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THIS WEEK’S EDITORIAL
US INFLATION DROPS AS PER BOOM FORECAST – INTEREST RATES AT PEAK. BOOM forecast the Peak of CPI inflation in the US in October 2022 and the bottom of the stock market. That is proving to be a telling prediction. In last week’s editorial, BOOM highlighted the collapses in change in PPI numbers in the US, UK, China, India and the Euro Area. BOOM wrote, ”Producer Price Inflation is not Consumer Price Inflation. However, if it falls very quickly, it can be a leading indicator for CPI inflation because it indicates a rapid decline in consumer demand. In other words, the wallets are slamming shut.”
The latest CPI inflation numbers for the United States were released for June last Wednesday. Annual Core CPI came in at 4.8%. The Peak occurred in September last year at 6.6%. Since then, the Core has been falling. The Annual inflation rate fell to 2.97%. It has been falling since mid-2022. The Change in PPI Inflation fell to 0.1%. Food inflation fell to 5.7% year-on-year.
BOOM cannot see any reason for further interest rate increases from the Federal Reserve. And companies must soon start to actively lower prices to ensure that their sales and revenues don’t start collapsing.
US CANNOT BREAK TRADE TIES WITH CHINA – Meanwhile, we saw some common sense (finally) come from the US government with US Treasury Secretary, Janet Yellen, saying that the US and China need each other to ensure continued economic prosperity and stability for the global economy. Yellen was on a four day trip to China which she said was aimed at ensuring a “stable and constructive relationship” between the two countries.
“We seek to diversify, not to decouple,” Yellen explained. “A decoupling of the world’s two largest economies would be destabilizing for the global economy, and it would be virtually impossible to undertake.”
Now, can we please send Janet to Ukraine to settle matters there? Mutual benefit and cooperation is not so bad after all.
WAS NORD STREAM PIPELINE DESTROYED BY MINI NUCLEAR DEVICES? The North Atlantic Treaty Organisation, (NATO), has now become a Buyers Club for US made weapons. That is what the war in Ukraine appears to be all about. It is not about “freedom and democracy”. It is not about any real Russian expansionist threat beyond Eastern Ukraine because such expansion plans (probably) do not exist. The US has used it to create a Fear Campaign in Western Europe to insist that NATO nations increase their military spending to at least 2% of GDP (and beyond). And that spending must be settled with US Dollars (of course) for the purchase of US made weapons. So the war in Ukraine, arguably triggered by US and NATO military expansion into Ukraine since 2014, has been a strategic move to ensure continued dominance of the US military presence in Germany, US weapons trade and the US Dollar. The unknowing Jens Stoltenberg has done a stellar job if that was the plan all along. Game over, objective achieved, with Finland and Sweden added to ‘The Club’ as an extra bonus. Is this the effective end of the war?
However, there is one little problem. The eminent US investigative journalist, Seymour Hersh, in his article “How America Took Out the Nordstream Pipeline” outlined his research on the US involvement in destroying the Nordstream Pipeline. And during the week, BOOM saw a video presentation from an eminent physicist that outlined his view that mini nuclear weapons were used to destroy the Nordstream pipeline.
If this is true, then Joe Biden has a lot of explaining to do and there will be long term repercussions. BOOM can make a firm forecast here. The compliant Western mainstream media will attempt to block any knowledge of it or will launch a strong denial, labelling it as “conspiracy theory”. But Russia will know what happened and will be able to use this as a diplomatic weapon in all negotiations for a very long time indeed. Sweden and Finland will also know because their military defence systems would have detected the explosion characteristics. Ditto Germany.
SPAIN, UK AND GERMANY OPPOSE USE OF CLUSTER BOMBS IMMEDIATELY: Joe Biden appears to have made another critical error of judgement on the provision of cluster bombs to Ukraine. Spain, the UK and Germany registered their opposition to their use immediately. The United Nations Secretary General, Antonio Guterres, and Canada soon joined them in denouncing Biden’s decision. And so did numerous Democrats in Joe Biden’s party plus various influential Human Rights groups. Others will follow. Amnesty International said that the Biden administration should understand that “any decision enabling the broader use of cluster bombs in this war will likely lead to one predictable outcome: the further death of civilians.” It added, “Their (cluster munitions) transfer and use by any country under any circumstances is incompatible with international law.”
“This is a death sentence to civilians over the long term. There are people who have not yet been born who will fall victim (to cluster bombs),” said Baptiste Chapuis of Handicap International.
Cluster bombs are seen as morally repugnant. If the US backs down on the provision of cluster bombs, it will be seen as unforgivable from Ukraine. If they don’t, it will be seen as unforgivable by America’s allies and Human Rights movement. Checkmate, Another Joe disaster.
Joe (or his advisers) forgot that the UK, along with most NATO countries, is party to the Convention on Cluster Munitions, an international treaty that bans their use. He also forgot to NOT say “Ukraine has run out of ammunition”.
US GOVERNMENT IN CRISIS – BOOM expects the cluster bombs, quite rightly, to never arrive in Ukraine. This whole fiasco will have to be swept under the carpet. However, the US President (and the whole Executive Branch) has now arguably made three very poor decisions in quick succession involving China (he is a “Dictator”), the Ukraine (approval of cluster bombs) and NATO (the Nordstream pipeline). The long term Geopolitical ramifications will be very significant.
This follows the economically destructive Covid 19 Fear campaign which appears to have been globally coordinated over the last 3 years. The key role of the US Department of Defense and the US Health and Human Services Department in that fiasco is yet to be fully determined, including the question of who was really in control of the destructive policies that were launched to combat a virus that now appears to have been no more dangerous than a bad bout of Influenza. Also, the origins of the Covid virus appear to be strongly linked to the Fauci directed US NIAID, the National Institute of Allergy and Infectious Diseases, via its close, long term links to the Wuhan Institute of Virology. And the possible long term damage from the experimental, unproven Covid mRNA injectables is yet to be determined. 5 Billion people are now awaiting that information.
A dark cloud appears to be forming over all of these branches of the US government, including the Department of State. The cloud appears to be one of foreign interference from unelected, selected officials in Non- Governmental Organisations (NGO) based (principally) in New York, Washington DC, Geneva and Davos. Those organisations include the United Nations UN, the World Health Organisation WHO, and the World Economic Forum WEF.
However, the US Government is not alone in this matter. Have the governments of all Western advanced economies fallen under the dystopic influence of such foreign, non-democratic organisations? The evidence certainly seems to stack up. And is it high time to reveal the plot, if there is one?
WEF ASSOCIATED LEADERS ARE LEAVING OR BEING MOVED ON – The leaders of many Western advanced economy nations have now been moved on, leaving behind a terrible mess. Jacinda Ardern (New Zealand), Angela Merkel (Germany), Theresa May, Boris Johnson, Liz Truss (UK), Mark Rutte (Netherlands), Scott Morrison (Australia) are all gone, deposed. We now wait to see the future of Rishi Sunak (UK), Olaf Scholz (Germany), Emmanuel Macron (France), Joe Biden USA), Anthony Albanese (Australia), Jens Stoltenberg (NATO) and Ursula Von Der Leyen (European Commission).
Stoltenberg hoped to leave his position as Secretary General of NATO after 9 long years of war-mongering in the Ukraine. He was looking forward to becoming the head of the Norwegian Central Bank, a role that had been promised to him – selected, not elected. However, after making such a horrible mess in Ukraine, he simply cannot be replaced because nobody can be found who will take over his job at NATO.
Last week, in The Netherlands, the Prime Minister Mark Rutte effectively resigned when his coalition government collapsed, supposedly in a disagreement over migration policies. However, the farmers of the Netherlands and their determined protests may have had something to do with that. There appeared little choice but to call elections and let the citizens of the Nation decide the future government.
The Farmer-Citizen Movement (BBB) is a new political party formed in 2019. It became the biggest party in the upper house of parliament (Senate) after a shock election win in March, earlier this year. The BBB has said they will not serve in any future government led by Mr Rutte.
There are 15 political parties represented in the Senate. The BBB holds 16 seats. The GroenLinks-PvdA (GreenLeft-Labour Party) holds 14 seats and the VVD (People’s Party for Freedom and Democracy, holds 10 seats. The remaining 35 seats are held by the remaining 12 parties. Members of the Senate are part-time politicians while members of the House of Representatives are full time.
The BBB holds only one seat in the House of Representatives – one of 150. That is about to change. In the coming election, it is expected that the BBB will win more seats. The question is, how many? BOOM expects it to win many seats as the people have their say in the future direction of their nation. Europe will see more WEF associated politicians swept from power.
In Canada, last Thursday, the leader of the Conservatives, Pierre Poilievre concluded his address at a rally by speaking of freedom for the people of Canada. Freedom from what? His list of priorities included banning the Bank of Canada from creating a CBDC (Central Bank Digital Currency), putting an end to COVID mandates, allowing university professors to speak their mind freely, no mandatory digital ID for citizens and, most importantly, banning his ministers from any involvement in the World Economic Forum (WEF).
This is the first time BOOM has seen such a promise concerning the WEF from a major politician leading a major political party. It may prove historic if Poilievre wins enough seats in the next Canadian election to take control of government over Justin Trudeau, the pin-up boy of the WEF.
The demise of influence by the Davos Globalists at the WEF and the unelected bureaucrats at the UN and the WHO could turn out to be the biggest story of 2023. Or will it be the demise of Joe Biden? [PHOTO]
QB Explained: https://boomfinanceandeconomics.wordpress.com/2019/12/15/boom-as-at-15th-december-2019/ AND BOOM’s Perfect Economy: https://boomfinanceandeconomics.wordpress.com/2020/01/18/boom-as-at-19th-january-2020/
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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BANKS DON’T TAKE DEPOSITS, THEY BORROW YOUR MONEY: LOANS CREATE DEPOSITS — that is how almost all new money is created in the economy (by commercial banks making loans). https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy Watch this short 15 minutes video and learn as Professor Richard Werner brilliantly explains how global banking systems really work.
AND Watch for 4 minutes, this Bank of England explanation: Money is essential to the workings of a modern economy, but its nature has varied substantially over time. This video describes what money is today.
Most economists are unaware of this and even ignore the banking & finance sectors in their econometric models.
On 25th April 2017, the central bank of Germany, the Bundesbank, released a statement on this matter — “In terms of volume, the majority of the money supply is made up of book money, which is created through transactions between banks and domestic customers. Sight deposits are an example of book money: sight deposits are created when a bank settles transactions with a customer, ie it grants a credit, say, or purchases an asset and credits the corresponding amount to the customer’s bank account in return. This means that banks can create book money just by making an accounting entry: according to the Bundesbank’s economists, “this refutes a popular misconception that banks act simply as intermediaries at the time of lending – i.e. that banks can only grant credit using funds placed with them previously as deposits by other customers”. By the same token, excess central bank reserves are not a necessary precondition for a bank to grant credit (and thus create money).” Reference: https://www.bundesbank.de/en/tasks/topics/how-money-is-created-667392
The Reserve Bank of Australia (Australia’s central bank) has also contributed to the issue in a speech by Christopher Kent, the Assistant Governor on September 19th 2018…“the vast bulk of broad money consists of bank deposits” “Money can be created…when financial intermediaries make loans“ – “In the first instance, the process of money creation requires a willing borrower.” “It’s also worth emphasizing that the process of money creation is not the result of the actions of any single bank – rather, the banking system as a whole acts to create money.”
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Excellent – but there are so many more!
https://www.infoplease.com/history/us/major-military-operations-since-world-war-ii
9 dollar mayo,7 for a gallon of cat milk, 30 dollar blade for mower that was 20 last year. You know Peter if you repeat a lie long enough, you get the picture.
Yes indeed SS, the bigger the lie the easier it is convince the ignorant masses. If 5 billion are stupid enough to take 3+ shots of the Death Vaxx (and some people here are on their 6th+) – there’s no fixing stupid! I can almost forgive those who took one shot and then learned the lesson.
I wrote this the other week: “To admit our errors and mistakes is the first step in healing; it’s Step 1 in the 12-step programme. We all make mistakes and poor decisions, and become remiss in our understanding of events and other people with whom we interrelate.”
https://codauk.org/new-to-coda/
As someone said: “Doing the same thing time and again and expecting a different result is a sign of madness”
I can’t help but think that the MIC of every country around the world causes so many problems and wastes so much money and takes many lives. Nobody talks much about this. maybe in limited spurts on places like the TBP. I also think a serious investigation into Israel and the influence of Jews around the world would either dispel this thinking that I keep reading or set the record straight about the truth on this matter.
I was taught about the evil Russians when I was in the military and I’ve tired of them being used as a boogeyman. The Russians should be a trade partner. The fact that the MIC plays such a role in our economy that many feel we can’t live without this money-draining criminal organization troubles me. While I am not a really religious person, this evil group that lives off causing misery and death appears very satanic to me, along with most of the members of most governments. Just picture Jesus looking at Ukraine. Sorry, I wrote this before my morning coffee, hope I made some sense.
It makes eminent sense my friend. I am writing about corruption of our governments this Saturday, but not by the MIC (although they’re involved) but by the Banksters, ruled by the BIS, at whose door we can leave all our troubles.
The Beruit ‘fertiliser mishap’ is a more likely candidate for the use of a low yield nuclear device. The Nordstream ‘explosion’ lacks any independent verification that any explosion actually occurred, we just have to trust the word of NATO intelligence agencies, who have been heavily involved in propaganda for the duration of the Ukrainian conflict.
All good except there was an explosion and FJB did it.
I gave the evidence for the Brits having done it rhs jr,
https://www.truth11.com/untitled-628/?ref=Truth11.com-newsletter
I heard about her in the clear message to our State Dept, but probably Seymour Hurst’s report is full of facts too. The BRICS plus will get their revenge economically pretty soon, since the ZOG is also working on the inside to cripple America (their Reset); and German People too will get revenge even if it’s just enjoying watching the BRICS plus cripple the traitorous ZOG. I bet a lot of Americans will be glad when someone finally weakens & frees US from the ZOG; and I bet there will finally be able to be a backlash at the ZOG and their Minions like never before seen in America.
I certainly hope so, rhs jr, but Kit Knightly has another take on all this unreal PsyOp – he says the Globalists are coordinated across the globe, all working to a common agenda: worth a short read,
low yield nuclear device = Conventional explosive with radioactive isotopes added for freshness.
eminent physicist that outlined his view that mini nuclear weapons were used to destroy the Nordstream pipeline.
The correct terms are: “Little” or “Dwarve” Nukes.
The common terminology is light or low yield tactical weapon, the ‘Davey Crocket’ is an example of such a weapon.
Didn’t down vote you, maybe Peter Dinklage is a TBP reader..
[In Mick Jaegers voice]
“I heard the royal navy caught the buggers whut blew up the pipeline. They used a surfboard…bomb!”
I love cartoons, thanks, S! I can use this in one of my Letters. 🙂
Glad to see some more European countries are voting the NWO out; that’s better than having to physically throw them out like it’s coming to in some countries. PS: the dollar, the Economy, inflation, etc, are down a little but I think it is a NWO planned Crash coming this time later this year, the Big One to break all previous records so the Rothschild Bank can Implement it’s programmed CBDCs (ref Rev 13:17). Every country needs to ban them and assure cash remains available to all citizens.
I am writing about this on Saturday – Big Shocks in UK this week – The Cat’s-out-of-the-Bag rhs jr. There’s going to hell to pay for the Banksters now – it’s all over GB News and the MSM here. https://www.gbnews.com/news/uk/
AND Here: https://www.gbnews.com/news/nigel-farage-coutts-report-screenshots-bank-claim
My wallet and CU account beg to differ on the inflation falling.
But hey, if the CPI says so then it must be so.
At least ammo prices have stabilized and dropped.
ZFG, out.
The price of everything you own will fall and the price of everything you need will rise. PS: I doubt the sins of any American past government can hold a candle to this one: UNazi War, CV-19 Genocide, Chem-Spraying, Nord Stream Sabotage, killing the US dollar and implementation of Rothschild’s FedCoin (Rev 13:17), Stolen Elections, J6 Political Prisoners, Pedophilia, Open Borders, Illegal Drugs, Government & MSM Lies, budget deficits, Graft, Kakistocracy par excellence, turned to whole World against US.
You never miss a beat my friend 🙂
Always look at core inflation ZFG – not CPI headlines.