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THIS WEEK’S EDITORIAL
CHINA IN THE DRIVER’S SEAT: On 17th January, Xi Jing Ping addressed the Davos online meeting. This is what Xi Jing Ping said at Davos. The rest of the speech was essentially political speak (filler) — a hat tip to vaccines and climate change combined with a clear denunciation of the United States hegemony.
However, here are the key messages which BOOM interprets as “move over, we are in charge now”, “the depopulation agenda is intellectually bankrupt”, “the Covid strategy is ended”. This looks like a decisive moment in world history. Fear may soon come to Davos.
“We must do everything necessary to clear the shadow of the pandemic and boost economic and social recovery and development, so that the sunshine of hope may light up the future of humanity.”
“We need to move forward by following the logic of historical progress, and develop by riding the tide of development of our times.”
- “First,we need to embrace cooperation.”
- “Second,we need to resolve various risks and promote steady recovery of the world economy.”
- “Third,we need to bridge the development divide and revitalize global development.”
- “Fourth, we need to discard Cold War mentality and seek peaceful coexistence and win-win outcomes.”
“The right way forward for humanity is peaceful development and win-win cooperation. “
Some in Davos will have great difficulty with these statements but they will not mistake the intent. So it looks very much like China has decided to take control.
Two days later, Boris Johnson in the UK changed the Covid narrative completely. He suddenly announced the end of virtually all anti-Covid measures. Many other governments will soon follow. Denmark has done so already.
IS THIS THE BEGINNING OF THE END FOR COVID? The Covid “threat” may be coming to an ignominious end. The obvious perpetrators will be thrown under the bus. Already, there are legal actions taking place to try them for many crimes, including Crimes against Humanity. In The Hague, a case has been lodged at the International Criminal Court.
In London, a Police investigation has been launched — an open criminal investigation in the UK under Metropolitan Police Crime Number 6029679/21 is being investigated by Hammersmith Police and Metropolitan Police in the UK. Anyone, anywhere on the planet can supply evidence. A further Criminal Complaint has been lodged with the Attorney General in the State of Texas, USA.
The UK Investigation: https://policescotlandangels.org/?p=979 “The Crimes Cited — 1, misfeasance in public office – 2, misconduct in public office, – 3, conspiracy to commit grievous bodily harm, – 4, conspiracy to administer a poisonous and noxious substance to cause serious harm and death. – 5, gross negligence manslaughter, – 6, corporate manslaughter, – 7, corruption, 8, fraud, – 9, blackmail, – 10, murder, – 11, conspiracy to commit murder, – 12, terrorism, – 13, genocide, – 14, torture, – 15, crimes against humanity, – 16, false imprisonment, -17, multiple breaches of our human rights, – 18, war crimes, – 19, multiple breaches of The Nuremberg Code 1947, – 20, multiple breaches of The Human Rights Act 1998.” Source: https://dailyexpose.uk/2022/01/18/update-on-criminal-case-%e2%80%8bfrom-mark-sexton-16th-january-2022/
The International Criminal Court in The Hague: “Based on the extensive claims and enclosed documentation, we charge those responsible for numerous violations of the Nuremberg Code, crimes against humanity, war crimes and crimes of aggression in the United Kingdom, but not limited to individuals in these countries.”
Criminal Complaint lodged with the Attorney General in the State of Texas, USA: From the Conclusion: “The overwhelming sum of information presented herein, much of it incontrovertible, offers more than sufficient probable cause to believe that one or more of the named Defendants has committed the offenses alleged in this Criminal Complaint, specifically mass murder through the commission of crimes against humanity.”
STOCKS, BONDS AND CRYPTO DROP: Last week was a sobering week for investors. The prices of stocks, bonds and Cryptos fell sharply. And then the Atlanta Federal Reserve GDPNow estimate for the growth rate of US real gross domestic product (GDP) was published at 0.1 %. Yes — you read that right 0.1 % — barely positive. BOOM checked that number about a week ago when it was around 6 % (!)
So the scene is now set for the Federal Reserve to continue to say “we must act against CPI inflation but we must be very cautious and very careful”. Such statements will set the scene for a token “tightening” of monetary policy. Meanwhile, China will launch a big increase in money supply during February, putting the Fed to shame.
In response, the Fed will allow US banks free rein to create more credit money collateralized against high house prices. And they will find a way to crush prices in energy and other base commodities. If so, China will smile. Along the way, watch for the current shenanigans concerning the Ukraine to stop.
China’s ability to boost money supply at critical junctures has been a feature of the last 13 years since the Global Financial Crisis of 2008 which was caused by massive bank fraud and overblown loan books in the Western advanced economies. They have since saved the financial systems of the advanced economies many times and will continue to do so. But they will insist on advancing the cause of the emerging economies, especially those in the Belt and Road Program.
Again, China plays the long game while the US is forced to tag along, often mischievously. We need the United States to play smarter, much smarter. The stakes are high, especially the economic stakes. Making fewer and fewer people in the US rich beyond all avarice is no longer a strategy that can sustain a civil society. They must reform their monetary system first and foremost by reducing the volume of credit money and expanding non-interest bearing money (cash).
They have wandered a very long way away from how things were in the 1950’s and 60’s to a place where the banking and financial system dominance is all too encompassing. BOOM offers a way forward in Quantitative Boosting QB — a simple money solution with huge consequences for a better society going forward. Fresh new interest free money must pass from the banking system into the real economy but not via the asset markets. More and more excessive asset price inflation fueled by QE is a road to nowhere.
QB EXPLAINED
https://boomfinanceandeconomics.wordpress.com/2019/12/15/boom-as-at-15th-december-2019/
CHINA LIGHTS THE FIRE WITH ELECTRONIC CASH: Meanwhile, China’s biggest on-demand service provider Meituan has started permitting over 200 categories of offline merchants to accept e-CNY, China’s new digital currency (electronic cash). The offline merchants include restaurants, grocery stores, cinemas and hotels.
This move marks another major step by the Beijing-based company to promote the country’s digital fiat money (electronic cash) after enabling e-CNY payments for online food deliveries earlier this month. Meituan also said it would give out discount vouchers to consumers who pay with e-CNY. Local governments in some cities have been giving away electronic cash through lotteries to encourage citizens to try out the e-CNY.
THE USA IS OUR ONLY, LAST HOPE: BOOM is a great admirer of the Republic of the United States. It is our only and last hope against tyranny and for continued Freedom, Free Speech and Free Choice. But it has been governed very poorly for well over 40 years, arguably since the end of World War Two, beholden to the self-obsessed financial sector.
Corruption seems evident at all layers of government and throughout the mainstream media. Talent is rare. Independent thought is even rarer. Open censorship is now rife.
The “Beacon on the Hill” must regain its principles, its purpose. It must rebuild the Republic in the spirit of its founders. The globalists and their agenda of control must be recognized and suppressed. The corruption in the globalist controlled, non-elected, self-appointed, unrepresentative, Non-Governmental Organizations established in the wake of World War Two must be equally recognized and suppressed.
They have become anchors holding back the progress of mankind and dominating peoples all over the planet. Nation States must regain control of their destiny, led by the USA. The remnants of the British Empire — the UK, Australia, Canada, New Zealand and India must regain their sense of self destiny and self-governance. The alternative of global totalitarian tyranny is not a viable alternative.
In the Federalist Papers (paper 51), James Madison wrote,
“It is of great importance in a republic not only to guard the society against the oppression of its rulers, but to guard one part of the society against the injustice of the other part. Different interests necessarily exist in different classes of citizens. If a majority be united by a common interest, the rights of the minority will be insecure…”
The Republic is guaranteed to us by the United States Constitution, article IV, section 4. But the United States now has a lot of work to do to repair the Ship of State. It is not yet damaged beyond repair but the clock is definitely ticking ………. and the hole in the hull is leaking badly.
In economics, things work until they don’t. Until next week ………… Make your own conclusions, do your own research. BOOM does not offer investment advice.
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No doubt China seems itself as the new leader of the world and has planned for this day for a couple of decades. I find it humorous when Xi says “… seek peaceful coexistence and win-win outcomes.” It will be interesting to see how Taiwan “wins” when the Chicoms take over.
At this point, I do not think it is possible for the United States to ever regain its stature as the leader of the world.
Back when the Soviet Union appeared to be 10 feet tall (from our Vietnam debacle to the Carter Years) it was said that the long-term goal of American diplomacy was to obtain the best second-place position possible.
After enjoying a few ‘unipolar decades’, the leadership of the USA is now in the process of returning to the above goal, and America’s money-for-nuthin’ FIRE economy will be the next major casualty, once the looting of the middle class has been completed.
At least our leaders got to line their pockets for another generation….
I agree, it is difficult to see how the Fed is going to get out of the hole they’ve dug. They have to go back to QE when the markets swoon on QT and inflation drives up interest rates. I think we will see stagflation as economies slow down and shortages will get worse. Debt defaults will increase and at least 20% of commercial bonds are zombies.
Our problem is the internal efforts to take the country down by these EVIL dudes.
The Evil dirt bags that are out to destroy the country, and the World, for the stealing rights, reviewed.
As long as America has a European Controlled Rothschild related Central Bank System instead of a US Treasury-Congress controlled system, we will have a ZOG and our Politicians will dance to their printed crooked Fiat money tune; our Politicians will serve foreign NWO interests instead of American’s interests. That is an awakening Americans need. Andrew Jackson got rid of them about 1830 and Woodrow Wilson brought them back in 1913; until their crooked political mob money generating machine is destroyed, we can’t possibly have a honest democratic American citizen managed government system. We need to demand that the criminals responsible for the Wuhan virus enhancement and the CV-19 Sterilizing Genocide Shots are prosecuted, and then the criminals that run the NYC-Wall Street Financial Money Syndicate are prosecuted. That done, the Swamp will almost dry up.
Fauchi and his workaround to collaborate with the Chicoms should get him fired and brought up on charges.
Yes, but he seems pretty well fireproof at present even after all the evidence but they are trying:
https://www.zerohedge.com/markets/house-republicans-release-damning-fauci-emails-suggesting-concealed-knowledge-lab-leak
Yes rhs jr – all agreed. We know that the Globalists are working with the CCP to bring about the Great Reset and Global New World Order but exactly how we will get them into the courts I don’t know. And will they even be effective?
We’ve been here before at Nuremberg and that didn’t work since most of the Nazis are still with us or their offspring and still control the money.
I think it will have to be a replay of 14 July 1789 when the bread runs out and the circuses have closed.
If the price of fertilizer keeps going up, we will run out of bread, beef, milk, hamburgers, tacos, potatoes, rice, orange juice, bacon, eggs, chicken, pork, cabbage, tomatoes, beans, coffee, and cake.
I love ya AusPete. But, if America is your last hope ….. YOU ARE IN VERY DEEP SHIT!
Hi Stucky, good to see you back my friend! 🙂
If good ‘OLE USA isn’t coming to the rescue then the world is lost IMHO – there’s nobody else. The EU has had it and UK too!
I have just finished reading Dr Peter Breggin’s book and he is so for USA, USA! Well worth a look:
Pete? Just come on down to Podunk, Nowhere in the suburbs of the Missouri sticks and you’ll be safe and sound.
There really are not a lot of idiots here. Dumb hicks, maybe. Idiots? No.
Many thanks for the invite 🙂 I would love to but my pensions probably won’t survive your raging inflation and UK too. In South Africa we do have 6% official inflation but I make it up on the ZAR – at 20:GBP at present!
Did you happen to see my little story about my mother’s dream the other day? How she is now intent on making sure everyone she sees knows about Jesus? She’s the Holy Terror of the Advance Missouri Nursing Center.
I thought I left a comment (I could show you an image of it… I used to send the images to EC to show him what shadowbanning meant.) I think shit’s about to get real.
We’ve got trucks lined up for miles. I’m hoping there’s really going to be a convoy that will chill the blood in your veins.