So Blackrock & Vanguard, who largely own and control both the Union Pacific Railway and CF Industries (fertilizer) had UP cut back the shipments of diesel fuel and fertilizer by 25-50% for no real reason.
And both Blackrock and Vanguard are on the board of Schwab's WEF?
This entire thing, including covid, has been entirely engineered. It's time for torches and pitchforks.
Stir fried crickets and grasshoppers. Yum! Oops, I guess we'll have to eat em raw because we won't be able to afford the electricity or gas to fry them. But we can rest easy knowing our great engineers of humanity (Schwab, Gates, and crew) will be relaxing on their yachts while dining on expertly prepared lobster and steak served by their masked servants.
And they're doing it with the power of OUR money. Perhaps we need an organized effort to take that power away from them?...though I do like the torches and pitchfork angle as well!
If you own stock in a company that does not mean you control that company.
Fertilizer problems exist because of Biden and Russian sanctions. American farmers were terrified of running afoul of this administration and even though it was allowed, they would not buy Russian fertilizer.
How do I put this nicely....any impression that the Biden administration is working to impede Russian expansion into Eastern Europe is for show and a complete fraud. Taken as a total package, this administration's policy edicts put Putin in the position of strength, restored his revenue stream, and provided him the technology injection he needed to resume his "destiny to reunite" (Putin's words) and rebuild the USSR. This administration suspended REAL sanctions, cut US production of energy products via regulatory action and administrative edict (every aspect of the energy industry is federally regulated), halted exports of energy products which put Europe back under Putin's dominance for energy products. The current war in eastern Europe would not be possible without those measures - putting OPEC+Russia back in control of energy products world wide.
There is more, plenty more, that this administration has done to benefit Putin's Russian vision. Those are just the highlights.
If you think the empty "sanctions" and tough talk mean anything, I respectfully submit that you review the entire record. And contrast it with the time period 2017 through 2020.
With due respect, you are totally incorrect about not controlling a company if you own stock. If you own enough stock...and Blackrock certainly does...you can indeed control company decisions.
There are two aspects of, in this case, fertilizer shortages:
1) Availability. While Russia does control a healthy % of ingredients, so do others. In this case, CF, a domestic produce. CF has never stated they have any shortage of fertilizer. The US is hardly dependent on Russian fertilizer, but Europe and Asia are.
2) Distribution. The fertilizer producers do not own the bulk distribution channels, truckers and rail do. And if the rail company, in this case UP, says "we will only ship 50% of this years product", exactly what can CF do? And if that same UP says "we are cutting back on rail shipments of diesel fuel and additives", what are retail distributors and truckers supposed to do? What alternatives are available for bulk distribution?
This entire "shortage" thing has been planned, and the Feebs administration Marxists endorse.
Bart, IMO you should consider, if you have not already, maximizing savings and maybe having a few extra food items on your shelf. Part of that is paring down living expenses (decide what you really need to live/live plus depending on your circumstances and how to lower the cost of the necessities). If you have been taking money out of the mkt, you need a plan for how/when you will plow it back into the mkt. Plus consider the tax implications. But is the question is what can you do about what the government does? Nothing if you are not a Christian. Vote for fiscally responsible ppl? I will answer that as a Christian: Pray for your leaders. Even the ones you do not like. Pray they make good decisions for their ppl).
Here is what worries me about the "maximize savings" part. As the currency is rapidly weakening, my savings in dollars is effectively shrinking. A friend who used to be president of a bank (retired) often talks about the potential for widespread bank failures. He notes that the primary protection against bank failures are "guarantees" by governments. In the US that means our federal government backing their guarantees with the ability to tax and the ability to issue currency (print money). The US congress created $13 trillion in new spending since Feb 2021. Combined with the automatic spending increases already built into the federal budget, we are approaching the point where spending exceeds the ability to tax. When that happens the "print money" kicks in and the value of money declines rapidly.
Already we're seeing this happen. The money you saved last year is not worth what it was last year. Those purchases you put off will consume more of your savings latter. Luxury purchases like food, gas, propane, and so on are all almost double what they were last year for the normal American household. 100% actual decline in the value of your dollars for essential purchases in one year...if this continues, savings will become useless.
All the money printing of the last several years is what I think the fed is wrestling with now. Luckily the stock market is taking care of some of that on its own. How much the Fed tightens, how fast... it should be interesting! I love it how the MSM tried to pretend we are not in recession already. Now will be go into stagflation? Yuck.
Yes, sitting on a pile of cash long term is not a wise investment. BUT you have to have it there and accessible especially for your family's welfare. If you lose your job, it allows you breathing space and to roll with the punches because when you are down, that is when things like your AC break. When things are expensive, that cash disappears quicker - hence keep a bigger pile at the ready. Paying off debt quicker, so you own the asset (like a house), is a good thing. There are mortgage payoff calculators out there on the net. Go fiddle with that for a few minutes. Paying yourself (paying down the principle) is better than paying Bank of America. Once you payoff your house, you really start packing away the money. Pay off the credit card each month, ditch the expensive phone plan, ditch the cable TV and all the channels, get yourself a storage of food in your house so your family can survive if things go sideways and you will be a LOT better off than simply lamenting inflation. Roof, food, electric and some cash to keep those things going then savings, investing... Best not to panic. Being prepared can keep you from doing that.
it's impossible to prepare thoroughly. your maximized savings would be worthless if we hit really high inflation. they can also shut off bank accounts, close banks, etc.
the only true way to prepare is to have land that you be self-sustaining on (animals, electricity, water, etc.). very few of us have the resources or capabilities to do that. and you would have had to of started years ago. otherwise you are dependent on the system.
Correct; that's why there will be a lot less people in big cities when this is all over, either by choice from relocation, or death from riots, violence, starvation, etc... Less people, easier to control who's remaining - that's the plan Stan.
Yes to impossible to prep thoroughly and yes, best to have started self-sustainable living long ago. Listen if they choose to, it doesn't matter how much you have saved or how many crops and animals you have - they can ruin you and take your stuff. Also, as someone who had a little self-sustaining farm, realize if the SHTF, your animals and crops, even if you protect them with weapons and dogs, they could end up in someone else's belly. SO barring the extreme, because Mad Max be mad, people should have a cash cushion that is larger than normal and as big as you can make it. If you have taken money out of the market, you have to gird up your loins and jump back in and you must decide when. Staying out because you are scared will keep you working forever. Pay off your house (or pay it down by getting a 15Y and double up on your payments when you can). Stock up on some non perishables in case it gets ugly. There are other things you can do, but those things are doable for everyone. Also don't sit around worrying. Just get on with doing the right thing. If you do, things are less likely to go sideways.
Good point El Gato. What concerns me is that while they're telling us it's transitory/nothing to see here, they are doing absolutely nothing - which makes it very clear to me that they either 1) do not know what to do, 2) don't really care about the coming economic conditions, 3) are so incompetent that they buy into their own narrative. Seems to me it's a combination of all three and if so, we will be on this course for quite some time.
or perhaps that they desperately need everyone to think the economy is OK through the midterms to limit damage.
i suspect there is a meaningful electoral component to their spin.
(though incompetence and having no idea what to do are certainly not mutually exclusive to this and likely constitute the reason they thought they could get away with it.)
I don't think they are worried about the midterms, nor are they incompetent. At least not totally. They plan another 'plandemic' (Biden just said so) to avoid the midterm cat-astrophe. What they need is for us to be compliant for as long as they can manage -- hopefully (from their perspective) until they have the screws clamped down firmly enough.
This is intentional and with malice aforethought. They deserve to rot in Hell and God willing, that might just be what happens. But while you can start the fire, you cannot control the wind. They've lit the country on fire -- remember the 'mostly peaceful' riots of 2020 -- but they are no longer in control. They maintain the appearance of control for now, but it will end when enough people take the red pill and refuse to go along anymore.
I'd like to believe this will happen but here in the (formerly great) state of Texas, I am appalled at the number of people I see every day wearing a mask while standing outside waiting for a bus (in 100F heat no less) or driving alone in their cars. I think the number of us that would actively fight back is a lot less than I'd hope.
Mass psychosis goes both ways. Once enough people have taken the red pill, and they see the wind change, they will mostly 'join the herd' just as they did with the plandemic hysteria. Most of them. There will be some that will never admit they were wrong, but mostly they will be sitting there with a dumbfounded look on their face, asking 'What is going on? What happened?'
They all think they are out there in the heat saving the world. Not realizing they are contributing to our downfall. I think this generation is relieved their war is so seemingly bloodless. In another time they would be fighting for real instead of own goaling us all.
Hopeful that 3 people will wake up to this sector of deception with Lara Logan’s ‘Selection’ ETA next month. And they tell 2 friends, and they tell 2... Ah probably naïve. Plus the 11th hour factor for this year. Nope, no better ideas. Is 3 people a good start?
It amazes me that there are people reading the usual suspects substacks who still think this is not a controlled demolition and instead blame it on incompetence.
Joe, I want to like that comment 1000 times. It is absolutely intentional. Incompetence and ignorance in the execution at some levels is inevitable but the people driving the collapse know exactly what they are doing.
David. No and I'll tell you why: if this were merely incompetence then we would see the Blind Squirrel and Broken Clock effects. But we do NOT see it. In fact, we never see any of their policies ever have even accidental benefits. Just by mere probability, if a good outcome was on the dartboard along with five thousand bad outcomes, you would eventually hit the good occasionally. No, this is deliberate. Let's all stop giving ourselves the pathetic comfort that these evil people don't intend our misery and death.
Yep. It's like the FBI making 37 'mistakes', but all going one direction. If they were honest mistakes, they would go both directions. Instead the 'mistakes' were ALWAYS beneficial to attacking Trump.
or 4) planned this into the script of "reality" to increase chaos and bring about their 4th industrial revolutionary digital economy of which they have told us over and over and over again via the wef and the bis and the imf spokespeople . . .
"The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994."
If anyone thinks this "biggest broadside" is going to tame inflation, there is a certain water crossing I'm selling equity in that would definitely interest you.
In order to kill the 70's inflation, Paul Volker raised the rate to 20%, but that is no longer an option today because of the gigantic amount of government debt.
The FED is trapped. They cannot aggressively raise rates because if they even go as high as 5%, the interest debt service alone would bankrupt the Federal government.
So, given the choice between subjecting the great unwashed to continuing high inflation or putting themselves and their fellow oligarchs in the poor house, which do you suppose they will choose?
This is an informed comment by libertate and deserves more upvotes.
However the demon clowns can just decouple sovereign debt from market rates by having the fed 'buy up' as many US treasuries as it wants. This of course means any market investor no-longer buys US treasuries but again that's just another digit they add on the Federal Reserve computers. This leaves current holders of US debt f*cked, which they might even see as a win. They have been floating essentially this tactic under the name MMT (Modern Monetary Theory).
The FED buying treasuries has been going on for some time now, as foreign nations, especially China, have largely curtailed buying US paper.
Since Bretton Woods was imposed, the USG has abused the dollar's reserve currency status, which allowed it to debase the currency on a grand scale since the inflationary effects were absorbed globally.
Now they are rapidly monetizing that debt by debasing the currency even more with FED printing up trillions in phantom money, but this time the global market has largely dried up, while the USG's voracious appetite for other people's money has only grown.
The USD's reserve currency status is coming to an end, soon. The writing is on the wall with the complete failure of the US sanctions regime against Russia which have driven the ruble to historic highs, the rise of alternatives to SWIFT, the utter inability of the chattering classes to grasp reality, and a flurry of other straws, too numerous to list, blowing in the wind.
The century-long progressive project to enslave the greatest economy in the world with the big-government, income tax, fiat currency-central bank yoke is coming to an end, and we are going to live through a major geopolitical shift.
What is of utmost importance is that those like us are still standing on the other side, to guide the nation back to the first principles that made it the most free and prosperous nation in history.
Spot on again. Peter Schiff liked to talk about 'going on a worldwide shopping spree with printed money -- of course manufacturing is going to go elsewhere.'
But relatively speaking it's a race to the bottom. Euro is devaluing faster than USD at the moment sliding from about $1.22 to $1.05.
If he'd listen to me I'd just say: "Look Peter, crypto is just an electronic currency alternative that doesn't rely on some gatekeeper who can block your transactions or disown you". "All participants must run compatible software that distributes the computation in a way that no one actor can impose fiat decisions on printing, transfers or property title."
"Cryptocurrency is money with functions/features that have never before been offered by any currency. THAT is the value you're not seeing, Peter."
"Doesn't mean there aren't possible attacks due to interventions by the State but that applies to Gold as well. Remember Baruch & Co. siezing everyone's gold in the 30s? hmm?"
[EDIT: That only applies to legit, well-tested Coins-- not scams like Ripple or the CBDCs]
so called progressive are for devaluing the us dollar, it is a feature not a bug. that is how they want to change peoples' lives. "to serve man....'
green, with no idea about quality of life in the green paradise is inflationary bc green is part of the plan to devalue the dollar.
modern monetary theory says you can borrow forever, what they fail to say is at one point you end like germany in 1933 where there is too much money and too few things but no one will lend to you any more. the last 2 trillion in stimi.....
the progressive are for the reset and that requires ruining us monetary system.
if the elections in 2022 do not toss the progressive it will be a defeat that may not recover.
I believe it's a Ponzi scheme that they're all in on. They've already pulled out their own money and put it into buying real assets. (For example, Gates bought all this farmland in the US.) They have their armed guards and gated mansions and are immune from any bad effects their own incompetence, ignorance and stubbornness have caused.
No, there are clearly 2 parties. One party wants to take your guns and rape your children while the other party wants to strenuously object to the majority fringe elements in their base who take issue with gun confiscation and pedophilia.
Can't Build Back Better until our country, sovereignty and economy are entirely destroyed, doncha know! Better living through Modern Monetary Theory? The question is "better for who?", because it won't be for the masses.
"... a lot of income is dominates by top earners...". Perhaps the most salient comment in the article (which is wonderful, thanks). When WH says household savings are higher, etc. they are talking about people who have such big belts they can tighten interminably. Those people were further enriched by stimulus, stay at home savings, crazy engineering salaries and an ever-ebullient stock market and it will be a long time before they feel the pain. By the time those at the bottom of the ladder, the real working class, figure out the stimulus effects are over and cost-cutting at the top is threatening their livelihoods, they won't be able to climb out. Add to that increased cost of borrowing to stay afloat, etc. We have created a skewed picture that can scarcely be recognized by past events. Rich ground for manipulation and deceit.
Who remembers the famous last words of Ben "The Bearded Clam" Bernake, back on the eve of the 2008 meltdown?
"We believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system."
~ Ben Bernake, May 2007
Oops.
For a video compilation documenting several years of cluelessness from this Harvard and MIT trained "expert", have a watch, if you can fight back the nausea:
Well, they're pretty incompetent even at evil. No grand villains you can at least admire as you try to disembowel them. Just shabby greed and grubby grandiosity.
Great piece. This trajectory has existed for a long time now. Essentially all the toxic debt from 2008 was simply federalised (can-kicked). Rampant money printing was the only way to maintain the game. Now we're seeing the results of that. If you want to dive deeper into this stuff can highly recommend subreddit r/superstonk and the due diligence that's accumulated there since things nearly went boom in Jan 2021 with GameStop (https://www.reddit.com/r/Superstonk/). It may even be the best play for the coming economic maelstrom.
This. Also, the “independent” Fed lowered and kept interest rates to near-zero during Obama’s eight-year reign of error b/c it didn’t want to mar the Lightbringer’s historic “achievements.”
Yep. Those of us who pay attention to these things noticed the banking sector in trouble in late 2019. "Luckily" the "pandemic" was the perfect excuse to print up trillions of dollars to (once again) paper over the problem.
It is likely that they will raise rates just enough to tip the country into recession, but not enough to curb inflation. Food, fuel, cars, and home mortgages- the real things Americans will spend money on- are all going to be more expensive for a couple of years. This means less money spent at Target, Walmart, Amazon, or Apple. Also, while the RATE of inflation may come down in 12-24 months, the PRICE increases will stay there. Fuel will remain high due to lack of supply, we are several milllion units short of cars, and interest rates will continue to make homes unaffordable. Welcome to your stagflationary future. Curtesy of our incompetent elites.
I can explain all of these graphs. I am maxxing out my credit cards buying shoes. In two years time I will be able to boil them to make a nutritious soup. The shoes, I mean - not the cards. The cards will be long gone.
The economy is Safe and Effective. So say we all.
Two more weeks to flatten stagflation
HA!
Best comment ever.
"So say we all!" (Said with the glazed over eyes and cultish look of awe and admiration required)
All of this has happened before. All of this will happen again.
Over spending is always the order of the day!
CDC recommends stimi check every 6 months to maintain economy effectiveness
I'd like to wrap some "safe and effective" piano wire around the necks of the bureaucrats in charge of keeping the economy healthy.
This has all happened before. And it will all happen again.
I would like to bring up an equally important topic: fuel and food shortages.
This video speaks volumes: https://www.youtube.com/watch?v=P7EFCIOwexg&t=483s
So Blackrock & Vanguard, who largely own and control both the Union Pacific Railway and CF Industries (fertilizer) had UP cut back the shipments of diesel fuel and fertilizer by 25-50% for no real reason.
And both Blackrock and Vanguard are on the board of Schwab's WEF?
This entire thing, including covid, has been entirely engineered. It's time for torches and pitchforks.
Stir fried crickets and grasshoppers. Yum! Oops, I guess we'll have to eat em raw because we won't be able to afford the electricity or gas to fry them. But we can rest easy knowing our great engineers of humanity (Schwab, Gates, and crew) will be relaxing on their yachts while dining on expertly prepared lobster and steak served by their masked servants.
https://www.bitchute.com/video/STzQ5Y5aR46c/
I was eating when I watched this... lost my appetite.
They overestimate their insulation from the consequences. When the burning times come, their walls and gates will not be worth a fart in a whirlwind.
Absolutely. The handwriting is on the wall, now we wait for the show.
What caliber pitchfork?
60
Pitchfork envy...the largest I have is .45
And they're doing it with the power of OUR money. Perhaps we need an organized effort to take that power away from them?...though I do like the torches and pitchfork angle as well!
The video is only 483 seconds long. It's over where you start! Just post the real URL: https://www.youtube.com/watch?v=P7EFCIOwexg
Larry Fink is listed on WEF's Board at https://www.weforum.org/about/leadership-and-governance
But I do not see anyone from Vanguard.
If you own stock in a company that does not mean you control that company.
Fertilizer problems exist because of Biden and Russian sanctions. American farmers were terrified of running afoul of this administration and even though it was allowed, they would not buy Russian fertilizer.
How do I put this nicely....any impression that the Biden administration is working to impede Russian expansion into Eastern Europe is for show and a complete fraud. Taken as a total package, this administration's policy edicts put Putin in the position of strength, restored his revenue stream, and provided him the technology injection he needed to resume his "destiny to reunite" (Putin's words) and rebuild the USSR. This administration suspended REAL sanctions, cut US production of energy products via regulatory action and administrative edict (every aspect of the energy industry is federally regulated), halted exports of energy products which put Europe back under Putin's dominance for energy products. The current war in eastern Europe would not be possible without those measures - putting OPEC+Russia back in control of energy products world wide.
There is more, plenty more, that this administration has done to benefit Putin's Russian vision. Those are just the highlights.
If you think the empty "sanctions" and tough talk mean anything, I respectfully submit that you review the entire record. And contrast it with the time period 2017 through 2020.
With due respect, you are totally incorrect about not controlling a company if you own stock. If you own enough stock...and Blackrock certainly does...you can indeed control company decisions.
There are two aspects of, in this case, fertilizer shortages:
1) Availability. While Russia does control a healthy % of ingredients, so do others. In this case, CF, a domestic produce. CF has never stated they have any shortage of fertilizer. The US is hardly dependent on Russian fertilizer, but Europe and Asia are.
2) Distribution. The fertilizer producers do not own the bulk distribution channels, truckers and rail do. And if the rail company, in this case UP, says "we will only ship 50% of this years product", exactly what can CF do? And if that same UP says "we are cutting back on rail shipments of diesel fuel and additives", what are retail distributors and truckers supposed to do? What alternatives are available for bulk distribution?
This entire "shortage" thing has been planned, and the Feebs administration Marxists endorse.
Yes it has, entirely! Follow the money.
A deep dive.
https://thephilosophicalsalon.com/a-self-fulfilling-prophecy-systemic-collapse-and-pandemic-simulation/
Where exactly will you be sticking your pitchfork?
"Where the sun don't shine" for $500, Alex...
The Daily Double!!!!!
Bart, IMO you should consider, if you have not already, maximizing savings and maybe having a few extra food items on your shelf. Part of that is paring down living expenses (decide what you really need to live/live plus depending on your circumstances and how to lower the cost of the necessities). If you have been taking money out of the mkt, you need a plan for how/when you will plow it back into the mkt. Plus consider the tax implications. But is the question is what can you do about what the government does? Nothing if you are not a Christian. Vote for fiscally responsible ppl? I will answer that as a Christian: Pray for your leaders. Even the ones you do not like. Pray they make good decisions for their ppl).
Here is what worries me about the "maximize savings" part. As the currency is rapidly weakening, my savings in dollars is effectively shrinking. A friend who used to be president of a bank (retired) often talks about the potential for widespread bank failures. He notes that the primary protection against bank failures are "guarantees" by governments. In the US that means our federal government backing their guarantees with the ability to tax and the ability to issue currency (print money). The US congress created $13 trillion in new spending since Feb 2021. Combined with the automatic spending increases already built into the federal budget, we are approaching the point where spending exceeds the ability to tax. When that happens the "print money" kicks in and the value of money declines rapidly.
Already we're seeing this happen. The money you saved last year is not worth what it was last year. Those purchases you put off will consume more of your savings latter. Luxury purchases like food, gas, propane, and so on are all almost double what they were last year for the normal American household. 100% actual decline in the value of your dollars for essential purchases in one year...if this continues, savings will become useless.
All the money printing of the last several years is what I think the fed is wrestling with now. Luckily the stock market is taking care of some of that on its own. How much the Fed tightens, how fast... it should be interesting! I love it how the MSM tried to pretend we are not in recession already. Now will be go into stagflation? Yuck.
Yes, sitting on a pile of cash long term is not a wise investment. BUT you have to have it there and accessible especially for your family's welfare. If you lose your job, it allows you breathing space and to roll with the punches because when you are down, that is when things like your AC break. When things are expensive, that cash disappears quicker - hence keep a bigger pile at the ready. Paying off debt quicker, so you own the asset (like a house), is a good thing. There are mortgage payoff calculators out there on the net. Go fiddle with that for a few minutes. Paying yourself (paying down the principle) is better than paying Bank of America. Once you payoff your house, you really start packing away the money. Pay off the credit card each month, ditch the expensive phone plan, ditch the cable TV and all the channels, get yourself a storage of food in your house so your family can survive if things go sideways and you will be a LOT better off than simply lamenting inflation. Roof, food, electric and some cash to keep those things going then savings, investing... Best not to panic. Being prepared can keep you from doing that.
it's impossible to prepare thoroughly. your maximized savings would be worthless if we hit really high inflation. they can also shut off bank accounts, close banks, etc.
the only true way to prepare is to have land that you be self-sustaining on (animals, electricity, water, etc.). very few of us have the resources or capabilities to do that. and you would have had to of started years ago. otherwise you are dependent on the system.
Correct; that's why there will be a lot less people in big cities when this is all over, either by choice from relocation, or death from riots, violence, starvation, etc... Less people, easier to control who's remaining - that's the plan Stan.
Yes to impossible to prep thoroughly and yes, best to have started self-sustainable living long ago. Listen if they choose to, it doesn't matter how much you have saved or how many crops and animals you have - they can ruin you and take your stuff. Also, as someone who had a little self-sustaining farm, realize if the SHTF, your animals and crops, even if you protect them with weapons and dogs, they could end up in someone else's belly. SO barring the extreme, because Mad Max be mad, people should have a cash cushion that is larger than normal and as big as you can make it. If you have taken money out of the market, you have to gird up your loins and jump back in and you must decide when. Staying out because you are scared will keep you working forever. Pay off your house (or pay it down by getting a 15Y and double up on your payments when you can). Stock up on some non perishables in case it gets ugly. There are other things you can do, but those things are doable for everyone. Also don't sit around worrying. Just get on with doing the right thing. If you do, things are less likely to go sideways.
Good point El Gato. What concerns me is that while they're telling us it's transitory/nothing to see here, they are doing absolutely nothing - which makes it very clear to me that they either 1) do not know what to do, 2) don't really care about the coming economic conditions, 3) are so incompetent that they buy into their own narrative. Seems to me it's a combination of all three and if so, we will be on this course for quite some time.
or perhaps that they desperately need everyone to think the economy is OK through the midterms to limit damage.
i suspect there is a meaningful electoral component to their spin.
(though incompetence and having no idea what to do are certainly not mutually exclusive to this and likely constitute the reason they thought they could get away with it.)
I don't think they are worried about the midterms, nor are they incompetent. At least not totally. They plan another 'plandemic' (Biden just said so) to avoid the midterm cat-astrophe. What they need is for us to be compliant for as long as they can manage -- hopefully (from their perspective) until they have the screws clamped down firmly enough.
This is intentional and with malice aforethought. They deserve to rot in Hell and God willing, that might just be what happens. But while you can start the fire, you cannot control the wind. They've lit the country on fire -- remember the 'mostly peaceful' riots of 2020 -- but they are no longer in control. They maintain the appearance of control for now, but it will end when enough people take the red pill and refuse to go along anymore.
I'd like to believe this will happen but here in the (formerly great) state of Texas, I am appalled at the number of people I see every day wearing a mask while standing outside waiting for a bus (in 100F heat no less) or driving alone in their cars. I think the number of us that would actively fight back is a lot less than I'd hope.
Mass psychosis goes both ways. Once enough people have taken the red pill, and they see the wind change, they will mostly 'join the herd' just as they did with the plandemic hysteria. Most of them. There will be some that will never admit they were wrong, but mostly they will be sitting there with a dumbfounded look on their face, asking 'What is going on? What happened?'
Not really. Mostly white people over 50, I'd say. But a fair amount look like kids in their 20's which makes me really sad.
They all think they are out there in the heat saving the world. Not realizing they are contributing to our downfall. I think this generation is relieved their war is so seemingly bloodless. In another time they would be fighting for real instead of own goaling us all.
@bill. Yes. Nailed it.
They “govern” as though they haven’t the slightest concern about losing elections. I wonder why that would be?
🤨
That's been my thought for the past year or two. They don't even pretend to care anymore about winning elections. Why might that be?
It's like they know how fortified the elections are......
It’s the darndest thing, isn’t it? A real baffler.
Hopeful that 3 people will wake up to this sector of deception with Lara Logan’s ‘Selection’ ETA next month. And they tell 2 friends, and they tell 2... Ah probably naïve. Plus the 11th hour factor for this year. Nope, no better ideas. Is 3 people a good start?
Bingo!
I'm ready to dip our fingers in ink.
... so we can avoid that the Pepsico Dems to lose the elections to the Coca Cola Republicans... while in the end Black _ock and Vanguard own both.
NO way out through elections, gato malo...
Agree
That is absolutely dismal, yet sadly believable
It amazes me that there are people reading the usual suspects substacks who still think this is not a controlled demolition and instead blame it on incompetence.
Joe, I want to like that comment 1000 times. It is absolutely intentional. Incompetence and ignorance in the execution at some levels is inevitable but the people driving the collapse know exactly what they are doing.
Can't it be both?
David. No and I'll tell you why: if this were merely incompetence then we would see the Blind Squirrel and Broken Clock effects. But we do NOT see it. In fact, we never see any of their policies ever have even accidental benefits. Just by mere probability, if a good outcome was on the dartboard along with five thousand bad outcomes, you would eventually hit the good occasionally. No, this is deliberate. Let's all stop giving ourselves the pathetic comfort that these evil people don't intend our misery and death.
Yep. It's like the FBI making 37 'mistakes', but all going one direction. If they were honest mistakes, they would go both directions. Instead the 'mistakes' were ALWAYS beneficial to attacking Trump.
At this point it can scarcely be doubted.
This. It’s getting awfully hard to deny that it is all on purpose.
or 4) planned this into the script of "reality" to increase chaos and bring about their 4th industrial revolutionary digital economy of which they have told us over and over and over again via the wef and the bis and the imf spokespeople . . .
This.
Option 4: they know precisely what they're doing and are actively pushing policies that further the destruction and collapse.
This explanation has the advantage of actually reflecting *everything * we have seen from the DC Regime since...geez. How far back should we go?
"The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994."
https://www.cnbc.com/2022/06/15/fed-hikes-its-benchmark-interest-rate-by-three-quarters-of-a-point-the-biggest-increase-since-1994.html
If anyone thinks this "biggest broadside" is going to tame inflation, there is a certain water crossing I'm selling equity in that would definitely interest you.
In order to kill the 70's inflation, Paul Volker raised the rate to 20%, but that is no longer an option today because of the gigantic amount of government debt.
The FED is trapped. They cannot aggressively raise rates because if they even go as high as 5%, the interest debt service alone would bankrupt the Federal government.
So, given the choice between subjecting the great unwashed to continuing high inflation or putting themselves and their fellow oligarchs in the poor house, which do you suppose they will choose?
It is time to embrace our inner Zimbabwe.
https://cdn.shopify.com/s/files/1/0251/2392/products/zimbabwe-banknotes-100-trillion-dollars-front.jpeg?v=1378484099
This is an informed comment by libertate and deserves more upvotes.
However the demon clowns can just decouple sovereign debt from market rates by having the fed 'buy up' as many US treasuries as it wants. This of course means any market investor no-longer buys US treasuries but again that's just another digit they add on the Federal Reserve computers. This leaves current holders of US debt f*cked, which they might even see as a win. They have been floating essentially this tactic under the name MMT (Modern Monetary Theory).
Thanks mate.
The FED buying treasuries has been going on for some time now, as foreign nations, especially China, have largely curtailed buying US paper.
Since Bretton Woods was imposed, the USG has abused the dollar's reserve currency status, which allowed it to debase the currency on a grand scale since the inflationary effects were absorbed globally.
Now they are rapidly monetizing that debt by debasing the currency even more with FED printing up trillions in phantom money, but this time the global market has largely dried up, while the USG's voracious appetite for other people's money has only grown.
The USD's reserve currency status is coming to an end, soon. The writing is on the wall with the complete failure of the US sanctions regime against Russia which have driven the ruble to historic highs, the rise of alternatives to SWIFT, the utter inability of the chattering classes to grasp reality, and a flurry of other straws, too numerous to list, blowing in the wind.
The century-long progressive project to enslave the greatest economy in the world with the big-government, income tax, fiat currency-central bank yoke is coming to an end, and we are going to live through a major geopolitical shift.
What is of utmost importance is that those like us are still standing on the other side, to guide the nation back to the first principles that made it the most free and prosperous nation in history.
Spot on again. Peter Schiff liked to talk about 'going on a worldwide shopping spree with printed money -- of course manufacturing is going to go elsewhere.'
But relatively speaking it's a race to the bottom. Euro is devaluing faster than USD at the moment sliding from about $1.22 to $1.05.
I agree with Schiff on pretty much everything, with the exception of BTC.
https://www.youtube.com/watch?v=sgRGBNekFIw
If he'd listen to me I'd just say: "Look Peter, crypto is just an electronic currency alternative that doesn't rely on some gatekeeper who can block your transactions or disown you". "All participants must run compatible software that distributes the computation in a way that no one actor can impose fiat decisions on printing, transfers or property title."
"Cryptocurrency is money with functions/features that have never before been offered by any currency. THAT is the value you're not seeing, Peter."
"Doesn't mean there aren't possible attacks due to interventions by the State but that applies to Gold as well. Remember Baruch & Co. siezing everyone's gold in the 30s? hmm?"
[EDIT: That only applies to legit, well-tested Coins-- not scams like Ripple or the CBDCs]
japan is finding out how well that works right now. it's taken a long time, but the outcome is not good.
the goal is to ruin the us dollar!
and you will adapt green no matter how cold you get and you can live without lights!
so called progressive are for devaluing the us dollar, it is a feature not a bug. that is how they want to change peoples' lives. "to serve man....'
green, with no idea about quality of life in the green paradise is inflationary bc green is part of the plan to devalue the dollar.
modern monetary theory says you can borrow forever, what they fail to say is at one point you end like germany in 1933 where there is too much money and too few things but no one will lend to you any more. the last 2 trillion in stimi.....
the progressive are for the reset and that requires ruining us monetary system.
if the elections in 2022 do not toss the progressive it will be a defeat that may not recover.
If you could print money (without going to prison) what would YOU do?
This question is perhaps the best argument of all for bringing back the gold standard.
Very few of us could resist the temptation. To think that politicians, of all people, would resist, is the ultimate folly.
I believe it's a Ponzi scheme that they're all in on. They've already pulled out their own money and put it into buying real assets. (For example, Gates bought all this farmland in the US.) They have their armed guards and gated mansions and are immune from any bad effects their own incompetence, ignorance and stubbornness have caused.
It's time for all you mouth breathers to do your patriotic duty and pull out an interest only second mortgage and buy more disposable consumer goods.
It's the only way to avoid the unavoidable recession that is definitely not going to happen until it does.
Just stay out of the heat to avoid blood clots and keep voting for the party that calls pedophiles Minor Attracted Person's.
Everything will be OK. Probably.
And vote for what other party? There is only one.
No, there are clearly 2 parties. One party wants to take your guns and rape your children while the other party wants to strenuously object to the majority fringe elements in their base who take issue with gun confiscation and pedophilia.
Exactly!!
There's none.
Sage advise
Can't Build Back Better until our country, sovereignty and economy are entirely destroyed, doncha know! Better living through Modern Monetary Theory? The question is "better for who?", because it won't be for the masses.
We are finally able to answer the question, "who's they?" because the whole lot of them have finally come out in the open for the entire world to see.
It's a bit like the problem of calling a demon by its truename though.
"... a lot of income is dominates by top earners...". Perhaps the most salient comment in the article (which is wonderful, thanks). When WH says household savings are higher, etc. they are talking about people who have such big belts they can tighten interminably. Those people were further enriched by stimulus, stay at home savings, crazy engineering salaries and an ever-ebullient stock market and it will be a long time before they feel the pain. By the time those at the bottom of the ladder, the real working class, figure out the stimulus effects are over and cost-cutting at the top is threatening their livelihoods, they won't be able to climb out. Add to that increased cost of borrowing to stay afloat, etc. We have created a skewed picture that can scarcely be recognized by past events. Rich ground for manipulation and deceit.
How about a little trip down memory lane?
Who remembers the famous last words of Ben "The Bearded Clam" Bernake, back on the eve of the 2008 meltdown?
"We believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system."
~ Ben Bernake, May 2007
Oops.
For a video compilation documenting several years of cluelessness from this Harvard and MIT trained "expert", have a watch, if you can fight back the nausea:
https://www.youtube.com/watch?v=HQ79Pt2GNJo
End the FED.
It's as though this administration's sole mission in life has been to make the Peter Principle Holy Writ.
If I recall correctly, the Peter Principle is based on incompetence.
What is happening now is, in many cases, deliberate.
/paging Mr. Obama, Mr. Soros and Mr Schwab....
Well, they're pretty incompetent even at evil. No grand villains you can at least admire as you try to disembowel them. Just shabby greed and grubby grandiosity.
And praying their incompetence will be their downfall.
Hoping our incompetence at fighting them won't be ours.
Nicely said, I can see the imagery in my mind’s eye.
Both are true. Deliberate action by people who are also incompetent!
Yes, I think you've got it!! 😉
Either explanation works for me. Close enough for government work, as they (used to) say.
To paraphrase Mary McCarthy’s famous remark about commie playwright Lillian Hellman:
“Every word they speak is a lie, and that includes ‘a’ and ‘the’ “
Commies can bring in communism without a fight by printing more and more trillions of dollars.
That's the plan. Equity is coword for communism. You will own nothing...
Mother of God help us.
But what if we collapsed Euro, dollar etc.... local economies, our own currencies?
Currencies should not be so liquid anyway. Anything against nwo
NWO holdings would drop 80, then90, 95, 99 %rtc..etc..You're $200k mortgage? Pay it off in 2 weeks of THEIR USELESS dollarsthey can EAT SHIT
We need to know who the 11% are, said all the multi level marketers.
i swear that's why they do these polls.
"todays economic survey brought to you by "sham wow!""
Going to set aside that line from the opening because sadly it's going to continue in relevance for a while.
https://m.imgur.com/a/dZQBqQO
thanks.
will probably steal that at some point.
Well done
Great piece. This trajectory has existed for a long time now. Essentially all the toxic debt from 2008 was simply federalised (can-kicked). Rampant money printing was the only way to maintain the game. Now we're seeing the results of that. If you want to dive deeper into this stuff can highly recommend subreddit r/superstonk and the due diligence that's accumulated there since things nearly went boom in Jan 2021 with GameStop (https://www.reddit.com/r/Superstonk/). It may even be the best play for the coming economic maelstrom.
This. Also, the “independent” Fed lowered and kept interest rates to near-zero during Obama’s eight-year reign of error b/c it didn’t want to mar the Lightbringer’s historic “achievements.”
Yep. Those of us who pay attention to these things noticed the banking sector in trouble in late 2019. "Luckily" the "pandemic" was the perfect excuse to print up trillions of dollars to (once again) paper over the problem.
It is likely that they will raise rates just enough to tip the country into recession, but not enough to curb inflation. Food, fuel, cars, and home mortgages- the real things Americans will spend money on- are all going to be more expensive for a couple of years. This means less money spent at Target, Walmart, Amazon, or Apple. Also, while the RATE of inflation may come down in 12-24 months, the PRICE increases will stay there. Fuel will remain high due to lack of supply, we are several milllion units short of cars, and interest rates will continue to make homes unaffordable. Welcome to your stagflationary future. Curtesy of our incompetent elites.
Sorry if I'm being a broken record - NOT incompetent.
I can explain all of these graphs. I am maxxing out my credit cards buying shoes. In two years time I will be able to boil them to make a nutritious soup. The shoes, I mean - not the cards. The cards will be long gone.
Hang onto those cards. They make a cool sound when stuck into the spokes of the wheel of the bicycle you'll be reduced to using.
Two wheels? Lucky bastard.
You have one wheel?
You've got somewhere to go? I'll be at home drawing shapes in the dirt with a stick.
I’m going to start buying my shoes one at a time.
🤣
'Never believe anything until officially denied. "