US inflation declines slightly but remains high at 8.3%. Core inflation (ex food and energy) increased to 6.3% in August. “Markets” tumbled at the open, but only until the Plunge Protection Team (PPT) steps in later in the trading session, or not. Real CPI is well above 16% as per 1980s accurate gov inflation calculation methodology; to wit:
At the 1:20 Video Mark, Martin Armstrong explains what rising interest rates will do to the government debt cycle in the West, and the Solution. Do we still have time, or is Schwabs #GreatReset (disguised global debt default) our only path?
The Fed is raising interest rates into a recession....I think that they are intentionally trying to help collapse our country /system sooner rather than later.
What is coming is something we have never seen before.
It will be awful. There will be a lot of hungry people.
It will hit and collapse Europe first...but the ripple of defaults on debt denominated in US dollars will be felt. There will be a lot of elites buying up hard assets in Europe with a strong
dollar...(one reason for the covid shutdowns to funnel moeny into select people/companies pockets and they will use it to buy these assets at basement bargain prices) and then the system will be allowed to die, and we will all be converted to the Digital Social credit currency system.
The elites will be fully in control then, and will use these assets to restart businesses....and they will continue living the good life.
I will be dead, as will many people. It is time to make a move if you don't like what is coming...to a small community that is trying to be self sufficient and where you can finish out your days and maybe save a copy of the Constitution and teach your grandkids history.
If I was brave and young, I would be moving to Russia.
As I noted in a tweet the other day, the proof that my HP12C is finally broken came when I compared the prices on my most recent purchase of my standard 30Oz can of steel cut oats. It went from $3.39 to $4.49. My HP thinks this is 36%, but reassuringly Washington tells me the rate is 8.5%, so I can throw out the HP and go back to sleep.
We burned up all the cheap stuff so of course the price goes up.
It's the same with all resources from oil to copper - there's lots left but we picked the low hanging fruit -- so it's more costly to get at what's left....
e.g. with metals -- you mine the high concentrations first --- when they are gone it means you need to haul more truckloads and refine more to get the same amount of metal.
OBVIOUSLY the costs go up. This is what we are experiencing across the board now
Vatican calling in their money by end of September is another sign.
I never believe these inflation calculations; they never match the reality of my world. 8.3%, my ass.
I wonder if this is aligning with shmita ending on September 25.
What is that? Thanks.
Basically there have been stock market collapse that align wth the the shamita year.
One thing for sure is all of the economic indicators point to a bad time for our economy. Will it happen..yes when who knows its all a guess
https://blogs.timesofisrael.com/shmita-and-th
Search led to this: "Shmita literally means renunciation. We renounce the right to work the land, and let it lie fallow." Judaism
Debts are wiped out also. We have a debt based currency system. The dollar will fail up.
At the 1:20 Video Mark, Martin Armstrong explains what rising interest rates will do to the government debt cycle in the West, and the Solution. Do we still have time, or is Schwabs #GreatReset (disguised global debt default) our only path?
https://centipedenation.com/transmissions/watch-the-forecaster-the-story-of-martin-armstrong/
The Fed is raising interest rates into a recession....I think that they are intentionally trying to help collapse our country /system sooner rather than later.
What is coming is something we have never seen before.
It will be awful. There will be a lot of hungry people.
It will hit and collapse Europe first...but the ripple of defaults on debt denominated in US dollars will be felt. There will be a lot of elites buying up hard assets in Europe with a strong
dollar...(one reason for the covid shutdowns to funnel moeny into select people/companies pockets and they will use it to buy these assets at basement bargain prices) and then the system will be allowed to die, and we will all be converted to the Digital Social credit currency system.
The elites will be fully in control then, and will use these assets to restart businesses....and they will continue living the good life.
I will be dead, as will many people. It is time to make a move if you don't like what is coming...to a small community that is trying to be self sufficient and where you can finish out your days and maybe save a copy of the Constitution and teach your grandkids history.
If I was brave and young, I would be moving to Russia.
Pre-pare as best you can, never surrender or comply.
https://genearly.substack.com/p/what-would-be-the-aftermath-of-a
Thanks for this. Just finishing listening to Ed Dowd will watch after. Intriguing.
Part of me just keeps thinking "Just get it over with, already".
It will come sooner than we think.
Maybe, but I've been thinking its inevitable for over about 15 years now. And that's because I only started paying attention then.
Never mind the inflation numbers. I think household income after taxes and inflation was even higher under Obama.
Zombie Deer appearing everywhere. People next? Prion/folded protein/CJD/spotein diseases are incurable. =Zombie apocalypse
https://www.zmescience.com/other/feature-post/zombie-deer-disease-05042021/
We destroyed the Peoples currency and bankrupted folks!
Thanks for playing along,
Sincerely yours,
The FED and your favorite politicians!
https://odysee.com/@jermwarfare:2/Ed-Dowd:2
Well worth a watch...what is comining...skip his background but understand how we got here with the
corporate dot com fraud, the real estate fraud, and the investment bank failures, all moved to the central bank balance sheets....
As I noted in a tweet the other day, the proof that my HP12C is finally broken came when I compared the prices on my most recent purchase of my standard 30Oz can of steel cut oats. It went from $3.39 to $4.49. My HP thinks this is 36%, but reassuringly Washington tells me the rate is 8.5%, so I can throw out the HP and go back to sleep.
I burn coal to heat - price up 25% Year on Year.
We burned up all the cheap stuff so of course the price goes up.
It's the same with all resources from oil to copper - there's lots left but we picked the low hanging fruit -- so it's more costly to get at what's left....
e.g. with metals -- you mine the high concentrations first --- when they are gone it means you need to haul more truckloads and refine more to get the same amount of metal.
OBVIOUSLY the costs go up. This is what we are experiencing across the board now