The sanctions against Russia have essentially been futile. The Russian economy continues growing, oil sales continue taking place, imports and exports continue unabated, albeit with some inconveniences for the people inside Russia – but without impact on the Russian government. However, what the western sanctions against Russia were successful in speeding up, was an alternative global trading system for 70 percent of the world economies who continue trading with Russia.
That’s the background for Fed Chairman Jerome Powell to state yesterday, “rapid changes are taking place in the global monetary system that may affect the international role of the dollar.” Additionally, as the proverbial ‘west’ follows the corporate instructions from the World Economic Forum, Powell now expands his points to note the creation of a central bank digital currency (CBDC) is also being reviewed. WATCH:
https://youtu.be/BEyVVinT_4I
This is not some grand conspiracy, ‘out there‘ deep geopolitical possibility, or foreboding likelihood as an outcome of short-sighted western emotion. No, this is just a predictable outcome from western created events that pushed specific countries to a natural conclusion based on their best interests.
You can debate the motives of the western leaders who structured the sanctions against Russia, and whether they knew the outcome would happen as a consequence of their effort, but the outcome was never really in doubt. Personally, I believe this outcome is what the west intended. The people inside the World Economic Forum are not stupid – ideological, yes, but not stupid. They knew this would happen.
Think of “The Great Reset” or “Build Back Better” or climate change, as examples of WEF instructions.
The NATO and western government response to the Russian invasion of Ukraine, was a quickly assembled system of financial sanctions intended to cripple the Russian economy. However, Russia responded to those actions with countermoves on the trade front, beginning to establish the first ever non-Euro and non-dollar-based trade system. In essence, a financial trading system created by the BRICS group (Brazil, Russia, India, China and South Africa).
Therefore, if we think about the current status of geopolitics and international finance, the NATO/Western response now involves a priority of controlling and protecting the previously established financial structures of global trade. A NATO effort to avoid the cleaving is now underway as an outcome of the sanctions against Russia.
The finance ministers of the BRICS alliance (Brazil, Russia, India, China and South Africa) decided to create their own financial mechanisms to continue trade between nations of similar disposition. Once the internal issues inside the BRICS alliance are resolved, and once the mechanisms are created, then other nations will be able to decide to join or not. The great global cleaving will commence.
(Reuters – April 2022) – Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to extend the use of national currencies and integrate payment systems, the finance ministry said on Saturday.
[…] On Friday, Finance Minister Anton Siluanov told a ministerial meeting with BRICS, which consists of Brazil, Russia, India, China and South Africa, that the global economic situation had worsened substantially due to the sanctions, the ministry’s statement said.
The new sanctions also destroy the foundation of the existing international monetary and financial system based on the U.S. dollar, Siluanov said.
“This pushes us to the need to speed up work in the following areas: the use of national currencies for export-import operations, the integration of payment systems and cards, our own financial messaging system and the creation of an independent BRICS rating agency,” Siluanov said.
International payment cards Visa and MasterCard suspended operations in Russia in early March and Russia’s biggest banks have lost access to the SWIFT global banking messaging system.
Russia set up its own banking messaging system, known as SPFS, as an alternative to SWIFT. Its own card payment system MIR began operating in 2015.
[…] They were part of Moscow’s efforts to develop homegrown financial tools to mirror Western ones, to protect the country in case penalties against Moscow were broadened.
The finance ministry said BRICS ministers have confirmed the importance of cooperation in efforts to stabilise the current economic situation.
“The current crisis is man-made, and the BRICS countries have all necessary tools to mitigate its consequences for their economies and the global economy as a whole,” Siluanov said. (link)
For a deep dive on BRICS, as predicted by CTH, {SEE HERE}. The bottom line is – the 2022 punitive economic and financial sanctions by the western nations’ alliance against Russia was exactly the reason why BRICS assembled in the first place.
The multinational corporate control of government is exactly what the BRICS group foresaw when they first assembled during the Obama administration. When multinational corporations run the policy of western government, there is going to be a problem.
In the bigger picture, the BRICS assembly are essentially leaders who do not want corporations and multinational banks running their government. BRICS leaders want their government running their government; and yes, that means whatever form of government that exists in their nation, even if it is communist.
BRICS leaders are aligned as anti-corporatist. That doesn’t necessarily make those government leaders better stewards, it simply means they want to make the decisions, and they do not want multinational corporations to become more powerful than they are. As a result, if you really boil it down to the common denominator, what you find is the BRICS group are the opposing element to the World Economic Forum assembly.
The ‘western’ countries run by multinational corporations are in Yellow, the countries who have not yet chosen a side are in GREY:
The BRICS team intended to create an alternative option for all the other nations. An alternative to the current western trade and financial platforms operated on the use of the dollar as a currency. Perhaps many nations will use both financial mechanisms depending on their need.
The objective of the BRICS group remains simply to present an alternative trade mechanism that permits them to conduct business regardless of the opinion of the multinational corporations in the ‘western alliance.’ The recent comments by Federal Reserve Chairman Jerome Powell, are accepted against this backdrop. The financial contest is now between two sets of competing forces.
It’s not so much a “great reset,” it’s more akin to a global cleaving.
In hindsight the inflection point was COVID and all of the western government allies following the same economic lockdown and massive govt spending program demanded by the WEF assembly. The western group planned to exit their spending crisis through the “Build Back Better” agenda, a new world economic structure based on renewable energy.
The people behind Joe Biden are collapsing the U.S. economy in the ongoing drive to attain this new economic transformation. The American people are suffering through the consequences with massive increases in energy costs which are driving the costs of everything else, including food.
I forget where but yesterday I was hearing about citizens in China being unable to access their digital currencies because their apps had been frozen as part of a Covid Response feature everyone had to accept. — That Beijing had gotten Big Tech to make it so a person could be digitally locked down over their Covid Status… + people were seeing their Covid Status changed based on their Social Credit Scores, not health status.
That is the future.
That is what going to Government-sponsored digital currencies is all about.
Total Control
Have you not noticed that our government is blaming everyone except themselves. They have lost all power around the globe, this is how they panic.
They need you and I to hate their enemies. You need to understand 100% that China will be the new Financial Capital of the world.
but I ask you, when has China, minus their little border conflicts, ever engaged in a real war???
1953
Correct! I guess I should have been more specific, after 1970. Yes they had a skirmish during the Vietnam war but after that, they have been silent, minus those border confrontations recently.
so my bad, you are right.
China asked themselves if socialism worked, that when the people are poor, everyone is poor. So… they still believe in socialism but they worked on creating everyone to become more wealthy. I’m not a fan of socialism or any ism, but what we have is lost here in America all because our politicians have allowed the greatest nation on this planet to collapse.
So I think of it like a domestic dog, their taken care of with food, water, medical, love but still have a certain amount of freedom but still having boundaries they cannot cross.
I cannot know what the future holds but financially, China will surpass the USA very soon and become the financial capital of the world.
I trade markets for a living and we all see it. I don’t pretend to be an economist, I live in the world of experience based on my own misgivings.
China was meant to take the lead. China is Western Made.
The Eugenicists turned a poverty-stricken, economically backwards nation with a prohibitive population density into a Superpower by shifting Wealth Creation out of the West + into China.
The Eugenicists created both Hitler + Lenin.
They made Modern China when they tapped Moscow to supply Mao + General Marshal to cut off Chaing Kai-Chek.
The Eugenicists set the conditions for triggering WW3 by keeping Trip Wires in the South China Sea (Taiwan) + the Korean Peninsula + by marching NATO across Eastern Europe despite the end of the Cold War.
Now that Western Capitalism is about to take the fall for the coming controlled demolition of Civilization – a Psychological Warfare Operation will be implemented to point to Beijing as the actor who had the right ideas all along…
— It is like every Communist Revolution witnessed in the 20th century.
They were never led by the Have Nots. They were always orchestrated by the Want it Alls…
They knew they could never win over enough of the masses to democratically do what they wanted — so they used Thesis – Anti-Thesis – Synthesis — creating Crisis after Crisis after Crisis to evolve Civilization in the direction they desired…
I’m happy you brought up China like you did. It led me to remember — China was 1 of the 4 Horseman of the Police State the Allied Leaders near the end of WW2 envisioned would establish Peace + Prosperity Globally.
What the Hades was China doing on that list in 1945???
But they are ready to be part of a World Police State now, aren’t they…!!
Excellent and it is the truth.
Our political leadership here in the USA are Chinese puppets, their allegiance bought and paid for. Make no mistake; we are effectively under Chinese Occupational Government.
China is not in control. China is a partner. Same with Putin. They are all going to use their nation’s people like cannon fodder. They’ll get rid of the West’s Useless Eaters + we’ll get rid of theirs…
This is my meh place. I have a difficult time figuring out who is in control, I am inclined to believe it is the WEF, globalists. They have positioned THEIR leaders in most US corporations and all five eyes governments. Is Biden beholden to China? Certainly. Are the US highest ranking congress leaders bought by China? Yes. What is not clear is whether the WEF controls China. Maybe Klaus Schwab is running the world and all the national leaders are front men. Maybe even Putin. Maybe this is a transition to Chinese leadership that still leaves global control in WEF hands and Prince Charles’ committee of 300. Does Xi answer to anyone outside the Chinese committees? Are those members bought as well? A global entity is in control and it is not the UN or the WHO, is it BIS? The world bank? Maybe Schwab is under their control. Where does he get his power from?
As I told my spouse in Nov 2020, China OWNS Joe. We are seeing that now, aren’t we? Along with the uber corrupt Ukraine money laundering scheme.
You are forgetting a few things about China-
1-They have a fantastic amount of debt hidden in their system. They have hypothecated and rehypothecated any asset they have, like warehouses of commodities
2-they lie, as do all governments, but China lies as a matter of national pride. I wouldn’t believe their GDP numbers any more than I believe their Covid numbers
3-they cannot feed themselves. They must import food or a sizable chunk of their population starved
4-they are not anywhere close to self sufficiency in energy. They must import most of their energy
China is in no condition to rule the world, just as the US and EU are not either.
I think people misunderstand debit, they relate it to their personal affairs.
If your a government, debit not dollars is the new currency.. it has been for some time now.
I believe we are where we are because there was never any significant campaign finance reform.
That is only part of it. US “mistakes” go back to the 1960s when Kennedy was killed. Some to 1913 with the creation of the Fed Reserve on Jekyll Island. So, over a decade ago, there were men strongly influencing our government to make decisions against its best interests and those of its citizens.
North Korea was supported by China and the Soviet Union while South Korea was supported by the United Nations, principally the United States. The fighting ended with an armistice on 27 July 1953.
The West watched Moscow arm Mao + Kim Il Sung to wage their wars but refused to give military support to Chaing Kai Shek + Syngnman Rhee — UNTIL —- the invasion of South Korea witnessed Truman pour US blood back into the South + announce the Containment Strategy that kept US Troops in harm’s way + responsible for Mutually Assured Destruction for the next 50+ years…
Yeah, Stilwell screwed Chiang as well…Sending him old, broken down equipment, etc.
No! They supplied troops in support of North Korea but never declared war on the US the only nuclear power at the time.
Ghangis Khan and Kublas Khan both had a pretty good run
Remember why Mc Arthur was fired by the school teacher (Truman) he said only nukes would stop China, not convention warfare. The Chinese could march 13 soldiers abreast over a cliff and never run out of soldiers.
Planning on rewatching Farewell My Concubine. One of the most devastating films I have ever seen.
a little history would be helpful.
the moment that the crown released hong kong.
what actually motivated the UK to release hong kong?
once you realized what CHINA OFFERED IN RETURN, should be a very good start to understand the relationship between the crown, london and bejing.
feinstein and pelosi and mcconnel and mccain simply copied and pasted what the brit central state had developed.
sometimes island empires become world powers, because they have to make the intellectual investment because they don’t have the benefit of domestic resources.
What did China offer to the UK?
An extremely lucrative narcotics trade that financed colonial rule in India…
And a slave trade
No, Britain ran the opium trade in China long before China’s rise. China did not “give” that to the Brits.
They have been at war with Russia, Mongolia, Japan, Themselves, US, and UK to name a few.
Surprise surprise surprise.
(just to make sure ppl are not confused with dig currency and the unregulated crypto dumpster fire: ccp is placing restrictions on the national approved dig currency…but ccp has adopted proof of stake and that means the former cypto miners who were using the amount of energy equivalent to the grid demand of texas!, are not longer allowed to exist in china. Most of these operations have since moved to singapore, hong kong, manila, and russia. And many operate here in the US.
china HAD TO DO THESE THINGS BECAUSE THE PANDEMIC CAUSED SUCH A HUGE GLOBAL ECONOMIC IMPACT THAT ANY POSSIBLE ENERGY COSTS TO SUPPORT CRYPTO WAS FAR LESS THAN USING THE LIMITED ENERGY SUPPLY TOWARDS BASE LOAD FOR MANUFACTURING AND PROCESSING ((and citizen power demands).
China is now in a position where the global demand for products are at a very dangerous economic stalemate, and that means china is probably looking at a very deep depressionary period.
with global suppy chain disruptions that are far more severe than any we have experienced so far.
prepare.
it’s going to get much much worse.
invest wisely in materials and goods and foods and medecines.
the reckoning is happening..
we are at war.
Crypto “mining” is unimaginably stupid
The key point is — Digital Currencies + Big Tech allow Beijing + the rest of the Great Resetters Total Control paper $ doesn’t give them.
China was tapped to fire the starter pistol on The Great Reset by releasing a bioweapon the US + others helped it develop.
The Lockdowns that began the controlled demolition of the Global Economy wasn’t even necessary with Covid spreading.
Absolutely correct! The Canadian truckers found out first hand how this works. The media will soon be pushing this insanity as the best thing since apple pie. The same American dolts that lined up for their ‘life saving Covid injections’ will be first in line. The lack of critical thinking is paramount.
I remember being gobsmacked listening to a bunch of pseudo-intellectuals talk about how great driverless cars were going to be….
Ain’t it da truth…
Speaking of critical thing ……Rough language if you are sensitive to it but I found it both shocking and entertaining
Mental illness runs rampant with these kinds of people.
Yes and they vote for evil.
Like our friends in Canada who dared question Truedope? That’s the future I fear unless a lot and I mean a lot of folks wake up and realize what’s going on. This may well be the third awaking or it could be the entry into the next thousand year dark ages. We may well be at that pivot point.
how many of our Western leaders are actually compromised or sold out?
Or, better question, who isn’t sold out and compromised
Trump and the MAGA band
the Western leaders are more interested in turning their own countries into low population dormitories for the rich and being bribed and bought off by the BRICS countries. Specially China but others
The jury in my head is still out on Trump. He didn’t fight to drain the swamp. He fast tracked the 2nd bioweapon they’ve used to forward The Great Reset/Great Culling of Humanity.
I liked what he said.
I liked his efforts on the economy.
I liked his fight to build the wall — but that could all be reversed easily + was.
Draining the Swamp was vital. At least a solid attempt at it…. but time + time + time again, the people he put in top spots worked AGAINST a rollback of the Globalist cabal’s efforts.
The church of Trump is just as sold out from the perspective of those smart enough to take a step back and look with open eyes.
I see the Tea Party, another controlled opposition movement where the disenfranchised are being led by a NY liberal and electing more Progressives and flat out Dems… While cussing progressives and Dems… They will all be GREAT Republicans absolutely NONE are conservatives!
Trump is another “oops” Republican…
Oops vaccines
Oops Fauci
Oops Pence
Oops Barr
Oops Wray
Oops bump stocks
Oops Sessions
Oops FISA extension
Oops DeVos
Oops Mattis
Oops Pompeo
Oops Kelly
Oops Haspel
Oops Kelly
Oops Priebus
Oops Coats
Oops record debit
Oops record spending
Oops feeding the military industrial complex
Oops asking 100k+ Americans to come to DC for Jan 6th and then dropping them like hot potatos.
I could go for days!!!
Cry me a river about Senate confirmation, simply appoint an acting ahole and let them run with it.
And when the whole republican party simply decided Biden needed to be elected… Oops at even remotely being smart enough to walk away. (Or even say it)
My end all with him was during the post election election… Calling the Republican controlled state houses like MI, GA, WI, AZ, PA and Republican election boards in places like Maricopa County… “Democrats and their attorneys”.it worked because people are too stupid to understand article 1 section 4.
White knight’isum and Q anon theory are required to participate..it will fail and there will be another synonym created to rewrite the same excuses.
You can not and will not change this country by elections… But they need you to keep believing that you can!!!
-Trump stated recently that he will pardon all J6ers that are in jail if he is re-elected
-Not all elections are rigged- witness the election of republican hispanic Mayras in Dem district in Texas
He should have done that on his way out the door. But, he is only one man. He did not pardon Assange or the CIA geek dude in Russia.
All elections ARE currently rigged unless their failures have been eradicated (few have yet done so). Bannon’s war room has the scoop on this and all the details, especially his Warroom Battleground podcasts. Mayras won because the turn out overwhelmed the rigging. Same way that Trump won 2016, when Hilary fully expected to become the first female POTUS, her life long goal.
The Tea Party started organically. I was at one of its first rallies. It was co-opted by Ted Cruz and Glenn Beck.
Similarly, the Occupy Wall Street movement started organically and was co-opted. Ron Paul’s Revolution started as controlled opposition, although the Mise’s institute’s influence is more grass roots. Q anon is the deep state’s propaganda to keep MAGA people from ACTING in their own best interests because the cavalry is always coming but it never arrives. Although, it is possible to turn the US around peacefully, it is highly unlikely at this juncture. Dem leadership have thrown caution to the wind and do not seem to care what the voting public thinks. If the voting public are not able to overthrow them during midterms, then, it is likely rigged and a 2024 win is not probable. At any rate, all most of us can do right now is live our best lives (thanks Sundance) and prepare to provide for our families and friends the resources needed to get through these tough times. Our ancestors survived many atrocities and calamities and we can as well. There are many ways to fight and I am particularly fond of throwing salt in the gears. It is the equivalent of globalists’ plausible deniability but for the deplorables and down trodden but undefeated. The money is bad. The ruling class is lawless. They will not let us be. They want all of our assets and our children, in my case, grandchildren. They want us dead. Just say No.
When we refuse to kill our enemies our enemies will kill us.
Personally I would not discount this:
https://www.americanthinker.com/articles/2022/06/when_globalism_falls_american_liberty_will_rise.html
The first sentences caught my attention:
Dynamic change is unsettling. We humans grasp at the status quo and squeeze
Intelligent people can and will turn their ‘technology’ against them.
Intelligence will win out (IMHO, they are locked in their own fantasy world – those who plan to rule the world)
There were a lot of good quotes in that article.
“Future history books will highlight (when factual history returns to education) how WWII served as the inflection point for unleashing a torrent of international institutions and norms (disguised as mechanisms for “maintaining the peace”) that have succeeded in concentrating wealth and power in a small number of people intent on ruling over everyone else.
Their centralized control over monetary currencies has made them fabulously rich and left everyone else in debt. Property, income, purchases, inheritances — everything you “own” through the fruits of your labor is taxed and laundered by corrupt legislatures back into the pockets of the same currency-manipulators who print money and buy off politicians for a living. You are taxed for simply holding a dollar in your hand because every day, that dollar loses value through intentionally constructed inflation used to prop up stock market “growth” while destroying middle-class savings. The World Economic Forum wants Westerners to “own nothing,” and by golly, through taxation and inflation alone, it’s halfway there.”
as you say – there are lots of good quotes. I like these too
Chasing that elusive one-world-government perpetual motion machine, “elites” always delude themselves into believing they are destined to “rule.” They fail to imagine that there are smarter people who have never sought great wealth or power. So committed to their Darwinian belief that “natural selection” proves their own superiority, they have become certain that a future technocratic totalitarian state (with them at the top) is inevitable. And just as with every attempt to rule the world before it, pride comes before the fall.
ahem – Pride month anyone?
The same technologies used to control us today will liberate us tomorrow. Whereas centralized digital currencies seek to steal our labor and trap our wealth, decentralized currencies beyond the reach of central bank manipulation will open markets to real free trade. Whereas the national security surveillance state monitors our communications, decentralized protocols will again secure our privacy. Whereas Big Tech and Big Media have maliciously partnered with Big Government to control the dissemination of information and news, the same workarounds above will eventually break corporate control for good. Necessity is still the mother of all invention, and when people smarter than the global cartel decide that fighting back is necessary, globalists’ monopoly on control will fade.
Note the differentiation between centralized digital and decentralized ….
I like how you connect those dots.
Pride Month
Pride goeth before a fall.
“Biden” falling off the bike (done is such a way as to echo the meme)
Stock market falling.
What’s going to fall next?
CocaCola exiting Russia.
Sergei Lavrov’s spokeswoman’s response is pure classic. She’s sharp as a whip and a good-looker, too.
https://t.me/intelslava/31325
Russia already has the recipe and doesn’t need WOKE COKE!
Here’s something that has fallen. Olive trees are dying across Europe. No more olive oil
https://www.marketwatch.com/story/now-an-olive-oil-shortage-looms-11655200142?mod=economy-politics
Thanks for posting the quotes.
I like the way you think!! Thank you!!
Uh, no, cryptos will not save us from currency devaluation. They may allow one to move vast sums between jurisdictions rapidly before the devaluation hits one’s savings, but, they can do little else. They are still firmly within the banking system, everything digital can be tracked. They have centralized hubs that facilitate exchange. Governments have busted some of these already. I know it is popular to trust these systems and decentralized systems are more robust than centralized ones, but, they still require you to trust someone outside of your physical orbit. Anyone outside of your physical orbit is not someone you can fully vet. The Internet will not save us from currency devaluation because it is dependent on a fully functional electric grid and the governments that run those. I have a Master’s in Computer Science. My software flew in the second Iran war. Putting one’s faith in technologies programmed by humans who err regularly is dangerous. Technology is simply a tool, like a gun, it can be used for good or for evil. It is not stand alone. Put your trust in Jesus to give you wisdom to provide for yourself and your families. That will get you through these trying times.
There is a group of people that believe that their messiah will only come when they own all real property on earth, including all of the out-group people as slaves
Right, with an emphasis on future. For those of alive now, however, it’s going to get grim. But that was also true during the fall of Rome, Constantinople, etc. Pax Americana didn’t last long. Perhaps just a blip in the future history books.
“When globalism falls freedom will rise”…..
….is like saying…..
…..”When people realize Covid and vaccines are a scam they’ll withdraw consent”.
_______________________
What percent of people around the globe complied with the Covid and Covid vaccine scam? 60%, 70%, 80%, 90%?
That same percentage will comply with digital currency.
There will be no “fall of globalism” and no “rising of freedom”.
Digital currency is the cornerstone of The Mark.
When The Mark is required to buy food, the abomination of desolations is near.
When that happens, the return of Christ is near; “When these things happen, look up; for your redemption draws nigh.” (Lk 21-28)
_______________________
There is nothing anyone can do to stop the Word of God. Digital currency has already been decided. It’s a matter of WHEN, not IF.
The tribulations and Return of Christ happen in God’s time, not man’s.
God has used evil, arrogant, prideful rulers through history (Pharoah), so maybe that is the case here, but having this group of demons take Revelation as their guide and try to get a jump on the timing so that Satan wins . . . I just don’t think God is going to bless that venture with “success. ”
Who knows, but we can all pray. One way or another, God will intervene and show these people the true meaning of Jesus is King.
Every knee will bow, even Bill Barr’s and Hillary Clinton’s and Yuval Harari’s.
God wins in the end.
In the meantime, Posobiec has a code for Patriot Supply. Day by day. Day by day.
The Word tells us a day will come when we can’t buy food unless we have the mark of the beast. It’s understood “the beast” is, at heart, a system of control.
Digital currency is a system of control. Whether it’s “the beast” or not is irrelevant. What’s relevant is digital currency sets the foundation for a digital ID, which is necessary to access digital currency, which is necessary to buy food.
Therefore it can be said the coming digital ID contains much if not all the requisite facets to become “The mark of the beast.” Time will tell if that’s true.
Jesus Himself said the world will pass away, but not a jot or tittle (not a paragraph or period) of the Word shall fail to come to pass. We daily see events that are foundational and preparational to fulfilment of what Jesus said.
You will need much more protein than what’s in the PS foods. They are almost all carbs. Be sure to raise chickens and rabbits and eggs for protein.
The “Nobody is buying. . .” hyperlink goes to the Treehouse article where Chuck Todd is surprised that nobody trusts the MSM.
One defense to digital currency would be a Constitutional amendment: “The federal government shall ensure to all citizens a freely circulating physical legal tender.”
I would settle for a balanced budget amendment. Things will have to change a lot in order to get 2/3rds of the states to pass a constitutional amendment.
A balanced budget amendment would be useless. It would have to contain some sort of emergency escape clause to deal with a war or meteor falling on NYC. So how many years out of the first ten post-ratification do you think the Congress would not solomnly agree that yes, we hate it, but we have an emergency this year so we can’t, we just CAN’T do a balanced budget?
Right. And what about the next ten years?
Doppler’s suggestion is more powerful and more difficult to evade. For a balanced budget we’re going to have to replace a majority of those now in Congress with honorable men.
Yeah … not easy. But nothing is going to stop the cheap tools we have there from using your money, your children’s money, your grandchildren’s money and their children’s and grandchildren’s to bribe me to vote for them.
I don’t vote for them anyway. But they’re still spending the money of five or six generations of your family.
They’re already routinely ignoring 1, 2, 4, 5, 6, 10, and 14. You think another with a built-in escape would be followed?
DEFICIT-Spending SOLUTION:
Every “State Republican Party” passes a Rule that triggers a RECALL PETITION of every State Member of Congress on October 1st of any year that Congress has violated their Oath of Office by failing to pass a BUDGET – not a Continuing Resolution – and makes that Recall Petition both mandatory and fully-funded by the State Republican Party.
Those Recall Elections can THROW OUT every RINO member of the UniParty … including those RINO Senators who think they can skate with zero consequences for 6 years.
Reasoning: FAILURE of LEADERSHIP.
We elect these Republicans to Lead and Influence.
Continuing Resolutions prove their incompetence on both fronts.
This forces them to CALL OUT every RINO.
This makes them accountable for EVERY Vote.
We must make them FEAR US. Like a useless servant fears his master.
Can’t legislate morality but here is my offering.
NO elected official will possess a net worth more than 110% (adjusted for inflation) of their average net worth of the prior five years at the time of announcing their candidacy.
Me like!
We need to peel back unfunded mandates on the states. Federal revenue sharing is the opiate of the states, and eats up progressively more of state budgets (which must be “balanced”.
And this has resulted in many other kinds of bizarre hijinks with budgets.
The reason we have such huge spending now is because states take money earmarked for legit purposes (think infrastructure) and spend it on buying votes or money for cronies. We are nothing more than milk cows for them, both states and feds.
But the worst problem is LACK OF CHARACTER. If that could be fixed, everything else could be managed.
That’s no excuse not to try.
What is absolute is the Petrodollar is dead…… this foolish gamble by the US to subjugate Russia is so incredibly foolish given that the reliance on Russian essential metals gas and oil.
The EU is very close to coming to a standstill and by end of the year they WILL be at a standstill……. with all machinery grinding to a halt….especially in powerhouse Germany….
Fact is the BRICS are the emerging markets…… we dont have the resources any more……… so they are the ones who now call the shots……..
What I find interesting is that the US lasted such a small amount of time compared to other kingdoms…. used up such good opportunities with so little gain…………. but we have time to get schools to treat Russian or Chinese as a second language to prepare them for tomorrows world.
Israel is the energy Super power in natural gas and just signed a contract with Europe to supply them with energy. Things are going to get very interesting soon. Without energy sales Russia goes broke.
😂
Russia will not lack for energy sales as long as China and India need energy. As well as other nations.
So then … Israel doesn’t need all those monies from us anymore, right?
I want a suspension of ALL FOREIGN AID until we have a reporting mechanism to track and verify every penny. I am thinking that for a long time, aid has nothing but a money laundering operation for corrupt politicians.
No NATO, no UN, NO PARASITE FUNCTIONS.
Funny that the state of our lives doesn’t end up as worse as people predict… everything seems so minutely incremental.
Besides, I will be dead before all of this doom and gloom consumes us.
You expect to die soon? Because that avalanche is roaring down the mountain.
The incremental build up is over, changes have accelerated this year. They are still accelerating. I would not bet on being dead before you feel the pinch unless you have a foot in your coffin already. I will soon be 68, I am doing some serious gardening and prepping for myself and my grandchildren.
Me,too.
How is it we were able to have domestic oil at half price under Trump?
Oil is not dead in the US, Biden’s policies have hijacked it at every place they could.
On the other hand, the US dollar as reserve currency for the world IS over.
The Russian sanctions put the last nail in its coffin.
Central Bank DIGITAL currency, my ass. We’ll make our own scripts [like with our own check books] and trade that way……just like we did in colonial times…….
CENTRAL BANK DIGITAL CURRENCIES CANNOT AND WILL NOT BE ALLOWED TO ENSLAVE HUMANITY and DESTROY
ANONYMITY of TRANSACTIONS.
That failed btw.
The federal Reserve was first established to buy in Corporate paper to help keep employment rates even across our country. During WWI, the government passed a law informing the Fed to buy only Government paper and to forget the other.
It was FDR who removed the 12 national banks and combined them into one. The Federal Reserve used to support the private sector, now, they are keeping our government on life support.
I hope this makes sense as to when I say… The Federal Reserve is Trapped, Government is the biggest borrower with no intention of paying off the debt. Think of it like a revolving CC.
THIS will work. So, will change, silver and gold and stuff needed to survive.
In order for El Erian to be right about a Fed 360° reversal on interest rates (and I have no doubt that he is right given the corruption!).
A: Does Biden have to do a reversal on oil and gas production first?
B: How can the Fed start cutting the interest rate without a substantial drop in the price of oil and gas?
C: Would the US have to end the Ukraine-Russia Conflict and end the Russian Sanctions first especially the oil and fertilizer sanctions?
D: Is the purpose of a Fed interest rate reversal to reverse the stock market crash and help Democrats in November 2022?
In other words what will be the end result of this if El Erain is right?
From my limited knowledge of economics and the geo-political overlay:
A. No. If Powell decides to reverse course or “put” then it will be a reaction to demand destruction and subsequent stock market devaluation. Demand destruction is now hitting large retailers, autos, and likely tech. It will likely cause home valuation to deflate to some level because interest rates will keep people from buying. Whats high energy prices hitting harder right now? Main Street or Wall Street? Remember Sundance’s analogy of two divergent highways? Main Street is getting crushed first. But Wall Street cant survive on tech and services alone.
B. One because the Fed is beholden to the stock market. Two, energy policy isn’t the main cause of inflation. The ARP helicopter money from Congress and the radical expansion of the money supply are mainly driving inflation. We have too much money chasing too few goods, and a lot of that money was “free” or at very low interest rates. Energy policy and supply side whiplashes are just making it worse than it needs to be. Investors are trying to read goat entrails right now to see if Powell will revert to quantitative easing again or continue hiking rates. Really, either way we are in for pain.
C. No.
D. Likely yes.
If you were gunshot and bleeding out, would you rather be the one that grabbed the hot poker and cauterized the wound? Or would you prefer your buddy to just hold pressure with the bandage? Either way this is going to be painful, I prefer to take the pain up front, quick and clean. In other words Powell should hike rates fast and hard, maybe even with real inflation rates, and even if he overshoots, we can course correct to resume growth pretty quick. Trump proved it’s possible. But El-Erian sees Powell not grabbing the poker, he’s been slow to apply any pressure with the bandage, and he’s likely to let up the pressure and keep bleeding us out, until he get’s us near dead.
jc – i follow your logic
question
how can the Fed possibly overcome the congress critters helicopter money ??
my guess is – it can’t
Indirectly it can. If the Fed restricts the money supply it will drive interest rates up, and the high rates limit what Congress is willing to spend.
ha ha ha ha ha
that was a joke, right?
oh – the word ‘can’ vs what congress is willing to spend
So would you be selling stocks like Apple and Tesla (which have lost 1/3) now or buying on the inevitable of rescue of the Democrats in November by Powell and the Fed? Thank you, JC!
Given that every other swamp creature is owned, compromised, and controlled, what makes anyone think that Jerome Powell, the head of the Fed, of all people, is the exception?
Powell is there to do the bidding of Davos. Period. And he will. Period.
Whatever that is. At the moment, that looks a lot like doing 1929 over (chaos) in order to finalize the move to digital currency in times where the population is too desperate and too hungry to fight back (order). Fabian Socialist playbook.
Look for Powell to pull the rug out, not try to put a finger in the dike.
Hyperinflation.
Which may happen anyway. Interest rate increase and planned increases do not rise to inflation rate.
When do you decide to organize? How cold do your kids have to get? How hungry do your old parents have to get? No petroleum = no petroleum products = no fuels, no plastics, no food, no fertilizer, no clothing, no electricity, no water, etc!
The WEF relies on CORPORATE SPONSORS who rely on YOU to BUY THEIR PRODUCTS! On the other hand, POLITICIANS make laws, including MONOPOLY, SEDITION, MONEY and RICO, among many others.
These problems can be overcome, but we MUST BE A FORCE much greater than we are now; ELSE THEY WILL KILL US ALL!
The only good thing about the extremes to which the corporate interests are going now is that soon we will be paying few taxes and not buying a thing from multinationals since we will have no savings/income.
Government hasn’t thought that one thru yet.
I become more convinced every day that covid was planned and released to bring about all of these changes.
Everything they are doing now is too.
They want digital currency and Electric cars so they can shut anyone down (who they don’t like) at the blink of an eye!
To point out the obvious (been down this road), one then has to assume the folks behind this are murderous psychopaths.
You got it.
No god.
No humanity.
Soulless.
Self-serving
Stop trying to attribute these global entities with any humanistic emotions.
Bottom line — they want us disposed of— like sewage.
Dead.
The petrodollar put biblical money-changing on the global map. Every nation in the world had to change their home currency for USDs in order to purchase oil.
America needs its re-nationalized currency back from the NYC and London banks. The Triffin Paradox hollowed out the industrial heartland. Our chief import became dollars. Let’s get back to unencumbered American innovation and industrial prowess. That’s why I voted for Trump: economic nationalism and re-industrialization.
Thé pétrodollar also allowed the US to export its inflation. Now that the petrodollar is busted, we are in a financial whirlwind coupled with all that stimmie money that was issued. Interest rates need to equal inflation to get the economy back into equilibrium, but will bring on a severe recession, extreme shortages, unemployment, and an economy on life support. Plus, we would not be able to pay our debt at that high rate of interest.
We’re in a real conundrum.
We had those interest rates in the late 80s well into the 90s and none of those results occurred. Why would they now. Sure there will be a shock to those used to pulling out the plastic and buying useless junk from china at the local Walmart. Actually it might be good to get a lot of people off the credit merry-go-round.
Because we didn’t have the debt levels we do at present, nor did we have the steaming stink pile of derivatives that hang over us all like Damocles award.
This is why I voted for Trump. America’s recovered nation-hood will deliver a honest, grassroots renaissance to this country that the transnational body-snatchers could never match, even with their imposed immoralities and ‘Greek gifts’ of reserve currency status (money-changing) and the MIC (war profiteering).
America can and should be the world’s most-favored-nation, but on nation-state (We, the People) not empiric, terms. America is endowed for this purpose. But only if we disable our hijackers.
We need our national currency restored to us on answerable, national metrics. Yes, the decompression phase will be wrenching. But it’s the moral path.
All this ‘international prestige’ stuff are Satanic enticements, frankly.
We need a military to protect our borders, not run international errands for the transnational interests. War is a racket that only the racketeers win.
https://www.counterpunch.org/2019/10/18/wall-street-sees-the-light-of-domestic-reindustrialization/
Not to mention the 10s of thousands of Ukrainians being killed by the futile support of a corrupt government.
And by Russians.
Early this morning Ukraine Nazis began shelling downtown Donetsk.
Civilians…once again under fire by Ukraine.
I’ve no sympathy for the Ukrainians who supported the harassment and constant shelling of Russian speaking citizens who live in the Donbas region since 2014 and earlier. Russia came to their aid, also being fully aware of the corruption in Ukraine government that was manipulated by the West. Not to mention the evil bio labs that were manufacturing bio weapons.
I wouldn’t mind if the Conservative Freedom loving Citizens (and States) of the USA came up with their own currency!
The Dumbocrats can keep the dollar and keep looting folks who want to play their GAMES!
Watch this little snipet about CBDC from joe Rogan show
Look how quickly the Australians and Canadians have fallen to Big Brother.
Australians were out in the streets demonstrating by the thousands. People were rounded up like cattle and thrown into camps. They were locked down and could not get food, have free movement, etc.
I become more convinced everyday we can’t vote our way out of this 🙁
Hard to vote a party out that was never voted in
When our politicians question why other countries won’t accept our dollars to help them, this should be a first clue to all why our government of bureaucrats are completely oblivious to global economics. You and I both know why, they, like us, watched what happened in Russia regarding sanctions, like we watched Canada.
Because the terms and conditions are unacceptable. They have to relinquish sovereignty. Ain’t doin’ it.
We don’t throw money at governments for free.
This statement is ominous, especially the “specific” project timeline of 2/2023.
“A US central bank digital currency (CBDC) is being examined to help the US dollar’s international standing.”
“Fed servers will be coming online in February 2023.”
Failed fiat and then, I predict, a failed centralized CBDC coin — get your house in order.
I am hearing that giant sucking sound that Perot once mentioned.
Money and Payments: The U.S. Dollar in the Age of Digital Transformation
January 2022
FederalReserve.gov
It might be good to know some talented hackers.
Slaves, they want slaves only to serve them. Do they not know that there are more of us than them?
Slavery has become a bit more refined and intricate.
The whip is now an algo.
Tell that to the Australians.
I have and many see it. It takes a while for shock to subside
Numbers don’t matter if those numbers are numb and number. State of mind plus action works for the many at the bottom. Passivity works for the few at the top. That’s why passivity in the many is cultivated tirelessly by the few.
Of course we are many, but what do the many ever do?
We’ve all of us been willing slaves to the left for decades, sure that any changes they made to society were of no consequence. We may still outnumber them but more than half of us are willing to do anything to appease so they can pretend they still have normal lives. All you need to look at is the increase of taxation on every single aspect of our lives. There is nothing you can do freely without government permission in the form of taxes and all the tax money goes to increase government departments that control even further our everyday lives. The states work hand in glove with the Fed’s and those we send to represent us agree with both. For any form of rebellion to succeed the state and Federal government must be downsized to the point they can no longer control everything we do by using our money to do ti.
Russia and China signed on to the WEF’s agenda at the beginning of February 2022. So, while they may want they’re governments controlling their countries, rather than corporations, it appears that they are still in line with ‘climate change’, CBDC, ‘owning nothing and being happy’, etc. https://www.corbettreport.com/putin/
The main thing from Putin’s statement yesterday at the St Pete’s economic forum:
1. The break with the West is irreversible and final. No pressure from the West will change that.
2. Russia has regained its sovereignty and will not give it back to anyone. Strengthening political and economic sovereignty are top priorities.
3. The old world is collapsing and the era of American dominance is over. Now a new world is being formed.
4. Despite all the support from the West for Ukraine, the operation in Ukraine will continue until all the goals are achieved.
5. Economically, Russia will not close – the emphasis will be on domestic economic development and the reorientation of trade to countries independent of the US.
6. The EU is no longer seen as a subjective player – solely as a collection of American vassals devoid of military-political subjectivity.
7. Big business is once again offered to make a choice – either “nationalization” in Russia, or deprivation of assets in the West.
In general, the main leitmotif of the entire speech is that the ship is on the same course, there will be no turning back. Those who are still waiting or are afraid of the upcoming changes in Russia and in the world are once again offered to make a choice – with whom they are.
This comes from Telegram Intel Slava.
Yes, I heard the speech. But again, there is nothing specific (other than past references to the ‘fair world order’) that indicates that, despite being ‘sovereign’ they are not aligning with the WEF.
Mm…economic nationalism ? That is not a WEF objective. And hello, that’s why Trump was ousted.
Watch the Corbett Report video I linked above. I’m not saying what Putin believes in….only that he HAS signed on to WEF at the beginning of February 2022. Whether he as reversed direction, due to Ukraine, I don’t know.
Meh… Everyone liked the free money, now it’s time to pay the cost. It was going to come at some point and happen I some way.
Just like the current interest rates that were a decade plus behind in coming.. everyone liked the free money. Now they will need to get interest above inflation to remotely turn it… +800 points yet to go folks!!!
Reality is, this has been decades in the making. Blame Biden, Trump, Obama, Bush, Clinton, Bush, Reagan, Carter, Ford, Nixon, Johnson, Kennedy, etc, etc, etc…
You can remove Trump from that list. He in no way supported the goals of the rest of the subservient suckers in that list. I don’t believe Reagan did either. And there’s a case to be made for JFK.
They had to deal with the reality of the Office of the President which is that it’s not omnipotent and cannot act unilaterally. The President is not a king nor a dictator.
They were entirely surrounded by corruption and people unwilling to risk personal wealth, prestige, and authority in order to correct the corruption and dishonest, immoral and unethical practices that had been long established in DC. I think both men did the best they could under the circumstances.
“Obama gonna pay my Kiev mortgage. Joebama gonna fill my tanks.” – King of Galicia
MasterFraud: Accepted At Debt Bubbles Worldwide…
protip and spolier: there is ALWAYS RAPIDLY CHANGING GLOBAL ECONOMIC FACTORS>>>ALWAYS.
listen closely because I am only going to repeat this one thousand times until I am dead:
this administration has NO NATIONAL SECURITY ENERGY STRATEGY.
none.
this administration latched on to an idea without forming a national security energy policy strategy.
they decided to just skip doing the necessary work to make renewables possible.
this is the situation.
this administration failed to formalize and energize a workable national security energy strategy.
what does this mean:
it means that every single action of this administration is without any intelligent formulation and debate. it means ever single economic decision has been based on fraud.
when the renewable and alt energy proponents FINALLY RECOGNIZE THIS TRUTH ABOUT THIS FRAUDULENT AND CORRUPT ADMINISTRATION…
then we get deeper into stage 4 (transfer of powe).
we are already in stage 4, transfer of power. But it accelerates fully out of stage 3 (awareness) and into the actionable transfer of power).
noting: stage 4 is necessary to achieve reliable peace. (peace in the most full meaning..economic stability, growth, real growth, prosperity, etc) But this is also a period where many reckless and corrupt so called leaders attempt to enter the stage and acquire power.
be very skeptical of certain people who attempt to make claims about how this stage 4 transfer of power happens and who is responsible for making it happen. There will be many false idols and a circus of special interest media and deep state actors who will attempt to claim leadership in this chaotic period. Be very wary.
Here is my “test” ..the one I am applying to discern between authentic leaders and blowhard scofflaws:
a. first and most important: are they publicly professing a christian duty? If not, this ends the test. no other questions are important.
b. are they political careerists? professional politicos? Who is supporting their financial backing?
c. are they well grounded in constitutional SPIRIT AND LAW?
d. How did they acquire power? was it solely a financial arrangement, or did the person acquire TRUE POWER by the influence and inspiration of their actions and ideas?
e. What are they willing to do to actually defend ciizen rights and limit the reach of big gov? Literally, are they willing to make a sacrifice that other might benefit
my standards are high.
I have very few people whom I consider worthy and acceptable of my CONSENT to REPRESENT ME.
But I KNOW THEM MY NAME.
I am sure I am not alone.
understand the big picture here. every single one of us would prefer more representation that reflects our choices and what we find enjoyable, acceptable and what is not.
State soverignty…..
it really boils down to state soverignty.
if we lose this…if states do not start fighting back and protecting their citizens, then we are doomed.
the central state is already lost…disconnected and has new master.
we cannot allow the states to be lost.
THERE IS STILL TIME> ALL IS NOT LOST.
but we have to become like that third monkey.
today…and on FATHERS DAY.
make what ought to be
what is.
That’s the responsibility.
That’s the job.
That’s the life.
God Bless America
y
“it really boils down to state soverignty.
if we lose this…if states do not start fighting back and protecting their citizens, then we are doomed.
the central state is already lost…disconnected and has new master.”
Neither Trump nor deSantis actually understand this. They both are grabbing for what they believe to be the gold ring of Washington DC. Nothing could be further from the truth.
$30 Trillion US debt. In order to crush inflation, Paul Volcker in 1980 forced interest rates higher. The ten-year US Treasury bond paid 16%.
Inflation now is claimed to be 9%. If Powell forces average US federal debt to 12% to make the cost of money higher than inflation, interest on the national debt would be $3.6 Trillion annually.
US tax receipts last year were $3.8 Trillion. Social security? Medicare / Medicaid? National defense?
Either all of those things stop existing, or Powell isn’t going to crush inflation.
Here’s some warpaint over the ripped-up economy, for any Gonzalo Lira listeners:
SPOILER ALERT: NATO-trained Ukraine is losing BIGLY against Putin; nukes pending after Resident Biden won’t back off poking the Bear. Revelations hitting the fan. Kiss your kids.
The West is not only poking Russia in Kaliningrad, they are trying to provoke more hostilities in Syria. War mongers are going to warmonger.
The same people who assured us that the sanctions would work are now telling us that we are not risking a nuclear exchange with Russia as they continue to poke the bear.
Digital currency don’t do off-grid.
So how does the USA/WEF instigating the proxy war in Ukraine and giving Putin room to maneuver economically (the pipeline and control of other critical resources) fit into this scenario? Not to mention the self-inflicted monetary death blow to the dollar from profligate spending on the war and compensation for the destruction and deprivation to Ukraine. Have to admit I’m having trouble unwinding the complexity of the various factions and strategies in this maelstrom.
Also, how can China be deeply involved in American politics and with American based, huge multi-national corporations and also aligned with BRICS in opposing Western/American/WEF positions?
The Federal Reserve and western countries around the world have created a soverign debt monster that
is completely out of control. There is no way out of this debt crisis that won’t lead to world wide chaos. Period!
Here is the solution offered by the Federal Reserve! This is part of the New World Order scheme for all of us.
Another step in the control of the world population by the ‘elities’ who created these issues in the first place.
This one is huge!
(MMT) Modern Monetarty Theory states, ‘That any country, such as the US, that prints its own fiat currency
can print as much money as it likes without worry of financial default or collapse!! Think about that for a second!
The central government controls ALL and every financial transaction via the stroke of a keyboard! Every cup of
coffee and every home purchase, savings account, credit card………… everything. Digital credits or debits awarded,
or earned, depending on your political standing or social score!
Recently, in Canada, the New World Order tipped it’s hand when it froze the bank accounts, credit card access
and EVERY assest owned by leaders of the trucker’s protest in Ottawa. Justin Trudeau did it with the stroke of a
keyboard. Those affected couldn’t even buy diesel for their trucks….. let alone food and necessities. They were
relegated to donations and handouts.
Well, it backfired when it caused a run on Canadian banks. People were aghast when they realized that the government could arbitrarily confiscate their money, their livelihoods, and literally their lives whenever they pleased. Yes, it’s absolutely true.
Justin was quickly told to reverse course by the Davos, Claus Schwab, led New World Order lest people should realize
the mortal danger they face. He was prematurely letting the cat out of the bag. Most people didn’t even get the significance of this and thought it was just hyperbole. People better wake the eff up before they end up enslaved to digital currency.
For those who think this is just conspiracy listen CAREFULLY to Federal Reserve Director Jerome Powell talking about the new digital monetary system he and his fellow conspirators have planned for this country and the minions that live under their rule. It sounds like a good idea, so convenient and will solve all our money woes!!! It’s actually a human bondage nightmare in sheep’s clothing.
Jerome Powell was another horrid Donald Trump appointee who Dementia Joe Biden gladly reappointed. Just the facts here.
I’m no optimist but Japan has been doing this for decades and finally the chickens are coming home to roost. The Yen has depreciated 20% against the dollar since Jan 2021 and much worse against gold. So MMT has been discredited. That of course won’t stop every western country from following suit. When has a failed policy every stopped a government?
https://schrts.co/FnFaQIwF
Well tell me Carnac who should he have appointed,
“Jerome Powell was another horrid Donald Trump appointee”
Most people have nothing to worry about since their balance sheet is negative. The only people who have assets are the upper 20% or the old folks. That leaves 80% who will have nothing to lose. Plus those who are in danger of losing what they do have will see that when the banks lock them out.
This is about CONTROL not your balance sheet or how much money you have in the bank or how many assets you possess!!
Don’t forget to get in line for your Monkey Pox injections.
I guess the most urgent discussion is, can Trump reverse this?
The BRICS nations will undoubtedly lead more to follow. Our system of fiat currency cannot compete. China is the lead manufacturer. Russia is the greatest purveyor of resources and it’s only a matter of time when other countries say screw the dollar it’s been produced from thin air. Our monetary system used to have some accountability but that’s been 20 some years ago. Since that time we have simply printed (digitally) money at will. Take this down to a smaller scale and think if you made widgets would you want to be paid money I made in the copy machine? The answer is no, you would be much better off telling me to give you something tangible or to GTFO. So do we really offer that is tangible these days? Same example but this time I said give me your widgets or I will shoot you dead or you can smile and take my money. This is where are at the present moment. After we abandoned accountability we used threats of violence against anyone who challenged our currency. But now Russia can turn our asses into a smoldering pile of hell.
I hear this all the time but Russia has a declining population and does not have the ability to project power halfway across the world. The EU should worry.
And China? That’s a paper tiger. As I recall the EU and US are over 70% of Chinas economy. If the solar implodes, we aren’t buying from China and they will go down faster than a hooker on a dollar bill.
Can either cause the US problems? Of course, and likely will. But we are the cause of our biggest problems. The external threats barely compare.
All you need to do is read the first few lines of this article. Russia grows while we collapse. Now, if we were really trying to harm Russia then even Bidbama would do something about it. And even if The WEF was trying to usher in the green new deal, yet be worried about Russia and China, they would do something about those two growing in power.
Think those things through. Yes they are in fact trying to usher in the green new deal. And yes they are doing it by weakening our country. The thing that stands out is, they aren’t worried about Russia growing in strength. And it’s not because they think they will deal with them later. It’s because they are helping Russia and China grow in strength. And those two countries are in on it. In cahoots with our government.
Based on these facts we should not be cheering on Russia as if they are sticking it to Biden and Europe. Our current occupants are working in tandem with these guys to crush US. The American left has always admired the sickle and hammer. They are now helping them win the Cold War after all these years. We need to stop chuckling about how “oh Putin really showed them!” In my opinion they are working with him to help him and help Russia finally topple Reagan’s America.
This is the only thing that makes sense.
If the USA resumes its economic decoupling from the PRC, as under the Trump Administration, the BRICS construct dissolves. The problem today is that the WEF is a Chinese tool, continuing to serve Chinese economic interests even as the Chinese brazenly assist Russia in evading sanctions.
Cut off the Chinese, and their economy collapses, distracting the CCP leadership with widespread social unrest. Then Russia, in turn, completely implodes into revolution and chaos, opening the way to dismantling and completely demilitarizing the Russian Federation, as should have happened after the Cold War.
Thank all the geniuses who voted for Obama 3.0!
I think the whole Build Back Better Great Reset Save the Planet movement is a ruling class illusion. The lesson of the last 200 years is that whatever the elite thinks is going to happen or should happen turns out to be wrong. Because top-down is not the way that the economy works and it is not the way the world works.
I think I’m cheering for the BRICS. If it’s the only way to defeat corporate tyranny, then so be it.
People won’t like hearing this but the best weapon against the coming world order would be a prolonged and severe economic depression across the Western world. It would cleave the ruling class almost immediately into the more pragmatic people (let’s say someone like Elon Musk) and the idealists who don’t care how many average citizens they destroy along the way.
The globalists knew there would be pain making the transition from the petrodollar to whatever they’ve cooked up as its replacement, likely some sort of digital currency tied to each individual. But it’s hard rigging enough elections across the globe time and time again, sometimes things go wrong as seen in Brexit and Trump.
I also believe the complete demolition of America’s economic strength is conscious and been planned. Globalists desire a weakened United States for numerous reasons. Hyperinflation is a feature, not a bug. It’s part of the design.
I am not convinced this is true.
a severe global depression results in concentrations of power. loss of competition as the small biz and suppliers get swallowed whole and transferred to new owners/directors
it is also, unironically, a moment when large central states, make deep sweeping broad economic decisions to “recover” which almost always ends up creating higher tax, less representation and more reliance on a nanny state.
the too big to fail recession from the credit default derivatives (mortgage fraud and junk bonds), is the most recent lesson.
overnight, the banking industry consolidated and there is today effectively just 4 major commercial lending banks and underwriters in the US. That’s a loss of competition PLUS to pushes the fintech sector into a captive industry.
the pressure of this too big to fail was really the impetus for the creating of crypto currency…as an alternative store of value..
see how well that has worked out.
summary: economic recessions only bring immediate suffering with long term problems….once the central state decides to crush the economy, there is only one way to recover…and that means MORE gov’t and more corruption…as designed…each and every single time..
none of what we are experiencing is a natural causes recession/depression…it is state caused.
jmho
Many of the rapid economic and cultural changes needed for the new world order require a healthy, functioning global economy.
The transition to electric vehicles for instance would be immediately gutted and greatly undermine the need for a revamped electric grid.
Central governments already have almost all the power they need to crush individual liberties. Most countries are already “captured” under hostile management with heavy Marxist/Socialist leanings, while also having no credible opposition.
Right now the globalists are winning because they are still acting mostly in unison on major issues. The WEF elite need to be splintered into opposing camps instead of pretend and controlled opposition.
The EU is breaking apart as we speak-they are fighting amongst themselves and it will get worse- winter is coming- a lot of cold people will not stand for being pushed around by their oligarchs
The Fed isn’t raising rates to combat inflation.
The Fed is raising rates to break the ECB and Davos.
Davos is failing.
I’m going against all rules of CTH by posting this because I haven’t read through all of the comments. Shame on me. I’m a small time farmer who plants by the Moon and preserves, and/or gives away most of my produce. And I can tell you that ain’t the most difficult row to hoe in this life of mine lately. I chose to spend my time tonight listening to Greg Hunter interview Catherine Austin Fitts.
Full disclosure CAFitts and I had a business relationship from way back.
Greg Hunter interviews CAF. Its worth your time. And I have no need to be humble about typing that:
https://usawatchdog.com/its-not-a-turndown-its-a-takedown-catherine-austin-fitts/
Gonna listen to CAF and thanks for posting.
My gut feeling is that the US can get back to December of 2019 and” PROSPERITY “, it’s not that long ago and we aren’t doomed. But we gotta start soon and take no prisoners.
A lota wealth can be returned to our coffers via ” Eminent Domain”. Sorry Mr. Buffet but those railroads now belong to the states along with all of your assets.
Buush family, all of the land and water rights you own in SA is now for sale to the highest bidder and the proceeds will be used for American infrastructure and shovel ready jobs.
gaites, piglousy, mccdonnell, clintooon, bidet and the other 535 or so can contribute also because you are such patriots right?
Can sanctions work here at home? I think so. If it works for gov. it can work for the people.
There is a video of President Trump saying that we can fix this in 30 minutes and I for 1 believe just that.
Now to a voice of sanity, CAF, thanks IG.
Oh and Happy Fathers Day to all of the “Toxic Masculinity” out there, I can almost smell the testtosterone from this keyboard!!
Man is now stuck between the proverbial rock and a hard place.
A cashless society is a captured society.
” . . . Here we need a vast military-style campaign to marshal the strength of the global private sector with trillions “AT HIS DISPOSAL”, far beyond global GDP, and with the greatest respect beyond even the governments of the world’s leaders. It offers the only real prospect of achieving fundamental economic transition.” ~ Prince Charles, Duke of Edinburgh’s statement on 31 October, 2021 at the 26th United Nations Climate Change Conference of the Parties (COP26) held in Glasgow, Scotland
. . . and we can see every sector of industry taking the action required too. It’s as if a single person has been given authority to carry out a military-style campaign to marshal the strength of the global private sector. But that person will not be revealed until the Harlot is made to ‘fall away’ from her position, just as it was written . . .
“Don’t let anyone deceive you about this in any way. It will not come until first a ‘falling away’ [Greek: APOSTASIA – to fall away from something] and then shall be revealed the man of lawlessness, the son of destruction. He opposes every so-called god or anything that is worshiped and places himself above them, sitting in God’s temple and claiming to be God.” ~ 2 Thessalonians 2.3-4
“The Ten Horns that you saw are Ten Kings who have received no kingdom as yet, but they receive authority as kings with the Beast for one hour. These have one mind, and they give their power and authority to the Beast.” ~ APOKALYPSIS 17.12-13
“Surely the Lord Yehovah will do nothing unless he reveals his secret to his servants the prophets. The lion has roared. Who will not fear? The Lord Yehovah has spoken. Who can but prophesy?” ~ Amos 3.7-8
. . . I would go about trying to identifying who those ten leaders are and the one person they’ve given their authority to. Anyone up to the task? Are they in Klaus’s WEF, or somewhere else? But the Western countries all seem to be in agreement to take their orders and coordinate their actions.
“Finally, you saw the feet and toes made partly of pottery clay and partly of iron; this will be a divided kingdom; yet it will have some of the firmness of iron, since you saw the iron mixed with clay from the ground. Just as the toes of the feet were part iron and part clay, this kingdom will be partly strong and partly brittle. You saw the iron mixed with clay; that means that they will cement their alliances by intermarriages; but they won’t stick together any more than iron blends with clay.” ~ Daniel 2:41-43
“So he said, ‘The 4th Beast will be a 4th Kingdom on earth, which will be different from all the Kingdoms, and will devour the whole earth, and will tread it down, and break it in pieces. As for the Ten Horns, Ten Kings will arise out of this Kingdom. Another will arise after them; and he will be different from the former, and he will put down three kings.” ~ Daniel 7.23-24
. . . or three of the Ten will be brought low, subdued, humbled. Might those three be the western leaders of the United Kingdom, United States, European Union? Because then that would be making sense right now seeing where they’re headed now and all dependent on the former mighty U.S. petrol dollar.
Powell is admitting that the petrodollar is dying. Ukraine is all about that. The multinational corporations and globalists are under pressure, and are flexing their muscles. They’re building a New Berlin Wall, and locking us in. Inside, we will live under tyranny and propaganda, liberty gone.
We have all been here before, from afar, but now it’s here.
Our tyrants have enemies outside their wall, but we must be their enemy inside the wall. Unfortunately, this will come about due to economic suffering, as you and I are gentile.
Inflation is taking off, and our masters are stealing the reserves of their enemies across their wall. Powell’s words just confirm what we already knew from that theft. The petrodollar is dying and inflation is coming. Ukraine is about building the wall and threatening dissenters within it.
They are afraid. People disagreed when I said Ukraine was about the petrodollar, and further that eliminating it was the only way we could restore our liberty, and defang the globalists. If their weapon is destroyed, they can’t use the US national debt and military for their will. The wall falls.
But first comes the economic disruption.
so right.
The Fed didn’t raise the rates to combat inflation.
the Fed is raising rates to break the European Central Bank and Davos.
the great Reset is on, but it isn’t the Davos reset.
Who they going to blame when the reckless spending policies of Brandon and Mitt’s “reach accross the isle” republicans, Brandon’s and Obama’s and Sullivan’s and Nuland’s and Vindman/Taylor/Kent/Hill/Yovanovitch‘s disastrous policies in Ukraine and Kerry’s war against oil finally succeed in termination of the dollar as the world’s reserve currency?
I can’t wait to see the crying when a cell phone costs $2,500 instead of $1,000 and gas costs us $10 a gallon WHEN you can get it.
The way Ben Shapiro judges the entire economy is how much he pays for an IPhone. Things will get interesting.
Sundance,
I cannot see the commercial banks submitting to any central bank edits like digital currency.
That would be committing suicide.
I cannot see Jamie Dimon submitting to the likes of German pedo eugenicist Klaus Schwab.
“A recession is when your neighbor loses his job; a depression is when you lose your job and the recovery starts when Joe Biden LOSES HIS JOB!” Paraphrase of Ronald Wilson Reagan Let’s start the recovery asap.
No Schiff Sherlock …
And WE NEVER VOTED FOR THIS CRAP! These megalomaniacs have taken a policy which, if presented in its entirety, is rejected by THE PEOPLE, and instead imposed it on us piece by piece, by executive fiat.
They NEVER consider that they could be wrong (and there’s a great deal of evidence that we are NOT warming), ot it might not be the will of the people, or that we might need a reasoned, evidence-based, transparent debate OVER TIME, to assess its truth, so we can make an informed decision…
Totalitarianism and bottomless greed…No wonder Christ said that the love of money is the root of ALL EVIL. That statement carries profound depth.
There’s a reason that I’ve chosen the following phrase as my pinned tweet:
“the confluence of a global health passport and central bank digital currencies is an extinction level event for personal liberty and privacy.”
el gato malo