I haven’t reported much on the farce of Democrats tearing through the thicket of law to get at their great devil Donald Trump, mainly because it is such a farce, but here’s Christopher Rufo on Joe Rogan discussing how dangerous and anti-democratic their blood vengeance crusade is.
Joe Rogan: “How disturbed are you by what seems to be this acceptance that people have for prosecuting political opponents?”
JR: “Because to me, it’s, regardless of what you think about Donald Trump as a human being and the polarizing figure that he is, setting the precedent of trying your political opponents to somehow or another, either put them in jail, or make them seem like complete total criminals in a way that would, for the casual, for the person who’s not reading deep into the headlines.”
JR: “The casual Democrat that sees this Trump real estate thing that just happened, where he got fined $365 million. I’ve seen people argue ‘fraud is fraud and this is that and he’s a fraud,’ and then I saw Kevin O’Leary from Shark Tank explain this is what every real estate developer does.”
JR: “They say ‘My building’s worth $400 million,’ and then someone comes along from the bank, and they say ‘No, it’s worth $300 million. We’ll give you a loan on $300 million’ or whatever.”
Christoper Rufo: “It’s negotiation.”
JR: “People overvalue their property all the time. [Someone] has a house and it’s worth $700,000, they decide to list it as $900,000.”
CR: “We have a democratic system that favors Trump, in the sense that he won in 2016, he’s winning the primary right now for republicans in 2024.”
CR: “But you have a bureaucracy that is dead set against him. And the rhetoric amounts to a very odd claim. They essentially say: ‘We want to keep him off the ballot, we want to put him in prison, we want to bankrupt him so he can’t become the president, even if the people support him. We want to deprive the people of making the decision.'”
CR: “So you want to take it out of the realm of politics and into the realm of administrative justice or the criminal justice system, and adjudicate it in that way on bogus pretexts.”
CR: “Who actually rules in this country? Is it the American people who get to decide by their vote who represents them in the government? Or is it the permanent bureaucracy that has accumulated so much power?”
CR: “I’m of the mind that the people should decide, not the bureaucracy. And this is a contest where Democrats are saying essentially we have to destroy democracy in order to save democracy.”
Evidently there’s no undemocratic Rubicon Democrats won’t cross, no bridge they won’t burn, to destroy democracy in the name of saving it from Orange Man Bad.
Back in December, Texas Governor Greg Abbott warned about an “invasion” of Chinese nationals at the border.
Gov. Greg Abbott is highlighting recent numbers from U.S. Customs and Border Protection that show a record-breaking number of Chinese nationals encountered at the southwest border.
According to the latest numbers released, border patrol agents encountered 4,261 Chinese nationals in October—a massive increase from the 430 encounters in October 2022.
The increase in illegal aliens attempting to cross the southwest border has caused Texas Gov. Greg Abbott to take several measures to secure Texas’ southern border.
Abbott spoke to Fox News, explaining how the crisis at the southern border has become an “existential threat” to the United States.
It is extraordinarily dangerous because, first of all, as you point out, we have people from China coming here. We also have people on the known terrorist watch list who are coming across the border. And so there’s extraordinary dangers, calls to our country by Biden’s open border policies. And obviously, Biden is doing nothing about it. And that’s why Texas has to step up and apprehend as many of these people as possible to make sure that they’re not posing a threat to our country.
Abbott’s not the only one. On Joe Rogan’s podcast, Bret Weinstein talked about traveling to Panama to see illegal alien migration problem firsthand, and came away with some disturbing information.
“There is a migration of Chinese immigrants that looks different, feels different, and is being housed in a totally separate way in Darien for reasons that are not in any way obvious.”
“Now I don’t know exactly what to make of that. I have hypotheses there are no more than that. But the Chinese migration is not forthcoming about why it is migrating. It is composed mostly of young military-aged men. There are some women present, but it’s not 50/50 by far.”
“The international community has arranged separate encampments. The Chinese are in many cases traveling a separate way across the Darien Gap. They’re skipping some of the worst parts of it traveling by boat.”
“When asked where they’re from, where they’re going, why they’re going, they are uninterested in talking. There’s a hostility to it that I found shocking.”
“[If they] didn’t like the way things were in China, they feared their government, they thought that there was economic opportunity, they would be curious about Americans. These are soon to be their countrymen. They would tend to be interested in talking. And even if they, for some reason, because they had lived under a totalitarian regime, felt that they couldn’t talk, they wouldn’t be broadcasting hostility, they would be ambivalent or something.”
“That is not the impression that they leave when interacting with them, so I found that utterly alarming.”
“I wonder if the [larger migration] is a cloak for this other migration from China, which is nothing if not mysterious. Why are they letting it happen? Why do you think the government is allowing the border to be so porous, and why are they resisting when Texas tries to do something about it?”
“Before I went to to Panama, I thought there was a migration of people. Now I think there are two. One of them’s clearly a migration, and the other one could well be an invasion.”
“The belief amongst many who have been on the story of the migration for years now is that this is a ploy to create voters, Democratic voters, and I don’t think that’s impossible. I think that’s probably playing a role.”
He also brings up the possibility some of have floated to trade military service for citizenship as a way to lessen the army’s resistance to illegal orders. “If you wanted a force that was capable of acting on behalf of tyranny against Americans, then a force that doesn’t have a deep history with the rights of being an American, that doesn’t have a long-standing allegiance to people within the country, that force would be potentially more compliant.”
Pre-Flu Manchu, all this would have seemed like paranoid conspiracy theories. But after the lockdowns, the Antifa riots, and the continued government insistence that the warm yellow substance they were distributing on our pants was rain, I have to admit the idea is a lot more plausible than I would have previously considered. And until the social justice warriors ran amok at Evergreen College, Weinstein considered himself a Democrat.
Someone is importing Chinese national illegal aliens into the United States, for some reason. The only question is who and why.
This is a very interesting clip of Dave Rubin interviewing the always-interesting Bret Weinstein on a variety of intertwined topics.
The main focus of this segment is a mystery: Why did Musk block Weinstein on Twitter right after spending a fair amount of time agreeing with him on the need to fight censorship, but they touch on a whole lot of interesting ideas in the process.
DR:
That’s why I talk about Elon as much as I do on the show. Because I don’t I think if you would have said to Elon 10 years ago: “You’d own Twitter, you’d be in this free speech fight, you’d have, you know, the ADL calling you an anti-semite,” like the list of craziness that everyone now knows. I think he’d say “What are you talking about? That’s completely insane. I’m trying to get us to Mars. I’m building this cool car, blah blah blah.” But he, I think, is sort of the avatar for what you’re talking about there, the brave person that doesn’t know exactly what they’re going towards, something like that. But then he’s like “I better buy this freaking Twitter thing because I see all the danger.”
BW:
I think you’re right about Elon. I don’t know for sure that you are, but I think you’re right about what he’s trying to do, and how he ended up there, and how it would surprise him. I had a meeting with him. I flew to San Francisco, and I had a meeting with him, and he said it had been a very good meeting, and he wanted to meet again. A series of events unfolded over the course of the next 24 hours. My Twitter account got commandeered. Maybe that was organic, maybe it wasn’t. I don’t think—I know Elon had nothing to do with it. But anyway, I reached out to him, and tried to alert him to this, because I was concerned that he and I had private communications, and he didn’t, want you know… I don’t think there was anything compromising in them, but he didn’t want them in the world, and he needed to know that this…and he ended up, uh, blocking me after having this meeting, and I remain blocked.
Curious.
BW:
Now, the reason I raise it is because there’s a defect in all of those players that I mentioned who have all been shoved onto the same team, right? They have some incredible strengths, and I have to tell you um there’s been a lot of pain inflicted on us for standing up. But the camaraderie, the discovery of people, people who were up to the challenge, their coming together as a coalition, has been extremely rewarding and dwarfs any suffering that might have come along with this.
DR: “Yeah, it sounds kind of corny, but I mean that those three days or whatever it was we had at ARC [Alliance for Responsible Citizenship] to see everybody together again, and all be, like, we’re still alive we’re still here it’s powerful.”
BW: “The problem is, that all of those people who have the characteristics that I listed, that are courageous, that are insightful, and that have integrity, they tend they have a lot of Lone wolfess in them. Which means that they have a defect they’re terrible at confederating.”
BW: “I see him as very strategically clever, but I don’t think he’s any good at confederating, either. And my little story where he blocked me, it’s like, look, hey Elon, there aren’t that many people out here trying to advance the ball who have something um meaningful to contribute to the team. We have to stop tripping over each other.”
BW: “What happened was…I believe that Dark Horse [podcast] that [wife] Heather [Heying] and I [do] have faced a whole bunch of suppression that that has not yet shown up anywhere.”
BW: “We are demonetized to this day. YouTube demonetized us. I believe they were going to throw us off. Joe Rogan held an emergency podcast, and you know YouTube hasn’t messed with us since. But they didn’t remonetize. More than half our income in a one fell swoop. And we know that decision happened in the C-suite at Google.”
Weinstein believes that the real push to demonetize and silence him came when he started to examine alternatives to the consensus Flu Manchu narrative.
When we started to take it out of the realm of “Here’s a bunch of stuff you can’t understand and leave it to the virologists and the epidemiologists and the public health authorities” and the answer was “No, actually you can understand it and some of what you’re being told isn’t right.” Right when we started to do that and then we started to interact with people like Robert Malone and Peter McCullough, Pierre Kory, and then those people went on to affect a huge audience, largely on Joe Rogan’s program. That changed the narrative, and so I think something has meddled with us in a particular, in a unique way, because frankly there weren’t that many people who could bridge the scientific to public.
Rubin brings the subject back to Musk. BW: “You talked to Elon about the things he was discovering inside of the crime scene that he bought. And one of the things that he discovered was that there were lots of mechanisms that caused things to be deboosted that weren’t labeled as such. And so he kept finding more and more levels and I was trying to convey to him, ‘Look, I think you will find something special when you figure out what happened to us.'”
When Musk blocked him over these, he said “Stop spamming me!”
DR: “What you’re really saying, in essence, is that you were a little too ahead of something in the game at which the speed is played that he may not want to be involved in that just yet.”
BW: “On Dark Horse we have the phrase ‘Zero is a special number.’ What that means is if you can turn a single social media platform, a single newspaper, or a single university so that it functions towards its stated goal, you actually stand a chance of fixing the, system because if there’s one social media platform on which you’re treated like an adult and you can exchange ideas freely and discuss them back and forth, nobody’s going to want to be on the ones in which you’re treated like a child.” I would like to think he’s right here, but I see an awful lot of people on the left acting as though the only good thing about the pre-Musk Twitter was the ability to banish users for WrongThink.
It’s an interesting conversation with a lot to chew on. Just why is their such a strong nexus between Social Justice and wanting to force conformity on Coronavirus?
But I also wonder: Just how much of a remnant is there on the left in favor of free speech? Are are any significant advocates for it under the age of, say, 50?
Israel rolls on in Gaza, Democrats get indicted on election fraud, Sam Bankman-Fried found guilty, censorship schemes get busted, and George Soros’ evil fingers are everywhere. It’s the Friday LinkSwarm!
Israel’s ground offensive has surrounded Gaza City, where it seems to think most of Hamas infrastructure is located.
The blue circles indicate Israel military activity, which does rather suggest they’re pounding the snot out of Hamas.
House Republicans on the GOP’s “weaponization” subcommittee said in a Friday report that the IRS has agreed to end its “abusive” policy of surprise visits to taxpayers’ homes following pressure from the panel.
The Committee’s and Select Subcommittee’s oversight revealed, and led to the swift end of, the IRS’s weaponization of unannounced field visits to harass, intimidate, and target taxpayers,” reads the report. “Taxpayers can now rest assured the IRS will not come knocking without providing prior notice—something that should have been the IRS’s practice all along.”
The IRS announced in July that it would end most unannounced agent visits to the homes of Americans, citing security concerns.
But it also came after the agency engaged in what appeared to be witness intimidation, after visiting the New Jersey home of journalist Matt Taibbi on the same day he appeared before Congress to testify on government abuse.
Following the incident, Chairman Jim Jordan (R-OH) demanded answers from the IRS, writing “In light of the hostile reaction to Mr. Taibbi’s reporting among left-wing activists, and the IRS’s history as a tool of government abuse, the IRS’s action could be interpreted as an attempt to intimidate a witness before Congress.”
Taibbi thanked Jordan on Saturday, writing in response to the report:
One of the cases outlined is my own. My home was visited by the IRS while I was testifying before Jordan’s Committee about the Twitter Files on March 9th. Sincere thanks are due to Chairman Jordan, whose staff not only demanded and got answers in my case, but achieved a concrete policy change, as IRS Commissioner Daniel Werfel announced in July new procedures that would “end most” home visits.
Anticipating criticism for expressing public thanks to a Republican congressman, I’d like to ask Democratic Party partisans: to which elected Democrat should I have appealed for help in this matter? The one who called me a “so-called journalist” on the House floor? The one who told me to take off my “tinfoil hat” and put greater trust in intelligence services? The ones in leadership who threatened me with jail time? I gave votes to the party for thirty years. Which elected Democrat would have performed basic constituent services in my case? Feel free to raise a hand.
If silence is the answer, why should I ever vote for a Democrat again?
In the conversation with [Joe] Rogan, Musk then explains George Soros’ massive bet (now overseen by his son, Alexander Soros) on funding city and state district attorney elections nationwide. He said, “The value for money in local races is much higher than in national races – the lowest value for money is a presidential race.”
“Soros realized you don’t actually need to change the laws – you just need to change how they’re enforced – if nobody chooses to enforce the law – or the laws differentially enforced – it’s like changing the laws,” Musk said.
This leaves with a new interview from one Maryland sheriff, just outside of crime-ridden Baltimore City, in Wicomico County, who drops a truth bomb about radical progressive lawmakers in the state, some of whom have likely been funded by Soros, who purposely fail to enforce law and order and only embolden criminal.
“I’m in my 40th year of law enforcement, and I have never ever seen it this bad,” Sheriff Mike Lewis said.
Lewis continued: “I’ve never seen a government so ingrained – and quite frankly complicit – in the criminal activity taking place in our nation.”
Speaking of Soros: “Soros has funneled over $15M to pro-Hamas organizations through Open Society Foundations.” Of course he has.
A jury has found Sam Bankman-Fried, the disgraced founder of FTX, guilty on all seven criminal fraud counts for his role in the crypto exchange’s downfall.
Those counts include wire fraud on customers of FTX, conspiracy to commit wire fraud on customers of FTX, wire fraud on Alameda Research lenders, conspiracy to commit wire fraud on lenders to Alameda Research, conspiracy to commit securities fraud on investors in FTX, conspiracy to commit commodities fraud on customers of FTX, and conspiracy to commit money laundering.
He faces a maximum sentence of 115 years in prison. His sentencing is scheduled for March 28 at 9:30 a.m.
During a month-long trial in a Manhattan federal court, prosecutors claimed Bankman-Fried misled investors and mishandled billions in funds. He was accused of misusing customer funds deposited with FTX to boost his crypto hedge fund, Alameda Research.
Nicolas Roos, an assistant U.S. attorney, said Bankman-Fried committed crimes of “epic proportions.” He alleged during closing arguments that Bankman-Fried built his company on a “foundation of lies and false promises.”
Snip.
Bankman-Fried was a Democrat megadonor, giving nearly $39 million to Democrat-aligned causes during the 2022 election cycle.
Prosecutors said he “misappropriated and embezzled FTX customer deposits, and used billions of dollars in stolen funds for a variety of purposes, including … to help fund over a hundred million dollars in campaign contributions to Democrats and Republicans to seek to influence cryptocurrency regulation,” according to an August indictment.
Both Caroline Ellison, Bankman-Fried’s ex-girlfriend and the former head of Alameda, and FTX co-founder Gary Wang, testified against Bankman-Fried during the trial. Ellison and Wang both pleaded guilty in December to multiple charges.
“The Department of Health and Human Services has sent over $800,000 to a group in Texas where they distribute crack pipes, according to the Dallas Express…The funds were sent to the El Paso Alliance, a non-profit that helps people recover from alcoholism and drug addictions, according to its website.” Knowing what I know about leftwing activists, I’m guessing that $80,000 went to crack pipe distribution, and the rest disappeared into various leftwing pockets.
California is still having trouble managing this newfangled electricity thing. (Hat tip: Instapundit.)
China’s least awful communist official, former Chinese Prime Minister Li Keqiang, just died of a heart attack at age 68, and the CCP is banning memorial wishes for him.
Despite the Texas law against teaching Critical Race Theory, Katy ISD students are being told to reflect on their white privilege.
More than two dozen top U.S. law firms have issued a stern warning that law schools move with “urgency” to address the rising antisemitism on campus, or else it could affect recruitment, National Review has learned.
“Over the last several weeks, we have been alarmed at reports of anti-Semitic harassment, vandalism and assaults on college campuses, including rallies calling for the death of Jews and the elimination of the State of Israel. Such anti-Semitic activities would not be tolerated at any of our firms,” the statement published on Wednesday reads.
“As educators at institutions of higher learning, it is imperative that you provide your students with the tools and guidance to engage in the free exchange of ideas, even on emotionally charged issues, in a manner that affirms the values we all hold dear and rejects unreservedly that which is antithetical to those values,” the letter continued. “There is no room for anti-Semitism, Islamophobia, racism or any other form of violence, hatred or bigotry on your campuses, in our workplaces or our communities.”
Snip.
Signatories included: Akin Gump Strauss Hauer & Feld LLP, Cadwalader, Wickersham & Taft LLP, Cleary Gottlieb Steen & Hamilton LLP, Cravath, Swaine & Moore LLP, Davis Polk & Wardwell LLP, Debevoise & Plimpton LLP, Fried, Frank, Harris, Shriver & Jacobson LLP, Gibson, Dunn & Crutcher LLP, Kirkland & Ellis LLP, Latham & Watkins LLP, McDermott Will & Emery LLP, Milbank LLP, O’Melveny & Myers LLP, Paul Hastings LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Proskauer Rose LLP, Ropes & Gray LLP, Shearman & Sterling, Simpson Thatcher & Bartlett LLP, Skadden, Arps, Slate, Meagher & Flom LLP, Sullivan & Cromwell LLP, Watchtell, Lipton, Rosen, and Katz, Weil, Gotshal & Manges LLP, Norton Rose Fulbright, and Willkie Farr & Gallagher LLP.
Jewish homes in Paris marked with Stars of David. It’s good that sort of thing has never led to any negative outcomes in Europe…
Good: Disney is making it’s live-action Snow White remake a more traditional film, including actual dwarfs rather than random guys. Bad: The CGI dwarfs look absolutely horrible. It’s as though Disney wants to punish movie-goers for rejecting their woke vision…
If you’ve been following this blog for a a while, very little in this Joe Rogan interview with Dave Smith will be new to you. But this is a nice explanation of how the early part of the Russiagate hoax developed if you weren’t paying attention to the blow-by-blow revelations at the time.
They start out with playing Schumer’s famous clip that the intelligence community has “six ways to Sunday” to get back at you.
They go through the foolishness of the Russiagate hoax, the bogusness of the Steele Dossier, the strangeness of the Carter Page wiretap, and the lies made on the FISA application.
Carter Page “was approached by a group of Russians to see if he would turn and work for them. And the CIA were, like, ‘Yes he was, and he came right back to us and told us about it.’ And then when they were putting in the application for the FISA warrant, the FBI said ‘He was approached by these Russians and the CIA confirmed it.'”
“They’re grasping at straws and it’s very clear they’ve weaponized the legal system against this guy.”
It was determined by the powers that be, you know, with the corporate media, the Deep State, all of the establishment, that he was unacceptable. And that’s not new to Donald Trump. There were a lot of candidates who have been determined to be unacceptable. Ron Paul was was unacceptable. Bernie Sanders was unacceptable. Tulsi Gabbard was unacceptable. And you saw the machine weaponized against all of them to keep them out. But Trump beat the machine. The difference is Trump won… the guy who they determined was not acceptable ended up winning. And part of what was so powerful about that is that it kind of destroyed the illusion of inevitability that I think progressives rely on.
“It doesn’t make people reluctant, it makes people more convinced that there’s a conspiracy against him. It makes people more convinced that there’s corruption that’s fighting against him.”
Here’s Joe Rogan shooting a Pit Viper, which is evidently the 2011 model Wick shoots in the film:
“That is the smoothest gun of all time. It doesn’t move. Like it literally doesn’t move, there’s no recoil.”
It does indeed look pretty cool and easy to shoot, but before you rush out to buy one, keep in mind that: A.) It’s not going to be available for sale until May, and B.) It’s going to set you back about seven grand.
Here Colion Noir interviews a rep for Staccato about the differences between the 1911 and the 2011.
Staccato is in Texas, and their 2011 models start at a somewhat more reasonable $2,499.
(Aside: I like Noir, but he does the “yeah,” “uh-hu” noise thing that tells the person he’s talking to “Yes, I’m following you,” which he needs to learn not to do for filmed interviews.)
Is there significant enough difference between a 1911 and a 2011 to justify the nomenclature change? I’m slightly skeptical, but I’ve never fired a 2011. Maybe the difference is night and day.
Would I buy a 2011? Not right now, mainly because I just picked up a Sig Sauer P365 Micro Compact 9mm as a carry gun last year, and even $2,500 is considerably more than I want to spend on a gun right now. But if the prices drift down to around $1,000 over the next few years, I’d definitely give them a more serious look.
A Chinese company based out of Hong Kong which paid at least $3 million to several members of the Biden family has since been revealed to have ties with the ruling Chinese Communist Party (CCP).
According to the Daily Caller, State Energy HK Limited sent $3 million via wire transfer to Robinson Walker LLC, a company run by an associate of the Biden family named John Robinson Walker. The wire transfer took place in March of 2017, shortly after Joe Biden’s term as Vice President came to an end, according to a report released on Thursday by the House Oversight Committee.
One of the direct subsidiaries of State Energy HK is State Energy Group International Assets Holdings Limited (SEIAH). At the time of the wire transfer, SEIAH’s chairman was Ren Qingxin, who previously worked for the CCP as a representative at a business organization.
Shortly after the $3 million transfer, Ren was succeeded in his leadership position by Lei Donghui, who had been a member of the CCP since 2002, where he served as Secretary General of the International Engineering Business Bureau of China State Construction (CSC). CSC has since been designated by the Department of Defense as a “Communist China military company.”
Subsequently, the $3 million sent to Robinson Walker was then transferred to four different members of the Biden family: Joe Biden’s son Hunter, brother James, daughter-in-law Hallie, and a fourth unidentified family member, the Oversight Committee reports. The transfers were sent in several transactions, both to the family members directly and to several of their companies, including Owasco PC, JBBSR Inc, and RSTP II, LLC.
The previously-unknown involvement of Hallie – the widow of Biden’s elder son Beau, who later became Hunter’s girlfriend after Beau’s death – has proven to be one of the biggest bombshells yet in the GOP’s investigations into Biden family corruption.
Dutch Farmer’s Party poised to win 16 or 17 seats in parliament thanks to opposing that country’s mad global warming anti-meat mandates. “The Boer-Burger Beweging (BBB), or Farmer-Citizen Movement, is set to become the largest party in the country’s senate, winning more seats than Prime Minister Mark Rutte’s ruling conservative VVD party.”
Red Guards come to Maine. “Kristen Day said students affiliated with one of RSU 14’s Civil Rights Teams harassed her daughter. When her daughter refused to speak about her sexuality, two students affiliated with the club began to bully her and call her homophobic.” (Hat tip: Stephen Green at Instapundit.)
Eric Weinstein on Joe Rogan about what really happened with Kayne West. He suggests that West’s Hitler comments were simply him trying to channel Thomas à Kempis.
By now I assume that you’ve seen or read about Tucker Carlson’s piece on video footage that fatally undermines much of the Democratic Party’s “January 6th Insurrection” dogma.
Instead of rehashing that (Tucker has a wee bit more media reach than I do), here’s a video of Joe Rogan and Michael Malice reviewing the footage.
The biggest takeaway for me is that, while Rogan and Malice are not conservatives, they are far from people who unquestionably accept left-leaning media at face value. For them to be shocked at things that anyone who was paying attention knew no later than, oh, say, January 7, 2021, that there was no “insurrection” at the capital, just a half-assed riot, is actually somewhat surprising.
The mainstream media lies about so many things, so much of the time, that it’s easy to believe one of their narratives about a situation you simply weren’t paying attention to at the time.
Eternal vigilance is the price of freedom…and evidently truth as well.
Here’s a longer-than-usual LinkSwarm, since last week’s edition was wiped out by the ice storm power outage.
The leftwing corruption of all government institutions continues apace. “US lost 287,000 jobs while government was reporting +1 million in gains.” (Hat tip: Instapundit.)
“That’s because economic growth is slowing down,” explains research fellow EJ Antoni. “Even the areas which contributed positively to gross domestic product (GDP) are not necessarily signs of prosperity. For example, business investment grew at only 1.4 percent in the fourth quarter, but that was almost entirely inventory growth. Nonresidential investment, a key driver of future economic growth, was up just 0.7 percent.”
“Meanwhile, residential investment fell off a cliff,” Antoni continued, “dropping 26.7 percent as consumers were unable to afford the combination of high home prices, high interest rates and falling real incomes. No wonder homeownership affordability has fallen to the lowest level in that metric’s history.”
There was a gain in net exports, but that was largely a mirage created by a major slowdown in international trade. “Imports are simply falling faster than exports, which shows up as an increase in GDP.”
But probably most concerning to Antoni is the sharp decline in real disposable income in 2022, which exceeded $1 trillion.
“This is the second-largest percentage drop in real disposable income ever, behind only 1932, the worst year of the Great Depression,” he observed. “To keep up with inflation, consumers are depleting their savings and burning through the ‘stimulus’ checks they received during 2020 and 2021. Credit card debt continues growing, while savings plummeted $1.6 trillion last year, falling below 2009 levels.”
Boom. “Texas has punted Citigroup from the syndicate that’s set to manage the Lone Star state’s largest-ever municipal bond offering, saying the bank’s policies for gun retailers discriminate against the firearms industry.”
Grand Theft Pollo. The food service director of an impoverished Illinois school district was charged with stealing $1.5 million of food — most of which was chicken wings. Vera Liddell, 66, allegedly began stealing from the Harvey School District during the height of COVID-19.” (Hat tip: Dwight.)
Bill Maher continues to take regular red pills. “The problem with communism and some very recent ideologies here at home, is that they think you can change reality by screaming at it.”
We could be heroes, just for one day. Or once a month, as the case may be…
This week in rapper murders: “Tampa rapper arrested for young mother’s murder days after being acquitted of recording studio double-murder.”
A Tampa jury acquitted Billy Adams of killing two men in a makeshift recording studio in Lutz. He walked free from a Tampa courtroom on January 27.
Three days later, a young mother who was pregnant with her second child was found shot to death in a residential area of New Tampa. Her toddler was still in her vehicle nearby.
A week after her death, Tampa police said Billy Adams “did admit to being the one to pull the trigger.”
Jordan Peterson always makes a great Joe Rogan guest, and the new interview they did last week is no exception.
Discussing the Twitter files, Critical Race Theory and Marxism, victimhood identity politics, postmodern theory, and falseness of reducing everything to power dynamics.
On the World Economic Forum:
“Globalist Utopian Tyranny” is a great phrase.
They follow in the wake of “Paul Ehrlich, in the 1960s, who really believe, really believe, truly, that maybe the planet should only have 500 million people on it.”
There then follows a devastating take-down of the immortality of pushing 350 million of the world’s poorest to the brink of death through higher energy prices in the hope that maybe 100 years from now life for the poor will be better. I encourage you to watch the entirety of this segment for that.
“It’s a little bit too convenient for me that your prescriptions to save the planet are accompanied by this insistence that the only way forward to that is to give you all the power. It’s like there’s a bit of a moral hazard in, that don’t you think?”
“Do you want to save the planet, or do you want the power? And let’s let’s put the second one first, because the probability that you’re a saint or the messiah is pretty damn low. So that’s the danger of the Davos crowd.”
I suspect I’ll be putting up more snippets from this interview sometime this week…
