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Is the United Kingdom on the Road to Economic Collapse?

Is the United Kingdom on the Road to Economic Collapse?

There’s trouble across the pond and it’s only going to get worse as winter quickly approaches.

While it’s most fashionable to talk about the dire economic situation currently taking place in the US, the situation in Europe is so much worse.

There are talks of massive energy bill hikes and even the lights literally going out across Europe. This is the product of the toxic combination of a misguided sanctions war against Russia and Europe’s decision to transition towards inefficient green energy sources.

As a result, folks across the pond are going to be in for a rough winter.

If you’re an America, you should feel safe knowing that our situation could be much worse…at least for now.

Now for residents of the United Kingdom, that’s a different story.

The UK is now facing inflation levels that haven’t been seen in decades. On top of that, energy and food prices have been soaring lately.

Liz Truss, the UK’s new prime minister, is now tasked with trying to get the country’s economic house in order.

Truss is currently proposing a plan to cut taxes (good), while raising spending (bad). It’s basically a moderate form of Keynesianism, which does not resolve any of the UK’s structural economic problems.

Instead of cutting spending and red tape, while also getting the UK’s monetary house in order, Truss’s new economic proposal worsens the country’s fiscal situation and will only further ignite inflation.

What’s taking place in the UK is not unique to the island. Most economies in the West are over-taxed, over-regulated, and feature central banks who have no regard for monetary restraint.

It’s small wonder why these countries are in such dire straits.

Will the UK be one of the first high-profile victims of the economic doom spiral engulfing the West?

Check out George Gammon’s most recent video on why there’s nothing but bad things coming to the island nation.

P.S. – The West is experiencing an existential economic crisis.

Greyerz – The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying

Greyerz – The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying

Greyerz – The US Economy Is Crashing But The Global Collapse Will Be Even More Terrifying

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that the US economy is crashing but the global collapse will be even more terrifying.

_____

“Everyone wants to live
at the expense of the
state. They forget
that the state wants
to live at the expense
of everyone.”
Frederic Bastiat

August 28 (King World News) – Egon von Greyerz, Founder of Matterhorn Asset Management (based in Switzerland):  Contrary to what the wisest men and women in the land have told us, the world has been hit by the most vicious bout of inflation. 

The “transitory” heads of the Fed and ECB clearly couldn’t recognise inflation until there was a scapegoat like Putin to blame it all on.

The fact that Powell, Lagarde and their predecessors had laid the perfect foundation not just for a small spell of price increases but for an unstoppable avalanche of global inflation, they were totally oblivious of.  

NEITHER COVID NOR PUTIN IS THE CAUSE OF INFLATION
Let’s be very clear. 

Covid didn’t create inflation.

Putin didn’t create inflation. 

No, inflation is the result of governments’ and central banks’ irresponsible and totally irrational policy of believing that prosperity can be created out of thin air.

They don’t understand or at least choose not to understand that reckless creation of fake money that has zero value CREATES ZERO WEALTH.

Money in itself has ZERO value. Money is just a derivative that derives its value as a medium of exchange through the production of goods and services. 

In simple terms, money that has derived value from anything but goods and services has ZERO value.

…click on the above link to read the rest of the article…

 

What Will An EU Economic Collapse Look Like?

What Will An EU Economic Collapse Look Like?

Why the World Economy Hasn’t Collapsed… Yet.

Dominos falling. Image credit: Charl Folscher via Unsplash

It has become more or less common sense that some sort of an economic meltdown is on the horizon. Inflation is soaring while consumers struggle to pay their bills around the world. Yet, despite all this, the world economy is still supposed to ‘grow’ this year… What is going on here? What is happening in the background?

Energy is everything

Before we unpack where we are headed, it is very important to understand the basics. Rule no.1: Energy is the most important input to our economy. In fact, energy is the economy. Without it our ‘machines become statues and our workforce turns into a corpse’. Contrary to modern beliefs though, it cannot be substituted: every energy source has it’s own place in the economy. Thus

energy price increases act like an additional tax burden: you have no other choice but to pay them, or go bust.

The problem is, at least for growth obsessed governments, that we have most probably reached peak oil extraction in 2018, and natural gas is about to be peaking soon. Any lost fossil fuel ‘production’ from this point (due to wars, accidents, embargoes, political turmoil and so on) will lead to further price hikes and volatility in all areas of our lives.

The problem is, for the rest of us, that we have built a civilization entirely on fossil fuels, and despite spending more then half a century on developing alternatives, like nuclear, solar and wind, we only fell deeper into our fossil fuel addiction. We are burning more fuel, and as a result, release more CO2 and methane year after year, with 2008/9 and Covid providing nothing but a short pause.

…click on the above link to read the rest of the article…

The Big Questions We Should All Be Asking Geopolitically

The Big Questions We Should All Be Asking Geopolitically

To say that current events are ‘messy’ today would be the height of understatement. Everyday the headlines blare at us some new set of contradictory data points convincing us of some lie that serves someone’s purpose.

No matter how hard we try to keep up with things, cutting out the extraneous to find the nuggets of signal from the jungle of noise is more than a full-time job.

Sometimes, however, it’s best to take a few steps back, fall back on first principles and remind ourselves who the players are, what they want and then ask the big question of each of them… are they succeeding?

But to even ask that question we have to ask ourselves honestly the following question:

“What will they be willing to do to survive under present circumstances?”

This is the most uncomfortable question you can ever ask anyone. What would you do to survive? To protect your family? Your position? Your conception of yourself?

Everyone’s morality has limits. Everyone. Everyone has a shadow, a dark side, a place where they retreat to their Hobbesian self and see the world purely in terms of ‘a war of all against all.’ Anyone who refuses to admit this to themselves is someone you should run screaming from.

Those that always claim the moral high ground, who are always “the goodies!” are those without limits on their behavior. As the great H.L. Mencken proclaimed nearly 70 years ago:

The urge to save humanity is almost always only a false-face for the urge to rule it. Power is what all messiahs really seek: not the chance to serve. This is true even of the pious brethren who carry the gospel to foreign parts.

…click on the above link to read the rest of the article…

German Chemical Giant Warns Of “Total Collapse” If Russian Gas Supply Cut

German Chemical Giant Warns Of “Total Collapse” If Russian Gas Supply Cut

CEO of Germany’s multinational BASF SE, the world’s largest chemical producer, has warned that curbing or cutting off energy imports from Russia would bring into doubt the continued existence of small and medium-sized energy companies, and further would likely spiral Germany into its most “catastrophic” economic crisis going back to the end of World War 2.

Company CEO Martin Brudermuller issued the words in an interview with Frankfurter Allgemeine newspaper just ahead of German officials by midweek giving an “early warning” to industries and the population of possible natural gas shortages, as Russia appears ready to firmly hold to Putin’s recent declaration that “unfriendly countries” must settle energy payments in rubles, related to the Ukraine crisis and resultant Western sanctions.

According to Bloomberg he mused that while “Germany could be independent from Russia gas in four to five years” it remains that “LNG imports cannot be increased quickly enough to replace all Russian gas flows in the short term.”

CEO of BASF Martin Brudermüller, file image

But in the meantime, Brudermuller described that “It’s not enough that we all turn down the heating by 2 degrees now” given that “Russia covers 55 percent of German natural gas consumption.” He emphasized that if Russian gas disappeared overnight, “many things would collapse here” – given that we would have high levels of unemployment, and many companies would go bankrupt. This would lead to irreversible damage.” He continued:

“To put it bluntly: This could bring the German economy into its worst crisis since the end of the Second World War and destroy our prosperity. For many small and medium-sized companies in particular, it could mean the end. We can’t risk that!”

…click on the above link to read the rest of the article…

Mainstream Economists Struggling to Hide the Incoming Economic Collapse

Alternative Economists Were Right, The Stagflation Crisis Is Here

Photo by Annie Spratt

For many years now there has been a contingent of alternative economists working diligently within the liberty movement to combat disinformation being spread by the mainstream media regarding America’s true economic condition. Our efforts have focused primarily on the continued devaluation of the dollar and the forced dependence on globalism that has outsourced and eliminated most U.S. manufacturing.

The problems of devaluation and stagflation have been present since 1916 when the Federal Reserve was officially formed and given power, but the true impetus for a currency collapse and the destruction of American buying power began in 2007-2008 when the Financial Crisis was used as an excuse to allow the Fed to create trillions upon trillions in stimulus dollars for well over a decade.

The mainstream media’s claim has always been that the Fed “saved” the U.S. from imminent collapse and that the central bankers are “heroes.” After all, stock markets have mostly skyrocketed since quantitative easing (QE) was introduced during the credit crash, and stock markets are a measure of economic health, right?

The devil’s bargain

Wrong.

Reality isn’t a mainstream media story. The U.S. economy isn’t the stock market.

All the Federal Reserve really accomplished was to forge a devil’s bargain: Trading one manageable deflationary crisis for at least one (possibly more) highly unmanageable inflationary crises down the road. Central banks kicked the can on the collapse, making it far worse in the process.

The U.S. economy in particular is extremely vulnerable now. Money created from thin air by the Fed was used to support failing banks and corporations, not just here in America, but around the world.

Why does it matter where those dollars came from?

…click on the above link to read the rest of the article…

The Future of the World Economy is Perma-Crisis

These Aren’t Shortages — They’re the Beginning of the Longest, Hardest Economic Collapse in History

Image Credit: 7News Screenshot

…click on the above link to read the rest of the article…

They Will Reap What They Sowed

THEY WILL REAP WHAT THEY SOWED

“Do not be deceived: God cannot be mocked. A man reaps what he sows. The one who sows to please his sinful nature, from that nature will reap destruction; the one who sows to please the Spirit, from the Spirit will reap eternal life. Let us not become weary in doing good, for at the proper time we will reap a harvest if we do not give up.” – Galations 6

US Using 15 Military Bases As Coronavirus Quarantine Locations

Via the CDC

“I have certain rules I live by. My first rule: I don’t believe anything the government tells me. Sooner or later the people in this country are going to realize: the government does not give a fuck about them. The government doesn’t care about you, or your children, or your rights, or your welfare, or your safety. It simply doesn’t give a fuck about you. It’s interested in its own power. That’s the only thing keeping it and expanding it wherever possible.” – George Carlin

In a previous article – Cascade of Consequences – I attempted to make the case the ruthless billionaire oligarchs and their bought off lackey whores in government, media, academia, corporations, the military industrial complex, sickcare industry, and  Federal Reserve have used this engineered covid pandemia to further consolidate and expand their wealth, power and control over a frightened, willfully ignorant, compliant populace. In the month since that article the “powers that be” have ramped up the fear, increased their coercive mandates, reinstated mask mandates, and instituted vaccine passports in liberal bastion cities across America.

I see these ham-handed authoritarian dictates as a sign of weakness and their false narrative falling apart. A sense of desperation wafts from the halls of power in DC, corporate executive suites, and left-wing media outlets on the coasts who have overplayed their tyrannical hand. Resistance is building among an irate minority of critical thinking individuals who follow George Carlin’s first rule.

…click on the above link to read the rest of the article…

Pandemic Phase Two

Klaus Schwab and his World Economic Forum are most likely preparing for the second punch following the manufactured COVID Pandemic. The second punch is his profound warning with simulations once again of a cyber attack that will take down the world economy. I find it curious how this man who thinks he can direct, control, and accelerate what he calls the Fourth Industrial Revolution and turn it GREEN, has also created his center for cybersecurity.

The World Economic Forum has already conducted a simulation of a cyberattack that brings the global financial system to its knees. Of course, just months before this manufactured pandemic, there too simulations were conducted on how to carry that one out. They appear to have timed their manufactured pandemic with the turn in the Economic Confidence Model. Our models have clearly shown that the crash of March 2020 was unprecedented and never before in history did such an event move that far in such a short period of time. It appears to have been a deliberate manipulation.

After years of trying to get me on board, perhaps this time they are simply realizing that they should time their events with the model to get the biggest bang for the bucks. Will they wait until next March of 2022? Or will they use our shorter-term array and target August-October? It was last November of 2020 when Schwab’s World Economic Forum teamed with the Carnegie Endowment for International Peace to put out phase II of this plan to force the world to accept his Great Reset. They co-produced a report which warned that the global financial system was now vulnerable to cyber-attacks.

…click on the above link to read the rest of the article…

We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before

We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before

For a very long time we have been warned that a U.S. economic collapse was inevitably coming, and now it is here.  Fear of COVID-19 and unprecedented civil unrest in our major cities have combined to plunge us into a historic economic downturn, and nobody is exactly sure what is going to happen next.  On Thursday, we learned that U.S. GDP was down 32.9 percent on an annualized basis last quarter.  That officially makes last quarter the worst quarter in all of U.S. history, and many people believe that this new economic depression is just getting started.  But of course not all areas of the country are being affected equally.  According to USA Today, states such as Hawaii, Nevada, Michigan and New York were hit particularly hard last quarter…

Every state was walloped last quarter, though ones that rely heavily on travel and tourism, such as Hawaii and Nevada, were hit hardest by the downturn, according to employment figures analyzed by economist Adam Kamins of Moody’s Analytics. Michigan, the heart of the nation’s auto industry, was slammed as consumers put off car purchases. And densely populated Northeast states struck by the most severe virus outbreaks – like New York, New Jersey and Massachusetts – absorbed among the heaviest economic losses as governors shut down earlier and residents stayed home.

…click on the above link to read the rest of the article…

The Collapse Will Be Visible: “For Lease” And “Space Available” Signs Are Starting To Go Up All Over America

The Collapse Will Be Visible: “For Lease” And “Space Available” Signs Are Starting To Go Up All Over America

Initially, we were told that the coronavirus lockdowns would just “temporarily” disrupt the U.S. economy, but now it is becoming clear that a lot of the damage will be permanent.  We are starting to see businesses go belly up all over the country, and this includes some of the most iconic names in the retail world.  When J.C. Penney announced that it would be declaring bankruptcy and closing hundreds of stores, I warned that would just be the tip of the iceberg, and that has definitely turned out to be the case.  In fact, on Wednesday many analysts were absolutely shocked when news broke that Victoria’s Secret has decided to shut down about 250 stores

Victoria’s Secret plans to permanently close approximately 250 stores in the U.S. and Canada in 2020, its parent company L Brands announced Wednesday.

L Brands also plans to permanently close 50 Bath & Body Works stores in the U.S. and one in Canada, according to information the company posted online as part of its quarterly earnings.

If this pandemic had passed quickly, perhaps those stores wouldn’t have needed to be shut down.  But at this point it has become obvious that this virus is going to be with us for a long time to come.  In fact, the WHO just announced that on a global basis we just witnessed the largest number of newly confirmed cases on a single day so far.

Another major retailer that is closing down stores is Pier 1 Imports.  In fact, it is being reported that not a single one of their locations will survive

Pier 1 Imports, which previously said it would close half of its fleet of stores, now plans to close all of its locations.

The retailer, based in Fort Worth, Texas, announced in a news release Tuesday that it was seeking bankruptcy court approval to begin an “orderly wind-down” when stores are able to reopen “following the government-mandated closures during the COVID-19 pandemic.”

I was never a huge fan of Pier 1 Imports, but my wife liked to visit and see what they had, but now we will never be able to do that again.

…click on the above link to read the rest of the article…

Pandemic And Economic Collapse: The Next 60 Days

Pandemic And Economic Collapse: The Next 60 Days

The news cycle moves so quickly these days writing analysis on current events becomes difficult; the moment you publish an examination of the situation people have already moved on to the next disaster. So, today I’m not going to do that. Instead, let’s look at current trends and project what is likely to happen in the next couple of months. In my article ‘How The Pandemic Crisis Will Probably Develop Over The Next Year’ published in early March, I outlined what I believed would be the major developments on a longer timetable. Some of these predictions have already occurred.

Now I would like to tackle a shorter timetable and focus more specifically on the economic side of things, along with the effects of government lockdowns and how they will continue. Yes, that’s right, if you think the “reopening” of the economy is going to be widespread, or that it will last, don’t get your hopes up. I am using a 60 day model because I have observed that the average non-aware person appears to be about two months behind those of us in the liberty movement in terms of seeing the dangers ahead.

First and foremost, the lockdown issue is on almost everyone’s mind, and as I’ve been saying for the past month, it would not take long before people start freaking out about their financial prospects once they realize this thing may not be over “in two weeks” as we keep hearing every two weeks from the mainstream media, state governments and Donald Trump. The “two weeks until reopen” mantra is designed to keep the public placated and docile, and the establishment will continue to use it until people are finally fed up, which is already beginning to happen.

…click on the above link to read the rest of the article…

The Real Causes for the Oncoming Economic Collapse

The Real Causes for the Oncoming Economic Collapse 

This Thursday, the markets took a 1000 point hit which was more than a little startling for many investors since the last 1000 point fall only happened three days prior… all in all bringing the financial markets to lows not seen since April 2011, and veering dangerously close to a precipice which has 1929 written all over it. Across the internet, panicky discussion has erupted over whether this foretells another 1987 collapse as Donald Trump warned, or something more akin to Black Tuesday of 1929. Others have pondered whether this is more similar to a 1923 Weimar hyperinflation where Germans became millionaires overnight (not much to celebrate when bread costs billions).

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. Zero to negative percent interest rates haven’t worked, opening overnight repo loans of $100 billion/night to failing banks hasn’t worked- nor has the return of quantitative easing which restarted on October 17 in earnest. No matter what these financial wizards try to do, things just keep getting worse. Rather than acknowledge what is actually happening, scapegoats have been selected to shift the blame away from reality to the point that the current crisis is actually being blamed on the Coronavirus!

…click on the above link to read the rest of the article…

Personal Politics, Public Impeachment, Persuasion and Post-Apocalyptic Planning

Personal Politics, Public Impeachment, Persuasion and Post-Apocalyptic Planning

One of my primary concerns regarding the forthcoming economic chaos and societal breakdown is that there will be nowhere to run and nowhere to hide. As normalcy bias evaporates like tears on dehydrated sunken cheeks, hungry neighbors and pre-collapse friends and acquaintances will soon assimilate into zombie hoards and come knocking like its Halloween.

What are you going to do? Shoot them?

Regardless, saying “I told you so” or “I tried to warn you, but you didn’t listen” will not be an effective deterrent. Furthermore, the resultant chaos will also deliver local strongmen and gangs ready to thieve and plunder amidst widespread violence and starvation.

In such a scenario, any lone bananas are sure to be skinned.

Are you ready?

Because very few will have the opportunity to bug out to a remote location and surprisingly, an isolated cabin in the woods, or a fenced-off hidden homestead in a rural area may not be best after all.  Take it from Fernando Ferfal Aguirre, who survived the economic collapse in Argentina.  In his book, “Surviving the Economic Collapse”, he described geographic areas as like organisms dying; where the extremities perish first. Aguirre identifies the urban areas as the safer places to work, trade, and live; with the rural areas as targets for roving gangs to raid and set up camp out of the reach of city services, police, and fire departments.

Therefore, since we know the endgame, what if we could parlay that into building trust with others now?   Perhaps entire regions could be fortified in a balkanized America, simply by reorganizing current civil administrations.  All that would be required would be for the heads of select institutions and agencies to work in coordination, quickly, and decisively as the proverbial excrement collides into the whirling flabellum. Roving bands, gangs, cartels, and feral feds, might then decide to move on to easier targets.

 …click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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