IMF Sounds Alarm Over US National Debt Insolvency

The astronomical rise in the US national debt poses significant risks to the global economy and threatens to continue fueling high inflation, according to a new warning from the International Monetary Fund.

In its latest Fiscal Monitor, the Washington-based institution said that it expects the U.S. to record a fiscal deficit of 7.1% in 2025 – more than triple the level in other economies.

"Loose fiscal policy in the United States exerts upward pressure on global interest rates and the dollar," Vitor Gaspar, director of the IMF’s fiscal affairs department, told reporters. "It pushes up funding costs in the rest of the world, thereby exacerbating existing fragilities and risks."

Under current policies, public debt in the US is projected to nearly double by 2040. If this trend continues, the Congressional Budget Office anticipates the national debt will grow to an astonishing $54 trillion in the next decade.

Should that debt materialize, it could risk America's economic stability in the world. America would become a third world country with out-of-control price inflation.

The US is one of four countries that needs to critically address fundamental imbalances between spending and revenue.

The US national debt topped $34 trillion in January after a burst of spending by the Biden regime and Congress and is well on its way to surpassing $35 trillion.

The massive amount of spending is igniting price inflation and is undermining financial stability worldwide by increasing global funding costs.

Gold's Catapult Has Been Built, Silver's Is Next

The time has come to cite the many reasons why Gold has risen, and why Gold will continue to launch to much higher levels. The USGovt debt and USTreasury Bond default, in my opinion, deserve the lead factors along with powerful price inflation. These factors are not featured in the press. The Jackass has stated for the last five years, to impatient clients and frustrated colleagues, that the Gold price will not break above the $2000 mark with momentum in a sustained manner until the USGovt debt is widely perceived to be on a crash course toward default. WE ARE THERE, as even the prestigious St Louis Fed has publicly gone on record to call the USGovt debt as unsustainable.

Growing perception of USGovt debt default and USTreasury Bond default. The $34 trillion debt will never be repaid. The borrowing costs are over $1.2 trillion annualized.

Growing perception of monetized USGovt debt and monetized USTBond refunding. A severe shortage of foreign bond investors has become an acute problem.

Growing perception of constant status for higher price inflation. The actual CPI is at least 5% to 6% higher than reported.

Growing trend of grand wealth transfer, from USTreasurys to Gold in banking systems. This phenomenon is an historic factor, seen once per century.

Growing trend by bank depositors to remove funds from banking system, and to invest in the more stable Gold. Individual account holders are very worried.

Progress with BRICS nations in creating non-USD payment systems, which results in heavy volume of USTreasury Bond sales. They are all de-Dollarizing to remove risk.

https://www.zerohedge.com/news/2024-04-19/golds-catapult-has-been-built-silvers-next

State-run Media Gets The OK To Finally Admit The Reality About Ukraine

The US State-run media must have gotten it's cue: Time to let the Pro-Ukrainian nitwits know what's going on! Ukraine is... ehhhh... Losing.

To those of you who read this website and/or listen to my radio show, you've known from the beginning how this would turn out. Ukraine never stood a chance.

The only thing the US and NATO did was ruin years of dialog and cooperation with Russia, run-down our weapons and ammunition stockpiles, erase goodwill from international affairs, and show themselves to be literal thieves by stealing Russia's sovereign wealth money.

Other than that, the Ukraine operation went great... except for the half million Ukrainians who are dead ...and now they've lost.

The people in government who did this, should all be fired, criminally prosecuted and sued into Bankruptcy by families of the war victims, for the war they caused and the loved ones lost.

The military people who advised the politicians that we could assist Ukraine successfully, are factually incompetent and should be relieved of their commands and relived of duty immediately.

The politico story pages say all that needs to be said.

https://halturnerradioshow.com/index.php/en/component/content/article/mass-media-got-the-ok-ukraine-how-it-started-versus-how-its-going?catid=17

Crooked DHS & NGOs Are Working To Rig The US Election With Illegal Foreign Voters

As if treason and the destruction of America's democracy was not already obvious, more proof of treachery against election integrity is leaking out.

The Heritage Foundation's Oversight Project posted an image on Twitter X of what they say is a flyer from a non-governmental organization operating in Mexico encouraging migrants to vote for President Biden once they arrive in the United States: https://twitter.com/OversightPR/status/1780054306454167954

"Reminder to vote for President Biden when you are in the United States. We need another four years of his term to stay open," part of the flyer read.

Flyers distributed at NGO in Mexico encouraging illegals to vote for President Biden: https://twitter.com/OversightPR/status/1780054306454167954

The Oversight Project said the flyer was initially discovered by a Muckraker journalist while touring the site of Resource Center Matamoras in Mexico.

"They [flyers] also appear to be handed out when illegal aliens use the RCM for assistance in coming to the USA," the group said.

RCM founder Gaby Zavala told one of Muckraker's journalists that she is trying to flood the US with as many illegal aliens as possible before former President Trump is reelected.

"RCM bills itself as an operation which houses functions for Hebrew Immigrant Aid Society (HIAS), which helps illegal aliens enter the United States," Oversight Project said, adding that disgraced Homeland Security Secretary Alejandro Mayorkas "is a former board member of HIAS, which received numerous grants from Soros' Open Society Foundation over the years." RCM bills itself as an operation which houses functions for Hebrew Immigrant Aid Society (HIAS), which helps illegal aliens enter the United States.

Supercharged Spying Provision Buried In Terrifying FISA 702 Reauthorization

On Monday, the House finalized procedural business on a bill to reauthorize the nation's warrantless surveillance powers under the Foreign Intelligence Surveillance Act (FISA), which Sen. Ron Wyden (D-OR) called "one of the most dramatic and terrifying expansions of government surveillance authority in history."

"Buried in the Section 702 reauthorization bill (RISAA) passed by the House on Friday is the biggest expansion of domestic surveillance since the Patriot Act. Senator Wyden calls this power “terrifying,” and he’s right," the thread begins.

I’ll explain how this new power works. Under current law, the government can compel “electronic communications service providers” that have direct access to communications to assist the NSA in conducting Section 702 surveillance. In practice, that means companies like Verizon and Google must turn over the communications of the targets of Section 702 surveillance. (The targets must be foreigners overseas, although the communications can—and do—include communications with Americans.) Through a seemingly innocuous change to the definition of “electronic communications surveillance provider,” an amendment offered by House intel committee (HPSCI) leaders and passed by the House vastly expands the universe of entities that can be compelled to assist the NSA.

If the bill becomes law, any company or individual that provides ANY service whatsoever may be forced to assist in NSA surveillance, as long as they have access to equipment on which communications are transmitted or stored—such as routers, servers, cell towers, etc. It also includes commercial landlords that rent out the office space where tens of millions of Americans go to work every day—offices of journalists, lawyers, nonprofits, financial advisors, health care providers, and more.

The amendment even extends to service providers who come into our homes. House cleaners, plumbers, people performing repairs, and IT services providers have access to laptops and routers inside our homes and could be forced to serve as surrogate spies. None of these people or businesses would be allowed to tell anyone about the assistance they were compelled to provide. They would be under a gag order, and they would face heavy penalties if they failed to comply with it.

MY COMMENT: Now that the US government is going full gestapo - thanks to RINO traitors like Mike Johnson - just assume in the near future any service you hire that enters your home cannot be trusted and may be working as spies for the federal government! So I'll tell people what they should do if you need to hire a service: #1 simply unplug the internet modem before they arrive to your home, you do not want them having access to anything modem-related. #2 Any laptop you own should be shut off and put away out of sight with your belongings. If you have a PC just shut if off completely and put the PC tower away, somewhere they won't have any direct access to it! #3 If you have anything else you would not want them to see, throw a tarp over it or hide it, or better yet put it in a locked room where service providers will not have access! It would be wise to keep an eye on them too so no one can easily bug your home. This is the sad state America is in today but it has become the nightmare reality!

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https://www.zerohedge.com/political/supercharged-spying-provision-buried-terrifying-fisa-702-reauthorization

California's Billion Dollar Bailout To Homeless People Ends With MORE Homeless People

California spends an astounding amount of money to "combat homelessness". Presumably.

California has failed to adequately monitor the outcomes of its vast spending on homelessness programs, according to a state audit released Tuesday, raising questions about whether billions of dollars meant to thwart the crisis has been worth it as the number of people living unsheltered has soared.

A new report from the California State Auditor’s Office found that a state council created to oversee the implementation of homelessness programs has not consistently tracked spending or the outcomes of those programs.

“The state must do more to assess the cost-effectiveness of its homelessness programs,” California State Auditor Grant Parks said in a letter sent to Gov. Gavin Newsom and state lawmakers Tuesday accompanying the audit.

I know this is a crazy question to ask, but does all that spending actually do anything to reduce the amount of homelessness?

California has spent $20 billion over the past five years dedicated to the state’s homelessness crisis, including funneling money toward supporting shelters and subsidizing rent. Still, homelessness grew 6% in 2023 from the year prior, to more than 180,000 people, according to federal “point in time” data. Since 2013, homelessness has grown in California by 53%.

The California Interagency Council on Homelessness — created in 2016 to oversee the state’s implementation of programs dedicated to the worsening crisis — has not ensured the accuracy of the information in a state data system and has not evaluated homelessness programs’ success, according to the state auditor.

Out of five state programs analyzed, auditors found that two were likely cost effective: Project Homekey — Newsom’s COVID driven project to convert hotels into housing — and the CalWORKs Housing Support Program, which offers financial assistance and other services to low income residents. The others analyzed, including a state rental assistance program, could not be reviewed because “the state has not collected sufficient data on the outcomes of these programs,” according to auditors.

FLASH ALERT: Avoid All Travel To The Middle East!

The Foreign Ministry of Russia has issued a stark warning to its citizens: Avoid travel to Middle East.

The Russian Foreign Ministry strongly recommends that Russians refrain from traveling to the Middle East region, especially Israel, Lebanon and the Palestinian territories, unless absolutely necessary" Spokeswoman Maria Zakharova told media outlets.

Russia's warning its citizens to not travel to the Middle East is yet another indication of how unstable and dangerous the situation between Israel and Iran has become.

https://halturnerradioshow.com/index.php/en/component/content/article/official-warning-do-not-travel-to-israel?catid=17

UPDATE: International and local companies have suddenly cancelled flights to and from Iran tonight. Turkish mediation to prevent escalation was rejected by Tehran.

All active Iranian army units are on alert and all officers have been called to duty. All vacations have now been cancelled.

The Iranian Revolutionary Guard has canceled the leave of its members and stated it has "entered a state of war."

Iran has stopped all air traffic around Tehran from now until 05:00, local time.

US Fake 'Economy' Will Continue To Collapse As Lying Propagandists Will Tell You Everything Is Fine

One idea has become abundantly clear over the last four years: You can’t add 41% to the money supply and expect inflation to remain “transitory.”

But that’s exactly what the Fed did over two years, after which President Biden picked up the ball in January 2021 and ran with it.

The result has come to be known in the online media as “Bidenomics,” and it hasn’t worked out very well for most Americans. In fact, according to a Redfin survey, people are making major financial sacrifices just to live at a basic level. Economics Research Lead Chen Zhao said:

“Housing has become so financially burdensome in America that some families can no longer afford other essentials, including food and medical care, and have been forced to make major sacrifices, work overtime and ask others for money so they can cover their monthly costs.”

Even worse, some Americans have resorted to skipping meals just to afford their overly-inflated mortgage payments:

“Nearly one in five homeowners and renters reported skipping meals to afford housing in Biden’s economy, according to a new survey conducted by Redfin. The median asking rental price increased from less than $1,700 when Biden took office in January 2021 to nearly $2,000 as of February, according to Redfin’s data.”

But it’s not just housing prices and mortgage payments that have apparently inflated out of control under the Biden regime.

Grocery prices have become a heavy financial burden for many families, with prices overall rising over 40%. Some items cost 50-80% more today than four years ago.

Second Big Insurance Carrier Excludes War Related Injuries From Insurance Coverage

Policyholders with The Cincinnati Insurance Companies are receiving notices about coverage changes pertaining to the threat of full-scale war.

Dr. Ben Tapper (@DrBenTapper1) shared an image on X – see below – showing policy changes that "include a war exclusion."

"Your Commercial Inland Marine Coverage will include a Nuclear, Biological, Chemical and Radiological Hazards Exclusion," the notice further reads.

Earlier this year, we warned that insurance companies were altering their policies to exclude coverage for injuries or sickness caused by war, rioting, insurrection: https://www.naturalnews.com/2024-02-06-health-insurance-exclude-coverage-sickness-war-insurrection.html

Though war exclusions are technically nothing new for insurance carriers, they do have ominous implications for what is soon expected.

In the spring of 1937 when German bombs fell on Guernica, Spain, flattening 70 percent of the town's buildings in less than three hours, property insurers were completely unprepared because they were not expecting such a thing to happen.

"They soon realized it wouldn't take many Guernicas to wipe out the balance sheets," CFC says. "They responded by adding exclusions to policies for acts of war – a move reflected in contracts to this day."

"This time the concern is cyber war – specifically, attacks so catastrophic that they cripple a nation’s ability to function," CFC says. "Lloyd's of London have mandated the exclusion of such scenarios from March 31st of this year. Some in the market are resisting the move."

Iran Just Gained Much Needed War Defense Intel On Israel, Jordan, US & UK

At 8:30 AM eastern US Time on Sunday, Israel's War Cabinet will convene a meeting in an Army Bunker, not its regular meeting place at the Prime Minister's Office.

The meeting will discuss an Israeli "response" to yesterday's Iran Response, to the April 1st attack by Israel upon the Iran Embassy Compound in Damascus, Syria.

President Joe Biden has reportedly told Israeli Prime Minister Benjamin Netanyahu, "The United States will NOT participate in any Israeli attack upon Iran."

According to several sources inside Israel, after being told that, Netanyahu "vetoed" a response plan previously approved by the War Cabinet.

As such, this morning's meeting will likely be very frustrating for the Israelis since they apparently can't get the United States to fight Iran for them.

Yesterday's launch of Drones, Cruise Missiles, and Ballistic missiles by Iran, marked the first time in history that Iran directly attacked Israel. It's never happened before.

This event has changed the Middle East, in many ways, forever.

First, the "awe" of Israeli military power, has been dimmed by Iran. While US, UK, and Israeli planes were able to down ALL drones launched by Iran, and Israel's "David's Sling" and "Arrow" missile defenses were able to down ALL cruise missiles fired by Iran, at least seven (7) Iranian BALLISTIC missiles, got thru and struck Israel.