This video interview segment was sent to me today along with a “wow, you were right” message. Apparently, the interview took place a few weeks ago (it’s new to me), but the admissions within it are quite remarkable.
The CNBC discussion surrounds inflation and the federal reserve raising interest rates. Minneapolis Fed President Neel Kashkari is talking about the jobs report, inflation and the intention of the federal reserve to continue raising interest rates until they achieve 2% inflation, regardless of consequence. Kashkari doesn’t hedge on the latter issue of consequence; he affirms with absolute guarantee the fed will keep raising rates until the economy shrinks enough such that 2% inflation is achieved. However, watch what happens when Joe Kernan takes that outlook and overlays “supply side” energy policy. WATCH (10:22 prompted):
The issue is quite simple, really. When additional oil, coal and natural gas development is blocked as an outcome of policy, energy prices jump massively. We are seeing 2022/2023 price increases in electricity, home heating, fuel, gasoline, natural gas and other total energy price outcomes in the 60%+ range.
As a direct outcome of energy policy, all of the downstream products and services have massive upward supply side price pressure. When the input prices are driving upward of 60%, the downstream prices increase accordingly. Farming costs, fertilizer, feeding, transportation costs, food at retail and wholesale, and just about every petroleum-based product, which is almost everything, increases in price accordingly.
If supply side energy price increases are pushing +60%, and the Fed will only accept a 2% inflation output result, the only method of achieving the desired result is to shrink energy demand. This is the goal of the current Fed monetary policy. In this interview Kashkari admits the dynamic for the first time in public.
Prior to this interview, the Fed was being too-cute-by-half as they talked about targeting the ‘demand side’ through increased rates. The demand they were targeting is the energy demand, but people (mostly in the financial and business world) were not willing to accept that Federal Reserve monetary policy would intentionally try to shrink the economy.
When overall energy price increases are driving upward of 60%, it is going to take a major amount of economic contraction to drop energy demand to meet the diminished energy supply. CTH has been warning about this ultimate objective for over two years. It’s a simple economic situation.
+60% price on the supply side, with a goal of +2% on the downstream demand side, equals a major amount of activity needing to be removed. Essentially energy use needs to drop by half.
You can put everyone in an electric car and still not even come close to dropping energy demand 50%. You cannot “energy efficient” your way to a 50% drop in demand; there just isn’t enough waste in the system, especially when people are already paying close attention to energy use because it costs so much.
This “transition to the new green economy” is a whole of society shift.
This “transition to the new green economy”, is a multi-generational shift.
The transition includes putting people in smaller houses, stopping their travel, stopping their purchasing of new goods, taking down entire industries and limiting human activity on a massive scale.
Something akin to the COVID-19 lockdown period would be needed, only this level of diminished economic activity would be permanent.
It makes you wonder if the COVID-19 lockdown was the test to see how much energy use would drop if everyone was stopped in place. And yes, during the COVID lockdowns, human activity did stop, economic activity did stop, and energy use did drop by the nearly amount we are talking about.
When you accept what Minneapolis Fed President Neel Kashkari is openly admitting in that interview segment, particularly as he is asked about the massive supply side costs and how that overlays, then you realize how prescient the image is below.
This image is the exact future you see flowing from the “radical transformation,” or what is also called “managing the transition“…
At the end of the transition, you have two social societies. One social system is a massive assembly of human activity all in close proximity. The alternative social system consists of those who do not wish to be jammed into Build Back Better cities yet forced to sustain themselves because the energy production and delivery resources in the larger geography have been stopped.
Now you know why I asked the question, “where would you live” over a decade ago.
PS. I’m not being snarky when I say: (1) there are trillions at stake; and (2) the management and control team behind Ron DeSantis belong to team “eat the bugs.”
You will own nothing. And be happy.
Or more exactly the enlightened, self-anointed philosopher-king class is saying,
“You will own nothing, we will own everything, and we will be happy. Who cares about you?”
clear ether
eon
Don’t count on the “be happy” part, Klaus. And why does this old man want to destroy our world so badly? Isn’t he going to be dead soon?
Not soon enough.
Don’t worry he has a successor in the wings.
Maybe he does, and maybe he doesn’t. There may be some shocking surprises for those people when they see the Fruit of the seeds they chose to plant.
Delusions of grandeur. Schwab and Co. want to be deified as the transformative characters that brought about the New World Order.
It’s a cult.
They are in for some Surprises of their own makings.
Cryogenics. And detailed instructions to his minions on preparations for his second coming.
Which they are soooo very sure their instructions will be followed to the exact Letter….
When they realize their minions have as much integrity as they themselves possess.
Step number one….pull the plug.
It is called Transhumanism. Klaus Schwab, Bill Gates, George Soros, et.al are working to to use advanced technology to essentially “download” their brain and place it into a new part biological or mechanical body so they can live forever. The old 1950-60’s sci-fi movies becoming reality. Conspiracy??? You decide.
Proverbs 16:9.
I think the elites will opt for transhumanism not cryo. They see themselves as gods and want to live and rule forever. We know the true story via the Bibl.e
With any kind of luck. Maybe we’ll get a two fer and Soros will keep him company as they…transition…the gates of hell.
Speaking of Gates of Hell…surely there is room for one more.
His mentor, Kissinger, is still with us. No sell by dates for either apparently.
Like every Satanic being he wants to take as many others with him as he can.
it exactly why he wants to destroy us ! Because he knows he’s close to death and wants to take us with him.
They will own everything. And you won’t be happy, if you survive.
But their view is upside down and inside out and sideways.
Instead of getting what they THINK, they will instead get what they worked for, what they planted and tended to.
And when one goes through Life on Earth pretending Every Day is “OPPOSITE DAY”, and then PAYDAY finally comes to them, and their Harvest comes to them in BOUNTIFUL Supply, Overwhelmingly Overabundant, Multiplied Exponentially, Shaken together, Pressed down and overflowing…
And then they find it IS WHAT IT IS —- PRECISELY WHAT THEY PLANTED, or as God says, “What they’ve done unto others is precisely what shall be done unto THEM.” Matt 25:31-46.
MORE BLESSINGS THAN THEY CAN CONTAIN!
Seven fold.
Kind of like when they pushed the real estate market around 2008 and higher priced homes…
with the theory of your paycheck will increase to cover the adjustable mortgage…how many eviction-foreclosure stories did we hear of when people were duped into that idea and then lost their jobs?
2008/2009 was the direct result of Jimmy Carter passing the Community Reinvestment Act in 1976 and Clinton in the 90’s subsequently revising the act giving more power to activist like ACORN and the likes of Barack Obama to exploit banks and force them to make liar loans to people without any means to pay the loans back. This disaster was packaged with mortgage backed securities and sold world wide until it collapsed. I received and inheritance of $50k of Citi Group stock that went to zero when the NY FED decided who the winners and losers would be. It was subprime mortgages that cause the financial collapse of 2008/2009. Meaning that community banks were forced by the likes of ACORN and Obama to loan people who could not qualify for the loans in the first place unless substandard criteria were allowed( i.e. forced on the lenders).
I think the definitive book on the issue is Gretchen Morgensen’s, Reckless Endangerment.”
Don’t leave Barney Frank out of your assessment!
We had a little local hometown bank that went wild during this, it has been bought up 3 times and is now subsumed into a billion dollar worldwide institution that likes China.
Jimmy Carter the BFF of the evil tinpot dictator Robert Mugabe who was China’s #1 terrorist sponsored ‘leader’ at the time in Africa, while Communist Joe Slovo who was backed by the Soviet Union, steered Church St Bombing murderer Nelson Mandela, who the CFR Bushes, Clintons, and Obozo’s and other world leaders would fawn over.
May they all live for eternity in a house with Chinese drywall.
If that’s not in a fortune cookie, welp, it outta be!
I agree with another commenter here—the Fed is completely unconstitutional & should have been done away with long before now. But I can’t even get my congress rep. to stop voting for the Patriot Act to remain in force.
Morning friend, The Creature From Jekyll Island is a great expose of it.
They will determine the supply of food and energy etc. which will be ample for their needs, everyone else will have to tighten their belts and survive on the rest.
Why would the uniparty EVER confront any of this, they support it
This is just too exhausting. I for ONE am ready to take aim and FIRE !
I see no other avenue to end this now.
Watching, Reading, Talking is NOT going to do a damn thing.
I have tightened the belt as far as I can. Enough is Enough.
I Pray Dear Lord To Give Us A Sign
Blessings To All here at CTH
Unless you’re antifa, a call to arms on social media is a non-starter. On the other hand, 1A protects the right to call flash mobs together to sing. Nothing political. Maybe something innocent like, “We are the world. We are the children…” Or would that be insurrection? Hmm. No telling telling what might happen next with guaranteed infiltration by the FIB and the black shirt squads. Start gettin’ in tune.
The 1A like all others in the constitution means absolutely nothing to the government and the 4th branch and they will take notice you can bet.
Better that we all meet in prayer. Only God can help us now, the rot is too deep.
Yes, but He is not going to pick up the pitchfork for us.
Watching, Reading, Talking and the most important thing, VOTING, is not enough because the system is corrupt and is no longer an effective “right” in our constitutional republic because of the corrupt democrat party. Prayer alone will not cut it. As the song goes ” You can check out but you can never leave”. We are screwed either way because corruption from the top is the rotting head of the fish. Enjoy the maggots like Susan Rice, Valerie Jarrett and Barack Obama who are really running the country. Jake Sullivan, Nuland and our glorious Depart of State have led us into a state of War with Russia which has only one outcome and it is not what the MSM is telling us. Ukraine will loose. Mayorkas and Garland are damaging the country beyond repair. Biden is the Manchurian Candidate.
I just watched a video of a young man, looked like he might be military or retired mil, I think it was posted on Truth Social. He told Trump, “It’s time”. I watch the veterans. The chaos is coming, sooner or later.
The GOP had all of Congress and the Presidency and when Trump said cut the budget by 5-20% the GOP said f-you Trump.
The only thing I hate more than a f****g Republican is a GD Democrat.
It isn’t that the GOP are cowards or not concerned. It’s that a lot of them are paid off by special interests to support these terrible policies.
I don’t get it when people get mad at the Republican Party for not doing anything and going along with the status quo. Most, if not all of the top of the party are hardcore socialists, if not full-on marxists who run on freedom in order to get elected. In reality, people like Trump and Ron Paul are the true “RINO’s” because they don’t follow in line with the rest of the useless party.
Why should they care? They’re in on the scam too. I was at the market today and paid $14 for 36 eggs. That was last week’s price for 5 dozen. Hubs and I are seniors on a fixed income and eggs are our main source of protein. Bad as that is, it makes me want to cry when I think about all of the people with kids to feed. It’s not fair.
We are Venezuela! The writing was on the wall but everyone ignored the signs.
Complete with an illegitimate government as a direct result of a stolen election using the very same ‘ballot’ counting machines.
I wonder how long that will last. Can you say “French Revolution”? Too many people are awake now, this stuff ain’t gonna go the way they planned now.
I suspect this is why they are importing the 2nd and 3rd world. Where they want to take us will still be an upgrade for them.
My governor is not interested in the rule of law at all, it’s disgusting, the destruction of Richmond got swept under the rug & the mayor is still breaking the law. But then he worked for the Carlyle Group—his only interest is money.
… beam me up Scotty!
Lord Jesus have mercy on us!
Psalm 94:8-11 NKJV
Understand, you senseless among the people; And you fools, when will you be wise? [9] He who planted the ear, shall He not hear? He who formed the eye, shall He not see? [10] He who instructs the nations, shall He not correct, He who teaches man knowledge? [11] The LORD knows the thoughts of man, That they are futile.
Amen to that!!!
I agree this is the AGENDA. Shrink energy, shrink economy, shrink population.
But enough DeSantis this! or DeSantis that! already.
He is a major part of the master plan. Hopefully people will come to see this eventually.
He stabbed Trump in the back. Not a good move.
Why “enough DeSanctimonious”?
Who do you think is doing this to us? Will Trump continue the WEF agenda, or will DeSantis?
Of course it’s DeSantis, it’s obvious when you look at the contributors to his PAC.
You just want to bury your head in the sand and hope DeSantis is on your side, when every single objective bit of evidence says otherwise.
Case in point-Disney. Disney lost control of the Improvement District but do you know what DeSantis allowed Disney to keep? The tax breaks totaling hundreds of millions.
You didn’t hear that trumpeted by DeSantis? Of gee wowie, do you wonder why?
“The truth will set you free, but first it will piss you off.”
― Joe Klaas, Twelve Steps to Happiness
The amazing thing to me is that all the Democrats whom I’m personally acquainted with — to a man and a gal, without exception — blame the rising cost of energy on Putin and the Russia-Ukraine war; and get this …. on Donald Trump’s economic policies while he was in office.
Hatred blinds their eyes.
So does propaganda. None of this would be possible without the MSM.
And they believe EVs are here and now and will save us meanwhile half of them drive monster SUVs.
some with caravans of monster SUV’s
Cant fix stupid
Unfortunately, that means the pain of their own stupidity needs to long and hard. More unfortunate is that also means those of us who know the truth, understand why these things are happening are going to have to walk that painful road too. They aren’t backing away from stupid. Ughhhhhh!!!!
They believe every bit of ‘programming’ that saturates all public communication in our world. It’s a new techno culture, yet they cling to the old consensus that: “Media brings you the news, and only some politicians are crooks and liars,” and resist grasping the new reality that: “All media is obfuscation, and government operates entirely in its own interests and without constraints of any kind from the citizens.”
You need to ask them to explain and back up their accusations. Who got us into the war? It wasn’t Trump. They impeached him on the justified, simple phone call to the actor.
So the cover story is in fact working for the useful idiots.
Meanwhile, China and India are building power plants at a record pace.
Seems their CO2 isn’t as bad as the US and European CO2.
This has been the neo-Malthusian Club of Rome’s intent from the very beginning of the global warming CO2 scam. Save Mother Gaia by killing off the festering human population. We are bacteria, in their minds.
Meanwhile the Green Elites will turn public policy into private profit.
Yep. There are not enough minerals in the world to go all electric, under any scenario. There are actually books promoting the “de-growth” strategy out now. I saw one on the London Review of Books some months ago. The goal is to reduce economic output to match the reduction in energy use goals. It is a mind-bender to contemplate, but yeah growth is “bad” according to these greenie cultists and that should be a concern to us all.
Consider this….”de growth” will affect the current population’s health. Health care is about 18-20% of the economy.
https://www.forbes.com/sites/robertpearl/2023/01/09/3-shocking-healthcare-statistics-for-2023/?sh=2dc6d2a28609
Its not looking good at this point.
Avoid American hospitals. Viva Mexico
Just don’t get kidnapped by the cartels when you go there.
That is due to the medical and drug cartel. It is now far less expensive to fly to other countries for ‘most’ necessary medical treatments and pay cash. Often times it’s even lower than the ‘deductible’ on your insurance even after the airplane and hotel expenses.
BTW this is why they had to institute a tax penalty for going ‘uninsured’ and shutdown cash for treatment centers in the US.
The rest can be dealt with by using good life choices.
These hard facts are readily available.
Thus I must conclude that most of those pushing these various reinforcing narratives used to explain, disguise and justify them to useful idiots at all levels, don’t believe them.
Like telling most people on the Titanic it’s ‘safer’ to stay deep inside the ship while they are on deck getting into the lifeboats.
Many of us,myself included, have wondered how do we fight back?
How do we get our point across,peacefully?
My suggestion is a run on the banks.
If millions of us withdrew as much as we needed from the banks during a few weeks, it would certainly get some attention.
Might that “attention” result in new regulations that prevent you from withdrawing anything from the banks? Dunno.
Things changed fairly quickly in Canada when the peasants started to withdraw money during the truckers protest.
I thought many of them ended up being locked out of their accounts? Maybe not.
Withdrawal will not work. The banks will just shut down the ATM. MLK ,Ghandi, the Vietnam protests were totally effective. Taking to the streets is our only option. Our present state of affairs requires sacrifice. If someone has a more effective plan please let us know. I pray daily but so did the Jews, Poles, Gypsy’s.
Protest achieves little. See France, Brazil, J6…
Hit them in their pocketbooks. It’s the only thing they will notice from the rubes. So yes, withdraw all your money from all your savings accounts.
If the economy really shrinks near 60%, your money is worth little. See 2008 for a refresher.
And how long until they break out the fire hoses, dogs, gas or worse?
As I heard it they even threatened American banks and customers who donated to help truckers. What makes them think they have such a right I don’t know.
That because the institutional investors started running for the hills. Once institutional money moves out, you can kiss you country’s banks good-bye. That, IMHO, was the reason for the rather quick reversal.
However, I am not certain Castreau and his minions have learned from that yet. They are still threatening.
Trudeau doesn’t strike me as being too terribly smart.
Pay in cash while you still can, buy used goods, shop at farmer’s markets.
We need to start a parallel economy – there are enough of us to do it. Withdraw the cash and use it among ourselves for food, medical, whatever. Remember the doctor in Dallas (?) who was fired for non-compliance who started her own practice and people flocked to it. We can get our own farmers, truck drivers, etc.
Where do we get the gas and electric? The water?
We already have a parallel / underground economy.
In the third quarter of 2022 it was estimated at 11-12% of GDP or 2.8 trillion dollars. 😉
This. Support local drs leaving the system. Push for local legislation for specie tender.
‘Pay in cash.’
For certain things don’t forget to ask if there is a ‘pay in cash’ discount. 😉
That’s a good idea, and even more severe would be mine below (although we’d have to acknowledge that in both cases — mine more than yours — many innocents could consequently suffer greatly if not actually die as a result, but doing nothing will likely eventually lead to national if not international economic & societal collapse and potentially millions dead):
National Strike (AKA Going Galt). This would require a unique leader like Trump (or MLK Jr., Gandhi, and Lech Walesa before him) to call for one — which I believe he should have done after the election was stolen from him in November of 2020.
cntrl-gault-delete. I believe a general strike would be a tactic
It would be a form of suicide for any leader to do so.
The reaction itself must be decentralized IMHO.
Prep now or regret later.
Times will be rough even if every effort were made to right the ship tomorrow. Significant delays in getting petroleum back on line.
I keep telling people to stay home the week of 4th July. One week is so easy, but people are too dumb, selfish, and pig headed to do it. Everyone for one week would make this country implode. Buy nothing, do nothing. One week.
Agree. It is going to take sacrifice to fix America, who is ready to do it? We are so spoiled.
What if we all cashed in our 401Ks? Stopped our personal contributions into 401ks completely.
Yep. Stop investing with Blackrock and Vanguard and the banks.
I have suggested this many times. Falls on deaf ears. But what about the matching contribution is the panic answer I receive!
Seek smaller banks too. Barter with like minded small business etc
There is a business plan for that. Banks are required to do vulnerability or ‘means’ testing. I would think a plan for high vulnerability would be required? Finance folks, what can you add?
I liquidated my 401 and invested in real estate and gold. 2 real things we aren’t making more of. I think thats a good start.
So having read through the comments below this one, you all need to watch this video in terms of what is coming in terms of the next monetary system. It goes hand and glove with what this article is all about.
In other words, “Lets destroy the economy and allow the government decide which companies will survive based on how they support the rulers. Those individuals who don’t support their rulers will die”.
That is how syndicalist socialism always works. Yet people still confuse it with “corporatism”, not understanding which is the tail wagging the dog.
clear ether
eon
I hate these people, they deserve the very worst
Well, if their target is 2% fake inflation — i.e., as presently calculated by the feral government — it will likely mean something more akin to 10% real inflation, so we’ve got that going for us …
You will not only eat the bugs, but be confined to “15-minute cities.”
He was spewing happy talk. You can’t get to 2% inflation without increasing interest rates to equal the rate of inflation. The Fed won’t/can’t do it.
If they lie about inflation they can.
I keep hearing that term. What us a 15 minute city?
I first heard about it via Truth Social account somebitchtoldme (L). She is an excellent researcher, does a regular deep dive. also you can find her on Rumble via Big Dig Energy episode 154. It’s a long video, very informative.
I was searching for the TS post when I ran across this, which has a brief explanation embedded in the story about a huge protest against this in Oxford. https://www.breitbart.com/europe/2023/02/19/thousands-protest-against-world-economic-forum-backed-15-minute-cities-in-oxford/
They are communities where you can ‘only’ walk from one end to the other in about 15 minutes.
Better known as prisons or slave colonies.
why are they importing millions of new folks who have lots of kids and use tons of energy.
Soylent Green?
Primitive, pre-technological cultures are invariably labor-intensive. In this lot’s case, even the “organic” subsistence farming they dream of (“living in harmony with Holy Mother Gaia”) will demand high levels of grunt labor, because using horses or oxen for plowing would violate their karma where animals are concerned.
Once you understand the mindset, it’s not hard to figure out the enlightened elite’ types answers to everything. Note that this does not mean that those “answers” are in any way rational, realistic, or anything other than the results of their dangerously nihilistic delusions.
clear ether
eon
Yup: post mechanized farming. Back to the plantation.
2 Thessalonians 2:11. Strong delusions.
I think you mean slave labor, that is among the lucky survivors anyway.
Neo feudalism only with a modern Central Bank Digital Ledger and Software system.
It will be the ‘company’ store you can’t get away from.
Overwhelm the system, Cloward Piven, if they get the internal war over scraps going we will all kill eachother off so they can have their utopia
I wonder if Cloward or Piven had a strategy for when the mob showed up at their door.
These “elites” think they’re immune from their own consequences.
The mad scientists never think the monsters they create will come after them.
This is always my first thought. The “elites” will be looted and destroyed. I’m not sure the Klaus Schwabs of the world have thought this through.
Too many people awake now….
If we get hungry we can always eat the rich.
Wouldn’t be very tasty.
But seriously, I’ve always wondered where they think they’re going to hide when they’ve scorched the whole earth.
Do you really think they have not anticipated that? Their security is undoubtedly the very best that billions/trillions of dollars can buy.
It had better be. Nothing is more fierce than people with nothing to lose.
Let them try and hide from the wrath of God.
Numbers. It’s always about the numbers. Security/Protection can only be so deep. It’s the Achilles heel to long-term operations in a hostile environment.
So all Tyrants play this same card, but when the productive side of the economy collapses there is no pie to slice up, even to feed their useful idiot security guards.
The King of France had security before the French revolution, how well did that work out?
There is no way to accomplish this goal with 8 billion people in the world to feed and shelter. There is a part of this plan that is being left unsaid.
They’ll allow sucking bugs out of sand mounds. But they know billions may not be very good at it.
They say it.
Georgia Guide Stones – most radical, human population needs to be at 500,000
Fabians since H. G. Wells and Gorge Bernard Shaw have openly stated the population needs to be culled of “useless eaters”. Margaret Sanger advocated abortion to limit the number of undesirables. The current number tossed about by the WEF/NWO types is “somewhere between 2 and 4 billion” with half being Asian since they are (according to them) predisposed to obeying authority.
One benefit of the internet is that Schwab and his ilk are no longer preaching to the faithful in their seminar bubbles. The commentary is getting out.
Yes unsaid, but its being done. THEY ARE KILLING US!
Actually, they have said it and put it in print, on the web, over many decades.
Most normal people thought it was so crazy as not to be credible though.
Their self-hate complex and mental illness cause most of them to say the silent part out loud on regular basis.
Meanwhile, the useful idiots around us call us conspiracy theorists when we simply quote them.
When I was kid, I wondered how Hitler and other assorted Tyrants were able to cause others to perform such evil; post Covid I no longer wonder how.
Every tic up in interest rates drives interest on the national debt ever higher. Attracting buyers of new Treasury bills is becoming more difficult as de-dollarization accelerates outside the collective west. The banksters won’t like what the fed is brewing.
String theory: The banksters determine what the Fed does.
Much of what is going on is outside the control of the banksters. The west is done.
This is true, for if you are a corporation with more money than the bank, you ARE the bank
I am not so worried about the national debt. That will be paid by the people not even burn yet.
Don’t think if you are still alive it won’t be paid by you.
It will be paid in the form of promises in terms of future purchasing power that won’t happen.
The best way to avoid this is to demand payment in full, in terms of real things of value, as soon and as often as you can.
Store the rest in Heaven.
This is called DE-indstralization. It is a major tenet of climate change dogma which demands that we all learn to live with less. Remember, the Italian people voted for fascism. The German people voted for Nazism.
And the republicans voted for the Uniparty!!!!!!!!!!!!!!! Over and over and over again.
yes but the average Republican at that time had no idea that there even WAS a uniparty. The average Republican was simply hoping for something better than Clinton and Obama. That was not so evil or crazy. It made sense then.
Well, I think we can safely say that everyone reading here now is more than aware of the Uniparty and the Malthusian cult they are supporting.
….and yet the industries they destroy in Europe and US just show up in China and India, complete with CO2-producing power plants.
My guess is that they think these cultures will make better slaves than westerners.
Oh wait they wrote about that too.
Never forget that the WEF/Davos types are among the most racist people on this Earth.
In 2020 The FED increased the US money supply (printed money) by $3.38 Trillion US dollars. In 2021 $13 trillion was printed. Breaking down to $5.2 for COVID + $4.5 for quantitative easing + $3 for infrastructure.
How does the governement remove so much money from the economy? Increase taxes and then burn the money received before spending it again, I guess?
I think the bigger worry right now is the petro dollar. What happens if the Middle East and Russia don’t require payment in dollars? I guess many countries will dump trillions of dollars and the value of the dollar will plummet. The US would have to buy back trillions of dollars to protect its value, like Japan is doing today.
This guy seems to know what he is talking about:
Milton Friedman – Only Government Creates Inflation – YouTube
The Treasury Department can issue currency. But the inflation we are experiencing was created by both the Fed and Congress: The Fed dictated “easy money” monetary policy, (Since the pandemic) plus “modern monetary theory” (which means that the Fed can print as much money as it wants supposedly with no downside), and the uniparty’s Congressional fiscal policy caused trillions of dollars of spending (supposedly to help people out of a job due to COVID) which led to massive federal debts incurred. The current Fed plan is to keep raising interest rates until people stop spending. This will mean a huge contraction of the economy, loss of jobs, loss of income, loss of people’s 401Ks, and tremendous loss of wealth of the middle class. What they didn’t accomplish during the pandemic they appear to be planning to accomplish now: a huge wealth transfer that will impoverish a vast number of Americans.
The Chinese could mop up Treasuries as a discounted rate then use those dollars to buy food, land, etc. from inside the USA where the currency might wield more purchasing power for commodities and specific assets. It can certainly buy some lobbyists.
Most ‘money’ is created as loans on an electronic ledger within the private banking system.
Up thread, I posted a video you need to watch explaining how the existing monetary system works and unfortunately how it could evolve.
Not sure how any of the conservatives who have national voice are avoiding this reality. It’s as plain as the nose on your face at this point.
Hoo Vol: Those “conservatives with a national voice” are living large and riding the gravy train, thanks to this global scam.
Think Thomas Massie and the like.
Like Bannon and Tricker.
ari: I agree.
So Sundance already wrote about how most of the former independent ‘conservative’ new sites have been co-opted or sold out. Most are just controlled opposition like RINOs. Project Veritas was their latest attempt.
While they are still ‘allowed’ to go after social issues, or Dem vs RINO issues, they are largely silent on Main Street vs Wall Street and won’t touch what this Malthusian death cult is up to with a 10 ft poll.
The bigger problem in my mind is how many people are still fooled by not just the false narratives of the Malthusians (which should be obvious at this point), but even the ones that can see through that, can’t see through the distractions of the controlled opposition of the likes of RDS or similar.
Like taking the tough stand and guys in girls bathrooms, while they enable policie$ that will burn our nation to the ground.
Stay off my property Mr. gubmint hack.
The sooner we get out of this Central Bank system, with these Cretins and the Marxists in the administration in control, the sooner we can get back to being the greatest nation in world history…
So far they seem to be large and in charge, and no one seems to have a clue about how to escape their grasp.
Just a first reaction to what I heard, “Lower income Americans are burning through their excess savings” (or something close to that). WTF? I bet lower income Americans don’t have any savings at all. They aren’t burning through anything. They are borrowing, and at high interest rates. Unsustainable. These guys have Ivy League educations and this is the best they can do? SMH and praying.
Just the term “excess savings” – as if that’s a thing.
A talking corn dog!
Sorry! That was mean.
I think I am hungry…
Hello Val.
Cant help but wonder if your the same Val I once knew many moons ago.
back in the BB or GP comment section
i mean , you made me laugh just now and that reminded me of the Val I once knew.
She made me laugh
I don’t think so…
The TreeHouse is pretty much the only site I participate.
Thanks Val for the answer . There was a Val there long time ago . She could make you laugh .
Peace TREEPER
No worries. Kashkari has been arrogant since birth.
Power is a result of acquiescence.
Make the powerful, powerless. Stop being sheep. While you still can do so.
Does anyone not know they created the energy shortage? Then claim they must address the shortage.
BINGO.
Lather. Rinse. Repeat. It’s what they do.
The U.S. is only 332 million people. How do they hope to make a global change without China and India on board whom together total about 3 billion people. They are not third world Countries. They drive cars, cook on stoves, use cell phones, watch tv, go on vacations, in short they are consumers like us. The globalist plan seems impossible not to mention horrific.
Airborne Ebola?
China and India are buying all the oil and gas because the west doesn’t like the countries that sell it.
US is in an necessary dog fight with Venezuela, Mexico, Libya, Syria, Iran, Iraq, Russia, Saudi Arabia.
China and India have worked to develop good relations with these countries. But we stand on principle.
Actually the US appears to have declared war on Russia and Europe (via blowing up Nordstream 2.
Because of the US decision to try to weaken Putin and destroy Russia, it has driven Russia and China ever closer together. Because of this policy, China has offered Saudi Arabia to purchase its oil, but not in petrodollars, but in Yuan. The loss of the petrodollar will be the undoing of the dollar and the US’s interest rates on its debt will skyrocket. Did anyone in the Biden Administration think this through, or are they just Klaus Schwab’s minions?
Pretty sure the destruction of the dollar is part of the plan.
Can anyone in the Biden Administration EVEN THINK?
The US had plenty of Gas and Oil until, to spite Trump, Biden stopped all the drilling . Biden stopped every good thing President Trump has done for our country, just for spite…. Biden is such a DOOFUS!
India is currently buying oil from Russia & Saudis, then reselling it to USA for profit!
This BS about a 2% inflation target is just BS. Here is a link to Canada’s list of changes to CPI calculations, over time:
https://www23.statcan.gc.ca/imdb/p2SV.pl?Function=getMainChange&Id=1285694
All countries play with their CPI calculations as CPI is a political number.
https://web.archive.org/web/20150107223737/https://www.nytimes.com/2014/12/21/upshot/of-kiwis-and-currencies-how-a-2-inflation-target-became-global-economic-gospel.html
I’m no supporter of the fed, nor this bald leftist from the socialist state of Minnesota…but I didn’t get the implication on energy from his statements. He said he isn’t concerned about that as a consequence. Perhaps they are all in on the energy boondoggle, but their ability to control it is quite minimal.
This globalist cabal is using their power to create restrictions and/or cost prohibitive regulations on fossil fuels as a means of raising prices, limiting incentives to produce, and to artificially promote their climate agenda. The extent of their ability to do this runs into natural and economic barriers. Run up gas pricing too high, the populace gets pissed and Biteme is forced to push supply in for relief. It’s impossible to bring on alternative energy options at a pace they are pushing, even in the most fairytale world. They know this. THEY are using this agenda for other purposes of control.
With the election system corrupted, they can now implement exceedingly unpopular policies.
The Fed is acting to impoverish, starve, and control the citizenry. This is a plan, not an accident.
What happens if DC has no electrical power, no food, no fuel? All it takes is for truckers to stop delivery and a few unplanned accidents. It could possibly happen. Imagine I-95 at gridlock for 2 weeks. What a tragedy.
The image of the city that Sundance has on this page, is the future look of DC.
Like a modern-day castle to go with neo-feudalism.
Makes the destruction happen quicker.
I am trying to watch this clip from the perspective of slightly sheepified family members and friends who are not fully well informed.
The goal is to give them evidence that could move them more towards an awakened state.
After the query at the 12:15 mark or so. Kashkari responds with a few sentences that are hard to parse for me after listening 3 times. It sounds like sophisticated nonsense where I speak voluminous words but say nothing of value.
I fear specifically when he says, “I don’t actually think it would have the damaging effects you are talking about.” (Paraphrase from memory)Sounds like the creation of plausible deniability rather than admitting that is the goal. I worry this would be used as counterpoint and allow them to dismiss Sundance, and then they choose not to read his analysis in further sharings.
In anticipation of such a line of attack(cognitive dissonance denial by sheep), I am uncertain how I could argue against that anticipated claim by them. Any ideas?
When Neel Kashkari says, “I don’t actually think it would have the damaging effects you are talking about.” What he means is: “We must not let the American people know we are planning to impoverish them in every way we can, until they have no options left but to do what we tell them to.” It is not just plausible deniability, it is an outright lie and cover up.
It is difficult to convince family members who do not have the foundation of knowledge or information about how the government has lied to the American people for decades. If they think “our government is here to help us” there is no way you can explain to them what Neel Kashkari is saying. They are just not ready to hear the truth at this point.
It is painful to have family members who are so ignorant of what is really going on. You can ask them questions to see how they think and what they think is going on, but unless they are truly open to hearing new ideas or new facts there is little to be accomplished by trying to explain this particular set of lies.
Here are some articles that might serve as background:
https://wallstreetonparade.com/2022/04/while-jpmorgan-chase-was-getting-trillions-of-dollars-in-loans-at-almost-zero-percent-interest-from-the-fed-it-was-charging-americans-hit-by-the-pandemic-17-percent-on-their-credit-cards/
https://wallstreetonparade.com/2022/01/after-its-president-created-the-biggest-trading-scandal-in-fed-history-dallas-fed-chair-calls-robert-kaplans-tenure-great-leadership/
https://wallstreetonparade.com/2023/02/from-jeffrey-epstein-to-sam-bankman-fried-to-madoff-jpmorgan-banks-the-creepy-crooks/
Really appreciate this response. Thank you for the effort. While I agree…I am always looking for the perfect red pill because I never want to lose hope for those I love. But yes…you have still spoken words of wisdom and provide helpful links.
Think it’s also important to put some effort into protecting yourself as well.
Even people with very little can make strides toward self-sufficiency.
The website below is great for things you can do now that will at least soften what they have in store for us.
https://www.grandpappy.org/
I think the word you are looking for is sophistry.
Perhaps. I do like that word. I always considered the meaning though to be one of presenting flawed arguments that they know are flawed in order to persuade people to take the weaker position. Something like…”if we drive electric cars it’s better for the environment…you can see all the pollution from gas powered cars and the smog it causes.” This sounds good to the uninformed. What he spoke sounded like a word salad to me with no actual meaning.
“I don’t actually think it would have the damaging effects you are talking about.”
Yeah, just like we are only giving you a much-needed ‘group’ shower.
This is looking beyond dystopian.
I’ve believed for awhile now that the “lockdowns” were actually controlled experiments designed to determine:
* which nations fell into line and which didn’t
* how people responded to various lockdown stimuli; hardline (see Australia, NZ and Canada) vs not-so- hardline (Sweden). Acceptance of masking, social distancing, vaccine willingness, resistance and by whom and how, etc.
* most important, to develop the best methods to control the populations
I think reduced energy consumption was also measured but not a necessary objective.
And BTW, with reduced energy consumption and the associated lower carbon “emissions” over the two year lockdowns, notice none of these a-holes declared a reduction in climate change. Unbelievable.
The Rockefeller Foundation & Global Business Initiative for Development of Technology ran scenarios including lockdowns in 2010 which oddly enough, seemed to be precursor to our current coronavirus situation.
2010 Rockefeller Foundation Document Envisions Pandemic Police State Scenario.pdf
“Lower income Americans are paying down their excess savings.”
Ghastly, ghoulish, elitist remark.
I have $37 in my billfold that is not destined for specific bills. I suppose that’s what he’s referring to.
Oh. And I spit in his general direction.
I would guess his silky underwear (ea) cost more than my grocery bill for a month.
What is EXCESS savings? Is that too much money saved for a rainy day?
I have never heard of that concept. Is it bad to have EXCESS savings? Is that why our country is going to ruin?////
Sounds like they presume we don’t need our excess savings.
Or any at all, seeing as “excess” is malarkey.
Russia is winning idiot. And that’s a good thing get over it already!
Speaking of DeSantis, has he said/done anything with the massive plastics fire? Has anyone? I’ve seen jack about it since the first report.
<Face it solar and wind are losers…>
You’re right, Desertson…
Solar energy’s not going to happen overnight…
And wind power blows. 🙂
There aren’t even remotely enough key elements required to replace our ‘current’ energy use via wind and solar.
This is why the neo-Malthusians are pushing mass murder and 3rd world lifestyles on the survivors.
Keep in mind that the ultimate goal is a new paradise on Earth. Getting there will, however, mean reducing total human population by some 88% from current level. But don’t worry, they’ll do it in a totally fair, humane, and equitable manner.
You are not authorized to ask such questions.
The windmills are killing the whales from MA to VA. So many are washing up dead on shore. We won’t have an ecosystem left!
Where’s my torch and pitchfork?
The Fed (and the Bidenoids) is smoking dope. When the economy crashes and the Dems are looking at losing 55-45 in the next presidential election, then the Fed will turn on a dime and switch from fighting inflation to fighting recession.
‘Twas ever thus.
Sucks to be right sometimes Sundance. Now here is a mind twister: the CCAR stress tests aren’t being used to see how strong the banks are. Nope! The stress tests are being used to see how far the Fed can push the recession without crashing the financial sector—when that happens, things can get out of control in a hurry. They want a controlled decline—stress test enables it.
They will shrink the economy through depopulation in order to meet the goal of decreased energy supplies. The populations of the United Kingdom, and Ireland are forecasted to decrease by 77.1% and 72.4% respectively. The United States is slated for a 68.5% reduction in the population. The plan is Democide . . .
“Deagel 2025 Forecast by Country:
United States of America:
Population 2017: 316,440,000
Population 2025: 99,553,100
Population Change: -68.5
GDP 2017: 16,720,000
GDP 2025: 2,445,124
GDP Change: -85.4
https://nobulart.com/wordpress/wp-content/uploads/2021/08/Deagel-2025-Forecast-by-Country.pdf
This is interesting, but I don’t have a context for the table linked in your comment.
What’s the source, and how did they arrive at this conclusion? I’m interested in reading more…
I am self sufficient, and anyone who isn’t, will go the way of the Dodo
“major amount of economic contraction..”
No, what we need is major amount of guillotine implementation.
These people are flat out evil and dangerous. Remember Thulsa Doom from Conan The Barbarian? These people remind me of those zealot Priests and Wizards of those action/fantasy movies.
Throw them all into the pits of Mount Doom.
if you want a view just stack em.
That would rent out for about $2500 a month here in Naples. Add a couple hundred for each one stacked higher for better view.
Pray and help others
You are correct, Sundance. After all, we have to make sure there will be plenty of fossil fuels reserved for all the jets going to Davos every year.
They’re shock troops to hasten the dispossession of American citizens, and we the legitimate citizens of this country, are stubbornly refusing to protect our borders — or anything else that’s in our best interests. Go figure.
I will Pray, along with MANY others, And GOD ALWAYS WINS.
We will Win, too, if we are on God’s side, and Belong to Jesus His Son!
And I will be Happy.
And Neel Kashkari will Reap the Harvest he sowed for.
I will NOT eat bugs and Neel Kashkari will be happy, because he will get everything he has worked so hard for. The Fruit of his own labors.