How does Janet Yellen still have a job? She is completely out of touch and merely a mouthpiece for the political elite. Treasury Secretary Janet Yellen had the audacity to claim that most Americans are happy with their financial situation despite every bit of data indicating otherwise. “So, they seem to perceive the economy as a whole as doing less well than they are personally. But most Americans feel good about their own economic situation.”
The CNN reporter questioning Yellen mentioned a poll in question showing that 75% of Americans realize that the economy is in poor condition. Another 63% said they disapprove of how President Biden is addressing the economic crisis. The reporter asked Yellen if she could assure the people that prices would go down, and she said no. Inflation allegedly is declining based on government data but people are still paying significantly more for absolutely everything.
Yellen is completely in bed with the WEF and the BUILD BACK BETTER global elite. She admitted that the true reason behind the Inflation Reduction Act was to propel the climate change agenda. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” Yellen admitted. She is either mentally impaired or dismissive of the true struggles Americans face. Since Biden is incapable of campaigning, Yellen is traveling around the states and touting the imaginary success of Bidenomics.
The most inflationary driver is war. When questioned, Yellen said it was simply Russia’s fault that the US was involved in this proxy war, and only the Russian economy is suffering. There are now questions on whether the white powdery substance found in the White House belongs to Yellen. She recently called the US debt downgrade “arbitrary” and disagrees with the data. She does not speak as an authority on economics, but rather, she speaks as if she were a puppet of the WEF implanted in government to spread economic-related propaganda.
COMMENT: Not only has Oliver Anthony’s songs gone viral here (NA) but also in China. Messages indicate that any kind of attempt to reference/share to his songs is now banned across WeChat. Apparently, there is a cleverly-worded Mandarin “rap version” circulating.
So the emotions appear to be universal and now…possibly something like “star spangled banner” as far as focus for a lot of disaffected workers…Every major change needs a proper emotional “anchor” and this appears to be possible here…
Did the Romans or other civilizations that collapsed experience music/song as part of the downfall?
take care,
YK
REPLY: Our client base is in the millions worldwide. I get interview requests from around the globe. That is definitely showing that many people around the world are coming to similar conclusions. The elite are being driven by Schwab and his deranged ideas. As I have said, he is a control freak in how he runs his WEF. He is trying desperately to do that to the entire world. He has ZERO respect for humanity and our freedom from tyranny as well as freedom of thought.
The fires in Maui claimed the lives of at least 99 people. Over a thousand people are still missing as crews rush to identify remains. This was the deadliest wildfire on US soil in over 100 years. There is a lot of speculation and conspiracy theories surrounding the fires, but one proven conspiracy is that the US government is putting America last.
On Sunday, the Federal Emergency Management Agency said it was too soon to calculate the damages, but a low estimate is $6 billion. The President of the United States made sure to address his main priority by sending a $200 million aid package to Ukraine this week. “Air defense, anti-armor, and munitions will keep the Ukrainian armed forces in the fight to defend their country’s sovereignty, territory, and people,” Secretary of State Antony Blinken announced on Monday as search teams continued to search Maui for any survivors. This is chump change for Ukraine as the White House is seeking hundreds of billions in extra funds.
Joe Biden was spotted on the beaches of Delaware this weekend as Hawaii burned down. He refused to comment on the situation and did not let it interrupt his vacation. Biden finally took to X (formerly Twitter) to address the crisis. “We’re laser-focused on getting aid to survivors, including Critical Needs Assistance: a one-time $700 payment per household offering relief during an unimaginable difficult time. We have the staff on the ground dedicated to helping survivors navigate the registration process.”
So Hawaii received $1.8 million in aid. What is $700 going to do for the people who lost everything and perhaps everyone? In comparison, a foreign nation received $200 million this week. We are witnessing what happens when the government pivots from America-First to America-Last policies.
As my readers know, part of the Great Reset is to eliminate private car ownership under the premise of climate change. But technology has become a new tool that manufacturers and the global elite can use to limit the freedom of movement. German automaker Mercedes-Benz recently declared that Russians will be removed from their software. Yet, Germany is technically not at war with Russia, and this is a penalty for civilians.
Dealerships are rushing to find loopholes, such as connecting vehicles to European IP addresses. Russian customers will have access to a limited online service that shows if part of the vehicle’s system is failing. Why would someone want to maintain the payments on a luxury vehicle if they’re not receiving full support? Mercedes-Benz will no longer export vehicles to Russia, marking a 1.4 billion euro loss for the company. Their plant in Moscow was discontinued in April, where they previously manufactured 30,000 cars per year.
This opens a new door for tyranny and control as car manufacturers can now directly punish the people of any nation. Germany is allegedly not at war with Russia, but they have the ability to prevent Russians from properly maintaining their vehicles. This is just the beginning, as now car manufacturers will have the power to disconnect customers from services with no repercussions. They state that only the wealthy Russian oligarchs can afford Mercedes, but that is simply not true. These smart cars have added maintenance requirements, and the software must be updated frequently. So, they’re ensuring that Mercedes in Russia become obsolete in the near future.
Daimler, one of the largest auto companies in the world, is a World Economic Forum partner. Mercedes-Benz Group AG was formerly known as Daimler AG as the companies are connected. Yes, there is an active plan in place to end private car ownership by 2050.
The blank checks are never-ending. I speak of the economic impact Biden has had on our country daily. This war in Ukraine has simply been the largest money grab in recent history rivaling COVID. Biden is asking for another $24 billion in aid to Ukraine. At this point, it is nearly comical because most of us realize that Ukraine is going to ask for aid indefinitely, and our politicians willfully comply because that’s in their best interests as well. They’re going to keep the war and money wheel going. Everyone but the people are enjoying the spoils of needless war. No details on where the money will be spent and why our politicians are prioritizing foreign aid over domestic.
Weeks ago, the Pentagon reported that they lost $600 billion in aid to Ukraine over an accounting error. Every supposed check and balance is letting that slide because Biden and the Neocons have become unstoppable. House Republicans say they will not vote for more aid, but there are Neocons who WANT WAR on both sides.
Absolutely no one with a sane mind is voting to send their money to fight “Russian aggression.” Times are not what they used to be and we do not have a common enemy. We have never had a common enemy. US politicians are ignoring the $31.4 trillion in debt that they cannot pay off. Postponing the debt ceiling debate was one of the main reasons US debt was downgraded.
Not everyone living in Ukraine is in squalor. There is a reason all top officials casually travel there like the airport is JFK. This entire scheme of Ukraine is going to cause an uprising.
Britain’s four largest banks have reported that clients have withdrawn £78 billion, marking the steepest bank run since 2018. NatWest, Barclays, Lloyds, and HSBC all reported significant withdrawals in the 12 months leading up to June 2023. Worsening matters, the House of Commons Treasury Committee accused the four banks of “blatant profiteering” and “squeezing higher profits from their loyal savings customers.” The people simply have lost confidence in the banks.
The Bank of England (BoE) all but admitted the UK was officially in a recession back in September 2022. Bank Governor Andrew Bailey stated there was nothing the central bank could do to prevent a recession at that stage. The central bank raised rates for the 14th time at its last meeting, bringing the borrowing rate to 5.25%, which marks the highest level since February 2008. Those with two-year mortgages have felt the pressure as the average fixed rate now sits at 6.85% compares to 3.95% last August. Bailey said “depending on what the evidence on the economy indicates, we might need to raise interest rates again but that’s not certain,” worsening confidence in the central bank.
The big four, as they are known, have passed their costs onto the consumers and then some. Unite analysis found in March 2023 that these institutions managed to profit an additional £7 billion due rising rates. Yet, the ONS found that households were spending 1.5 percentage points more on financial services, a cost that continues to rise. The financial sector is coming out as the winner in all of this as workers in the sector have seen their incomes nearly triple since 2021. Additionally, the big four have seen a 42% rise in profits since the pandemic and have been aided by government tax cuts.
Unite’s analysis concluded:
“Unite’s research shows how the banks have already made billions in extra profit from interest rate rises. If the MPC raises rates again they stand to gain even more. Banks treat these rises as a licence to pick the pockets of householders across Britain. “Unbridled profiteering is taking billions of pounds away from workers and communities and putting it into the hands of corporate Britain. Last year, the profits of the big four banks soared to an eye watering £33 billion. Politicians need to wake up. It’s only by taking on runaway profiteering that we can end the cost of living crisis.”
Smart money is simply moving out of the banks. People are shopping around at smaller institutions that offer a competitive advantage and/or placing their money where it will not continue to decline in value. It will only become more expensive for consumers to keep their money in these institutions as rates rise since inflation is far from under control. So far, the banks are not worried about liquidity, but watch out if this becomes a trend.
Credit card balances in the US have surpassed $1 trillion for the first time, with balances up almost 20% from a year ago. The Federal Reserve Bank of New York reported that total credit card debt stood at $986 billion in the first quarter of 2023, unchanged from the record hit at the end of 2022. The average credit card interest rate offered in the US over the last three months of 2022 stood at 21.6%, according to WalletHub, a jump from about 18% a year prior. Americans are now tapping into their retirement funds to make ends meet.
Hardship withdrawals allow employees to pull money out of their 401K for an “immediate and heavy financial need.” No one would recommend doing this unless the situation was dire. Bank of America reported that 15,950 employees enrolled in 401K programs made a hardship withdrawal during the first three months of 2023, a 36% rise from Q2 22. Individuals must show evidence that the money will be used for a major hardship in order to avoid the 10% early withdrawal fee imposed for those under 59.5.
It costs more money to borrow thanks to rising interest rates. The majority of Americans do not have money stashed away for a rainy day, and those who do are rapidly draining their accounts to keep up with Biden’s economy. The CPI report in June showed a rise of 3% YoY, but look around, absolutely everything is more expensive. Shelter costs have reached an all-time high and the price of food is on the rise, especially with wheat price manipulation going on using the war in Russia as a guise. Why are we sending hundreds of billions to a foreign nation when our own people cannot afford to live? The masses need to wakeup and get mad at their current predicament before the next election if we even have one.
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!
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