Category Archives: Economy

The Disease Or Cure? Take Your Pick! by Dennis Miller

Most of the economic problems the U.S. faces can be traced back to the Federal Reserve. From Dennis Miller at theburningplatform.com:

Since I began my cancer treatment in 2019, my outside travel has been curtailed. Doctors, restaurants, and an occasional trip to visit family have been about it.

The good news is now I have more energy and feel like getting out and doing fun stuff. I recently made a trip to our local Factory Outlet Mall. I used to enjoy window shopping and eating in the food court. I was shocked, and unhappy with what I found.

The mall used to be full of cool stores, bustling with traffic. The photo is disheartening. I’d guess 40% of the stores are vacant. Stores closing, people losing jobs, landlords hurting, mortgage and bonds defaults are happening for the wrong reasons. It’s upsetting, but I realize there is not a damn thing we can do about it. We are on our own….

The Disease

Former congressman Ron Paul believes the cause of our economic problems is central banking:

“It is amazing that more individuals do not question the idea that inflation, recessions, unemployment, and booms and busts are necessary features of a sound monetary system. Even many otherwise staunch defenders of free markets maintain a child-like faith in central banking. …. These conservatives do not understand that the problem is the existence of a central bank with the power to manipulate the currency.”

Irresponsible politicians, coupled with central banking, is a cauldron for the economic problems we face today.

Academics believe in Keynesian economics. Keynes believed government spending should help thwart a bad economy and get it turned around. He also felt during good times, government revenue should exceed expenses and the surplus should be used to pay down debt.

Continue reading→

Doug Casey on the End of Western Civilization

And with what do you replace Western Civilization? From Doug Casey at internationalman.com:

End of Western Civilization

International Man: The decline of Western Civilization is on a lot of people’s minds.

Let’s talk about this trend.

Doug Casey: Western Civilization has its origins in ancient Greece. It’s unique among the world’s civilizations in putting the individual—as opposed to the collective—in a central position. It enshrined logic and rational thought—as opposed to mysticism and superstition—as the way to deal with the world. It’s because of this that we have science, technology, great literature and art, capitalism, personal freedom, the concept of progress, and much, much more. In fact, almost everything worth having in the material world is due to Western Civilization.

Ayn Rand once said “East minus West equals zero.” I think she went a bit too far, as a rhetorical device, but she was essentially right. When you look at what the world’s other civilizations have brought to the party, at least over the last 2,500 years, it’s trivial.

I lived in the Orient for years. There are many things I love about it—martial arts, yoga, and the cuisine among them. But all the progress they’ve made is due to adopting the fruits of the West.

International Man: There are so many things degrading Western Civilization. Where do we begin?

Continue reading→

The Spoils of War, by Eamon McKinney

Europe’s elite kowtow to the U.S., but deprivation from the U.S.’s proxy war with Russia is pushing a lot of ordinary Europeans past the breaking point. From Eamon McKinney at strategic-culture.org:

In light of recent revelations the assumption that wartime plunder is only visited on “enemies” needs to be re-evaluated, Eamon McKinney writes.

“The spoils of war” normally refers to the plunder extracted from enemies during and after a conflict. However, in light of recent revelations the assumption that wartime plunder is only visited on “enemies” needs to be re-evaluated. While the Empire’s supposed “ally” Ukraine has already been lined up to be dismantled and pillaged by the Western financial powers post war, it seems as if the resources of the Ukraine will not be sufficient to satisfy the American Empire’s insatiable greed. A recently leaked document from American think tank, The Rand Corporation outlines clearly the next stage in the planned destruction of Europe, where friend and foe alike are fair game for the Cabal’s limitless avarice.

The Rand Corp was established in 1946, it is one of many such think tanks the U.S. establishment outsources its thinking to. Made famous by the “Pentagon papers” leak during the Vietnam war, its role in the planning, operation and continuance of that genocidal conflict left few in any doubt whose interests it serves. Funded primarily by the Pentagon, the U.S. Army and the Air Force, it claims that it is non-partisan, meaning that regardless of the incumbent political party, it serves the permanent government, the deep state.

Continue reading

The Bear-Market Rally in Stocks, Bonds, Mortgages Wiped Out: Why This Nails the Parallel to the Dotcom Bust, by Wolf Richter

This is a debt contraction, and when debt contracts, assets prices go down. From Wolf Richter at wolfstreet.com:

But this time, there’s over 8% inflation.

The Dow Jones Industrial Average on Friday closed about 300 points below its June 16 low, thereby having more than wiped out the bear-market rally gains. For the Dow, the bear-market rally started on June 17 and ended on August 16. During the two-month rally, the Dow had jumped 14%. By Friday at the close, it was again down 20% from its all-time high.

The S&P 500 Index, on Friday intraday, fell through its closing low of June 16 – the infamous 3,666 – and then bounced a little to close 27 points above the June 16 low, at 3,693. During the two-month bear-market rally through August 16, the index had surged 17%. By Friday, the index was down 23% from its all-time high.

The Nasdaq closed about 2% above its June low. During the two-month rally, it had soared by 23%. Many of my Imploded Stocks that are now trading for a few bucks, had shot up by 50% or more, and a bunch of them doubled, before re-imploding after mid-August.

Continue reading→

This Is the Way the World Ends, by James Howard Kunstler

Stocks are diving and more importantly, interest rates are climbing. Together, the portend an economic crisis. From James Howard Kunstler at kunstler.com:

That “singularity” so many blab about is not what they think it is: the merging of human intelligence with Bill Gates’s Office products, leading to an orgasmic nirvana of infinite memoranda from your HR department concerning new diversity, inclusion, and equity policy. Rather, I speak of the magic moment when the necromancers of finance discover that the proverbial can they’ve been kicking is filled with Schrödinger’s cat food… and the road they’ve been kicking it down actually comes to a dead end up their own highly-credentialed wazoos. Economics will never be the same hereafter.

The bond market has gone south, and that spells The End for the great game of financialization. The bond market is Moby Dick compared to the little blowfish that is the stock market. The global money system is based on bonds, which are… what? That’s right: loans… promises to pay you X at some future moment. So, what happens when a daisy-chain of promises-to-pay gets broken? Or, perhaps more precisely, when all those promises lose their last shred of plausible reality? Why, the money that these broken promises are denominated in loses its essential cred. Trick question: how much is worthless money worth? (Answer: not enough to pay for a can of Schrödinger’s cat food.)

Continue reading→

WARNING: If You’ve Had A COVID Vaccine/Booster, What This Article Presents May Cause You Stress And Anxiety, by Dr. Joel S. Hirschhorn

Where the anxiety comes from: vaccines don’t prevent Covid, they weaken your immune system, they make you more susceptible to Covid, and they have dangerous and deadly side effects. From Dr. Joel S. Hirschhorn at thebluestateconservative.com:

Two key recent medical research articles, one from Italy and one from Germany, are used to document what may be the most important research finding during the entire COVID pandemic period.

Blood damage that has been detailed through sophisticated research methods is the “missing link” to explain many negative health conditions ranging from heart problems, cancers, reduced immunity, and death. Blood damage is the key biologic explanation for harmful vaccine impacts. Note that I am using the word “vaccine” but fully recognize that COVID vaccines/boosters are not real vaccines, but a form of genetic treatment that, unlike real vaccines, do not actually and truly prevent or cure COVID.

As to deaths, data from Europe, New Zealand, Australia, and Canada on total excess mortality countrywide in 2022 that are greater than in 2020 and 2021 are best explained by widespread COVID vaccine use in 2022 and not COVID infection deaths.

Please understand that ordinary blood testing you may get from your physician’s laboratory orders is not the same as the research techniques used to document vaccine-induced blood damage. Do not let cognitive dissonance stand in the way of your acceptance of these frightening research results.

Continue reading→

As Democracy Dies in the EU, Von der Leyen Reveals its Sins, by Tom Luongo

The nothing democratic or even autocratic about the EU; it’s essentially a dictatorship. From Tom Luongo at tomluongo.me:

It’s no secret at this point that the EU is an anti-democratic organization. The leadership isn’t elected, but selected from a pre-determined pool of candidates from within the Party structure.

Everyone with the power to make a decision was placed there not by popular vote but by backroom collusion.

As we approach this weekend’s Italian elections there is real despair in the air that there is any light out of this dark time. That no matter what decisions we try to make, they are only in service of those that seek total dominion.

And yet all you hear from these Eurocrats is that we are in a “war of Democracy versus Autocracy,” as EU Commission President Ursula Von der Leyen put it in her hellish EU state of the union address to the European Parliament recently.

Cloaking herself in the inverse of the EU flag’s colors to show solidarity with another anti-democratic regime, Ukraine, Von der Leyen and her merry tribe of vandals in Brussels cast themselves as the protectors of the sacred right of a ‘democracy’ they deny to anyone who disagrees with her.

The same can be said for nearly every major government in Europe. Every time an ‘election’ rolls around the local system is gamed to ensure a particular outcome. The political establishment always coalesces around maintaining the status quo, freezing out any possibility of an ‘unworkable’ or ‘representative’ coalition.

Continue reading→

“Joe Biden’s” Last Stand, by James Howard Kunstler

“The shit has already hit the fan.” From James Howard Kunstler at kunstler.com:

Historians of the future, grilling spatchcocked plovers over their campfires, will need not ponder for even a New York minute who started World War Three in the rockin’ 2020s. They will point straight to the waxy, furtive, larval figure known as “Joe Biden,” by then judged a moral weevil of such epic low degree that he became an embarrassment to all the other sewer-dwelling denizens of the dank DC underworld, including the roaches, the rats, the humble shipworms eating through sunk oaken foundations of buildings long forgotten, the writhing maggots rinsed from a thousand restaurant dumpsters, the slithering hellgrammites, millipedes, silverfish, pillbugs, termites, dung-beetles, woodlice, and, not least, the scaly lawyers spawned out of the infestation beneath K Street called Perkins Coie LLP. Even these would loathe and disdain the thing that came into this world as “Joe Biden.”

Let us agree that the place called Ukraine was never any of America’s business. For centuries we ignored it, through all the colorful cavalry charges to-and-fro of Turks and Tatars, the reign of the dashing Zaporozhian Cossacks, the cruel abuses of Stalin, then Hitler, and the dull, gray Khrushchev-to-Yeltsin years. But then, having destroyed Iraq, Afghanistan, Libya, Somalia and sundry other places all on a great hegemonic lark, the professional warmongers of our land and their catamites in Washington made Ukraine their next special project. They engineered the 2014 coup in Kiev that ousted the elected president, Mr. Yanyukovich, to set up a giant grifting parlor and international money-laundromat. The other strategic aim was to prepare Ukraine for NATO membership, which would have made it, in effect, a forward missile base right up against Russia’s border. Because, well, Russia, Russia, Russia!

Continue reading→

A Failed Globalist Experiment, by Eamon McKinney

Europeans are vigorously protesting not against Vladimir Putin but against their own WEF errand boy and girl rulers. With winter coming and energy in short supply, those protests will get even more intense, perhaps violent. From Eamon McKinney at strategic-culture.org:

With rapidly rising costs of living and the prospect of a winter without heat, anger against national governments is rapidly reaching breaking point.

European unity was always a questionable concept between a collection of diverse countries who have historically distrusted and disliked each other. The strength of that always questionable unity is now being tested as the EU is facing its greatest challenge. The initial enthusiasm among EU leaders for the conflict with Russia has waned considerably in recent months as the reality of its ludicrous and self-destructive war on Russia continues to backfire spectacularly on them.

With the long hot European summer now behind them the citizens of Europe are rising up in protest against their governments in huge numbers. While national leaders continue to lecture their people on the necessary sacrifices they must make to support Ukraine, fewer and fewer agree with them. With rapidly rising costs of living and the prospect of a winter without heat, anger against national governments is rapidly reaching breaking point. Germany, France, The Czech Republic, Austria and Italy have witnessed immense angry demonstrations that are seriously panicking their governments. To the extent that many are now trying to backtrack and seek solutions outside of EU directives, Hungary and Serbia have refused to tow the party line and have secured their energy interests with Russia. While the EU has demanded an energy sharing scheme among its member states, only energy-starved Germany seems keen.

Continue reading

NATO´s “green” masochistic EUthanasia, by Jorge Vilches

Between “green” and Ukraine, the EU is destroying itself. From Jorge Vilches at thesaker.is:

The German political class has torn up the social contract agreed with its constituents by swiftly ignoring the historical and most successful existential partnership established with Russia since decades ago. In parallel, Anglo-inspired unelected EU bureaucrats take turns to blindly attack Russia with suicidal Wagnerian style based on hollow virtue-signalling nonsense. Now, the German Vice-Chancellor and Minister for Economic Affairs Robert Habeck (a former mediocre poetry translator…) finally and “bitterly” has admitted that Germany — and thus all of Europe — relies on ´cheap energy from Russia´ or else it´d trigger ”the collapse of energy providers” with a dire ´Lehman moment´. This would crash the German and European economies with widespread bankruptcies unleashed by margin calls as later explained. Thus the “green” solution now found for this Made-In-Europe mess is a deeper and longer proxy Ukraine war, über-high price inflation, $ 500 billion in subsidies for starters with more coming, new ad hoc high taxes and un-applicable price caps in a supply-driven market … with scarcity all around and “no matter what voters may think or how hard their life may get” (sic). So, European businesses will fail per the terrible damage induced all along upstream supply lines including food and fuels. As brilliantly worded by Rachel Mardsen…“The West cut itself off from its sourcing in order to play geopolitics”… and then blame Russia and supposed “extremist enemies of the state”. So, if recent declarations from German Foreign Minister Annalena (“Kobold”) Baerbock are of any guide, we shall soon witness street crowds blossoming in Europe. Ref #1 http://www.rt.com/news/561934-baerbock-ukraine-voters-sanctions/ Ref #2 http://www.rt.com/russia/560649-putin-west-officials-extremism/ Ref #3 https://csmtimes.com/germanys-business-model-is-broken-vice-chancellor

Continue reading→