Tag Archives: economic

America Will Lose The Trade War Because That Is What Globalists Want To Happen

Times of great political and social crisis can almost always be linked back to a common root cause – false paradigms. There are many people out there who have no clue what this phrase means, just as they have no clue what the phrase “controlled opposition” means. Some of these people are new activists to the liberty movement who recently joined because of the fervor of the Trump presidential campaign. They think the world of sovereignty and nationalism revolves around Trump, because frankly, they have been duped by a false paradigm themselves.

False paradigms are a base tactic of what is known as “4th Generation Warfare”. The purpose of 4th Gen warfare is described in the document ‘From Psyop To Mindwar‘. A document circulated within the DoD by the 7th Psychological Operations Group and written by now former General Paul Vallely (spelled “Valley” in the document) and now former Lt. Colonel Michael Aquino (a self professed satanist, believe it or not). I recommend it as a means to understand how globalists tend to think, how they use division to conquer populations, and to come to terms with the fact that these people are not held in check by empathy, morality or reason.

As far as 4th Gen warfare is concerned, Mindwar describes a method of psychological manipulation and propaganda used by governments and militaries as a means to turn a target population against itself. The goal is to win a war against a group of people by causing them to destroy each other so that the government does not have to combat them directly.

False paradigms are a premier tool for pursuing this outcome. They are achieved by dividing a population through false leadership, fake and sometimes real outside threats, as well as manufactured crisis events. Globalist institutions and the political puppets they control use false paradigms as a means to distract the public away from their criminal endeavors. While we are focused on the political Left, or the political Right, or the Russians, or the Iranians, or the Chinese, they are exploiting our fear and doubt to gain more centralization and more power.

For globalists, the great prize is, of course, OPEN global economic management (rather than covert management), a one world currency and cashless society, as well global government. They want a veritable worldwide feudal plantation state – and they want the masses to embrace it willingly, or perhaps even beg for it. To obtain this prize, they will need a considerable economic disaster. The US economy and the dollar would have to be undermined, for Americans would not consent to global governance as long as our society remains relatively affluent and comfortable.

But how is this being accomplished by the elites…? And, what does the trade war have to do with their plans?

Global Banking Elites And The Controlled Demolition Of The US

I have been writing extensively on the controlled demolition of the US economy for some time now. In January of 2018 I predicted in my article ‘Party While You Can – Central Bank Ready To Pop The Everything Bubble’ that Jerome Powell and the Federal Reserve would pursue policy tightening and would continue until the bubble in fundamentals, corporate debt, consumer debt, housing, retail, stock markets, etc. collapsed. So far I have been proven correct; the fundamentals are plunging, and only stock markets remain. In the 2nd quarter of 2019 the Fed is still cutting assets exponentially from its balance sheet and still refuses to pull interest rates back from their neutral rate of inflation, despite the predictions of many in the mainstream and alternative media.

The Fed has used the tactic of addictive stimulus measures and artificially low interest rates to create massive financial bubbles in the past. And, they almost always use tightening policies in times of economic weakness to deliberately pop those bubbles. For example, this is exactly what happened at the onset of the Great Depression. As former Fed Chairman Ben Bernanke openly admitted in 2002 in an address in honor of Milton Friedman:

“In short, according to Friedman and Schwartz, because of institutional changes and misguided doctrines, the banking panics of the Great Contraction were much more severe and widespread than would have normally occurred during a downturn.

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”

And yet, it IS happening again today. As the economy nosedives, banking institutions buy up more hard assets and consolidate more power, and each time global economic management is suggested as a possible solution to the very crisis they created.

My question has never been “Will there be a crash?” A crash of the US is mathematically inevitable, it is happening now in accelerated fashion, and has been progressing in various ways since 2008. Instead my question has always been “How do the globalists plan to get away with it?”

In my article ‘Trump Trade Wars A Perfect Smokescreen For A Market Crash, published in March 2018, I outlined exactly how they plan to get away with it. In that article I examined the strange number of similarities in policy and politics between Donald Trump and Herbert Hoover, including the use of large scale tariffs right before the collapse of the US financial system. While it was the Federal Reserve’s interest rate increases into weakness that exacerbated and prolonged the Great Depression for many years, it was Herbert Hoover’s policies (and sometimes the gold standard) that were blamed for the crash.

In other words, Donald Trump is following almost the exact same path as Herbert Hoover, and Trump’s trade war with China is being used by the banking elites as cover for their sabotage of the US economy. In the end, it will be Trump and all of his “populist” followers that will get the blame for the destabilization of our financial structure. The central bankers have a perfect scapegoat.

Trump And The False Left/Right Paradigm

But how could the banking elites and globalists possibly predict Trump’s behavior in order to take advantage of it? Well, if you look at Trump’s background as well as the number of elites he has placed within his own cabinet, the reality if the situation becomes clear: Trump is a puppet, and always has been.

In my article ‘Trump Is A Pied Piper For The New World Order’ I outlined Trump’s history with the banking elites, including his relationship with Rothschild banking agent Wilber Ross, who bailed Trump out of his debts and saved him from the effects of bankruptcy in the 1990’s. Trump’s biggest campaign promise in 2016 was to “drain the swamp” in Washington D.C. of the financial elitists and globalists that Hillary Clinton was so closely tied to. But, when he entered the White House, he made Wilber Ross his Secretary of Commerce, hired on Goldman Sachs goons like Steven Mnuchin and Gary Cohn, and he has brought warmongering psychopathic think tank members like John Bolton and Mike Pompeo into his cabinet.

The globalists don’t have to predict Trump’s behavior, they dictate Trump’s behavior. Thus, the false left/right paradigm reigns supreme once again; the same paradigm many Trump followers thought they were escaping by rallying against a Clinton presidency.

Current Trump cheerleaders completely ignore this fact, however. I have not seen a single one of them confront the issue of Trump’s cabinet or his associations with the Rothschilds. They either ignore it outright, or they claim Trump is “keeping his enemies close” or “using their expertise to free America”. This is insanity, but it showcases the power that false paradigms have. Conservatives were so afraid of Clinton that they jumped on the bandwagon of Trump’s controlled opposition administration, and they refuse to admit they have been conned.

How have globalists benefited from Trump being in the White House, though?

Trump has gone on to attach his presidency so closely to the performance of the economy and primarily stock markets, that any crash now will undoubtedly be blamed on him. This is strange behavior if you consider his statements during his campaign, including his assertion that the Fed was deliberately keeping interest rates low to protect Obama, and that the stock market was a giant fraudulent bubble. Today, Trump is demanding that the Fed funds rate be lowered and that stimulus be renewed, and, he has been Tweeting incessantly about how the economy under his watch is the “greatest ever”.

To those who actually track the health of the US economy, Trump’s statements might seem delusional. If you understand that Trump is controlled opposition and that he is playing the scripted role of a bumbling villain, his statements make perfect sense. The US economy is NOT the greatest it has ever been, in fact, it is the worst it has been since the crash of 2008, as I evidenced in detail in my article ‘The Crash In US Economic Fundamentals Is Accelerating’. Trump is wrapping himself around the implosion of the Everything Bubble as a mascot of fiscal destruction, and he’s trying to drag all conservatives with him.

China And The False East/West Paradigm

The other side of the control mechanism for a crash of this magnitude is on the other side of the world – China. It is not only Trump that has to act a certain way in order to cover for the crash of the Everything Bubble, China must also play its role. The false East/West paradigm is perhaps the most pervasive of all false paradigms, for even many in the liberty movement think that governments in China or Russia are opposed to the elites in the US and Europe. This is simply not true.

China in particular has a long time relationship with Western globalists. In fact, modern China was essentially built by them.

The Rockefeller family and the Rockefeller Foundation have been influencing Chinese social and political developments since the late 1800’s. This started as seemingly innocuous, with the foundation initiating social and health related programs in rural areas, but as noted by historians with access to the Rockefeller Archives, the Rockefellers were not seeking to display their capacity for philanthropic charity, but pursuing wide reaching influence in Chinese society and politics. For more information, I highly recommend reading Frank Ninkovich’s study of the Rockefeller’s dominance in China for the past century in the Journal Of American History.

China’s central bank is currently linked to the Bank For international Settlements, which is often referred to as the “central bank of central banks” and as admitted in an article for Harpers in 1983, the BIS essentially writes policy for all member banks – this means the Chinese central bank AND the Federal Reserve are both controlled by the globalists at the BIS. This is even more evident in recent years as all major central banks have operated with an odd level of coordination to prop up the stock markets of other nations, including stock markets of nations that are supposedly in conflict.

China also now works closely with the IMF – the Yuan has been inducted into the SDR basket system, and China has called on multiple occasions for the SDR basket to replace the US dollar as the world reserve structure. The IMF is openly discussing the introduction of a cashless digital currency system based on blockchain technology, which I believe will be the likely replacement for ALL currencies when the time comes.

This means the trade war is a farce. When it comes to the elites of China and the US, there is no division and no conflict. They all want the same thing – global centralization.

The Trade War Smokescreen

For many years I have warned that the next World War would be an economic world war between the East and West, and that this war would be engineered by globalists as a mass distraction while they introduced their one world economic system. The crux of that economic war would be the eventual dumping of US treasuries by foreign central banks as well as the dollar as the world reserve currency.

What many pro-trade war people don’t seem to realize is that the dollar’s world reserve status was part of the original deal with China. China gained a trade surplus and access to US markets, the US gained a cheap labor pool, access to cheap goods and our currency was accepted by the Chinese as the foundation of international trade. But this dynamic no longer serves globalist interests in the new system they hope to create.

As described in an article published in the Rothschild run magazine The Economist in 1988, the US economy has to be brought down to pave the way for the new global currency system. Globalist Mohamed El-Erian confirmed this plan in a 2017 op-ed for The Guardian. And, as globalist George Soros stated in 2009, China is intended to take a larger role in the IMF and become the economic engine for the “new world order”, while the US is set to take a back seat in global affairs as the rest of the world moves away from the dollar.

This might be why US 10 year treasury auctions are seeing dismal results, and why the Chinese are now willing to threaten the dumping of US T-bonds through their state run media. China has NOT folded to US tariffs as so many people have been predicting for the past year. In fact, China has dug in even further.

China is the number one exporter/importer in the world. They now set the standard for international trade, not the US. If China follows through on threats to dump US treasuries, or if they dump the dollar as the world reserve, then most if not all of their trading partners will do the same. The consequences would be devastating for the US economy, which has a minimal manufacturing base and is utterly reliant on the international acceptance of the dollar to keep prices low and to prop up what’s left of our financial structure.

While proponents of the trade war keep insisting that manufacturing will come back to the US, this still has not materialized. Why would corporations spend all the money to rebuild factories in the US when they can simply stay in Asia and use the existing factories and cheap labor? There is no incentive for them to come back. If tariffs go higher, they can easily raise prices on consumers to support their bottom line.

The US is being set up for a spectacular fall. Those that claim China would never make such a move don’t understand the Chinese economy. The US market is only 18% of Chinese exports, and US consumption has been declining. The vast majority of China’s GDP comes from domestic consumption, and the claim that China is dependent on US markets to survive is one of the most widely perpetuated lies of the past decade. The Chinese will take a hit to their economy, certainly, but nowhere near the hit the US economy will take if they cut off the dollar as the primary trade mechanism.

The trade war only makes sense if you look at it from the globalist perspective. China will get hurt to an extent, the US will suffer an economic disaster it will never recover from, and only the globalists truly benefit. With tensions increasing, probably through the end of 2019, I suspect the Federal Reserve will increase cuts to their balance sheet under cover of the trade war. I also suspect that China’s central bank will finally cut off stimulus measures which have been keeping global stocks afloat for the past four months. This will eventually trigger the crash of markets on top of already plunging fundamentals.

The US will lose the trade war, Trump and conservatives will be blamed for the collapse, China will already be pre-positioned as the next economic engine for the world, and the IMF and BIS will introduce their one world currency system as the solution to the problem they created. Whether or not they succeed in this plan will greatly depend on whether or not enough people set aside their biases and accept that the whole thing was a farce from the very beginning.

http://www.alt-market.com/articles/3761-america-will-lose-the-trade-war-because-that-is-what-globalists-want-to-happen

Please follow and like us:

MSNBC Host Provides the Most Hilarious Explanation of the Economy in History

One of the major problems confronting the Democrats in 2020 is the state of the economy. Barring some deus ex machina, President Trump is going to campaign for reelection within the context of a significant economic boom. The stock market is booming. Inflation remains low. Real wages are up. Labor force participation is up. Unemployment is at near historic lows. Ordinarily, people would be happy for a great economy, but, with the Democrats, good news for America is bad news for their party.

Their most immediate problem is how to rationalize the economy under Trump to the economy overseen by Obama. At that point, the conventional wisdom among Democrats and professional economists was that high unemployment, low labor force participation, and stagnant wages were the new normal.

Now MSNBC “personality” Chris Hayes has his own theory to explain the difference:

Everyone who called for austerity got it wrong and caused harm

Everyone who scaremongered about the deficit got it wrong and caused harm

Everyone who wrote about the “skills gap” got it wrong and caused harm

Everyone who kept warning about inflation got it wrong and caused harm

Lots of regular people – critics, bloggers, gadflies, etc were able to see this but the commanding heights of the econ/policy/political worlds either could not or would not.

Or, an even less charitable interpretation: they didn’t get it wrong at all. They didn’t want full employment, they didn’t want wage growth and empowered workers and they certainly didn’t want that happening under a Democratic president.

I mean, years of the titans of industry whining about the skills mismatch, how they can’t find good workers, and chin-stroking conferences about labor force participation, and columns about how it was workers’ own fault, on and on and on, all just garbage.

Yep. That’s exactly what happened. Tens of thousands of American businesses decided they’d go out of business rather than let Obama’s economic plan be a success. Millions of Americans decided they’d just sit at home and not work to screw the black guy.

This is ridiculous.

Not to say that Obama didn’t inherit an economic mess, he did. But, like FDR’s New Deal, Obama tried to use a financial crisis to fundamentally change the US economy and to increase government influence. He reduced the workforce by nearly 9 million by liberalizing rules for disability insurance and did this as much to try to create a new class of benefit recipients who would reliably vote Democrat as for any other reason. But the reason that the economy has taken off under Trump is because both consumers and employers feel more secure in their finances and have more confidence to make major investments and purchases. Putting the brakes on federal rule-making and rolling back rules that inhibit growth have also been a factor. Getting out of the way as oil/gas exploration and extraction has boomed has been a major stimulus to the national economy.

More to the detail of Hayes nonsense. Obama was not burdened with any “austerity” measures

Neither has Trump benefited from an increase in inflation:

A lot of the “skills gap” was utter bullsh** pushed by the Chamber of Commerce in its eagerness to bring in more cheap H1B visa recipients to replace American workers. Under Obama, most American STEM graduates didn’t work in that field but no one in the White House ever challenged the narrative because Obama, too, wanted cheap foreign workers and Americans on the dole.

I have no doubt that this will become a full-fledged scandal, probably rating its own special counsel, by the time the election season is in full swing. There is probably a Michael Moore movie in the making about this conspiracy. But most people are going to see this for what it is, a dimwitted cable talking head trying to rationalize away a very good economy.

Please follow and like us:

Food Crisis Alert: U.S. Farmer Income PLUMMETS

The food crisis could be upon us, as farmers in the United States report that income has plummetted. If farmers can no longer afford to grow the food we all buy in the stores, expect not only a major price hike on the food that is available but a shortage of whole foods as well.

The personal income of farmers in the U.S. declined by an annualized $11.8 billion between January and March, the biggest 1st quarter drop in 3 years, Bloomberg reported, citing Commerce Department data released Monday. The drop in income is being driven primarily by the fallout from President Trump’s trade disputes, a nosedive in commodity prices, and record flooding in the Midwest. As a result, farmer bankruptcies in the Midwest have shot up to levels the U.S. hasn’t seen for approximately a decade.

This makes the prospect of a food crisis very real. Although reports from the government claim that progress in the trade war can be described as “cautiously optimistic,” little can be done for the farmers already struggling. According to a report by Axios, America’s farmers are living through the worst economic crisis in almost 30 years and there is no end in sight.

Government interference in the food market is having a much heavier effect on farmers than it has on others. As New York Times columnist Paul Krugman writes, rural America is being “undermined by powerful economic forces that nobody knows how to stop.” The booming economy the mainstream media continues to relentlessly drone on about isn’t touching all corners of the country, and farmers, in particular, are facing a very different economic reality than the economic growth and low unemployment rate that Americans are experiencing elsewhere.

Wisconsin, where dairy farms closed at a rate of two per day last year, has been hit particularly hard by the “booming economy.” The state’s dairy industry accounts for half of Wisconsin’s “critical agricultural sector … generates $43.4 billion a year in economic activity … and supports 413,500 jobs or 11.9% of the state’s employment,” according to the Wisconsin Policy Forum. That’s a large segment of jobs, and that means, deviation in farming could soon spill over and affect every single one of us.

In fact, we all eat, whether you’re a vegan or carnivore, the destruction of American’s farmers will play a huge role in the cost of food and the ability to find or even be able to afford food that isn’t laced with antibiotics, chemicals, pesticides, or GMO.

Please follow and like us:

Just Before The Great Recession, Mountains Of Unsold Goods Piled Up In U.S. Warehouses – And Now It Is Happening Again

When economic conditions initially begin to slow down, businesses continue to order goods like they normally would but those goods don’t sell as quickly as they previously did. As a result, inventory levels begin to rise, and that is precisely what is happening right now. In fact, the U.S. inventory to sales ratio has risen sharply for five months in a row. This is mirroring the pattern that we witnessed just prior to the financial crisis of 2008, and it is exactly what we would expect to see if a new recession was now beginning. In recent weeks, I have been sharing number after number that indicates that a serious economic slowdown is upon us, and many believe that what is coming will eventually be even worse than what we experienced in 2008.

And even though I write about this stuff every day, I was stunned by how rapidly inventory levels have been rising recently. The following numbers come from Peter Schiff’s website…

This comes on the heels of the largest gain in wholesale inventories in more than five years in December.

Inventories rose 7.7% from a year ago in January. Meanwhile, sales only rose by 2.7%. Overall, total inventories were $669.9 billion at the end of January, up 1.2% from the revised December level.

The increase in durable goods inventories at the wholesale level was even starker. These inventories were up 11.7% from January a year ago, and are up 17% from January two years ago, hitting $415 billion, the highest ever.

Businesses don’t like to have excess inventory, because carrying excess inventory is expensive and cuts into profits. So they try very hard to manage their inventories efficiently, but if the economy slows down unexpectedly that can catch them off guard…

There are few indications of economic slowing that are more convincing than an unwanted build in inventories — and that apparently is what’s underway in the wholesale sector.

When inventory levels get too high, businesses often start reducing the amount of stuff they are ordering from manufacturers.

So we would expect the numbers to indicate that manufacturing output is down, and that is precisely what we have witnessed over the last couple of months…

U.S. manufacturing output fell for a second straight month in February and factory activity in New York state hit nearly a two-year low this month, offering further evidence of a sharp slowdown in economic growth early in the first quarter.

If manufacturers are making and sending less stuff to businesses, and if businesses are selling less stuff to their customers, then we would expect to see less stuff moved around the U.S. by truck, rail and air.

And wouldn’t you know it, the numbers also tell us that this has been happening too. The following comes from Wolf Richter…

Now it’s the third month in a row, and the red flag is getting more visible and a little harder to ignore about the goods-based economy: Freight shipment volume in the US across all modes of transportation – truck, rail, air, and barge – in February fell 2.1% from February a year ago, according to the Cass Freight Index, released today. The three months in a row of year-over-year declines are the first such declines since the transportation recession of 2015 and 2016.

So there you have it. Anyone that tries to tell you that the U.S. economy is “booming” is simply not being accurate.

And when you throw in the fact that we just witnessed one of the worst disasters for U.S. agriculture in all of U.S. history, it is easy to understand why the economic outlook for the remainder of 2019 is rather bleak. One agribusiness company just announced that it will have “a negative pretax operating profit impact of $50 million to $60 million for the first quarter” as a result of all the flooding…

Already suffering from low crop prices and the U.S.-China trade war, Mother Nature has delivered yet another blow to the beleaguered American farmer. Growers in the heartland this year have seen arctic cold blasts, been blanketed by snow and just in the last week were inundated by floods. Archer-Daniels-Midland Co., one of the world’s biggest agribusinesses, said Monday that it expects weather disruptions to have a negative pretax operating profit impact of $50 million to $60 million for the first quarter.

Korth said he fears the worst for local farmers, citing a friend who lost 85 cows to flooding and another who sells seeds and has already seen order cancellations.

“It’s going to put a lot of people out of business,” Korth said. “It’s just a terrible deal.”

Unfortunately, the flooding in the middle portion of the country is just getting started. According to the National Weather Service, we are going to see more catastrophic flooding for the next two months.

As you can see, the elements for a “perfect storm” are definitely coming together, and I encourage everyone to get prepared for rough times ahead.

But many people are not that concerned about a new crisis, because they remember that global central banks were able to pull us out of the fire last time around.

Unfortunately, they may not be able to do it this time. Just consider the words of the deputy director of the IMF…

Major financial institutions may be powerless to prevent the next global economic downturn from tuning into a full-blow recession, the International Monetary Fund has warned.

In a speech on the future of the eurozone, the IMF’s deputy director David Lipton, warned of the depleted power of central banks and governments to combat another sharp economic shock.

“The bottom line is this: the tools used to confront the global financial crisis may not be available or may not be as potent next time” he said.

But I am sure that global central banks will try to patch the system back together again, and at certain moments it may even look like they are having some success.

Please follow and like us:

Billionaire investor’s take on America’s socialist fever

Howard Marks is one of the smartest, wealthiest investors in the world.

As founder of Oaktree Capital, Marks manages around $120 billion. And his track record ranks him among the greatest investors in history.

So it’s probably no surprise that Marks is deeply concerned about “the rising tide of anti-capitalism,” and dedicated one of his famous memos to this new political trend.

In the eyes of anti-capitalists, wealthy people, big businesses, and investment funds are all evil. Period.

Just look at how New York City pushed Amazon to walk away from its multi-billion dollar expansion there: these anti-capitalists aren’t rational. This is no longer a political agenda. They’re waging a holy war… it’s a bizarre jihad against prosperity.

As Howard Marks writes in his latest memo, the anti-capitalist fever is spreading quickly today because so many people are feeling left behind.

The stock market has been booming for most of the past decade—so people in the upper middle class, and the rich, have become wealthier as a result.

People in the working class, however, rarely invest in the stock market. Instead, they have seen stagnating wages that in many cases haven’t even kept up with inflation.

Nearly 30% of American jobs, primarily those in the working class, now require expensive, bureaucratic government licenses that take even more time and money away from people who are already struggling.

At the same time, economic growth is slowing.

And automation and globalization are eliminating working-class jobs. In a short time, entire working class professions will be vanquished.

All of this contributes to a ‘have/have not’ society that has become almost a caste system: if you’re born poor, you’re probably going to die poor. Opportunities for growth and advancement are dwindling.

If you’re working class and try desperately to save money, you won’t even be able to generate a positive return (after adjusting for inflation and taxes) by keeping money in a savings account.

And if you try to start a business to get ahead, you’ll once again be hit with endless bureaucracy, fees, and legal liability.

Unsurprisingly this has led to a lot of anger. People feel like they’re being screwed by the system. And right now it’s palpable.

Yet rather than focus on intelligent ways to fix enormous problems, the government will align itself with the Socialist jihad and start attacking prosperity.

Look at Social Security as an example (which Howard Marks also agrees will fail). There are realistically only two ways to fix this:

One- default on the promises that have been made to everyone, by cutting benefits, raising the retirement age, etc.

Two- Raise taxes.

Option one is political suicide. Option two is much easier, especially if you can ratchet up tax rates on the wealthy.

But there’s an even bigger insult with this Socialist Jihad: they not only want to shake down the upper and upper-middle classes with punitive tax rates of 70% to 80%, but they also want to constantly shame and demean you as well.

In ancient Rome, wealthy people were often heavily taxed and expected to pay for enormous public works.

But they were honored for it… heralded with gratitude for contributing so much to the Republic.

The socialists want your money AND your self-esteem; some days it seems like there’s no end to the rancid emotional diarrhea on social media over someone else’s personal wealth.

Every action has consequences. And it’s only reasonable to presume that every person has a limit. Push people too far and they’ll leave.

That’s what the jihadists fail to realize: it’s the 21st century. People (and capital) are mobile.

As we’ve noted before, the rich are already leaving higher-tax states for places like Texas and Florida where there’s no state income tax. That trend will only accelerate.

It’s also clear that more people will relocate to Puerto Rico, where they can entirely eliminate their US federal income tax.

Under tax incentive programs that I have written about before, in Puerto Rico it’s possible to pay just 4% on business income, and absolutely NOTHING on investment income.

Puerto Rico’s Secretary of Economic Development told us recently that applications for these incentives are up several fold over the past few years. So it seems that trend is growing as well.

John Paulson, another hedge fund billionaire, has already said that he’s planning on moving to Puerto Rico just as soon as his youngest child goes off to college in a few years.

But that’s fine with the socialists. They think it’s a victory when they chase people and businesses away.

They’re not interested in a win/win solution that benefits everyone. They only want a win/lose outcome… “winning” at your expense.

Two thousand years of historical evidence show this doesn’t work. As Marks writes in his memo:

“The hard-left thinks government can do things better than free markets and increase wellbeing. Which government agencies would you like to see managing our economic engine?

“Capitalism is an imperfect economic system, because differential performance in the pursuit of economic success – as well as luck – results in there being (a) some people who are less successful as well as some who are more and (b) a few who are glaringly successful.

“Obviously I’m someone who has profited from capitalism, so my views could be dismissed as hopelessly biased.

“However, I’m 100% convinced that the capitalist system has produced the most aggregate gains for our society, exceptional overall progress, and a better life for most. For me, the best assessment of capitalism is the one Winston Churchill applied to democracy:

No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of Government except all those other forms that have been tried from time to time.

In the same way, I’m convinced that capitalism is the worst economic system . . . except for all the rest.”

To your freedom,

Signature
Simon Black,
Founder, SovereignMan.com


Please follow and like us:

Economic Collapse Confirmed! $70 Trillion Dollar Dark Cloud Of Debt – Stock Market Crash 2018

The most incredible video of the coming Economic Collapse and the next Great Depression. Today, America is nearly 70 trillion dollars in debt, and that debt is shooting higher at an exponential rate. Usually most of the focus in on the national debt, which is now 21 trillion dollars and rising, but when you total all forms of debt in our society together it comes to a grand total just short of 70 trillion dollars.

Many people seem to believe that the debt imbalances that existed prior to the economic collapse and stock market crash of 2008 have been solved, but that is not the case at all. We are living in the terminal phase of the greatest debt bubble in history and a financial collapse is imminent.

Image result for economic collapse

Each passing day that mountain of debt just keeps on getting bigger and bigger… Top economists predict that within the next 12-18 months, the imminent economic collapse will hit the United States.

Please follow and like us:

“Italy Is Collapsing…And 5 Star Is Our Last Hope”: How Young Italians Fueled A Populist Uprising

Unlike in the US, where President Trump relies on older Americans for his base of support, more than half (53%) of Italians under 35 voted for one of the two anti-establishment parties that triumphed in Italy’s March election. Their enthusiastic support explains the outpouring of anger directed at technocratic Italian President Sergio Mattarella, who called for new elections as he seemingly reached for every conceivable excuse to try and stop the two parties from forming a government, before finally acquiescing.

Young Italians have grown disillusioned with the center-left – which has clung to a status quo that deliberately favors older workers – even as their counterparts in Greece and Spain have moved even further to the left, with 40% of Spaniards under 35 saying in a recent poll that they favor the far-left Podemos and its allies, while in Greece, 41% of people aged 18 to 24 voted for Syriza in the 2015 election that brought the far-left party to power, according to the Wall Street Journal, which recently published a long-winded feature about the political plight of restive Italian youth.

Italy

Giada Gramanzini, a 29-year-old Italian university graduate who has struggled to find permanent work

Young Italians, like young people in much of the Western developed nations that comprise the EU, are convinced that they will lead lives fraught with economic turbulence, and that few in their generation will manage to achieve the same standard of living that their parents enjoyed. The marriage rate in Italy has fallen by a fifth over the past decade, according to Istat. In 2016, the last year for which data are available, Italian men got married on average at age 35 and women at 32 – two years later than in 2008. Meanwhile, the birth rate in a country that’s viewed as the cradle of conserative Catholicism has fallen to an all-time low.

Chart

Of the many statistics that point to an intractable economic malaise, the youth unemployment rate is particularly troubling: Nearly 30% of Italians aged 20 to 34 aren’t working, studying or enrolled in a training program, according to Eurostat. This comes after the employment rate for Italians under 40 fell every year between 2007 and 2014, before flatlining for three years. That’s higher than any other EU member state – including Greece, which is sporting youth unemployment of 29% – the second highest – as well as Spain’s 21%.

“Italy is collapsing and yet nothing has changed in this country for at least 30 years,” said Carlo Gaetani, a self-employed engineer in Puglia. Ten years ago, when he was in his early 20s, he voted for a center-left party that he hoped would push for economic development in southern Italy. When Italy descended into a crippling recession, he felt betrayed by the traditional Italian left-wing parties. He has seen friends struggle to find jobs, and said his own business opportunities are limited to the stagnant private sector, because commissions for the public sector are usually awarded to people with connections he doesn’t have.

Mr. Gaetani, now 33, voted for 5 Star in the 2013 election, a choice he repeated in March with more conviction. “5 Star is our last hope. If they also fail, I think I’ll stop voting,” he said.

Luckily, the older generation is well-equipped to step in and provide a modicum of financial support, thanks to generous pension benefits that have accrued to older workers. Yet this has done little to assuage the anger of young Italians, as the number of Italians under 34 living in dire poverty (aka those who can’t afford even basic goods and services) has more than doubled in the aftermath of the crisis.

The pain in southern Europe reflects a feeling across much of the Western world that the younger generation will struggle to surpass their parents in wealth and security. Half of Italians who responded last year to an online survey on jobs site Monster.com said they thought they will earn less over their careers than their parents.

Young Italians, who bore the brunt of the country’s protracted, triple-dip recession, still bear the scars that will affect their career prospects, homeownership and birthrates for decades to come.

While they share many similar characteristics, the problems in Italy are fundamentally different than in the US. Perhaps the biggest issue for young people is a labor system where people with open-ended employment contracts enjoy unassailable job security and access to benefits. Meanwhile, younger employees are getting stuck with short-term contracts generally lasting from one month to one year that carry few benefits and make it impossible to plan for the future.

Short

The Italian government introduced these short-term contracts in the 1990s to help young people enter the labor force. Italy recently adopted a revamp of its labor laws, using tax breaks to coax companies into using more open-ended contracts – which allow firms to avoid the great hassle and cost involved in firing employees. But these policies generally haven’t worked, and both the Five Star Movement and the League have capitalized on the anger at existing labor policies by promising to undo the government’s reforms, while Five Star has also advocated giving the poor and unemployed a UBI of 780 euros (roughly $900) a month.

The 5 Star Movement has lured millions of young voters with promises to roll back new labor rules, give the unemployed and poor a so-called universal basic income of €780 ($905) a month, and abolish unpaid apprenticeship contracts. Its leader, Luigi Di Maio, was a 26-year-old university dropout who lived with his parents when he was elected to parliament in 2013. Today, he is a deputy prime minister.

The League attracted a sizable portion of the youth vote by advocating for many of the same anti-establishment policies that Five Star embraced – such as canceling the country’s recent labor reforms – while also calling for deportations of African migrants who have overwhelmed Italy’s borders in recent years.

Italy’s economic problems played into young voters’ sentiments about immigration during the campaign as well, one of the animating drivers of support for the League. “We can’t host all of Africa,” said Gianluca Taburchi, a 23-year old supermarket employee from Perugia who voted for the League. “We already have our own problems. We have lots of unemployment and unsecure jobs.”

Matteo Salvini, the leader of the League who became a deputy prime minister and interior minister in the new government, promised to return hundreds of thousands of migrants to their countries of origin. 5 Star, which straddles the line on many issues, spoke of stemming illegal immigration, but stopped short of calling for mass deportations.

Now that they’ve found their way into power, the future of these euroskeptic parties will depend on whether they keep their promises. Instituting labor-market, welfare and immigration reforms is only one part of the problem. Many younger Italians are deeply distrustful of both the European Union and the euro currency – while many older Italians still view both projects as integral to maintaining a sense of European Unity and lasting peace on the continent.

Conte

Italian Prime Minister Giuseppe Conte, flanked by Five Star Leader Luigi Di Maio and The League leader Matteo Salvini

Both The League and Five Star’s controversial flirtations with abolishing the euro (League leader Matteo Salvini was reportedly photographed wearing a T-shirt reading “Basta euro” – or “enough with the euro – to the chagrin of many older voters) have been popular with their base. But when directly confronted about their stance on leaving the euro, they’ve been noncommittal. The question now is: Will the Five Star and the League allow voters a chance to speak on the possibility of an “Italexit”, as the analysts on Wall Street have taken to calling an Italian departure from the European Union? Or will they stop short of threatening an orthodoxy that a growing number of Italian young people view as the root cause for their economic suffering?

Please follow and like us:

Top 7 Reasons for Bugging Out from Economic Collapse or Catastrophic Disaster

If you haven’t considered the horrendous consequences of a major catastrophe, you could be one of the first casualties in just the first few weeks or even days that follow.

A look at disasters that have struck third world countries shows how fast and how easily large numbers of people can die when not prepared and when criminals descend on the vulnerable.

Here are 7 reasons why you need a Bug Out Bag

Reason # 1 for Bugging Out

Supplies of food and water — GONE

Food Shortages – All supplies of food and water that come into a metropolitan area have been destroyed. Within hours there are no stores or gas stations open and selling anything. Panicked and desperate crowds of people gather in both the streets and now looted and ransacked shopping districts. Roads and bridges may be out. Buildings and several homes and apartment buildings may be on fire. Around the area cries of sadness can be heard as people mourn lost or dead loved ones. If there are collapsed buildings other cries can be heard, those of people pinned and or partially crushed beneath buildings and other debris.

From street to street, chaos, rubble, fires

I can describe the possible carnage in multiple ways, as the carnage and destruction can be different from street to street and neighborhood to neighborhood. Gas pipes may have ruptured and exploded on one street. Broken water mains or sewer pipes may be flooding the ground up above on another.

Gunshots

Gunfire and even gunfire from automatic weapons may be unfolding elsewhere nearby. But who’s gunning it out with who?

Are Army troops setting up martial law and encountering resistance from local citizens? Are the police or national guard at war with local gangs? Is there an ISIS supporter seeing this disaster as his personal opportunity for Jihad on his neighbors who won’t convert or whom he knows are openly Christian or Jewish?

The police … or a pissed off psychopath in a clown suit

Or is it just a pissed off psychopath with his arsenal of weapons and ammo going berserk because, as far as he can tell, the world is coming to an end. With no belief in God, or belief in Hell, he can do whatever the hell he wants to whoever gets in his way. … The sound of automatic gunfire followed by screams of pain and terror. This shooter is gunning down anyone he can, finally letting out all that anger and disdain for human life he’s been holding in all these years. If he has any disdain for a person of another skin color, well whatever that disdain is they may be his first targets …

Race vs race.

Psychopath on a rampage.

Overzealous government troops in a desperate bid to enforce martial law.

Reason # 2 for Bugging Out

Escape the SHTF Circus of Terror that is Coming to Town

Riots – Everywhere you look, SHTF. In some cities, literally, it’s a circus of terror. But haven’t we seen the signs that this day is coming? Didn’t Jesus warn us in different gospels about a terrible day coming to our planet for unbelievers and those not right with God? He said there would be signs in the heavens and signs in the earth. Maybe, just maybe, one of those signs that are taking place as I write these words has to do with clowns; you know those same clowns headlining the news and social media currently… I’ve studied the Bible’s Revelation many times over the years and my conclusion about Revelation is still the same. Revelation is a circus and it’s God unleashing one judgment after another, including the supernatural and a flood of demons, and a flood of evil and violence and disasters, and anything can happen, and it does.

A serious question we all need to ask ourselves is this: Is Revelation finally at our doorstep?

Panicked and Desperate Mobs with No Food or Water

Where ever you are in the region, one thing is for certain you decide — it’s time to Bug Out before those panicked mobs of people down in the city or just across the railroad tracks on the wrong side of town descend on your safe community or neighborhood just a short distance away.

Waiting for FEMA — But FEMA Never Comes

Most of the mobs may be likely to stay near their homes and apartments the first few days, hoping for relief agencies like FEMA or the Red Cross to fly in supplies from the helicopter and air drops from overhead planes. But if those supplies never come, for the first time in life these panicked mobs are going to experience true hunger.

When that happens, things are going to get desperate for a lot of them. And desperate people are known to do desperate things. Expect several suicides. Expect several to turn to violent crime, and that includes street gangs and those who already employed as career criminals.

With the police spread thin and short-handed, street gangs and career criminals are about to have a hay-day taking whatever they want from whomever they can.

Street gangs are survival predators

Today, street gangs are filled with survivalists, just not the kind you’re thinking of. A lot of these gang members have a predatory survival instinct. In some neighborhoods, every day can be a fight for survival as they compete with other gangs in the area and against other dangerous elements. A lot of these gang members have an eye for spotting an opportunity and preying on any weaknesses they see in another gang or possible drug dealer working that area. They are constantly looking over shoulders for police while at the same time robberies and murder are commonplace in the worst neighborhoods of the biggest cities.

Black Gangs, Mexican Gangs, White Gangs, Asian Gangs

Gang leaders and safe houses can have stocks of weapons and ammunition, purchased with drug and blood money both, and stored away for those times that gangs perceive possible turf wars with other gangs, or simply as a second income stream, as they supply people with guns and ammo both and at a price.

Asian gangs? If a major city near you has a China Town, guess what they also have well armed Asian gangs. Mexican gangs? You don’t have to live near Houston, Dallas, Los Angeles, San Diego, Sacramento, or Denver to have a threat from Mexican gangs. If you live in any kind of region near the Mexican border there’s a good chance that Mexican gangs may cross what will now be an unprotected border and head up into U.S. towns looking for loot or anything else they can get their hands on.

White gangs include one percenter bikers, neo-nazis, Russians who are American citizens (we have Russian gangs in several cities or just low-level Russian mafia) and general white street criminals from major cities and towns across America. They run drug houses, car theft rings, robbery and extortion activities, the list goes on.

Reason # 3 for Bugging Out

Street gangs and mobs descend on outlying communities

Street Gangs – Some gangs may claim areas as their own, and then deplete all supplies within those areas (often taken by force) before moving on to another area to look for more supplies.

Statistically, around the U.S. and other nations, large cities will have countless numbers of gang members and a number of violent criminals as well as those desperate mobs who seek out the “prosperous” and “peaceful” communities just a few miles out. Scattered in that number fleeing major cities will be high-level sex predators … Can anyone guess how a number of these sex predators are going to react to a situation where lawlessness has come to the region; families are separated, parents are missing or maybe dead; children wander the streets lost, confused, looking for help. Police are spread thin or nowhere to be found. God help us …

Should you bug out with your family?

That depends on several things. You may be far enough from population centers where you live currently in an outlying community or distant town and bugging out won’t be as important in the first few weeks or months as it is for someone who lives a lot closer to those desperate mobs of people.

Though even if you are in a relatively safe area, any number of events can take place that may make bugging out essential from day one.

Reason # 5 for Bugging Out

Nukes and or Dirty Bombs

Radioactive Fallout from Dirty Bombs or Nuclear Weapons – For a lot of people, that may be to escape the radioactive fallout from a nuclear weapon that has just decimated a major city within 50-100 miles and now a radioactive cloud is being carried in your direction by the prevailing winds.

Not a lot of people can claim they have a radioactive chemical mask for just such an occasion, yet it is a critical piece of survival gear for residents who live within 100 miles or so of a major city that one day may get nuked. At one time, there weren’t many places in the U.S. to purchase from. But with the growing concern of a nuclear conflict, a lot more are being sold in the U.S. and at reasonable or even low prices. Israel has long lived under a constant threat; a protective mask along these lines is standard fair for citizens (as well as knowing what to do in a nuclear or chemical emergency and access to bomb shelters throughout Israel.

It’s worth mentioning here: We need a lot more bomb shelters in the U.S., though several do exist across the United States often near state or city government buildings; check with your local municipality whether or not your area has a bomb shelter and who has access to it in a nuclear emergency; it might be for local officials only).

 

Should you get a chemical mask rated for nuclear protection?

Chemical masks are already well known in Israel as they live under a constant threat of chemical attack.

But even if years go without any attacks the threat will continue to remain. One day it might happen; it might happen to us as well. Better to have a protective gas mask close by and even in the trunk of your vehicle ‘just in case.’

Terrorist bombs major university; chemical weapons

This goes for students and teachers also. A small chemical bomb is an easy way for a homegrown terrorist to attack a local university. Police stations, government buildings, nightclubs, business districts, sporting events, and shopping malls are also at high risk for chemical bombs — or any kind of bombs for that matter.

I’m not talking about military scale bombs. The small-scale bombs I’m referring to are much easier to build and scatter around a local region. (I may have received good information that this is going to be a common danger in the months ahead; people are going to die; in other words, it’s going to start happening, and then continue to happen.)

Reason # 6 for Bugging Out

What if a nearby dam is destroyed?

An attack on Dams and Water Supplies – For others forced to bug out, it could be a dam that is destroyed a few miles away that is now flooding the entire valley where you live, sending hundreds of thousands of people on a sudden evacuation into the countryside and toward higher ground. Your city, shopping malls, and schools are suddenly gone — buried under flood waters.

Could a dam really be destroyed? That just depends on the size of the bomb and the desire of a terrorist or attacking government to inflict terror and mass casualties. Several dams could already be pinpointed on an attacker’s maps of cites to destroy in the first wave of an attack; several water reservoirs may have been poisoned by any number of highly toxic chemicals (though risk of this is said to be minimal — nothing is for sure though; what if the water is poisoned at a local treatment plant where a homegrown terrorist works full time?).

Some nukes can be delivered by truck or van

While some nukes could be small enough to fit in a vehicle (after being smuggled into the U.S.) and then driven to a major city and detonated (one of the Pentagon’s current fears), others may have been fired from a small boat or cargo ship offshore (one of New York City’s current fears and something that the Coast Guard is constantly monitoring for).

Nuclear danger from international flights

An even easier way to get a nuke into the U.S.? How about arming “China Air” with a nuclear bomb before it ever leaves China on a routine international flight and then finally detonating that bomb just as the airline is on its final approach and descending toward Los Angeles International Airport. In just a few seconds and a blinding flash of light:

Los Angeles … gone forever.

More nukes are streaking across the sky fired from missiles just off U.S. shores

Several nuclear-tipped missiles may shortly after streaking across the sky toward several destinations across the U.S., those near the coast will be the first destroyed.

Major dams … power plants … military bases … government buildings … business districts… possibly even toward the head offices for FEMA and Homeland Security. (If you want to make sure the U.S. doesn’t recover from a nuclear attack, don’t just bomb major cities — bomb our critical infrastructure and emergency responders.)

The more thorough an attacking enemy is with their plans, the more they can ensure that the United States of America never recovers.

That realization makes it that much more likely that the first wave of an attack will be more than just a first wave — it’s likely to seem like a flood. It will be catastrophic.

Expect disasters on a Biblical scale

Jesus said in Matthew 24: “As it was in the days of Noah, so it will be at the coming of the Son of Man…” But then in the Book of Peter, further in the Bible, we’re told “the end will come like a flood” and also told that the end judgments are reserved for “fire.” So it won’t be another flood of water that God uses to judge the world; we can expect something different. It’s going to be big. It’s going to be bad. It’s going to be ugly. Important questions are answered along the way: For example: Why is God going to judge the world for its evils? And … is there any way to escape it? (Yes, there is. Click on the link to learn how to get your life right with God today — before all Hell breaks loose. Because it’s coming. The time is short.)

Reason # 7 for Bugging Out

Bugging out may not be a choice — if you stay, you die

Get Out of Dodge – When it comes to bugging out (or bugging in, which basically means to “shelter in place”), the fact of the matter is this: Even if you could win a reward for “prepper” of the year, anything could happen that forces you to flee your home and preps and escape on a bug out into the hills or nearby wilderness. A sudden evacuation may be a matter of life or death — or imprisonment in a concentration camp of some sort run by some new governing power in the area.

In this case, it’s just you, your bug out bag, a good pair of boots, for a lot of people that includes firearms, along with everything you managed to pack into your backpack. If you have a family, they better have their bug out bags packed as well.

 

 

Please follow and like us:

Declining Economic Conditions Will Likely Make Society Turn In On Itself Even More Causing Suffering And Loss Of Life

It has been said that history may not repeat but it sometimes rhymes. Just as the generals always seen to fight the last war people seem to prepare for the last depression. Times change and the mechanism that leads to misfortune changes with it. Looking at the past may not give us the clear answer to how to deal with the future but it can help us to determine what might happen and how to deal with it when the time comes.

We always look at the last incident because that is what we know. The problem is that social and economic conditions are always changing and they have a major impact on how things unfold. When people hear that they should prepare for another great depression they immediately think about how people survived the last one and how events unfolded. That is a good starting point but things will not be exactly the same the next time.

In the 1930’s people did not posses specialized skills, they had general knowledge that allowed them to take any job that was available. Today people are skilled in one area and loss of employment in that area requires them to obtain skills to work in a new area. The jack of all trades has been replaced by the specialist so when job loss comes they have a more difficult time finding a new one.

In the 1930’s we had a deflationary depression and anyone holding cash and bonds were able to hold on to their wealth and banks were allowed to fail. The farmers suffered from a drop in commodity prices but taxes were low and most people that had land owned it free and clear allowing them to stay in place. Today we are more likely to have an inflationary depression due to the mandate to save the banks at all costs. Anyone trying to save their wealth in cash and bonds will get slaughtered in the paper assets they hold due to massive money printing.

In the 1930’s most people lived in rural areas and people worked to help their neighbors in difficult times. Most people had the skills to take care of themselves and their families until things got better. Today most people live in urban and suburban areas and society has been fragmented into militant groups that cannot work together even in good times. Declining economic conditions will likely make society turn in on itself even more causing suffering and loss of life. Most people have no idea how to care for themselves if the system breaks down.

 

In the 1930’s people were forced to find new employment due to job loss because there were no social safety nets to provide for them. In difficult times they were forced to look to family, friends and the church for help but most people felt they had failed if they asked for help. Today people losing a job have unemployment, welfare, food stamps and dozens of other services to provide for them if they have no job. Many have come to rely on these services and expect the government to provide for them as long as necessary. If these services ever end it will trigger a violent response by certain segments of society.

In the 1930’s a man out of work could sell apples on the street corner for a nickel to make money to support himself. In a future depression environment anyone attempting to make some money may be selling apples for five dollars each and will likely be arrested for vending without a license. Another difference today is that most people do not want to get their hands dirty so they will opt for government assistance rather than hard work.

When people lost jobs in the 1930’s they could look for many different types of jobs they could do and they were able to negotiate pay with business owners to get the job. The large number of unemployed allowed businesses to negotiate lower wages that allowed them to stay in business. Today minimum wage laws prevent business owners from cutting wages to stay in business which will cause business closures in difficult times. The closing of businesses is a self reinforcing loop that puts more and more people out of work as time goes on.

In the 1930’s the monetary system not only survived but cash was worth even more. The next depression will likely see the monetary system collapse and cash become worthless. This will likely lead to the creation of local currencies and barter among individuals. The attempt by bankers and governments to create new fiat currencies will likely be rejected to a large degree.

In the 1930’s most properties were owned by people that utilized the land themselves. The investor mentality of today will see the mortgage market collapse and the investors buying properties to flip lose it all. Some experts expect to see a 75% to 90% drop in land prices in the coming years.

Many of the things that allowed people to get through the last great depression will not save them this time. Social and economic conditions have changed and different methods will be required to get through the depression we are now entering. Where once cash and bonds were a safe haven gold and silver will, be now. The ability to negotiate wages is gone and wage laws will insure massive closings of businesses forcing people to become self employed to avoid the wage laws. Overall the standard of living will drop dramatically and most people today will not be prepared to accept it.

There are some things that are likely to be the same as before. Those who need help will once again need to turn to family and friends for help. Those that own land free and clear will be able to keep a roof over their head. Those that can supply their own needs will make out better than those dependant on others. Those with multiple job skills will make out better than those with no job skills. Those that can produce a product to sell will make out better than those in the service industry.

In order to learn from the past you must look at current trends and extrapolate where we are headed from here. It is not an exact science but those that pay attention to details will likely fare better than those that go blindly along their daily lives expecting things to always be the same.

Please follow and like us: