FULL Analysis Below Video:
Allianz Group chief economic advisor, Mohamed El-Erian, is one of the few financial pundits who understood President Trump’s purposeful economic agenda inside the America First policy {Go Deep and Go Deep}. However, El-Erian also has to maintain his Wall Street credibility and, like most financial pundits, has to pretend not to know things when the emperor’s new clothes -Biden economics- are being discussed.
El-Erian uses the lingo of the club as he walks carefully in the shadow of his Wall Street allies, and he has to avoid the 800lb gorilla in the room and ignore there are other newly surfacing mechanisms available to the government in their approach to inflation. In this interview El-Erian does emphasize that inflation is not transitory, it is only going to get worse as long as the Federal Reserve keeps printing money to keep up with the massive and ongoing Democrat spending programs.
When El-Erian says the Fed needs to take their foot off the accelerator, he’s talking about how the Fed policy right now is purchasing debt (Quantative Easing) and printing money to keep up with legislative spending programs. He knows the Biden administration will not stop this approach, they are committed to the Build Back Better program, and as a consequence El-Erian knows inflation will continue in direct proportion to that ‘demand side‘ activity. But he cannot call it out directly – he can only say inflation will continue.
All of the Wall Street pundits know the Fed cannot hit the brakes (raise interest rates and stop purchasing debt) or else this entire manipulated economy (even on a global scale) will collapse; as El-Erian says “plunge into a recession.” It is a tenuous house of cards the current Wall Street crew is betting to remain in place due to the ideological politics (Green New Deal, Build Back Better, etc ).
In my opinion, the executive suites of Wall Street also know the new COVID variant Omicron is an attempt by the global market manipulators to put an tenuous emergency brake on the demand side in an effort to slow inflation and get people to drop pitchforks.
None of the financial pundits will admit the true intent of the narrative behind the Omicron variant.
We can debate the origin and ideological intent of the COVID virus, vis-a-vis controlling populations via passports etc; however, it is clear at this point that COVID is being exploited as a new tool in the global economic control toolbox. If money -global economic control- was not the motive behind how SARS-CoV-2 is being used, we could not predict the timing, methods and approaches of government to each COVID narrative and evolving variant.
Globally, the various governments and central banks have been pumping out massive amounts of money; spending into oblivion and then buying back their own debt. Currencies around the world are being devalued and this is the root of inflation. The U.S. has spent and pumped more than most, because we benefit from our currency being attached to the global trade system.
Almost all global trade is made in dollars, so our currency is propped up globally. This artificially inflated value allows the U.S. congress to deficit spend like crazy, and the Fed to purchase the debt via bond sales.
This one-sided benefit is why OBL targeted the World Trade Center. This artificial system is also why Biden can claim the U.S. GDP is the only economy growing during the pandemic.
The U.S. dollar is essentially being subsidized by global markets. However, the downside to all of this dollar printing means our rate of inflation (currency devaluation) is higher than other nations. The world is experiencing inflation from their internal monetary policy, but our inflation is higher than average. As a consequence, the people in control of various governments need the tool of Omicron, but our government needs it more than average.
The elites inside the World Bank (WB), International Monetary Fund (IMF) and World Economic Forum (WEF) are using Omicron as a short term tool to control inflation by trying to use it to control demand. The politicians who receive their instructions from the entities in control of these institutions are all following the program.
It is more important for our government to use Omicron than all other governments because we are the spending center. That is why we are seeing a much bigger emphasis upon it by our government; and that is why the descending levels of variant emphasis all fall in line depending on how closely they are aligned as allies.
♦ When it comes to COVID panic – Canada, the U.K. and Australia are globally akin to New York, New Jersey and California domestically.
♦ What Florida is to COVID panic inside the U.S. – Japan and India are to COVID panic globally.
Panic responses from spending allies are being emphasized. Non-panic responses from lesser spending friends are being ignored.
That is exactly what we are seeing. The vaccines are a shiny thing.
On a geopolitical level – China, Iran and Russia (adversaries on an ideological level) know what is happening, and to the extent they can drive inflation even higher, they will because they know these massive increases in costs hurt the U.S. disproportionately. This is why OPEC is giving Biden the middle finger on his ‘request’ to increase oil production, and that is why China is now triggering shipping quarantines.
Hope that makes sense.
It does and it is great info, Sundance! Thank you.
Excellent analysis…El is very sharp but SD nails it…
Once interest rates hit bottom, further growth comes from deficit spending. But as Greece found out, going in reverse did not work too well and for every dollar cut in government spending resulted in $2 loss in GDP.
Which is why deficit spending keeps doubling with each administration. Don’t look for change anytime soon.
Just another plank in the platform of BHO’s third term: Kick the Can. Destruction and Collapse to follow.
What blows my mind is 180 million workers are the ATM of the world funneled through Congress Cabal.
I hope readers here understand what you just said.
We are the ATM.
Those withdrawing from us are. the present Admin and Congress and Senate.
Mitch McConnell, Lindsey Graham and others are inserting their cards to withdraw from us too.
Adding to your point, they are using our money to imprison us with Covid restrictions. We are paying our jailers to keep us locked up.
There has never been a truer statement.
You exposed the one little flaw in their plan. They really don’t care about inflation because it only draws down the ATM’s. Which is good in their eyes. This a smoke screen to make the great reset easier to do. The only way this party stops is if they have to raise real interest rates. That will only happen when the ATM’s demand higher wages. Then the bond market (Blackstone, Vanguard etc.) will demand higher interest rates and the party’s over. We’re not talking recession here we’re talking depression. Are the ATM’s ready for this?
IMO, THAT HANGING IS LONG OVERDUE. OUR FREEDOM IS SITTING ON THE EDGE OF THE CLIFF!
In one sentence you captured its entirety!! Thank you Sundance and you too Mike..
yes, but the idiots in DC spend every dime we send them or 40% or all of spending. The other 60% is printed out of thin air.
Can I make a prediction for next year? If the GOP can overcome the fix with mail in and Dominion votes and take back the house and senate, the Fed will stop printing money and raise interest rates and bring on a massive depression and it will all be touted as being the GOP’s fault. And all the sheep that follow the MSM will believe it and vote Democrats back in in 2024.
This is exactly what happened to Reagan. That ended poorly for the Democrats.
Any attempt to fix this artificial economy, which will naturally result in recession, will be blamed on everyone but those who are currently bankrupting the US. Since a great deal of the policies that created this mess came from EOs, why aren’t there massive lawsuits challenging these damaging policies by those segments most negatively impacted? Unless of course Big Energy is part of the farce.
Petro Dollars
Pardon my ignorance, but what is an “”EOs”
Executive orders
Yeah!,,,I knew that yesterday,,,but no today,,,,thanks
I think you nailed it. Now factor in that the Republicans are really democrats infiltrated into the GOP and now things become clear as to why they would take the fall- keep President Trump out of the Oval Office even if it destroys whats left of our standard of living. MRE’s tossed from the back of U.N. trucks. Its whats for dinner,and lunch and breakfast. No vax? NO FOOD FOR YOU!
No food is the very definition of a war crime. And we are in a war.
You’re right Betsy! I would add the current crop of world “leadership” contains several psychopaths that would have no hesitation to commit crimes against humanity and even worse; perhaps already have in the case of biological warfare. I strongly suggest a quick historical review of dictatorial atrocities, then do very serious planning for YOUR food security for the next year. Driving weekly to your favorite grocery store and spending generously is a very fragile treat.
The day after the 2016 election Janet Yellen was on TV screaming in rage that she was going to raise interest and destroy Trump’s economic plan. That video has mysteriously disappeared.
There is no GOP only the UNIPARTY and those members are happy to tap us all out.
the GOP is on board with the deal.there is no need for the FED to stop.
He’s got it backwards.
Inflation is the consequence of printing money. The Reset is a global attempt to cover for the inevitable destructive effects of endless money printing.
The Reset is a global attempt to cover for the $21+ trillion that has exited the US which no longer funds local, state and federal pension programs and social programs like Medicare, SS and others. The money is gone. There isn’t even enough money to pay out investment assets from Wall Street. Ergo, the Reset to digital currency accounts controlled by the central bank (Fed) and their eventual attempts to forfeit your assets.
You will own nothing and be happy.
If there are any students of Biblical Prophecy here, please correct my thinking. Hasn’t it appeared since the late 70s, (Hal Linsey’s, The Late Great Planet Earth) that for a one world government to form, from which rises the anti-christ, that the US and the majority of the rest of the world would have to suffer a massive economic collapse? Seems eye opening to me that with the amount of outright evil so plainly evident in the US right now, and the disastrous overspending by an out of control congress, the printing of dollars, and this false, fraud administration doing everything possible to destroy America, that we and the world are headed for just such an economic collapse. Also, seems not to be a huge leap to envision a mark required to buy or sell exactly as described in Revelations 13:16, when compared to what some places are doing with the bs vax passports. I’m not saying a Vax passport is the mark of the beast, only that it’s much easier to see the reality of such a thing related to Biblical Prophecy.
It will be interesting to watch this play out because it appears to me the American people are done with covid.
When kicking the can down the road, skidding on wet ice, and you come to a sign that says,
“Stop, don’t go past this point”,
you know you’re in trouble.
Especially when you only see the sign, in your rearview mirror!
“ On a geopolitical level, China, Iran and Russia (adversaries on an ideological level) know what is happening and to the extent they can drive inflation even higher they will because they know these massive increases in costs hurt the U.S. disproportionately.”
The trade deficit with China finances the US Treasury bill/bond market. To the extent that inflation increases, the Chinese will get cheated on their bond holdings.
Why would they continue to sell us manufactured goods in exchange for dollars? Some day they will sell off their bond holdings and the free ride for us will end.
Who would they sell them to ?
Don’t agree with this. The US Treasury bill/bond market is controlled by the Fed, which buys debt by creating bank reserves on its books. The current balance sheet shows the Fed holds $5.5 trillion in treasuries and another $2.6 trillion in mortgage-backed securities. That’s up $1.5 trillion year over year. China holds about $1.0 trillion of US govt debt. All foreigners have net added about $200 billion in US debt in the past year.
The IMF as of December 31, 2017, had quotas of all member nations that amounted to ‘only’ (SDR) 475 billion dollars(“Special Drawing Right”). The IMF was the only world lender that didn’t have trillions of dollars of liability on it’s balance sheet. So it was agreed to by Yellen and the world bank they could increase their loans in SDR’s substantially. SDR’s are denominated in US dollars. So they have been able to suck all those excess dollars out of the US economy. Only when real US wages go up, keeping all that money in the US economy, will the real velocity of money start to skyrocket. This is when the bond market will demand increase interest rates. Then it’s game over.
And all the pain and misery and collapse is fine with left as long as we reach utopia.
They lie about struggling for utopia, it’s all about absolute power. They would rather rule over an ashen heap than not rule at all. I’m going to take my ball and go home type of childishness.
Ed Yardeni gives 4 to 1 odds that the FED under Powell might do a Paul Volcker to crush inflation. The Great Reset is just Communism and the destruction of a Free America. Biden and his crazy AOC led party want to destroy the American oil, gas and coal Industries.
Want to know what $200 barrel oil does to inflation even without energy as a CPI component? Guess what?
We all drive vehicles and they need gas or diesel
The rest of us drive electric vehicles and they need fossil fuels to make electricity
Rail, truck and ship all need oil – transportation of all goods.
Oil and gas are the basis for chemicals, plastics, some fertilizers and a million other things.
If inflation does not cool down, Powell will do more than stop buying debt. He will raise short rates way more than the market expects. indication now is rate go up beginning March to June 2022. That historically works with about 12 to 18 month lag so recession late 2023 or 2024 just in time for the election. Recessions run 2 quarters minimum.
Oh, the stock market will not like it and it is as overvalued as any in history and that is before we get to 5.500 to 6,000 on the S&P 500 and we are at 4.500 or so now.
Would not want to be a Democrat in November 2024. Cheating at the margin won’t help in 2024. Not in a recession and crashing stock market.
t
I was listening to the X22 report and he had someone on there who said that fertilizer has gone up 10 times the cost. Let’s say it cost $100 for a ton, now it is $1,000. He said this keeps up and there will be severe food shortages world wide.
A farmer with a fairly large operation in Eastern/Central Kentucky has already told one of my family members that fertilizer costs are close to making him go under and make it not worthwhile to continue his operation……….and they are still climbing.
Food for thought about democrat policies and their effects on food for stomachs.
There will, not may, WILL come a time when placing the blame on others for their policies comes back to bite the democrats………because it will be harming everyone. And everyone will see it, regardless of how far the media will go to lie about it on behalf of democrats.
Same in the UK and Europe. Notice Bill Gates buying up farm land here, which when other farmers go under he will continue to do. Fertilizer is on no one’s radar in a general knowledge sense. It’s a necessary but unglamorous product.
But it is the legs of the industry that sustains us all. This is what globalist have been doing. Knocking those legs out from under the very existential economic production we all must have.
They are dirty, depraved, vicious, and quite serious about inflicting another Holodomor.
And just so we know what we are dealing with, on HEALTH IMPACT NEWS, GATES and Adar Poonawalla, CEO of Serum Institute of India, reportedly the largest vaccine maker in the world (and one I’ve never heard of) which produces Covishield and also 50% of the world’s vaccines which are injected into babies, have had murder charges brought against them in India’s High Court.
Will they go anywhere? Depends on how bought the judges can be. But it’s a start.
Survival of Civilization. Rock Dust.
https://soilandhealth.org/wp-content/uploads/01aglibrary/010146tsoc.pdf
Hungry folks bite hard.
It’s nothing like hunger to get a person’s attention.
Not quite, but $350/ton NH3 is now $1400 year over year, phosphate and potash have both slightly more than doubled. European nitrogen production has been severely curtailed due to NG shortages, domestically plants are cut back or suffered hurricane damage and are not fully online. China and Russia have both suspended fertilizer exports, and this is after the fertilizer companies, who may I add making record profits, successfully lobbied anti dumping tariffs on Russian nitrogen and phosphate. The other gorilla in the room is chemical inputs are short and also through the roof anywhere from double to quadrupled in price. Approximately 75% of the chemicals used are manufactured in China, and we cannot get either the finished chemical nor the active and inert ingredients to formulate it here in the USA. Even veterinary drugs for livestock are in short supply or nonexistent, even common drugs. That is just to raise critters and grow crops, ain’t even getting into parts and lube and oil shortages. Next year is going to be an interesting year for agriculture, there are lots of us deeply concerned right now about just how we are going to make a crop.
All the chicken litter is sold out here in KS as well.
Same here in the southeast. I’m hearing $50/ton plus trucking for chicken litter and no guarantee if you can get it. Talked to one broker back in October who said he already had 50,000 tons spoken for then, if he could find enough. We’ve had problems just getting feed for our birds, heard of some broiler farms being out of feed for 48-72 hours or more. Mill has had late trains several times this fall and lost about half their drivers over the shot mandate (Tyson mill), what’s left are stretched thin.
Farming/ranching family here in SE Kansas. Fertilizer last year was $350/ton. Currently, it’s over $1200/ton and this is low demand season. It’s going to be a disaster this Spring. We 2% of Americans can grow enough food to feed ourselves and our livestock but the rest of the 98% of Americans are going to be in trouble. Please pray that this will be resolved by Spring.
My deepest sympathies and respect. Bio-Dynamics and Rock Dust.
The Survival of Civilization
https://archive.org/details/TheSurvivalOfCiivilization-JohnD.Hamaker
“We all drive vehicles ”
Indeed. They want to end that almost as much as they want the guns
All should take note that the inflation measures only began to soar after Jan 2021. The CPI was 1.41% for the month. Inflation is part policy and part spending. Under Trump govt expanded monty supply but inflation fell because he continued to remove regulations which are a cost to business and innovation. In addition, his government spending was focused on transfer payments to individuals once Dem operative forced economic shutdown. Individual spending habits seek the best value for dollars spent. Government spending for goods seeks less value and is more political payback for election support. Both govt policy and spending habits flipped 180 degrees Jan 2021.
Valid points. And in this is a reality democrats are loathe to accept:
“Individual spending habits seek the best value for dollars spent. Government spending for goods seeks less value and is more political payback for election support. Both govt policy and spending habits flipped 180 degrees Jan 2021.”
The democrats always believe that they in big government know better how to spend than individuals.
IMO their spending has NOTHING to do with “Demo☭rats know better how to spend”.
It’s STRICTLY “Demo☭rats multiplying irreversible dependency on their handouts”
… for votes to keep them flowing.
Here’s a video and I believe the ultimate goal. Its all about the so-called vaccine passports which are really just a ruse for allowing strict government intrusion into our lives. This is how they put a virtual clasp around the neck of every man woman and child. It’s the CCP system of social control on steroids. This is what Build Back Better is all about. This what the current purpose of the vaccines. Yes, the vaccines are dangerous but this is much worse. I agree with the narrator, if we submit there’s no going back. One must bear in mind that Dictators of the past never had access to this kind of technology. And TPTB are hellbent on implementing this.
https://rumble.com/vpfm4g-this-pivotal-moment-vaccine-passports.-17-minutes.html
Sundance already posted this. I’m glad you did for further spreading abroad.
VERY EFFECTIVE INFORMATIVE VIDEO.
💪👍💪👍👍👍💪
Never happen in TX or Florida.
In Green Fraud, Marc Morano discusses just how all this was pre=planned. Climate-change activists for years now have been talking about manipulating national economies, deliberately inducing “planned” recessions as a way of reducing consumption. Also you’ll get a thorough discussion if you watch Tucker Carlson’s interview with Bobby Kennedy Jr. who talks about how Fauci has used covid as an excuse to impose anti-freedom government manipulations on our society. Biden talking heads may act like this is all accidental but it most definitely is not. Progressives are perfectly OK with turning America into a police-state if it will help them reach their goals.
Not only are they OK with a police state, they love the thought of it. Remember Obama wanted a civilian agency at least as well armed and trained as the military – in essence his own personal military. His civilian agencies also purchased more ammunition back in 2012-2015 timeframe than the military had used collectively in Iraq and Afghanistan combined (literally billions of rounds.) Guaranteed that ammo is still in storage somewhere just waiting to be broken out and used to enforce their agenda.
There are more rounds in the hands of citizens than MaObama could fathom in a cocaine induced fever dream.
Watermelon laws. There is nothing genuine in the “Environmental movement”.
The Federal Reserve cannot tighten or raise interest rates because it is a department of the Democrat Party like the FBI, DOJ, CIA, FDA, CDC and OSHA. Raising interest rates after Goldman Sachs, Blackrock and The Federal Reserve spent a billion dollars to steal the election would destroy Biden and the Democrats.
Don’t forget the IRS!
There is one part of the “all the spending by the US Congress”, that is ignored in all the conversation.
Congress authorizes while the Executive Branch Spends and/or Obligates.
Congress has approved or authorized nearly $10+ Trillion in new “Reconciliation” spending since 20 January 2021.
Sock Puppet Joe’s pen and cell phone has OBLIGATED or SPENT only about $5.5 to 6 Trillion. Some of that “obligated” money was actually part of the $5.5 Trillion Omnibus Bills passed for FY2021. Even the new debt limit will not cover the remaining balance of the new authorized nor comprehends any of the $10 Trillion FY2022 Budget PROPOSAL waiting in the wings to be debated (you know the reason the CR had to be approved).
The Uni-Party has a minor problem…their own congressional rules and the Law. Technically, a CR FREEZES everything related spending at FY2021 levels per approved FY2021 Spending Bills. Technically, the recent $3.75 Trillion Infrastructure & SJW Bills are illegal, having been approved AFTER the CR was passed. Only the “reconciliation” spending bills authorized before the CR can be LEGALLY activated and even those bills violate congressional rules and law as there was NO RECONCILIATION within the approved FY2021 Omnibus Bills to accommodate them.
“Reconciliation” requires either reducing spending on an already approved FY2021 budget line or raising taxes to cover the expense.
With respect to this topic: The democrats and GOPe, Uni-Party, are so far over their skies that a single “honest” Federal Judge could crash the entire house of cards if the Republicans sued. An “honest” news media could cause all sorts of poltical harm among the la la land dwellers.
“a single “honest” judge”……..”if the Republicans sued”………….”An “honest” news media”……
If there is an honest judge they will work the system to get anything they need to a judge who is one of them.
Republicans won’t bring about a meaningful lawsuit, and if they did, we are back to the system manipulation the democrats so successfully do.
An “honest” news media will never be permitted to thrive with democrats in control, they will find a way to thwart that. It is a matter of self preservation for them to do so.
You are being utterly logical. But the democrats flat out do not care. Example of this is the blatant disregard of border laws. They want what they want and there are few that stand in their way.
And they know it.
“RULES?!!,…LAWS?!! WE don’t heed no stinkin RULES or LAWS!”
The Uniparty
Good post, and I’m trying to learn from it, but what is CR?
Continuing Resolution
https://www.whitehouse.gov/wp-content/uploads/2021/09/CR_Package_9-7-21.pdf
Thank you very much!
Continuing Resolution
One world order
Yep, National Central Banks have to crash their currencies to facilitate the transition to a single Global Digital Currency.
Allianz is #15 in the world list of Financial Institutions, at about $1.5 Trillion.
The top 4 are owned by China Inc., who also have substantial controlling positions in Digital Currency Technologies that was established burning through their US Dollar holdings 2009-2018. These banks weigh in at $4+ Trillion.
The next group, #5-#10, are dominated by the BIG US banks, weighing in at about $3-2 Trillion.
Then there is the $1 Trillion Dollar Club.
War is Peace
Freedom is Slavery
Ignorance is Strength
Dig Hole Deeper is Build Back Better
Inflation causes you to pay more sales tax on certain goods and services, more tax on new or used cars. It drives up property values which increases property taxes and many more taxes that people are unaware of because they get passed on to consumers.
This could be why the Marxist/National Socialist/Fascist Elite want you to believe math is racist because if you can’t do the math you will never know you been cheated.
Indoctrinators in Education produce idiots some say useful idiots, true Educators produce critical thinkers who can innovate and create inventions to make life better for everyone .
Hard work and honesty and earning your keep go a long way to making a better world.
Inflation has always been held by the socialists as one of their most important tools to be used in extracting more of the people’s resources and to hold the people from prospering. It’s a hiden, or silent tax with little legislation needed for implementation.
“Who controls the money, has the power”
Bill Still’s The Money Masters
https://thirdworldtraveler.com/Federal_Reserve/Federal_Reserve_page.html
https://plutocracycartel.net/
For a perfect example look at the “Energy Secretary”. A complete champagne socialist moron
https://climatechangedispatch.com/is-jennifer-granholm-even-qualified-to-be-our-energy-secretary/
You skipped an enormous component, the devaluation of savings. The devaluation of savings (including retirement investment of any sort) is essentially a tax on whatever you hold. Your purchasing power is reduced each and every day by the rate of inflation reducing your savings in terms of real purchasing power.
Catherine Austin Fitts, in her latest interview from the Netherlands agrees. When the federal govt needs to cool down inflation, they call up Fauci to institute lockdowns to slow down spending, reduce demand, to drive prices down including prices at the pump. That’s what the new variant is —- justification to the public to confine themselves to their homes under the guise of safety, when it is to protect the out of control inflation and govt spending and massive price increases.
But the Health Minister of South Africa says the variant isn’t a big deal. Whether the dissenting voices continue to grow, or whether they are paid or threatened to fall in line still hasn’t played out. My guess is they will be given no choice.
Next stop, Bartertown!
I’ll trade ya some nine’er for some fotay-fye or some fye-fye-six.
Ammo will be the only currency.
not trading only saving
How about instead of “Build Back Better” you just put things back the way you found them and then leave them alone?
It’s all part of their plan. Nobody, even biden, is THAT stupid. Well, maybe the fools who vote for them.
A good summary of the current situation.
Like a ponzi scam, or check “kiting” scam, like ANY scam, really sooner or later the house of cards WILL collapse, it must.
Its gravity. And just like any scam, the con artists are caught up in the trap, along with the “punters”; neither wants the ride to be over.
Hence, the pretending to not know things they, in fact know. Its that river in Egypt, DENIAL.
That, and the criminal mind, that thinks they “have gotten away with it THIS long, so why can’t we CONTINUE to get away with it?”
Prisons are full of people who found out “Why not”, just as there is never a shortage of dishwashers, in any casino town.
STRIVE, with everything you do, for SELF-SUFFICIENCY, cause when this house of cards falls, a LOT of people are going to be crushed by the falling debris, and any who rely on Civilisations Just In Time supply chains for the necessities of life, are going to be screwed.
Part of the con man code-If you spot the scam you aren’t supposed to warn the mark. It’s grifters code. If Senator X is scamming and Senator Y spots it he ain’t supposed to tell because when Senator Y runs his own scam somebody may tell on him.
It really is part of the film flam man code. You can look it up. It explains an awful lot.
What fun it is to be manipulated like lab rats by a vast conglomerate of faceless globalist mobsters who use us to entertain their every whim.
Who doesn’t enjoy being yanked around like an organ grinder’s monkey?
Btw Fauci is saying that Ted Cruz needs to be investigated for Jan 6th stuff…and that Cruz is attacking The Science by attacking god-king Fauci.
I want off this ride.
Not getting the injections, is one way to stay off the carousel.
An interesting dynamic seems to be going on within the Democrat party.
On one hand, various radical elements seem to be hell bent to tear things down or to create crisis after crisis that they can then exploit to their advantage.
On the other hand, a both delicate and dangerous balancing act deems to be at play mainly by Wall Street types and the moneyed donor class as they try to maintain sort of a margin that will keep the system from total collapse resulting in unacceptable and irretrievable financial losses on their part, plus the loss of power and control.
If through their missteps, or for any reason for that matter, the US Dollar ceases to be the world’s reserve currency, all bets are off… for many of the rich, but mostly for all of the rest of America. Runaway inflation and a painful world realignment would then not be a surprise to me.
If, some say when, the US$ ceases to be or reduces as the Reserve Currency then huge quantities of $ will no longer be needed outside the US and will come flooding home. That is where the runaway inflation will come from.
My suggestion to treepers is to not only buy supplies, but have cash and convert your fiat currency somewhere else.
He is right when he says it will plunge the economy into a recession. A recession is the process of wringing out all the mal-investment caused by government spending. It’s equivalent to a druggie going cold -turkey. The withdrawal sucks, but it’s needed to regain health and end addiction. The global economy is addicted to government spending.
My 99yo friend is saying it will actually be another depression. And he says, china will own us (U.S.) within five yrs.
They already own us. Before the criminal treasonous Clinton admin was in power, the Liberal-democrat Chinese military missiles could not hit a barn door. …………………………………..
I’ve been saying for over a year China owns Joe who is now the resident of 1600 Pennsylvania Ave. Hence, China already owns the USA. The coming depression is inevitable for those of us still alive that is……
How much of the main street economy remains uncoupled from wall street? Or did Biden wreck all that? Does Wall street stand to lose more than main street?
True enough but, the analysis appears to assume a political motivation to mitigate against an angry public that might vote them out of office for being so stupid and causing so much misery. Or rather, that they wish to use the scare tactic of omicron to help reduce inflation through reduced demand for rational economic/political reasons. I would argue these are not rational politicians trying to save their political skins in a free election. More likely they are craven ideologues committed to the utter destruction and transformation of this country through economic collapse and they want inflation as high as possible. They only need cover enough to accomplish it. Someone or something to blame the increasing misery upon and deflect it from themselves long enough to achieve their objective. The easiest thing in the world to do is convince idiots that money grows on trees and can be printed to solve all their problems, the people voting themselves largess from the public treasury phenomenon common to democratic type governments. The hard thing is convincing or scaring or brow beating the smart people into submission and they are bringing every weapon to bear against us. Democratic party governance has always been based on the former and now they wish to conquer the rest they cannot deceive. If the article I read recently about Michelle being brought into the oval office through replacing Kamala and then having Joe resign for health reasons is seriously being tried, it might well be part of an overall plan to once again steal the, sure to lose if fair, midterms and essentially keep the people quarantined while all this takes place.
We might be in for another year like 20 with more rioting over false narratives and the like and anything else they can do considering the stakes. They are past being able to win fair elections and they know it I am afraid.
6uild 6ack 6etter
I refer to Omicron as the “zero micron” because I consider it non-existant.
Microns are a unit of measure for things very very small (i.e. virus).
So, the capital O to me is really a zero. Hence, I call it the zero micron.
Fits way better in calling out their narrative.
Now they’re just being insulting!!!
Omicron = Moronic
Omicron Variant Causes Unusual but Mild Symptoms: South African Medical Association Head ~ 11/28/21 ~ https://www.theepochtimes.com/mkt_breakingnews/omicron-variant-causes-unusual-but-mild-symptoms-south-african-medical-association-head_4127014.html
Allot of non-western peoples in positions of power now.
Colkitto: That started with our first non-American president, you-know-who.
It’s a pattern of the Bolshevicks. They stay behind the curtain and use their winged monkeys as pointpuppets.
Well good thing that you didn’t say “Flying Monkey’s”, because that entire ‘thing’ is now “verboten!” based on the ukase of the Imperial Ministry.
‘Puzzling’ Surge In Heart Disease Among Soccer Players Is A ‘Coincidence,’ Media Reports
https://www.informationliberation.com/?id=62712
Especially after the BOOSTER JAB. Nothing here to see. Just Saying 🤔🤔
Remember since most conspiracy theories have been proven true, we have to get newer ones. We are running out of them.🤗
Now, when all the riches of those who are responsible for the current mess,
when the fortunes of those who planned this,
if all that money and all their properties were confiscated by the people..?
Gates, Soros, Rockefeller, Rothschild, Blackrock , Vanguard, would get what they deserve and it could also save the economy.
I firmly believe that The USA HAS TO LEAD ATHE WORLD OUT OF THIS DEPRESSION! That is to exactly say president Trunmp has to shut up the rest of the Has Beens!!!!!!!!!
The Fed is on a train they cannot stop. As long as the government led by the Dems continue to spend more money than the government has, it creates more and more debt. Under quantitative easing, the Fed buys up the longer term treasury bills now currently paying 1.168% for 5 years, 1.482% for 10 years, and 1.883 for 20 years and artificially keeps the rates so low. If the Fed pulls back on the QA, who is going to by the debt at these rates when inflation is officially running at 6.2% (even though we all knew it is actually higher) and will continue to get worse? They would have to raise the rates substantially to attract buyers, but the government could not afford to pay back the debt at higher rates. So the Fed continues to buy the debt, print new money, and pay it back with inflated dollars.
There is no good ending to this – stagflation, hyperinflation, severe recession. Take your pick. It would take a new administration and new congress taking a big dose fiscal responsibility and common sense several years to eventually fix this mess.
Build Back Bankrupt
That’s Gold!
Build Back Biden.
The money side of the NWO masterplan is but a large peice of the puzzle, this will bring famine that will kill millions, the survival insticincs of human beings will then kick in killing more millions, then war over mainly the resources that havn’t previously been destroyed will kill millions more, these are the major points there are many blanks in between .
Why you might ask, well simply put they are practicing eugenicists who believe that genocide is the natural way that they as self proclaimed demi-gods will rule the planet forever and a day .
Proclaiming themselves as masters of the universe by erasing all history and culture this goal can be achieved in only a few generations, what I say abovementioned is what they really mean when the use the phase “The great reset ” all else leads to this objective. Take any aspect of their masterplan and break it down , immigration or forced invasion for example, ‘one world’ they say , well they know that the white Christian racers are the thinkers and inventors what better way to eliminate this threat than to interbreed the different races and cultures creating a mixed bag of brown serfs easily led. One world religion ! Ye right! They will probably inject into the masses that they are gods from another universe or some such shit, and by that stage who would be left to doubt them?
All is not what it seems, this enemy is the most cunning and deceitfull in mans entire history , we have but a small window of opportunity to defeat them and we must take it or it’s all over red rover.
Fourty yrs I’ve been watching them , look for the manufactured illusion created on the front curtain.
P.S. when I was a little boy a veteran relative of mine was explaining the different parts of an army , tanks, planes ,guns, ect,ect, young mungrel wanted to win so I kept asking who is the most important , the general, the soldiers, the tanks ,ect,ect, he let me go on and on until I didn’t have an answer then shook his head smiling with young mungrel waiting in full anticipation and stated ,
” The Cook” .
God bless Patriots.
Look back and note the smart and strong. Most likely they will adapt and stay on top. However, when the weak and dumb get nukes, all bets are off.
The real reason the Saudis are refusing Joe Biden’s beggings to ramp up oil production
“The Saudis, who are known as the ‘anchor producer’ in the oil world, have cut back on production in order to raise or keep the price of oil higher. They need high prices because they know that prices are going to go down. How would they go down? If Joe Biden rams through his Iran deal with the mullahs and lifts sanctions on Iran. Iran’s got a lot of oil it can sell in the world markets and all that new oil means the global price of oil goes down. More oil, cheaper prices.
The Saudis are actually banking on that happening, despite the fact that Iran’s mullahs are slow-walking the deal because they really, really like having a nuclear bomb which they see as key to maintaining their grip on power in Iran. Given a choice between killing off their mortal enemy — the Saudis — by signing a deal with eager-for-a-deal Joe Biden, or maintaining their grip internally, the mullahs have chosen the latter, which tells you a lot about what’s going on in Iran.
But the Saudis think it will happen at some point, maybe soon, maybe later, they aren’t taking chances.
In short, it’s Joe Biden’s eagerness for a nuclear deal with Iran that is driving the Saudis to keep production low, energy scarce, and prices high. Biden of course, won’t drop that course of action. But so long as he continues on that idiot path, and shuts down American production to boot, what can he expect? High oil prices worldwide are all his doing.”
When
BidenComrade O sits down to negotiate with Iran, there is only one party at the table. He would send them a pallet of our nukes if he thought he could get away with it.Always have trouble with this theory but doesn’t he have it backwards?
Isn’t demand economics Keynsian, so in fact this big government investment in new deal jobs is demand side, that is, fueled by government?
And, cheap money by the Fed stimulates businesses to invest more in operations so isn’t that supply side economics?
Either way, the people behind the UN have used that body and the media to scream governments around the world into huge Keynsian spending during the past 30 plus years, when in fact our technological advances allowed business to boom to great heights. They should have been shrinking government sizes and expenditure and running surpluses this past 30 years.
They actually unleashed both tools at once. Keynsian and Monetary/Fiscal are supposed to compliment each other, no? Hedge fund managers and media owners certainly did well out of this. Imagine a world where their billions can only buy a loaf of bread.
Mad Max, beyond Thunder Dome.? IDK anything about movies and just kind of remember Mad Max.
I mean, how do you KNOW this stuff??! You are amazing Sundance and I love your analyses!
If memory serves, the debt ceiling is only good till Dec 3rd or there about. Cue the government shutdown kabuki theater.
How will the “man-caused” climate change “crisis” BS affect all this? Cuz Allianz is right up there in the new alliance formed specifically to “tackle the crisis” via ESG scores and no doubt carbon credits – GFANZ, Glasgow Financial Alliance for Net Zero.
Build Back Bitter…
Another consideration is that the US does not circulate any US currency larger than the $100 note. When this law was implemented how much did $100 purchase? In 1969 you could fill up on $0.34/gallon gasoline, you could purchase chuck roast at $0.58/pound and you could have a meal at McDonalds for less than a buck. Those are all on the order of anecdotal comparisons but the point is that as a function of privacy or freedom from government control the utility of cash is being eroded at an accelerated pace. Massive inflation can quickly reduce the largest currency to a valuation that will nearly eliminate any utility as a means of commerce, thereby forcing all transactions to go through the government clutches in some form or another.
Just finished reading fascinating discussion thread here re. the huge increase in fertilizer prices and growing shortages due to the high cost (or total lack of) critical chemical feedstocks (like nat. gas). Many of you correctly assume the obvious outcome: farmers going out of business, food shortages, no feed for chickens or cattle, empty store shelves, etc. I see this differently, it may not be that bad. Here’s why:
Consider these questions:
1) If my NH3 costs go up by a factor of 10, what would happen if I used only 1/10th as much? Yeah, yields go into the toilet, but by how much? It seems to me severe shortages will crank up prices big time due to huge demand. Would the $15 per bushel of corn offset the lower yields?
2) As a farmer / business manager (which I’m not), I’d be looking for technological solutions, especially when it comes to how I apply my valuable NH3 in the field. The most common method around here is basic broadcasting, i.e., spraying / spreading the stuff across the surface of the entire field; it’s quick, easy and relatively low tech. But it’s also wasteful. A better method is called soil injection, where fertilizer is injected into the soil at the root zone. Both of these methods are performed prior to planting. But fertilizer can be applied while planting using a technique called banding, where much smaller amounts of product are injected only into the crop row next to the seeds. What if I modified my banding applicator to squirt just the right amount of juice for each seed planted? Wouldn’t that be a far more efficient use of NH3 compared to simple broadcasting?
3) I maintain we’re over fertilizing our fields to the point of absurdity with serious ecological side effects due to run-off! We’ve done it so long that a lot of farm land would be virtually non-productive without it; kinda like cocaine, once you’re hooked, you just want more to get that bigger high. What ever happened to crop rotation, planting nitrogen-fixing plants like clover or rye grass? I’ll tell you what happened, everyone turned to artificial fertilizers because NH3 per ton was cheap. And now it’s not!
4) OBTW: if other countries are propping up our debt, we’re filling their bellies with our excess grain production! We export nearly three billion bushels of corn to some 73 countries each year, of which, 31% goes to China. Yup, we help fill the bellies of those busy little bees working in the Wuhan labs creating bioweapon WMDs with about a billion bushels of corn every year. I’m thinking: the next time China violates Taiwan airspace, we reduce our corn exports by, say, 100 million bushels. And NO, Brazil and Argentina (next largest corn exporters) will not be able to make up for the loss.
5) Then there’s ethanol! We produce around +15 billion bushels of corn per year (old 2016 stats), about 1/3 of that goes into ethanol production; a chemical that would literally eat up your car engine without all kinds of expensive modifications. Thats’s why agribusinesses plant wall-to-wall corn every year along with billions of tons of NH3 to artificially pump up yields. We’re putting 5 billion bushels a year of a vital food feedstock into our gas tanks! You see the problem here? The website below contains a calculation of how much corn ethanol is required to fuel a Toyota Camry: it takes about 1/2 acre of corn to drive from New York to L.A., and that’s for a car getting +30 mpg. Oh, and don’t get me started on the billions of gallons of ground water and giga-watts of power required to make the bloody stuff!
https://auto.howstuffworks.com/fuel-efficiency/alternative-fuels/question707.htm
So here’s the bottom line: if I didn’t dump tons of NH3 on my fields next spring (what they call pre-plant fertilizing), what would be the resulting loss in yield? I bet it wouldn’t get even close to 50% the first year, but definitely would get that low by the second or third planting without a nitrogen-fixing cover crop.
I maintain there’s so much agribusiness overproduction in this country, we could easily handle a 30% loss in crop yield and still make up for it in higher pricing. Farmers who don’t adjust and adapt are going to get burned, and many will. But y’all see the handwriting on the wall now, you see what’s coming down the road. Continuing to plant more to offset lower yields will not work — plant less, wean yourselves away from the cocaine artificial fertilizers and get back into more natural traditional land management practices. And it would really help your situation if you’d reduce or — shudder — actually pay off most of that +$500K of debt you took on to have the latest-greatest John Deere mega-quadratrack-tractor. Just sayin’.
Oh C’mon, Get that home equity loan to the max, buy some stocks on margin, and wait for the next bailout. Unfortunately the new American way. Glad my father is not around to see this mess. (Navy vet)
El-Erian has always impressed me with his understanding of policy decisions and international flows. Two comments by him in this video clip I thought were strange and also supports Sundance’s comment that he is playing the fence now. First was his comment that we are in this transition phase from fossil fuels (oil) to …. (he pauses) then he says to “something else”. I would like to know what this “something else” is, and I think he would like to know too but he cannot say it. There is no something else right now, and that’s the problem. This is Biden’s great policy: let’s throttle back domestic oil production in support of renewal energy development that is not there yet, and then let’s ask foreign countries (Saudi Arabia) to increase their production to fill the supply gap we created. Hmm, global production of oil does not change, but yet his administration says this is part of the path to a renewable energy economy.
Second, El-Erian says the Federal Reserve needs to start lightly taking its foot off the accelerator, and do not make the mistake of putting your foot on the brakes. He wants some soft landing. Somehow, we are to believe that the Federal Reserve has this fine-tuning control of the macro-economic variables impacting our economy. I believe they do not. Federal Reserve actions only paper over the cumulation of past bad policy decisions. The Federal Reserve has two tools to control interest rates: they can print money and they can buy assets from the private banking system (QE). After Trump made sound structural changes to our economy, the Fed announced they were going to stop buying assets and slow printing of currency. The markets reacted violently. I guess this is putting the brakes on. The Fed could announce they are going to reduce their balance sheet. This is stopping QE, and interest rates will rise. Even if they announced that within 12 months, they want a 5-10% reduction in their balance sheet (the equivalent of easing your foot off the accelerator), the markets would react badly as they are looking 6-18 months out. I would ask El-Erian what would be the specific policies that would equate to “easing your foot off the accelerator”.
cross posted at https://freedomaustralia.freeforums.net/thread/1692/inflation-great-reset
Time to go back to the gold and silver standards with redeemable currency issued by the US Treasury. Problem is how much gold is in Ft Knox. Probably not much.