Nicole Schwab, the offspring of World Economic Forum mastermind Klaus Schwab, admitted that COVID was simply a precursor for coming climate lockdowns. In the leaked video above from a June 2020 panel discussion in Switzerland, Nicole comments that COVID proved the world could strongly shift once people felt an extreme threat to their livelihoods. She notes that policymakers now have more power post-COVID, and changes need not be incremental. In the full video, she states:“So I see it as a tremendous opportunity to really have this Great Reset and to use this huge flows of money — to use the increased levers that policymakers have today — in a way that was not possible before to create a change that is not incremental but that we can look back and we can say this is the moment where we really started to position nature at the core of the economy. And there are plenty of opportunities and this is again a mindset of actually innovation technology and a business growth can happen with a positive impact of nature and kind of laying out some of these examples. Regenerative agriculture is, of course, a huge part of that as well.”
I will go into regenerative farming in another post, but it ultimately transfers the production of crops to the globalists under the lie of climate change.
Nicole Schwab stated that the youth would be the easiest to brainwash into accepting this new reality. “And one of the key reflection points here is also around engaging youth, and for me, it’s again, I come back to this shift in the mindset of the restoration generation can we conceive of ourselves as humans?” she stated. Hence, they are confusing children in schools about their identity and disrupting their sense of self at the core. They are teaching the youth the “facts” when they have no other point of reference.
Schwab’s daughter knows that lockdowns and power grabs may happen instantaneously. They studied the masses during the extended plandemic to see how well everyone would obey. The masses gave into the fear-mongering, permitted their own children to be injected with an experimental drug, covered their faces for years, and placed themselves on house arrest. The “fringe minority,” as Trudeau put it, was small enough to control and punish. The push toward 15-minute cities will enable the globalists to keep us in place at whim.
I rank Bill Gates up there with Klaus Schwab and George Soros as one of the greatest threats, combined with others, that will fulfill our computer’s forecast projecting the decline & fall of Western Civilization post-2032 and the sharp decline in world population. That has been his family’s goal since creating Planned Parenthood to promote abortions in minority areas to reduce the population of particular races. That was the clever way to turn eugenics into a woman’s right.
Now, Gates is dangerously altering the environment and there is no understanding of the profound damage he is causing this time all while;e pretending to care about the planet and humanity. In 2022, the Environmental Protection Agency (EPA) approved releasing more than 2 billion genetically altered male mosquitoes in Florida and California following a pilot program in the Florida Keys dating back to 2020. Of course, the so-called fact-checkers only spread their own disinformation and appear to be so hateful and biased that they support anything that undermines whatever is said by their opposition regardless of the truth.
Cases of malaria have emerged in the US for the first time in 20 years. They focus on the statement when this project was released. Oxitec’s work in the US has involved releasing genetically modified, male Aedes Aegypti mosquitoes in the Florida Keys with the purpose of combating insect-borne diseases such as Dengue fever and the Zika virus. The intent is to have the modified mosquitoes mate with female mosquitoes and pass on a genetic change in a protein that would render any female offspring unable to survive — thus reducing the population of the insects that transmit disease.
First of all, they just assume that their press release was telling the truth. They paint the picture that malaria was not among this disease they claimed they were targeting. There was no investigation to see if that was true or not. Or, that Gates would destroy our environment just as Australia did by importing one species to eliminate another and upset their entire ecosystem. Australia learned its lesson and you cannot import any animal whatsoever without the approval of the government.
In 1935, the Bureau of Sugar Experiment Stations tried to eliminate pesticides to kill the native grey-backed cane beetle that was destroying their sugar came crops. In June 1935, they imported 102 cane toads from Hawaii. By 1937, some 62,000 toadlets were bred in captivity and then released in Queensland. Now, the toad number over 200 million and have been known to spread new diseases altering the entire local biodiversity and there is no evidence that they have affected the number of cane beetles which they were introduced to eliminate.
While the fact-checkers claim linking Gates to malaria is a conspiracy theory without any investigation into whether that press release was true or not, even if we assume it was true in this world where it seems they are all liars, if we accept what Gates has done kills one species of mosquito that spread Dengue fever and the Zika virus, both of which were never a serious problem in the United States. Incidence of Dengue fever in the United States is rare, with only 865 cases reported in the US and 38 in the territories according to the CDC in 2019 (903 total), most of which were attributed to travelers that visited dengue endemic regions. That made no sense to launch mosquitoes in Florida and California when the disease was only among travelers who did not contract it in the United States, to begin with. And as for the Zika virus, the CDC reportedonly 32 cases in 2021. It seems very strange that Gates would spend millions of dollars to alter mosquitoes genetically for a disease that was not very common. This seems to imply that the press release was not true.
These fact-checkers have also totally ignored that the timing could not be better as they are planning to release a new mRNA vaccine to combat malaria. The Bill and Melinda Gates Foundation awarded Oxitec, a biotech company, a large grant to develop genetically modified mosquitos. I for one would NEVER trust Bill Gates with anything. His family has been on a mission to reduce the world population and I find it completely illogical that he cares about preventing disease to allow the population to increase.
It was Gates’ father behind Planned Parenthood which was behind the whole abortion issue that Justice Ginsberg said had nothing to do with women’s rights. The contraceptive chip he funded is to be implanted under a woman’s skin, releasing a small dose of levonorgestrel, a hormone. This will happen every day for 16 years and can be controlled using a wireless remote device. Any review of Bill Gates’ philanthropy reveals that it is not really charity, he expects a profit return and vaccines are one very profitable venture for him.
It was April 2021, when the Gates Foundation announced that 150,000 mosquitoes would be released throughout Florida. Aedes aegypti, a mosquito species known to carry infectious diseases, was set to be released in mid-2021 in both Texas and Florida. Gates claimed that these mosquitos, although deadly to humans, cannot reproduce and therefore would eliminate the mosquito population. The number of diseased mosquitos set for release continues to increase. In August of 2020, CNN reported that 750 MILLION diseased mosquitoes were set to be released in the Florida Keys. The Environmental Protection Agency (EPA) is utterly useless and agreed to this mass experiment without analyzing the risks. Governor Ron DeSantis did nothing to prevent these GMO insects from infecting Floridians. We know we cannot trust any government agency anymore. They are taking funding from the very people that they were supposed to regulate.
Oxtitec is calling this experiment “Friendly Mosquito Technology.” The company “anticipates” that it will not pose a risk to animals, people, or the environment. The government, CDC, WHO, FDA, EPA, and every corrupt government agency funded with tax dollars to protect the public are allowing this to take place. Will this prove to be Australia’s cane toad experiment that has destroyed much of its ecosystem?
“During these field tests, Oxitec will release male mosquitoes into the environment that have been genetically modified to carry a protein that will inhibit the survival of their female offspring when they mate with wild female mosquitoes. The male offspring will survive to become fully functional adults with the same genetic modification, providing multi-generational effectiveness that could ultimately lead to a reduction in Aedes aegypti mosquito populations in the release areas. EPA anticipates that this could be an effective tool to combat the spread of certain mosquito-borne diseases like the Zika virus in light of growing resistance to current insecticides.”
Gates funded the largest mosquito-growing facility in the world. A two-story building in Medellín, Colombia, is producing 30 million modified mosquitos per week. They are dropping eggs packed in gelatin capsules into the water to hatch, as well as releasing fully grown adult mosquitos into the air.
How much did Bill Gates make from his COVID-19 Vaccine while immune from lawsuits for even killing some people?
Remember Gates and the lockdowns? The program he funded with Ferguson was a joke. I was given the code and asked to review it from a British source. It was used to create the whole lockdown nonsense that wiped out businesses and he had no problem altering society as a whole. The government is permitting Gates to use the population as his test subject as this Administration seems to allow. Every government agency has approved of this method, swearing up and down it is safe.
Now we have a resurgence of a deadly disease not seen in the US for two decades. Where is the outrage? I have NEVER been bitten by mosquitoes ever here in Florida as I have been this year. I have had to go buy bug lights and place them all around my yard and even put them inside my home. Thank you, Gates. I will reverse my choice of words for your character to myself.
We now have malaria for the first time in 20 years. What nobody seems to have brought up is that if Gates has killed off only one species of mosquito, then if it really is a different species that carries malaria, then they will thrive. He is killing off one species and expanding another. He certainly likes to play god, we really need to stop this insanity for there is no way he cares about eliminating disease and at the same time reducing population. It just makes no sense.
Russia has deep concerns that what Gates is really doing is plotting biological warfare. Even the Nazis were playing this game of releasing mosquitoes to give opposing troops malaria. Russia has brought this issue up that the US has been experimenting with using mosquitoes and ticks to deliver genetically created diseases to wipe out opposition forces. There is a lot more behind what Gates is doing than the press is willing to print.
(images directly from BlackRock’s website – click on them to enlarge)
The first bill that President Joe Biden vetoed was a bill intended to dissolve the ESG climate social credit score. The bill passed 50-46 in the Senate before being destroyed by Biden. Out of all the issues facing America, Biden chose to use his presidential powers to kill this bill because it is intended to promote the Great Reset to Build Back Better.
House Speaker Kevin McCarthy (R-Calif.) stated that the “woke ESG rule [would let] Wall Street use your retirement savings to fund left-wing political causes.” “The House blocked Biden’s woke ESG agenda. The Senate blocked Biden’s woke ESG agenda. Now it heads to the President’s desk. He must side with American workers and sign it immediately,” McCarthy stated, only to have Biden veto the bill. Those in support of the bill stated that the Labor Department was given the power to misdirect $12 trillion in retirement funds affecting 150 million Americans.
Furthermore, Fink claimed that it is the place of government, and not companies, to implement social and environmental policies. This goes directly against his letter “A Sense of Purpose,” in which he said the people needed the private sector to implement policies since government had failed to do so. Fink insists clients want sustainable and progressive investment opportunities to add to their portfolios. Yet, BlackRock is known to abandon companies that fail to adhere to strict ESG policies.
Fink points to natural disasters that humans could never prevent as a main reason for forcing the ESG score. The truth of the matter is that these titans of finance and various global governments are all supporting the Great Reset movement.
Anyone familiar with the housing market conditions post-pandemic knows that cash buyers and institutions consistently outbid the average buyer. I know a realtor who has spoken primarily to consultants working on behalf of companies, and they’re willing to purchase properties over-market on a consistent basis. They know they can buy these properties and rent them out for a fraction of what they paid because they have the liquidity to do so. Currently, BlackRock is the largest landlord in America, with over $120 billion in residential real estate.
BlackRock has invested significantly in mortgage securities since the pandemic. The company insists that they are not purchasing single-family homes, meaning they’re not flipping homes to resell. “Our focus is on building single-family rental housing that can be managed and operated similar to multifamily properties with dedicated property management, leasing and amenities,” the company’s website states. “Additionally, BlackRock invests in multifamily properties, apartment complexes, and other residential real estate.”
The goal is to own as much land as possible so that the people can become perpetual renters. BlackRock also is part of the World Economic Forum and promises “sustainability” and “ESG integration,” and is a member of GRESB (formerly the Global Real Estate Sustainability Benchmark). GRESB is the global standard for providing and acquiring real estate and infrastructure in a sustainable way.
BlackRock noted that “displacement” from the pandemic and other economic downturns will provide a great investment opportunity. “In the near-term, we expect dislocation and opportunity, yet there is greater dispersion between markets and sectors with logistics of storage, high-quality residential, and data centers having emerged as clear winners, while hotel, retail, and student housing will likely face a longer road to recovery.” They’ve been on top of the downturn in real estate since the beginning. This is not limited to the US as they have investments and branches worldwide.
BlackRock is one of many institutions purchasing land and real estate at a rapid pace. Invitation Homes, a BlackRock investor, owns over 80,000 single-family rentals in the US alone. Again, the goal is to profit off of rental income. This is another reason inventory is at a historic low and will remain tight since most institutions do not plan to sell the real estate they have acquired.
“There is a golden opportunity to seize something good from this crisis…global crises know no borders, and highlight how interdependent we are as one people sharing one planet,” the former Prince of Wales said during a World Economic Forum summit in January 2021. Ironic for the king of England to speak on an opportunity to “seize something.” This man has no idea what it means to live the life of a commoner and has riches beyond imagination, but he is asking US to sacrifice for THEM.
“Charles has been one of the highest-profile global proponents for protecting the planet in recent decades, from writing books and making speeches about nature to working with business to mobilise private finance to combat global warming,” the WEF wrote on its website in September 2022. Charles spoke about “entire new markets based on sustainability” at the WEF meeting in 2020, and asked private industries to begin thinking about how they will transition to net zero emissions. “Sustainable” to these people means using fewer fossil fuels. Incredible how a man whose monarchy exudes opulence and luxury would tell the people to consume less.
The video above is from the WEF’s Davos meeting in 2020. “We have the ability to tag, track, and trace the supply chain in unprecedented ways,” the king commented. That means they also have the ability to tag, track, and trace you. “We cannot expect consumers to make sustainable choices,” he continued.
In 2019, the UK agreed to reach net zero carbon emissions by 2050. The elites began encouraging the people to consume less by traveling less often, eating less, and consuming less. The U.K.’s Climate Change Committee demanded that people eat 20% less meat by 2030, and then drop that down by an additional 15% over the next 20 years. They even discussed the possibility of carbon pricing to tax the people for existing. The people would be forced to pay for the losses businesses incurred after developing green initiatives.
The WEF has bought nearly everyone in a position of power. Do you think King Charles really cares about green initiatives, the environment, or the people in general? He would not last a day in the life of a commoner. Do you think the coronation this weekend will be sustainable by any means? The Great Reset is all about relinquishing all power to those at the very
COMMENT #1: I have seen the covers of various times predicting ice ages to heat waves and always it has been some exaggerated forecast that never comes true. Does anybody really know what is going on with this climate change nonsense where we are being taxed and deprived of all advancement for a theory that is unproven?
GR
COMMENT #2: Hello, I was disturbed by Kennedy’s comment on locking up climate change opponents. However, I listened to a number of things he’d do the first day – all great. I voted for Trump in 2020; but believe he’s too egotistical to admit mistakes he made during Covid. He could be forgiven for listening to wrong advice; but admit it and don’t just blame others. Also, I voted for DeSantis but with his world tour promising military support around the world; seems like he’s just sucking up to the neocons. Trump needed to be “Trumpish” to win in 2016. If he admits past mistakes and “gets real”, show some humility; he could capture some never-Trumpers. Trump may be the only person would could drain the swamp, but his echo would not allow him to do what is necessary to capture the voters. I’m afraid DeSantis is going to be absorbed by the neocons. Kennedy may be the next best thing? You would do a much better job than Biden; but sadly, that’s not a high bar. Thanks, Bruce
REPLY: I agree, that Trump got caught up in the bad advice. It would be impressive if he would come out and tell the truth about COVID and who was giving him the advice. This Climate Change is insane. I grew up with gas stoves and heaters. New York has now banned gas stoves. These people are risking everything and sending society back to the stone age. The once respectable Economist has become an enemy of the people pushing both Schwab’s you will own nothing and insisting it had to be Biden for the Neocons.
It seems that the press is just a cheerleader for war. They paint nothing but hatred of Putin so we should send hundreds of thousands of our young to die to kill one man? After tens of thousands of years, we are no different from ants which also wage wars.
The worse analysis is whenever someone tries to claim everything is caused by a single event. That has never proven to be correct in any field of analysis. It is always far more complex.
ABSOLUTELY nothing can be reduced to a single cause and effect – NOTHING!
When I was called in by the Presidential Commission back investigating the 1987 Crash, an academic was put in charge of some investigation and said we were going to find that giant short that forced the market down. I explained that theory has always been put forth since the first investigation into the 1907 Crash and nobody has ever been found. They subpoenaed in 1930 all the millionaires and put them on trial in the Senate with false allegations. They found that they were all long – not short. They all lost money. But the allegation was so outrageous, William Fox (Wilhelm Fried Fuchs) founder of the Fox movie empire, lost his company thanks to countless lawsuits filed against him and he was too sick to attend the hearing in Washington so they put him on trial and destroyed his reputation all because they hated anyone who had money. That was why Hoover apologized for the unethical and unconstitutional treatment of the rich during the Great Depression.
When I explained that nobody was ever discovered, the next question was why then did the market crash? I explained that when everyone is long and something causes some to begin to take profit, the people try to sell and there is NO BID! That is when the market crashes. Politicians then blame short sellers and want to pass laws outlawing short selling and the ONLY person with the courage to buy during a crash is the short seller.
Eliminate that and you end up with a dead market just as took place in Japan. Instead of the crash being over in 2 to 3 years like 1929-1932, it was prolonged for 19 years. Everyone who was long was just waiting for a rally to sell that never came and there were no fresh buyers.
Climate Change is nothing but propaganda taking a natural cycle that can be proven and tracked for millions of years and these people want to reduce it all to just CO2 no different than blaming shorts for a stock market crash. There are just people obsessed with this propaganda and it is just beyond belief. If they believe in that so much, please then show us the way and just commit suicide to reduce the population, and that will reduce the whole CO2 problem.
During the 1970s, scientists were all predicting a new ice age. That was the popular view. Then there was a totally theoretical proposition laid out in the book Under a Green Sky that has become the bible for the total destruction of our modern society and just maybe they know that and are looking to deprive energy to reduce the population.
If we take the graph from the paleontologist Peter D. Ward’s book, “Under a Green Sky” published in 2007, this is what has inspired this whole climate debate and there is no evidence that it was CO2 that created an extinction of hundreds of millions of years ago. This has been a theoretical model that appears to be as reliable as the one funded by Bill Gates to justify locking down the entire world economy for a man-made virus – COVID19.
In 1832, Professor A. Bernhardi argued that the North Polar ice cap had extended into the plains of Germany. To support this theory, he pointed to the existence of huge boulders that have become known as “erratics,” which he suggested were pushed by the advancing ice. This was a shocking theory, for it was certainly a nonlinear view of natural history. Bernhardi was thinking out of the box. However, in natural science, people listen and review theories, unlike in social science, where theories are ignored if they challenge what people want to believe. In 1834, Johann von Charpentier (1786-1855) argued that there were deep grooves cut into the Alpine rock concluding, as did Karl Schimper, that they were caused by an advancing Ice Age.
There is a cycle to everything. The climate ALWAYS changes, and there are warming periods and cooling periods. These charlatans are no different than the Babylonian high priests pretending to block the sun with the moon on their command. Science was turned on its head after a discovery in 1772 near Vilui, Siberia, of an intact frozen woolly rhinoceros, which was followed by the more famous discovery of a frozen mammoth in 1787. You may be shocked, but these discoveries of frozen animals with grass still in their stomachs set in motion these two schools of thought since the evidence implied you could be eating lunch and suddenly find yourself frozen, only to be discovered by posterity.
The discovery of the woolly rhinoceros in 1772, and then frozen mammoths, sparked the imagination that things were not linear after all. These major discoveries truly contributed to the Age of Enlightenment, where there was a burst of knowledge erupting in every field of inquisition. Such finds of frozen mammoths in Siberia continue to this day. This has challenged theories on both sides of this debate to explain such catastrophic events. These frozen animals in Siberia suggest strange events are possible even in climates that are not that dissimilar from the casts of dead victims who were buried alive after the volcanic eruption of 79 AD at Pompeii in ancient Roman Italy. Animals can be grazing and then freeze abruptly. Climate change has been around for billions of years — long before man invented the combustion engine.
Even the field of geology began to create great debates that perhaps the earth simply burst into a catastrophic convulsion and, indeed, the planet was cyclical — not linear. This view of sequential destructive upheavals at irregular intervals or cycles emerged during the 1700s. This school of thought was perhaps best expressed by a forgotten contributor to the knowledge of mankind, George Hoggart Toulmin, in his rare 1785 book, “The Eternity of the World”:
” ••• convulsions and revolutions violent beyond our experience or conception, yet unequal to the destruction of the globe, or the whole of the human species, have both existed and will again exist ••• [terminating] ••• an astonishing succession of ages.”
Id./p3, 110
As for the overpopulation propaganda being pushed by Bill Gates, he is just part of the collapse of Western Civilization. I find it really hypocritical that they want to imprison Trump, but not people pushing to reduce the world population and mandating a vaccine that FAILED to prevent the virus and more people who died of COVID who were vaccinated than not. It would seem we are dealing with some dangerous psychopaths running around advocating global genocide. But hey! January 6th was against the political establishment so they are evil. When those in power conspire against We the People, there is nobody to defend the people because they also control all investigations and prosecutions. Only when the military wake up and realize that they TOO are We the People and their families and no longer support the political agenda history teaches us that is the only time when the people will be saved.
New York City Mayor Eric Adams has unveiled one of the most intrusive plans to date. On track with the World Economic Forum, NYC plans to reduce food-based emissions by 33% by 2030 (Agenda 2030—look it up, people). The Mayor’s Office of Climate & Environmental Justice wants the people to eat more plant-based meals and will incorporate food consumption into greenhouse gas emission metrics. The private sector is also expected to reduce its food emissions by 25% by 2030. Hospitals and schools in NYC have rolled out approved menus that are largely plant-based. The plan is to track EVERY individual household’s food consumption and carbon footprint.
New York is joining a larger network of C40 cities that were provided unlimited power to track their citizens under the premise of climate change. Adams wants to see the type of food residents are consuming and will place them in “good” or “bad” categories. Both the IRS and American Express announced it is partnering with the mayor’s office because this is a blatant attempt to TRACK EVERYTHING YOU DO and CONTROL YOU. American Express and other credit companies could begin reporting on how much you spend on “bad” groceries, textiles, and other goods. The tracking will be easier once they push us into a CBDC but they are now seeing how far they can go and using the cities as testing grounds. The IRS may tax you according to your carbon footprint, similar to the social credit score that we see in China. You will have nothing but I don’t think you will be happy.
This is another move toward smart cities as well, where government will provide housing, basic income, and a digitalized way of life for the have-nots as the elite prosper. It also makes sense why the elites, like Bill Gates, have been hoarding farmland. The computer’s forecast of a revolution is now beginning to make sense because we have nearly lost all of our freedoms, and our way of life as we have known it is endangered.
There is no climate emergency. As I have been saying for years, the climate change agenda to end fossil fuels is merely a fraudulent cause intended to gain power. The Global Climate Intelligence Group (CLINTEL) is an independent foundation founded in 2019 by emeritus professor of geophysics Guus Berkhout and science journalist Marcel Crok. “The climate view of CLINTEL can be easily summarized as: There is no climate emergency.”Over 1540 experts respected in their independent fields have joined CLINTEL to spread the message that there is no scientific data to indicate that climate change is political propaganda.
“Climate science should be less political, while climate policies should be more scientific. In particular, scientists should emphasize that their modeling output is not the result of magic: computer models are human-made. What comes out is fully dependent on what theoreticians and programmers have put in: hypotheses, assumptions, relationships, parameterizations, stability constraints, etc. Unfortunately, in mainstream climate science most of this input is undeclared.
To believe the outcome of a climate model is to believe what the model makers have put in. This is precisely the problem of today’s climate discussion to which climate models are central. Climate science has degenerated into a discussion based on beliefs, not on sound self-critical science. We should free ourselves from the naïve belief in immature climate models. In future, climate research must give significantly more emphasis to empirical science.”
Climate science currently starts with a preconceived notion that leads to biased, untrustworthy studies, which are often funded by those with special interests. Climate experts have convinced the world that CO2 is a pollutant when it is essential to all life. They have also lied to us and claimed that natural disasters are somehow created by man when there is zero supporting evidence. Climate has varied on a cyclical basis, with the most recent Little Ice Age ending in 1850. We are experiencing nature’s cyclical pattern of warming and there is no case for alarm.”
We MUST question why governments across the world are fighting tooth and nail to eliminate fossil fuels and our way of life as we know it. Why are we following the World Economic Forum’s 2030 agenda to save a planet that does not need saving? Why are we allowing our elected officials to spend endless funds on an imaginary cause? Everything has a cycle, including the weather. So while the climate may be changing, there is absolutely nothing humans can do to alter the course of nature, and those stating otherwise are lying.
All we hear is the same claims that the dollar is dead and it will be totally worthless any day now. Over the last few weeks, all we hear from the majority now is that the dollar is finished. Virtually every page you turn or site you visit claims the death of the dollar. They are calling this the de-dollarization of the world economy and that the future of the US dollar as well as the American empire itself is now collapsing. The general claim is that the group of economically-aligned nations known collectively as BRICS is a major threat to the greenback. That was the same story we heard about the Euro back in 1997.
As their scenario goes, the BRICS [Brazil, Russia, India, China, and South Africa] have moved to form an anti-dollar colation and Saudi Arabia is considering jumping on board. They insist that once that happens, the “petrodollar” will die and cease to be a reserve currency.
This is then followed by the forecast that the economy will suffer and that any bounce in exports will be short-lived simply because the dollar will be dead for the long term. Of course, this has been the favorite forecast that they keep putting out since Bretton Woods collapsed. They were wrong back then for the dollar rose between 1972 and 1976 against the British pound, with the collapse of Bretton Woods. To try to explain why the dollar did not collapse, that is when they claimed that the dollar was backed now by oil rather than gold. That was just an excuse as always to cover up their wrong forecast.
They sold that story to Newsweek and now the dollar rally was because of oil which replace gold. Suddenly the dollar became de facto backed by oil. They needed an explanation to explain why all the old theories were wrong. They sold this theory and it made the front cover of Newsweek. Everyone said YES! That must be the reason. OPEC priced oil in dollars! Naturally, everything was priced in dollars because, under the fixed exchange rate of Bretton Woods, everything from wheat and corn to copper and gold was all priced in dollars.
Now they are saying the American empire is threatened by the potential commercial real estate collapse and the BRICS anti-dollar venture. So they are forecasting a great depression-style crash is possible in the not-too-distant future. They spin this to forecast the end of the America Empire. The London FT, always anti-American/Pro WEF, reports that the dollar as a reserve currency has declined from 73% in 2001 to around 55% by 2021. Yet the FT did state an obvious fact:
“But if you are a reserve-rich central bank elsewhere that isn’t going to be a lot of comfort. Moreover, would you really feel more comfortable in, say, the renminbi? Even if it was fully convertible and liquid, would you honestly feel more sure that Beijing will behave lawfully than DC? The dollar still looks like the proverbial least dirty shirt in the closet.”
COVID actually has played a major role in shifting the world economy. In 2020, the US economy was 24.75% of the world’s GDP. By the start of 2022, it had fallen marginally to 24.15%. What these dollar-forecasting jockeys do not understand, is that if they were correct and the dollar collapsed, then the very BRICS would collapse even further. Economically speaking, when the United States gets a head cold, the rest of the world catches ammonia. You can’t have it both ways. The strength of the dollar is not gold or oil, it is the American consumer.
The risk to the entire world is runaway inflation thanks to Biden pouring untold amounts of money into the black hole known as Ukraine. The Neocons, who control Biden, are planning to launch a war against Russia and China before 2024. This will only continue to accelerate inflation. That reduces the spending power of the American consumer and in the process, the US economic growth declines in real terms and with it, the rest of the world plunges into recession.
While Macron has figured it out that the Neocons are in charge of US foreign policy and he is telling Europe to stop being the puppet of the USA, that all sounds nice but Europe is marching into war with Russia. NATO is firmly in control of the American Neocons and they need war or face losing power. With Trump in the lead, they must stop him at all costs for he is anti-war, would haul the Neocons out by the necks, and defund NATO, as well as stop the climate change agenda.
The US dollar in the global economy has been supported by the size and strength of the US consumer-based economy. Its stability and openness to trade and capital flows without restrictions and it has never been canceled, are the major foundation of the dollar in addition to strong property rights and the rule of law. That is why Russians and Chinese buy US property for they are secure in their ownership of US property which cannot always be guaranteed outside the US.
Consequently, the depth and liquidity of US financial markets remain unmatched. For institutions parking billions, the United States represents a large supply of extremely safe dollar-denominated assets. Are they really going to switch to China or buy debt from Brazil? Not a single institutional client will take that bait.
China has been divesting of dollar reserves because it KNOWS that the American Neocons want war. You do not fund your adversary who intends to wage war against you. China cannot shift reserve assets to Europe or Japan. They have been buying gold because it is geopolitically neutral territory. They are NOT buying gold as an investor thinking it will rally. That is irrelevant. If gold drops 25%, that does not translate into them becoming a seller.
The dollar in international reserves stood at 60+% at the start of 2022 against the US share of GDP at 24.25%. This comparison belittles the argument that the dollar is finished. Eventually, the US will lose the wars it is starting and the dollar will be replaced perhaps as soon as 2028. The IMF is already licking its lips and rubbing its hands together eager to get control of the reserve currency. But they too will collapse. We have a Directional Change next year and a Panic Cycle in 2025. So buckle up.!
Remember one thing, even with the debasement and collapse of the Roman Denarius between 260AD and 268AD, it still took 224 years for Rome to completely collapse. When war breaks out, capital flight will still be to the dollar. It will not be to public assets, but private. The United States is still supporting the entire world economy. The BRICS need the US consumer to keep their economies functioning. All this talk of the dollar being finished is really nonsense. That day will come, but when the US consumer no longer buys.
Remember 1997? The Euro was going to dethrone the dollar. They claimed the new EU will be a bigger economy than the US. The problem was, they lacked a consumer economy, and low taxes, and they routinely canceled their currency to force people to pay taxes. It is always the same story over and over again.
Posted originally on the CTH on April 3, 2023 | Sundance
According to inside media sources, Saudi Arabia was under the impression the Biden administration was going to begin refilling the U.S. Strategic Petroleum Reserve two months ago. However, the Biden administration made no efforts to do that. As a consequence, Saudi Arabia and OPEC+ which includes Russia, decided to cut production in line with diminished global energy needs as a result of a slower global economy. {Background Here}
Tucker Carlson outlines the ramifications of increased oil costs on the American electorate {Direct Rumble Link} while his guest Brian Brenberg from Fox Business News, accurately points out that Joe Biden wants to keep energy prices high to support his climate change policy initiatives. WATCH:
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