Economic Update: Absolutely bizarre things going-on around the world... any one of which may be a "so what." Taken together, it looks like an 'earthquake' is coming soon to reorder the global economy.
Pay attention! Where there is "smoke", there is fire...
The 2022/2023 Controlled Demolition of the Global Economic & Financial System is Being Conducted by…..
It’s absolutely true: the Global Economic & Financial System, which effectively controls the entire planet civilization, is controlled by an AI-directed super-computing system known as Aladdin.
However, what no one is talking about is the exceedingly advanced level of AI technology at which the Aladdin supercomputer(s) operates.
Known in the highest AI scientific circles as Autonomous Superintelligence, AS is the most powerful and dangerous of any generation of sentient and superintelligent AI in existence today.
Please click on this logo image for a direct link to the article…
The ‘New G8’ Meets China’s ‘Three Rings’
The coming of the new G8 points to the inevitable advent of BRICS +, one of the key themes to be discussed at the upcoming BRICS summit in China.
By Pepe Escobar, posted with the author’s permission and widely cross-posted
The speaker of the Duma, Vyacheslav Volodin, may have created the defining acronym for the emerging multipolar world: “the new G8”.
As Volodin noted, “The United States has created conditions with its own hands so that countries wishing to build an equal dialogue and mutually beneficial relations will actually form a ‘new G8’ together with Russia.”
This non-Russia-sanctioning G8, he added, is 24.4% ahead of the old one, which is in fact the G7, in terms of GDP in purchasing power parity (PPP), as G7 economies are on the verge of collapsing and the U.S. registers record inflation.
The power of the acronym was confirmed by one of the researchers on Europe at the Russian Academy of Sciences, Sergei Fedorov: three BRICS members (Brazil, China, and India) alongside Russia, plus Indonesia, Iran, Turkey, and Mexico, all non-adherents to the all-out Western economic war against Russia, will soon dominate global markets.
Fedorov stressed the power of the new G8 in population as well as economically: “If the West, which restricted all international organizations, follows its own policies, and pressures everyone, then why are these organizations necessary? Russia does not follow these rules.”
The new G8, instead, “does not impose anything on anyone, but tries to find common solutions.”
Please click on this image for a direct link to the article…
The New G8
Russia has created a new alliance that many are calling the “new G8.”
Russia was expelled from the original Group of Eight in March 2014, following the annexation of Crimea. Russia stated that it did not care about the snub. “All the economic and financial questions are decided in G20, and G8 has the purpose of existence as the forum of dialogue between the leading Western countries and Russia,” Russian Foreign Minister Sergey Lavrov stated.
There is no dialogue between the major Western superpowers and Russia at this point in time.
Former President Obama’s ambassador to Russia, Michael McFaul, went as far as saying that the West must insure Russia has “no real allies.”
Due to backfiring sanctions, Russia certainly does have allies and has created a new G8 for good measure.
Vyacheslav Volodin, head of the State Duma, stated the following:
“The economies of the United States, Japan, Germany, Britain, France, Italy, and Canada continue to collapse under the pressure of sanctions against Russia.
The group of eight countries that do not take part in the sanctions wars – China, India, Russia, Indonesia, Brazil, Mexico, Iran, Turkey – is 24.4 percent ahead of the old group in terms of GDP per capita.”
Volodin said that the seven named countries are interested in developing “mutually beneficial relations with Russia,” and have already seen economic progress despite ongoing sanctions.
Putin has also said that he would like to collaborate with emerging economies such as certain African nations that are “still sleeping, but about to wake up.”
The plan to divorce Russia from the world economy has backfired. Russia is increasing its international partnerships and trade as a direct result of the policies aimed at isolating it from the world.
Please click on this cartoon for a direct link to the article…
CCP meeting to wipe out US population and US military via mRNA Vaccines
I don’t speak Mandarin, so I cannot confirm what this CCP son-of-a-bitch is saying. However, it ALL makes sense in the greater context of what I know… and that IS that the entire COVID-19 “virus”, Spike Protein, pandemic, lockdowns, “vaccines”, and mandates are ALL one massive BioWeapons perpetration. Several countries were involved in prepping the scheme and the underlying bioweaponry, however, the Chinese Communist Party’s Wuhan Institute of Virology was, indeed, the “clean-up hitter” in this global operation.
You can count on this Communist prick’s narrative translation to be generally true.
Please click on the still image to play this video segment originally taped last year and posted in October… (0:58)
Talk about a “dystopic” future… here’s the lead futurist and advisor to Klaus Schwab’s World Economic Forum talking about people.
Klaus Schwab is the author of COVID-19 / The Great Reset and the founder of The World Economic Forum.
Yuval Noah Harari: “What to Do With All of These Useless People?”
You CAN’T make this stuff up, folks!
Please click on the still image to play this video segment originally taped and posted in April 2022… (5:54)
Global Identity Cards Coming? Abide by international law and ensure justice: Digital Identification
Law and justice are a central part of the social contract, but many people do not have access to the system.
The U.N. wants to change this.
Everyone must be included in the legal system, but this also means that they themselves can be held liable if they violate international law and fail to obey the dictates from above.
To remedy this, a digital legal identity is required.
This also opens the door to a programmable digital currency, social credits, and automated decision-making.
International law specifically refers to Agenda 2030. It should not be possible to escape fulfilling the sustainable development goals. This applies to nations, companies, and individuals.
Please click on this image for a direct link to the article…
Russia releases new information about US bioweapons programs in Ukraine
The Russian Ministry of Defense has released new intelligence and documents on the US bioweapons program in Ukraine, which I have translated.
I remind you that the Russian statements about the U.S. bioweapons program are not Russian propaganda, but my informant and I, with whom I researched the book Inside Corona, already have much of the information now published by Russia from publicly available sources were known.
However, the Pentagon recently took most of it offline to cover its tracks, as I have pointed out here.
I will first translate the new statement from the Russian Ministry of Defense and then show the slides presented and then again – including all links – show the chronology of Russian publications on the US biological weapons program.
You can view and download the original American documents mentioned and quoted in the current Russian statement here.
Since these are the originals of American documents, they are in English and therefore understandable for most.
Please click on this image for a direct link to the article…
Betrayed Americans
Paul Craig Roberts 6/16/2022
Yesterday the Fed raised short-term interest rates by three-quarters of one percent, and the stock market rose. The stock market did not rise because of the rate hike. The stock market rose because the Atlanta Federal Reserve bank dropped its forecast for second-quarter (ends June 30) GDP growth to zero — 0.0 — which means that technically we are in a recession.
As interest rate hikes worsen recessions, the stock market has concluded that Fed tightening is over. Soon the Fed will be lowering interest rates to fight recession and unemployment.
The real question is: why did the Federal Reserve raise interest rates on the same day it knew the economy had descended into recession?
The Federal Reserve chairman, Jerome Powell disclaimed any intention of causing or worsening a recession by ratcheting up interest rates. But the real unanswered question is why did the Fed raise interest rates after the Fed knew we were in a recession unless the Fed wants a serious recession?
The unexplored question among economists is who does the Federal Reserve really serve?
In the universities, students are brainwashed that the Federal Reserve serves the public’s interest by maintaining noninflationary full employment via careful adjustments of the money supply. There is no historical record to support this claim, but this is what is taught. It is part of the propaganda that turns Americans into dumbshits.
Since Quantitative Easing began, the Federal Reserve’s balance sheet has risen from 800 billion dollars to 9 trillion dollars.
This was the money creation that drove up bond, stock, and real estate prices and created a Forbes 400 list of nothing but multi-billionaires.
If memory serves, when I was Assistant Secretary of the Treasury, there were only 2 billionaires on the 400 list.
The Federal Reserve has said that it is going to take the 9 trillion dollars that it pumped into financial assets back out of the economy.
This means if you believe the Federal Reserve, the Federal Reserve is going to take the money out of the rise in stock, bond, and real estate prices. If the Federal Reserve goes ahead with its plan, there will be a wipeout in paper wealth.
Pension funds will be hit hard if the Federal Reserve attempts to take out the money it poured into the support of the New York Banks, which meant support of financial assets.
This raises another issue.
How did we have 12 or 14 years of the Fed pouring out money and still unable to reach the Federal Reserve’s target of 2% inflation, yet suddenly have 8%, 10%, or 12% inflation depending on the measure used?
How does inflation jump from less than 2% to double-digits overnight?
Especially, how does this happen when the US dollar is rising. All great inflations, such as the German inflation, resulted from the collapse of the currency. The US dollar might well deserve to collapse, but it isn’t, or not yet.
So… what explains the inflation?
Please click on this image for a direct link to the article…
Why cryptocurrencies have gone from the next “hot thing” to a full-on meltdown
The cryptocurrency world is in chaos.
Just months ago, crypto companies were advertising heavily during the Super Bowl after virtual currencies enjoyed a dizzying rally in 2021.
Today, Bitcoin and other cryptos are plunging, and companies such as Coinbase, which runs the largest crypto exchange in the U.S, are announcing layoffs.
"The crypto house is on fire, and everyone is just rushing to the exits because there is a complete loss of confidence in the space," says Ed Moya, a senior markets strategist at financial firm Oanda.
Here's what's going on.
Why are cryptos falling so sharply?
Because they are being hit by the same factors impacting stocks and other assets.
Consumer prices are surging at the fastest annual pace in over four decades, and the Federal Reserve is hiking interest rates aggressively to bring down inflation.
On Thursday, the Fed raised rates by three-quarters of a percentage point and indicated it could raise them again by the same amount at its next meeting in July if needed to cool down prices.
Higher interest rates make borrowing costs more expensive for people and companies, and that's raising concerns about an economic recession.
Stocks have fallen dramatically from records set in January, with the broad S&P 500 index entering a bear market this week (when an index falls 20% or more from its recent high).
Cryptocurrencies have hardly been immune.
Since Bitcoin hit an all-time high in November, the value of the world's most popular digital currency has fallen by about 70%, and its rivals are also suffering.
Ether is down by around 70% this year, and so is Dogecoin.
Bitcoin's backers have always claimed the digital currency would be an "inflation hedge," but in fact, it hasn't behaved that way.
As shares of tech companies have plummeted, so has Bitcoin's value.
"What this episode, this crash in crypto prices, shows is that cryptocurrencies are by and large speculative financial assets that are subject to macroeconomic forces, such as changes in interest rates," says Eswar Prasad, an economics professor at Cornell University.
Please click on this image for a direct link to the article…
Sadly, I think the basic premise of this next article is correct… we are at the end stage of an “Everything Bubble”. All balloons deflate or pop at some point. To make matters worse, fraud and corruption seem to have entered most major businesses; everything is rigged to some greater or lesser degree.
Star Stockpicker Finds New Crusade Raging Against The ‘Everything Bubble’
Noble's favorite quote these days is from Oscar Wilde: "A fool is someone who knows the price of everything and the value of nothing."
George Noble started his career at Fidelity Investments in the early 1980s working for stock-picking legend Peter Lynch, then running the top-performing Fidelity Overseas Fund.
He later launched his own hedge fund, which tanked in 2009 when he turned bullish too soon. Now 65, Noble has found a new purpose in life, a crusade — to help investors navigate the collapse of what he calls “the biggest ‘everything bubble’ ever seen,” a bubble blown by central bankers “pursuing the most reckless monetary policies ever” by pushing real rates below zero while $5 trillion in federal pandemic stimulus sloshed excess liquidity over the U.S. economy.
Frustrated by what he considers to be nauseatingly unskeptical cheerleading on CNBC (which he refers to as the Cartoon Network), Noble in the past year dove into social media and created his own forum, on Twitter Spaces, Clubhouse, and YouTube, where he has more than 4,000 subscribers to his unedited, hours-long conversations with market maven pals.
Noble brings a New Jersey-born, no b.s., take-no-prisoners approach to castigating SPACs, NFTs, cryptocurrencies, tech stocks, and their promoters.
Nine months ago he called the online brokerage platform Robinhood “a flaming dumpster hot air bubble.” The stock is down 85% since.
The broad market downturn so far is just the beginning.
“This decline will shock,” he says. “Interest rates and yields are going higher. Equities are toast.” There will be no soft landing.
“They’re not going to get inflation down until the economy breaks,” but the Fed has no choice. “If they don’t raise rates, we’re on the road to Weimar.”
He’s referring of course to the hyperinflation of Weimar Germany, whereby 1923 goods cost a trillion times more than five years prior.
There’s nowhere to hide.
Traditionally, when stocks zigged, bonds tended to zag — thus the appeal of a traditional 60/40 portfolio split between those two primary asset classes. “The 60/40 model is dead,” Noble declares. “Right now stocks and bonds are correlated. Stocks are going down because rates are going up. There’s no buffer.”
Bond prices, of course, move in the inverse direction of yields, so as the Fed raises rates to rein in inflation and cool excessive demand for food and fuel, bonds lose value and are set to lose a lot more. “If you came from Mars and saw that inflation was at 8% with the 10-year at 3%, and a bogus CPI number, you’d think that’s crazy. Even if inflation is 4%, what is the 10-year doing at 3%?”
Please click on this image for a direct link to the article…