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Economic Articles from 2020

A New World Monetary Order Is Coming

[Economic] [Politics]
A New World Monetary Order Is Coming
By Stefan Gleason
Posted November 23, 2020

great dangers to freedom in cashless societyThe global coronavirus pandemic has accelerated several troubling trends already in force. Among them are exponential debt growth, rising dependency on government, and scaled-up central bank interventions into markets and the economy.

Central bankers now appear poised to embark on their biggest power play ever.

Federal Reserve Chairman Jerome Powell, in coordination with the European Central Bank and International Monetary Fund (IMF), is preparing to roll out central bank digital currencies.

The next frontier of the Fed’s unlimited mandate could be “FedCoin” – a central bank digital currency. More…

Sugar and Spice and Everything Vice: the Empire’s Sin City of London

[Economic] [Social]
Sugar and Spice and Everything Vice: the Empire’s Sin City of London
By Cynthia Chung
Posted November 19, 2020

Wall St abd City of London greedThe 2008 crisis put in the spotlight the psychopathic level of greed, vice, apathy and short-sightedness from those who wanted to play into the City of London and Wall Street casino houses. Get rich quick and don’t care who you screw in the process, after all, at the end of the day you’re either a winner or a loser.

Since the general public tends to consist of decent people, there is a widespread difficulty in comprehending how entire economies of countries have been hijacked by these piranhas. That we have hit such a level of crime that even people’s hard earned pensions, education, health-care, housing etc. are all being gambled away… LEGALLY.

Looking upon investment bankers today, one is reminded of those sad addicts in the casino who are ruined and lose everything, except the difference is, they are given the option to sell their neighbour’s family into slavery to pay off their debt. More…

What the Great Reset Architects Don’t Want You To Understand About Economics

[Economic]
What the Great Reset Architects Don’t Want You To Understand About Economics
By Matthew Ehret
Posted November 16,2020

debt bomb It shouldn’t come as a surprise that the Vice President of the World Bank Carmen Reinhardt recently warned on October 15 that a new financial disaster looms ominously over the horizon with a vast sovereign default and a corporate debt default. Just in the past 6 months of bailouts unleashed by the blowout of the system induced by the Coronavirus lockdown, Reinhardt noted that the U.S. Federal Reserve created $3.4 Trillion out of thin air while it took 40 years to create $14 Trillion.

Meanwhile panicking economists are screaming in tandem that banks across Trans Atlantic must unleash ever more hyperinflationary quantitative easing which threatens to turn our money into toilet paper while at the same time acquiescing to infinite lockdowns in response to a disease which has the fatality levels of a common flu.

The fact of the oncoming collapse itself should not be a surprise- especially when one is reminded of the $1.5 quadrillion of derivatives which has taken over a world economy which generates a mere $80 trillion/year in measurable goods and trade. These nebulous bets on insurance on bets on collateralized debts known as derivatives didn’t even exist a few decades ago, and the fact is that no matter what the Federal Reserve and European Central Bank have attempted to do to stop a new rupture of this overextended casino bubble of an economy in recent months, nothing has worked. More…

There Is A Solution To Big Tech Censorship – But No Politician Will Touch it

[Politics] [Economic] [Media]
There Is A Solution To Big Tech Censorship – But No Politician Will Touch it
by Brandon Smith
Posted November 14, 2020

corporate censorshipIf you value freedom and the Bill of Rights, then this debate leaves us at an impasse. Both sides (perhaps conveniently) lead to a totalitarian outcome. The thing is, the publicly presented argument is a contrived one, a manipulated discussion that only presents two sides when there are more options to consider. The narrative is fixed, it is a farce.

The public has been led to believe that government and corporations are separate tools that can be used to keep each side in check. This is a lie. Big government and big corporations have always worked together while pretending to be disconnected, and this needs to stop if we are to ever defuse the political time bomb we now face.

To solve the social media censorship debacle we need to examine the very roots of corporations as entities. First, corporations as we know them today are a relatively new phenomenon. Adam Smith described the concept of a corporation as a “joint stock company” in his treatise ‘The Wealth Of Nations’, and stood against them as a threat to free market economics. He specifically outlined their history of monopoly and failure, and criticized their habit of avoiding responsibility for mistakes and crimes. More…

The Silver Stealers

[Economic]
The Silver Stealers
by Charles Savoie
Posted November 11, 2020

silver as a great equalizer,  is in dangerTed Butler, the most widely followed silver commentator, has often said to buy and hold physical, because that puts you beyond COMEX rule changes. That’s correct! However, there remains an immeasurably more insidious, far reaching entity that can change rules—Uncle Sam, and he’s tightly in the grasp of the same forces who’ve depressed silver for generations.

Uncle Sam nationalized gold and silver in the Franklin Roosevelt administration; this is subject to a repeat! Now that the price can’t be suppressed, what’s next? FORBID OWNERSHIP! You have hours for professional sports and TV talk shows; how about some time for your property rights, without which you can go broke? Whether the excuse cited is North Korea, the Middle East or other, the actual reason is to break us and prevent capital formation on our part! Please read and act on what follows— More…

The Fed Wants the Public to Know It Can Withhold Information Under an Executive Order and Defy Subpoenas from Courts and Congress

[Economic] [Justice]
The Fed Wants the Public to Know It Can Withhold Information Under an Executive Order and Defy Subpoenas from Courts and Congress
By Pam Martens and Russ Martens
Posted November 7, 2020

central bank secrecyThe United States is experiencing the worst pandemic since 1918. The U.S. economy is experiencing the worst economic crisis since the Great Depression of the 1930s. And the general public is attempting to vote in the most important presidential election of a lifetime with obstacles like fake ballot boxes, 5-hour wait lines, and destroyed mail-sorting machines.

What is the central bank of the United States, the Federal Reserve, doing with its free time at this critical moment? It’s rewriting its rules for responding to Freedom of Information Act (FOIA) requests from the public and media. More…

IMF Seizes on Pandemic to Pave Way for Privatization in 81 Countries

[Economic] [Social]
IMF Seizes on Pandemic to Pave Way for Privatization in 81 Countries
by Alan Macleod
Posted November 2, 2020

austerity for the masses, privatization for the richThe enormous economic dislocation caused by the COVID-19 pandemic offers a unique opportunity to fundamentally alter the structure of society, and the International Monetary Fund (IMF) is using the crisis to implement near-permanent austerity measures across the world.

76 of the 91 loans it has negotiated with 81 nations since the beginning of the worldwide pandemic in March have come attached with demands that countries adopt measures such as deep cuts to public services and pensions — measures that will undoubtedly entail privatization, wage freezes or cuts, or the firing of public sector workers like doctors, nurses, teachers and firefighters.

The principal cheerleader for neoliberal austerity measures across the globe for decades, the IMF has recently (quietly) begun admitting that these policies have not worked and generally make problems like poverty, uneven development, and inequality even worse. Furthermore, they have also failed even to bring the promised economic growth that was meant to counteract these negative effects. In 2016, it described its own policies as “oversold” and earlier summed up its experiments in Latin America as “all pain, no gain.” Thus, its own reports explicitly state its policies do not work. More…

The LEAST Important Election Of Our Lifetimes

[Economic] [Political]
The LEAST Important Election Of Our Lifetimes
by John Rubino
Posted November 1, 2020

election will make little differenceA consensus seems to have formed on both left and right that the upcoming presidential election involves some literally existential questions, making it THE MOST IMPORTANT ELECTION OF OUR LIFETIMES.

In fact, the opposite is true. This election is the least important of the past 30 years and very possibly the least important ever. Because, to put it bluntly, we’re kind of screwed either way.

The coming financial crisis of course. The pandemic turbocharged a process of hyper-financialization that was already underway, and now whoever is in charge next will have no choice but to keep bailing out everything in sight with tens of trillions of newly created dollars.

This will shift the pressure from bankrupt states and insolvent companies to the currency. Prices will start to rise as the dollar falls. And the fears of today’s voters will seem in retrospect like quaint fantasies from a simpler and embarrassingly naïve time. Let’s consider some of those supposedly existential threats: More…

Deflation of the Citizenry’s Hard Assets Will Be a Huge Buying Opportunity for Insider Power Elites

[Economic]
Deflation of the Citizenry’s Hard Assets Will Be a Huge Buying Opportunity for Insider Power Elites
by Zeus Yiamouyiannis
Posted October 24, 2020

billionaires are devouring people and the planetThe gravy train will have to stop at some point, but right now the global elites have pushed their chips on to the U.S. dollar and stocks.

I believe there will be a massive contraction/deflation in the near term in certain sectors of the U.S. and world economy as demand flees from commercial real estate, as jobs do not come back full force, small businesses close down, and/or people migrate to home offices. Demand for residential real estate will also likely contract in the short term as people are forced to go into living with family or shared housing. Even with the money-pump operating at full speed, flooding the market with cash (which should cause inflation), there will be an opposite effect for the ordinary person.

Why? There are tons of people with no actual money to buy up, lease, or rent real estate assets. Cash and borrowing collateral is tilted so much to super-wealthy, that the vast majority of people will not have access to cash to invest in real estate and other durable goods. Far fewer ACTUAL PEOPLE can pursue certain goods even if the SYSTEM is flooded with cash. It’s not in their pockets! More…

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Quotable Sayings

nothing can stop a determined soulThere is no chance, no destiny, no fate that can circumvent or hinder or control the firm resolve of a determined soul.

Ella Wheeler Wilcox

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billionaires don't EARN money, they MAKE money

You do not become a billionaire through labor. You become a billionaire through inheritance, corruption or economic rents – or, in most cases, some mixture of all three.

Grace Blakeley

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same puppet master pulling strings on both sides

Mainstream American liberals think they’re clear-eyed because they can see the propaganda strings being pulled by Fox and Donald Trump, and mainstream American conservatives think they’re clear-eyed because they can see the propaganda strings being pulled by MSNBC and the Democrats, but the propaganda strings on both trace back to the same puppet master. And seeing that is just the beginning.

Caitlin Johnstone

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discover your infinite worth

You alone are the judge of your worth and your goal is to discover infinite worth in yourself, no matter what anyone else thinks.

Deepak Chopra

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main stream media propaganda

It is obvious that the US government is destroying Assange to signal to journalists the consequences of publishing information. It is therefore also obvious that any journalist who fails to use whatever platform they have to speak out against Assange’s persecution has no intention of ever publishing anything that the US government doesn’t want published. Their silence on or support for what is being done to this man can and should be taken as an admission that they are nothing other than state propagandists.

Caitlin Johnstone

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Britian's Orwellian tactics against Julian Assange

It’s quite fitting that the – imperially pre-determined – judicial fate of Julian Assange is being played out in Britain, the home of George Orwell.

Pepe Escobar

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More Quotable Sayings

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The Shocking Truth about Our Money System and How We Can Break Free!

This site is designed for people who wish to follow important events, but do not have time to do a lot of reading. If you follow this site for a period of time, the daily fresh stories in different categories will over time provide you with an understanding of the “big picture” by showing you both the problems and the solutions. Hopefully this will inspire you to listen to your inner wisdom and become part of the solution.