Wednesday, July 6, 2022

THIS IMPLOSION WILL BE FAST – HOLD ONTO YOUR SEATS

by Egon Von Greyerz, Gold Switzerland:

The massive money creation in the 2000s has led to a debt and asset bubble, which is about to burst. Investors will be shocked by the speed of the decline and won’t react before it is too late.

The massive money creation by central and commercial banks in this century has resulted in a growth of global assets from $450 trillion in 2000 to $1,540 trillion in 2020.

From this week, all new vehicles in the EU with have to have a surveillance-based speed limiter

by Didi Rankovic, Reclaim The Net:

GPS is the most common method.

Tracking and surveillance tech is finding its use in yet another segment of public life in the West – road traffic.

Starting in 2022, cars in the UK will be fitted with speed limiters as a mandatory measure, and the most commonly used variety is the Intelligent Speed Assistant (ISA).

Russia, Venezuela to Expand Oil Sector Cooperation, Working on Pact to Circumvent Western Sanctions

from Sputnik News:

Russia and Venezuela have dramatically expanded economic, political and defense ties over the past two decades, with the United States placing crushing sanctions on the Latin American nation and repeatedly attempting to institute regime change in Caracas over the country’s attempts to secure independence from Washington’s influence.

Prepare for War, Higher Energy Prices & Significant Civil Unrest -Martin Armstrong

by Greg Hunter, USA Watchdog:

Legendary financial and geopolitical cycle analyst Martin Armstrong says, “If my computer had legs, it would hide under my bed.”  That’s how bad things are looking for the rest of 2022 and 2023, according to Armstrong’s “Socrates” program that foresees future geopolitical and economic trends and events.  Let’s start with war that is already underway with Russia.  Armstrong says, “They wanted war.  It’s all been provoked, and it’s intentional. . .”

Biden Plan to Cap Russian Oil Prices Could Seriously Backfire, Which Means It’s Likely to Happen

from The Conservative Treehouse:

The G7 plan to create another economic sanction against Russia by capping the price anyone could pay for Russian oil has a serious downside.  If Russia slows down the export of oil, global oil prices will jump dramatically.   That policy outcome would mean a massive increase in the price of gasoline for U.S. consumers.

In 2020, the Rockefeller Foundation “predicted” the global food and energy crisis that is now unfolding

by Ethan Huff, Natural News:

The timing of Russia’s invasion of Ukraine is highly suspicious considering it has become the catch-all scapegoat for pretty much every bad thing currently happening in the world, including the global food crisis.

It turns out that the globalist Rockefeller Foundation has been talking about “resetting” the global food supply for years now, long before Vladimir Putin decided to initiate his “special operation” in Ukraine.

Did the Fed Forget to Start QT?

by Peter Schiff, Schiff Gold:

According to the Fed, Quantitative Tightening (QT) was set to begin in June. From Reuters:

“On June 1, it will start the process at $47.5 billion a month for the first three months, divided as $30 billion of Treasuries and $17.5 billion of MBS. It will increase to the full $95 billion three months later.”

Well, it looks like the Fed was unsuccessful in their first month of QT. The balance sheet contracted by less than $1B and even increased MBS holdings by $1.9B.

Will This Recession Rival the Great Depression?

from Birch Gold Group:

From Peter Reagan at Birch Gold Group

By the time you read this, the U.S. economy will likely be officially mired in what could be a long and deep recession.

Ark Invest CEO Cathie Wood said Tuesday we’re already there:

We think we are in a recession. We were wrong on one thing and that was inflation being as sustained as it has been.

Well, she’s far from the only one who was wrong about inflation. And she’s just one of many CEOs issuing stark warnings about the U.S. economy.

Silver In The Teens!! Back Up The Truck Right Now, Or Just How Low Will Price Go??

from Silver Doctors:

Only one person has been consistently right about silver for the last two years and nailed the call, and now…

(by Half Dollar) I’ve lost count, and I’m not sure I’d remember if I tried to write them all down, but I know that at the very least, I’m on my thirty-something-ish vehicle, including motorcycles but excluding the Army.

Needless to say, I’ve been testing out this six-speed manual, four-wheel drive clunker’s handling and stability with payload at high speed:

Australian Man Barred from Withdrawing His Own Money

from AlexandraBruce:

TRUTH LIVES on at https://sgtreport.tv/

GDPNow Forecast Plunges to -2.1 Percent, a Recession Has Clearly Started

by Mish Shedlock, Mish Talk:

In the last three days the GDPNow forecast plunged from +0.7 percent to -2.1 percent, a net swing of 2.8 percentage points.

Please note another GDPNow Model plunge following a miserable ISM number.

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -2.1 percent on July 1, down from -1.0 percent on June 30. After this morning’s Manufacturing ISM Report On Business from the Institute for Supply Management and the construction report from the US Census Bureau, the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 1.7 percent and -13.2 percent, respectively, to 0.8 percent and -15.2 percent, respectively.