An old joke about economists has one posed a question; “How has the French revolution affected world economic growth?” The economists answered; “Too early to say” (lol). Well, it is not too early to say how covid affected global growth. It made the rich much, much richer and it is creating a new slave class.
The Great Interruption A Shortage Of Everything
Largest margin call ever, negative interest rates in the US and another ship runs aground blocking a river in the UK all the while eyes were diverted to the Suez.
An old friend reappears…Gregory Mannarino…..not because of his financial advice but because I like the cut of his jib. His financial advice is usual sound even what he says about BitCoin which has made a lot of people big profits. My objection to BitCoin is that it is an operation to suck in all the players and I think it is for that reason that the price of gold is being suppressed. As I have said before it is not my intention to offer financial advice but I like to follow what is happening because mammon rules the world. Gregory is entirely correct in what he says about the Central Banks and the Federal Reserve.
IMF Silently Creates New Money Layer, Why You Need to Leave the Banks: Willem Middelkoop
This was actually very informative -recommended viewing.
The International Monetary Fund’s special drawing right (SDR) – the international reserve asset created in 1969 to prepare for a new dollar crisis – is undergoing a renaissance with important worldwide repercussions says Willem Middelkoop, author of the Big Reset. “The announcement of the largest-ever increase in SDR allocations, which will greatly improve the liquidity of many developing nations, signals alignment between the US and China in a key area of global monetary power,” he tells our Daniela Cambone.
Ron Paul: Gold and Bitcoin are at risk of government crackdown (Pt. 1/2)
The best way to protect against economic turbulence is with hard assets like precious metals and real estate, but even these are under threat from the government, former Congressman and host of The Liberty Report, Ron Paul, tells Michelle Makori. “The government is a threat,” Paul said. “They will crackdown because they have the ability to do it. We had a taste of [a free society]. If you don’t know where to start, just start with the Constitution, that might give you an idea of what a free society is all about.” Paul noted that this “crackdown” could take the form of taxes.
Are central banks a force for good? This video (which is rather long but worthwhile) explains the rise and stagnation of post-war Japan. “Princes of the Yen: Central Banks and the Transformation of the Economy” 『円の支配者』reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this.
Based on a book by Professor Richard Werner, a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%. The film uncovers the real cause of this extraordinary period in recent Japanese history.
Making extensive use of archival footage and TV appearances of Richard Werner from the time, the viewer is guided to a new understanding of what makes the world tick. And discovers that what happened in Japan almost 25 years ago is again repeating itself in Europe. To understand how, why and by whom, watch this film.
“Princes of the Yen” is an unprecedented challenge to today’s dominant ideological belief system, and the control levers that underpin it. Piece by piece, reality is deconstructed to reveal the world as it is, not as those in power would like us to believe that it is.
“Because only power that is hidden is power that endures.”
Starve the Beast
Stop feeding the beast.
1. Where possible, reduce your own debt (frugal living) 2. Move your account to a building society or credit union (only deposit what you need and use cash) 3. Buy local, from small companies so they have to borrow less 4. Precious metals for savings 5. Share this video on social media