Bad News: US Is Likely Facing a Deeper-Than-Normal Recession

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Tolstoy famously wrote that all happy families resemble one another, but each unhappy family is unhappy in its own way. He might have said the same about unhappy economies — and added that there are all too many signs the US recession now in the works will likely be of the particularly unhappier kind.

Among the reasons to fear a deeper-than-normal recession is that monetary-policy tightening is causing the equity and credit market bubbles to burst. Since the start of the year, not only has the Federal Reserve’s abrupt policy shift wiped out almost 20% of the stock market’s value; it has also wiped out nearly 20% in the bond market’s value and close to 50% in the value of exotic markets like bitcoin.

The combined evaporation of some $12 trillion, or 50% of gross domestic product, in household wealth since the start of the year must be expected to cool consumer demand in time. Households will begin to stress about their reduced 401(k)s, which will make them want to rebuild their savings. According to the Federal Reserve, for every sustained $1 loss in household wealth, consumers tend to reduce their spending by 4 cents.

This means that, although consumer spending has held up well to date, because of their financial-market losses consumers might soon be expected to reduce spending by as much as 2% of GDP. This is the last thing we need when consumers are already cutting back because of soaring gasoline and food prices and because their wages are being eroded by high inflation.

Another cause for concern is that the Fed’s tightening has led to an abrupt jump in the 30-year mortgage rate from around 3% at the year’s start to 5.5% at present. This has reduced the affordability of housing by 25%. That in turn is already leading to a marked cooling in housing demand. (Read more from “Bad News: US Is Likely Facing a Deeper-Than-Normal Recession” HERE)

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Congrats to the Media for Finally Finding a White Supremacist

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Assuming the gunman who shot up the Buffalo, New York, grocery store really was motivated by anti-black racism, let’s do what the media do when faced with an Islamic terrorist who goes on a killing spree in America and just refer to him as a “lone wolf,” a mentally unstable individual who in no way reflects any broader phenomenon or trend.

Except, unlike with violent Muslim extremism, that characterization in this case would be true.

Despite what the media, Democrats, leftists, and, of course, the permanent Washington bureaucracy say (over, and over, and over again), there is no imminent, large-scale threat from white nationalists. It doesn’t exist outside of Joe Biden’s TelePrompter. . .

Even under Donald Trump—especially under Donald Trump—the permanent bureaucracy had been hyperventilating about “white supremacy” and the existential threat it supposedly represented to every American, and even democracy itself.

Strangely enough, though, there isn’t a ton of publicly available government data on the topic. More often than not, a government agency or official makes an assertion about white supremacists on a rampage and we’re just supposed to take it as fact without hearing any specifics. (Read more from “Congrats to the Media for Finally Finding a White Supremacist” HERE)

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Top Trans Medical Org Used Castration Fetish Site for Research to Develop Guidance for Doctors

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The World Professional Association for Transgender Health (WPATH) developed its latest medical guidelines using information from a site that hosts pedophilic fantasy pornography and castration fetish content.

WPATH, which sets medical standards for transgender medical procedures according to U.S. Assistant Secretary for Health Rachel Levine, released new draft guidelines Dec. 3, 2021 which include “eunuch” as a gender identity. The organization pulled information from a website called “Eunuch Archive,” which hosts thousands of members who discuss their castration fantasies and, according to WPATH, hosted a popular post providing instructions for self-castration.

WPATH referenced stories of self-castration shared on the site to argue that healthcare providers must castrate individuals for their own safety if they believe a person will likely chemically or surgically castrate themselves outside of the formal medical setting otherwise.

“For the purpose of Standards of Care, we define eunuch as an individual assigned male at birth whose testicles have been surgically removed or rendered non-functional, and who identifies as a eunuch,” the guidance states. “They ask for castration, to become eunuchs, because they are eunuch-identified. They may also benefit from eunuch community because of the identification – with or without actual castration.” (Read more from “Top Trans Medical Org Used Castration Fetish Site for Research to Develop Guidance for Doctors” HERE)

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Illegal Alien Charged With Raping His Young Daughter, Giving Her Chlamydia

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An illegal alien has been accused of raping his daughter, a toddler, and giving her a sexually transmitted infection in Davidson County, Tennessee.

Ronaldo Saul Monteroso Gonzalez, a 25-year-old illegal alien, was arrested and charged with aggravated rape of a child last week and booked into the Metro Nashville Jail, where he is being held on a $250,000 bond.

According to a police report obtained by local outlet Scoop Nashville, Gonzalez’s daughter, who is three-years-old or younger, was taken to a nearby children’s hospital after having stated that her father was sexually abusing her.

A sexual assault exam was taken in late February and the child tested positive for the sexually transmitted infection known as Chlamydia. Police only arrested Gonzalez last week because they said they could not locate him. (Read more from “Illegal Alien Charged With Raping His Young Daughter, Giving Her Chlamydia” HERE)

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If Biden Were Trying to Destroy America on Purpose, He’d Do Nothing Differently

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Many have watched Joe Biden’s feckless performance over the past 18 months and concluded he’s grossly incompetent, and so is the party that decided to put him in the White House. Yet the incompetence rises to such a level that it prompts a question: If Biden were in fact actively attempting to destroy the United States, would he be governing much differently?

Just consider the last two years of the devastating worldwide lockdowns Communist China unleashed, first with a novel virus and then in its totalitarian response that the rest of the world echoed. Could it be mere incompetence, or does it rise to the level of actual malice, to double down on transferring the United States’s soft and hard power to China following that obvious of an episode?

Compound the devastating, China-enabling lockdown response Democrats demanded with U.S. officials fomenting war in Eastern Europe by foolishly suggesting Ukraine join the North Atlantic Treaty Organization. The resulting war is not only undermining potential U.S. responses to its top adversary, China, but also needlessly punishing Americans with higher energy and food prices.

Further compound that foolish rush to expand rather than end a war that lacks significant U.S. strategic interests with the deliberate destruction of U.S. energy independence and prosperity. While telling Americans that he’s not at all choking U.S. energy production, Biden is in fact choking U.S. energy production. He blames these malevolent decisions on Vladimir Putin, while actually enabling Putin’s power by taking away American energy as an alternative to Russian energy on world markets. (Read more from “If Biden Were Trying to Destroy America on Purpose, He’d Do Nothing Differently” HERE)

Photo credit: Gage Skidmore via Flickr

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Twisted Diary of Alleged Buffalo Shooter Reveals His Online Radicalization During COVID; Shooter Was an Eco-Socialist Racist Who Hated Fox News and Ben Shapiro

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By New York Post. The avowed white supremacist who killed 10 people at a Buffalo supermarket first became radicalized during the early days of the COVID-19 pandemic by scouring extremist internet messaging boards, according to his twisted online diary.

Payton Gendron, 18, spent months reflecting on his plans to conduct a mass shooting in the digital journal and said his exposure to 4Chan, an online message board known as a hotbed for extremism, kept him motivated to stick to his plans.

“My current beliefs started when I first started to use 4chan a few months after covid started,” Gendron wrote in the diary, which was posted on the Discord app and was taken down after the attack.

“Every time I think maybe I shouldn’t commit to an attack I spend 5 min [on] /pol/, then my motivation returns,” he wrote in another entry, referencing the message board’s politics section, which is known for racist and anti-semitic content. . .

“I’m not proud to kill these lads, in fact I’m desperately looking for a sign or evidence proving that I shouldn’t,” he wrote of his plans to shoot and kill black people in a crazed effort to “save” the white race. (Read more from “Twisted Diary of Alleged Buffalo Shooter Reveals His Online Radicalization During COVID” HERE)

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The Buffalo Shooter Was an Eco-Socialist Racist Who Hated Fox News and Ben Shapiro

By Washington Examiner. The New York man who shot up a Buffalo supermarket Saturday kept no secrets about how and why he planned to murder “as many blacks as possible.” From his racist radicalization on the internet due to the coronavirus lockdowns to his specific choice of a black neighborhood with few guns — “NY has cucked gun laws,” wrote the shooter, who made clear he intended to survive the massacre — the Buffalo shooter is no enigma.

Hence, a seemingly concerted effort from the corporate media accusing the Buffalo barbarian of being some sort of Tucker Carlson acolyte would be baffling if it weren’t so transparently malicious. In the 180-page document purported to be authored by the shooter, he does not mention Carlson once. The sole explicit mention of Fox News is an infographic demarcating top Fox hosts such as Maria Bartiromo and Greg Gutfeld as Jewish. (Rupert Murdoch is decried as a “Christian Zionist” who may have Jewish ancestry, “although it’s never publicly admitted.) Ben Shapiro is mentioned multiple times, including as an example as the “rat” phenotype of Jewish people.

Moreover, the Buffalo shooter is a self-described “ethno-nationalist eco-fascist national socialist” who loathes libertarianism and conservatism in particular.

“Ask yourself, truly, what has modern conservatism managed to conserve?” the shooter wrote. “Not a thing has been conserved other than corporate profits and the ever increasing wealth of the 1% that exploit the people for their own benefit. Conservatism is dead. Thank god. Now let us bury it and move on to something of worth.”

Hell, the shooter admits that he’s a socialist, “depending on the definition.” (Read more from “The Buffalo Shooter Was an Eco-Socialist Racist Who Hated Fox News and Ben Shapiro” HERE)

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Tucker Carlson Invited Chuck Schumer On His Show. This Is How Schumer Responded.

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Senate Majority Leader Chuck Schumer (D-NY) revealed on Tuesday he had been invited to appear on “Tucker Carlson Tonight” so the host can interview Schumer about the letter he sent to Fox News blaming Carlson for the mass shooting in Buffalo, New York.

Despite the self-proclaimed white supremacist shooter not naming Carlson as an inspiration and expressing his hatred for Fox News, Schumer wrote to the head bosses at Fox News and News Corp to tell them to censor Carlson.

(Read more from “Tucker Carlson Invited Chuck Schumer on His Show. This Is How Schumer Responded.” HERE)

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NEW BIDEN RECORD: The Average U.S. Gas Price Just Passed $4.50 per Gallon

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Gas prices for diesel and regular unleaded reached new records on Tuesday as they continue an upward trajectory before Memorial Day, hitting unseen highs near daily.

According to AAA’s gas price tracker, the average cost for a gallon of regular is running at $4.52 nationwide, and diesel at $5.57. Gas prices are highest in California, where residents are now paying an average of more than $6 per gallon statewide. Kansas residents are seeing the cheapest gas at $4 per gallon.

The record-breaking prices will soon cause ripple effects across the economy, with spikes in transportation and manufacturing costs being passed onto consumers who are already battling record inflation. According to the Department of Labor, April’s inflation numbers revealed the highest year-over-year increase in four decades, rising 8.3 percent last month compared to the same time last year.

Despite the rising prices upending the nation’s pandemic recovery, President Joe Biden has only doubled down on his anti-American-energy agenda with cancellations of new oil and gas leases to keep domestic production low. Data from the Department of Commerce published in April revealed that the U.S. economy experienced negative GDP growth in the first quarter, potentially marking the first stages of a recession after GDP remained positive since mid-2020. (Read more from “NEW BIDEN RECORD: The Average U.S. Gas Price Just Passed $4.50 per Gallon” HERE)

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False Support: Audit Finds Half of Joe Biden’s Twitter Followers Aren’t Real

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At least half of President Biden’s 22.2 million Twitter followers are bogus, a new audit revealed.

The audit, which was done for the social media giant by software firm SparkToro, found that 49.3% of the president’s followers are “fake followers,” according to Newsweek.

SparkToro has defined “fake followers” as “accounts that are unreachable and will not see the account’s tweets (either because they’re spam, bots, propaganda, etc. or because they’re no longer active on Twitter).”

Tesla CEO Elon Musk, who is currently attempting to buy Twitter, has expressed concern over the growing number of fake accounts and proposed a potential crackdown on the sham accounts.

Musk said he believes that 20% of all Twitter accounts are fake and vowed to not go through with his $44M purchase of the social media giant until the issue is resolved. (Read more from “False Support: Audit Finds Half of Joe Biden’s Twitter Followers Aren’t Real” HERE)

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Here’s How Elon Musk Is Voting Next Election

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Billionaire Elon Musk said he plans to vote Republican in the upcoming election cycle after voting “overwhelmingly” for Democrats in the past.

The Tesla CEO and founder made the remark on Monday while speaking via video link at a Miami tech conference, where he discussed his views on Twitter and free speech, among other topics.

“The reality is that Twitter at this point, you know, has a very far left bias,” Musk said at the conference. “I would classify myself as a moderate, neither Republican nor Democrat.”

“I have voted overwhelmingly for Democrats, historically. Like I’m not sure, I might never have voted for a Republican, just to be clear,” he continued.

“Now this election I will,” he added. While Musk did not specify if he was referring to November’s midterm elections or the 2024 presidential election, his comments elicited an enthusiastic response from the audience and panelists. (Read more from “Here’s How Elon Musk Is Voting Next Election” HERE)

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