Lee Camp Published originally on Rumble on November 26, 2022
This is not just a Recession — it is a Massive Economic Shift!
Not Just Recession—Massive Economic Shift!
Tag Archives: You will own nothing
The Consumer Economy Has Completely Collapsed – “It’s a Ghost Town” for Holiday Shopping Everywhere
Posted originally on the conservative tree house on November 26, 2022 | Sundance
“Crowds? I see nothing. I’m surprised,” retail worker Jeremy Pritchett told FOX 2. “Normally, it’s wrapped all the way around the building. Today: no one.”
That’s the typical ground report from areas all over the country. No one, literally almost no one, is doing any holiday shopping and the traditional Black Friday rush to get deals and discounts just didn’t happen. Financial media are scratching their puzzlers, perplexed with furrowed brows.
Interestingly, almost every financial media outlet is using the same Retail Federation talking point about anticipating an 8% increase in holiday sales this year. Apparently, pretenses must be maintained. Meanwhile, news crews and camera crews are having a desperate time finding any holiday shopping to use as background footage for the claims that sales are strong.
“Look, over there. There’s a person buying something. Oh, wait, no, that’s just an employee dusting the empty cash register.” At a certain point, one would have to believe reality would run head-first into the mass delusional pretending. Maybe this holiday season will be it, maybe not.
Reuters – […] About 166 million people were planning to shop from Thursday’s Thanksgiving holiday through this coming “Cyber Monday,” according to the National Retail Federation, almost 8 million more than last year. But with sporadic rain in some parts of the country, stores were less busy than usual on Black Friday.
“Usually at this time of the year you struggle to find parking. This year, I haven’t had an issue getting a parking spot,” said Marshal Cohen, chief industry adviser of the NPD Group Inc.
“It’s a lot of social shopping, everybody is only looking to get what they need. There is no sense of urgency,” Cohen added, based on his store checks in New York, New Jersey, Maryland and Virginia.
At the American Dream mall in East Rutherford, New Jersey, there were no lines outside stores. A Toys ‘R’ Us employee was handing out flyers with a list of the Black Friday “door buster” promotions. (read more)
It’s almost Kafkaesque to see how the media are continuing to maintain economic pretenses, yet the reality of a completely collapsed consumer economy is physically staring them in the face.
(Bloomberg) – Activity Light at One San Francisco Mall (4:40 p.m.) – At the Stonestown mall in San Francisco, shoppers were few and far between. The Target and Zara stores were mostly empty, and there was no line for the mall’s Santa Claus. Uniqlo and Apple were the busiest locations, but they still weren’t crowded.
[…] Crowds were thin in the late morning at the Stamford Town Center mall. Kay Jeweler, empty. Safavieh, empty. Only a couple of people waited at the checkout line at Forever 21 and just a few were in line for a purchase at Barnes & Noble.
[…] At a Target store on Chicago’s North Side, the parking lot was barely half full at about 9 a.m. local time. Shoppers were greeted with $3 ornaments and discounted Christmas trees when entering, and the store seemed calm and relatively quiet.
[…] The Macy’s in Stamford, Connecticut, was neat and orderly — maybe a little too neat and orderly on a day associated with shopping chaos. The furniture section was nearly deserted, though there were more shoppers looking at shoes. (read more)
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New Interview: 2023 Will Be A Year Of Chaos and Big Challenges for the US
Armstrong Economics Blog/Armstrong in the Media Re-Posted Sep 5, 2022 by Martin Armstrong
Watch the latest interview above or click here.
Fannie Mae More Than Triples Negative Forecast for Housing Sales
Posted Originally on the conservative tree house on April 19, 2022 | sundance
Lots of people talk about an inflation driven recession. Essentially, that’s a total economic contraction in the value of goods and services produced, sold and purchased, due to rising prices. However, as CTH has been pointing out for more than six months, if you subtract the federal COVID infusion money from the overall economy, we have been in a contracting demand economy for almost nine months.
A negative GDP outcome is quite possible, perhaps likely, when the first quarter GDP figures are released on the last Friday of this month. The most recent sales and economic data shows that U.S. consumers are prioritizing spending and high priced durable good sales are negative.
Now, Fannie Mae is delivering a rather stunning shift in their economic forecast. In addition to projecting a recession for 2023, these revised home purchase figures are remarkable:
...”We have downgraded our total home sales forecast for 2022 to a decline of 7.4 percent (previously a 4.1 percent decline) followed by a decrease of 9.7 percent in 2023 (previously a 2.7 percent decline).” (link)
That is a very significant change in home sales forecast to the negative position.
We already have serious energy inflation to contend with and low wage growth. We already know a third inflation wave on highly consumable goods is coming this summer, likely around 30% or more in food prices at the grocery store.
The professional forecasts are always tilted toward the positive for this administration, so this new statement by Fannie Mae should be considered accordingly. Remember, Boy Scouts motto.
Having Children is the Most Destructive Thing the Planet?
Armstrong Economics Blog/Population Re-Posted May 12, 2021 by Martin Armstrong
These people are truly insane. If they believe that humans are the most destructive thing on this planet, then they should lead the way to mass suicide. It makes one think that perhaps in protest, we need to go have as many children as possible, for the birth rates have been declining. I have been in discussions in Europe, and the main reason they have welcomed the immigrants is that their birth rate has declined, and their social programs are collapsing. By allowing the immigrants into Europe, the true objective was to increase the workforce in hopes of sustaining the Socialist system and retirement plans that are crumbling.
Gates has won the day. He is having all of these environmentalists taking grants from his foundation to put out studies to support his position of reducing the population.
Melinda Gates to Divorce Bill – Hallelujah
Armstrong Economics Blog/Disease Re-Posted May 3, 2021 by Martin Armstrong
Bill and Melinda Gates are filing for divorce. The inside scoop is she has not been happy with his direction of changing the world and all the hate mail directed at them. It was really just a question of time. What Bill Gates has set out to force the world to ZERO CO2 and to reduce the population has gradually eaten away at Melinda. Some suggest that she has an inner conscious about humanity which is absent from Bill. This will be a most interesting DIVORCE for it seems to actually fit with our models.
I published this forecast on Gates back on May 8, 2020. I warned back then that this was the peak of his eighth 8.6-year wave which hit April 28th, 2020. Gates’ and Schwab’s attempt to take over the world using scare tactics is a very dangerous proposition. I warned that the “ideal peak in his power may have taken place on April 28th and that is good news for us. If this proves correct, he should be in for a fall in prestige and power going into 2024.”
His divorce is actually coming right on target. It is actually a welcome piece of news that his wife is divorcing him. It pretty much confirms that the peak in his power was indeed April 2020 when he launched this Great Reset. Perhaps all the hatred being poured out against Gates has finally made Melinda see the real person that he is – a very dangerous individual. The peak of his 8.6-year personal cycle also marked 26 years of his marriage.
Hallelujah – the Self-Annoited Health Czar of the World has reached his peak!
THE NEXT ENDLESS FRAUD / SCAM ON THE PROPAGANDA SCREENS | FEEL GUILTY FOR LIVING
Great Reset & Fake Pandemic
Armstrong Economics Blog/Disease Re-Posted Apr 29, 2021 by Martin Armstrong
COMMENT: Marty,
It’s one thing to steal an election, create a border crisis(when there was none) and then orchestrate an alleged attack on the Capitol, thus creating the perfect recipe for another attempt at impeachment.
But with complications now surfacing with these vaccines(and follow on boosters, which by design are to ensure a continuous feed of data into Big Tech), it appears the Lockdown states are now confronted with a serious dilemma: how to explain the drop in Covid cases and deaths in the non-Lockdown states, many of which have dropped the mask mandates. These same Lockdown states, which are pushing the vaccine, are seeing no relief, populations fleeing, and more coercive policies possibly being put into place.
This brings us to Biden’s threat yesterday stating there will be no 4th of July celebrations if not enough people sign up for the vaccine! So, what is not mandated now becomes a threat of retaliation. Against everyone. Not just the vaxxers.
Is there any doubt Biden wants to shut down the economy again, following the lead of Europe? He is trapped by the promise of the vaccine with the reopening. But Europe can’t(or won’t) with problems surrounding vaccine safety and availability. And Europe’s success in the lockdown hinges on its practice in the US.
Marty, you mentioned something happening late summer. This seems right. Perhaps it is renewed crisis overseas, perhaps vaccine fatigue setting in, perhaps resistance building nationwide against wearing masks. It may even be more racial strife…we don’t know…Whatever the cause(s), it seems to me we are getting closer to some inflection point, people beginning to fight back, government sense they are losing the PR battle(Fauci…overexposed, mendacious, a serial liar)….and perhaps major problems surfacing with the vaccines…deaths, complications, which work against the architects of this scam. The tease of reopening foreign travel looks fleeting….people are staying domestic… which means people moving around…and nothing the government can do about it…..looks to me like this idiot(B) will declare some kind of national emergency…watch!
MS
REPLY: August is, for some reason, a period when war and civil unrest rise. It often marks major highs in markets around Labor Day, like September 3, 1929, and so many others. This is not about health; it is all about climate change. The Panic Cycles we see and the chaos between August-September may very well be domestic civil unrest, most likely starting in Europe. Literally, thousands of people are contracting COVID after being vaccinated, and some are still dying. The CDC admits over 70 people have died after being vaccinated by COVID.
The politicians have used this virus for political gains to shut down the economy and reduce CO2. The WEF has been boasting that the lockdowns are working in saving the planet. Meanwhile, they are destroying civilization, and the future people thought they were entitled to. This will come to a head, and perhaps the August-September timeframe will be the time of reckoning.
The Real Danger of BigTech Censorship
Armstrong Economics Blog/Press Re-Posted Apr 28, 2021 by Martin Armstrong
When the oligarchs assassinated Caesar and Cicero put out a never-ending onslaught against Gaius Julius Caesar (100-44 BC), Brutus (85-32 BC) issued a coin promoting that he killed Caesar on the Ides of March for the people. This was an early propaganda coin. However, in fact, the people supported Caesar against the oligarchy.
The Senate had to flee Rome because the people did not support them. Their champion was Caesar – not Cicero and Brutus. As for Brutus, Suetonius (Divus Augustus, 13) says that his head was sent to Rome to be thrown at the feet of Caesar’s statue.
Perhaps the greatest of all fake news reporters was none other than Cicero (104-43 BC). He was an Optimat (Oligarch) and thus was against Julius Caesar (100-44 BC) who was a member of the Populares (for the People) rather than the Oligarchs. The leader of the Optimates was none other than Cato. It was Plutarch who reported that when a friend of Cicero remarked that the constellation of Lybra was due to rise the next day, Cicero snapped – “Yes, by edict.”
This is merely an example that the Optimates were constantly complaining about every reform Caesar would make including the calendar which they would bribe the priest to delay elections. Because of the fake news of Cicero, even Shakespeare bought into it and painted Julius Caesar as a ruthless dictator. However, when Caesar crossed the Rubicon, the cities all cheered and opened their gates. The Optimates had no support of the people for they were exploiting the Republic since they were the Oligarchs. It was Cato who instigated the Civil War.
Cicero paid not just with his life, but they cut off his hands and nailed them with his head on the Rostra in the Forum Romanum according to the tradition. According to Cassius Dio, Marc Antony’s wife Fulvia took Cicero’s head, pulled out his tongue, and jabbed it repeatedly with her hairpin in an act of final revenge against Cicero’s power of speech.
Every ruthless government in history has used the media for propaganda. This has been an ancient practice. Following the death of Nero, that was the end of the Julio-Claudian line. People jumped for joy and may believe that the Republic would then be restored. This is also when the Jews rebelled and thought they could now move to be independent and exist the Roman Empire. After a civil war, the military general Vespasian (69-79 AD) rose to power defeating his rivals. The Romans used the reverse side of the coins as newspapers announcing various events and victories. Vespasian had to crush the Jews or risk that other previous conquered lands might try the same solution of rebellion. The coinage of Vespasian marked the defeat of Judea and he proudly announced – “CAPTIA” proclaiming their defeat as a warning to all other provinces.
In October 1943, French citizens awoke to find the streets of Paris were littered with the United States $1 Silver Certificates of 1935. The French were overjoyed believing that Americans from the land where the streets were paved in gold, had showered them with dollar bills following the defeat of the German occupation forces. However, upon close examination, not only did all the bills have the same serial number Y91033384A, but they unfolded, and inside was propaganda.
The front and the back of the folded leaflet were excellent reproductions of the genuine one-dollar bills. Inside was a vicious attack upon the United States and Judaism. The propaganda read:
This dollar is valid only if signed Morgenthau. The Minister of the United States Treasury is the Jew Morgenthau Junior, allied to the big sharks of international finance. All the Jewish symbols appear on this dollar: the Eagle of Israel, the Triangle, the Eye of Jehovah and the thirteen letters of the device, stars of the halo, arrows, olive branches and steps of the unfinished pyramid. This money is certainly Jewish! This dollar has paid for the Jewish war. The only message that the Anglo-Americans are able to address to us is: Will this dollar be enough to compensate us for the sorrows caused by the Jewish war? Money has no smell … but the Jew has one!”
Propaganda has been a powerful tool that has torn society apart and always seeks to divide and conquer.
This is the danger that mainstream media now threatens our very future. They are shameless and never reflect that what they are doing leads only to one conclusion. Why is CNN, the New York Times, and The Washington Post, the leaders of this cabal, joined by ABC, CBS, and NBC, acting in such a treasonous manner? What is the end objective? Sterilized genocide to save the planet? Chelsea Clinton, who Hillary is grooming for 2024, is now openly calling on Facebook to SILENCE Tucker Carlson. Such a move shows a complete disregard for the First Amendment and even Bill Gates advocating silencing all his critics — the “crazies” he calls them. Anyone who advocates silencing their opposition is a traitor to everything the American dream and Constitution stood for and generations were asked to lay down their lives to protect. These people have no place in a democratic society.
Free speech protected by the First Amendment. This means that I must respect that even Communists have a right to speak, for if I do not defend their right to speak, then I myself have no right to speak. Silencing the opposition is ruthless tyranny. Just look at history. It warns us of people like Chelsea Clinton and Bill Gates.
Why Does the Left Trust Gates but not Billionaires & Corporations?
Armstrong Ecoonmics Blog/Corruption Re-Posted Apr 28, 2021 by Martin Armstrong
To me, it is astonishing that the left, who hates the rich and big corporations, will run around with masks and TRUST everything the vaccine companies and Gates say. I really cannot comprehend the sheer stupidity of these people. If I see someone wearing a mask simply walking down the street, I have no interest in even acknowledging them at all.
They are leading humanity down a very dangerous path.
Centinel2012 