by Pam Martens and Russ Martens
Wall Street on Parade
On December 29 we needed a clarification from former Treasury Secretary Larry Summers about his opinion column against Congress issuing $2,000 stimulus checks. We sent him an email at 10:13 a.m. and received a very clear response from him directly at 12:51 p.m. that day — a span of a few hours.
Compare that timely response to Janet Yellen’s respect for the media’s obligation to report a full set of facts to the American people. Three days ago, we contacted Yellen at four different entities with which she is affiliated. Only the Brookings Institution responded, saying she was on leave. President-elect Joe Biden’s media team did not respond at all, nor did the Washington Speakers Bureau and University of California, Berkeley.
Yellen is Biden’s nominee for U.S. Treasury Secretary. In anticipation of her Senate confirmation hearing, she has released her financial disclosure forms which showed a windfall of more than $7 million in speaking fees since she left her position with the Federal Reserve. The bulk of that money came from Wall Street firms, which are variously regulated and bailed out by the Fed.
Republican losses in Georgia look clear. Tuesday’s runoff elections in Georgia appear to have handed Democrats control of the Senate, with Democrat Raphael Warnock beating incumbent Republican Sen. Kelly Loeffler—though, taking a page from President Donald Trump’s election loss playbook, she isn’t conceding—and Democrat Jon Ossoff on his way to beating incumbent Republican Sen. David Perdue.
California’s government has become infamous for abusing its citizens, from steep taxation to burdensome regulations to arbitrary covid impositions. But less noticed is how it is also trying to abuse other Americans as well.
C-SPAN announced this week that it is bringing back host Steve Scully who was placed on administrative leave after lying that his Twitter account was hacked.
Mike Pence is a man of God. He is also a practiced politician of intense discipline who answers every question, no matter how aggressive or personal, with carefully prepared talking points delivered in a reassuringly measured Midwestern cadence.
(Bloomberg) — The world economy will be exiting the pandemic weighed down by much bigger debts and increased inequality that could hobble growth in the longer term.
It appears to be happening again. As I write this article, 92 percent of the vote has been counted in Georgia, and both Republicans are leading. Kelly Loeffler has a lead of 2 percent over Ralph Warnock, and David Perdue has a lead of 2.8 percent over Jon Ossoff. In the old days, leads of that size this late in the vote count would be enough to call both races. But this is 2020, and we are being told that huge waves of votes from key Democratic strongholds could swing both races in favor of the Democrats. Just like we saw in November, it appears that votes that will be counted in the middle of the night while most of the nation is sleeping will make all the difference.
AT A GLANCE:
At any anti-lockdown protest, you will see signs that say “Stop the Great Reset.” The New York Times calls this phrase “a baseless conspiracy theory.” Here is the problem. None of this is secret. There are books you can read about it and detailed websites describing it. Time Magazine even did a cover story. It’s the title of World Economic Forum head Klaus Schwab’s book on the lockdowns and the future. It was published July 9, 2020, and now has nearly 900 reviews on Amazon.
The topic I would rather talk about is the situation that’s taking place in Georgia with the Senate race, and then of course whatever madness is going to happen on Wednesday. But, since we don’t know the outcome to either, I’d like to just take a minute and chat about Bitcoin for a minute.
Dr. Anthony Fauci is now predicting that America won’t return to “a strong semblance of normality” until the Fall, and even that will take Herculean efforts to increase the speed of vaccine distribution.
Trump Lawyer Rudy Giuliani said the U.S. should have a “trial by combat” to decide the 2020 election during his Wednesday appearance at a pro-Trump rally in Washington D.C.
On Wednesday’s “MSNBC Live,” Sen. Kirsten Gillibrand (D-NY) stated that Democrats will “study and look at” eliminating the filibuster if they take the majority in the Senate and stated that “we do need to reform the Senate so it is more efficient and effective.”
Preface