from Peter Schiff:
The concept of eastern opposition to globalist institutions is a fanciful one driven perhaps by people’s hopes that some country somewhere is going to “make a stand” against the agenda. Unfortunately, the vast majority of nations are irrevocably tied to the machinations of global banks.
China is a perfect example of a country that is often falsely associated with “opposition” to globalism. Besides representing one of the most oppressive regimes in the world today complete with Orwellian social credit systems, concentration camps, organ harvesting programs and vaccines passports, the CCP is also a long time proponent of a global currency system controlled by the IMF as well as the latest member of the Special Drawing Rights (SDR) basket.
by Michael Snyder, The Economic Collapse Blog:
The Dow Jones Industrial Average plummeted another 496 points on Friday as panicked investors continue to pull billions of dollars out of the stock market. With less than two weeks to go until Christmas, the markets are not supposed to be experiencing this kind of turmoil, but it is happening and there is no end in sight. During the fourth quarter of 2018, we have already seen the S&P 500 fall 11 percent. Even if it doesn’t go down any further, that will be the worst quarter in 7 years. And of course the S&P 500 is not alone – at this point all of the major indexes are officially in correction territory. Things are certainly getting quite frightening on Wall Street, and many believe that the worst is yet to come.
Coming into Monday, the Fed had a problem: it had already used up half of its entire emergency $700BN QE5 announced last weekend.
Which, together with the plunge in stocks, is why at 8am on Monday, just as we expected – given the political cover they have been provided – The Fed unveiled an unprecedented expansion to its mandate, announcing open-ended QE which also gave it the mandate to buy corporates bonds (in the primary and secondary market) to unclog the frozen corporate bond market as we just one step away from a full Fed nationalization of the market (only Fed stock purchases remain now).