Wealth Transfer

The bill would establish a fund for mortgage holders to cover losses from the canceled payments. Bank losses would be transferred to taxpayers. It would also fund the purchase of private rental properties by non-profits, transferring hard assets from private hands to governments and so-called non-profit institutions.

Rappoport questions whether researchers ever really discovered the coronavirus, as he says diagnostic tests are worthless, the numbers can be inflated without evidence, and environmental factors in China (deadly air pollution, 5G technology rollout) can explain why people there are falling ill.

The World Bank reported that legal and illegal immigrants sent $53.4 billion in remittances to Mexico and Central America in 2018. These money transfers provide a huge stimulus to the countries that export their populations to the U.S. labor market.

The United Nations admitted in its emissions-shortfall report that even when you add up all the CO2-reduction pledges from all of the countries that signed on to the Paris Climate Accord, it equals a paltry one-third of what is supposedly needed to stop the world from warming 2-degrees. [...]

President Trump said he is removing the US from the Paris climate accord, but he said that we will re-enter the pact if he can make a fair deal. [...]