According to the Congressional Budget Office. Today the Congressional Budget Office released a new report, “Illustrative Options for National Defense Under a Smaller Defense Budget,” that outlines three different options for cutting funding for the Department of Defense by $1 trillion, or 14 percent, over the next ten years. The report makes clear that the United States has options for reducing spending on the Pentagon – without sacrificing security. It outlines three different options for how the United States could reallocate Pentagon resources to meet the current military strategy for less. “The U.S. military budget is now higher than it was at […]
Trillion
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A small but expanding group of Democrats across the party’s ideological spectrum are preparing to push Speaker Nancy Pelosi (D-CA) to accept the $1.8 trillion coronavirus economic stimulus plan proposed by Treasury Secretary Steve Mnuchin last week, citing escalating concerns about unemployment and ongoing struggles of Americans. Two members of the Democratic caucus, Reps. Abigail Spanberger (D-VA) and Peter Welch (D-VT), have privately discussed their desires for the California leader to accept the deal put before them and are now ready to make those pleas public, The Daily Beast has learned. While many Democrats are happy to back Pelosi’s position, those […]
According to the Finnish telecom giant, in the future, entire cities, hospitals and factories will fully depend on 5G and the capacity it offers to move, process and store vast volumes of data. A fresh study by Nokia has forecasted that industries that have embraced 5G will have the potential to add $8 trillion to the global GDP by 2030. Despite the economic challenges presented by COVID-19, a global boom in 5G investment will see massive investments in 5th generation telephony emerge over the next five years, Nokia’s report said. “As organisations across the world move faster towards the deployment of […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202010021080636174-us-house-of-representatives-passes-democrats-22-trillion-covid-19-relief-bill/ The Democrats’ $2.2 trillion COVID-19 relief bill has been approved by a 214-207 vote on Thursday and now advances to the Republican-controlled US Senate. House Speaker Nancy Pelosi’s (D-CA) COVID-19 bill advanced in the chamber on October 1, despite opposition from 18 Democratic members of Congress. 214-207: House passes Democrats’ $2.2T COVID-19 relief bill. 18 Democrats joined all Republicans in voting No. Bill now heads to Senate. No agreement has yet to be reached between Speaker Pelosi and Treasury Secretary Mnuchin despite their recent talks. pic.twitter.com/fx9Axxws1b — Craig Caplan (@CraigCaplan) October 2, 2020 Prior […]
Germany’s largest lender, Deutsche Bank, appears to have facilitated more than half of the $2 trillion of suspicious transactions that were flagged by the US government between 1999 and 2017. According to broadcaster Deutsche Welle (DW), some $1.3 trillion of $2 trillion in leaked transactions that occurred between 1999 and 2017 and were flagged as suspicious passed through Deutsche Bank. DW cited documents obtained by BuzzFeed News and shared them with the International Consortium of Investigative Journalists. The documents revealed that five major banks (Bank of New York Mellon, Deutsche Bank, HSBC, JPMorgan and Standard Chartered) processed trillions of dollars of transactions identified as suspicious. […]
BITCHUTE (STEELE CENSORED BY YOUTUBE: https://www.bitchute.com/video/JLPB88zjwi8g/ Connect with Robert at https://robertdavidsteele.com See the tag cloud and free online chapters at https://pedoempire.org Study Wall Street crime at https://stopnakedshortselling.org Robert David Steele is the conceptualizer of integrated election reform (#UNRIG) and the integration of holistic analytics, true cost economics, and Open Source Everything Engineering (OSEE) such that we can achieve a prosperous world at peace at 10-20% the cost of the failed Western economic model burdened by banks and lawyers. A former US spy and co-founder of the Marine Corps Intelligence Activity, he is today the Chief Enabling Officer (CeO) of Earth Intelligence […]
The recent stock rout has wiped out over $1 trillion from the value of America’s biggest tech corporations, including the world’s most valuable company Apple and online giant Amazon – but it failed to erase all their 2020 gains. US benchmark indices finished lower for the third session in a row on Tuesday amid a massive sell-off in high-flying technology stocks, which were the main drivers of the market rally amid coronavirus uncertainty. The Dow Jones Industrial Average dropped over 600 points, while the tech-heavy Nasdaq Composite shed over 400 points – more than four percent – to close in correction […]
Apple, now worth $2 trillion, first crossed the $1 trillion milestone two years ago. Justin Sullivan/Getty Images hide caption toggle caption Justin Sullivan/Getty Images Apple, now worth $2 trillion, first crossed the $1 trillion milestone two years ago. Justin Sullivan/Getty Images Apple has hit $2 trillion in market value, the first publicly traded U.S. company to do so. The iPhone maker first crossed the $1 trillion milestone just two years ago. Just this week, Apple and a handful of other tech giants propelled the S&P 500 index to a new record. Apple’s stock is up nearly 60% this year. Much of […]
New research by the US’ Institute for Policy Studies (IPS) showed that, since the beginning of the pandemic, the 12 top US billionaires have seen their combined wealth soar by 40 percent, or $283 billion, to more than $1 trillion. It’s the first time in US history that the collective net worth of the top 12 American billionaires has topped the trillion-dollar mark. What the IPS terms the “Oligarchic Dozen” includes Jeff Bezos ($189.4 billion), Bill Gates ($114 billion), Mark Zuckerberg ($95.5 billion), Warren Buffett ($80 billion), Elon Musk ($73 billion), Steve Ballmer ($71 billion), Larry Ellison ($70.9 billion), Larry Page […]
https://cdn1.img.sputniknews.com/img/107919/62/1079196215_0:0:3072:1728_1200x675_80_0_0_3d2ddede157d7be0a67693b05495a423.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202008031080050594-us-treasury-plans-to-borrow-over-2-trillion-in-2nd-half-of-2020-partly-for-future-covid-19-relief/ WASHINGTON (Sputnik) – The US Treasury Department factored expectations that Congress will approve a new COVID-19 relief bill for at least $1 trillion into its borrowing estimates for the final six months of the year, which are expected to exceed $2 trillion, according to a press release. “During the July-September 2020 quarter, Treasury expects to borrow $947 billion”, the release said on Monday. “During the October-December 2020 quarter, Treasury expects to borrow $1.216 trillion in privately-held net marketable debt. The estimates “assume $1 trillion of additional borrowing” needed in anticipation of additional legislation from […]
To Joe Biden, Bernie Sanders and Alexandria Ocasio-Cortez, there’s always more than enough money. The presumptive Democratic presidential candidate on Tuesday put forward a $2 trillion plan to save the global environment. The plan “would attempt to eliminate carbon emissions from the power grid by 2035, put Americans into electric vehicles and zero-emission mass transit, and rebuild roads, bridges, and other infrastructure,” the Wall Street Journal reports. “The plan would devote spending to minority communities and bolster rules to support unions, which the Biden campaign frames as a way to ensure benefits go first to the poor and working-class people and […]
The former vice president’s initiative calls to chart the United States on “an irreversible path” to net-zero carbon emissions by 2050. (Image credit: Spencer Platt/Getty Images) Source link
Robert David Steele, former US spy recommended for the Nobel Peace Prize in 2027, has completed his two month project on Wall Street financial crime. His task has been to raise public awareness of $100 trillion in documented theft by Wall Street from Main Street (inclusive of pension funds and the life savings of cops, firefighters, teachers, and nurses). There is an additional $100 trillion in illicit wealth from money laundering. All tangible assets existing today that have been purchased with $200 trillion in illicit wealth — waterfront mansions, super-yachts, private aircraft, art collections, private islands, stocks of gold and […]
US Racism’s $13 Trillion Legacy Is Just The Start By Anna Szymanski, Reuters. June 20, 2020 US Racism’s $13 Trillion Legacy Is Just The Start2020-06-202020-06-20https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/06/window-e1592668011601.png200px200px Above photo: “Black Lives Matter” is written in a shop window in the Dorchester neighborhood of Boston, Massachusetts, U.S., June 18, 2020. New York – Around the time the United States formally abolished slavery in 1865, African Americans owned 0.5% of the United States’ wealth. Today they own under 3%, even though around 13% of the population is defined by the U.S. census as “black or African American.” This isn’t an accident of history – it’s a result […]
By Kevin Barrett, Veterans Today Editor, for Press TV Donald Trump has a way of saying a lot of crazy and incoherent things. And he’s such a ‘genius’ at it that people (like comedian Sarah Cooper) can parody him pretty much by just playing a tape of what he says. And recently, the most recent example of this is his quite amazing statement that the concept of chokeholds sounds ‘so innocent, so perfect.’ That is a very strange statement. It sounds like something that an insane murderer would say after he’s been arrested for choking hundreds of people to death. They […]
https://cdn1.img.sputniknews.com/img/105732/23/1057322350_0:120:1280:840_1200x675_80_0_0_fd5973fc95f538998803f9b1ddf2a89e.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/business/202006111079581037-treasury-department-us-national-debt-exceeds-26-trillion-for-first-time/ WASHINGTON (Sputnik) – The United States’ national debt total has exceeded $26 trillion for the first time in US history, Treasury data revealed. The data published on Wednesday showed that as of this week the United States’ debt sits at $26,003,751,512,345 as the nation grapples with economic relief from the novel coronavirus pandemic. The US government has provided up to $5 trillion in coronavirus relief since March. The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed on 27 March and included $2 trillion, while the $3-trillion Health and Economic Recovery Omnibus Emergency Solutions […]
ROBERT STEELE: This cartoon was funded by the new project to help Main Street recover $200 trillion stolen by Wall Street — half via naked short selling (the sale of stocks that are never delivered) and half via money laundering. Other cartoons here. Re-Published with Permission. Visit Ben at https://grrrgraphics.com/. Roughly 5,000 individuals, a combination of individuals, partners in the major Wall Street firms including particularly Goldman Sachs, Merrill Lynch, and JPMorgan, and associated lawyers and others engaged in the global ecology of naked short selling and money laundering – both federal crimes – are now subject to discovery and criminal […]
The Supreme Court unanimously upheld a federal law struck down by an appeals court that forbids encouraging illegal aliens to remain in the U.S. unlawfully in a decision Thursday. Advertisement – story continues below The Supreme Court ruled on the law on May 7, 2020, ten days ago. That ruling was just 10 Days ago! But that didn’t stop Nancy Pelosi and House Democrats from passing a $3 trillion spending bill that gives illegal aliens in American $1,200 stimulus check! TRENDING: Rep. Ilhan Omar’s Daughter Calls American Soldiers ‘Bitches’ Who Are ‘Killing Innocent Children Abroad’ (VIDEO) The bill passed 208 to […]
House Speaker Nancy Pelosi, D-Calif., walks past the Statuary Hall ahead of floor debate on a record $3 trillion coronavirus response package Friday to fund the fight against the pandemic and provide emergency payments to millions of Americans. Olivier Douliery/AFP via Getty Images hide caption toggle caption Olivier Douliery/AFP via Getty Images House Speaker Nancy Pelosi, D-Calif., walks past the Statuary Hall ahead of floor debate on a record $3 trillion coronavirus response package Friday to fund the fight against the pandemic and provide emergency payments to millions of Americans. Olivier Douliery/AFP via Getty Images House lawmakers on Friday approved a […]
Democratic lawmakers have passed a massive $3 trillion coronavirus aid package, the largest bill to ever move through Congress, but the Senate is likely to block the law, with Republicans deeming it a progressive “wishlist.” The 1,800-page bill passed 208-199 on Friday in a vote largely along party lines, with all but 14 Democrats voting in its favor, joined by a single GOP rep – Peter King of New York. Introduced by House Speaker Nancy Pelosi (D-California) without consultation from lawmakers across the aisle, the expansive law will provide financial relief for state and local governments, hazard pay for essential workers […]
The coronavirus pandemic could chop nearly 10 percent off global gross domestic product (GDP), the Asian Development Bank (ADB) predicts, more than doubling its previous forecast. The global economy could suffer between $5.8 trillion and $8.8 trillion in losses, the equivalent of between 6.4 percent and 9.7 percent of global GDP, the report published on Friday said. This is much worse than the Manila-based bank predicted in April, when it said that the Covid-19 global cost could range between $2 trillion and $4.1 trillion. Also on rt.com Norway dipping into its massive piggy bank to battle Covid-19 crisis The blow to […]
While the rest of America was locked down Nancy Pelosi was getting eating gourmet ice cream and scheming against the American public.Pelosi put together her latest “liberal wish list” that was written by liberal lobbyists behind closed doors. The legislation reshapes US elections, bail out broke liberal state pensions, and give amnesty to millions and millions of illegals in the country. Tucker Carlson discussed the toxic legislation on Tuesday night. TRENDING: Tucker Carlson Confronts Former Rep. Trey Gowdy for Actions He and Former Speaker Paul Ryan Took that Allowed Mueller and Obamagate to Flourish (VIDEO) Minority Leader Kevin McCarthy spoke out […]
A masked pedestrian passes a sign honoring healthcare workers in the window of The Massachusetts General Hospital’s North End Waterfront Health center in Boston amid the coronavirus pandemic. House Democrats are proposing hazard pay for frontline workers in a new relief bill. Steven Senne/AP hide caption toggle caption Steven Senne/AP A masked pedestrian passes a sign honoring healthcare workers in the window of The Massachusetts General Hospital’s North End Waterfront Health center in Boston amid the coronavirus pandemic. House Democrats are proposing hazard pay for frontline workers in a new relief bill. Steven Senne/AP House Democrats are moving full steam ahead […]
Susanne Trimbath, Ph.D. is the author of the single most important book in modern times documenting how Wall Street loots pension funds and engages in massive pervasive criminal activity that in enabled and also covered-up by government officials including those working for the Security Exchange Commission and the Senators and staff of the Senate Banking Committee. She is CEO and Chief Economist of STP Advisory Services. Dr. Trimbath’s credits include appearances on national television and radio programs and the Emmy® Award nominated Bloomberg report Phantom Shares. Dr. Trimbath served as a Technical Advisor to the California Economic Strategy Panel and […]