On top of the historic money printing by the USA, due to the Russian invasion of Ukraine and the Western sanctions on Russia, fertilizer and food prices are rising. In addition, Russia is looking to begin selling their oil for rubles instead of dollars within a week, resulting in higher prices across the board. Higher food prices will make Victory Gardens popular again.
The sun never set on the British Empire. The City of London, British tax havens, and British banking still finance their world empire.
Saudi Arabia is looking to sell their oil to China in exchange for Yuans. Combined with US sanctions on Russian oil and banking, that would be the death of the petrodollar.
Most people who buy stock in the stock market logically think that they own that stock. In actuality, the Depository Trust and Clearing Corporation (DTCC) owns the stock. The receipts for the stock are traded through the DTCC and payments are settled at the end of the day instead of with each individual trade. This is known as “netting.” Ergo, you don’t own stock. The DTCC does.
SWIFT is the Society for Worldwide Interbank Financial Telecommunication. It is basically the computer program that allows people to trade US dollars internationally. Europe buys energy commodities from Russia with dollars via SWIFT. Kicking Russia from SWIFT could end the petro-dollar as the world’s reserve currency. There are already bank runs.
During the 19th century, the Qing Chinese empire was being torn apart by taxes and regulations which were causing economic depressions and insurrections. Many Chinese subjects were using opium in order to escape their depressed lives. The Qing government blamed their problems on the opium trade and sought to abolish it to revive the economy.
Printing money, taxes, and regulations concentrate wealth in the hands of the ruling elite. Just as the Qing did, the USA can blame our economic depression on opiates or we can acknowledge that opiate use is a direct consequence of depression caused by the ruling elite.
Christmas 2021 marks the 30th anniversary of the end of the Soviet Union on December 25, 1991.
“YESTERDAY, December 7, 1941- a date which will live in infamy- the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan. […] I ask that the Congress declare that since the unprovoked and dastardly attack by Japan on Sunday, December 7, 1941, a state of war has existed between the United States and the Japanese Empire”
-President FDR, Dec 8, 1941 address to Congress
“I am no man’s man. I bark at no man's bid. I will never come and go, and fetch and carry, at the whistle of the great man in the white house, no matter who he is.” -Davy Crockett
The movie V for Vendetta is about a government that creates a virus and uses the resulting fear to lock down the country.
Printing more money increases the amount of money that can be loaned than otherwise, thus lowering interest rates. Importantly, printing money creates bubbles. Bubbles are investments (stocks, housing, bonds) which are affordable to investors with lower interest rate loans but which are unaffordable with higher interest rate loans. When the interest rate rises, bubbles pop.
“Let’s be clear: Raising the debt limit is paying our old debts. It has nothing to do with new spending or what may be coming this year or other years.”
-President Joe Biden, October 6, 2021.
“Temporary open market operations involve short-term repurchase and reverse repurchase agreements that are designed to temporarily add or drain reserves available to the banking system and influence day-to-day trading in the federal funds market.
A reverse repurchase agreement (known as reverse repo or RRP) is a transaction in which the New York Fed under the authorization and direction of the Federal Open Market Committee sells a security to an eligible counterparty with an agreement to repurchase that same security at a specified price at a specific time in the future.”-The Federal Reserve Economic Department’s website
China and Europe are experiencing energy problems. In Europe, fossil fuel prices are spiking (it’s not even winter yet) and shortages are common. The Chinese government has cut the power to millions, leading to blackouts in parts of the country.
Canada and California are both having recall elections for their chief executives.
The hypocrisy of the mask and vaccine mandating elites seems to be the main point of contention.
The author of the Patriot Act, Joe Biden, wants to force people to wear mask burkas.
Two black swans appeared from China over the weekend. Evergrande, China’s largest real estate investment group is going bankrupt and it has come to light that Fauci lied about funding research to create coronaviruses at the Wuhan Institute of Virology.
“These are the times that try men’s souls: The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of his country; but he that stands it now, deserves the love and thanks of man and woman.” -Thomas Paine, The Crisis, Dec. 19, 1776
"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." -John Maynard Keynes, The Economic Consequences of the Peace (1919), Chapter VI pg 236
