I want to give a warning – It’s very easy in this situation to assume that Pelosi and even Biden are making these arguments because they are too stupid to grasp the fundamentals of debt creation, money velocity and fiat. That said, never mistake evil for mere ignorance.

Brandon Smith
March 17, 2022
The Stagflation Trap Will Lead To Universal Basic Income And Food Rationing
[Emphasis added.—Joe]

To begin with, the shitty, corrupt system that’s been in place since 1913, which is the ultimate Ponzi scheme- is finished.

In 2015 I listed several scenarios which could torpedo the dollar:

–China announces the yuan will be a gold-backed currency

–China announces they will no longer accept dollars for international commerce

–Saudi Arabia (now heavily backed by China) announces they will no longer accept dollars for oil

–China and Russia announce they’re dumping all US debt instruments

I was wrong; our leaders created a situation where bullets 2-4 have happened, or will soon.  And ironically enough, Russia just backed the ruble with gold, so bullet one is somewhat covered.

In short order, our phony leaders have basically forced China, Russia, India and even Pakistan to join up, and permanently yank the carpet from under the fiat-money banking system that the globalists base their power on.

No bullshit, that’s just the truth.

Capitalist Eric
March 31, 2022
Crash Positions
[Via Rolf on Gab.

Very grim. I wish I could refute his conclusions. Perhaps some economists could do that but the list of economists I don’t trust is much larger than the list I do trust.

Prepare appropriately.—Joe]

I think it’s important that people within the liberty movement and outside of the liberty movement start thinking about the scale of the crisis we are facing. It’s not just about economic disaster and adapting to the loss of supply chains and stable currencies; it’s not just about survival. It’s also about fighting back against the inevitable government response to the crisis. They will try to take advantage of people’s pain, and use it to lure those people into slavery. This cannot be allowed to happen.

Brandon Smith
March 17, 2022
The Stagflation Trap Will Lead To Universal Basic Income And Food Rationing
[Prepare appropriately.—Joe]

Consumer prices soared by the most in four decades in January, with inflation across the economy showing few signs of peaking even after months of increases.

The Consumer Price Index’s 7.5% annual surge at the start of 2022 was the biggest leap since 1982 and topped already elevated expectations for a 7.3% rise, based on Bloomberg consensus data. On a month-over-month basis, the CPI unexpectedly posted a 0.6% increase for a back-to-back month, whereas economists had been looking for a deceleration. Core inflation, which strips out volatile food and energy prices, also exceeded estimates, showing a 6.0% year-over-year jump in January.

The report served as one of the clearest affirmations that inflation — described as recently as November by the Federal Reserve as “transitory” — has become a persistent feature of the economic recovery.

Emily McCormick
February 10, 2022
What economists are saying about soaring inflation
[We live in interesting times.

Prepare appropriately.—Joe]

My position has always been that the Federal Reserve is not a banking institution on a mission to protect American financial interests. Rather, I believe the Fed is an ideological suicide bomber waiting to blow itself up and deliberately derail or destroy the American economy at the right moment. My position has also long been that the bankers would need a cover event to hide their calculated economic attack, otherwise they would take full blame for the resulting disaster.

Brandon Smith
December 4, 2021
Mainstream Economists Are Struggling To Hide The Incoming Economic Collapse
[There is a lot of good stuff in this article. This claim isn’t part of the good stuff.

If the claim were true then the creators of the Fed have been waiting over 100 years to detonate their bomb, right?

Or, I suppose, it could be the Fed has somewhat recently been taken over by the suicide bombers without a single defection from the conspirators or underlings.

Extraordinary claims need extraordinary evidence. I say there is far from sufficient evidence to support this claim.

It could be that past, present, and future actions will be mostly consistent with this hypothesis but have a different true intent. Sort of a like a lie that snowballs as the liar has to lie more and more to cover up the original lie. Then witnesses require silencing to hide the vast number of lies. The original lie wasn’t intended to result in murder, but that is where the slippery slope led. I could believe that sort of thing is what has happened.

Sometimes it’s too tempting to take the easy way out for the short term benefit when the long term consequences are murky. I believe that is far more likely than a “suicide bomber” conspiracy.—Joe]