Globalist Driven Economic Armageddon

Globalist-Driven Economic Armageddon

patriot-post

“Politicians have lately been rewriting a rule in place since 3,000 B.C.”

 

Arnold Ahlert

“Politicians playing by their own rules is an old story. But it should count as news that politicians have lately been rewriting a rule in place since 3,000 B.C. This rule of history is that savers deserve to be compensated when they loan money.”—from a Wall Street Journal column by James Freeman.

If there is a more ominous development than upending 5,000 years of basic economics — as in paying borrowers to borrow money — one is hard-pressed to imagine what it is. Yet five of the world’s central banks in Denmark, the EU, Sweden, Switzerland and Japan have negative interest rates, and Federal Reserve head Janet Yellin told Congress in February she “wouldn’t take those off the table.” Those rates are for institutional customers only. Or at least they were. Last month a German cooperative savings bank announced it would be charging negative 0.40% on retail customer deposit accounts — a.k.a. savings accounts — in excess of 100,000 euros beginning in September.

The theory behind this globalist-orchestrated insanity? To force banks to make loans they otherwise wouldn’t make, and to make borrowing so attractive that it jumps-starts an economy. Yet the risks associated with negative interest rates are enormous. Customers forced to pay for the “privilege” of a bank holding their money could withdraw it and stuff it under a mattress, drying up critical sources of revenue, and maybe engendering a bank run in the process. Or, if banks absorb the cost of negative rates themselves, profit margins between their lending and deposit rates will shrink, and might make them less willing to lend than they are right now.

Regardless, the so-called proof is in the pudding: it hasn’t worked. Notwithstanding, elitists have a “solution” for ordinary people who understand that cash paying no interest whatsoever is better than cash for which they’re getting charged.

“At present, if central banks try setting rates too far below zero, people will start bailing out into cash,” explains Harvard economics professor Kenneth Rogoff — one of many economists who have proposed the elimination of cash.

Even worse, these elitists paint its elimination as a good thing. They speak about getting rid of high denomination currency because doing so would decrease crime, money laundering, and tax evasion. Then there is convenience. “Electronic transactions facilitated by credit and debit cards and smartphone payments are frictionless, safer, and cheaper for society, proponents argue,” columnist Alexandra Mondalek writes. Sillier still? Cash is unhygienic, bulky, and a pain to obtain from ATM machines that also charge a fee for doing so.

The tradeoff? “Cash has a lot of virtues,” writes University of Tennessee law professor Glen Harlan Reynolds. “One of them is that it allows people to engage in voluntary transactions without the knowledge or permission of anyone else. Governments call this suspicious, but the rest of us call it something else: Freedom.”

And make no mistake: our freedom is in direct conflict with global elitist ambitions. Ambitions borne of sheer desperation.

It is desperation that begets a plethora of media-enabled lies, the foremost of which is America’s unemployment rate, currently pegged at 4.9%. That is known as the U-3 “official rate” of unemployment, courtesy of the Bureau of Labor Statistics (BLS). Yet the BLS also has a U-6 rate that includes people employed part time “for economic reasons,” and those only “marginally” attached to the labor force. That rate is 9.7%. Both rates omit “long-term discouraged workers” who were defined out of official existence in 1994. Add them to the mix and the unemployment rate hovers between 18% and 23%.

Zero Hedge’s Tyler Durden cuts through the elitist-driven disinformation campaign, noting the disturbing parallels between today’s economy and that of the Great Depression. In the last eight years our national debt, now at a staggering $19.51 trillion, has increased 94%. Eight years of FDR’s equally ineffective New Deal programs increased the national debt by 115%. FDR’s soup lines have been replaced by EBT cards, and 14-15% of Americans now need food stamps to survive.

Despite the media narrative about a workforce participation rate as low as 1978 levels representing thousands of retiring Baby Boomers, Durden reveals the percentage of those over 55 years old working “is at an all-time high, while the percentage of men 25 to 54 (prime working years) working is at an all-time low.”

Durden also eviscerates the elitists’ one remaining “false idol” as in a stock market that has increased 165% from its March 2009 bottom, noting the same stock market “soared by 260% between 1932 and 1937, making the current cyclical bull seem puny in comparison.”

Moreover, it benefitted precisely the same elitist class then as it does now — even as Main Street Americans remain on the outside looking in at our so-called economic recovery.

“However it ends, the deflating of the sovereign debt bubble may have us longing for the carefree days of the 2008 mortgage crisis,” Freeman warns. “Internationally tradable sovereign bonds amount to nearly $60 trillion … about six times the mortgage-debt outstanding for American homeowners. But these sovereign bonds are a mere fraction of the liabilities carried by the world’s governments. If you count political promises to support retirees, patients and others, the obligations are hundreds of trillions of dollars higher.”

Hundreds of trillions of dollars in liabilities run up by globalist elites who have no idea how to unwind them, save for one monumentally disastrous, “kick the can down the road” idea: create exponentially expanding piles of future debt to pay for current debt.

Unfortunately, most Americans have a difficult time understanding such economic concepts and their ultimate consequences. But they do understand this, courtesy of columnist Michael Gray:

“Do you see grocery stores closing? Do you see other retailers, like clothing stores and department stores, going out of business? Are there shuttered storefronts along your Main Street shopping district, where you bought a tool from the hardware store or dropped off your dry cleaning or bought fruits and vegetables? Are you making as much money annually as you did 10 years ago? Do you see homes in neighborhoods becoming run down as the residents either were foreclosed upon, or the owner lost his or her job so he or she can’t afford to cut the grass or paint the house? Did that same house where the Joneses once lived now become a rental property, where new people come to live every few months? Do you know one or two people who are looking for work? Maybe professionals, who you thought were safe in their jobs?”

This scenario is what exactly what Obama’s progressive, globalist economic policies, heartily supported by Hillary Clinton, have wrought. “[Donald Trump] has a great plan to lower taxes and cut red tape, thus creating jobs. But he almost never compares it to Clinton’s Obamanomics redux,” writes Fox News senior correspondent Charles Gasparino.

It’s about time he got started doing precisely that, loud and often. Despite all the distractions out there, James Carville’s assertion is as timely as ever: It’s still the economy, stupid.

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India Disrupting CPEC Plans, China Trying Diplomacy First

[PM Modi, Xi Jinping to meet on Sunday, may discuss China-Pakistan corridor]

[China-Pakistan Economic Corridor: Former PM lauds CPEC’s impact on country’s employment]

[44 Pakistanis have been killed in attacks on CPEC since 2014: Sources]

[A corridor of secrecy]

Political consensus essential for fully exploiting CPEC’s potential: China

the indian express

 

The Baloch activists, who have been protesting against the project, say that CPEC is causing much damage to the environment and would not benefit the people of the region.

By: ANI | Beijing

CPEC, China pakistan corridor, China pakistan economic corridor, Zheng Ziaosong, Pakistan People’s Party, news, China news, Pakistan news, latest news, world news, international news Considered a part of China’s One Belt, One Road initiative, the CPEC covers Balochistan and Sindh provinces and Pakistan-occupied Kashmir. (Source: Reuters photo)

Vice Minister of the International Department of the Communist Party of China, Zheng Ziaosong, has stressed that political consensus is essential for fully exploiting the potential of the China-Pakistan Economic Corridor (CPEC). Zheng made this remarks during his meeting with the visiting delegation of the Pakistan People’s Party (PPP) in Beijing.

“Political consensus coupled with unanimity in approach is essential to draw the maximum benefits from this mega project which is a game-changer for the region,” the Express Tribune quoted him as saying. Zheng was of the opinion that more than 50 countries will benefit from this $46 billion project.

Asserting that national unity is required, especially on projects like CPEC, he said, “In China there is one-party rule; however, in Pakistan, things are different. I don’t want to sound critical of the Pakistani political arrangement — I just want to imply that there are more chances of political division when there are multiple political parties.”

Meanwhile, PPP vice-president Senator Sherry Rehman, who is leading the delegation, responded that CPEC would be a valuable addition in the joint ventures taken by the two countries, adding the project will have far-reaching and positive implications for the region.

“Pakistan is fully committed in providing foolproof security to Chinese nationals in general and especially those who have been assigned to the CPEC,” she added. Considered a part of China’s One Belt, One Road initiative, the CPEC covers Balochistan and Sindh provinces and Pakistan-occupied Kashmir. The Baloch activists, who have been protesting against the project, say that CPEC is causing much damage to the environment and would not benefit the people of the region but alleged that Balochistan’s abundant resources are being diverted for Pakistan’s most populous province Punjab.

Some of the Things We Must Believe To Be A Part of Society

Fantastic Tales Americans Must Believe To Be Admitted to Polite Society

Americans have lost jobs and even been killed by their government because they were unwilling to at least appear to believe Fantastic Tales that couldn’t possibly be true. But we are rapidly approaching a transition period when we will be able to actually Tell the Truth in public.

The following is an example of a Fantastic Tale: On Tuesday June 4, 1968 Robert Kennedy won the California Democratic primary. We are told that Sirhan Sirhan was the lone assassin. Men and women in Polite Society are required to believe that Sirhan’s 8 shot 22 caliber revolver fired 13 times without reloading. Sirhan who was standing in front of RFK was able to fire five “Magic Bullets” that flew upward and over Kennedy’s head, went past him and then down sharply only to reverse course, travel downwards only to reverse course again and strike him from behind at an upward angle. Somehow the powder burns from these “Magic Bullets” followed their rather strange trajectory sufficiently so as to convince the Coroner that they had been fired only inches away from the likely 1968 Democratic Presidential nominee.

 

Another example: Michael Hastings had written an expose of Stanley McChrystal entitled The Runaway General for Rolling Stone magazine. More recently before his death he had written an expose of Bowe Bergdahl who had deserted and went over to the Taliban. President Obama had exchanged five high value prisoners for Bergdahl. Hastings was also working on an expose of the CIA. He went on the Young Turks TV show and said that investigative journalists ought to declare war on the Obama administration because they have declared war on us.

We are told that Hastings died accidentally after driving recklessly. There was more damage to the rear of his car than in the front which had hit a tree. University professors have shown how modern cars can be electronically hijacked and driven remotely at speeds of 100 mph. His Mercedes car engine was hurled 200 feet down the street at a sharp angle by an explosion. Hastings had contacted his friends and a lawyer to express his fears that the FBI was following him wherever he went.

We must believe that Americans are the Good Guys and that our enemies are the Bad People.

John Kiriakou was a CIA agent who blew the whistle on US government torture. Of all the people in the CIA torture program, Kiriakou was the only one to go to prison for it. And he was the one who revealed what was going wrong. He spent 2 years in prison. Bradley Manning revealed  a video of US helicopter pilots killing unarmed civilians and reporters. He is still in prison but those who deliberately target hospitals for attack are in fact running our government meaning our nation is led by war criminals.

We are supposed to be waging a war on drugs. But the Bush admin told its allies months before 911 that we were going to invade Afghanistan. The only reason to be there after 14 years seems to be the opium. The Global Hawk is a drone version of the U-2 spy plane. Later versions of the Global Hawk have a compartment capable of flying 3,000 pounds of opium past customs to American air bases from which they can be sent to America at a tremendous profit to the men who own the United States government.

Freeway Ricky Ross was seriously harmed by the public schools. If his school district had taught him to read, he could have won an athletic scholarship in tennis and become a school teacher if not a professional athlete. But he was illiterate and instead had to make hundred of millions of dollars selling cocaine. He says that a Hollywood movie glorifying black drug dealers gave him the impetus to choose crime as a career. Ross made connections with Nicaraguan drug dealers. He did not learn until the end of his criminal career that he was working for the CIA. He could have been released much sooner from prison if he had kept his mouth shut as he had been told.

Ross has pointed out that black people using crack cocaine on a first offense were being sentenced to ten years while whites using standard cocaine were given probation. There is no war against drugs but there is a War Against America. A young man killed 4 people but avoided jail because his expensive lawyer convinced the judge that his client had grown up without learning that rules applied to him. His parents were rich and had sheltered him from the consequences of his actions.

Hillary Clinton is a career criminal who has stolen billions of dollars from the people of Haiti and Africa. She has sold American foreign policy for cash and cannot even be indicted. It seems that in America only the poor and the middle class go to jail while everyone in  Washington or on Wall Street is immune from prosecution.

Americans are not allowed to believe in the laws of physics. On 9-11-2001 three buildings fell down at nearly free fall speed but only 2 of the 3 had been hit by airplanes. We had many witnesses amongst the janitorial staff and the building engineers that there were explosions in the sub-basements before the planes hit the World Trade Center Towers. It is sort of basic science that the fire does not start until you light the match. But on 9-11 we must believe that the jet and its fuel which were more than 30 seconds away from impact somehow caused explosions in the floors below the ground level.

We have seen videos of the plane fuel tanks exploding on impact with the Towers so there was not much fuel left in the planes to cause fires. But somehow the fuel was able to explode and  pulverize 440,000 cubic yards (336,404.14 cubic meters) of reinforced concrete from WTC Towers 1 and 2 turning them into dust.

The North and South Towers had 47 central core steel columns and 236 perimeter columns for a total of 283. For the buildings to fall straight down at nearly free fall speed all 283 connections from the columns to each of the 110 floors had to be cut within a second of each other. Keeping in mind open air fires cannot reach less than half of the temperature required to melt steel, how do you explain (2 X 110 X 283) 62,260 connections in the two Towers all being severed simultaneously by an office fire? Isn’t this a definition of a controlled demolition?

But we are required to believe the impossible.

Americans were taught lies sufficiently well to get them to enter WW I but after the war they became disillusioned when they learned the truth. America went to war so the Jews of Russia could turn that nation into a Communist dictatorship and Palestine could become a Jewish colony. Many wealthy Gentiles wanted war because they could make billions of dollars selling weapons.

After World War II, the people of Europe and America were told many lies about the Holohoax to maintain the prestige of liars. The International Red Cross had sent observers into all the German concentration camps including Auschwitz. They had unrestricted access to prisoners and had some of them report on conditions. There were no claims of gas chambers until after the war was over. And these were unbelievable.

The 1950 World Almanac using Jewish sources said there were 800,000 more Jews alive in 1950 than in 1940. The Jewish witnesses claimed they pulled bodies from the gas chambers 5 minutes after the last person had died inside. America had gas chambers in some states more than a decade after the war. If the Zionists had studied how Americans executed prisoners, they would have known that they had to first neutralize the cyanide gas as it is deadly. You cannot just walk into a room full of cyanide without gas masks and gloves and pull bodies out as the Jewish witnesses claimed. Opening the doors prior to neutralization would have killed everyone in the area. These are just fairy tales for children.

The world economy will collapse either before the November elections or soon after. The US could plunge into chaos when the Dollar Dies and the Nationwide Food Riots begin. We will no longer have a Polite Society. Impolite men and women will create new nations to replace those that had been in North America, Europe  and elsewhere.

We personally might not survive but what is coming our way but at least we will no longer have to believe fairy tales as the gospel truth.

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