Calamity Joe: Geopolitical Catastrophes Multiply as American Power and Influence Crash to New Postwar Lows

March 19, 2023 By Thomas Lifson

In only two years, Joe Biden’s presidency has produced multiple catastrophes from which recovery will be difficult, if it is even possible. Domestically, we see the banking system teetering on insolvency, as the rapid escalation in interest rates has devalued long term Treasury notes that used to be considered a safe place for banks to park funds in excess of what could be safely lent. The reason for these Federal Reserve interest rate hikes is the inflation that was immediately triggered by Biden’s jihad against domestica oil, gas, and coal production, that triggered an inflationary spiral that continues today, devaluing the life savings of thrifty Americans, and pushing food and energy costs up so fast that many families have had to drastically reduce their standard of living.

Bad as these catastrophes are, the potential for serious damage to the welfare of the American people from the military and diplomatic policies of the Biden administration is much worse. Losing a war – or even just fighting a nuclear war – makes a mere Depression look like a day at the beach. And make no mistake, the Biden administration is flirting with a nuclear confrontation with Russia that China might well decide to join and eliminate for good the power of the United States to oppose its aims for dominance of the Asia/Pacific region (for starters). Meanwhile, as the potential for an ultimate confrontation increases, resources for America to counter the threat are rapidly diminishing............To  Read More.....

Under Joe Biden, our corruption is becoming Africanized, March 19, 2023 By Monica Showalter - This week, we learned from a House panel that Joe Biden and his family members took $1.3 million from a Chinese energy firm. According to this NBC report:

The Republican chairman of the House Oversight Committee published a memo Thursday alleging that Hunter Biden and at least two relatives were paid $1.3 million from an associate of the president's son who had links to a Chinese energy company. They are alleged to have been paid after the associate, Rob Walker, was wired $3 million in March 2017 from a Chinese energy company affiliated with another company that Biden had been doing business with. The recipients of the $1.3 million in payments were Biden, his uncle James Biden and Hallie Biden, the widow of Hunter's brother Beau Biden, Comer said. "It is unclear what services were provided to obtain this exorbitant amount of money," Comer said.

Some of it was dolloped out in packets, as if they were paychecks, some went to people with no possible merit utility to China's giant energy company, and in every transaction, Joe Biden took his cut. He was, according to the emails found on son Hunter's abandoned laptop, "the big guy." Biden was asked about these payments, and in a reflexive way, claiming they never happened:  .But they did happen, and Congress has the receipts on it. He's convinced he can lie his way out of it, but the receipts don't lie. ......