Category WEF Autocracy

Jul 15 2022

Two More Gone, The Prime Minister of Estonia and the Prime Minister of Italy Tender Their Resignations


Posted originally on the conservative tree house on July 14, 2022 | sundance 

British Prime Minister Boris Johnson resigned.  Days later, former Japanese Prime Minister Shinzo Abe was assassinated. A few days passed and both the President and Prime Minister of Sri Lanka, resigned and fled the country.  Today, with their ruling governments in a state of turmoil, Estonian Prime Minister Kaja Kallas and Italian Prime Minister Mario Draghi have both tendered their resignations.

The collapse of each of these national leaders is not necessarily connected; however, the global political system is reverberating with tremors directly connected to the post-pandemic economic turmoil.  It would be naïve not to see these governing issues as consequences.  The legitimacy of the governing class is slipping; perhaps it would be fair to say, some have ‘lost’ their legitimacy altogether.

Estonia is part of the EU and a member of NATO:

HELSINKI — Estonia’s president on Thursday asked Prime Minister Kaja Kallas to form a new government after she tendered the resignation of her one-party minority Cabinet, ending a more than month-long political stalemate in the Baltic nation.

President Alar Karis said in a tweet after meeting with Kallas that “I signed the resignation request of Prime Minister @kajakallas but also asked her to form a new government which could start working quickly and deal with all important issues of Estonian life.”

Estonia’s government crisis culminated in early June as Kallas, leader of the ruling center-right Reform Party, kicked out the left-leaning Center Party from the two-party coalition. The parties had substantial differences over spending and welfare policies amid increasing Estonian household costs because of high inflation. (more)

Italy is a member of the G7, a part of the EU and a member of NATO:

ROME — Italian Premier Mario Draghi offered to step down Thursday after a populist coalition partner refused to vote for a key bill in Parliament, but the nation’s president quickly rebuffed him, leaving one of Western Europe’s main leaders at the helm for now.

The rejection of the tendered resignation left in limbo the future of Draghi’s 17-month-old government, officially known as a national unity coalition, but with its survival sorely tested by increasingly sharp divergences within the coalition.

Draghi’s broad coalition government — which includes parties from the right, the left, the center and the populist 5-Star Movement — was designed to help Italy recover from the coronavirus pandemic. (read more)

The parliamentary coalitions are fracturing.  New alliances are being formed.  One recent example that stunned everyone in the EU was the far-right and far-left in the French parliament joining forces to defeat the coalition government of Emmanuel Macron as he tried, and failed, to extend emergency COVID rules.

FRANCE – It was the first bill in the new legislature, and the Assemblée Nationale has already embarrassed the government. On Tuesday night, the Assemblée rejected one of the key articles in the bill on Covid-19 aimed at extending certain measures for the fight against the pandemic.

During the debate, the coalition backing President Emmanuel Macron was outvoted several times by parts of the left-wing Nouvelle Union Populaire, Ecologique et Sociale (NUPES), the right-wing Les Républicains (LR) and the far-right Rassemblement National (RN). But the government, represented by Health Minister François Braun, adopted what was left of the bill at 1:45 am, which the help LR votes and Socialist abstentions. (more)

The COVID rules in France are set to expire on July 31st. The first parliamentary goal for President Macron was to extend the COVID emergency and keep his powers.  However, the legislative effort was rejected by 219 votes to 195, destroying the goals of Macron.  Both populist groups joined forces to defeat the Macron coalition.

Yes, amid all of the economic damage created by western leaders and their Build Back Better efforts, the geopolitical world is having spasms as the rulers are being rejected by the ruled.

In the parliamentary systems, the voices of the angry people are rising up. Those shouts are entering the halls of government through the direct representatives closest to the people.  The ruling coalitions are no longer able to hold together as the people demand change.   That is the connective tissue behind these resignations and departures.

Western government leaders like Joe Biden, Justin Trudeau, Emmanuel Macron, Boris Johnson and Jacinda Ardern have the audacity to stand atop a two-year mountain of unilateral fiats, rules, regulations and mandates and then decry “autocracy” and threats to the “global order.”    All of them have destroyed their own legitimacy by pretending to represent western democracy while carrying out two years of totalitarian power.

As the AP tried to spin it:

[…] “A poll conducted last year by The Associated Press-NORC Center for Public Affairs Research found that just 16% of Americans say democracy is working well or extremely well. Another 38% said it’s working only somewhat well.

Other surveys reveal how many people in the United States now doubt the media, politicians, science and even each other.

The distrust has gone so deep that even groups that seem ideologically aligned are questioning each others’ motives and intentions. (more)

We the citizens of the ‘western democracies’ are in an abusive relationship with our own governments’.  The yellow vests in France, the MAGA movement in the U.S., the Australian labor unions, the Canadian Truckers and now the Dutch farmers are the precursor tremors for seismic political shifts.

They all followed the same instructions from the World Economic Forum, and western leaders have shown absolutely no desire to pull back and listen to the people.  Quite the opposite is happening.

Collectively those same leaders are charging head strong into their Build Back Better agenda, regardless of what that does to the global economy.  The collective sanctions placed against Russia are being felt as increased inflation by the citizens of Europe and the United States.  Their “climate change’ agenda and energy policies are creating economic turmoil and now food insecurity

Inflation pressure has built up like a pressure cooker.   People are growing increasingly desperate, and now the absence of food stability will change things.

The looming shortage of food could be the pressure point that fractures the tectonic political plates.

Jul 13 2022

World Bank: The Poor Will Suffer From Carbon Taxes


Armstrong Economics Blog/Energy Re-Posted Jul 13, 2022 by Martin Armstrong

The World Economic Forum is praising Denmark for implementing the world’s strictest carbon tax laws. Companies will soon be forced to pay $159 for every tonne of CO2 emitted, marking an additional $53 per tonne. The government claims this will cut CO2 levels by 3.7 million tonnes in just one year.

“This incentivizes companies to clean up for themselves,” the WEF reported. In the midst of an extreme energy crisis, punishing energy suppliers will undoubtedly backfire. These costs will be passed along to the already struggling consumer. Even the World Bank admitted that the poor will suffer from the carbon tax.

The World Bank stated on its blog:

“There are good reasons why governments may not want to use carbon taxes, and one of them relates to their welfare impacts. For example, a carbon tax on fossil fuels is often regressive in its impact- hurting poorer people relatively more than richer ones. Even when it might be progressive, poorer people still suffer a welfare loss when prices rise, making their consumption basket more expensive.”

Furthermore, they admitted that the carbon tax “aims to restructure economies by raising the cost of a critical resource – the juice that makes it run.” Precisely. We NEED fossil fuels right now, there is no other viable alternative available to provide energy to the world. Since nations have succumbed to the climate change agenda, they have lost their energy-independent status. Europe shot itself in the foot by eliminating any diplomatic relations with their number one supplier of gas for a country that they did not acknowledge prior to February 2022.

Other nations with the ability will drill and sell oil to those under WEF leadership at a premium. India is already buying Russian oil at a discount, refining it, and selling it to the US for a premium. This is more than just bad business as it is a clear attempt to cut off a “critical resource” to “restructure economies” as seen fit by the WEF.

Jul 11 2022

In the Aftermath of Political Violence, Japan Gives Big Election Win to Prime Minister Kishida Fumio in Tribute to Assassinated Former Prime Minister Shinzo Abe


Posted originally on the conservative tree house on July 11, 2022 | Sundance

The Liberal Democratic Party (LDP) of Japan, the party of current Prime Minister Kishida Fumio and former Prime Minister Shinzo Abe, has scored a major election victory.

The election was held only three days after Shinzo Abe was assassinated, and the results reflect the Japanese people giving Fumio the opportunity to cement the legacy of the man he replaced.   Prime Minister Abe was an advocate for reforming the Japanese pacifist constitution, which has not been modified or amended since 1947.

Current Prime Minister Kishida Fumio, the leader of the LDP, now has a super-majority in the upper house, controlling more than two-thirds of the seats.  Fumio will have this majority for at least three years and will be able to structure amendments to the Japanese constitution, a life-long ambition of Shinzo Abe who was a hawk to the influence of Chinese aggression in the region.

With the people supporting him, Kishida Fumio now has a major mandate to fulfill the legacy of Abe and keep a focus in the economic and security needs of the average Japanese citizen.  This is a rare moment of almost universal control within the Japanese political system.  Western media are writing the typeset with furrowed brows and gritted teeth.  Meanwhile, the Beijing dragon is fuming behind the panda mask.

Washington Post –  Prime Minister Fumio Kishida’s ruling Liberal Democratic Party, or LDP, and its coalition partners have secured a two-thirds supermajority in the nation’s parliament, according to Sunday’s election results, a powerful showing that could allow the LDP to carry forward former prime minister Shinzo Abe’s biggest ambitions in the aftermath of his assassination.

The overwhelming victory could usher in at least three years of political stability for Kishida. It would clear the way for him to enact some of the party’s most controversial goals, including increasing defense spending and pursuing Abe’s long-running desire to amend Japan’s pacifist postwar constitution so that Japan can become a stronger global military power.

“When they get ahold of these ‘golden three years’ the focus will be on what the Kishida administration will hammer out,” said Yu Uchiyama, Japanese politics professor at the University of Tokyo Graduate School of Arts and Sciences. “If the Kishida administration can come up with policies that appeal to the people, there is a strong possibility that the administration will last long-term.” (read more)

NHK NEWS – Japan’s ruling coalition scored a sweeping victory in Sunday’s Upper House election.  The Liberal Democratic Party was able to win more than half the open seats without the help of its coalition partner, Komeito.

Prime Minister Kishida Fumio on Sunday night said he was grateful for the outcome. He promised to address the biggest issues facing the nation, including the pandemic, Russia’s invasion of Ukraine and the soaring cost of living. He vowed to revive the Japanese economy.

The main opposition force, the Constitutional Democratic Party, lost seats in the Upper House under its new leader, Izumi Kenta. He said, “With our party’s approval ratings still low, we need to work on ourselves, and restore support.”

The ruling coalition and two other parties, Nippon Ishin Japan Innovation Party and the Democratic Party for the People, support amending the Constitution.

Together they now control more than two-thirds of the chamber’s seats. (more)

.

I ain’t gonna lie…. 

….It still hurts.

[…] Slain former Japanese Prime Minister Shinzo Abe will be laid to rest at a Tuesday funeral attended by close friends and family, according to media reports. 

Prior to the funeral, a vigil is scheduled for Monday night, but officials in Japan have not released any plans for a public memorial service for the country’s longest serving prime minister. (more)

Jul 6 2022

The immuno-epidemiological consequences of the mass vaccination experiment – summary


By Geert Vanden Bossche Published originally on Voice for Science and Solidarity on July 4th 2022

Dear all,

For the past two weeks I have been working on a document summarizing my conclusions on the immuno-epidemiological consequences of the mass vaccination experiment.

The result of this is even more frightening than I had predicted. I’ve, therefore, appended a summary of my manuscript by way of ‘tsunami warning’.  

In a nutshell, here is what I am 100% certain of:

The current SC-2 pandemic is still expanding as it is a pandemic of ‘more infectious’ variants and is thus enhancing the susceptibility of vaccinees to infection (infection-enhancing antibodies) while diminishing the susceptibility of the unvaccinated (infection-mediated training of innate cell-mediated immunity).

  • In the pre-Omicron era, we saw more infectious variants becoming dominant; however, thanks to the neutralizing antibodies, vaccinees were still protected against disease. However, with the advent of Omicron and its growing resistance to neutralizing antibodies, vaccinees became more susceptible to infection; what we are now seeing is more virulent variants becoming dominant  (Omicron subvariants BA.4 and BA.5[1]). however, thanks to the virulence-neutralizing antibodies (which are the same as those enhancing infection at the upper respiratory tract!), vaccinees were still protected against severe disease (e.g., in case of BA.1 and BA.2). I’ve no doubt, however, that with the growing resistance of BA.4 and BA.5 to the virulence-neutralizing Abs, vaccinees will now rapidly become more susceptible to virulence.  
  • Due to repetitive activation of the immune system in C-19 vaccinees, several infectious diseases can now be spread asymptomatically by vaccinees. Due to widespread asymptomatic transmission in highly vaccinated countries and the subsequent rise in infectious pressure, infection-mediated immunity in certain subsets of the population no longer suffices to prevent productive infection. This is now basically igniting the global spread of a number of acute, self-limiting microbial infections (e.g., ‘seasonal’ Flu, RSV but also vaccine-preventable viral and bacterial infections in countries that interrupted their childhood vax program due to Covid crisis) and also of some acute, self-limiting viral diseases (e.g., monkeypox, pandemic [avian H5N1] flu). In addition, depletion of cytotoxic CD8 T cells due to repetitive cycles of re-infection has also led to an increased recurrence/reactivation rate of chronic infections (e.g., herpetic diseases + CMV, EBV, CMV, HIV, tuberculosis..) and relapse or metastasis of certain cancers in vaccinees.
  • In the summary appended, I am sharing my informed predictions on the health impact these pandemics will entail in different subgroups of a highly vaccinated population. While these new pandemics are developing, the super C-19 pandemic I’ve been warning about is coming our way soon. In highly vaccinated countries, it will definitely overhaul the pandemics mentioned above. This is because massive replacement of ‘natural infection-acquired’ immunity to SC-2 by ‘imperfect’ vaccine-induced immunity is now driving the evolution of the C-19 pandemic in highly vaccinated countries. This will not be the case in poorly vaccinated countries where natural immunity has been largely preserved and the population is often much younger (e.g., African countries).

Last, I’d like to repeat my advice:

·      If you’re C-19 vaccinated: Make sure you’ve access to antivirals and antibiotics and that you’ve established a contact with an MD you can trust.

  • If you’re not C-19 vaccinated: You should under no condition get the seasonal Flu shot as vaccination with inactivated Flu vaccines will dramatically increase the risk of catching ADEI in the event you get exposed to avian flu. Under no condition should you get a non-replicating smallpox vaccine.[i] Since surface proteins of smallpox (using cowpox as live attenuated immunogen) are different from those decorating monkeypox, and as the non-replicating vaccine primarily induces antibodies (Abs), you could expose yourself to a real risk of ADEI. However, C-19 unvaccinated people don’t need a smallpox jab at all (and they don’t need an avian Flu vaccine either – in case the industry comes up with a pandemic flu vaccine!)  regardless of whether they got the smallpox vaccine in the past. Training of our innate immune system against Coronavirus (i.e., SC-2) during the C-19 pandemic will not only provide strong innate immune protection against influenza virus and poxviruses but also against other glycosylated viruses causing acute, self-limiting infection (e.g., RSV, other common cold CoV). I can explain this, but that would take somewhat longer. Upon exposure to smallpox or avian Flu, a C-19 unvaccinated person who is in good health and experienced mild or moderate C-19 symptoms as a result of previous natural infection (‘thanks’ to the C-19 pandemic) may still get some mild illness but that’s it! This will just induce additional antibodies to fully protect you next time around, pretty much like a live attenuated viral vaccine does. There is even a high likelihood that there won’t be a ‘vaccine take’ when you become vaccinated with live attenuated smallpox as your trained NK cells may kick out the vaccinal virus right away.  However innate immune training against CoV (e.g., SC-2) will not protect against measles, mumps, rubella or varicella (M, M, R, V). So, I simply continue recommending you to vaccinate your child against these childhood diseases before local outbreaks/ epidemics occur. It’s never a good idea, and could be dangerous for the child, to get the MMRV shot during a situation of high infectious pressure. Also, it is not recommended to vaccinate older children / adults/ elderly with these live attenuated vaccines if they’ve not been vaccinated against those diseases before. So, those who didn’t receive these childhood vaccines and did not acquire natural immunity as a result of previous natural infection are at risk of contracting the disease in case of an outbreak.  
  • Unvaccinated elderly and vulnerable people (e.g., with co-morbidities) have a risk of contracting moderate to severe disease from Flu or RSV. The likelihood for developing severe disease increases when the innate immune system is weakened, especially in case of exposure to high infectious pressure (the latter could, for example, rapidly build up in areas of high population density such as nursing homes. I would, therefore, recommend removing your parent/ grand-parents from nursing homes ASAP.
  • Live attenuated smallpox vaccine will not work in C-19 vaccinees because host cells that are infected with vaccinal virus will be readily recognized and killed by cytotoxic CD8 T cells that are continuously activated due to the enhanced susceptibility of vaccinees to re-infection.
  • C-19 vaccination of children must stop immediately. Not only will the C-19 vaccines fully prevent innate antibodies from neutralizing the virus, but they will also irreversibly prevent the innate antibodies (in association with the virus) from educating the cell-based innate immune system (e.g., NK cells). Instead, the vaccinal antibodies will enhance viral infectiousness and enable the virus to blow straight through the innate immune defense, thereby causing severe C-19 disease. It will also prevent the child from educating its innate immune system (a corner stone of natural immunity!) to recognize several other (glycosylated) pathogens while discriminating those from self-antigens. This could lead to severe disease caused by several other (glycosylated) pathogens which the child has not been vaccinated against as well as to severe immune pathology! It will also no longer be possible to vaccinate children with other live attenuated childhood vaccines once they’ve gotten the Covid-19 shot for these vaccines could now cause severe disease. So, the C-19 vaccine could be a death sentence for a young child!

You’ll find more details on these recommendations highlighted in the full manuscript I am still working on.

As far as the evolution of the C-19 pandemic is concerned, this is what you need to track if you want to know when the super C-19 pandemic is about to kick off:

When the ratio of the vaccinated to unvaccinated people in the age group 10-60 years old, who are hospitalized because of Covid-19, starts to rapidly increase, we will know that the super C-19 pandemic has begun. That’s the most sensitive criterion!

My heart goes out to the vaccinated people. The only way to bypass the malicious C-19 priming is to properly educate the vaccinee’s innate immune effector cells in the absence of replicating virus. It will be critical to treat them as of the early onset of symptoms. Treatment with antivirals shortly after infection could possibly train their innate immune system without boosting their infection-enhancing antibodies[2].

[1] https://www.biorxiv.org/content/10.1101/2022.05.26.493539v1.full.pdf

[2] https://www.voiceforscienceandsolidarity.org/scientific-blog/q-a-17-what-advice-could-one-offer-to-vaccinees-in-the-event-that-an-immune-escape-sars-cov-2-variant-adapts-to-the-highly-vaccinated-population-such-as-to-enable-high-infectiousness-combined-with-high-virulence

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[i] For more info on approved replicating and non-replicating smallpox vaccines: https://www.bavarian-nordic.com/pipeline/mva-bn.aspx;https://www.cdc.gov/smallpox/clinicians/vaccines.html

The original article can be found on TSN TrialSite News https://www.trialsitenews.com/a/immuno-epidemiologic-ramifications-of-the-c-19-mass-vaccination-experiment-individual-and-global-health-consequences.-1935ddcf

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Geert Vanden Bossche received his DVM from the University of Ghent, Belgium, and his PhD degree in Virology from the University of Hohenheim, Germany. He held adjunct faculty appointments at universities in Belgium and Germany. After his career in Academia, Geert joined several vaccine companies (GSK Biologicals, Novartis Vaccines, Solvay Biologicals) to serve various roles in vaccine R&D as well as in late vaccine development.

Geert then moved on to join the Bill & Melinda Gates Foundation’s Global Health Discovery team in Seattle (USA) as Senior Program Officer; he then worked with the Global Alliance for Vaccines and Immunization (GAVI) in Geneva as Senior Ebola Program Manager. At GAVI he tracked efforts to develop an Ebola vaccine. He also represented GAVI in fora with other partners, including WHO, to review progress on the fight against Ebola and to build plans for global pandemic preparedness.

Back in 2015, Geert scrutinized and questioned the safety of the Ebola vaccine that was used in ring vaccination trials conducted by WHO in Guinea. His critical scientific analysis and report on the data published by WHO in the Lancet in 2015 was sent to all international health and regulatory authorities involved in the Ebola vaccination program. After working for GAVI, Geert joined the German Center for Infection Research in Cologne as Head of the Vaccine Development Office. He is at present primarily serving as a Biotech / Vaccine consultant while also conducting his own research on Natural Killer cell-based vaccines.

Email: info@voiceforscienceandsolidarity.org

Jul 6 2022

Every Nine Months


Armstrong Economics Blog/Corruption Re-Posted Jul 6, 2022 by Martin Armstrong

The Canadian government is relentless in pushing vaccinations. Health Minister Duclos just announced that “two doses is no longer enough.” We knew that the Canadian government ordered a massive shipment of vaccines, but those who obeyed whether by force or fear thought they were “fully vaccinated” with two doses. He ominously told the public to “get the vaccine that is waiting for you,” as that has been the plan all along.

The Freedom Convoy truckers warned the public that they too were one dose away from being an unvaccinated societal outcast. The day has come that the meaning of “fully vaccinated” has changed – Canadians must receive a dose every nine months indefinitely.

“Nine months is very clear and will help people understand why ‘up-to-date’ is the right way to think about vaccination now,” said Duclos. “‘Fully vaccinated’ makes no sense now. It’s about ‘up-to-date.’  So am I up-to-date in my vaccination? Have I received a vaccination in the last nine months?”

Schwab must be proud of his young globalist leader, Trudeau, who has destroyed a once free nation. “‘Up-to-date’ means you have received your last dose in the past nine months,” said the health czar. “If you’ve already received a first booster, that’s great. Please see if you’re eligible for a second or third booster to remain up-to-date.”

The most vulnerable people will be the first test subjects. They are bringing the fourth dosage to nursing homes, the immunocompromised, and of course First Nations communities. No one believed that there would be a third shot, and no one believed that children would be forced to receive vaccines. The truth of the matter is that there is an active war on health to promote the New World Order under the guise of a virus with a 0.02% death rate.

Jul 6 2022

Food War Video, Dutch Police Open Fire on Unarmed Farmer Driving Tractor Around Police Roadblock


Posted originally on the conservative tree house on July 5, 2022 | Sundance

Things are escalating quicky in the Netherlands [Backstory Here].  Video has surfaced of Dutch police opening fire with real bullets on an unarmed protesting farmer who drove his tractor around a police roadblock.  [Source and Source]

Several reports from the Netherlands highlight government efforts to stop Dutch farmers from protesting and blocking transit points.  As a result, Dutch farmers have been taking rural routes to their protest destinations and local law enforcement have been trying to stop them with police roadblocks.

Two videos appear to show large farming tractors, easily able to overcome traditional street curbs, driving around the one of the police roadblocks as a police officer opens fire and shoots twice at the second tractor.  An image of a bullet hole in the cab of the tractor appears to confirm live rounds are being fired at the farmers.  WATCH:

Bullet hole:

Second perspective:

.

You were right… just shoot them.

Jul 5 2022

Dutch Farmers Intensify Protests, Form Transit Blockades on Roads, Bridges and Ports, Angered by New Energy Mandates and Forced Livestock Reductions


Posted on the conservative tree house on July 4, 2022 | Sundance 

The politicians in Dutch government recently passed sweeping new climate regulations that will result in more than a third of farmers losing their business. The government announced a €25 billion plan to radically reduce the number of livestock in the country in order to curtail emissions.

As the Guardian reports, “A deal to buy out farmers to try to reduce levels of nitrogen pollution in the country had been mooted for some time,and was finally confirmed after the agreement of a new coalition government in the Netherlands earlier this week.” The plan is to reduce farming in the Netherlands, by a “one-third reduction in the numbers of pigs, cows and chickens in the country.”  However, the farmers are fighting back.

The unorganized grass-roots groups have been randomly blocking roads and transportation hubs for the past three days.  They have also been dropping truckloads of manure at the entrances of government businesses.  In a show of solidarity, the fishing industry is now blocking ports.  Additionally, the farmers are starting to block the distribution centers of supermarkets and key roads forming a cauldron where transit is at a standstill.

As grocery store shelves go empty, the government is now asking the military to intervene and stop the farmer blockades.  However, the Dutch people overwhelmingly support the farmers.  Things have evolved into a social and economic war between the farmers and Build Back Better government ideology chasing climate change goals.

(Reuters) – Dutch farmers angered by government plans that may require them to use less fertilizer and reduce livestock began a day of protests in the Netherlands on Monday by blocking supermarket distribution hubs in several cities.

Amsterdam’s Schiphol airport and KLM, the Dutch arm of Air France (AIRF.PA), have advised travellers to use public transport, rather than cars, to reach the airport, as farmers’ activist groups said on social media they planned to use tractors to block roads.

Several traffic jams were reported on highways in the east of the country and on ferry routes in the north, but none near Schiphol during the morning commute.

Dutch and European courts have ordered the Dutch government to address the problem. Farmers say they have been unfairly singled out and have criticised the government’s approach.  Monday’s protest is widely supported by farmers’ groups but not centrally organised.  (read more)

You can follow more on The Dutch Uprising HERE.

Jun 20 2022

Marine Le Pen French Nationalists Win 89 Seats in Parliamentary Election


Posted originally on the conservative tree house on June 19, 2022 | Sundance

The French parliamentary elections were held Sunday and delivered a surprising result for Marine Le Pen’s Rassemblement National party.   The RN won 89 seats, far beyond what would be needed (15 seats) to have a consequential impact in the assembly.

FRANCE – […] The results would severely tarnish Mr. Macron’s April presidential election victory where he defeated the far-right to be the first French president to win a second term in over two decades. 

The expected number of seats for Marine Le Pen’s Rassemblement National (90) amounts to a historic breakthrough. Only once under the Fifth Republic had the far right passed the threshold to form a group in the Assemblée (15 MPs), which allows for certain parliamentary resources and prerogatives.

The only time this happened was in 1986, when Ms. Le Pen’s father Jean-Marine Le Pen led a group of Front National MPs for two years. They were elected in the only ever legislative elections using proportional representation.

[…] Falling short of the majority forces Mr. Macron into tricky partnerships with other parties on the right to force through legislation.  There could now potentially be weeks of political deadlock as the president seeks to reach out to new parties. The most likely option would be an alliance with Les Republicans LR.

[T]he number two of far-right leader Marine Le Pen, Jordan Bardella, hailed her party’s performance as a “tsumani.” (read more)

“The Macron adventure has reached its end,” Le Pen said. The group of National Rally MPs “will be by far the biggest in the history of our political family.”  As a result, RN will be able to easily form a parliamentary group, which allows for more influence and speaking time.

Jun 16 2022

The European Debt Crisis 2023-2024


Armstrong Economics Blog/Central Banks Re-Posted Jun 16, 2022 by Martin Armstrong

The European Central Bank has announced that it plans to create a new tool to tackle the risk of eurozone fragmentation, which is the new term for divergence among member states. They are adopting this tactic out of fears of a new European debt crisis that is inevitable. From the very beginning when the EU Commission was charged with designing the Euro can to our conference in London in 1997, I warned that the promises that everyone would be paying the same rate of interest merely because they were creating a single currency was a complete fantasy. I further warned that this would lead to the collapse of the Euro if not the entire EU.

I explained that they were comparing the Euro to the Federal Debt of the US when the failure to consolidate the debts of the EU meant that the real outcome would be like the USA at the state level. A single currency did not mean that every state paid the same interest rates in the USA and that would be the ultimate reaction of the free markets. We are now in the 24th years of the Euro and its survival because deb stable post-2024.

The ECB’s decision has come as a surprise following an emergency meeting to address higher borrowing costs for many European governments on an uneven playing field. The ECB made a statement:

“Since the gradual process of policy normalization was initiated in December 2021, the Governing Council has pledged to act against resurgent fragmentation risks.”

“The pandemic has left lasting vulnerabilities in the euro area economy which are indeed contributing to the uneven transmission of the normalization of our monetary policy across jurisdictions,” 

The comments are trying to explain the recent surge in bond yields over the past week or so as capital is starting to smell a rat. ECB has implied a more aggressive policy tightening is coming but it still failed to deliver any new measures that would support the growing unrestrained debt load. With Green governments seizing power, and the absurd sanctions on Russia, it is hard to see where there is any understanding of fiscal management on the horizon.

European capital is now very concerned about financial “fragmentation” meaning the disparity among member states in interest rates. There is clearly a rise in rates in Southern Europe compared to northern. The ECB is now saying that it will “reinvest redemptions” from its emergency bond-purchasing program. So in other words, it will NOT reduce its balance sheet concerning bonds that are under pressure for that will force greater disparity ahead – i.e. fragmentation.

The ECB claimed that its commitment to the euro is its anti-fragmentation policy. They have said that this commitment “has no limits.” Previously, Southern EU states faced materially higher borrowing costs in the wake of the sovereign debt crisis back in 2011. This is a complete disaster for the failure to have consolidated the debt meant that their idea of one monetary policy for 19 different fiscal positions cannot possibly work. I tried to explain to them from the beginning that the 12 original branches of the Fed were independent and they would raise or lower rates depending upon the regional impact. It was Roosevelt who usurped that authority and created one rate for all in 1935 creating the new head branch in Washington.

The yield on the Italian bonds traded over 4% and has broken through the Downtrend Line. While people hope that the ECB’s announcement in this unscheduled emergency meeting means they will be in control, this is more like the 5-time-divorced soul getting married again for the sixth time confirming that hope can triumph over experience. The broader long-term is that borrowing costs will have nowhere to go but higher.

The ECB’s decision to reinvestment what it previously bought merely confirms that there is a serious sovereign debt crisis unfolding.

Jun 9 2022

Bolsonaro Implies Doubt on Biden Election Ahead of Latin America Summit


Posted originally on the conservative tree house on June 8, 2022 | Sundance

Brazilian President Jair Bolsonaro wasn’t just throwing shade at the 2020 election outcome for Joe Biden, Bolsonaro seemingly ponders the question about how many western leaders might be the result of WEF manipulated elections.  All things considered; it is a valid question.

SAO PAULO, June 7 (Reuters) – Brazilian President Jair Bolsonaro on Tuesday cast doubt on the 2020 election victory of U.S. President Joe Biden, just two days before they are due to meet for the first time during the Summit of the Americas.

Bolsonaro, an outspoken admirer of former President Donald Trump, said in a TV interview that he still harbors suspicions about Biden’s victory and he again praised Trump’s government.

In 2020, the Brazilian leader voiced allegations of U.S. election fraud as he backed Trump. Bolsonaro was also one of the last world leaders to recognize Biden’s win.

“The American people are the ones who talk about it (election fraud). I will not discuss the sovereignty of another country. But Trump was doing really well,” Bolsonaro said. “We don’t want that to happen in Brazil,” he added. (read more)

With the totalitarian comfort we have seen from multiple western governments’, in both scale and scope, it does make you wonder just how far they would be willing to go to retain power.   After all, there are trillions at stake.