Archive for the ‘Bankruptcy’ Category
Saturday, May 9th, 2020
Now this is really something to be worried about. China’s gaining control of valuable assets throughout the world. It is very likely that China let the virus spread throughout the world for the purpose of weakening our economies. Why else would the Communist Party stop flights from Wuhan to other cities in China while letting international flights out of Wuhan travel to all parts of the world? When financially desperate countries can no longer service their debt to China, the Chinese Communist Party seizes control of that country’s assets which could be an important waterway or strategic asset. The Chinese are masters at playing chess while the rest of us are playing checkers !!! Nancy
THE WASHINGTON EXAMINER
PANDEMICS AND POWER
China could emerge from coronavirus even stronger unless the free world frees itself from Beijing dependence
By Tyler Grant Tyler Grant is a writer and attorney April 23, 2020
During times of war and chaos, someone profits. As the world continues to reel from the coronavirus pandemic, businesses have shuttered, families have lost loved ones, and governments at the federal, state, and local levels have scrambled to provide adequate resources to the public. Meanwhile, after lying to international health organizations and governments around the world, China seeks to repair its public image and capitalize on a pandemic it allowed to wreak havoc on the world.
Beijing is positioned to recover faster than its competitors, including the United States. Why that is contains a lesson for America going forward, if we don’t want to be back in this position again.
In 2013, Chinese President Xi Jinping announced a plan to expand China’s global footprint in infrastructure projects abroad called the “Belt and Road Initiative.” What followed was a series of projects aimed at connecting over 65 countries with access to financing in excess of $1 trillion. The relationships span the globe, even including ambitions to control the Arctic Circle. The initiative has given China significant access to resources, economic zones, and trade routes. According to the China Africa Research Initiative at Johns Hopkins University, from “2000 to 2017, the Chinese government, banks and contractors signed $146 billion in loan commitments to African governments and their state-owned enterprises.” Foreign Policy reports, “Djibouti, Tajikistan, Kyrgyzstan, Laos, Maldives, Mongolia, Pakistan, and Montenegro … owe more than 45% of their gross domestic products to Beijing over Belt and Road projects.”
And thanks to the Chinese Communist Party’s lack of political or economic competition at home, it has been able to lend money on terms advantageous to Beijing — and only Beijing. Azeem Ibrahim, a professor at the Strategic Studies Institute at the U.S. Army War College, notes, “Beijing is becoming adept at translating outstanding debts into foreign assets.” The Belt and Road program largely relies on low-interest credit facilities collateralized by borrowing countries’ infrastructure or natural resources. Due to the poor credit of the sovereign borrower or low expectation of performance of the asset in question, many call China’s practice a form of “neo-colonialism” or “creditor imperialism” through what’s called “debt-trap diplomacy.” The Institute for Security Studies has gone so far as to call China’s behavior a “predatory system designed to ensnare countries into a straightjacket of debt servitude.”
How this works in practice: Borrowers that are unable to fulfill their loan obligations cede tremendous bargaining leverage to the Chinese when they seek to restructure the debt. If they default, the Chinese government simply seizes control of the asset. For example, the Sri Lankan government entered into a credit deal with the Chinese for a port (which reports indicate was a shaky bet, financially, from the start). When the asset didn’t perform to the terms of the contract, Sri Lanka granted China a 99-year lease on the port, including over 150,000 acres of land surrounding it. Just like that, the Chinese Communist Party gained control over a major waterway of another country.
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Posted in Africa, Asia, Banking, Bankruptcy, China, Coronavirus, Foreign Policy, Legal Issues, Marxism, National Defense, Totalitarian, Trade Agreements | No Comments »
Tuesday, May 5th, 2020
THE WALL STREET JOURNAL
The Century of Bioweapons
The coronavirus’s disruptive effects will inevitably inspire evil minds to action
by Walter Russell Mead April 28, 2020
EXCERPT FROM THIS ARTICLE: Imagine a country whose scientists produced something like the coronavirus and also a vaccine. The virus could be released, causing chaos and destruction, but one could protect one’s own people from the plague—and offer the vaccine to the world if one’s demands were met. Now imagine a jihadist group or other criminal organization with the same power.
Over time, the danger will grow as humanity develops better and more efficient ways to hack the genetic code and create organisms on demand. Biological laboratories, even sophisticated ones, are cheaper to build and easier to hide than the factories necessary to enrich uranium and develop nuclear weapons.
Covid-19 does not appear to be a genetically engineered plague unleashed on the world by supervillains—but its massive global impact shows how effective such a weapon could be. That will have consequences.
The current pandemic, we may hope, won’t live up to its full hype. It may be less destructive and even less costly than many feared. Reliable treatments may soon become available, and societies will figure out ways to protect the most vulnerable while allowing the normal business of life to resume. Covid-19 will presumably at some point become through antiviral therapies a manageable hazard, like HIV/AIDS before it, or be conquered by a vaccine.
Yet less than three months after the first known Covid-19 death in the U.S., more Americans have died of this disease than fell in battle during the Vietnam War. It has disrupted more lives, thrown more people out of work, and at least temporarily closed more businesses than the Great Depression.
And of course the U.S. is not alone. Much of the world has been shut down; global trade has been upended in ways not seen since World War II, and the spreading economic and geopolitical fallout from the pandemic is already on course to dwarf the consequences of the 2008-09 financial crisis.
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Posted in Bankruptcy, Big Business, Biodefense, Chemical Weapons, Coronavirus, Cyber Warfare, Dept of Defense, Ebola, Election 2020, Europe, Foreign Policy, History, Intelligence, Nuclear Energy/Weapons, Radical Islam, Science, Technology, Totalitarian | No Comments »
Saturday, April 11th, 2020
www.americanthinker.com/blog/2020/04/covid19_and_the_approaching_new_normal.html
AMERICAN THINKER
April 11, 2020
COVID-19 and the approaching new normal
By Terry Mudge
The COVID-19 mantra, “we’re all in this together,” is echoed in advertisements, by conservatives, liberals, and public service announcements. The new heroes are fast food and grocery workers. Being a good citizen is obeying stay-at-home mandates for the safety of others. Feel-good stories of people working together contrast the stories of hospitals as war zones. The daily COVID-19 death toll resurrects memories for us older folks of the Vietnam War’s daily casualty counts.
Can Americans be so naïve they don’t see this crisis for what it is? COVID-19 is being used to usher in a new morality in alignment with a globalist population monitor-and-control system under the guise of public safety. Let’s look at the facts globalists don’t want Americans to add together.
· Economies across the globe are significantly compromised.
· Business-owners have suffered the loss of property without due process or compensation.
· Stay-at-home mandates, effectively jailing people in their homes.
· No criteria established to measure the consequences of stay-at-home mandates or the shutdown of the economy.
· No right of assembly.
· Churches closed.
· Courts have been closed so there can be no redress of grievances.
· No guidelines have been established for return to normal.
· Misinformation: Models are consistently wrong, and data used for assumptions are not explained to the public.
· A shift of governance to bureaucrats — “experts” who contradict one another and themselves almost daily.
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Posted in Bankruptcy, Big Government, Center For Disease Control, Center For Disease Control - CDC, China, Constitution, Coronavirus, Economy, Election 2020, Globalists, Government Regulation, Legal Issues, Totalitarian, Tyranny | No Comments »
Sunday, March 22nd, 2020
I have debated with myself about posting this video as some people consider David Icke a conspiracy theorist. Many of the points that he makes in this video are very intriguing and plausible. Since we are close to a global economic crisis, I decided to send it out and you can decide for yourself if you agree with his statements regarding the world’s reaction to the coronavirus. Nancy
VIDEO
David Icke Explains How the Elite are Using Coronavirus to Reshape the Global Economy
“This coronavirus hysteria gives them an excuse to do what they’re doing, and the consequences of what they’re doing is to dismantle the world economic system.” – David Icke
On Wednesday, David Icke appeared as a guest on London Real to discuss his perspective on the coronavirus and the global lockdown happening right now. The greater implication, he says, is that while people are in a state of fear, they are passively allowing increasing authoritarian controls over their lives, and that this new power grab will not be rolled out when the crisis ends.
The types of government totalitarianism that are being pushed amid the coronavirus outbreak include the encouragement of going cashless, mandatory vaccinations, and most importantly, vast economic controls which we have never seen before this event.
“The way the whole economic system is being shut down is suicide. What happens when it reaches a point where in its present state it cannot survive?” – David Icke
In most US states, local governments have closed down restaurants, bars, hair salons, and coffee houses against the interests of business owners as a means to stop the spread of the coronavirus. As a result, millions of people have already lost their jobs and are unsure about whether they will be able to pay rent. Governments claim that without extreme measures, many more will die, and hospital beds will overfill.
“You have to keep the reaction in proportion to the problem,” David says. “so maybe more needs doing in parts of Italy.
Posted in Agenda 21, Bankruptcy, Big Government, China, Cloward-Piven, Congress, Coronavirus, Ebola, Economy, Election 2020, Elitism, Environmental Issues, Europe, George Soros, Global Warming, Globalists, Globalization, Government Regulation, Healthcare, Italy, Liberalism, Medical/Drugs, One World Government, Political Correctness, Progressive Movement, Radical Left, Regulations, Resistance, Seniors, Social Justice, Soros, Totalitarian, Transparency, Tyranny, U.N., Videos | No Comments »
Tuesday, December 31st, 2019
Does the Democratic Party represent the interests of black Americans? Larry Elder gives 10 reasons why blacks might consider leaving the Democratic Party.
VIDEO
10 Reasons Why Blacks Should Leave the Democratic Party by Larry Elder
Posted in Abortion, Acorn, American History, Bankruptcy, Big Government, Border Security, Carter, Charter Schools, Child Endangerment, Class Warfare, Clinton, Culture Rot, Democrats, Demographics, Discrimination, Education, Election 2020, Entitlements, Financial Meltdown, Food Stamps, Hillary Clinton, Identity Politics, Illegal Immigration, Liberalism, Obama Administraiton and Policy, Progressive Movement, Racism, Radical Left, Social Security, Unions, Videos, Welfare, Women's Issues | No Comments »
Tuesday, October 29th, 2019
VIDEO – PUBLIC PENSIONS – AN ECONOMIC TIME BOMB PRAGER U
Who cares about public pension liability? Well, you should – after all, it’s the reason entire cities and even states are facing bankruptcy. Joshua Rauh, professor of finance at Stanford and Senior Fellow at the Hoover Institution, paints a startling picture of just how broken the public pension system really is, and what will happen if we continue to ignore it
Posted in American History, Bankruptcy, Big Government, California, Democrats, Dennis Prager, Entitlements, Legal Issues, Liberalism, Pensions, Political Corruption, Progressive Movement, Seniors, Transparency, Unions, Videos | No Comments »
Monday, October 21st, 2019
Posted in American History, Bankruptcy, Donald Trump, Election 2016, Election 2020, Resistance, U.N., Videos, Women's Issues | No Comments »
Monday, September 16th, 2019
This is an extremely informative and interesting article about the subject of Obama’s first film that he and Michele produced with Netflix. As you will read, the author of this article is very critical of the part that Obama played in the original closing of this GM plant during the 2008/2009 financial crisis which Obama does not mention at all in his movie . Talk about chutzpah !!!
I have included the official trailer of this movie and a link to view the entire movie at the bottom of this WSJ article. Nancy
THE WALL STREET JOURNAL
Obama’s Incredible Movie Makeover
The former president has produced a film about a factory closing—without mentioning his own role in the drama
By Mike Turner, Mr. Turner, a Republican, represents Ohio’s 10th Congressional District. He served as mayor of Dayton , 1994 – 2002
September 14, 2019
EXCERPT FROM THIS ARTICLE: It’s a fascinating and at times moving film. What’s interesting about it, though, is that it never once alludes to the part Mr. Obama played in diminishing the ability of Moraine’s laid off workers to transfer to other GM plants. The president’s role wasn’t indirect and isn’t a matter of dispute: His administration’s bailout deal for GM included a backroom exclusive agreement with the United Auto Workers. The hypocrisy of this Obama-backed film is astounding. Mr. Obama fails to acknowledge his direct role in creating the hardships the Moraine workers weathered. He had nothing whatsoever to do with the plant’s reopening—that was all the work of state and local officials and community leaders.
To put the point bluntly: If the president had his way, there would have been no plant to make a documentary about. “American Factory” would have been “Abandoned Parking Lot.”
Higher Ground, the production company formed last year by Barack and Michelle Obama in conjunction with Netflix, recently released its first film. “American Factory” is a documentary about a General Motors plant in Moraine, Ohio, a suburb of Dayton. The plant closed in 2008 and was reopened by a Chinese auto glass manufacturer in 2015. The film follows the lives of both the laid-off American workers and the Chinese workers brought in to run the new plant.
It’s a fascinating and at times moving film. What’s interesting about it, though, is that it never once alludes to the part Mr. Obama played in diminishing the ability of Moraine’s laid off workers to transfer to other GM plants. The president’s role wasn’t indirect and isn’t a matter of dispute: His administration’s bailout deal for GM included a backroom exclusive agreement with the United Auto Workers.
How does a nearly two-hour film telling the story of these workers fail even to mention the direct role the co-owner of the film’s production company played in creating their hardships? Did the filmmakers think no one would remember?
A quick refresher. The Obama administration’s auto bailout highly favored the UAW and its members. The GM plant in Moraine was unionized by the IUE-CWA. So—despite being one of the top GM facilities for quality, efficiency and production in the country—it was shuttered, and its employees were put at the back of the line when requesting transfers to other GM plants. Any non-UAW employees looking to transfer were forced to start as new hires, wiping clean any wages, tenure, and benefits built up during careers at other GM plants.
“American Factory” documents the UAW’s efforts to unionize the reopened auto glass factory without any mention of the same union’s direct role in the GM plant’s closure. The Dayton community was left out in the cold—thousands of jobs lost, families devastated, longtime GM workers out on the street looking for work.
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Posted in American History, Bankruptcy, Big Business, Big Government, Congress, Democrats, Economy, Financial Meltdown, Government Regulation, Industry, Legal Issues, Obama, Obama Administraiton and Policy, Political Corruption, Politics, Progressive Movement, Radical Left, Transparency, U.S. Presidents, Unions, Videos | No Comments »
Tuesday, July 10th, 2018
This article will help you to understand the history behind how the Far Left has been able to take control of the Democrat Party and what their goals are for our country. It is a fascinating read . Nancy
www.thetrumpet.com/13314-the-roots-of-americas-dangerous-turn-left
To understand where the radical left plans to take America, you must understand the source of its ideas. We have been warning America about this for over 50 years!
BY GERALD FLURRY
America is in serious decline. Many Americans are deeply concerned. The radical left has gained control of the nation. Look at the Democratic Party today: Its leading personalities promote policies that are weakening the nation economically, socially, morally, militarily and geopolitically. How did they get control? What caused this nation to descend into this condition?
You need to understand what has happened inside this country and why. The problem is far deeper, and has been going on for far longer, than most people realize.
During the Cold War, there was a lot of fear within America about the spread of communism. Today, most Americans no longer consider it a threat of any concern.
But it is of grave concern. Few people realize it, but many mainstream political views in America today are identical to—and trace directly back to—the ideals and beliefs of communism.
One popular candidate running for the Democratic presidential nomination claims to be a socialist. Well, many Communists call themselves socialists. The fact that he has so much support reveals how dangerously ignorant the American people are.
What do you know about communism? A growing number of Americans support the government taking over health care and other major segments of the national economy. They fail to understand the dangers that accompany a Communist system.
Understanding Communism
Socialism and communism are alike in fundamental ways. Both say the centralized government or “the public” should own and control production, rather than individual business owners. Both call for centralized planning and control, which make for powerful governments that are highly susceptible to corruption. Socialism is considered the transition stage from capitalism to communism; in some cases, it is a less radical version that might eventually “mature” into communism.
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Posted in Acorn, Administrative State, Affirmative Action, Agenda 21, American History, Anti-Capitalists, Antifa, Arab Winter, Bankruptcy, Big Government, Bill Ayers, Black Lives Matter, Class Warfare, Clinton, Cloward-Piven, Community Organizers, Constitution, Cuba, Cultural Marxism, Culture Rot, Debt Ceiling, Deep State, Democrats, Demographics, Diana West, Dictators, Diversity, Education, Egypt, Election 2012, Election 2016, Elitism, Elizabeth Warren, Entitlements, Environmental Issues, Fascism, Foreign Policy, Founding Fathers, Frankfurt School, Globalists, Government Regulation, Healthcare, Hillary Clinton, History, Illegal Immigration, Indoctrination of students, Industrial Areas Foundation (IAF), Liberalism, Marxism, Military, Multiculturalism, National Defense, Nazism, Obama, Obama Administraiton and Policy, Obamacare, One World Government, Open Borders, Pelosi, Police/law enforcement, Political Correctness, Political Corruption, Politics, Progressive Movement, Protestors, Putin, Racism, Radical Left, Redistribution of Wealth, Regulations, Resistance, Reverend Wright, Rudy Giuliani, Rules For Radicals, Russia, Russian Reset, Sanctuary Cities, Saul Alinsky, Securlarism, Social Issues, Social Justice, Socialism, Soros, South America, Southern Poverty Law Center, Sovereignty, Totalitarian, Transparency, Tyranny, UN Agenda 2030, Vietnam, Violent Protestors, Welfare, WW II | No Comments »
Friday, August 4th, 2017
This is taxpayer money that could instead be used for rebuilding our roads, bridges, airports, medical research, failing inner city school systems, job retraining programs, the list of worthwhile programs is endless. Instead, the money is being spent on those who are here illegally. Have you all heard of Cloward-Piven, which is overwhelming the system until it collapses !
Earlier this evening, I posted an article on California’s expansion of Medicaid (Medi-Cal). Just one more example of overwhelming the system with people on welfare. What is needed is job training programs to get people out of poverty, not paying them to stay in poverty. I think it was Ben Carson who said you don’t want to make people so comfortable in poverty that they stay in poverty ! One of our readers wrote to me today that she owns a small business and she offered a job to someone who declined the job offer because the person made more money staying at home and collecting welfare. Nancy
LA made $1.3B in illegal immigrant welfare payouts in just 2 years
Illegal immigrant families received nearly $1.3 billion in Los Angeles County welfare money during 2015 and 2016, nearly one-quarter of the amount spent on the county’s entire needy population, according to data obtained by Fox News.
The data was obtained from the county Department of Public Social Services — which is responsible for doling out the benefits — and gives a snapshot of the financial costs associated with sanctuary and related policies.
The sanctuary county of Los Angeles is an illegal immigration epicenter, with the largest concentration of any county in the nation, according to a study from the Migration Policy Institute. The county also allows illegal immigrant parents with children born in the United States to seek welfare and food stamp benefits.
Robert Rector, a Heritage Foundation senior fellow who has written extensive studies on poverty and illegal immigration, said the costs represent “the tip of the iceberg.”
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Posted in Bankruptcy, Big Government, California, Democrats, Illegal Immigration, Liberalism, Sanctuary Cities, State Governments / Deficits, Welfare | No Comments »
