Economic Update: Not any good news here either, however, these are things worth watching. The globalists' plan to force a "Reset" requires collapsing key industries and economies. Pay attention!
I know this newsletter primarily "targets" Vaxx updates, but all the bad things going-on in the world are ALL ABSOLUTELY intertwined at the top echelons and are being promulgated by the same "Cabal."
Realistically, I feel we are already, figuratively speaking, “off-the-cliff” of the Grand Canyon (like the last scene in the movie Thelma and Louise).
We are in free fall; we just haven’t hit bottom yet.
My remarks here have some personal poignancy and a significant measure of regret.
Some background: In May 2007, I declared myself a Republican primary candidate for the U.S Senate seat that was coming up in the November 2008 General Election. My unsuccessful campaign (I garnered 24.5% of the statewide vote tally) ended with the Primary Election in June 2008.
My debut U.S. Senate Campaign speech was made in August 2007 at the Dakota Dunes Country Club in southeastern South Dakota. It was a 7-minute talk; I called it my “Thelma and Louise” speech.
My opening line was a question to the audience, “How many of you in this room ever saw the movie, Thelma and Louise? Let’s have a show of hands, please.”
About 70% of the hands at the banquet tables were raised.
I then said, “Please keep your hands raised for a moment. Now, for those of you who saw the movie, how many of you remember how it ended?”
Most of the hands remained up in the air, and one gentleman sitting at a table near the front of the room made an impromptu comment in a somewhat loud voice, “They went off the cliff!”
I said, “Yes, sir, they went off the cliff.”
I then proceeded to make my analogy for the room.
“I submit to you here tonight that America is poised to go off the cliff of the Grand Canyon… just like in the movie. The classic Thunderbird Thelma and Louise are driving is the ‘ship of state’ we call the United States. Thelma and Louise are the Republican and Democrat Parties as currently constituted, us “Baby-Boomers” - we’re sitting in the back seat… and the REAL tragedy is our children and grandchildren are locked in the trunk. And they have no say in the matter.”
The audience reaction? Some gasps, some titters, and a lot of nervous laughter.
Where the hell are we today? Next month will mark fifteen (15) years since that brief speech was given.
[It’s a separate story, but in May 2008, also during my campaign, I predicted that derivatives would crash the markets.]
I deeply regret Life did not grant me the opportunity to go to Washington, D.C., raise hell, make a difference, and hopefully steer America away from the abyss it was galloping towards then.
To say I feel my “Destiny was Denied” is a massive understatement.
Curating and publishing this newsletter is a little bit of “salve” for that emotional wound in my life experience.
Hopefully, we (a debt of gratitude to our reader, Gabi, for her ongoing research efforts) are reaching a few folks and making a constructive difference for them… and you.
A thank you to our reader, Paul, for sharing this article:
Global Planned Financial Tsunami Has Just Begun
Since the creation of the U.S. Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank.
The situation is no different today, as clearly the U.S. Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history… a bubble it created.
Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008.
The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.
The extent of the “cheap credit” bubble that the Fed, the European Central Bank, and the Bank of Japan have engineered by buying up bonds and maintaining unprecedented near-zero or even negative interest rates for now 14 years, is beyond imagination.
Financial media cover it over with daily nonsense reporting, while the world economy is being readied, not for so-called “stagflation” or recession.
What is coming now in the coming months, barring a dramatic policy reversal, is the worst economic depression in history to date. Thank you, globalization and Davos.
As US economist Doug Noland recently noted, “Today, there’s a massive “periphery” loaded with “subprime” junk bonds, leveraged loans, buy-now-pay-later, auto, credit card, housing, and solar securitizations, franchise loans, private Credit, crypto Credit, DeFi, and on and on. A massive infrastructure has evolved over this long cycle to spur consumption for tens of millions while financing thousands of uneconomic enterprises. The “periphery” has become systemic like never before. And things have started to Break.”
Please click on this image for a link to the article…
Here We Go Again: The Fed Is Causing Another Recession
Cause of the Boom-Bust Business Cycle
The primary cause of the recurring “boom and bust” business cycle is central banks like the Federal Reserve creating money out of thin air.
This was first explained by Austrian economist Ludwig von Mises over a century ago.
His student F.A. Hayek won the 1974 Nobel Prize in economics for his work on this theory, which is now known as the Austrian business cycle theory.
The basic outline of Austrian business cycle theory is as follows:
the government “central bank” (in the US, it is the Federal Reserve or “Fed”) creates money out of thin air (they effectively “print it,” although typically in the form of digital entries now), usually by buying Treasury bills or bonds from commercial banks, which then …
is deposited in commercial banks which, through the process of fractional reserve banking (where banks are legally allowed to keep only a fraction, such as 10 percent, of their deposits in cash reserves), create even more money out of thin air to lend to their customers, which then …
leads to lower interest rates than would prevail in a free market without a central bank and fractional reserve banks legally creating money out of thin air, which then …
causes businesses and consumers to borrow the newly created money to invest in long-term projects such as mines, factories, houses, etc. since the profitability of those investments appears higher now with a lower cost of capital, which then …
leads to the unsustainable “boom” phase of the business cycle where scarce capital is misallocated to unsustainable investments since the real resources of raw materials, equipment, and labor needed to finish these long-term projects are not physically available; while paper money may literally grow on trees, the actual scarce resources needed to create goods and services do not (printing money does not create the goods needed for profitable investment—if it did, Zimbabwe would be the wealthiest country in the world and we could all stop working, saving and investing); then …
the higher money supply leads to higher price inflation, which raises production costs and usually causes the central bank to slow the growth rate of the money supply and raise interest rates to try to lower inflation (if they do not, it will eventually lead to hyperinflation, which effectively destroys a functioning currency and economy), which then …
leads to the “bust” phase of the business cycle, where the unsustainable investments are proven to be unprofitable and must be liquidated to allocate capital to the most productive uses that meet consumer desires.
As this theory shows, the dreaded boom and bust business cycle is not inherent in a free market economy. It is caused by the legal privilege granted to central and fractional reserve commercial banks to create money out of thin air.
As Mises summarized:
True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
Please click on this image for a link to the article…
A small short? The coming collapse of the air travel industry
Food production and the fossil fuel industries are not the only ones on the globalists’ chopping block.
Last weekend I was invited to a Zoom call with the German firebrand MEP Christine Anderson who gave us a brief report about the recent vote in the EU parliament to extend the Covid pass requirement for another year.
The parliament voted in favor of the extension in a plenary session in spite of the fact that the measure is wholly useless and unjustified – to say nothing of the fact that 99% of Europeans are opposed to it.
Mrs. Anderson’s explicit assessment of the matter was that the EU’s democracy is a sham and a fraud. The plenary never debated the measure – they simply took the vote.
Why the majority of MEPs voted in favor is entirely a mystery and a sinister one at that.
But perhaps the most interesting and unexpected part of the 3-hour long call was about the airline industry.
Three of the participants on the call had deep inside knowledge of the airline industry (one of them a pilot) who said in no uncertain terms that the industry is now being systematically and deliberately demolished.
Apparently, the ultimate purpose is to kill airline travel altogether.
The three participants asked that their names not be used, but they seemed exceptionally well-informed and entirely credible. At any rate, the news flow has pretty well corroborated their claims.
Please click on this image for a link to the article…
Dmitri Trenin: Russia has made a decisive break with the West and is ready to help shape a new world order
It’s perhaps hard to believe now but – only eight years ago – Russia was a full member of the former G8. Since then, there have been dramatic changes.
Just before the G7 leaders met at Elmau Castle in Bavaria last week, their counterparts from the five BRICS countries held an online summit under the Chinese presidency.
Russia had been discussed as a threat at the G7 gathering but was a key participant in the latter.
Long gone are the days when Moscow could straddle the divide between the West and the non-West. Following the 2014 Ukraine crisis, the G8 reverted to its previous G7 format; in the wake of the Russian military action in Ukraine last February, the Russian-Western confrontation degenerated into a full-blown “hybrid war,” complete with an actual confrontation – if so far a proxy one.
Having tried, after the end of the Cold War, to become part of the new West, and having failed at that endeavor, Russia is now focusing on developing its ties with Asia, the Middle East, Africa, and Latin America.
This is both a difficult and a necessary task, for a number of reasons.
First, there is powerful inertia from the past. At least since the days of Peter the Great, Russian elites have looked westward, adopting Western ways of appearance and behavior (while remaining distinctly Russian beneath the garb and manners); adapting Western institutions (even if often only superficially); borrowing Western patterns of thinking (while creatively developing them, as with Marxism); seeking to become a great European power; then, in Soviet days, a global superpower; and, more recently, a key component of a Greater Europe from Lisbon to Vladivostok.
Please click on this image for a link to the article…
THIS IMPLOSION WILL BE FAST – HOLD ONTO YOUR SEATS
The massive money creation in the 2000s has led to a debt and asset bubble, which is about to burst. Investors will be shocked by the speed of the decline and won’t react before it is too late.
The massive money creation by central and commercial banks in this century has resulted in a growth of global assets from $450 trillion in 2000 to $1,540 trillion in 2020.
Please click on this image for a link to the article…
The 2022 Bilderberg Meeting in Washington DC: Geopolitical Realignments and Disruption of the Global Economy in the Post-Pandemic World
It isn’t every day that an elite group of more than 120 high-level political leaders, corporate CEOs, and representatives from the worlds of finance, academia, and the media meet to discuss global affairs. But when such a top-level gathering does take place, you might imagine it would receive extensive media attention.
In the case of meetings of the ultra-secretive Bilderberg Group, however, this is not what generally happens. Instead, the vast majority of the mainstream media simply avoids making any mention of them.
This year’s Bilderberg meeting, held between 2-5 June at the luxurious Mandarin Oriental Hotel in Washington D.C., was no exception.
Established in 1954, meetings of the Bilderberg Group are invitation-only and normally take place once a year. Around two-thirds of the participants come from Europe, with the rest coming from North America.
Publicly, Bilderberg likes to claim that its meetings are simply a forum for ‘informal discussions’. In reality, however, they wield enormous global influence.
The appointment of former Belgian Prime Minister Herman van Rompuy as the first President of the European Council in 2009 famously took place within days of him attending a special Bilderberg dinner meeting that was seemingly organized for the sole purpose of considering his candidacy.
Many other Bilderberg alumni, such as Bill Clinton, Tony Blair, and Angela Merkel, have similarly gone on to assume senior political roles after attending its meetings. For this reason, Bilderberg’s participant lists are often seen as a good indication of where future power may lie.
Please click on this image for a link to the article…
2022 Crypto Bloodbath Slaughtered 80,000 Bitcoin Millionaires
The Bitcoin price plunged more than 60% this year and is now hovering around the US$19,000 mark.
Even after BTC is one of the largest cryptocurrencies in the world, the crypto continued to plunge, taking down the entire crypto market with it.
Several other assets are also experiencing volatility that is shaking the investor community. Bitcoin millionaires are the most adversely affected ones.
Please click on this image for a link to the article…