Economics

12 Jul 2020

In a recent article I briefly examined a number of advances that global planners made prior to the World Economic Forum’s announcement in June of a new initiative dubbed ‘The Great Reset‘. Taken together, the United Nation’s Agenda 2030, the Paris Climate Agreement, the Fourth Industrial Revolution and the Bank for International Settlement’s ‘Innovation BIS 2025‘ offer an insight into how elites want to turn the lives of every man, woman and child inside out over the course of the next…

29 Apr 2020

The destiny of the world is now in the hands of 6 central banks, Fed, ECB, BoE (England), PBOC (China), BoJ (Japan), SNB (Swiss). This in itself bodes extremely badly for the global financial system. This is like putting the villains in charge of the judicial system. For decades these central banks have totally abused their power and taken control of the world monetary system for the benefit of their banker friends and in some cases their private shareholders.

27 Mar 2020

The Bank of Canada has made a second unscheduled cut to its benchmark interest rate, lowering it to 0.25 per cent amid the COVID-19 crisis.

The central bank made the announcement in a news release on Friday morning.

The overnight lending rate is what the bank charges for short-term loans between retail banks, but it impacts the rates that Canadian consumers get from their banks on things like savings accounts and variable rate loans.

24 Mar 2020

I’ve been writing about our ongoing crisis for over ten years, so it’s not really a shock to me the shit has finally hit the fan. I certainly didn’t expect a global pandemic to be the catalyst for part two of this Fourth Turning. But, I’m sure most people didn’t see Hitler’s invasion of Poland leading to a world war resulting in 65 million deaths when they were just living their lives in early 1939.

22 Mar 2020

The Jackpot is what Chris Martenson and Adam Taggart have been converging on for years, before anybody ever heard of COVID-19. They said that the current conventional assumption, that the next 20 years would be a somewhat straight-forward linear extrapolation of the previous 20, was wrong. They didn’t know what the catalyst would be, nor did any like-minded commentators such as Charles Hugh Smith,  James Kunstler, John Michael Greer,  or even myself, when I intuited in Unicorn Winter that “Ground Hog Day was…

09 Mar 2020

Turn on the news and chances are the story concerns the special class. History books are mostly chronicles of the special class—their wars, machinations, depredations, follies, all-too-rare wisdom, monuments to themselves, and the invasions and revolutions that occasionally upend them. It goes far beyond propaganda or brainwashing, it is simply an ingrained fixation, accepted by virtually everyone, that attention must always be on the special class and its…

28 Feb 2019

We have often heard the predictions that the currency system will be reset at some point when the bankers can no longer keep the current ponzi scheme going. The current scheme involves the ability of the bankers to convince the population that pieces of paper rolling off a machine or digits created on a computer screen are real wealth. The education system has been successful in that regard.

31 Jan 2019

Notice here how the author does not explore at all the reason(s) why this great wealth gap exists but rather only the bandaid that he feels needs to be applied. Sen. Warren of course would never go down the causal rabbit hole as that would risk her job.
The Hill
BY CHUCK COLLINS, OPINION CONTRIBUTOR — 01/31/19 07:00 AM EST

21 Dec 2018

The concept of using the economy as a weapon is not an alien one to most people. Generally, we understand the nature of feudalism and how various groups can be herded onto centralized plantations to be exploited for their labor. Some people see this as a consequence of “capitalism,” and others see it as an extension of socialism/communism. Sadly, many people wrongly assume that one is a solution to the other — meaning they think that crony capitalism is a solution to communist centralization or that communism is a solution to the corruption of crony capitalism. The reality is that this is just another false…

10 Aug 2017

"Below the nation’s mostly mountainous surface are vast mineral reserves, including iron, gold, magnesite, zinc, copper, limestone, molybdenum, graphite, and more—all told about 200 kinds of minerals. Also present are large amounts of rare earth metals, which factories in nearby countries need to make smartphones and other high-tech products."

North Korea is sitting on trillions of dollars of untapped wealth

04 Jun 2017

"Negative interest rates and high inflation are a deadly combination that could further destabilize the already fragile union in the future. With less physical currency circulating, these trends ensure that the impact of any additional central bank policies will be maximized. If economic conditions deteriorate, the threat of citizens pulling cash out of their accounts and starting a bank run is eliminated in a cashless system. So long as the people’s wealth is under centralized control, funds can be shifted at will to conceal any underlying problems.

31 May 2017

"Though Block said he hadn’t heard of Element before Wednesday, the run on Home Capital Group’s deposits in recent weeks suggests that “investors denial is just starting to crack.” HCG is being drained of assets at an unprecedented pace – already 94% of retail deposits have fled the troubled lender - and the company has erased more than half of its market capitalization since a Canadian regulator accused it five weeks ago of misleading…

08 Dec 2014

"In recent developments, it became clear that economic warfare is the main weapon used by the Transnational Elite, (TE- i.e. the network of the elites based mainly in the G7 countries which run the New World Order of neoliberal globalization), to subordinate Russia and integrate every other country still resisting the process, e.g. Iran and Venezuela. This includes not just the usual economic sanctions, or the blocking of new projects to facilitate distribution, like the South Stream project but, also, as the dramatic decline in the price of oil has shown in the last few months, the induced fall in its price.