(Activist Post) When we recently described the upcoming “Unprecedented monetary overhaul” which will come in the form of the Fed sending out digital dollars directly to “each American”, we explained that:
economy
Stop Being So Optimistic about a Universal Basic Income
(Christopher England) On the topic of socialism, G.K. Chesterton once remarked, “I do not propose to prove … that socialism is a poison; it is enough if I maintain that it is a medicine and not a wine.” Chesterton’s point is that socialist reform proposals, even if they really do address an underlying economic crisis, should never be mistaken for true human flourishing, which always requires a substantial degree of self-sufficiency and independence. A man whose life depends on continual doses of strong medicine remains a sick man, and he cannot fully partake of the good things in life, such as drinking wine.
A New World Monetary Order Is Coming
(Stefan Gleason) The 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.
Bitcoin’s Sudden Acceptance As Global Finance Changes
(Neenah Payne) In the October 19, 2020 video The Bitcoin Life Raft: The End of Monetary & Fiscal Policy As We Know It Raoul Pal, CEO and Co-Founder of Real Vision, discusses the end of the US dollar and the growing shift to digital currencies by Facebook, governments, and global institutions to address the escalating financial crises. Pal says that Central Bank Digital Currencies (CBDCs) will be game changers. He believes they will be rolled out over the next three years and after mass adoption in five years, there will be no cash. However, Pal explains that while the CBDCs will solve several important problems, they will also force people to give up their privacy and freedom. He shows that CBDCs will also be a threat to your savings.
Figures Don’t Lie, But Liars Figure: Unemployment Figures Dramatically Favor Republican-Led States
(Ned Barnett) August’s unemployment figures, just released by the Bureau of Labor Statistics, paint a remarkably consistent picture that correlates – almost uncannily – between low unemployment rates in states led by Republican governors and high unemployment rates in states led by Democratic governors. Drawing national conclusions from the unemployment statistics for all fifty states, those Republican-led states that have tried to follow President Trump’s lead in reopening America are doing much better in terms of unemployment than are states likely to support Biden in November. Former Vice President Biden, while repeatedly complaining about President Trump’s actions in fighting COVID, has yet to articulate a coherent COVID policy.
New WHO Data Reveals Coronavirus Less Lethal than Last Three Major US Pandemics — And they Destroyed the Economy for This
(Jim Hoft) On March 17, 2020 The Gateway Pundit first reported on the controversial Ethiopian politician and Director General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, and his irresponsible and completely inaccurate fear mongering.
Leaked Memos: Telecom Employees Want to Stop 5G Deployment Based on Health and Economic Concerns
(B.N. Frank) There has been so much controversy, opposition, and international action taken AGAINST 5G deployment that it’s been the subject of Dilbert comic strips. According to leaked memos, employees at one French telecom company are asking their employer stop deployment.
Even Their Wealth Is Fake — Vox Day
(Vox Day) The reason all those “rich” people like Bill Gates aren’t leaving any money to their children is because it isn’t theirs.
The ‘Great Reset’ Is Coming “They” Aren’t Hidding Anymore
(Steven Guinness) A few weeks after the World Economic Forum launched their ‘Great Reset‘ initiative, it was followed up with the release of a new book titled, ‘Covid-19: The Great Reset‘, authored by the executive chairman of the WEF, Klaus Schwab, and Senior Director of the Global Risk Network at the institution, Thierry Malleret.
How Marx Failed
(Wen Wryte) Amid all the hysterical grievance-mongering we hear today from the radical progressive liberal-Left, the specter of Marxism is barely concealed. The surface veneer of ‘oppression’ outrage is an imperfect disguise for the rhetoric of anti-capitalism. The message is always the same and is still a lie: that capitalism is the cause of the world’s misery and the reason why poverty exists.
Economy Booms As Unemployment Rate Drops To Single Digits; Dow Futures Soar
(Ryan Saavedra) The U.S. economy is roaring back during the home stretch of the 2020 presidential campaign as nearly 1.4 million new jobs were added in August and the unemployment rate dropped to single digits.
HOW IS THIS STILL SECRET?! Confessions of an Economic Hitman: Evil Secrets of the Federal Reserve (Video)
HOW IS THIS STILL SECRET?! Confessions of an Economic Hitman: Evil Secrets of the Federal Reserve (Video)
Delinquent FHA Mortgages Soar By Record 60% To All Time High, As Homeowner Budgets Implode
(Activist Post) Last month we quoted from Wolf Richter to remind readers of something we discussed several months ago when we went over the details of the forbearance process and why so many banks have chosen to use it instead of rushing to admit their balance sheets are hammered with a record surge in delinquencies and defaults. As a reminder, “mortgages that are in forbearance and have not missed a payment before going into forbearance don’t count as delinquent. They’re reported as ‘current.’ And 8.2% of all mortgages in the US, some 4.1 million loans, are currently in forbearance according to the Mortgage Bankers Association. But if they did not miss a payment before entering forbearance, they don’t count in the suddenly spiking delinquency data.”
Soros Reveals How He’s Invested Amid “Fed Liquidity Bubble”; Says Trump “Very Dangerous”
(Zero Hedge) Billionaire financier and political puppeteer George Soros says he’s no longer invested in financial markets – admitting to Italy’s La Repubblica that we’re caught in a bubble fueled by Fed liquidity, and that ever since he shared his methodology in his book, “Alchemy of Finance,” he no longer has an advantage.
The American Revolution: When the Bankers Destroyed the Economy – History Repeating Itself?
(William Guy Carr) In order to understand how men who obtained control of the Bank of England, and the British National Debt, also obtained control of the trade and commerce, and the monetary system of Britain’s American colonies, it will be sufficient if we pick up the threads of the story at the time Benjamin Franklin (1706-1790) went over to England to represent the interests of the men who had been associated with him in building up the prosperity of the American Colonies.