? Biden just said there will be NO ADDITIONAL RESOURCES given to the areas pummeled by Hurricane Helene

WTF?

There’s practically ZERO federal support to begin with!

WHAT IS GOING ON? pic.twitter.com/gcKHPuzLs5

— Nick Sortor (@nicksortor) September 30, 2024

The US government prioritizes foreign entities over their own citizens. President Joe Biden and his handlers have pledged over $17 BILLION to Ukraine, Taiwan, and Israel in the past week alone. Meanwhile, Joe Biden has already gone on record to tell American hurricane victims that they should not expect any additional resources from the federal government. “We’ve given everything that we have,” Biden unsympathetically said.

Ukrainian President Volodymyr Zelensky abruptly visited America ahead of the election to beg for additional aid before the end of the federal fiscal year on September 30. He walked away with over $8 billion, including $5.6 billion in weapons and $2.4 billion worth of aid. Joe Biden enacted the Presidential Drawdown Authority, which allowed him to draw additional weapons from stockpiles that were meant to help allies in an emergency. He has used this countless times but most recently pledged $375 million in military supplies for Ukraine.

Not to be outdone, Israel received $8.7 billion from the United States in the past week. The package includes $5.2 billion to secure Israel’s air defense systems and $3.5 billion for essential wartime procurement. Incredible that the US government can pledge billions to secure the Iron Dome while completely ignoring its own borders.

Our Commander in Chief has sent about 3,000 troops to the Middle East, according to the Pentagon. There are already 40,000 soldiers positioned in the region, although Kamala Harris insisted during the debate that this marked the first time that US soldiers have not been deployed to foreign wars.

Then President Joe Biden approved $567 million in defense support for Taiwan on Sunday as countless states were being swept away by Hurricane Helene. Let’s involve America in another war as the nation is distracted and grappling with tragedy. The specifics regarding this package remain vague, but rest assured it is moving the US in the neocon’s intended direction.

Imagine if these resources were invested domestically. This is a mere fraction of what the federal government has provided to these three nations and will continue to provide so long as a neocon remains in power. We have seen this happen countless times with other natural disasters at home, such as fires in Maui, where the people received a small one-time payment of $700 after losing absolutely everything. The government no longer needs to pretend to care about its citizens as people continue to vote for AMERICA LAST policies.

Hurricane Helene swept through our town extremely unexpectedly, and my area was only notified of the storm 60 hours before landfall. I am grateful to report that all staff in impacted areas are safe. The most problematic aspect of the storm for my region was the storm surge, as water levels rose over 6 feet in an extremely short period of time, causing every body of water connected to the Gulf of Mexico to overflow. Such an event has not happened in over 100 years when the population was a fraction of what it is now, so naturally, the infrastructure here was not prepared to handle such a catastrophe. My thoughts and prayers are with the thousands of people who lost everything.

The estimated economic impact is unknown. AccuWeather believes the figure is around $160 billion but that is simply from the initial impact. I can tell you right now that it will take many months for the Tampa Bay Area to recover. Over 3 million homes and businesses lost power across Florida, South Carolina, North Carolina, Georgia, and even Virginia. Millions are still without power at the time of this writing. The entire state of Florida is dependent upon the hospitality sector, and thousands are now out of work. Countless small businesses simply will not walk away from this tragedy.

My area looks like a post-apocalyptic horror film. The beach areas have been utterly wiped out; the businesses and restaurants that were once there simply no longer exist. Areas that were not in traditional flood zones experienced water damage and countless homes and businesses are simply uninhabitable. If you dare to drive around as half the traffic lights are down, you will see hundreds of homes with all of their furniture and possessions on the front lawn as nothing could be saved. Those living on barrier islands were trapped in their homes without power or water for days.

Individuals were taking out boats to conduct their own rescue missions throughout the area. I will say there has been a strong sense of community as everyone is coming together to rebuild. All the divisiveness prior vanished for a brief moment as people saw one another as neighbors in need, and there was an outpouring of compassion that is rarely seen in today’s society.

The economic impact truly cannot be calculated at this time, but the devastation has been massive. Over 100 people have lost their lives, and search and rescue missions remain ongoing. We greatly thank those of you who took the time to write in and offer condolences and prayers. The AE website will be back up and running as soon as possible.

Due to the recent hurricane and resulting internet outages, there will be delays in our blog updates. We appreciate your understanding and will be back up and running as soon as possible.

This outage will not impact Socrates.

Thank you for your patience!

Either way, he’s getting your money.

There will be a war in the Middle East, and many are looking at this as the End Times from three different religions. The majority of Israelis of all faiths support a ground invasion of southern Lebanon. Hezbollah has been firing rockets for almost a year now, and they have turned the majority of Israelis against them. The Lebanese government has included Hezbollah ministers, and they have surrendered the safety of their own people to Hezbollah, thereby endorsing war with Israel. The deep resentment that festers in the Middle East I do not see as ever being resolved. When that becomes the reality, then war is inevitable.

Hezbollah has assumed that Iran would rush to join the party. But Putin has been warning them that the time is not right. Putin understands the game. He may be hoping Trump is elected to shut down World War III. However, the model concerning market activity suggests that things may not pan out as many have assumed.

While October is a key near-term target, the major target will be March/April next year.

APR fees on credit cards have never been higher, reaching an average of 24.92% as of September 2024 in the United States. In fact, credit card interest rates have not been beneath 10% since the early 90s. Consumer debt has never been higher and countless households have fallen into a snowball situation where they simply accumulate more debt in a failed attempt to pay off the old. Donald Trump has offered the most extreme solution presented by a politician thus far – capping credit card interest fees at 10%.

Bernie Sanders once proposed a 15% cap to the shock of many. Biden attempted to implement an $8 cap on late fees alone but was prevented from doing so. Banks have continued raising their fees and interest rates as more households fall behind.

Prior to the pandemic, Americans paid $120 billion annually in credit card interest fees from 2018 to 2020, amounting to $1,000 annually per household. In 2022, consumers were paying $105 billion in interest as it has become the main cost behind having a credit card. Rates on credit cards have doubled in a mere decade from 12.9% in 2013 to 22.8% in 2023.

The Federal Reserve Bank of New York released data in August indicating that American credit card debt reached a new high of $1.14 trillion. A separate report from TransUnion has found that the average American is carrying $6,329 in personal credit card debt, a 4.8% uptick from last year. Americans have amassed over $250 billion in the past two years alone amid record inflation. Bankrate reported that 46% of cardholders cannot pay off their monthly credit card payments, up 7% from last year.

Banks are naturally against this cap. Those in disagreement believe banks will be reluctant to lend and tighten their requirements. To some extent, that may not be a negative. Living within your means has completely changed under Bidenomics and everyone is adjusting to the new cost of living. In the meantime, people need to catch up to get back on their feet before the debt vortex sucks them into a hole that becomes nearly impossible to climb out of.

Consumers have been forced to pay for basic necessities on credit due to the astounding rise in prices for basics like energy, food, and rent. “While working Americans catch up, we’re going to put a temporary cap on credit-card interest rates,” Trump said at the rally in New York. “We can’t let them make 25 and 30 percent.” Now, Trump is proposing a temporary cap. We permit countless stimulus packages that never stimulate the economy and hand out funds recklessly to help those on hard times. Yet, no one has proposed temporarily capping credit card fees to give consumers time to pay off their debts. The banks are still profiting, albeit less.

No one will profit if consumers default on their personal debts and they are sent to collectors never to be paid. This solution could give households adequate time to adjust their personal finance strategies.

QUESTION: It is becoming obvious Jamie Dimon seems to be following you. Whatever you say, he says a few days later. He has come out and said that the greatest threat is “not inflation, a recession, or AI taking over humanity; rather, it’s rising geopolitical tensions that have already flared up into armed conflicts around the world.” He and you are the only people sounding that alarm. At Davos, he even said Trump was right about the border and about NATO. Do you guys have coffee together?

JG

ANSWER: I would be glad to have coffee with Jamie. No, I do not speak to him. He is a pretty smart guy who can see the events himself. Who tunes into Socrates? I am never at liberty to say. I’m not the CEO of Telegram. Confidentiality is our motto. They tried that with me. It didn’t work.