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Insolvent: Fitch Downgrades China's Debt

Ratings agency Fitch said on Wednesday (Apr 10) it had downgraded China's sovereign credit outlook to negative, citing increased risks to the country's public finances, in a move Beijing swiftly called regrettable.

Chinese officials have struggled for months to kickstart economic growth as they battle a range of headwinds, particularly a prolonged property sector crisis that has fueled fears of wider contagion. The draconian covid-19 lockdowns also contributed heavily to this economic crisis, although governments rather this not be mentioned.

Policymakers have announced a series of targeted measures as well as the issuance of billions of dollars in sovereign bonds (debt), aimed at boosting infrastructure spending and spurring consumption, but analysts have said much more needs to be done.

Fitch said its outlook revision "reflects increasing risks to China's public finance outlook" as the country "contends with more uncertain economic prospects". "Wide fiscal deficits and rising government debt in recent years have eroded fiscal buffers from a ratings perspective," the agency warned. It said "fiscal policy is increasingly likely to play an important role in supporting growth in the coming years which could keep debt on a steady upward trend". Fitch added that projected lower economic growth "exacerbates challenges to managing high economy-wide leverage".

Real estate companies that "need to go bankrupt should go bankrupt, and those that need restructuring should be restructured", Housing Minister Ni Hong told a news conference on the sidelines of a major political meeting.

Back in 2023, Fitch also downgraded the US credit rating for a similar reason, bailouts and increasing national debt: https://www.nytimes.com/2023/08/01/business/fitch-downgrade-us-credit-rating.html

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Price Inflation & Rampant Crime Is Resulting In Massive Insurance Coverage Cancellation

California's biggest home insurance provider, State Farm, has announced that it will be discontinuing coverage for tens of thousands of policies in the state this summer in a move that many are interpreting as a strong sign that the insurance industry suspects something big is about to go down there.

On March 20, State Farm announced that 72,000 home and apartment policies in California will be cut, citing issues such as the increasing risk of catastrophes, regulatory costs and ongoing inflation. The move is a major blow to California homeowners, who are already grappling with insufficient policy coverage and high insurance rates.

In their announcement, the company said that the homeowners insurance policies for 30,000 customers, including condominium owners, will not be renewed. They also will be putting an end to offering commercial apartment policies and will not renew the 42,000 that they currently have in place. The cancellations will begin this summer, with homeowners insurance cancellations starting on July 3, followed by commercial property policy cancellations on August 20.

In a statement, State Farm said that they did not make the decision lightly. They added that they take “seriously our responsibility to maintain adequate claims-paying capacity for our customers and to comply with applicable financial solvency laws. It is necessary to take these actions now.”

Last year, State Farm announced that it would not be accepting any new home insurance applications in the state because of “historic” rises in inflation and construction costs. This was followed by a rate hike for 20 percent of its existing customers. Seven of California's 12 biggest insurance groups have been either restricting or pausing new homeowners insurance policies during the last year.

Although the increasing prevalence of arson is undoubtedly a factor in California's insurance problem, other crime is also a growing issue, especially in liberal-run cities like San Francisco and LosPost too long. Click here to view the full text.

Price Inflation In The USSA: $1 Items Now Costing Up To $7

Remember when those crazy conspiracy theorists warned that creating too much governmental debt would end up devaluing the US dollar and thus cause price inflation, making the cost of living more expensive for average people? Well…

Discount retailer Dollar Tree has sparked a revolt among some of its customers after increasing the price cap of items to $7 across thousands of stores nationwide.

"If it were really going to go up like $7 … that'd be too much. I'd rather just get everything at Walmart," Scott Kolack, a Dollar Tree regular, told WPTV-TV.

On March 13, Dollar Tree CEO Rick Dreiling told investors during a conference call, "This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7."

Dreiling said the higher costs would include food, pet, and personal care items, though not all items will reach the $7 mark.

"Over time, you will also see us fully integrate multi-price merchandise more into our stores so our shoppers will find $5 bags of dog food next to our traditional $1.25 pet treats and toys, and our $3 bags of candy will be found in the candy aisle," Dreiling said.

Dollar Tree's CEO also pointed out that the company's fastest-growing demographic is consumers making around $125k a year. This comes as Bidenomics fails what's left of the middle class. There really is something amiss with the economy when budget retailers can no longer supply customers with low-cost items.

Meanwhile, all 99 Cents Only stores across the nation are closing for good. Dollar Tree is closing nearly 1,000 Family Dollar stores, citing theft & inflation.

This is of-course is just another one of the thousands of economic domino effects of national debt insolvency. As long as the government needs Trillions in debt every 100 days to fund thePost too long. Click here to view the full text.

HB2079 Would Legalize Child Kidnapping for Sex Change

https://www.hawaiifreepress.com/Articles-Main/ID/40674/HB2079-Would-Legalize-Child-Kidnapping-for-Sex-Change

This bill has passed the Hawaii House and now awaits Senate action. The bill would allow non-parents to obtain temporary custody of minors from other states if the declared purpose was 'gender affirmation' procedures not available in the child's home state.

HB2079 Would Legalize Child Kidnapping for Sex Change

https://www.hawaiifreepress.com/Articles-Main/ID/40674/HB2079-Would-Legalize-Child-Kidnapping-for-Sex-Change

This bill has passed the Hawaii House and now awaits Senate action. The bill would allow non-parents to obtain temporary custody of minors from other states if the declared purpose was 'gender affirmation' procedures not available in the child's home state.

Joe Biden Moves To CUT Social Security & Medicare Benifts For Millions Of Americans

The Biden regime has finalized its move to slash Medicare Advantage as the 46th president has claimed former President Donald Trump seeks to slash entitlement programs.

The Biden regime on Monday will cut base payments for Medicare Advantage plans by an average of .16 percent despite pressure from Republicans and healthcare experts. This follows Biden making controversial moves in the risk adjusting coding system to allegedly make Medicare Advantage payments "more accurate".

Biden’s move would impact more than half of Medicare enrollees, as many American seniors now look to Medicare Advantage for their healthcare needs. American seniors enrolled in Medicare Advantage could see their supplemental benefits reduced or cost-sharing increased by $33 a month in 2025, according to experts.

Chris Meekins, an analyst, said, “President Biden’s team is gambling that MA beneficiaries won’t realize before the election the benefits Biden’s team is causing them to lose come January 2025.”

Biden’s move to slash Medicare Advantage comes as Trump told Breitbart News he will never touch Social Security or Medicare. This runs contrary to claims from Biden and Democrats that he would cut entitlement programs.

“I will never do anything that will jeopardize or hurt Social Security or Medicare,” Trump explained. “We’ll have to do it elsewhere. But we’re not going to do anything to hurt them.”

Sen. Rick Scott (R-FL) said, “BREAKING: Biden just cut Medicare benefits AGAIN. 2.8 MILLION Florida seniors use Medicare Advantage & Biden’s cuts will cost them an extra $400 per year. Biden’s war on seniors is devastating & I’m fighting like hell to reverse this terrible decision.”

Rep. Kevin Hern (R-OK), the chairman of the Republican Study Committee (RSC), said, “The Biden White House attacks me for wanting to fix and save Medicare, meanwhile @JoeBiden is actively cutting MPost too long. Click here to view the full text.

99 Cent Stores Shuttering All Locations, Citing Crime and Inflation As Key Factors

One of the first places I discovered when I moved to California in the late 1980s was the 99 Cents Only Store. One of my apartments was in walking distance of one, and I could buy a week's groceries for $20. Those halcyon days are long gone, not just for me and others, but for the iconic 99 Cents Only Store. When the company had to raise their price point from $0.99 to $1.01 a few years back, you kind of got the sense they weren't going to outrun this. It was finally the weight of inflation and the COVID [scamdemic] that did them in.

I’m sorry for the 14,000 workers about to lose their jobs.

The 99 Cents Only Stores is closing all 371 of its stores in Arizona, California, Nevada and Texas.

The company is liquidating everything starting Friday.

— Lynnette KhalfaniCox (@themoneycoach) April 5, 2024

On Thursday, the company officially announced plans to close down, citing financial difficulties stemming from the pandemic, changing consumer demand and rising inflation.

The company's press release tells the tale that is becoming the spirit of the age: https://www.prnewswire.com/news-releases/99-cents-only-stores-announces-wind-down-of-business-operations-302108746.html

“This was an extremely difficult decision and is not the outcome we expected or hoped to achieve,” said Mike Simoncic, Interim Chief Executive Officer. “Unfortunately, the last several years have presented significant and lasting challenges in the retail environment, including the unprecedented impact of the COVID-19 pandemic, shifting consumer demand, rising levels of shrink, persistent inflationary pressures and other macroeconomic headwinds, all of which have greatly hindered the Company’s ability to operate.”

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Russia Reveals Where Terrorists Were Trained, Training Camps Are Being Destroyed

The Moscow Concert Hall terrorists were trained in Istanbul for two months.

“All four terrorists were trained in one of the camps in Turkey. The preparation [for two months] took place in Istanbul."

Today, both Russia and the government of Turkey are destroying those camps.

The recruitment of assassins for the terrorist attack in Moscow's Crocus City Hall Concert venue was organized through the Embassy of Ukraine in Tajikistan, according to a military expert, ex-special services officer, retired Colonel Bakhtiyer Rakhmonov.

A few weeks before the terrorist attack, information appeared on the website of the Ukrainian diplomatic mission about inviting foreigners to join the so-called "International Legion," he noted. The message was later removed.

"The ambassador of the Ukrainian embassy in Dushanbe is the ex-head of the foreign intelligence service, and the consulate itself was looking for perpetrators a few weeks before the terrorist attack, publishing an order to hire assassins openly on the page of the Embassy of Ukraine in Tajikistan," he said, adding that it provided all the contacts - a potential terrorist could only write or call.

Rakhmonov constantly monitors such messages on the website of the Ukrainian embassy. Since 2014, Ukrainian diplomats have posted similar announcements several times, only to have them removed.

"The work on recruiting foreigners was led by Ambassador Extraordinary of Ukraine Valery Evdokimov, former head of the foreign intelligence service under Zelensky," the expert said.

Evdokimov was the head of the Foreign Intelligence Service of Ukraine from September 2019 to June 2020.

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Pete Buttigeg's DOT Cut Budget Leading To Baltimore Bridge Catastrophe

Insiders in the Maritime Industry are laying the blame for today's cargo ship crash into the Francis Scott Key Bridge in Baltimore, on Transportation Secretary Pete Buttigeg.

A contact in the field of marine and domestic logistics just told me (verbatum) – [Foul language warning]:

"They pulled the Tugs off of the Dali and because its not a "major" ship but a 10k ship. They made the decisions to pull the tugs.

Tugs on the ship would have prevented this. Guess who funds the Tugs? Secretary Pete Bootyjuice. The DOT cut the tug budget 40%. The Tugs would have been able to slow, even stop the ship.

He is to blame for this. He effectively just buttfucked (pun intended) that port.

https://halturnerradioshow.com/index.php/en/news-page/news-nation/industry-insiders-fedgov-cut-tugboat-budget-40-could-have-prevented-baltimore-ship-bridge-catastrophe

Iran And America Make Amends BUT Beware Of False Flag Attacks By Israel To Draw US Into War!

The US will not interfere if Iran attacks Israel through a series of messages exchanged via third parties, the United States and Iran have come to an understanding.

Iran assured the Americans it will not target US facilities, and in turn the US says it will not get involved if Iran retaliates against Israel.

Israel carried out the attack on the Iranian Embassy in Damascus, without consulting the United States.

Since the Embassy and the next-door Ambassador's residence are on the same compound which was bombed, they are both Iran Sovereign territory. Israel's attack was therefore an actual Act of War for which Iran has the right to respond with military force.

MY COMMENT: I am hoping something akin to what happened to the USS Liberty does not happen again, but I fear Israel is very desperate to drag America to fight their wars once again. If an attack does take place, Israel would certainly be the one to benefit. I obviously encourage fellow Americans, the same as I have done concerning the war in Ukraine, not to get themselves involved in these unnecessary and very dangerous foreign entanglements!

https://halturnerradioshow.com/index.php/en/component/content/article/u-s-will-not-interfere-if-iran-attacks-israel

Beware The World War Trap For The Great Reset Subjugation Agenda

In a recent statement posted to social media, Tucker Carlson explained succinctly his many reasons for traveling to Russia to interview President Vladimir Putin. His decision, mired in an avalanche of outrage from leftist media talking heads and a multitude of western politicians, was inspired by Carlson’s concern that Americans have been misdirected by corporate propaganda leaving the public completely uneducated on the war in Ukraine and what tensions with the East might lead to.

I agree. In fact, I don’t think the majority of Americans have a clue what the real consequences of a global war with Russia and its allies would look like. Even if the conflict never resulted in shots fired and stayed confined to the realm of economic warfare, the US and most of Europe would be devastated by the effects.

Carlson specifically mentioned dangers to the status of the US dollar, and I suspect this comment probably mystified a great number of people. Most of the population cannot fathom the idea of a US dollar implosion set in motion by a foreign dump of the greenback as the world reserve currency. They really do believe the dollar is invincible.

The most delusional people are, unfortunately, those within mainstream economic circles. They just can’t seem to grasp that the west is in the midst of financial collapse already, and war would accelerate the effects to levels not seen since the Great Depression.

Russia has consistently collaborated with globalist institutions including the International Monetary Fund in the effort to create a new “global reserve currency system.” In other words, the interests of Russia and the globalists do indeed intersect in a number of ways and the war in Ukraine has not necessarily changed that.

As I noted in 2014 in my article ‘False East/West Paradigm Hides Rise Of Global Currency’ in reference to the burgeoning war with Ukraine:

I have warned for quite some time that the dPost too long. Click here to view the full text.

Biden Regime CANCELS Plan To Refill Drained US Strategic Petroleum Reserve

After the Biden regime drained the US Strategic Petroleum Reserve to its lowest level in 40 years, now they are CANCELLING their plans to refill it because oil is "way too expensive"… and the reason the oil is "way too expensive" is due to the fact this same anti-capitalist regime has shut down numerous domestic oil pipeline projects and oil refineries.

Critics warn that lower oil reserves are a national security issue for the US. If the reserves are low when a larger war or crisis occurs, refilling the reserves could be much more difficult and certainly more expensive.

“It’s pure insanity to watch the Biden Administration cut American oil production and then claim they can’t refill our critical reserve because of the price,” Daniel Turner, founder and executive director for Power The Future, said in a statement. “Joe Biden drained the SPR for political reasons, cut our domestic production for his climate agenda and now he’s leaving our critical reserve more vulnerable because he’s incompetent. As a result, Americans are paying more at the pump, more at the grocery store and our SPR is less full during a time of rising turmoil in the Middle East.”

Biden has taken fire from American citizens for hindering US oil production and lowering the reserves. The Biden regime has increased regulatory pushback for oil domestic production while fear-mongering over the climate. One would wonder if they really cared about environmental protection, why would they openly allow and promote chemtrailing our skies or allowing toxic carcinogenic glyphosate to be sprayed all over America's crops? Nevermind, the government refuses having anything to do with common sense today.

“The Biden administration’s war on US energy is crippling hardworking Americans and has led to our Strategic Petroleum Reserves being at their lowest levels since the 1908s,” US Rep. Mike Collins, R-Ga, wrote on X Twitter. “Reverse course and restore US energy dominance!"

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Good! Kids Are Increasingly Ditching Government-run Public Schooling

After enduring bullshit school shutdowns during the COVID scamdemic, many students concluded that school itself must be bullshit and have skipped attending classes. Government bureaucrats are panicking since subsidies are tied to the number of students’ butts in chairs each day.

School absences have "exploded" almost everywhere, according to a New York Times report last week. Chronic absenteeism has almost doubled amongst public school students, rising from 15% pre-scamdemic to 26% currently. Compulsory attendance laws are getting trampled far and wide.

The New York Times suggested that “something fundamental has shifted in American childhood and the culture of school, in ways that may be long lasting.” Connecticut Education Commissioner Charlene M. Russell-Tucker commented, “There is a sense of: ‘If I don’t show up, would people even miss the fact that I’m not there?'” The arbitrary, counterproductive school shutdowns destroyed the trust that many families had in the government education system.

So kids are not enduring daily indoctrination to doubt their own genders? So kids’ heads are not being dunked into the latest social justice buckets of fear, loathing, and guilt? So kids are not being drilled with faulty methods of learning mathematics to satisfy the latest Common Core catechism and vainly try to close the “achievement gap”? A shortage of indoctrination is not the same as a shortfall of education.

John Taylor Gatto, New York’s Teacher of the Year of 1991 (according to the New York State Education Department), observed, “Government schooling…kills the family by monopolizing the best times of childhood and by teaching disrespect for home and parents.”

Maybe if politicians ceased treating kids’ minds like disposable resources, more young folks would voluntarily show up for school. But generations of young kids have been sacrificed for whatever fad sweeps political and education activists. The best solution is to enable as many children as possibPost too long. Click here to view the full text.

CDC Finally Releases Hidden Trove Of Covid Clot Shot Injury Reports And It's Anything BUT Safe

The US Centers for Disease Control (CDC) has released previously hidden reports of facial paralysis and other adverse events following deadly COVID-19 fake-vaccination clot shot. The 780,000 reports were received shortly after the COVID-19 vaccines were rolled out, and show people experienced a wide range of post-vaccination problems, including heart inflammation, miscarriages, and seizures.

“Loss of consciousness and seizure immediately following injection. Went to ER by ambulance,” one person reported. “Diagnosed with Bells Palsy today due to left-sided facial numbness and paralysis,” another said. People lodged the reports with V-safe, a text-message system created by the CDC to monitor for possible side effects of COVID-19 death jabs. The first two tranches, comprising 780,000 reports from some 523,000 people, include dozens of reports of heart inflammation, hundreds of reports of facial paralysis, and thousands of reports of tinnitus.

“For 24 hrs after [the] shot I was so fatigued I could not stay awake. I also have some very strong suicidal thoughts. Zero appetite,” one individual wrote. Another person said they experienced symptoms of an allergic reaction. “I read where [sic] this vaccine should not be administered to anyone allergic to PEG and I am allergic to PEG. It would be incredibly reassuring if someone would call me as all I run into is dead ends,” the individual said.

“ICAN had to sue the Centers for Disease Control in order to gain access to the COVID-19 shot V-safe adverse event data, which is yet another shameful chapter in the decades-long history of federal health officials trying to cover up vaccine risks by ignoring patterns of vaccine reaction symptoms in reports made to the government,” Barbara Loe Fisher, co-founder and president of the National Vaccine Information Center, told The Epoch Times after reviewing the new data. “When people report the same symptoms over and over again after getting a biological product—in this case ’shortness of breath‘ and ’heart palpitations,' which are both symptoms of myocarditis that has been causally linked to mRNA COVID Post too long. Click here to view the full text.