Economic Collapse

[XenaLives]

Yes, our partisan government is flushing $$ and democracy down the drain...

[copytele]

$$$ http://theeconomiccollapseblog.com/these-economic-numbers-are-staggering/

[sumisu]

Alert They Signal The End Of ‘Petro’ Status! 2023 Petrodollar Collapse

[wow_happens28]

Missing you Dan!!! You made this board special.

[wow_happens28]

The only thing that makes sense to me is "the powers that be" are doing two things to get us into a socialist NWO based on possibly a new form of socialism that sounds better than current socialism in China.

1. Making the business and social systems bad so most USA sheeple will welcome a change.
2. They are dumbing down our morals with planned unfairness, i.e. (January 6th BS), to get the Sheeple used to unfairness. In their planned system their will be a lot of unfairness.

Think about the Democrat supporters, such as government employees. Their perks will disappear after the NWO is set, i.e. China>>>
https://www.hrw.org/news/2021/09/22/china-dismantling-hong-kongs-unions

Now minorities supporting the socialists don't realise that socialism is just a nice sounding term for slavery.
https://www.cecc.gov/freedom-of-expression-in-china-a-privilege-not-a-right

So, IMO, the few supporting the socialism are being used and don't know it, and then the Deep State still has to cheat in elections to win and that is part of getting us used to unfairness. Oh and the other party is really part of the the Deep State, most of the "other side".

sumisu, get a hobby farm, lol, I know you do by your iHub photo, get some protection and supplies. Cash might not be worth much, stocks nothing.

Sad new year.

[sumisu]

Economic Disasters in 2023 - Robert Kiyosaki

[sumisu]

Forecast 2023 — Get Out of the Way if You Can’t Lend a Hand

https://kunstler.com/clusterfuck-nation/forecast-2023-get-out-of-the-way-if-you-cant-lend-a-hand/

[bigbux1]

Wait till next year, USA will be dark blue on that map!

[Ranb2khz]

Global Food Crisis Worsens As Hunger Hotspots Identified

World Food Programme (WFP) and the Food and Agriculture Organization of the United Nations (FAO) are out with a new report outlining countries that "are either already starving or on the brink of disaster."

WFP and FAO found 19 hunger hotspots worldwide, with most countries in Africa, the Middle East, and even some in Central America. They call for urgent humanitarian action between October 2022 and January 2023 to avoid "huge loss of life."

Afghanistan, Ethiopia, South Sudan, Somalia, Nigeria, Yemen, and Haiti are labeled "hotspots of highest concern," facing catastrophic hunger levels.



Chiara Pallanch, the Senior Analyst in the Analysis and Early Warning Unit at WFP, said the "world is facing a food crisis of unprecedented proportions, the largest in modern history. Millions are at risk of worsening hunger unless action is taken now."

"We have a choice: act now in the face of these unprecedented needs, to save lives and invest in solutions that secure stability and peace for all. Otherwise, we will see people around the world face rising food insecurity – and even famines – driving migration, unrest and conflict."

"There is now a very real risk that food and nutrition needs across the globe may soon outstrip WFP's or any organization's ability to respond," Pallanch said.

Meanwhile, in a separate report, the heads of global humanitarian and financial institutions warned:

The war in Ukraine continues to exacerbate the global food security and nutrition crisis, with high and volatile energy, food and fertilizer prices, restrictive trade policies, and supply chain disruptions.

Despite the reprieve in global food prices and the resumption of grain exports from the Black Sea, food remains beyond reach for many due to high prices and weather shocks. The number of people facing acute food insecurity worldwide is expected to continue to rise.

Fertilizer markets remain volatile, especially in Europe, where tight natural gas supplies and high prices have caused many producers of urea and ammonia to stop operations. This may reduce fertilizer application rates for the next crop season, prolonging and deepening the impact of the crisis.

None of this should come as a surprise to readers. As we recently pointed out, David Beasley, executive director at the UN World Food Programme, recently indicated the world's food security conditions are "worse" than what was observed during Arab Spring over a decade ago.

FAO's world food index still holds above levels that triggered social unrest across the Middle East and toppled governments in 2011, known as the "Arab Spring."



It looks like a global food crisis could rear its ugly head in 2023. We've pointed out "The Stage Is Being Set For A Massive Global Rice Shortage" and asked: "Major Food Crisis Coming In 2023?"

What's important to know is that countries most susceptible to food shortages risk a flare-up in social unrest. It's probably best if you avoid those regions in 2023.
_____________

https://www.zerohedge.com/geopolitical/global-food-crisis-worsens-hunger-hotspots-identified






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[bigbux1]

Blunt Warnings from Russia...https://halturnerradioshow.com/index.php/en/news-page/world/blunt-warnings-from-russia-foreign-minister-and-federation-council-nuclear-war-coming

[bigbux1]

Another war? https://halturnerradioshow.com/index.php/en/news-page/world/armenia-has-just-invoked-article-4-collective-self-defense-of-ctso-treaty-the-world-now-has-second-war-front

[Ranb2khz]

The U.S. Productive Sector Recession

Quantitative easing was designed as a tool to provide time for governments to implement structural reforms, boost growth and strengthen the economy. However, it has become a tool to increase the size of government and take increasingly riskier levels of debt.

The United States economy has not strengthened in the period of enormous fiscal and monetary stimuli, as the latest data shows. It needs increasing units of debt to generate a new unit of GDP, productivity is extremely poor and leading indicators are negative.

The main problem of loose monetary policy is that it massively increases the size of government on the way in, through debt and deficit spending monetization, but it also expands government on the way out as rate hikes and liquidity constraints impact households and small businesses but deficit spending and rising public debt remain. This “tightening” period is particularly negative in this crowding-out effect because the government is presenting every week new spending packages while the Fed tries to contain inflation curbing demand growth. The public sector is unaffected by the normalization of monetary policy, but the private productive sector suffers the crunch.

When the central bank tries to reduce inflation with rate hikes and monetary contraction but the government increases spending and keeps an astonishing pace of indebtedness what follows is wealth confiscation and stagnation.

The latest unemployment figures show the divergence between headline positive figures and the reality. Yes, the official unemployment rate is optically low, at 3.7%, but the labor participation rate remains at 62.4 percent or 1.0 percentage point below its February 2020 level. The employment to population ratio, at 60.1 percent in August, also remains 1.1 percentage points below its February 2020 value, according to the U.S. Bureau of Labor Statistics (BLS). Real wage growth is negative and consumer confidence remains extremely low. The Ipsos-Forbes Advisor U.S. Consumer Confidence Tracker fell back below the 50-point mark, which indicates contraction, in the first week of September. This is seven points lower than the January level. The Current and Investment sub-indices are both below the 40-point mark which indicates severe contraction for the sixth and fourth times this year, respectively.

The private sector is truly in a bad shape. The August S&P Global US Sector PMI shows all sectors in contraction. The report states that the Financials sector “continues to record the fastest fall in activity,” Healthcare “signals the sharpest decline in activity on record” while the Industrials and Technology output drops into contraction territory. And they say there is no recession risk?

The U.S. economy is projected to add just 8.3 million jobs from 2021 to 2031, also according to the BLS. Total employment is projected to grow 0.5 percent annually, which is half the 1.0 percent annual growth recorded over the 2011-21 decade. This, in a period in which we estimate that public debt will increase by another $10 trillion with an average annual deficit spending of one trillion.

Think of the trend for a second. The government adds trillions of so-called stimuli to the economy, the multiplier effect is inexistent even when all conditions remain positive, then the same government increase debt and deficits again due to an exogenous factor, and the result is even more debt.

In the past three decades the result is always the same. The United States economy exits a crisis with significantly more debt, lower employment growth, weaker real wage growth and slower GDP recoveries. Why? Government spending on everything and anything for any occasion is the equivalent of an athlete eating cake to face the challenging curves and expecting to run faster afterward.

Excessive monetary and fiscal intervention have left higher inflation and a weaker economy. Rate hikes may help reduce inflation, but permanent deficit spending will continue to erode the purchasing power of wages and deposits.

The United States seems to be on its way to a private sector contraction of unprecedented levels as it may affect all relevant industries at the same time. The divergence between the ISM indicator and the SP Global PMI indicator also shows another worrying trend: large businesses are doing fine in a high inflation-low growth economy but small and medium enterprises, which create around 65% of employment, are in deep contraction.

Some day we will understand that supply-side measures create less headlines but have a better impact on the economy than a constant increase in government size and spending followed by more debt, more taxes, and more inflation.
__________________

Author: Daniel Lacalle

About Daniel Lacalle: Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Author of bestsellers "Life In The Financial Markets" and "The Energy World Is Flat" as well as "Escape From the Central Bank Trap". Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Frequent collaborator with CNBC, Bloomberg, CNN, Hedgeye, Epoch Times, Mises Institute, BBN Times, Wall Street Journal, El Español, A3 Media and 13TV. Holds the CIIA (Certified International Investment Analyst) and masters in Economic Investigation and IESE.

https://www.dlacalle.com/en/the-u-s-productive-sector-recession/






•

[Ranb2khz]

A World on Fire

Every day, news reporters, traders, and workers of all sorts the world over wake to do their work as they always have. Part of that requires that everyone pretend that life is normal, fixable, and more or less stable. All of this is temporary. It will come and go and really not be that bad.

Strange, isn’t it? Human beings have a hard time adjusting to disaster, in their decision-making and even in their mindset. Reporters have to do their jobs as they are trained. Traders too. Everyone does. They please their bosses. They don’t sound alarms. They don’t scream and yell as they probably should.

But there is a moment in the day when the work is done and perhaps a cocktail comes out or the dishes are washed and the kids are in bed and the room falls silent. At this moment, millions and billions of people the world over know it. Disaster is all around us. We are just pretending otherwise, simply because this is what we have to do.

It was this way during lockdowns. They must know what they are doing otherwise why would we be forced to do this. If we all do our part, maybe this will end sooner rather than later. The experts surely know better than we do what is what. What can we do but trust?

Let us adjust and find a way to normalize all of this in our minds. We are powerless to change it in any case.

And thus the peoples of the world adjusted and will continue to do so as the fundamentals decay and rot, long past the end of lockdowns and most vaccine mandates, even as all the old rituals and signals of life as we once knew it fade further into memory.

Enough with the dreary existentialism. Let’s talk about life in a one-bedroom apartment in London. The price of energy for heat has nearly doubled, seemingly overnight. Truly, it took months but it has felt like one day to the next. The energy bills will be approaching a substantial portion of the rent itself. And the forecast — which one has to do because that’s how energy markets work on the consumer end — is showing a doubling and doubling again.

Here is what Goldman Sachs is seeing:



Small businesses cannot function under these conditions. “Tom Kerridge, the celebrity chef, revealed that the annual energy bill at his pub has soared from £60,000 to £420,000 and warned that ‘ludicrous’ price rises left the hospitality sector facing a ‘terrifying landscape’,” reports Telegraph.

This is all running wildly ahead of consumer prices generally. This is only through June. We are already approaching 100% inflation in energy:



Many will need to close up shop. The new Prime Minister Liz Truss, who calls herself a conservative, has capped price increases for consumers while pushing the largest spending bill to bail out energy companies ever. It truly seems like she had no choice. Yes, that’s what they all say, but in this case, it might be true simply because otherwise, the entire nation would totally fall apart.

It could happen anyway.

“The U.K. may be facing a wave of business bankruptcies exceeding anything witnessed during the post-2008 panic and recession,” reports Joseph Sternberg. “Some 100,000 firms could be forced into insolvency in coming months, bankruptcy consultancy Red Flag Alert warned this week. These are otherwise healthy firms with at least £1 million in annual revenue. Business failures on this scale would dwarf the roughly 65,000 firms of any size that went under from 2008-10.”

Everyone wants to know why. As always, there are a number of factors. The sanctions on Russia for its struggle over the borders of Ukraine were ill-advised. That has never stopped the deployment of such tactics: sanctions against Cuba still in force began 60 years ago, all in an effort to make some foreign state behave in a way that the US demands.

They have driven up the price of energy all over Europe and the UK. But even then, Russian sources only about 3% of the UK’s energy needs.

Another culprit is the fanatical attempt on the part of the government to convert a fossil-fuel economy to one powered by the wind and sun. For reasons of climate change, we know how good politicians are at controlling the global climate by taking away your consumer conveniences.

But really even these two factors would not be enough to cause this level of carnage. The real root of the problem is monetary, which in turn traces (again!) to lockdown policies: the wild currency debasement starting March 2020 and continuing through lockdowns has wrecked the place. How could they not see this coming? It’s ridiculous.

And it happened the world over. The chart below that I put together looks messy but it tells the whole story of how one generation of central bankers wrecked the world. The key on the left tells you monetary inflation rates and the key on the right tells you price inflation rates. One lags the other by 16-18 months. I’ve color-coded it so that you can see the relationships.

This covers the U.S. (green), the EU (red), and the UK (blue). You can see the massive oceans of paper being pumped out to cover up for the egregious evil of lockdowns. Do you remember those days when governments the world over imagined that they could somehow shut things down while keeping the data looking pretty with the printing press?



How Quickly Things Fall Apart

My friends in the UK are truly panicked. They want to come to the U.S. just to get away. But many of my friends are rebels and did not accept the vaccine because they are healthy and under the age of 80. They rejected the jab. Now they cannot come to the U.S. because the U.S. is still imposing rules that forbid travelers from foreign countries who are not vaccinated from getting across the borders.

These policies again trace to the lockdown era: March 12, 2020, in particular, when the office of the president decided on its own to do the unthinkable and shut travel from Europe, UK, Australia, and New Zealand. It caused family disruption, business loss, and tragedy all around. It is still not normalized, which makes the point: no one in Washington has any regrets.

This is the essence of policy in America today. Truly people are being locked out of our country for being insufficiently loyal to Pfizer, which seems to be the real government here at home, at least as it pertains to public health.

The most striking feature of that which afflicts the UK today is the sheer speed of it all. One day life was normal and then suddenly the bills were through the roof. No one could explain why. It was some kind of mystery, and extremely disorienting.

Why energy, for example? Well, inflation strikes in strange ways. It gravitates to the thing most vulnerable to price hikes. This could be dictated by fashion or policy or both. But when it happens, no power can stop it.

The story of going from normal to double and triple prices, forecasting to go much higher, reminds me of books I’ve read about Weimar, how things were fine until suddenly they were not and life itself took a shocking turn.

Until recently, Americans have looked at the chaos abroad and thought oh that’s what these weird foreign people do, just strange stuff with unstable governments and unsound financial systems. And yet right now it is happening to our mirror country across the pond, a place that Americans think of as cousins with a Royal family.

The remarkable thing is that the UK’s monetary policy was not as bad as the U.S.’s own. The only difference is that there is a larger international market for dollars than for pounds. This allows the Fed a bit of breaking room to do more damage.

But can it happen here? Yes, certainly, and it could happen before year’s end. The policies of the last three years have created an incredible powder keg. No one knows when it will go off, and no one knows what to do when it happens.

There are so many other data points: missing workers, food shortages, political instability, and the breathtaking entrenchment of Xi-backed lockdowns in China.

The world is on fire. Most people are not willing to think about it or talk about it. Yet.
____________________

Author: Jeffrey A. Tucker

About the Author: Jeffrey A. Tucker, Founder and President of the Brownstone Institute, is an economist and author. He has written 10 books, including Liberty or Lockdown, and thousands of articles in the scholarly and popular press. He writes a daily column on economics at The Epoch Times, and speaks widely on topics of economics, technology, social philosophy, and culture.

https://brownstone.org/articles/a-world-on-fire/






•

[Ranb2khz]

A List Of 33 Things We Know About The Coming Food Shortages

Things are far worse than you are being told. Over the past few months, I have been carefully documenting facts that show that global food production is going to be way down in 2022. Unfortunately, most people out there don’t seem to understand that the food that isn’t being grown in 2022 won’t be on our store shelves in 2023. We are potentially facing an absolutely unprecedented worldwide food crisis next year, but the vast majority of the population doesn’t seem very alarmed about this. So I would encourage you to help me get this warning out by sharing this list with as many people as you possibly can. As you will see below, we now have so many data points that it is impossible to deny what is coming.

The following is a list of 33 things we know about the coming food shortages:

#1 The hard red winter wheat crop in the United States this year “was the smallest since 1963”. But in 1963, there were only 182 million people living in this nation. Today, our population has grown to 329 million.

#2 It is being projected that the rice harvest in California will be “half what it would be in a normal year”.

#3 The U.S. tomato harvest will come in at just 10.5 million tons in 2022. That is over a million tons lower than a normal year.

#4 This will be the worst U.S. corn harvest in at least a decade.

#5 Year-to-date shipments of carrots in the United States are down 45 percent.

#6 Year-to-date shipments of sweet corn in the United States are down 20 percent.

#7 Year-to-date shipments of sweet potatoes in the United States are down 13 percent.

#8 Year-to-date shipments of celery in the United States are down 11 percent.

#9 Total peach production in the U.S. is down 15 percent from last year.

#10 Almost three-fourths of all U.S. farmers say that this year’s drought is hurting their harvests.

#11 Thanks to the endless drought, the total number of cattle in Oregon is down 41 percent.

#12 Thanks to the endless drought, the total number of cattle in New Mexico is down 43 percent.

#13 Thanks to the endless drought, the total number of cattle in Texas is down 50 percent.

#14 One beef producer in Oklahoma is now predicting that ground beef “could eventually top $50 per pound”.

#15 At least 40 percent of the United States has been suffering from drought conditions for 101 consecutive weeks.

#16 Overall, this is the worst multi-year megadrought in the United States in 1,200 years.

#17 Europe is currently experiencing the worst drought that it has seen in 500 years. In some parts of central Europe, river levels have fallen so low that “hunger stones” are being revealed for the first time in centuries.

#18 Corn production for the entire EU could be down by as much as one-fifth in 2022.

#19 We are being warned that there will be crop losses in France of up to 35 percent.

#20 It is being projected that crop losses in some areas of the UK could be as high as 50 percent.

#21 It is being reported that there will be crop losses “of up to 50 percent” in some parts of Germany.

#22 Some farmers in Italy have already lost “up to 80% of their harvest”.

#23 Agricultural production in Somalia will be down about 80 percent this year.

#24 In eastern Africa, the endless drought has already resulted in the deaths of at least seven million animals.

#25 In China, they are facing the worst drought that they have ever experienced in recorded history.

#26 India normally accounts for 40 percent of the global rice trade, but we are being warned that production in that country will be way down in 2022 due to “considerable rainfall deficits in key rice producing states”.

#27 A third of the entire nation of Pakistan was under water after recent floods absolutely devastated that nation, and agricultural areas were hit particularly hard. As a result, the vast majority of the crops in the country have been “washed away”…

It has also been estimated that roughly 65 per cent of the country’s food basket — particularly crops like rice, cotton, wheat and onion — have been washed away.

Pakistan Foreign Minister Bilawal Bhutto-Zardari, in an interview to CGTN earlier this week, offered an even starker outlook by saying that “about 80 to 90 per cent” of the country’s crops have been damaged by the floods.

#28 The prices of some fertilizers have tripled since 2021, while the prices of some other fertilizers have actually quadrupled.

#29 One payment company is reporting that the number of Americans using their app to take out short-term loans for groceries has risen by 95 percent.

#30 Demand at U.S. food banks is now even worse than it was during the height of the COVID pandemic.

#31 The World Health Organization is telling us that millions of people in Africa are now potentially facing a very real possibility of starving to death.

#32 According to the World Food Program, 828 million people around the world go to bed hungry each night. Needless to say, that number will soon be much higher.

#33 UN Secretary General António Guterres has publicly stated that he believes that it is likely that there will be “multiple famines” in 2023.

As global food supplies get tighter and tighter, so will the risk of civil unrest.

In fact, this has already been happening…

The risk of civil unrest has surged this year in more than half of the world’s countries, signaling a coming period of heightened global instability fueled by inflation, war, and shortages of essentials, a new analysis says.

According to Verisk Maplecroft, a UK-based risk consulting and intelligence firm, 101 of the 198 countries tracked on its Civil Unrest Index saw an increase in their risk of civil unrest between the second and third quarters of this year.

In recent weeks, we have seen absolutely massive protests in cities all over the planet.

But conditions aren’t even that bad yet.

So what will things be like in 2023 when it finally becomes exceedingly clear that there simply will not be enough food for everyone?

Wealthy countries will have the resources to buy up much of what is available on the market, and that means that many poor countries will deeply suffer.

If everything that you have read in this article sounds familiar, that is because we have been warned for years that such conditions were coming.

In 2023, there will be famines and civil unrest all over the globe.

This is not a drill. An extremely serious global food crisis has already begun, and I would encourage you to get prepared for what is ahead while you still can.
________________

https://www.zerohedge.com/geopolitical/list-33-things-we-know-about-coming-food-shortages






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[bigbux1]

' Dan ~ RIP' Is Dan really gone? Can you elaborate?

[bigbux1]

'he is already missed by many.' What does that mean? What's going on with Dan?

[sumisu]

Thanks for posting and very sad to hear about "Dan The Man," which I called him in our private conversations.

Dan posted an amazing amount of information and he is already missed by many.

[SkeBallLarry]

" Sad to hear, Dan ~ RIP " .. !

[SkeBallLarry]

Cisco tops estimates on revenue and profit >

https://www.cnbc.com/2022/08/17/cisco-csco-earnings-q4-2022.html

[SkeBallLarry]

Target’s earnings take a huge hit as retailer sells off unwanted inventory

This is a developing news story. Please check back for updates:

https://www.cnbc.com/2022/08/17/target-tgt-q2-2022-earnings.html

[SkeBallLarry]

Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit

This is a developing news story. Please check back for updates:

https://www.cnbc.com/2022/08/10/consumer-prices-rose-8point5percent-in-july-less-than-expected-as-inflation-pressures-ease-a-bit.html

[SkeBallLarry]

Novavax cuts 2022 revenue guidance in half >

https://www.cnbc.com/2022/08/08/novavax-cuts-2022-revenue-guidance-in-half-stock-tanks-in-after-hours-trading.html

[SkeBallLarry]

Roku downgraded to sell by Pivotal >

https://www.cnbc.com/2022/08/08/roku-downgraded-to-sell-by-pivotal-who-says-the-stock-should-be-shorted-amid-inevitable-recession.html

[SkeBallLarry]

Berkshire Hathaway reports operating earnings surge, but >

https://www.cnbc.com/2022/08/06/berkshire-hathaway-brk-earnings-q2-2022.html

[SkeBallLarry]

SoftBank posts a $21.6 billion quarterly loss >

https://www.cnbc.com/2022/08/08/softbank-vision-fund-posts-a-21point6-billion-quarterly-loss-.html

[basserdan]

Kunstler: A Glance Ahead

By James Howard Kunstler
August 5, 2022

What’s ahead — like a few months down the road? Hysteria and chaos, if the “Joe Biden” regime can help it… and they’re helping it all they can. Twice vaxxed, twice boosted, and twice recent Covid-19 patient Dr. Anthony Fauci warned this week that the unvaxxed would “get into trouble” as the seasons turn this year. The part he left out is: the unvaxxed will be in trouble trying to keep up with helping their sick and dying vaccinated relatives whose immune systems have been damaged by their multiple vaxxes.

The boldness of Dr. Fauci’s lying is really something to behold. Who in the entire HHS-NIH-CDC bureaucracy has failed to notice that the mRNA “vaccines” have no efficacy whatever against Covid-19? The vaccinated are by far those still getting sick and increasingly disabled from the disease and even more from the vaxxes themselves. The emperor’s new clothes hang in shreds. Rumor is that many upper-level employees in these public health agencies are increasingly freaked out by their now-obvious complicity in a momentous crime. They know they will have to answer for allowing the mRNA fiasco to get this far, for going along to get along, and they’re preparing to mutiny to save their own asses. Wait for it.

The regime’s back-up plan is the comical monkeypox, transmitted to date mainly via all-male orgies. HHS Secretary Xavier Becerra declared a national monkeypox emergency this week, saying he’d “explore every option on the table” (except an official advisory against homosexual orgies). There is, of course, reasonable suspicion that monkeypox is but one device for shutting down the November mid-term election, or, more deviously, closing polling places and allowing only mail-in ballots — the easiest way to rig elections.

That will lead naturally to several state’s attorneys general seeking relief in the Supreme Court against the federal government’s unconstitutional takeover of the states’ duty to conduct their elections. The “Joe Biden” regime will lose that one, but not before royally pissing off at least half the adults in the land, leading to even greater-than-anticipated election losses for the Party of Chaos.

Meanwhile, the Party of Chaos is about to unleash its “Inflation Reduction Act,” which proposes to spend three quarters of a trillion dollars created from thin air into an economy already hyperventilating on three years of multi-trillion-dollar injections derived from no productive activity. At the same time, the act will raise taxes especially for low-end wage earners and small businesses, completing the regime’s destruction of the middle-class. The cherry-on-top is the provision to double the size of the Internal Revenue Service by hiring 87,000 new employees to harass ordinary American taxpayers. Is that what you voted for in 2020? I thought not.

None of that is going to work as intended. More likely, passage of the act will trigger destruction of the dollar as the world’s reserve currency, and a stampede out of dollar-denominated investments, which is to say, a very severe financial crisis. Credit will freeze, the distribution and sales of goods will cease, interest will stop being paid on virtually all outstanding debt, the bond market will implode, few will have anything identifiable as money, and there will be little in the way of everyday goods like food and gasoline to buy anyway.

You realize, of course, that this is a description of economic collapse. If things roll that way, there will be absolutely no trust left in the US government. It will be either ignored or opposed. And in places like my own New York, under the tyrannical and titanically incompetent accidental Governor Kathy Hochul, there will be no trust in state government either. Meaning, we’re on our own, community-by-community. This will be a very interesting experiment in the dynamics of emergence — the self-organizing properties of systems in chaos. I doubt that it will resolve in the direction of the globalists’ dreams of transhuman technocracy. Every macro trend now runs against centralization.

But the process could conceivably invite an attempted Chinese takeover of the USA, if not militarily, then in a way similar to America’s asset-stripping operations in the collapsed Soviet Union of the 1990s, a looting spree — as seen many other times in history when empires founder. Or else, the rest of the world will just kick back and witness the spectacle of our struggle as the lights of Western Civ flicker out. (Europe will be right in it with us, by the way.) The other nations of the world are tired of us trying to push them around, with increasingly evil intentions. They will enjoy watching our tribulations. They will be convinced we deserve it.

This is what comes from a culture of immersive and pervasive dishonesty. Satan is the father of lies and we have become Satanic, being and doing evil, most especially to ourselves, whether you believe in a literal Satan or not. So, do you think now that being transgressive is… fun? You’ll be changing what’s left of your mind about that soon. Along with the threat of literal starvation will also arise a terrible hunger for truth: How did this happen? How did we come to do this? Who was behind it? It won’t be hard to find out, once we’re motivated to look.

https://kunstler.com/clusterfuck-nation/a-glance-ahead/

[basserdan]

Mike Savage - Illusions

By Mike Savage
August 4, 2022

While most people are busy earning a living and contemplating how they are going to keep up with rising prices and a crumbling society there are many things taking place that many are not paying attention to.

One great example is what is happening in Europe. This really ties into what I am talking about when I say that there is NO price discovery in almost any asset and that everything we are seeing is an illusion.

It can’t be argued that in Europe there are countries that can be considered “haves” like Germany and “have-nots” like Italy and Spain. Because of this, in a real market those “have not” countries would have to pay FAR more in interest because of the additional risks associated with funding their debts. The problem here would be that those countries would likely be insolvent in no time if they had to pay a true market price.

Since we have no real markets the central banks- in this case the ECB- can manipulate prices not only by buying bonds to keep rates low and bond prices high (this also allows governments to carry FAR more debt than they should be able to) but they can also manipulate the spreads (difference between rates of different countries). They are currently doing this by buying the bonds of the “have nots” and selling the bonds of the “haves”. This gives the Illusion that all is equal when it is certainly not.

If they were not doing this, it is likely that the Italian and other “have-not” bond yields would spiral higher and could propel the country into insolvency. This is a great example of how the central banks can help countries pretend they are solvent when it is readily apparent that without trillions of currency units created out of nowhere-they are not.

In the meantime, even though the central banks are intervening massively in the debt “markets” we are seeing unprecedented volatility in rates. This appears to me to be a case where even though there is massive intervention in the “markets”, since the debt is growing exponentially it appears that, at times, it is not enough.

The real problem here is that these actions take TRILLIONS of dollars, euros, Yen, etc. These actions don’t just happen out of nowhere. The cash has to be conjured up and assets have to be bought (or sold) to manipulate the price.

Keep in mind that I am focusing on bonds here but the very act of keeping rates low also keep stock and real estate “markets” elevated. Low rates allow for cheap borrowing and a lot of leverage. Rising rates reverses that flow.

As we look forward to fall, I am expecting a few things.

* Far higher prices for all the goods we need. I am particularly worried about energy and food. While we are paying far more already than we are used to paying, I believe prices will rise substantially for quite a long time. There are MANY reasons for this. At the top of the list would be the US dollar losing its lone reserve currency status and countries in the East looking inward and trading with each other making all natural resources more scarce in the West. I’m not even sure if a depression would give us any relief from this.

* Lower prices for homes and other goods that people may forego because of the rising cost of essential goods. With interest rates rising and the cost of daily living skyrocketing home affordability will likely take a massive hit.

* Large move up in the price of silver, gold and the companies that mine both. I saw an interview with Andy Schectman and he has stated that the banks have been amassing massive amounts of silver and that the banks have reduced their short positions (one of the mechanisms to keep the price artificially low) to record LOWS. It makes a lot of sense that an asset like silver which has been used as money in the past but also has MANY commercial uses- which means at some point there could be a physical shortage- should be FAR higher in price in my opinion. I believe that the banks see it coming and are getting ready for a massive U-turn. I believe that because of these actions we are getting close. When? I believe VERY soon- but who knows?

* Large move up in profitable companies that produce hard assets. I believe many of these companies who are producing things we need and are already making record profits have been beaten down recently because of the rising interest rates and also the fear of recession which, in the past, would have led to lower commodity prices. This time, however, we are in a situation where there are severe supply constraints and many countries are looking to keep their products at home to assure that their populations have adequate supplies. This could be a situation where demand could fall but prices (particularly for importing countries) could rise substantially. I have recently sat in on two meetings. One with Goldman Sachs and another with Invesco (people who run their commodity desks). After both meetings I came away with the feeling that my hypothesis is correct. There are SEVERE supply constraints that should lead to FAR higher prices.

While there is no guarantee that I am right at all here and it is Far less likely that I could time these things I am as sure as I could be that, at some point, all of the debt-based assets are going to implode together. At that time, I believe all that people will accept will be something real- whether it be gold, silver, oil, food, water, etc.

A good question for investors would be what assets will thrive in a situation like this and what assets could suffer in this scenario. Do you own assets that are at risk of rising or falling if the economic storm being predicted by almost all of the major banks along with the IMF and many governments comes ashore?

Is your portfolio positioned correctly?

Be Prepared!

https://lemetropolecafe.com/chien_du_cafe.cfm?pid=17877

[basserdan]

8:30a Non-farm payrolls
Nonfarm Payrolls - M/M 528,000 actual vs 398,000 (rev) prior
Unemployment Rate 3.5% actual vs 3.6% prior
Private Payrolls - M/M 471,000 actual vs 404,000 (rev) prior
Manufacturing Payrolls - M/M 30,000 actual vs 27,000 (rev) prior
Participation Rate 62.1 actual vs 62.2% prior
Average Hourly Earnings - M/M 0.5% actual vs 0.4% (rev) prior
Average Hourly Earnings - Y/Y 5.2% actual vs 5.2% (rev) prior year
Average Workweek 34.6hrs actual vs 34.6hrs (rev) prior
Consensus Outlook
A 250,000 rise is Econoday's consensus for nonfarm payroll growth in July which would be much lower than June's as-expected 372,000. Average hourly earnings in June cooled to 0.3 percent on the month and to 5.1 percent on the year with steady showings expected for July, at 0.3 and 5.0 percent.
Definition
The most closely watched of all economic indicators, the employment situation is a set of monthly labor market indicators based on two separate reports: the establishment survey which tracks 650,000 worksites and offers the nonfarm payroll and average hourly earnings headlines and the household survey which interviews 60,000 households and generates the unemployment rate.
Nonfarm payrolls track the number of part-time and full-time employees in both business and government. Average hourly earnings track employee pay while the average workweek, also part of the establishment survey, tracks the number of hours worked. The report's private payroll measure excludes government workers.
The unemployment rate measures the number of unemployed as a percentage of the labor force. In order to be counted as unemployed, one must be actively looking for work. Other commonly known data from the household survey include the labor supply and discouraged workers.

[SkeBallLarry]

Amazon to acquire maker of Roomba vacuum for roughly $1.7 billion

This is a developing news story. Please check back for updates:

https://www.cnbc.com/2022/08/05/amazon-to-acquire-maker-of-roomba-vacuum-for-roughly-1point7-billion.html

[basserdan]

Today's Economic Calendar
8:00 Fed's Barkin Speech
8:30 Non-farm payrolls
1:00 PM Baker-Hughes Rig Count
3:00 PM Consumer Credit

Today's Markets
In Asia, Japan +0.9%. Hong Kong +0.1%. China +1.2%. India 0.2%.
In Europe, at midday, London -0.2%. Paris -0.5%. Frankfurt -0.2%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq -0.2%. Crude +0.2% to $88.68. Gold -0.2% to $1802.80. Bitcoin +1% to $22,145.
Ten-year Treasury Yield +2 bps to 2.7%





There was no “insurrection”:
This false-flag misdirection
Was an effort to stump
Donald J. Trump
And prevent his reelection.

-F.R. Duplantier

[basserdan]

Updated Hurricane forecast for the rest of the season released today from CSU.

Some reduction but still above-average numbers expected.
http://spaghettimodels.com



https://twitter.com/tropicalupdate/

[basserdan]

10:30a EIA Natural Gas Inventory
Week over Week 41bcf actual vs 15 bcf prior

Definition
The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products.

[basserdan]

8:30a International Trade in Goods (Advance)
Balance $-79.6B actual vs $-84.9B (rev) prior
Consensus Outlook
A deficit of $81.9 billion is expected in June for total goods and services trade which would compare with a $85.5 billion deficit in May. Advance data on the goods side of June's report showed a narrowing of nearly $6 billion in the deficit.
Definition
International trade is composed of merchandise (tangible goods) and services. It is available nationally by export, import and trade balance. Merchandise trade is available by export, import and trade balance for six principal end-use commodity categories and for more than one hundred principal Standard International Trade Classification (SITC) system commodity groupings. Data are also available for 48 countries and 7 geographic regions. Detailed information is reported on oil and motor vehicle imports. Services trade is available by export, import and trade balance for seven principal end-use categories.


8:30a Initial Jobless Claims
Initial Claims - Level 260K actual vs 254K (rev) prior
Initial Claims - Change 6K actual vs -5K prior
4-Week Moving Average 254.75K actual vs 248.75K (rev) prior
Consensus Outlook
Jobless claims for the July 30 week are expected to come in at 260,000 versus 256,000 in the prior week.
Definition
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smooths out weekly volatility.

[basserdan]

Today's Economic Calendar
8:30 International Trade in Goods (Advance)
8:30 Initial Jobless Claims
10:30 EIA Natural Gas Inventory
12:00 PM Fed's Mester Speech
4:30 PM Fed Balance Sheet

Today's Markets
In Asia, Japan +0.7%. Hong Kong +2.1%. China +0.8%. India flat.
In Europe, at midday, London flat. Paris +0.7%. Frankfurt +1%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude +0.5% to $91.10. Gold +1.1% to $1795. Bitcoin -2.2% to $22,874.
Ten-year Treasury Yield -2 bps to 2.73%





Left-wing radicals running our schools
Do great harm with their inverted rules:
They oppose every norm,
Reject custom and form,
And show deference to freaks and to fools.
-F.R. Duplantier

[SkeBallLarry]

Bank of England launches biggest interest rate hike in 27 years as inflation soars

This is a developing news story. Please check back for updates:

https://www.cnbc.com/2022/08/04/bank-of-england-launches-biggest-interest-rate-hike-in-27-years.html

[SkeBallLarry]

Restaurant Brands International earnings top estimates >

https://www.cnbc.com/2022/08/04/restaurant-brands-international-qsr-q2-2022-earnings.html

[SkeBallLarry]

Walmart lays off corporate employees >

https://www.cnbc.com/2022/08/03/walmart-lays-off-corporate-employees-after-slashing-forecast.html

[basserdan]

9:45a PMI Composite Final
Composite Index 47.7 actual vs 52.3 Prior
Services Index 47.3 actual vs 52.7 prior
Consensus Outlook
The final services PMI for July is expected to hold at the 47.0 which was the first contraction in two years and 5 points below the consensus range.
Definition
US Services Purchasing Managers' Index (PMI) is based on monthly questionnaire surveys collected from over 400 U.S. companies which provide a leading indication of what is happening in the private sector services economy. It is seasonally adjusted and is calculated from seven components, including New Business, Employment and Business Expectations.


10:00a Factory Orders
Month over Month 2.0% actual vs 1.8% (rev) prior
Consensus Outlook
After jumping a much higher-than-expected 0.8 percent in May, factory orders in June are expected to rise 1.1 percent. Advanced data on the durables side of this report were released last week and showed a 1.9 percent rise.
Definition
Factory orders represent the dollar level of new orders for both durable and nondurable goods. This report gives more complete information than the advance durable goods report which is released one or two weeks earlier in the month.


10:00a ISM Service Index
Index 56.7 actual vs 55.3 prior
Consensus Outlook
The ISM services index has been slowing and is expected to slow noticeably in July, to a consensus 53.0 from June's 55.3.
Definition
The Institute for Supply Management surveys more than 375 service-providing firms from 16 industries (construction and mining are included). The services composite index has four equally weighted components: business activity (closely related to a production index), new orders, employment, and supplier deliveries (also known as vendor performance). The first three components are seasonally adjusted but the supplier deliveries index does not have statistically significant seasonality and is not adjusted. For the composite index, a reading above 50 percent indicates that the services economy is generally expanding; below 50 percent indicates that it is generally declining. The supplier deliveries component index requires extra explanation: a reading above 50 percent indicates slower deliveries and below 50 percent indicates faster deliveries.


10:30a EIA Petroleum Inventories
Delayed at source

[basserdan]

7:00a MBA Mortgage Applications
Composite Index - W/W 1.2% actual vs -1.8% prior
Purchase Index - W/W 1.0% actual vs -0.8% prior
Refinance Index - W/W 1.5% actual vs -3.7% prior

Definition
The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.

[basserdan]

Today's Economic Calendar
7:00 MBA Mortgage Applications
9:45 PMI Composite Final
10:00 Factory Orders
10:00 ISM Service Index
10:30 EIA Petroleum Inventories
10:30 Fed's Harker Speech

Today's Markets
In Asia, Japan +0.5%. Hong Kong +0.4%. China -0.7%. India +0.1%.
In Europe, at midday, London flat. Paris +0.2%. Frankfurt +0.2%.
Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.3%. Crude -1.1% to $93.40. Gold -0.4% to $1782.30. Bitcoin +2.3% to $23,375.
Ten-year Treasury Yield unchanged at 2.75%





A part of the Globalists' plan
For total control over man
With tyrants ascending
Our freedom is ending
Can men be this evil?...they can!

-The Limerick King

[basserdan]

10:00a Job Openings and Labor Turnover Survey
Job Openings 10.698M actual vs 11.303M (rev) prior

Consensus Outlook
Job openings in May did ease as expected, to 11.254 million, but remained near historically high levels. June's expectations are further easing to 11.0 million.

Definition
The Labor Department's JOLTS report tracks monthly change in job openings and offers rates on hiring and quits. The reporting period lags other employment data including the employment situation report. The word JOLTS stands for Job Openings and Labor Turnover Survey.

[basserdan]

Today's Economic Calendar
9:00 Fed's Evans Speech
10:00 Job Openings and Labor Turnover Survey

Today's Markets
In Asia, Japan -1.4%. Hong Kong -2.4%. China -2.3%. India -0.3%.
In Europe, at midday, London -0.2%. Paris -0.6%. Frankfurt -0.8%.
Futures at 6:20, Dow -0.5%. S&P -0.8%. Nasdaq -1%. Crude -0.5% to $93.38. Gold +0.1% to $1790.20. Bitcoin -2.3% to $22,755.
Ten-year Treasury Yield -5 bps to 2.55%





With Nancy on route to Taiwan
Prepare for the next global con
The future in store?
Our deadliest war
With justice and liberty gone

- The Limerick King

[SkeBallLarry]

Oil major BP boosts dividend >

https://www.cnbc.com/2022/08/02/oil-major-bp-earnings-q2-2022.html

[basserdan]

Kunstler: Atonement

By James Howard Kunstler
August 1, 2022

Boston, Massachusetts, may be even more Woked-up than the Pacific Coast cities. By “Woked-up” I mean susceptible to a quasi-religious frenzy that compels the performance of moral atonement scripts with an emphasis on obeisance to “experts” (credentialed hierophants) — such as Dr. Anthony Fauci, Dr. Rochelle Walensky, Dr. Klaus Schwab, and the various distinguished authors of Critical Race Theory. But it was still a bit of a shock last week to see the Boston Red Sox playing in sky blue and yellow uniforms in solidarity with the neo-Nazi failing state, Ukraine. I’d be surprised if Xander Bogaerts and Rafael Devers could find Ukraine on a map.

News flash to Boston: Russia’s “special operation” in Ukraine is all over except the shouting. Plus, nobody in the USA cares about it anymore, and if they do, probably for the wrong reasons. The right reason to care is that the “Joe Biden” regime’s insane campaign to destroy Russia has only brought Western Europe to the brink of collapse and ruin, thereby threatening the continuation of Western Civilization altogether.

You don’t hear much chatter about this emanating from, say, Harvard’s Kennedy School of Public Administration because, apparently, they’re all-in on the demolition of Western Civ. It is the ultimate act of atonement, and atonement for the sins of culture and politics is the currency for personal status in Woke Elitedom. America’s elites are secretly disgusted with themselves, especially about the wealth they have been able to grift out of all the racketeering that has replaced honest work in our country — and nowhere is the racketeering more grotesque, or more pretentiously caparisoned, than in the Ivy League universities. Status drives Wokery because Woke Elitedom has more money than it knows what to do with, so just having a lot of money means less than it used to — just ask Senator Elizabeth Warren.

Don’t worry. Soon they will have a lot less money. Or rather, first they will have a lot of money that’s worthless and then they will have no money, like everybody else. The demoralizing inflation underway leads to the destruction of credit and when enough credit is destroyed, there will be no money, since our money is based on credit. When that happens, see what your self-proclaimed moral purity will buy you.

The credit-driven money system is a metaphor representing the expectation that we will always have more of everything. That was surely the consensus in 1913 when the Federal Reserve was born. 1913 was the last year of the Belle Epoch, the beautiful era preceding the First World War. It was also the coming-of-age of economies based on oil. In that moment, Western Civ stood in amazement at its achievements and in thrall to its glittering future. The slaughter in the trenches of WWI shattered that confidence, nowhere more deeply than in Germany, which afterwards lurched from the degeneracy of the Weimar Republic to the depravity of Hitler’s Third Reich, and from there back to ruin in the Second World War.

Today’s Woke Elitedom of Europe, led by Germany, is deliberately driving the EU nations into a ditch without bothering to go to war. They certainly don’t have the military mojo to prosecute a war with Russia — which is what they would be doing if NATO intervened actively in Ukraine (ain’t gonna happen). Instead, they have torn-up reams of trade agreements and imploded a richly-constructed supply network of basic operating resources like oil, natgas, minerals, and grains in an absurd act of atonement, in obeisance to the experts at the World Economic Forum and the fiends behind “Joe Biden.” And lately, they are bent on destroying their food supply with cockamamie campaigns against their farmers, in line with WEF hallucinations about climate change.

As in the USA, the governments of Euroland have declared war on their own people. Germans are scuttling around collecting firewood now, with natgas looking scarce and unaffordable going into winter at the dark upper latitudes. I would bet that there are close to zero wood-stoves available at this point, and how many cold seasons will it take before they cut down all the forests of Europe? Meanwhile, Europe’s industries and businesses disintegrate. The Great Re-set at hand won’t be der Schwabenklaus’s transhuman nirvana but rather a return trip to the 12th century.

All this does not even include the forthcoming attrition among the vaccinated. We have succeeded in disabling and destroying the immune systems of many millions of people with mRNA shots. They are going to get sick from all sorts of things. A lot of activities will stop working, including the medical industry, so many of the injured and dying will not receive care. In this late summer interim, American pharma says it’s ready to bring forth new-and-improved mRNA shots supposedly keyed to the latest emerging variants of the C-19 coronavirus. Pharma and its enablers in the NIH-CDC matrix actually have no idea what variants are coming — nowhere is nature more of a trickster than in disease organisms — and you can be sure that their new vaccines will be more shuck-and-jive.

Anyway, nobody believes them anymore. Few are lining up for the boosters and fewer parents are dragging their kids and babies to the shotmeisters. What remains to happen, and probably will by summer’s end, is a massive uprising of the non-Woke against the Woke Elites and the end of their insane depredations. They can atone all they want at their trials and executions.

https://kunstler.com/clusterfuck-nation/atonement/

[basserdan]

9:45a PMI Manufacturing Index
Index 52.2 actual vs 52.3 prior
Consensus Outlook
The final manufacturing PMI for July is expected to hold at the 52.3 flash which was the lowest score in two years.
Definition
Based on monthly questionnaire surveys of selected companies, the Purchasing Managers' Manufacturing Index (PMI) offers an advance indication on month-to-month activity in the private sector economy by tracking changes in variables such as production, new orders, stock levels, employment and prices across manufacturing industries. The final index for the current month is released roughly a week after the flash.


10:00a Construction Spending
Month over Month -1.0% actual vs 0.1% (rev) prior
Year over Year 8.3% actual vs 9.7% prior

Consensus Outlook
After 0.1 percent contraction in May, construction spending in June is expected to rebound slightly by 0.2 percent. Residential spending slowed sharply in May while nonresidential spending remained in contraction for a third month in a row.
Definition
The dollar value of new construction activity on residential, non-residential, and public projects. Data are available in nominal and real (inflation-adjusted) dollars


10:00a ISM Manufacturing Index
Index 52.8 actual vs 53.0 prior
Consensus Outlook
The ISM manufacturing index moved lower in June, from the mid-to-high 50s range where it had held earlier in the year to a lower-than-expected 53.0. Further slowing is expected for July with Econoday's consensus at 52.2
Definition
The manufacturing composite index from the Institute for Supply Management is a diffusion index calculated from five of the eleven sub-components of a monthly survey of purchasing managers at roughly 300 manufacturing firms nationwide. The survey queries purchasing managers about the general direction of production, new orders, order backlogs, their own inventories, customer inventories, employment, supplier deliveries, exports, imports, and prices. The five components of the composite index are new orders, production, employment, supplier deliveries, and inventories (their own, not customer inventories). The five components are equally weighted. The questions are qualitative rather than quantitative; that is, they ask about the general direction rather than the specific level of activity. Each question is adjusted into a diffusion index which is calculated by adding the percentage of positive responses to one-half of the unchanged responses.

[basserdan]

Today's Economic Calendar
9:45 PMI Manufacturing Index
10:00 Construction Spending
10:00 ISM Manufacturing Index
1:00 PM Baker-Hughes Rig Count

Today's Markets
In Asia, Japan +0.7%. Hong Kong +0.1%. China +0.2%. India +1%.
In Europe, at midday, London +0.4%. Paris +0.3%. Frankfurt +0.4%.
Futures at 6:20, Dow -0.1%. S&P -0.2%. Nasdaq -0.3%. Crude -1.8% to $96.87. Gold +0.5% to $1789.90. Bitcoin -2.2% to $23,265.
Ten-year Treasury Yield +1 bps to 2.65%





In the past when a pervert would peek,
He’d be met with a slap or a shriek:
Now he says he’s a woman,
Is entitled to come in,
Not be treated like some kind of freak.

-F.R. Duplantier

[basserdan]

Financial System – Lawless Criminal Control Syndicate – Catherine Austin Fitts

By Greg Hunter
On July 30, 2022



Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says we are at war with the Deep State globalists that want nothing short of total control over all of mankind. Central bankers want a financial system that is a lawless criminal control syndicate where it’s legal for them to do whatever they want. It is simply a choice between tyranny and sovereignty, freedom or slavery. We start with the foundational building block of tyranny, the Central Bank Digital Currency (CBDC) that global bankers want to install in the financial system. CAF says, “It’s not a currency. That’s what you need to understand. What we are talking about is a control system that is going to be implemented in a global coup d’état, and we are in the middle of a global coup d’état. That’s what is happing right now. Essentially, if you look at the central bankers, the BIS (Bank of International Settlements) and all the central bankers are trying to create a system where they are completely free of the laws of nation states and governments. In other words, they are inserting sovereign immunity from all laws and literally trying to create a civilization under the law where they are free to do whatever they want, including, as we know—genocide.”

CAF says to fight back against CBDC is to use cash. Fitts says, “If you go to Solari.com, you will see something that says, “Cash Every Day.” Click the big red cap that says, “Make Cash Great Again.” If you click on that, you will get three videos. There are two videos I really want your audience to watch. One is a 56 second video of the BIS general manger Augustin Carstens in October 2020 explaining with CBDC they will have central control and enforce them centrally. It’s the only time in my life that I saw a central banker be 100% honest. The second video says “Financial Rebellion,” click it and you’ll get three minutes of a presentation by Richard Werner. He is certainly the top scholar in the world on central banking. . . . Richard explains that one of the top central bankers in Europe told him they are planning on chipping all of us.”

CAF says central bankers will ignore the U.S. Constitution, steal all of our assets like cash and gold but especially the land. CAF contends they won’t be able to do this unless they take our guns and extinguish the Second Amendment. CAF also talks about what she thinks will happen after the first of this year when it comes to inflation or deflation.

CAF says, “We are at war and we need a war strategy. . . . The ‘Great Reset’ will turn into the ‘Great Resist.”

CAF contends the good news is people are waking up and this evil criminal system can be stopped. CAF says, “Saint Paul said in Timothy, ‘Just stand and watch the divine go to work.’ They can’t do this. Did you see what just happened in Ireland? They tried to go all digital, and they had so many people cancel their accounts, they had to walk it back. . . . One thing the Bible makes clear is it will at times look hopeless, but it won’t be. That’s why you have to stand.”

There is much more in the 1 hour and 10 min. interview.

Join Greg Hunter of USAWatchdog.com on Rumble as he goes One-on-One with the Publisher of The Solari Report, Catherine Austin Fitts. (7.30.22)
https://rumble.com/v1e7l4f-financial-system-lawless-criminal-control-syndicate-catherine-austin-fitts.html

After the Interview:

There is much free information on Solari.com.

To see the short videos on total control and chip system installed in humans, click here. https://bit.ly/3JhkyPM

https://usawatchdog.com/financial-system-lawless-criminal-control-syndicate-catherine-austin-fitts/

[basserdan]

“Died Unexpectedly” Propaganda, Russia is Winning, Biden Recession

By Greg Hunter
On July 29, 2022



“Died Unexpectedly” is fast becoming the new term to try and cover up all the deaths from the bioweapon “vaccines.” Now, bloggers are keeping track of stories where deaths are unexplained, mysterious or simply died without any reason whatsoever each and every week. This “died unexpectedly” phenomenon is being called a propaganda campaign by legacy media to cover up the alarming deaths that many think are coming from the vaxed, such as three perfectly healthy Canadian doctors who dropped dead one week after the hospital they worked at required a fourth CV19 injection. The hospital denied the shots had anything to do with the “unexpected deaths.” No way they can keep this propaganda up as we are just getting started with the vax injection carnage. According to one top UK Doctor, “Everybody who has an mRNA injection will die in 3 to 5 years even if they have had only one injection.” Could Ivermectin be the drug that buys years of time when taken routinely?

Russia is turning up the heat in Ukraine and turning off the natural gas to Europe. Fresh attacks are happing around Kyiv as the war grinds on and Ukraine’s army gets decimated. Forget the propaganda where you are told Russia is losing. It’s not. Russia is winning. Ukraine is having their tails handed to them. Meanwhile, the gas is being cut back to 20% of capacity in the Nord Stream #1 pipeline by Russia. They say it’s maintenance, but no matter what you call it, it’s killing off business in Germany and Europe, and it’s not even winter yet. Europe has taken poison and is expecting Russia to die. Can EU banks stay solvent if many cannot pay their loans back?

The Biden/Obama Administration is saying the USA is NOT in recession, but the facts say otherwise. In economic textbooks, two quarters in a row of negative growth is a recession. It was just reported that the second quarter has shown a -.9% downturn in GDP. That spells RECESSION—period the end, and Biden owns it. That did not stop the Fed from raising a key interest rate by .75% to fight inflation. The Fed can either fight inflation and kill the economy or let interest rates remain low and kill the U.S. dollar. It is that simple. It looks like, for now, the dollar lives.

Join Greg Hunter on rumble as he talks about these stories and more in the Weekly News Wrap-Up for 7.29.22.
https://rumble.com/v1e0b1n-die-unexpectedly-propaganda-russia-is-winning-biden-recession.html


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“Died Unexpectedly” Propaganda, Russia is Winning, Biden Recession
“Died Unexpectedly” Propaganda, Russia is Winning, Biden Recession
By Greg Hunter On July 29, 2022 In Weekly News Wrap-Ups 167 Comments

By Greg Hunter’s USAWatchdog.com (WNW 540 7.29.22)

“Died Unexpectedly” is fast becoming the new term to try and cover up all the deaths from the bioweapon “vaccines.” Now, bloggers are keeping track of stories where deaths are unexplained, mysterious or simply died without any reason whatsoever each and every week. This “died unexpectedly” phenomenon is being called a propaganda campaign by legacy media to cover up the alarming deaths that many think are coming from the vaxed, such as three perfectly healthy Canadian doctors who dropped dead one week after the hospital they worked at required a fourth CV19 injection. The hospital denied the shots had anything to do with the “unexpected deaths.” No way they can keep this propaganda up as we are just getting started with the vax injection carnage. According to one top UK Doctor, “Everybody who has an mRNA injection will die in 3 to 5 years even if they have had only one injection.” Could Ivermectin be the drug that buys years of time when taken routinely?

Russia is turning up the heat in Ukraine and turning off the natural gas to Europe. Fresh attacks are happing around Kyiv as the war grinds on and Ukraine’s army gets decimated. Forget the propaganda where you are told Russia is losing. It’s not. Russia is winning. Ukraine is having their tails handed to them. Meanwhile, the gas is being cut back to 20% of capacity in the Nord Stream #1 pipeline by Russia. They say it’s maintenance, but no matter what you call it, it’s killing off business in Germany and Europe, and it’s not even winter yet. Europe has taken poison and is expecting Russia to die. Can EU banks stay solvent if many cannot pay their loans back?

The Biden/Obama Administration is saying the USA is NOT in recession, but the facts say otherwise. In economic textbooks, two quarters in a row of negative growth is a recession. It was just reported that the second quarter has shown a -.9% downturn in GDP. That spells RECESSION—period the end, and Biden owns it. That did not stop the Fed from raising a key interest rate by .75% to fight inflation. The Fed can either fight inflation and kill the economy or let interest rates remain low and kill the U.S. dollar. It is that simple. It looks like, for now, the dollar lives.

Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up for 7.29.22.

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After the Interview:

Financial expert and publisher of “The Solari Report” Catherine Austin Fitts will be the guest for the “Saturday Night Post.” The Solari Report 2021 Annual Wrap-Up is out, and it is basically setting the stage for the battle we face that is tyranny vs. freedom. Fitts will also do a deep dive on gold in preserving wealth in our digital money age.

https://usawatchdog.com/died-unexpectedly-propaganda-russia-is-winning-biden-recession/

[bigbux1]

3 doctors from same hospital die in one week after getting 4th mandatory jab...https://www.thegatewaypundit.com/2022/07/three-doctors-hospital-die-suddenly-week-hospital-mandates-fourth-covid-shot/

[basserdan]

Kunstler: Playing Chicken with the Fates

By James Howard Kunstler
July 29, 2022

Who is surprised that the US government’s war on the American people is not going any better than its sponsored war in Ukraine? The only thing the government is really good at is covering up its crimes, which mainly requires them to do nothing — don’t investigate anything, don’t furnish documents to anyone, don’t answer official letters, slow-walk every required action, and otherwise dodge, duck, deny, deflect, and dissemble.

Now, even that game-plan is falling apart. Some senior officials in the FBI turned whistleblower this week, perhaps desperate to preserve their self-respect, and finally cleared up one of the great mystifications of our time, namely: How is it that the Hunter Biden laptop, stuffed with incriminating memoranda of bribery, treason, and diverse felonies, and in the FBI’s possession for two-and-a-half years now, just sat gathering dust in some sub-sub-basement cubby-hole — while “Joe Biden,” the putative president (or, more likely, the enigmatic claque behind him) was allowed to carry out a demolition of America’s economy and culture?

The answer is one Brian Auten, FBI Senior Analyst, who engineered a scheme to label Hunter’s laptop “Russian disinformation,” which allowed FBI Director Christopher Wray to throw a switch that turned off any further inquiry in the matter beginning in August before the 2020 presidential election. In turn, other senior FBI officials had all the documents pertaining to the decision process on that matter locked up in a special file that would never see the light of day. Auten’s action led to the release of a letter signed by “fifty former intelligence officials” labeling the laptop as a Russian disinfo op — which became the basis for social media to conspire to censor any discussion of the laptop and its contents. And so it was that a political puppet deeply in the pay of foreign interests, got shoehorned into the White House. Well, that and widespread election fraud.

Turns out that Agent Brian Auten was also involved in favorably vetting the Steele Dossier when it was used to justify FISA court warrants against figures in Mr. Trump’s 2016 campaign, part of the RussiaGate operation that disordered and disabled President Trump’s entire four-year term. Well now you know. Perhaps Special Counsel John Durham knows this, too. (If he didn’t before, he must now.) Eventually, Mr. Auten will have to answer for all this, maybe after the mid-term elections. We must imagine that he will implicate many other familiar figures in the process who were on-the-scene at the time, including Peter Strzok, Andrew McCabe, and James Comey, comfortably sitting on the sidelines lo these many years enjoying their book royalties and cable news salaries.

Senator Chuck Grassley (R-Iowa), ranking member of the Judiciary Committee, says he will hold hearings about this. When? The Senate is scheduled to be in recess August 6 to September 6 for politicking back home. Maybe after that Senator Grassley will actually produce his whistleblowers in open session — unlike the 2019 first impeachment of Donald Trump, in which chief whistleblower CIA agent Eric Ciaramella, amazingly, never made an appearance. That will be refreshing.

It would also be nice to hear from FBI Director Wray. Did he approve of the decision to label Hunter’s laptop “disnformation?” Was he familiar with the contents of the laptop, the emails between Hunter and his business associates and agents of the CCP? Did Mr. Wray happen to examine any of the pornographic videos of orgies with Hunter’s stable of Russian whores plus the crack-smoking? Did Mr. Wray wonder whether equally bad or worse material was in the hands of Uncle Xi’s regime? Did it occur to Mr. Wray that all this might compromise “the Big Guy” in the Oval Office?

It also would be edifying to hear from Mr. Wray’s boss, Attorney General Merrick Garland. During his 20 months on-the-job, has he ever inquired of his FBI what’s up with that Hunter Biden laptop? Was he acquainted with the contents. Half the country has seen the videos of Hunter cavorting naked in hotel rooms and lighting up the crystal meth, but not Mr. Garland? There’s rumored-to-be more depraved material on the laptop involving minors that even conscientious auditors outside of government have seen and deemed too atrocious to release. (Copies of Hunter’s hard-drive are in possession of many people outside government.)

I hope Senator Grassley also calls Lisa Monaco, the Deputy Attorney General, now at Mr. Garland’s right hand, who was formerly President Barack Obama’s White House Homeland Security Advisor — a fancy way of describing her role in weaponizing the apparatus of the security state against the Democratic Party’s political opponents. Lisa Monaco’s current role is the DOJ Fixer — the person who makes sure that federal law enforcement does nothing about the crimes carried out by Mr. Obama, former CIA Director John Brennan, former Director of National Intelligence James Clapper, and many other now well-known names in the RussiaGate cosmos, as well as continuing to squelch any inquiry on the Biden family’s criminal operations.

All of this is going to blow open, of course, and all at the same time that two other big things blow up: 1) the realization that the government lied about everything in the Covid-19 story, including especially covering-up the harmful effects of their vaunted mRNA shots, and 2) deepening US economic chaos, including the implosion of markets, derivatives, banks, and the US dollar.

Some observers say that “Joe Biden” has nothing left except to shove the USA into a hot war. Kind of looks like he’s trying — sending US Special Forces to Ukraine’s border, and all. I don’t think he’ll dare cross that line, though. To me, it’s more likely that our government will summon, shall we say, a special sort of doctor from the Intel Community to administer a permanent sleeping med to the Big Guy. Did you see how bug-eyed he was on video the other day? Didn’t even blink for the longest time. Looks like he badly needs sleep… a big sleep… the biggest sleep there is. Wait for it.

https://kunstler.com/clusterfuck-nation/playing-chicken-with-the-fates/