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The FBI’s Mafia-Style Justice: To Fight Crime, the FBI Sponsors 15 Crimes a Day

This article was originally published by John W. Whitehead and Nisha Whitehead at The Rutherford Institute. 

“Whoever fights monsters should see to it that in the process he does not become a monster.”— Friedrich Nietzsche

Almost every tyranny being perpetrated by the U.S. government against the citizenry—purportedly to keep us safe and the nation secure—has come about as a result of some threat manufactured in one way or another by our own government.

Think about it.

Cyberwarfare. Terrorism. Bio-chemical attacks. The nuclear arms race. Surveillance. The drug wars. Domestic extremism. The COVID-19 pandemic.

In almost every instance, the U.S. government (often spearheaded by the FBI) has in its typical Machiavellian fashion sown the seeds of terror domestically and internationally in order to expand its own totalitarian powers.

Who is the biggest black market buyer and stockpiler of cyberweapons (weaponized malware that can be used to hack into computer systems, spy on citizens, and destabilize vast computer networks)? The U.S. government.

Who is the largest weapons manufacturer and exporter in the world, such that they are literally arming the world? The U.S. government.

Which country has a history of secretly testing out dangerous weapons and technologies on its own citizens? The U.S. government.

Which country has conducted secret experiments on an unsuspecting populace—citizens and noncitizens alike—making healthy people sick by spraying them with chemicals, injecting them with infectious diseases, and exposing them to airborne toxins? The U.S. government.

What country has a pattern and practice of entrapment that involves targeting vulnerable individuals, feeding them with the propaganda, know-how, and weapons intended to turn them into terrorists, and then arresting them as part of an elaborately orchestrated counterterrorism sting? The U.S. government.

Are you getting the picture yet?

The U.S. government isn’t protecting us from terrorism.

The U.S. government is creating terror. It is, in fact, the source of the terror.

Consider that this very same government has taken every bit of technology sold to us as being in our best interests—GPS devices, surveillance, nonlethal weapons, etc.—and used it against us, to track, control, and trap us.

So why is the government doing this? Money, power, and total domination.

We’re not dealing with a government that exists to serve its people, protect their liberties and ensure their happiness. Rather, these are the diabolical machinations of a make-works program carried out on an epic scale whose only purpose is to keep the powers-that-be permanently (and profitably) employed.

Case in point: the FBI.

The government’s henchmen have become the embodiment of how power, once acquired, can be so easily corrupted and abused. Indeed, far from being tough on crime, FBI agents are also among the nation’s most notorious lawbreakers.

Whether the FBI is planting undercover agents in churches, synagogues, and mosques; issuing fake emergency letters to gain access to Americans’ phone records; using intimidation tactics to silence Americans who are critical of the government, or persuading impressionable individuals to plot acts of terror and then entrapping them, the overall impression of the nation’s secret police force is that of a well-dressed thug, flexing its muscles and doing the boss’ dirty work.

For example, this is the agency that used an undercover agent/informant to seek out and groom an impressionable young man, cultivating his friendship, gaining his sympathy, stoking his outrage over the injustices perpetrated by the U.S. government, then enlisting his help to blow up the Herald Square subway station. Despite the fact that Shahawar Matin Siraj ultimately refused to plant a bomb at the train station, he was arrested for conspiring to do so at the urging of his FBI informant and used to bolster the government’s track record in foiling terrorist plots. Of course, no mention was made of the part the government played in fabricating the plot, recruiting a would-be bomber, and setting him up to take the fall.

This is the government’s answer to precrime: first, foster activism by stoking feelings of outrage and injustice by way of secret agents and informants; second, recruit activists to carry out a plot (secretly concocted by the government) to challenge what they see as government corruption; and finally, arrest those activists for conspiring against the government before they can actually commit a crime.

It’s a diabolical plot with far-reaching consequences for every segment of the population, no matter what one’s political leanings.

As Rozina Ali writes for The New York Times Magazine, “The government’s approach to counterterrorism erodes constitutional protections for everyone, by blurring the lines between speech and action and by broadening the scope of who is classified as a threat.”

This is not an agency that appears to understand, let alone respect, the limits of the Constitution.

Just recently, it was revealed that the FBI has been secretly carrying out an entrapment scheme in which it used a front company, ANOM, to sell purportedly hack-proof phones to organized crime syndicates and then used those phones to spy on them as they planned illegal drug shipments, plotted robberies and put out contracts for killings using those boobytrapped phones.

All told, the FBI intercepted 27 million messages over the course of 18 months.

What this means is that the FBI was also illegally spying on individuals using those encrypted phones who may not have been involved in any criminal activity whatsoever.

Even reading a newspaper article is now enough to get you flagged for surveillance by the FBI. The agency served a subpoena on USA Today/Gannett to provide the internet addresses and mobile phone information for everyone who read a news story online on a particular day and time about the deadly shooting of FBI agents.

This is the danger of allowing the government to carry out widespread surveillance, sting, and entrapment operations using dubious tactics that sidestep the rule of law: “we the people” become suspects and potential criminals, while government agents, empowered to fight crime using all means at their disposal, become indistinguishable from the corrupt forces they seek to vanquish.

To go after terrorists, they become terrorists. To go after drug smugglers, they become drug smugglers. To go after thieves, they become thieves.

For instance, when the FBI raided a California business that was suspected of letting drug dealers anonymously stash guns, drugs, and cash in its private vaults, agents seized the contents of all the safety deposit boxes and filed forfeiture motions to keep the contents, which include millions of dollars worth of valuables owned by individuals not accused of any crime whatsoever.

It’s hard to say whether we’re dealing with a kleptocracy (a government ruled by thieves), a kakistocracy (a government-run by unprincipled career politicians, corporations, and thieves that panders to the worst vices in our nature and has little regard for the rights of American citizens), or if we’ve gone straight to an idiocracy.

This certainly isn’t a constitutional democracy, however.

Some days, it feels like the FBI is running its own crime syndicate complete with mob rule and mafia-style justice.

In addition to creating certain crimes in order to then “solve” them, the FBI also gives certain informants permission to break the law, “including everything from buying and selling illegal drugs to bribing government officials and plotting robberies,” in exchange for their cooperation on other fronts.

USA Today estimates that agents have authorized criminals to engage in as many as 15 crimes a day (5600 crimes a year). Some of these informants are getting paid astronomical sums: one particularly unsavory fellow, later arrested for attempting to run over a police officer, was actually paid $85,000 for his help laying the trap for an entrapment scheme.

In a stunning development reported by The Washington Post, a probe into misconduct by an FBI agent resulted in the release of at least a dozen convicted drug dealers from prison.

In addition to procedural misconduct, trespassing, enabling criminal activity, and damaging private property, the FBI’s laundry list of crimes against the American people includes surveillance, disinformation, blackmail, entrapment, intimidation tactics, and harassment.

For example, the Associated Press lodged a complaint with the Dept. of Justice after learning that FBI agents created a fake AP news story and emailed it, along with a clickable link, to a bomb threat suspect in order to implant tracking technology onto his computer and identify his location. Lambasting the agency, AP attorney Karen Kaiser railed, “The FBI may have intended this false story as a trap for only one person. However, the individual could easily have reposted this story to social networks, distributing to thousands of people, under our name, what was essentially a piece of government disinformation.”

Then again, to those familiar with COINTELPRO, an FBI program created to “disrupt, misdirect, discredit, and neutralize” groups and individuals the government considers politically objectionable, it should come as no surprise that the agency has mastered the art of government disinformation.

The FBI has been particularly criticized in the wake of the 9/11 terrorist attacks for targeting vulnerable individuals and not only luring them into fake terror plots but actually equipping them with the organization, money, weapons, and motivation to carry out the plots—entrapment—and then jailing them for their so-called terrorist plotting. This is what the FBI characterizes as “forward-leaning—preventative—prosecutions.”

Another fallout from 9/11, National Security Letters, one of the many illicit powers authorized by the USA Patriot Act, allows the FBI to secretly demand that banks, phone companies, and other businesses provide them with customer information and not disclose the demands. An internal audit of the agency found that the FBI practice of issuing tens of thousands of NSLs every year for sensitive information such as phone and financial records, often in non-emergency cases, is riddled with widespread violations.

The FBI’s surveillance capabilities, on a par with the National Security Agency, boast a nasty collection of spy tools ranging from Stingray devices that can track the location of cell phones to Triggerfish devices which allow agents to eavesdrop on phone calls.

In one case, the FBI actually managed to remotely reprogram a “suspect’s” wireless internet card so that it would send “real-time cell-site location data to Verizon, which forwarded the data to the FBI.”

The FBI has also repeatedly sought to expand its invasive hacking powers to allow agents to hack into any computer, anywhere in the world.

Indeed, for years now, the U.S. government has been creating what one intelligence insider referred to as a cyber-army capable of offensive attacks. As Reuters reported back in 2013:

Even as the U.S. government confronts rival powers over widespread Internet espionage, it has become the biggest buyer in a burgeoning gray market where hackers and security firms sell tools for breaking into computers. The strategy is spurring concern in the technology industry and intelligence community that Washington is in effect encouraging hacking and failing to disclose to software companies and customers the vulnerabilities exploited by the purchased hacks. That’s because U.S. intelligence and military agencies aren’t buying the tools primarily to fend off attacks. Rather, they are using the tools to infiltrate computer networks overseas, leaving behind spy programs and cyber-weapons that can disrupt data or damage systems.

As part of this cyberweapons programs, government agencies such as the NSA have been stockpiling all kinds of nasty malware, viruses, and hacking tools that can “steal financial account passwords, turn an iPhone into a listening device, or, in the case of Stuxnet, sabotage a nuclear facility.”

In fact, the NSA was responsible for the threat posed by the “WannaCry” or “Wanna Decryptor” malware worm which—as a result of hackers accessing the government’s arsenal—hijacked more than 57,000 computers and crippled health care, communications infrastructure, logistics, and government entities in more than 70 countries.

Mind you, the government was repeatedly warned about the dangers of using criminal tactics to wage its own cyberwars. It was warned about the consequences of blowback should its cyberweapons get into the wrong hands.

The government chose to ignore the warnings.

That’s exactly how the 9/11 attacks unfolded.

First, the government helped to create the menace that was al-Qaida, and then, when bin Laden had left the nation reeling in shock (despite countless warnings that fell on tone-deaf ears), it demanded—and was given—immense new powers in the form of the USA Patriot Act in order to fight the very danger it had created.

This has become the shadow government’s modus operandi regardless of which party controls the White House: the government creates a menace—knowing full well the ramifications such a danger might pose to the public—then without ever owning up to the part it played in unleashing that particular menace on an unsuspecting populace, it demands additional powers in order to protect “we the people” from the threat.

Yet the powers-that-be don’t really want us to feel safe.

They want us cowering and afraid and willing to relinquish every last one of our freedoms in exchange for their phantom promises of security.

As a result, it’s the American people who pay the price for the government’s insatiable greed and quest for power.

We’re the ones to suffer the blowback.

Blowback is a term originating from within the American Intelligence community, denoting the unintended consequences, unwanted side-effects, or suffered repercussions of a covert operation that fall back on those responsible for the aforementioned operations.

As historian Chalmers Johnson explains, “blowback is another way of saying that a nation reaps what it sows.”

Unfortunately, “we the people” are the ones who keep reaping what the government sows.

We’re the ones who suffer every time, directly and indirectly, from the blowback.

Suffice it to say that when and if a true history of the FBI is ever written, it will not only track the rise of the American police state but it will also chart the decline of freedom in America: how a nation that once abided by the rule of law and held the government accountable for its actions has steadily devolved into a police state where justice is one-sided, a corporate elite runs the show, representative government is a mockery, police are extensions of the military, surveillance is rampant, privacy is extinct, and the law is little more than a tool for the government to browbeat the people into compliance.

This is how tyranny rises and freedom falls.

We can persuade ourselves that life is still good, that America is still beautiful, and that “we the people” are still free. However, as science fiction writer Philip K. Dick warned, “Don’t believe what you see; it’s an enthralling—[and] destructive, evil snare. Under it is a totally different world, even placed differently along the linear axis.”

In other words, as I point out Battlefield America: The War on the American People, all is not as it seems.

The powers-that-be are not acting in our best interests.

“We the people” are not free.

The government is not our friend.

The post The FBI’s Mafia-Style Justice: To Fight Crime, the FBI Sponsors 15 Crimes a Day first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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JBS Meat Plant To Reopen Sometime Today

EDITOR’S NOTE: The plant may be open by the time this article publishes. 

JBS SA, the world’s largest meat producer, released a statement in the overnight session stating “significant progress” has been made to resolve a ransomware attack that they allege caused the shutdown of its US operations and some plants in other countries.

This looks like an excuse to blame the rising prices on anything but the inflation caused by the central banks. They are going to attempt to hide hyperinflation in fuel prices (blamed on the Colonial pipeline attack) and now, to cover the skyrocketing food prices, they are going to blame this cyberattack.

Greg Mannarino called this about a month ago.  These false flags are designed for us to not see who is really behind all of the nefarious actions and inflation (the ruling class and the central banks). He called this “scapegoat economics,” and that’s about the most accurate term for what’s going on right now.

Greg Mannarino: “Scapegoat Economics” & The Dark Secret We Are NOT Supposed To Know

“Our systems are coming back online, and we are not sparing any resources to fight this threat,” JBS USA CEO Andre Nogueira said in a statement.  That means those “resources” are money and that cost will be passed on to the end-user/consumer in the form of higher prices.  Given the progress, our IT professionals and plant teams have made in the last 24 hours, the vast majority of our beef, pork, poultry, and prepared foods plants will be operational Wednesday”, Nogueira said, according to a report by ZeroHedge. 

The cyberattack forced the shutdown of all JBS’ US beef plants, which account for almost a quarter of American supplies.

The White House is blaming Russia, of course, this should surprise no one.

White House Deputy Press Secretary Karine Jean-Pierre said Tuesday that the hacking group behind the attack is “likely” based in Russia.” “The White House is engaging directly with the Russian government on this matter, and delivering the message that responsible states do not harbor ransomware criminals,” she said.

Three weeks ago, another ransomware attack brought down Colonial Pipeline and now we have gasoline prices hiding the inflation of the massive money creation from the central banks.

Do not expect this to end.  What’s the next thing to experience a cyber attack? The power grid? Back in 2017, it was shown that the ruling class can do anything they want with the power grid:

Hacking The Power Grid: They Can Induce Blackouts On American Soil AT WILL

So, as always, stay prepared. Stay vigilant. Do your best with any preps right now that you may have overlooked.  Only time will tell just how far the rulers are willing to go to manufacture our consent to be slaves to them, but we do know that it is far from over.

Use your critical thinking and discernment.  It’s time to break those last mental chains and realize that government is slavery, and no one makes a rightful master and no one makes a rightful slave.

 

The post JBS Meat Plant To Reopen Sometime Today first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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We Just Got Even More Proof Inflation is On the Rise

This article was originally published by Brad Polumbo at The Foundation for Economic Education. 

The money in your bank account or under your mattress is worth less now.

The most widely-used metric for price inflation hit a 12-year high in mid-May, showing that prices had risen 4.2 percent over a year. But some argued this was just a one-off outlier, not indicative of a broader trend or serious problem stemming from runaway government spending and money-printing.

Their case just got a lot weaker. New figures released today by the Commerce Department offer even more corroboration that prices are seriously on the rise.

Another key inflation metric, the core personal consumption expenditures index, exceeded expectations and came in showing a 3.1 percent year-over-year increase in prices. If you factor in energy and food prices, the inflation figure rises to a whopping 3.6 percent.

It’s also worth noting that this index and others like it notoriously underestimate inflation.

Where is this inflation coming from? Well, at least in part, it stems from the Federal Reserve’s money-printing to fund COVID-19 “stimulus” efforts.

“Nearly one-quarter of the money in circulation has been created since January 2020,” FEE economist Peter Jacobsen explains. But printing more money doesn’t mean we actually have more stuff, and “if more dollars chase the exact same goods, prices will rise.”

The problem with these inflation levels, which are still far short of truly catastrophic hyperinflation, is that they erode your savings and purchasing power. The money in your bank account or under your mattress is worth less now. And unless your income has risen more than 3-4 percent this year, you’ve really had a pay cut, because what ultimately matters isn’t the number on your paystub but what it can buy you.

Simply put, public policy is all about trade-offs. And the downsides of government largess include more than just the traditional check you write to the Internal Revenue Service. When mounting price inflation erodes your paycheck, that too is a form of indirect taxation you can trace back to Washington, DC.

The post We Just Got Even More Proof Inflation is On the Rise first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Why Is Paper Money Constitutional?

The official money of the United States today is paper currency. But that’s clearly not what the Constitution says. It says that gold and silver coins shall be the nation’s currency. 

How is that possible? I thought the Constitution was supposed to be the highest law of the land. I also thought that it was the responsibility of the U.S. Supreme Court to enforce the Constitution. Why then are Americans living under a paper-money monetary system rather than the system stipulated in the Constitution?

Article 1, Section 8, of the Constitution gives Congress the power to “coin money.” It is not given any power to “print” money. Coining money is not printing money. At the risk of belaboring the obvious, coining money entails making coins out of metals.

The Framers preferred coins made from gold and silver. How do we know this? Because of Article 1, Section 10, which states in part: “No State shall make any Thing but gold and silver Coin a tender in Payment of Debts.”

It would be difficult to get any clearer than that. So the question naturally arises: Why have the States made paper money a tender in payment of debts, given that the Constitution expressly limits them to making only gold and silver coin legal tender? And why hasn’t the Supreme Court forced the states to comply with the Constitution?

Equally important, why has the Supreme Court failed to force the federal government to comply with the Constitution? It’s clear that by the express language of the Constitution, the Framers, as well as our American ancestors, not only favored gold and silver coins as the official money of the United States but also engrafted such a system onto the Constitution itself? Isn’t it the responsibility of the Supreme Court to enforce the Constitution?

It was President Franklin Roosevelt who, along with his Congress, abrogated America’s founding monetary system. Citing the economic emergency of the Great Depression, Roosevelt and his Congress decreed that America would no longer use gold and silver coins as its official money. Instead it would resort to paper money as its official money. 

Roosevelt then went a step further. He ordered everyone to turn in his gold coins to the federal government. In return, they would receive paper money. Anyone who was caught owning gold coins — which had been the official, legal money of the American people for more than a century — would be criminally prosecuted for a felony.

There was at least one big problem, however, with Roosevelt’s actions: He didn’t secure a constitutional amendment prior to nationalizing gold and making paper money legal tender. Remember: the Constitution is the highest law of the land. It controls the actions of the president and Congress. The executive and legislative branches cannot amend the Constitution. They are required to comply with the Constitution.

Moreover, the Constitution does not provide an emergency exception. That means that its provisions remain fully operative and enforceable despite any emergency. 

Unfortunately, the Supreme Court abrogated its responsibility to enforce the Constitution, which enabled Roosevelt to get away with his monetary power grab. 

That’s how Americans have came to live under a paper-money system notwithstanding the clear language to the contrary in the Constitution. That’s also how federal officials have been able to confiscate the income and wealth of the American people through decades of monetary debasement.

The post Why Is Paper Money Constitutional? first appeared on Tenth Amendment Center.

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If Everything Is Going To Be Just Fine, Why Do The Shortages Just Keep Getting Worse?

This article was originally published by Michael Snyder at The Economic Collapse Blog. 

They keep telling us that economic conditions are improving, but if that is true why are the shortages worse than ever?  For a moment, I would like to take you all the way back to 2019.  Before the pandemic came along, we didn’t have any shortages.

If you wanted something, you just went to the store and got it or you ordered it online.  Prices were low, global supply chains were functioning smoothly, and to most people, it seemed like it would stay that way for the foreseeable future.  But then the pandemic hit, and “panic buying” caused short-term shortages of certain items such as toilet paper and hand sanitizer.  It was understandable that people would want to hoard those things because there was a lot of fear in the air.  But we also knew that those shortages were only going to be temporary.

Now here we are in 2021, and we were told that things would be getting back to normal by now.

But instead, there are severe shortages everywhere around us.

In fact, the shortages are far worse than anything that we experienced in 2020.

For example, did you know that dozens of important drugs are in short supply?  According to the official FDA website, there are shortages of more than 100 drugs in the United States right now

If you found yourself in a situation like this, you can check the FDA’s drug shortage tracking system.

Right now there are currently about 120 drugs listed as having a shortage.

On the website, if you type in a drug name in the database search field you can see if and why it’s in short supply. You can also see whether it is scheduled to be discontinued, and when the supply may start flowing again.

This wasn’t supposed to happen.

Shortages just continue to get worse for the home building industry as well

“Builders are delaying starting new construction because of the marked increase in costs for lumber and other inputs,” said Mike Fratantoni, senior vice president and chief economist with the Mortgage Bankers Association, in a report Tuesday.

He added that supply shortages for appliances are also putting a damper on new home building activity.

Just over our northern border, the shortages have gotten really severe.  In some cases, the construction of homes “is months behind schedule” because the shortages have gotten so bad…

Home builders across Canada are getting hit by a string of supply-chain disruptions, resulting in widespread product shortages and explosive costs for the industry.

In some cases, home construction is months behind schedule as developers struggle to source everything from lumber to PVC pipes, insulation to windows. Builders are also holding back on presales, unable to accurately price their homes too far in advance, given that material costs can fluctuate wildly on a daily basis.

When asked about these shortages, one home building executive said that “it’s getting worse and worse every day”

“The whole supply chain is out of whack,” said Matt McCurrach, president of Homex Development Corp. in Kamloops, B.C.

“It’s getting worse and worse every day,” added Sue Wastell, president of Wastell Homes in London, Ont. “Literally every day, we’re finding out something else is not arriving when it was scheduled to. … We’ve never seen anything like this.”

Of even greater concern is the global shortage of computer chips.  This is something that I discussed extensively in my recent article entitled “A Severe Computer Chip Shortage Will Last ‘A Few Years’, And This Could Plunge The Global Economy Into Utter Chaos”.  Just about every industry that you can name is extremely dependent on equipment that uses computer chips, and CNN is telling us that this shortage “is going from bad to worse”

The shortage is going from bad to worse, spreading from cars to consumer electronics. With the bulk of chip production concentrated in a handful of suppliers, analysts warn that the crunch is likely to last through 2021.

According to Goldman Sachs, 169 US industries embed semiconductors in their products. The bank is forecasting a 20% average shortfall of computer chips among affected industries, with some of the components used to make chips in short supply until at least this fall and possibly into 2022.

Actually, as I pointed out the other day, many executives now expect the computer chip shortage to extend into 2023.

For automakers, this is rapidly becoming a complete and total nightmare.  During the first quarter, global auto production was down by about 10 percent due to the chip shortage, but Ford has announced that production in the second quarter will be down by about 50 percent

Investors have heard plenty about the current state of capacity problems for months. Roughly 2 million cars—or about 10% of quarterly global automotive production—weren’t built in the first quarter because of no chips. Ford Motor (ticker: F), one of the auto makers feeling the shortage most acutely, said in late April that it expects to lose about 50% of planned second-quarter production.

A 50 percent decline in production?

That is nuts!

If automakers can’t make vehicles, then they will have to start laying off workers.

Unfortunately, that is precisely what just happened at one factory in northern Illinois

Some 1,600 jobs are being cut at a Jeep Cherokee factory in northern Illinois as automakers continue being plagued by the global shortage of semiconductors.

The U.S. arm of Stellantis, formerly known as Fiat Chrysler, said Friday it was cutting one of the two work shifts at its Belvidere Assembly Plant as of July 26. That could result in the layoffs of 1,641 workers, company spokeswoman Jodi Tinson said.

The economic optimists keep telling us that better days are right around the corner, but those better days never seem to materialize.

Instead, employment is still way below pre-pandemic levels, global supply chains are in a state of complete and utter chaos, and we are facing severe shortages of just about everything

Copper, iron ore and steel. Corn, coffee, wheat and soybeans. Lumber, semiconductors, plastic and cardboard for packaging. The world is seemingly low on all of it. “You name it, and we have a shortage on it,” Tom Linebarger, chairman and chief executive of engine and generator manufacturer Cummins Inc., said on a call this month. Clients are “trying to get everything they can because they see high demand,” Jennifer Rumsey, the Columbus, Indiana-based company’s president, said. “They think it’s going to extend into next year.”

The difference between the big crunch of 2021 and past supply disruptions is the sheer magnitude of it, and the fact that there is — as far as anyone can tell — no clear end in sight. Big or small, few businesses are spared. Europe’s largest fleet of trucks, Girteka Logistics, says there’s been a struggle to find enough capacity. Monster Beverage Corp. of Corona, California, is dealing with an aluminum can scarcity. Hong Kong’s MOMAX Technology Ltd. is delaying production of a new product because of a dearth of semiconductors.

If this is the “recovery”, what will things look like when the next severe economic downturn hits us?

In my entire lifetime, I have never seen such widespread shortages.

Those that are running things keep insisting that they have everything totally under control and that things will eventually get back to normal.

You can believe them if you want, but millions of others are preparing for a future in which their optimistic assessments of the future turn out to be very, very wrong.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The post If Everything Is Going To Be Just Fine, Why Do The Shortages Just Keep Getting Worse? first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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The ‘Take This Job and Shove It’ Recession

This article was originally published by Charles Hugh Smith at Of Two Minds Blog. 

So hey there Corporate America, the Fed, and your neo-feudal cronies: take this job and shove it. This time it really is different, but not in the way the Wall Street shucksters are claiming.

Conventional economists, politicos, and pundits are completely clueless about the unraveling that’s gathering momentum beneath the superficial surface of “reflation” because they don’t yet grasp we’re entering an unprecedented new type of recession: a ‘Take This Job and Shove It’ recession which is unlike any previous downturn.

Long-time readers know I’ve addressed the emergent class structure and systemic decay of the socio-economic order for many years. Just as a quick refresher, here are a few of the dozens of essays I’ve written on these topics:

America’s Nine Classes: The New Class Hierarchy 4/29/14

The Managerial/ Professional Class Is Burning Out 3/28/16

America’s Metastasizing Class Wars 8/27/20

This Is How It Ends: All That Is Solid Melts Into Air 9/10/20

This Is Why Inflation Will Rip Everyone’s Face-Off 9/17/20

What the chattering class of apologists, toadies, lackeys, factotums, and apparatchiks missed about the pandemic lockdown was the tidal change in perceptions of work and life enabled by a withdrawal from the deranging frenzy of work: once people had time to reflect on their lives, mortality, goals, identity, and the soaring costs and dwindling rewards of their efforts to “get ahead” via slaving away in a dead-end job/career, the tune that began to haunt their subconscious ruminations was Johnny Paycheck’s timeless classic, Take This Job And Shove It (2:31).

Whether anyone in the halls of power cares to notice or not, a mass withdrawal from the workforce is underway. What’s remarkable about this swelling exodus is that it isn’t confined to one class of workers: low-wage workers are jumping ship en masse, but so are mid-level white-collar workers and well-paid but overworked technocrats in the top 10%.

As the professional apologists frantically spew rah-rah PR about the “recovery” (you mean we’re all addicts and are now “recovering”?), the workforce is finally awakening to the emptiness of the PR: the rewards of the economy have flowed to two classes: the Financial Aristocracy (a.k.a. the New Nobility in our neo-feudal economy), the top 0.1% who now own more wealth than the bottom 80% of American households, and speculators, from the scammers on Wall Street to the daytraders gambling their stimmy payments.

The reality that wages have stagnated for the past 50 years is finally sinking in, and people are responding accordingly. By any realistic measure, most workers have lost ground when the purchasing power of their wages in the 1980s is compared to what their earnings buy now in healthcare, childcare, rent, higher education, property taxes, etc.

The erosion of labor’s value has been catastrophic for the bottom 60%. As I recently noted, I was making $12 an hour in 1985, an OK wage but nothing special, and after 36 years of inflation, many workers are still earning $12 an hour–or less. Measured in purchasing power, wages have declined since the early 1970s.

Take a glance at the chart below of wage’s share of the economy and observe it’s been in a downtrend since the early 1970s.

Meanwhile, the cost of big-ticket expenses such as healthcare, childcare, rent/housing, and higher education have tripled. Even high-earners such as physicians have lost ground, as their salaries in 1985 bought far more goods and services than their salaries do today.

Young high-earners have been flocking to the FIRE movement for years: financial independence, retire early is the upper-middle-class way of saying Take This Job And Shove It, as the goal is to save enough earnings by scrimping and saving to exit the workforce for good while still in your early 30s.

Lower-wage workers are finding other workarounds. Much to the consternation of employers, many are milking the extended unemployment payments. But beneath the radar, others have carved out informal-economy niches or found ways to slash their living costs–for example, constructing a micro-home on a cheap plot of rural land and saying goodbye to McMansion dreams and $2,000 a month rents for tiny apartments in decaying urban cores.

Even highly paid people are realizing that the meager rewards of slaving away to make Corporate America another couple trillion in profits isn’t worth their life. As desperate employers offer overworked technocrats bonuses to keep them slaving away, the workers are plowing the bonuses into bets they hope will pay off and fund their escape from neo-feudal serfdom sooner than planned.

While the apologists, toadies, lackeys, factotums, and apparatchiks serve their neo-feudal lords for pennies tossed in the sawdust, the most productive workers are melting away. Nobody dares mention the number of physicians and nurses who are leaving America’s sick-care system; once again, the pandemic served as a catalyst for action to be taken on long-simmering frustrations.

YOLO (you only live once) isn’t just about making risky bets in bubblicious markets–it’s about deciding to do something else with your life other than make Corporate America another couple trillion in profits or keep your small business afloat as taxes, fees, penalties, surcharges, rent, and every other expense soars.

The pandemic posed a question few had time to ponder: what’s the point? What no financial analyst dares confess is the corporate profits they cheer every quarter have come at a cost that many Americans will soon be unable to bear. Millions of highly experienced, essential employees are either planning to quit, retire, cut their hours or switch to lower-stress jobs.

It isn’t easy to escape the clutches of the Corporate-State neo-feudal system; the costs (tangible and intangible) of self-employment have been rising steadily for decades:

The Troubling Decline of Financial Independence in America (August 28, 2015)

The Fading American Dream of Working for Yourself (October 2015)

Social Mobility between classes has decayed, and people are finally beginning to grasp this. After you do all the right things–borrow a fortune to get a college degree, build your resume with low-paying jobs working ridiculous hours, etc., you eventually realize you’re a precariat just like everyone else. Maybe a better-paid precariat, or maybe a poorly-paid precariat, but this is all the Financial Mobility you’re ever going to get.

The Top 0.1% winners in this system are protected by the Federal Reserve, while the losers are strip-mined by crushing taxes. Even if they don’t understand the exact mechanisms of the Federal Reserve’s bag of tricks, they now understand the rich get richer and the state protects them from the precariats and serfs doing all the work.

The Federal Reserve can conjure up trillions of dollars out of thin air to further enrich the nation’s parasitic elite, but they can’t print experienced, motivated workers or people with entrepreneurial skills.

The danger to the state is not who rebels but who opts out. Outright rebellion suits the state, as it can turn its monopoly on force on the citizenry. But when those keeping everything glued together have had enough and find a way to quit, the entire system starts unraveling in ways the state is powerless to stop.

If the Technocrat Caste opts out, the private sector loses its tax donkeys and managerial expertise. If what remains of the middle class opts out, what’s left of America’s civic glue disappears.

If the working poor opt-out, the scut work required to provide the upper classes with their comforts will not get done. (Hey, Mr. State Bureaucrat and Mr. Financier, here’s a saw and a knife. Butcher your own meat.)

There’s only so much inequality and unfairness a workforce can bear, and America is well past that point. To those who claim “people can’t afford to quit,” just watch. Those who’ve had enough are finding ways to opt-out. There’s plenty of woodwork to disappear into.

So hey there Corporate America, the Fed, and your neo-feudal cronies: take this job and shove it. This time it really is different, but not in the way the Wall Street shucksters are claiming.

So take this job and shove it, I ain’t working here no more. I’m stepping off the rat-race merry-go-round, thank you very much. You can find some other sucker to do your dirty work and BS work, all for the greater glory and wealth of your New Nobility shareholders. I’m outta here. So I won’t get rich, that dream died a long time ago. What I’m interested in now is getting my life back and getting the heck out of Dodge as things unravel.

Of related interest:

My book Get a Job, Build a Real Career and Defy a Bewildering Economy is a primer for those seeking sustainable self-employment in the nooks and crannies of the economy.

If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

The post The ‘Take This Job and Shove It’ Recession first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Parents Increasingly Reject COVID “Vaccine” For Kids

Much to the ruling class and mainstream media’s dismay, parents, in increasing numbers are declining to have their children injected with the experimental gene therapy shots falsely being called “vaccines.” Only 58% of parents/caregivers/guardians said that they would give their child the shot.

The United States has run up against an important threshold, and one that should not be ignored. They are running out of people willing to take this shot voluntarily. Now we should start to expect the coercion and punishments for non-compliance to be rolled out any day now. We all know it’s going to happen, it’s now a matter of time.

Medical Journal: Get The COVID-19 Vaccine, Or Be Punished HARSHLY

During a quarterly earnings call Tuesday, Pfizer said it will seek emergency use authorization for children ages 2 to 11 by September, according to The New York Times. This would not be full approval, although, expect that to be coming soon.

Hospitals have begun preregistering teens for the Pfizer COVID-19 vaccine in anticipation of its authorization and many parents are jumping at the opportunity.

Since preregistration opened Wednesday, more than 4,100 youths ages 12 to 15 have been signed up to get vaccinated at the Children’s National Hospital in Washington as of Friday morning.

This was the biggest medical experiment in the history of the world conducted on people. -USA Today

Pfizer Will Seek FULL FDA Approval For The COVID-19 “Vaccine”

Pfizer and its German partner, BioNTech, submitted an application to the FDA Friday for full approval of their COVID-19 vaccine. Although it’s not clear how long the FDA will take to review the data the companies will submit over the coming weeks, full approval may encourage schools to mandate vaccinations.

A recent survey published in the April edition of the Kaiser Family Foundation’s Vaccine Monitor found 32% of parents said they’ll wait to see how the vaccine works before getting their child vaccinated, and 19% said they definitely wouldn’t get their child vaccinated. 

In the ParentsTogether survey from March, parents said they were concerned about short-term side effects, unknown long-term side effects, the speed of vaccine development, and the lack of opportunity for long-term studies.

Another Possible Side Effect Of COVID Vaccines: Herpes

More COVID-19 Vax Deaths: Think They’ll Blame This On COVID-21?

Stay alert and aware of what’s going on.  This is taking a backseat to pipeline news, which may be a false flag distraction and simply a way for the central banks to hide inflation in the energy prices. We all need to hone our critical thinking skills right now. A lot is going on, but discernment and logic are about the two best skills we can practice and exercise living in the age of universal deceit.

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‘Furious’ Melinda Gates Warned Bill Over Jeffrey Epstein Escapades: Report

This article was originally published by Tyler Durden at ZeroHedge. 

Melinda Gates, whose ‘people’ are undoubtedly trying to distance her from Bill’s controversies, was reportedly ‘furious’ after the couple had an uncomfortable 2013 meeting with Jeffrey Epstein – who by then was a convicted pedophile.

People “familiar with the matter” tell the Daily Beast, the previously unreported meeting was held at Epstein’s Upper East Side mansion in September 2013, the same day the couple was awarded the Lasker-Bloomberg Public Service award at the Pierre Hotel, where they were photographed with then-Mayor Mike Bloomberg.

According to said ‘people’, the 2013 meeting would “prove a turning point for the Gates’ relationship with Epstein,’ with Melinda telling friends after the encounter how uncomfortable she was to be hanging around the wealthy sex offender.

According to the New York TimesGates and Epstein met at least six times, including visits to Epstein’s New York mansion on ‘multiple occasions,’ staying at least once into the night.

So – the Gates’ had no problem traveling across the country to meet with the convicted pedophile – who named Gates adviser Boris Nikolic as a fallback executor in a will Epstein amended just days before his August 2019 death in a Manhattan jail cell.

Now, eight years later, Melinda apparently had a problem with it.

Gates thought Epstein’s lifestyle was “kind of intriguing” 

In a 2011 email to colleagues, Gates wrote: “His lifestyle is very different and kind of intriguing although it would not work for me.”

A spokeswoman or Gates, Bridgitt Arnold, said he “was referring only to the unique décor of the Epstein residence — and Epstein’s habit of spontaneously bringing acquaintances in to meet Mr. Gates,” adding “It was in no way meant to convey a sense of interest or approval.” Perhaps Gates was taken aback by Epstein’s “main hallway that was covered with rows of artificial eyeballs from England that had been made for wounded soldiers” (via the Daily Mail).

Also contradicting Gates’ distancing are flight records, which reveal that “Gates flew with Epstein from Teterboro Airport in New Jersey to Palm Beach on March 1, 2013,” on Epstein’s private jet – “one of the few flights that year where pilot Larry Viskoski recorded the name of a passenger,” According to the Daily Mail.

Gates hilariously claimed that he wasn’t aware it was Epstein’s plane!

In March 2013, Mr. Gates flew on Mr. Epstein’s Gulfstream plane from Teterboro Airport in New Jersey to Palm Beach, Fla., according to a flight manifest. Ms. Arnold said Mr. Gates — who has his own $40 million jet — hadn’t been aware it was Mr. Epstein’s plane. –New York Times

Meanwhile, employees of the Gates foundation also visited Epstein’s mansion on multiple occasions, while Epstein also “spoke with the Bill and Melinda Gates Foundation and JPMorgan Chase about a proposed multibillion-dollar charitable fund — an arrangement that had the potential to generate enormous fees for Mr. Epstein,” according to the Times.

In late 2011, at Mr. Gates’s instruction, the foundation sent a team to Mr. Epstein’s townhouse to have a preliminary talk about philanthropic fund-raising, according to three people who were there. Mr. Epstein told his guests that if they searched his name on the internet they might conclude he was a bad person but that what he had done — soliciting prostitution from an underage girl — was no worse than “stealing a bagel,” two of the people said.

How Gates and Epstein met, according to the New York Times;

Two members of Mr. Gates’s inner circle — Boris Nikolic and Melanie Walker — were close to Mr. Epstein and at times functioned as intermediaries between the two men.

Ms. Walker met Mr. Epstein in 1992, six months after graduating from the University of Texas. Mr. Epstein, who was an adviser to Mr. Wexner, the owner of Victoria’s Secret, told Ms. Walker that he could land her an audition for a modeling job there, according to Ms. Walker. She later moved to New York and stayed in a Manhattan apartment building that Mr. Epstein owned. After she graduated from medical school, she said, Mr. Epstein hired her as a science adviser in 1998.

Ms. Walker later met Steven Sinofsky, a senior executive at Microsoft who became president of its Windows division, and moved to Seattle to be with him. In 2006, she joined the Gates Foundation with the title of senior program officer.

At the foundation, Ms. Walker met and befriended Mr. Nikolic, a native of what is now Croatia and a former fellow at Harvard Medical School who was the foundation’s science adviser. Mr. Nikolic and Mr. Gates frequently traveled and socialized together.

Ms. Walker, who had remained in close touch with Mr. Epstein, introduced him to Mr. Nikolic, and the men became friendly.

Mr. Epstein and Mr. Gates first met face to face on the evening of Jan. 31, 2011, at Mr. Epstein’s townhouse on the Upper East Side. They were joined by Dr. Eva Andersson-Dubin, a former Miss Sweden whom Mr. Epstein had once dated, and her 15-year-old daughter. (Dr. Andersson-Dubin’s husband, the hedge fund billionaire Glenn Dubin, was a friend and business associate of Mr. Epstein’s. The Dubins declined to comment.)

The gathering started at 8 and lasted several hours, according to Ms. Arnold, Mr. Gates’s spokeswoman. Mr. Epstein subsequently boasted about the meeting in emails to friends and associates. “Bill’s great,” he wrote in one, reviewed by The Times.

“I didn’t go to New Mexico or Florida or Palm Beach or any of that,” claims Gates. “There were people around him who were saying, hey, if you want to raise money for global health and get more philanthropy, he knows a lot of rich people.”

And it looks like Gates was one of Epstein’s “rich people.” According to the report, Gates donated $2 million to MIT’s Media Lab, which university officials described as having been “directed” by Epstein.

According to Arnold, Gates’ spokeswoman, “Over time, Gates and his team realized Epstein’s capabilities and ideas were not legitimate and all contact with Epstein was discontinued.”

Perhaps ‘Gates and his team’ should have steered clear of the known pedophile in the first place?

The post ‘Furious’ Melinda Gates Warned Bill Over Jeffrey Epstein Escapades: Report first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Social Unrest Fears Mount As World Food Prices Soar In April

This article was originally published by Tyler Durden at ZeroHedge. 

PREPPING FOR THE UPCOMING GOVERNMENT-INDUCED FOOD SHORTAGES

Global inflation is headed into overdrive as the leading food price indicator that is the United Nations’ Food and Agriculture Organization’s food price index increased for an 11th consecutive month in April, hitting levels not seen since May 2014, with sugar prices leading the rise in the main index.

The Rome-based FAO released data Thursday showing the food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat, and sugar, surged 2 points from 118.9 points in March to 120.9 in April.

That is a 30.7% YoY jump – the fastest rise since 2011…

The April surge was primarily led by price increases of sugar, oils, meat, dairy, and cereals.

FAO’s cereal price index moved up 1.2% in April M/M and 26% Y/Y. Drought conditions in Argentina, Brazil, and the US increased corn prices by 5.7% last month, while wheat prices were flat. Global rice prices slipped last month.

FAO’s vegetable oil price index rose 1.8% last month because of increasing soy, grapeseed, and palm oil prices, which offset lower sunflower oil prices.

Milk prices increased 1.2%, with surging demand from Asia, while the meat index rose 1.7%. FAO said there was “solid demand” for bovine and ovine meat in East Asia.

The idiots at the Marriner Eccles building seemingly have no interest in reading the extensive literature in connecting higher food prices to periods of social unrest.  Indeed, you’ll notice from the chart below that the last big surge from the middle of 2010 to early 2011 coincided with the start of the Arab Spring, for which food inflation is regarded as a contributing factor.

While this is hardly new – we discussed it in “Why Albert Edwards Is Starting To Panic About Soaring Food Prices” and in “We Are Edging Closer To A Biblical Commodity Price Increase Scenario.”

DB’s Jim Reid reminds us that emerging markets are more vulnerable to this trend since their consumers spend a far greater share of their income on food than those in the developed world.

Inflation is always a monetary phenomenon, and this time is no different. Central bankers call transitory effects, but we beg to differ.

 

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What Will You Do When Inflation Forces U.S. Households To Spend 40 Percent Of Their Incomes On Food?

This article was originally published by Michael Snyder at The Economic Collapse Blog. 

Did you know that the price of corn has risen 142 percent in the last 12 months?  Of course, corn is used in hundreds of different products we buy at the grocery store, and so everyone is going to feel the pain of this price increase.  But it isn’t just the price of corn that is going crazy.

We are seeing food prices shoot up dramatically all across the industry, and experts are warning that this is just the very beginning.  So if you think that food prices are bad now, just wait, because they are going to get a whole lot worse.

Typically, Americans spend approximately 10 percent of their disposable personal incomes on food.  The following comes directly from the USDA website

In 2019, Americans spent an average of 9.5 percent of their disposable personal incomes on food—divided between food at home (4.9 percent) and food away from home (4.6 percent). Between 1960 and 1998, the average share of disposable personal income spent on total food by Americans, on average, fell from 17.0 to 10.1 percent, driven by a declining share of income spent on food at home.

Needless to say, the poorest Americans spend more of their incomes on food than the richest Americans.

According to the USDA, the poorest households spent an average of 36 percent of their disposable personal incomes on food in 2019…

As their incomes rise, households spend more money on food, but it represents a smaller overall budget share. In 2019, households in the lowest income quintile spent an average of $4,400 on food (representing 36.0 percent of income), while households in the highest income quintile spent an average of $13,987 on food (representing 8.0 percent of income).

Needless to say, the final numbers for 2020 will be quite a bit higher, and many believe that eventually the percentage of disposable personal income that the average U.S. household spends on food will reach 40 percent.

That would mean that many poor households would end up spending well over 50 percent of their personal disposable incomes just on food.

At one time that would have been unimaginable, but now everything is changing.  As I noted above, the price of corn his increased 142 percent since this time last year…

Corn prices have jumped roughly 142% over the past year to $7.56 per bushel, the highest price seen in eight years for the crop.

A drought in Brazil and increased demand in China have put pressure on global suppliers.

In other areas we are seeing more moderate inflation, but overall we just witnessed the largest increase in food inflation “in almost nine years”

The average prices in March of 2021 for pork chops and chicken breasts are both up more than 10% compared to March of 2020. Eggs and cheddar cheese are both up 6%.

Looking at all consumer goods as a whole, the latest inflation data in the Consumer Price Index from the U.S. Bureau of Labor Statistics shows the largest month-to-month increase in almost nine years.

Meanwhile, the price of lumber just continues to shoot even higher.

In New Jersey, one man says that the total cost of lumber used in building his new home will reach $70,000

Tom McCarthy can’t finish building a home in Bergen County, New Jersey because of the lumber shortage.

“There are pieces of wood that we can’t find,” said McCarthy, a real estate broker with the Chen Agency who also builds homes with his father on the side.

McCarthy estimates the cost of lumber for the home will hit $70,000, nearly double the cost of building the exact same home in a nearby town just eight months ago.

Isn’t that nuts?

Instead of building a new home, you could try buying an existing one instead, but real estate prices in many areas have gotten completely insane.

In northern California, one house recently sold for more than a million dollars over listing price

When a house in Berkeley sold for more than $1 million over its list price in late March 2021, it was covered in media outlets across the Bay Area, including this one.

While the Berkeley sale was particularly sensational — it sold for double its list price and received 29 offers — these individual stories are becoming more common in today’s real estate market, according to recent data and anecdotes from real estate professionals.

I never imagined that I would see such a thing happen.

But one real estate agent says that such wild bidding wars are becoming increasingly common

And that’s especially true in the East Bay. “People are not surprised when a home goes $1 million over,” said Josh Dickinson, the founder of real estate agency Zip Code East Bay. “When my clients see a house for $1.9 million they’re almost conditioned to think it’ll go over $3 million in Piedmont or North Berkeley.”

This is what the beginning stages of hyperinflation look like, but Federal Reserve officials insist that we have nothing to be concerned about.

In fact, Eric Rosengren just told the press that the crazy inflation we are seeing now “is likely to prove temporary”

Boston Federal Reserve President Eric Rosengren in an interview with MarketWatch on Wednesday dismissed talk of scaling back asset purchases as premature, and said temporary factors pushing up inflation this spring won’t last.

“My view is that this acceleration in the rate of price increases is likely to prove temporary,” Rosengren said Wednesday.

Do you believe him?

I don’t.

As Simon Black has pointed out, the federal government is just going to continue to borrow and spend trillions upon trillions of dollars…

This is the big one. The US federal government is hoping to spend a whopping $11 TRILLION this year, between the regular budget, COVID stimulus already passed, and all the new legislation they’re proposing.

And it’s only May.

Obviously Uncle Sam doesn’t have the money. So they have to borrow it.

Almost everybody loved it when the federal government started sending out big, fat stimulus checks.

But you aren’t going to love it when a cart of food costs you $400 at the grocery store.

Whenever the government hands out “free money”, someone has got to pay for it, and one way we are paying for it is through higher prices.

If you do not believe that this is a major national crisis yet, you will soon, because it won’t be too long before most of the country is loudly complaining about how nightmarish inflation has become.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

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Alert: Programmable Central Bank Digital Currencies Will End All False Sense of Freedom

With the advancement of the central bank digital currencies (CBDCs) worldwide comes the permanent elimination of and sense of freedom.  What little freedom we have left is systematically being destroyed by those who seek ultimate power and control over the rest.

Dominic Frisby with Money, Markets & Other Matters said CBDCs are “the final step into the brave new world, Orwellian great reset dystopia.” And anyone who has looked into this even for a minute knows that this will be the end of whatever false sense of freedom we pretend to have right now. (We aren’t free, that’s obvious. But any sense that you could be will be gone if we collectively allow the central banks ultimate control.)

Programmable money, such as CBDCs, means the user has even less control over their money than they ever had in human history. Frisby said almost any kind of rule could be coded into CBDCs. He provides an example of China mulling over the idea of expiry dates for its digital money. This means those holding the programmable money have to spend the money by a specific time or it disappears from their account, according to a report by ZeroHedge. 

They could also switch your account off or remove funds whenever they see fit for any reason. We are approaching the precipice of permanent slavery unless we can figure it out, stand together, and firmly let the rulers know we don’t need them and they no longer have power.

Frisby said issuers (the ruling class) could manipulate money velocity by changing expiry dates. He said the money could be programmed to work only in certain areas or jurisdictions. He then warned:

“Every transaction ever made will be visible to the all-seeing government.

Governments will know your whereabouts and habits at all times simply by tracking your use of funds through the CBDC payment system. This can already be done, to some extent, by tracking credit card transactions, but the CBDC system will make state surveillance more pervasive.

CBDCs also allow the government to have direct access to a person’s wallet to remove taxes and other fines.  –ZeroHedge

This will be a beast system of permanent slavery from which there will be no escape. If you think calling the government slavery right now (which it is based on definitions and roots of the words involved) the dystopian control and loss of even the idea that maybe we could be free is what comes after the installment of any CBDC.

Frisby then said CBDCs allow issuers to weaponize the money against certain users who are enemies of the state.  Digital money is the key for governments to control and shape the behavior of their citizens. 

“The best slave is the one who thinks he is free.”? Johann von Goethe

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The Central Bank Digital Dollar Is Coming: Prepare For Totalitarian Domination

The United States nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency.  This is a huge part of their plan: a fully centralized digital currency where freedom and privacy are nonexistent.

This is the first effort of its kind in the United States. If the ruling classes are successful in convincing the masses they need the CBDC (central bank digital currency) the best you can do is prepare for totalitarian enslavement.  Every transaction you make will be tracked and traced. Any time they decide you have to pay some taxes, they’ll just take it.  Want to speak out against the slavery that is government? Fine, they’ll cut off your digital wallet. It’s coming unless we wake up and quickly.

The private-sector pilots initially will be funded by Accenture Plc (ACN.N) and involve financial firms, retailers and NGOs, among others. The aim is to generate data that could help U.S. policymakers [the ruling class] develop a digital dollar. –Reuters

This beast system is getting a boost and they are going to make this sound utterly delightful. Sadly, some will willingly agree to be slaves to the banking cartel and ruling class.

“There are conferences and papers coming out every week around the world on CBDCs based on data from other countries,” said Christopher Giancarlo, former chair of the Commodity Futures Trading Commission and co-founder of the Digital Dollar Foundation. “What there is not, is any real data and testing from the United States to inform that debate. We’re seeking to generate that real-world data,” Giancarlo added.

David Treat, a senior managing director at Accenture, said CBDCs would exist alongside other forms of physical and electronic money, rather than replace them. But we’ve already seen a push to get rid of cash becasue it’s difficult to track and tax a cash transaction between two people.

Ready for a Cashless Society? WHO Says Contaminated Cash and Spread the Coronavirus

Control Agenda Moves Forward: Federal Reserve Is Pushing HARD For A Digital Dollar

Getting everyone on a digital dollar system would ensure that breaking away from the two tier society they are also fashioning right now would be impossible. Being free would be something that in a few generations, no one will ever talk about. It’s time to wake up to what’s going on.  They want us on this planet only if we agree to be slaves and give up everything including the most important thing: our free will.

Use your critical thinking. Does anyone honestly think central banks were set up for our intrest? Does anyone think that a CBDC fully controlled by the rulers of the planet will be good step for humanity? This is yet another puzzle piece to the overall New World Agenda that’s magically falling right into place. Coincidence?

The post The Central Bank Digital Dollar Is Coming: Prepare For Totalitarian Domination first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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From Mind Control to Viruses: How the Government Keeps Experimenting on Its Citizens

This article was originally published by John W. Whitehead & Nisha Whitehead at The Rutherford Institute. 

“They were monsters with human faces, in crisp uniforms, marching in lockstep, so banal you don’t recognize them for what they are until it’s too late.” — Ransom Riggs, Miss Peregrine’s Home for Peculiar Children

The U.S. government, in its pursuit of so-called monsters, has itself become a monster.

This is not a new development, nor is it a revelation.

This is a government that has in recent decades unleashed untold horrors upon the world—including its own citizenry—in the name of global conquest, the acquisition of greater wealth, scientific experimentation, and technological advances, all packaged in the guise of the greater good.

Mind you, there is no greater good when the government is involved. There is only greater greed for money and power.

Unfortunately, the public has become so easily distracted by the political spectacle out of Washington, DC, that they are altogether oblivious to the grisly experiments, barbaric behavior, and inhumane conditions that have become synonymous with the U.S. government.

These horrors have been meted out against humans and animals alike. For all intents and purposes, “we the people” have become lab rats in the government’s secret experiments.

Fifty years from now, we may well find out the whole sordid truth behind this COVID-19 pandemic. However, this isn’t intended to be a debate over whether COVID-19 is a legitimate health crisis or a manufactured threat. It is merely to acknowledge that such crises can—and are—manipulated by governments in order to expand their powers.

As we have learned, it is entirely possible for something to be both a genuine menace to the nation’s health and security and a menace to freedom.

This is a road the United States has been traveling for many years now. Indeed, grisly experiments, barbaric behavior, and inhumane conditions have become synonymous with the U.S. government, which has meted out untold horrors against humans and animals alike.

For instance, did you know that the U.S. government has been buying hundreds of dogs and cats from “Asian meat markets” as part of a gruesome experiment into food-borne illnesses? The cannibalistic experiments involve killing cats and dogs purchased from Colombia, Brazil, Vietnam, China, and Ethiopia, and then feeding the dead remains to laboratory kittens, bred in government laboratories for the express purpose of being infected with a disease and then killed.

It gets more gruesome.

The Department of Veterans Affairs has been removing parts of dogs’ brains to see how it affects their breathing; applying electrodes to dogs’ spinal cords (before and after severing them) to see how it impacts their cough reflexes, and implanting pacemakers in dogs’ hearts and then inducing them to have heart attacks (before draining their blood). All of the laboratory dogs are killed during the course of these experiments.

It’s not just animals that are being treated like lab rats by government agencies.

“We the people” have also become the police state’s guinea pigs: to be caged, branded, experimented upon without our knowledge or consent, and then conveniently discarded and left to suffer from the after-effects.

Back in 2017, FEMA “inadvertently” exposed nearly 10,000 firefighters, paramedics and other responders to a deadly form of ricin during simulated bioterrorism response sessions. In 2015, it was discovered that an Army lab had been “mistakenly” shipping deadly anthrax to labs and defense contractors for a decade.

While these particular incidents have been dismissed as “accidents,” you don’t have to dig very deep or go very back in the nation’s history to uncover numerous cases in which the government deliberately conducted secret experiments on an unsuspecting populace—citizens and noncitizens alike—making healthy people sick by spraying them with chemicals, injecting them with infectious diseases and exposing them to airborne toxins.

At the time, the government reasoned that it was legitimate to experiment on people who did not have full rights in society such as prisoners, mental patients, and poor blacks.

In Alabama, for example, 600 black men with syphilis were allowed to suffer without proper medical treatment in order to study the natural progression of untreated syphilis. In California, older prisoners had testicles from livestock and from recently executed convicts implanted in them to test their virility. In Connecticut, mental patients were injected with hepatitis.

In Maryland, sleeping prisoners had a pandemic flu virus sprayed up their noses. In Georgia, two dozen “volunteering” prison inmates had gonorrhea bacteria pumped directly into their urinary tracts through the penis. In Michigan, male patients at an insane asylum were exposed to the flu after first being injected with an experimental flu vaccine. In Minnesota, 11 public service employee “volunteers” were injected with malaria, then starved for five days.

As the Associated Press reports, “The late 1940s and 1950s saw huge growth in the U.S. pharmaceutical and health care industries, accompanied by a boom in prisoner experiments funded by both the government and corporations. By the 1960s, at least half the states allowed prisoners to be used as medical guinea pigs … because they were cheaper than chimpanzees.”

Moreover, “Some of these studies, mostly from the 1940s to the ’60s, apparently were never covered by news media. Others were reported at the time, but the focus was on the promise of enduring new cures while glossing over how test subjects were treated.”

Media blackouts, propaganda, spin. Sound familiar?

How many government incursions into our freedoms have been blacked out, buried under “entertainment” news headlines, or spun in such a way as to suggest that anyone voicing a word of caution is paranoid or conspiratorial?

Unfortunately, these incidents are just the tip of the iceberg when it comes to the atrocities the government has inflicted on an unsuspecting populace in the name of secret experimentation.

For instance, there was the U.S. military’s secret race-based testing of mustard gas on more than 60,000 enlisted men. As NPR reports, “All of the World War II experiments with mustard gas were done in secret and weren’t recorded on the subjects’ official military records. Most do not have proof of what they went through. They received no follow-up health care or monitoring of any kind. And they were sworn to secrecy about the tests under threat of dishonorable discharge and military prison time, leaving some unable to receive adequate medical treatment for their injuries, because they couldn’t tell doctors what happened to them.”

And then there was the CIA’s MKULTRA program in which hundreds of unsuspecting American civilians and military personnel were dosed with LSD, some having the hallucinogenic drug slipped into their drinks at the beach, in city bars, at restaurants. As Time reports, “before the documentation and other facts of the program were made public, those who talked of it were frequently dismissed as being psychotic.”

Now one might argue that this is all ancient history and that the government today is different from the government of yesteryear, but has the U.S. government really changed?

Has the government become any more humane, any more respectful of the rights of the citizenry? Has it become any more transparent or willing to abide by the rule of law? Has it become any more truthful about its activities? Has it become any more cognizant of its appointed role as a guardian of our rights?

Or has the government simply hunkered down and hidden its nefarious acts and dastardly experiments under layers of secrecy, legalism and obfuscations? Has it not become wilier, more slippery, more difficult to pin down?

Having mastered the Orwellian art of Doublespeak and followed the Huxleyan blueprint for distraction and diversion, are we not dealing with a government that is simply craftier and more conniving that it used to be?

Consider this: after revelations about the government’s experiments spanning the 20th century spawned outrage, the government began looking for human guinea pigs in other countries, where “clinical trials could be done more cheaply and with fewer rules.”

In Guatemala, prisoners and patients at a mental hospital were infected with syphilis, “apparently to test whether penicillin could prevent some sexually transmitted disease.” In Uganda, U.S.-funded doctors “failed to give the AIDS drug AZT to all the HIV-infected pregnant women in a study… even though it would have protected their newborns.” Meanwhile, in Nigeria, children with meningitis were used to test an antibiotic named Trovan. Eleven children died and many others were left disabled.

The more things change, the more they stay the same.

Case in point: back in 2016, it was announced that scientists working for the Department of Homeland Security would begin releasing various gases and particles on crowded subway platforms as part of an experiment aimed at testing bioterror airflow in New York subways.

The government insisted that the gases released into the subways by the DHS were nontoxic and did not pose a health risk. It’s in our best interests, they said, to understand how quickly a chemical or biological terrorist attack might spread. And look how cool the technology is—said the government cheerleaders—that scientists can use something called DNATrax to track the movement of microscopic substances in air and food. (Imagine the kinds of surveillance that could be carried out by the government using trackable airborne microscopic substances you breathe in or ingest.)

Mind you, this is the same government that in 1949 sprayed bacteria into the Pentagon’s air handling system, then the world’s largest office building. In 1950, special ops forces sprayed bacteria from Navy ships off the coast of Norfolk and San Francisco, in the latter case exposing all of the city’s 800,000 residents.

In 1953, government operatives staged “mock” anthrax attacks on St. Louis, Minneapolis, and Winnipeg using generators placed on top of cars. Local governments were reportedly told that “‘invisible smokescreen[s]’ were being deployed to mask the city on enemy radar.” Later experiments covered territories as wide-ranging as Ohio to Texas and Michigan to Kansas.

In 1965, the government’s experiments in bioterror took aim at Washington’s National Airport, followed by a 1966 experiment in which army scientists exposed a million subway NYC passengers to airborne bacteria that causes food poisoning.

And this is the same government that has taken every bit of technology sold to us as being in our best interests—GPS devices, surveillance, nonlethal weapons, etc.—and used it against us, to track, control and trap us.

So, no, I don’t think the government’s ethics have changed much over the years. It’s just taken its nefarious programs undercover.

The question remains: why is the government doing this? The answer is always the same: money, power and total domination.

It’s the same answer no matter which totalitarian regime is in power.

The mindset driving these programs has, appropriately, been likened to that of Nazi doctors experimenting on Jews. As the Holocaust Museum recounts, Nazi physicians “conducted painful and often deadly experiments on thousands of concentration camp prisoners without their consent.”

The Nazi’s unethical experiments ran the gamut from freezing experiments using prisoners to find an effective treatment for hypothermia, tests to determine the maximum altitude for parachuting out of a plane, injecting prisoners with malaria, typhus, tuberculosis, typhoid fever, yellow fever, and infectious hepatitis, exposing prisoners to phosgene and mustard gas, and mass sterilization experiments.

The horrors being meted out against the American people can be traced back, in a direct line, to the horrors meted out in Nazi laboratories. In fact, following the second World War, the U.S. government recruited many of Hitler’s employees, adopted his protocols, embraced his mindset about law and order and experimentation, and implemented his tactics in incremental steps.

Sounds far-fetched, you say? Read on. It’s all documented.

As historian Robert Gellately recounts, the Nazi police state was initially so admired for its efficiency and order by the world powers of the day that J. Edgar Hoover, then-head of the FBI, actually sent one of his right-hand men, Edmund Patrick Coffey, to Berlin in January 1938 at the invitation of Germany’s secret police, the Gestapo.

The FBI was so impressed with the Nazi regime that, according to the New York Times, in the decades after World War II, the FBI, along with other government agencies, aggressively recruited at least a thousand Nazis, including some of Hitler’s highest henchmen.

All told, thousands of Nazi collaborators—including the head of a Nazi concentration camp, among others—were given secret visas and brought to America by way of Project Paperclip. Subsequently, they were hired on as spies, informants and scientific advisers, and then camouflaged to ensure that their true identities and ties to Hitler’s holocaust machine would remain unknown. All the while, thousands of Jewish refugees were refused entry visas to the U.S. on the grounds that it could threaten national security.

Adding further insult to injury, American taxpayers have been paying to keep these ex-Nazis on the U.S. government’s payroll ever since. And in true Gestapo fashion, anyone who has dared to blow the whistle on the FBI’s illicit Nazi ties has found himself spied upon, intimidated, harassed and labeled a threat to national security.

As if the government’s covert, taxpayer-funded employment of Nazis after World War II wasn’t bad enough, U.S. government agencies—the FBI, CIA and the military—have since fully embraced many of the Nazi’s well-honed policing tactics, and have used them repeatedly against American citizens.

It’s certainly easy to denounce the full-frontal horrors carried out by the scientific and medical community within a despotic regime such as Nazi Germany, but what do you do when it’s your own government that claims to be a champion of human rights all the while allowing its agents to engage in the foulest, bases and most despicable acts of torture, abuse and experimentation?

When all is said and done, this is not a government that has our best interests at heart.

This is not a government that values us.

Perhaps the answer lies in The Third Man, Carol Reed’s influential 1949 film starring Joseph Cotten and Orson Welles. In the film, set in a post-WW II Vienna, rogue war profiteer Harry Lime has come to view human carnage with a callous indifference, unconcerned that the diluted penicillin he’s been trafficking underground has resulted in the tortured deaths of young children.

Challenged by his old friend Holly Martins to consider the consequences of his actions, Lime responds, “In these days, old man, nobody thinks in terms of human beings. Governments don’t, so why should we?

“Have you ever seen any of your victims?” asks Martins.

“Victims?” responds Limes, as he looks down from the top of a Ferris wheel onto a populace reduced to mere dots on the ground. “Look down there. Tell me. Would you really feel any pity if one of those dots stopped moving forever? If I offered you twenty thousand pounds for every dot that stopped, would you really, old man, tell me to keep my money, or would you calculate how many dots you could afford to spare? Free of income tax, old man. Free of income tax — the only way you can save money nowadays.”

This is how the U.S. government sees us, too, when it looks down upon us from its lofty perch.

To the powers-that-be, the rest of us are insignificant specks, faceless dots on the ground.

To the architects of the American police state, we are not worthy or vested with inherent rights. This is how the government can justify treating us like economic units to be bought and sold and traded, or caged rats to be experimented upon and discarded when we’ve outgrown our usefulness.

To those who call the shots in the halls of government, “we the people” are merely the means to an end.

“We the people”—who think, who reason, who take a stand, who resist, who demand to be treated with dignity and care, who believe in freedom and justice for all—have become obsolete, undervalued citizens of a totalitarian state that, in the words of Rod Serling, “has patterned itself after every dictator who has ever planted the ripping imprint of a boot on the pages of history since the beginning of time. It has refinements, technological advances, and a more sophisticated approach to the destruction of human freedom.”

In this sense, we are all Romney Wordsworth, the condemned man in Serling’s Twilight Zone episode “The Obsolete Man.”

The Obsolete Man” speaks to the dangers of a government that views people as expendable once they have outgrown their usefulness to the State. Yet—and here’s the kicker—this is where the government through its monstrous inhumanity also becomes obsolete. As Serling noted in his original script for “The Obsolete Man,” “Any state, any entity, any ideology which fails to recognize the worth, the dignity, the rights of Man…that state is obsolete.

How do you defeat a monster?

As I make clear in my book Battlefield America: The War on the American People, you start by recognizing the monster for what it is.

The post From Mind Control to Viruses: How the Government Keeps Experimenting on Its Citizens first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Get Ready For The Most Painful Inflation Since The Jimmy Carter Years Of The 1970s

This article was originally published by Michael Snyder at The Economic Collapse Blog. 

If you are too young to have been alive during the 1970s, you might want to read up on that decade, because current economic conditions are starting to become eerily similar to what we experienced back then.  In the 1970s, an energy crisis caused tremendously long lines at gas stations all over the country.

In 2021, we don’t have a shortage of gasoline, but shortages of other key products are starting to cause very serious problems.  In fact, as you will see below, even the Biden administration is publicly admitting that there will be “supply chain disruptions” in the months ahead.  The 1970s also featured extremely painful inflation, and I certainly don’t need to tell you that prices have been rising very aggressively lately.  In fact, Bloomberg is using the term “skyrocketing” to describe the “upward trajectory” of commodity prices…

The prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life.

From steel and copper to corn and lumber, commodities started 2021 with a bang, surging to levels not seen for years. The rally threatens to raise the cost of goods from the lunchtime sandwich to gleaming skyscrapers. It’s also lit the fuse on the massive reflation trade that’s gripped markets this year and pushed up inflation expectations. With the U.S. economy pumped up on fiscal stimulus, and Europe’s economy starting to reopen as its vaccination rollout gets into gear, there’s little reason to expect a change in direction.

Over the past year, the Federal Reserve has pumped more money into the financial system than ever before, and the U.S. government has been on a wild spending spree that makes Zimbabwe look fiscally conservative.

It was inevitable that this was going to cause rampant inflation, but the numbers that we are starting to see are so crazy they are difficult to believe.  A couple of weeks ago, Charlie Bilello posted a summary of how commodity prices have changed over the past year…

Lumber: +265%
WTI Crude: +210%
Gasoline: +182%
Brent Crude +163%
Heating Oil: +107%
Corn: +84%
Copper: +83%
Soybeans: +72%
Silver: +65%
Sugar: +59%
Cotton: +54%
Platinum: +52%
Natural Gas: +43%
Palladium: +32%
Wheat: +19%
Coffee: +13%

At this point, nobody can deny what is happening, and even the Biden administration is admitting that there will be “supply chain disruptions” and “transitory increases in prices”…

Council of Economic Advisers chair Cecilia Rouse said on this week’s broadcast of “Fox News Sunday” that they expect to see some “transitory inflation” as America is coming out of the coronavirus pandemic.

Anchor Chris Wallace said, “Can you guarantee with all this spending that we are not going to have a new round of overheating the economy and serious inflation?

Rouse said, “These are very serious concerns, and we know that coming out of an extremely deep recession that there are going to be bumps along the way. We expect that there is going to be supply chain disruptions. That will cause some transitory increases in prices.”

Biden administration officials would like for us to believe that this inflationary period will just be “temporary”, but exactly how do they plan to achieve that?

Do they have a plan to somehow pull trillions of dollars out of the system?

No, they are planning to borrow and spend trillions more.

In the 1970s, double-digit inflation made headlines for years on end.  Many people believe that we are well on the way to a return to such levels, but according to John Williams of shadowstats.com, we are already there.  In fact, if inflation was still calculated the way that it was back in 1980, we would already be in double-digit territory.

And for certain items, we are already seeing inflation that is off the charts.

For example, the price of corn is up more than 30 percent so far in 2021…

From tortillas to cornbread, some of your favorite corn-based dishes may go up in price late this summer.

Corn has been leading the rally among grain commodities, rising more than 30% in 2021, according to MarketWatch.

Corn is used in hundreds of different products at the grocery store, and so this is going to dramatically affect the food budgets of millions upon millions of American families.

Meanwhile, we continue to see more shortages start to emerge.  Last week, the mainstream media was freaking out over our new nationwide chicken shortage

A chicken shortage is taking place across the country, much of it fueled by the chicken sandwich craze at fast food chains such as KFC and Bojangles, which are having a hard time keeping up with soaring demand. Experts say February’s massive winter storm in Texas also contributed to gaps in the supply chain.

That shortage is supposed to be “temporary”, but analysts are warning that the current computer chip shortage could last until 2022.

But despite all of the problems that I just detailed, Americans are increasingly optimistic about the future.

In fact, one recent poll found that a whopping 64 percent of all Americans “are optimistic about the direction of the country”

Nearly two-thirds of Americans (64%) are optimistic about the direction of the country in the poll, which was conducted by Ipsos in partnership with ABC News using Ipsos’ KnowledgePanel.

And Americans are also extremely optimistic about the stock market.  If you can believe it, Americans now have more of their assets invested in the stock market than ever before

Individual investors are holding more stocks than ever before as major indexes climb to fresh highs. They are also upping the ante by borrowing to magnify their bets or increasingly buying on small dips in the market.

Stockholdings among U.S. households increased to 41% of their total financial assets in April, the highest level on record. That is according to JPMorgan Chase & Co. and Federal Reserve data going back to 1952 that includes 401(k) retirement accounts.

Most Americans seem to believe that happy days are here again, and the stage is set for an immense nationwide emotional meltdown once this “bubble of hope” inevitably bursts.

Anyone that believes that things are going to get better has a fundamental misunderstanding of the times in which we live.

We have just been through the most painful year for the U.S. economy since the Great Depression of the 1930s, and I know that most people would like to see things turn around, but that simply is not going to happen.

Very dark days are ahead, and those that are trusting Joe Biden to save America are going to be bitterly, bitterly disappointed.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The post Get Ready For The Most Painful Inflation Since The Jimmy Carter Years Of The 1970s first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Hello Pal App: Get Paid In Crypto To Stream? Is It Too Good To Be True?

A new app called Hello Pal claims to pay you in cryptocurrency to live stream. But is it too good to be true? And what’s the catch?

In the video below, Tech Hustler reviewed the Hello Pal Platform. The Hello Pal app is a live streaming app where you can earn hello pal’s cryptocurrency called “Charm” and trade it for Paypal, Bitcoin, or Alipay. Soon you will be able to purchase crypto mining rigs from hello pal and watch your earnings be added to your hello pal wallet every day.

This could be a way to make a few extra bucks on the side.  Even if you do earn some crypto, who says you can’t immediately exchange it for fiat dollars? You can also earn gift cards according to Tech Hustler.

The company’s stock has risen lately, meaning they could be getting more popular. (This is not financial advice, do your own research before you invest in anything.)

Through Hello Pal’s Crypto-Mining Service, you’ll be able to own or part-own cryptocurrency mining rigs (“miners”) and enjoy the experience and rewards of mining Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Litecoin (LTC), all without the hassle of finding/acquiring a suitable miner, complicated hardware/software setup, expensive electricity bills, and endless maintenance!

Between Hello Pal and our strategic partners, we have over 40,000 miners that we are able to make available to you, so that you can own your own miner and start mining BTC, ETH, DOGE, and LTC.

You may have heard about Cloud-mining, where you rent cloud computing power to mine cryptocurrency. This is NOT cloud-mining.

Our service allows you to purchase your own specific miner and own it, so all the cryptocurrency mined from it belongs to you, and since you own the miner, you can transfer ownership of it, or even sell it back to us. As part of our terms of sale and service, your miner will be hosted and managed in our professionally-run mining facilities which enjoy first-class security and very low-cost electricity. –Hello Pal

Cryptocurrency could be the future. Who knows? And why not earn something to be on your phone?

Full disclosure: I have not tried this app yet, I just thought it may be an interesting way to earn something on the side considering the sad state of affairs the government has put so many in at this point in history.  Give it try if you’d like, and if not, at least you are aware it exists!

 

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Financial Tyranny: Footing the Tax Bill for the Government’s Fiscal Insanity

This article was originally published by  John W. Whitehead & Nisha Whitehead at The Rutherford Institute. 

EDITOR’S NOTE: Taxation is theft. The rulers see us as tax cattle to be stolen from and abused until they no longer need us.  Time to wake up.

“We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.”—Herbert Hoover

We’re not living the American dream. We’re living a financial nightmare.

The U.S. government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones who will be forced to foot the bill for the government’s fiscal insanity.

We’ve been sold a bill of goods by politicians promising to pay down the national debt, jumpstart the economy, rebuild our infrastructure, secure our borders, ensure our security, and make us all healthy, wealthy, and happy.

None of that has come to pass, and yet we’ve still been loaded down with debt not of our own making.

This financial tyranny works the same whether it’s a Democrat or Republican at the helm.

Let’s talk numbers, shall we?

The national debt (the amount the federal government has borrowed over the years and must pay back) is $28 trillion and growing. That translates to roughly $224,000 per taxpayer.

The government’s answer to the COVID-19 pandemic has been to throw more money at the problem in the form of stimulus checks, small business loans, unemployment benefits, vaccine funding, and financial bailouts for corporations. All told, the federal government’s COVID-19 spending has exceeded $4 trillion.

The Biden administration is proposing another $2 trillion in infrastructure spending.

The amount this country owes is now greater than its gross domestic product (all the products and services produced in one year by labor and property supplied by the citizens). And the top two foreign countries who “own” about a third of our debt are China and Japan.

That debt is also growing exponentially: it is expected to be twice the size of the U.S. economy by 2051.

Essentially, the U.S. government is funding its very existence with a credit card.

We’re paying more than $300 billion in interest every year on that public debt, not including what COVID-19 just added to the bill. That breaks down to more than $2400 per household.

According to the Committee for a Reasonable Federal Budget, the interest we’re paying on this borrowed money is “nearly twice what the federal government will spend on transportation infrastructure, over four times as much as it will spend on K-12 education, almost four times what it will spend on housing and over eight times what it will spend on science, space, and technology.”

Clearly, the national debt isn’t going away anytime soon, especially not with government spending on the rise and interest payments making up such a large chunk of the budget.

Still, the government remains unrepentant, unfazed, and undeterred in its wanton spending.

Indeed, the national deficit (the difference between what the government spends and the revenue it takes in) is expected to be $2.3 trillion for fiscal 2021.

If Americans managed their personal finances the way the government mismanages the nation’s finances, we’d all be in debtors’ prison by now.

Despite the government propaganda being peddled by the politicians and news media, however, the government isn’t spending our tax dollars to make our lives better.

We’re being robbed blind so the governmental elite can get richer.

This is nothing less than financial tyranny.

“We the people” have become the new, permanent underclass in America.

In the eyes of the government, “we the people, the voters, the consumers, and the taxpayers” are little more than pocketbooks waiting to be picked.

Consider: The government can seize your home and your car (which you’ve bought and paid for) over nonpayment of taxes. Government agents can freeze and seize your bank accounts and other valuables if they merely “suspect” wrongdoing. And the IRS insists on getting the first cut of your salary to pay for government programs over which you have no say.

We have no real say in how the government runs, or how our taxpayer funds are used, but we’re being forced to pay through the nose, anyhow.

We have no real say, but that doesn’t prevent the government from fleecing us at every turn and forcing us to pay for endless wars that do more to fund the military industrial complex than protect us, pork barrel projects that produce little to nothing, and a police state that serves only to imprison us within its walls.

If you have no choice, no voice, and no real options when it comes to the government’s claims on your property and your money, you’re not free.

It wasn’t always this way, of course.

Early Americans went to war over the inalienable rights described by philosopher John Locke as the natural rights of life, liberty and property.

It didn’t take long, however—a hundred years, in fact—before the American government was laying claim to the citizenry’s property by levying taxes to pay for the Civil War. As the New York Times reports, “Widespread resistance led to its repeal in 1872.”

Determined to claim some of the citizenry’s wealth for its own uses, the government reinstituted the income tax in 1894. Charles Pollock challenged the tax as unconstitutional, and the U.S. Supreme Court ruled in his favor. Pollock’s victory was relatively short-lived. Members of Congress—united in their determination to tax the American people’s income—worked together to adopt a constitutional amendment to overrule the Pollock decision.

On the eve of World War I, in 1913, Congress instituted a permanent income tax by way of the 16th Amendment to the Constitution and the Revenue Act of 1913. Under the Revenue Act, individuals with income exceeding $3,000 could be taxed starting at 1% up to 7% for incomes exceeding $500,000.

It’s all gone downhill from there.

Unsurprisingly, the government has used its tax powers to advance its own imperialistic agendas and the courts have repeatedly upheld the government’s power to penalize or jail those who refused to pay their taxes.

While we’re struggling to get by, and making tough decisions about how to spend what little money actually makes it into our pockets after the federal, state and local governments take their share (this doesn’t include the stealth taxes imposed through tolls, fines and other fiscal penalties), the government continues to do whatever it likes—levy taxes, rack up debt, spend outrageously and irresponsibly—with little thought for the plight of its citizens.

To top it all off, all of those wars the U.S. is so eager to fight abroad are being waged with borrowed funds. As The Atlantic reports, “U.S. leaders are essentially bankrolling the wars with debt, in the form of purchases of U.S. Treasury bonds by U.S.-based entities like pension funds and state and local governments, and by countries like China and Japan.”

Of course, we’re the ones who will have to repay that borrowed debt.

For instance, American taxpayers have been forced to shell out more than $5.6 trillion since 9/11 for the military-industrial complex’s costly, endless so-called “war on terrorism.” That translates to roughly $23,000 per taxpayer to wage wars abroad, occupy foreign countries, provide financial aid to foreign allies, and fill the pockets of defense contractors and grease the hands of corrupt foreign dignitaries.

Mind you, that staggering $6 trillion is only a portion of what the Pentagon spends on America’s military empire.

The United States also spends more on foreign aid than any other nation ($50 billion in 2017 alone). More than 150 countries around the world receive U.S. taxpayer-funded assistance, with most of the funds going to the Middle East, Africa, and Asia. That price tag keeps growing, too.

As Dwight D. Eisenhower warned in a 1953 speech, this is how the military-industrial complex will continue to get richer, while the American taxpayer will be forced to pay for programs that do little to enhance our lives, ensure our happiness and well-being, or secure our freedoms.

This is no way of life.

Yet it’s not just the government’s endless wars that are bleeding us dry.

We’re also being forced to shell out money for surveillance systems to track our movements, money to further militarize our already militarized police, money to allow the government to raid our homes and bank accounts, money to fund schools where our kids learn nothing about freedom and everything about how to comply, and on and on.

It’s tempting to say that there’s little we can do about it, except that’s not quite accurate.

There are a few things we can do (demand transparency, reject cronyism and graft, insist on fair pricing and honest accounting methods, call a halt to incentive-driven government programs that prioritize profits over people), but it will require that “we the people” stop playing politics and stand united against the politicians and corporate interests who have turned our government and economy into a pay-to-play exercise in fascism.

Unfortunately, we’ve become so invested in identity politics that pit us against one another and keep us powerless and divided that we’ve lost sight of the one label that unites us: we’re all Americans.

Trust me, we’re all in the same boat, folks, and there’s only one real-life preserver: that’s the Constitution and the Bill of Rights.

The Constitution starts with those three powerful words: “We the people.”

As I make clear in my book Battlefield America: The War on the American People, there is power in our numbers. That remains our greatest strength in the face of a governmental elite that continues to ride roughshod over the populace. It remains our greatest defense against a government that has claimed for itself unlimited power over the purse (taxpayer funds) and the sword (military might).

Where we lose out is when we fall for the big-talking politicians who spend big at our expense.

The post Financial Tyranny: Footing the Tax Bill for the Government’s Fiscal Insanity first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Infrastructure Bills Do Not Lead To Recovery, Only Increased Federal Control

This article was originally published by Brandon Smith of Alt-Market.us at The Birch Gold Group. 

The concept of infrastructure stimulus has been hyped for decades as a kind of cure-all for economic decline. The propaganda runs parallel to the narrative of the “savior” of the Great Depression, Franklin Delano Roosevelt. In fact, one cannot examine the presidency of FDR without being bombarded with one-sided worship of infrastructure spending and the “New Deal.”

The New Deal is often credited in left-leaning literature as being the singular cure for the depression, and FDR by extension has been handed messiah status among leftists. The New Deal is supposedly proof that massive socialized federal and central bank interventions through public works programs is economic ambrosia. So, it’s not surprising that nearly every president since the Great Depression has argued for an unprecedented infrastructure bill when faced with economic collapse. A large portion of the public on both sides of the aisle has been trained to think these programs will save us.

Biden, in particular, has made historic stimulus spending the very first platform of his administration, and consistently cites FDR and Lyndon Johnson as patron saints of his infrastructure bill. If it worked for them, then obviously it will work for him… right?

Actually, the New Deal wasn’t a great deal

In reality, the public works and welfare programs of FDR in particular had very little to do with the ending of the Great Depression. In fact, the New Deal actually made the situation worse.

Roosevelt’s own Treasury Secretary, Henry Morgenthau, lamented on May 6th, 1939 after two full terms of FDR’s presidency and stimulus programs that the New Deal was a complete failure. He stated to fellow Democrats during a session of the House Ways and Means Committee that:

“We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong… somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises… I say after eight years of this Administration we have just as much unemployment as when we started… And an enormous debt to boot!”

High unemployment and declining living standards were an epidemic in the U.S. throughout the 1930s and well into World War II. The Census Bureau outlines the dismal state of the financial system and the U.S. consumer throughout this period in its “Historical Statistics of the United States.” By 1939 the stock market had crashed on multiple occasions, car sales imploded by 30%, business closures increased by 50%, and real estate foreclosures were still near record highs. The New Deal had achieved minimal benefits of limited scope, but not much else. For the average American, it was as if nothing had changed in a decade.

That said, for certain major companies and big banks, the gains were incredible. Companies like General Electric, IBM, Proctor and Gamble, and JP Morgan saw endless profits during the Great Depression while buying up smaller competitors for pennies on the dollar. Those companies involved in public works programs siphoned government money like a black hole while very little trickled down to American workers. All in all, the Great Depression was a windfall for the corporate elite as wealth was consolidated and centralized into fewer and fewer hands.

So we have to ask, if the New Deal was a failure and did nothing to solve the depression problem, what did solve it? Some historians and journalists suggest the beginning of World War II and increased defense spending saved America. This is incorrect. As noted by Robert Higgs, the U.S. standard of living continued to decline throughout World War II. It was not the beginning of the war that saved America, but “After the war, genuine prosperity returned for the first time since 1929.”

How the U.S. led the world out of the war

The U.S. was one of the only industrialized nations on the planet that had been left mostly untouched by the destruction. Because of this, all other nations had to turn to the U.S. for manufacturing during the long rebuilding process. In Europe, this process carried on well into the 1950s. The U.S. had very little competition, so much so that the U.S. dollar’s reserve status increased to the point of complete dominance. If you wanted access to manufactured goods, you had to trade with the U.S. and to trade with the U.S., you had to have a stockpile of U.S. dollars.

What I see today is a change in the flow of global commerce – in the opposite direction from the post-war era. Yes, trillions of dollars in stimulus measures have created a short-term reversal of the pandemic collapse. In fact, there is much evidence to suggest the economy is overheating. Price inflation is becoming rampant in numerous sectors.

In the meantime, U.S. Treasuries are being dumped by foreign investors and the dollar is in decline. Central banks are now dumping the dollar, decreasing their reserves to the lowest level since 1995.

China is now the world’s largest manufacturing base, leaving very little major industry on U.S. soil. In the background, globalists are calling for a “Great Reset” of the world economy that would centralize monetary policy even further and create the foundation of a cashless society built on a digital reserve currency system.

What’s the massive infrastructure spending really about?

I believe, according to the evidence as well as past failures like the New Deal, that Biden’s infrastructure plans will accelerate the U.S. collapse instead of reversing it. The U.S. GDP might increase, but only because it is calculated to include almost every dime the government prints out of thin air and spends. Production of fiat money is not the same as real production within the economy.

Trillions of dollars in public works programs might create more jobs, but it will also inflate prices as the dollar goes into decline. So, unless wages are adjusted constantly according to price increases, people will have jobs, but still won’t be able to afford a comfortable standard of living. This leads to stagflation, in which prices continue to rise while wages and consumption stagnate.

Another Catch-22 to consider is that if inflation becomes rampant, the Federal Reserve may be compelled (or claim they are compelled) to raise interest rates significantly in a short span of time. This means an immediate slowdown in the flow of overnight loans to major banks, an immediate slowdown in loans to large and small businesses, an immediate crash in credit options for consumers, and an overall crash in consumer spending. You might recognize this as the recipe that created the 1981-1982 recession, the third-worst in the 20th century.

In other words, the choice is stagflation, or deflationary depression.

Finally, I would point out that there may also be an ulterior motive for the deluge of federal dollars into state economies through public works. Currently, Conservative states are increasingly willing to risk the consequences of returning to business as usual, regardless of federal mandates. Resistance is building against pandemic-related restrictions.

Red states are also seeing a far superior financial recovery when compared to blue states. Blue states have sabotaged themselves with lockdowns while red states have remained more open. However, the Biden Administration is hell bent on keeping pandemic restrictions in place nationwide

What if infrastructure spending plans are designed to trap red states into compliance with future covid mandates? What if the goal is to bribe these states with trillions in stimulus, but only if they submit to federal authority? I suspect that Biden’s public works bill is partially intended to be a blue state bailout, and money will be withheld from any conservative state that refuses to conform to lockdowns.

Only time will tell what the true agenda is, but this much is undeniable given the facts at hand: Biden’s plan is either an act of desperation, a deliberate attempt to pull the rug out from under the U.S. dollar and the economy to jump-start the globalist reset or a scheme to lock state governments into obedience over pandemic restrictions.

Whatever else Biden’s “New New Deal” is, it is certainly NOT a plan for economic recovery.

The post Infrastructure Bills Do Not Lead To Recovery, Only Increased Federal Control first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Charles Barkley: “We’re So STUPID Following Politicians”

Charles Barkley has come forward to call us all stupid for following politicians. The political system is rigged to favor the powerful and keep everyone else at each other’s throats to protect the status quo, Charles Barkley said in a fiery commentary on divisiveness in the United States.

He’s not the only one who noticed this. It’s a tactic that has been used for centuries, if not millennia to keep the public from fighting against those who rule over them. “I think our system is set up where our politicians, whether they’re Republicans or Democrats, are designed to make us not like each other so they can keep their grasp of money and power,” says Barkley. “I truly believe in my heart most white people and black people are awesome people, but we’re so stupid following our politicians, whether they’re Republicans or Democrats,” he said, according to a report by RT.

It is rare when someone speaks truth to power in the United States anymore.  Most are willfully ignorant slaves more than ready to bow upon command to those who rule over them with the iron fist of a totalitarian dictatorship.

Barkley added of the divide-and-conquer strategy: “Hey, let’s make these people not like each other. We don’t live in their neighborhoods, we all got money, let’s make the whites and blacks not like each other, let’s make rich people and poor people not like each other, let’s scramble the middle class.” It’s all by design and it has been for quite some time.  Probably longer than most are willing to admit.

Domestic Terrorists: We Are Being Divided By Design, And Easily Manipulated

Barkley once supported the Republican Party, but apparently became disillusioned with it. In the 2000s, when he was pondering a bid for governor of Alabama, he said he would run as an independent. The rulers will make sure no one can change the system from within. That’s not how this is set up. It’s set up so a select few chosen can rule over the many.

Government is slavery and the sooner we all realize the depth of what we have been put through generation after generation, the rulers will have no option but to cease controlling us.  But as I keep saying, it’s up to us.  We have to figure it out and stand together.

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Stimulus Addiction Disorder: The Debt-Disposable Earnings Pyramid

This article was originally published by Charles Hugh Smith at Of Two Minds Blog. 

One glance at this chart explains why the status quo is locked on “run to fail” and will implode in a spectacular collapse of the unsustainable debt super-nova.

For those who suspect the status quo is unsustainable but aren’t quite sure why I’ve prepared a simple chart that explains the financial precariousness many sense. The chart depicts the two core elements of a debt-based, consumerist economy: disposable earnings, defined as the earnings left after paying for essentials which can then be used to service debt and debt.

In other words, if all the household earnings are spent on non-discretionary expenses (rent or mortgage, taxes, food, utilities, healthcare, etc.) then there is no money left to pay the interest and principal on a loan. Lenders consider this household uncreditworthy for the simple reason that their earnings cannot support the monthly nut of debt service (interest and principal).

Note the word earnings as opposed to income. Social entitlements such as Social Security are income but they are funded by taxes paid by those with earnings. (All of America’s social entitlements are pay as you go–the trust funds are PR fiction.) The investment income (interest) paid to owners of Treasury bonds is also paid by taxes on earnings.

All the interest and principal of the debt is ultimately paid out of earnings, either private-sector debt paid directly out of wages or public-sector debt paid out of taxes which are paid out of earnings.

The problem with servicing debt out of income is two-fold: one, earnings of the bottom 95% have been stagnant for decades, which means earnings aren’t actually rising in terms of the goods and services they can buy, and two, the cost of non-discretionary expenses (essentials) has been rising, especially the big-ticket costs such as housing, healthcare and higher education.

You see the problem: since earnings are flat and the cost of essentials is steadily rising, there are fewer disposable earnings left every month to service debt. This is a problem in an economy like America’s that depends on debt-funded consumption to fuel “growth.” No increase in debt means no increase in consumption which means no “growth.”

In response, the status quo–the Federal Reserve and the federal government–have played two financial tricks to maintain the illusion that earnings can support more debt: one, the Fed has lowered interest rates to near-zero, reducing the costs of mortgages (but not the sky-high interest rates charged on student loans or credit cards, of course) so the same stagnant earnings can support a much larger mortgage, and two, the federal government has increased its own borrowing to fund various stimulus programs, most of which are corporate welfare to monopolies and cartels in the form of subsidies, tax breaks, government contracts, etc. But as the consumerist economy weakens, the government is increasing its stimulus to households as well–all with borrowed money that is theoretically serviced by taxes on earnings.

Alas, these tricks are not sustainable. Interest rates can’t go lower than zero without bankrupting the banking sector, and federal spending is completely untethered from tax revenues.

The “solution” is obvious: borrow the money needed to service new and existing debt. This is the definition of a zombie economy comprised of zombie companies and zombie consumers that need to borrow more to sustain the illusion of solvency, i.e. that their disposable earnings are sufficient to service all their debts.

Notice that the debt-disposable pyramid is inverted: an ever-larger amount of debt is being piled on an ever-shrinking amount of disposable earnings. The trick of borrowing more to make the payments on the existing debt and fund new consumption results in a compounding of debt, not an arithmetic (linear) increase in debt: debt grows geometrically while the disposable earnings needed to service the debt remain stagnant.

The only “solution” left is Stimulus Addiction Disorder (SAD): the Fed must create trillions of dollars out of thin air to buy the Treasury bonds that are sold to fund trillions of dollars in stimulus–not once or twice, but from now on until the entire travesty of a mockery of a sham collapses under its own weight of flimflammery and fraud.

Artifice, illusion and simulacra are not real, and what’s not real vanishes back into the air whence it came. One glance at this chart explains why the status quo is locked on run to fail and will implode in a spectacular collapse of the unsustainable debt super-nova. SAD, to be sure.

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BIDEN/HARRIS/PELOSI: FREE MONEY!

This article was contributed by Portfolio Wealth Global. 

One of the topics that we see coming up in the financial media is the fear of a lost decade ahead. I want to discuss this subject since we have an army of billionaires who are warning everyone that it’s coming. One common denominator of these billionaires is age: they’re all older and actually are well into their retirement years.

Ray Dalio, who has been sounding the alarm for several years (while missing out on Bitcoin and delivering sub-market returns), is 71-years-old.

Charlie Munger, who has now joined the chorus of value investing legends who proclaim that traditional P/E ratios are sensationally-high, warns that stocks will return very low yields for years.

Jeremy Grantham, a value investor worth billions, who correctly predicted many incredible price forecasts, is actually saying that today’s bubble is greater than the Dotcom era.

Charlie Munger is 97-years-old and Grantham is 82-years-old.

They all gloriously missed Bitcoin, while we highlighted the bullish thesis below $500/coin.

They have all missed the rise of the tech giants and they are all obsessed with valuing companies from one angle only.

Their angle, unfortunately, is quite flawed, especially if we take the last 15-20 years as a case study.

There wouldn’t have been any point, from the year 2001 until the present day, where the analyses they conducted on securities would have put Amazon.com on their radar!

That’s crazy!

Even if they look at some of the best-performing companies of recent years, their approach to investing is limited to what they’re accustomed to and they’d admit that they would not have purchased shares in it, retroactively.

Warren Buffett, who has been great friends with Bill Gates since the early 1990s, missed out on Microsoft!

My point is that today’s market is expensive in many regards, compared with history, since interest rates are super-low, but will higher rates really crash stocks beyond belief?

The reason investors sell out of stocks is because they can lend money to governments and corporations, a strategy that is considered to be of lower-risk and becomes more enticing if interest rates rise.

Under this Biden/Harris/Pelosi regime, the government plans to spend a whole bunch. They want to embark upon an infrastructure program worth anywhere from $2tn to $4tn. They want to keep helping families with children and eradicate poverty (well-intended, but impossible) and this costs money.

The philosophy behind it is that the government borrows at such low yields that the ROI today is attractive since the impact of these programs will result in wealthier generations in the future.

Government debt is one thing, but corporations, those that don’t get to print currency to pay for their grandiose ideas, owe a collective $10tn to lenders.

This doesn’t necessarily qualify as a bubble, but the risks here are huge.

The message I have for you is that the government under Biden/Harris plans on spending heavily. We don’t see any reason to believe government debt will have any insolvency challenges, but the likely damage in the corporate bonds market is colossal, should rates rise.

The next downturn will expose how bad things are, but I made sure that I own no company with a debt burden on their books, nor do I hold any security that relies upon financing to bankroll its business.

That debt cycle is a recipe for disaster and I don’t plan to dabble in it.

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The “Wait and See” Economy’s Moment of Truth

This article was originally published by Charles Hugh Smith at Of Two Minds Blog.

The “wait and see” economy is about to face its moment of truth, and one truth is the $1.8 trillion being passed out like candy is already spent.

The defining phrase of the U.S. economy for the past year is “wait and see”: every enterprise impacted by the pandemic that didn’t close immediately has been in “wait and see” mode, clinging on to the hope that once the pandemic ends then everything will roar back to life, bigger and better than before.

With the promise of herd immunity fast approaching, the moment of truth for “wait and see” is also fast approaching. The conventional view is that the trillions of dollars in stimulus kept business as usual alive and ready to soar back to the good old days. The almost $2 trillion injection of financial smack currently in progress will ignite the afterburners and the economy will rocket higher than anyone can imagine.

The problem with this rosy view is the economy was on fumes before the pandemic, as Gordon Long and I highlighted in our 53-minute presentation, The Coming Deflationary Tsunami. Interest rates had been falling for 40 years and there was little leeway for more of the magic of falling rates. The spending of the upper-middle class had already rolled over as the awareness that the longest expansion in U.S. history was faltering seeped into financial decisions–and no wonder, since every trick in the book had been required to keep it alive: zero interest rates, quantitative easing galore, tax cuts, massive deficit spending and speculative bubbles in every asset class.

Then there was the spot of bother in the repo markets. Something had broken in the financial plumbing (a massive break in the sewers?) and the Federal Reserve rushed freshly printed billions to stop the sewage from seeping into the precarious economy.

Though nobody dared discuss it, the economy was creaking under the burden of overcapacity in just about everything: too many cafes, too many channels of this and that, too many office towers built for get-rich-quick techies planning to sell out to Big Tech and retire at 25, too many resorts, and so on.

One driver of the overcapacity was the rise of Zombie Corporations–companies that only remain among the living if they can borrow even more money at lower rates to fill the holes in their balance sheets and cash flow. The Fed’s implicit goal was to never let a single Zombie die because that might send the wrong signal, i.e. that creative destruction was allowed. Creative destruction is no longer allowed by the Fed, never ever ever. So the economic landscape is cluttered with Fed zombies.

Also ignored was the inconvenient fact that wages for the bottom 95% have stagnated for decades and so where was all this money being blown coming from? From debt, of course, and the phantom wealth generated by speculative bubbles.

Then there are the demographic headwinds illuminated by Chris Hamilton, most recently in The Narrative Of Inflation Amid Depopulation. The working-age population has leveled off, along with the expansion of employment, while the number of those with claims on future earnings– the elderly and those “permanently out of the workforce”–are rising.

As Chris points out, speculative asset bubbles are just peachy for those who already own the assets–the top 10% who own close to 90% of financial assets–but of little value to the bottom 90% who get a pathetic 3% of all capital income.

Those greatly enriched by the Fed’s bubble-blowing are mostly older, those who can’t afford homes and other inflated assets are mostly younger, burdened with stagnant wages, student loan debts, and an economy that’s rigged to favor the few at the expense of the many.

A great many young people are delaying or foregoing marriage and having children because they don’t have the means and security do so. So who’s going to be paying all the taxes needed to fund the enormous retirement and healthcare costs of 70 million retirees? No problem, we’ll just borrow another couple trillion a year forever. (Free fish for everyone forever!)

Nice, but the rest of the world has opted out of buying into our funny-money fantasies. So the Fed will have to buy all the trillions in bonds being issued, and that unleashes second-order effects that have the potential to go non-linear, i.e. actually have negative consequences in the real world.

Then there are the private changes in behaviors and risk assessment that add up to tidal changes in the economy. People are reassessing their exposure to risk, and letting go of activities and expenses they once took for granted. Maybe the $300 trips to the ballpark are no longer worth it; maybe the costs of eating out are recognized as unaffordable.

The majority of residents in over-touristed locales no longer want tourism at the same scale. Residents discovered that once the tourists were gone, life was good, even if the tourist-dependent businesses closed and unemployment rose.

Everyone is holding their breath waiting to surface, but many of the enterprises that have clung on in “wait and see” mode will find that things have changed, and time cannot be reversed to summer 2019. All those holding defaulted loans based on a full return to summer 2019 are also holding their breath, hoping that the back rent will be paid in full, the overdue mortgages paid in full, and so on.

The reality is overcapacity, over-indebtedness, and stagnant earnings are all deflationary. The “wait and see” economy is about to face its moment of truth, and one truth is the $1.8 trillion being passed out like candy is already spent–as is the economy and the Fed’s bag of tricks.

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It Is ALL BY DESIGN: The Great Reset Is Coming, Prepare For Digital Currency

If you think you have no liberty or freedom now, just wait until the Great Reset, and the elitists and ruling class demand you use their digital dollar.  This is all by design and everything will be tracked, traced, surveilled, monitored, and shut off if you don’t agree to willingly enslave yourself to these psychopaths.

Supporters of the World Economic Forum’s all-encompassing Great Reset agenda are eyeing BIG changes for the global monetary system.

Plans that might once have been dismissed as pure speculation or conspiracy theories are now being openly pushed by people who occupy the highest levels of power. -Stefan Gleason, Money Metals Exchange

If people allow a digital dollar to become a part of their lives, we will end up completely and wholly enslaved. Not that we aren’t now, but there will be no escape. Comply, or be shut off from buying food.

If the Federal Reserve, perhaps in coordination with the IMF, attains the ability to inject stimulus directly into digital wallets, then Quantitative Easing could take a whole new meaning. Central bankers could bypass Congress and distribute their own aid as they see fit – and dole out their own punishments as well.

Medical Journal: Get The COVID-19 Vaccine, Or Be Punished HARSHLY

Treasury Secretary Yellen recently told the New York Times, “Too many Americans really don’t have access to easy payment systems and to banking accounts, and I think this is something that a digital dollar — a central bank digital currency — could help with. I think it could result in faster, safer, and cheaper payments.”

But ankers and politicians do not work in our favor and any still believing they work for us, is delusional. A central bank digital currency might also result in the imposition of negative interest rates or the automatic deduction of taxes with no way for holders to escape. If you are guilty of “wrongthink,” expect to be punished for it monetarily. We have got to wake up and stop allowing other human beings to have any power or control over our lives. Stop the talk of transferring power and just cease to be a slave. This world is going down a dark path if we cannot realize we have no obligation to be slaves for any reason, whether the masters call it government or democracy or republic.

Federal Reserve Chairman Jerome Powell told Congress last week that the Fed is indeed “looking carefully” at issuing a digital dollar, calling it “a high priority project for us.”

The best way to protect yourself is to own physical gold and silver. YOu can also work with your neighbors more locally and take to a barter system that could be mutually beneficial for all. Both will help remove power from the system and in the end, free you and your family from the permanent enslavement these people want to force on us all.

 

The post It Is ALL BY DESIGN: The Great Reset Is Coming, Prepare For Digital Currency first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Episode-2833- Really Understanding Money

Money is something we are not taught about in school on any meaningful level and how could we expect otherwise.  It isn’t like the average teacher has a clue about money, just listen to them talk about it and that Continue reading →

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Kroger Not Requiring Employees to Get COVID Vaccine but Will Give Them $100 to Take It

This article was originally published by B.N. Frank at Activist Post. 

Last I heard, COVID-19 vaccines are still considered to be experimental, some recipients have experienced side effects – even death – after taking it, and many people still don’t want to take it, including some health care workers.

Last month, Kroger announced that they wouldn’t require employees to be vaccinated.  This month, they’re offering them money to take it.

From NPR:

Kroger Offers $100 Bonus To Employees Who Get Vaccinated

The supermarket giant Kroger Co. announced Friday that employees who receive a COVID-19 vaccine will be rewarded with a $100 bonus.

The one-time offer is available to all company associates, nearly 500,000 individuals in 35 states, who provide proof of their vaccination to human resources, Kroger said. Workers must have received the full manufacturer-recommended dose. As for those unable to receive the vaccine due to medical or religious reasons, completing an education and safety course will be enough for payment.

“As we move into a new phase of the pandemic, we’re increasing our investment to not only recognize our associates’ contributions but also encourage them to receive the COVID-19 vaccine as it becomes available to them to optimize their well-being, as well as the community’s,” Kroger Chief People Officer Tim Massa, said.

Kroger isn’t the first company to do this. The grocery chain Aldi offered employees two hours of pay per dose received. Dollar General also offered employees four hours of paid time. “We do not want our employees to have to choose between receiving a vaccine or coming to work,” the company said last month.

Just over 58 million doses of vaccines have been delivered throughout the country. However, only approximately 36.8 million of those doses have been administered, the CDC reported. And only 7.5 million people have received their full inoculation.

In an effort to get as many shots into arms as possible, a push was made in mid-January to allow anyone over the age of 65 to receive a vaccine. As a result, many frontline workers feel left behind. The virus doesn’t grow tired or weary, but grocery store associates do.

The Centers for Disease Control and Prevention categorizes grocery workers as frontline essential workers, the same group as firefighters and police officers, public transportation workers, and manufacturers. These individuals are part of the CDC’s phase 1B of its recommended distribution plan, making them eligible for inoculation after health care professionals and long-term care facility residents. But individual states draw up their own vaccine distribution plans.

Dr. Richard Besser, president of the Robert Wood Johnson Foundation and former acting commissioner of the Centers for Disease Control and Prevention, told member station WBUR that states need to focus on vaccinating those that put themselves in harm’s way.

“I think that it’s critically important that we recognize that while every community is being hit hard by this pandemic, the burden of this disease is not being felt equally,” Besser said. “And those people who need to leave their homes every day to earn money, to pay the rent, to make sure that everyone else has food on their table, we need to do all we can to protect them.”

Kroger announced earlier this week the company plans to close two of its stores in Long Beach, California after the city mandated a $4 raise for grocery workers at large supermarkets. The United Food and Commercial Workers International Union, which represents 1.3 million food workers including Kroger union members, said the company needs to do more.

“Kroger workers deserve free vaccinations for the risks they have faced and continue to face as COVID cases increase,” UFCW President Marc Perrone said in a statement obtained by NPR. “This one-time payment from Kroger is appreciated, but given the way the company has treated its workers during the pandemic, it does not recognize the contribution of these essential workers to our nation or the risks they face daily.”

Kristal Howard, Kroger’s head of corporate communications, said Perrone’s statement “inaccurately suggests vaccines are not being provided for free to all employees … all U.S. citizens for that matter. The $100 one-time vaccine payment is not a subsidy. It’s another way Kroger is motivating its workforce to optimize their health.”

Skeptics don’t have to look far to find examples of vaccine recipients experiencing permanent illnesses injuries (see 12).  Kroger may have to pony up more than $100 for employees who continue resisting the shot.

The post Kroger Not Requiring Employees to Get COVID Vaccine but Will Give Them $100 to Take It first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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