The ATF Expansion of the Gun Registry Turns Law-Abiding Gun Owners into Felons

Despite decades of warnings from crime prevention and law experts, the Biden administration has taken a page out of FDR’s book to crack down on legal gun owners.


The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) has followed through on their plan to turn millions of lawful gun owners into felons in the name of “public safety” by reclassifying pistols with stabilizing braces as short-barreled rifles, effectively expanding the unconstitutional national gun registry.

Stabilizing braces are devices that can be attached to pistols to aid the user in balancing their arm. Originally created to help people with disabilities, the accessory is now more popular amongst mainstream shooters who use them to adapt pistols into guns that can be shot from the shoulder, which has been legal to do in the past. Now, there’s a big hoop to jump through if you don’t want to be hit with fines and/or jail time.

As the Department of Justice first proposed on June 7, 2021 and put into practice on January 13, 2023, those who wish to add stabilizers to their pistols “must comply with the heightened regulations on those dangerous and easily concealable weapons.”

Under the new rules, any pistol modified with such a brace is now considered to be a short-barreled rifle. As the DOJ explained themselves, the National Firearms Act (NFA) has, since the 1930s, “imposed requirements on short-barreled rifles because they are more easily concealable than long-barreled rifles but have more destructive power than traditional handguns.”

“Beyond background checks and serial numbers, those heightened requirements include taxation and registration requirements that include background checks for all transfers including private transfers,” the statement reads. The tax required for anyone making or buying a short-barreled rifle is $200.

The Biden administration has generously granted all of the impacted manufacturers, dealers, and individuals a 120-day period to comply—by registering the firearm, removing the brace, surrendering the firearm to ATF, or destroying it.

Attorney General Merrick Garland “directed” the ATF to “address the issue of stabilizing braces” within 60 days at an April 2021 event with President Joe Biden, prompting the swift action taken by the DOJ in announcing the proposed rule the next month.

Biden had also previously selected former Obama advisor Steven Dettelbach to serve as the head of the ATF, who helped the administration reach their goal of passing yet another gun control law.

While the bureau claims the new rule won’t impact stabilizing braces “that are objectively designed and intended as a ‘stabilizing brace’ for use by individuals with disabilities, and not for shouldering the weapon as a rifle,” there is no “objective” standard listed for what disabled people are allowed to carry, or what is “intended” as an aid.

The history of tyrannical politicians attempting to force every gun owner to register their weapons with the government is long. In 1934, President Franklin D. Roosevelt considered implementing a ban on fully-automatic firearms, but was faced with pushback from the DOJ, which argued that it would violate the Second Amendment.

To compromise, the administration instead pushed for legislation to require the registration of fully-automatic firearms, short-barreled rifles, short-barreled shotguns, and firearm sound suppressors. This idea became law in the form of the National Firearms Act of 1934, which is what the current-day DOJ and ATF have used to justify their expansion of the national gun registry for law-abiding citizens.

Roosevelt was set on creating a national firearm registry for every gun, demonstrated by his appointment of Homer Cummings to the position of Attorney General, who helped draft the NFA.

“Show me the man who doesn’t want his gun registered and I will show you a man who shouldn’t have a gun,” Cummings wrote in 1938, the year he pushed for separate handgun registration legislation.

Fast forward by approximately 50 years, and then-President Ronald Reagan signs the Firearms Owners’ Protection Act, which federally prohibits national gun registries. Though Reagan faltered on the Second Amendment at times (see: the Mulford Act), this was a good policy that was unfortunately ignored by anti-gun politicians.

Experts have been warning about the dystopian consequences of criminalizing stabilizing braces, which are used by disabled and able-bodied individuals alike to increase balance and accuracy.

Dr. John Lott, president of the Crime Prevention Research Center, wrote for Real Clear Politics: “Few seem to realize that stabilizing braces for pistols were originally designed to allow wounded and disabled veterans who may have lost the use of part of their hand to hold handguns. They are essentially a strap attached to the gun. Disabled individuals are often viewed as easy targets by criminals, and stabilizers make it easier to defend themselves.”

He cites Rick Cicero, a disabled veteran who lost his right arm and leg in an explosion while serving in Afghanistan 13 years ago.

“If they take this away, they’re violating their own law because this is designed and employed for people like me,” Cicero told Spectrum News 9 after the DOJ proposed the rule in 2021.

Cicero, who teaches fellow injured veterans on how to shoot again, added that “the most important thing to me about this brace, this whole aspect, is another avenue of getting injured veterans out of the house.”

According to Dr. Lott, the two instances that Biden cited to garner support for the new ATF policy weren’t even valid examples of braces being used to better commit a crime.

“All this started after President Biden cited a crime in 2021 in Colorado – where a shooter used a pistol stabilizing brace when attacking shoppers in a grocery store – to justify calling for classifying such brace-affixed pistols as machine guns,” Lott wrote. “Ahmed Al Alwi murdered 10 people at close range in a Boulder, Colo. grocery store. A previous shooting in 2019 by Connor Betts, in Dayton, Ohio, also involved a pistol brace. These are the only two cases of their kind and, more importantly, neither of them had any difficulty holding their guns and all their shots were fired at a short distance. There is no evidence that the brace made any difference in their ability to carry out the attacks. And there has been no surge in crime by the disabled or others using these braces.”

This all stems back to the inherent right that Americans have to self-protection through gun ownership. As FEE’s Brett Cooper wrote at the time of the rule proposal, James Madison condemned a governmental structure in which overarching entities can rewrite the law as they see fit.

In Federalist No. 48, the founding father warned that “the accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether of one, a few, or many, and whether hereditary, self-appointed, or elective, may justly be pronounced the very definition of tyranny.”

“This is exactly what is happening today,” Cooper wrote. “This stealth power grab should concern all Americans, even if they are outside the immediately-impacted gun community.”

AUTHOR

Olivia Rondeau

Olivia is a 21-year-old political commentator, strategist, and journalist hailing from the Washington, DC area, and currently based in Los Angeles.

RELATED VIDEO: Will Gun Control Make Us Any Safer?

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Gun Control Comes from a Place of Privilege by Patrick Carroll

Texas Is Now an “Open Carry” State, Here’s Why That’s a Good Thing by Hannah Cox

EDITORS NOTE: This FEE column is republished with permission. All rights reserved.

Silicon Valley Bank Parent Company Files For Bankruptcy

SVB Financial Group, the parent company for California tech lender Silicon Valley Bank (SVB), filed for Chapter 11 bankruptcy protection in New York Friday, the biggest filing of its kind since Washington Mutual Inc. in 2008.

SVB, which was SVB Financial Group’s main business, was taken over by federal regulators after it collapsed due to a bank run last week, with the Federal Reserve intervening to insure depositors. The bank announced it was filing for bankruptcy Friday in a bid to preserve the value of its assets.

“The Chapter 11 process will allow SVB Financial Group to preserve value as it evaluates strategic alternatives for its prized businesses and assets, especially SVB Capital and SVB Securities,” William Kosturos, Chief Restructuring Officer for SVB Financial Group, said in a statement. “SVB Capital and SVB Securities continue to operate and serve clients, led by their longstanding and independent leadership teams.”

SVB is under the jurisdiction of the Federal Deposit Insurance Corporation and not included in the Chapter 11 filing, according to The Washington Post. Bankruptcy offers a court-supervised reorganization to assist SVB Financial Group to find buyers for its assets besides SVB because it is under federal control, according to Reuters.

AUTHOR

JASON COHEN

Contributor.

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EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.


All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Silicon Valley Bank: The Woke Democrat Cesspool Is Deep And Wide

We’re learning new details about just how big a Woke Democrat cesspool Silicon Valley Bank really was.

The Bank’s political action committee donated primarily to Democrats for 20 years.  One hundred percent of the PAC’s donations went to Democrats in 2020, as well as in 2021-2022.  Last year, the PAC donated to Senators Chuck Schumer and Mark Warner, as well as other Democrat lawmakers.  Chuck Schumer and Maxine Waters said they would return the donations to the PAC or give them to charity.

California’s Democrat Governor Gavin Newsom and his wife were closely tied to the Bank.  In 2021, the Bank gave the Newsom’s nonprofit – California Partners Project – $100,000 at the request, suggestion, or solicitation of Gavin Newsom.  The president of SVB’s investment banking arm was a founding board member of the Newsom nonprofit, so the ties go way back.  That president is still on the nonprofit’s board.  The $100,000 gift was to support the nonprofit’s campaign for California’s gender quota law for corporate boards, a Woke cause if ever there was one.  The Bank tweeted in support of the nonprofit’s effort and proclaimed the Bank and the nonprofit were aligned on getting more women in the boardroom.  The law was later struck down as discriminatory, completely unconstitutional.  No word on whether the Newsoms will return the gift.

The Bank supported another Woke cause, the trained Marxists of Black Lives Matter.  This wasn’t just a pittance – the Bank gave over $70 million dollars to promote the burning of American cities in the summer of 2020, the destruction of the nuclear family as openly declared on BLM’s website, and the promotion of world communism through the global network of offices BLM opened with the generous financial support of Silicon Valley Bank and corporate America.  Black Lives Matter called the report about the $70 million “white supremacy” and distanced itself from the Bank saying it’s just run by “white people”.  Oh, and it also said ending the “gruesome exploitation” of black people will stop further bank failures.  Sure, and I’m the tooth fairy.

The Bank also pledged $5 billion dollars to fund green energy companies.  The Bank’s depositors were bailed out.  Critics called this a “gift to wealthy Democrat donors in the tech sector.”  The critics said there is no way depositors would have been made whole if they had been MAGA Republicans.  The critics also note the Democrat depositors could have purchased additional deposit insurance beyond the FDIC’s $250,000 limit on their own, but chose not to.  Evidently, being in tight with ruling Democrats WAS the insurance plan.  It’s also been noted Chinese firms are among the depositors being bailed out, something Treasury Secretary Janet Yellen has confirmed.  One Chinese company had $175 million in uninsured cash deposits at the Bank, which was just fine with the Democrats who ran the place, which will now be underwritten by higher fees imposed on all American banks for the federal deposit insurance program going forward.

SVB’s board was populated with dyed-in-the-wool Democrats – Hillary, Biden, Obama donors and only one had investment banking experience.  All you needed for the job was to be a good Democrat and to check the right diversity boxes.  What could possibly go wrong?  One board member went to a Shinto shrine to pray after Trump was elected, to get over her grief and shock after Hillary’s defeat.  The Bank crowed it had women, one black, one LGBTQ, and two veterans on the board – check, check, check, and double check.

The Bank’s alignment with Democrats was grand strategy.  “Everyone knew it was the go-to bank for woke CEOs,” one source told the New York Post. “They knew they were aligned politically. The companies SVB loaned money to all had a woke agenda,” the source said.  I can’t wait for one of them to say the strategy is still a perfectly good idea, it just wasn’t implemented correctly at SVB.  ‘We are the ones we’ve been waiting for, so we’ll do it better the next time.’  Isn’t that what they always say about socialism which has failed everywhere it’s been tried?

But that’s the Democrats, for you – corrupt to the core and congenitally unable to align with reality.  Tell me again why they deserve to govern?

©Christopher Wright. All rights reserved.

Visit The Daily Skirmish and Watch Eagle Headline News – 7:30am ET Weekdays

RELATED ARTICLE: Silicon Valley Bank Parent Company Files For Bankruptcy

The ESG Pushback Is On!

ESG, or “Environmental, Social and Governance” investing, is a pernicious left-wing tactic designed to achieve policy goals that cannot pass legislatures by distorting investment decisions.

ESG represents not only a sneaky false flag means of forcing policy decisions, but a real threat to investors large and small.

ESG may have already contributed to the insolvency of Silicon Valley Bank, which carried a portfolio high in investments made, not for the likelihood of achieving solid returns, but to curry favor with the “woke” mob.

Here are three points I made during my testimony at a North Dakota Senate hearing this week (full submission at CFACT.org) that apply equally to every state:

  • ESG is not concerned with advancing the economic interests of North Dakotans. Instead, it is a top-down, elitist inspired effort reflecting the interests and priorities of multibillionaires and internationalists.
  • ESG is random with its ratings, it’s not applied fairly, and it empowers America’s adversaries – notably China.
  • It simply doesn’t work. ESG investing is not getting the returns it promised investors, nor is it changing the world for the better. In fact, it’s doing the opposite!

Governor Ron DeSantis announced legislation to protect Floridians from ESG which he stated “builds on my commitment to protect consumers’ investments and their ability to access financial services in the Free State of Florida,” said Governor Ron DeSantis. “By applying arbitrary ESG financial metrics that serve no one except the companies that created them, elites are circumventing the ballot box to implement a radical ideological agenda. Through this legislation, we will protect the investments of Floridians and the ability of Floridians to participate in the economy.”

“We will not stand idly by as the stability of our country’s economy is threatened by woke executives who put their political agenda ahead of their clients’ finances,” DeSantis said.

The Washington Examiner reports that DeSantis will form an anti-ESG alliance “with Alabama, Alaska, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Oklahoma, South Dakota, Tennessee, Utah, West Virginia, and Wyoming.”

These states are expected, in addition to other measures, to forbid their pension funds from abandoning sound business practice in pursuit of ESG.

The life savings of pensioners, and every one of us engaged in “the pursuit of happiness” in America, are not fair game for left-wing social engineering.

AUTHOR

Craig Rucker

RELATED ARTICLE: Florida Governor Ron DeSantis to unveil alliance with 18 states to combat Biden’s ‘woke’ ESG agenda

EDITORS NOTE: This CFACT column is republished with permission. ©All rights reserved.

Former Treasury Official Says U.S. Banks On Verge Of ‘Nationalization’

A former Treasury Department official said Tuesday that American banks were on the verge of being nationalized following the Friday collapse of Silicon Valley Bank and the government’s response.

“What the authorities did over the weekend was absolutely profound. They guaranteed the deposits, all of them, at Silicon Valley Bank. What that really means — and they won’t say it, and I’ll come back to that — what that really means is that they have guaranteed the entire deposit base of the U.S. financial system. The entire deposit base,” Roger Altman, a former deputy Treasury secretary in the Clinton administration, told CNN host Kaitlan Collins. “Why? Because you can’t guarantee all the deposits in Silicon Valley Bank and then the next day say to the depositors, say, at First Republic, sorry, yours aren’t guaranteed. Of course they are.”

WATCH:

Federal regulators shut down Silicon Valley Bank Friday after its stock price collapsed and customers began a bank run following the financial institution’s disclosure of a $1.8 billion loss on asset sales due to high interest rates, CNBC reported. Depositors who had accounts at Silicon Valley Bank and Signature Bank, which was shut down by regulators Sunday, will be able to fully recover their funds, the FDIC announced Sunday in conjunction with the Treasury Department and the Federal Reserve.

“So this is a breathtaking step which effectively nationalizes or federalizes the deposit base of the U.S. financial system. You can call it a bailout, you can call it something else, but it’s really absolutely profound,” Altman continued. “Now, the authorities, including the White House, are not going to say that because what I just said of course implies that they have just nationalized the banking system. Technically speaking, they haven’t. But in a broad sense, they are verging on that.”

When Collins called Altman’s statements “remarkable,” Altman emphasized that he had not said the banks had been nationalized.

“I said they are verging on that because they have guaranteed the entire deposit base. Usually the term nationalization means that the government takes over the institution and runs it and the government owns it,” Altman explained. “That would be the type of nationalization we have seen in many other countries throughout the world. Obviously, that did not happen here. When you guarantee the entire deposit base, you have put the federal government and the taxpayer in a much different place in terms of protection than we were in a week ago.”

AUTHOR

HAROLD HUTCHISON

Reporter.

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EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.


All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

‘Rapid Deterioration’: Moody’s Rating Service Downgrades U.S. Banking System

It’s coming down fast, folks. Literally and figuratively.

Biden voters have destroyed this country.

‘Rapid Deterioration’: Major Rating Service Downgrades U.S. Banking System

By: Spencer Brown | Townhall March 14, 2023 12:00 PM

Following the biggest bank failure since the financial crisis of 2008, Moody’s Investor Service has downgraded its rating of the “U.S. banking system” in the latest sign that President Biden’s Monday morning attempt to assuage concerns went over like a lead balloon.

Moody’s cuts outlook on entire U.S. banking system to negative, citing ‘rapidly deteriorating operating environment’ – CNBC

Moody’s — one of three major rating entities — downgraded its outlook for the U.S. banking system from “stable” to “negative” on Tuesday morning “to reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY,” Moody’s explained.

In addition to downgrading the entire banking system, Moody’s also issued warnings for several individual banks “with substantial unrealized securities losses and with non-retail and uninsured US depositors” that “may still be more sensitive to depositor competition or ultimate flight” and end up “with adverse effects on funding, liquidity, earnings and capital.”

The unrealized losses, specifically, have become substantial:

View FDIC Unrealized Gains (Losses) on Investment Securities infographic.

The specific institutions being monitored by Moody’s for “potential downgrades” include INTRUST Financial, Western Alliance, Comerica, Zions Bancorp, and First Republic.

Markets, however, did not seem to move much on the news.

Moody’s just cut its outlook on U.S. banking system to negative due to ‘rapidly deteriorating operating environment’

Keep reading.

AUTHOR

RELATED VIDEO: Biden: ‘Economy is strong as hell’ despite inflation | Morning in America

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EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

Thousands of Schools Won’t Tell Parents About Kids’ Gender Transition: Report

More than 5,000 schools across the nation allow teachers to hide a child’s decision to identify as a member of the opposite sex from the child’s parents. The parental exclusion policy — which is heavily advocated by LGBT lobbying groups and applies to more than 3.2 million children nationally — has already resulted in the sexual trafficking of at least one young girl.

A total of 5,904 schools in 168 school districts nationwide allow, or require, teachers to conceal children’s transgender “social transition” — in which children change their name or preferred pronouns, or begin using the locker rooms of the opposite sex — from their parents. School districts keeping legal guardians ignorant about their children’s life-altering decisions stretch from Portland, Maine, to Portland, Oregon, and from Alaska to Arizona.

“This investigation shows that parental exclusion policies are a problem from coast-to-coast — and that living in a red state doesn’t mean that families are automatically shielded from this issue,” said Nicole Neily, president of Parents Defending Education (PDE), which compiled the list. PDE discovered four districts in deep-red Kansas that have adopted the policy, crafted by LGBT activists. For example, Wichita Public Schools’ teacher training claims, “The lack of using [a child’s preferred] pronouns could lead to death.”

In all, PDE reports, such policies affect 3,268,752 students — and their parents — in 28 states and the District of Columbia.

“This list is not comprehensive,” the report notes.

A Virginia high school’s decision to conceal a teenage girl’s gender transition ended with the teen being drugged, gang-raped and, on two separate occasions, sexually trafficked. In August 2021, 14-year-old Sage began attending Appomattox County High School. Her biological grandmother, Michele, who legally adopted her, said Sage told her “all the girls there were bi, trans, lesbian, emo,” and Sage soon decided she “wanted to wear boys’ clothes.” But Michele added, Sage told school officials “she was now a boy named Draco with male pronouns. Sage asked the school not to tell me, and they did not tell me.”

After a group of boys accosted and threatened to rape her in the boys’ restroom, Michele took Sage home and found a pass made out to “Draco.” Michele said Sage was too afraid to return to school, so she ran away to meet an online “friend,” who sexually trafficked her through Washington, D.C. and Maryland. By the time the FBI found her locked inside a room in Baltimore nine days later, Michele recalled, Sage had been “locked in a room, drugged, gang-raped, and brutalized by countless men.”

“One of the expert witnesses in the hearing [on January 30] confirms that online predators do target social media accounts of children who list themselves as ‘ftm’ or ‘female to male,’” Delegate David LaRock (R-Berryville) told The Daily Signal.

But Sage’s nightmare had only begun. A judge accused Michele and her husband of inflicting “emotional and physical abuse” by “misgendering” their granddaughter. The judge had Sage committed to the male section of a children’s home, where she was “repeatedly beaten” and “given street drugs,” Michele said. Sage ran away from the home, but the FBI found her in the grips of a sexual trafficking in Texas. Sage had again “been drugged, raped, beaten, and exploited.”

“Sage isn’t unique,” LaRock told “Washington Watch with Tony Perkins” on February 9, although “the degree to which she’s been violated is, hopefully, rare.”

Reports of schools allowing or encouraging minors to “socially transition” to another gender have trickled out, as outraged parents have taken legal action against the districts on PDE’s list. A coalition of parents sued Iowa’s Linn-Mar Community School District last summer. Last month, Amber Lavigne filed a lawsuit against the Great Salt Bay Community School in the coastal Maine village of Damariscotta — population 2,300 — after she found a chest binder in her 13-year-old daughter’s belongings. A social worker facilitated the child’s decision to identify as another gender, and the school withheld all information from her mother, according to her legal counsel. “The school never stopped trying to keep me in the dark at every turn, repeatedly stonewalling me when I tried to find out what was going on,” said an exasperated Lavigne, who is represented by the Goldwater Institute. “My parental rights aren’t up for debate: I deserve to know what’s happening to my child in school.”

“Counselors and teachers didn’t tell Sage’s family about the fact that she was transgender. And she got caught up in some horrific human trafficking issues, and they almost lost her,” Virginia Governor Glenn Youngkin (R) told a CNN townhall last Wednesday. “There’s a basic rule here, which is that children belong to parents — not to the state, not to schools, not to bureaucrats, but to parents.”

Last September, Youngkin enacted model school guidelines that affirm, “School personnel shall keep parents fully informed about all matters that may be reasonably expected to be important to a parent.” Parents may “determine (a) what names, nicknames, and/or pronouns, if any, shall be used for their child by teachers and school staff while their child is at school, (b) whether their child engages in any counseling or social transition at school that encourages a gender that differs from their child’s sex, or (c) whether their child expresses a gender that differs with their child’s sex while at school,” the guidelines add.

Despite Youngkin’s actions, the report lists seven school districts in Virginia that continue to hide social transition from parents.

To remedy the situation, LaRock introduced “Sage’s Law” (H.B. 2432), which requires school officials to contact parents if a child begins using names or pronouns not consistent with his or her sex. The bill passed the House of Delegates on February 6 by a narrow 50-48, party-line vote. (Democratic Delegate Cliff Hayes also intended to vote no.) It is currently under Senate consideration.

The Republican-controlled U.S. House of Representatives is taking steps to assure no American parent is frozen out of his or her child’s life decisions. Last week, House Republicans advanced a measure barring any federally funded elementary or middle school from changing a “minor child’s gender markers, pronouns, or preferred name” on any school form, or allowing students to use the restrooms and changing facilities of the opposite sex. The House Education and the Workforce Committee adopted the measure — originally introduced as a separate bill, the Parental Rights Over the Education and Care of Their (PROTECT) Kids Act, by Rep. Tim Walberg (R-Mich.) — as an amendment to the Parents Bill of Rights (H.R. 5). Senator Tim Scott (R-S.C.) introduced a companion bill in the Senate (S. 200).

Walberg, an ordained pastor who once worked for the Moody Bible Institute, found it “unconscionable that some believe that parents should be kept in the dark regarding gender transitions of their own children. He urged Congress to “ensure that schools do not hide important information about children from their own parents,” “increase transparency, and defend the God-given authority and rights of parents.”

President Joe Biden is all but certain to veto such a bill. The president’s now-inactive nonprofit, the Biden Foundation, partnered with Gender Spectrum, a group whose “Gender Support Plan” tells schools to have “contingencies in place” if parents find out their child is “being supported” against their will. Since taking office, Biden has said transgenderism reflects “the image of God.”

You may see PDE’s incomplete list of the school districts that have adopted anti-parental rights transgender policies here. The group asks citizens to report such policies to PDE.

“Frighteningly, this only begins to scratch the surface of what is taking place behind closed doors in America’s schools,” said Neily. “Without a doubt, there are hundreds (if not thousands) of others with similar policies on the books.”

AUTHOR

Ben Johnson

Ben Johnson is senior reporter and editor at The Washington Stand.

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EDITORS NOTE: This Washington Stand column is republished with permission. All rights reserved. ©2023 Family Research Council


The Washington Stand is Family Research Council’s outlet for news and commentary from a biblical worldview. The Washington Stand is based in Washington, D.C. and is published by FRC, whose mission is to advance faith, family, and freedom in public policy and the culture from a biblical worldview. We invite you to stand with us by partnering with FRC.

10 Things to Know about the Silicon Valley Bank Collapse

This weekend was the most tumultuous for the banking sector since 2008, as an apparently prosperous, mid-sized bank completely collapsed. When the dust settled, federal regulators had taken over management of two banks while several others teetered on the brink.

Needless to say, the incident has deeply shaken Americans’ confidence in the banking industry. To complicate matters, most Americans are busy shuttling their kids to school and earning an honest day’s living (as they should be) — too busy to keep up with the cacophony of opinions firing around industry jargon amid rapidly developing facts. So, for those too gainfully employed to dig through the noise themselves, here are 10 things to know about the mini-crisis in the banking sector that occurred over the weekend.

1. Silicon Valley Bank exploded since 2020 to become the nation’s 16th largest bank.

As the name suggests, Silicon Valley Bank (SVB) was based in Santa Clara, California — otherwise known as Silicon Valley. It operated 17 branches in California and Massachusetts. This location, plus the bank’s startup friendly policies, meant that SVB was the bank of choice for many tech companies, particularly tech startups funded by venture capital, operating in Silicon Valley.

Over the past three years, SVB had more than tripled in size. It began January 2020 with $55 billion in deposits and ended December 2022 with $186 billion. Last week, it had $175 billion. Two factors contributed to its explosive growth. First, COVID lockdowns created a spike in demand for digital technologies, which is exactly what tech startups intend to provide. Second, trillions of dollars in irresponsible federal COVID spending left investors flush with cash to pour into tech startups. Most of the tech startups deposited their extra cash in SVB.

2. SVB over-invested in long-term public debt.

However, the dirt-cheap interest rates at the time made it hard for SVB to make all that dough rise. You’re likely aware that banks don’t bury your deposits in the ground like the worthless servant (Matthew 25:25-27); they lend most of it out again at interest, which is how banks stay in business. But SVB couldn’t lend all those billions of dollars out with everyone already flush with cash, so they opted instead to purchase long-term, U.S. government bonds and notes. SVB purchased $80 billion in 10-year U.S. Treasury notes, along with other public debt.

U.S. treasury notes, bills, and bonds are the primary way that the U.S. Treasury finances government deficit spending. These different securities (which differ from each other primarily in duration) are essentially IOUs that yield interest over time and can be redeemed at face value at a fixed future date. For instance, a 10-year Treasury note yields interest every six months and may be redeemed 10 years after it was issued. Once issued, these notes often change hands and are considered safe, reliable assets in an investment portfolio — which means they yield a low but certain return on investment.

Longer-term Treasury notes yield a higher return than shorter-term notes, due to uncertainty about future interest rates. For instance, when SVB was purchasing Treasury notes in 2020, 10-year notes were paying 1.5% interest, while short term notes were paying 0.25% interest. SVB opted to invest heavily in 10-year notes, which paid a higher yield.

Then, in 2022, the Federal Reserve jacked up interest rates to try and combat inflation. The Fed raised the target range for federal funds interest eight times in 12 months, from 0.00%-0.25% to 4.25%-4.50%. Suddenly, SVB’s 10-year loans paying 1.5% interest weren’t so lucrative anymore.

Around the same time, venture capital funding for tech startups dried up, and those companies (many of which take years to become profitable, if they ever do) began to draw on the funds they had stored up in SVB. To cover these withdrawals, SVB had to sell its long-term Treasury notes. But because market interest rates have risen, and the Treasury notes’ interest rate remains fixed, SVB couldn’t find a buyer willing to pay full price for the notes, and it had to sell $21 billion in assets at a loss of $1.8 billion.

3. SVB experienced an old-fashioned bank run.

Once it announced the losses, some investors smelled trouble and began to pull out even more money. Customers eventually withdrew an eye-popping $42 billion, a quarter of all deposits. In a new twist on an old-fashioned bank run, Silicon Valley Bank simply ran out of money to give customers on Friday, and had to shut its doors. SVB was the largest bank failure since Washington Mutual in 2008.

Andy Kessler, analyst with The Wall Street Journal, blamed SVB managers for making three critical mistakes: reaching for yield just before interest rates were set to rise, misreading its customers’ cash needs, and not selling equity to cover losses. “You’re really only allowed one mistake; more proved fatal,” he said.

In response to the bank failures of the Great Recession, Congress in 2010 passed legislation authorizing the Federal Deposit Insurance Corporation (FDIC) to insure “$250,000 per depositor, per insured bank” in case of collapse. (Congress created the FDIC in 1933, in response to the Great Depression, as part of FDR’s New Deal.) The goal was to eliminate or mitigate bank runs by creating a safety net to protect consumers.

However, most of SVB’s depositors (“something like 85% to 90%,” wrote The WSJ’s Editorial Board) had deposits that exceeded that threshold. That’s because most of SVB’s clients were companies or wealthy Silicon Valley types, and not ordinary Americans. The streaming company Roku, for example, had $487 million (26% of its cash) deposited in SVB. Unusually for a post-Great Recession bank, the vast majority of money deposited in SVB was not insured by the FDIC.

4. SVB run takes out Signature Bank, hits other banks hard.

SVB’s abrupt fall hit other medium-sized banks like a shock wave. The hardest hit was New York City-based Signature Bank, another medium-sized bank with many corporate clients above the FDIC insurance threshold. At the end of 2022, Signature had 40 locations and $88 billion deposits. But customers withdrew $10 billion from Signature on Friday, forcing the bank into the third largest bank closure in U.S. history.

Another bank to take a hit was First Republic, a San Francisco-based bank around the same size as SVB, which also had a high proportion of uninsured stocks. Its stock fell hard (as of this writing, it is down more than 60% in value) after it announced that it had gained access to $70 million in loans from the Federal Reserve and JPMorgan Chase. While the announcement likely means the bank will not fail, it also leaves investors wondering whether it was about to fail.

Bank stocks suffered across the board. The KBW NASDAQ index of commercial banks was down 11%, as even the largest, most secure banks took a hit. Some regional bank stocks like PacWest Bancorp, Zions Bancorp, and Comerica were down more than 20%. Many of the stocks grew so volatile that exchanges temporarily froze trading on them. The stock plunge could affect banks’ ability to raise money by selling shares, if they need to do so as a last resort.

5. Feds bail out all depositors, even those above insurance limit.

Federal regulators scrambled over the weekend to respond to the Friday collapse of SVB and Signature Bank. California and New York bank regulators placed SVB and Signature Bank, respectively, into receivership with the FDIC. The FDIC fired the previous executive teams and will essentially run the insolvent banks until it can find private buyers.

On Sunday, the Treasury Department, the Federal Reserve, and the FDIC issued a joint statement on the bank failures, announcing that they were “taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system.”

“Depositors will have access to all of their money starting Monday, March 13,” they promised, but “Shareholders and certain unsecured debtholders will not be protected.”

“No losses will be borne by the taxpayer,” the joint statement continued. “Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.”

6. Federal response creates incentives for bad behavior.

This last declaration from the federal agencies amounts to the government taking money from banks that did not collapse, in order to pay off the uninsured deposits from the banks that did collapse. National Review’s Philip Klein wrote,

“Defenders of this decision will try to make it seem as if it’s an extraordinary, one-off decision by regulators, but in practice, it has created a huge moral hazard by signaling that the $250,000 FDIC limit on deposit insurance does not exist in practice. The clear signal it sends is that when financial institutions make poor decisions, the government will swoop in to clean up the mess.”

“Moral hazard” is an economic concept that describes how people will engage in riskier behavior if they are protected from the consequences.

7. Federal government compounds bad policymaking with more bad policymaking.

While SVB executives bear some of the blame for the bank’s sudden collapse, poor federal policymaking played a role, too.

COVID-era lockdowns and excessive deficit spending — including direct payments to individuals kept from working by government policy — helped to create the cash glut that led SVB to grow too big, too fast, with nowhere to reinvest its deposits. These panic-driven polices, which didn’t even make sense at the time, occurred in both 2020 and 2021, under both a Republican and a Democratic president, and many of the spending packages received bipartisan support.

This cash glut also caused inflation, which the Federal Reserve has tried to fight by raising interest rates. Despite the bank collapses, on Monday stock traders said there was an 85% probability that the Fed will raise rates another 0.25% when it meets next week. Like a water skier lifted airborne by one wave and body-slammed by the next, SVB exploded with massive deposits, only to wipe out when massive withdrawals combined with massive interest rate hikes.

Now, federal agencies propose to clean up the damage by guaranteeing uninsured deposits, a signal that these deposits are virtually insured.

8. President Biden signals confidence in banking system.

President Biden briefly addressed the banking issue Monday morning, “Thanks to the quick action of my administration the past few days, America is going to have confidence that the banking system is safe. Your deposits will be there when you need them.”

9. U.S. federal government can do little to boost confidence in banks.

Throughout the 21st century, the U.S. federal government has essentially pledged itself as the backstop for any collapse of the financial sector.

That policy only works so long as the U.S. federal government remains solvent. In a report last month, the Congressional Budget Office projected that the U.S. government will spend more money in interest payments on an ever-growing national debt than on national defense by 2028; it also projected that Social Security will become insolvent in 2033. Meanwhile, a divided Congress is at loggerheads about raising the debt ceiling, which the government hit on January 19, with Democrats and Republicans at odds about whether spending cuts should go along with a debt ceiling increase.

So, it’s worth wondering how much pledges by the U.S. federal government can boost credibility in the banking system. In fact, the latest (2022) Gallup public opinion poll found that a higher percentage of Americans have a “Great deal” or “Quite a lot” of confidence in banks (27%) than in Congress (7%) or the Presidency (23%).

10. Worldly wealth is fleeting, but a Christian can trust in God.

Reading an in-depth explainer about the collapse or tottering of several bank institutions and an emergency response from the federal government has the potential to provoke fear or anxiety in anyone, particularly a person who is cautious by nature. But while there’s room for prudence, a biblical response will not get stuck in that rut.

“No one can serve two masters, for either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve God and money,” Jesus told his followers (Matthew 6:24). Clearly Jesus means that we should serve God instead of money. But what reasons does he give?

Jesus had just said, “Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also” (Matthew 6:19-21). Earthly treasures have a tendency to up and leave.

Proverbs makes the same point, “Do not toil to acquire wealth; be discerning enough to desist. When your eyes light on it, it is gone, for suddenly it sprouts wings, flying like an eagle toward heaven” (Proverbs 23:4-5).

Building your life on worldly wealth is “like a foolish man who built his house on the sand” (Matthew 7:26). It might look just fine while all goes well, but when “the rain fell, and the floods came, and the winds blew and beat against that house,” Jesus said, “it fell, and great was the fall of it” (Matthew 7:27). By contrast, said Jesus, “Everyone then who hears these words of mine and does them will be like a wise man who built his house on the rock,” which “did not fall in the storm, “because it had been founded on the rock” (Matthew 7:24).

Are you trusting your future happiness to a bank’s survival, or to your heavenly Father?

Jesus gives another reason to serve God rather than money: the kindness of God will supply the needs of his children. Consider the birds and the lilies, he said. “If God so clothes the grass of the field, which today is alive and tomorrow is thrown into the oven, will he not much more clothe you?” (Matthew 6:30).

“Therefore,” Jesus applies the lesson, “do not be anxious, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ … Your heavenly Father knows that you need them all. But seek first the kingdom of God and his righteousness, and all these things will be added to you.” (Matthew 6:31-33).

AUTHOR

Joshua Arnold

Joshua Arnold is a staff writer at The Washington Stand.

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EDITORS NOTE: This Washington Stand column is republished with permission. All rights reserved. ©2023 Family Research Council.


The Washington Stand is Family Research Council’s outlet for news and commentary from a biblical worldview. The Washington Stand is based in Washington, D.C. and is published by FRC, whose mission is to advance faith, family, and freedom in public policy and the culture from a biblical worldview. We invite you to stand with us by partnering with FRC.

Another Bank Shutdown: Signature Bank Closed

There will be no accountability and no correction because it is Democrat malfeasance.

Barney Frank was the US Rep behind the Dodd-Frank bill put in place after the 2008 bank crash. The government arguably caused the failure and then turned around and put in a massive amount of regulations in response to the failure.

The monstrosity was the Dodd-Frank bill, named in part for Barney Frank.(TPG)

This is the same Barney Frank whose boyfriend, Stephen Gobie (whom Frank had once hired as a male prostitute) was running a male-brothel out of his home.

The US government shut down Signature Bank on Sunday.

On Friday, regulators closed Silicon Valley Bank, sparking panic among startups and VCs.

By: Yahoo Finance, March 13, 2023:

Both banks had a huge amount of customer deposits that were not insured by the FDIC. There are others.

A second bank was shut down by the US government on Sunday. This time it was Signature Bank.

What does this financial institution have in common with Silicon Valley Bank? They both had huge amounts of customer deposits that were not insured by the FDIC.

The FDIC insures US bank deposits up to $250,000 per account to prevent bank runs and failures. The demise of SVB, and now the collapse of Signature Bank, have stretched this system to a breaking point.

On Sunday, the US Treasury, Federal Reserve, and FDIC said in a joint statement that all depositors of SVB will be made whole on Monday. The authorities are completely ignoring the $250,000 insurance limit. SVB had $173 billion in total deposits and roughly 88% of that was not covered.

That’s more than $150 billion in extra deposits that the FDIC has suddenly decided to insure.

The authorities are giving the same special exemption to Signature Bank, so all depositors will be made whole there too. Signature had $89 billion in total deposits, and 90% of those were not insured by the FDIC. That’s another $79 billion that this agency is taking on its shoulders.

“By insuring all deposits at SVB and Signature, regulators judged the risk of cascading effects to other regional banks and the broader economy to be more significant than the moral hazard of increasing FDIC limits,” said Rich Falk-Wallace, CEO of data analytics firm Arcana and a former portfolio manager at hedge fund Citadel.

In the case of SVB and Signature, the high percentage of uninsured deposits is partly a function of having a relatively small number of clients with large balances. At SVB, for example, Roku revealed it had almost $500 million in deposits at the bank, extending far beyond the $250,000 guarantee.

Keep reading.

AUTHOR

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EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

Therapeutic Nihilism by The Lords of Healthcare—Part One

“Those who profess to favor freedom and yet depreciate agitation, are men who want crops without plowing up the ground.  They want rain without thunder and lightning.  They want the ocean without the awful roar of its many waters.  This struggle may be a moral one or it may be a physical one; or it may be both moral and physical; but it must be a struggle.  Power concedes nothing without a demand.  It never did and it never will.” —  Frederick Douglass

“History fails to record a single precedent in which nations subject to moral decay have not passed into political and economic decline. There has been either a spiritual awakening to overcome the moral lapse or a progressive deterioration leading to ultimate national disaster.” — General Douglas MacArthur

“The most dangerous man to any government is the man who is able to think things out for himself without regard to the prevailing superstitions and taboos.  Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane and intolerable.” —  H. L. Mencken

“The greatest perpetrator of misinformation during the pandemic has been the United States government.” —  Dr. Marty Makary


I believe the entire hospital protocols were purposely murderous.  Remember, five governors put C-19 patients in nursing homes and killed off hundreds of thousands of elderly Medicare/Medicaid and Social Security residents.  Governors Newsom (D-CA), Whitmer (D-MI), Cuomo (D-NY), Wolf (D-PA), and Murphy (D-NJ) all stated that hospitals were running out of room, but what were their real motives?

Those hundreds of thousands of deaths helped to plant fear, and the oldsters needlessly died alone and without their loved ones.

The public was poisoned against repurposed cheap drugs that prevented and/or cured the virus called COVID.  Taking Hydroxychloroquine early in treatment for C-19 kept the virus from gaining a deadly foothold.  When C-19 had progressed, Ivermectin twice a day according to weight gave quick recovery to most of those without extensive comorbidities.  Adding Azithromycin and prednisone, an antibiotic and anti-inflammatory, helped to quell the cough and respiratory problems in short order.

In Argentina, Dr. Hector Carvallo’s prevention trials, with many of the repurposed-drug early treatments and prophylactic treatments, showed a 100% prevention of acquisition of Sars-coV-2 on patients who were on prophylactic ivermectin.  The molecule in ivermectin doesn’t just treat parasites, it has 22 mechanisms of action against Sars-coV-2, has seven or eight anti-viral mechanisms and it has multiple immune modification mechanisms.  In Dr. Carvallo’s study, two months of healthcare workers taking one ivermectin a week, zero contracted COVID.  In the placebo control group of 400 people, 57% contracted COVID.  This is how effective ivermectin was in prevention in a hospital setting.  You cannot make the same claim for these “vaccines.”

Those inexpensive repurposed drugs would have saved a majority of the lives lost.  Instead of allowing physicians the ability to save their patients by trying various treatments that would attack the symptoms the government, i.e., unelected councils…NIH, CDC, FDA, AMA, Medical Journals and mainstream media, claimed the 50- and 60-year-old drugs of IVM and HCQ were dangerous.

Why?

Because money was to be made, and massive reports of death created fear.  And fear created compliance and compliance was necessary to create the goal of a cure via inoculations.

The incompetent, devious and nihilistic Lords of Healthcare laughed all the way to the bank while Americans died.

Fear porn had won.

Murder for Gain

Allowing inexpensive treatments to restore health would not fill Big Pharma’s pockets. All of the unelected entities were slobbering over the filthy lucre flowing into their pockets.  The deaths didn’t matter, money was to be made.  Mass murder via government protocols was collateral damage that fueled depopulation advocates’ goals and saved government funding of the elderly who were quickly dispatched.  Hospitals loved the federal payouts for C-19 deaths.  Why wouldn’t they?  The government allocated $175 billion for hospitals and other providers in April of 2020.

Control won…first we donned the masks, then we locked down for months, closed our businesses, declared bankruptcy and when we got sick, most physicians would do nothing for us until we couldn’t breathe and then we entered the hospital to die. Most who tested positive for C-19 ended up on a ventilator…and 80% of them died. The C-19 tests were faulty, never should have been used and resulted in excessive positive results.

Ultimately, the majority of Americans willingly signed up for untested experimental injections available through Emergency Use Authorization and given “free” by the government.

If anything goes awry, Big Pharma has total immunity from legal liability under the Public Readiness and Emergency Preparedness Act (PREP Act).  The controversial Act was signed into law by George W. Bush in December of 2005.  It provides immunity for the “manufacture, testing, development, distribution, administration, and use of covered countermeasures.”  Health and Human Services Secretary Alex Azar declared COVID-19 an emergency and invoked the PREP Act on February 4, 2020.

On march 27, 2020, Congress quickly enacted legislation thru the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) which provided over $2 trillion in funds to address the economic impacts of the pandemic. Brookings reported unheard of massive waste, fraud and corruption.

Federal funds were disbursed to hospitals to help them cope with the C-19 emergency.  The feds paid hospitals a fee for giving a C-19 test, another fee for admittance of the patient to hospital, plus the full daily Medicare with 20% added onto the hospitalization rate, no matter the insurance status. Admission nets the hospital $13K, but when they ventilate a patient, it soared to $39K.

Medicare even announced it would pay 20% more as an add-on if hospitals used the new FDA-approved drugs for C-19!  In other words, hospitals can rake in even more if they give three treatments of Remdesivir at $3100. per treatment.  Kidney or liver failure didn’t matter to the hospital administrators…more money in their pockets. WHO recommended against using Remdesivir, but Gilead raked in over $7 billion on the sale of their drug which cost them about $10.00 per dose to manufacture.

Early HCQ or IVM treatment for COVID would have jeopardized all the hospital payments.

As Minnesota State Senator, Scott Jensen M.D. told us in countless interviews, hospitals were incentivized to code admissions as having COVID-19 even when they didn’t have positive tests!  I know of too many elderly family members who, upon autopsy, were found to have bacterial pneumonia or flu, which could have been treated and saved their lives.  Oh, that every C-19 diagnosed patient who died been autopsied.  And now with the poisonous injections, we even need more autopsies to document the effects of the jabs.

The CARES Act also provided immunity for guess who…healthcare workers treating C-19 patients.  State governors added more immunity via executive orders.

Check out the state-by-state National Survey of COVID-19 Medical Malpractice Immunity Legislation (As of November 18, 2020).

States like New York covered civil liability for injury or death alleged to have been sustained directly as a result of an act or omission by person/persons covered.

Persons included in coverage were physicians, physicians assistants; specialist assistants; nurse practitioners; licensed registered professional nurses; licensed practical nurses.

The only conduct not covered was gross negligence.

But wait a minute…isn’t “gross negligence” exactly what we saw with the promotion of these one-size-fits-all hospital protocols and the untested, unstudied, untrialed Big Pharma medications?

Remdesivir Kills

Remdesivir, sold under the brand name Veklury, is a broad-spectrum antiviral medication developed by the biopharmaceutical company Gilead Sciences.  It was a pre-existing drug candidate developed by Gilead Sciences as part of an antiviral development effort, with initial results against Ebola virus (EBOV) reported in 2015.

Dr. Anthony Fauci claimed Gilead’s remdesivir would aid in COVID recovery.  The National Institute of Allergies and Infectious Diseases, (NIAID) headed by Fauci, asserted remdesivir studies proved it effective against COVID-19.

It actually can damage your kidneys and liver.  Despite the lack of positive studies, the FDA approved Remdesivir with another Emergency Use Authorization (EUA).

Remdesivir didn’t work.  Results were terribly negative.

In late August 2020, a disproportionately high number of reports of liver and kidney problems in patients receiving remdesivir were reported compared with patients receiving other drugs for COVID-19. The European Medicines Agency (EMA) also announced that its safety committee had started a review to assess reports of acute kidney injuries in some patients taking remdesivir.

Patients who knew that remdesivir was not a reliable or safe drug, were told they could instead receive Veklury, which is remdesivir.  One has to wonder; how many were fooled into being given the drug.

The oral C-19 medication, Paxlovid, wasn’t much better.  Paxlovid didn’t significantly reduce the risk of hospitalization or death in people. 

And that’s not all!  What about Operation Warp Speed Death Jabs?

Jabs, Jabs and More Jabs

You can’t tell me that pharmacists, physicians and nurses didn’t know that vaccines were supposed to be tested for years and that you never vax during a pandemic.  And what about if you’d had and recovered from C-19?  Why would you need a jab if you have natural immunity?  Common medical knowledge was thrown to the wind…and the media hawked the jabs day and night…even offering incentives.  Now this evil poison is to be given to our children before they enter the perverted government schools.  Children don’t even get COVID, so why?

Can you believe the horrific number of injections our children must now submit to?

The documents of Pfizer and Moderna, those they wanted to keep hidden for 75 years, tell the story of betrayal. The infertility, the miscarriages, the heart damage, the blood clots, the cancers, the evil destruction of healthy young bodies and the sudden deaths, all caused by one, two or five injections of the Big Pharma poison to depopulate.

Zoetis is a subsidiary of Pfizer and has quietly injected 100 million animals with the horrific mRNA technology. Livestock has also started to receive mRNA injections.

Why?

Worse yet, Bill & Melinda Gates Foundation just announced a $4.7 million grant for a company that sells face masks for cows to stop their methane belches.  This is the most insane thing yet. 

It isn’t evil enough that they’re forcing these injections on our babies when they enter school. Messenger RNA and abusive and abrasive contraptions on cattle for a fabricated non-existent problem.

Mass murder of man and animals.

If ever truth fully comes to light and the American people wake up, those culpable will stand trial.

“I was just following orders” won’t hold any more water today than it did in 1945-1946.

Those who have needlessly lost loved ones want to see justice today.

The gallows await them.

“Vengeance is mine,” sayeth the Lord.

Ivermectin Saves

How many people were able to secret Ivermectin (IVM) into sick family or friends in hospital with Sars-coV-2?  I know of several, especially where the hospitals still allowed family to visit.  When this life saving drug was given, the recovery was rapid.  Within a couple days, the patient was feeling so much better and within a few more days was released to go home.

The resistance by hospitals for Ivermectin was incredibly difficult, even when an attorney had taken the case to court and the judge had instructed the hospital to give IVM.  The court battles were unconscionably difficult with IVM witnesses being called quacks.  Dying men and women were fighting for the last chance to save their lives and many were denied their “right to try” a cheap, FDA and WHO approved drug as their last and only hope since nothing but remdesivir was being offered.  Hospitals retained “godlike power” over the patients, telling them they could not choose their own care. As John Leake explains in his and Dr. Peter McCullough’s book, The Courage to Face Covid-19, “for most gravely ill patients and their families, this power resulted in death.”

The patient’s families would state in writing they would indemnify the hospitals of liability for any adverse effects of IVM and that their primary care physicians would administer the drug.  In many cases, if the court told the hospital to give the drug, one pill would be given, the patient would improve, but then the hospital would refuse to give additional medication.

Dr. Pierre Kory had testified before the Senate and showed the studies proving IVM was a valid treatment for Sars-coV-2.  Yet, the resistance was phenomenal.  After one dose, attorneys would need to return to court to order the hospital to give more than one dose of IVM.  Families would beg and plead with the hospitals to no avail.  Many had to fight to have the family doctor administer IVM or to be able to take the patient home. The hospitals demanded the patient’s physician come to the hospital to administer the drug.

Many had to find ways to smuggle IVM in to patients before they were put on vents, and those who were successful had a 100% recovery rate.

Every medical facility had bought into the government lies by the unelected councils, which used to be called Soviet, but now are pure American.  Those unelected county health departments decided masks, lockdowns, closures, mandates etc.

Conclusion

Dr. Vernon Coleman, who refers to himself as “the old man in a chair,” has been telling us the hard facts regarding the destruction of our medical industry.

He states, “The goal of healing has been replaced by the goal of perpetual treating. The ugliest part of this new business model is that, to keep overhead cost as low as possible, when severely handicapped and older people become ill, hospital staffs increasingly are discreetly prescribing kill shots for them, much like what might be given to an old dog or cat to end their misery. This is not a conspiracy theory, not hyperbole, and not even unusual. It is now a recognized policy in every country in which the medical system has been captured by the pharmaceutical cartel – which is most of them.”

In Part Two, we’ll discuss America’s modern-day eugenics, revived again from the 1920s and expanded to parallel Hitler’s murder of the physically and mentally unfit.

©Kelleigh Nelson. All rights reserved.

BIDEN’S NEW TAX HELL: Proposes $5.5 TRILLION in Tax Hikes, LARGEST TAX INCREASE in History

Make no mistake, this massive tax hike will it every single America and most of all our savings. Biden is raising capital gains tax from 20% to 40%, imposing a tax on unrealized gains, huge increases on two income families, but hit worst of all, small business.

Biden’s titanic tax hikes are only exceeded by his spending.

Even with $5 trillion in tax hikes bringing the highest sustained tax burden America has ever seen, the public-held national debt would still jump from $25 trillion to $44 trillion according to the president’s own figures.

Annual budget deficits would grow past $2 trillion even with peace and prosperity.

Simply paying the interest on the national debt would cost taxpayers $10 trillion over the decade — more than any program besides Social Security and Medicare.

Apart from crashing the stock market, it will impoverish savers, homeowners and stock-holders.

It’s a deathblow to the American economy.

Biden’s $5 trillion tax blowout still leaves soaring red ink

By 

President Biden’s budget request is meant to drive headlines showcasing a claimed $3 trillion in deficit reduction over the next decade.

In reality, his budget proposes the largest tax increase in modern history, plows much of the new savings into more new spending and leaves Social Security on its path to insolvency.

Start with taxes.

Inflation-adjusted federal revenues have already soared to $1 trillion above pre-pandemic levels, to their second-highest share of the economy since World War II.

Yet the president would raise taxes by an additional $5 trillion over the decade — the largest tax hike since the 1960s.

Total revenues would approach 20% of the economy, and income-tax revenues would average 10% of the economy over the decade.

Both would represent the highest sustained tax burdens in American history.

America’s businesses would bear much of the tax burden.

Total corporate taxes would jump by 56%, to their highest sustained share of the economy since the 1970s (and may exceed the 1970s levels when also accounting for small-business taxes).

Much of these revenues would come from raising the corporate tax rate from 21% to 28%.

When including state taxes, American corporations would face the second-highest tax burden among Organization for Economic Co-operation and Development nations.

In a world of global tax competition, America would again hamstring its own competitiveness.

One could defend steep tax increases if accompanied by equal spending savings as part of a balanced plan to combat Washington’s trillion-dollar deficits.

Read more.

Biden proposes $5.5 TRILLION in tax hikes on the rich to pay for $6.8T budget that includes pay raise for federal workers and funding for green agenda

  • The budget proposes a 7.3 percent increase in non-defense discretionary spending – about double its increase in defense spending
  • It calls for $688B in non-defense discretionary spending – a $47B increase
  • Calls for $886 billion to be allocated to overall defense – an increase over 2023’s $858 billion

President Joe Biden on Thursday released a $6.8 trillion budget that puts higher taxes on the rich, targets corporations and gives a huge injection of funding for social programs such as child care and paid family leave.

The plan includes raking in $5.5 trillion in tax revenues from the wealthiest Americans by raising the top rate for those making more than $400,000 from 39.6 percent from 37 percent and imposing a 25 percent minimum income tax on billionaires.

The president’s plan – which he says will reduce the deficit by $3 trillion over 10 years – would also nearly double the capital gains tax rate for investment to 39.6 percent from 20 percent and raise income levies on corporations.

Enough for the largest peacetime budget in history has also been proposed – including $842 billion for the Pentagon, a 5.2 percent pay rise for troops, $6 billion in support for Ukraine and Europe and $37 billion on the nuclear weapons program.

There are also billions set aside for a 5.2 percent pay rise for federal workers, support for refugees, more offshore wind farms and a $25 billion investment in border security.

The huge budget is likely to be blocked in Congress, and Republicans have already called the plan ‘reckless’ and a ‘road map to fiscal ruin’.

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AUTHOR

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Federal Judge Strikes Down Key Biden Border Policy: ‘Speedbump For Aliens’

A federal judge has struck down a Biden administration immigration policy that allows the release of illegal aliens at the border, saying it “effectively turned the Southwest Border into a meaningless line in the sand.”

Florida Attorney General Ashley Moody filed the lawsuit in September 2021, arguing that Biden administration policies allowing the mass release of illegal aliens throughout the country—some of whom end up in Florida—violates law established by Congress that mandates detention upon entry. Judge T. Kent Wetherell ruled in favor of Florida, finding the administration’s Parole and Alternative to Detention (Parole + ATD) policy to be unlawful.

The policy, he said, turns the border into “little more than a speedbump for aliens flooding into the country by prioritizing ‘alternatives to detention’ over actual detention and by releasing more than a million aliens into the country—on ‘parole’ or pursuant to the exercise of ‘prosecutorial discretion’ under a wholly inapplicable statute—without even initiating removal proceedings.”

Shortly after taking office, Biden took a series of actions to loosen immigration restrictions, including repealing President Trump’s Executive Order 13767 terminating the catch-and-release policy. 

“Collectively, these actions were akin to posting a flashing ‘Come In, We’re Open’ sign on the southern border,” Judge T. Kent Wetherell wrote. “The unprecedented ‘surge’ of aliens that started arriving at the Southwest Border almost immediately after President Biden took office and that has continued unabated over the past two years was a predictable consequence of these actions.”

Evidence supports the fact that over 100,000 illegal aliens ended up in Florida, Wetherell said.

“Today’s ruling affirms what we have known all along, President Biden is responsible for the border crisis and his unlawful immigration policies make this country less safe,” Attorney General Moody said in a statement. “A federal judge is now ordering Biden to follow the law, and his administration should immediately begin securing the border to protect the American people.”

The Biden administration has seven days to appeal the ruling. The White House did not immediately respond to a request for comment.

AUTHOR

KATELYNN RICHARDSON

Contributor.

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The Greatest Ripoff in American History: Democrats Spent $100 Billion of Your Money on Climate Hoax

You have to wonder what its going to take for Americans to wake up to the party of treason.

Is this the greatest ripoff in American history?

America has spent $100 billion of your money on climate change. How’s that working out?

By Stephen Moore | NY Sun, March 7, 2023:

Biden admin internal climate agenda memo leaked

Former U.S. Homeland Security Adviser Dr. Julia Nesheiwat joined ‘Fox & Friends Weekend’ to discuss what the leaked climate memo indicates about the Biden administration’s priorities.
NEWYou can now listen to Fox News articles!

For at least the last 20 years, politicians in Washington, at the behest of green energy groups, have spent some $100 billion of taxpayer money to fight climate change and reduce greenhouse gas emissions. How is that going for us so far?

A recent Associated Press story, based on the latest data on global carbon emissions, provides a pretty accurate report card: “Carbon Dioxide Emissions Reached a Record High in 2022.”

The article tells us: “Communities around the world emitted more carbon dioxide in 2022 than in any other year on records dating to 1900, a result of air travel rebounding from the pandemic and more cities turning to coal as a low-cost source of power. Emissions of the climate-warming gas that were caused by energy production grew 0.9% to reach 36.8 gigatons in 2022, the International Energy Agency reported Thursday. (The mass of one gigaton is equivalent to about 10,000 fully loaded aircraft carriers, according to NASA.)”
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You’ve got to almost shriek out loud when you read this line: “Thursday’s (IEA) report was described as disconcerting by climate scientists.”

“Disconcerting”? That’s putting it lightly. We are the furthest thing from being climate change alarmists, but when you spend $100 billion of taxpayer money and achieve absolutely nothing, President Joe Biden and his green allies should be arrested for criminal fraud.

Where did all the money go? Tens of billions of dollars have lined the pockets of left-wing environmental and social justice groups that have been emitting a lot of hot air but no results. Green energy companies have milked taxpayers of tens of billions more.

Where did all the money go? Tens of billions of dollars have lined the pockets of left-wing environmental and social justice groups that have been emitting a lot of hot air but no results. Green energy companies have milked taxpayers of tens of billions more, even as wind and solar only produce about 12% of our energy.

Is this the greatest ripoff of U.S. taxpayers in history?

Keep reading.

AUTHOR

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EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.

IRS Allows Islamic Terrorists to Fundraise Through Leftist Nonprofit

Rabbi Eitan Shnerb was hiking to a spring with his son Dvir and his daughter Rina when the bomb went off. For a moment, as he described it in the hospital, everything went black. Then, badly wounded, he saw that the two teenagers were bleeding. Rabbi Shnerb was a trained paramedic. He saw that Rina, his 17-year-old daughter, had absorbed most of the blast. He kissed her on the forehead. And then he turned his Tzizit, the biblical garment that Orthodox Jewish men wear, into a tourniquet for his 19-year-old son to stop the bleeding.

 Dvir told his father that he couldn’t breathe and passed out. His daughter was already dead.

“I wanted to believe it was just a dream,” Rabbi Shnerb said from his hospital bed. “I have experienced several bombs in my life and been saved, thank God, but this one got us,..I immediately called to Rina, shouting ‘Rina, Rina,’ I looked down and saw that she was not alive.”

Rabbi Shnerb had stopped a terrorist attack earlier this year by two armed attackers. This time he had not seen the explosion coming.


The terrorist group behind the 2019 terrorist attack was the Popular Front for the Liberation of Palestine. And the IRS is accused of allowing it to fundraise through a leftist nonprofit group.

One name that keeps coming up in the Freedom Center’s investigations of nonprofits is the Alliance for Global Justice. AFGJ was spun off from the Nicaragua Network which had been set up to support the Sandinista Marxist terror regime. It went on to operate the Venezuela Solidarity Campaign in support of the narcosocialist Maduro regime in that country.

While the IRS has harassed pro-Israel groups and interrogated them about their views, it has apparently never found the time to ask the AFGJ about its support for enemy nations. It currently features a commemoration of Chavez’s legacy in support of a regime whose bosses are wanted criminals for their role in a cartel smuggling cocaine into the United States.

AFGJ’s backers include George Soros, Tides, the Ben and Jerry’s Foundation, and other wealthy leftists, and it has used its status as a 501(c)(3) nonprofit to offer fiscal sponsorship to some of the worst of the worst close to home. The 130 groups it sponsors include several Black Lives Matter chapters, the Free Mumia Abu-Jamal Coalition in support of a cop killer, pro-illegal alien groups, as well as several brail funds whose mission is freeing rioters and criminals.

Some of these groups might not be able to obtain nonprofit status on their own, but benefit from the fiscal sponsorship of the Alliance for Global Justice.which allows them to accept tax-deductible contributions. When Refuse Fascism, a group linked by some to Antifa and which has defended Antifa violence, solicits donations, it does so using the Action Network, a platform utilized by both Antifa and the DNC, and directs tax-deductible donations through AFGJ.

The same is true of the Samidoun Palestinian Prisoner Solidarity Network which asks supporters to direct checks to AFGJ. Samidoun does not bother to disguise what it is. It describes terrorists as “resistance fighters” and “martyrs”, and urges support for the “resistance”. The cheerleading for terrorists is accompanied by a call, “Make your US tax-deductible donation today, and donate safely and securely from around the world.”

The AFGJ states that, “Fiscal sponsorship services are offered to grassroots non-profits that agree with the AFGJ vision and mission statements.” Does that include terrorists?

After the murder of Rina Shnerb, Israel arrested members of a PFLP terror network embedded inside nonprofit groups. Israel designated Samidoun as a subsidiary of the PFLP terrorist organization. Multiple PFLP figures have been accused of serving leadership roles in Samidoun including its executive director, former vice chair, and multiple coordinators.

PayPal, MasterCard, Visa and other financial services have cut off access to Samidoun and the latest also cut off AFGJ. Currently, AFGJ and its various sponsorees warn donors that they can only take paper checks.

“AfGJ cannot accept credit donations—and neither can the 140 organizations that rely on AfGJ to provide them with fiscal sponsorship,” the leftist group cautions.

While AFGJ is running low on online sites willing to process donations to them, the IRS has yet to take any action. The Zachor Legal Institute, a pro-Israel group fighting BDS, filed an IRS complaint and directed a letter to the DOJ noting that the “PFLP has built a financial system supported by an infrastructure of the Seven PFLP Proxies who raise money on various humanitarian pretexts” while “directing money to the PFLP.”

And yet the odds of the IRS taking action are slim. Even though the PFLP was designated as one of the terrorist groups listed by President George W. Bush after September 11, it was less difficult for Zachor and conservative media to persuade financial services companies to stop processing donations for AFGJ than to get the IRS to enforce tax code regulations and the law.

AFGJ informed the IRS that its mission is to “achieve social change and economic justice”. In reality it has helped unleash violence at home and abroad. The beneficiaries include BLM’s Louisville Community Bail Fund which bailed out Quintez Brown, a Black Lives Matter activist, who walked into the campaign office of a Louisville political candidate and opened fire.

While payment processors have cut off the Alliance for Global Justice, the IRS has yet to act. After over two decades, the IRS has shown no interest in taking action even as the AFGJ continues to act as a fiscal sponsor for groups that would not qualify for nonprofit status. The fiscal sponsorship loophole continues to be abused to fund everything including terrorism.

The Freedom Center’s pamphletInternal Radical Service by David Horowitz and John Perazzo, has exposed how the IRS routinely allows leftist nonprofits to violate tax codes and the law. The fiscal sponsorship loophole is widely used by radical leftists to make illegal activity tax deductible. Tax code regulations state that “exempt purposes may generally be equated with the public good, and violations of law are the antithesis of the public good”. They warn that, “violation of constitutionally valid laws is inconsistent with exemption under IRC 501(c)(3)” and that “planned activities that violate laws are not in furtherance of a charitable purpose”.

Terrorism is one of the most blatant possible examples of behavior at odds with the public good.

While the IRS is warning waiters to report their tips, it allows terrorists to benefit from tax deductible money. Payment processors have shown that they have a higher level of compliance with the law than the IRS. When the IRS refuses to enforce the law while demanding that everyone abide by it, that is a culture of lawlessness and, in this case, it’s costing lives.

AUTHOR

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Turkey: Pop star faces three years in prison for criticizing Islamic schools


Order David Horowitz’s and John Perazzo’s new booklet: “Internal Radical Service: Abuse Of Taxpayer Dollars To Advance Leftwing Causes Illegally And Unconstitutionally”: CLICK HERE.


EDITORS NOTE: This Jihad Watch column is republished with permission. All rights reserved.

Ohio Residents Ordered to Stay Inside as Another Train Derails

Biden plunged America trillions in debt for infrastructure and this is what we get.

For starters, fire Pete Buttigieg.

Ohio residents ordered to stay inside as another train derails

By Katherine Donlevy, NY Post, March 4, 2023:

Ohio residents were ordered to shelter in place Saturday after another Norfolk Southern train ran off the tracks.

The 212-car train derailed at Ohio 41 near the Prime Ohio Business Park in Springfield around 5 p.m., the Clark County Emergency Management said.

About 20 of the train’s box cars toppled off the tracks while it was traveling through the city.

A spokesperson confirmed with The Post that Norfolk Southern — the same railway company involved in the tragic East Palestine derailment that contaminated 1.1 million gallons of water and 15,000 pounds of soil — was operating the derailed train.

“No hazardous materials are involved and there have been no reported injuries,” the company said.

Read more.

AUTHOR

RELATED ARTICLE: Leaked Audio Reveals US Rail Workers Were Told to Skip Inspections

RELATED VIDEO: Hazardous Chemicals Released After Train Derails in Ohio

EDITORS NOTE: This Geller Report is republished with permission. ©All rights reserved.