Wednesday, June 15, 2022

Then All At Once

 Ambushed,


  Today the Fed hiked interest rates by 0.75%, the biggest hike since Paul Volker was Chairman. That response-to-inflation is in the context of having bailed out the big banks and financial institutions with trillions of dollars, beginning in September of 2019, as Event 201 and other preparations were being made for a coronavirus pandemic. The pandemic allowed the Fed and other central banks to "go direct" with massive slush to big banks, as advised by Black Rock. This article, which I am re-posting goes into that reversal-of-order, which makes recent events so very clear, even today.
The pandemic-lockdown was cover for the bailout, and delayed the inevitable inflation.   

  Now, the inevitable-inflation is here, and it's not from paying factory workers too much. They have been progressively starved in "advanced economies", and their jobs moved to "developing economies" where workers get paid very little and pollution is still ok.
   Inflation is now caused by a supply shortage of stuff, as all of the credit-money created in recent years keeps filtering into the "real economy", trying to buy diesel, and computer chips, baby formula and tampons. Yes, there are supply chain problems, but it's always something. Prices of some commodity triple, then maybe drop later to just double. Money supply can be easily increased, but the material goods are in short supply, and keep getting bid-up.

  A contrived "reason" for this is up and fully operational now. WAR! Shortages of fuel, food and manufactured goods are either due to Putin, or to sanctioning-Putin, or due to non-compliance with Russian sanctions. Creating an artificial shortage of Russian oil (for sanctions-participants) leads directly to a black-market in Russian oil, after it passes through Chinese tankers and Indian refineries, then back to the EU and US.

  Once again, a created-emergency has allowed for emergency-measures to make a problem acutely worse, but in a way that can be modulated by backing off and "cheating". This allows for "control" of the situation by the controllers. It's what they do.
  So the economy will never be what it used to be. I postulate that global industrial economy is in terminal decline because of high costs of hierarchy, parasitic owners, increasingly expensive oil and ores, pollution of all kinds and growing bureaucracies everywhere.

  On the positive side, there is more than enough of everything to supply everybody's actual human needs.
On the negative side, the system is designed to create scarcity, not meet all needs, and to bid up the prices for meeting any needs, 
then directing the excess payments as profit to the "owners". It is a most sophisticated, broadly-instituted global system.

  The last adjustments to this system were instituted through World Wars 1 & 2, and during the postwar Bretton-Woods financial regime, during the cold-war.
Despite the vast creation of credit-money provided directly to the biggest financial institutions, the system still has a lot of gas. The $US losing value is not acceptable, especially with the gold & oil backed Ruble making such a surprisingly good showing, and all of the talk about a new Eurasian trade currency, backed by commodities, about to be unveiled.

  To keep the demand high for $US, the credit has to be called-in. Interest rates in dollars are going up-up-up, so it is doing better than other currencies. Dollars being lent are going down-down-down, but $US loans still need to be serviced with $US, so $US is in high demand. This tightening of credit conditions is hitting speculative investments ("risk assets") harder and harder, and that is one price for supporting the system. Companies may finally start going bankrupt, and real estate loans will be defaulted upon. Financial institutions, having made trillions in the crisis, will buy up real things for pennies on the dollar, yet again. 

  There is no alternative, right? Loans have to be paid in $US or the lenders take your lithium mine, or oil wells and starve your country so people riot for food.
Some say that there will soon be an alternative. That Russia, China, India, Iran, Turkey, maybe Brazil and a lot of little countries are about to release an alternative global trade currency, but it won't buy Boeings or Patriot missiles. This bloc of countries will recognize nationalization of mines and oil wells, and will not ding a credit-score for defaulting on $US debts.

  This is all still "planned", still hypothetical. I'm on pins and needles...


Ukraine War Update: The "great walkback" continues as US/NATO say "it's all up to Ukraine" what to do, but Zelensky knows the literal daggers are drawn for him, and he has to keep the soldiers dying in the same trenches to the "last Ukrainian". Dmitry Medvedev trolls the west a little, very diplomatically, really.

This seems just like Mariupol. Please jump to the ending.
Up to 1,200 civilians held at Azot plant in Severodonetsk — LPR
About 127 of them are children

The Russians do not have the death penalty. Donetsk and Luhansk do have it. I suspect the Russians will make quiet deals. 
(Where is that Canadian general these days?)
  The Russian military has captured two US mercenaries who were fighting in the ranks of Kiev forces near Ukraine’s Kharkiv city

Robert Drueke, 39, and Andy Huynh, 27, were captured while fighting for the Ukrainian army last week
The pair were part of a ten-men squad which encountered Russian forces in Kharkiv
They disabled a Russian tank but then were lost in the fog of return fire then disappeared, comrades say
Drueke served in Iraq in the US Army but Huynh, a former Marine, has never been in active combat before​  

​Not afraid of the big northern neighbor?  
Mexico condemns Western policy on Ukraine
Funneling weapons into an active warzone is ‘immoral,’ Mexico's president said


Dmitry Medvedev trolls EU/US/NATO rather stylishly:
"We are eagerly expecting yet another package of European sanctions and great sanctions solutions by Grandfather Joe [US President Joe Biden] over which the authors of these very sanctions immediately begin to come up with schemes to circumvent them,"

​ India wins. Russia wins  Europe loses. Who has "firsties" now? Will India still get Russian oil for $70/bbl when all of this is over?
  Despite Western demands to halt its purchase of Russian oil, a Helsinki-based research agency has found that India bought 18% of all the crude Russia exported in May, up from 1% before the military operation in Ukraine began. Discounts has ensured that New Delhi will not follow the path of sanctions, especially as Indian refiners are extremely satisfied...
..Although CRECA found that Russian crude oil imports into the European Union fell by 18% in May, “this reduction was taken up by India and the United Arab Emirates, leading to no net change in Russia’s crude oil export volumes.”

Nicaragua letting Russian troops in for humanitarian operations and crime-fighting is nothing new, according to this. It's a routine re-upping of the status quo. Lots of other militaries, including the US are on that list. Much ado about nothing. Daniel Ortega got elected again last December. The US still hates Ortega...
Nicaragua authorizes entry of Russian troops, navy ships, warplanes

WASHINGTON (Sputnik) - The United States has targeted another 93 individuals with visa restrictions related to actions allegedly undermining Nicaragua’s democracy, Secretary of State Antony Blinken said on Monday.

Date of Russia-Africa summit being discussed, Kremlin aide says
President Vladimir Putin’s recent talks with the president of Senegal were of special significance, as the country is presiding at the African Union

Ethiopia could plug into the prospective international payment system analogous to SWIFT which Russia is currently negotiating with Turkey, India and other countries, to facilitate transactions in national currencies, Ethiopian Ambassador to Russia Alemayehu Tegenu Aargau told Sputnik on Tuesday.

​Charles Hugh Smith:What happens when the workforce no longer wants to work? We're about to find out. 
  As with all cultural sea changes, macro statistics don't tell the full story. The sea change is better illuminated by anecdotal evidence: workers constantly quitting to take better jobs; zero loyalty to corporate employers; workers cutting hours from full-time to part-time; workers going out for lunch and never coming back; workers giving up on selling sugar-water for the rest of their lives (echoing Steve Jobs' famous challenge to John Scully: "Do you want to sell sugared water for the rest of your life? Or do you want to come with me and change the world?") and giving up on owning an insanely over-valued house.
  Workers may sell sugar-water but their hearts are no longer in it. Some are interested in changing the world, and others are interested in changing their own lives as the means to change the world.

"It can't happen here... 
 People who have arrived in Zhengzhou to withdraw money from embattled regional banks said they have found their health codes turn red — a label mostly reserved for potential COVID-19 carriers or those infected with the virus — after arriving in Henan province’s provincial capital, prohibiting them from accessing transportation networks, public services, and even going to the banks to lodge their grievances.

Daniel Horowitz: How is this ethical? Pfizer’s own trial shows 1/71 babies experienced severe adverse events from shot with no discernable benefit
..the entire premise of pursuing kids as candidates for these COVID shots at this juncture in the pandemic is illogical and unethical....Most kids already had the virus. According to the CDC, already in February, 74.2%....​ The vaccine is for an extinct variant, and even VRBPAC member vaccinologist Dr. Paul Offit admits that vaccinating for the original strain during the circulation of Omicron variants runs the risk of harming the immune system with original antigenic sin and making it harder for them to fight the virus...​  ​
Kids were never at a meaningful level of risk from this virus, yet they are at the highest risk for the known heart ailments from the shots.

  UK data shows novel vaccine products universally increased incidence of catching COVID (after 6 months), worse with "boosters" and US data show immunosuppression and AIDS-defining infections and cancers. 

  The WHO wants to rename monkeypox to something that won't offend anybody. 
(Monkeys are not a "race", comrades.)   Then there is this.(Remember AIDS?)
 “In this (UK Government) data, 151 of the 152 men interviewed identified as gay, bisexual and other men who have sex with men (GBMSM), or reported same sex contact, and the remaining individual declined to disclose this information.”  ...                                                   
..
Despite monkeypox cases being overwhelmingly gay men, some critics have suggested that encouragement by health authorities for gay men who suspect they may have caught the virus to refrain from having sex is “homophobic” and a form of “stigmatization.”
  As we previously highlighted, the first monkeypox patient to go public revealed that he caught the virus from having gay sex with “around 10 new partners” after being deported from Dubai for testing positive for HIV.

  After 4 shots, Fauci is immunosuppressed, though he takes 6000 units of vitamin-D per day. I'm sure he remembers AIDS. He knows what to take.
Anthony Fauci Has COVID​  
  ​Fauci, who is fully vaccinated and twice boosted, is experiencing mild symptoms according to a Wednesday statement from the NIH.
"Dr. Fauci will isolate and continue to work from home," reads the statement, which adds "He has not recently been in close contact with President Biden or other senior government officials."

 Holter points out​:​
​  ​“We basically just went through a 40-year bull market on bonds where interest rates did nothing but go downward for 40 years...
That 40-year trend is now broken, and rates are headed higher.  It just so happens the system is more indebted than it has ever been on any ratio or any basis you want to look at.  What I am getting at is these higher interest rates are blowing up the debt bubble.”

​  ​Don’t expect the Fed to come in and save the day like it did in the last financial meltdown back in 2008 and 2009.
The Fed bailed out the economy when it started printing money like crazy and never stopped.  Holter says,
“The bottom line is the world’s financial system and, thus, real economies have been on life support since 2008.  
What people should understand is when the Fed says they are going to raise interest rates and they are going to shrink their balance sheet, that says they are pulling the plug out of the wall.  They are taking the system off life support.  The bottom line is the system cannot live without life support.
​  ​The Ponzi scheme cannot continue without new capital coming into the system.  
They are pulling the plug is what they are doing. . . . It’s game over.”​   
(For Rockefellers, Rothschilds and Soros, too?  Maybe not?)

​Invested in Vegetables
(Checking the fridge in kitchen under-construction)​


2 comments:

  1. Hey Doc!
    Continuing to watch things closely from my vantage point. Question - do you think Fauci really got 4 jabs? I wonder...
    Meanwhile, I just learned of a case where one was indeed jabbed x4 - got the Rona 2 weeks later. There are other such cases as well...
    Heartbroken for the babies.

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    Replies
    1. Did Fauci get 4 jabs? He may well have. Did he drink the Kool-Aid? i have taken it at face value, but he might not have taken real ones.
      The January 2020 spike protein "vaccine" protects against notheing, but does progressively weaken your immune system.
      Man, they have kept this story "alive" well into the graveyard, for some people.
      It looks most dreary for those credulous folks and their children.

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