BIDEN WATCH: 12.11.21 - Mainstream Economists Are Struggling To Hide The Incoming Economic Collapse

Mainstream Economists Are Struggling To Hide The Incoming Economic Collapse – Brandon Smith - https://www.prophecynewswatch.com/article.cfm?recent_news_id=5104 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 mainstreammedia 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. manufacturingand production of raw materials. The problems of devaluation and stagflation have been present since 1913 when the Federal Reserve was officially formed and given power, but the true impetus for a currencycollapse 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 havemostly 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 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 unmanageableinflationary 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 Americabut also banks and companies around the world. Because the dollar has been the world reserve currency for the better part of the past century, the Fed has been able to print cash with wild abandon and mostly avoid inflationaryconsequences. This was especially true in the decade after the derivatives crunch of 2008. Why? The dollar's global reserve status means dollars are likely to be held overseas in foreign banks and corporate coffers to be used in global trade. However, there isno such thing as a party that goes on forever. Eventually the punch runs out and the lights shut off. If the dollar is devalued too much, whether by endless printing of new money or by relentless inflationary pressures at home, all those overseas dollars will come floodingback into the U.S. The result is an inflationary avalanche, a massive injection of liquidity exactly when it will cause the most trouble. We are now close to this point of no return. The difference between a crisis and a real crisis As I have said for some time, when inflation becomes visible to the public and their pocketbooks take a hit, this is when the real crisis begins. A Catch-22 situation arises and the Fed must make a choice: - To continue with inflationary programs and risk taking the blame for extreme price increases - Taper these programs and risk an implosion of stock markets which have long been artificially inflated by stimulus Without Fed support, stock markets will die. We had a taste of this the last time the Fed flirted with tapering in 2018. My position has always been that the Federal Reserve is not a banking institution on a mission to protect American financial interests. Rather, I believe the Fed is an ideologicalsuicide bomber waiting to blow itself up and deliberately derail or destroy the American economy at the right moment. My position has also long been that the bankers would need a cover event to hide their calculated economic attack, otherwise they would takefull blame for the resulting disaster. The Covid pandemic, subsequent lockdowns and supply chain snarls have now provided that cover event. Two years after the pandemic started and the Fed has pumped out approximately $6 trillion more in stimulus (officially) and helicopter money through PPP loans and Covidchecks. On top of that, Biden is ready to drop another $1 trillion in the span of the next couple years through his recently passed infrastructure bill. In my article 'Infrastructure Bills Do Not Lead To Recovery, Only Increased Federal Control', publishedin April, I noted that: "Production of fiat money is not the same as real production within the economy... Trillions of dollars in public works programs might create more jobs, but it will alsoinflate prices as the dollar goes into decline. So, unless wages are adjusted constantly according to price increases, people will have jobs, but still won't be able to afford a comfortable standard of living. This leads to stagflation, in which prices continueto rise while wages and consumption stagnate. Another Catch-22 to consider is that if inflation becomes rampant, the Federal Reserve may be compelled (or claim they are compelled) to raise interest rates significantlyin a short span of time. This means an immediate slowdown in the flow of overnight loans to major banks, an immediate slowdown in loans to large and small businesses, an immediate crash in credit options for consumers, and an overall crash in consumer spending.You might recognize this as the recipe that created the 1981-1982 recession, the third-worst in the 20th century. In other words, the choice is stagflation, or deflationary depression." It would appear that the Fed has chosen stagflation. We have now reached the stage of the game in which stagflation is becoming a household term, and it's only going toget worse from here on. Lies, more lies and statistics According to official consumer price index (CPI) calculations and Fed data, we are now witnessing the largest inflation surge in over 30 years, but the real story is muchmore concerning. CPI numbers are manipulated and have been since the 1990s when calculation methods were changed and certain unsavory factors were removed. If we look at inflation accordingto the original way of calculation, it is actually double that reported by the government today. In particular, necessities like food, housing and energy have exploded in price, but we are only at the beginning. To be clear, Biden's infrastructure bill and the pandemic stimulus are not the only culprits behind the stagflation event. This has been a long time coming; it is the culminationof many years of central bank stimulus sabotage and multiple presidents supporting multiple dollar devaluation schemes. Biden simply appears to be the president to put the final nail in the coffin of the U.S. economy. But how bad will the situation get? "Collapse" is not too strong a word I think most alternative economists have called the situation correctly in predicting a "collapse." This is often treated as a loaded term, but I don't know what else youcould call the scenario we are facing. The covid lockdowns and the battle over the vax mandates have perhaps distracted Americans from an even larger danger of financial instability. That fight is important and must continue, but stopping the mandates doesnot mean the overarching threat of economic chaos goes away, and both serve the interest of central bankers and globalists. Some of the key policies within the literature for the "Great Reset" and what the World Economic Forum calls "The 4th Industrial Revolution" includes Universal Basic Income(UBI), the "Sharing Economy" and eventually a global digital currency system using the IMF's Special Drawing Rights basket as a foundation. Essentially, it would be a form of global technocratic communism, and if you enjoy individual freedom, being forced into total reliance on the government for your very survivaldoes not sound appealing. To obtain such a system would require a catastrophe of epic proportions. The Covid pandemic gets the globalists part of the way there, but it's obviously not enough. Covidhas not convinced many hundreds of millions of people around the world to give up their freedoms for the sake of security. But maybe a stagflationary collapse will accomplish what Covid has not? Accelerated price spikes in necessities including housing and food will generate mass poverty and homelessness. There is no chance that wages will keep up with costs. Thegovernment might step in with more stimulus to help major corporations and businesses increase wages, but this would basically be the beginning of a universal basic income (UBI, or free money for everyone) and it would only cause more dollar devaluation andmore inflation. They could try to freeze prices as many communist regimes have in the past, but this only leads to increased manufacturing shut downs because the costs of production aretoo high and the profit incentives too low. I suspect that the establishment will bring back regular checks (like the Covid checks) for the public now struggling to deal with ever increasing expenses and uncertainty,but with strings attached. Don't expect a UBI check, for example, if you refuse to comply with the vax mandates. If you run a business, don't expect stimulus aid if you hire non-compliant workers. UBI gives the government ultimate control over everything, and a stagflationary crisisgives them the perfect opportunity to introduce permanent UBI. The mainstream can no longer deny the fact that stagflation is happening and it is a threat, so hopefully those people that have not been educated on the situation willlearn quickly enough to complete the preparations necessary to survive. Countering stagflation will require localized production, decentralization and a move away from reliance on the global supply chain, the institution of local currency systems,perhaps using state banks like the one in North Dakota as a model, barter markets and physical precious metals that rise in value along with inflationary pressures. There is a lot that needs to be done, and very little time to do it. At bottom, the fight against economic collapse and the "Great Reset" starts with each individual and how they prepare. Each person caught by surprise and stricken with povertyis just another person added to the hungry mob begging the establishment for draconian solutions like UBI. Each properly-prepared individual is, as always, an obstacle to authoritarianism. It's time to choose which one you will be. -------------------- A test of Biden�s strategic vision and character - Jonathan S. Tobin - https://www.jns.org/opinion/iran-a-test-of-bidens-strategic-vision-and-character/ With Tehran playing hardball, and the Americans and Europeans dismissing Israel�s warnings, will the administration fall into the appeasement trap being set for it? For Biden administration officials, their inability to achieve their top foreign-policy priority is both frustrating and puzzling. Their surprise at their inability to influenceIran to engage in diplomacy that is at least theoretically aimed at preventing Tehran from obtaining a nuclear weapon is deserving of scorn. But what follows next is far more important than their current embarrassment over the abysmal failure of the renewednuclear talks held last week in Vienna. If, as seems likely, the administration�s response to Iran�s hardball tactics is to seek to further appease the regime rather than to summon the courage to begin actingin the interests of the security of the West and ratcheting up the pressure on the Iranians, then that will be a disaster. And it will be one with many unforeseen and serious implications, of which only one is the likelihood that the world will accept thatthe Islamist regime�s quest for nuclear status will have succeeded. So far, the response from President Joe Biden and his foreign-policy team is far from encouraging. The Iranians arrived in Vienna behaving as if they believe Biden is preparedto pay a high price for their agreeing to even a watered-down version of the already dangerously weak 2015 nuclear pact. Their demands for an end not just to the sanctions relating to their illegal nuclear activities but also those relating to its status asthe world�s leading state sponsor of international terrorism left the Biden team stunned. But as White House spokesperson Jen Psaki reaffirmed last week, no one in the administration is drawing the appropriate conclusions from Iran�s conduct about the futilityof the current diplomatic track. Nor does it appear that anyone in Washington or among the ranks of America�s European allies is paying the least attention to the statements of Israeli Prime Minister NaftaliBennett about the need for the West to develop a �different toolkit� or Foreign Minister Yair Lapid�s talk about building a broad coalition of nations dedicated to stopping Iran�s nuclear quest. The Biden team pledged to return the United States to the Iran nuclear deal with the help of many of those in the current administration who also served under former PresidentBarack Obama. The band of Obama alumni, including Secretary of State Antony Blinken, National Security Adviser Jake Sherman and former nuclear negotiator and current Deputy Secretary of State Wendy Sherman, had anticipated that a grateful Tehran would happilyreturn to the weak agreement they had worked to negotiate. That pact not only gave it a pass for illegal missile building and terrorism; it would expire by the end of the decade, giving Iran a legal path to a nuclear weapon. To their surprise, they soon discovered after returning to office in January that the Islamic Republic wasn�t going along with their plans. Once Biden returned the UnitedStates to the pact that former President Donald Trump had rightly trashed as unconscionably weak, the Iranians wouldn�t follow the script. Instead, they�ve spent the last 11 months behaving much as they did from 2013 to 2015 when they forced Obama and Kerryto back down, time and again, and agree to concession after concession. In addition to that, they�ve begun increasing their illicit nuclear activities getting closer to the point where the advanced nuclear program that Obama let them keep can race to createa weapon. Tehran clearly believes that Biden hasn�t the stomach for a confrontation of any sort�either diplomatic or military. It seems sure that the United States will agree to anypiece of paper that will allow the president to claim that he�s postponed an Iranian nuke, even if it means giving up all of the West�s leverage over the rogue state and ensuring that the ultimate purpose of this entire process�thwarting Iran�s nuclear ambitions�failsto achieve its goal. The administration has no interest in a painful reassessment of its presumptions. It went to Vienna prepared to accept an interim agreement that would fall short of evena return to the 2015 deal. However, the price Iran wished to extract for what would be in the long run a meaningless accord would insulate Tehran against future Western pleas for a deal that would restrict their nukes or its aggressive behavior in the region. Instead, there is only talk of scapegoats to blame for this lamentable state of affairs. In the view of administration apologists, the chief scapegoat is Trump since they argue that it was his 2018 withdrawal from the nuclear deal that not only released Tehranfrom Obama�s restrictions but allowed them to race closer to a weapon. This formulation, which is being repeated endlessly by the administration�s mainstream media �echo chamber� on the issue, has it backwards. Trump understood that the West was going to haveto get a better deal before Obama�s agreement expired and that it would be more easily accomplished sooner rather than later. Trump�s �maximum pressure� campaign gave the West its only chance to correct Obama�s mistakes. If he hadn�t been obsessed with overturningall of Trump�s policies, Biden could have followed up on his predecessor�s ability to push Iran into a corner with devastating sanctions that, while still capable of being further strengthened, nevertheless could have forced the Iranians to give ground. Andso, Biden is the one who is giving Iran a permission slip to get closer to a weapon. Another potential scapegoat is Israel. The administration is continuing to signal that it doesn�t support the Israelis� ongoing campaign aimed at sabotaging Iran�s nuclearprogram. Biden officials have been leaking to the press their belief that Israel�s efforts can�t succeed and are only interfering with their diplomatic plans. The administration and its cheering section in the press are also blaming Iranian �hardliners� for their failures. This faction has supposedly regained power in Tehran withthe �election� of Ebrahim Raisi in the country�s faux democratic process in which the country�s Supreme Leader Ayatollah Ali Khamenei decides who may run. But the replacement of former President Hassan Rouhani, a reputed �moderate,� by Raisi is a distinctionwithout a difference. Rouhani was no more likely to back down on Iran�s nuclear stands or its threats to eradicate Israel. Excuses notwithstanding, it�s true that Biden has no good options in front of him. Even if anyone believed that the administration would use force to stop Iran�and virtuallyno one does�getting into an armed conflict with Tehran isn�t what the American people want. Yet the rational alternative, which is returning to Trump�s tough policies, isn�t something Biden seems to have the courage or the will to do. Perhaps the administration believes that even more concessions in the form of dropped sanctions and cash inducements will get the Iranians to agree to any sort of agreement,no matter how toothless. What would follow such a deal would not merely be the international acceptance of Iran as a threshold nuclear state; it would also further enrich and empower Tehran to the point where its influence throughout the region would placeboth Sunni Arab states and Israel in direct peril from Iranian terrorist surrogates like Hezbollah, Hamas and the Houthis in Yemen. It would be nuclear blackmail. No one in the White House believed that the botched withdrawal from Afghanistan would be a turning point in the president�s popularity, but that�s exactly what it turnedout to be. Letting Iran go nuclear would be just as disgraceful and most likely equally unpopular. The chaos and bloodshed that would be unleashed from giving in to Iranian demands will not merely be bad politics�it would forever stain Biden�s legacy in away that could not be erased. Stopping that from happening will involve a test of character and vision that Biden has shown little evidence of possessing in his first, largely calamitous year as president. ------------- The Great Realignment: Countless More Americans Will Be Moving From Blue States To Red States In 2022- by Michael Snyder - http://theeconomiccollapseblog.com/the-great-realignment-countless-more-americans-will-be-moving-from-blue-states-to-red-states-in-2022/ We are rapidly becoming two very different nations with two very different cultures. At one time we truly were the �United� States of America, but now we have been splitinto two opposing camps that deeply hate one another. As a result, in recent years we have watched millions of Americans relocate for ideological reasons. This has caused �red states� to become even redder and �blue states� to become even bluer. At this point,there are just a handful of �purple states�, and it is in those states where our presidential elections are determined. It is really not healthy for just a few states like Pennsylvania and Michigan to have such power, but that is a topic for another article. Inthis article, I want to discuss why the mass exodus from blue states to red states is actually going to accelerate in 2022. Right now, there is no issue in the United States that is more divisive than the COVID vaccine. Most conservatives want to be able to have the freedom to choose whether to take the injections or not, while many on the left want to use the power of government to compelpeople to get injected. It has truly been frightening to watch many on the left embrace authoritarianism so eagerly, and many leftist politicians just continue to tighten down the screws. For example, New York City Mayor Bill de Blasio just decided to impose a very strict vaccine mandate on all private employers in his entire city� Mayor Bill de Blasio announced what he called a first-in-the-nation vaccine mandate for private companies Monday. He said the combination of the Omicron variant and holiday gatherings forced him to take �bold� steps. He�s giving businesses just three weeks to make sure their workersare vaccinated. If you don�t get the jab, you won�t be allowed to keep your job. There will not be a �testing option� under this new mandate, and so anyone that refuses to comply will be kicked to the curb two days after Christmas� De Blasio said the city will release specific rules on Dec. 15, before the mandate takes effect Dec. 27. He said it will apply to in-person employees, but would not provideany details about enforcement. He also said there will not be a weekly testing option. This is complete and utter lunacy, but of course we are witnessing lots of that in blue states these days. We are being told that this new mandate will apply to approximately 184,000 businesses, and that means that vast numbers of New Yorkers will soon be forced to search forgreener pastures. One of them is a woman named Cynthia. She told a reporter that this mandate gave her yet another reason �to get the hell out of New York�� Cynthia, an employee at a Midtown marketing firm who refused to share her last name due to fear of blowback, told the Post that the new requirement is �another reason� toleave the city. �Just terrific. Bill de Blasio just gave me another reason I need to get the hell out of New York, or at least find a job that lets me work remotely,� she said. Where will thousands upon thousands of displaced New Yorkers like Cynthia go? One conservative member of Congress that represents New York fears that many of them will head to �the free state of Florida�� �Mayor de Blasio can�t leave fast enough. He has crushed small business, the economy and quality of life. How many more New Yorkers does he want to see move to the freestate of Florida?� said US Rep. Nicole Malliotakis, who represents Staten Island and Brooklyn. So New York is going to get even bluer in 2022, and Florida will be getting even redder. Down in Massachusetts, hundreds of hospital workers were just ruthlessly canned because they refused to comply with a vaccine mandate� About 200 UMass Memorial Health employees are out of a job because they missed the health care system�s COVID vaccination deadline. UMass Memorial announced the mandate over the summer with a deadline to get vaccinated or receive an exemption by November 1. Employees were let go on December 1 if they did not get the vaccine. Many of those displaced health workers aren�t going to be able to find similar work in Massachusetts, and so they will head to red states. As for UMass Memorial Health, I am not sure exactly what they plan to do. You can�t just pull people off the streets to be medical professionals. They will probably be short-handedfor a long time to come, and that is just going to hurt the people that they are supposed to be serving. In Oregon, a different sort of mandate has people thinking that it may be time to relocate. If you can believe it, officials in Oregon are actually thinking of making their indoor mask mandate permanent� The Oregon Health Authority (OHA) assembled a Rules Advisory Committee (RAC) earlier this week to address a permanent indoor mask mandate in the state. Oregon is one ofa few states that still retain one nearly two years into the pandemic. The committee included several community stakeholders, including representatives from the hospitality industry, the business sector, and faith communities, according tolocal ABC affiliate KATU. I cannot understand why any rational decision maker would want to do such a thing, but apparently they are quite serious. There are a whole lot of very conservative people that live in eastern Oregon, and I think that even more of them are going to be moving over the border into Idaho in 2022. Before I end this article, I want to mention what Canada has just done. Beginning November 30th, all unvaccinated individuals are now banned from using any form of public transportation� In Canada, any travelers older than 12 years old must show proof of full vaccination to take any form of public transportation including domestic and international flightsas well as trains. �Starting November 30 at 3:01 am EST, vaccination will be required for travel within and to depart Canada,� the Candian travel website states. �A valid COVID-19 moleculartest will no longer be accepted as an alternative to vaccination unless you�re eligible for one of the limited exemptions.� Trudeau and his minions have completely gone off the deep end, and I feel so sorry for freedom-loving Canadians that are deeply suffering under his regime. Of course the Biden administration is considering something similar for domestic travel inside the United States. Let us hope that they never pull the trigger on such a move. All over the globe we are seeing governments become more authoritarian, and that certainly sets the stage for some of the things that I warned about in my latest book. Here in the U.S., countless numbers of freedom-loving Americans are fleeing to red states as they seek to escape the oppression that they have been experiencing in bluestates. Unfortunately, blue state tyrants have no intention of backing down, and this is going to create a tremendous amount of tension in our nation as we head into 2022 and beyond. ---------------------- Education�s war on parents - Bill Wilson � www.dailyjot.com Images last month of parents being dragged out of school board meetings in Virginia and Texas for simply questioning school board policies that enabled rape, sexually explicitbooks in school libraries, the teaching of the revisionist history Critical Race Theory, vaccine and mask mandates, and the grooming of grade school students by LGBTQ+ activists were not enough to continue the war on parents by the National Education Associationand its close allies. Now, an NEA board member and teacher in the General McLane School District of Erie County, PA, has posted that those claiming a religious exemption to avoid COVID shots deserve to lose their jobs, get sick, and die. The NEA�s silenceon this reveals much. Mollie Mumau, identifying as an Educator, Union Advocate, Semi-pro Wine Drinker, LGBTQ+ ally, and Team Pfizer, wrote: �Screw this guy and screw them all who are all abouthiding behind religious exemptions because they don�t want anybody to tell them what to do. People tell you what to do all the time, and you do it. This is such BS. He and his ilk deserve whatever comes their way, including losing jobs, getting sick, and perhapsdying from this virus. But in the meantime, he�s going to put all the people around him in danger. I don�t know why the GOP doesn�t just take those guns they profess to love so much and just start shooting all of their constituents who think this way. It wouldbe quicker and ultimately safer than putting me and my friends and family at risk.� Since, she and her post have disappeared. A screenshot has been reported. The General McLane School District website states: �The district is aware of a potentially inappropriate social media comment by a staff member. The district will investigatethe matter and act accordingly. In all situations, the district�s utmost concern is the safety of our students and staff.� According to ABC27 in Harrisburg, PA, �An initial update from the district claims that the teacher involved was not in class either Mondayor Tuesday. By Tuesday afternoon, that sentence had been removed from the district website.� Listed as an NEA Board member in the 2020-2021 NEA Handbook, there is no mention of Mumau on neither the NEA nor its Pennsylvania affiliate websites. According tonews reports, the websites scrubbed her name after the hateful post. In short, Mumau has been �canceled� without comment from the organizations. Yes, many, if not most, teachers are dedicated to their craft. But this incident shows clearly where the teachers� union aligns with the National Association of School Boards,who requested the Biden Administration to designate dissenting parents as domestic terrorists, which Biden happily accommodated. Notice the media response. The school district said it was aware of a �potentially inappropriate media comment.� The NEA and thePSEA refused comment and have removed any mention of Mumau from their websites. None of them denounced what was said at all. Proverbs 10:18 says, �He that hides hatred with lying lips, and he that utters a slander, is a fool.� These people promote hate andteach our children to hate as disguised in lofty ideals. In doing so, these fools are waging war on the parents who pay them. Say it with me�Stupidocracy. VISIT: PROPHECY WATCHER WEEKLY NEWS: HTTP://PROPHECY-WATCHER-WEEKLY-NEWS.BLOGSPOT.COM