from Paul Joseph Watson:
TRUTH LIVES on at https://sgtreport.tv/
by Alasdair Macleod, GoldMoney:
This article looks at the situation in the euro system in the context of rising interest rates. Central to the problem is role of the ECB, which through monetary inflation embarked on a policy of transferring wealth from fiscally responsible member states to the spendthrift PIGS and France. The consequences of these policies are that the spendthrifts are now ensnared in irreversible debt traps.
Even in a Keynesian context, the ECB’s monetary policy is no longer to stimulate the economy but to keep the spendthrifts afloat. The situation has deteriorated so that Eurozone commercial banks appear to have credit restricted in New York, evidenced by the reluctance of the US banks to enter into repo transactions with them, leading to the market failure in September 2019 when the Fed had to intervene.
During an interview with CNBC Thursday afternoon, Hayman Capital founder Kyle Bass joined Jeffrey Gundlach and other astute observers of the market by postulating that the Fed won’t be able to succeed with its planned 4 interest-rate hikes by the end of the year.
“Gundlach said that the Fed could get to 1.5% on the Fed funds rate, which might happen in the next 12 to 18 months. But that would trigger a recession,” he said.
But by the time the Fed gets to the second hike, markets will tank, forcing the central bank to backtrack.
by Pam Martens and Russ Martens, Wall St On Parade:
On September 16, 2019, exactly one day before the Federal Reserve would embark on its first emergency repo loan operations since the financial crisis of 2008, $2.7 billion in credit default swaps (CDS) on a single name blew up. The dealers in those credit default swaps were the very same trading houses on Wall Street that sought, and received, tens of billions of dollars in repo loans from the Fed in an operation that grew to a cumulative $11.23 trillion before its conclusion on July 2, 2020. (In just the last quarter of 2019, the Fed pumped a cumulative $4.5 trillion in repo loans into Wall Street’s trading houses, according to the transaction data it released on December 30 of last year. That was before even one case of COVID-19 had been reported in the U.S.)
by Mish Shedlock, The Street:
Price Hikes From a Year Ago
• CPI 7.0%
• Shelter 6.0%
• Excluding Food and Energy 5.5%
• Food and Beverages 6.0%
• Owners’ Equivalent Rent 3.8%
• Medical Care Services 2.5%
• Rent of Primary Residence 3.3%
from Birch Gold Group:
From Brandon Smith
I don’t think I can overstate the danger that the U.S. economy is in right now as we enter 2022. While most people are caught up in the ongoing drama of Covid-19, a real threat looms over the nation in the form of a stagflationary tidal wave. The mainstream media is attempting to place the blame on “supply chain disruptions,” but this is a misrepresentation of the issue.
The two factors are indeed intertwined, but the reality is that inflation is the cause of supply chain disruptions, not the result of supply chain disruptions. If we look at the underlying stats for price rises in essential products, we can get a clearer picture.
by Katherine Hamilton, Breitbart:
Three thousand United Airlines employees have called out sick with coronavirus, causing more flight cancellations, CNBC reported on Tuesday.
The surge in illness comes after CEO Scott Kirby instituted a vaccine mandate for all of his U.S. employees. Those who declined to get vaccinated were either fired or obtained an exemption and were subsequently placed on unpaid leave. According to the report, Kirby told employees the airline is “trimming its schedule” in order to deal with the increase in sick calls. In a memo to staff, Kirby said 3,000 workers have tested positive for coronavirus, which is “4 percent of its U.S. workforce.” The report continued:
by Peter Koenig, Global Research:
Omicron, a so-called covid-variant, has never been isolated. Whatever the current narrative – 193 UN member governments tell you in lockstep, what the mainstream media tell you in lockstep – and what the majority in the street of the 193 betrayed UN member countries believe in lockstep – is a Big Lie.
People may die from multiple other causes, like from the mRNA-vaxxes that ain’t vaccines but gene altering, immune system killing injections – and the bought medical establishment, mainly but not exclusively in the west, attributes their death, for almost two years now, to covid, and its so-called “variants”; killer variants that is – mind you, and it can never be repeated enough, variants that have never isolated and never been identified.