Based Underground is now a conservative news aggregator AND curated newsletter.
The International Monetary Fund (IMF) released a staff report last week, advising the Federal Reserve to wait to cut interest rates and instead suggests that the government raises taxes to combat the out-of-control federal debt.
The globalist-backed report mirrors the Biden Regime’s economic narrative, recommending that the FED hold the line until interest rates dip back down to their set target of 2%. As expected, there is no mention of the destructive policy – the open border, billions in foreign aid, overspending, etc. – and completely ignores the catalyst for the entire mess: the COVID lockdowns.
“Directors commended the authorities for their commitment to price stability and successful disinflation. Nevertheless, given salient upside risks to inflation and strong performance of the economy, they noted that the Federal Reserve should not reduce its policy rate until there is clearer evidence that inflation is sustainably returning to its 2 percent target. Clear communication, including forward guidance, will help guide market expectations in line with the Fed’s intended policy path,” the document stated.
The report claims that the increase in public debt poses a risk to the US and global economy and also expresses a pressing need for a “frontloaded fiscal adjustment” that could be achieved by generating “revenue” – In layman’s terms, they want the Biden Regime to put those 80,000+ IRS agents to work, and tax the hell out of the citizenry… After all, someone has to take care of the $34 TRILLION+ in debt that is skyrocketing daily, because, as we have seen, it won’t be done via government spending cuts. […]
— Read More: www.thegatewaypundit.com
Does Donald Trump REALLY Have This Election “In the Bag”?
by JD Rucker
No. Stop it. Remember 2020. Remember the tens of millions of illegal aliens, 14% of whom are apparently registering to vote. Remember that while most states can report results in less than a day, for some reason battleground states like Pennsylvania and Georgia are incapable of reporting for days or…
Daniel Penny Subway Chokehold Trial Begins
by Zero Hedge
Jordan Neely’s death in a crowded Manhattan subway car made worldwide headlines in May 2023, after bystander footage showed former Marine Daniel Penny restraining the erratic homeless man in a fatal chokehold. The case is finally set to go to trial, with jury selection beginning Monday. Penny, who has argued…
You Can’t Get Blood Out of a Stone: U.S. Consumers Have Been Squeezed Bone Dry as the U.S. Economy Falters
by Michael Snyder
(The Economic Collapse Blog)—A recent survey discovered that 79 percent of Americans believe that the U.S. is on the wrong track right now. As a nation, we may not agree on much, but this is one thing that almost all of us can agree on. Needless to say, the economy is…
US Investigating Leak of Israeli Attack Plans for Iran
by Publius
The United States government is currently engaged in an investigation concerning the unauthorized release of classified documents that detail Israel’s planned military attack against Iran, as reported by The Associated Press. These sensitive documents, attributed to both the U.S. Geospatial Intelligence Agency and the National Security Agency, indicate that Israel…
Bank of America Sees Gold Breaking $3,000 Sooner Rather Than Later
by Sponsored Post
Gold has recently experienced a remarkable resurgence, setting record highs and drawing renewed attention from both retail and institutional investors. This shift comes as traditional safe-haven assets are increasingly perceived to be under threat. Strategists at Bank of America suggest that investors, including central banks, should consider reallocating into gold…
Texas DPS Encounter Group of 30 Illegal Aliens with 3 Unaccompanied Minors and 3 Special Interest Illegals
by The Gateway Pundit
Texas DPS apprehended a group of 30 illegal aliens on Sunday in Maverick County. In the group were 3 unaccompanied minors and 3 illegals from the “special interest” countries of Iran and Guinea. Special interest refers to countries that pose a threat to United States national security including potential terrorist…
‘Nightmarish Scenario:” Creeps Can Produce AI-Generated Deepfake Nudes of Anyone With a Few Clicks
by Breitbart
Online AI chatbots are enabling users to generate explicit nude photos of real people with just a few clicks, raising alarms among experts about a looming “nightmarish scenario.” A recent investigation by Wired has uncovered a disturbing trend on the messaging app Telegram, where dozens of AI-powered chatbots are allowing…
Elon Musk Goes All-in for Trump at Huge Pittsburgh Rally, Says ‘Stakes Are Too High’ to Remain Politically Neutral
by The Post Millennial
Elon Musk was in Pennsylvania Sunday along with Republican presidential candidate Donald Trump to tell Keystone State voters that although he might “hate politics” he’s engaging in it right now because “the stakes are too high that … I feel I have no choice.” “Yeah, anyway, so I’m dramatically increasing…
Fake Meat Industry Now Demanding Public Subsidies Due to Lack of Customer Interest
by Ramon Tomey
(Natural News)—The fake meat industry is now demanding public subsidies to prop itself up, given that customers have spoken with their wallets and said “no” to lab-grown meat. Data from AgFunderNews cited by the National Pulse reveals that the industry is in dire straits due to dwindling money. Funding for the lab-grown meat sector peaked…
Dominion Voting Systems Issues a Chilling Warning to Conservatives Weeks Before the Election
by The Gateway Pundit
Dominion Voting Systems has issued a chilling warning to conservatives just weeks before the all-important presidential election. In a post on the X platform, the company said that it was “closely monitoring” claims that its machines may be compromised. “Dominion is closely monitoring claims around the Nov. 2024 election and…
Coward: Hamas Chief’s Bunker Loaded With UN Food, Millions in Cash, Weapons and More
by Red State
The one constant in the entire “Islamist terrorist” issue is that their leaders 1) never place themselves in any direct danger, although sometimes danger in the form of the Israeli Defense Forces (IDF) manages to find them anyway, and 2) they generally live in wealth and luxury while their fighters…
Fire Departments Sued by Biden-Harris for Requiring Job Candidates to Learn How to Fight Fires
by The Gateway Pundit
Thank heavens for the Biden-Harris administration and its steadfast determination to root out institutional racism wherever it may hide. And it hides in the strangest places, too. For instance, do you know it’s institutionally racist to expect a firefighter to know enough to fight fires? I know, I’d been too…
“The Epitome of Evil” Is Running Operations Out of Government Facilities “Established to Provide Assistance” to Illegals
by Michael Snyder
(End of the American Dream)—Are you ready for the truth? Since Joe Biden entered the White House, we have witnessed a tsunami of migration that is unlike anything we have ever seen before. Millions upon millions of people that are not being properly screened are taking advantage of our deeply…
Iran Deserves Listing on Global Terror Finance and Money-Laundering Blacklist
by WND
On Oct. 21, the plenary of the Financial Action Task Force, or FATF, will convene in Paris. Should the organization that sets global standards for countering money laundering and terror finance consider removing the Islamic Republic of Iran from its blacklist, as Tehran hopes, the answer should be a resounding…
The All-Too-Short List of Conservative, Anti-Globalist Leaders
by The Gateway Pundit
As the world shifts leftward and increasingly embraces globalism, a handful of leaders remain as holdouts—conservative, anti-globalist figures who advocate for national sovereignty, economic protectionism, and opposition to globalist institutions such as the United Nations, the European Union, or multinational trade agreements. They frequently push for secure borders and immigration…
