This is epic. This is like listening to Grandpa rail against the Federal Reserve and central banks without realizing the motive behind what the Federal Reserve and central banks are doing. This is the best example to date of the misconception behind ‘The Great Pretending.’
U of Penn, Wharton Business School professor of finance, Jeremy Siegel, rails against Jerome Powell and the central bankers for raising interest rates into a collapsing western global economy. Everything, everything he outlines, is essentially accurate about the damage being done to western economies. …. Except the biggest realization and acceptance is missing…. It’s being done by design. The people he outlines are not making a mistake, they are doing it on purpose. First, WATCH:
The U.S, EU, CA, AU and western economic central bankers did not respond sooner to the inflation crisis (2021) because the central banks were waiting for the politicians in their systems to establish the energy policy that their pre-planned action was intended to support. [<- Reread that if needed].
Once the collective Build Back Better/Climate Change energy policy was established (2021), and after the resulting inflation created the justification for the central bank action, then -and only then- did the central bankers trigger the next phase of raising interest rates (2022) to reduce western economic activity and support the Build Back Better agenda.
All of this was by design. None of this was by mistake. The process, strategy and timing were all part of the Build Back Better agenda. Purposefully created inflation, the result of the energy policy, was planned and used by the central banks to justify the rate increases. It was a self-fulfilling prophecy built into the Build Back Better roadmap.
Now these ‘bankers’ are trying to collapse the economy to meet the reduction in energy production. The bankers are supporting the political motives of the politicians. This is all intentional. Jeremy Siegel misses this core and fundamental aspect. However, some of the lesser ideological western leaders (politicians) are starting to get ‘cold feet.’
The U.S, EU, France, Canada and Australia/New Zealand are ‘all-in.’ Joe Biden (U.S.), Justin Trudeau (CA), Jacinda Ardern (NZ), Emmanuel Macron (FR) and Ursula von der Leyen (EU) are unwavering and all in. All of their central bank control officers are also all-in, including Christine Legarde (EU). These unflinching ideologues are not going to budge, but some of the politicians within their economic systems are starting to get cold feet.
Japanese Prime Minister Fumio Kishida was the first to express reservations about the collective goal to sink their economy. German Chancellor Olaf Scholz is also realizing he may not survive unless he cuts the cord tying him to the Build Back Better anchor of un-survivable renewable energy policy. The recently installed British Prime Minister Liz Truss is also trying to untangle the knot tied by Boris Johnson, as her nation now suffers with double digit energy price increases. These are the first fractures in the coalition since the Build Back Better agreement was made.
Jeremy Siegel is correct as to the outcome, but he -like almost all western financial pundits- are blind to the true motive. Siegel is blaming it on incompetence, instead of going back to the original Build Back Better design as openly expressed by the central banks and politicians in 2020. They were not hiding it.
The collective western leadership openly said this exact scenario was what they were going to do coming out of the useful COVID-19 pandemic.
The Western leaders openly stated they were going to use the time of lowered economic activity (created by the pandemic) as a gauge to measure and deploy a permanent change to the global system of energy development. They were going to exit the pandemic with a new focus on climate change and new energy systems.
That pandemic “exit” was the gateway into the “economic transition” that all of the western leaders then began describing.
Throughout 2021 traditional oil, coal and natural gas exploitation was reduced by policy. Inflation skyrocketed while the central bankers waited like kids playing double-dutch jump rope. Wait,…. summer 2021….. wait, fall 2021….. wait, winter 2021… wait, spring 2022…. and then, after the energy policy cemented,… “NOW” run in and jump – Summer 2022, with the rate hikes. The timing was by design.
Can you see it now?
Austrian Monetary Theory vs. Federal Reserve Inflation Targeting
The phantom of “inflation targeting.”
https://www.capitalismmagazine.com/2017/08/austrian-monetary-theory-vs-federal-reserve-inflation-targeting/
Well worth the read.
Yes, it connects what we observe with why it is there to observe.
My sort of redneck analysis. Free money given out indiscriminately has no value until it is spent. Since the things to buy is not increasing, the price of those things is bid up by those with the extra money. It matters not where the money is pushed into the economy. It can be government projects, welfare or loan forgiveness. Whatever the government prints it for. If it does not buy a demanded good or service, it is just more money chasing the same amount of goods and services. Supply and demand creates the inflation by making everything require more money in exchange. It does not happen instantly, but it happens eventually.
I could never really fully grasp how printing money increased inflation and prices. This article explains it simply. Well, as simply as it is possible to explain economics.
And factor in the attempts to destroy energy production, which increases the COST, withoit adding anything in value, to ALL products.
AND Services…
Living in upside down world?
Shannon Brandt shows no remorse after killing Teenage Trump supporter… – CITIZEN FREE PRESS
If the tables were turned we’d hear it non-stop from the MSM
Yup. Absofreakinlutely.
And who supports and enforces all of this Marxist evil?
Yes, the police.
Police selective enforcement of law is the means for ALL political corruption.
Police protect their buddies and bosses and moronic conservatives blindly “Back The Blue” henchmen for the parasite political class.
Boot lickers disagree.
Amazing how you can pick out a LIB in a crowd. They all look alike. Mean, unhappy and rotten to the core.
The collective judicial system.
🇺🇸TEAM KYLE🇺🇸
Free and Honest Elections stolen by the Government
A Gain-of-Function Virus built by the Government
A Death Serum Vaxx mandated by the Government
A Climate Hoax invented by the Government
An Endless War purchased by the Government
An Energy Crisis manufactured by the Government
Interest Rates manipulated by the Government
Hyper-Inflation designed by the Government
Enforced Impoverishment imposed by the Government
It is all as you say. It is The Great Pretending.
But don’t stop there. That would be pretending, too.
The Goal is World Government–and Depopulation.
Tyranny and Genocide.
#War
Nord Stream pipeline sabotaged by the US government
Following Sundance’s timeline: Low-level Politicians and so-called smart money minds (Uniparty): “We’re just going up to the brink, right?”
“All of EU, et al, but not the U.S., is going to have a hard time economically, right?”
”So, wow, we really are edging up to the brink, but we’re not truly going over it, right? Guys, right?”
”Oh, shit!”
Actually, its;
“Oh, shiiiiit!” as they fall.
Have been thinking a lot about the what my parents and grandparents went during the Great Depression lately. I am not very knowledgeable, or forget exactly what shenanigan’s were pulled to make the stock market and economy crash during that time but I am pretty sure it was as intentioned then as it is now.
All of the debt the US has created for itself out of printed money has to be ERASED off the books I suppose, of the banks despite their bail out, or the trillions of missing from the Pentagon where the missile went right where the auditors used to sit. Imagine all those financial transactions just BLOWN UP as well as all the records in all of the buildings in New York.
Try as they might have, CVD didn’t quite work as planned. Not enough humans took the jab or GAVE UP WANTING TO LIVE THEIR LIVES. NOW AS WELL AS in the Great Depression.
Starting to feel like I am going through my own version of the GD.
Hang tough IG.
In John 19 Jesus told Pilate that he would have no authority unless it was granted from above.
Ultimately our business is with God who is Sovereign and leaves all His enemies in a smoldering heap when His forensic accounting is complete.
Seek the Lord’s mercies and graces in these evil days.
Dear friend, in the end God wins. ✝️
With each passing day, the pretenders sound more panicked and the growing queue of the awakened comes more clearly into view as the distance between them narrows.
With all of the bad going on now, is it wrong to get enjoyment out of watching these politicians, whether here or abroad, figure out that they are truly outnumbered? WE are the people , and THEY are the enemy! (and FJB)!
Always look behind you at the size of your army.
The size of your wallet means nothing. It eventually empties.
Me thinks the collective politicians have looked behind them.
Well, we do have a pretty high perch here at the Treehouse.
“deploy a permanent change to the global system of energy development“
The issue is energy Through-Put. There is no alternative to match pre COVID energy production.
Solar, Wind, Nuclear, Hydro combined cannot match energy produced by natural gas and coal.
You don’t do more with less you do less with less. Reminder…for government to say to us how we are going to live our lives is the slow burn towards tyranny.
I would say that nuclear (4th gen) could be included as a player with coal and natural gas if the ever decreasing stigma against nuclear power plants can finally be laid to rest, and we begin building more of them.
Albert Einstein, who proved E=MC2, knew that using atoms is the only way to ensure enough energy for comfortable living.
So, yes, nuclear fission and other uses of atoms is the future.
Not the damn wind. At least the sun throws oceans of Hydrogen atoms at us every day.
It will be one of histories greatest ironies if the saviour of Europe, from its current destructive glidepath, is Putin.
The Antichrist will preside over the New World Order, as prophesied in Revelations.
Yup, they’ve crippled energy at every possible juncture.
Sufficiently so that analysts such as the one agonizing above have no excuse for not knowing what Sundance knows and not screaming it from the rooftops.
There are a lot of criticisms about the Fed’s moves these days … and they’re all mistaken and incorrect. The fact is that the Fed has no choice, because of what the Fed and what the federal government has done over the past 15 years – combined with the Biden junta’s mega-stagnation and supply-killing policies.
It DOES NOT MATTER that we are in a recession. The dollar is going down the tubes and this Fed actually thinks they can save the dollar (which they certainly CANNOT). In that case – to try and save the dollar, interest rates must go up (they are not even close to real returns of 0, yet) and the Fed’s balance sheet must be unwound. There will NEVER be a good time to do that, because it is an impossible task (made so by the insane policies that printed and borrowed like never seen before).
The only real solution to this problem with the dollar is to grow out of it – which Trump tried and was possibly going to be able to do, or, barring that (and there will be no growth, at all, with leftists running anything) for the US to default on the national debt. Politicians will be loathe to default on the debt, and there is a secondary problem with that solution, anyway, which is that trillions of dollars will be immediately repatriated home and inflation will hit the stratosphere into true “hyper-inflation” territory.
I’m just waiting for the first new debt service bills to come rolling in where the federal government now has to spend over $1.2 TRILLION in annual debt service (before any more hikes in interest) …. The deficit will EXPLODE again and there will have to be some really serious expenditure issues the likes of which the US hasn’t had to contemplate for decades … maybe forever.
Why am I liable for the debts of the private bank called the Federal Reserve?
Why can’t we just send them their federal reserve notes back and let them pay off their debts, while the Republic issues its own gold backed currency to replace the private federal reserve debt notes?
Didn’t Iceland do something like this 20 years ago or so?
The national debt is on the United States’ books, not the Fed’s. The Fed has just been printing cash (and “buying” US debt/putting interest rates to near zero, in lieu of printing actual cash) in order to allow the US to borrow money from future generations in order to waste now. But Treasuries are liabilities of the United States, not the Federal Reserve.
I’m with you joemomma.
It’s like paying exorbitant school taxes when my children are long out of the nest.
I don’t think you’ll see any positive changes in the “fed” any time soon. ✝️
We are liable for the Fed’s debts because we were the once who spent that money. It’s not unfair to us — only to our great-great grandkids who will inherit the consequences of the enormous debt we haven’t been paying down.
The Fed is trying to force us to bite down on that debt: While they probably won’t actually do very much in that direction every little bit will help.
They want to destroy the fiat dollar so they can usher in digital currency, which would be tied to your “social credit” score. Payment of everything via your digital currency and when the electric grid is stretched your access to currency to buy approved items is limited. Total enslavement.
That’s generally when small groups establish their own currency and toss their middle fingers up at the governments that no longer represent anything but themselves.
“… small groups establish their own currency …”
And now, your guess about the reason for 87,000 new IRS agents who are willing to use firearms?
Right — Revenooers! People violating new laws against private currencies and/or failing to pay taxes on transactions in those currencies will be the targets.
Sounds just like rationing. My friend has relatives in Cuba who live that way. Everyone scrapes by on monthly rations of flour and sugar.
Once in a blue moon, a truck pulls in with “luxury” items like shampoo. First come, first serve. Think Black Friday at Walmart.
That’s no way to live.
I don`t owe anything . these politicians that passed these spending bills owe the money . Burn down the Fed and destroy this filthy traitorous government that sucks the life out of us .
Thank you for your post. You obviously have a big brain.
I’m a small biz guy. I’ve just launched a sister co. to compliment my existing biz with very little capital outlay. I think we can add 70% to our net over the next 24 months…barring a total collapse.
Any advice is welcome. I’ll check back. ✝️
The dollar is currently getting stronger against most other currencies; ‘down the tubes’ isn’t yet in evidence.
Debt service bills only skyrocket as debt must be rolled over, thus the problem is gradual over the next several years although in the end it’ll be catastrophic. The Fed is probably hoping they’ll be able to lower interest rates again in the not too distant future.
Otherwise I largely agree.
First of all let me say for the record that the federal reserve is a criminal enterprise conceived by the wealthiest men in the country to ensure that they would remain that way in perpetuity. It is a cancer that needs to be cut out before it kills us.
Having said that there is a possibility that the large investment banks that actually run the fed now see lending money to the US government as a genuine threat to their continued prosperity. Perhaps they have concluded that the US government is likely to default on their debts, and as a result they are determined to pass the buck and not get stuck holding the bag when the SHTF. At the same time, the communist government in DC has authorized another $2+ trillion in spending over the next two years that can only be funded by issuing debt in the form of treasury bonds. The owners of the fed don’t want to buy any more US debt. So perhaps they are raising rates in search of a point that other buyers will be tempted to step in and buy. They obviously don’t care at all about recession and rising unemployment. What matters to them is finding some new suckers to unload their problems on.
A sovereign nation of sovereign people must issue its own currency. It is treasonous to grant the privilege to private interests. It is a limited imagination that equates a nation’s issuance of currency with a corresponding issuance of debt. It is a false paradigm meant to extract the value of your labor. A nation can most certainly introduce “currency” into the economic system without the countervailing “debt”. No intermediary is needed.
Machiavelli could not have designed a more F’d up plan/program. How could hundreds of millions of people be taken down this path?
Lest we forget, the mainstream media has a critical role to play in THE GREAT PRETENDING.
Have you been on Twitter lately? Lots of really stupid uninformed, misinformed people. And then there are the intelligent ones who just don’t know because they’re too busy living their lives – trusting it will all work out if they just vote rat.
How does Ukraine fit into this picture? These people had to know the provocation would be too much for Russia.
Maybe they want the taps turned off this winter?
I think they thought that Russia needed to sell gas to Europe more than Europe needed to buy gas from Russia. Remember, Biden thought he had destroyed the Ruble back in the first few days.
Also, they thought the whole thing would be over in a couple of weeks, at most, and everything could return to normal with the Ukraine back as part of Russia.
basically, the West got everything wrong they possibly could. But, then, they’re all morons so it makes sense.
Russia doesn’t want all of Ukraine and Putin said as much at the onset of the military action. Ethnic Russians living in Southeastern Ukraine wanted to be part of Russia again to escape persecution from Kiev.
Moscow got the Crimean Peninsula back some time ago without a shot being fired. Repatriating the peoples of Donetsk , Luhansk, and Donbass would give Russia their much desired “land-bridge” to the warm water ports in Crimea.
Most likely the globalist kingpins didn’t think that Putin would actually move military forces into Southeastern Ukraine. And in that assumption they were dead wrong.
Politicians the world over are the same… Mostly idiots.
It sucks for the Biden Secretary of State’s office to not have “intel”….good or bad intel. They’re running blind.
No. the EU, NATO, UK, US knew what Russia would do in Ukraine because Putin has been spelling it out for them for years, at least since 2014 when the first Ukraine color revolution was instated by CIA. The take down of Europe, like the take down of the US economy is intentional, it is to hide what they stole to cover the derivative bad bankers bets in 2008-2010. The US and European politicians need their sins (treason/sedition/?) in Ukraine to stay covered up. That is why they are spending so much to prevent its exposure. In 2008, the derivatives exceeded world GDP by orders of magnitude. In the intervening years, Bernanke managed to cover it up and kick the can one more time, then, pass it to Yellen, who passed it to Powell. The malfeasance of all of the politicians and the Federal REserve banksters required them to cover up what they stole from all US citizens. This will become starkly apparent in the next 2 years or so. The mess made out of mortgages in 2008 was intentional by corrupt souls in power and the cover up was intentional by the Federal Reserve and congress.
War Zones operate by different rules. Desperate people pay extravagant prices for what they think they need. They leave behind valuable but hard to transport items. Black market rates on items of dubious provenance become very advantageous for those exchanging scarce desirable goods. A few weeks back I read the Black Market rate for a Javelin Missile was $10,000.US. That was then. Most importantly, War Zones are a great way to launder money by muddying the path it takes. Nefarious deals are made involving bribes and kickbacks. Do I really need to say more?
but it seems absurd that they would do this. it will have a force 5 blowback which will work to the detriment of green energy for a generation.
similarly, the all the chips on the ukraine war and the sanctions on russia will destroy nato and the petrodollar. they are bankrupting themselves as well as their masses.
putin, xi, and modi will be the winners when the dust settles. iran, saudi arabia, possibly brazil and turkey too.
Green energy is not the objective, a controlled demolition of global economies to create a one world government in total control of each and every human on the planet. If the globalists actually cared about green energy, they would at least carpool in their private jets. Similarly, the destruction of the petrodollar is their objective. They knew in 2008 that it would have to happen because the derivatives globally so far exceeded global GDP. Bankruptcy was ultimately the only outcome. They kicked the can down the road long enough for their plan for ultimately dealing with it was attainable. Primary focus of their plan is population control because without it, they lose power.
Contrarian economist Larry Summers was right all along about inflation. His ominous new prediction for what’s next.
https://fortune-com.cdn.ampproject.org/v/s/fortune.com/2022/09/23/economist-larry-summers-inflation-economy-prediction/amp/?amp_gsa=1&_js_v=a9&usqp=mq331AQIKAGwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16640492980171&csi=0&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Ffortune.com%2F2022%2F09%2F23%2Feconomist-larry-summers-inflation-economy-prediction%2F
Of course, he was. He was the architect for getting us into 2008 crises and for covering them up.
Why are big banks and big corporations supporting policies that are going to destroy the economy and result in less profits for them? Why do they think when they create a massive recession, if not a depression, that angry people aren’t going to throw all of these Build Back Better supporters the hell out? Unless they really can and intend to rig the vote tabulations to ensure they can’t be voted out.
No crystal ball but I think it’s a culmination of decades of transition to a debt-based economy and business climate where companies have become profit shells, run on debt, to benefit the principals and if things go sideways they walk away leaving shareholders and/or the banks/government holding the bag, presuming the government (us as taxpayers) doesn’t bail them out.
As someone who ran an asset-based industrial business for decades, that’s the only thing that scans with me. The individuals are fine; in fact they’re quite wealthy. The businesses are expendable. The individuals don’t care what we think of them; it’s part of the narcissism of business in general. It’s about the money.
And power?
The Fed says unemployment will rise. Here’s who economists say would lose their jobs first.
Excerpt:
Those job losses will disproportionately fall on some of the most vulnerable workers, including minorities and less-educated employees, according to economists and studies of past downturns.
https://tinyurl.com/2p8pk5dn
Great gains will go to one who can see some of the “unintended consequences”, that are certain to reveal themselves 10 years from now. It should start with tangible currency to protect oneself from being “debunked” like the Canadian trucker and their doners. “Bitcoin” didn’t help them.
DeBanked
Isn’t “Bitcoin” basically electronic? What happens when/if the power goes out?
👏👏👏
I just want to say how grateful I am to have discovered this site several years ago. It offered sanity and logic and education when the world truly started going crazy about 3 years ago and I needed an alternate news source and affirmation that it wasn’t me who had gone nuts.
Sundance’s wisdom and insight have been a light in the darkness.
And the intelligent and thoughtful posts from 99% of the Treepers is the other reason I enjoy coming here every day. Gives me hope that humanity might survive.
Hear, hear!
Sundance is an incredible resource of truth, discernment and analysis and the Treehouse community is awesome.
🙌🤟🙌
It was all laid out in the Biden/Sanders Manifesto pre-election. They are doing exactly what they said they’d do. I just didn’t believe they could pull off the Big Cheat. What I will probably never understand are the people with TDS. How do we have so many weak minded people?
This is ALL about the money. While they have us fighting stupid fights amongst ourselves about “Q”. Good Lord people, don’t fall for this.
I believe it was about 50 thousand votes strategically distributed that did us in. With 150 million votes tabulated, seems like shooting fish in a barrel to manipulate.
you are so easily deceived…there were MILLIONS of votes that just WEREN’T…..there were millions more that were manipulated around to count the way they want them to count
Yes, and the whole Big Cheat hinged on 5 dirty little corrupt cities:
BUT all jurisdictions cheated
They will Build Back Better even if it kills all of us. Not kill them of course, someone needs to control what is left.
“Can you see it now.”
I can see the machinations the global deep state is using to impose the “great reset”, but I can’t seem to get many normies to see it. None of this is accidental or due to well meaning incompetents. Most people actually think that governments, pharmaceutical companies, etc. actually are trying to do good things to benefit mankind and are just making mistakes.
It is so frustrating to be feel largely powerless against the great brain washing perpetrated on the people of the world.
It’s as we always said;
”If the purpose is to crash the economy, it’s working”
And, once the economies of these “western nations” collapse, they will insist the only way to fix the economy they collapsed, is with a Digital Currency.
Create a crises, to justify a policy you want to implement, and have the useful idiots even clamoring for it.
Same idiots driving around wearing masks, standing in lines in the rain, with their kids, to get the jab will be championing Digital Currency,, and karen attacking anyone who resists D.C.
With the control they had, they screw everything up, and then drmand MORE control, to “fix” it.
No shortage of hubris!
deleted
Encountered one of these covidiots earlier today.
Alone in the car in front of me at the pharmacy drive-thru.
Took like forever back & forth for her complete her transaction.
Facemask worn dutifully up over her nose as ordered.
During the summer of 2020, I was in the drive thru line at a fast food establishment and the woman directly in front of me attempted to place her vehicle 6 feet from the pick up window (she dutifully placed her mask into position after she spent 5 minutes in line smoking a cigarette, windows down). The cashier nearly fell out of the window attempting to hand this customer the POS scanner. Fast forward to the present day: I stopped at a steak sandwich shop located in a retail area next to a fairly upscale apartment complex. Two women, likely around 25 to 30 years old, came into the shop wearing masks. I know one of them did see my eye – rolling head – shaking expression. The millenials will not give up on this.
Prescient Sundance!
Come wintertime, and all bets are off – already EU is heavily into burning coal to get themselves warm, after having pissed off Putin and got their gas pipeline shut down. The WEF scums will get their comeuppance. I am certain of this. By next Spring, the landscape in EU may look very different.
I hope and pray the WEF scum get their comeuppance!
Wouldn’t surprise me to see benevolent dictator Putin open the energy supply lines just in the nick of time to help out his western neighbors stave off old man winter.
the cold feet … are a prelude to getting hung on street light posts…
And who supports and enforces all of this Marxist evil on society?
Yes, the police.
They have the power to stop it too.
Police selective enforcement of law is the means for ALL political corruption.
Police protect their buddies and bosses and moronic conservatives blindly “Back The Blue” henchmen for the parasite political class.
Boot lickers disagree.
“The US nuclear arsenal will hereby be run on wind power” – Joe Biden, SOTU address 2023
Perhaps even grassroots Democrats are starting to realise that “Green” = no money, no energy, and no national security. By design…
The realities of everyday life are a hinge point where MAGA can change hearts and minds to, if nothing else, form a basis of unified recovery once the dark times have eased, presuming voting doesn’t work.
IMO recovery will be longer lasting and more pervasive if citizens unify and cooperate. Division is our enemy as much as those relatively few humans who are doing this to us.
While I understand the premise, I still don’t understand the point. The West only involves about 15% of the globes countries. Those currently aligning with Russia/China are continuing to forge ahead with fossil fuels, and their economies will survive. Did Western hubris think that the whole world would adopt this idiocy?
Yes, they did, because they’re conceited. Humble pie is being served on the Lido deck
Yes, the West has been making some plans.
They are doing this to save their economies from their fiat currency/tremendous debt concerns.
Meanwhile Russia is leading the world off the US dollar reserve currency. It’s why the US/West are punishing Russia.
Currency War is far bigger than the Energy/Social issues.
I love this guy, I think he saw the light and has taken the red pill. He knows that there has been some not so good for the rest of us manipulations taken by governments.
We had the stone age,
The bronze age,
The iron age,
The space age,
And now we have the age of deceit.
If we are not too unlucky we’ll get to return to the iron age. If we are very unlucky indeed it’ll be back to the stone age.
The question I always have when someone with technical knowledge makes these sorts of rants where they miss the likely motivation…
Are they providing narrative framing and cover / are they controlled op? Or are they, like so many, a good person who just can’t get into the head of a bad person?
It’s critically important to be able to get an answer to these questions. Often time one has to go with body language tells.
Yes, the West has been making some plans.
They are doing this to save their economies from their fiat currency/tremendous debt concerns.
Meanwhile Russia is leading the world off the US dollar reserve currency. It’s why the US/West are punishing Russia.
” The bankers are supporting the political motives of the politicians.”
Or, are the bankers, along with the globalists and multinational corporations telling the politicians what to do. I think this is what is/has been going on.
Maybe PDJT should make a major economic address to the nation?
Here’s another example of Pretending. Elites are constantly wringing their collective hands over democracy being in “peril” or in “danger”. We accuse them of hypocrisy, saying what the heck, you’re an undemocratic lot to begin with. Like the pot calling the kettle black. The problem is that they are not being hypocritical, they are not gaslighting, they are not lying. They’re telling us exactly what they have always believed: democracy is a kabuki theater used by elites to manufacture consent for stuff they were going to do anyway. So when they say “democracy is in peril!”, translation to normie is: “If you don’t smarten up and stop electing hooligans, we’ll quit this whole democracy cosplay routine altogether.”
We are like toddlers being scolded by our parents, who refuse to believe the consequences of our misbehavior will actually be applied. In fact, our “parents” have every intention of giving the consequences to us good and hard.
There are other theses that should be considered. The US separation from LIBOR was a prerequisite to the US extricating itself from the attempted European Old Money takeover of the world. Powell is raising rates at the behest of the primary US banks. This is a deliberate attempt to destroy the ECB/EU. Also, perpetual low interest rates were always going to destroy the economy at some point. There is no alternative to major pain. May as well do it now while China and Europe are sucking wind economically.
Lots and lots of handwringing here, but no solutions, no goals to stop it, no hope. Yes, let’s just depress the population. Let’s bring them to despair, so they will be even easier to control. Get a grip, Sundance, your messages are constantly doom and gloom. Perhaps a vacation, a therapist, some meds…something. If this is what helps pay your bills, then God help you!!
I see all the details, sure. No arguing with those. However I think Sundance is mostly wrong about the interpretation.
Energy and particularly petroleum (needed as feedstocks for just about everything quite apart from energy) are being made scarce by deliberate U.S. (and some other governments) policy. That is a fact and cannot be reversed until we replace our government.
In response, the economy adjusts demand downward to meet supply, in other words America is transitioning to a lower standard of living. Short of sanity returning (i.e.. replacement of our top government officers and many Congressmen) it cannot be otherwise. The only variable is how that transition occurs.
All the ways to transition are bad but they’re bad in different ways and to different degrees.
Along the ‘do nothing’ path — is that the one Sundance favors? — we get hyperinflation. There’s no need here to talk about how that ends. Notice that the pain falls mostly on those with fixed incomes who likely face destitution.
Possible specific actions by government would be rationing, price/wage controls, nationalizing of industries, or some form of subsidy. I doubt anyone here needs much time to think about those, either — you can consult ‘Venezuela’ if needed.
The Fed is taking another approach by raising interest rates. This is probably the least bad of the available options. It will cause lots of unemployment and more or less crush the stock market — these are the purposes, not unintended side effects of the tactic. Both will directly reduce aggregate demand and will deliver the most individual pain to those whose income is from stocks — not too many poor among those — and those lower on the employment ladder.
This Fed tactic has some additional advantages: Our markets have been severely distorted for decades by the constant supply of free money. Essentially no stock now trades on its actual value — it’s just a huge crapshoot, and making money depends on finding the next bigger fool. Thus the business landscape is full of zombies — companies that make no sense based on the value of their products. At the same time, savers can earn nothing so there’s no incentive to save. What is economically rational for any of the players is in every case destructive for the economy.
The raising of interest rates toward historical norms — 5-6% or so — is a large step in the direction of fixing all that. This is a terrible time to be taking that step but we seem to have discovered that rational economic policy isn’t possible during good times.
We can hope for the near-term rediscovery of sanity but there are great forces in opposition (see ‘stolen election’) so that’s not likely until we hurt a lot worse than at present. And the direction we’re headed is the best of the bad options that are actually possible.
“Once the collective Build Back Better/Climate Change energy policy was established (2021),
… All of this was by design. None of this was by mistake. The process, strategy and timing were all part of the Build Back Better agenda.”
It goes back further than 2021.
In March 2020, Governor Cuomo got the Emergency Powers law amended to expand the definition of “Disaster” from “Imminent threat” to include “urgent threat”
Governor Cuomo also telegraphed his intent to rule by directives he felt were “consistent with the goals of [addressing the urgent threat of climate change]” within his amended definition of “disaster”—by adding the words “disease outbreak” despite preparations for the imminent epidemic already underway.
“disaster” means occurrence or imminent, impending or urgent threat of wide spread or severe damage, injury, or loss of life or property resulting from any natural or man-made causes, including, but not limited to, … epidemic, disease outbreak…
QUESTION: Since “disease outbreak” is synonymous with “epidemic,” why would the drafter destroy a perfectly clear sentence with such a grotesque contextual redundancy?
ANSWER: Because documents like Presidential Memorandum — Climate Change and National Security and 2015 National Security Strategy link “disease”—rather than “epidemic”—to climate change.
“Keeping nuclear materials from terrorists and preventing the proliferation of nuclear weapons remains a high priority, as does mobilizing the international community to meet the urgent challenges posed by climate change and infectious disease.”
( 2015 National Security Strategy, pg. 7)
“Impacts of a changing climate can create conditions that promote pest outbreaks and the spread of invasive species as well as plant, animal, and human disease, including emerging infectious disease, and these can further undermine economic growth and livelihoods.” (‘Presidential Memorandum — Climate Change and National Security’, September 21, 2016)
The primary duty of an American President is the duty of undivided loyalty to his country—i.e., those American people who entrusted him with power over them—much like a trustee’s duty of undivided loyalty to the beneficiaries of a trust.
An American President that puts interests of his own or of others—e.g., another country or the entire world—above the interests of America and its people is categorically disloyal.
So Germany went ahead and has shutdown all but one of the their nuclear power plants. Belgium shutdown one of theirs. Taiwan has a big two unit plant that never started.
I’ll give France credit for rushing repairs on four reactors with minor cracking issues so they can operate this winter. Even California had to let Diablo Canyon continue awhile longer.
When life gets real, we the People have to burn all illusions – and eject those who force illusions upon us.
So many outlets, so many of my friends, so many opposed to this great reset, all ascribe this current economic collapse to failure, stupidity, ignorance, even best intentions. This is, and this forum is one of the few who I believe see the truth, this current effort to destroy the world economy is intentional.
It is specific, and purposeful, and working as designed. And I hold a relatively radical view that the design is to institute a truly fascist world governance, utilizing big corporations to enable and conspire with big governments to subjugate the populations to further their goals of enrichment, domination, and the destruction of current and future opposition.
Only their rank-and-file are failing, failing to see the reality of their goals, the foolishness of the methods, the destruction to be caused.