Tag Archives: Finance

The Fed Has Triggered A Stagflationary Disaster That Will Hit Hard This Year

By Brandon Smith

I don’t think I can overstate the danger that the U.S. economy is in right now as we enter 2022. While most people are caught up in the ongoing drama of Covid-19, a REAL threat looms over the nation in the form of a stagflationary tidal wave. The mainstream media is attempting to place the blame on “supply chain disruptions,” but this is a misrepresentation of the issue.

The two factors are indeed intertwined, but the reality is that inflation is the cause of supply chain disruptions, not the result of supply chain disruptions. If we look at the underlying stats for price rises in essential products we can get a clearer picture.

Before I get into my argument, I really want to stress that this is a precarious time and I suggest that people prepare accordingly. In just the past few months I have seen personal expenses rise at least 20% overall, and I’m sure it’s the same or worse for most of you. Stocking necessities and safe-haven investments with intrinsic value like physical precious metals are a good choice for protecting whatever buying power your dollars have left…

Higher prices everywhere

The Consumer Price Index (CPI) is officially at the highest levels in 40 years. CPI measurements often diminish the scale of the problem because they do not include things like food, energy and housing which are core expenses for the public. CPI calculations have also been “adjusted” over the past few decades by the government to express a more positive view on inflation. If we look at the inflation numbers at Shadowstats, calculated according to the same methods they used in the 1980s, we see a dramatic increase in CPI which paints a more dire (but more accurate) picture.

U.S. food prices have spiked to levels not seen since 2008 at the onset of the credit and derivatives collapse that brought about tens of trillions of dollars in Federal Reserve bailouts.

If we look beyond the 2008 crisis, food costs do not see a similar jump until the 1980s. Rising food prices in the US are often obscured by creative accounting and “shrinkflation” (shrinking packages and rising prices), but if we look at global food prices the average is a 30% jump in the past year.

Rental and home prices have also gone into the stratosphere. Rental costs went up around 18% in 2021, and this is an extension of a trend that has been prevalent for the past decade. Prices have been rising for a while, it’s just that now the avalanche has accelerated.

Home prices are currently out of the range of most new potential home buyers. Values jumped 16% in the past year alone, with the average property costing $408,000. Home sales continue to remain elevated compared to two years ago despite inflating prices for one reason and one reason only – the mass migration of Americans away from the draconian mandates and bureaucracy of blue states into more conservative states.

I live in Montana, a primary destination for people relocating, and from my experience the majority of these people are conservatives seeking to escape the vaccine and lockdown mandates in places like California, New York and Illinois. They see the writing on the wall and they are trying to get ahead of the economic and social calamity that will surely befall such states.

I would also note that home sales have finally begun to flatten in the past six months but prices are not dropping, which is a trend that I think needs to be explored further because it illustrates the larger issue of stagflation.

When inflation becomes stagflation

Understand that prices are not just rising because of increased demand (demand is starting to fall in many sectors), prices are rising because of increased money supply and dollar devaluation which is not yet being reflected in the Dollar Index.

Take a look at U.S. GDP and you will see that for the past several years it has tracked in tandem with price inflation. Obviously, if prices inflate then this means people are spending more, which then leads to higher U.S. GDP; it’s like magic, right? In other words, inflation makes it seem as though U.S. GDP is always improving.

However, this has not been the case in the past couple of years.

Official GDP has flattened despite the fact that U.S. money supply and inflation have rocketed higher. What does this mean? I believe it is a sign of stagflation and a reckoning in 2022. If we examine inflation adjusted GDP numbers from Shadowstats we see that GDP has declined rather aggressively in the past couple of years.

We can also see odd tendencies in oil and gasoline prices. While it’s true that gas prices have been higher in the past, this does not address the full context of the situation. U.S. travel spending has declined 12% since 2019 and airline travel has dropped at least 21% in the past year. Average gasoline usage dropped after 2019 and still has not recovered. Yet, gas prices continue to rise? In other words, travel demand is stagnant but prices are INCREASING – this is another signal of inflationary pressures and dollar devaluation. Oil is priced in dollars globally, and therefore any inflation in the dollar will be readily visible in oil. This would help explain why pandemic paranoia and reduced travel have not caused gas prices to drop.

If the current momentum continues the majority of necessities in the U.S. will not be affordable for most people by next year. We are looking at a fast-moving decline in production along with a swift explosion in prices. In other words, a stagflationary disaster.

This is the Federal Reserve’s fault

I and many other alternative economists have been warning about the inevitable inflation/stagflation crisis for years, but the most important factor to understand is WHO is responsible this event?

The mainstream financial media is going to protect the government and the Federal Reserve at all costs during this breakdown. They are going to blame Covid, the lockdowns here and overseas as well as the supply chain bottleneck.

The Fed is the true culprit, though.

While there have been many American presidents and other politicians who have supported the Fed in its inflationary activities, the central bank itself needs to be held accountable for the downturn that is about to occur. This is a process that started back at the founding of the Fed, but spread like cancer after the crash of 2008 and the introduction of 12+ years of stimulus and bailout measures along with near-zero interest rates.

The inflationary end-game

The pandemic is the perfect cover for the inflationary end-game. In 2008 the response to the crisis was to print and pump dollars into banks and corporations in the U.S. and around the globe. This money supply was held in corporate coffers and in central banks overseas, which slowed the effects of inflation. This set the precedent for subversive stimulus policies by giving the Fed a blank check to do whatever it wanted.

In 2020, the Fed created trillions more but this time the money was injected directly into the U.S. economy through Covid stimulus checks, PPP loans and other measures. In the alternative economic field we call this “helicopter money.” These dollars triggered a massive retail buying spree in 2020, but with more dollars in the economy chasing less goods prices are now spiking much higher.

The big discussion today is whether or not the Fed will taper their asset purchases, reduce their balance sheet and raise interest rates to counter inflation?

The fact is it won’t matter; inflation/stagflation will continue or even accelerate as the Fed tapers. With a taper comes the threat of a flattening yield curve in Treasury bonds as well as the danger of bonds and dollars being dumped by foreign investors and central banks. If the trillions upon trillions of dollars being held overseas come flooding back into the U.S., inflation will continue at its current pace or erupt even higher. In fact, the world’s ownership of dollars reached a 26-year low recently. The global transition away from the dollar, toward inflation-resistant investments, has already begun.

This is not a policy error

I explained this Catch-22 threat in my recent article The Fed’s Catch-22 Taper Is a Weapon, Not a Policy Error. In that essay I outline the Fed’s documented history of creating economic disasters that conveniently end up benefiting their friends in the international banks.

I also explained (with evidence) how the Federal Reserve actually takes its marching orders from the Bank for International Settlements, a globalist institution which along with the International Monetary Fund and World Economic Forum is openly seeking a one-world economic system and one-world currency system.

I do not believe that the Fed’s actions are a product of ignorance or stupidity or basic greed. I do not believe the Fed is scrambling to keep the U.S. economy afloat. I believe according to the evidence that the Fed knows exactly what it is doing. The pandemic offers a perfect scapegoat for an engineered crash of the U.S. economy which the Fed is trying to facilitate.

Why? Because the more desperate people are financially, the easier they are to buy off with false promises and a loaf of bread. They are easier to control. On top of that, with the U.S. economy reduced to second- or third-world status, it is easier to sell the public on the predetermined solution – total global centralization and far less freedom.

As the stagflationary crash plays out, never forget who was really the cause of the public’s suffering. In the fog of national crisis it is easy for the establishment to shift blame and responsibility and to cloud the truth. The inflation calamity is about to get much worse, and as it does we need to rally newly awakened people to take action against the central bankers and globalists behind it.

With global tensions spiking, thousands of Americans are moving their IRA or 401(k) into an IRA backed by physical gold. Now, thanks to a little-known IRS Tax Law, you can too. Learn how with a free info kit on gold from Birch Gold Group. It reveals how physical precious metals can protect your savings, and how to open a Gold IRA. Click here to get your free Info Kit on Gold.

This article was written by Brandon Smith and originally published at Birch Gold Group

New Year, New Hope for Gold and Silver Investors

By Clint Siegner

Silver and gold prices way underperformed investor expectations in 2021. Perhaps most frustrating of all, the fundamentals were there, driving unprecedented retail demand for physical bullion.

Inflation fears crept into markets. The Fed maintained ultra-accommodative monetary policy including zero interest rates and massive debt monetization. 2021 was also a nasty year for confidence in major institutions.

Nervous buyers switched paper assets into physical metal at a record pace.

Seasoned metals investors know great fundamentals don’t necessarily mean rising prices. Price discovery in the paper markets is broken. In the short run, it can be totally disconnected from the factors driving supply and demand for physical.

One of the big questions for 2022 is whether we will see better price performance.

In the longer run, fundamentals do matter. That is why gold and silver prices are multiples of what they were twenty years ago. This year the case for owning physical gold and silver promises to get even stronger in the months just ahead.

Price inflation will continue to rage. Higher wages, supply chain troubles, and labor shortages are not going to disappear any time soon. Deliberate government and central bank actions are responsible for the turmoil.

Americans can expect more economic interventions, restrictions, mandates, and artificial stimulus. Officials in Washington DC show little interest in changing their approach.

The moment of reckoning cannot be far off for the Fed. The central bank is caught between spiraling price inflation and markets hopelessly addicted to never ending stimulus.

Fed bankers are trying to maintain the illusion they can quickly step in and control the erosion in the Federal Reserve Note’s purchasing power without putting the US economy into the ditch. They are telegraphing rate hikes starting by midyear.

The central planners at the Fed can’t make a compelling case as to why markets will tolerate higher rates this time. They would like people to forget they have tried, and failed, before. The last attempt ended almost before it began when the stock market puked all over rate hikes in the fall of 2018.

A collapse in confidence in the Federal Reserve Note is not likely in 2022. But that event will draw nearer when Fed bankers once again demonstrate there is no way out of the stimulus trap.

Monetary and political turmoil will drive more Americans to acquire gold and silver.

Futures traders employed by large banks will continue to release massive quantities of paper gold and silver contracts into the market. They will also keep taking the short side of those contracts and pushing paper prices in their favor whenever they see the opportunity.

If global demand to take delivery of physical rises, the paper price of metal will eventually follow.

A breakout is coming. It may be a question of whether it happens in the futures market or after all trust in the futures market evaporates.

Clint Siegner is a Director at Money Metals Exchange, a precious metals dealer recently named “Best in the USA” by an independent global ratings group. A graduate of Linfield College in Oregon, Siegner puts his experience in business management along with his passion for personal liberty, limited government, and honest money into the development of Money Metals’ brand and reach. This includes writing extensively on the bullion markets and their intersection with policy and world affairs.

Global Food Prices Rise Again, Hitting New Decade High

By Tyler Durden

Global food inflation continues to rise for the fourth consecutive month in November, reaching levels not seen in a decade, led mainly by robust demand for wheat and dairy products, according to a new report via the Food and Agriculture Organization of the United Nations (FAO).

FAO’s food price index, which tracks monthly changes in the international prices of food commodities, rose 1.2% to 134.4 in November from October, driven by continued demand for food. The index is up 27.3% YoY.

Food prices remain at a decade high and have risen sharply since the beginning of the pandemic, driven by snarled supply chains, harvest setbacks, soaring farm costs, and high demand.

Last month, increases in grains, dairy, and sugar were the primary driver in FAO’s food price index. Laggards were meat and vegetable oil.

The FAO’s cereal price index averaged 141.5 points in November, up 3.1% from October and 23.2% from the same month last year. Wheat prices are at their highest level since May 2011 due to adverse weather conditions in Australia and potential changes to export rules in Russia.

The dairy price index rose 4.1% to 125.5 points in November. Compared to last year, the index is up 19.1%. “Strong global import demand persisted for butter and milk powders as buyers sought to secure spot supplies in anticipating of tightening markets,” FAO said.

Sugar prices averaged 120.7 points in November, up 1.4% from October, reversing most of the previous month’s decline. Compared to last year, prices are up a stunning 40%.

Vegetable oil and meat prices were slightly down in November but were both up substantially over the year.

The question central banks, governments, commodity traders, and households have on their minds is when do food prices reverse. To answer that question, Judy Ganes, the president of J. Ganes Consulting, recently told Bloomberg that rising food prices should continue into the second half of 2022.

“We’re not seeing a turning point just yet, we’ll probably see it, my guess is the middle of next year. There’s a point where high prices are the best cure for high prices, there’s a point where its going to have to resolve itself,” Ganes said. 

She pointed out rising prices were due to a combination of factors, such as caps on migration, red hot labor market, labor shortages, adverse weather conditions, snarled supply, higher fertilizer prices, and soaring transportation costs.

Ganes said the end to several major droughts and increased rainfall in major producing regions means global food production in 2023-24 will be “much improved.”

With at least another year or more of food inflation, Cargill CEO David MacLennan recently changed his mind about “transitory” inflation and now believes it will be more persistent with higher food prices in 2022. He blamed elevated food prices on snarled supply chains, labor shortages, and adverse weather conditions, among other things.

Federal Reserve Chair Jerome Powell had to retire the word “transitory” regarding the inflationary environment in an embarrassing move this week. Soaring food prices are unlikely to reverse in early 2022 and are crushing emerging market consumers and the working poor in developed countries.

Almost one year ago, SocGen’s Albert Edwards pointed out rising food prices would lead to discontent and social instabilities in the weakest countries.

Source: ZeroHedge

Former Deutsche Bank Traders Convicted Of Fraud For Spoofing Precious Metals Between 2008 And 2013

Tyler Durden
SEPTEMBER 28, 2020

Former Deutsche Bank AG traders Cedric Chanu and James Vorley were convicted for manipulating gold and silver prices on Friday after three days of deliberation by a Federal jury in Chicago.

The two were accused of making fake trade orders between 2008 and 2013 to influence the prices of precious metals. Their trial was a week long and was the first of its kind since 2010, according to Bloomberg.

The convictions come as the result of a crackdown on “spoofing”, placing orders with no intention of executing them, in order to move the price of the underlying product. Spoofing works by fooling the market into thinking there are more bids or offers than are legitimately there. It has been illegal since 2010’s Dodd-Frank act.

Chanu and Vorley were said to have “weaponized” this tactic to mislead other traders, according to prosecutor Brian Young. The traders knew what they were doing, the prosecution argued, with Vorley even writing in a message to Chanu at one point: “This spoofing is annoying me. It’s illegal for a start.”

A co-worker at Deutsche Bank acted as witness during the trial and told the jury that Chanu and Vorley taught him how to manipulate prices by spoofing. The defendants didn’t call any witnesses but instead raised the issue of how difficult it was to try and prove criminal intent for “spoofing” in competitive global markets.

“If you fake a pass and run the ball, that’s competition, not fraud,” Vorley’s lawyer said.

Chanu was convicted on seven counts of fraud and Vorley was convicted of three counts. They were found not guilty on charges of conspiracy. The government has said they are going to seek about four or five years of jail for each person. Vorley said he will appeal and that he was trading “well within the law”.

Vorley’s lawyer said: “It was a compromise verdict by a jury that three times declared it was deadlocked, deliberating in the face of a Covid scare. The record is clear there was no fraud. The compromise conviction will not stand.”

Source: Zerohedge

In Unprecedented Monetary Overhaul, The Fed May be Preparing To Deposit “Digital Dollars” Directly To “Each American”

Tyler Durden
Thu, 09/24/2020

Over the past decade, the one common theme despite the political upheaval and growing social and geopolitical instability, was that the market would keep marching higher and the Fed would continue injecting liquidity into the system. The second common theme is that despite sparking unprecedented asset price inflation, prices as measured across the broader economy – using the flawed CPI metric and certainly stagnant worker wages – would remain subdued (as a reminder, the Fed is desperate to ignite broad inflation as that is the only way the countless trillions of excess debt can be eliminated and has so far failed to do so).

The Fed’s failure to reach its inflation target – which prompted the US central bank to radically overhaul its monetary dogma last month and unveil Flexible Average Inflation Targeting (or FAIT) whereby the Fed will allow inflation to run hot without hiking rates – has sparked broad criticism from the economic establishment, even though as we showed in Junedeflation is now a direct function of the Fed’s unconventional monetary policies as the lower yields slide, the lower the propensity to spend. In other words, the harder the Fed fights to stimulate inflation, the more deflation and more saving it spurs as a result (incidentally this is not the first time this “discovery” was made, in December we wrote “One Bank Makes A Stunning Discovery – The Fed’s Rate Cuts Are Now Deflationary“).

In short, ever since the Fed launched QE and NIRP, it has been making the situation it has been trying to “fix” even worse while blowing the biggest asset price bubble in history.

And having recently accepted that its preferred stimulus pathway has failed to boost the broader economy, the blame has fallen on how monetary policy is intermediated, specifically the way the Fed creates excess reserves which end up at commercial banks instead of “tricking down” all the way to the consumer level.

To be sure, in the aftermath of the covid pandemic shutdowns the Fed has tried to short-circuit this process, and in conjunction with the Treasury it has launched “helicopter money” which has resulted in a direct transfer of funds to US corporations via PPP loans, as well as to end consumers via the emergency $600 weekly unemployment benefits which however are set to expire unless renewed by Congress as explained last week, as Democrats and Republicans feud over which fiscal stimulus will be implemented next.

And yet, the lament is that even as the economy was desperately in need of a massive liquidity tsunami, the funds created by the Fed and Treasury (now that the US operates under a quasi-MMT regime) did not make their way to those who need them the most: end consumers.

Which is why we read with great interest a Bloomberg interview with two former Fed officials: Simon Potter, who led the Federal Reserve Bank of New York’s markets group i.e., he was the head of the Fed’s Plunge Protection Team for years, and Julia Coronado, who spent eight years as an economist for the Fed’s Board of Governors, who are among the innovators brainstorming solutions to what has emerged as the most crucial and difficult problem facing the Fed: get money swiftly to people who need it most in a crisis.

The response was striking: the two propose creating a monetary tool that they call recession insurance bonds, which draw on some of the advances in digital payments, which will be wired instantly to Americans.

As Coronado explained the details, Congress would grant the Federal Reserve an additional tool for providing support—say, a percent of GDP [in a lump sum that would be divided equally and distributed] to households in a recession. Recession insurance bonds would be zero-coupon securities, a contingent asset of households that would basically lie in wait. The trigger could be reaching the zero lower bound on interest rates or, as economist Claudia Sahm has proposed, a 0.5 percentage point increase in the unemployment rate. The Fed would then activate the securities and deposit the funds digitally in households’ apps.

As Potter added, “it took Congress too long to get money to people, and it’s too clunky. We need a separate infrastructure. The Fed could buy the bonds quickly without going to the private market. On March 15 they could have said interest rates are now at zero, we’re activating X amount of the bonds, and we’ll be tracking the unemployment rate—if it increases above this level, we’ll buy more. The bonds will be on the asset side of the Fed’s balance sheet; the digital dollars in people’s accounts will be on the liability side.”

Essentially, the Fed is proposing creating a hybrid digital legal tender unlike reserves which are stuck within the financial system, and which it can deposit directly into US consumer accounts. In short, as we summarized “The Fed Is Planning To Send Money Directly To Americans In The Next Crisis, something we reminded readers of on Monday:

So this morning, as if to confirm our speculation of what comes next, Cleveland Fed president Loretta Mester delivered a speech to the Chicago Payment Symposium titled “Payments and the Pandemic“, in which after going through the big picture boilerplate, Mester goes straight to the matter at hand.

In the section titled “Central Bank Digital Currencies”, the Cleveland Fed president writes that “the experience with pandemic emergency payments has brought forward an idea that was already gaining increased attention at central banks around the world, that is, central bank digital currency (CBDC).”

And in the shocking punchline, then goes on to reveal that “legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments.

But wait it gets better, because in launching digital cash, the Fed would then be able to scrap “anonymous” physical currency entirely, and track every single banknote from its “creation” all though the various transactions that take place during its lifetime. And, eventually, the Fed could remotely “destroy” said digital currency when it so decides. Oh, and in the process the Fed would effectively disintermediate commercial banks, as it would both provide loans to US consumers and directly deposit funds into their accounts, effectively making the entire traditional banking system obsolete. Here are the details:

Other proposals would create a new payments instrument, digital cash, which would be just like the physical currency issued by central banks today, but in a digital form and, potentially, without the anonymity of physical currency. Depending on how these currencies are designed, central banks could support them without the need for commercial bank involvement via direct issuance into the end-users’ digital wallets combined with central-bank-facilitated transfer and redemption services. The demand for and use of such instruments need further consideration in order to evaluate whether such a central bank digital currency would allow for quicker and more ubiquitous payments in times of emergency and more generally. In addition, a range of potential risks and policy issues surrounding central bank digital currency need to be better understood, and the costs and benefits evaluated.

The Federal Reserve has been researching issues raised by central bank digital currency for some time. The Board of Governors has a technology lab that has been building and testing a range of distributed ledger platforms to understand their potential benefits and tradeoffs. Staff members from several Reserve Banks, including Cleveland Fed software developers, are contributing to this effort. The Federal Reserve Bank of Boston is also engaged in a multiyear effort, working with the Massachusetts Institute of Technology, to experiment with technologies that could be used for a central bank digital currency. The Federal Reserve Bank of New York has established an innovation center, in partnership with the Bank for International Settlements, to identify and develop in-depth insights into critical trends and financial technology of relevance to central banks. Experimentation like this is an important ingredient in assessing the benefits and costs of a central bank digital currency, but does not signal any decision by the Federal Reserve to adopt such a currency. Issues raised by central bank digital currency related to financial stability, market structure, security, privacy, and monetary policy all need to be better understood.

To summarize, the wheels are already turning on a plan that sees the Fed depositing “digital dollars” to “each American”, a stunning development that essentially sees the Fed bypass Congress, endowing the Central Bank with targeted “fiscal stimulus” capabilities, and which could lead to a dramatic reflationary spike as it is the lower income quartile segments of US society that are the marginal price setters for economic goods and services. And having already implemented Average Inflation Targeting, the resulting burst of inflation would be viewed by the Fed as insufficient on its own (as it would have to persist for a long time over the “average” period whatever it may end up being), to tighten monetary policy. In fact, even as inflation rages – which some alternative inflationary measures to CPI suggest it already is – the Fed will have a semantic loophole in explaining just why it needs to keep inflation scorching hot even as the standard of living in America collapses to the benefit of a handful of asset holders.

Why? The CBO showed the answer yesterday:

Absent a massive burst of inflation in the coming years which inflates away the hundreds of trillions in federal debt, the unprecedented debt tsunami that is coming would mean the end to the American way of life as we know it. And to do that, the Fed is now finalizing the last steps of a process that revolutionizes the entire fiat monetary system, launching digital dollars which effectively remove commercial banks as financial intermediaries, as they will allow the Fed itself to make direct deposits into Americans’ “digital wallets”, in the process also making Congress and the entire Legislative branch redundant, as a handful of technocrats quietly take over the United States.



SOURCE: https://www.zerohedge.com/markets/loretta-mester-hints-fed-preparing-deposit-digital-dollars-directly-each-american

Soros Reveals How He’s Invested Amid “Fed Liquidity Bubble”; Says Trump “Very Dangerous”

Staff Writer,
August 13th, 2020

Billionaire financier and political puppeteer George Soros says he’s no longer invested in financial markets – admitting to Italy’s La Repubblica that we’re caught in a bubble fueled by Fed liquidity, and that ever since he shared his methodology in his book, “Alchemy of Finance,” he no longer has an advantage.

Soros explained that “two simple propositions” drove his investment strategy, according to MarketWatch.

“One is that in situations that have thinking participants the participants’ view of the world is always incomplete and distorted. That is fallibility,” he said, adding “The other is that these distorted views can influence the situation to which they relate and distorted views lead to inappropriate actions. That is reflexivity.”

He went on to say the market, which he no longer participates in, is sustained by the expectation of more fiscal stimulus along with hopes Trump will announce a vaccine before November. –MarketWatch

“We are in a crisis, the worst crisis in my lifetime since the Second World War. I would describe it as a revolutionary moment when the range of possibilities is much greater than in normal times. What is inconceivable in normal times becomes not only possible but actually happens. People are disoriented and scared. They do things that are bad for them and for the world,” he told the outlet.

Turning his attention to politics and the pandemic, Soros – who’s contributed $52 million towards political spending during the 2020 election cycle, said that the United States is better positioned to weather COVID-19, but President Trump “remains very dangerous” because “he’s fighting for his life and he will do anything to stay in power.

“Even in the United States, a confidence trickster like Trump can be elected president and undermine democracy from within,” he said, adding “But in the U.S. you have a great tradition of checks and balances and established rules. And above all you have the Constitution. So I am confident that Trump will turn out to be a transitory phenomenon, hopefully ending in November.”

In May, Soros claimed that Trump would be a “dictator” without the US Constitution in place, according to Breitbart‘s Josh Caplan. “But he cannot be one because there is a constitution in the United States that people still respect. And it will prevent him from doing certain things. That does not mean that he will not try, because he is literally fighting for his life,” Soros told the Independent.

“I will also say that I have put my faith in Trump to destroy himself, and he has exceeded my wildest expectations.”

UNW Weekly Report (Dec 28 – Jan 11): Funny Money, Gun Hysteria, Slick Ricky

Ryan DeLarme
January 11th, 2020

There is a lot of hope for 2020 despite how the establishment media is trying to paint it, and though it’s certainly not going to be roses all the time, it could turn out to be the year of worldwide debt liberation via a financial reset or bankruptcy of the Corporation we call America (at this point I’d be glad to see either) and a potential quantum leap in the quality of life for the entire planet in the form of what has been called “Full Disclosure”. The key will be to force an implosion of the central banking system of debt slavery that all these corporations, intelligence agencies, and criminal politicians are subservient to.

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The truth is that the real economy is continuing to plunge despite the “record-high stock market” and corporate media cheerleading. The latest indicator is the Baltic Dry Index, which is plunging to lows not seen since the Lehman crisis. The BDI cannot be manipulated with fiat funny money like other indexes can, because it is the price of shipping physically existing goods. Read more HERE

The media hysteria over Iran has distracted people from the economic crisis, but it is upon us nonetheless. Here are a few recent signs:

The Baltic Dry Index has plunged 64% in the past three months as the world stops trading with the U.S.

https://www.bloomberg.com/quote/BDIY:IND

U.S. used truck prices fell 50% year on year in December, while rail freight dropped 11.5%.

https://www.zerohedge.com/economics/used-truck-prices-collapse-much-50-ugly-outlook-continue

https://www.zerohedge.com/commodities/rail-traffic-continues-plunge-amid-industrial-recession

U.S. factory output has fallen to its lowest level since 2009 immediately after Lehman.

This is coming from ex-FORBES journalist Benjamin Fulford:

“Another indication the U.S. Corporation is desperate for funds is the fact that NASA (Not A Space Agency) is seeking survival money from Japan.

https://mainichi.jp/english/articles/20200101/p2a/00m/0na/006000c

The U.S. Corporation was able to fool China and get funding to keep its operations going after the Lehman crisis by promising a black communist president—Barack Obama.

This time may be different, because so far only the Federal Reserve Board is buying U.S. stocks and U.S. Treasuries.

However, FRB funny money is not acceptable for the U.S. Corporation’s international payments that are due January 31st.

The fact is that U.S. debt is soaring, while population bombs and denying reality with funny money are not going to solve the problem.

What the American people need to understand is that the world is trying to free them from the U.S. Corporation’s Babylonian debt slavery and restore the Republic of the United States of America.  This will lead to a huge jump in U.S. living standards, similar to the near doubling of Russian living standards that was seen after Vladimir Putin kicked the Khazarian mafia out of his country.”

The globalist financial system is running on fumes, and the age of financialization appears to be over. Financialization is the exploitation of assets/income that were previously safe from predation by those with access to low-cost central bank credit. Definitions vary, but as far as I can tell:

Financialization is the mass commoditization of debt collaterized by previously unsecuritized assets, a pyramiding of risk and speculation that is only possible in a massive expansion of low-cost credit and leverage for those at the top of the wealth-power pyramid: financiers, banks and corporations.

One example is the student loan “industry,” which prior to financialization did not exist. A previously safe from predation asset/source of income–college degrees–has been securitized so that loans issued to students for largely worthless diplomas can be sold globally as “secure assets with guaranteed yields.”

That the exploited class of students have little to no income and no guarantee of income doesn’t matter. What matters is a previously unexploited asset can be turned into debt that can be sold at an immense profit. And so student loan debt has skyrocketed from near-zero to $1.6 trillion in less than a generation. This ruthless exploitation would not have been possible without the central bank (Federal Reserve) and federal government enabling and enforcing the supremacy of private capital and the predation of the higher-education cartel.


The mainstream media’s fear mongering reached new heights after the assassination of General Qasem Soleimani, painting a picture of how devastated Iranians were and causing a bunch of individuals from Hollywood to DC to feign outrage while actual Iranian freedom fighters celebrated. I don’t wish to elaborate on this topic for two reasons, it’s already been thoroughly drug through the propaganda wringer and despite our self importance We Americans know very little truth about what goes on in the middle east. Fake outrage stoked by celebrities is the new black, and it really works when convenient. Now consider, where were these fairweather friends when Obama and Hillary murdered Gudafi and scorched Libya? Where were they when Obama was drone bombing Afgani schools? Exactly. (NOTE: this isn’t a right vs left thing, the Neocons obviously would love a war in the Middle East.)

A final note on the Soleimani fiasco, it is no secret that the CIA and other organizations arm, train, and fund certain groups so they can create Proxy Wars for all kinds of reasons, including but not limited to the massive amounts of money generated by warfare, and Soleimani was the next best “Deep State” boogeyman for the WWIII they so desperately want.  


Ricky Gervais said some things at some award ceremony.

https://www.foxnews.com/entertainment/golden-globes-2020-ricky-gervais


Gun grabber hysteria surged again momentarily friday morning as the hashtag #ACTIVESHOOTER began trending on Twitter. A quick glimpse at the tweets containing the tag show the same couple statements rehashed in so many different ways by bots and individuals keeping up their internet persona’s and going on about how “traumatized” they are among other half-hearted sentiments to rake in their cherished social media points.

The incident in question took place near McDill Air-force Base and turned out to be a complete dud, but this didn’t stop thousands of profiles from regurgitating the same exact statement well after the lock-down was lifted. Something these folks calling for gun control fail to realize is that statistically, most mass shootings didn’t start occurring until the call for gun control started in earnest, which is highly suspicious. As the great Dave Chappelle recently said after receiving the Mark Twain Prize “The First Amendment is first for a reason, the second one is there just in case the first one doesn’t work out.” I am not a fan of violence but my stance is that if anyone has a gun (IE: Police, Military, etc) then everyone should be allowed to have guns, and since I can’t see how we would possibly remove all firearms from the planet it would seem we are at an impasse. A final note is that historically, disarming the public has never turned out very well for the public.


The Impeachment Drama continues to float in Limbo despite all the posturing over “urgency” and how Trump is such a “Threat to National Security”. Speaker Pelosi claims she is withholding the articles of Impeachment until she can be sure of a “fair trial” in the senate which is humorous and hypocritical. What she means here is that she is withholding until enough skulls have been bribed or coerced into playing ball with her masters agendas.