The Economic Doom Loop Has Begun

https://amgreatness.com/2022/05/23/the-economic-doom-loop-has-begun/

By May 23, 2022

High inflation, over regulation, and a general sense that things are going in the wrong direction remind us of the late 1970s and early ’80s. But today the underlying problems that were responsible for our woes in that time are vastly worse. The coming reckoning for Washington’s insanely irresponsible monetary policy may dwarf the troubles from all recent recessions and periods of inflation.

The Federal Reserve has created a doom loop between the housing market and inflation. For years it has printed tens of billions of dollars each month to buy sketchy securities meant to subsidize the housing market and favor bond traders. This continues even now, in spite of inflation and a red-hot housing market. But the housing market has become dependent on unearned, newly printed money, and stopping the flow might cause a catastrophic correction. If it doesn’t stop, however, inflation will explode.

Let me walk you through some of the math.

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The Secret American Plan to Make Russia Great Again

Guest Post by Dmitry Orlov

Editorial Cartoon: Make Russia Great Again - Los Angeles Sentinel | Los  Angeles Sentinel | Black News

It is generally a good idea to avoid ascribing nefarious intent to actions explained by mere stupidity. But this is a case where mere stupidity cannot possibly explain the long, steady procession of foreign policy errors spanning three decades, all of them specifically aimed at strengthening Russia. It is not possible to argue that a surplus of hubris, ignorance, greed and political opportunism and a deficit of competent foreign policy analysts can produce such a result, for that would be essentially the same as arguing that some monkeys armed with drills, mills and lathes can produce a Swiss watch. But the only alternative would be to claim that there is a network of Kremlin’s agents ensconced deep within the bowels of the American Deep State and that they are all working in concert to advance Russia’s interests while meticulously maintaining plausible deniability all the while and at all levels of the operation.

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“U.S. traffic deaths soar to highest total in 16 years” (but don’t expect the government, or media, to tell us WHY)

Guest Post by Mark Crispin Miller

Deaths on U.S. roads soared to 16-year high in 2021 - The Washington Post

Drivers worldwide have been “suffering medical episodes” that turn them, and their vehicles, into deadly weapons

“2019 U.S. Traffic Deaths Lowest Since 2014, but 2020 Numbers Aren’t Looking Good,” reported Car & Driver on October 1, 2020. “In the COVID-19 era, fatal accident percentages are up this year despite the smaller number of vehicles on the road, NHTSA’s latest data shows.”

Back then I sent that piece out to my list-serve, with this prefatory bit:

Here’s a typically myopic article in Car and Driver—typical not of Car and Driver, but of the West’s entire “news” juggernaut—about the rise in US traffic deaths this year. Note the “reasons” given by the NHTSA, according to the magazine:

“NHTSA said the reasons include more risky behavior, like an increase in speeding and a lower rate of seatbelt use, as well as a higher likelihood of drugs or alcohol being involved.”

Well, yeah; but why would folks be driving more recklessly, and likelier to drink and/or get high? Could, say, the lockdowns, and the crash of the economy, have anything to do with it?

And—the dog that isn’t barking here—what about the face masks worn, insanely,  by so many drivers? You’ve got a lot of people driving masked, including many old people; so why assume it couldn’t possibly have anything to do with this grim trend? People ran a piece last summer on a masked driver in New Jersey who passed out at the wheel, and drove into a tree. It was a “human interest” story in People, and that’s all. It should have sparked some journalistic interest in the likelihood that masking at the wheel has had disastrous consequences; but that’s unlikely with the sort of “journalism” practiced in the USA, and not just here. 

The NJ police department finding that the driver had been masked, and lost  consciousness because of it, was pressured into issuing a statement that they were not qualified to say so, that he could have passed out for all sorts of reasons. That tells you how repressive this mask propaganda is; and how our “journalists”have been so addled by it that they can’t even imagine that this rise in traffic deaths could be related to the psychopathic measures used to “keep us safe.”

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The Pandemic’s Wrongest Man, an occasional series

Guest Post by Alex Berenson

From the Department of Are You Fucking Kidding Me*

CNN just ran a piece explaining that “scientists are urgently trying to solve” the question of whether the endless waves of Covid we now have “may be a result of the mRNA technology used to build some Covid-19 vaccines.”

Not making this up:

SOURCE

Oh? You don’t say? Now “scientists” are “urgently trying” to figure out if the “mRNA technology” is the problem and not the solution?

Now?

NOW?

Maybe they can urgently try to build a time machine too, or an unvaccine machine.

Continue reading “The Pandemic’s Wrongest Man, an occasional series”

An Unprovoked Biden Threatens War with China

Guest Post by Martin Armstrong

For the third time, President Joe Biden has attempted to drag the United States into a war. Biden first made remarks about the Middle East and then claimed Putin needed to be removed from power. The White House brushed off those remarks, but this time he has angered America’s top trading partner. Biden, speaking for the entirety of the US, said that WE would defend Taiwan against military invasion.

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Bill Gates Lays Out Plan for Global Takeover

Via Mercola

Story at-a-glance

  • The World Health Organization is attempting to seize control over global pandemic monitoring and response and, ultimately, all health care decisions
  • Bill Gates intends to play a key part in this takeover. He’s building a pandemic response team for the WHO, dubbed the “Global Epidemic Response & Mobilization” or GERM Team, which will have the authority to monitor nations and make pandemic response decisions, such as when to suspend civil liberties to prevent spread of an illness
  • The globalist cabal plans to seize control through biosecurity governance, and they’re attempting to do this using two different avenues. If we fail to fight off both attacks, we’ll end up under totalitarian governance
  • The first attack comes in the form of amendments to the International Health Regulations (IHR), which are currently being voted on by the World Health Assembly. These amendments will strip member nations of their sovereignty and give the WHO unprecedented power to restrict your medical freedoms and civil liberties in the name of biosecurity. Get involved and urge your nation’s leaders to reject the amendments if passed. Unless rejected, they will become binding law in November 2022
  • The second attack comes through a new international pandemic treaty with the WHO. They intend to eliminate individualized medicine and provide blanket rulings for how a given threat is to be addressed, and this can only result in needless suffering — not to mention the loss of individual freedom

In “The Corbett Report” above,1 independent journalist James Corbett reviews the contents of Bill Gates’ book, “How to Prevent the Next Pandemic.”

“It’s every bit as infuriating, nauseating, ridiculous, laughable and risible as you would expect,” he says. “This is a ridiculous book … There’s certainly nothing of medical or scientific value in here … It’s a baffling book even from a propagandistic perspective …

Gates’ goal in writing the book is to disarm the public and prepare us to accept the agenda that Gates and his allies would like to impose on the world. Ultimately, what this is about is drumming up general public support — or at least general public understanding — of the unfolding biosecurity agenda.”

Another reviewer of Gates’ book, economist Jeffrey Tucker, offered similarly negative feedback:2

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The NHS just edited their Monkeypox page…to make it scarier

Via Off Guardian

A few days ago the UK’s National Health Service (NHS) edited their Monkeypox page to alter the narrative in a few key ways.

Firstly, they removed a paragraph from the “How do you get Monkeypox?” section.

Up until a few days ago, according to archived links, the Monkeypox page said this, regarding person-to-person tranmission [emphasis added]:

It’s very uncommon to get monkeypox from a person with the infection because it does not spread easily between people.

…this has now been totally removed.

Continue reading “The NHS just edited their Monkeypox page…to make it scarier”

Davos reveals building blocks for “green” social credit system

Guest Post by Kit Knightly

This morning, on one of the WEF’s live-streamed panels, Alibaba Holdings President J. Michael Evans claimed that the company is working on an app that could track an individual users carbon footprint.

The former-Goldman Sachs vice-chairman told the audience of the “Strategic Outlook: Responsible Consumption” panel:

We’re developing, through technology, an ability for consumers to measure their own carbon footprint. What does that mean? That’s where are they travelling, how are they travelling, what are they eating, what are they consuming on our platform. So: An individual carbon footprint tracker.”

Now, to clarify, Evans was only talking about Alibaba’s platform…but that’s a big platform.

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Racial Discrimination Against White Americans Has Been Institutionalized

Guest Post by Paul Craig Roberts

The 1896 Supreme Court Plessy decision, which gave us “separate but equal” is widely considered today to be incorrect. Legal scholars maintain that the private railroad company violated the Constitution by separating people in railway cars on the basis of race. Justice John Marshall Harlan’s dissent–“Our Constitution is color-blind, and neither knows nor tolerates classes among citizens”–is almost universally considered correct.

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THIS DAY IN HISTORY – George Floyd is killed by a police officer, igniting historic protests – 2020

via History.com

George Floyd Death: Experts Say Police Officers Should Be Banned From Crushing People's Necks

George Floyd: What happened in the final moments of his life - BBC News

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Are They Really Out to Get Me?

Via International Man

Libertarians and others who seek to be left alone to run their own lives habitually ask themselves the above question regarding their government.

So, what’s the answer? Are they out to get you? Well, unfortunately, the answer isn’t a simple “yes” or “no.” In fact, it’s “yes” and “no.”

The secret to understanding a government’s intentions is that there’s no unified overall objective, sentiment, or approach to dealing with the private sector. Quite the opposite. With any government, it couldn’t be more fragmented or dysfunctional.

At the very lowest level of any government is the civil service, which is, in any country, a catch-all for all those people who are so lacking in ability and imagination that they’d be unlikely to hold down a job in the private sector. Moreover, their level of motivation is likely to be so low that their dysfunction tends to coincide with extreme inefficiency.

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This Conventional Wisdom Is Toxic Today – Here’s Why

Via Birch Gold Group

This Conventional Wisdom Is Toxic Today - Here's Why

From Peter Reagan

When the stock market is tanking (like it is now), the “traditional” advice is to move some of your savings into bonds (like Series I savings bonds, for example).

That’s because bonds are generally considered a conservative investment vehicle. Corporate bond-holders get paid before shareholders, and even in the worst-case scenario of a bankruptcy, bond owners are likely to recoup some of their investment, while shareholders are usually wiped out. Government bonds, well, they’re backed by the “full faith and credit” of an entire nation! Government defaults on bond payments are so unusual they immediately become front-page news worldwide. In his masterwork The Intelligent Investor, Benjamin Graham famously recommended the following allocation to savers:

The proportion held in bonds be never less than 25% or more than 75%…

Well, if you followed Graham’s advice, right now you might not be feeling very good about it…

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“Civilization May Not Survive” – George Soros Tells Davos Crowd, Defeat Putin (And Xi) Or Else

Via ZeroHedge

In his first appearance in person at Davos since Slamming Trump as a “conman, narcissist” and claiming Mark Zuckerberg was conspiring to get him re-elected in March 2020 (and warned that “the overheated US economy can’t be kept boiling for too long”), billionaire George Soros unveiled his traditionally anticipated annual address, taking aim squarely at China (nothing new there) but adding Russia to his hit list.

The 90-year-old puppet-master is certainly not getting any younger (looking older than 98-year-old Henry Kissinger who made headlines earlier in the day), warned that Russia’s invasion of Ukraine has rattled Europe and could be the start of another world war.

“Other issues that concern all of humanity — fighting pandemics and climate change, avoiding nuclear war, maintaining global institutions — have had to take a back seat to that struggle,” Soros said,

“That’s why I say our civilization may not survive.”

Continue reading ““Civilization May Not Survive” – George Soros Tells Davos Crowd, Defeat Putin (And Xi) Or Else”