Tag Archives: Economics

The international political debacle proves that the unipolar system is crumbling

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By Guilherme Wilbert

Source: The Saker

With the recent political events involving such different parts of the world, but usually for the same reasons: popular dissatisfaction, rising prices, and the like. And these causes arise with the decision-making errors of Western leaders, who end up suppressing popular opinion, in what generates a kind of democratic government in the archetype but doesn’t really care about its people.

The most practical example arises when countries try to enter into military alliances without popular consultation as to whether the people agree with what is at stake. The Nordics in NATO were a very clear example of this.

The politicians who now manage the finances of powers within Europe were clearly not prepared for what is happening, mainly because in the global production chain, which involves Russia, now sanctioned, reflects much more on the sanctioning regional economy than on the sanctioned one. Plus it destroys on many economic fronts the Global South, which directly receives the reflections of these mistakes.

People who have been put through a bureaucracy because economic power has a lot of money and unfortunately are leading Europe into disaster, but without realizing it the entire Western world as we know it. With recent cases of foreign attempts to interfere in legitimately elected governments to try to stop the advance to the multipolar world, which at this point of the championship has no more brakes.

The recent death of Shinzo Abe, former prime minister of Japan (which until then was considered one of the safest countries in the world), proves that even a supposedly quiet and peaceful nation can be the target of serious terrorist attacks like the one mentioned, and this proves that the unipolarity system is disappearing, even if it takes some along the way, unfortunately.

The political debacle unfortunately caused by the cited mistakes of Western leaders such as the sanctions, has generated dissatisfaction to the extreme point of an assassination with a homemade artifact against a prominent leader of the Asian world (many may be wondering why in the reasoning Japan would be characterized as part of the “Western World” despite being in Asia and this is because Japanese diplomacy is strongly influenced by Washington, in which it functions as a kind of diplomacy semi-colonized by the Americans).

It was not avoidable, but it could be delayed

The multipolar world was going to emerge one way or another, but the mistakes of the Western leaders accelerated a process that would still take some years, and it can’t cope since it governs for less than 1 billion people (G7 population). And Operation Z in Ukraine was the trigger for a lack of diplomatic tact and will to war that even caused Ukraine’s allied leaders to fall, such as Boris Johnson.

The bankruptcy of Europe was also imminent, since the various economic dependencies, including on Russian gas, prove that the continent, despite being so-called First World, was unable to generate an economy based on a real production of resources. And all attempts to escape from this dependency would lead to at least 10 years of pipeline works and economic agreements-treaties between other countries and them.

So it’s not like it was easy either to have prevented what was predestined to happen, but it could have been delayed if there was the right diplomacy, since the war was avoidable. But how? Simple. I’ll explain.

What was Putin’s key argument? “Ukraine cannot join NATO!”

And what could the West have done? Generated a document in multilateral coordination with the appropriate entities recognizing that the security of Russia, a member of the UN Security Council, was an important issue and Ukraine would not join the Atlanticist military alliance. Or: they could put 50,000 or 100,000 troops inside Kiev to stand up to the Russians since Biden shortly before the Special Military Operation began, acknowledged that Putin would “invade Ukraine,” so they knew the risks. But they did neither.

They wanted this war but it is not going as planned because the political debacle is happening, with the leaders who support the Atlanticist platforms falling away little by little, leaving the enthusiasts of the multipolar world standing like Putin and Xi Jinping in their proper nuclear strongholds.

Moreover, it is interesting to note how parts of the Global South opposed the various diplomatic and economic sanctions on Russia, showing that they were unwilling to continue functioning as American semi-colonies in diplomatic and other matters.

It was inevitable that a totally new world would emerge out of the totally destroyed old world, because that is the natural way of what comes after destruction: reconstruction or new construction. And that is what is happening to the world at present, in that we see prominent leaders being murdered in the open or resignations due to inability of governance, clear signs of destruction.

And after the destruction will come the construction, of which we don’t know what it will look like yet, but the first bricks have already been laid.

The BRICS+ is the only economic bloc capable of guiding the birth of the multipolar world

The BRICS+ unlike any grouping of countries into an economic bloc, has no regional or cultural limitations. On the contrary, countries from all over the world that are so different are aligned in the same multipolar thinking there, in what is seen different if you consider the G7 or NAFTA, which are limiting organizations in their birth, since they don’t carry the discourse of multipolarism ingrained, besides using destabilizing agents such as NATO for a kind of stick to impose their policies on sovereign countries.

The ability to unite so many enthusiasts of the multipolar world will be the driving force of the industrial revolution that we will see happen, which will bring the world into a state of bonanza again because even war will end one day and sanctions will be seen as useless because integration has already begun to happen. Currency baskets are being considered within the BRICS+ to escape the American monetary hegemony, which is a BIG thing!

So, to close the reasoning, I conclude that the multipolar world was something that was inevitably going to happen, but it was accelerated because of the mistakes of its enemies.

Guilherme Wilbert is a law graduate interested in geopolitics and international law.

The agony of the West

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Like Rome, the Anglo-Saxon Empire is collapsing by its own decadence.

Sergey Lavrov used to compare the West to a wounded predator. According to him, it should not be provoked because it would be taken by madness and could break everything. It is better to accompany it to the graveyard. The West does not see it that way. Washington and London are leading a crusade against Moscow and Beijing. They roar and are ready for anything. But what can they really do?

By Thierry Meyssan

Source: VoltaireNet.org

The G7 summit in Bavaria and the Nato summit in Madrid were supposed to announce the West’s punishment of the Kremlin for its “special military operation in Ukraine”. But, if the image given was that of Western unity, the reality attests to their disconnection from reality, their loss of audience in the world and ultimately the end of their supremacy.

While the West is convinced that what is at stake is in Ukraine, the world sees it facing the “Thucydides trap” [1]. Will international relations continue to be organized around them or will they become multipolar? Will the peoples who have been subjugated until now break free and gain sovereignty? Will it be possible to think differently than in terms of global domination and to devote themselves to the development of each individual?

The West has devised a narrative of the Russian “special military operation” in Ukraine that overlooks their own actions since the dissolution of the Soviet Union. They have forgotten their signing of the Charter for European Security (also known as the OSCE Istanbul Declaration) and the way they violated it by making almost all the former members of the Warsaw Pact and some of the new post-Soviet states join one by one. They have forgotten the way they changed the Ukrainian government in 2004 and the coup d’état by which they put Banderist nationalists in power in Kiev in 2014. Having made a clean sweep of the past, they blame Russia for all the ills. They refuse to question their own actions and consider, at the time, they were forced into power. For them, their victories make the Law.

To preserve this imaginary narrative, they have already silenced the Russian media at home.

No matter how much they claim to be “democrats”, it is better to censor dissenting voices before lying.

So they approach the Ukrainian conflict, without contradiction, by convincing themselves that they have the duty to judge alone, to condemn and sanction Russia. By blackmailing small states, they managed to obtain a text from the UN General Assembly that seems to prove them right. They now plan to dismantle Russia as they did in Yugoslavia and tried to do in Iraq, Libya, Syria and Yemen (Rumsfeld/Cebrowski strategy).

To do this, they began to isolate Russia from world finance and trade. They cut off its access to the SWIFT system and Lloyds, preventing it from buying and selling as well as transferring goods. They thought this would cause its economic collapse. In fact, on June 27, 2022, Russia was unable to pay a debt of $100 million and the rating agency Mody’s declared it in default [2].

But this did not have the desired effect: everyone knows that the reserves of the Russian Central Bank are full of foreign currency and gold. The Kremlin paid the 100 million, but could not transfer it to the West because of Western sanctions. It has placed them in an escrow account where they await their debtors.

Meanwhile, the Kremlin, which is no longer paid by the West, has begun to sell its production, especially its hydrocarbons, to other buyers, particularly China. The exchanges that can no longer be made in dollars are made in other currencies. As a result, the dollars that their customers used to use are flowing back to the United States. This process had already begun several years ago. But Western unilateral sanctions have accelerated it sharply. The huge amount of dollars accumulating in the US is causing a massive price increase. The Federal Reserve is doing everything it can to share it with the eurozone. The price increase is spreading at high speed across the entire Western European continent.

The European Central Bank is not an economic development agency. Its main task is to manage inflation within the Union. it cannot slow down the sudden rise in prices at all, so it tries to use it to reduce its debt. The Member States of the Union are therefore invited to compensate for the drop in purchasing power of their “citizens” by lowering taxes and providing benefits. But this is a never-ending circle: by helping their citizens, they tie their hands and feet to the European Central Bank, they chain themselves a little more to the US debts and become even poorer.

There is no remedy for this inflation. This is the first time that the West has had to mop up the dollars that Washington has recklessly printed for years. The rise in prices in the West corresponds to the cost of imperial spending over the last thirty years. Today and only today is the West paying for its wars in Yugoslavia, Afghanistan, Iraq, Libya, Syria and Yemen.

Until now, the United States killed anyone who threatened the supremacy of the dollar. It hanged President Saddam Hussein for refusing it and looted the Iraqi Central Bank. They tortured and lynched the leader Muamar el-Gaddafi who was preparing a new pan-African currency and looted the Libyan Central Bank. The gigantic sums amassed by these oil states disappeared without a trace. The only thing we saw was GI’s taking tens of billions of dollars wrapped in large garbage bags. By excluding Russia from dollar trade, Washington itself has brought about what it so feared: the dollar is no longer the international reference currency.

The majority of the rest of the world is not blind. It has understood what is happening and has rushed to the St. Petersburg Economic Forum, then tried to register for the virtual Brics summit. They realize -a little late- that Russia launched the “Partnership of Greater Eurasia”, in 2016 and that its Foreign Minister, Sergei Lavrov, had solemnly announced it at the UN General Assembly, in September 2018 [3]. During four years, quantities of roads and railroads were built to integrate Russia into the networks of the new “Silk Roads”, land and sea, imagined by China. It was thus possible to shift the flow of goods within a few months.

The fall in the value of the dollar and the shift in the flow of goods are causing an even greater rise in energy prices. Russia, which is one of the world’s leading exporters of hydrocarbons, has seen its revenues increase considerably. Its currency, the ruble, has never been in better shape. In response, the G7 has set a price ceiling for Russian oil and gas. It ordered the “international community” not to pay more.

But Russia is obviously not going to let the West set the prices of its products. Those who do not want to pay market prices will not be able to buy them, and no customer intends to go without to please the West.

The G7 tries to organize, at least intellectually, its supremacy [4].. This no longer works. The wind has changed. The four centuries of Western domination are over.

In desperation, the G7 has committed itself to solving the global food crisis that its policies have caused. The countries concerned know what the G7 commitments mean. They are still waiting for the great African development plan and other smoke and mirrors. They know that the West cannot produce nitrogen fertilizers and that they prevent Russia from selling theirs. The G7 aid is only a band-aid to keep them waiting and not to question the sacred principles of free trade.

The only possible option for the rescue of Western domination is war. Nato must succeed in destroying Russia militarily as Rome once razed Carthage. But it’s too late: the Russian army has much more sophisticated weapons than the West. It has already experimented with them since 2014 in Syria. It can crush its enemies at any time. President Vladimir Putin exposed the staggering progress of its arsenal to his parliamentarians in 2018 [5]

The Nato summit in Madrid was a nice communication operation [6]. But it was only a swan song. The 32 member states proclaimed their unity with the despair of those who fear to die. As if nothing had happened, they first adopted a strategy to dominate the world for the next ten years, naming China’s “growth” as a concern [7]. In doing so, they admitted that their goal is not to ensure their own security, but to dominate the world. They then opened the accession process for Sweden and Finland and considered approaching China with, as a first step, the possible accession of Japan.

The only incident, which was quickly brought under control, was the Turkish pressure that forced Finland and Sweden to condemn the PKK [8]. Unable to resist, the United States dropped its allies, the Kurdish mercenaries in Syria and their leaders abroad.

With this, they decided to increase the NATO Rapid Reaction Force from 40,000 to 300,000 men, 7.5 times, and station it on the Russian border. In doing so, they have once again violated their own signature, that of the Charter for Security in Europe, by directly threatening Russia. Russia has no possibility to defend its huge borders and can only ensure its security by ensuring that no foreign force sets up a military base on its borders (scorched earth strategy). Already, the Pentagon is circulating prospective maps of the dismantling of Russia that it hopes to implement.

The former Russian ambassador to NATO and current director of Roscosmos, Dmitry Rogozin, has responded by publishing on his Telegram account the coordinates of the NATO decision-making centers, including the Madrid summit room [9]. Russia has hypersonic launchers, for the moment impossible to intercept, which can carry a nuclear warhead in a few minutes to the NATO headquarters in Brussels and the Pentagon in Washington. To avoid any misunderstanding, Sergei Lavrov specified, alluding to the Straussians, that the martial decisions of the West were not taken by the military, but by the US State Department. It would be the first target.

So the question is: will the West play for all it’s worth? Will they take the risk of a Third World War, even though it has already been lost, just to avoid dying alone?

Translation
Roger Lagassé

Global Planned Financial Tsunami Has Just Begun

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By F. William Engdahl

Source: Global Research

Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history, a bubble it created. Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.

The extent of the “cheap credit” bubble that the Fed, the ECB and Bank of Japan have engineered with buying up of bonds and maintaining unprecedented near-zero or even negative interest rates for now 14 years, is beyond imagination. Financial media cover it over with daily nonsense reporting , while the world economy is being readied, not for so-called “stagflation” or recession. What is coming now in the coming months, barring a dramatic policy reversal, is the worst economic depression in history to date. Thank you, globalization and Davos.

Globalization

The political pressures behind globalization and the creation of the World Trade Organization out of the Bretton Woods GATT trade rules with the 1994 Marrakesh Agreement, ensured that the advanced industrial manufacturing of the West, most especially the USA, could flee offshore, “outsource” to create production in extreme low wage countries. No country offered more benefit in the late 1990s than China. China joined WHO in 2001 and from then on the capital flows into China manufacture from the West have been staggering. So too has been the buildup of China dollar debt. Now that global world financial structure based on record debt is all beginning to come apart.

When Washington deliberately allowed the September 2008 Lehman Bros financial collapse, the Chinese leadership responded with panic and commissioned unprecedented credit to local governments to build infrastructure. Some of it was partly useful, such as a network of high-speed railways. Some of it was plainly wasteful, such as construction of empty “ghost cities.” For the rest of the world, the unprecedented China demand for construction steel, coal, oil, copper and such was welcome, as fears of a global depression receded. But the actions by the US Fed and ECB after 2008, and of their respective governments, did nothing to address the systemic financial abuse of the world’s major private banks on Wall Street and Europe , as well as Hong Kong.

The August 1971 Nixon decision to decouple the US dollar, the world reserve currency, from gold, opened the floodgates to global money flows. Ever more permissive laws favoring uncontrolled financial speculation in the US and abroad were imposed at every turn, from Clinton’s repeal of Glass-Steagall at the behest of Wall Street in November 1999. That allowed creation of mega-banks so large that the government declared them “too big to fail.” That was a hoax, but the population believed it and bailed them out with hundreds of billions in taxpayer money.

Since the crisis of 2008 the Fed and other major global central banks have created unprecedented credit, so-called “helicopter money,” to bailout the major financial institutions. The health of the real economy was not a goal. In the case of the Fed, Bank of Japan, ECB and Bank of England, a combined $25 trillion was injected into the banking system via “quantitative easing” purchase of bonds, as well as dodgy assets like mortgage-backed securities over the past 14 years.

Quantitative madness

Here is where it began to go really bad. The largest Wall Street banks such as JP MorganChase, Wells Fargo, Citigroup or in London HSBC or Barclays, lent billions to their major corporate clients. The borrowers in turn used the liquidity, not to invest in new manufacturing or mining technology, but rather to inflate the value of their company stocks, so-called stock buy-backs, termed “maximizing shareholder value.”

BlackRock, Fidelity, banks and other investors loved the free ride. From the onset of Fed easing in 2008 to July 2020, some $5 trillions had been invested in such stock buybacks, creating the greatest stock market rally in history. Everything became financialized in the process. Corporations paid out $3.8 trillion in dividends in the period from 2010 to 2019. Companies like Tesla which had never earned a profit, became more valuable than Ford and GM combined. Cryptocurrencies such as Bitcoin reached market cap valuation over $1 trillion by late 2021. With Fed money flowing freely, banks and investment funds invested in high-risk, high profit areas like junk bonds or emerging market debt in places like Turkey, Indonesia or, yes, China.

The post-2008 era of Quantitative Easing and zero Fed interest rates led to absurd US Government debt expansion. Since January 2020 the Fed, Bank of England, European Central Bank and Bank of Japan have injected a combined $9 trillion in near zero rate credit into the world banking system. Since a Fed policy change in September 2019, it enabled Washington to increase public debt by a staggering $10 trillion in less than 3 years. Then the Fed again covertly bailed out Wall Street by buying $120 billion per month of US Treasury bonds and Mortgage-Backed Securities creating a huge bond bubble.

A reckless Biden Administration began doling out trillions in so-called stimulus money to combat needless lockdowns of the economy. US Federal debt went from a manageable 35% of GDP in 1980 to more than 129% of GDP today. Only the Fed Quantitative Easing, buying of trillions of US government and mortgage debt and the near zero rates made that possible. Now the Fed has begun to unwind that and withdraw liquidity from the economy with QT or tightening, plus rate hikes. This is deliberate. It is not about a stumbling Fed mis-judging inflation.

Energy drives the collapse

Sadly, the Fed and other central bankers lie. Raising interest rates is not to cure inflation. It is to force a global reset in control over the world’s assets, it’s wealth, whether real estate, farmland, commodity production, industry, even water. The Fed knows very well that Inflation is only beginning to rip across the global economy. What is unique is that now Green Energy mandates across the industrial world are driving this inflation crisis for the first time, something deliberately ignored by Washington or Brussels or Berlin.

The global shortages of fertilizers, soaring prices of natural gas, and grain supply losses from global draught or exploding costs of fertilizers and fuel or the war in Ukraine, guarantee that, at latest this September-October harvest time, we will undergo a global additional food and energy price explosion. Those shortages all are a result of deliberate policies.

Moreover, far worse inflation is certain, due to the pathological insistence of the world’s leading industrial economies led by the Biden Administration’s anti-hydrocarbon agenda. That agenda is typified by the astonishing nonsense of the US Energy Secretary stating, “buy E-autos instead” as the answer to exploding gasoline prices.

Similarly, the European Union has decided to phase out Russian oil and gas with no viable substitute as its leading economy, Germany, moves to shut its last nuclear reactor and close more coal plants. Germany and other EU economies as a result will see power blackouts this winter and natural gas prices will continue to soar. In the second week of June in Germany gas prices rose another 60% alone. Both the Green-controlled German government and the Green Agenda “Fit for 55” by the EU Commission continue to push unreliable and costly wind and solar at the expense of far cheaper and reliable hydrocarbons, insuring an unprecedented energy-led inflation.

Fed has pulled the plug

With the 0.75% Fed rate hike, largest in almost 30 years, and promise of more to come, the US central bank has now guaranteed a collapse of not merely the US debt bubble, but also much of the post-2008 global debt of $303 trillion. Rising interest rates after almost 15 years mean collapsing bond values. Bonds, not stocks, are the heart of the global financial system.

US mortgage rates have now doubled in just 5 months to above 6%, and home sales were already plunging before the latest rate hike. US corporations took on record debt owing to the years of ultra-low rates. Some 70% of that debt is rated just above “junk” status. That corporate non-financial debt totaled $9 trillion in 2006. Today it exceeds $18 trillion. Now a large number of those marginal companies will not be able to rollover the old debt with new, and bankruptcies will follow in coming months. The cosmetics giant Revlon just declared bankruptcy.

The highly-speculative, unregulated Crypto market, led by Bitcoin, is collapsing as investors realize there is no bailout there. Last November the Crypto world had a $3 trillion valuation. Today it is less than half, and with more collapse underway. Even before the latest Fed rate hike the stock value of the US megabanks had lost some $300 billion. Now with stock market further panic selling guaranteed as a global economic collapse grows, those banks are pre-programmed for a new severe bank crisis over the coming months.

As US economist Doug Noland recently noted, “Today, there’s a massive “periphery” loaded with “subprime” junk bonds, leveraged loans, buy-now-pay-later, auto, credit card, housing, and solar securitizations, franchise loans, private Credit, crypto Credit, DeFi, and on and on. A massive infrastructure has evolved over this long cycle to spur consumption for tens of millions, while financing thousands of uneconomic enterprises. The “periphery” has become systemic like never before. And things have started to Break.”

The Federal Government will now find its interest cost of carrying a record $30 trillion in Federal debt far more costly. Unlike the 1930s Great Depression when Federal debt was near nothing, today the Government, especially since the Biden budget measures, is at the limits. The US is becoming a Third World economy. If the Fed no longer buys trillions of US debt, who will? China? Japan? Not likely.

Deleveraging the bubble

With the Fed now imposing a Quantitative Tightening, withdrawing tens of billions in bonds and other assets monthly, as well as raising key interest rates, financial markets have begun a deleveraging. It will likely be jerky, as key players like BlackRock and Fidelity seek to control the meltdown for their purposes. But the direction is clear.

By late last year investors had borrowed almost $1 trillion in margin debt to buy stocks. That was in a rising market. Now the opposite holds, and margin borrowers are forced to give more collateral or sell their stocks to avoid default. That feeds the coming meltdown. With collapse of both stocks and bonds in coming months, go the private retirement savings of tens of millions of Americans in programs like 401-k. Credit card auto loans and other consumer debt in the USA has ballooned in the past decade to a record $4.3 trillion at end of 2021. Now interest rates on that debt, especially credit card, will jump from an already high 16%. Defaults on those credit loans will skyrocket.

Outside the US what we will see now, as the Swiss National Bank, Bank of England and even ECB are forced to follow the Fed raising rates, is the global snowballing of defaults, bankruptcies, amid a soaring inflation which the central bank interest rates have no power to control. About 27% of global nonfinancial corporate debt is held by Chinese companies, estimated at $23 trillion. Another $32 trillion corporate debt is held by US and EU companies. Now China is in the midst of its worst economic crisis since 30 years and little sign of recovery. With the USA, China’s largest customer, going into an economic depression, China’s crisis can only worsen. That will not be good for the world economy.

Italy, with a national debt of $3.2 trillion, has a debt-to-GDP of 150%. Only ECB negative interest rates have kept that from exploding in a new banking crisis. Now that explosion is pre-programmed despite soothing words from Lagarde of the ECB. Japan, with a 260% debt level is the worst of all industrial nations, and is in a trap of zero rates with more than $7.5 trillion public debt. The yen is now falling seriously, and destabilizing all of Asia.

The heart of the world financial system, contrary to popular belief, is not stock markets. It is bond markets—government, corporate and agency bonds. This bond market has been losing value as inflation has soared and interest rates have risen since 2021 in the USA and EU. Globally this comprises some $250 trillion in asset value a sum that, with every fed interest rise , loses more value. The last time we had such a major reverse in bond values was forty years ago in the Paul Volcker era with 20% interest rates to “squeeze out inflation.”

As bond prices fall, the value of bank capital falls. The most exposed to such a loss of value are major French banks along with Deutsche Bank in the EU, along with the largest Japanese banks. US banks like JP MorganChase are believed to be only slightly less exposed to a major bond crash. Much of their risk is hidden in off-balance sheet derivatives and such. However, unlike in 2008, today central banks can’t rerun another decade of zero interest rates and QE. This time, as insiders like ex-Bank of England head Mark Carney noted three years ago, the crisis will be used to force the world to accept a new Central Bank Digital Currency, a world where all money will be centrally issued and controlled. This is also what Davos WEF people mean by their Great Reset. It will not be good. A Global Planned Financial Tsunami Has Just Begun.

Thanks To The Rapidly Imploding U.S. Economy, Joe Biden’s Poll Numbers Have Plunged To Unprecedented Levels

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By Michael Snyder

Source: Economic Collapse Blog

These are not good times for Joe Biden.  When the U.S. economy is performing well whoever is in the White House is going to get most of the credit.  Likewise, when the U.S. economy is performing poorly whoever is in the White House is going to get most of the blame.  That is just the way that it is, and that is one of the primary reasons why most Americans are quite displeased with Joe Biden right now.  Things are not going well at all, and the outlook for the months ahead is even worse.  The American people are becoming increasingly frustrated, and a new Gallup poll that was just released discovered that “confidence” in the presidency has fallen to the lowest level ever recorded…

President Joe Biden has pushed the presidency to a place it hasn’t been in nearly 50 years.

In the latest Gallup poll, less than a quarter of those surveyed have “confidence” in the presidency, worse than during the Trump presidency and nearly as bad as the end of the George W. Bush presidency.

Going back to 1975, Gallup has never recorded a confidence reading as low as Biden’s 23%.

Other polls have come up with similarly stunning results.  For example, a different survey that was just released discovered that a whopping 88 percent of all Americans believe that the nation is heading in the wrong direction…

The White House was faced with another dire poll Tuesday that found that 54 percent of Americans believe the middle class hasn’t benefited ‘at all’ from President Joe Biden’s policies.

On top of that, the new Monmouth University Poll found that 88 percent of Americans surveyed said the country was headed in the wrong direction – with just 10 percent saying it’s headed the right way – a record low.

Just think about that.

88 percent.

In this day and age, it is difficult to get 88 percent of Americans to agree on anything.

But almost all of us seem to agree that the country is going downhill, and according to that same survey Americans are currently more concerned about economic matters than anything else…

Nearly half those surveyed said inflation and gas were the biggest concerns currently facing their families, with 33 percent saying inflation and 15 percent pointing to fuel costs.

A lot of people out there don’t really care much about what is going on in the world until it starts affecting their personal finances.

And these days the American people are feeling a tremendous amount of pain.

In fact, the consumer confidence index that is put out by the University of Michigan just fell to an all-time record low…

The University of Michigan’s gauge of consumer sentiment fell sharply to a record-low reading of 50.2, down from a May reading of 58.4. Economists polled by the Wall Street Journal had expected an June reading of 59.

The level is comparable to the low point reached in the middle of the 1980 recession, the university said.

The American people have never been more pessimistic about the economy.

Ever.

And we have a guy in the White House that has a really difficult time even putting a coherent sentence together at this point.

Of course the team around Biden is not exactly competent either.

Time after time, the Biden administration has made colossal blunders.  This week, we learned that someone in the Biden administration apparently thought that it would be a good idea to send oil from our strategic petroleum reserve to China…

Because he hates Americans, President Joe Biden is shipping much-needed American oil to foreign countries, including… China.

The whole idea of the Strategic Petroleum Reserve (SPR), which is owned by the U.S. government, specifically the U.S. Department of Energy, is to hold on to about 700 million barrels of oil in the event of an emergency or disruption.

I was floored when I first read that.

Who would be stupid enough to do such a thing?

Someday we are going to need the oil in the strategic petroleum reserve, and hopefully there will be some left when that moment finally arrives.

This week we have also been getting more numbers that indicate that the economic slowdown in the United States appears to be picking up speed.

According to LinkedIn, hiring in the U.S. is really starting to fall off…

LinkedIn, a unit of Microsoft, saw its hiring rate fall 5.4% month over month in June on a seasonally adjusted basis, the lowest level since December 2021, according to new data released on Friday. On an annual basis, the employment platform’s hiring rate tumbled 11.9% in June.

LinkedIn’s hiring rate is calculated based on the percentage of the platform’s members who added a new employer to their profile in the same month the new job began divided by the total number of LinkedIn members in the United States.

And we just learned that new vehicle sales during the month of June were depressingly low…

Automakers have now reported their June new vehicle sales, or their Q2 new vehicle sales, for the US, except Tesla, which doesn’t report US sales but only global sales. All automakers, even Toyota, and now even Tesla, are struggling with the ongoing semiconductor shortages, and they started the month of June with desperately low inventories on dealer lots and in transit.

And so new vehicle sales in June plunged by 13.5% from the already horribly beaten-down June 2021, to 1.127 million vehicles, and collapsed by 25% from June 2019, the last decent year in the industry, according to data released by the Bureau of Economic Analysis today

It appears that a recession is already here, and the months ahead are going to be really tough.

So I would encourage you to get out of debt.

And I would also encourage you to build up your emergency fund.

This is not a time to fritter away your money on unnecessary things.  You want to put yourself in the best position possible to weather the “perfect storm” that is ahead, because things certainly aren’t going to be getting easier from here.

As the economy deteriorates, the frustration of the American people is going to get deeper and deeper.

Needless to say, that isn’t good news for Joe Biden.

Controlling The Savages: COVID, Lockdowns, Shortages, and The Great Reset

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By Brandon Turbeville

Source: Activist Post

Who controls the food supply controls the people. Who controls the energy can control whole continues. Who controls money can control the whole world. – Henry Kissinger

Around 1868, the Indian Wars had briefly paused and the soon to be butchered treaties remained in force. However, the US Federal government and private interests were well aware that the “Indian Question” and “problem of the savages” was still unanswered. In other words, the “problem of the savages” was that the savages still existed. Those “savages” had been beaten back for years by the US regular army but they were not completely vanquished. In fact, despite being outmanned and outgunned and with little to no competition for the advancements in weaponry of the US Army, the Native Americans routinely routed the American military, at times slaughtering whole detachments.

But now that the secessionists had been dealt with, it became apparent that it was now time to remove the gloves from the iron fist of the coming settlements and that the Native Americans had to be annihilated, subjugated, or displaced from their native lands. Railroads, telegraphs, mines, and the like were all being hampered by the very existence of Native Americans.

Enter William Sherman, the general famous for his brutal March to the Sea, the burning of Atlanta, and the destruction of civilian infrastructure in the US Civil War. Say what you want about Sherman, the man knew how to win a war. He knew that breaking the backs of the civilian population and the ability of the society as well as military to sustain itself was a successful method of warfare. He also knew that the Native Americans relied upon buffalo for food and shelter and indeed their very survival. In a letter penned in 1868, he wrote that as long as the buffalo were alive, “Indians will go there. I think it would be wise to invite all the sportsmen of England and America there this fall for a Grand Buffalo hunt, and make one grand sweep of them all.”

And so it became unofficial Federal policy that the buffalo had to be extinguished in order to solve the vexing “Indian problem.” Over the next ten years, the buffalo were hunted by privateers, highly encouraged by the US government, to the point of near extinction. Where buffalo once numbered about 30 million, by the end of the 1800s, that number had been reduced to just a few hundred.

In Andrew C. Isenberg’s book, The Destruction Of The Bison, Isenberg writes of a reporter who asks a railroad worker, “Do the Indians make a living gathering these bones?’ Yes, replied a railroad inspector, ‘but it is a mercy that they can’t eat bones. We were never able to control the savages until their supply of meat was cut off.”

Fast forward to 2022. After nearly three years of COVID hysteria, lockdowns, economic disruptions, and schizophrenic government responses, the United States as a whole, as well as the rest of the world, is facing a food shortage. Claims that once belonged only to “preppers” and “conspiracy theorists” are now mainstream news items, with corporate media outlets reporting that some items may be in short supply or simply not available at all. All that is necessary is a brief internet search to see a myriad of mainstream reports of shortages of meat, vegetables, baby formula and many other staple items. Just a cursory walk around the local grocery store will reveal a fairly obvious shortage of many items though the pain is now mostly at the point of being an inconvenience moreso than a reason for panic. For now.

But talk of a food shortage is more than scattered news reports. Even the United Nations is warning of  one, but not just in the United States. The UN is warning of a global food shortage. As ABC News reports,

The head of the United Nations warned Friday that the world faces “catastrophe” because of the growing shortage of food around the globe.

U.N. Secretary-General Antonio Guterres said the war in Ukraine has added to the disruptions caused by climate change, the coronavirus pandemic and inequality to produce an “unprecedented global hunger crisis” already affecting hundreds of millions of people.

“There is a real risk that multiple famines will be declared in 2022,” he said in a video message to officials from dozens of rich and developing countries gathered in Berlin. “And 2023 could be even worse.”

Guterres noted that harvests across Asia, Africa and the Americas will take a hit as farmers around the world struggle to cope with rising fertilizer and energy prices.

“This year’s food access issues could become next year’s global food shortage,” he said. “No country will be immune to the social and economic repercussions of such a catastrophe.”

Notice that Gueterres also mentions the rising prices of fuel and fertilizer. This is something else that is being experienced worldwide, not just in the United States. Of course, Western media and the ruling party would have the population believe that Vladmir Putin is hoarding all the world’s gas via Ukraine, imposing restrictions and taxes on the vulnerable people of the United States who were on their way to energy independence just three short years. Now, however, they somehow woke up begging other countries for fuel, licking the boots of the Saudis, and blaming Vlad for the doubling of the price at the pump. Clearly, it has nothing to do with intentionally shutting off oil pipelines and punishing businesses and working people on behalf of the climate and faulty notion that man-made CO2 is causing temperatures to rise and the planet to reach a point of irreversible calamity.

Again, however, fuel prices aren’t just rising in the United States. They are rising across the world along with fertilizer and food costs and along with the price of just about any consumer good. Inflation, too – the hidden tax that is making itself well known in the United States – is popping up in the majority of countries across the globe. Who knew printing large amounts of money would cause that money to be worth less and thus cause prices to rise to compensate?

Living standards, too, are dropping all across the world with polio now rearing its head in the UK again for the first time since the 1980s. Polio, of course, is a disease that thrives on the low living standards and poor sanitation of the third world, a world which was partially imported to the UK all the while the standards of living (healthcare, sanitation, nutrition, etc.) have been gradually eroded. It’s not just the UK either. Living standards have been falling in the US for decades but accelerating recently. That is, of course, unless one chooses to believe silly “happiness indexes” repeated out of the UN to promote globalism and Free Trade policies.

Even basic services are falling apart. Labor shortages from pilots to the service industry are causing disruptions in the economy, rising prices, and chaos at airports. All happening globally.

Food shortages are happening globally. Food prices are rising globally. Fuel and fertilizer are rising globally. Living standards are falling globally. Inflation is rising globally. Labor shortages are global. Transportation is falling apart globally. See a pattern yet?

Everything disruption happening nationally is also happening globally. Are we expected to believe that every government across the world simply made the same stupid decisions at the same time? That none of them could figure out the source of the problem? Shouldn’t at least one of them have stumbled on the right path forward and lead the others through the mist? Or should we assume that there are more factors at play here and remember that anytime we see the same thing happening across the world at the same time agendas that are global in nature and have no respect for national boundaries are marching forward? I would argue the latter.

Keep in mind, all of these “global crises” came to be out of the “global pandemic,” itself at best an opportunity that was not allowed to go to waste. At worst, a global hoax designed to usher in the Great Reset. COVID, after all, is still a virus that has yet to be fully identified in a lab, yet the entire world was locked down at the same time, a prison planet brought in to being, upon this dubious evidence and weak justifications. Regardless, COVID’s biggest casualty was freedom.

None of the current crises have arisen on the basis of a chain of befuddled reactionaries acting in ignorant unison across the globe to an emerging “pandemic.” In fact, the only ones ignorant of the pandemic and coming responses were the unsuspecting civilians who willingly gave up their most basic rights over fear of a virus that has never been isolated in a lab and still is not able to be accurately tested for.

Still think COVID just surprised everyone in power as much as it did the unsuspecting citizens? Consider briefly how, in the months before the alleged pandemic arose, a simulation exercise was held at Johns Hopkins Center for Health Security in concert with the World Economic Forum and the Bill and Melinda Gates Foundation regarding the emergence of a global coronavirus pandemic that results in mass disruption of life and culture as we know it, economic chaos, and disruption of basic services.

As Tim Hinchcliffe wrote in his article, “A Timeline Of The Great Reset Agenda: From Foundation To Event 201 And The Pandemic of 2020,”

On May 15, 2018, Johns Hopkins Center for Health Security hosted the “Clade X” pandemic exercise in partnership with the WEF.

The Clade X exercise included mock video footage of actors giving scripted news reports about a fake pandemic scenario

. . . . .

The Clade X event also included discussion panels with real policymakers who assessed that governments and industry were not adequately prepared for the fictitious global pandemic.

“In the end, the outcome was tragic: the most catastrophic pandemic in history with hundreds of millions of deaths, economic collapse and societal upheaval,” according to a WEF report on Clade X.

“There are major unmet global vulnerabilities and international system challenges posed by pandemics that will require new robust forms of public-private cooperation to address” — Event 201 pandemic simulation (October, 2019)

Then on October 18, 2019, in partnership with Johns Hopkins and the Bill and Melinda Gates Foundation, the WEF ran Event 201.

During the scenario, the entire global economy was shaken, there were riots on the streets, and high-tech surveillance measures were needed to “stop the spread.”

. . . . .

Two fake pandemics were simulated in the two years leading up to the real coronavirus crisis.

“Governments will need to partner with traditional and social media companies to research and develop nimble approaches to countering misinformation” — Event 201 pandemic simulation (October, 2019)

The Johns Hopkins Center for Health Security issued a public statement on January 24, 2020, explicitly addressing that Event 201 wasn’t meant to predict the future.

“To be clear, the Center for Health Security and partners did not make a prediction during our tabletop exercise. For the scenario, we modeled a fictional coronavirus pandemic, but we explicitly stated that it was not a prediction. Instead, the exercise served to highlight preparedness and response challenges that would likely arise in a very severe pandemic.”

Intentional or not, Event 201 “highlighted” the “fictional” challenges of a pandemic, along with recommendations that go hand-in-hand with the great reset agenda that has set up camp in the nefarious “new normal.”

“The next severe pandemic will not only cause great illness and loss of life but could also trigger major cascading economic and societal consequences that could contribute greatly to global impact and suffering” — Event 201 pandemic simulation (October, 2019)

Together, the Johns Hopkins Center for Health Security, the World Economic Forum, and the Bill and Melinda Gates Foundation submitted seven recommendations for governments, international organizations, and global business to follow in the event of a pandemic.

The Event 201 recommendations call for greater collaboration between the public and private sectors while emphasizing the importance of establishing partnerships with un-elected, global institutions such as the WHO, the World Bank, the International Monetary Fund, and the International Air Transport Organization, to carry out a centralized response.

. . . . .

One of the recommendations calls for governments to partner with social media companies and news organization to censor content and control the flow of information.

“Media companies should commit to ensuring that authoritative messages are prioritized and that false messages are suppressed including though [sic] the use of technology” — Event 201 pandemic simulation (October, 2019)

According to the report, “Governments will need to partner with traditional and social media companies to research and develop nimble approaches to countering misinformation.

“National public health agencies should work in close collaboration with WHO to create the capability to rapidly develop and release consistent health messages.

“For their part, media companies should commit to ensuring that authoritative messages are prioritized and that false messages are suppressed including though [sic] the use of technology.”

Sound familiar?

Throughout 2020, Twitter, Facebook, and YouTube have been censoring, suppressing, and flagging any coronavirus-related information that goes against WHO recommendations as a matter of policy, just as Event 201 had recommended.

Big tech companies have also deployed the same content suppression tactics during the 2020 US presidential election — slapping “disputed” claims on content that question election integrity.

Take a look at the predictions made by Event 201:

  • Governments implementing lockdowns worldwide
  • The collapse of many industries
  • Growing mistrust between governments and citizens
  • A greater adoption of biometric surveillance technologies
  • Social media censorship in the name of combating misinformation
  • The desire to flood communication channels with “authoritative” sources
  • A global lack of personal protective equipment
  • The breakdown of international supply chains
  • Mass unemployment
  • Rioting in the streets (see source)

Only the last two are yet to have checkmarks beside them, though mainstream economists are pointing toward September as a possible date for the mass unemployment. Surely, unless there is some inflationary printing by governments, the riots will then follow.

At the core of the COVID scam as well as the subsequent crises mentioned above is the ushering in of an entirely new society, that depicted by UN Agenda 21 and the Great Reset, itself the beginning of a global society reminiscent of that depicted in the The Hunger Games.

So what is the Great Reset? Essentially, the term comes from both a June 3, 2020 event sponsored by the WEF entitled The Great Reset which featured statements from leaders of the IMF, World Bank, and members of the corporate and banking sectors of the United States and UK as well as book written by Klaus Schwab, founder of the WEF, entitled COVID19: The Great Reset. Both the book and the event echoed the same sentiment, i.e. that the world economy must be shut down and “reset” in order to usher in a new economy based upon the ideals of Agenda 21 and the Green New Deal.

Hinchcliffe again, in a separate article, “’The Great Reset Will Dramatically Expand The Surveillance State Via Real-Time Tracking’: Ron Paul,” writes,

The overall goal of the WEF’s so-called great reset agenda has always been to reshape the global economy and revamp every aspect of society, with or without COVID.

Trust becomes a major concern when you realize that the idea of tracking and tracing every human being on the planet was already championed by the WEF Founder Klaus Schwab years before COVID-19 arrived on the scene.

Another concern is whether to believe that the lockdowns, the limited mobility, the destruction of small businesses, the crashing of the economy, the home evictions, and the largest transfer of wealth in the history of the world are all necessary to stop an “invisible enemy,” along with the subsequent curtailing of freedom that hasn’t been seen in the free world since the beginning of the so-called War on Terror.

“This digital identity determines what products, services and information we can access – or, conversely, what is closed off to us” — WEF report

According to Schwab, the post-COVID fourth industrial revolution will lead to “a fusion of our physical, our digital, and our biological identities.”

In his books, “COVID-19: The Great Reset,” (2020) and “The Fourth Industrial Revolution” (2017), Schwab envisioned a future of tracking and tracing every individual through digital identities connected to the Internet of Bodies (IoB) ecosystem.

For example, in “The Fourth Industrial Revolution,” Schwab noted:

Any package, pallet or container can now be equipped with a sensor, transmitter or radio frequency identification (RFID) tag that allows a company to track where it is as it moves through the supply chain—how it is performing, how it is being used, and so on.

In the near future, similar monitoring systems will also be applied to the movement and tracking of people.

. . . . .

The digital identity agenda picked-up speed throughout 2020, starting with contact tracing and continuing with immunity passports to monitor and control citizen mobility for the greater good.

After attempting to justify mass surveillance in the interest of public health and safety, Schwab wrote in “COVID-19: The Great Reset” that in the post-pandemic era “the genie of tech surveillance will not be put back in the bottle,” and that “dystopian scenarios are not a fatality.”

Below are just a few quotes from “COVID19: The Great Reset:”

Now that information and communication technologies permeate almost every aspect of our lives and forms of social participation, any digital experience that we have can be turned into a “product” destined to monitor and anticipate our behavior.

. . . . .

The pandemic could open an era of active health surveillance made possible by location-detecting smartphones, facial-recognition cameras and other technologies that identify sources of infection and track the spread of a disease in quasi real time.

. . . . .

Dystopian scenarios are not a fatality. It is true that in the post-pandemic era, personal health and wellbeing will become a much greater priority for society, which is why the genie of tech surveillance will not be put back into the bottle.

. . . . .

The combination of AI, the IoT and sensors and wearable technology will produce new insights into personal well-being. They will monitor how we are and feel, and will progressively blur the boundaries between public healthcare systems and personalized health creation systems – a distinction that will eventually break down.

Hinchcliffe also writes:

Between 2014 and 2017, the WEF called to reshape, restart, reboot, and reset the global order every single year, each aimed at solving various “crises.”

2014: WEF publishes meeting agenda entitled “The Reshaping of the World: Consequences for Society, Politics and Business.”

2015: WEF publishes article in collaboration with VOX EU called “We need to press restart on the global economy.”

2016: WEF holds panel called “How to reboot the global economy.”

2017: WEF publishes article saying “Our world needs a reset in how we operate.”

In 2020, the coronavirus was the catalyst needed to enact the great reset plan that had been bubbling under the surface for years, and immunity passports are just another step in the overall plan to track and trace every citizen through their digital identity.

Without digressing too far, I would suggest reading my article, “Social Media, Universal Basic Income, and Cashless Society: How China’s Social Credit System Is Coming To America,” to see just how far characters like Klaus would like to drag the world’s population. It truly is essential reading at this stage of the game.

One of the few statements made by the WEF related to its future goals was a bizarre article published by Forbes entitled, “ Welcome To 2030: I Own Nothing, Have No Privacy And Life Has Never Been Better,” where the WEF contributor describes a futuristic society (eight years away) that resembles a feudalist communist utopia where there is no such thing as privacy or private property and AI runs society. The article is so bizarre because, while it attempts to paint a utopia, even the fictional narrator can’t seem to keep from sounding like a brainwashed cult member. It reads

My biggest concern is all the people who do not live in our city. Those we lost on the way. Those who decided that it became too much, all this technology. Those who felt obsolete and useless when robots and AI took over big parts of our jobs. Those who got upset with the political system and turned against it. They live different kind of lives outside of the city. Some have formed little self-supplying communities. Others just stayed in the empty and abandoned houses in small 19th century villages.

Once in a while I get annoyed about the fact that I have no real privacy. Nowhere I can go and not be registered. I know that, somewhere, everything I do, think and dream of is recorded. I just hope that nobody will use it against me.

All in all, it is a good life. Much better than the path we were on, where it became so clear that we could not continue with the same model of growth. We had all these terrible things happening: lifestyle diseases, climate change, the refugee crisis, environmental degradation, completely congested cities, water pollution, air pollution, social unrest and unemployment. We lost way too many people before we realized that we could do things differently.

Combined with the Social Credit System, UBI, and digital passports, UN Agenda 21, mentioned above, the next step after the world’s economic and cultural systems are “reset,” will be implemented, creating what is essentially a global version of the Soviet Union, gulags and all. For those who are unaware, UN Agenda 21 is an established and published plan developed by the United Nations Department of Economic and Social Affairs, Division for Sustainable Affairs. The plan, according to the UN website, is a “comprehensive plan of action to be taken globally, nationally and locally by organizations of the United Nations system, government, and major groups, in every area in which humans have impact on the environment.”

The plan essentially calls for government control of all land, where human and animal lifestyle and activity is strictly limited and controlled, humans rounded up into “habitat areas,” and individual rights are a thing of the past. Travel will be restricted to essential vehicles only and diet will be mandated by the dictates of the “needs” of the environment.

This is precisely why we are seeing chaos at airports for lack of pilots, why the supply chain is broken and why food is becoming scarce. This is not by accident. In fact, food-processing facilities have been burned,vandalized, and rendered inoperable all across the United States in seemingly random acts. But how random are they? Did a sudden mass psychosis take hold which prodded people into carrying out attacks against food-processing facilities? Or, again, is there an agenda afoot?

Is it any coincidence that the very goals set forth by Agenda 21 and the Great Reset have been met one by one in the last two years?

  • Economic shutdown and “reset” – COVID Lockdowns and furloughs, artificial labor shortages.
  • Food shortages – disruption of supply chain by lockdowns, labor shortage, “random” attacks on    food facilities, destruction of crops, culling of farm animals, rising fuel prices.
  • Restriction of travel – rising fuel prices, fewer cars functional due to trade disruption, harder to find parts, COVID travel restrictions, vaccine passports, digital monitoring of travel, pilot  shortages.
  • Loss of individual rights – slow burn for decades but COVID lockdowns, vaccine passports,   travel restrictions, right to gather all drastically infringed upon under “emergency measures” have eviscerated the concept of individual rights.
  • Unemployment – global economy already struggling before COVID, after the “pandemic,” however, many businesses simply disappeared.

But there is some light in all this. Where many people simply panicked at the outset of the “pandemic” and willingly gave up their rights and their critical thinking skills, the subsequent infringement upon their daily lives for such a sustained amount of time with little to no logical standards for actually preventing disease, many eventually began opening their eyes to the fact that another agenda was being put in place. In fact, more people than ever before have begun to openly question and oppose what their governments are doing in the name of keeping them safe and healthy.

So, after two years of having their most basic rights shredded and destroyed, the savages have become restless. They’ve started to realize that the treaties of the status quo between themselves and the global ruling glass were not being honored and so they began to question the legitimacy of that ruling class. They voted, they protested, they demonstrated, and refused to comply.

And what is the response of the ruling class? “We were never able to fully control the savages until their supply of meat was cut off.” It’s not very inventive but it is effective. So the question dear reader is, if you are a savage and your meat supply is being cut off, what should you do? Well, ask yourself what should the native Americans have done? I’ll leave that up to you but, I think you already know the answer.

The Cult of Globalism: The Great Reset and its ‘Final Solution’ for Useless People

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By Timothy Alexander Guzman

Source: Silent Crow News

The idea of the Great Reset derives from the New World Order which is still alive in the minds of the establishment or who we can call the globalists from people like Henry Kissinger to the current US president, Joe Biden.  Of course there are many others on the top levels of the pyramid whose ideas range from establishing a police state, to implanting microchips the day we are born to track and trace us, to depopulating the planet.  I know it all sounds insane but that’s what the globalists have planned for us for a very long time.  Klaus Schwab’s protégé, Yuval Noah Harari, is an Israeli born intellectual who authored a popular bestseller titled ‘Sapiens: A Brief History of Humankind’ and is also a professor of history at the Hebrew University of Jerusalem.  Harari once asked a disturbing question, “what to do with all these useless people?”  Harari is an intelligent man, there is no doubt about that, but his intelligence has led him to the level of insanity.  Harari is an influential member of the World Economic Forum (WEF) who supports the idea of creating a dystopian society managed by a handful of globalists who will rule over every human being on earth from the day they are born.  According to Harari, planet earth is overpopulated:    

Again, I think the biggest question in maybe in economics and politics of the coming decades will be what to do with all these useless people? The problem is more boredom and how what to do with them and how will they find some sense of meaning in life, when they are basically meaningless, worthless?

My best guess, at present is a combination of drugs and computer games as a solution for [most]. It’s already happening…In under different titles, different headings you see more and more people spending more and more time or solving the inner problems with the drugs and computer games both legal drugs and illegal drugs…

They also want people to stay home connected to the Metaverse world, a virtual reality simulation and at the same time get them addicted to all sorts of drugs.  The kind of world they are trying to create for us is pure lunacy.  Wired, a monthly magazine describes the metaverses as a combination of the digital and physical worlds that creates a virtual reality as in the Hollywood film, ‘Ready Player One,’ The article ‘What is the Metaverse, Exactly?’  answers that question, “Broadly speaking, the technologies companies refer to when they talk about “the metaverse” can include virtual reality—characterized by persistent virtual worlds that continue to exist even when you’re not playing—as well as augmented reality that combines aspects of the digital and physical worlds.”                              

Many other Hollywood films that are based on virtual reality in the future includes Jumanji, Source Code, The Matrix, Total Recall, Inception, and many others.  The globalists want you to believe that a dystopic society is in the works for us, but no worries, you will be completely happy at least according to Klaus Schwab.  In my opinion, the notion that the human species will be living their lives through virtual reality is far-fetched, it’s an illusion that will take decades even centuries to accomplish and that would only happen if we allowed it to happen.  Harari is saying that under a scientific, technocratic world order, the state will be your sole provider for everything, so basically, he says that families are not needed in this new world they are creating for us, in other words, having a family will be a thing of the past:

After millions of years of evolution suddenly within 200 years the family and the intimate community break, that they collapse most of the roles filled by the family for thousands and tens of thousands of years are transferred very quickly to new networks provided by the state and the market, you don’t need children, you can have a pension fund, you don’t need somebody to take care of you, you don’t need neighbors and sisters or brothers to take care of you if you’re sick, the state takes care of you, the states provide you with police, with education, with help with everything

Listen to Harari’s own words in this video:


The World in Crisis: A Stakeholder Economy, the Green Agenda and Covid-19    

Rahm Emanuel worked for US presidents Bill Clinton and Barack Obama under various titles, but one quote he will always be remembered for was when he said “you never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before.” That is exactly what happened under the Covid-19 global health emergency.  Klaus Schwab, who is the original founder, and executive chairman of the WEF published an article that outlines three basic components of the Great Reset titled ‘Now is the Time for a ‘Great Reset,’ in the first component, they would help steer or “improve coordination (for example, in tax, regulatory, and fiscal policy), upgrade trade arrangements, and create the conditions for a “stakeholder economy.”  How would this work? There are more than 195 countries in the world meaning that all these countries would have to establish a “unified” tax, regulatory and fiscal policy, all in sync, all with the same laws and that would be impossible even if they tried because all countries have different tax systems, different economies and cultures and that will not change because of a handful of globalists with outlandish ideas of a unified financial system they want to control for their own benefit.  It’s a ridicules idea.  In fact, more countries today are more open to imposing less taxes and regulations to attract foreign investments to grow their economies, so the WEF ‘s recommendations will never work, in fact its dead-on arrival. 

Then there is the looming financial crisis that can ultimately force the world into a Federal Reserve Bank “Digital Currency” known as central bank digital currencies (CBDCs) that will be tracked by the government on how you spend your money.  What can go wrong with this idea?  If in any case, you are not politically aligned with a particular party or refuse an experimental injection, then the government may block your transactions.  In other words, they can literally control when and how you spend your money and that is something most people will not accept.  An article published by Stefan Gleason who is an investor, political strategist, and grassroots activist wrote an interesting analysis last year for fxstreet.com titled ‘The Great Reset is Coming for the Currency’ asks what will be the next major issue for a Global Reset? “As the Great Reset proceeds from globalist think tanks and technology billionaires to allied media elites, governments, schools, and Woke corporations, what will be “reset” next?  The next reset will most likely take place in the financial sector as “Supporters of the World Economic Forum’s all-encompassing Great Reset agenda are eyeing BIG changes for the global monetary system.”  Biden’s Treasury Secretary and former Federal Reserve Chair, Janet Yellen wants to end the use of various cryptocurrencies and have the International Monetary Fund (IMF) issue CBDC’s.  “Yellen derided Bitcoin as “an extremely inefficient way to conduct transactions” because “the amount of energy consumed in processing those transactions is staggering.”  Gleason says that Yellen and her colleagues are planning to have the public use digitized tokens issued by the central bank.  The bottom line is that “They just want to make sure those digits are issued and controlled by governments and central banks.” 

The best way to avoid the Federal Reserve bank’s control over your finances is to own gold, silver, and other safe-haven assets.  “Anyone who is concerned about the prospect of being herded into a new digital currency regime should make it a high priority to own tangible money that exists outside the financial system.”  Gleason makes the case for owning gold and silver, “No technology or government mandate can change the fact that gold and silver have universally recognized, inflation-resistant value.”  At some point, the public will reject the Federal Reserve and its ‘digital currency’ if they can avoid it.  However, the best way to bypass CBDC’s in the future is to buy gold, silver, and other metals that that can maintain value and become resistant to inflationary pressures.  An important note to consider is that all US silver coins that were produced before 1964 were minted with 90% silver and 10% copper, so keep an eye on your pocket-change just in case you come across some silver coins with value. 

The second component “would ensure that investments advance shared goals, such as equality and sustainability. Here, the large-scale spending programs that many governments are implementing represent a major opportunity for progress.”  Which means that governments will be required to print an unlimited money supply to support their agenda that will eventually lead to inflationary pressures which can devastate their respective economies.  “Here, the large-scale spending programs that many governments are implementing represent a major opportunity for progress. The European Commission, for one, has unveiled plans for a €750 billion ($826 billion) recovery fund. The US, China, and Japan also have ambitious economic-stimulus plans.”  They are pushing for an expensive Green Agenda which is part of Joe Biden’s Build Back Better plan to reduce greenhouse gas emissions that will change how the world operates when it comes to using traditional energy resources such as coal, oil, and natural gas:

Rather than using these funds, as well as investments from private entities and pension funds, to fill cracks in the old system, we should use them to create a new one that is more resilient, equitable, and sustainable in the long run. This means, for example, building “green” urban infrastructure and creating incentives for industries to improve their track record on environmental, social, and governance (ESG) metrics

Last year, Forbes magazine published ‘Why Biden’s Climate Agenda Is Falling Apart’ which does explain how the Green Agenda is an expensive and unreliable scheme:

The vast majority of human beings want high rather than low economic growth, and so politicians ultimately choose policies that make energy cheap, not expensive.

And the limitations of weather-dependent renewables are more visible than ever. If California’s large wind energy project is built, it will provide less than half of the energy of California’s Diablo Canyon nuclear plant Newsom is planning to close in 2025, and it will be unreliable. During the heatwave-driven blackouts last summer, there was little wind in California or other Western states, meaning we can’t count on wind energy when we need it most. 

In other words, the Democrats’ climate change and renewable energy agenda is rapidly falling apart, and the reasons have far more to do with physics than with politics

Schwab proposes that the third component is basically the innovations that will lead to centralized control of the world’s health policies by the World Health Organization (WHO) However, the innovations began the moment  WHO officials declared a global Public Health Emergency more than 2 years ago.  Schwab mentioned the ‘Fourth Industrial Revolution’ which is described on the World Economic Forum’s website as a new system that “shapes new policies and strategies in areas such as artificial intelligence, blockchain and digital assets, the internet of things or autonomous vehicles, and enables agile implementation and iteration via its fast-growing network of national and sub-national centres.” Regarding Covid-19 or any other declared public health emergency in the future, the new system will be able “to support the public good, especially by addressing health and social challenges. During the COVID-19 crisis, companies, universities, and others have joined forces to develop diagnostics, therapeutics, and possible vaccines; establish testing centers; create mechanisms for tracing infections; and deliver telemedicine.”

However, there was a unified response put forward by a several nations including Brazil, India, Russia, China, Iran, South Africa, Malaysia and the practically the entire continent of Africa that rejected a pandemic treaty developed by the World Health Organization.  They all agreed that the treaty would allow authorities from the WHO to gain control of their health policies bypassing their rights as sovereign nations.  As the spirit of Tanzania’s late President, John Magufuli lives on, Reuters published the positive move on behalf of the African continent ‘Africa objects to U.S. push to reform health rules at WHO assembly’ regarding Africa’s 47 nations who rejected the treaty “African countries raised an objection on Tuesday to a U.S.-led proposal to reform the International Health Regulations (IHR), a move delegates say might prevent passage at the World Health Organization’s annual assembly.”  The treaty brought forward by the WHO and the US government was technically defeated which is a positive outcome considering what’s at stake:

If Africa continues to withhold support, it could block one of the only concrete reforms expected from the meeting, fraying hopes that members will unite on reforms to strengthen the U.N. health agency’s rules as it seeks a central role for itself in global health policy.

The IHR set out WHO members’ legally binding obligations around outbreaks. The United States has proposed 13 IHR reforms which seek to authorise the deployment of expert teams to contamination sites and the creation of a new compliance committee to monitor implementation of the rules.

But the African group expressed reservations about even this narrow change, saying all reforms should be tackled together as part of a “holistic package” at a later stage

Western powers along with top level WHO officials will try to persuade or blackmail sovereign nations who originally rejected the IHR treaty to reverse their decision with a new modified version in hopes of centralized control of any future pandemic, but the current decision made by those nations who rejected the treaty is welcoming news indeed.   

Just imagine the concept of a group of mostly unelected bureaucrats with the power to oversee a centralized control grid to rule over a global pandemic is Orwellian, in fact, the Great Reset kind of reminds me of the 1973 classic Hollywood film, Soylent Green with Charlton Heston based on the 1966 science fiction novel ‘Make Room! Make Room! by Harry Harrison based on a dystopian society.  The story is about a police investigation into the murder of a wealthy businessman while the world is experiencing a slow death from “greenhouse gases” that produced a variety of problems for humanity including overpopulation, pollution, poverty, crime, and the concept of enforced euthanasia by the state. 

Soylent Green is an example of what a deranged group of globalists or in this case, government bureaucrats would do to humanity if we did nothing to stop them.  In the film, Detective Thorn (played by Charlton Heston) warned his colleague Chief Hatcher (Brock Peters) “The ocean’s dying! Plankton’s dying! It’s people – Soylent Green is made out of people! They’re making our food out of people! Next thing they’ll be breeding us like cattle for food! You’ve gotta tell them, you’ve gotta tell them!” Although Soylent Green is obviously fictional, it’s a metaphor on how far globalists will be willing to go so that their agenda of world control and depopulation can succeed.  In the film, the state strongly encouraged and even facilitated suicide which turned the people into food for the remaining population.  It sounds insane but reading about the agenda of the Great Reset of you ‘owning nothing and being happy is the start of something more sinister in our future.  I am not saying that they will try to turn people into food in the future, but they are certainly trying to push forward other outrages solutions to feed the world such as the possibility of people eating insects to survive.  I wish this was a joke, but it’s not. 

Globalists are calling for the world’s population to be completely vaccinated with their Covid-19 experimental injections, in other words, they want total control over the world’s healthcare policies to enforce the use of facemasks and endless vaccination schemes through government-imposed mandates on the population although Covid-19 experimental injections are injuring and even killing thousands of people around the world.  Globalist plotters began their plan of action to implement their vaccine mandates as soon as the Public Health Emergency was announced, but there were governments who rejected the idea from the start.  On December 3rd, 2020, Brazil’s Minister of Foreign Affairs Ernesto Araujo clearly rejected the World Economic Forum’s Great Reset agenda by addressing the United Nations (UN) special session on COVID-19 by saying that “Those who dislike freedom always try to benefit from moments of crisis to preach the curtailing of freedom. Let’s not fall for that trap” In his conclusion, Araujo clearly states what is Brazil’s position on the idea of the Great Reset:

Fundamental freedoms are not an ideology. Human dignity requires freedom as much as it requires health and economic opportunities.  Those who dislike freedom always try to benefit from moments of crisis to preach the curtailing of freedom. Let’s not fall for that trap.  Totalitarian social control is not the remedy for any crisis. Let’s not make democracy and freedom one more victim of COVID-19

Is the World Ready to Embrace the Great Reset?  

In the geopolitical spectrum, globalists are set on punishing sovereign countries who do not obey a rules-based order under the Great Reset agenda in partnership with the US-NATO alliance leading the world to some form of conflict or regime change against Russia, China, Iran, Belarus, Syria, Venezuela, Nicaragua, Cuba, and any other nation who wants to remain sovereign at all costs. There are many who are vehemently opposed to such an idea, for example, on January 27th, 2021, Russian President Vladimir Putin spoke at the World Economic Forum (WEF) and basically rejected the idea of the Great Reset and gave a reasonable idea of humanity working together to achieve a prosperous future for all with “calls for inclusive growth and for creating decent standards of living for everyone are regularly made at various international forums. This is how it should be, and this is an absolutely correct view of our joint efforts” and that “It is clear that the world cannot continue creating an economy that will only benefit a million people, or even the golden billion. This is a destructive precept. This model is unbalanced by default.” Putin’s perception of the Great Reset or a unipolar world order is correct because it is destined for failure since the world is a complex place where nations have distinct cultures and history.  Putin questions how nations would respond to a Great Reset with a rules-based order run by an elite group of psychopaths that expect a harmonious transition from all nations who are willing to comply:

We are open to the broadest international cooperation, while achieving our national goals, and we are confident that cooperation on matters of the global socioeconomic agenda would have a positive influence on the overall atmosphere in global affairs, and that interdependence in addressing acute current problems would also increase mutual trust which is particularly important and particularly topical today.

Obviously, the era linked with attempts to build a centralized and unipolar world order has ended. To be honest, this era did not even begin. A mere attempt was made in this direction, but this, too, is now history. The essence of this monopoly ran counter to our civilization’s cultural and historical diversity.

The reality is such that really different development centers with their distinctive models, political systems and public institutions have taken shape in the world. Today, it is very important to create mechanisms for harmonizing their interests to prevent the diversity and natural competition of the development poles from triggering anarchy and a series of protracted conflicts

The rejection of the Great Reset and its associated global institutions and industries such as the WHO, NATO and Big Pharma is a step in the right direction and the globalists are in panic.  Brazil, Russia, the continent of Africa and others are proving that the Great Reset or that century’s old idea of a New World Order has become a failed project.  Some people might disagree with my analysis because many are pessimistic about their future because they believe that a Great Reset is inevitable, that there is no escape from it because it seems that things are getting out of control with ongoing wars, coming food shortages and a growing danger of a global medical tyranny.  However, I do believe that we are in the early stages of a great awakening, not a rules-based order managed by a group of globalists despite the endless propaganda on how the Great Reset will make the planet a better place for all of us.   

People and certain governments are awakening to the fact that a group of globalists are working against them on every level, and they are starting to fight back.  We do not want to be ruled by a centralized power telling us what to do or how to think.  The concept of the Great Reset has failed in many ways, but there is still work to do. 

Never give up, never allow a group of influential globalists whether they are billionaires or bankers, government bureaucrats or special interest groups, resist this ideology of a unipolar world order.  We can win this war, there is still time, I believe that we will prevail if we just don’t comply with their goal of them trying to control us, the useless people.  

The Age of Discord

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By Charles Hugh Smith

Source: Of Two Minds

It’s very difficult to find common ground that supports cooperation in the disintegrative stage of scarcities, rising prices, catastrophically centralized power and social discord.

Today’s topic echoes Peter Turchin’s 2016 book, Ages of Discord, which I have often referenced in blog posts.

I’ll also discuss two other books I’ve often referenced, Global Crisis: War, Climate Change and Catastrophe in the Seventeenth Century by Geoffrey Parker and The Great Wave: Price Revolutions and the Rhythm of History by David Hackett Fischer.

Turchin proposes repeating cycles of history of social integration (people finding reasons to cooperate) and disintegration (people finding reasons to not cooperate).

Clearly, we’re in a disintegrative stage.

Fischer proposed a repeating cycle of history in which humans expand their numbers and economy to consume all available resources.

Once all the low-hanging fruit has been consumed, scarcities arise, pushing prices above what commoners can afford, and the result is economic stagnation and social/political revolution.

Either humans exploit a new energy source at scale to provide for the larger population and higher consumption per person, or the population and consumption decline to fit available resources.

Parker covers the mutually reinforcing climate, political, social and economic crises of the 17th century. A long cycle of cold, wet summers reduced crop yields, leading to hunger and strife.

Parker also identifies another cause of the tumultuous, war-plagued 1600s: political leaders had consolidated too much power, enabling them to pursue disastrous wars without any restraint from competing domestic social-political interests.

Clearly, we’re in Fischer’s stage of overshoot and resource scarcity and Parker’s extremes of centralized power free to pursue catastrophic wars of choice.

In the 1600s, those launching wars reckoned a clean, decisive victory was within easy reach. In every case, the wars dragged on inconclusively or generated even wider conflicts.

In the end, all the wars were settled diplomatically, not by military victory. The military gains were nil while the destruction was widespread and devastating.

Fischer details how poorly humans respond to scarcity and higher prices, also known as inflation or more. accurately, as the decline in purchasing power of money and labor. As scarcities and higher prices take their toll, society unravels: crime and social disorder accelerate.

What we’re seeing in real time is a “circle the wagons” mentality of weeding out everyone but the True Believers in every movement. Litmus tests are handy for this test: answer wrong on any question and you’re cast out: heretic!

It’s not enough to tick one “progressive” or “conservative” box; you have to tick them all or you’re a heretic who cannot be trusted. If you leave one box unticked, you might untick a few more in the days ahead.

This puts pressure on everyone to declare their loyalty to the “party” even if the loyalty is just for show. This dishonesty pleases those demanding every box be ticked but this forced loyalty creates an illusion of solidarity that unravels under pressure.

Officials vie to offer pledges of loyalty to Chinese President Xi Jinping ahead of 20th Party Congress

Exacerbating this is social media, which rewards those promoting the most extreme and divisive positions and deranges the populace by substituting recognition online, which encourages disintegration, for real-world engagement, which encourages moderation and cooperation.

Online, it’s easy to be all-or-nothing: there should be no restrictions on social media, or we should just pull the plug and shut the whole mess down.

In the real world, these are knotty, nuanced problems. The Founding Fathers would not have tolerated sedition under the guise of free speech. The social order can only be maintained if every participant adheres to standards of civility and the common good.

When put under stress, humans harden their positions as a defensive measure. They become more argumentative and less tolerant, more strident in insisting that the One True Thing is the answer to our problems.

This leads to magical thinking, for example, that we can replace hydrocarbons with fusion or wind and solar. When the physical and cost limits of minerals are presented as impassable obstacles, people respond with denial: there must be a way to keep everything the same.

Humans have an easy time expanding their population and consumption per person and a hard time consuming less.

It’s very difficult to find common ground that supports cooperation in the disintegrative stage of scarcities, rising prices, catastrophically centralized power and social discord.

This requires accepting that we can cooperate with people on one issue even though all the other boxes of our group/party/movement are left unticked.

History suggests the disintegrative stage will run its course and consumption will realign with available resources one way or another, and the best we can do is preserve our own sanity, community and willingness to nurture small patches of common ground that support productive cooperation.

The Engineered Stagflationary Collapse Has Arrived – Here’s What Happens Next

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By Brandon Smith

Source: Alt-Market.us

In my 16 years as an alternative economist and political writer I have spent around half that time warning that the ultimate outcome of the Federal Reserve’s stimulus model would be a stagflationary collapse. Not a deflationary collapse, or an inflationary collapse, but a stagflationary collapse. The reasons for this were very specific – Mass debt creation was being countered with MORE debt creation while many central banks have been simultaneously devaluing their currencies through QE measures. On top of that, the US is in the unique position of relying on the world reserve status of the dollar and that status is diminishing.

It was only a matter of time before the to forces of deflation and inflation met in the middle to create stagflation. In my article ‘Infrastructure Bills Do Not Lead To Recovery, Only Increased Federal Control’, published in April of 2021, I stated that:

“Production of fiat money is not the same as real production within the economy… Trillions of dollars in public works programs might create more jobs, but it will also inflate prices as the dollar goes into decline. So, unless wages are adjusted constantly according to price increases, people will have jobs, but still won’t be able to afford a comfortable standard of living. This leads to stagflation, in which prices continue to rise while wages and consumption stagnate.

Another Catch-22 to consider is that if inflation becomes rampant, the Federal Reserve may be compelled (or claim they are compelled) to raise interest rates significantly in a short span of time. This means an immediate slowdown in the flow of overnight loans to major banks, an immediate slowdown in loans to large and small businesses, an immediate crash in credit options for consumers, and an overall crash in consumer spending. You might recognize this as the recipe that created the 1981-1982 recession, the third-worst in the 20th century.

In other words, the choice is stagflation, or deflationary depression.”

It’s clear today what the Fed has chosen. It’s important to remember that throughout 2020 and 2021 the mainstream media, the central bank and most government officials were telling the public that inflation was “transitory.” Suddenly in the past few months this has changed and now even Janet Yellen has admitted that she was “wrong” on inflation. This is a misdirection, however, because the Fed knows exactly what it is doing and always has. Yellen denied reality, but she knew she was denying reality. In other words, she was not mistaken about the economic crisis, she lied about it.

As I outlined last December in my article ‘The Fed’s Catch-22 Taper Is A Weapon, Not A Policy Error’:

‘First and foremost, no, the Fed is not motivated by profits, at least not primarily. The Fed is able to print wealth at will, they don’t care about profits – They care about power and centralization. Would they sacrifice “the golden goose” of US markets in order to gain more power and full bore globalism? Absolutely. Would central bankers sacrifice the dollar and blow up the Fed as an institution in order to force a global currency system on the masses? There is no doubt; they’ve put the US economy at risk in the past in order to get more centralization.’

The Fed has known for years that the current path would lead to inflation and then market destruction, and here’s the proof – Fed Chairman Jerome Powell actually warned about this exact outcome in October of 2012:

“I have concerns about more purchases. As others have pointed out, the dealer community is now assuming close to a $4 trillion balance sheet and purchases through the first quarter of 2014. I admit that is a much stronger reaction than I anticipated, and I am uncomfortable with it for a couple of reasons.First, the question, why stop at $4 trillion? The market in most cases will cheer us for doing more. It will never be enough for the market. Our models will always tell us that we are helping the economy, and I will probably always feel that those benefits are overestimated. And we will be able to tell ourselves that market function is not impaired and that inflation expectations are under control. What is to stop us, other than much faster economic growth, which it is probably not in our power to produce?

When it is time for us to sell, or even to stop buying, the response could be quite strong; there is every reason to expect a strong response. So there are a couple of ways to look at it. It is about $1.2 trillion in sales; you take 60 months, you get about $20 billion a month. That is a very doable thing, it sounds like, in a market where the norm by the middle of next year is $80 billion a month. Another way to look at it, though, is that it’s not so much the sale, the duration; it’s also unloading our short volatility position.”

As we all now know, the Fed waited until their balance sheet was far larger and until the economy was MUCH weaker than it was in 2012 to unleash tightening measures. They KNEW the whole time exactly what was going to happen.

It is no coincidence that the culmination of the Fed’s stimulus bonanza has arrived right after the incredible damage done to the economy and the global supply chain by the covid lockdowns. It is no coincidence that these two events work together to create the perfect stagflationary scenario. And, it’s no coincidence that the only people who benefit from these conditions are proponents of the “Great Reset” ideology at the World Economic Forum and other globalist institutions. This is an engineered collapse that has been in the works for many years.

The goal is to “reset” the world, to erase what’s left of free market systems, and to establish what they call the “Shared Economy” system. This system is one in which the people who survive the crash will be made utterly dependent on government through Universal Basic Income and one that will restrict all resource usage in the name of “carbon reduction.” According to the WEF, you will own nothing and you will like it.

The collapse is engineered to create crisis conditions so frightening that they expect the majority of the public to submit to a collectivist hive mind lifestyle with greatly reduced standards. This would be accomplished through UBI, digital currency models, carbon taxation, population reduction, rationing of all commodities and a social credit system. The goal, in other words, is complete control through technocratic authoritarianism.

All of this is dependent on the exploitation of crisis events to create fear in the population. Now that economic destabilization has arrived, what happens next? Here are my predictions…

The Fed Will Hike Interest Rates More Than Expected, But Not Enough To Stop Inflation

Today, we are witnessing the poisonous fruits of a decade-plus of massive fiat money creation and we are now at the stage where the Fed will reveal its true plan. Hiking interest rates fast, or hiking them slow. Fast hikes will mean an almost immediate crash in markets (beyond what we have already seen), slow hikes will mean a drawn out process of price inflation and general uncertainty.

I believe the Fed will hike more than expected, but not enough to actually slow inflation in necessities. There will be an overall decline in luxury items, recreation commerce and non-essentials, but most other goods will continue to climb in cost. It is to the advantage of globalists to keep the inflation train running for another year or longer.

In the end, though, the central bank WILL declare that the pace of interest rates is not enough to stop inflation and they will revert to a Volcker-like strategy, pushing rates up so high that the economy simply stops functioning altogether.

Markets Will Crash And Unemployment Will Abruptly Spike

Stock markets are utterly dependent on Fed stimulus and easy money through low interest rate loans – This is a fact. Without low rates and QE, corporations cannot engage in stock buybacks. Meaning, the tools for artificially inflating equities are disappearing. We are already seeing the effects of this now with markets dropping 20% or more.

The Fed will not capitulate. They will continue to hike regardless of the market reaction.

As far as jobs are concerned, Biden and many mainstream economists constantly applaud the low unemployment rate as proof that the American economy is “strong,” but this is an illusion. Covid stimulus measures temporarily created a dynamic in which businesses needed increased staff to deal with excess retail spending. Now, the covid checks have stopped and Americans have maxed out their credit cards. There is nothing left to keep the system afloat.

Businesses will start making large job cuts throughout the last half of 2022.

Price Controls

I have no doubt that Joe Biden and Democrats will seek to enforce price controls on many goods as inflation continues, and there will be a handful of Republicans that will support the tactic. Price controls actually lead to a reduction in supply because they remove all profits and thus all incentive for manufacturers to keep producing goods. What usually happens at that point is government steps in to nationalize manufacturing, but this will be substandard production and at a much lower yield.

In the end, supplies are reduced even further and prices go even higher on the black market because no one can get their hands on most goods anyway.

Rationing

Yes, rationing at the manufacturing and distribution level is going to happen, so be sure to buy what you need now before it does. Rationing occurs in the wake of price controls or supply chain disruptions, and usually this coincides with a government propaganda campaign against “hoarders.”

They will hold up a few exaggerated examples of people who buy truckloads of merchandise to scalp prices on the black market. Then, not long after, they will accuse preppers and anyone who bought goods BEFORE the crisis of “hoarding” simply because they planned ahead.

Rationing is not only about controlling the supply of necessities and thus controlling the population by proxy; it is also about creating an atmosphere of blame and suspicion within the public and getting them to snitch on or attack anyone that is prepared. Prepared people represent a threat to the establishment, so expect to be demonized in the media and organize with other prepared people to protect yourself.

Be Ready, It Only Gets Worse From Here On

It might sound like I am predicting success of the Great Reset program, but I actually believe the globalists will fail in the end. That’s not going to stop them from making the attempt. Also, the above scenarios are only predictions for the near term (within the next couple of years). There will be many other problems that stem from these situations.

Naturally, food riots and other mob actions will become more commonplace, perhaps not this year, but by the end of 2023 they will definitely be a problem. This will coincide with the return of political unrest in the US as leftist factions, encouraged by globalist foundations, demand more government intervention in poverty. At the same time, conservatives will demand less government interference and less tyranny.

At bottom, the people who are prepared might be called a lot of mean names, but as long as we organize and work together, we will survive. Many unprepared people will NOT survive. Understand that the economic conditions ahead of us are historically destructive; there is no way that serious consequences can be avoided for a large part of the population, if only because they refuse to listen and to take proper steps to protect themselves.

The denial is over. The crash is here. Time to take action if you have not done so already.