Source – zerohedge.com “…After months of anticipation, Evergrande finally failed to meet obligations on time – and it wasn’t the Lehman moment that some had predicted.…For now it seems authorities have accomplished their goal of teaching wayward companies (and the foolhardy foreign investors who bankrolled them) a tough lesson without crashing the nation’s financial markets….Beijing…
Source – zerohedge.com “…The lie that this significant ramp in secular inflation was only “transitory” was evident if you looked at their published August 2019 plans. Back before the NYFed REPO loan fiasco kicked off and many months before, the global economy reportedly was shut down by bat soup….Having seen the unprecedented expansion of the major central…
Source – economicprism.com “…One of the unspoken delights of the 21st century American experience is zeroing in on the precise moments when reality can no longer be covered up with lies….On Wednesday, the Labor Department reported the consumer price index (CPI) increased 6.2 percent in the last 12 months. In truth, the CPI is rising…
Source – oftwominds.com “…The grand irony now is that rather than saving the global economy by expanding its own debt bubble, China will pop the global Everything Bubble. To state the obvious, being a linchpin in the global economy makes China a consequential domino. Anyone who thinks the Fed’s speculative bubble in the U.S. can…
Source – armstrongeconomics.com “…Deputy Treasury Secretary Wally Adeyemo may have accidentally leaked the cause of America’s supply chain issues. “The reality is the only way we’re going to get to a place where we work through this transition is if everyone in America and everyone around the world gets vaccinated,” Adeyemo admitted in an interview with ABC…
Source – zerohedge.com “…Working people are the backstop of every mistake their government has ever made. The current analogy is that Inflation is a stealth tax. We feel it is much worse. Inflation is a slow motion default to its own citizens; in both financial and fiduciary responsibility” What the Debt Ceiling Fiasco Truly Means…
Source – davidstockmanscontracorner.com “…The Fed policy has literally turned everyday depositors into the indentured financial serfs of the banking system….Upwards of one-fifth of the real wealth of depositors has been seized by Fed-enabled bankers during the last decade alone” David Stockman On The Banking Ponzi Scheme That’s Savaging Depositors By David Stockman The toxic effects of the…
Source – goldmoney.com “…In this article I get to the source of the inflation problem, which is the monetary debasement of the dollar and other major currencies…I explain why GDP is simply the total of accumulating currency and credit which is wrongly taken reflect economic progress – there being no such thing as economic growth.…
Source – oftwominds.com “…This wholesale transfer of wealth and income from workers to Capital was documented by a RAND Corporation report, Trends in Income From 1975 to 2018. Time magazine summarized the findings: The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90% — And That’s Made the U.S. Less Secure“ The…
Source – economicprism.com “…How is it that the economy grew for nearly a decade straight, but the average worker saw no meaningful increase in their income? Did workers really sprint in place this entire time? How did they end up in this ridiculous situation?…The fact is, for the American worker, America’s brand of a centrally planned economy…
Source – strategic-culture.org “…We are told by the likes of Klaus Schwab, or World Economic Forum trustees Mark Carney, Christine Lagarde, and Chrystia Freeland that the age of free market capitalism which reined from 1971-2020 has come to an end, and that a new epoch of “green finance” under a decarbonizing world is upon us.…
Source – thedailybell.com “…Trump won in 2016 because he appealed to a large enough swathe of the non-ideological American populace that just wants a good future for themselves, their families, and their neighbors….He emerged victorious because he challenged both the neocon establishment in the GOP…as well as the neoliberal, globalist establishment in the Democratic Party. The 2016…
Source – scheerpost.com “…Global capitalists have turned back the clock to the early days of the Industrial Revolution. The working class is increasingly bereft of rights, blocked from forming unions, paid starvation wages, subject to wage theft, under constant surveillance, fired for minor infractions, exposed to dangerous carcinogens, forced to work overtime, given punishing quotas…
Source – internationalman.com “…How is it that no matter how much more money I make, I never seem to get ahead?”…In effect, the individual is used by the banking system as a milk cow. For his entire working life, inflation is carefully adjusted to extract as much monetary value from his labours as possible, whilst…
Source – northmantrader.com “…But the lid just got blown off the false narratives that have been propagated by central bankers from Powell on down with his now infamous claim that “Fed policies absolutely don’t add to inequality“. Of course QE adds to inequality. Even the Bank of Canada just sheepishly admitted it. But the real…
Source – leohohmann.com “…The “Great Reset,” as they have branded it, is really about the destruction of the American middle class. They want to make everything more expensive, from the fuel that powers your automobile and the trucks that haul your food, to utility rates and all manufactured goods. Food prices are sensitive to fuel…
Source – charleshughsmith.blogspot.com “…Many of these causes are part of a single dynamic, the decapitalization of the middle class and the decay of the ladder of social mobility which enabled tens of millions of workers to transform their wages into productive capital via saving and investment in their own human capital, their own enterprises and assets that earn income”…
Source – paulcraigroberts.org “…Hudson, who has been on the job of analyzing America’s eroding economy for a long time, emphasizes that the US economy is no longer a productive or industrial economy but a financialized economy in which bank lending is not used for new plant and equipment but for the financing of takeovers of…
Source – charleshughsmith.blogspot.com “…In other words, what separates the working class from the middle class is the middle class is able to transform their labor into capital while the labor of the working class only funds consumption. The working class is defined not by credentials, type of labor or credentials but by limited access to the means to…
Source – charleshughsmith.blogspot.com “…No, this is not a typo. As this RAND report documents, $50 trillion has been siphoned from labor (the lower 90% of the workforce) to the Financial Aristocracy and their technocrat lackeys (the top 10%) who own the vast majority of the capital” The Top 10% Is Doing Just Fine, The Middle…
Source – stephenlendman.org “…During two Obama/Biden regime terms, force-fed austerity was official policy, what’s likely to continue in some form ahead with no end of it in prospect by either right wing of the one-party state. Economist John Williams explained that US economic collapse keeps “hardening…” while Fed money creation expanded year-over-year by “a record…
Source – ericpetersautos.com “…Of course, “we” aren’t. There is the essential class – which issues and enforces the “mandates” – which it is important to constantly repeat are not laws but literally the arbitrary decrees of politicians grown fat, like blood-gorged ticks, with limitless power somehow acquired in the name of gesund…and there is the rest of us, deemed non-essential. We are supposed…
Source – charleshughsmith.blogspot.com “…Of the many things we cannot bring ourselves to admit, one of the most consequential is that our vaunted middle class is illusory, a phantom of our imagination rather than a reality. The reality is the vast majority of the nation’s wealth and income has been diverted from the middle class to those…
Source – zerohedge.com “…On top of it all, the government – who the average Joe trusts to do right by them – is telling them inflation has basically been a myth. Again, the Chapwood Index paints a different story, showing cost of living rising about 10% in major U.S. cities, annually” “It’s A Constant Struggle”: Cost…
Source – silverdoctors.com “…A fascinating study out of UCLA measured the effect in the British West Indies of plantation owners using the state and legal coercion to restrict the outside options of former slaves and thus secure a steady supply of cheap labor. Return to plantation owners was highest where they could successfully lobby to restrict homesteading…
Source – commondreams.org “…Forty years ago, around 1980, the uber-wealthy decided they wanted to get their money out of the economy….They wanted to take their money somewhere where they could pay people 1/20th what they paid here (less than $1 an hour), where there were no environmental or labor laws, where the workforce was plentiful, hungry,…
Source – theAnalysis.news “…We’re talking about eight trillion to the one percent, two trillion to the rest of the population. Nancy Pelosi and the Democrats made a deal with the Republicans. They both agreed that they wanted to pay their respective campaign contributors, the financial sector, and the real estate sector. They were realistic. We…
Source – theeconomiccollapseblog.com “…Even Jerome Powell is admitting that the boom years are over…As of October 24th, a total of 21.16 million Americans were bringing home some type of unemployment assistance. One year ago, that number was just 1.45 million” Fed Chair Powell Admits The Truth: “We’re Not Going Back To The Same Economy” By…
Source – charleshughsmith.blogspot.com “…Neofeudalism: the modern-day equivalent of the landless (i.e. owns no capital) serf is a landless (i.e. owns no capital) debt-serf with student loans, an auto loan and credit card debt and income that is constrained by globalization, financialization and the scarcity of high-paying work that isn’t reserved for insiders and the privileged few who chose their…
Source – cluborlov.blogspot.com “…You readily identify this state of affairs as a pure pyramid scheme. Since pyramid schemes all fail…you start looking for a way to front-run its collapse in order to maintain control of the situation. Your main short-term objective would be to avoid a worldwide panic by placing the global economy into something…
Source – canadianpatriot.org “…“What if a small group of world leaders were to conclude that the principal risk to the Earth comes from the actions of the rich countries? And if the world is to survive, those rich countries would have to sign an agreement reducing their impact on the environment. Will they do it?…
Source – naturalblaze.com – “…From grain elevators in Iowa, to sugar silos in New Orleans, to food warehouses in Essex, to grain reserves in Beirut — the world’s food supply chain is strangely going up in flames” Food Supply Spontaneously Combusting? Controlled DEMOLITION Of Supply Chain From grain elevators in Iowa, to sugar silos in…
Source – ellenbrown.com – “…For 95 percent of the population, the economy stopped growing in 2008, when Obama bailed out the banks and left all the bad debts in place. Since 2008, all the growth of GDP – all the increase in national income – has accrued just to the wealthiest five percent of the…
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