Folks, the Build Back Better western alliance are fully vested in the pretending game. It is just one big insufferable game of pretending, and the citizens of the western government powers, You and Me, are the victims.
Seriously, it’s stunning, yet oddly not surprising, that the same multinational forces who created the global inflation crisis as a result of following the World Economic Forum spending agenda, are now claiming the global economy is simply too hot, too successful, there is just too much demand, and that justifies their raising of interest rates:
OTTAWA, July 13 (Reuters)– The Bank of Canada surprised on Wednesday with a full-percentage-point increase to its policy rate, a super-sized hike last seen in 1998, citing “higher and more persistent” inflation and the increased risk of those price gains becoming entrenched.
The central bank, in a regular rate decision, raised its policy rate to 2.5% from 1.5%, and said more hikes would be needed. The move was more forceful than the 75-basis point increase economists and money markets had forecast.
….”With the economy clearly in excess demand, inflation high and broadening, and more businesses and consumers expecting high inflation to persist for longer, the Governing Council decided to front-load the path to higher interest rates,” the bank said. [LINK]
This is the actual justification from the Bank of Canada.
Read it carefully: “With the economy clearly in excess demand.”
Yes folks, I have always said that in order to retain their ideological positions, the leftists in control of policy have to pretend not to know things. That right there is the Bank of Canada pretending not to know the Canadian economy is contracting. Exactly the same as Treasury Secretary Yellen and Fed Chairman Powell pretending not to know the U.S. economy is contracting.
Do you see what happened, and what they are doing?
The Build Back Better energy policy of the collective western governments’ is driving supply side inflation. It’s the new climate change energy policy, all being implemented by the same institutional elements, that is creating the massive increases in overall prices.
It’s the energy policy driving inflation, NOT consumer DEMAND.
The western multinationals, government and multinational/central banks, all carry the same ideological mindset. All of them are collectively supporting the Build Back Better agenda from execution of infrastructure shifts to their direct control over ESG investment in only “sustainable energy” projects.
The fascist assembly of western government and western banks working together to create this great international game of pretending. All of it so they do not have to admit their ideological climate agenda is destroying economies. Thus, to keep up the pretense, they raise interest rates into a contracting economy. This is why I keep saying the pretense is what’s going to end up starving people, creating desperation and ultimately killing people.
Energy demand is no different today than it was pre-pandemic 2018 and 2019. It’s the energy supply, and all of the downstream industrial energy processes that are being blocked, that has created the supply-side issue.
The post-pandemic Build Back Better agenda has shifted the entire energy sector and created all of these inflationary outcomes.
The World Economic Forum, the Bank of Canada, central banks in Europe and Secretary Janet Yellen and Chairman Jerome Powell are all pretending not to know these issues are outcomes of energy policy. The collective western nations all took the same path. All of the outcomes are identical, and now all of their denials and pretenses are being maintained in a collective justification filled with bullshit.
I believe that banking institutions are more dangerous to our liberties than standing armies.
Smart man. The second-best president to George Washington was Andrew Jackson. I pray for an Andrew Jackson to arrive.
6uild 6ack 6etter
Nothing is Built
Nothing is Back
Nothing is Better
We need a purge!
I thought that was what was happening?
People are finally waking up to this, although slowly. Bank of Canada, Bank of England, FED, it is all the same people!
Until you know who has lent what to whom, you know nothing whatever of politics, you know nothing whatever of history, you know nothing of international wrangles.
Ezra Pound
They are NOT waking up.
Build Back Bolshevik
All the rules, standards, common knowledge, and definitions were changed for the CCP-Virus pseudo-pandemic and the experimental mRNA pseudo-vaccines. Why should we expect the globalist psychopaths to do any differently with economics?
ABSOLUTELY CORRECT!
It’s all B.S.!
Now… if we could figure out a way to convert these huge piles of sh*t into gasoline and diesel we’d be billionaires.
Well, methane.
Ain’t as good, but it burns.
Amen, it’s so obvious at this point.
Raise the prices of consumables, destroy capital.
In my mind Germany is the canary in the mine shaft.
What happens there is what we in America can expect absent an honest election.
Still there is no excuse for everyone reading this getting prepared.
The way to crush the bourgeoisie *Middle Class* is to grind them between the millstones of taxation and inflation.
Vladimir Lenin
“Build Better Bullsh*t”. TFIFY
We just need more Pixy dust…
the demand assertion is a pile of caca, but interest rates do need to go up to sensible levels and remain stable at those levels.
The Fed has kept US interest rates artificially low for nearly a decade and a half, with only a few years of closer to normal rates. US corporations and US consumers have become drunk on free money. It’s time to pay-up.
It won’t be long before the US Corporate world starts lining-up for more free handouts from congress. We don’t have anything close to capitalism in America today. It’s pure economic fascism, not controlled by congress or the white house, but controlled by the administrative deep-state and the globalist Fed.
Until Republicans start calling this out, they will be cowards and liars in my view. They know this is the case. They helped create the system.
ONly if you want to create a depression. You’ll lock up the housing market (even though we have 3 million/year demand from invaders). You’ll increase the interest load on the government debt. Even at these rates, oil prices are trending downward… in another month of this, all the open jobs will start disappearing. It will happen almost overnight. One company will cut back then another and then the herd… And it’s liquidity crunch big time.
No one is buying anything….
Yet, demand is higher?
I live on the South Carolina coast near the border with Georgia. For most of the last 8 years, the container ships would line up at night waiting to enter the Savannah port, many nights double digits of ships waiting. This summer, no ships waiting to enter the port. While an expansion was completed a few years ago and might account for some faster unloading, it would still seem demand for goods being shipped in has already peaked. As many here think and prepare, darker days ahead if I’d be made to guess.
I think the sad part is when you look at the cumulative inflation rate over the past several decades nothings changed since 1970.
We have short term peaks and valleys but from 1970 onward we’ve been in an absolute nonstop hockey stick like climb. It’s never once dipped downwards.
The only reason most are noticing it at all is because of the sudden hyper focus in fuel.
Today is like yesterday and tomorrow will be the same. Nothing will change this until we get off our fat lazy arses and just do it.
Canada’s Bank of Canada rate between 2007-2022.
That’s a lie if you consider us serfs to be the economy
…but not if you consider the spending of Dear Leader Sewage Lagoon’s government.
The Great Reset prescribes a Build Back Better period, but omits the Greatest Depression that will destroy all aspects of civilization. The last Great Depression lasted from 1929 to approximately 1945. Can you imagine the deaths and misery during a similar period of 16 years of world leadership now in power? I took an oath years ago; and still feel obligated.
The excess demand is people trying to borrow enough to feed their families.
Yeah.
Groceries.
Think that President Trump is our second coming of Andy Jackson.
It’s not excess demand, it’s lack of supply. And behind it all, the printing of worthless money.
A webinar I am attending for which is the confirmation email I think is relevant.
The Financial Times and SS&C Intralinks are delighted to be hosting a free digital dialogues webinar.
In this major new partnership, the first event in the series on 26 July will see policy, business and finance leaders from North America & Europe gather to discuss inflation, rising interest rates and how ESG will define M&A strategy and decision making. In a time of uncertainty for sellers, with tech stocks plummeting, is it the best time for tech deals?
Join us to hear from dealmakers in Europe and North America as they discuss the outlook for the M&A industry and analyse the challenges that dealmakers face in this ever-changing climate
As the weak ones fold and go bankrupt… yep.