Is Poverty Inherited or Imposed?

May 24, 2022

Is Poverty Inherited

or

Imposed?

Padmini Arhant

Is Poverty Inherited or Imposed?

There are different perceptions on poverty.

Poverty is often associated with social and economic background.

However, the question arise on generational poverty.

Why do some demography in society experience no social and economic progress over generations?

Who is to blame for the impoverishment of children dwelling in slums and shanty towns right beneath skyscrapers or high rise penthouse towers in metropolis of the world?

What causes many segments in society to remain poor, sick and hopeless in life?

Could this all be entirely the fault of individual, the family or the community they belong to leaving them in abject poverty with no changes in financial status?

Or

Would it be fair to hold the political, economic and social systems responsible for endless misery among overwhelming population in the world?

What about the government and economic sector role or the lack thereof to alleviate poverty across the spectrum rather than selective population?

Should education, basic facilities like clean drinking water, food, electricity and health care centers be reaching the poorest of the poor in urban, rural and remote areas of the country worldwide?

Who should decide the fate of every citizen in a country that are generationally oppressed, persecuted and denied any rights over several decades?

Is the poor remaining poor and the middle class struggling to make ends meet regardless of two or three income providers in a family related to government failure on economic management like inflation, unemployment, food shortages, fuel pricesand gross negligence in addressing crises in country?

What about the notion – poverty and economic suffering are designed for exploitation of the economically disadvantaged to serve in the work force as employees, national army though increasingly utilized as political leaderships’ private army witnessed in foreign military interventions and above all meeting exclusive and fiduciary interests of those reining control from behind the scenes and upfront.

First and foremost, corruption and greed are the bedrock of evil in society and the world at large.

Systemic corruption in politics with pervasive impact on economy, communication media, education, social, religious and general society hinder growth and development across the regions of state and nation.

Lawlessness among those held above law in politics, economy, diverse media, social and religious domains shun transparency and accountability.

Wars with illegal invasion and occupation of sovereign nations directly related to inflicting poverty and social destruction leaving families with widows, orphaned children, permanently disabled father, brother or any earning members wounded and crippled for life in warfare. All of these situations lead to severe poverty and miserable economic conditions.

Last but not the least, selective powerful, influential and affluent members control over global affairs lacking in scrutiny and openness barring public access to information on policy, strategy and planning contribute to secrecy and hypocrisy.

The hypocrisy arising from the unlawful spying, snooping, 24/7 surveillance of private citizens life, space and privacy intrusion to name a few among many criminal indulgence, while collusion in secret locations restricting citizen press or public to participate in policy making on world issues and humanity at large is entitlement to them.

The worst is despite these members’ occupation of taxpayers expended accommodation which are typically the people’s house unlike the private citizen’s home fraudulently claimed as such, the public as taxpayers have to deal with the wrath of violence even leading to fatality when gunned down with 29 or more bullets exhausting the magazine on unarmed civilian in the alleged trespassing of the public funded national property i.e. government residence.

Accordingly, poverty is imposed and not always inherited over generations to maintain status quo.

Defeating corruption, abandoning discreet operations using taxpayers money and subjecting illegal activities and actions to the same rule of law is the initial step towards economic relief amongst population subjugated in extreme poverty.

Padmini Arhant

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com

Market Economy v. Monopoly Economy

April 25, 2022

Market Economy

v.

Monopoly Economy

Padmini Arhant

Prior to discussion on market economy and monopoly economy, it is important to shed light on creation v. acquisition. There is no comparison between creation and acquisition. In simple translation both terms are self-explanatory. 

Creation involves ingenuity, authenticity and original concept. Acquisition on the other hand is acquiring the created product for refurbishment and renovation with or without any appreciative value. 

In the so-called capitalism, the corporate takeovers, mergers and acquisitions transitioned from competitive market economy into monopolistic trade slighting anti-trust laws has drastically changed the definition and relevance of free and fair competition, the highlight of market economy. 

The economy increasingly in the hands of few selective billionaires wiping competitiveness and entrepreneurial niche across the spectrum is deceptively heralded as free market economy.

The trend contrarily affecting end-consumers with monopolistic trade practice and corporate policy hurting average consumers in pricing, quality and general benefits cannot be under estimated at any given time. From administration to marketing and management, the rules are set up and designed for exclusive corporate gains at the helm. 

As a result, the deviation from profit sharing trickling down to the bottom in work force increasing. consumer affordability to top tier shareholders is the norm. The average household income in these settings are either below marginal level or negative considering inflation and consumer price index ratio. 

Income inequality combined with inflation in the competition deprived monopolistic economy is carcinogenic for capitalist market economy.

Acquisitions and mergers masquerade inherent problems and deficiencies in major corporate undertaking with over valued stock of primary venture facilitating cash liquidity. Besides, distracted and disproportionate focus with too many different sectors in monopolistic control yield lack luster i.e. under performing outcome. 

The competition thwarted from economy with few billions to spare in hostile buyout deals is neither healthy nor viable in economic, ethical and innovative sense.

Not to mention, the corporate influence in politics and governance via direct campaign financing and lobbying for fiduciary interests leaving voters mere rubber stamp depicted as political mandate. The end game distort democratic system to entirely benefit the bidders and investors with no contentment or containment in the exclusive fortune inheritance. 

The competitive eclectic market economy providing options and flexibility in ultimate consumer oriented domain is unfortunately replaced with privileged monopolistic elite dominance – the axis in widening the gap between haves and have-nots misrepresented as efficient economic force. 

Again efficiency is anybody’s guess in selective individual growth or collective decline in economy and politics validated by monetary endowments.

Padmini Arhant 

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com 

Western Policy – Secret Society, Globalization and Swiss Bank Accounts

October 24, 2021

Western Policy – Secret Society, Globalization

and

Swiss Bank Accounts

Padmini Arhant

The secret society originating from Oosterbeek, Netherlands, Europe in May 1954 and established in North America continues to remain the paradoxical paradigm to western concept on democracy, transparency and ethical efficacy.

The controversial secret society meeting adorned in opaqueness especially in light of critical decisions, policies and planning against entire humanity held among chosen members in secret locations barring real press and public participation is a legitimate concern in the so-called free world.

The secret society with members and participants sworn to secrecy refraining from sharing details of the meeting includes serving members in governments, globalists running the economy, financial sector, diverse media and the military industrial complex to name a few among key global systems. The secret society’s clandestine meetings engineering major activities against global economy, military strategy, nuclear goals, warfare ranging from terrorism, nuclear options to bio warfare…albeit all experienced by global population up until now.

The questions raised from Europe on the developing and emerging economies inability to provide for their citizens ranging from education, health to other basic facilities compared to the developed nations citing the western world merit attention.

The answer to this situation interestingly is with Europe and described in the following passage. 

European economy built from resources and wealth from the various colonies invaded and occupied world over would not qualify Europe’s efficient economic development.

European nation – Switzerland’s banks hosting treasure cove for illegal money notably black money, blood money from nefarious and unscrupulous transactions, drugs, extortion, trafficking, terrorism, tax evasions and much more cultivate and nurture corruption.

The money hoarded in Swiss bank accounts and offshore tax havens by the rich, famous and powerful in developing and other nations are primarily responsible for poverty, hunger and disease among their people referenced in the question on lack of advancement in these nations over a long period. The corruption depleting most nations treasury and depriving those countries from economic opportunity is incontrovertible fact. The Swiss economy and EU utilizing corrupt funds deposited in their financial institutions directly hold them responsible for fomenting and fostering corruption, the number one destructive element hindering economic milestones and due success in most parts of the world. 

Why not Swiss banks surrender the wealth to the people, the republic world wide and lead the world in eliminating corruption and financial fraud, the two main aspects behind the economic and social divide in global society?

Besides, Europe is also the safe haven for financial and criminal fugitives enjoying safety and security from non-extradition protection. These individuals flee nations after bankrupting financial institutions typically ordinary people savings and land in Europe with illicit wealth laundered at ease and without any legal or financial ramifications under the safety network  in Europe. It is impossible for EU and European nations to be unaware of the prevalent tradition in this context.

The worst thus far is unleashing deadly corona virus COVID-19 consuming five million lives worldwide per latest figures through ominous Gain of Function research pioneered in the west and developed in western funded Wuhan lab in China is the tip of the iceberg. The mega profits from the pandemic vaccine predominantly benefitting western big pharma in Germany, Britain and the United States as primary manufacturers and suppliers in the world is a hard bargain for the global victims paying the price in every respect. The secret society elites as private investors in the contentious Gain of Function research specifically bio-engineering the spike protein in SARS COV 2 for rapid human transmission and simultaneous investments in vaccine production long before the pandemic onset i.e. 2015 is a crystal ball bonanza.

Meanwhile China, the western economies’ treasurer and financier gaining from stifling competition in the global market is quid pro quo for the west and China.

Above all, Europe’s World Economic Forum (WEF) founder Germany’s Klaus Martin Schwab public statement on the Great Reset involving global financial markets and products manipulation was yet another agenda. The event necessitating global economic shut down could not have been possible without the pandemic.

The pandemic also aimed at population growth in India and populous domains like Brazil in South America.  The  global regions like Europe at disadvantage amid aging demography and problems confronting EU’s immigration related to skilled labor and taxpayers to support the economy. 

In essence, the pandemic proved to be a win win for all those aiding and abetting the Gain of Function research led SARS COV2 health and economic disaster alongside the Great Reset.

The secret society characteristics cloaked in secrecy shunning transparency in contrast authorizing and promoting violation of individual rights in invasion of private home, personal life and identity maintained as prerogative. These ill conceived attributes and actions expedite precipitous decline for anything run its course and exhausted means creating desperate times for further chaos and catastrophe.

Europe under European Union depend on Brussels trade and political strategy. The colonial divide and conquer rule evidently is the root cause of civilization and nations’ persisting unresolved confrontational quagmire. However, the cartography is found not suitable on own turf in Europe, the colonial seat post industrialization era. The discomfort experienced in BREXIT that continues with mutual disagreements expressing EU’s frustration in losing control over Britain’s economic and financial status.

The globalization has been the secret society and EU’s focus allowing globalists’ unfettered access to economies worldwide. Although globalization meant to address global economic requirements in addition to bridging the gap between the developed, emerging and developing economies, the result is far from alleviating economic woes and financial dependency for developing nations in particular. The globalization significantly benefitted China in the last three decades empowering the state controlled capitalist economy into global warehouse and manufacturing base. Notwithstanding the outcome strengthening China’s currency warfare against United States and Beijing’s dominance  in economic, political, military and foreign policy against the U.S. smooth and steady in the aftermath of 2020 Presidential election.

In the global front, China’s meteoric rise from globalization facilitated the belt road initiative (BRI) spread far and wide expanding into more than 75 nations with serious economic and geopolitical repercussions for the world at large. The trend unfortunately pose humongous challenge for partners entrapped in sovereign debts and key infrastructure forfeiture such as shipping ports and territories like in Sri Lanka, Maldives and many nations in Africa, Latin America, Central, South, South East Asia and the Middle East. The western nations Australia, Canada, EU and the United States face unique economic, strategic and political issues with China despite the pandemic origin tracing back to Wuhan, Hubei province in China.

The secret society, World Economic Forum (WEF) and western favored globalization with built-in protectionism applicable in absorption of bulk market and capital gains is the end game for different players leaving behind developing nations debt ridden and the rest in China’s coat tail with little or no negotiation power in any dimension.

The global status quo is a conundrum in western relations with China. The globalization leading the way to the point of no return in the backdrop is a deviation from real economic progress and prosperity for economies forced into debt servicing commitments with world financial institutions like the World Bank, IMF etc. Similarly, China in the infrastructure deals draining developing nations and limiting western options succinctly describe globalization unbalanced with disproportionate economic burden outweighing benefits in the immediate and long run. 

Padmini Arhant

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com

United States – Rising Inflation

October 1, 2021

United States – Rising Inflation 

Padmini Arhant

The great reset from World Economic Forum, Davos, Switzerland and COVID-19 induced global economy shut down in 2020 extended into mid 2021 cost lives and livelihoods across the spectrum.  The federal and certain states stimulus checks to alleviate dire financial difficulties among vast majority of population in the United States might have provided some relief but did not end economic plight. 

The retail industry together with millions of small and medium size businesses paid enormous price in the pandemic year despite economic assistance to some in the form of paycheck protection program to retain employees on payroll and other small business loans to survive the lockdown period. 

The current inflation is reflected in essential consumer goods and services posing a major challenge for average citizens in the absence of necessary economic growth. The job market is yet to project reasonable employment status that guarantees steady and stable household income. Amid grim economic situation, the all time high inflation is a serious concern for citizens with minimal or no income. 

The Federal Reserve intervention adjusting the prime rate on interest and other borrowings to curb inflation might be standard response. Following the federal reserve course in this regard, the impact on the housing market would not be entirely favorable to first home buyers or homeowners planning to sell or refinance upon interest rates hikes to correct rising inflation.

The balancing act weighs heavily on the Federal Reserve monetary policy and government’s fiscal policy to control inflation. 

United States Congress multi trillion dollar spending on infrastructure and social welfare bills arguably to stimulate economy with job creation and consumer spending underestimate underlying repercussions in exceeding limits especially the customary debt ceiling raised under every administration to circumvent explosive budget deficit. 

The luxury of printing money for various purposes in the wish list is a privilege not necessarily a game changer in delivering the desirable outcome. The fact of the matter is at the end of the day the economic ramifications adversely affect average citizens saddled with generational debt beyond recourse. The national debts in return burden the economy attracting bidders in the global market to leverage positions in many aspects.

The Congressional spending strategy deviating from prudent economic stimuli signal precarious conditions beginning with inflation and diminishing consumer power. The employment figures remaining lower than the expected margin and economic activities not fully resumed in the declining pandemic, the inflation impetus corrective measures to avert major economic crises. 

United States Congress and Federal Reserve combined efforts to stymie inflation represents the priority prior to any other economic endeavors in the multi-trillion dollar spending proposals pending bipartisan approval. 

The tax relief to businesses facilitating hiring, expansion and development are key factors in stimulating economic progress rather than the contrary that invariably drives major corporations offshore viz. China or other destinations. Similarly, small businesses and retail industry in the aftermath of prolonged economic shut down have no means of revival. The tax incentives to this sector is appropriate and urgently required for renewal. 

The government spending downsizing federal agencies and other areas of sprawling activities yielding no benefits wasting tax dollars are to be focused in containing expenditure. 

The staggering national budget deficit with phenomenal government undertakings in the backdrop of printing money is not healthy for the dollar as international reserve currency confronted with alternatives in the global economy. 

In conclusion, inflation drains common citizens wallet and depletes economy leading to banana republic experienced in many parts of the world. The monetary and fiscal authorities immediate actions to stabilize economy and escalating inflation is the preliminary step towards economic recovery.

Thank you.

Padmini Arhant

Author $ Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com 

Lies and Propaganda

March 8, 2021

Lies and Propaganda

Padmini Arhant

When lies and propaganda become the norm from installing government to rallying behind illegitimate governance, the reality eclipse underlying fakeness and falsehood.

‘The crony corrupt media and incognito power deployed harbingers in YouTube and other format for misinformation and misrepresentation is well known. The material from them on anything is far from truth and facts. Furthermore, the current situation related to stock market, employment, economy and pandemic nationwide beckon viewers and readers discernment. The tech industry is heavily hit and spiraling downward like never before. The vaccine manufacturers stocks in the United States skidding backwards despite euphoria on supposedly nationwide vaccination in full steam.

The job market is apparently screaming for help and desperately seeking employees and workers to fill in various positions with handsome pay and benefits. The retail industry claimed to have been rejuvenated making every day holiday season for retail sellers and buyers in the economy. Amidst all of these fantasies running wild, the celebration in the air on economic stimulus package for a staggering $1.9 trillion rewarding the economy on excellent performance since January 20th, 2021 and until now within  six weeks of new administration in power.

Could this be a miracle or mirage?

Since behind the scenes operatives running the gamut are adept in pulling pigeons out of rabbit ears, they have tasked fabrication troops to continue peddling disinformation in public domain and keep the audience engaged in believing the sky is anything but blue and earth is not round but flat.

When elections are seized by unconstitutional, undemocratic and unlawful means, the sequence necessitate running government on same prototype.  The reruns can only be tolerated by audience for so long. Then after a while, the show loses novelty and becomes a cliche. The originality and creativity being a rare commodity and conspicuously abstinent, reliance on obsolete tricks and tactics remain the only hope for survival.

The trend also highlights backstage controllers’ stagnancy unable to maneuver, accelerate or reverse course. The awkward position reveals insensitivity and inability to mind and manage affairs other than funnel concoctions screening photoshop version of pastures as luscious fertile green natural landscape.

In a nutshell, leaving optics entirely in the eyes of beholder.

Thank you.

Padmini Arhant

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com

 

 

 

 

 

 

 

 

 

 

 

World Without Governments – Great Reset Part 3

February 11, 2021

World Without Governments – Great Reset – Part 3

Padmini Arhant

UPDATE

The GREAT RESET Definition and Goals:

The world economic forum founder German economist Klaus Schwab touted Great Reset using COVID19 pandemic as the opportunity to pivot financial system worldwide is the global elites or globalists long desired goal. 

The globalists and political establishment firmly believe and operate on the notion:

Never let a crisis to go waste. 

In other words, the globalists create a crisis and utilize the crisis to move forward with their devious agenda. 

The Great Reset is aimed at complete elimination of cash economy that are already in place.

Indian government under Prime Minister Narendra Modi obliged globalists in this respect and successfully executed demonetization of large notes i.e. 500 and 1000 rupees in 2016.

PM Narendra Modi obediently followed globalist script and announced the draconian measure unbeknown to 1.3 billion population in India in late November 2016.

With not enough time to return or exchange the notes, overwhelming population in Indian economy were subject to instant bankruptcy largely affecting swath of middle and lower income groups in the country. 

According to global elites, the reason behind elimination of cash economy is to subject cash users under scrutiny. 

The global elites claim that in their view, cash users are mostly criminals using cash for illegal transactions in any economy. 

Never mind the globalists ignorance on average consumers using cash for goods and services world wide.

In India, significant population do not even qualify or could afford credit or debit card for many do not have the luxury to maintain bank accounts considering many are daily wage earners with unpredictable and unstable employment. Furthermore, the banks known for nibbling customer deposits charging various fees and fines on minimum account balance etc. are not designed for population in lower economic strata. 

Indian PM Narendra Modi defended the demonetization debacle using the globalists script i.e. black money and unlawful financial activities being brought to government notice and recovery.

PM Narendra Modi explanation proved to be hogwash for the black money and illicit financial activities prevalent among politicians, celebrities and economic sector are held in overseas tax havens and diversified holdings offshore predominantly in Swiss banks, Singapore Hawala, Seychelles, Cook, Cayman islands…and other exotic locations worldwide except for domestic account. 

The Indian government demonetization only hurt and inflicted enormous suffering to millions of ordinary citizens in India and not the filthy rich engaged in black money and financial assets hoarded from tax evasion. 

Whom are the globalists and their puppets heading the governments target in the Great Reset and cash elimination mission? 

Please stay tuned for update in this regard. 

Thank you.

Padmini Arhant 

———————————————————————

The citizens need to understand the events in the United States are orchestrated to deflect public attention from serious and sinister activities in the financial world. 

The democrats, RINOES , Tech giants, promiscuous media in the U.S. and offshore like RT news and India…among others peddling self-inflicting caricature is desperate times resigned to desperate measure. Besides, the impeachment charade designed to distract global audience from existential threat to human survival in the increasing economic challenges imposed by cartel at the financial helm. 

REALITY – The battle is on the Great Reset. The United States dollar converted into a fiat currency enabling the private entity Federal Reserve to mint money in literal sense has reached a crescendo. The debt accumulation over these years are transferred over to ordinary citizens and their present as well as future generations in the generational indebtedness. 

As stated in this article’s previous segments, taxes and interests have enriched and empowered the corrupt and criminal enterprise worldwide. The trend is unsustainable.

Meanwhile, China and Russia’s game plan on the Great Reset is a different dynamic though both maintaining reservations to German economist Klaus Schwab’s proposal on Great Reset at Davos economic forum are not without self-serving interests. 

Thank you. 

Padmini Arhant 

World Without Governments – Great Reset Financial Fiasco Part 2

 

There is a misconception about Federal Reserve – the private entity in the United States as having been amalgamated with the United States government. This is a gross misunderstanding and false perception.

On the contrary, the private organization Federal Reserve controlled and managed by selective core circle behind United States monetary policy, currency printing and distribution has long taken over United States Treasury to maintain absolute authority.

The private Federal Reserve dominance is more prevalent now with the Senate confirmation of the former Federal Reserve Chair Janet Yellen as Treasury Secretary allowing the private organization Federal Reserve in charge of both monetary and fiscal policy, the trend dangerous than ever before.

United States treasury has been invariably headed by Bilderberg members i.e. secret society also linked with Federal Reserve and the globally known economy saboteur  – the one and only Goldman Sachs members rotating United States Treasury Chief position regardless of administrations i.e. democrat or republican is the norm.

Following Bretton Woods agreement collapse whereby the U.S. dollar backed by gold was severed in 1971 by then President Richard Nixon was precursor to private western banks authority over global monetary system.

The previous economic system tied to gold standard replaced by fiat currency that allowed the private Federal Reserve and central banks in Europe to engage in money supply via printing currency for military involvement and various activities off radar carried out until today.

Then Secretary of State Henry Kissinger – the deep state’s patriarch and secret society prominent head until today, spouse Nancy Kissinger  along with then Treasury Secretary William Simon, the Wall Street bond trader and self-described Genghis Khan struck a deal with Saudi Arabia in 1974 forcing United States into interdependence in the petrodollars economic deal. The United States oil dependency on oil exporters with Saudi Arabia exerting enormous clout on OPEC has inflicted considerable damage to United States sovereignty. Congress on both sides of the aisle reportedly hamstrung to declassify a 28 page section of a 2004 U.S. government report detailing Saudi connections to September 11, attacks in 2001. The bill passed in the Senate on May 17, 2016 held in the House of Representatives blocking declassification of the report under Barack Obama/Joe Biden administration.

The status quo exacerbated with China’s investment in U.S. debts as key creditor holding U.S. Treasury bills and other assets asserting overt authority prevalent under new Biden administration.

The latest developments in the United States silencing free speech in social media, the rank and file as well as those in the hierarchy of democrat party isolating Trump supporters and voters, the tech giants overarching censorship, demonetization on Youtube and other unconstitutional, undemocratic restrictions demonstrate rules from Beijing’s playbook that are neither sound nor sovereign. The radical policy directly impact United States independence and citizens fundamental rights regardless of administrations and political parties in power.

Further updates to resume in due course.

Thank you.

Padmini Arhant

 

World Without Governments – Great Reset Financial Fiasco Part 2

January 29, 2021

The Deep State Swamp Analyzed

Thank you.

Padmini Arhant

———————————————————————–

World Without Governments

Great Reset Financial Fiasco

Part 2

Padmini Arhant

World Without Governments

GREAT RESET: The global financial system is controlled and managed by selective few members in a core circle protecting self and vested interests at humanity’s expense thus far.

Please refer to above article on World Without Governments and Great Reset introduction.

Upon pressure on this website in 2009 and 2010 urging Congress to liberate United States monetary policy and currency printing and distribution from the private entitythe Federal Reserve appropriately defined by then Libertarian Congressman Ron Paul as a private enterprise analogous to Federal Express – the courier company, Federal in name not necessarily associated with the United States government delineating the private corporate feature was right on mark.

The congressional debate and discussion began on this topic in 2009 that was obviously never welcome from the expected quarters – the Federal Reserve.

As revealed in the above article, the Federal Reserve Transparency Act 2009 initiated and introduced by Congress members Republican Congressman Ron Paul and then democrat Alan Grayson authorized Federal Reserve audit. However, the audit  never implemented due to latter declining access and deploying tactics stymieing congressional action in this regard.

Notwithstanding the aggressive measures against then congressman Alan Grayson effectively ending the democrat’s political career was in accordance with the tradition. Then democrat Alan Grayson replaced with complacency and complicit members in the United States Senate and House of Congress rhyming Federal Reserve’s script is the norm relevant until now.

How did then President Barack Obama appease the Federal Reserve Banking syndicate, the deep state and globalists to secure re-election in 2012 will be disclosed at the appropriate moment.

The latest Biden – Emhoff administration appointee – Treasury secretary Janet Yellen – the former Barack Obama appointee as the Federal Reserve Chair is hardly surprising. Then Federal Reserve chair Janet Yellen immediate priority upon assuming power was key interest rate increased on December 16, 2015.

The public information confirms – “With Yellen as chair, the Federal Reserve increased its key interest rate on December 16, 2015. This was the first time the key interest rate was increased since 2006.”

This interest rate increase from Janet Yellen had a significant impact on borrowing across the economic sector including the home mortgage, business, auto loans, student loans and importantly government borrowing from the Federal Reserve to run government affairs while enormously boosting Federal Reserve profiteering that was never subject to audit. 

Then Barack Obama – Joe Biden administration fiscal fiasco.

The former President Barack Obama also raised the debt ceiling.

February 12, 2010: Increase in the debt ceiling signed into law by President Barack Obama, after being passed by the Democratic 111th United States Congress. It increased the debt ceiling by $1.9 trillion from $12.394 trillion to $14.294 trillion.

Courtesy – The Balance. National Debt Under Obama – Thank you.

President Barack Obama added anywhere from $2.8 trillion to $9 trillion to the national debt.

The largest number comes from calculating how much the debt increased during Barack Obama’s two terms. When Barack Obama was sworn in on Jan. 20, 2009, the debt was $10.626 trillion.

When he left office on Jan. 20, 2017, it was $19.937 trillion. It explains why some would say Barack Obama added $9 trillion to the debt.

More revelations and discussion to follow in due course.

Thank you.

Padmini Arhant 

 

 

 

 

 

COVID-19 Relief Package

December 24, 2020

COVID-19 Relief 

Package

Padmini Arhant 

Congress in the House and Senate are required to prioritize American families and Small businesses over foreign nations. The pandemic related indefinite lockdowns have caused excruciating economic conditions crippling survival.  Many retail businesses and restaurants are permanently shut down due to ravaging health and economic effects from the pandemic.

In these situations, the political and judiciary backing Beijing quid pro quo Presidential candidacy unequivocally harm the nation.

The egregious decision bowing to Beijing promoting Beijing candidacy to the White House rather than holding China CCP accountable for pandemic disaster is the irony.

The personal and vested interests overriding national interest in this regard defy reason and constitutional obligation.  Not to mention the position reflecting treason.

Congress failure to pass desperately urgent stimulus package without contingent on foreign aid is tragic and confirms political reality. The procrastination alludes to American tax payers funded United States legislative branch betrayal in every respect.

Furthermore, the stimulus package rested on foreign welfare hinder prospects to much needed domestic economic recovery.

Congress agreement to $2000 stimulus relief is welcome. However, the political wrangling over pork spending and philanthropy to foreign governments cannot be tied to American families plight.

Charity begins at home prior to extending financial aid to foreign nations.

It’s important to keep own house in order before distribution of American tax payers funds offshore.

Thank you.

Padmini Arhant 

 

California Local and State Authorities COVID-19 Measures

December 8, 2020

California Local and State Authorities

COVID-19 Measures

Padmini Arhant

The pandemic toll on lives and people’s health is a tremendous challenge world over. The situation since widespread transmission of the virus has been fluctuating delaying anticipated bell curve with spikes disrupting efforts to reach the minimal or nil casualties in the United States. The initiatives in combating the virus with prolonged lockdowns allowing intermittent relaxations to test immunity among different communities besides federal and state authorities strict guidelines followed by most citizens is the common prescription thus far. The vaccine approval with citizens abroad administered at present would soon provide evidence on the effectiveness in the preventive care until the drug to cure life threatening symptoms become available for public use.

However, the health crisis necessitating lockdowns has enormous impact on the economy and livelihoods of ordinary citizens representing overwhelming majority nationwide. California among other states has been subject to rigorous conditions directly inflicting economic losses and damages for small business owners in any industry especially restaurants and food chains, personal care services such as hair salons and much more.

While certain areas of retail service industry might be considered high risk, the job loss from small businesses forced into shut down is crippling local, state and national economy reflected in the unemployment data. The handling or rather mishandling of COVID-19 varying from state to state even different cities and counties within a state is largely contributing to unnecessary breakdown in meeting health and economic expectations i.e. minimizing infections and improving economic activities that should be inversely proportional.

Californian local and state authorities implementation to mitigate COVID-19 has been irregular and to a large extent felt discriminatory among small business community like restaurants and diners diligently observing state and federal safety instructions on COVID-19 yet the vast majority are mandatorily shut down exacerbating economic plight for working class and lower income individuals as well as families struggling to make ends meet in the excruciating times requiring appropriate economic measures to alleviate disproportionate suffering across the spectrum.

Although, state and local authorities may emphasize the urgent need to contain escalating COVID-19 patients hospitalization citing limited capacity in various county and city hospitals, the chief authorities flouting their rules while censuring small business owners and ordinary citizens on daily activities is a reminder to authorities to be the example for people to follow suit in the otherwise contradictory position.

Los Angeles Mayor Eric Garcetti ban on walking and driving during lockdown exceeds the norm without giving residents the benefit of doubt to make such decisions on health risks to them and others in the height of government determination of citizens’ lifestyle.

Governor Gavin Newsom in spotlight for dining with a large gathering of 15 people in Napa Valley restaurant amid imposing statewide closing of restaurants and other retail services barring exceptions to politically favored or aligned business chain undermine the rule of law prompting legitimate questions from citizens statewide.

Instead the governor prioritizing small and medium businesses SOS with effective plans and policy such as allowing restaurants and diners with take out options and outdoor seating maintaining social distancing of 6 feet and other requirements would help businesses and their employees from losing jobs, health care and home considering large number of working class and middle as well lower income groups are in rental accommodation and employer afforded health insurance.

Obviously there appears to be lack of cognizance among authorities on residents misery in the absence of any kind of financial assistance with long overdue second stimulus package and PPP aimed at economic relief to people drastically affected in COVID-19 stalled and delayed for partisan political reasons in the Capitol Hill.

Small and medium businesses are the back bone of the local and national economy. The state and national legislators immediate focus in reviving the sector with practical solutions expediting financial provisions setting aside political differences and reservations is critical to save lives and livelihoods in the extraordinary environment.

The authorities less interference in people’s personal lives and more attention towards restoring jobs and businesses with streamlined restrictions to address COVID-19 would strike a balance winning residents cooperation in the collective responsibility to defeat the pandemic and gain economic momentum.

Thank you.

Padmini Arhant

Author & Presenter 

PadminiArhant.com

Prakrithi.PadminiArhant.com

 

 

 

 

 

 

 

 

 

United States – Paycheck Protection Program

April 17, 2020

United States – Paycheck Protection Program

Padmini Arhant

United States Congress passed $2.2 Trillion corona virus economic stimulus package of which $350 billion allocated towards Paycheck Protection Program (PPP) intended to pay workers employed by small businesses and local industry with 500 or less employees appear to be losing to hospitality industry big corporate chains protecting their investments in big hotels and franchises not only in the United States but worldwide.

Is this what lobbying Congress deliver lobby firms representing big corporate chains at ordinary tax payer expense? 

While the $2.2 trillion tax payers funded stimulus checks has strict income based means to qualify for $1200 payment to households leaving others above the threshold to fend for themselves,

The affluent members such as big hotel chains and real estate owners in hospitality industry in the economic sector with more than adequate resources and fall back options at their disposal depriving small businesses and their workers from receiving due economic relief deserves review and attention. 

Corporate bailout during any crisis is the norm burdening ordinary tax payers with generational debt. The corporate socialism typically provides opportunity to enhance  personal wealth in buy back stock holdings and corporate ventures taking advantage of incentives meant for small businesses and workers hit hard in the economic and health crisis. The loopholes in the economic package gained through lobbying is disproportionately misused denying other victims a fair share of the large stimuli. 

The relevant work force and organizations representing the weaker economic sector i.e. small businesses and employees who are laid off in the current economic freeze with no lobbying power unlike major corporate entities cannot be neglected considering they ultimately contribute to larger consumer base necessary for big corporate survival in any industry. 

The loans to small businesses expected to retain workers and employees in the $350 billion PPP package reaching the appropriate recipients is critical for economic revival.

Similarly, the upcoming $250 billion stimulus that United States Congress is about to approve targeting the vulnerable and severely affected local businesses and workers are facing fierce competition from bigger enterprise utilizing their lobbying capacity to maximum benefit.

Congress members heeding ordinary citizens economic plight in the unprecedented health and economic situation would guarantee better results in economic recovery. 

Average citizens as workers and consumers together with small entrepreneurs are equally instrumental in micro and macro economic management.

Accordingly, their growth and development is an integral part of economic sustenance. 

Thank you.

Padmini Arhant 

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com 

—————————————————————-

Reference article – Orlando Sentinel, United States – Thank you. 

https://apple.news/AJezdLCafQuuZxGt47BWFrg

“Big corporate chains are getting millions in coronavirus aid meant for small businesses – Orlando Sentinel

Large hotel, restaurant companies getting small-business loans want to spend less of the money paying workers.”

—————————————————————-

Next Page »