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The Death Of Truth & The Rise Of Centralized Government Control

The Death Of Truth & The Rise Of Centralized Government Control

Authored by Matthew Piepenburg via GoldSwitzerland.com,

As I write this from a France making ever more bold moves toward forced vaccination, one can’t help but ponder…

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The Death Of Truth & The Rise Of Centralized Government Control

Authored by Matthew Piepenburg via GoldSwitzerland.com,

As I write this from a France making ever more bold moves toward forced vaccination, one can’t help but ponder the broader issues of centralized government control, regardless of one’s take on vaccine or no vaccine.

Focusing on financial rather than viral data, the evidence of centralized state control over natural market forces in the stock and bond markets is becoming increasingly incontrovertible.

We’ve written elsewhere about the death of logic and the madness of crowds. It should therefore come as little surprise that the death of truth is yet another casualty of the increased central control we are experiencing in global markets.

Debt Crisis Disguised as a Health Black Swan

Long before COVID reared its highly controversial head (from viral source debates, baby-with-bathwater policy reactions, censored science as to vaccine efficacy and safety, distorted math on infection rates vs death rates, and centralized government control by officials acting “for your own safety” vs. Constitutional and legal issues of individual choice), the global financial system was already in an undeniable as well as unsustainable debt crisis.

As any one who can fog a mirror and read history in the same breath also knows, whenever a debt crisis is obvious, what follows is equally obvious: an economic crisis, then a political crisis, and from there a social crisis.

In short, and from ancient Rome to 1917 Russia, or 1789 France to 1933 Germany, debt matters.

Debt is a very dangerous thing to economies and societies, and always climaxes with more centralized control in its wake.

The problem for the 21st century, however, is that almost no global policymaker (left, right or center, European, Asian or American) wanted to touch this $280T debt elephant in the room.

Instead, they buried their heads for years in the sand and sought re-election with promises paid for with, alas, more debt.

In this openly embarrassing backdrop (long before COVID), economic orthodoxy had been tossed into a corner as governments around the world took on fatal debt levels like this:

…paid for (i.e., “monetized”) with mouse-click fiat money like this…

But rather than face or confess the sins of a system already on its debt-broken knees, the financial and political actors responsible for the pre-COVID debt disaster had a convenient tale to tell.

A Convenient Lie

That is, and almost as if on demand, along came the tale of all tales, the patsy of all patsies, the blame of all blames, and the excuse of all excuses: COVID.

That is, if we thought economic orthodoxy (i.e., living within one’s national means, valuing valuations or honoring free market price discovery) had been tossed into a corner pre-COVID, well, the post-COVID backdrop essentially murdered economic orthodoxy completely.

Today, we have global debt rising exponentially…

…as well global central banks printing more fiat currencies parabolically:

New Rules Hiding Old Failures and “Fuzzy Economics”

COVID paved a sad new road to what Antoine van Agtmael described as “fuzzy economics”—namely a financial panopticon in which governments worldwide have literally gorged themselves on ever more debt in a secular paradigm shift toward greater centralized control over our economic, personal, social, political and foreign policies.

From vaccines to banking regulations, lockdowns to melt-ups, individuals and markets are now adapting to a new set of desperate rules in the wake of the equally desperate failures of prior financial policies.

a. Governmental Guarantees of Commercial Bank Loans

To this end, I have spoken with Russell Napier at length (and written at length)on these new rules, which involve new sets of governmental/centralized control euphemistically described as “support,” including governmental (and highly inflationary) guarantees of commercial bank loans.

This massive game-changer (and open signal of increasing centralized control) effectively went unnoticed by the Main Stream Media, whatever stream that is…

b. Warnings from a Fed Governor: Governments Doubling Down

Yet even before blunt geniuses like Napier clarified this narrative, some of the less blunt and far less genius policy makers themselves could no longer hide or deny their own mistakes, all of which pointed toward new rules, “new order” and hence new mistakes to come.

In May of 2015, for example, former Fed governor Larry Lindsay was already confessing that “the financial arrangements of the state are no longer sustainable,” and that a new paradigm awaited us.

He went on to say that, “it is not a pretty change if we get there, and it is a matter of political liberty because a government will NOT voluntarily let itself go out of business…it will use all its powers available… to fund itself.”

Imagine that.

The sad fact is that just because governments have immense power, this by no means implies immense wisdom, character, accountability or even math skills.

The new rules now involve a financial system already heading toward an open confession of Wall Street socialism and a Federal Reserve which is now effectively, if not entirely, financing the U.S. government.

Centralized Government Controls = Deliberate Inflation

As Russell Napier, a one-time staunch deflationist, now argues, these new rules all point to more inflation ahead, which is the ultimate gut-punch to an already over-controlled and dying middle-class—i.e., the real world.

But for nations drowning in debt, deliberate inflation is one way to print away that burden.

Bond Markets Decoupled from Reality

Meanwhile, in this new abnormal of increased centralized control over our lives, markets and economies, the Fed can create money like this in the span of months…

…in order to purchase the vast bulk of otherwise unwanted IOUs from Uncle Sam—i.e., Treasury bonds.

Such “policy,” of course, artificially suppresses Treasury yields (which go down as central bank supported bond prices go up).

This explains why yields have sunk to levels which in no way reflect where yields would otherwise be in a free market confronting undeniable as well as rising inflation (which the Fed still refuses to acknowledge).

But as for inflation, Napier once again reminds: “Have we ever seen a country in history persistently running a broad money growth rate at 10% that didn’t have inflation at 4% or above? The answer is no.”

Of course, the U.S. is hardly alone in drinking its own debt Kool-Aide, and if you still need more evidence of who is buying the world’s major governments bonds, it’s simply their own central(ized) banks:

Truth Dies as Centralized Government Controls Rise

In short, control has not only distorted markets, it has distorted truth, and in the same breath, distorted any sense of trust in centralized “leadership” and/or credibility, which like real bond yields, grows more negative by the day.

As Napier has said elsewhere, “bond yields are decoupled from inflation,” which is a polite way of saying that bond yields in particular, like the bond market in general, is an open lie.

Stocks Decoupled from Reality

Speaking of “decoupling” from reality in the wake of the “new rules” emerging from increasing centralized controls (economic, social and political), the stock market is no less of an open lie than the overtly subsidized bond market.

After all, stocks love a generous central bank, one becoming more central to our financial lives with each passing day, mouse-click and newly “printed” dollar.

Hard to believe?

Then ask Warren Buffett’s infamous stock market valuation metric which measures total equity market cap as a percentage of GDP.

As the graph below confirms, about the only thing growing under centralized control and its “new rules” is the mother of all stock bubbles.

The “centralizers” in bed with the debt-drunk politicos call this “promising market growth” resulting from “accommodation,” but anyone who tracks markets already knows that debt-driven, money-printed “growth” is not growth at all—it’s merely a centralized aberration, as well as an open insult to natural market forces.

More to the point, such top-heavy (and artificial) market predominance within U.S. GDP screams of an open charade, and graphs like the Buffett Indicator above are just one more reason to distrust a centralized system which has now fully devolved from free market to free prevarication.

Pretty Words to Hide Scary Math

Centralizers may be dishonest and openly distortive, but like all politically self-interested profiles, they are masters at putting lipstick on a pig through euphemistic word choice, of which “quantitative easing,” “stimulus,” “accommodation,” “MMT,” and “recovery’ are all classic examples.

But there’s more…

“Climate Change” Policies—Wise Altruism or Just More Centralized Control?

As for further examples of the creative use of language to hide truth, it may come as a surprise to any of us who care about the planet that the sudden politicized interest in “climate change” may not be as altruistic or progressive as the politico’s would like you to believe.

In a global backdrop of debt-driven desperation and increased centralization, leaders thirsty for any way to build credibility would have us admire their green initiative; but the real driver behind their plans may be less green than oil-colored.

With all the inflationary forces colliding (extreme money supply expansion, fiscal deficits, governmental guarantees etc.), the last thing our not-so-trusted leaders want to confess is that oil prices, and oil supply, may be signaling an end to cheap oil.

Rather than confess the myriad economic and political shock waves of a “peak oil” event, the powers that be would rather use “climate change” to justify their suddenly important war against fossil fuels to mask a pivot toward ever more centralized government control of your thinking and your energy consumption.

Earlier in July, for example, the Financial Times announced that “in order for sustainable finance to work, we will need Central Planning.

Really? Wonderful, more central planning.

This blunt declaration was made in regard to the EU’s new sustainable finance strategy and Green Bond Standard aimed at creating the first climate-neutral continent by 2050.

Sounds noble? Who wouldn’t love “climate neutral”?

But why does sustainable finance and climate neutrality require central planning?

What’s likely being deliberately censored from this initiative is that troublesome little notion so in danger today, namely allowing free markets to decide which energy sources provide the highest “Energy Return on Invested Energy” (EROIE).

Needless to say, when it comes to “bang for your buck” the best energy “rate of return” still comes from those pesky fossil fuels not windmills or nuclear reactors.

Needless to say, if free market forces were in actual play, participants would use of the cheapest, most cost-efficient source for energy, again: Fossil fuels.

Making headlines today, however, are global policymakers (from Yellen to the IEA) endeavoring (nobly?) to gut-punch interest in fossil fuels.

The IEA has openly stated they want energy groups to stop producing oil and gas by 2050.

But again: Is the motive truly noble? Is this about the environment? The planet’s safety? Or something else?

Cynically (and I am a cynic), there may be a darker problem beneath the surface of this political shine, including the fact that the oil production beneath the surface of that same planet has not moved much at all in the last decade.

In other words, has the world reached peak oil?

Are policy makers deliberately attacking the free market use of energy sources to save the planet, or do they secretly believe peak oil (namely peak “cheap” oil) is a stark reality against which policy makers must now take extreme action?

In sum, is “climate change” a politically correct ruse used to mask the much darker reality that “peak oil” is upon us, which would have a drastic impact on debt markets, geopolitics (think Saudi Arabia), and inflation (skyrocketing)?

Certainly, “climate change” offers far better political optics than “peak oil” headlines and all that it would portend should affordable oil become a distant memory.

More Centralization + More Spending + More Inflation = More Need to Prepare

As I wrote in a book published just weeks before the COVID outbreak, the financial system was already and openly Rigged to Fail well before a pandemic became the new pretext for once unthinkable governmental influence (i.e., centralized control) over our markets and private lives.

The evidence of increasing centralization is all around us, yet in an increasingly politicized media which effectively parrots (rather than questions) governmental policy, what is entirely absent is increasingly open and public debate (as well as math) on everything from COVID policy to monetary policy.

Regardless of whether you feel governments are centralizing to benefit or control your future, the means to that centralized end will demand further spending, further debt-onboarding and hence further distortion of credit, equity, real estate and currency markets.

As for currencies, be they paper, digitalized CBDC or some hybrid, informed investors recognized long ago that they will not be real stores of value, and hence the road ahead will certainly favor precious metals, as just about everything else “precious” about free markets and national currencies is behind us.

Needless to say, this explains why some of the largest and most recent buyers of gold are the global central banks (Russia, Hungary, Brazil…) themselves.

Just saying…

Tyler Durden Mon, 08/09/2021 - 18:20

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International

UK’s Johnson Urges Talks As Unions Threaten “Biggest Rail Strike In Modern History”

UK’s Johnson Urges Talks As Unions Threaten "Biggest Rail Strike In Modern History"

Authored by Alexander Zhang via The Epoch Times,

British…

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UK's Johnson Urges Talks As Unions Threaten "Biggest Rail Strike In Modern History"

Authored by Alexander Zhang via The Epoch Times,

British Prime Minister Boris Johnson has urged rail unions to talk to the government before causing “irreparable damage” with strike action.

The National Union of Rail, Maritime, and Transport Workers (RMT) is holding a ballot of its 40,000 members on plans to strike over jobs, pay, and conditions. The ballot is set to close on Tuesday, and the union has claimed that a yes vote could lead to “the biggest rail strike in modern history.”

Another union, the Transport Salaried Staffs’ Association (TSSA), has also warned of a “summer of discontent” with similar action on the way unless pay disputes are resolved.

The prime minister’s official spokesman said on Monday:

“Railways are going through difficult times with passenger numbers down. We need to make sure they’re fit for the future.”

He said the government wants “a fair deal for staff, for passengers, and taxpayers” so that “money isn’t taken away from other essential services” such as the National Health Service.

“The prime minister is firmly of the view that unions should talk to the government before causing irreparable damage to our railways—strikes should be the last resort not the first,” he added.

Transport Secretary Grant Shapps told The Sunday Telegraph that ministers are looking at drawing up laws which would make industrial action illegal unless a certain number of staff are working.

Shapps said the government hopes the unions will “wake up and smell the coffee” and suggested that strikes could put more people off rail travel.

He also accused unions of going straight to industrial action rather than using it as a last resort, adding that railways were already on “financial life support” because of the CCP (Chinese Communist Party) virus pandemic.

Referring to a pledge in the Conservative Party’s 2019 election manifesto, which promised minimum services during rail strikes, he said:

“We had a pledge in there about minimum service levels. If they really got to that point then minimum service levels would be a way to work towards protecting those freight routes and those sorts of things.”

Unions have reacted to the threat with anger.

RMT General Secretary Mick Lynch said, “Any attempt by Grant Shapps to make effective strike action illegal on the railways will be met with the fiercest resistance from RMT and the wider trade union movement.”

He said the government needs to “focus all their efforts on finding a just settlement” to the rail dispute rather than “attack the democratic rights of working people.”

Tyler Durden Tue, 05/24/2022 - 02:00

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Government

CytoDyn Inc (OTCMKTS: CYDY) On the Comeback Trail (HIV Leronlimab Update)

CytoDyn Inc (OTCMKTS: CYDY) continues to move steadily higher in recent trading since hitting lows of $0.231 after the FDA placed a partial clinical hold…

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CytoDyn Inc (OTCMKTS: CYDY) continues to move steadily higher in recent trading since hitting lows of $0.231 after the FDA placed a partial clinical hold on the Company’s HIV program and a full clinical hold on its COVID-19 program in the United States. CYDY was one of the biggest runners of 2020 skyrocketing from pennies to $10 per share and MIcrocapdaily covered the stock regularly back in those exciting times. Since than CYDY has been downward bound, first suffering from the Citron short attack and more recently the March 30 drop after the FDA hold. Further, CytoDyn elected to pause its Brazil COVID-19 trials pending results from its previously scheduled data safety monitoring committee meeting and is in the process of reevaluating the timing of its HIV BLA resubmission. CYDY saw further declines after the Company’s CEO and registered public accounting firm, Warren Averett LLC, both resigned. 

On May 23 CYDY reached a non-cash settlement with its former Chief Medical Officer, Dr. Richard Pestell. The Company will release to Dr. Pestell 8.3 million shares of CYDY held in escrow, transfer to Dr. Pestell the assets acquired from ProstaGene LLC and subsequently written-off by the Company and issue a warrant at an exercise price of $0.37 per share to Dr. Pestell for seven million shares of the Company’s common stock. Dr. Pestell and the Company are also exploring ways in which Dr. Pestell can reengage with the Company to help realize Leronlimab’s full potential in oncology. This is an important step forward for CytoDyn as any potential suitor would want the current management to clear the deck of lawsuits before initiating a buyout or partnership. Also, an all-stock settlement shows a lot of faith in the Company from Dr. Pestell who make come back. At this point Cytodyn must find a sponsor or partner to get Leronmilab back on track for HIV. 

The underlying science of Leronmilab has not changed; leronlimab has demonstrated significant potential to attack a number of diseases including cancer, and HIV.  Considering how fast CYDY dropped the bounce potential here is significant and when CYDY does make a definitive move northbound the stock could make rapid gains in a very shorty time period. Management remains hopeful the FDA will review the case and stop the hold of Leronlimab. 

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CytoDyn Inc (OTCMKTS: CYDY) is a clinical-stage biotechnology company focused on the development and commercialization of leronlimab, an investigational humanized IgG4 monoclonal antibody (mAb) that is designed to bind to C-C chemokine receptor type 5 (CCR5), a protein on the surface of certain immune system cells that is believed to play a role in numerous disease processes. CytoDyn is studying leronlimab in multiple therapeutic areas, including infectious disease, cancer, and autoimmune conditions. 

In January Cytodyn reported positive results from the 350 mg weekly dose of its Phase 2 NASH clinical trial. The trial was conducted in two parts. Part 1 compared a 700 mg weekly dose and placebo in a double-blind randomized manner and Part 2 evaluated a 350 mg weekly dose as an open label study compared to the same placebo blinded arm. Results of the topline report will be announced when available.  

The pre-clinical and clinical development of PRO 140 was led by Progenics Pharmaceuticals, Inc. through 2011. The Company acquired the asset from Progenics in October 2012. In February 2018, CYDY announced it had met the primary endpoint in its Phase 3 trial for leronlimab as a combination therapy with HAART for highly treatment-experienced HIV patients and first submitted the non-clinical portion of the Company’s Biologics License Application (“BLA”) to the FDA in March 2019.  

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CYDY

Cytodyns current business strategy is to resubmit its BLA to the FDA as soon as possible, to finalize with the FDA our submitted protocol for a pivotal Phase 3 clinical trial with leronlimab as a monotherapy for HIV patients, to seek emergency use authorization and approval for leronlimab as a potential therapeutic benefit for COVID-19 patients with mild-to-moderate, severe-to-critical, and long-haulers indications in the U.S., Brazil, and other countries, to advance the Company’s clinical trials with leronlimab for various forms of cancer, including, among others, the Phase 2 clinical trial for metastatic triple-negative breast cancer and Phase 2 basket trial for 22 solid tumor cancers, to complete the Phase 2 trial for liver fibrosis associated with nonalcoholic steatohepatitis (“NASH”), and to explore other cancer and immunologic indications for leronlimab.  

On May 23 CYDY announced it has reached a non-cash settlement with its former Chief Medical Officer, Dr. Richard Pestell, concerning an ongoing legal dispute related to his former employment with the Company. 

Under the terms of the agreement, the parties will release each other of all claims, and the Company will release to Dr. Pestell 8.3 million shares of the Company’s common stock held in escrow, transfer to Dr. Pestell the assets acquired from ProstaGene LLC and subsequently written-off by the Company and issue a warrant at an exercise price of $0.37 per share to Dr. Pestell for seven million shares of the Company’s common stock. Dr. Pestell and the Company are also exploring ways in which Dr. Pestell can reengage with the Company to help realize leronlimab’s full potential in oncology. CytoDyn regrets Dr. Pestell’s departure from the Company and the subsequent public statements made by its former CEO about Dr. Pestell. 

Dr. Pestell has published more than 600 works, is the most frequently cited scientist in the field of cell-cycle control and was appointed an Officer of the Order of Australia in the 2019 Queen’s Birthday Honours for distinguished service to medicine and medical education. He has served on editorial boards of six journals, was the Director of two NCI-designated Cancer Centers and has founded several biotechnology companies. He serves as an advisor and reviewer for a number of domestic and international research centers, including NCI cancer centers. 

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Currently trading at a $226 million market valuation CYDY is an SEC filer and is fully reporting OTCQB. The Company has close to $100 million in assets and about that in debt. At current price levels CYDY is worth a close look; CYDY was one of the biggest runners of 2020 skyrocketing from pennies to $10 per share. While there are plenty of ricks not to mention the CEO and accounting firm resigning CYDY is moving northbound now and looks to be coming back. The underlying science has not changed; Leronlimab has demonstrated significant potential to attack a number of diseases including cancer and HIV.  Considering how fast CYDY dropped the bounce potential here is significant and when CYDY does make a definitive move northbound the stock could make rapid gains in a very shorty time period. Management remains hopeful the FDA will review the case and stop the hold of Leronlimab. We will be updating on CYDY when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CYDY.

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Disclosure: we hold no position in CYDY either long or short and we have not been compensated for this article.

The post CytoDyn Inc (OTCMKTS: CYDY) On the Comeback Trail (HIV Leronlimab Update) first appeared on Micro Cap Daily.

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Government

Immigration Disappears From Kamala Harris’ Public Schedule

Immigration Disappears From Kamala Harris’ Public Schedule

Authored by Philip Wegmann via RealClear Politics (emphasis ours),

It was her…

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Immigration Disappears From Kamala Harris' Public Schedule

Authored by Philip Wegmann via RealClear Politics (emphasis ours),

It was her first overseas trip, and Vice President Harris, recently deputized to address what the White House calls “the root causes of migration,” was in Guatemala trying to break through with a simple message. “Do not come,” Harris told would-be migrants last June. “Do not come. The United States will continue to enforce our laws and secure our borders.”

(AP Photo/Susan Walsh)

They did not listen, or if any migrants did hear Harris last year, many ignored her message. Just last month, according to U.S. Customs and Border Patrol, 234,088 migrants were apprehended at the southern border, the highest mark ever recorded.

Asked that same month if President Biden had confidence in Harris and her ability to handle the situation, then-White House Press Secretary Jen Psaki replied, “he absolutely does.” But as the flow of migrants accelerates across the southern border, immigration has disappeared from the vice president’s public schedule.

A compilation of that schedule by the Los Angeles Times, reviewed by RealClearPolitics, shows that Harris has not hosted an immigration-specific event since last summer. The last one, a meeting with Asian American, Native Hawaiian, and Pacific Islander leaders in the White House last August, touched briefly on immigration.

White House officials dispute any characterization that Harris’ public schedule tells the whole story. “The vice president continues to lead implementation of the Root Causes Strategy and has been engaging with Cabinet and other Administration officials on this effort,” Harris’ Press Secretary Kirsten Allen told RCP.

Addressing the challenge remains part of the vice president’s policy portfolio. She leads top-level meetings that are not always made public, and she has taken point in diplomatic efforts in the region. For instance, it was Harris who traveled to Honduras for the inauguration of President Xiomara Castro in January. Administration officials hoped to find a new ally in that executive, someone who would help stem the flow of the millions of people heading north through Central America to the southern border. According to an official White House readout, Harris and Castro discussed “a broad range of issues.” Among them migration, but also coronavirus and the economy as well as corruption and gender-based violence.

Despite those efforts, the influx has not slowed, and Biden is expected to end enforcement of Title 42, the pandemic policy that allowed Border Patrol to turn away hundreds of thousands of migrants on public health grounds. Warnings from some Democrats in border states, including Texas Rep. Henry Cuellar, have gone unheeded.

The Department of Homeland Security is bracing for more record-breaking numbers at the border, and NBC News reports that there is concern in the department that they won’t have enough funding to address a surge if Title 42 is lifted, compounding a challenge that Biden has faced since the beginning of his presidency.

As the number of interdictions started to rise and chaotic images from the southern border flooded cable news, concern grew, even among Democrats. Biden’s own pollsters, the New York Times reported, warned that the issue was “a growing vulnerability." Biden still insisted that he could get the situation under control, albeit with divine intervention.

“Is there a crisis at the border?” RCP asked the president as he walked out of the East Room of the White House after a speech last March.

“No,” Biden replied over his shoulder. “We’ll be able to handle it,” he said while walking side-by-side with Harris. “God willing.”

Two weeks later, the Associated Press reported at the time, Biden tapped Harris to lead the administration efforts to tackle the migration challenge at the southern border and work with Central American nations to address root causes of the problem. Republicans were eager to assign blame and dubbed Harris “border czar.”

The vice president rejected that framing and sought to clarify her mission. As the White House press secretary explained to reporters last March, Harris “will be helping lead that effort, specifically the root causes – not the border,” admitting that there has been “some confusion over that.”

The president was also confused: When Biden and Harris met with the Congressional Black Caucus in April that year, he praised his vice president, saying she would do “a hell of a job” handling immigration, according to a new book by New York Times’ reporters Jonathan Martin and Alexander Burns. But Harris corrected him then and there, the two write. “Excuse me,” she said, “it's the Northern Triangle – not immigration.”

Biden eventually clarified the mission. “It’s not her full responsibility,” he later told reporters, but “when she speaks, she speaks for me.”

Whether she wanted the job or not, Harris embraced the challenge. She has made three trips to the region, and she traveled to the southern border to hear directly from Border Patrol. The vice president has met both with law enforcement and migrant groups, stressing all the while that the question “cannot be reduced to a political issue.”

Politics were there from the beginning though, and some feared that deputizing Harris to tackle such a mammoth challenge ran the risk of unfairly saddling her with a thankless mission for which there is no easy solution. “She is qualified to do the job,” Chuck Rocha told RCP of Biden’s decision to turn this part of his policy portfolio over to his vice president. Rocha helmed Latino outreach for Sen. Bernie Sanders in both of that candidate’s presidential bids, and Rocha credited Harris for being “a staunch advocate of the progressive wing of the immigration movement.”

All the same, Rocha warned last year that expectations should be tempered: “It has been an issue that we have been trying to fix for generations, one that I don’t think any one person can totally solve.”

Biden has called on Congress to take up comprehensive immigration reform since he got to the White House. There is no bipartisan appetite on Capitol Hill for the bill that he sent to Congress on his first day in office. The administration has subsequently been left to its own devices, and Harris released a 20-page plan last July to address the problem.

We will build on what works, and we will pivot away from what does not work,” Harris wrote in an introduction to the plan that focuses on creating partnerships with Northern Triangle countries to combat corruption, violence, and poverty.

“It will not be easy, and progress will not be instantaneous,” the vice president warned, “but we are committed to getting it right.” Biden should know. He was deputized by then-President Obama to deal with a similar mission amid an earlier surge of migrants, many of them unaccompanied children. On a tour of Central and South American nations in 2014, he offered U.S. help to root out corruption, provide economic opportunity, and ensure safety in the Northern Triangle nations.

“We have to deal with the root causes,” Vice President Biden told reporters gathered for a press conference in the residence of the U.S. ambassador to Guatemala, echoing the exact phrase his administration now uses eight years later.

Biden understands the challenge, and that tackling it without help from Congress is arduous and thankless, if not impossible.

“I said when we became a team and got elected, that the vice president was going to be the last person in the room,” he joked last March when he announced that Harris would helm the mission. “She didn’t realize that means she gets every assignment.”

“I gave you a tough job, and you’re smiling, but there’s no one better capable of trying to organize this for us,” the president continued after the levity. The vice president didn’t flinch. She thanked him “for having confidence in me.” Then Harris added, “there’s no question that this is a challenging situation.”

Tyler Durden Mon, 05/23/2022 - 23:00

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