Click here or on the video above to view my most recent interview with the Financial Repression Authority. Our friends at MoneyTalks created a nice overview of the interview that you may read here.
We have been closely monitoring the signs of a global cleaving around the energy sector taking place. Essentially, western governments’ following the “Build Back Better” climate change agenda which stops using coal, oil and gas to power their economic engine, while the rest of the growing economic world continues using the more efficient and traditional forms of energy to power their economies.
Within the BBB western group (identified on map in yellow), the logical consequences are increased living costs for those who live in the BBB zone, and increased prices for goods manufactured in the BBB zone. In the zone where traditional low-cost energy resources continue to be developed (grey on map), we would expect to see a lower cost of living and lower costs to create goods. Two divergent economic zones based on two different energy systems.
This potential outcome just seemed to track with the logical conclusion. The yellow zone also represented by the World Economic Forum, and the gray zone also represented by an expanding BRICS alliance. Against this predictable backdrop we have been watching various events unfold, some obvious and some less so.
Today, we get an obvious example:
NEW DELHI, Nov 24 (Reuters) – Fiat parent Stellantis (STLA.MI) has concluded it can’t currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters.
If India, with its low-cost supplier base, is able to meet the company’s quality and cost targets by the end of 2023, it could open the door to exporting EVs to other markets, said Carlos Tavares, CEO of the group whose brands also include Peugeot and Chrysler.
“So far, Europe is unable to make affordable EVs. So the big opportunity for India would be to be able to sell EV compact cars at an affordable price, protecting profitability,” Tavares told reporters at a media roundtable in India late on Wednesday.
Stellantis is investing heavily in EVs and plans to produce dozens in the coming decade, but Tavares warned last month that affordable battery EVs were between five and six years away.
On his first visit to India since taking over as Stellantis CEO, he said the company was still working out a plan regarding EV exports from the country and had not yet taken any decisions. (read more)
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Normally we would expect to see market forces determining the ultimate economic outcome. Historically, we would not expect government policy that puts their nation at an economic disadvantage. However, in this WEF controlled new western economic normal we see multinational corporations’ making decisions and government leaders creating policy to support the corporations.
There is money to be made by corporations within the climate change agenda, and there is money to be made by producing goods with low-cost wages and cheap materials. Eventually, if you keep following this to its natural conclusion, the entire yellow zone becomes a service driven economy.
Multinational corporations in control of government are what the BRICS assembly foresaw when they first assembled during the Obama administration. When multinational corporations run the policy of western government, there is going to be a problem. Brazil, Russia, India, China and South Africa (BRICS) saw President Obama sub-contracting, actually giving away, U.S. trade policy.
In the bigger picture, the BRICS assembly are essentially leaders who do not want corporations and multinational banks running their government. BRICS leaders want their government running their government; and yes, that means whatever form of government that exists in their nation, even if it is communist.
BRICS leaders are aligned as anti-corporatist. That doesn’t necessarily make those government leaders better stewards, it simply means they want to make the decisions, and they do not want corporations to become more powerful than they are. As a result, if you really boil it down to the common denominator, what you find is the BRICS group are the opposing element to the World Economic Forum assembly.
The BRICS team intend to create an alternative option for all the other nations. An alternative to the current western trade and financial platforms operated on the use of the dollar as a currency. Perhaps many nations will use both financial mechanisms depending on their need.
The objective of the BRICS group is simply to present an alternative trade mechanism that permits them to conduct business regardless of the opinion of the multinational corporations in the ‘western alliance.’
Again, if you follow the Build Back Better agenda to its natural conclusion, the entire yellow zone becomes a service driven economy.
There is a significant lag in all data within the housing market. That said, the third quarter (July, Aug, Sept) data reflects a significant drop in institutional investment within the housing market.
If you look closely at the timing (keep in mind the data reporting lag) what you will notice is that financial institutions began a big surge in purchasing hard assets, specifically real estate, as soon as Joe Biden took office (Jan ’21), and the economic policy became evident. Intangible financial instruments became an immediate risk as the professional financial control groups recognized energy policy would drive inflation (supply side) and devalued money would fuel it (demand side).
As an offset to predictable inflationary policy (the insiders’ game), institutional money (Blackrock, Vanguard etc) was moved into hard assets with tangible value. This shift in asset allocation, institutional sales, helped fuel a false surge in home prices and their valuations. CTH was writing about this in 2021, and sounding alarms as it took place. 25% of all real estate purchases were being made by institutional investors.
The dynamic was predictable. The Biden administration economic policy, energy policy and monetary policy, was going to cause massive inflation. CTH was shouting about it in early 2021 and warning everyone to prepare for waves of price increases that would naturally surface first on high-turn consumable goods, and then embed into longer-term durable goods.
Despite claims to the contrary, this 2021 inflationary explosion had nothing to do with the pandemic or supply chain shortages. It is entirely self-created by western governmental policy; the collective ‘Build Back Better’ agenda. You can see now from the background moves within the financial sectors, they too knew the reality and their money shifts reflected that despite their ‘transitory’ pretending they were mitigating their own exposure.
We the People were yet again going to be victims of specifically intended monetary, regulatory, energy and economic policy.
The investment class rulers of the WEF assembly shifted assets to avoid the pain that we would feel. We “would own nothing and be happy,” and their shifts would position them to own everything and be in control.
Overall govt spending and regulatory controls drove inflation for these past two years. The ‘demand side’ was blamed, despite the lack of demand. I will be proven right when history is concluded with this. Interest rates were raised by central banks in an effort to support the policies that are driving ‘supply side’ inflation, not demand side.
Energy policy was/is crushing the consumer by driving up the cost of all goods and services. To support the overall goal of changing global energy resource and development (a false and controlled global operation), central banks raised interest rates. Various western economies, including our own, have been pushed deeper into a state of contraction by central banks crushing consumer demand, and eliminating investment via increased borrowing costs.
In short, the goal was/is to lower energy consumption by shrinking the economic activity. This, according to the BBB plan, was needed at the same time as energy development was reduced. These economic outcomes are not organic, they are all being controlled by collective western government agreement.
Within this control dynamic, there was always going to be a point where the reaction of the people to their economic reality means the financial control elements need to shift direction. They will always maximize profit and minimized risk, while knowing what the larger objective remains.
Just like every other durable good, housing demand contracts as prices and costs become unaffordable. The loss of equity within your home is damaging to your own value or ability to borrow against it. From the perspective of an institutional asset, that same equity drop is an investment loss. Thus, just as a consumer would exit the housing market, so too will institutional investment groups now control the slow dumping of the asset to remove the equity they pumped into it.
Much of the investment housing will be retained as rental housing, with the monthly rents being part of the returns on the investments. However, as this dynamic unfolds further purchases of houses stop, because the asset overall is declining in value.
(Via Wall Street Journal) – Investor buying of homes tumbled 30% in the third quarter, a sign that the rise in borrowing rates and high home prices that pushed traditional buyers to the sidelines are causing these firms to pull back, too.
Companies bought around 66,000 homes in the 40 markets tracked by real-estate brokerage Redfin during the third quarter, compared with 94,000 homes during the same quarter a year ago. The percentage decline in investor purchases was the largest in a quarter since the subprime crisis, save for the second quarter of 2020 when the pandemic shut down most home buying.
The investor pullback represents a turnaround from months ago when their purchases were still rising fast. These firms bought homes in record numbers last year and earlier this year, helping to supercharge the housing market.
Now, investors are reducing their buying activity in line with the decline in overall home sales, which have slumped with mortgage rates rising fast. (more)
At a macro level, if you bought a home in the last 18 months, or refinanced your home to pull out equity, you still have significant downside exposure. Home prices will continue dropping until they plateau on the downside at the price that existed in roughly June of 2021.
The drop in value is directly related to the regional purchases by the institutions. In areas where higher percentages of overall home sales were made by institutional investors, the subsequent drop in value will be larger (see chart above). In areas where actual people purchased homes to live in, the drop in value will be less significant.
I keep getting this buying question, so with the above in mind I will answer it in the most brutally honest way I can present…..
At a macro level, if you are going to purchase a home on this downslope, look at the historic valuation of that property (or a comparable property) in/around approximately the spring of 2021. Start there, and put your offer in that vicinity, then hold firm without any emotional attachment to it. Do not purchase another groups loss.
The administration cares about you. With magnanimous intent Dear Leader provides the correct guidance for your discussions. Please follow the transcript as outlined for your family gathering this year. All the best comrade citizens will be reciting it. [Source]
Good citizenship begins at the family table by honoring Dear Leader’s accomplishments.
Dear Leader provides appropriate instructions for the way all good citizens should thank him. It is no longer your burden to say, “this holiday we celebrate and are thankful for friends and family.” Instead, Dear Leader is providing thoughtful guidance, so you do not have to worry about appropriate thinking.
This is terrible news for many blue-collar families in Mississippi and North Carolina. Last night, United Furniture, makers of Lane brand, fired all of their manufacturing employees and transportation workers effective immediately.
Fortunately, other manufacturers are quickly messaging the displaced workers with job offers {link}, but the overall message from the collapsed company is alarming.
Read the email letter from today that accompanied the late-night notification:
(Via Furniture Today) – “At the instruction of the Board of Directors of United Furniture Industries, Inc., and all subsidiaries (the “Company”), we regret to inform you that due to unforeseen business circumstances the Company has been forced to make the difficult decision to terminate the employment of all its employees, effective immediately, on November 21, 2022, with the exception of over-the-road drivers that are out on delivery. Your layoff from the Company is expected to be permanent and all benefits will be terminated immediately without provision of COBRA.
Over-the-road drivers that are out on delivery will be paid for the balance of the week. Whether or not you have completed your delivery, please immediately return equipment, inventory, and delivery documents for those deliveries that have been completed to one of the following locations: Winston-Salem, N.C., Verona, Miss., or Victorville, Calif. location. To be clear, do not complete any additional deliveries.
We regret that this difficult and unexpected situation has made this necessary. Additional information will be provided shortly.
Thank you for your service and dedication.
UFI/Lane Corporate Communications” (link)
A few quick points.
First, everyone who is not pretending is well aware the U.S. durable good economy is in a severe state of contraction. This manufacturing announcement is deeply troubling and sad, but unfortunately not unexpected – all things considered.
Second, while understanding that an unexpected loss in operational funding is usually what leads to these “immediate” types of total operational collapse, most often the result of a lender backing away from a desperately needed continuation loan, the callousness of the job loss communication reflects disconnected corporate management.
Third, while the economic framework would preclude it happening on his watch, United Furniture Industries is damn lucky President Donald Trump is not in office right now or there would likely be an eviscerating response to this announcement.
I have never met President Trump, but I have watched closely enough to accept that we are tuned to the same business frequency. This is not the way an American company, or any company for that matter, should conduct itself during crisis.
My prayers are for those families who woke up this morning with the financial rug pulled out from under them.
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Father of mercy and comfort wrap Your loving arms around the families who received notifications of job losses today. Trepidation and financial fear can lead to horrible family stress. Lord God and provider of all security, within Your Word You have said for us to cry out in Your name, and we can receive.
For I know the plans I have for you,” declares the Lord, “plans to prosper you and not to harm you, plans to give you hope and a future;” (Jeremiah 29:11)
And so, I am asking for Your peace and reassurance to lay upon the troubled families and workers. I pray today knowing there but for Your grace we too may find ourselves.
Father, of love and support send Your spirit of strength into the hearts of those who received this employment news. Guide them closer to You and toward financial security in every tomorrow. In Jesus’ powerful name, I believe and pray.
Amen
The Associated Press received a lot of international scorn for reporting incorrectly that Russia fired missiles into Poland {Backstory}.
As soon as the AP attributed the missile attack to Russia almost immediately other media outlets began promoting calls for a NATO led war against Russia. Additionally, the G20 summit was taking place and various international leaders began discussing an article-5 convention against Russia.
However, the single source of the AP report was wrong, a senior U.S. intelligence official, if there actually was a source. It was the Ukraine military who fired the missile into Poland, not Russia.
The Daily Beast notes today that the Associated Press has fired James LaPorta, the journalist who made the claim of Russian origin.
(Via Daily Beast) – The Associated Press scared much of the world last Tuesday when it alerted readers that “a senior U.S. intelligence official” said “Russian missiles crossed into NATO member Poland, killing two people.”
That report, which was widely cited across the internet and on cable news, was taken offline the following day and replaced with an editor’s note admitting the single source was wrong and that “subsequent reporting showed that the missiles were Russian-made and most likely fired by Ukraine in defense against a Russian attack.”
On Monday, the AP fired James LaPorta, the investigative reporter responsible for that story, Confider has learned.
The piece, which was originally co-bylined with John Leicester (who is still working at the AP), attributed the information to a single “senior U.S. intelligence official,” despite the AP’s rule that it “routinely seeks and requires more than one source when sourcing is anonymous.” (read more)
The American Farm Bureau price estimation for the Thanksgiving Day basic foodstuffs seems underestimated every year. However, this year with grocery store prices jumping dramatically the basic Thanksgiving Dinner as calculated is up 20% [Data Here]
(AFB) – Spending time with family and friends at Thanksgiving remains important for many Americans and this year the cost of the meal is also top of mind. Farm Bureau’s 37th annual survey provides a snapshot of the average cost of this year’s classic Thanksgiving feast for 10, which is $64.05 or less than $6.50 per person. This is a $10.74 or 20% increase from last year’s average of $53.31.
The centerpiece on most Thanksgiving tables – the turkey – costs more than last year, at $28.96 for a 16-pound bird. That’s $1.81 per pound, up 21% from last year, due to several factors beyond general inflation. (read more)
On the positive side of things, we note two points: #1) the third wave of food inflation should crest the beginning of December; and #2) a lot of readers here were proactive and purchased holiday ingredients long before the massive price increases showed up. Great job.
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Although, as WeeWeed has noticed, this year is making everyone a little spicy…
Former Commander of US Army General Ben Hodges admitted that Putin’s successor will be “much worse.” This is what I have warned, as Putin is surprisingly a middle-of-the-road leader compared to others. Hodges believes that the Russian government is already split on the Ukraine war, as many have personally faced sanctions and monetary losses. People think that the war can end by simply removing Putin, but this is simply not true.
“Alexander Dugin (Russian ultra-nationalist philosopher) openly says that Putin needs to be killed,” Hodges said. “We see the North Caucasus and (Chechen leader Ramzan) Kadyrov, who is anticipating Russia’s possible collapse and is trying to protect himself somehow. I absolutely don’t call for regime change in Russia – this is the choice for the Russian people to make, but we must understand that whoever comes after Putin will be much worse.”
The West began discussing reparation payments from Russia months ago. Consequently, losing the war could mean losing Russia. More than just the Donbas area is on the line as we have seen nations and empires divided after wars countless times. Hodges believes a Russian loss would lead to a complete disintegration of the Russian state.
“Under a Russia break-up scenario, you could have a lot of new nuclear-armed states that were divided amongst one another on ethnic lines,” he said. “That raises fears about conflict, spill-over and escalation and nationalism. How do you manage those nuclear weapons? How do you prevent a sort of statelet from going rogue?” This would only lead to growing civil unrest and wars among newly created states. History will never surprise us — it always repeats.
Removing Putin will not end the war. There are men waiting in line behind Putin who would rather nuke us all into oblivion before watching their nation dissolve. This is why I say that the West must abandon Ukraine and urge peace. Ukraine could not defeat Russia without Western aid, and Russia could not be controlled without the checks and balances of the West. The politicians do not understand that there will be no winner in this war.
QUESTION: Sir, Discussing Ukraine with a friend, I brought up the Belgrade Agreement of 1991. Searching the internet I found one article besides your blog spot that references it. I couldn’t find it. Do you have a copy? Censorship at its finest.
Keep up the good work.
DK
ANSWER: That is really unbelievable. The agreement was reached in 1994 following the collapse of the USSR in 1991. Al Gore was quoted by the Guardian on December 18, 1993: “Ukraine is deceiving us all” and that its nuclear policies were “evil.” As the Guardian reported that the Ukrainian “government and its parliament are already in NATO’s bad books for refusing to make good their promise to abandon nuclear weapons.” It was Ukraine that was threatening the entirety of Eastern Europe for their hatred of Russians dating back to ethnic cleansing from the Nazi era was alive and well. You absolutely cannot trust anything Ukraine would ever agree to. I have warned that when shaking hands with Ukraine, you better forget counting your fingers; you need to make sure you still have your arm. Even the IMF has said that Ukraine is the most corrupt country in Europe. NOTHING they say can be trusted.
There was a very real deep fear that Ukraine would not only make sure that the cold war would continue, but they also were highly radical and would use nuclear weapons to claim Russia fired first. Ukraine is a country that is not trusted by its neighbors. It is absurd propaganda that they are fighting for Democracy by refusing to allow the Donbas to vote when they absolutely hate the people there. But the West refuses to protect the Donbas also because they are simply Russians. This one-sided view of human rights allows Ukraine to propel the entire world toward World War III.
Every document you look at and the press pre-2022 cast Ukraine as a dangerous country dominated by corruption and engulfed still in this view of ethnic cleansing from the days of Hitler. Because the CIA protected the Ukrainians, they have never been held accountable, and they are now propelling the world into war.
But Adalaide University just published a study on how Ukraine has been using BOTS to manipulate the world’s opinion to support Ukraine and the destruction of Russia. Ukraine has always been disliked by its neighbors because of its support for Hitler. They have long been considered radicals and linked to the Nazis all because Hitler promised to allow them to create their own country.
Ukraine was NEVER a country before the USSR. They were more like the Kurds in Iraq. The borders they are fighting for were merely drawn for administrative purposes by the USSR. They were the ones who pushed for the collapse of the USSR, and they were the ones who immediately began forming an army of 400,000 that scared the hell out of all their neighbors.
By 1992, they were fighting to take over the Russian fleet. Even Dick Cheney was deeply concerned because Ukraine was irresponsible, and their hatred of Russians from the Nazi days surged to the surface. They had more nuclear weapons than China at the time.
James Baker went to negotiate and argued that Ukraine should surrender its nuclear weapons. There were never trusted. Just like the Serbs in Bosnia, the hatred ran very deep. Ukraine took the position that it would only surrender its nuclear weapons if Russia did. Their arguments were simply colored with Russian hatred. They instantly formed an army after 1991, and the Belgrade Agreement was finally reached in 1994, where they agreed to surrender their weapons and remain neutral, with NATO vowing not to invade, and Russia took the same position. Only then did Ukraine agree to surrender its nukes, for they realized that NATO did not trust them and would regard Ukraine as a terrorist state hostile to Europe.
Ukraine then argued it would cost too much to surrender all its nukes. They were the third-largest nuclear power in the world. They then demanded all sorts of guarantees, which they have violated today, but they also extorted money from the United States to disarm their nukes. To cement the deal, Bill Clinton paid Ukraine $175 million to return the nukes to Russia, and Russia, in return, provided the nuclear power rods for Ukraine. Of course, FAKE NEWS seems to be repainting history with the current color of fashion.
The Ukrainian Civil War was started by the UNELECTED government installed by the US & NATO. They immediately sent an army to attack the Russians in the Donbas. They called it an “anti-terrorist operation,” all to pretend they wore white hats. The Ukrainian people did NOT vote for this war. This was instigated by the West. I warned from the outset that our computer back in 2013 pinpointed Ukraine as the place where World War III would begin. It is now being driven to destroy Russia for climate change. This is NOT my personal opinion. Sorry, I wish it were. Then I could be wrong like any person. But this is the computer projecting, and it has been dispassionate.
For the Ukrainians who cheer war, I remind you of the story of Croesus, king of Lydia. He asked the Oracle at Delphi if he would win if he waged war upon Persia. The Oracle replied, “A great empire will be destroyed.” He took that as his victory. He lost, and the collapse of the great empire was his. Ah, how stupidity causes history to repeat. Ukraine will be utterly destroyed. Their view of a nation-state will be but a fleeting moment of greatness. They are destroying all the lives of their own people simply because of their hatred of Russians and their quest for ethnic cleansing. Everyone supporting Ukraine in this hatred will suffer the same fate. Post-2032, we will get to redesign our government from the ground up. Nothing will remain standing like the fallen statutes of Egypt and Rome. Our time will come.
Zelensky was elected on a promise to end corruption, yet, he has stashed more money offshore than any former leader in Ukraine. He promised to end the civil war and seek peace with Russia. He lied to gain power and has done exactly the opposite. This guy puts money before his own country while hiding it offshore, as the Pandora Papers confirm, and refuses to negotiate or honor the Minsk Agreement because fools would stop sending money to his government, and the well would quickly dry up.
The day before Putin came to defend the Donbas, Zelensky stood up and said he would seek to reestablish nuclear weapons. That ended Ukraine’s 1994 agreement to remain neutral. This was like 1962 when Russia put nukes in Cuba.
The people who never question anything about Ukraine are the same people who believed COVID was like the black plague and you would die without a vaccine and a mask. People are so easily manipulated. Unfortunately, if they were not, how would you get people lining up to fight and die on a battlefield when the very BEST they could ever hope for is to return unharmed to a family who is still there?
Posted on Sep 8 2022 by Lee Gaskin
Researchers from the University of Adelaide have found bots have had a major online presence during the war between Russia and Ukraine.
The researchers analyzed 5,203,764 tweets, retweets, quote tweets, and replies posted to Twitter between February 23, 2022, and March 8, 2022, containing the hashtags
#(I)StandWithPutin, #(I)StandWithRussia, #(I)SupportRussia, #(I)StandWithUkraine, #(I)StandWithZelenskyy and #(I)SupportUkraine.
“We found that between 60 and 80 per cent of tweets using the hashtags we studied came from bot accounts during the first two weeks of the war,” said co-lead researcher Joshua Watt, an MPhil candidate in Applied Mathematics and Statistics from the University of Adelaide’s School of Mathematical Sciences. “This drove more angst in the online discourse and even impacted discussions surrounding people’s decision to flee or stay in Ukraine.”
“We observed increases in words such as ‘shame,’ ‘terrorist,’ ‘threat,’ and ‘panic.’ Pro-Russian human accounts were having the largest influence on discussions of the war – particularly on accounts which were pro-Ukraine. To our knowledge, this is the first body of published work which addresses online influence operations in the context of Russia’s invasion of Ukraine in 2022.”
“In the past, wars have been primarily fought physically, with armies, air force and navy operations being the primary forms of combat. However, social media has created a new environment where public opinion can be manipulated at a very large scale.”Co-lead researcher Joshua Watt, MPhil candidate in Applied Mathematics and Statistics from the University of Adelaide’s School of Mathematical Sciences.
Fellow co-lead researcher, Bridget Smart, a Masters student in Applied Mathematics and Statistics, added: “Our research identifies that this is happening during the Russia-Ukraine war and provides a statistical framework which quantifies the extent to which this is happening. This work extends and combines existing techniques to quantify how bots are influencing people in the online conversation around the Russia-Ukraine invasion. It opens up avenues for researchers to understand quantitatively how these malicious campaigns operate, and what makes them impactful. This research has identified that social media organisations may need to be better equipped for detecting and handling the use of bots on their networks. It has identified that governments may need to have stricter policies on social media organisations, and that social media can be a vital tool during conflict.”
The paper titled “#IStandWithPutin versus #IStandWithUkraine: The interaction of bots and humans in discussion of the Russia/Ukraine war” has been published in arXiv and will be presented at The International Conference on Social Informatics in Glasgow from 19-21 October.
In a 52-paragraph mutually agreed declaration following the G20 Summit in Bali, Indonesia, the leaders at the 20-nation summit have agreed to a process for digital vaccine IDs to facilitate international travel. The alarming aspect is found on paragraph 23 of the Declaration.
[Paragraph 23] – We support continued international dialogue and collaboration on the establishment of trusted global digital health networks as part of the efforts to strengthen prevention and response to future pandemics, that should capitalize and build on the success of the existing standards and digital COVID-19 certificates.
“We acknowledge the importance of shared technical standards and verification methods, under the framework of the IHR (2005), to facilitate seamless international travel, interoperability, and recognizing digital solutions and non-digital solutions, including proof of vaccinations.” (link)
The members of the G20 are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union.
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!
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