It is my understanding (and I believe it is true) that the Chinese Communist Party (CCP) and the WEF
are both working behind the scenes with Banks, Financiers, and International corporations to crash the U.S. economy. If the European economy is also crashed in the process, this is also viewed by these powers as helpful to their causes. The CCP wants to wreck the U.S. economy and achieve worldwide economic domination. The WEF wants to crash the economy to set up the "Great Reset" to enslave the Western world ostensibly in order to protect it from imminent climate disaster, and to empower its already wealthy and powerful constituents. Many poliiticians, including the U.S. President have been persuaded of the need to wreck the economy to save the world from the imagined imminent climate disaster. The Government and the Fed, which is always protecting the central banks, are likely to benefit from a weaker economy, as it will cancel out a lot of the national debt through inflation. With so many forces aligned to bring about economic melt-down, it seems only a matter of how and when, but not whether the economy will implode.
Joel when currencies collapse as they already are where you live and all currencies are collapsing under the almighty "In God We Trust" greenback .. so what happens when the USD$ collapses ?
I can remember buying a pound of butter for a pound of gold or half kilo of meat for 1 kilo of silver .. and we felt lucky to be able to get it to fight starvation .. are we going that far again?
In my (Gen X) generation I cannot imagine a pound for pound situation or 1/2 kilo for kilo that you mention. The fact that it’s hardly conceivable doesn’t make it impossible but surely that’s the time blood runs on the streets? I’m thinking war times, genocide times, that kind of thing. Provided they can hold the economy together, even a hard landing would not be that extreme.
sadly from 8th May 1945 till June 19488 Europe had 3 of the coldest winters on record .. every thing was scarce and if you got caught cutting down a tree you were shot on the spot ..
all the Pet's became food and we ate grass that my Omi called spinach .. the trick question for dementia in Berlin aged care homes is "when did WW2 start .. answer 8th of May 1945 which is when the Russian arrived while Ike & Patton sat on the other side of the Elbe and waited for the Russians to have their victory vengeance .. only then did the water power food and civilised human behaviour end and we descended into hell from which there was no escape till the allies (French Brits Yanks) came and pushed the Russian back but by then all the females and young boys had been raped and abused so we have some fear of Russians .. so everyone celebrates the 8th of May as the end of WW2 but for many it was the beginning of Armageddon and everything of value disappeared like pearls before swine nothing was worth anything ..
Incredible, actually, very credible - I remember reading somewhere stories about the advances made during the Russian campaigns and how villages were pillaged as mostly only women and children had remained. Scary stuff indeed.
just sad that after all the human life that was sacrificed Stalin and his gang, where the ones who got away without any pain in this life .. can only hope that there is an after life and that they are still burning some where in the universe and that his followers (Putin) will be soon eliminated .. but perhaps what goes around comes around ?
hopefully all eventually get what’s due to them. What was it Bill Bonner used to write... ah yes: you don’t usually get what you want but you get what you deserve
“Bull in China Shop”, that horse made me a killing many years ago! That has nothing to do with anything, but like the guy said, I know a thing or two about a thing or two! 😂
J Powell is a “bull in a china shop” and if scales up twice over, he is going to crush, devastate, pulverize, destroy, and obliterate the US economy. There will be nothing left, zero, zilch, nada,to buy and hold. Everything will come to a screeching halt, then nothing else will happen and civilization continues as usual because this scenario already exists elsewhere. 😂
Hi Joel; Is Rogue Economics still supposed to be charging me $85.00 for there service since you all went on your own? Thank You! It just was charged to my account today.
Any idea about the composition of your readership?
How many US residents
How many “ Internationals “
Just wondering why BPR is almost exclusively focused on “ The Fed”
with the boss hardly ever in the US and two ( foreigners) out of four living in the UK and Argentina but think they can feel the pulse of what’s going on in the US 😒
I live in Switzerland and have been in finance since 1979 , since then I understood that a decision taken in Washington was more important that I decision taken by Bern , for the country I was living in . And that stand for a lot of country till now ... till one day .... no more
It is my understanding (and I believe it is true) that the Chinese Communist Party (CCP) and the WEF
are both working behind the scenes with Banks, Financiers, and International corporations to crash the U.S. economy. If the European economy is also crashed in the process, this is also viewed by these powers as helpful to their causes. The CCP wants to wreck the U.S. economy and achieve worldwide economic domination. The WEF wants to crash the economy to set up the "Great Reset" to enslave the Western world ostensibly in order to protect it from imminent climate disaster, and to empower its already wealthy and powerful constituents. Many poliiticians, including the U.S. President have been persuaded of the need to wreck the economy to save the world from the imagined imminent climate disaster. The Government and the Fed, which is always protecting the central banks, are likely to benefit from a weaker economy, as it will cancel out a lot of the national debt through inflation. With so many forces aligned to bring about economic melt-down, it seems only a matter of how and when, but not whether the economy will implode.
Joel when currencies collapse as they already are where you live and all currencies are collapsing under the almighty "In God We Trust" greenback .. so what happens when the USD$ collapses ?
I can remember buying a pound of butter for a pound of gold or half kilo of meat for 1 kilo of silver .. and we felt lucky to be able to get it to fight starvation .. are we going that far again?
In my (Gen X) generation I cannot imagine a pound for pound situation or 1/2 kilo for kilo that you mention. The fact that it’s hardly conceivable doesn’t make it impossible but surely that’s the time blood runs on the streets? I’m thinking war times, genocide times, that kind of thing. Provided they can hold the economy together, even a hard landing would not be that extreme.
sadly from 8th May 1945 till June 19488 Europe had 3 of the coldest winters on record .. every thing was scarce and if you got caught cutting down a tree you were shot on the spot ..
all the Pet's became food and we ate grass that my Omi called spinach .. the trick question for dementia in Berlin aged care homes is "when did WW2 start .. answer 8th of May 1945 which is when the Russian arrived while Ike & Patton sat on the other side of the Elbe and waited for the Russians to have their victory vengeance .. only then did the water power food and civilised human behaviour end and we descended into hell from which there was no escape till the allies (French Brits Yanks) came and pushed the Russian back but by then all the females and young boys had been raped and abused so we have some fear of Russians .. so everyone celebrates the 8th of May as the end of WW2 but for many it was the beginning of Armageddon and everything of value disappeared like pearls before swine nothing was worth anything ..
Incredible, actually, very credible - I remember reading somewhere stories about the advances made during the Russian campaigns and how villages were pillaged as mostly only women and children had remained. Scary stuff indeed.
just sad that after all the human life that was sacrificed Stalin and his gang, where the ones who got away without any pain in this life .. can only hope that there is an after life and that they are still burning some where in the universe and that his followers (Putin) will be soon eliminated .. but perhaps what goes around comes around ?
hopefully all eventually get what’s due to them. What was it Bill Bonner used to write... ah yes: you don’t usually get what you want but you get what you deserve
“Bull in China Shop”, that horse made me a killing many years ago! That has nothing to do with anything, but like the guy said, I know a thing or two about a thing or two! 😂
J Powell is a “bull in a china shop” and if scales up twice over, he is going to crush, devastate, pulverize, destroy, and obliterate the US economy. There will be nothing left, zero, zilch, nada,to buy and hold. Everything will come to a screeching halt, then nothing else will happen and civilization continues as usual because this scenario already exists elsewhere. 😂
Hi Joel; Is Rogue Economics still supposed to be charging me $85.00 for there service since you all went on your own? Thank You! It just was charged to my account today.
Allen Sanow
Joel
Any idea about the composition of your readership?
How many US residents
How many “ Internationals “
Just wondering why BPR is almost exclusively focused on “ The Fed”
with the boss hardly ever in the US and two ( foreigners) out of four living in the UK and Argentina but think they can feel the pulse of what’s going on in the US 😒
I live in Switzerland and have been in finance since 1979 , since then I understood that a decision taken in Washington was more important that I decision taken by Bern , for the country I was living in . And that stand for a lot of country till now ... till one day .... no more
Feel the pulse...your funny