Cloward/Piven Alert! Why We Need D.O.G.E. … And Where Was Joe Biden? (21 Million People At Age 100 And Above Receiving Soc Sec Pmts, 60 Million More Receiving Social Security Payments Than There Are People In The USA!)

The left has come out in force to attack D.O.G.E. and Elon Musk. Why? First, The Left doesn’t want to upset the candy apple cart (government waste and corruption). Second, the Left wants to pretend that they hate the rich (although George/Alexander Soros are huge donors, not to mention Bill Gates and most of Hollywood elites are billionaires/millionaires). But the saddest act of all are Joe Biden and Kamala Harris. These two clowns had the Social Security data and never looked at it … allegedly.

What would they have found if they had looked at the Social Security books? According to Elon Musk, they would have discovered 20,788,904 people at the age of 100 and above. That is significantly higher that the entire population of Naples Florida at 19,704.

Here is what Elon Musk discovered about people receiving Social Security (and disability payments). Joe and Kamala didnt notice someone that was between 360 and 369 years of age??

The point is that this is a collosal embarrasment. And epic fraud. And even more vexxing is that 394,943,364 are collecting Social Security while the total population of the USA is 334 Million?? That leaves 60 million more people receiving Social Security payments than there are people in the USA!

Don’t tell Elon about candied apples that have replaced government cheese in the Federal government giveaway program for votes! And Cloward/Piven!

Has Bitcoin Peaked Vs Gold? Mike McGlone Thinks So (Gold Is Winning!!)

Mike McGlone has an interesting perspective on Bitcoin versus Gold.

Gold $3,000, Bitcoin $70,000?

Is there good reason for reversion lower? My bias is leaning that way, especially if the US hashtag#stockmarket reverses some of last year’s almost $12 trillion advance, about 40% of GDP.

Bitcoin approaching $150,000 in 2025 might suggest another $12+ trillion year of US stockmarket wealth creation, inflation and Fed tightening. Heading toward $50,000 could coincide with some typical deflation following the inflation and put the Fed at ease. Up about 10% since Bitcoin first closed above $100,000, gold may sniffing out a bit of risk-asset normalization. So it appears gold is winning.

Full disclosure: I own both. Plus silver. And a house.

Why Doge? Federal Deficit Is Up $306 Billion Compared to Same Period Last Year (Long-run Deficits Are Grim!)

When the (fiscal) music’s over. For corrupt politicians, that is!

Mike Shedlock (aka, Mish) had a great article on the fiscal dumpster fire facing the Trump Administration. After you get a load of the long-run deficits and debt load, you can understand why Trump wants to cut Federal waste (Doge).

The US deficit for the first four months of fiscal Year 2025 is $838 billion, up $306 billion. Adjusted, the increase is more like $157 billion to $225 billion.

The federal budget deficit totaled $838 billion in the first four months of fiscal year 2025, the Congressional Budget Office estimates. That amount is $306 billion more than the deficit recorded during the same period last fiscal year. Revenues were $11 billion (or 1 percent) higher, and outlays were $317 billion (or 15 percent) higher.

The change in the deficit was influenced by the timing of outlays and revenues, which decreased the deficit during the first four months of fiscal year 2024 but increased it during the same period this fiscal year. Outlays in October 2023 were reduced by shifts in the timing of payments that were due on October 1, 2023, a Sunday. (The payments were made that September.) Outlays in the first four months of 2025 rose, on net, because payments due on February 1, 2025, a Saturday, were made in January. If not for those shifts, the deficit so far this fiscal year would have been $750 billion, or $146 billion more than the shortfall at this point last year. Part of the deficit increase in 2025 also arises from the postponement of some tax deadlines from 2023 to 2024 (described below), which boosted receipts in 2024.

The long-run deficits are grim, according to the CBO.

Outlays in the first four months of fiscal year 2025 were $2.4 trillion, CBO estimates, $317 billion more than during the same period last year. If not for the timing shifts discussed above, outlays so far in fiscal year 2025 would have been $157 billion (or 7 percent) greater than outlays during the same four months in fiscal year 2024. The discussion below reflects adjustments to exclude the effects of those timing shifts.

Maxine Waters is an unhappy girl along with most Democrats about Trump and Musk looking into USAID.

Welcome to a new world under Trump.

Economic Heartbreaker! Over 1 Million Foreign-Born Workers Found A Job In January But Virtually No Native Borns

It’s no fun paying for illegal aliens. And under Biden/Harris, there are a lot of them in the USA. And they have been taking American jobs too.

Most of the job gains in the past few years, and especially 2024, were a mirage, and following the dramatic August 2024 preliminary data revision which vaporized 818K jobs (which had never existed in the first place.

Over 1 Mmillion foreign-born workers found a job in January … but virtually no native borns.

And in the longer view, you can see the Biden/Harris effect after 2021.

Biden/Harris were economic heartbreakers. For the middle class, not for the Elizabeth Warren/Bernie Sanders class who made out like bandits under Biden’s corrupt leadership.

Big pharma owns Bernie, Liz, Chuckie, Patty Murray, Warnock and Wyden.

Tariffs, Gold And Bitcoin! Gold Stable, Bitcoin And Stock Market Down, Mexican Peso Down And On Verge Of Collapse

As expected, the Trump Administration levied tariffs against Canada, Mexico, China, etc. The short-term result? Gold is stable, Bitcoin fell. Or as Gene Autry sang, “South of the Border (Down Mexico Way)”.

The stock market? Down -1.53%.

And then we have the doom porn about Mexico’s “impending” collapse. The Peso is declining, and Senator Chuck Schumer is getting hysterical about Mexican exports to the USA for Super Bowl Sunday. He incorrectly claimed that most beer is imported from Mexico and avacados for guacamole. Avacados are also grown in the USA, Peru, etc.

Bear in mind that Mexico is like California where the Left holds a supermajority. Hence, Mexico employs destructive economic policies (it could only be worse if California Governor Gavin Newsom was President of Mexico. But Mexico’s impending collapse is years in the making and Trump’s tariffs were only the last nudge over the cliff. Mexico COULD try to get control over the drug and human trafficking cartels, stop illegal immigration and stop the flow of fentanyl.

M1 Money UP 365% Since Covid, M2 Money UP 40%, Federal Spending UP 45% (Is Chuck Schumer REALLY Boss Tweed?)

Wow. Money printing by The Federal Reserve went will after the Covid outbreak in early 2020. So did Federal spending. Unfortunately, politicians are addicted to Federal spending. And Senators like Chuck Schumer (D-NY) and Adam Schiff (D-CA) are trying to obstruct any spending cuts by Trump and his DOGE.

Well, M1 Money printing is UP 365% since Covid while M2 Money printing is UP 40%.

Federal current expenditures are up 45% since the Covid outbreak. But were never returned to normal spending levels.

New York senator Chuck Schumer is opposed to Trump’s efforts to cut Federal spending. Is Senator Schumer REALLY the political boss of Tammany Hall, the Democratic Party’s political machine that played a major role in the politics of 19th-century New York City and State?

Final Slap In Face From Biden? Annual US Existing Home Sales Lowest Since 1995 (As Mortgage Purchase Applications Collapse Under Biden To 1995 Levels)

1995 is notable for housing and music.

US Existing Home Sales rose for the third straight month in December (longest streak since late 2021), rising 2.2% MoM and up 9.3% YoY – the best annual shift since June 2021. However, despite the last rebound, for all of 2024, sales reached the lowest since 1995, when the US had about 70 million fewer people.

And with the lowest existing home sales since 1995, we have mortgage purchase applications at the lowest level since 1995.

Why? The median price of EHS has exploded under Biden.

Mortgage rates are hovering around 7%, same as around 1995.

Keep On Printing? Bitcoin UP 265% Under Biden As Fed Increased M2 Money By 12.2%

Will The Fed keep on printing?

Under Joe Biden, The Federal Reserve has jacked-up M2 Money by 12.2%. And with the fear of economic destruction under Biden, Bitcoin is up 265%.

With Trump being sworn in, That’s all, folks!

Primary Dealers Net Positions In Treasury Notes Soars As 10-year Treasury Yield Hits 4.56%

Because they’re young. Bonds that is. Longer term bonds and notes are preferred by primary dealers over short-term Treasury bills.

The US Treasury yield curve 10Y-2Y is finally positive after years of being negative.

And the all important 10-year Treasury yield sits at 4.56%.

Simply Unaffordable! The Most Unaffordable And Most Affordable Cities In USA (San Jose/New York City Are Least Affordable, Detroit/Cleveland Are Most Affordable)

Some cities in the USA are simply unaffordable.

The Visual Capitalist calls most unaffordable cities as least affordable. San Jose California and New York City are the two most unaffordable cities in the USA. According to household spending.

On the flip side of the affordability coin is … Detroit Michigan and Cleveland Ohio. Followed closely by Dayton Ohio and El Paso Texas.

Fortunately, I live in Columbus Ohio. the 18th most affordable city in the USA.

Much of the difference amongst cities is land use and construction restraints. And booming/dying local economies.

As a sad reminder about the last four years, Pete Buttigieg will leave his post as Transportation Secretary having spent $7.5 BILLION to build 8 EV charging stations.