Friday, April 16, 2021

Australia’s Self-Inflicted Economic Woes Continue

by Joseph Thomas, New Eastern Outlook:

Australia had until recently been enjoying economic growth alongside the rise of China. This all changed when Canberra began following Washington’s lead, antagonising China, and in what would snowball into a costly, self-inflicted economic crisis.

Today, Australia not only faces mounting barriers to trade erected by China in response to Australia’s systematic antagonism, but now is seeing what had been temporary trade disputes transform slowly into a Beijing strategy to permanently eliminate dependency on Australian imports.

Once set into place, the ability for Australia to return to previous levels of lucrative trade with China will be unlikely.

“We’re #1”: Yet Another Ignominious All-Time Record High Is Established In The Late, Great United States…

by Michael Snyder, The Economic Collapse Blog:

Whenever it seems like this country can’t possibly sink any lower, we always seem to find a way to top ourselves.  According to a report that was just released by the Centers for Disease Control and Prevention, cases of chlamydia, gonorrhea, and syphilis in the United States reached the highest level ever recorded in 2019.  Thanks to the popularity of Internet “dating apps”, there has been a boom in casual sex in recent years, and this has resulted in a tsunami of STD cases that is absolutely unprecedented in our history.  Needless to say, this is not a sign of a healthy society.

Is the Party Over? Investors Pay Attention! with Michael Pento

by Kerry Lutz, Financial Survival Network:

Michael Pento notes that the stock market’s capitalization is 200% of GDP. Margin debt has never been higher. Is the party over? If you listen to the Fed they claim that inflation is transitory. YOY inflation was 2.6%. Core inflation was under 2%. The Fed doesn’t even look at consumer price inflation. Everything is a substitute for everything else. The Fed’s mandate is stable prices, haha. Next month’s CPI will be over 3%. Exploding earnings and growth in GDP this quarter and next and then we roll over. Whatever happened to zero inflation targets. $7 trillion dollars of new money printed and keeping interest rates below 1%, what could possibly go wrong. Market and economic chaos is inevitable. The middle class is being hollowed out and thus the country with it. Bubbles getting ready pop all over. It only benefits the wealthy and those who work from their homes. Job losses aren’t being reversed. It’s been the worst of times for the middle class, thus engendering further chaos. It’s a volatile and incendiary. Is the pandemic going to end this summer. Bad Vaxx news, J&J vaccine causing blod clots in 6 women. It’s temporarily suspended. Vax skeptics are jumping all over it. Why suspend the vaccine for 6 out of 17 million people getting ill. China vaccine not working well. If the virus is running rampant, can growth and inflation continue. It’s going to drop off in 2021 and 2022. You’ve gotta invest somewhere. Michael is more concerned about the government’s reaction to the virus than the virus itself.

Wall Street, Corporations Team Up with Soros-Funded Group to Pressure States Against Election Reforms

by John Binder, Breitbart:

Wall Street firms, multinational corporations, and giant law firms are teaming up with the Brennan Justice Center, which is heavily funded by billionaire George Soros, to pressure states against reforms to their election process.

After Georgia lawmakers passed sweeping reform legislation to protect the state’s elections, including requiring photo identification to vote, corporate executives have blasted the move and many are suggesting they will boycott the state by moving business elsewhere.

A 75-YEAR-OLD WARNING ABOUT THOSE WHO SAY ‘LISTEN TO THE SCIENCE’

by Mac Slavo, SHTF Plan:

When people say “follow the science,” often what they’re really saying is “follow our plan.”

On his first day as president, Joe Biden, flanked by a portrait of Ben Franklin, called on the federal government to “advance environmental justice” and “be guided by the best science.”

In many ways, Biden’s words came as no surprise.

Throughout the 2020 campaign and after, Biden had often repeated the phrases “listen to the science” and “I believe in science,” presumably to contrast himself with his opponent.