Category Hyper Inflation

Sep 25 2022

EU Commissioner Threatens Retaliation Against Italy if Italian Voters Elect the Wrong Political Leaders


Posted originally on the conservative tree house on September 24, 2022 | Sundance 

The bizarre part, from the perspective of normal democracy, is the open admission by EU Commissar Ursula von der Leyen that she intends to punish the Italian people if they elect the wrong political leadership to run their country.  Yes, she literally threatened to punish Italy if the voters elect an Italy-first candidate tomorrow.

Having previously sanctioned Hungary and Poland for electing heads of state that are nationalist minded, Ursula von der Leyen warned the Italian people she will take the same action if Italians defy the will of the European Union collective. When asked about EU citizens demanding their elected leaders listen to their specific and unique economic needs, the EU President Stated {Direct Rumble Link}:

“We will see the result of the vote in Italy. If things go in a difficult direction — and I’ve spoken about Hungary and Poland — we have the tools.”

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The remarks come from Commissar von der Leyen because a rising nationalist star in Italy named Giorgia Meloni is anticipated to win victory.  Meloni is an unapologetic nationalist who believes in Italy-first.  As a result, the EU media consider Meloni an ultra-far-right-wing politician.   However, the scale of public support for Meloni has positioned her to become Italy’s first female prime minister in the election tomorrow.

As noted by Treeper Betsy Jones:

“Italy’s elections are on Sunday. The charismatic Georgia Meloni, a nationalist, is set to be Italy’s first female PM.

But unlike most women in the higher eschelons of power in Europe and elsewhere, she is an Italian for Italians, who have been sold out by her predecessors. She is anti Schwab, anti everything that is happening now which will bring devastation upon every man, woman, and child in Europe. She has made this very plain, which is why the Euro “elites” both hate and fear her.

Today Ursula von der Leyen out and out threatened all of Italy and its voters. She said…

“We will see the result of the vote in Italy. If things go in a difficult direction–I’ve spoken about Hungary and Poland– we have the tools.”

And this is the tyrannical EU. Power mad and vicious. Totally unconcerned about the people under its brutal thumb.

One by one it seems individual countries which have been coerced into joining a godless, foul political union, sold to them as a purely economic one, have regained control of their pride and their senses. All their cultures and histories were essentially eradicated in obeisance to their new masters in Strasbourg and the Hague. I believe these peoples want them returned.

I pray for the Italians, the Poles, and the Hungarians…and any other country in continental Europe which makes it clear that they will not be subsumed into misery, economic catastrophe, or death…simply because von der Leyen, Schwab, Sholz and like monsters tell them they must obey.

What at first seemed like a small hole in the WEF dam with the Dutch farmers now seems to be widening, and relatively quickly, too.

Godspeed to those who have said “Enough! No more!” May it herald better times for them. And us.” (link)

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Sep 24 2022

DeSantis Warns About IRS Agents


Armstrong Economics Blog/The Hunt for Taxes Re-Posted Sep 24, 2022 by Martin Armstrong

Sep 24 2022

Mulvaney, Goolsbee and Santelli Finally Discuss Supply Side Energy Driven Inflation and the Disconnect of The Political Federal Reserve


Posted Originally on the conservative tree house on September 23, 2022 | Sundance

Mulvaney, Goolsbee and Santelli Finally Discuss Supply Side Energy Driven Inflation and the Disconnect of The Political Federal Reserve

September 23, 2022 | Sundance | 51 Comments

Finally, a finance and economic discussion that touches on the critical component to inflation that no one dare say, or else they suffer political backlash.  Although Mick Mulvaney, Austin Goolsbee and to a lesser extent, Rick Santelli, had to maintain the acceptable ‘pretending’ approach, parsing words carefully, at least this is one of the first times where the supply side (energy driven) issue of global inflation was discussed.

As the group collectively admitted there is no other option other than a “hard landing” that collapses the economy from the current Fed approach; additionally, Rick Santelli, blasts the relationship between the political central banks and the global leaders who have pressured this dynamic.  WATCH:

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Still pretending, but lessened a little.  Hey, progress.

Sep 23 2022

Interview: The Plot to Seize Russia & Make It a NATO Vassal


Armstrong Economics Blog/Armstrong in the Media Re-Posted Sep 23, 2022 by Martin Armstrong

See above or click here to watch my latest interview with Geopolitics & Empire.

A message from Hrvoje Moric:

“Martin Armstrong discusses his new book based on declassified documents where in the 1990s the West, NATO, and Russian oligarchy plotted to seize Moscow, loot Russia, and takeover its natural resources. Yeltsin turned to Putin who was not a communist and is not an oligarch. The Moscow apartment bombings or propaganda surrounding them being a false flag would likely have come from Boris Berezovsky. The Great Reset is basically a debt default and the EU is a disaster that will fall apart. At this point most of the attack on Russia is related to “climate change” and to shut down fossil fuels.”

Sep 23 2022

Checkbook Economics, Household Expenses Rise $961 Per Month, $11,532/yr, While Incomes Remain Flat


Posted originally on the conservative tree house on September 22, 2022 | Sundance

With most financial media being intentionally obtuse with the Biden economic impact upon Main Street, it is refreshing to see analysis that cuts to the heart of the matter.  HatTip to ZeroHedge who provides a link to a great article outlining reality for blue and white-collar working families.

The folks at NerdWallet have taken the inflation date from the Bureau of Labor and Statistics (BLS) and applied the math to real life.  The result is a good encapsulation of checkbook economics and how the Biden economy is painful for the working class.

In total, Joe Biden’s energy policy driven inflation has added $961/month to preexisting expenses.  That’s $11,532 a year just to retain the status quo standard of living.

(NerdWallet) – […] In all of 2020, American households spent $61,300, on average. This number includes everything we spend our money on: housing, food, entertainment, clothing, transportation and everything else. In 2022, it stands to reach $72,900, a difference of more than $11,500 if consumers want to maintain the same standard of living. Keep in mind, this is an average, a number that represents an approximation across all Americans, but one that’s exact to a very few. Those who earn (and therefore spend) more will see more dramatic dollar increases. Those who earn less may see less dramatic dollar jumps, but the impact of these rising prices could be more significantly felt. (read more)

If the average household spent $61,300 and inflation is adding $11,500 to the expense, that means we now have to spend 18.7% more just to maintain the current standard of living.  That average is in line with what we are seeing in the real world.

Sep 22 2022

KASH PATEL: THE REAL REASON DEM RUN COUNTIES ARE NO LONGER SAFE


The Charlie Kirk Show Published originally on Rumble on September 21, 2022

A very good discussion with a good idea!

Sep 22 2022

Interview WORLD FIRST: The Plot to Seize Russia, War Propaganda, and More


Armstrong Economics Blog/Armstrong in the Media Re-Posted Sep 22, 2022 by Martin Armstrong

Listen to my latest interview with Maria from Zeee Media.

Description from Maria:

World renowned economist Martin Armstrong joins us to break the story of the several-decade long plan to seize Russia, detailing how he has obtained declassified documents from the Clinton Administration, and how he was previously targeted for possessing this knowledge – which he is finally able to release.

Martin takes us through his encounter with an alleged terrorist from 9/11 while he served in prison, who was actually a Pakistani Christian that was framed by the US Government. We also discuss world events, war propaganda, and Martin’s insight into where we are heading.

Sep 22 2022

When Did Illegal Immigration Become a Republican Issue?


Armstrong Economics Blog/Politics Re-Posted Sep 22, 2022 by Martin Armstrong

Securing the border was previously a bipartisan issue. National security, before the age of 9/11, focused on keeping the US borders secure and free from foreign invasion. There is a record number of illegal aliens crossing the US-Mexico border daily under the current Biden Administration, which has no plans to stop this invasion. In fact, they seem to be encouraging it and reframing it as a race or humanity issue.

The video above is from former President Bill Clinton’s 1995 State of the Union speech. Preventing illegal immigrants from crossing into America was on the DNC’s radar back then. It was not considered a racist issue until recently. Clinton states that although America is a nation of immigrants, it is also a nation of laws that must be protected. Under the Biden regime, this speech would be considered extreme right-wing fascism. If I posted only the transcription of this speech, many would think these words came from Trump. For an array of reasons, Bill Clinton would not have lasted long in woke America.

There is no plan to fix the open border. DeSantis and Abbott have attempted to send immigrants to blue states where they support open borders without experiencing the consequences. DeSantis caused a mass meltdown at Martha’s Vineyard when he sent a plane of illegal immigrants there, as the voters claim to be so tolerant. Within hours, the people of Martha’s Vineyard had the National Guard ushering out the undesirables. New York, Chicago, and DC are among the many blue cities that turned away illegal immigrants despite voting favorably for open borders.

The immigration crisis amounts to at least a $20 billion annual loss. Studies show that taxpayers spend $9,232 annually to support open borders. This will have an effect on absolutely everyone, Democrat or Republican, and should not be considered a Republican issue.

Sep 22 2022

Federal Reserve Chair Announces Another 75 Point Rate Hike


Posted originally on the conservative tree house on September 21, 2022 | sundance 

Federal Reserve Chairman Jerome Powell announced another 75-point increase in federal interest rates today. This is the third consecutive 0.75 percentage point increase.  Additionally, Fed policymakers have pledged to continue raising rates as high as 4.6% in 2023.

While Powell walked through his reasoning to continue targeting inflation by lowering consumer demand, not once in any of his remarks did he mention energy policy driving up the cost of materials and goods.  The Great Pretending continues. WATCH:

The Fed chair is trying to manage the economic policy transition by reducing economic activity to match intentionally diminished energy supplies.  Lowering economic activity drops demand for energy. Unfortunately, as admitted by Powell on August 26, 2022, in Jackson Hole, this means a period of “some pain” for Americans as the central banks join together in an effort to lower consumption. 

What does “some pain” mean?  It means lower incomes, higher prices, lowered standards of living and more scarce resources.   During this transition to owning nothing and being happy about it, the pain is your wealth being stripped as the economy is intentionally diminished.

We will not be able to afford much; we won’t be able to afford the foods we want; we will not be able to purchase anything except the essentials, and those essentials will cost much more; we won’t be able to vacation, travel, or enjoy recreational activities; we won’t be able to afford any indulgences; but at the end of the process, we will learn to live more meager existences based on lowered expectations needed for sustaining the planet.   Pay no attention to the elites who don’t have those concerns, comrade.

Sep 21 2022

One-Third of Canadians Worried About Daily Expenses


Armstrong Economics Blog/Canada Re-Posted Sep 21, 2022 by Martin Armstrong

Inflation is hurting everyone. The Financial Wellbeing Index for Summer 2022 by Lifeworks found that 29% of 3,000 respondents said they are concerned they can no longer afford daily life expenses. The measure for overall financial well-being fell to 64%, which is the lowest number recorded since the survey began in the winter of 2021.

Those under 40, who have had less time in the workforce to save, are significantly more troubled and are 75% more likely to report worry over basic life expenses. Parents are 40% more likely to be concerned about covering expenses. Perhaps this is why the government is slowly grabbing workers in a socialistic plot – don’t worry, the government will take care of you!

Half of those who expressed concern said that food prices had made the most notable dent in their wallets, while 35% cited gas costs. Nearly a quarter said they are worried about making good on their mortgage payments.

Inflation in Canada reached 7.6% in July, with core inflation up 6.6%. Inflation fell by 0.6% in August on the monthly level but is still up 7% annually. Government is engulfing the private sector, and long-term growth is not a priority for the Trudeau Administration.