Of course, the Goldbugs always misinterpret a rally in gold. The buying coming from China is in preparation for war – not bullish gold for the sake of gold. I have warned that if war was coming, then you will see China start to sell off US Treasuries. You certainly do not fund your adversary’s war against yourself.
China was buying aggressively during January, but they have backed off slightly. January was simply the standard 3-month reaction. The strong gold buying from China corresponded to China’s accelerated selling of U.S. Treasuries.
China is not buying gold because they think it will rally. It is perfectly fine if the price declines and just consolidates. They know war is coming and they can no longer maintain their reserves in dollars, euros, or yen no less than anyone else in the West – it all must go! Gold offers a non-political affiliation – neutrality. This is not buying gold as if it were an investment. We have completely different motives going on. Our own model warns that by 2032, there will be no United States acting as the reserve currency. The Biden Administration has done everything perfectly to destroy the world economy and the sad part about it, these morons do not even understand what they have done.
Tony, a reader, sent in a question. Message: “Mr. Armstrong what do you make of attorney general Merrick Garland’s recent approval to seize all of Russia’s assets that had been frozen in the United States to be given to the Ukraine?” Garland is violating every principle of international law. Denying Due Process of Law which comes from the Bible. When Cain killed Abel, God summoned him and gave him an opportunity to be heard, despite the fact he knew what he did. That is Due Process of Law – the right to be heard. What Garland is doing is outright unconstitutional and it is Treason to the foundation of every principle upon which this nation was founded.
The right to be heard resides in both the Sixth Amendment as well as the Fourteenth Amendment. A right to hearing entails that an individual maintains and be afforded the legal right to be heard in the venue of a court of law with adequate due process attached. Garland has shown he is violating the Civil Rights Act and is unworthy of holding any office whatsoever. If he were not in charge of the Department of Justice, he would be criminally prosecuted under 18 U.S.C. § 241.
18 U.S.C. § 241
Section 241 makes it unlawful for two or more persons to agree to injure, threaten, or intimidate a person in the United States in the free exercise or enjoyment of any right or privilege secured by the Constitution or laws of the United States or because of his or her having exercised such a right.
You cannot take anyone’s assets without Due Process of Law – PERIOD!
The confiscation of Russian assets is a clear violation of international law. They are including money confiscated from individuals as well. The destruction of NordStream was an act of economic warfare. These are acts that demonstrate what I have been saying – this is a war to DESTROY Russia. That is why Zelensky has instructed no peace negotiations. This has been planned for the fake Minsk Agreement. The West wanted to conquer Russia and they are prepared to see every Ukrainian die to weaken Russia so they will then send in Poland with tanks to conquer Moscow.
We are the aggressor. This is a Climate Change War and the end goal is a New World Order with one government. The current monetary system is collapsing. I believe Schwab’s Great Reset is our 2032. He knows our model. He realizes it is all collapsing. He is out to push it in his direction when the tree of liberty falls.
The current administration of the United States is out of control. It is destroying everything that we have worked for generations since World War II and it now even supports the nazis we once fought against.
Posted originally on the conservative Tree house on February 8, 2023 | Sundance
Sundance is that quietly salty cuss who prefers to swing the sharp machete alone amid the deep weeds; clearing the path simply for the sake of creating clarity and larger understanding about the topography of the stuff the professional political class would prefer to keep hidden in the weeds. At times, he settles himself atop the bluff, opens his lunchbox and thermos to eat a simple sandwich, shirt sleeves will suffice as a napkin, while looking at the flow coming into the clearing…
Amid this era of insufferable pretending, our dear and rebellious non-pretending CTH friend, the Great Lou Dobbs, is a voice to cherish – he gets it. There is a wisdom that comes with age and experience battling against the Machiavellian schemes of the professional political class; it also can make you quick-tempered, and that’s ok. Hell, it’s to be expected.
In this brief video segment {Direct Rumble Link}, Lou Dobbs cuts to the chase when analyzing the Republican party rebuttal to the Joe Biden state of the union speech. Arkansas Governor Sarah Huckabee-Sanders delivered the remarks, they were poignant deliberate and accurate; however, they were also party managed, and party approved.
Just as Lou Dobbs has accurately and presciently called the Wall Street play-by-play for decades, amid the multinational schemes of the U.S. Chamber of Commerce & Business Roundtable, Mr Dobbs accurately notes the Republican Governor’s Association (RGA) as the originating approvers for the prepared rebuttal. WATCH:
The Great Lou Dobbs is 100% correct.
The approved GOPe script, a construct of multinational financial influence and background motive, was/is intended to write President Donald Trump out of the Republican political framework. Governor Huckabee-Sanders went along with the plan. She, along with all of the non-pretenders, knows this, as all of them do. It is a sad acceptance to realize just how metastasized the political cancer has become, and how few can hold firm against the power of the corrupt political apparatus.
As I said last night, Huckabee-Sanders points about the damage from the Biden administration were accurate and well delivered.
That said, her acquiescence to the machinery of the professional republican system is both disheartening and pathetic.
Oh sure, she will backtrack sometime soon, filled with artificial pearl-clutching prose and promises of mistaken intent…. that’s the way it rolls. But once you see the strings attached to the marionettes you can never unsee them. Authenticity, trust and integrity are lost in sunlight moments when decisions are made.
CTH noted several weeks ago that based on the background moves in advance of Ron DeSantis’s reelection efforts, it became increasingly clear the Republican Governor’s Association (RGA) was going to play a bigger role in 2024 in full alignment with the GOP establishment.
In some ways the leveraging of the RGA is the difference between the Big Club’s 2016 (Jeb!) effort, and the 2024 (Ron!) effort. It was obvious in 2022 with the amount of money the RGA poured into the FL governor’s coffers, a reelection race with a consistent double point lead, the RGA was not doing it for the 2022 reelection – they were building the DeSantis war chest for 2024.
The DeSantis management and branding group are in alignment with, and in close coordination with, the RGA.
At CTH we accept things as they are, not as we would wish them to be.
The Big Club is fooling many, but not here, not now and not today – or ever.
Once you see the strings on the marionettes, you can never return to that moment in the performance when you did not see them.
There are far more of us than them, and once people realize the scale of the duplicity and professional Republican corruption, the backlash against this Big Club branding and management team -together with their “influencers” and willing conscripts- is going to leave a lot of “conservative pundits” very isolated, alone and irrelevant.
Posted originally on the CTH on February 2, 2023 | Sundance
This is so critically important to the understanding of the core, central element where the globalism atom splits and the resulting destruction begins, that I must pause all personal recovery efforts -immediately- and explain. This is an incredible example of where corporations and government merge. This is the atom split. This is the root, the nub, the place where “trillions at stake” takes context.
Strong HatTip to Gateway Pundit for this exceptional video and example {Direct Rumble Link Here}. The understanding comes via a Canadian dairy farmer, who, like thousands of other farmers around the world, is a private business under government control. This example is about dairy, specifically milk, however, the underlying premise goes much further.
This is modern corporatism, the nexus of govt intervention, regulations and the multinational exploitation of industry. This is also the globalist example that shows how the concepts of “capitalism” and “free markets” have been destroyed. First, watch the video:
What you are witnessing in that video is something we have talked about at length for years.
Influential people, politicians (rules) and corporate leaders (profits), both with vested financial interests in the process, have sold a narrative that global manufacturing, global sourcing, and global production is the inherent way of the future. The same voices claimed the American economy was/is consigned to become a “service-driven economy.”
What was always missed in these discussions is that advocates selling this global-economy message have a vested financial and ideological interest in convincing the information consumer it is all just a natural outcome of economic progress.
It’s not.
It’s not natural at all. It is a process that is entirely controlled, promoted and utilized by large conglomerates, lobbyists, purchased politicians and massive multinational corporations.
To understand who opposes President Trump, Jair Bolsonaro, or any economic nationalist, specifically because of the economic leverage against multinational corporations their policy creates, it becomes important to understand the objectives of the global and financial elite who run and operate the institutions. The Big Club.
Understanding how trillions of trade dollars influence geopolitical policy we begin to understand the three-decade global financial construct they seek to protect. That is, global financial exploitation of national markets.
FOUR BASIC ELEMENTS:
♦Multinational corporations purchase controlling interests in various national outputs (harvests and raw materials), and ancillary industries, of developed industrial western nations. {example}
♦The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks. (*note* in China it is the communist government underwriting the purchase)
♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
♦With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
For three decades economic “globalism” has advanced, quickly. Everyone accepts this statement, yet few actually stop to ask who and what are behind this – and why?
Every element of global economic trade is controlled and exploited by massive institutions, multinational banks and multinational corporations.
Institutions like the World Trade Organization (WTO), World Bank and International Monetary Fund (IMF), control trillions of dollars in economic activity. Underneath that economic activity there are people who hold the reins of power over the outcomes. These individuals and groups are the stakeholders in direct opposition to principles of America-First national economics.
The modern financial constructs of these entities have been established over the course of the past three decades. When you understand how they manipulate the economic system of individual nations you begin to understand why they are so fundamentally opposed to President Trump.
In the Western World, separate from communist control perspectives (ie. China), “Global markets” are a modern myth; nothing more than a talking point meant to keep people satiated with sound bites they might find familiar; but the truth is ‘global markets’ have been destroyed over the past three decades by multinational corporations who control the products formerly contained within global markets. This is the function of the World Economic Forum.
The same is true for “Commodities Markets.” The multinational trade and economic system, run by corporations and multinational banks, now controls the product outputs of independent nations. The free market economic system has been usurped by entities who create what is best described as ‘controlled markets’.
Bulletpoint #1:♦ Multinational corporations purchase controlling interests in various national elements of developed industrial western nations.
This is perhaps the most challenging to understand. In essence, thanks specifically to the way the World Trade Organization (WTO) was established in 1995, national companies expanded their influence into multiple nations, across a myriad of industries and economic sectors (energy, agriculture, raw earth minerals, etc.).
This is the basic underpinning of national companies becoming multinational corporations.
Think of these multinational corporations as global entities now powerful enough to reach into multiple nations -simultaneously- and purchase controlling interests in a single economic commodity.
A historic reference point might be the original multinational enterprise, energy via oil production. (Exxon, Mobil, BP, etc.)
However, in the modern global world, it’s not just oil; the resource and product procurement extend to virtually every possible commodity and industry. From the very visible (wheat/corn) to the obscure (small minerals, and even flowers).
Bulletpoint #2 ♦ The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.
During the past several decades national companies merged. The largest lemon producer company in Brazil, merges with the largest lemon company in Mexico, merges with the largest lemon company in Argentina, merges with the largest lemon company in the U.S., etc. etc. National companies, formerly of one nation, become “continental” companies with control over an entire continent of nations.
…. or it could be over several continents or even the entire world market of Lemon/Widget production. These are now multinational corporations. They hold interests in specific segments (this example lemons) across a broad variety of individual nations.
National laws on Monopoly building are not the same in all nations. Most are not as structured as the U.S.A or other more developed nations (with more laws). During the acquisition phase, when encountering a highly developed nation with monopoly laws, the process of an umbrella corporation might be needed to purchase the targeted interests within a specific nation. The example of Monsanto applies here.
Bulletpoint #3 ♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
In underdeveloped countries the process of buying a political outcome is called bribery. Within the United States we call it lobbying. The process is exactly the same.
With control of the majority of actual lemons the multinational corporation now holds a different set of financial values than a local farmer or national market. This is why commodities exchanges are essentially dead. In the aggregate the mercantile exchange is no longer a free or supply-based market; it is now a controlled market exploited by mega-sized multinational corporations.
Instead of the traditional ‘supply/demand’ equation determining prices, the corporations look to see what nations can afford what prices. The supply of the controlled product is then distributed to the country according to their ability to afford the price. This is essentially the bastardized and politicized function of the World Trade Organization (WTO). This is also how the corporations controlling WTO policy maximize profits.
Back to the lemons. A corporation might hold the rights to the majority of the lemon production in Brazil, Argentina and California/Florida. The price the U.S. consumer pays for the lemons is directed by the amount of inventory (distribution) the controlling corporation allows in the U.S.
If the U.S. lemon harvest is abundant, the controlling interests will export the product to keep the U.S. consumer spending at peak or optimal price. A U.S. customer might pay $2 for a lemon, a Mexican customer might pay .50¢, and a Canadian $1.25.
The bottom line issue is the national supply (in this example ‘harvest/yield’) is not driving the national price because the supply is now controlled by massive multinational corporations.
The mistake people often make is calling this a “global commodity” process. In the modern era this “global commodity” phrase is particularly nonsense.
A true global commodity is a process of individual nations harvesting/creating a similar product and bringing that product to a global market. Individual nations each independently engaged in creating a similar product.
Under modern globalism this process no longer takes place. It’s a complete fraud. Massive multinational corporations control the majority of production inside each nation and therefore control the global product market and price. It is a controlled system.
EXAMPLE: Part of the lobbying in the food industry is to advocate for the expansion of U.S. taxpayer benefits to underwrite the costs of the domestic food products they control. By lobbying DC these multinational corporations get congress and policy-makers to expand the basis of who can use EBT and SNAP benefits (state reimbursement rates).
Expanding the federal subsidy for food purchases is part of the corporate profit dynamic.
With increased taxpayer subsidies, the food price controllers can charge more domestically and export more of the product internationally. Taxes, via subsidies, go into their profit margins. The corporations then use a portion of those enhanced profits in contributions to the politicians. It’s a circle of money.
In highly developed nations this multinational corporate process requires the corporation to purchase the domestic political process (as above) with individual nations allowing the exploitation in varying degrees. As such, the corporate lobbyists pay hundreds of millions to politicians for changes in policies and regulations; one sector, one product, or one industry at a time.
These are specialized lobbyists.
EXAMPLE: The Committee on Foreign Investment in the United States (CFIUS)
CFIUS is an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign person (“covered transactions”), in order to determine the effect of such transactions on the national security of the United States.
CFIUS operates pursuant to section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007 (FINSA) (section 721) and as implemented by Executive Order 11858, as amended, and regulations at 31 C.F.R. Part 800.
The CFIUS process has been the subject of significant reforms over the past several years. These include numerous improvements in internal CFIUS procedures, enactment of FINSA in July 2007, amendment of Executive Order 11858 in January 2008, revision of the CFIUS regulations in November 2008, and publication of guidance on CFIUS’s national security considerations in December 2008 (more)
Bulletpoint #4 ♦ With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
The process of charging the U.S. consumer more for a product, that under normal national market conditions would cost less, is a process called exfiltration of wealth. This is the basic premise, the cornerstone, behind the catchphrase ‘globalism‘.
It is never discussed.
To control the market price some contracted product may even be secured and shipped with the intent to allow it to sit idle (or rot). This is where the dumping of the milk comes into play. None of this is a market driven outcome. All of this is being controlled by guiding hands of politicians, rule makers, and the partnership with the private sector corporations.
It’s all about controlling the price and maximizing the profit equation. We are discussing food and agricultural production, but the issue (the process of control) covers far more than just food, farming and Ag in general. It’s everything folks. Everything.
To gain the same $1 profit a widget multinational might have to sell 20 widgets in El-Salvador (.25¢ each), or two widgets in the U.S. ($2.50/each).
Think of the process like the historic reference of OPEC (Organization of Petroleum Exporting Countries). Only in the modern era massive corporations are playing the role of OPEC and it’s not oil being controlled, thanks to the WTO it’s almost everything.
Again, this is highlighted in the example of taxpayers subsidizing the food sector (EBT, SNAP etc.), the multinational corporations can charge domestic U.S. consumers more.
Ex. more beef is exported, red meat prices remain high at the grocery store, but subsidized U.S. consumers can better afford the high prices.
Of course, if you are not receiving food payment assistance (middle-class) you can’t eat the steaks because you can’t afford them. (Not accidentally, it’s the same scheme in the ObamaCare healthcare system)
Agriculturally, multinational corporate Monsanto says: ‘all your harvests are belong to us‘. Contract with us, or you lose because we can control the market price of your end product.
The downside is that once you sign that contract, you agree to terms that are entirely created by the financial interests of the larger corporation, not your farm. Additionally, the rule makers (govt), are working hand in glove with the corporations who control the outcome.
The multinational agriculture lobby is massive. We willingly feed the world as part of the system; but you as a grocery customer pay more per unit at the grocery store because domestic supply no longer determines domestic price.
Within the agriculture community the (feed-the-world) production export factor also drives the need for labor. Labor is a cost. The multinational corps have a vested interest in low labor costs. Ergo, open border policies. (ie. willingly purchased republicans not supporting border wall etc.).
This corrupt economic manipulation/exploitation applies over multiple sectors, and even in the sub-sector of an industry like steel. China/India purchases the raw material, coking coal, then sells the finished good (rolled steel) back to the global market at a discount. Or it could be rubber, or concrete, or plastic, or frozen chicken parts etc.
The ‘America First’ Trump-Trade Doctrine upsets the entire construct of this multinational export/control dynamic. Team Trump focus exclusively on bilateral trade deals, with specific trade agreements targeted toward individual nations (not national corporations).
‘America-First’ is also specific policy at a granular product level looking out for the national interests of the United States, U.S. workers, U.S. companies and U.S. consumers.
Under President Trump’s Trade positions, balanced and fair trade with strong regulatory control over national assets, exfiltration of U.S. national wealth is essentially stopped.
This puts many current multinational corporations, globalists who previously took a stake-hold in the U.S. economy with intention to export the wealth, in a position of holding contracted interest of an asset they can no longer exploit.
Perhaps now we understand better how massive multi-billion multinational corporations and institutions are aligned against President Trump. In essence, Donald Trump is the anti-WEF weapon of the American people.
They will even organize a western corporate war against Russia to stop anyone from blocking their financial goals.
QUESTION: Hi AE…so gov’t “money” (fiat currency) will become just some abstract floating measurement of value, an electronic entry in an electronic account in the cybersphere. As these various so-called gov’ts become less reliable, even between themselves, do you see the possibility of them simply skipping their phony currencies, & trading directly in gold. Russia could ship a specific quantity of crude to China, for a specific amount of gold bars. Your argument about the impracticality of a gold-backed currency makes sense, but what about large transactions being settled in gold?
HS
ANSWER: The entire problem that people do not grasp with regard to any return to a gold standard is that if the money supply is FIXED in any way, that necessitates the collapse of SOCIALISM. The two are directly linked. Politicians only know how to run with deficits. Vote for me and I will give you this or that!
The Bretton Woods gold standard collapsed because they FIXED the price of gold at $35, but they continued to print money far beyond the supply of gold at that fixed price. In addition, you have a business cycle. There will be times when no matter what the money might be, there will be boom times when the value of money declines and the asset values rise.
This argument over gold v fiat is absolutely just nonsense. The wealth of any nation is the productive capacity of its people. For centuries, the business cycle has existed and that is the entire cause for the “inflation” in assets when money declines in value, and then the “deflation” in assets with the value of money rises. Arguing over what we use for money will NEVER stop the business cycle.
The cycle is also in part driven by all governments. It becomes a drug of power that is abused. It would not matter what we use for money right now, they want to create World War III so they can default, and escape from the abuse of this Marxism that they have turned into a system of borrowing every year with no intention of paying anything back. But we have reached the confrontation between Keynesianism where central banks are expected to prevent inflation by rising interest rates, but that has no impact on the government which has become the biggest borrower in the system.
We are going BUST not because of the money we use, but because of the abuse of power in government which has always existed since ancient times.
Trust me. Forget gold standards. They will never work because all governments act only in their own self-interest. You should have learned that with COVID. They will never admit any mistake EVER! It is far better to keep gold on our side of the table and we can then use it as a hedge against governments. They are seeking to move to digital currencies ONLY so they can track when you hired the 16-year-old girl next door to babysit for you so they can go after her for the government’s 50% share.
Even Bitcoin is fiat. There is no backing. People have dived headfirst into cryptocurrency on the entire proposition that they are limited. All they have done is proven my point. Money, historically, has been everything from seashells and cattle to bronze, silver, and gold. Of all the various forms of money, only bronze and cattle had any real commodity value based on utility.
The Egyptians really invented paper money for the farmers would deposit their grain and receive a receipt which was a bearer instrument used in trade. They also used raw metal, not coins, and traded based on weight, as it stated in the Bible. Here is a piece of pottery from Egypt recording a complaint about taxes written in Greek. It stated the sum amounted to a total of 90 talents of silver with 15 talents of tax on the transfer of land – 16.6%.
For thousands of years, Egypt had no coins until it was conquered by Alexander the Great, and upon his death, his general Ptolemy I (305/304 – 282 BC) took the throne and it was his Greek line from which Cleopatra VIII came – not Egyptian.
Our system is starting to implode. Never in the history of human civilization have governments demanded taxes on income requiring reporting every year. This was the gift of Karl Marx. Just as this Egyptian tax on the transfer of land, we see that property taxes and a form of sales tax were the norms.
The American Constitution was intended to give thenational government greater power to raise revenue because the previous Articles of Confederation had been a fiscal disaster. Nevertheless, most people remained fearful of taxation by governments. Indirect taxes were to be the way to secure our liberty from tyrannical governments. It was generally understood that indirect taxes meant taxes on consumption like a retail sales tax and/or excise taxes on imports. It was believed that indirect taxes did not lend themselves to abuse by tyrannical governments. Consequently, the general belief was that “direct taxes” has to be taken off the table. Incomes taxes, throwing out the window of all the wisdom of the ages, were imposed by the new age of Marxism in 1913.
Our computer warns that 2025 will be the turning point in Marxism.
The Federal Reserve raised the benchmark by 25 bps, as expected. The Fed fully understands that the manipulation of the CPI is a necessary aspect both for containing government benefits and understating inflation also results in high tax revenues. The market loves hope, and as a result, they focused on the warning that we’ll be in restrictive territory for just a bit longer. Most still believe that there will be a slowdown in inflation just ahead.
The Fed’s cautionary commentary saying that the “disinflation process” has started triggered shares to jump ending up 1%. This shows how insane the analysis had become that they cheer a recession and think that lower interest rates are bullish for the stock market. Obviously, they just listen to the talking heads on TV and have never bothered to look at reality. When interest rates decline, so has the stock market. Interest rates rose for the entire Trump Rally, and they crashed during the Great Recession of 2007-2009. For the life of me, I just shake my head when the talking heads cheer lower rates and spread doom and gloom with higher rates.
Gallup has just confirmed what our computer has been forecasting especially since 2011. The majority of Americans now say that a lack of leadership from President Biden and Congress is the country’s biggest problem and that means the entire world. Perhaps aliens should have a right to vote for the decisions of the Biden Administration are destroying lives around the world.
The Gallup Poll shows that it is the collapse of confidence in a government that is now viewed as the greatest threat even more so than inflation, the immigration crisis, and the state of the economy. Despite Americans suffering economically with higher taxes and inflation reducing the standard of living, they have cited that “the government/poor leadership” is now in the No. 1 spot taking that place from inflation over the past year. Gallup has reported that 21% of Americans name our incompetent government as the “most important problem facing this country today” compared to the 15% who said so last year, a Gallup Poll found.
Inflation and the economy came in last year as the top two issues — tied at 16% each — followed by the government (15%), immigration (8%), and unifying the country (6%). However, over the past year, Americans’ concerns with the economy fell 6% to 10%, with inflation falling one point to 15%, and immigration rose 3 points to 11%.
Just wait until they realize that the Biden Administration is so incompetent, it has allowed the Neocons to wage World War III on two fronts – China and Russia. These people will destroy Western Civilization and that is what 2032 is all about.
Fox Business is reporting that economic conditions are much worse than you are being told. Unfortunately, this is the conclusion when you have ZERO understanding of the historical trends and economic conditions. It is true that the shortages of COVID have caused prices to rise faster than economic growth and most incomes. Therefore, they conclude that our standard of living has been rapidly declining. The number reveals that more than one-third of all U.S. young adults are being supported in part by their parents. Thanks to COVID, this disrupted society far greater than anyone is reporting. In addition to the shortages because of the lockdowns, by the end of 2020, more than half of young adults in America were living with one or both parents. That statistic actually exceeded the record high of the Great Depression.
Here is the worst part of this analysis. Many are jumping on the bandwagon claiming that the decline in real disposable income has been the largest since 1932 and therefore, this is a warning sign of a Great Depression is coming. They seem to be focused on the fact that the GDP report showed a significant decline in real disposable income, which fell over $1 trillion in 2022. Now let’s look closer!
First of all, the entire reason why unemployment rise to 25% during the latter part of the Great Depression was the Dust Bowl. Why? At that time, about 40% of the civil workforce was still agrarian. The Dust Bowl meant job loss. If you could not even plant crops, there was no need for people to pick crops.
Service during the Great Depression accounted for 17% of the workforce compared to 44%+ today. Government, federal, state, and local, was 22% of the civil workforce during the Great Depression compared to 33% by 1980. Things have continued to evolve and by 2019, services represent 79.41%. Agriculture is now a tiny fraction of what it once was – 1.41%.
In the USA, at the state level, their share of the civil workforce varies greatly. Florida is at about 11.3% compared to New Mexico which is 22.5% – a government employee’s paradise. The lowest is Michigan at 10.1%.
During the Great Depression, the entire reason for the collapse in disposable income was the collapse in agriculture which created a collapse in income due to massive unemployment. That is totally different from the crisis we have today.
Here we have rising prices due to shortages and then central banks raising interest rates in a fool’s quest to stop inflation when it is not based on speculation. Moreover, the biggest borrower is the government, and rising interest rates will only increase their exposure to keep rolling over the debt. Therefore, governments have been borrowing year after year. What happens when the public no longer buys their debt? Real disposable income has been collapsing for completely different reasons since 1932. Here we have the costs of everything rising and then these people want war with Russia and China. Every war since the start of recorded history has resulted in inflation. Add to this, the total insanity of trying to end climate change by outlawing fossil fuels at a time when the climate is prone to getting colder.
We are already witnessing riots around the world BECAUSE of inflation. During the Great Depression, people were suffering from DEFLATION. So comparing just that statistic of a decline in personal income and projecting we now face a Great Depression, does not even qualify to be classified as analysis. That is no different from someone warning that carrots must be lethal because everyone who has ever eaten a carrot has obviously died.
Evidence is surfacing that the military was engaged in domestic surveillance in Britain as well as Canada of anyone who was a critic of the COVID lockdowns. It is very clear that there was no historic precedent whatsoever for locking down all of society for a virus that was not even lethal beyond the normal flu virus. All the data coming out on the fatalities and injuries surrounding the vaccines is another issue altogether.
There, the conspiracy theories have suggested that Pfizer has been behind a plot to actually reduce the population which has been a pet project of Bill Gates. It certainly does not do well for society as a whole when our fearless leaders hand absolute immunity to Pfizer to actually kill or maim as many people as they desire all because they did not take the time to really test their vaccines. I choose not to be vaccinated simply because once the government got involved by mandating, there was something seriously wrong and I have spent enough time behind the curtain I know politicians earn a couple hundred grand a year but manage to retire as multi-millionaires. Once the government gets involved, never trust anything. They do not prosecute themselves.
As far as the surveillance is concerned, they have no doubt assembled lists of those of us who resist the tyrannical decrees of the government. Those who resist being mindless drones are a threat to the survivability of the government. Hence, the lockdowns were a perfect way to sort out those who have a brain, and others who are just gullible and think the government is the adult version of Santa Claus. We are all on some secret list, that much we can count on. It has never been a Government of the People, but a Government Against the People as history has always shown for 6,000 years. It’s just all part of 2032.
For the life of me, there is absolutely no logic to any of this attack on Russia except the desire to conquer and destroy it as any sort of a superpower or independent nation-state. Every President always sought peace until Biden who seems to be reading the cur cards for Armageddon. Even Henry Kissinger said every president has invited him to the White House EXCEPT Biden.
Even if we assume that the sanctions worked and forced Putin to withdraw from protecting the Russians in the Donbas whom the West had all agreed were entitled to their human rights and self-determination with the fake Minsk Agreement, what would happen in the political crisis in Russia? We confiscated all Japanese assets, put energy embargoes on them, and threaten to prevent them from dealing with any other country for energy. Roosevelt did everything he could to get Japan to attack Pearl Harbor. Biden has done the same to Russia.
The risk of overthrowing Putin would lead to a potential civil war and the further breakup of Russia with more nukes than the West. Of the 14,500 nuclear weapons on the planet, Russia and the United States own the lion’s share, with a combined total of approximately 13,350 nukes. The remaining 1,150 weapons are held by seven countries. The USA has 6,500 nukes and Russia has 6,800. Destabilizing Russia is just insane. Russia will wipe out Europe in the blink of an eye if pushed and they now know that this Ukraine bullshit is really a war of the USA and NATO against Russia and we are the aggressors.
I can say that US troops have been told that we will be at war with China by next year.
All my sources are saying that the Biden Administration is DOMINATED by inexperienced climate zealots who are demanding we have no time to wait and we MUST end fossil fuels NOW before there are any alternatives in place. They are the ones pushing to destroy Russia which is embraced by the Neocons, all because the majority of their GDP is all fossil fuels.
The sanctions now are imposed by the European Union and will ban imports of refined Russian fuels on February 5th, 2023, adding to its embargo on seaborne Russian crude oil that began in December. The EU is putting its entire future and the lives of ALL its population at risk for the Donbas which has been occupied by Russians for centuries and two former Russian leaders came from that region. It was Khrushchev who drew the border within the USSR purely for administrative purposes. That region was never occupied by Ukrainians.
There is no difference if Mexico had demanded Texas and everyone who lives there must surrender their language and their religion to fit the norm of being Mexican. Then Texans have no right to vote on their future. The entire Minsk Agreement has been a joke. It was a deliberate ploy to buy time for war. This has now confirmed to both China and Russia that the United States and Europe cannot be trusted. Treaties mean absolutely nothing! this stupid ploy has opened the door for World War III because there is no point negotiating with the EU, Germany, France, or the United States when they will not HONOR their agreements. That means there can be no resolution!
That leaves only All Out War to the Death
But hey! There will be new business opportunities as well. Just think of the guided tours to show how foolish these mortals have been. There will be plenty of nuked cities to explore. The good news, we will exterminate all the climate change zealots who insisted on destroying Russia. Yet it may be up to us to prevent the politicians from crawling out of their safe underground bunkers to the new light of CO2 free world after they killed off all those nasty trees and plants that need CO2 to survive. They say the one bug that will survive a nuclear attack is cockroaches. I guess that’s why we are supposed to eat bugs now.
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!
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
Centinel2012 