Anthony Migchels – henrymakow Aug 19, 2021
OMINOUS SIGNS
The Fed is likely to start tapering, monetary tightening, because of rising prices. Meanwhile, Commercial Banking is limiting lending. Conveniently, cyber attacks are now taking place.
“What’s next?! A crash of financial markets is unavoidable. However, the crash will be sold with a ‘reset’ of the Financial System. This will involve not bail outs, but bail ins: creditors, shareholders, and depositors will be made to pay.”
(KEEP READING FOR CHRIS PIRNAK’S RESPONSE)
by Anthony Migchels – (henrymakow.com)
The story is that prices are rising faster than expected, and that the job market is overheating.
However, while prices are indeed rising, the other economic facts on the ground are very different: labor force participation rates are still well below the pre-lockdown levels.
Not only that, last week it was reported that US consumer confidence cratered to the lowest level in 10 years.
The Biden Administration will be running a $3 Trillion deficit this year. That’s 14% of 2019 GDP.
US Government debt has risen from $22,6 Trillion in 2019, to $28,7 Trillion now, in just two years.
They’re selling this as ‘cuz covid’, but the real reason is that the Government is playing ‘debtor of last resort’, in a desperate bid to keep the economy liquid. However, these numbers are not merely ‘unsustainable’, they’re end game.
I believe the crash is inevitable and the establishment could not stop it, and if printing money and calling it legal tender couldn’t stop it nothing can, so I think collapse is the main driver behind the Covid condemic. The takeover was launched before fully ready and something beyond their control is writing the timeline; but they feel they must follow this fluid plan as it evolves because if control of society shift to the people their Great Rip-Off will be over and they’ll be tried and imprisoned for their mafia economics.
I’ve not read this, but the headline about another financial crash is worthy of comment on its own.
The designed 2008 financial collapse which was actually deeper than the 1929 crash and the 08 crash is ongoing. There’s been no real recover. They’ve printed over $75 trillion & the QE continues to this day. We have been and are still in a deflationary global economy, this is one reason for creating so much money. There are other reasons, such as propping up corporate stocks, which are probably 70% over priced. I’ve no idea what our corrupt elites have planned. They could go in any direction, & every time you think to yourself, ‘this is it’, they come up with another scam, such as the UKs HelptoBuy, or state subsidising mortgage deposits, or, how about just giving money to high end builders.
A recent contract to develop and manufacture a light tank. This contract was worth billions, but was eventually cancelled when it became apparent that it couldn’t fire while moving, or was it staionary? Where are the arrests and prosecutions?
The sheeple will never experience a real recovery ever again. The corrupt elites have determined that this is it, no more real wealth, no more social gain, & that public services should be run into the ground.
The fake news reports that house prices are up at record levels, but what they won’t say it that real inflation is way above house price rises. They report an unexpected fall in inflation… have you seen the products and services used to calculate their rigged inflation data? Their choice of products and services are so irrelevant to the core economy that they’ve caught themselves out.
it will be always as always before :
THE ROTHSCHILD / ROCKEFELLER + JEW
FRAUDER + ROBBER MAFIA WILL NOT SUFFER .
always will the middleclass + lower class pay !
LAW OF SATAN OF THIS WORLD
They found, or they have created the perfect storm, virus pandemic, drugs epidemic, immigration crises, rain and fire catastrophes, Lawlessness and finally a demented president to put the last nail in the economic and social coffin the last president is putting Americans last on his list.