The Burning Platform

Direct from BOOM Finance and Economics at the links below

PROTECT & SURVIVE

THIS WEEK’S EDITORIAL

FED RAISES RATES AGAINST BOOM’S RECOMMENDATION Concerning the US Federal Reserve, BOOM wrote on July 16^th, “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.”

However, Jerome Powell did not take the advice. The US Federal Reserve unnecessarily raised their key interest rate last week by 0.25% and so did the European Central Bank (ECB). They both continued to slam on the brakes while the car is sliding backwards towards a cliff. This is risking recession in the current circumstances. Prudence would have been a better course of action.

In both the US and in Europe, PMI (Purchasing Manager Indices) are now falling fast, suggesting a significant slowdown in CPI price pressures may be next. And demand for bank loans is also falling fast in Europe as per the ECB’s latest Bank Lending Survey while loans to the private sector in the US have been falling every month this year. This sharp drop in demand for money is ominous.

Continue reading “Fed Ignores BOOM’s Advice – Germany Stagnates – China Economy Stalled – Chinese CBDC Unpopular – Blinken, Yellen, Kissinger Go Begging – Paraguay: Failed Australian Utopia – [07-30-2023]”

When we lost our government to the wokies, what did we lose? We have lost our dreams and remembrances of past glories and ideals.  The wokey illusion of being illustrious guides showing the way to a better life to allegedly primitive societies has finally struck us at home. The “primitives” resent the concept  that they are inferior and we are hated for it as we should be.

Continue reading “Virtuous Babbling is the Self Esteem of Inadequate Men”

Banging one’s head against the wall is not a wise strategy.

Guest post by Robert Gore at Straight Line Logic

Russia and China head an alliance that poses the first direct challenge to the American empire since its inception at the end of World War II. Their strategy has been to follow Napoleon’s advice—not interrupting the U.S. government while it makes mistake after mistake—and to pursue the opposite of its hapless policies. Their power waxes; American power wanes.

August 29, 1949, the day the Soviets detonated their first atomic weapon, was the beginning of the end of the American empire. The U.S. government’s unrivaled power lasted four years and 23 days, from when it dropped an atomic bomb on Hiroshima. The Soviet bomb gave the world a counterweight to an American nuclear monopoly.

Continue reading “The Alliance”