The $3.5 trillion spending bill proposed by President Joe Biden and his progressive friends on the Left called the “Human Infrastructure Bill” is being debated in Congress right now.  Most of it is to build the socialist paradise that Senate Budget Chairman Bernie Sanders and House Speaker Nancy Pelosi dream about: new household entitlements, new employer mandates, Medicare benefits expansion and all kinds of corporate welfare subsidies in the name of the Green New Deal and industrial policy spending.

The last thing the American people need is a slowed down economy with a bloated federal government that sends us further into debt.  We can’t afford it! The result will be higher taxes on corporations and on capital gains and when corporations have to pay more, then you and I have to pay more in gas prices, in food prices, in goods and services these companies provide. It is a disastrous way to approach an already troubled economy post Covid.

On this week’s episode of CURE American, we bring together a group of experts to walk us through this $3.5 trillion progressive spending bill to tell us what’s in it and why it will hurt our economy. Steve Moore, economist, and founder of the Committee to Unleash Prosperity; Bill Walton, Managing Editor, Host and Executive Producer of The Bill Walton Show; Horace Cooper, Senior Fellow at the National Center for Public Policy Research; Tom McClusky, Vice President of Governmental Affairs for the March for Life; and, Richard Manning, President of Americans for Limited Government all join in the in-depth conversation.

Bill talks with Frank about:

The meltdown of China’s real estate giant Evergrande. Will the Chinese Communist Party let a Lehman Brothers-type scenario unfold? Bill doubts it.

The Chinese are racing against a demographic clock. Will the grow old before they grow rich? What moves will President Xi make to preserve his power.

Is China moving now to decouple from the rest of the world? America’s economy is deeply intertwined with China’s. This needs to be watched closely.

China just made a mockery of Hong Kong’s parliamentary election. What this could mean for investors.

SEC Chairman Gary Gensler is calling for Chinese audit firms to be vetted by the Public Company Accounting Oversight Board. Is this a serious move to protect American investors?

Bill talks with Frank about:

Bill’s upcoming TBWS episode with New Civil Liberties Alliance’s Phillip Hamburger and Jenin Younes on America’s “Administrative State”

How Congress has delegated most all of its rule making power to the Federal Agencies of the Administrative State. Unaccountable, unelected, this is the Deep State part of our permanent ruling class.

Joe Biden’s vaccine mandate puts America on the path to vaccine passports, the next step to something akin to China’s social credit system

 Blackrock and its CEO Larry Fink’s dominance of the Biden Administration’s economic policy making team. 

Bill talks with Frank about:

George Soros in a WSJ op ed warning Blackrock’s Larry Fink to end his involvement with China. “Larry Fink misunderstands China President Xi”  says Soros. 

Major American corporations are lobbying the Administration and Congress to stop being tough on China. Playing for the other team?

Frank and Bill speculate about when Biden will capitulate to China in order to further his climate change agenda. The Administration sees climate change and domestic terrorism as bigger threats to America than China.

Bill talks with Frank about:

• The Chinese Communist Party is trying to enlist its “old friends” in the U.S. like the Chamber of Commerce to prevent legislation they perceive as tough on China.
• George Soros writes in the Financial Times warning investors away from investing in MSCI China. Why? We need to follow this closely.
• More on the hypocrisy of Larry Fink’s BlackRock urging fund investors to increase their allocation to China while at the same time demanding corporations’ strict ESG compliance everywhere else.
• China’s Chairman Xi doesn’t seem to care about crushing the value of many significant Chinese companies. Investors need to beware. 
• It seems that America’s “enemy within” is becoming more dangerous than our “enemy without” foreign adversaries.
• It’s time to stop calling the enemies of freedom “progressives.” We need to call them what they are: Marxists. And our defense and corporate establishment must stop making common cause with them.

Bill talks with Frank about:

• Why individual investors should not be investing in China. Your odds may be better in Vegas.
• What’s behind the China’s Communist Party’s crackdown on a growing number of its Chinese businesses, the latest being the private tutoring providers. 
• American headquartered investment managers like Blackrock and State Street see China as their biggest growth market and are setting up shop in Shanghai’s New Market, abetting the CCP’s move to supplant Hong Kong.
• The hypocrisy of ESG investors like Blackrock doing business in China,  the largest emitter of carbon dioxide gas in the world, almost twice as much as the U.S. (10.1 billion vs 5.4 billion metric tons of carbon dioxide emissions in 2018)
• And is so-called ESG investing really anything new.