Finally, a finance and economic discussion that touches on the critical component to inflation that no one dare say, or else they suffer political backlash. Although Mick Mulvaney, Austin Goolsbee and to a lesser extent, Rick Santelli, had to maintain the acceptable ‘pretending’ approach, parsing words carefully, at least this is one of the first times where the supply side (energy driven) issue of global inflation was discussed.
As the group collectively admitted there is no other option other than a “hard landing” that collapses the economy from the current Fed approach; additionally, Rick Santelli, blasts the relationship between the political central banks and the global leaders who have pressured this dynamic. WATCH:
.
Still pretending, but lessened a little. Hey, progress.
Amen, it’s so obvious what is driving consumer price inflation and asset deflation.
100%. but why are only a few of us getting this? That’s what I dont get.
“But why are only a few of us getting this?” I would direct you to the public education system…”You will learn nothing and be happy.”
Math is racist now.
How about the communist media?
So is diesel fuel. Heard it yesterday.
So are roads and appraisals. Biden is so overboard that he want to invoke reverse red-lining.
The mendacious teacher thugs are making hell for Arizonans who passed school choice recently.
Somebody’s gonna have to be pretty tough with them. We’re dealing with ORGANIZED CRIME HERE, AND IT NEEDS A STRONG ANTI-CRIME RESPONSE.
I’ll let you all imagine what that might be.
Surprise.
Because they are stuck in the LLM Lying Libs Media machine.
You have a false assumption. That those making decisions to affect the economy don’t know what they’re doing. They know exactly what they’re doing. The job, THEIR JOB right now is to collapse the USA in all relevant areas. That and only THAT is what a few of us get that most don’t.
Perhaps in one rare moment of sanity, they’ve realized they are not going to be immune to the terrible repercussions of what have been deliberately engineered and put into practice. When the avalanche starts, there will be no place to hide for anyone, no matter who (they think) they are or how high up the food chain they see themselves residing.
Even people like these must have some sense of self preservation. No man or woman is an island after all.
I think you might be right Betsy jones.
Some of these “leaders” might finally e realizing that they also will suffer.
That almost everyone is going to have difficulty at the end of all of these plans and that almost no one is going to get off scott free.
The smarter ones are beginning to understand the awfulness of what is going to happen to our country and most of the Western World.
The dumber ones still believe the nonsense that is being spouted about how they will be protected while the rest of us suffer.
EVERY ONE is going to suffer.
I’ll go even further, Chloe.
Should the time come, God forbid, as the WEF Agenda takes root here and we are forced to either submit or…
…and the Sturmabteilung are ordered to take up arms against the citizenry, those ordered to do so best remember they will not be serving in a foreign war in another country, with their families safe back home.
That is another situation when whatever happens, no one will be immune from the hideous effects planned for us all.
Perhaps the satanic Great Reset so beloved by tyrants, their hangers on, and governments in the West will eventually morph into a Great Awakening, with their conscripts finally realizing it will be a case for them and those they love (if there are such) of being eaten last, instead of being not eaten at all.
I think that’s a scenario worth praying for.
I want them to suffer first, so they will stop promoting this stuff over which they have NO AUTHORITY.
Including my life.
Musical chairs. Whoever is standing when the music stops will get blamed. Many will be grabbing chairs to avoid accountability.
Agreed!!
You are echoing what I’ve been telling family and friends since the JoBama regime was installed. They initially thought I was crazy, but now think otherwise given the homicide of our country they’ve witnessed each day.
I am not at all confident that its “only a few of us getting this”; they are called “bread and butter” issues, as opposed to “wedge” issues.
Trafalgar group which has a history of more accurate polling, BECAUSE it takes a different approach,..just released a poll.
90+ percent of those polled said they wouldn’t support candidates that are for defunding the Police, eliminating cash bail, etc.
It SHOULDN’T need to be asked; Nobody wants to live in the war zone Large cities have become.
Security is a “bread and butter” issue, NOT a “wedge issue”; bread and butter issues UNITE the electorate, whereas Wedge issues divide the electorate.
Energy and the economy are ALSO Bread and butter issues, and people WILL “vote with their pocketbooks/wallets” not only here, but in the EU.
However, if, in their awakening, they don’t understand the cause and effect of WHY things are so bad, they can be bamboozled right back into a worse “solution”.
Remember, they’re not too bright in the first place.
Critical thinking skills no longer exist. The young aren’t taught to think, only to follow the masses. Hence, the millions who took jabs with a non-FDA approved vaccine.
” but why are only a few of us getting this?”
Have you been in a fast food restaurant lately.
30 years ago my friends and I could run rings around these clowns who work there, including some of the managers.
That was when I was 16.
I think we stopped teaching kids back in 2000!
No it is not; at least from an analytic viewpoint.
There are the actors and there are the levers for “change” that have been in place for a long time. Supply side variables ( e.g., energy) certainly play a central role – but not the only one. There were many different players (e.g., governments, central banks, corporate CEOs {nothing like end-of-year bonuses and stock buybacks funded by negative real interest rate debt!), NGOs, International Agencies (e.g., IMF, BIS), corporations (e.g., market price fixing = misallocation of capital; inventory mismanagement)….and more}. It has been purposed to achieve more than just energy transition. There has been a huge concentration of wealth at your and my expense. Wealth that correlates to power and control that is inevitably expressed in the political domain.
From a wonk/policy pov, what needs to happen is a comprehensive, honest risk assessment that includes national objectives, International obligations, costs and benefits, real threats and outcomes – grounded in realistic probabilities (shhhh….science and authoritative/trustworthy data have a role).
At the very outset, there needs to be a “come to Jesus meeting” with the nabobs in the national/international communities (banks, investment agencies/firms), etc.) who have been pushing radical financialization of all assets and, dare one say, values. No mas.
Some of the interleaving inflationary forces that have led to what is going to be a tough many years globally looming over the horizon are listed below. Let us hope that the fixes don’t cumulatively devolve into rampant deflation. The good news is that humanity somehow always finds a way back to a healthy equilibrium – we just don’t know how lengthy the current excursion from common sense is going to last.
Apologies for mismanagement of parentheses!
Don’t forget the lack of a major war or world wide “event” like the fizzled, hoax Plandemic to cover for a “Great Reset” of the economy that has run its Central Bank/WEF/Deep State driven course. Happens about every 50 years or so and will continue until the world pukes up the whole Central Bank fiat based economic approach. BRICS is putting an alternative together and we shouldn’t be surprised if Trump joins them when he’s officially back in control.
Yup.
It’s hard to accept Climate Change initiatives/policies integrity when assessed against outcomes. It does seem as this is all about the oldest play in the book: wealth and power.
someone told you that or you figured it out on your own?
Serious question or snark?
How about INFORMED CONSENT?
“we shouldn’t be surprised if Trump joins them when he’s officially back in control“
That’s funny. I wish it could happen, but let’s be serious here.
Best to manage your expectations accordingly, else your disappointment will overwhelm you.
We are all walking that path.
Which means that Brazil MUST reelect Bolsenaro.
When the “government” does not initiate “new policy” to limit the cost/harm to its citizens, one can only assume it was the intention all along.
What will government gain by doing nothing? Why do they want chaos?
Control.
Spot on. They can not impose a Central Bank Digital Currency on the population without immense control of said population. Most of the population is on an unsound financial footing and the government is in the process of squeezing a good portion of the rest of us into the same boat. Money does not buy happiness, but, it does buy survival and it does buy choices. This crash has been over a decade (2008) in the making maybe even back to 2001 or 1913. At any rate, the globalists have pulled the plug on the world economy with US dollar as reserve currency. We must deprive them of power as soon as legally possible through voting. There is another way, Trump showed us. God willing we can return him and his policies to the White House and control of the country.
Do not revolt. Pray. There is time. Any uprising gives those in power the ability to declare martial law. There is enough time for that, if all the other boxes have been used and found wanting.
I am praying the imprecatory psalms. This is not salvageable, not resolvable except through divine intervention or massive death.
From this am’s reading:
“In the LORD I take refuge; how can you say to my soul, ‘Flee as a bird to your mountain; for behold, the wicked bend the bow, they make ready their arrow upon the string, to shoot in darkness at the upright in heart. If the foundations are destroyed, what can the righteous do?’
The LORD is in His holy temple; the LORD’s throne is in heaven; His eyes behold, His eyelids test the sons of men. The LORD tests the righteous and the wicked, and the one who loves violence His soul hates. Upon the wicked He will rain snares; Fire and brimstone and burning wind will be the portion of their cup. For the LORD is righteous; He loves righteousness; the upright will behold his face.
~Psalm 11:1-7
It’s like a drug for some people. I have a very bright friend who is an expert in sociopaths and psychopaths. He says that’s its almost a prerequisite today to work in gov’t…To be a psychopath.
We see it up close and personal now.
I won’t worry until the finanical media scaremongers manage to work “fears,” “concerns” and “jitters” into a single headline. Once that happens, there’s no saving us.
What happened to the last TWO QUARTERS (Jan-Mar, Apr-Jun) which were Declining GDP?
We are Already IN A Recession.
Major Pretending!
The Third Quarter will have declining GDP too. Biden’s spending bills have gotten us into this big mess. Inflation has to come down.
The national “debt bomb’ is what will kill us. We’re looking at $1.5T in structural deficits for the next decade. No one will survive this.
The politicos are trying to change those programs that have “trust funds” (LOL) , like Medicare and SS, because they have to reduce benefits in 4 years.
The unions are really using “Medicare for All”, so they can cover the structural deficits they are running. They’ll do the same with SS.
They have stolen all the SS “surplus” since the 1968 LBJ “Unified Budget”, used it to offset regular deficit spending, and financed much of the Vietnam War with it. Neither Dim or Pubbie administration’s have corrected it.
Medicare has NEVER paid it’s own way, collections were deficient from the start.
TPTB have to convert the entire system to a welfare system, or means-tested, to cover up the fraud.
Medicare has 4 years, SS has 6 years. If the Medicare system would allow payments to Mexican or S. American physicians to cover Medicare allowed care, the gov’t could save a ton of money.
Of course, their goal isn’t to give us care, it’s to put us in the grave.
Declining GDP is “baked in” as “the new normal” already.
We KNOW what would have to change, to reverse this slide.
End War in Ukraine, and open up the valves for oil to EU.
Drill, baby drill in the U.S.
However, that doesn’t happen over night, and doesn’t address the massive, profligate spending, nor the reality that BRICS+ isn’t going to recede; the countries joining BRICS+ are tired of being bullied by the WEF’ers, and “aren’t going to take it anymore.
At a certain point, the spiral becomes irreversible and unstoppable, even IF the Insane Idiots In Charge recognised what was “wrong” and what they needed to do, and there is NO evidence of such recognition.
Good to hear one “expert” (on the panel in the video) actually SAYING MMT is insane, and never made sense, but he is an outlier.
Santelli has been the voice of reason since 2008 at least, when I first started listening to him. But, he’s kind of controlled opposition. It has to do with how the Luciferians tell us the truth on the one hand and the lie on the other hand. The lie is the sweet enticing something something one wants to believe. The truth is usually hard reality. He is always on with Liesman, always telling the truth about the main street economy which wall street ignores. Then, Liesman finishes up by painting over the reality of main street with wall street fabrications.
Wall Street does not run the country. Wall Street depends on main street for everything, in the same way that main street depends on energy to grease the gears so things run smoothly and civilization progresses. This globalist fetish with green energy is a return to the dark ages. We must not let them succeed.
Yup, by the old definition (and most people’s) of a recession we are in one and it makes me wonder if the fed is raising rates so quickly so as to actually create a hard landing and then democrats can blame the recession on the fed moves and not the democrat/Biden admin policies.
The fed knows its a supply side problem and raising rates won’t help, so why do it and why do it so quickly when they know the end result? The logical explanation is they want that result.
Housing prices down? No problem.
Mortgage rates up? No problem, housing is down.
No pun intended but “the house never loses”.
The 30-year mortgage and secondary securitization market has divorced the price of housing from people’s wage base.
After WWII, houses were $10,000, with half down and the other half paid with 10 years at most. This tied the cost of housing to the local wage base, and fed taxes were 2% for a 4-person household. Local taxes (before the gov’t schools got their claws into property taxes) were small, costs were small and reasonable. Govt was small. Mom could stay home, and grandma could stay in her home.
Gov’ts have grown like a hydra, and with more heads. It eats us up, on every front. Parasites.
The parasite is devouring the host. The host will “pass on” shortly
1000% nail on the head. Our greedy government is the problem.
The Fed has 2 choices: raise rates and go along with this administration’s policies OR blow the doors off the narrative and blame the admin for the policy outcomes.
Since none of the Fed members want the FBI swat team at their door, they are going along
Unless honesty returns, there is no fixing this. Prepare for crash landing.
interesting. I actually never thought about it like that. The Fed is essentially being held hostage. Actually that makes a lot of sense.
Held hostage, along with every other federal agency that used to have courage, a desire to speak the truth, and a moral compass.
Gotta say this about the progressives: When they set out to fundamentally transform something, they leave no stone unturned.
All of the federal agencies have local and state branches just as bloted and corrupt as the parent agency in DC.
And they can do it because evil millionaires and we taxpayers are picking up the tab.
We have to work and produce.
The Fed is not an innocent victim. They are the central bankers who have and do profit off our debt based gov’t criminal cartel. Janet Yellen and Jerome Powell et al are part of the problem.
I never ceases to amaze me just how few people have the courage to be honest. It indicates a lack of faith in God, which is, of course, the reason why we are in the mess we are in.
Please, “$oro$ sleeps with the Clintons” created mental images that SO grossed me out, I wanna puke! Gonna pour bleach in my ears to try to erase them!
Don’t do that! We need more of those sick mental images, maybe they will eventually get through some very thick skulls! Nothing else seems to be working!
That is not what is happening. Congress ignored its fiscal responsibilities. So, the Fed has no choice. The Fed’s policies were at the end of the can kicking road late 2019, when Covid 19 brought the world’s economies to a halt. The Democrats have destroyed the oil policies that were keeping main street afloat. This threw oil on the fire of inflation. Then, by taking Russia’s dollar assets they increased the pace of the global movement away from the US dollar as reserve currency.
The Fed’s choice is raise rates and attempt to keep the dollar as a currency or hyperinflation and the destruction of the dollar as a currency. Both options are hugely destructive to the main street economy.
The FBI will NEVER show up at a Fed member’s door. The Fed members work for the people that control the currencies of the world.
I wish the Republicans would deport this monster and seize his assets as reprations to the US treasury for all the misery he has paid for.
Nah, they are going to blame Trump. Everything is his fault.
They will blame the new congressional majorities.
I’m thinking this is partially why McConnell isn’t trying to win and is sabotaging Republican candidates.
McConnell is working for China.
No, not really. Months before his last reelection, he was polling at 30 percent.
EVERY State has a corrupted State R party; in some States like Kentucky, they insure the GOPe candidate wins (and yes, Rand Paul IS “controlled op”) in other States like California, they just roll over and play dead.
Just cause a traitor like McConnell or Graham gets reelected, doesn’t mean he got legitimate votes.
Yes, McConnell won legitimately. We could not primary him. We tried. In the general it was him or Amy Mc. We sent McConnell back. The problem is he is Republican leader in the Senate. We do not vote for that.
McConnell was helped by Trump. Mistake on Trump’s part.
I voted for McConnell. Am I one of those fools?
Would have rather we sent McGrath?
Who would have done less harm….sent McConnell back to leadership!
What is encouraging about all that is the only candidate the KY Dimms have to put up is “I’m A Liberal” McGrath. She has run for Congress and the Senate in the last elections and lost both, but they keep nominating her. If that is all they have they are truly at the bottom of the barrel.
What I didn’t understand at the time is how, when every other race, congress and all of the state wide seats up to Attorney General were won by Republicans by a 60/40 margin, Dimm Basheer’s beat Rep Bevins by an RCH after waiting all night for the vote to come in from Louisville….. Oh, Wait a minute.
Now all I don’t understand is why the rest of the Legislature and the AG allowed it to stand and didn’t investigate it.
Bevin was a terrible politician with remarkably good ideas. He tried to change teacher retirement and Medicaid at the same time and did not have the political skills to pull it off. He alienated people on both sides. The amazing thing is that he did not lose by more. The Legislature thought they could work with a relative moderate like Beshear, but Andy is not Steve and then Covid hit and his inner totalitarian came out.
Maybe he will retire there with all his ill-gotten gains! The sooner the better!
He only had 16% approval level before his last election. I don’t think he won.
Sorry but if McConnell wanted to help our country at all he would’ve done something the last 12 years. No he’s working for China. The hand that feeds him and all the other gutless wonders in power.
No, he’s doing that because he is vain, corrupt and selfish. He knows that republican majorities are going to want reform, which would likely end his leadership role. So, he’d rather the party be a podunk, also ran second rate loser party, so that he can retain his personal power and fiefdom.
It’s like trying to vaccinate your way out of a pandemic. That worked,didn’t it? FJB
The fed is going to skip the recession and go directly into a global depression.
Sure seems that way doesn’t it? Then when the global depression happens they’ll claim WHAT HAPPENED? Then blame Trump.
Though he was very careful not to mention oil and gas restrictions by the Biden administration via green energy agendas, the speaker implied by talking about coal and nuclear in other nations that it is energy that is at the root of these problems.
So much of our heating is dependent on natural gas – either in natural gas furnaces or to drive electricity production – I am concerned about what will happen this winter if we are having to provide LNG to Europe.
I just now read that frozen and fresh food producers in Germany wrote a letter to Sholz and Habeck warning that they may have to stop production and that refrigeration centers may have to close due to high energy prices, according to Die Welt.
Germany is worried about their economy collapsing.
With very good reason. But the leadership is still following the WEF instructions to continue more and more sanctions that are only hurting themselves and send your tax dollars to Ukraine. You don’t have to worry about your citizens; just tell them how grateful they should be to help poor Ukraine. The powers that be really do think that their citizens are stupid.
Too late.
Meanwhile, natural gas and electricity are in bed together…that is no mistake, I am sure.
Supermarkets will not have frozen foods and diary products requiring refrigeration will be limited. Powered milk anyone?
Goats. It takes fertiliser to grow the crops to feed the cows, energy to milk em, diesel fuel to transport, electricity to keep refrigerated,…goats are easier to raise, than cows.
Many parts if the World, 3rd World admittedly, most households have a couple of goats,….
Or, you could just eat bugs,….milking them is REALLY tricky, however!
Get some Morning Moos powdered whey powder. It’s yummy and I’ve loved it for 30 years. Sometimes on Amazon, I can get it for $17/ #10 can.
Astute. Yes, it is energy that makes our vast population possible. Florida depends on natural gas to power its energy plants. With the exports to Europe, our bills will rise.
Its quite painful to watch people speaking, without speaking…
“Everybody’s talkin’ at me
I don’t hear a word they’re saying
Only the echoes of my mind”
just loved Harry thanks Rtr
Funny thing about that Nilsson song was that it was his biggest hit but he didn’t write it. And many of the songs he wrote but did not sing were huge hits.
I think it’s pretty obvious that this will be a really hard landing. Most days, I’m enough of an optimist to think that we can come through it on the other side and we WILL own something and we WILL be happy. Other days I fear that this time really will be different and we’ll end up being serfs. Sigh…
Can’t go through another 2 years of this insanity. Heard Trump at his rally last night. He can’t hint any harder….said even a 3rd world country would be throwing sticks and stones at this point. He is right. Where are Patriots?
It’s certainly going to divide sheep and goats. Desperate people do desperate things.
I spot a continued misunderstanding of the way Democrats think:
Their methods seem illogical when viewed through a rational capitalist eye. However: money is not important to them. Print it, inflation, who cares?
Their standing is not based on finance, but on party standing. Think social credit. Good Boyz n galz get yachts. Trumpists get to go to camp, auf Wiedersehen.
Inflation and taxes will bankrupt huge swathes of homeowners, leaving the communist Blackrock etc to buy foreclosures.
Think what communists want, for others, of course:
Tiny apartments in huge grey apartment blocks
Stinking packed busses.
No flying.
No parks.
No meat, fish, even eggs. Insects it is, or soylent green.
No bars.
No free press.
They confuse 1984 with an instruction manual, not with the warning it was meant to be.
They will have parks gotlr the elite, think Brave New Wirls, while they as in Animal Farm catouse and wallow with jets, cars, villas, yachts, flight to sunny climes etc etc.
THAT is why money does not matter, and they seem insane
They underwent a mental paradigm shift.
Dems better “Snap out of it”, and start drilling.
They found their missing puzzle piece…Joe Manchin
Consolation is many think they are “in” when they are not
Even at the decision maker level, they will find themselves just a useful tool for old Klaus.
The middle class screeching libs ‘who voted’ for this, will also suffer. That s the good part.
Very good summation.
The rising interest rates, inflation and taxes are being used to crush what the leftists call the “ownership society” that own hard assests (Houses, businesses, percious metals, etc.) and leave behind renters. They have a pool of those type of individuals now in the Millenials. Most in that demographic currently rent apartments, take public transportation or use Lyft/Uber to get around, use online shopping, etc. This play by the WEF is tailor – made for them.
How long are they gonna feel safe and secure I wonder.
“They confuse 1984 with an instruction manual, not with the warning it was meant to be.”
I just said this to someone today!
The cracks in the dike are starting to leak. But mainstream media will ignore supply side and continue with demand side focus. They will spin Germany and UK supply side recent plans or ignore them entirely. Republicans should make the democrat supply side disastrous policy a major election issue but likely won’t
The UK just received sweeping tax cuts, and they lifted their ban on fracking.
Yeah, but the banks won’t fund any fossil fuel expenditures.
Probably take two to three years until anything would come to market.
Need to have materials and energy to build the infrastructure ie pipes, pumps, compressors, bolts etc.
I would guess that the old system of wildcatting may make a return on a grand scale. There will be people selling gas leases on cable TV between the Camp Lejeune and Fruits and Veggies ads. A lot of oil and gas exploration in the past was not financed by banks, but the system was full of crooks. There is a lot of money to be “made” when you sell a 1/8 share in a well 100 times.
https://www.dailywire.com/news/americas-top-bank-executive-nukes-rashida-tlaib-when-she-pushes-climate-alarmism-absolutely-not
Dems say “Vote blue no matter who”
I say “if not Trump, I will dump” 😆❤️🇺🇸👌
How about: “Vote Red or you are DEAD!”
From the beginning of Biden’s presidency, Sundance has been like a siren calling out into the dark to warn about how Biden’s energy policies would lead to inflation and eventually recession. He called it, and I can’t think of anyone else that did.
It isn’t that complicated, yet nobody else was sounding the alarm. I remember the days when it was understood that every time oil went above $30 a barrel we got a recession. Today that dollar value is higher, but the basic principle is the same.
We are already in a recession.
Yes, but the Fed’s failure to promptly respond delayed the recession, and Biden’s nakedly political release of a million barrels of oil a day from the SPR also helped disguise it. Unfortunately, despite all the king’s horses and all the king’s men, these actions (and Biden’s Inflation Reduction Act) will only make this recession deeper and harder to recover from.
The globalists want a reset not a recovery.
Steve Bannon, Peter Navarro and Steve Cortes have been all over this for months. Watch the War Room and you will know whats coming. It’s going to get ugly. But we can win in the end. Get involved.
I was just going to type the exact same thing
i think it’s been about a year for Navarro.
Between CTH and War Room you are covered.
It’s pretty clear to me that Deep State DOJ is going to take out Bannon and Navarro and make them political prisoners for some time. Any ideas on how/if War Room continues during that time. Bannon gets sentenced in a few weeks.
He will appeal.
Thanks, I was about to reply to this. (I am no fan of sweeping inaccurate negative statements as I’ve said here many times.)
My two major sources are CTH and the WarRoom, and I’ve found them both extremely educational.
There are also plenty of other good sources, especially Lou Dobbs.
Me, too. Have loved Bannon since he took over Breitbart News when Andrew was murdered.
Wicked smart, wide experience at high levels in many things, fearless, takes no prisoners.
Without CTH, Bannon, Zerohedge I’d be part of the clueless. My question is when will our economy collapse? 1 month? 3 months? This week? Tomorrow? Inquiring minds want to know.
Me, too. Hope your namesake does not visit East Florida this week.
I think the answer is nobody knows. It’s a big complicated interconnected system, lots of moving parts moving in different directions.
There are the globalist plans for total destruction and monetary reset into central bank digital currencies in December. There are MAGA plans to overturn Congress and enact laws to prevent all of the above and restore our energy footing and with it our economy.
Best advice ever!!
God Bless Bannon. He is called to this, and he knows it. That’s why he said they would have to kill him first.
Sundance and “Trump” right about everything!
And so was the late El Rushbo, “99.8% of the time, with talent on loan” funny thing is it was Rush who turned me onto CTH..
Same here!
Navarro, Cortes, Bannon & Brat.
Trump warned the country. Too bad the left stole the election. This wouldn’t have happened under him! MAGA he did.
Navarro and others on Bannon have also been sounding the alarm. So, has Zerohedge.
Hard Landing = Crash & Burn. FJB!
Too many people are dangerously unaware of the Fed’s intention to introduce a Digital Currency in December. After which they plan to move rapidly to eliminating cash as a legal currency.
This is the WEF/UN Globalists’ wet dream of enabling them to eliminate western nations’ debt (due to decades of irresponsible extreme overspending) and banks’ cash holdings requirements while simultaneously imposing a Chinese Communist Party-inspired Social Credit scoring system on U.S. and all western nation’s citizens.
They have everyone distracted by deliberate shortages of food and energy and hyperinflation, while they prepare their ultimate New World Order weapon to launch very soon.
Be afraid! Be very afraid.
Not sure “being afraid” is useful.
Being aware and prepared to use countermeasures (demand every store accepts cash) is what’s going to help the citizenry push back effectively.
Having hard and liquid assets is what will help provide a bulwark against the WEF Communists.
Invest in hard currency. Gold, Silver, & Lead.
The social veneer is already dissipating, What do you think happens with a Hard Landing???
Or more likely, since these pundits are lying, a CRASH.???
People are Oblivious of Reality-based Facts, imo.
I was wondering maybe it would be good to stock up on
gift card like for gas and groceries and other things
I assume those are still good when digital currencies
comes in.
Maybe, maybe not. They can always call them in for replacements.
And what will you do if they outlaw PMs? Jow will you use them? They are no good when you can’t use them.
Be prepared to be accused of “hoarding” and “black marketeering” although they WILL have to come up with a new name for that.
“Digital currency will enable the Government to insure all of our limited resources, food, energy, etc. are distributed equitably.”
That will be the ‘sales pitch’ and once ‘things’ get bad enough, MANY will fall for it.
Hard assets, indeed. Once the $ is worthless, ammunition is the logical alternative to cash. I don’t mean to shoot people, I mean as a logical, universally recognised CURRENCY.
They have a government agency named for the best alternative currencies, they just don’t realize it: Alcohol, tobacco and firearms (includes ammo).
This might be the last chance to buy guns at private sales, and ammo for cash at gun shows. ATF is already coming after people based on “lists” and databases the local governments who grant concealed carry permits and gun shop sales records have turned over.
I suppose that will make older guns with NO PAPER OR DIGITAL PRESENCE quite valuable, yes?
I have a shirt I bought at a gun show. It says “Alcohol Tobacco and Firearms, who’s bringing the chips”
It will have multi uses.
Alcohol as well…that is if you can keep from drinking your barter asset.
faith over fear
Absolutely! Through the grace of God, we can persevere. We may be called to be martyrs for Jesus, but, we will not be separated from Him.
And they will try to ‘sell’ the digital currency, under the guise that its the solution to the problem THEY created.
Cause THATS what they always do; its not “never let a crises go to waste” really.
Its #1 figure out what policy you want to implement, then create a crises, phony or real, SO THAT you can implement that policy, and use the crises to justify it.
Need massive mail out ballots, in order to steal an election, release a relatively benign, but NEW virus, manipulate the healthcare responce to it, to make it look far worse than it is, and bad enough to justify mail out ballots.
Create “Climate Change” as a CRISES! in order to justify the great reset.
Crash the economy, and use the CRISES! to justify switching to digital currency.
And the same idiots we saw driving alone in their cars, wearing a mask, or standing in line for hours in the cold and rain, with their kids, to get the jab,..
Will jump at the chance to switch over to a digital currency.
It will be the patriotic thing to do, for the kids, to help Ukraine, and God wants you to do this, all rolled into one.
And anyone who doesn’t embrace the digital currency, is a lousy Putin loving MAGA-REPUBLICAN rascist, anti,-democratic so and so!
Just like “two weeks to flatten the curve”.
If the people of Ukraine, are like the immigrants from Ukraine, that I work with, I think I will pass. Let the EU help Ukraine.
I don’t blame the Ukranian people (though there are angels and devils amongst them as in any other group – and the neoNazis there are certainly the devils).
I blame the Xiden Regime, the WEF, and the EU mostly. Putin hasn’t been an angel either but the others started it and actively fought to prevent a negotiation to end it! A pox on all their houses…
That part “Need massive mail out ballots, in order to steal an election”, this election everyone needs to vote on election day if possible, in person no exceptions and be prepared to hear “ oh, you’ve already voted” (Fulton, Atlanta) and if so RECORD and if possible go to local sheriffs and file complaint and record this also. In 2020 AZ and GA combined decided by less than 30,000. Plus the down ballot candidates
Even if everyone votes, the software in the voting machines can tweak the results. Ever heard of “ranked balloting” and “fractional voting”?
The Left CHEATS , everyone here knows. Vote election day in person if possible and monitor YOUR poll district/precinct for total number of voters and vote tallies and RECORD if possible.
If you serve as a poll watcher, be sure to know when the truck will come by the polling place and pick up the ballots.
Have a car outside to secretly follow the truck, record the stops, film what you can (surreptitiously), and establish a chain of custody.
I know from experience.
You are simplifying, and thereby mischarachterising the role if the machines in the cheat, and thereby serving the cheaters.
The Machines are just ONE component, and without the other components, machines can not change election results.
We have a proven track record; we KNOW what works, PDJT said it at his rally yesterday;
Swamp the vote, to defeat the cheat.
By your post, you feed into the narrative of “Whats the use of voting, they will just use the machines to steal it, again.
DISCOURAGING people from voting, which is voter suppression, and lowering the MAGA turn out, is exactly what they need to cheat.
WHY are you “giving aid and comfort to the ENEMY”?
THANK YOU!
Exactly correct, Dutch.
Count me as one of those you described in your last sentence! However, I don’t “love” Putin; I simply understand and respect his desire to keep Russia out of the globalists’ control.
I know, GB, its in quotes cause its what THEY will say.
Don’t love him either, but I DO respect him, far more than any of the WEF installed leaders.
Ok Dutch. The quotation marks aren’t showing up on my monitor, else I would have understood your reference. We are both on the same channel here. 👍
The Fed will have to pressure Congress to pass legislation to change the currency. Bidumb cannot do that by Executive Order, either.
I know this is fact. But, it is also a fact that Congress has allowed the Democrats to put the country into this predicament with almost NO objections, whether their acts are lawful, constitutional or not. So, I have little hope that Congress will do its job unless it is a MAGA congress.
On the other hand, I do not believe such a transition possible without the populations’ cooperation. Nor do I think it is a simple matter in this country. There are many without bank accounts. There are many that use only cash. There are many businesses that run on cash.
I hope we have both houses and some with balls that will squash that effort. Make no mistake there will be a huge effort to cheat in key states.
Martin Armstrong’s computer, Socrates, says that they will not succeed.
I do small market corporate bankruptcy turnaround, liquidation, M&A.
Once the artificially propped up businesses start to collapse, both big and small, it is going to set off a chain reaction that is going to be difficult if not impossible to stop.
You have energy creating inflation, government induced, and all of the direct and indirect costs associated with the rise in energy. You have the FED and most other central banks raising interest rates to quell the inflation caused by the government induced rise in energy costs. On top of this, the printing presses have been running over time creating another inflation factor. This free money which has been propping up segments of the economy and many zombie businesses is running out. This is all forming into a tsunami wave the likes of which we have never seen.
As these businesses, big and small, start to collapse, the layoffs come, vendors not paid, taxes not paid, and the loss of market for suppliers and sellers of goods and services. This will spider web out. The market has always in the past always come out stronger after a cleansing of bad business. This has been put off for the past 10 years through government interference in the normal business cycle.
Over the past 20 years, small and mid-sized businesses, the backbone of America, have been driven out of business, consumed by larger businesses, or simply kept from even starting by a host of governement, big business, advocacy groups, and others.
Most of the Federal Trustees, bankruptcy attorneys, CPA’s, think this is going to hit very very soon. The water has receded from the beach and there looks to be one helluva big wave coming.
Run for the hills. Prepare yourself. Now you will know why Grandma and Grandpa NEVER wasted any food. Reused everything.
And, the Ukraine crap is a major driver, and the WEF side has vowed the only acceptable option is Russias unconditional surrender, which ain’t gonna happen.
And, in addition to far too many businesses drpending on credit, far to many individuals and families are, as well.
Got off credit slavery 20+ years ago, and moved out of the city, and picked a relatively safe place to watch the end of civilisation as we know it.
So, am on ‘high ground’ and will watch the wave come in.
“Got off credit slavery 20+ years ago, and moved out of the city, and picked a relatively safe place to watch the end of civilisation as we know it.
So, am on ‘high ground’ and will watch the wave come in.”
We are so like minded and identically positioned. It’s so depressing watching this slow motion train wreck while so many Americans are taking a nap on the tracks. My only hope is knowing that this country was founded on revolution. Is the American spirit dead? We’re about to find out.
I’m partially prepared for an emergency, some people who find out that I have food and water stores say while laughing “I know where I’m going when everything comes down” I laugh back and say well if you do? You’ll find out the other stuff I’m stocked up on. You won’t like that very much.
My neighbors are brain dead. Sigh…
Good for you brother! I’m still on low ground, about 60% ready, but not ready enough as I should be. I still use my credit card just for convenience . I save ahead of time for anything I want to buy then charge it and pay it off when the bill comes in. Shame we can’t know exactly when it all comes down. We could buy all kinds of things we need on a card. And the bill will never be sent! LOL
We need to start hating on walmart again. They started this avalanche about 30 years ago.
When did we “stop” hating on Walmart? 😂
It just dropped down a notch, giving the crown to Amazon
As part of my income, I monitor the liquidation auctions. The number and size in increasing dramatically. I will be participating in an auction next week of a huge manufacturing facility that will take four days.
Private estate sales are increasing, too. This is due to vaccine die-offs.
Ate beans and rice for dinner or crackers and cheese.
Drilling and increased energy production was a key component of Reagan’s slaying of Carter’s inflation (it wasn’t just Volker raising interest rates).
Doing the same thing now — increasing actual wealth to help absorb the insane dollars created out of thin air — could help lessen the inflationary damage and eventually tame inflation … not to mention avoid what appears to be the coming, intentional Starveflation.
Remembering it was Rick Santelli who had the on-air meltdown that set the Tea Party in motion; so when he speaks one really should pay attention!
The pretending is strong:
WSJ pushed a notification that in spite of inflation, consumer spending was up 0.3%. Statistics miraculously just sneaked into positive. Then later in the same day they pushed the Fedex volume crater.
Pretending.
WSJ is just a schill of money interests.
Why pretend Sundance?
The big holds need time to unwind positions. They already own so much of USA that if they dumped, the sell-off would crash the markets and they lose hugely. Instead, they sell out gradually and need the dollar-cost-averagers ( working stiffs) to buy the securities they sell. When sufficiently divested, they will permission the war, then they will go buy what they sold at half of what they sold it for.
Sundance, the pretending isn’t a psychosis, it is a variation of the pump and dump.
Remember they passed the Inflation Reduction Act? They are going after the IRAs.
You gotta admire their style. (Think Patriot act used to target patriots-same/same with IRA act)
There is no Pretending, only a period of slow wealth de-risking before they intentionally blow up the economy. The
Parents were getting kids ready for school That is a huge expense that parents must spend money on.
And can ‘save’ on, if they home school.
Media orgs ought to be the first thing in our sights if we get enough momentum to take leadership rolls.
Freedom of speech and what the media does with it ought to be a crime. A serious crime.
It’s NOT going to be a “hard landing”, it’s going to be a CRASH LANDING! Remember it WAS the Federal Reserve’ “policies” that helped CREATE the 1929 Depression. History sometimes has a funny way of repeating itself!
Never forget Goolsbee lecturing us all on violence in Chicago. See, it didn’t matter because it was gang warfare kinda hurt. We have to understand the difference.
MMT Roflmao. What a scam of all scams. Its compacts so nicely with climate change. Funny tho the can has been kicked and it just hit the wall. Personally I can’t wait for the Austin’s to feel it creep up their neck.
Love Rick Santelli. Excellent talk with very smart people.
Santelli has always been ‘the man’…. love him too.
For the finance experts out there…
When one does a stock quote investigation…almost all of the ‘big guys’ have a line where it addresses “socially conscious”. And the answer is either “yes” or “no”.
The big guys all have a “yes”, or at least the ones I look at.
Follow the money.
Vivek Ramaswamy, mega-smart business entrepreneur has started a small family of funds that are NOT ESG, or anything like it.
https://www.forbes.com/profile/vivek-ramaswamy/
Some think we’ll be fine, “we had high inflation in the ’70’s, remember?”
Others suggest:
The difference is, in the ’70’s, the US industrial engine was still on top, and the meritocracy was still fairly potent. So the US recovered.
Since then, identity class quotas have decimated the meritocracy, in all spheres. The profound blighting effect of this cannot be overstated.
Because it also corroded education, it created an additional negative feedback loop bringing things down even faster.
The government has kept it all propped up with fiat money printing and growing debt, plus social entitlements and propaganda.
But in parallel, US industry was decimated. The captains had no other choice – everybody shifted to offshore sources as the US became increasingly handicapped with “equity” and socialist government burden. Globalism grew on producers like China outperforming US sources at a fraction of the cost. (They have no identity class quotas, no social
entitlements.)
Annnd…here we are. The strength that built the US has largely dissolved. Identity class ideologies are metastasizing to stage 4 terminal, the cancer is in all the major organs. The patient is on life support.
The stage where the elites now maneuver to achieve a “controlled demolition” that leaves them on top.
The end state must include a means to keep the body alive, that will be the Eurasian hegemon headed by CCP controlling the US as vassal, veiled by official propaganda.
The corrupted US government figures, the globalist elites, Russia, and the five eyes are helping to facilitate the transition in exchange for position in the NWO.
The plandemic was the inflection point, starting the structural fall.
It looks like they are getting ready to set off the main charges to complete the demolition. (WWIII, which provides the ultimate emergency to discard constitutional rights, impose digital ID and CBDC, and “reset” the debt and monetary system.)
Russia mobilizing against US/NATO aggression that is not letting up, should be a wake up siren.
Your timeline is off. The rust belt formed in the 1970s, accelerated in the 90s, long before DEI became a thing.
AlsoChina is fighting their own internal monetary collapse. I just don’t see China on top. If at all possible, China has far more debt than the US.
DEI is only the latest name for the current form of the identity class politics. It is the same thing that started in the 1970’s, except now worse because it has morphed into the neo-Marxism malignancy metastasized into everything including education.
In the ’70’s, the movement started with the identity class quotas driven by The Civil Rights Act of 1964, including affirmative action and the quotas favoring women. (There are qualified people in all groups, but the quotas exceeded the available qualified candidates and the quotas have been #1 priority, behold the results.)
The rust belt was only starting to appear in the 1970’s, as the cornerstone US automotive industry floundered under UAW corruption hamstringing them trying to meet tightened fuel economy and emissions regulations, and the Japanese automakers were ascending, but US industry overall was still largely strong at that point. The decline accelerated in the 1980’s as first Japan, then China and other competitors, out-performed the US players. Downhill for over 40 years now.
Anything we hear about China is suspect. Even more than the propaganda we are fed about the US, which is suspect. One of the tenets of The Art of War is the approach of making the adversary believe you are weaker than you are – this is the culture that produced that book. And the US government is perhaps the greatest propagandizer of Americans now, ever since the SMMA.
Adding to glassbreaker’s incomplete view:
Before the plandemic, the climate change canard was developed for years. Then the plandemic was created, worsened, and prolonged by US manipulation, this caused the economy to take a sharp turn downward including inflation. The damage from this is structural now.
Then on his first day in office and ever since, biden has been hobbling US energy, increasing inflation, and setting the stage for the next moves: Provoking Russia to invade Ukraine, then imposing Russian sanctions worsening western energy -driven inflation and causing knock-on problems like food supply constrictions due to fertilizer and fuel constrictions.
All pushing everything down, down, down…setting the stage for WWIII to bring about the end state.
Unions also priced themselves out of the market in many industries. Coal miners earning $95,000 in 1995, car assembly guys were the same, steel workers.
My own employer, Pan American Airways, was partially done in by unreasonable demands from unions.
Many of these ex-union workers still think they’re worth that much, and they’re just not, never were.
It will only be called a recession tbe first quarter after tbe GOPricks take legislative control.
These people are either stupid or so politically correct the truth would send them scurrying into the safest hole!
We saw this coming a YEAR ago when they stopped bringing the ships in, and claimed all kinds of nonsense. That would be about the time the forced jabs were being pushed by every idiot who had a megaphone. Hell, this was the PURPOSE of the forced jabs! To stifle the supply and demand of our economic structure, to force people to stay home and order what they needed from Amazon or whomever.
Maybe they just think we don’t remember. I do.
I still am getting the cold feeling many citizens are going to eat each other rather than coordinate to fight, kill, and defeat the real enemy and their soldiers. Instead, they’ll be glad-handing the soldiers, picking through their neighbor’s pile and fancying themselves as the next Bezos.
This dynamic reaches far beyond economics. It’s economics being used to kill us. Like biological warfare. Oh, well.
Attacking artificial supply side inflation caused by “the great reset” with real demand side interest rate hikes..what could go wrong?
The Fed knows there is no “soft landing”. That is a talking point the Fed is using to move the Overton Window to get the public to not revolt as they Reset the US Economy. Just replace the word “soft landing” with “transitory inflation” and you will clearly see the game the Fed is playing.
Here is what they are doing:
1) Reset which businesses survive through government subsidies (see Inflation Reduction Act—I mean BBB—-I mean Green New Deal )
2) DC policy puts forward more helicopter support to offset rising consumer prices (see UK this week)
3) Stagflation takes hold at a high enough rate for long enough to devalue the US debt (see $30 trillion in national debt be the amount needed to buy a cup of coffee)
4) Move to CBDC
If only we had a President that understands economics. If only we didn’t have a Deep State plotting our destruction. If only we had representation by people that love America. If only….
This is how much they hate us.
This whole thing with inflation is proof, at least to me, that there is a globalist cabal that controls things. The cause of inflation is so blindingly obvious for anyone with half a brain, it’s because of ENERGY.
Yet conservatives still fall for the false Milton Friedman narrative “inflation is always and everywhere a monetary phenomenon.” When the actual correct narrative, also attributed to Friedman, “too many dollars chasing too few goods.” It’s the “too few goods” part of that equation that is driving inflation, not the “too many dollars.”
That few people see this boggles the mind. Or at least few people CAN say this outloud.
But when you realize the globalists want a decline in consumption for regular, middle class Westerners it all makes sense.
Focus our ire at the Fed and the globalists walk away scot free. It’s crazy.
The central banks run the world. The globalists work for them. Friedman was 100% correct. The too many dollars chasing too few goods has been going on for decades, a constant state of inflation. Were it not so, prices would stabilize or drop. The Democrat policies of restricting energy and pricing it sky high, have resulted in a drastic reduction of available goods on the heels of a pandemic that also caused a drastic reduction of available goods. When people are paid to stay home, fewer goods are produced. The competition for fewer goods results in higher prices. The text book definition of inflation is the devaluation of the currency. Inflation and higher prices are not equivalent, they may or may not be correlated.
There is a terrible harbinger in my area. We have a small salvage grocery that buys out of date, damaged and failed marketing goods. It is going out of business. There is too much competition for the limited amount of available stock. This bottom end of the supply chain where prices are low can not find enough low cost stock to keep shelves full. Their costs are increasing, there is not as much available to purchase and their business model is attracting new customers. There is not enough cheap food for the customers willing to sacrifice quality for cheap.
Good info.
Just needed to add that my electricity bill increased by 150% from July to August even though my consumption dropped by 500kWh. yeah that’s an inflation caused by the Fed, eh??? And yet even supposed conservatives fall for the fake narrative that the Fed is causing this.
It’s all energy, all the time. Any right-winger who can’t see this is either an idiot or part of the GOPe. Reminds me of Newt Gingrich sitting on that bench with Nancy Pelosi in 2008 or so. Such a clown show
Wrong. Inflation is by definition caused by the Fed, it is the devaluation of money. Higher prices is not equivalent to inflation. There are many reasons higher prices occur and they do not occur evenly throughout an economy. Energy is the baseline resource needed to produce all goods in an economy. So, if it is unavailable, harder to procure, it becomes more expensive and ripples throughout the economy. The banksters devalue the currency with the support of a spendthrift Congress that refuses to budget.
A lot of us have been saying for years that people (politicians and the voters who demand this stuff) need to be taught a painful lesson about the horrors of getting addicted to the heroin of cheap money, massive government spending, and cheap money fueled equities/stocks.
I bought my first house in 1994 on a 6% VA loan…and felt like I got a good deal on the rate at the time. People act like 6% is the end times now. Our old money market account used to make a steady 5-7% return. You can’t find one over about 1.5% now (ie losing money due to inflation).
And instead of buying a simple house within their means, everyone thinks they’re living an HGTV show buying a house loaded with on trend options and other pricey upgrades. Then they complain about the lack of affordable housing. They have no idea that you can’t run an economy on wind power.
The big problem with the hard landing is that it won’t affect anyone in Government. The GOP’s “commitment” (lol, how far we’ve fallen from “contract”) doesn’t say they’re going to repeal the Green New Deal energy bill. It doesn’t call for the end of the war with Russia. And it doesn’t say they’re going to cut departments by 25-30% as is needed.
The party will continue in Government.
Last year we got a reverse mortgage with a line of credit of $150,000. The LOC “earns” interest at the same rate of the adjustable interest, which was 1.99% when we closed on the HECM but is now 4.85%, so we’re getting a nice “return”, even though if whatever we draw against the LOC gets tacked onto the loan. But since neither the LOC or the mortgage has to be paid, it’s a win-win for us.
And yes, we have plenty of equity remaining that can be passed on to our heirs, should house prices hold or don’t dip dramatically.
Most people don’t understand the power of a reverse mortgage for seniors. It’s a smart choice in the right circumstance.
What happens when you can’t afford those fixes that are required….can’t afford the RE taxes? The required Home owners Insurance goes sky high?
Many years ago, I worked for a contractor that told mr when he started out in the 1950s, he had a very successful project; he built a tract of “unfinished homes” here in Az.
Slab concrete floors, finished smooth but thats all.
Drywall only behind the cabinets, so they could be hung, etc.
Selling for 75 percent less than finished homes, they sold out fast, and most of his crews and subs bought one, and then did “side jobs” finishing the houses.
“Can’tdo that now, no one will loan on a house without flooring/carpeting, dishwasher, all the latest bells and whistles.”
And with VA and FHA setting the pattern, the government dictated these changes.
I agree there are those GOPe that WANT the status quo…also first win an election….no can do with your list….but after the election it will become a must do.
The Mexican people know whose to at fault!! American gobermnt. President Trump Won!!!
The FED kept interest rates low to prop up equities and make government debt cheap. Talk about dependency. Don’t even mention State, City and teacher pension funds that were already grossly underfunded. Any talking head moron that foresees a soft landing is shorting the market. Democrats that see that 401k plummet are saving the planet at our expense. Most of them that actually work get a defined pension from a government.
That 401K, as one example, giving the enemy the sweat off our brow, the time away from our loved ones, is ammunition in their battle to kill us. Think about it. All for the promise of ‘making money’ and ‘security’.
If only people could see what a weapon we have. Oh, well. Laugh when the sheriff comes to boot out the neighbor. It won’t happen to me. It can’t happen to me. Until it does. Like the biological weapon, this is simply another maneuver to destroy and depopulate us. It’s working.
Trump gets into office…all that debt gets restructured.
Economics,and check book finance is not taught at home or school. Here at the treehouse the majority lives within their means, I don’t know you all personally, but I would assume finance is/was a large part parenting.
That, and not being given what we wanted rather what we needed.
Buying what is needed …food utilities will be my only purchase. I am almost finished with fortifying my home and making all repairs. Seriously pondering solar….any opinions?
My son saw both parents go through multiple layoffs in spite of their college education, competence and work ethic. He never lacked for anything, but, he saw the worry and stress. He figured out a niche for himself that is more or less protected – little competition and his own company with a partner. He saw one parent spend on the latest and greatest gadget and finance homes and boats. He saw the other parent wait until the gadget was cheap and pay off a home in 10 years on a 15 year schedule. He decided on his own that debt free and not commuting were achievable and desirable.
The idea of Build Back Better implies that we crash everything so the Communists can have their way of “fixing” things the way they want. The role of politicians and MSM influencers are to keep repeating that we’re “progressing” and this will all be better “soon”; commonly known as “blowing smoke up our a$$es”. Corruption and “secrets” are the essential ingredients to making all this possible and easy. The majority of American citizens are willfully stupid.
Somehow ,some way …..a leader with a bullhorn louder than Bannon’s warroom needs to start preparing the masses.
The Democrats and other finance know nothings want to blame the FED.
It is fiscal policy these days that drives the FED. The US, like Japan is bankrupt so the the Treasury and the FED are only there to get Congress to issue the debt to keep the deficit financing going. Eventually you destroy your currency. That is happening in Japan today and eventually it will destroy the U.S. dollar’s position as the world’s reserve currency. Rogoff and Reinhart wrote about this in their book a decade ago” “This Time is Different – Eight Centuries of Financial Folly.”
Basically, every country that ever hit the national government debt levels as a percentage of GDP that we are presently in were screwed. We are screwed. I have seen this since the early 1970’s- you could see the trajectory we were on from a policy and philosophical viewpoint way back then – 60 years ago. It used to be: “Tax, tax – spend, spend – elect, elect. Now it is spend, spend – issue gobs of debt – elect, elect. Under Obama we didn’t have a budget for like 5 years.
So, when does this all unravel? The US has about 10 years max and then the dollar finally goes South. Read Ray Dalio and Stanley Druckenmiller. Both those men have issues, but they are the most successful investors over the past 30 years – even more than Warren Buffet. The dollar going South will start when the FED finally caves and begins lowering interest rates for the last time – maybe in the next 18 months or so. They will never be able to raise rates again.
If they were smart, they would issue debt to buy gold secretly. They are not that smart. The Russians and the Chinses Communists are doing just that – Russia openly and China mostly in secret. They will have a higher percentage of Gold/GDP and Gold/National Debt than we and be in a better position than we are despite the fact they are awful countries in so many respects.
I am not sure whether Trump or DeSantis see this coming. We shall see.
China gold demands appear to be picking up again, China shipped in more than 80 tons of Gold from Switzerland alone in July, according to the Swiss Federal Customs Administration.
Yet they are artificially dropping Gold Silver value.
There are two parts to the economy of a nation and its currency. The Federal reserve controls the currency and its progressive devaluation, also, know as textbook inflation. Congress controls what the money is spent on after the banks are paid their skim.
The sad irony to all of this misery is that in order to have a ‘clean’ environment you need cheap energy. That is the fallacy that is used to try to enslave us all to a group of the most evil people the world has ever seen.
The Fed is in an interesting position of it’s own making. At some point, as it raises interest rates, it cannot pay down it’s own debt and their balance sheet will go red. It’s a rather complex process but I find Durden to have summarized it well today:
Milton Friedman famously said, “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” As the Fed tries to fight inflation, it’s inevitably going to smash into a wall. As a result, they can’t get too far on the rates side, as past a certain threshold, increasing rates only forces them to print money. Thus, higher rates only accelerate the inflation crisis—especially as higher funding costs disincentivize investment in new capacity across the economy.
In summary, higher interest rates will only increase the cash burn everywhere within the Fed and the Treasury. They’ll rapidly realize that they’re completely trapped. They cannot tame inflation without effectively bankrupting themselves. Except, Central Banks don’t go bankrupt—neither do countries that borrow in their own currencies. Instead, they’ll go bankrupt in a whirlwind of money printing and inflation.
Put Most Simply: We printed a bunch of money which caused inflation….along with a few other things associated with “Modern Monetary Theory”. Now, the fed has to raise interest rates to allegedly tame the inflation it created. But, raising interest rates past a certain point means the fed (us) can’t pay down it’s own debt. It’s like a credit card that you keep paying interest on but the principle grows. In this death spiral….do they print more money?
We are very used to assuming that the only monetary policy we have is the prime rate moving up and down. But, in our current situation and as detailed above, this band-aid has a ceiling to it. We spend about 8 billion a year on worthless keynsian economists who are hammers looking at the same nail. How about unleashing oil and natural gas as well? Cheap abundant energy would naturally ripple through all parts of our economy and bring prices down. Just a thought….and, you don’t have to pay me.
The Federal Reserve Central Bank lends money to the US Treasury which pays interest on the US debt and funds whatever Congress appropriates. The Federal Reserve has been derelict in its fiscal duty to take away the punch bowl of easy money since about 2001. It causes the devaluation of the money through inflation. Congress has been a profligate spender not even bothering with a budget for over a decade now. It causes price increases in everything the government supports financially like encouraging student loans makes higher education more expensive for all, reducing interest and down payments for some makes homes more expensive for all, increasing medicare expenditures increases the cost of health care for all. It is rather insidious how whatever the government supports becomes much, more expensive.
Ozero, via his AG Eric Holder, in 2012, completely stopped the in-process prosecution of the HSBC for violating US banking laws, then essentially immunized all foreign banks from being prosecuted for breaking ANY U.S. banking laws.
This is very BIG, yet how many citizens know about this institutionalized corruption?!
Caveat Emptor!!
Please watch this 35 minute interview:
https://rumble.com/v1l3gr7-the-defender-show-episode-67-fed-immunity-for-banksters-with-john-titus.html
“Stagflation”?
Haven’t heard that since ol’ Obama was in the White House.
🤔
What we are not hearing a lot about, is how retirees 401’s are being wiped out. These retirees depend on that income to survive, what will happen to them if the stock market continues to nosedive.
They will live on social security. Some will downsize. Some will move in with family. Some will sell the second house. They will eat out less, have less help and drive less. Those who have debt will likely default unless it is their home. Some will get jobs.
The following 21 minute video (link below) gets somewhat off the main topic here but DOES establish the background FACTS as to why our nation is in the particular set of financial troubles we are experiencing today.
This video “Presenting America’s Real Coup d’Etat” – begins a 10-part series hosted by John Titus (#BestEvidence) he is entitling as “Murder of a Rebel Nation” (MORN). The series will document the actual, done-deal takeover of the U.S. by corporate criminals over a decade ago.
While the moving parts and pieces needed to effect that coup have been shifting into place for a very long time, the fulcrum event that irreversibly flipped the U.S. over the wrong side of the prison wall into the land mass of full-blown criminality was the TARP bailout in October 2008, as he plans to present in future episodes.
https://www.bitchute.com/video/FxN76FMymfcA/
Thanks for posting links to these excellent resources, GB. They help bring the big picture into sharper focus, grim though it may be. Hard to accept but helps us know what to pray for.
👍 🙂
I remember Santelli’s rant sort of starting the Tea Party movement.
That’s when I became politically involved. It was the end of 2007 that I took a gander at my 401k after completing all the course work for my masters. That December I kept reading and reading and reading financial blogs all over the internet. When 2008 arrived, I pulled money and avoided about half of the September melt down. MidSummer there was a tea party rally in Orlando, I was there. I drug my son and his fiancé to the local representatives rally. From then, to today, I have been preparing for the crash of the economy as we know it. Now, that it is upon us. I missed a huge area of preparation and that was food and water sustainability. I only began a real garden this year. I always had a pantry, like grandmother. But, I never anticipated that the stores would not have anything that I needed to buy until covid 19. Even, then, the lack of things did not translate to a real lack of food. But, when, I read about the lack of baby formula (then, saw it at Walmart), I realized that they are perfectly willing to starve us all. So, it’s been a mad dash to obtain what is needed to sustain my preparations. I still have holes but they are dwindling. The portable generator comes Tuesday in time for Wednesday’s Hurricane Ian. Hope my son helps me out with boarding up the sliders.
Why would Mulvaney not speak truth to power?
I thought he was one of the “good” guys.
Nope
There is only a disconnect if we believe the promulgated narrative about inflation. Once we realize none of this has anything to do with the current narrative, things make a lot more sense, and we can stop tying ourselves in knots as though anything we are told is actually real.
The Fed is no longer acting in anyone’s interests other than their own, and by extension the commercial banks on Wall St who own the Fed. They are no longer acting in America’s interests (no shock there). And they are no longer acting in the interests of old European colonial money (a real shock, considering that’s what they — in tandem with a captured Congress — have been doing for at least a decade). They are acting purely in their own, self-preserving interests (and those of their Wall St owners), over and against the interests of the European GR/BBB/NWO, which would see the end of private banking globally in lieu of IMF CBDC’s, direct to private consumers. In that world no banks exist, which means Wall St doesn’t exist. And apparently Wall St has decided they would actually like to exist.
So rather than face extinction at the hands of European eugenicists, they are now at war with them, and will do whatever it takes to win, including crashing the US economy, and even the global economy, but on their terms and not the terms of Davos.
So buckle up. The battle of the gods has commenced. They are fighting for their interests. Not ours. And they will step on us like the ants we are before this is over unless we recognize what’s going on and get out from under their feet. That means minimizing our exposure to the systems under attack (anything derivative) and taking shelter in that which they cannot directly control (anything tangible).
None of this is about what we are told. It’s not about inflation of any form, it’s not about supply chains, or employment numbers, or energy policy, or anything ancillary. It’s about whose version of a new world order emerges from the ashes of the current order that has reached its end and is about to die. The Fed is currently fighting to ensure that it, and its owners, maintain their existence, if not their status, in that new order. And if necessary, they will destroy the American economy to do so.
Think and act accordingly.
Since the Banks are going to have to actually pay interest to borrow money does this mean you can actually lend your money to banks with a better interest rate? Are they going to continue to screw the saver?
“Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.”
Just imagine if Trump were in office and how polar opposite the rhetoric would be. Our minds would be ingrained with the R word that they are hiding from us.
the “biden effect” is an all encompassing catastrophe.
The number of name companies about to hit the asphalt (with many more to follow) is the kind of news that’s going to scare the beejeezus out of Mr. & Mrs. Front Porch consumer – and with prices rising at the same time – politically a very volatile time has hatched and about to grow bigly.
Worse than that, this will take a decade to climb out of, maybe longer because the skills are not here, the attitude is not here, the culture has been eviscerated.
Get to a small town, keep it together. Good fortune to all.
Love Mick Mulvaney’s take on deregulating. Get the grubermint boot off American producer’s necks and the country will see an immediate economic boost. Which of course is why this “administration” won’t do it.
Denial… its not just a river in Egypt.