Source – davidstockmanscontracorner.com “…In just the last 365 days, Congress has enacted $6 trillion of Covid-Lockdown bailouts—a figure 7.5X the $800 billion loss of GDP during the same period. It’s also $49,000 for every single household in America. Likewise, the Fed’s balance sheet has erupted from an already bloated $4.2 trillion a year ago to…
Source – silverdoctors.com “…It simply does not require a genius financial mind or the word “Harvard” on your resume to see where this is going. We are again heading towards a housing crisis, only this time the bar is lower as the average American is getting less house and is paying more for it. Of…
Source – asiatimes.com “…Late last week in Beijing, the sixth plenum of the Chinese Communist Party adopted a historic resolution – only the third in its 100-year history – detailing major accomplishments and laying out a vision for the future…China’s renaissance will smash memories of the ‘century of humiliation’ once and for all…The importance of…
Source – bloomberg.com “…Net worth worldwide rose to $514 trillion in 2020, from $156 trillion in 2000, according to the study. China accounted for almost one-third of the increase. Its wealth skyrocketed to $120 trillion from a mere $7 trillion in 2000, the year before it joined the World Trade Organization, speeding its economic ascent”…
Source – stuartbramhall.wordpress.com “…Over the following decades, Lincoln’s American model became the center of the international fight between those who would seek to uplift their people and develop strong national economies, against the British Empire’s desire to wipe out all memory of such methods and maintain a “steady-state” world based upon enforced backwardness. Even today,…
Source – stuartbramhall.wordpress.com “…The economic discontent that propelled both Donald Trump and Bernie Sanders to popularity had been building for many years. As a recent article in the journal American Affairs noted, $34 trillion of real equity wealth, in 2017 dollars, was created between 1989 and 2017. Nearly half that sum (44%) consisted of a…
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 – globalresearch.ca “…In the 1930’s populism resurfaced in America after Goldman Sachs, Lehman Bank and others profited from the Crash of 1929. [12] House Banking Committee Chairman Louis McFadden (D-NY) said of the Great Depression, “It was no accident. It was a carefully contrived occurrence…The international bankers sought to bring about a condition of…
Source – https://renegadeinc.com “…Nicholas argues that in order for the system to regenerate and go into its upswing phase, the non-repayable part of accumulated debt needs to be destroyed. The ongoing debate among economists is how best this can be done? Hyper-inflation and the monetisation or cancelling of debt are widely seen as potential remedies.…
Source – theamericanconservative.com “…As doughboys landed in France, J.P. Morgan felt reassured that its loans would be repaid by a victorious British government. It was said the son made more money in two years than his father had in his entire life. And weapon manufacturers saw their profit margins skyrocket like never before. The DuPont…
Source – ellenbrown.com “…Called a natural asset company, or NAC, the vehicle will allow for the formation of specialized corporations “that hold the rights to the ecosystem services produced on a given chunk of land, services like carbon sequestration or clean water.” These NACs will then maintain, manage and grow the natural assets they commodify, with the…
Source – renegadeinc.com “…The economist also advises that students avoid enrolling at economics faculties, thus enabling them to die out on their own. “A dozen years after the financial crisis”, says Keen, “they’re still using the same stupid models to not predict the future. So go and just study something else. Go and do System…
Source – oftwominds.com “…But a funny thing happened on the way to Corporate Profit Nirvana: America became dependent on foreign supply chains…Now that the entire global supply chain has been optimized to maximize profits as the expense of buffers, the buffers are too thin to save the system from collapse. (see chart) The entire dependency chain depends on…
Source – strategic-culture.org “…The Marshall Plan and the rescue of the Bretton Woods proposals shaped the core of American economic initiatives. Therefore, both of them had a main geopolitical objective. They were an expression of the submission of the economic order to the geopolitical one. In other words, one could define both Marshall Plan and…
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 – journal-neo.org “…China through the BRI has transformed an isolated, landlocked nation in Southeast Asia into a conduit that will connect Southeast Asia to China and enjoy all the benefits of becoming a crossroad between Southeast and East Asia….Laos is not only now connected to the rest of China through its new high-speed rail…
Source – mercola.com “…Since the mid-1970s, two corporations — Vanguard and Blackrock — have gobbled up most companies in the world, effectively destroying the competitive market on which America’s strength has rested, leaving only false appearances behind. Indeed, the global economy may be the greatest illusionary trick ever pulled over the eyes of people around…
Source – ellenbrown.com “…Varoufakis calls our current economic scheme “postcapitalism” and “techno-feudalism.” As in the medieval feudal model, assets are owned by the few. He notes that the stock market and the businesses in it are essentially owned by three companies – the giant exchange-traded funds BlackRock, Vanguard, and State Street. Under the highly controversial…
Source – https://home.solari.com “…And since those balance sheets have been absolutely larded with sovereign debt for the last year—actually, let’s make that “alleged debt” since it has no legal validity in the first place, not when the underlying liabilities fail to qualify legally as liabilities—the public and private debt burdens are being overstated to the…
Source – geopolitics.co “….The long-festering supply-demand disequilibrium entered a point of no return when the coronavirus pandemic was declared in March 2020…All the Black Swans, bred specifically for the Great Reset, are coming home to roost. Ripple effects from China’s Evergrande real estate debacle, involving debts of $305 billion no less, have impacted Sweden’s electric…
Source – charleshughsmith.blogspot.com “…It’s not just the workforce that‘s rebelling–consumers will eventually rebel, too. The solution to corporate scrimping on service is to simply stop giving them money. Don’t wait in line for diminished products, don’t book the room or flight, do something better (and more satisfying) with your time and money” Skimpflation, Shrinkflation, & The Rising…
Source – journal-neo.org “…At a recent IMF event…UN Secretary-General António Guterres said that the COVID-19 coronavirus plunged over 100 million people into poverty, with over 4 billion people with little or no social support.…According to the Swiss bank UBS, during the coronavirus disaster, the combined fortune of our planet’s billionaire super-rich has grown to $14.7…
Source – robertreich.org “…Don’t believe corporate America’s “labor shortage” bullshit. This is an unofficial general strike…But what’s really happening is more accurately described as a living-wage shortage, a hazard pay shortage, a childcare shortage, a paid sick leave shortage, and a health care shortage…Unless these shortages are rectified, this unofficial general strike will continue. I…
Source – charleshughsmith.blogspot.com “…Go ahead and lie, cheat, embezzle, rig markets, commit fraud, collude–everything is allowed if you’re a powerful corporation because all your execs have get out of jail free cards… Nobody in Corporate America ever goes to prison no matter how egregious the fraud or theft. And you get to keep all the loot” “Capitalism”…
Source – stuartbramhall.wordpress.com “…Thanks to the rollout of miraculous new technologies (eg the internal combustion engine, the electrical grid, the telephone, radio, moving pictures) that made their inventors fabulously rich, in the 1920s wealth ceased to be a monopoly of the well-born…Despite the common portrayal of Ponzi as a swindler and sociopath, the filmmakers paint…
Source – oftwominds.com “…Why do state universities need to market themselves like a roto-rooter service? Maybe because they’re both working the sewers: state universities are exploiting the student loan sewers, desperate to recruit another batch of debt-serfs who fell for the 3-card monte game in which a lifetime of debt is exchanged for a credential…
Source – ellenbrown.com “…Critics have long questioned why violent intervention was necessary in Libya. Hillary Clinton’s recently published emails confirm that it was less about protecting the people from a dictator than about money, banking, and preventing African economic sovereignty…In other words: It’s the banksters, stupid!” SM:… Needless to say, Gaddafi was the “Gold Standard”…
Source – asiatimes.com “…The “empire is crumbling” and the dollar is “slowly losing its sheen,” says Peter Koenig at Renmin University of China. Slowly, but surely, he says, the dollar “is losing its weight in the international financial market…During his time in office, Trump’s inner circle mulled canceling portions of the debt the US owed…
Source – voltairenet.org “… US capital owners felt threatened. They tried several approaches to save their country and maintain the system…The first was to transform the US economy into an arms exporter and to use the US armed forces to control the raw materials and energy sources of the non-globalised part of the planet used by…
Source – strategic-culture.org “… Who’s Missing From the Pandora Papers: The Main Offenders and Accomplices – By Werner RÜGEMER Missing from the elaborate Pandora “disclosure” are not only the main financial havens, companies and banks, but also today’s leading investors. At a cost of many millions of dollars, euros, pesos, etc., 600 journalists from 148 media outlets and 117…
Source – zerohedge.com “…And there you have it: just as covid was one giant smokescreen to “allow” central banks and Treasuries to merge and lead us to Helicopter Money and MMT, creating some $30 trillion in liquidity in the process, the “Net Zero” myth is what will perpetuate this endless printing for the next 30…
Source – veteranstoday.com “…The company of Kamala Harris’ husband, DLA Piper, advises a group of companies owned by the Chinese Communist Party and has hired former Chinese Communist Party officials. Kamala Harris is a member of the Alpha Kappa Alpha Lodge (AKA), linked to the Masonic order of the Eastern Star. Only two white women…
Source – oftwominds.com “…America’s economy has changed in ways few of the winners seem to notice, as they’re too busy cheerleading their own brilliance and success. In the view of the winners, who just so happen to occupy all the seats at the media-punditry-Federal Reserve, etc. table–the rising tide of stock, bond and real estate…
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