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Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury To Employ ‘Extraordinary Measures’

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Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury To Employ ‘Extraordinary Measures’

Authored by Tom Ozimek via The Epoch Times,

Treasury Secretary Janet Yellen has warned that the United States will hit its statutory debt ceiling around the middle of January, a development she said will prompt the Treasury to resort to “extraordinary measures” to prevent the government from defaulting on its obligations.

Yellen outlined the looming fiscal challenge in a Dec. 27 letter to congressional leaders, urging them to act to protect the nation’s economic credibility and preserve fiscal stability.

She noted that the Fiscal Responsibility Act of 2023 temporarily suspended the debt ceiling through Jan. 1, 2025, enabling lawmakers to avert default during contentious budget negotiations. A day after that deadline—on Jan. 2—a new debt limit will be set based on the total amount of outstanding debt subject to the statutory limit as of the end of Jan. 1. Yellen noted that the debt is projected to temporarily decrease by $54 billion on that date due to scheduled Medicare trust fund redemptions, providing a brief reprieve before extraordinary measures become necessary.

“Treasury currently expects to reach the new limit between January 14 and January 23, at which time it will be necessary for Treasury to start taking extraordinary measures.” Yellen wrote.

Extraordinary measures, often described as accounting maneuvers, allow the Treasury to free up cash and delay default. These measures, however, are a short-term solution. Once exhausted, they leave the government unable to meet its financial obligations without congressional intervention. Yellen emphasized the urgency of action, warning that a failure to address the debt ceiling would severely damage the nation’s economic credibility.

“I respectfully urge Congress to act to protect the full faith and credit of the United States,” she wrote.

Yellen’s warning comes as the national debt has climbed to a staggering $36 trillion, driven by decades of government spending outpacing tax revenue under both Republican and Democratic administrations. High inflation that soared after the pandemic led the Federal Reserve to hike interest rates, increasing borrowing costs and debt service payments.

The Committee for a Responsible Federal Budget (CRFB) recently noted that interest payments on America’s public debt have nearly tripled since 2020 and in 2024 were higher than spending on Medicare and national defense. The nonprofit estimated that interest payments will continue climbing over the next decade and beyond, exceeding Social Security spending by 2051 to become the top expense.

“The alarm bells are clearly ringing when it comes to our unsustainable national debt,” CRFB analysts wrote in the note. “Policymakers should put in place reforms that reduce the growth of debt and stabilize it as a share of the economy before interest and debt spiral further out of control.”

President-elect Donald Trump has proposed eliminating the debt ceiling altogether, or at least extending it through 2029, a move that would give his incoming administration more breathing room by avoiding repeated debt cap standoffs on Capitol Hill.

Congress first established a debt limit of $45 billion in 1939 and has since raised it 103 times as government spending has consistently exceeded tax revenue. As of October 2024, publicly held debt hit 98 percent of the U.S. gross domestic product, according to the Congressional Budget Office (CBO), a sharp increase from 32 percent in October 2001. CBO projects that public debt will rise to 122 percent of gross domestic product in 2034.

Maya MacGuineas, president of CRFB, warned in a recent statement that the risks of rising debt include slower economic growth, higher inflation, and constrained fiscal flexibility that would hamper the government’s ability to respond to economic downturns or global crises.

Tyler Durden
Sun, 12/29/2024 – 18:05

Your Brain Flushes Out Waste Every Night… Here’s How To Help It Clean Up

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Your Brain Flushes Out Waste Every Night… Here’s How To Help It Clean Up

Authored by Flora Zhao via The Epoch Times (emphasis ours),

As we fall asleep, the brain begins clearing out waste.

It operates like a late-night laundry service, with all the water valves opened and washing machines running at full capacity to remove dirt from piles of clothes, flushing the wastewater into the drain.

Illustration by The Epoch Times, Shutterstock

The brain continuously produces various wastes, and if these are not cleared in time, we feel it. The signs can range from feeling foggy and fatigued to experiencing cognitive impairment.

Fortunately, efforts can be made to optimize waste clearance during the night.

Flush the Waste

The human brain is one of the most metabolically active organs, accounting for about 20 percent of the body’s total energy expenditure. This high level of activity generates significant waste. Smaller byproducts, such as carbon dioxide, urea, and ammonia, diffuse into capillaries and are cleared through the bloodstream. Larger neurotoxic proteins—including beta-amyloid and tau, both widely associated with an increased risk of Alzheimer’s disease, cannot be eliminated through the bloodstream alone due to their size.

In the past, it was believed that the brain lacked a lymphatic system to remove waste and relied solely on internal mechanisms for clearance.

However, in 2012, researchers discovered a specialized mechanism within the brain, analogous to the lymphatic system and capable of flushing out larger waste products from deep within the brain. This system was named the glymphatic system, a portmanteau of “glial” (referring to glial cells) and “lymphatic.” It is also known as the pseudo-lymphatic system.

How the brain removes waste through the glymphatic system. Illustration by The Epoch Times

Surrounding the arteries in the brain is a sheath-like structure, with cerebrospinal fluid flowing through the space between the artery and this sheath. During sleep, the brain’s blood vessels constrict, increasing the space between the vessels and the sheath, which allows more cerebrospinal fluid to flow in. As the arteries pulse, the cerebrospinal fluid is pumped through brain tissue, flushing out waste—such as beta-amyloid and tau proteins—from the deeper spaces between brain cells, eventually clearing it from the brain.

Deep Sleep

“Waste-removing processes in the brain barely operate during wakefulness. It is very much a process that occurs in our deep-sleep stages,” Moira Junge, who holds a doctorate in health psychology and is the CEO of the Sleep Health Foundation in Australia and an adjunct clinical associate professor at Monash University, told The Epoch Times.

Sleep is divided into two states: rapid eye movement (REM) sleep and nonrapid eye movement (NREM) sleep. NREM makes up 75 percent of total sleep time and is further divided into three stages, N1, N2, and N3—each reflecting progressively deeper levels of sleep.

During N3, brainwaves are at their slowest.

“It’s such a deep sleep that you’re not easily disturbed by the external environment; for example, you don’t hear the dog barking outside nor hear your partner come to bed,” Junge said.

During sleep, the body moves through the stages sequentially, forming a complete sleep cycle lasting around 90 minutes. Throughout the night, a person typically experiences four to five sleep cycles.

The stages of sleep. Illustration by The Epoch Times

The glymphatic system becomes more active during sleep, especially during deep sleep, allowing for more effective waste clearance, said psychiatrist Dr. Jingduan Yang, founder of the Yang Institute of Integrative Medicine in Pennsylvania.

In a mouse study published in Science, researchers used tracers to monitor changes in cerebrospinal fluid flow. They found that during sleep, the interstitial, or intervening, space expanded by more than 60 percent, and the tracer influx increased. The brain’s clearance rate of beta-amyloid doubled during sleep (or under anesthesia) compared to the awake state.

Accumulated Beta-Amyloid

Unfortunately, Americans today are sleeping less than ever.

In 2023, 42 percent of Americans perceive that they get enough sleep, according to Gallup’s December 2023 poll. One in five people sleep fewer than five hours a night—compared to just 3 percent in 1942.

Shorter sleep duration can also be attributed to people going to bed increasingly later. One study found that delaying bedtime by just one hour reduces total sleep by 14 to 33 minutes each night.

In addition to going to bed later and sleeping less, we are also not sleeping well. According to the American Psychiatric Association, more than 50 million people in the United States suffer from chronic sleep disorders like insomnia and sleep apnea.

These issues directly reduce and disrupt deep sleep, shortening the critical window during which the glymphatic system works at peak efficiency. This, in turn, leads to greater waste accumulation in the brain.

People reporting less adequate sleep and more sleep problems had greater amyloid burden in Alzheimer’s disease-sensitive brain regions.

A 2021 human study found that even a single night of sleep deprivation can impair the brain’s ability to clear waste.

An earlier clinical trial showed that despite the expected relatively sizeable interindividual variation in levels of a type of amyloid-beta, the average beta-amyloid accumulation from three morning samples of unrestricted sleep was 6 percent lower than that of three evening samples.

In comparison, participants who stayed awake for 24 hours exhibited amyloid-beta levels up to 75.8 picograms per milliliter higher. This demonstrated that unrestricted sleep reduced amyloid-beta proteins but that sleep deprivation counteracted this effect. Furthermore, the longer the sleep duration—provided it was not excessive—the greater the reduction in beta-amyloid biomarkers.

Read the rest here…

Need help sleeping? Click here…

Melatonin, Magnesium, Tryptophan, GABA, 5-HTP, Ashwagandha and more

Tyler Durden
Sun, 12/29/2024 – 17:30

Musk Appears To Soften Pro-Foreign Worker, H-1B Visa Stance Amid Online Spat

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Musk Appears To Soften Pro-Foreign Worker, H-1B Visa Stance Amid Online Spat

Authored by Jack Phillips via The Epoch Times,

Tesla billionaire and X owner Elon Musk appeared to soften his stance on H-1B visas on Saturday night after saying he’d “go to war” for the visas, amid an ongoing online spat over immigration and the tech industry.

Tensions erupted between wealthy members of the tech world, including Musk and fellow entrepreneur Vivek Ramaswamy and their call for what they describe as highly skilled workers in their industry by using H-1B visas, and Trump supporters who have long championed more stringent immigration policies to give priority to American workers.

On Saturday night, Musk responded to a mega-thread on social media platform X that criticized how H-1B visas are being used.

“Easily fixed by raising the minimum salary significantly and adding a yearly cost for maintaining the H-1B, making it materially more expensive to hire from overseas than domestically,” he wrote.

“I’ve been very clear that the program is broken and needs major reform.”

Musk was responding to a remark from investor Robert Sterling, who said that:

“America needs to be a destination for the world’s most elite talent. But the H-1B program isn’t the way to do that.”

The H-1B visa program allows up to 65,000 highly skilled foreign workers annually, plus 20,000 foreigners who obtained an advanced degree from a U.S. institution, to fill specialized roles in the U.S. workforce.

Separately, Musk has been accused of censorship from conservatives after multiple prominent accounts that criticized his views on immigration and H-1B visas lost access to premium features.

Laura Loomer, a conservative activist and independent journalist who has long backed President-elect Donald Trump, wrote on X in multiple posts over the weekend that the social platform demonetized her account of more than 1.4 million followers. Her account appears to now lack a verified blue check mark.

Loomer said that it was because she posted comments that were critical of Musk and his allies’ views on immigration as well as H-1B visas.

“Why are X users who pay for @premium having their posts listed as ‘probable spam’ on my posts @elonmusk?” she wrote late on Saturday. “This is censorship. I understand you don’t like me, but this is nothing but retaliatory censorship?”

Last Tuesday, Loomer criticized tech billionaires for descending “upon Palm Beach” as Trump works on his transition team at Mar-a-Lago. Two days later, Musk responded by saying: “Loomer is trolling for attention. Ignore.”

Later that week, she said that her account lost access to premium features.

Others who also said their accounts lost premium access include InfoWars host and Jan. 6 defendant Owen Shroyer, New York Young Republican Club president Gavin Wax, and the ConservativePAC, which all have hundreds of thousands of followers apiece.

“My verification badge is now under review. Weird! Didn’t change anything,” wrote Wax, who also spoke out against H-1B visas. As of Sunday, however, Wax appears to have had his verification badge restored.

“All of our influencers have now lost verification status, as well as our own page,” the Trump-supporting ConservativePAC wrote. “Our brand did nothing. We spoke out against HB1 visas and it appears that @elonmusk intentionally shut us down? Is this the new status quo from America’s ‘most free’ social media platform?”

So far, Musk has not publicly responded to the recent accusations of censorship on X. The Epoch Times contacted the platform for comment but received no response as of Sunday.

Musk and Ramaswamy, who were tapped to head the Trump-backed Department of Government Efficiency (DOGE), engaged in X infighting over whether immigrants who come to work at U.S. tech companies on H-1B visas or Americans would be better tech workers. Ramaswamy, in particular, drew ire for a lengthy post the day after Christmas that appeared to criticize a caricature of American culture.

“A culture that celebrates the prom queen over the math olympiad champ, or the jock over the valedictorian, will not produce the best engineers,” Ramaswamy wrote. “A culture that venerates Cory from ‘Boy Meets World,’ or Zach & Slater over Screech in ‘Saved by the Bell,’ or ‘Stefan’ over Steve Urkel in ‘Family Matters,’ will not produce the best engineers.”

Musk appeared to echo his sentiments, writing in a post that the “number of people who are super talented engineers AND super motivated in the USA is far too low.” A number of pro-Trump accounts took umbrage with Musk’s and Ramaswamy’s comments.

On Saturday, meanwhile, Trump weighed in on the controversy and appeared to back Musk and Ramaswamy, telling the New York Post that he supports the H-1B program.

“I have many H-1B visas on my properties. I’ve been a believer in H-1B. I have used it many times. It’s a great program,” said Trump, although the president-elect had restricted access to such visas during his first term in office.

Tyler Durden
Sun, 12/29/2024 – 16:20

Jimmy Carter, 39th US President, Dead At 100

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Jimmy Carter, 39th US President, Dead At 100

The Washington Post reports that the 39th US president, Jimmy Carter, passed away on Sunday at his home in Plains, Georgia.

James E. Carter III, the son of the former president, confirmed that his father passed away earlier today at the age of 100.

He was the oldest living US president in history. Although his son confirmed the death, he did not provide an immediate cause. 

Here’s more from WaPo:

In a statement in February 2023, the Carter Center said the former president, after a series of hospital stays, would stop further medical treatment and spend his remaining time at home under hospice care. He had been treated in recent years for an aggressive form of melanoma skin cancer, with tumors that spread to his liver and brain.

He was predeceased by his wife, Rosalynn Carter, who died in November 2023 at 96. He is survived by his four children, 11 grandchildren, and 14 great-grandchildren.

Carter entered politics in the 1960s as a Democrat at the state level. By the 1970s, he had been elected governor of Georgia. He served as US president for one term, from 1977 to 1981.

WaPo noted, “When Mr. Carter left Washington in January 1981, he was widely regarded as a mediocre president, if not an outright failure,” adding, “The list of what had gone wrong during his presidency, not all of it his fault, was long. It was a time of economic distress, with a stagnant economy and stubbornly high unemployment and inflation.”

Correct. 

Carter became the oldest living US president following the death of George H. W. Bush in late 2018 at the age of 94. In recent years, he maintained a low profile due to the Covid pandemic and had been in hospice care for over a year.

The non-profit ‘Carter Center’ also confirmed the passing of the former president:

Jimmy Carter, 39th president of the United States and winner of the 2002 Nobel Peace Prize, died peacefully Sunday, Dec. 29, at his home in Plains, Georgia, surrounded by his family. He was 100, the longest-lived president in U.S. history.

President Carter is survived by his children — Jack, Chip, Jeff, and Amy; 11 grandchildren; and 14 great-grandchildren. He was preceded in death by his beloved wife, Rosalynn, and one grandchild.

“My father was a hero, not only to me but to everyone who believes in peace, human rights, and unselfish love,” said Chip Carter, the former president’s son. “My brothers, sister, and I shared him with the rest of the world through these common beliefs. The world is our family because of the way he brought people together, and we thank you for honoring his memory by continuing to live these shared beliefs.”

There will be public observances in Atlanta and Washington, D.C., followed by a private interment in Plains, Georgia. The final arrangements for President Carter’s state funeral, including all public events and motorcade routes, are still pending.

*Developing… 

Tyler Durden
Sun, 12/29/2024 – 16:17

A Decade Of McFlation

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A Decade Of McFlation

Fast food joints used to be the go-to choice for convenient, budget-friendly meals, but over the years, they’ve becoming increasingly tough on the wallet.

One major franchise that has seen substantial price hikes over the past decade is none other than the Golden Arches. This visualization, via Visual Capitalist’s Kayla Zhu, shows the price increase of 10 McDonald’s menu items from 2014 to 2024.

The data comes from Finance Buzz and was accessed in May 2024.

FinanceBuzz analyzed menu prices from 2014, 2019, and 2024 for 10 items available consistently across those years, sourcing data from menu price websites, restaurant official sites, and archived records via the Wayback Machine. Additional adjustments were made to account for franchise pricing variations.

McRaising the Prices

Below, we show the price increases of 10 different McDonald’s menu items according to Finance Buzz.

McDonalds is by far the industry leader in fast food, and they’ve also led the way in terms of menu price increases this past decade, according to Finance Buzz.

Among the restaurants Finance Buzz measured inflation for, McDonald’s was the top of the list with a 100% average price increase across 10 different menu items since 2014.

Four of their menu items have more than doubled in price since 2014, including their McDouble burger, medium fries, and Quarter Pounder with Cheese meal, which used to cost $5.39 and will now run customers back almost $12.

The McChicken sandwich saw the greatest price increase, almost tripling in price from $1.00 in 2014 to $2.99 in 2024.

To learn more about fast food inflation over the years, check out this graphic that shows the average price increase of 10 menu items of 10 American fast food chains.

Tyler Durden
Sun, 12/29/2024 – 15:45

Ukraine Receives First Ever Natural Gas Shipment From US As It Cuts Energy Ties With Russia

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Ukraine Receives First Ever Natural Gas Shipment From US As It Cuts Energy Ties With Russia

Authored by Tom Ozimek via The Epoch Times,

Ukraine has received its first-ever shipment of liquefied natural gas (LNG) from the United States, marking a pivotal step in Ukraine’s efforts to cut energy supply ties with Russia amid dismal relations between the two warring neighbors.

The LNG shipment—around 45,000 tons—was delivered to Ukraine via a Greek terminal in the Mediterranean on Dec. 27, according to DTEK, Ukraine’s largest private energy firm. While the United States supplies roughly 40 percent of Europe’s LNG imports, this is the first direct purchase of U.S.-sourced LNG by Ukraine.

While European countries have been reducing their reliance on gas imports from Russia since its invasion of Ukraine in 2022, LNG transiting Ukrainian territory still accounts for roughly 5 percent of the European Union’s (EU) imports.

“The arrival of this LNG cargo is a clear signal of DTEK’s determination to play its part in strengthening Ukraine and Europe’s energy security,“ DTEK CEO Maxim Timchenko said in a statement.

”Cargoes like this are not only providing the region with a flexible and secure source of power, but are further eroding Russia’s influence over our energy system. We are very grateful to the United States for the strategic contribution it is making to Europe’s energy security with such shipments.”

In a few days, a five-year deal for Russian gas flows to Europe, which transit through Ukraine, is set to expire on Dec. 31. Russian President Vladimir Putin said in a televised briefing on Dec. 26 that time has run out for a new gas transit deal with Ukraine, which brings LNG to Slovakia, the Czech Republic, and Austria.

“They announced that they would not renew the contract,” Putin said, saying that Ukraine was punishing Europe by its refusal to extend the transit agreement.

“There is no contract and it is impossible to conclude it in 3-4 days,” Putin said, adding that Russia was prepared to supply gas to Europe via Poland through the Yamal-Europe pipeline.

Ukraine’s Prime Minister Denys Shmyhal said in mid-December that Kyiv was prepared to devise an agreement to transit gas through its territory to Europe, and he ruled out extending any existing deal with Russia.

Friday’s shipment is the first of a number of expected LNG deliveries from the United States to Ukraine, according to DTEK, which in June signed a deal with U.S. energy group Venture Global for gas shipments through the end of 2026 from Venture Global’s Plaquemines facility. Additionally, DTEK will be buying up to 2 million tonnes per year of LNG from Venture Global’s CP2 facility over the next 20 years.

“With this landmark agreement, we will help bolster Ukraine’s security of natural gas supply, aid continued recovery and economic growth in the region, and further strengthen European energy security,” Mike Sabel, CEO of Venture Global, said in a statement.

Friday’s first-ever shipment of U.S.-sourced LNG to Ukraine followed President-elect Donald Trump’s recent threat to impose tariffs on EU countries if they don’t buy more oil and gas from the United States.

Trump’s tariff threat targeted the EU–U.S. trade deficit in favor of Europe, which in 2023 amounted to around $57 billion.

Tyler Durden
Sun, 12/29/2024 – 15:10

New Israeli Airstrikes Near Damascus Kill 11: War Monitor

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New Israeli Airstrikes Near Damascus Kill 11: War Monitor

The government in Damascus has changed, but Israel’s relentless aerial assaults on Syria have not. A Sunday Israeli strike targeted an old army weapons depot northeast of the capital.

“An Israeli airstrike in the outskirts of Damascus on Sunday killed 11 people, according to a war monitor, as Israel continues to target Syrian weapons and military infrastructure even after the ouster of former President Bashar Assad,” reports The Associated Press.

Via Mehr News Agency

The depot which was struck has been described as belonging to “Assad’s forces” in the industrial town of Adra. But Israel has been known to launch massive strikes in heavily populated areas, resulting typically in significant civilian casualties.

In the days and weeks after the December 8 takeover of the country by anti-Assad jihadist group Hayat Tahrir al-Sham (HTS), Israel has conducted hundreds of attacks seeking to degrade and destroy the national stockpile of weapons and advanced anti-air defenses.

Syria under the Assad government was known as having the most advanced air defense missile system in the region, having long been supplied by Russia.

Israel has used the opportunity of Assad’s ouster to permanently decimate Syria’s sophisticated weapons systems, including large-scale bombings of chemical weapons research centers, the main locations which are on the outskirts of Damascus.

This is also to prevent the return of Iranian forces to the country, and perhaps to ensure that whatever government rules Syria years from now can have no access to ‘Weapons of Mass Destruction’.

At this point, Israeli tanks are a mere 20 miles from Damascus, and the Israeli military has seized Syrian land which extends out from the Golan Heights.

Adra saw heavy fighting throughout many years of the war in Syria, and at one point was occupied by al-Qaeda…

Israel also plans to indefinitely occupy the Syrian side of Mt. Hermon which is the highest mountain in the region and a strategic geographic height. Its leadership has claimed this is necessary to establish a security buffer zone.

Tyler Durden
Sun, 12/29/2024 – 14:35

“The Bond Markets Are Revolting” – Ed Dowd Exposes Biden Admin’s “Incompetence… Or Fraud”

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“The Bond Markets Are Revolting” – Ed Dowd Exposes Biden Admin’s “Incompetence… Or Fraud”

Via Greg Hunter’s USAWatchdog.com,

Former Wall Street money manager and financial analyst Ed Dowd of phinancetechnologies.com is back with more data on how the Biden Administration propped up a failing economy during the 2024 election year. 

Dowd contends “crisis level spending” was being administered, along with some bigtime “fraud.” 

Dowd says, “We had 10% deficit to GDP during the Great Financial Crisis (2008 – 2009) when we actually had a crisis.  We had 8% deficit to GDP during this election year.  You have to ask yourself, what was the crisis?” 

“The crisis was to get the Biden Administration (and Kamala) re-elected.  So, they went on binge spending.  They borrowed from the future to try to ensure they won.  

They did it two ways:  They hired massive amounts of government personnel to float the economy, and they also did illegal immigration. 

We are thinking it was 10 million to 15 million illegal immigrants that came in the last four years.  The majority of the illegal immigrants came in the last two years.  That stimulated the economy and raised the velocity of money as those people were given money. 

All the NGO’s that facilitated the illegal immigration also got money, and that stimulated the economy.  This deficit added $2 trillion, and that was unproductive assets.  So, we borrowed from the future to create more government jobs and imported unprecedented amounts of illegal immigrants that don’t add to the economy. 

That’s what we have, and President Trump’s policies are going to reverse all that sugar juice.  There are going to be mass deportations and reduced government spending. 

That short term juice is going away, and it was not sustainable anyway.  The bond markets are revolting, and that could not have gone on much longer.”

But it was not just massive money printing and debt creation that hid how bad the real economy was, it was very crooked data.  Dowd says,

“We also had bureaucratic incompetence or fraud or whatever you want to call it.  They were padding the non-farm payroll numbers to the tune of 1.25 million jobs…

If you look at the chart, which we don’t have here, it’s insane. 

It’s one of the biggest misses between reality and estimates we have ever seen. 

It’s a seven-sigma event.  It’s 1.25 million jobs.  It’s already started downward revisions…

The 3rd quarter GDP of 3% will be revised down, and when we get . . . the data in February, there will be more GDP economic revisions down. . . . The capital markets made bad decisions on this data.  The Fed made bad decisions on this data, and corporations made bad decisions on this data.  The price tag is coming due in 2025.  Not only that, but we have a slowing economy across the globe…

The amount of foreign assets in our stock market has never been higher, and this is all going to reverse.  The price will be paid in 2025. . . .What’s coming is coming.  It’s how low do we go, and when do the animal spirits kick in?  So, there is pain coming, and it’s up to the Trump Administration to get all their policies enacted.  Then we have a hope and a prayer coming out the other side that we will be way better off. 

The bottom line is there is pain coming regardless.  The question is how fast can we restart with Trump’s policies?”

Dowd likes gold as part of a portfolio, and he is suggesting people get some cash in hand. 

Dowd says the war in Syria is going to intensify, and you will be hearing much more negative news from that area in 2025. 

Dowd, who wrote the popular book “Cause Unknown: The Epidemic of Sudden Deaths in 2021, 2022 and 2023,” says the epidemic caused by the CV19 injections will be with us for the rest of our lives. 

Dowd released new data that added 800,000 people to the 4 million disabled we already had since the CV19 mRNA vax began.  Dowd says,

“The other thing that is going on is the increase in cancers.  Science is following up . . . There is cancer causing agents in the mRNA vaccines, and we are seeing cancers on the rise. . . . There are new (medical insurance) claims among young workers, especially cancer claims. . . .

Insurance rates are going up across the board. 

The answer to what is going on is to raise prices.  They are not differentiating between the vaxed and unvaxed.  So, everybody’s prices are going up.  Health insurance is going to become unaffordable for most people.”

There is much more in the 48-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with money manager and investment expert Ed Dowd, author of the updated book called “Cause Unknown: The Epidemic of Sudden Deaths in 2021, 2022 and 2023” for 12.28.24.  The “sudden deaths” are still happening at epidemic levels!!

*  *  *

To Donate to USAWatchdog.com click here

You can order Dowd’s updated book called “Cause Unknown” by clicking here.

If you want to go to Dowd’s website called PhinanceTechnologies.com, click here.

(Be on the lookout for his new groundbreaking economic report coming out in January.)

Dowd’s work on compiling data on deaths, disabilities and injuries caused by the CV19 bioweapon/vax is all free at his website called HumanityProjects.info. You can see the data by clicking here, and you can donate to the HumanityProjects.info by clicking here.

Tyler Durden
Sun, 12/29/2024 – 14:00

US Homelessness Epidemic Explodes Under Biden-Harris

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US Homelessness Epidemic Explodes Under Biden-Harris

The latest Annual Homelessness Assessment Report, released by the Department of Housing and Urban Development (HUD), reveals that homelessness across the United States has surged to record highs during the Biden-Harris administration. This is largely attributed to the ongoing housing affordability crisis. Additionally, Biden-Harris’ disastrous open southern border policies unleashed untold millions of illegal aliens, compounding the problem as Democrat-run cities are giving free hotel rooms to illegals while their own homeless populations suffer.

HUD’s report found 770,000 people were ‘experiencing homelessness’ on a single night in January 2024, an 18% jump from 2023 figures. This number does not include the nation’s entire homeless population because some stay with friends or family. 

The figure follows a dramatic 12% rise in homelessness in 2023, and is the highest since the country began using the yearly point-in-time survey in 2007. 

“Migration had a particularly notable impact on family homelessness, which rose 39% from 2023-2024,” HUD wrote in the report. 

HUD continued, “In the 13 communities that reported being affected by migration, family homelessness more than doubled. Whereas in the remaining 373 communities, the rise in families experiencing homelessness was less than 8%.” 

Massively concerning is that 150,000 children experienced homelessness, a 33% jump in 2024 when compared to the prior year. The report does not separate the number of homeless immigrants vs. US citizens.

Robert Marbut Jr., the former executive director of the US Interagency Council on Homelessness from 2019 to 2021, told AP News the latest HUD figures over the past four years are “disgraceful.” 

“We need to focus on treatment of substance use and mental illness, and bring back program requirements, like job training,” Marbut said in an email response to the media outlet.

Besides Biden-Harris importing the third world to the first world and the worsening housing affordability crisis amid the government-sparked inflation storm, HUD blamed some of the homelessness on natural disasters. 

HUD’s data is nearly a year old, and both the housing affordability crisis and illegal alien invasion have persisted. 

Of note, more than half of people experiencing homelessness nationwide resided in just four states: California, New York, Florida, and Washington. 

Gavin Newsom failed California. 

Big sigh! 

This latest report should come as no surprise to readers already aware that “America’s Homeless Population Reaches Record High Under Biden-Harris Admin” and that the economy is in far more dire straits than the government has acknowledged (thank the BLS statisticians).

Tyler Durden
Sun, 12/29/2024 – 13:25

Pandemic Hawks Circle Dr. Jay: Pundits Launch Attacks On Bhattacharya Ahead Of Confirmation Hearings

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Pandemic Hawks Circle Dr. Jay: Pundits Launch Attacks On Bhattacharya Ahead Of Confirmation Hearings

Authored by Jonathan Turley,

For those who opposed the censorship and cancel campaigns during the pandemic, Dr. Jay Bhattacharya became an iconic figure of resistance. Unfortunately, the same can be said of the anti-free speech movement and pandemic hawks. Bhattacharya, who co-authored the Great Barrington Declaration and was a vocal critic of COVID-19 policies, has been nominated as the next head of the National Institutes of Health. As I wrote this weekend in my column, the nomination was heralded by many as a turning point for the NIH. It is also a rallying cry for those who supported the earlier measures, as shown by a hit piece in Scientific American, accusing him of being a danger to the very lives of American citizens.

Bhattacharya was censored, blacklisted, and vilified for the last four years due to his opposing views on health policy, including opposing wholesale shutdowns of schools and businesses. He was recently honored with the prestigious “Intellectual Freedom” award from the American Academy of Sciences and Letters.

Before the pandemic, Bhattacharya was one of the most respected scientists in the world and served as the director of Stanford’s Center for Demography and Economics of Health and Aging.

That all changed when he dared to question the science behind pandemic policies, including suggesting that natural immunity would be as good if not better protection for young healthy individuals.

It did not matter that positions once denounced as “conspiracy theories” have been recognized or embraced by many.

Some argued that there was no need to shut down schools, which has led to a crisis in mental illness among the young and the loss of critical years of education. Other nations heeded such advice with more limited shutdowns (including keeping schools open) and did not experience our losses.

Others argued that the virus’s origin was likely the Chinese research lab in Wuhan. That position was denounced by the Washington Post as a “debunked” coronavirus “conspiracy theory.” The New York Times Science and Health reporter Apoorva Mandavilli called any mention of the lab theory “racist.”

Federal agencies now support the lab theory as the most likely based on the scientific evidence.

Likewise, many questioned the efficacy of those blue surgical masks and supported natural immunity to the virus — both positions were later recognized by the government.

Others questioned the six-foot rule, which shut down many businesses, as unsupported by science. In congressional testimony, Dr. Anthony Fauci recently admitted that the rule “sort of just appeared” and “wasn’t based on data.” Yet not only did it result in heavily enforced rules (and meltdowns) in public areas, but the media further ostracized dissenting critics.

Again, Fauci and other scientists did little to stand up for these scientists or call for free speech to be protected. As I discuss in my new book, “The Indispensable Right,” the result is that we never really had a national debate on many of these issues and the result of massive social and economic costs.

Now, those who supported these policies are gathering to oppose Bhattacharya.

It is hardly surprising that one of the first hit pieces came from Scientific American. The magazine not only helped lead the mob response to the pandemic but has also been criticized for abandoning neutrality in recent elections.

Only a few weeks ago, editor-in-chief Laura Helmuth posted a raving, profanity-laden meltdown on social media in which effectively called over 77.3 million Americans who voted for President-elect Donald Trump both “fascists” and bigots.

Now the magazine has published an article by Dr. Steven Albert, a professor and the Hallen Chair of Community Health and Social Justice at the University of Pittsburgh’s School of Public Health.

Two specific attacks stand out in the piece.

The “Personal Pique” of Censorship

First, Dr. Albert suggests that Dr. Bhattacharya was never actually censored. He insists that what Bhattacharya calls censorship was merely the fact that “social media venues … dropped his messaging.” It is curious wording and it is not quite clear what Dr. Albert is trying to say.

When Albert’s article appeared, various other outlets advanced the same claim. For example, MSNBC (which also was a leading outlet in the attacks on skeptics and dissenters during the pandemic) mocked the claim that Bhattacharya was censored.

“The problem is there’s basically zero evidence to support Bhattacharya and his supporters’ claims of censorship. It is true that some internet sites appeared to remove or limit access to the document. But, as with medical professionals not being sure how best to handle Covid, the same was true of social media companies, which struggled with how best to handle the spread of potentially dangerous information that could have resulted in harm to users.

Many companies chose, of their own free will and as they were allowed as private actors, to downplay certain information that they felt might do more harm than good. That is their own First Amendment-protected right as private entities in the United States.”

The article goes on to suggest that there is no proof of censorship without government direction or control.

As the ACLU has long maintained, censorship occurs in both private and governmental forums. The same figures insist that, if there is no violation of the First Amendment (which only applies to the government), there is no free speech violation. The First Amendment was never the exclusive definition of free speech. Free speech is viewed by many of us as a human right; the First Amendment only deals with one source for limiting it. Free speech can be undermined by private corporations as well as government agencies.

There is also ample evidence of government officials pushing social media companies to censor pandemic critics. MSNBC simply excuses the censorship by saying that these companies “struggled with how best to handle the spread of potentially dangerous information that could have resulted in harm to users.” In reality, the censorship itself cost the nation greatly. We never had the type of debate that we need on the efficacy of natural immunities, masks, or other precautions. We never explored the science supporting the six-foot rule. We suffered immense costs in education and the economy rather than allowing scientists on both sides to be heard equally on such forums.

Instead, Bhattacharya became a persona non grata in academia and was subjected to cancel campaigns.  In the Los Angeles Times, columnist Michael Hiltzik decried how “we’re living in an upside-down world” because Stanford allowed these scientists to speak at a scientific forum. He was outraged that, while “Bhattacharya’s name doesn’t appear in the event announcement,” he was an event organizer. Hiltzik also wrote a column titled “The COVID lab leak claim isn’t just an attack on science, but a threat to public health.”

Critics of Bhattacharya have also cited the fact that he retained his position, unlike some who were dropped by their institutions or associations. Survival is hardly the test of whether someone was censored or canceled.  Bhattacharya holds a position with academic protections, as do some of us fortunate to have tenure in this age of rage. The fact that he persisted and the American people rejected the establishment in this election is not proof that he was not targeted or blocked from academic settings or social media sites.

Dr. Albert dismisses the censorship debate as a “personal pique” and “a distraction” that “should not obscure the central focus of U.S. public health policy during the pandemic.” Obviously, for many of us who value free speech and a diversity of viewpoints, it is a bit more than a “personal pique.”

The “Vanity” of Personal Autonomy

The second point that stood out in the Scientific American article was the warning that Bhattacharya is too focused on individual rights and personal autonomy to be the head of NIH. Dr. Albert declares:

“Pitting personal autonomy against the application of science to policy is fine for vanity webcasts and think tanks, but inappropriate for NIH leadership. If he would rather focus on promoting personal autonomy in pandemic policy, perhaps he is being nominated to the wrong agency.”

It is a chilling observation from a leading public health figure. NIH leadership suggests policies impacting a nation and must balance the costs and benefits of any given course. The NIH states that it is focused not just on “scientific integrity” but “public accountability and social responsibility in the conduct of science.” Isn’t individual rights part of that responsibility?

I would hope that the head of NIH (indeed every NIH official) would place individual rights and personal autonomy as one of the most prominent considerations in setting policies.policy-making Indeed, the NIH routinely discusses and publishes papers on the importance of personal autonomy when discussing subjects like abortion.

These two points are linked on some level. The nation was divided on many COVID policies, and doubts only grew with the censorship and intolerance that was evident during the pandemic. The NIH contributed to that mistrust with its heavy-handed tactics and viewpoint intolerance. One of the victims of that period will now head the NIH. That experience could be invaluable as Dr. Bhattacharya steers his agency toward a more transparent and tolerant path.

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Jonathan Turley is the Shapiro professor of public interest law at George Washington University and the author of “The Indispensable Right: Free Speech in an Age of Rage.”

Tyler Durden
Sun, 12/29/2024 – 12:50