PULL IT!!!

“The illusion of freedom will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.” Frank Zappa

I know they try to keep us distracted with Taylor Swift’s latest escapades, today’s fake indictments of Trump, Biden’s dog biting another White House visitor, Dementia Joe falling down or shitting his pants while lying about his past, our imminent death from climate change and gas stoves, black lesbians from Maryland being appointed senator from California, allowing millions of third world savages to invade our homeland and then proposing Trumps wall, the annual government shutdown kabuki dance, and sending another $25 billion into Zelensky’s off-shore bank accounts for his noble freedom fighting efforts against Russia.

Continue reading “PULL IT!!!”

America’s Deteriorating Economic Performance

Guest Post by Paul Craig Roberts

The US military/security complex and its numerous supporters in the House and Senate can’t get enough of war.  The one they have going in Ukraine has denuded NATO members and the US of weapons and ammunition, thus creating a massive resupply market for US armaments manufacturers.  This is great profit news for the merchants of death, but it is a foolish policy to be warring with Russia when we are out of bullets.

Not content with our precarious position, Washington if fomenting war with China.  NATO is no longer limited to the North Atlantic Treaty Organization.  It has been expanded to the South Asian Treaty Organization.

Michael Hudson, my sometime coauthor, tells us about it in “The Looming War Against China”  https://www.unz.com/mhudson/the-looming-war-against-china/ .  It is going to be a costly war for everyone, especially for the US as US manufacturing has been relocated in China.

Continue reading “America’s Deteriorating Economic Performance”

The Fed Has Virtually Guaranteed a 2023 Recession

Via Birch Gold Group

The Fed Has Virtually Guaranteed a 2023 Recession

From Peter Reagan at Birch Gold Group

At their May 3rd meeting, the Federal Reserve Committee appears to have established two key things (in their estimation).

First, the Fed continues to promote the delusion that the banking system is “sound and resilient.”

Second, they remain focused on bringing inflation back down to Chairman Powell’s pet target rate of 2%. Continue reading “The Fed Has Virtually Guaranteed a 2023 Recession”

IS THE U.S. BANKING SYSTEM SAFE? – 15 YEARS LATER

“We’ve got strong financial institutions…Our markets are the envy of the world. They’re resilient, they’re…innovative, they’re flexible. I think we move very quickly to address situations in this country, and, as I said, our financial institutions are strong.” Henry Paulson – 3/16/08

The next financial crisis: Why it looks like history may repeat itself Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis

“I have full confidence in banking regulators to take appropriate actions in response and noted that the banking system remains resilient and regulators have effective tools to address this type of event. Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again.” – Janet Yellen – 3/12/23

With the recent implosion of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008, I had an overwhelming feeling of deja vu. I wrote the article Is the U.S. Banking System Safe on August 3, 2008 for the Seeking Alpha website, one month before the collapse of the global financial system. It was this article, among others, that caught the attention of documentary filmmaker Steve Bannon and convinced him he needed my perspective on the financial crisis for his film Generation Zero. Of course he was pretty unknown in 2009 (not so much anymore) , and I continue to be unknown in 2023.

Continue reading “IS THE U.S. BANKING SYSTEM SAFE? – 15 YEARS LATER”

Jeff Bezos Warns Americans to Brace for Imminent Crisis

Via Birch Gold Group

Jeff Bezos Warns Americans to Brace for Imminent Crisis

From Peter Reagan

Whether the U.S. is technically in a recession right now is getting less and less debatable by the day. (You already know my thoughts on the matter.)

Now, even some members of the billionaire class are issuing dire warnings. For example, founder of Amazon Jeff Bezos (estimated net worth $120bn) just warned us not only that a recession is likely, but told us to “batten down the hatches.” Continue reading “Jeff Bezos Warns Americans to Brace for Imminent Crisis”

Just How Healthy Are These Labor Markets?

Guest Post by Jeffrey A. Tucker

he news of the falling unemployment and the rise in total payrolls in July 2022 came as a welcome relief to the White House. There were cheers all around, mainly because it plays into the story that this is not a recession, despite two consecutive quarters of falling output as measured by the GDP. If it is a recession – what’s in a name? – it’s different from any experienced in a century simply because it has not yet hit that key data indicator.

And yet, there are anomalies both anecdotally and in terms of the macroeconomic data. This week, we got news of both Walmart and Robinhood cutting jobs, plus hiring freezes in the financial industry.

As I’ve written many times, the truly vulnerable positions are not in the areas in which people actually do stuff with real skill but rather in the high-end, six-figure jobs in corporate and nonprofit management that became the stuff of envy during the lockdown years. In these jobs, you could both be “essential,” overpaid, and lounge around in your PJs all day.

Continue reading “Just How Healthy Are These Labor Markets?”

Why This Recession Is Different Than All the Rest

Via Birch Gold Group

Why This Recession Is Different Than All the Rest

From Peter Reagan

No matter how you look at it, most Americans saving for retirement are feeling incredible pressure on their entire financial situation right now.

But before we dive into just how dire the economic situation is in the U.S., on the global level things aren’t “peachy” either. In fact, the International Monetary Fund (IMF) is predicting a massive global slowdown:

The IMF now expects the world economy to grow 3.2% in 2022 before slowing to a 2.9% GDP rate in 2023 — marking a downgrade of 0.4 and 0.7 percentage points, respectively, from April. The Washington-based institute said the revised outlook indicated that the downside risks outlined in its earlier report were now materializing. Those include soaring global inflation, China’s slowdown and the war in Ukraine.

But while the global GDP outlook isn’t so hot, the Biden economy could also be heading for serious trouble over the next few months. Continue reading “Why This Recession Is Different Than All the Rest”

Top Analyst Predicts Where Gold Is Going, and It’s Almost Unbelievable

Via Birch Gold Group

Top Analyst Predicts Where Gold Is Going, and It Is Almost Unbelievable

From Peter Reagan

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Fed mismanagement creates huge opportunities for gold investors; gold did what it’s supposed to this year, and a Japanese perspective on gold as a safe haven.

Expert predicts $2,400 gold within 12 months

Gold investors shouldn’t look forward to a reversal in the Federal Reserve’s tightening policies because a flip-flopping Fed would create the kinds of economic instability that not even the biggest gold investors would appreciate.

Two really big and important questions have been making the rounds recently: Continue reading “Top Analyst Predicts Where Gold Is Going, and It’s Almost Unbelievable”

This Week in the New Normal

Via Off-Guardian

Our successor to This Week in the Guardian, This Week in the New Normal is our weekly chart of the progress of autocracy, authoritarianism and economic restructuring around the world.

1. …is a recession good for the planet?

Technically from last week, but more than worthy of note, the Independent headlines that:

Europe and China carbon emissions lowest since Covid lockdown amid economic downturn

Going on to say…

Beijing’s Covid restrictions and high global energy prices are thought to be behind the drop in emissions

So, apparently the “economic downturn” (or global recession, if you’re not interested in twisting words) has a silver lining – lower emissions.

Now, the idea that lockdowns were good for the planet has been peddled before – it wasn’t at all true, but since does that make any difference? – they were laying the groundwork for a “climate lockdown” which has yet to materialise (it is till very much on the agenda, see this article from a few days ago).

But the idea that a recession can be good for the climate because people can’t afford to fuel their cars or heat their homes is both new and very unsettling.

That can easily be parlayed into carbon taxes and so on. Just wait for it.

2. The 30×30 plant: The UN’s eminent domain?

Speaking at the UN’s Ocean Summit this week French President Emmanuel Macron called for either an international ban or some kind of international regulations governing sea-bed mining.

The concept of the United Nations having jurisdiction over the globe, and a responsibility to protect its ecosystems as is bogus as NATO’s claims of a “responsibility to protect” civilians in Libya, Syria or Iraq. It’s all about establishing power and providing pretext.

In 2019, during the (massively exaggerated) Amazon wildfires “crisis”, it suddenly became very trendy to suggest that the rainforest was too important to be a matter of national sovereignty and that an “Amazon treaty” should be established that treated the rainforest as the possession of the entire world.

Such a document would, in essence, be a landgrab on behalf of the United Nations (or whichever acronym agency takes charge, or is formed specially for the purpose).

That plan still exists in the form of the “30×30” initiative, a planned treaty which would see 30% of the sea and 30% of the Earth’s landmass classified as “protected” under UN durisdiction.

Essentially, the treaty would hand immediate control of 30% of the entire planet to the United Nations.

Again, back in the 2019, the Amazon wild fires fuelled talk of a “Climate New World Order”, to quote The Atlantic:

inherited ideas about the sovereignty of states no longer hold in the face of climate change

That’s always the agenda when politicians start talking about the environment.

The draft of the 30×30 treaty is set to be published at the COP15 Biodiversity Summit in Montreal this December. Something to keep an eye on.

3. Monkeypox is apparently still a thing

They really don’t want to just let monkeypox die.

No news yet on the new name, but WHO is warning against “complacency”, the UK is now vaccinating gay men at “high risk” of contracting it, and the media are rolling out new scare stories every day.

Like this one:

Warning early flu wave could join Covid surge and monkeypox outbreak in triple threat

Chilling, isn’t it? Flu AND Covid AND Monkeypox?

Flucoveypox. There’s your new name.

Across the pond, the US’s first “monkeypox case” has finally been “brave” enough to come forward.

He filmed a “confession video” where he warns that disease is super serious and criticises the CDC for not testing enough, which went viral – totally and completely by accident.

Oh, and by chance, he happens to be an actor from Los Angeles.

And if you believe all that, then congratulations you are our millionth visitor this month, click here to claim your prize.

Seriously guys, stop trying to make monkeypox happen…it’s NOT going to happen!

BONUS: Propaganda lesson of the week

The news (especially in the US) has been FULL of opinions on the Supreme Court decisions published in recent days.

You will have heard that they overturned Roe v Wade, handing the power to decide abortion laws back to individual states.

You may have heard that they upheld overruling local gun control laws, claiming they infringed rights granted under the 2nd ammendment.

What you almost definitely didn’t hear about is the decision supporting state vaccine mandates that provide no right to refuse on religious grounds.

Two partisan issues adding fuel to divisive political fires trumpeted widely throughout the media, and one unheralded reinforcement of the state’s power over the individual. Classic.

It’s not all bad…

…right back to vaccine mandates, Biden’s federal vaccine mandate has been blocked by the courts. Again. Of course, since the SCOTUS upheld state-level vaccine mandates, it’s questionable how much this matters, but it’s a win nonetheless.

We covered the Dutch farmers’ protest in a story yesterday, but it deserves a positive mention here too. At least 40 to 50 thousand farmers blocking traffic with tractors, bringing cows into Amsterdam and making themselves heard (or should I say “herd”?). There are half-hearted efforts to paint them as “violent”, but nothing more than yet. Well done to them.

And, given the ongoing war on food, Bob Moran’s latest could not be more apropos…

 

*

All told a pretty hectic week for the new normal crowd, and we didn’t even mention the ever-present bug-eating propaganda or the gentle rehabilitation of the social credit system.

QOTD: ARE WE HEADED INTO RECESSION, DEPRESSION, OR ARMAGEDDON?

Great Depression | Definition, History, Dates, Causes, Effects, & Facts |  Britannica

Economic Depression: Definition, Causes, Prevention

Photos: The Ubiquity of Smartphones - The Atlantic

How to watch and stream The Great Depression: Crash Course US History #33 -  2022 on Roku

The economy is already in a recession, they just haven’t told you yet. They need to get their money out of the stock market before they tell you to panic. Will this just be a standard recession, the next great depression, or the end of our economic system as we know it?

Fed Desperately Wants to Postpone Return to Reality – But It’s Not Going Well

Via Birch Gold Group

Fed Desperately Wants to Postpone Return to Reality – But It Is Not Going Well

From Peter Reagan at Birch Gold Group

“This crash beneath the surface showed something had broken, that the magic had died, that hype and hoopla were suddenly unable to carry the day.”
Wolf Richter

When one signal indicates a market crash that could lead to a full-blown recession, it’s pretty easy to downplay or just ignore that signal (unless it’s a yield curve inversion).

Continue reading “Fed Desperately Wants to Postpone Return to Reality – But It’s Not Going Well”

Recession Alert: Canary in the Economic Coal Mine Just Choked on Crude Oil

Via Birch Gold Group

Recession Alert: Canary in the Economic Coal Mine Just Choked on Crude Oil
Image source American Craft Beer

A market crash is typically short term, while a market recession (like the Great Recession) could last a lot longer.

Of course, there aren’t any hard and fast rules, but neither a crash nor a recession are events those of us closing in on retirement should get excited about.

Continue reading “Recession Alert: Canary in the Economic Coal Mine Just Choked on Crude Oil”

WILL THERE BE A 2024 PRESIDENTIAL ELECTION?

“All tyrannies rule through fraud and force, but once the fraud is exposed, they must rely exclusively on force.” George Orwell

Vanessa E. Thompson on Twitter: "Just a reminder..." / TwitterEvil Assad, Evil Gaddafi, Now Evil Putin: How the West Sells War (and Makes a Killing) | Groupe Gaulliste Sceaux

“Every war when it comes, or before it comes, is represented not as a war but as an act of self-defense against a homicidal maniac.” George Orwell

The smell of tyranny is in the air. The level of propaganda, disinformation, and mistruth has reached astounding heights, as the ruling oligarchy/Deep State/globalist cabal are thrashing about violently because their frauds are being exposed on a daily basis. This shift to the tyranny of force has massive implications for everyone on the planet. When every quote from Orwell’s 1984 applies every day to everything swirling around us, you begin to realize we are in the midst of a dystopian nightmare which gets more ghoulish by the day.

The last two years have been a fraud of epic proportions, conducted by a cadre of evil money titans, their financial, media, and medical apparatchiks, with the objective of tearing down our existing social and economic structure and “resetting” the world where they own everything and you own nothing, eat bugs, and provide the slave labor needed to keep society functioning. Of course, this will be after they dispose of tens of millions of useless eaters through their Covid/Vaxx scheme, global war, and mass starvation.

Continue reading “WILL THERE BE A 2024 PRESIDENTIAL ELECTION?”

These Dangers Loom Over the Fragile U.S. Economy in the Next 12 Months

From Brandon Smith

These Dangers Loom Over the Fragile U.S. Economy in the Next 12 Months

The U.S. and most of the world is at the threshold of what I would call a nexus point in history. There are establishment forces at play that seek to impose a permanent authoritarian presence within our nation in the name of Covid “safety.” This includes lockdown mandates and restrictions on economic participation for the unvaccinated (including being unable to keep a job).

At the same time, only 53% of the public has been fully vaccinated against Covid. A significant number of the unvaccinated seem likely to dig in their heels and refuse to comply with the advice of medical professionals and the government.

Continue reading “These Dangers Loom Over the Fragile U.S. Economy in the Next 12 Months”

Fed official: “If there’s a recession, don’t worry”

Guest Post by Simon Black

Earlier this week I sent one of my team members to a banking conference here in Puerto Rico hosted by the Federal Reserve.

It might strike you as strange that the Fed would be holding an event in Puerto Rico, but it’s not that unusual.

Puerto Rico is a US territory and hence part of the US banking system. So just like the rest of the United States, banks in Puerto Rico (including my own) fall under the umbrella of the Federal Reserve.

The whole point of the event was to help showcase large-scale investments in Puerto Rico that local banks can help finance.

This is actually part of the Fed’s responsibility, something that comes from an old law from the 1970s called the Community Reinvestment Act.

Continue reading “Fed official: “If there’s a recession, don’t worry””