Canada’s job recovery last year seemed strong according to standard measures. However, it was recently revealed that the majority of jobs were created in the public sector. Nearly 9 in 10 jobs created between 2020 and 2021 were in the public sector. Government, not business, is expanding. Between February 2020 and July 2022, private sector growth remained relatively stagnant after posting just a 0.4% increase. The public sector, on the other hand, rose 9.4% in that same period.
So out of the 366,800 jobs added to the economy during the pandemic, only 56,100 were jobs in the private sector. This is not good for Canada’s long-term growth. The private sector has declined from 49.3% to 48.2%, meaning the government is providing jobs for most of the population.
Three million Canadians lost their livelihoods during the pandemic, a 16% contraction, pushing the unemployment rate to 13% from 5.7%. Then the government decided to reopen slowly, very slowly, and brought the majority of the population under their control. You must adhere to all of Trudeau’s mandates as a government employee. The taxpayers help to partially fund these positions and governments cannot manage a bubble gum machine, let alone the livelihoods of the masses.
Statistics Canada recorded a 5.4% unemployment rate for August, an increase from July’s 4.9% posting. Yet, business is not growing. The government now composes a disproportionate number of jobs, and this completely alters the trajectory of the Canadian economy.
China is no stranger to Western alienation and hostilities. Putin is looking to strengthen his alliance with China by affirming that Russia will adhere to China’s domestic policies as long as China repays the favor. “We intend to firmly adhere to the principle of ‘One China’,” Putin stated as Taiwan has become a hot topic. Putin went on to say that he “condemns provocations by the United States and their satellites in the Taiwan Strait.” China was bordering on neutrality until recently coming under fire for its One China policy. China can now see itself in Russia.
Xi Jinping and Vladimir Putin met this Thursday in Uzbekistan for the first time since Russia invaded Ukraine. Both want to end NATO expansion and agreed to a “no-limits” partnership. Xi warned Biden at the beginning of the year that sanctions on Russia could cripple the global economy. The US warned China to stay out of its affairs but then provoked China by sending leaders like Pelosi to Taiwan. The New World Order first targeted Donald Trump in an effort to remove him from power. Putin is second on their list, followed by Xi.
China knows that the US is in a decline and is strategically placing its finances and policies accordingly. When I met with the central bank of China, they were not bureaucrats – they were traders. When I was asked by people in the US Treasury upon my return what it was like, I responded that they only hired people with experience. They sent everyone to work on trading desks around the world, and then they returned to China to run the central bank. The West hires academics who believe reading a few books is sufficient experience. Similarly, politicians no longer understand diplomatic relations and are willing to sacrifice the economy to uphold petty perpetual disagreements while demonizing opponents.
Posted originally on the conservative tree house on September 18, 2022 | Sundance
If you combine government use of energy policy, government regulation on individuals around that energy policy, and the self-interested need to control political opposition, you discover one of the most effective ways to control human activity is to control their finance.
Canadian Prime Minister Justin Trudeau gave us a great example of that when he weaponized the power of the Canadian government to target the protesting truckers and those who support them. You might remember Trudeau’s government locked down bank accounts, froze assets, denied loans, blocked mortgages and generally confiscated the wealth and incomes of his political opposition without any due process; all because the people were challenging his totalitarian COVID dictates. {Go Deep}
Take those reference points as an overlay and now consider this undiscussed recent announcement from the Biden administration:
[White House] – President Biden often summarizes his vision for America in one word: Possibilities. A “digital dollar” may seem far-fetched, but modern technology could make it a real possibility.
A United States central bank digital currency (CBDC) would be a digital form of the U.S. dollar. While the U.S. has not yet decided whether it will pursue a CBDC, the U.S. has been closely examining the implications of, and options for, issuing a CBDC. If the U.S. pursued a CBDC, there could be many possible benefits, such as facilitating efficient and low-cost transactions, fostering greater access to the financial system, boosting economic growth, and supporting the continued centrality of the U.S. within the international financial system. However, a U.S. CBDC could also introduce a variety of risks, as it might affect everything ranging from the stability of the financial system to the protection of sensitive data.
Notably, these benefits and risks might vary significantly based on how the CBDC system is designed and deployed. That is why Executive Order 14067, Ensuring Responsible Development of Digital Assets, placed the highest urgency on research and development efforts into the potential design and deployment options of a U.S. CBDC. The Executive Order directed the Office of Science and Technology Policy (OSTP), in consultation with other Federal departments and agencies, to submit to the President a technical evaluation for a potential U.S. CBDC system.
Today, OSTP is publishing its report, Technical Evaluation for a U.S. Central Bank Digital Currency System, which lays out policy objectives for a potential U.S. CBDC system and analyzes key technical design choices for a U.S. CBDC system. The report also estimates the technical feasibility of building a CBDC minimum viable product and describes how a U.S. CBDC system might affect Federal operations. The report makes recommendations on how to prepare the Federal Government for a U.S. CBDC system. Importantly, the report does not make any assessments or recommendations about whether the U.S. should pursue a CBDC, nor does it make any decisions regarding particular design choices for a potential U.S. CBDC system. (read more)
When you read that full announcement, you realize they have already built the system.
If the system is built and they are now making policy recommendations for implementation, the question becomes ‘what’s the goal’?
We do not have to look far for the explanation.
the World Government Summit 2022 took place on March 29 and 30 in Dubai, hosting more than 4,000 individuals from 190 countries including senior government officials, heads of international organizations, and global “experts.” The invited participants presented ideas and worldviews from within their various fields of specialty.
One presentation was from Dr. Pippa Malmgren, an American economist who served as special advisor on Economic Policy to President George W. Bush.
Her father, Harald Malmgren, served as a senior aide to US Presidents John F. Kennedy, Lyndon B. Johnson, Richard Nixon, and Gerald Ford. In this segment, Mrs. Malmgren says the quiet part out loud. Yes, they are no longer hiding the construct; indeed, as you will hear they are saying quite openly what the future will look like. WATCH (2 minutes):
Transcript – Dr. Malmgren: “What underpins a world order is always the financial system. I was very privileged. My father was an adviser to Nixon when they came off the gold standard in 71. And so, I was brought up with a kind of inside view of how very important the financial structure is to absolutely everything else.
And what we’re seeing in the world today, I think, is we are on the brink of a dramatic change where we are about to, and I’ll say this boldly, we’re about to abandon the traditional system of money and accounting and introduce a new one. And the new one. The new accounting is what we call blockchain.
It means digital, it means having a almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what’s going on. It also raises huge dangers in terms of the balance of power between states and citizens.
In my opinion, we’re going to need a digital constitution of human rights if we’re going to have digital money. But also this new money will be sovereign in nature. Most people think that digital money is crypto, and private. But what I see our superpowers introducing digital currency, the Chinese were the first the US is on the brink, I think of moving in the same direction the Europeans have committed to that as well.
And the question is, will that new system of digital money and digital accounting accommodate the competing needs of the citizens of all these locations, so that every human being has a chance to have a better life? Because that’s the only measure of whether a world order really serves!”
The entry into a digital currency, needs a digital identity.
The end goal of a digital currency is why western political leaders have not been worried about following the COVID-19 spending demands from the World Economic Forum. {Go Deep}
When the global trade currency does not need to be pegged to anything to determine value, it is completely fiat. This is the current problem with global trade and transactions taking place in U.S. dollars, which arbitrarily lifts the standard of life for Americans while providing no similar benefit to other nations. That view became the underlying motive for Osama Bin Laden to target the World Trade Center, twin towers. That view was/is also the perspective carried by Barack Obama, that lay behind his “fundamental change” statement.
A digital currency allows ultimate control on a global basis by a one world government, or western system of collective governments, that can assign value. No other mechanism will have as much control over the life of a person than a digital currency that will create a system of transactional credits and debits, perhaps also influenced by your social credit score.
The digital currency requires a digital identity in order for apportionment based on your value to society. This is essentially an extension of the Fabian mindset into the world of financial transactions and monetary evaluations. Fabians believed that some form of socioeconomic tribunal would be needed in order for each citizen to be quantified according to their “worth” to society. The Chinese social credit score is a variant of that same concept.
The phrase “you didn’t build that,” when espoused by former President Obama and current Senator Elizabeth Warren is also based on this collective worldview. Both believe that individuals do not succeed independently, but rather gain their ability to grow wealth by using the resources of the larger society, infrastructure, labor and education. The phrase “it takes a village” to raise a child, as espoused by Hillary Clinton is another variant of the same collective advocacy.
A digital currency and digital identity is not a conspiracy theory, these “global leaders” are explaining it to us out loud. However, I am concerned that most will not hear it, or understand it, until it is too late.
RT reached out to Martin Armstrong for an economist’s view on the Ukrainian conflict. Click here for a quick interview that explains why Zelensky has no incentive to seek peace.
Despite all the propaganda that was put out by John McCain, Putin was selected by Yeltsin because he was being blackmailed on the one side by the oligarchs in July 1999 and the communists on the other who introduced a motion in the Duma to impeach him for corruption that was related to the Bank of New York scandal.
Putin NEVER sought to resurrect the old USSR. In fact, he was the ONLY Russian leader to even criticize Lenin as just a bolshevik who destroyed a great empire of the Tsars. Lost in the pages of history, Russia at the time in 1917 had the largest gold reserves of any nation. Those gold reserves vanished and to this day have not been found. It was believed that they were hidden to prevent the Communists from seizing them.
Putin was there to restore Russia after the oligarchs plundered it and the Harvard boys who advised Russia on how to make the transition from Communism to Capitalism utterly never understood the most basic element of such a transition – the people. Putin’s most important achievement of his 20 years in power was restoring normalcy and stability to Russia. He went after the oligarchs and told them they could keep their money, but to stop interfering in politics.
The unwritten history that has been omitted from all books on the subject is that in 1991 when the USSR collapsed, NATO solicited Gorbachev to join NATO. That was one of the reasons there was a coup against him for the hardliners saw this would be a surrender of Russia to the USA. That is when Yeltsin stood on the tank and became President. Yeltsin was himself corrupt and he actually facilitated the rise of the oligarchs.
When Yeltsin turned to Putin out of desperation, the people cheered for Putin was neither an oligarch nor a communist. Despite the propaganda from the West, Putin truly enjoyed a 70%+ approval rating for the people neither wanted to lose all freedom to the communists and the oligarchs exploited the people to gain wealth.
Putin has refused to institute a draft to shore up Russian forces. However, despite all the propaganda that pours out of Ukraine, removing Putin will turn Russia very hard right and they are already criticizing Putin for being too soft.
There has been the strategy that inflation is rising and if Putin is smart, he will turn off the gas to Europe for the winter and show them how insane this is to (1) fuel a proxy war against Russia, and (2) push this Great Reset and the Green Agenda.
Basically, the hope remains that the West loses interest in supporting Ukraine as the costs rise. That’s been Russia’s hope and Ukraine’s dread before, but it seems more unlikely than ever at the moment before winter comes.
The most serious threat to Putin is losing the support of the elites. At the moment, Putin is the balance in the middle between hawks who want to see him crush Ukraine, and doves who want a peace settlement. As it stands now, the hawks would win for the West does not seek any peace and Zelensky says Kissenger is living in 1938 and refuses to yield one inch of territory to Russia. The Ukrainian Neo-Nazis instantly attacked the Donbas in 2014 and even put out a slogan that Crimea will be Ukrainian or Crimea will be depopulated. The hatred there is not going to ever vanish. The only reasonable solution is to allow the Donbas to vote, but since they are mostly ethnic Russians, Kyiv will never accept their vote.
It appears that the volatility will rise after this coming week. The Ukrainians may be forcing Putin’s hand to placate the Hawks since the Doves have been rejected by the West. NATO was Behind the Surprise Offensive In Kharkiv. Yet this victory for Ukraine was more of a staged PR event. The region was being held by local police units, not the Russian army which is in the South. Russia has achieved a 10:1 kill ratio against the Ukrainians in the region of the Donbas which is key. The Ukrainian forces that attacked Kharkiv were in effect a NATO army with the full support of Western intelligence and tactics. Because Kharkiv was held by police-type forces rather than the Russian army, it was clearly done for a PR event to raise morale and to get the West to send more money under the theory that Putin is on the run.
Posted originally on the conservative tree house on September 16, 2022 | sundance
Welcome to the new “democratic norms” in the industrialized west as Germany seizes the private assets of Russian owned energy company Rosneft; because oil refining is critical to fuel prices and German has just realized their vulnerability.
Within this new Build Back Better system, driven by the policies of western nations, it appears things are changing quickly. Democracy or capitalism in Germany is now quickly dispatched, as socialism -state control- becomes the priority.
Heck, I’m old enough to remember when everyone decried China’s authoritarian economic model for doing the exact same thing as Germany (a few months ago). But, well, we must pretend not to notice these things comrades….
(Reuters) – BERLIN, Sept 16 (Reuters) – Germany took control of a major Russian-owned oil refinery on Friday, risking retaliation from Moscow as Berlin strives to shore up energy supplies and meet its European Union commitment to eliminate Russian oil imports by the end of the year.
The economy ministry said it was putting a unit of Russian oil firm Rosneft (ROSN.MM) under the trusteeship of the industry regulator and taking over the business’ Schwedt refinery, which supplies 90% of Berlin’s fuel.
“This is a far-reaching energy policy decision to protect our country,” Chancellor Olaf Scholz told a news conference to present the government’s plans to put the Schwedt refinery under the control of the Federal Network Agency regulator. (read more)
Who knew economic security was national security?
Now, let’s start talking about USA food exports, shall we?
Also, I’ll take “Things That Won’t End Well” for $1000, Alex.
There are reports on the Russian General SVR Telegram channel, which tends to be an anti-Putin station, that is claiming there was an inside-job attempt to assassinate Putin with an attack on his motorcade. He was not harmed. They are claiming that the first car of the convoy was blocked by an ambulance, but the second car made a slight detour and did not stop. A loud bang was supposedly heard from Putin’s car, but it continued and arrived safely at the president’s residence.
They further claimed that the body of a man was then found driving the ambulance. They have reported that the head of the president’s bodyguards and several other people have been suspended and are in custody. Nobody has been named and there is no other news service that has reported this claim.
When we look at our models, the real higher volatility and the turning point in Russia appear to be in October, which is also a Panic cycle in the ruble. What we do see is that the Ukrainians carried out assassination hits in Russia. They have been trying to target Putin to kill him without success so far. They tried to kill Aleksandr Dugin with a car bomb, but they killed his daughter Darya Dugina. This is the car bombing of a pro-Putin supporter in Moscow. The sheer hatred between Ukrainian and Russians is legendary and as such the likelihood of this ever reaching peace is unlikely.
My sources continue to suggest that removing Putin will escalate things, not stop them. The hardliners will seize power and that will not be good going into 2023. Claiming they have Putin on the run is not going to win the day in Ukraine. It runs the risk of really escalating things for the hardliners in Moscow are criticizing Putin for being too soft on Ukraine. He for the first time started to attack their power grid. The hardliners will push for a serious attack against Ukraine rather than just securing the Donbas.
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