Well, isn’t that convenient. Sorry folks, I can’t come out and take questions, I’ve got the Rona again.
Only the second thing that has been positive during his tenure.
In fact, there are several western nations who see the ‘climate change” energy transformation as an economic kamikaze mission… and that reality is upsetting those who control the larger western alliance agenda.
When we outlined the ‘biggest problem‘ we noted: Brazil, Mexico, and more recently Japan, have started pushing back against the climate change ideologues. We must do the same.
So, let’s get everyone up to speed.
Factually, Brazilian President Jair Bolsonaro is not only a nationalist leader for his country, Brazil itself is in an emerging economic relationship within the BRICS group (Brazil, Russia, India, China, South Africa). The BRICS group are not in ideological or geopolitical alignment with the World Economic Forum (WEF) climate change instructions known as Build Back Better. This lack of ideological synergy is one of the reasons we see a joint effort between the U.S. State Dept and U.S. intelligence group to target Jair Bolsonaro for removal. [Watch Bolsonaro w/ Tucker Carlson]
Recently, Mexican President Andres Manuel Lopez-Obrador (AMLO) visited the White House. AMLO is basically soft-socialist, a nationalist who does not like the influence of multinational corporations on the economic politics within Mexico. When he visited with Joe Biden, AMLO’s public comments in the oval office (he actually had them written down so he would not be deterred from his delivery) about the U.S. chasing a short-sighted and dangerous energy policy, were just ignored by media. However, watching AMLO deconstruct the Biden energy policy was very telling. [Review Outline Here].
In addition to so-called geopolitical adversaries like Russia, China and Iran, there are also geopolitical allies who clearly see that fracturing the global economy based on energy development, the center of the Build Back Better agenda, is going to create major issues for the citizens within the countries determined by ideological quest to change their energy system. As noted with Brazil and Mexico, not everyone in the “west” is on board with the program.
Even in Germany and the U.K. we see evidence indicating pragmatic discussion is starting to surface.
There will eventually be an inflection point within the EU as the desires of the ideological leaders run into the reality of the situation. [ex. Dutch farm protests]
The Build Back Better climate agenda is essentially a process to deindustrialize economies, then rebuild them. Will Germany really accept a lower standard of living, just to be equitable in economic malaise? If you know any German people, you know the answer to that is an emphatic NO.
Additionally, southeast Asia (ASEAN group) represents an almost impossible region to shift away from traditional oil, coal, gasoline and food derivatives that need fertilizer and natural gas etc. And everyone knows China is not going to go along with the ‘climate’ nonsense.
Even if Beijing puts a smiley-faced panda mask on the Beijing dragon, they are going to use the climate change suicide mission of the west as a geopolitical advantage toward their own expanded economic influence. Hell, who wouldn’t.
♦ Which brings me to the recent appearance of Japanese pushback, which comes with a typically Japanese subtlety.
Keep in mind that Japanese industry is still the largest investor in U.S. manufacturing and jobs.
Despite Japan signing-on with the western alliance sanctions against Russia, almost assuredly a decision intended to stay in alignment with the G7 politics, recently Japan has refused to join the collective western approach to raise central bank interest rates to facilitate the BBB ‘transition’ (link).
This has caused the Japanese yen to fall rapidly against western currency, specifically against the U.S. dollar. The dollar has gained 25.5% against the Japanese yen (link).
Now, inflation in Japan is still an issue, but it is less an issue than in the EU and North America (Canada/USA with Mexico excluded). Part of that lower inflation dynamic is caused by Japan not driving supply-side inflation as a result of the energy transition.
The decision by the Bank of Japan (BoJ) has created some anxiety within the western alliance group of central bankers. Additionally, Japan is remaining in good standing with Russia for energy resources and continues to purchase all oil and LNG at the lowest rates possible, regardless of origination. Japan is also the top investor and buyer of LNG from Russia’s Sakhalin-2 plant, so they are the most exposed to Moscow’s new demand to pay for energy through a Russian bank.
(Reuters) – SINGAPORE — Russia’s Sakhalin Energy Investment Co has requested its liquefied natural gas (LNG) customers to make payments via a Moscow unit of a European bank and is in talks to change the payment currencies away from U.S. dollars, two sources familiar with the matter said on Friday. (link)
Again, another geopolitical dynamic that breaks Japan away from the collective western suicide mission.
From the perspective of Japan, all of these moves -while not aligning with the demands of the BBB agenda- make perfect sense.
While their currency is suffering from not following the western agenda, they have several upsides. First, exports from Japan to the United States and the EU now become even cheaper. With a higher dollar value, Japanese imports into the United States come at a discount. This will help Japan export goods and retain a strong export economy.
Second, with Japan already a massive investor inside the United States, the dollars that are generated in profit from their operations are delivered back to Japan at a higher value. A higher dollar value, the outcome of their breaking from the western central bank decision to raise rates, does not hurt Japan. They bring back high valued dollars from their decades in investment into North America, and they continue exporting to the U.S. at a discount.
So, the nationalist outlooks of Japan, Brazil and even our Mexican neighbors are reflecting a pragmatic self-interest that so far has withstood the pressures from the western alliance to fall into line. This is how those three countries are positioned to push back against the insufferable BBB agenda.
We can use the example of those western industrialized nations to show that not everyone is in alignment with this globalist multinational finance and corporate takeover.
If we can get more people to see how short-sighted and dangerous the agenda of the World Economic Forum is, we can further expose the real nature of the BBB agenda, to accumulate wealth and control amid a very small conglomerate of WEF corporate and banking interests.
The ‘climate change agenda‘ has always been about a small group of multinational interests having more assembled power, influence and affluence. As they now take their Davos effort onto the world stage, they will encounter resistance and push-back. Not everyone in the western alliance is on board with the objective.
Stay smart, avoid the shiny things, stay focused, and look for ways to throw sand into the machinery.
There are more of us than them.
Argentina’s economy has collapsed. Around 57% of adults in the nation are currently unemployed. The Socialist nation has programs in place to compensate, costing the country around $6 million daily. However, socialism no longer works when you run out of other people’s money. July’s inflation report showed an uptick over 60%.
Harry Lorenzo, chief finance officer of Income Based Research, told The Epoch Times, that the government’s constant spending has exacerbated the problem ten-fold. “The Argentine government has been grappling with a collapsing economy for some time now. The main reason for this is the government’s unsustainable spending, which has been funded in part by generous welfare programs,” Lorenzo stated. This is the same issue we see in the US, Canada, Europe, and elsewhere when governments spend without the intention of ever paying off their debt.
Argentina has defaulted on seven separate occasions since gaining independence in 1816. Speaking more recently, Argentina’s economy was already in ruin in the 1980s when they faced a serious debt crisis, and the currency became worthless. Inflation reached 2,600% in 1989, and the nation experienced hyperinflation into 1990. They decided to peg the Argentine peso against the USD in the late 1990s, which proved disastrous. Never in the history of economics has a peg survived because the economy is not a flat line.
By 2001, the peso was completely devalued. US Treasury bonds and Argentine government bonds rose 5,000 bps – bank runs ensued. There was an immediate freeze on bank deposits that December and the people were left with nothing. The International Monetary Fund simultaneously announced it would no longer support Argentina and cut them off from funding. This is when the nation lost its last tie to any foreign capital. The nation had no choice but to default once again at the end of December.
Various leaders, whoever could stick with the job, promised that the government would provide the people with basic needs. Nearly 60% of the nation was below the poverty line by 2002. By 2010, Argentina restructured 92% of its debt. The nation tried to remove trade restrictions and attract investors – but who would want their debt? The IMF granted Argentina one of the largest bailout packages in history in 2018, which totaled $57 billion. The IMF again agreed to restructure $44 billion for the nation in January of this year.
The problem with social programs is that there is never enough money. Rising inflation has increased the poverty level, and the average person can no longer afford an abundance of basic necessities such as food. The people of Argentina have been on strike for months, many refusing to work. The government promised them social programs in exchange for a cut of their pay. Argentina’s economy minister, Martin Guzmán, resigned at the beginning of the month. The Argentine peso continues to decline against the dollar, pushed down further by recent Fed rate hikes. This is what happens when governments spend recklessly, peg their failing currency, and promise the people security that they cannot provide.
The federal reserve looks carefully at the Personal Consumption Expenditures (PCE) price index when weighting inflation data. The Bureau of Economic Analysis just released the PCE index for June [DATA HERE] and the results show a 6.8% increase in June from a year ago, the largest jump in four decades.
Wage growth in the second quarter (April, May, June) was generally strong, rising 1.6%. However, it now looks like the consumption index and the wage indexes are creating their own inflationary spiral. In addition to supply-side inflation, driven by Joe Biden’s energy costs, the labor costs are now increasing substantially which adds costs on the production side of the economy.
As wages go up to keep pace with supply side inflation, the prices of goods and services produced/handled by those workers also increases. This is the inflation spiral that can get out of hand quickly. The major concern (not necessarily expressed by pundits) is the inability of any institutional economic response to offset the originating inflation caused by the energy policy. The economic team is pretending supply-side inflation created by energy policy doesn’t exist. They are only directing attention to demand side inflation.
As long as energy policy keeps driving the price of electricity, gasoline and petroleum products higher, workers need higher wages. Those wage increases, while significant in scale, still lag the rising originating prices of the goods; and the wage growth adds to the final costs. Inflation then becomes structurally embedded, hyper-inflation begins. This looks like the current situation.
The monetary policy makers (fed reserve) can only impact the demand side of the inflationary cycle. Raising interest rates does reduce demand; however, it also reduces labor at the same time. Monetary policy cannot impact the originating source of inflation that starts this spiral. The core issue is Joe Biden’s Green New Deal energy agenda.
WASHINGTON – […] An inflation gauge closely tracked by the Fed jumped 6.8% in June from a year ago, the government said Friday, the biggest such jump in four decades. Much of the increase was driven by energy and food.
On a month-to-month basis, too, prices surged 1% in June, the biggest such rise since 2005. Even excluding the volatile food and energy categories, prices climbed 0.6% from May to June.
Employees’ wages, excluding government workers, jumped 1.6% in the April-June quarter, matching a record high reached last fall. Higher wages tend to fuel inflation if companies pass their higher labor costs on to their customers, as they often do.
Friday’s figures underscored the persistence of the inflation that is eroding Americans’ purchasing power, dimming their confidence in the economy and threatening Democrats in Congress in the run-up to the November midterm elections.
But more persistent drivers of inflation show little, if any, evidence of slowing. The wage data released Friday — a measure known as the employment cost index — indicated that paychecks were still growing at a robust pace. That’s good for workers, but it could raise concerns at the Fed about its effect on prices. Chair Jerome Powell specifically cited this measure during a news conference Wednesday as a source of concern for the the central bank’s policymakers.
“This is a (report) that’s going to keep Fed officials up at night,” said Omair Sharif, president of Inflation Insights. (read more)
People often wonder why few solutions are presented for the significant challenges we face. Perhaps it is worth reminding everyone what the biggest challenge really is, and it has nothing to do with Joe Biden or our political system abusers.
The biggest problem we face as a nation is our unwillingness to admit our current condition is the result of purposeful action.
Cue example # [you_fill_in_the_ blank], a visual demonstration:
The central banks did not “fail to spot” the source of inflation. The monetary policy makers did not make mistakes. The hands that guide the economic system did not screw it up, make mistakes or fail to recognize the consequences of the policy they put into place.
When they meet together at Davos for collective discussions around opportunities presented by the pandemic, the guidebook known as Build Back Better did not just organically materialize. Nor did all the western governing central bankers all make a mistake when they followed the agreed consensus. They knew from the outset the climate change agenda would be a radical transformation of the global energy system, and as a result, the global economy.
The central banks did not collectively “fail to spot” the inflation they were creating by lowering energy production, disincentivizing energy investment, limiting energy development, shifting policy away from new production, and generally breaking the traditional energy system finances. They knew precisely what they were doing, and they did it -and continue to do it- with forethought and purpose.
This is where people mistakenly view ‘prior justifications‘ as ‘mistakes.’ When they said inflation was transitory, they were not lying about what they created. They were, however, obfuscating the length of the term “transitory.” Inflation is transitory, from where and when it started in 2021, all the way to where and when windmills, solar panels and clean energy will take over on (fill_in_date_). That is the “transition.”
These bankers, bureaucrats and political leaders are not stupid, and factually their intelligence has absolutely nothing to do with the situation.
These governing officials are ideologues, the worst kind of abuser you could ever encounter because they believe they are doing everything for your own good. Their collective truth is all that matters.
You the citizens within the nations they govern, are not smart enough to know what is best for you.
You, the people who take their magnanimous policies for granted, are not thoughtful enough to understand how to save the planet.
You, the person using resources without caring about the planet, are not bright enough to see how your long-term interests are made better by their short-term actions.
These psychological outlooks are inherent traits of ideologues and abusers.
Once you realize your opinion in their plan means nothing, then you can understand why actions contrast against your opinion of that action are difficult to reconcile.
The actions of the ideologues seem hypocritical only because you are projecting a motive toward them, they do not carry. You think they are making mistakes; they are not. You think they made the wrong assumptions in their policies, they did not. You think they are screwing up the economy, they are not; at least not according to the plan they have.
They met, discussed, planned, organized and collectively came to the decision that they would all act in synergy. Each individual taking the actions within his/her sphere of influence that would assist the larger agenda. Each government leader steering his/her internal policy in a direction that befits the larger collective need, regardless of domestic opinion. None of this was done by mistake.
The western central bankers all show up to the same conferences, symposiums and discussions; and they all follow the exact same approach. Yet somehow, we reconcile their collective and intentional outcomes as if they are making mistakes that they will soon correct. Then we sit puzzling over our puzzlers wondering why the correction is not happening.
The biggest problem we face is our inability to accept what is done, and instead we project justifications that are nonexistent. We are suffering from battered citizen syndrome.
We reconcile our economic collapse by saying they are getting the policies wrong. No.
Just stop.
They are executing the policies exactly as they were planned from the outset. Your financial abuse is a feature, not a flaw, of your abusers’ behavior. The policies are working exactly as intended.
The Central Banks did not “fail to spot” anything. They knew what was causing inflation (energy policy) and they needed to ignore it (still do). They pretend higher costs are now some weird demand-side construct, despite no one buying much, in order to support the global Build Back Better climate change policy objective that will save future generations of mankind. The operational timeline is decades, not weeks or months.
The word “transitory” was used purposefully, in order to hide and obfuscate their prior knowledge. The bankers knew when they said it, that a transition was exactly what the BBB program called for, which was to delay any monetary rate increase as long as possible allowing energy policy inflation to structurally embed.
Once the bankers, ideologues, globalist WEF guides and bureaucrats, got the fully supported climate change energy program (BBB) to take hold globally as an economic control mechanism (no new production), then -and only then- did they modify their policy to support the second phase.
Phase-2 is to reduce global economic activity to match the 2021 deficit in energy production. That phase began in March 2022:
We are in phase 2 now. The U.S. Federal Reserve and the various central banks now raising interest rates to lower all western economic activity.
The goal in phase-2 is to lower energy demand to offset the massive increases in price, due to *nonproduction* of the energy in phase-1.
Put simply, bring energy use down by raising rates and lowering the economic activity.
This “managing the transition” is being done purposefully and collectively. This is exactly what the Build Back Better agenda called for. They did not get anything wrong. They did not make mistakes. Our current economic state, and/or the pain you feel, is the exact outcome of the plan they followed.
Now, I fully understand why the Wall Street financial pundits and global news corporations do not outline this reality. After all, this type of elitist behavior is exactly what revolutions are born from. However, it is very frustrating that smart people on the pragmatic and practical side cannot see or accept the political roadmap for what it is.
This is being done on purpose. They are not making mistakes.
I don’t care what you want to call it: Build Back Better, Green New Deal, The Great Reset, whatever. I simply don’t care about the labels. But the truth of a coordinated approach to manage the western economies into useful decline must be admitted *BEFORE* we can expect to change things.
As long as our codependency facilitates our abuse…. As long as denial of intent is a comforting mechanism, allowing us to avoid confronting the abuse we are suffering…. No corrective action is possible.
It starts by changing our thinking.
Brazil, Mexico, and more recently Japan, have started pushing back against the climate change ideologues. We must do the same.
Act, or be acted upon.
With mail-in ballots becoming a feature of all future elections, the United States government, specifically the United States Postal Service (USPS) is now creating a permanent division inside USPS to control the delivery and return of the election ballots. Do you know the political affiliation of your mail courier?
As often said, it’s not the vote that matters, it’s the counting…. or in this instance, the collection of the votes that really matters. Democrat lawyer Mark Elias, in charge of protecting all fraudulent voting initiatives on behalf of the Democrat National Committee, is happy with the news.
Keep in mind the union representing 300,000 U.S. postal workers previously endorsed Democrat Joe Biden for president. The National Association of Letter Carriers, is a fully compromised left-wing division of the USPS.
The USPS has just created a division of NALC employees exclusively to handle mail-in voting, just in time for the mid-term election.
WASHINGTON (AP) — The United States Postal Service is creating a division to handle election mail issues as part of an effort to ensure swift and secure delivery of ballots for the 2022 midterm election, officials said Wednesday.
The idea behind the creation of the Election and Government Mail Services is to have a permanent division dedicated to dealing with election matters, instead of handling issues one at a time as in the past.
Adrienne Marshall, executive director of the division, said Wednesday that the services will oversee “election mail strike teams” in every local and district community to address any problems that might arise. “We are fully committed to the secure and timely delivery of the nation’s election mail,” she said. (read more)
“Swift and secure delivery”?
Tucker Carlson used his monologue tonight to outline how intentional Joe Biden economic policies are destroying the lifestyle of the average American citizen. As Carlson notes none of this is accidental, all of these policies are being done with intent. Yet almost the entire media system and financial class, are denying the resulting outcomes.
The administration and media are not redefining a recession, they are denying one exists in order to make all of the policies permanent. WATCH:
The distance between Wall Street and Main Street has never been as brutally obvious as it is today. It is simply stunning to watch the cheerleading and casual nature of the economic and financial pundits as they speak esoterically about how policies intended to reduce the U.S. economy are so wonderful.
Seriously, the disconnect in life impact has never been as stark. At least in previous times of economic contraction there was a smidgen of appreciation for the pain that unemployment and rising costs bring to the blue collar and middle-income working class. In this new era, the financial stress and visible outcomes of destroyed families are simply shrugged aside as if these are abstract consequences.
In this segment former Federal Reserve vice-chair Randal Quarles, notes with a casual flippance how the economic policies of the Biden administration are simply doing what needs to be done in order to intentionally reduce the U.S. economy. Sure, massive unemployment, in direct correlation to the scale of the inflation that precedes it, is almost certain, but hey…. the economy must be collapsed if the Build Back Better, Green New Deal, agenda is to be fully implemented. WATCH:
Maybe this flippancy seems starker because those who consider themselves outside the collateral damage impact zone were not visible in prior generations. Perhaps it is because modern technology and the information era allows us to see conversations that were previously only described in print newspapers and journals. Whatever it is, the shameless disconnect between the unaffected rulers and the proles who have to live with the consequences are far more visible today than before.
Smiling while describing a future where working men are emasculated by their inability to support their families. Smiling and shrugging while explaining a landscape where moms are worried about how to feed their children, as the checkbook in the household creates a type of stress these ‘betters’ have likely never experienced, is almost psychotic in its detachment.
Desperation is not a good situation for any society.
Worse yet, laughing in the face of desperation leads to the type of outcomes that eventually hits the ‘betters.’
Click here to listen to Martin Armstrong’s latest interview.
By Kerry Lutz:
“We’re seeing oil price shocks, commodity booms and busts, and various factors that are threatening to de-throne the US dollar. Why is this happening, and what does this mean for the global economy? I have Martin Armstrong on the show to discuss this, and he explains the various changes that have occurred—such as sanctions in Russia and countries opting to not borrow in dollars—that put the dollar at risk. Not only is the dollar in danger in these conditions—this shift in currency use greatly affects the world economy. Tune in for more information.”
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
De Oppresso Liber
A group of Americans united by our commitment to Freedom, Constitutional Governance, and Civic Duty.
Share the truth at whatever cost.
De Oppresso Liber
Uncensored updates on world events, economics, the environment and medicine
De Oppresso Liber
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Australia's Front Line | Since 2011
See what War is like and how it affects our Warriors
Nwo News, End Time, Deep State, World News, No Fake News
De Oppresso Liber
Politics | Talk | Opinion - Contact Info: stellasplace@wowway.com
Exposition and Encouragement
The Physician Wellness Movement and Illegitimate Authority: The Need for Revolt and Reconstruction
Real Estate Lending
Centinel2012 