Category WEF Planned Famine

Jan 1 2023

Beyond Hubris – European Bank President Lagarde Says Policy Efforts Must Be Taken to Stop Wage Growth


Posted originally on the CTH on December 31, 2022 | sundance

The ideology of these elitist minded control officers is really remarkable.  The president of the European Central Bank, Christine Lagarde, has given several statements to media saying policy measures must be put into place in order to stop wage growth from fueling inflation.

Think about this in the most practical of terms.  Western politicians have created massive inflation through their collective ‘Build Back Better’ energy policy.  The central banks have raised interest rates, an effort to shrink the economy by lowering energy demand, to offset the skyrocketing costs of the energy problem the politicians created.

With workers demanding pay raises to help afford the skyrocketing costs of energy, the central EU bank is now worried that wage increases will fuel inflation.

There’s a truckload of pretending needed to avoid seeing the insufferable dynamic of reality.

Political policy drives up energy costs. Central banks try to drive down energy demand.  Workers unable to afford the energy prices created by politicians, are then blamed for the inflation the political policy creates.

Sooner or later ordinary people are going to figure out this abusive cycle.

(Via Reuters) – Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to already high inflation, ECB President Christine Lagarde told a Croatian newspaper.

The ECB has raised interest rates by a total of 2.5 percentage points since July in a bid to arrest a historic surge in inflation and has promised even more policy tightening over its next several meetings as longer-term price growth expectations have started moving above its 2% target.

“We know wages are increasing, probably at a faster pace than expected,” Croatian newspaper Jutarnji list quoted Lagarde as saying on Saturday. “We must not allow inflationary expectations to become de-anchored or wages to have an inflationary effect.”

[…] Lagarde added that the bloc’s expected winter recession, induced by soaring energy costs, is likely to be short and shallow, provided there are no additional shocks. (read more)

That last line is just beyond infuriating.

This era of economic pretending, and the disconnect in the mindset of the self-proclaimed elitist rulers, is just jaw dropping in scale and scope.

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Dec 10 2022

Interview: The Great Reset Will FAIL & EVERY Government will Collapse by 2032


Armstrong Economics Blog/Armstrong in the Media Re-Posted Dec 10, 2022 by Martin Armstrong

Watch my latest interview on the Man in America podcast: The Great Reset Will FAIL & EVERY Government will Collapse by 2032

Dec 4 2022

Chaos in Brazil


Armstrong Economics Blog/WEF Re-Posted Dec 4, 2022 by Martin Armstrong

There are no coincidences in politics. The Brazil election was also rigged by the international accord seeing to seize global power for the Great Reset and hand jurisdiction to the United Nations. This is not going to end well even for Klaus Schwab whose WEF is in fact attempting to take over the world and forecast their vision upon everyone and everywhere. The problem is, their vision of “improving the state of the world” is no different than Karl Marx’s or even Hitler who saw to resurrect of the old Roman Empire and one government for all of Europe.

Dec 1 2022

The West Simply Wants War With Russia


Armstrong Economics Blog/War Re-Posted Dec 1, 2022 by Martin Armstrong

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If you dare suggest peace, you suddenly are painted as a Putin Supporter. The West simply wants war and this is really about Climate Change. Even the propaganda pretending this is all Putin and if somehow he was removed, the world would be better is utter nonsense. We may see the reality of that come April/May 2023. The West is perfectly fine with sacrificing the Ukrainian people for their agenda. They are just collateral damage that they are willing to sacrifice until the last Ukrainian dies.

There are people who know Russia as I do. The press will not air their views or question the narrative they have been instructed to push because it goes against their desired agenda. Former Commander of US Army General Ben Hodges admitted that Putin’s successor will be “much worse.” Hodges said. “We see the North Caucasus and (Chechen leader Ramzan) Kadyrov, who is anticipating Russia’s possible collapse and is trying to protect himself somehow. I absolutely don’t call for regime change in Russia – this is the choice for the Russian people to make, but we must understand that whoever comes after Putin will be much worse.”

What the Western news is presenting is worse than propaganda – it is a deliberate lie. The West is really waging war for Climate Change. This is why not a single Western leader is calling for any peace or negotiation. My mentor in geopolitical analysis has been Henry Kissinger. Henry has publicly stated that EVERY president has always invited him to the White House but not Biden.

https://youtube.com/watch?v=6b89jcNqgJo%3Ffeature%3Doembed

On the other side of the world, the US has been supplying military equipment to Taiwan since 1979 under the Taiwan Relations Act. Before Biden, the US has agreed to acknowledge the One China policy that states Taiwan is under Chinese rule. “A direct confrontation should be avoided and Taiwan cannot be the core of the negotiations because it is between China and the United States,” Kissinger stated, going as far as to say neutrality is crucial to “overall peace.”

In pledging to defend Taiwan from any Chinese attack, the president has made war with China much more likely. He has openly reverse policy with China since the days of Nixon. The Climate Change people in his administration driven by the insane Progressive Green Movement, has done everything possible to create World War III with no regard for humanity because the planet takes top priority. I suppose a bunch of nukes flying around is good for the planet if it removes more of we – the new plague of vermin.

Oct 23 2022

The Albertsons and Kroger Merger Faces Legislative Scrutiny as European Company Ahold Assembles Competitive Bid


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

Last week we discussed the announcement of a $24.6 billion merger deal between Kroger and Albertsons supermarkets {Go Deep}.  The majority stockholders in both companies are institutional investment groups, Blackrock, Vanguard and Cerberus.

The merger would consolidate the second and third largest food retailers in the U.S. and would certainly dilute the competitive dynamic amid the supermarket industry.  Concern over price controls and decreased competition has now arrived on the desks of DC legislators who are reviewing the deal.

(Reuters) – […] U.S. Democratic Senator Amy Klobuchar and Republican Senator Mike Lee were quick to say that they would hold a hearing to discuss the merger. A European interloper could make deal plans even harder.

Frans Muller, Chief Executive of Stop & Shop owner Ahold Delhaize (AD.AS), has made no secret of his desire to consolidate U.S. grocers. The Netherlands-based firm is already the fourth largest grocery chain. If it managed to cobble together a better offer than Kroger’s bid for Albertsons, it would become the second largest supermarket. Plane spotters tracked two Albertsons jets next to Ahold Delhaize’s U.S. base in Massachusetts in early August. Ahold declined to comment.

Ahold can also afford a chunky deal. The Dutch grocer has debt of just 2 times its $6.7 billion of EBITDA estimated for this year, according to Refinitiv. That’s 50% less than the average. If investors reckoned there was merit in a deal, Muller could also use equity to beef up the offer. At more than 12 times, Ahold’s price-to-earnings ratio is a fifth higher than Albertsons’, giving it currency.

Aspects of the deal might make it easier for antitrust authorities to get comfortable, too. Kroger and Albertsons would have a combined market share of 13%, whereas a deal with its Dutch rival gives much less of the pie. Ahold focuses on the East Coast of America whereas Albertsons has a big presence on the West Coast. So regulators wouldn’t have to worry about a larger Kroger shutting down competing Albertsons stores.

[…] U.S. senators who scrutinise antitrust issues expressed “serious concerns” about grocery company Kroger’s plan to buy rival Albertsons, and said they would hold a hearing in November on the $25 billion deal.

The announcement by Democratic Senator Amy Klobuchar, chair of the Senate Judiciary Committee antitrust panel, and Republican Senator Mike Lee confirmed a previous report by Reuters.

A Kroger spokesperson said the company looked forward to the hearing. “We welcome the opportunity to outline how this transaction will benefit America’s consumers by expanding access to fresh, affordable food,” the company said in a statement.

The Federal Trade Commission is expected to review the deal to ensure it complies with antitrust law. (read more)

This might be one of those rare times when a legislative and regulatory review may actually be beneficial to the outcome for the consumer.

December 16, 2020, Dozen Large Eggs $1.79

October 11, 2022, Dozen Large Eggs $7.29

(Source)

(DCBusinessDaily) – […] Scott Rasmussen Number of the Day shows 76% of voters have seen their grocery prices go up in the last month. The poll also found 60% of voters believe prices will continue to rise. Additionally, 54% of voters say gas prices have gone up in the last month and 59% believe gas prices will continue to go up. Ballotpedia’s poll methodology surveyed 1,200 registered voters from Oct. 6-8. According to the Ballotpedia website, the poll was lightly weighted by geography, gender, age, race, education, internet usage and political party to reflect a fair balance of voters across the country. The margin of sampling error is +/- 2.8 percentage points.

The U.S. Bureau of Labor Statistics issued its latest Consumer Price Index (CPI) summary for the nation on Oct. 13, which found that the rate of inflation over the last 12 months stands at 8.2%. It rose 0.4% in September. In the last year, food costs have risen by 11.2%, energy costs have increased by 19.8%, gas prices have risen by 18.2% and the cost to purchase a new vehicle has increased by 9.4%. (more)

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 21 2022

Agriculture Agenda: WEF & Bill Gates [Edge of Wonder Live – 7:30 p.m. ET]


Edge of Wonder Published originally on Rumble on September 20, 2022

Bill Gates buys up farmland across the United States, big corporations get grants instead of companies that need it, and farmers are MAD. What is the World Economic Forum pushing that’s been going on since the ‘70s? What fear mongering is making the rising food costs seem like something we can’t escape from?

Sep 13 2022

India’s Rice Exports in Jeopardy


Armstrong Economics Blog/World Trade RE-Posted Sep 13, 2022 by Martin Armstrong

India is the largest rice exporter in the world. The nation saw the highest volume of rice exported last year at 18.75 million metric tons. In contrast, the second-largest exporter, Vietnam, sold about 6.5 million metric tons of rice that same year. Rice is the main staple in diets throughout the world. In the midst of food shortages, the Indian government decided to impose a 20% export duty on rice.

Importers are not too keen on the new export levy, and the plan has backfired. One million tons of grain now stand idle at Indian ports as buyers are refusing to pay the additional 20%. BV Krishna Rao, President of the All India Rice Exporters Association (AIREA), has stated that India has stopped loading all vessels with rice shipments. Another problem is that many buyers already paid for their orders but are now expected to pay an additional 20%. The margin for rice is small, and most buyers are not willing to cut into profits.

Perhaps the Indian government would like the world to see it has a stronghold over the world’s rice supply. India currently sells to over 150 countries and now has leverage, considering the ongoing food shortages.