The Bank of England has admitted defeat, admitting they cannot prevent a recession. The pound fell to the lowest level against the USD on Wednesday afternoon after declining 0.64% to $1.145. When asked if the central bank could prevent the next recession, Governor Andrew Bailey was blunt in his answer. “Insofar as the war is having this huge effect, the answer to that would be no.”
I touched more on the decline and fall of Britain on the private blog last week. Socrates agrees with Bailey’s pessimistic stance. Inflation has surpassed 10% in the UK, and food and energy costs are expected to rise continually. The Bank of England now projects that the economy will shrink during Q4 2022, and the decline will continue until the end of 2023. Our models state that the decline will last longer than they expect.
If the new PM Truss is any indication of where policy is heading, Britain is in big trouble. Central banks do not like to admit defeat either. Look how Powell carefully changed his stance over the course of the year in terms of inflation. He did not want to create a panic by telling the public that they were screwed. The BoE has no other choice but to be brutally honest. The heads of central banks are now coming forward to offer their condolences for an issue they helped to create with artificially low rates. The BoE is still in better shape than the ECB, but that is not saying much.
Boomerang kids is a term for those who moved out of their parents’ home only to return. The number of young adults who were forced to move back home reached historic highs in 2020 when the pandemic began. In fact, three in ten Gen Zers (18-25) moved back home with their parents during the pandemic as school campuses closed down. Around 18% of younger millennials (26-34) and 17% of older millennials (35-41) also moved back in with mom and dad. However, a recent report shows that two-thirds of young adults in the US who moved back home during the pandemic have yet to leave the nest.
Housing and rental costs are at historic highs and continue to rise. Inflation is soaring, rates are rising, and the youth is struggling. The demographic that should be starting families is financially priced out of doing so. Around 31% of boomerang kids said their top focus is saving for a down payment on a home, and nearly 30% of those who did move out managed to purchase a home. Around 39% of those who moved back home said they were focused on paying off debt.
About 73% of those who did move out after the pandemic were only able to rent. Unsurprisingly, states with the highest cost of living host the largest number of boomerang kids. Around 21.6% of adult children live at home in Hawaii, followed by New Jersey and Florida, which host 20.7% and 20.1%, respectively.
Young adults can no longer afford the American dream. Nearly three years after the pandemic, most young adults who moved back home have been unable to leave. Housing costs are usually the biggest expense of any household, and the youth simply cannot afford to buy in this market. This is why the birth rate is steadily declining, and the future workforce will be limited.
The pro-war People’s Deputies of Ukraine Party are using Western funding to line their pockets. It has been reported that the average paycheck went from 28,800 to 49,600 hryvnia, and taxpayers in other countries will pay for their raises.
This news came out shortly after CBS attempted to release a documentary that claimed weapon shipments from the US were frequently missing. CBS was forced to redact parts of the documentary, “Arming Ukraine,” after Ukraine’s government threatened them. The first report stated that 70% of the weapon purchases had gone missing, while another piece said only 30% of aid had arrived. “Since that time, Ohman says delivery has improved,” CBS backtracked. “We are updating our documentary to reflect this new information and air at a later date.”
“The weapons are stolen, the humanitarian aid is stolen, and we have no idea where the billions sent to this country have gone,” an anonymous veteran originally told reporters. He went on to claim that soldiers are receiving less pay while those at the top are lining their pockets. Zelensky continually claims that his country needs endless funds for the endless war. Where is this money going? Since WE are paying for the war, we deserve to know the truth.
Liz Truss has been made Prime Minister of Britain. This was expected, but also the darkest day possible for Britain. Previously, UK Defence Secretary BenWallace had backed Liz Truss’ view that Russian forces must be pushed out of “the whole of Ukraine” – and suggested this should include Crimea. Even the Guardian at the time had accused Liz Truss’ position was “recklessly inflaming Ukraine’s war to serve her own ambition.” Meanwhile, in Russia, this was playing out on TV endorsing World War III.
Everything that can possibly point to war is unfolding before our eyes. There are no peacemakers left in the world. Every leader appears to be pushing for war because the monetary system is cracking. Those who think that Russia starting its own gold market will eliminate the manipulations in London do not understand what is taking place. This is the dividing of the world economy that simply follows removing Russia from SWIFT and joining with China to make CIPS the leading global platform for international commerce. This is not about gold prices in Russia v London. This is about the end of GLOBALIZATION and the world economy so carefully constructed post-WWII.
The leaders in the West have been borrowing year after year with no intention of ever paying anything back The lowering of rates to negative in Europe in 2014 undermined the pension funds in Europe as they are effectively insolvent in most cases if they stuck to Euro debt. The Scandinavian funds are outside the Euro and while some struggled to pretend to be “green” they did their best to limit those losses.
When we look at British Politics, it appears that there will be a big shift in 2025. Look off to 2031. That is where the computer is picking up a Panic Cycle, which is corresponding to 2032. As I have warned, the risk of international war appears to be unfolding post-2024. And as far as that inflation goes, it looks like all the sanctions on Russia have backfired. Yet no Western politician will dare tell the truth. And they are now going after farmers? We are staring at serious civil unrest rising globally next year for these brain-dead WOKE politicians who are destroying our way of life.
Posted originally on the conservative tree house on September 5, 2022
Yes, it’s like something out of a dystopian ‘hunger games’ movie, except it is unfortunately real life. ITV News in Great Britain is running a wheel-of-fortune type marketing campaign where desperate viewers can call in for an opportunity to spin the wheel and win having their energy bills paid.
Comrades, it is not a spoof, this actually took place today and it looks like it will continue due to popular demand. UK citizens are facing astronomical increases in energy bills as a result of the EU green climate change agenda in combination with Russia halting the export of natural gas. The price of natural gas increased 30% today alone as Russia cuts off supplies completely. Europe is on the brink of the worst economic recession in history.
ITV steps in with a promotional effort that shows just how bizarre this Build Back Better future has become. Perhaps next week viewers might be able to call in for a chance at winning extra food rations, chocolates or even gasoline. Here’s a video to show what is happening. WATCH:
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Good luck comrade citizens, you too could be a winner on the wheel of survival. It’s all in good fun comrade. Smiles everyone, smiles.
QUESTION: Hi Mr. Armstrong, Thank you for keeping up the good fight and keeping us all so informed. You have said that gold will rise when there is a loss of confidence in gov’t. I would think we are there already. Is there an objective measurement to the loss of confidence? Or is it a self-fulfilling prophecy, in other words, when the price of gold goes up, then there has been a loss of confidence? Cheers, MB
ANSWER: I believe that the 2022 election may be the catalyst. Not all people who voted for Trump and/or are Republicans believe that the election of 2020 was rigged. I have been warning for months, that reliable sources in DC, or the Corruption District, have been planning to hand citizenship to illegal aliens before the election to rig the midterms. In addition, they were pushing to indict Trump. Either, but more likely BOTH, may be carried out. I fear this will backfire on them for there will be conservative democrats who will not be happy with handing out citizenship like candy on Halloween.
In Britain, the Indians were generally upset about letting in all the Muslims. They had to show that they not just spoke the language but had the skill set that Britain needed, primarily medical. It seems I have trouble getting in my employees in Europe, the Middle East, and India. I am told I should hire Americans, despite these people having worked for me for more than a decade. I tell them to put on a sombrero, don’t speak any English, walk across the border, and no need for vaccines, they will hand you plenty of pocket change and free everything, including a free flight in the middle of the night. All no problem. No language or skills are necessary – just vote Democrats when they call upon you. You will get a green card and citizenship – no worries! You don’t even have to work.
Most people who read this blog already know the truth about the government. What we are missing is the majority. It is the general mask-wearing public because Lord Fauci told them what to do. It is their confidence that needs to be shaken – not stirred.
The LEFT is always ruthless. Just look at all the times in history major civil wars and revolutions have taken place. The LEFT demands no compromise and that will be their agenda. The rumor I hear is that they have resistance to granting citizenship on the Hill. That much is starting to appear in the press. In desperation, Biden will sign an executive order probably with an order of what he wants for lunch.
It would be unconstitutional for Biden to grant them citizenship by executive decree. Obama’s exec order for DACA was unconstitutional and he had no right making it – he acknowledged that fact and did it anyway fully expecting the challenge that never happened. This is the same scheme. Granting citizenship by executive order will be UNCONSTITUTIONAL, but the LEFT never cares about laws. They assumed that they will vote, and the legal challenge will take at best months, so they win because they will count on the Supreme Court not to overrule an election.
I fear that if this RUMOR became true, perhaps this is why my computer is going nuts on civil unrest and international war in 2023. So let’s pay attention to the arrays for this is our only guide. Nobody’s opinion will count much in such a treacherous time.
Posted originally on the conservative tree house on September 3, 2022
During remarks at a campaign rally in Wilkes-Barre, Pennsylvania, President Trump called Joe Biden’s recent speech against “MAGA Republicans” as the most divisive speech by an American President in history, saying Biden’s chosen red background was “like the devil.” WATCH:
Posted originally on the conservative tree house September 3, 2022 | Sundance
This has become absurd. According to an AP report, Joe Biden is planning to ask congress for an additional $13.7 billion for Ukraine within a budgetary request for $47 billion spending package.
According to the report the Ukraine spending request will be inside a package for additional COVID-19 spending, Monkeypox spending and other domestic relief.
WASHINGTON (AP) — President Joe Biden is asking Congress to provide more than $47 billion in emergency dollars that would go toward the war in Ukraine, the response to the COVID-19 pandemic, the ongoing monkeypox outbreak and help for recent natural disasters in Kentucky and other states.
The request, which comes as lawmakers are preparing to return to Washington and fund the government, seeks $13.7 billion related to Ukraine, including money for equipment, intelligence support and direct budgetary support. Shalanda Young, the director of the White House Office of Management and Budget, said that more than three-fourths of the $40 billion approved by Congress earlier this year has already been disbursed or committed.
“We have rallied the world to support the people of Ukraine as they defend their democracy and we cannot allow that support to Ukraine to run dry,” Young said in a blog post.
[…] In Friday’s request, the White House is seeking $7.1 billion to procure additional vaccines and for replenishing personal protective equipment in the Strategic National Stockpile, among other measures. Another $8 billion would go to accelerate research for next-generation vaccines and therapeutics.
Biden is also seeking $2 billion to continue COVID-19 testing programs, including an initiative to distribute free at-home tests that ended on Friday as the government says it is running short on funds. White House officials say they have some tests left in the stockpile, but not enough to provide free tests if cases sharply increase. (read more)
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