The “Full Faith and Credit” of the United States?

Posted at 1:30 PM (CST) by & filed under Bill Holter.

This week’s recorded call questions the full faith and credit of the United States from various angles.  We made this week’s call (normally only available to our subscriber) available to the public because we believe it to be such an important subject.  Please scroll past the video link for text and links as footnotes.  ALL of the information is available to the public to see …except many do not want to see the truth because it is so ugly!

Welcome to the 2008 melt down part 2. It was never fixed so now it is back, it has taken longer than we thought but math said it was coming and it is here. How bad will it get? Lets look at some facts.

U.S. Economy Shows Another Decline, Fanning Recession Fears

A key measure of economic output fell for the second straight quarter, raising fears that the United States could be entering a recession — or perhaps that one had already begun.

Full faith? Credit from who? You?                   Welcome to Geoeconomics.  

Can any one name one federal agency that is not plagued with scandals?

How about an agency that is not beholden to the business they are to police?

Has there been any President that is not plagued by scandal or has not been under investigation?
Legal analyst: These are the indicators pointing to ‘severe legal peril’ for Trump 01:47 (CNN)The ice may be finally beginning to crack under ex-President Donald Trump.

Special counsel John Durham has been trying for three years to prove wrongdoing on the part of Hillary Clinton’s 2016 campaign, the FBI or other government officials in their handling of accusations that then-candidate Donald Trump had nefarious ties to Russia

By inaccurately labeling verified evidence as disinformation, FBI officials halted investigative activities related to Hunter Biden in 2020.

If these recent whistleblower revelations are true, it would strongly suggest that the FBI’s August 6, 2020 briefing was indeed a targeted effort to intentionally undermine a Congressional investigation,”

Three-quarters of self-described Democrats or Democratic-leaning voters want the party to pick someone other than President Biden as their standard-bearer in 2024 — and nearly a quarter of them say they don’t believe Biden can win a second term, according to a new poll.

According to the Better Business Bureau’s 2021 Scam Tracker Risk Report, cryptocurrency fraud jumped from the seventh riskiest scam in 2020 to second riskiest in 2021.

The US has entered a recession, New York Mayor Eric Adams said on Thursday, contradicting earlier claims by President Joe Biden that the economy is “on the right path.” 

“We are in a financial crisis like you can never imagine… Wall Street is collapsing; we are in a recession,” Adams said at a New York event hosted by nonprofit Project Hospitality, as cited by Hamodia news outlet. (rt.com)
Wall Street is collapsing – NYC mayorThe US is in a state of recession, New York Mayor Eric Adams says, quashing claims by President Biden that the e…

President Biden and the White House continue to repeat his denial from the campaign trial in 2019:

“I have never spoken to my son about his overseas business dealings.”

These denials have continued even after an audiotape surfaced showing President Biden leaving a message for Hunter specifically discussing coverage of those dealings.

Some of us have written for two years that Biden’s denial of knowledge is patently false. Indeed, it is baffling how Attorney General Garland can ignore the myriad of references to Joe Biden in refusing to appoint a special counsel.

https://www.zerohedge.com/political/ive-delivered-new-disclosures-demolish-president-bidens-denials-hunter-dealings

In a surprisingly longish phone call at over two hours, Chinese President Xi Jinping and President Joe Biden focused on the geopolitical flashpoints of Taiwan and Ukraine on Thursday, speaking by phone for the fifth time. Both sides agreed the call was “candid” and “in-depth”, and concluded by agreeing to stay in touch. However, China state sources are reporting that – in a moment perhaps intent on humiliating the US administration – Xi warned Biden “those who play with fire will get burned.”

In the face of Xi’s firm words on the Taiwan issue, Biden affirmed that the United States does not back Taiwan independence. 

https://www.zerohedge.com/political/xi-warns-biden-those-who-play-fire-will-get-burned-over-2-hour-call

On Thursday, former Dallas fed president Richard Fisher slammed House Speaker Nancy Pelosi and her husband Paul over allegations of insider trading.

The pot calling the kettle black?

https://www.zerohedge.com/political/pelosi-appears-have-taken-advantage-inside-information-former-dallas-fed-chief-fisher

President Joe Biden refused to admit the economy is in a recession during remarks delivered Thursday afternoon from the State Dining Room 

Biden pointed to strong job numbers remarking, ‘That doesn’t sound like a recession to me’ 

https://www.dailymail.co.uk/news/article-11058675/Biden-REFUSES-admit-recession.html

So how much credit does the US have.

Then why would we need to forgive student debt go get a job and pay your loan

https://www.dailymail.co.uk/news/article-11058675/Biden-REFUSES-admit-recession.html

The $839 billion National Defense Authorization Act, approved in a 329-101 vote, is $37 billion more than the administration sought in military spending. House passes $839B defense bill, swatting down Biden’s military plans – POLITICO

Two dozen House Republicans helped pass a $280 billion bill on Thursday to bolster the domestic chip manufacturing industry and subsidize scientific research, bucking GOP leadership’s recommendation to vote against the measure.

The whip announcement came hours after Senate Majority Leader Charles Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) announced a deal on a $369 billion climate, tax and health care package, which Democrats had been negotiating for months.These are the 24 House Republicans who broke with the party to support chips and science bill | The HillThe LCS is designed to operate in shallow waters close to shore—known as the littorals. The Navy estimates it will cost over $60 billion to operate and support the 35 LCS it plans to build, including the 17 it has already delivered.Feb 24, 2022

But documents obtained by Navy Times warn that cracks can grow if the ships transits faster than 15 knots in seas with maximum wave heights of about eight feet.

https://www.navytimes.com/news/your-navy/2022/05/10/the-littoral-combat-ships-latest-problem-class-wide-structural-defects-leading-to-hull-cracks/

Something much bigger than POTUS — call it the MIC or the deep state — has de facto veto power on all matters related to national security.

Writing in the New York Timesveteran foreign correspondent Edward Wong reports that the Biden “administration’s approach to strategic priorities is surprisingly consistent with the policies of the Trump administration.”

What ought to be surprising at this juncture is Wong’s surprise.

Geoeconomics   

The Singapore Economic Forum has emphasized the dynamic aspects of leaders’ decisions. Policy makers and CEOs alike have to “assess constantly techno-economic returns and legal-political risks on a combined geoeconomic plane.”[4] Azerbaijani economist Vusal Gasimli defines geo-economics as the study of the interrelations of economics, geography and politics in the “infinite cone” rising from the center of the earth to outer space (including the economic analysis of planetary resources).[5]

BRICS is our competition. as is  The Shanghai Cooperation Organisation (SCO) is a Eurasian politicaleconomic and security organization.[3] In terms of geographic scope and population, it is the world’s largest regional organization, covering approximately 60% of the area of Eurasia, 40% of the world population, and more than 30% of global GDP.[4]

Large Indian refineries are increasingly turning to smaller and less-known private traders to boost purchases of discounted Russian oil, Bloomberg reported on Friday, citing people familiar with the matter.

A priority for Lavrov’s trip to Egypt, the Republic of the Congo, Uganda and Ethiopia is to show that Russia is not isolated internationally, despite expansive western sanctions. The objective is to portray Russia as an unencumbered Great Power that maintains allies around the globe with whom it can conduct business as usual.

SHANGHAI, July 29. /TASS/. The Shanghai Cooperation Organization should use its potential in practice so as to prevent the further degradation of international relations and curb the spread of Cold War logic worldwide, the organization’s Deputy Secretary General Grigory Logvinov said on Friday.

https://tass.com/politics/1486359

A Panicking Biden Administration Seeks Talks With Russia

https://www.moonofalabama.org/2022/07/a-panicking-biden-administration-seeks-talks-with-russia.html#more

Sino-forming of Global South passes point of no return

NEW YORK – China’s exports to the largest economies of the Global South have nearly doubled from pre-Covid levels to a seasonally-adjusted US$70 billion in June 2022 from $38 billion in June 2019.

Several factors have impelled the surge in Chinese exports, but the most important impulse comes from China’s strategic investment in digital and physical infrastructure, ranging from broadband networks in Indonesia and Brazil to power plants in Turkey and railways in Southeast Asia.

As Western nations question the benefits of globalization, China has become the world’s leading globalizer.Sino-forming of Global South passes point of no return – Asia Times

This all leads to GOLD in the end. Period end of story.