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13 Democrat State Attorneys General Target Glock, Decry 'Machine-Gun Glocks'

Thirteen Democrat Attorneys General wrote a letter to renowned gun maker Glock, noting Chicago's lawsuit against the company and expressing concern over "machine-gun Glocks."

The post 13 Democrat State Attorneys General Target Glock, Decry ‘Machine-Gun Glocks’ appeared first on Breitbart.

Michael Savage to 'Blood Money's' Peter Schweizer: Your Book 'Set Off a Shockwave' and Now Congress Is Acting on China

Conservative talk radio legend Michael Savage drew a connection between Peter Schweizer's bombshell book Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans and Congress finally acting to address the concerns around the China-owned app TikTok.

YAF Students Use Schweizer's 'Blood Money' to Warn Students About the CCP's Subversion of America

Students at the University of Florida and the University of Alabama's Young Americans for Freedom (YAF) chapters used Peter Schweizer's new book "Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans" to warn their peers about the Chinese Communist Party (CCP)'s subversion of the United States.

Prager: ‘Blood Money’ Author Peter Schweizer 'One of the Great Guests of My Radio Career'

Peter Schweizer is one of the "great guests" of Dennis Prager's radio career, Prager said during a recent episode of The Dennis Prager Show.

REPORT: Obama-Era DHS Agents Set Up Cartel Money Laundering Operation in Mexico City’s Airport

At least two U.S. federal agents working with a group of informants and straw men in Mexico were allegedly able to set up a sophisticated money laundering operation based out of Mexico City’s airport. The operation reportedly ran during the Obama-Biden administration between 2010 and 2019. The two agents apparently have not faced any prosecution and are reportedly still employed by the U.S. government.

Kellyanne Conway Lobbying Congress to Block Bipartisan TikTok Ban

Kellyanne Conway, the former senior Trump administration aide, is lobbying Congress against banning the controversial app TikTok.

‘Blood Money’ Anti-Fentanyl Banner Appears Over Dallas Highway

A street art banner highlighting China’s connection to the U.S. fentanyl crisis and the complicity of American politicians was hung on Saturday from the Northpark Boulevard Bridge overpass in Dallas, Texas.

‘Blood Money’: Chinese Government Documents Reveal Detailed Plan to Subvert American Culture Using Tech and Hollywood to Target American Children

Chinese government documents and restricted military journals show how the Chinese Communist Party (CCP) is using social media like TikTok and Hollywood to target vulnerable young consumers and tear at the fabric of American culture, according to Peter Schweizer's new book: "Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans."

‘Follow the Money’: D.C. Billboard Truck Hits Biden for ‘Blood on His Hands’ as ‘America Is Burning’ at the Hands of China

A truck billboard slamming President Joe Biden for having "blood on his hands" as "America is burning" while "China is holding the matches" was seen driving past the White House, Congress, and the Chinese Embassy in Washington, DC, on Thursday.

Hayward: China Joe Biden Avoids Any Offense to Beijing in State of the Union

President Joe Biden’s State of the Union (SOTU) speech included a brief mention of China, but the language was carefully trimmed to avoid saying anything that might offend Beijing, beyond the most cursory mention of Taiwan.

Street Art Exposing Fentanyl Crisis Hits L.A. Landmarks Ahead of Oscars

With the Oscars days away, street art hit various iconic spots throughout Hollywood and West L.A. Wednesday shining a spotlight on America’s fentanyl epidemic and not-so-subtly hitting at the politicians who might be responsible for it, including President Joe Biden, California Governor Gavin Newsom (D), and Senate GOP Leader Mitch McConnell (R-KY). Most notably, the eye-popping artwork landed in the district of sitting Congressman and U.S. Senate candidate Adam Schiff, who is also portrayed in the art.

Peter Schweizer’s ‘Blood Money’ Hits #1 on New York Times Bestseller List

Peter Schweizer’s new book "Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans" has landed at number one on the New York Times bestseller list one week after its release by HarperCollins.

U of Florida YAF Leader Urges Student Government to Condemn CCP for Fentanyl Crisis

University of Florida's Young Americans for Freedom (YAF) chapter leader Caitlyn McCoy warned fellow students about the Chinese Communist Party's (CCP) role in fentanyl-related deaths in the United States in a bid to convince the Student Body Senate to condemn the CCP.

'Fentanyl Mitch': Truck Billboard Slams McConnell for Ignoring Fentanyl Crisis

A truck billboard slamming Senate Minority Leader Mitch McConnell (R-KY) as "Fentanyl Mitch" was seen driving through Louisville, Kentucky, on Tuesday.

‘Blood Money’: Meet the Secretive China-Linked U.S. Left-Wing Groups Driving Chaos in Our Streets

What appeared to be organic protests in the United States during the summer of 2020 in the wake of George Floyd's death were actually in many cases organized by members of little-known radical organizations linked to China, according to a new book by Breitbart News Senior Contributor Peter Schweizer.

'Cluster of Fentanyl Overdoses' Ravages Northern California

Health officials in a northern California county have recently reported a "cluster of fentanyl overdoses" that included five deaths.

‘Blood Money’: Two of the Biggest Funders of the Radical Transgender Movement in the U.S. Are China-Linked Billionaires

Pro-Beijing groups financially backed by two China-linked billionaires are pushing the radical transgender movement as a means of advancing a Marxist agenda in the United States, Peter Schweizer reveals in his new book "Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans."

Schweizer: Biden Won't Hold China to Account Because of 'Financial Entanglements'

By: Pam Key · Pam Key
On this week's broadcast of the Fox News Channels's "Sunday Morning Futures," Government Accountability Institute president and Breitbart News senior contributor Peter Schweizer discussed his new book Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans and stated that President Joe Biden will not hold China responsible for the fentanyl crisis in America becuse of his family's "financial entanglements."

‘Blood Money’: Meet Adam Schiff, Who Looks Away from the Deadly Fentanyl Crisis in His Backyard While Taking Donations from Money Laundering Operators Tied to the Drug Trade

Rep. Adam Schiff (D-CA), who has been strikingly absent from the national fentanyl conversation, has “financial connections to individuals involved with criminal networks in Southern California, many of whom are tied to money laundering and the drug trade,” according to Peter Schweitzer’s new book "Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans."

‘Blood Money’: Gavin Newsom Partnered with Triad-Linked Businessman on Initiative That Brought Chinese Mafia-Linked Businesses to California

Gov. Gavin Newsom (D-CA) partnered with a Chinese Communist Party-tied businessman – allegedly connected to the triads – on an endeavor that brought Chinese mafia-linked businesses to California’s Bay Area when Newsom served as San Francisco's mayor, Peter Schweizer reveals in his new book "Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans."

‘Blood Money’: Times Square Billboard Hits ‘AO-CCP’ for Pro-TikTok Stance

A billboard in New York City's Times Square slammed Rep. Alexandria Ocasio-Cortez (D-NY) — known as "AOC" — as "AO-CCP" over her support for the Chinese social media app TikTok.

'Blood Money': Why Mitch McConnell Won't Talk About China's Drug War Against America

Despite that war raging in communities across America and claiming hundreds of thousands of lives, Mitch McConnell has never made China's role supplying fentanyl a priority. Bestselling investigative reporter Peter Schweizer explains why in his new book "Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans."

Support Pours in for New York Mother After Loss of Toddler to Fentanyl

A New York toddler's mysterious fentanyl overdose has tormented her mother for almost a year. Though the pain of losing her daughter will never just go away, strangers from around the world have stepped in to help lessen the weight.

Schweizer: Hunter Biden's Claims Are 'Laughable'

By: Pam Key · Pam Key
On Wednesday's broadcast of the Fox Business Network's "Kudlow," Government Accountability Institute president and Breitbart News senior contributor Peter Schweizer discussed his new book Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans and stated that Hunter Biden's claims during his testimony before Congress are "laughable."

Exclusive—China’s TikTok Rejects Ads for Peter Schweizer’s Book ‘Blood Money’

The Chinese-owned social media company TikTok has denied advertisements for Peter Schweizer's new book "Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans," deeming the ad too "political."

In Their Own Words: Hear How CCP Propagandists Are Using TikTok to Indoctrinate America’s Youth

The CCP is using TikTok as a “modern day Trojan Horse” to inject its propaganda into the minds of America's youth, according to restricted Chinese military journals uncovered in Peter Schweizer's new book: Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans.

'Our Country Is at War': 'Blood Money' Author Peter Schweizer Explains Why the Powerful Turn a Blind Eye While China Kills Americans

"Our country is at war," seven-time New York Times best-selling author Peter Schweizer said during a discussion with Mark Levin, explaining why powerful figures in America turn a blind eye while China kills Americans, as detailed in his latest book Blood Money.

'Blood Money': Sen. Tom Cotton Says Biden Must Address Chinese Fentanyl Trafficking in State of the Union Address

Sen. Tom Cotton blamed China for trafficking fentanyl into the U.S., declaring President Joe Biden should call out China during his upcoming State of the Union address.

Breitbart News Daily Podcast Ep. 485: Peter Schweizer on ‘Blood Money’

Bestselling investigative journalist Peter Schweizer discusses his new book "Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans."

‘Blood Money’: 5 Direct Ties Between Xi Jinping and Chinese Organized Crime

Chinese dictator Xi Jinping has for decades looked the other way – or worse – as fentanyl-pushing organized crime syndicates thrive in China, Breitbart News senior contributor Peter Schweizer reveals in his new book, "Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans."

Schweizer: Biden Doesn't Want to Confront China on Fentanyl Due to His Family's Money

On Tuesday’s broadcast of the Fox News Channel’s “Jesse Watters Primetime,” president of the GAI and a senior contributor to Breitbart News Peter Schweizer debuted his new book Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans and

Senate Republicans on 'Blood Money': 'Joe Biden Is Compromised'

President Joe Biden is "compromised," Senate Republicans concluded on Tuesday following the official release of Peter Schweizer's "Blood Money: Why the Powerful Turn a Blind Eye While China Kills Americans."

From Policy to Pain: How the Fed Impacts Your Wallet

By Gryffindor (Wikimedia Commons)

Artificial interest rate controls cause inflationary booms, depressing busts, and result in taxpayers bailing out wealthy bankers every five to ten years.

While businesses struggle to obtain loans and consumers suffer under extremely high interest rates, the Federal Reserve cautioned this week “against cutting US interest rates too soon or too much.”

The implication is that the Federal Reserve knows what the correct interest rate should be and when and by how much it should be cut. But for every other product, apart from loans, the market determines the price. And the market is never wrong.

The Fed deciding that it knows the right interest rates and quantity of dollars that the economy should have is extremely presumptuous. Even more worrying, the acceptance by the general public that the Fed is correct is an example of central planning.

Entrusting the Fed with superior knowledge over the market, comprising 330 million consumers and sellers, represents a frightening leap toward central authority dictating everything from health and education to how you raise your child or what media you are allowed to read.

Also, if the Fed knows the right interest rate and quantity of money, why aren’t they able to prevent economic crises and bank failures?

When it comes to most other products in the economy—shoes, cars, clothing—the price is determined by the market, and the market never gets it wrong. If the market price goes too high, people stop buying; if it goes too low, companies lose money.

So, we wind up with a market price that consumers are willing to bear and that companies can live with.

Most importantly, in our capitalist/democratic system, the only people who pay for those shoes, cars, and clothing are the people who buy them. If you think the price is too high, you don’t have to buy, and the government doesn’t force you to pay for your neighbor’s shoes.

Or at least, that is how it is supposed to work. Some administrations are more socialist than others, and you do find yourself paying for your neighbor’s shoes through taxes, but that is the subject of another article.

Today, we are discussing how the Fed distorts the economy by artificially controlling interest rates, which leads to inflationary booms, depressing busts, and ultimately results in taxpayers bailing out wealthy bankers.

Until the self-imposed destruction of the COVID lockdowns, the most recent economic crisis was in 2008, which resulted in over 8 million Americans losing their jobs.

Additionally, the U.S. Treasury Department used nearly $1 trillion of taxpayer money to buy up banks’ toxic assets and to make emergency loans to banks teetering on the brink of collapse.

These were private, for-profit companies that received payouts from public funds. From a free-market standpoint, the reason why toxic assets plummeted in value was that the risk was too high and the public didn’t want to buy them.

So, the banks effectively made a terrible product that consumers didn’t want, but which the government purchased with taxpayer money.

Even worse, in order to stimulate a failing economy, the Fed artificially suppressed interest rates until two years ago. As of December 2021, the federal funds rate target range was 0.00% to 0.25%.

And that low rate, along with dramatic increases in government spending and borrowing and the creation of money, resulted in the 9% inflation during the Biden administration. To rein in the inflation, the Fed began raising the federal funds rate, which currently stands at 5.25% to 5.50%.

This figure is the federal funds rate, the rate banks charge each other for overnight loans. The rate you pay for mortgages, car loans, and credit cards will be much higher.

The Fed artificially keeps the interest rate low when politicians want to give the illusion of economic growth. In 2023, after the Fed began raising interest rates, the low Fed rates of the preceding 15 years resulted in banks like Silicon Valley Bank sitting on investments that paid 1.79%, while new treasuries were paying 3.79%.

This meant that the banks had to pay more to borrow money than they were earning on their portfolio of loans and investments. SVB and several other banks went bankrupt, resulting in a $25 billion bailout.

Meanwhile, the entire banking system is estimated to be sitting on $620 billion in similar, unrealized losses because of artificial interest rate manipulation by the Fed.

The COVID lockdown economic crisis caused 120,000 businesses to close and 30 million Americans to lose their jobs. To compensate, the Biden White House, working with Congress on fiscal policy, and the Federal Reserve, implementing monetary policy, the deficit skyrocketed, the debt hit record levels, and interest rates were kept low.

As a result, Biden claimed the largest growth and job creation in history, as well as the highest inflation in 40 years.

Now, in addition to enduring years of lost wages, depleted savings, and mounting personal debt, Americans are grappling with the combination of inflation and high interest rates. All of which was enabled by the Fed’s policies,

The post From Policy to Pain: How the Fed Impacts Your Wallet appeared first on The Gateway Pundit.

33_Liberty_Street_IMG_9058_stitched

By Gryffindor - File:33 Liberty Street IMG 9058.JPGThis is a retouched picture, which means that it has been digitally altered from its original version. Modifications: This panorama has been automatically stitched using commandline tools, and the end result hasn't been validated by any humans for any accuracy or beautifullness. The original can be viewed here: 33 Liberty Street IMG 9058.JPG: . Modifications made by AzaToth., CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=17173323
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