Business & Economics

They Need a War

Posted on by TCA

Is it really surprising that the world’s largest economies are on the brink of war?

Some might say yes, but I think history shows us that the ”elites” and political class use wars as a means to an end every time their power, prestige and wealth are at risk.

Today, the elites, globalist and Democrats (ahh, but I repeat myself) power has come under attack. They over played their hand during their COVID crisis and tried to remove the guardrails against fascism permanently establishing them as leaders of the new world order. From locking down the free people of the world to forcing them to wear masks and get unproven vaccines, these individuals used the tactics of the communist to force compliance to their ways. They brought forward CRT, BLM, etc., that they have filled the minds of our children in kindergarten through university for the last thirty years with this rot that reduces critical thinking skills, promotes censorship, and segregation.

You have seen mass protests against this accumulation of power between Big Tech, government and the press.The most recent example was the freedom convoy in Canada and Trudeau’s response. Even the supporters of this alliance were shocked as it really demonstrated what was occurring and shined a light on it for many to see. This has lead to pushback and a threatening of their power. So, what is their next step? War!

History shows us that politicians in trouble benefit from going to war as it brings together the groups segregated by their policies together, albeit for a brief period.

Who is/are they?

In the U.S., they are both Democrats and Republicans. Liberals and conservatives. Most of them come from the Ivy league and have become accustomed to believing they are they smartest and can do no wrong. They are the leaders of big business as well as people at all levels of government. They have weaponized our government and legal system to stem any pushback. They encourage violence and the destruction of anyone or institution attempting to thwart their power.

With their power at risk, what do they do? They go to war.

How do you combat or prepare for this?

As Gerald Celente warns in a piece on Zero Hedge:

“I am saying to everyone listening, we are at the crucial point where one day, they are going to say a bomb, hacking or whatever, and to save your lives and to save your money, we are closing down the banking system.  You won’t be able to get your money out, and maybe when you do, they will devalue it.  They did it before and they will do it again.  

This time, it will be much worse.  My plan centers around the three G’s:  guns, gold and a getaway plan.”

“Climate Change is About Control, Stupid – Not The Environment” 

Posted on by TCA

William L. Kovacs has the above titled post at the Watts Up With That blog that hits the nail on the head. You can see the same thing with the COVID-19 pandemic. Read the whole thing.

From the comments:

I posit that pretty much all we see in the world of ‘politics’ doesn’t have anything to do with actual politics, but everything to do with almost pure differences between two personality types: those who are self-confident and are happy to “live and let live,” contrasted with those who have no self esteem and who feel compelled to validate their miserable existence in their own tiny minds by exerting absolute control over everyone else, on every topic under the sun. The comedian John Cleese quoted psychiatrist Robert Skinner about that, who said “if people can’t control their own emotions, then they have to start trying to control other people’s behavior.” We see it everywhere from them wanting to control our voting behavior on down to what kind of light bulbs we use.

Exactly!

Now, This is a Problem

Posted on by TCA

The most surprising thing this week to me has been the legacy media ignoring the report that Saudi Arabia is talking to China about accepting the yuan for payments of oil. The signal this sends is not good. You might be wondering why this is such a big deal.

Well, the U.S. has printing a significant amount of USD over the past 15 years. This isn’t a Democrat or Republican thing. Both parties have signed on to the large deficits we have incurred since 2008. COVID only exacerbated the issue given the multiple stimulus bills passed by congress. This has led to an expansion of the M2 money supply (something you never hear about).

You might ask why pricing oil in yuan is such a big deal. Well, most oil trades in USD. This creates a significant demand for USD given the volume of trading the happens everyday. This demand for USD allows us to import many things from consumer goods to raw materials. Without this demand, the value of the USD will fall increasing the inflation pressures we feel. The result may be

Over the past 30 years, the management philosophy has been to offshore the labor intensive work. Between the environmentalist pushing businesses to go green and move away from fossil fuels as well as Americans not wanting to do the hard/dirty work, we have become consumers of materials and goods mine, manufactured, etc. from second and third world countries. The COVID pandemic showed what folly this was as global supply chains cracked and U.S. manufacturers had to delay production, reduce staff and take other actions to deal with these delays. Now, with the war in Ukraine hitting us just as supply chains were beginning to heal, you now face accelerating inflation, additional shortages and further delays in manufacturing. Couple this with a tight labor force and accelerating inflation, and you have the making of the stagflation era of the ‘70s returning.

Now, enter the conversation about the yuan replacing the USD for some oil sales. Should that occur and the USD is no longer the sole reserve currency, what would the impact be? I believe you would have a reduction in the value of the USD pushing the price of the goods we import up. To combat this, the reaction would likely be in increase in interest rates to attract investments in USD. This would put pressure on the federal spending available for social programs as a larger percentage of the budget would have to go to interest. The higher interest rates required to offset the increase in M2 money supply we have seen over the past 15 years would certainly drive us into a recession. Without the flexibility to ”stimulate the economy” with “free money” due to the increased rates and a reduction in taxes associated with the recession, the government will likely have to cut domestic spending programs. Given today’s environment, this will lead to civil unrest like never seen in the U.S.

Mitt Calls Tulsi a Liar

Posted on by TCA

Probably the most feckless of all Republicans calls Tulsi Gabbard a liar due to this tweet:

To this, Mittens responded:

The real issue I have with Mitt’s response is that he should know whether this is true or not and come forth with the receipts (i.e. evidence). IF congress actually prepared a budget as required rather than this drivel called reconciliation, he would know. It would be laid out in an appropriation. However, being part of the in crowd is what Mitt really concerns himself with.

He is an example of why Trump won in 2018. It wasn’t that people liked Trump, but instead, that Trump actually pushed back against the onslaught of the government media complex. If you are in your 40s or 50s, you will recall that Republicans use to run on smaller government/reduced spending platforms. But, that is no more with most actually supporting a larger, more intrusive government…as long as they run it and pick the winners and losers.

Mitt, please do us all a favor, be true to yourself and convert to a Democrat.

The Coming Food Crisis the Media Isn’t Warning You About

Posted on by TCA

Some have heard about the impact of the Russian invasion of Ukraine, the subsequent enactment of sanctions against Russia, the Russian’s cessation of agricultural exports as a reaction to the sanctions, and what that means for the world’s food supplies. However, the media is not warning people of the potential problem this creates.

Zero Hedge has a concise piece that highlights what that means to the globe. From the piece:

The curtailment of agricultural exports from Russia and Ukraine will have dramatic knock-on effects on global food supplies. Both countries are known as the ‘breadbasket of the world’ and are responsible for a quarter of the international wheat trade, about a fifth of corn, and 12% of all calories traded globally. Another major problem is access to fertilizers, as Russia has banned exports of the nutrients. 

A blogger’s tweet quoted in the piece captures the concerns many of us have:

If our concerns are correct, this will be a long couple of years, and inflation will be the least of our worries.

Digital Dollar. Good or Bad?

Posted on by TCA

The much touted Biden order on crypto also has the government thinking about issuing a digital dollar through the Fed. Is that a good idea or bad idea?

Let’s take a look at the pros.

First, it would be much easier to create a new dollar virtually rather than printing it and may be more environmentally friendly, one of the hot button topics today. Secondly, with an app the government could easily access people who do not have a bank account and put their benefit payment into their digital wallet allowing for easier implementation of policy. Third, it removes the default risk of intermediary banks given the interaction is with the central bank directly. Finally, having a CBDC (central bank digital currency) will make it more cost effective to transfer money, especially internationally.

While that sounds good, there are a number of draw backs. First, and foremost, are privacy concerns. With the central bank in charge, they (and your government) would have complete control over who can access the blockchain. Say you’re someone in Canada supporting the truckers, the central bank could simply not allow you to access the blockchain to make a donation. The second issue relates to the devaluation of the CBDC. There is no difference other than form between the fiat currency notes and the CBDC. The central bank could simply charge negative interest rates on all of the deposits into the central bank reducing the value of your holdings everyday. This inflation helps the issuing government continuing its disastrous spending levels of today. The third issue would be the destruction of the banking industry. If the central banks are working directly with consumers, I can’t see a rationale reason for an intermediary other than raising the cost of a transaction. The disruption of the financial services industry at the hands of its regulators is the reason the market needs to make this decision and not the government and the hacks at its central bank.

All in all, a CBDC is not the same as a cryptocurrency but is a fiat currency in a digital/controlled world. With the way the government’s of the world have acted during COVID and the Canadian freedom protest, privacy should be the upmost concern. The continued war on cash should show you want they really want: control over what you buy and their ability to use inflation to avoid having to make tough choices.

March 10, 2022

Posted on by TCA

Key stories you might have missed.

Ted Cruz destroys Biden’s lame attempt to blame Russia for the rising gas prices in the U.S.

Voter fraud in the 2020 election cycle. John Solomon’s site Just the News has a roundup.

Inflation continues accelerating.

Biolabs in Ukriane. We deserve the truth about what our government is doing around the world. Glenn Greenwald’s Substack article is a nice summary of what we know.

Did Trudeau Trigger a Run on the Banks in Canada?

Posted on by TCA

Megan Fox has an article at PJ Media hinting at that possibility. She quotes the Canadian financial Blog Armstrong Economics and notes that “the emergency powers activated by Justin Trudeau to cripple the trucker protests have sparked panic among citizens, which could lead to a devastating financial crisis.” The Emergencies Act enabled Canadian banks to freeze the assets of anyone who donated to protests against the vaccine mandates, without due process or any court action. What is interesting is what she reported happened AFTER Trudeau ordered the freeze.

Trudeau then ordered the banks to unfreeze the accounts after the protesters had been cleared away. But what is reported to have happened after that is being ignored by the corporate press. Armstrong Economics says there was a stunning run on banks across Canada, as scared citizens are withdrawing their life savings and transferring it to foreign banks in the United States and elsewhere.

This reported run on the banks in Canada has been ignored by the legacy media which makes sense. I’m sure the government has attempted to tamp information down related to this, but there is anecdotal evidence on Twitter and other places suggesting daily limits being placed on withdrawals.

Megan quotes a post at The Last Refuge saying that it is indeed happening and those in power don’t want people to know. The writer appears to say that Trudeau’s actions were heavy handed and exposed the secret power of bankers to everyone, and the bankers don’t like it one bit.

These tools of citizen control are things well known to the central bankers and control agents of finance, but they are never spoken about in polite company – let alone publicized, promoted and openly bragged about.

Justin Trudeau and Chrystia Freeland essentially broke the financial code of Omerta, by highlighting how easy it is for government to seize your bank accounts, credit cards, retirement accounts, insurance, mortgages, loan access and cut you off from money.

Once this gets out to the broader public, who knows what will happen. This could severely damage the West’s financial system and certainly investment in country’s like Canada which have shown they will steal the financial resources of people “who don’t have the right opinions.” This is a pretty low bar for government theft of private assets and introduces a new risk to the investment equation in Canada.

Will Trudeau’s actions limit foreign investment in Canada? Will his actions lead to a long-term liquidation of assets held in Canadian banks as its citizens move money to foreign countries? Hard to predict, but this could lead to the repudiation of central bank’s digital currencies, move citizens back to a cash system, and strengthen the markets for alternative assets.