Monday, January 20, 2020

Anatomy of Hyperinflation

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by Michael Pento, Market Oracle:

Two drones filled with explosives were recently deployed in a failed assassination attempt to take out Venezuelan President Nicolas Maduro. Chaos filled the streets as the military ran for their lives. But this sort of pandemonium is commonplace in Venezuela today: Where citizens have run out of basic necessities such as toilet paper and have begun eating their pets in order to stay alive. The mainstream Keynesian-brainwashed media doesn’t talk much about Venezuela or hyperinflation; perhaps because they are viscerally aware that the seeds of intractable inflation on a worldwide basis have already been sown by the global elites–and they don’t want to frighten you.

Venezuela is currently in the throes of hyperinflation on a massive scale. The communist-led government has mismanaged its economy into a fiscal catastrophe. Among other things, skilled farmers were thrown off their land and replaced by government apparatchiks that are untrained and incapable of producing enough food to feed the people. Oil production also waned due to mismanagement and corruption. To smooth over the government’s mounting debt it printed massive amounts of money in response to rising budget deficits. The currency plummeted, and foreign denominated debts were defaulted on.

US Bomb Pieces Found at Yemen Bus Strike Site as Pentagon Says ‘We May Never Know’ Who Supplied It

by RT, via Lew Rockwell:

A Raytheon Mark 82 general-purpose free-fall bomb was likely used by the Saudi-led coalition to strike a bus full of children in Yemen on Thursday, a local journalist claims, after bomb fragments from the scene were recovered.

The Saudi-led coalition struck a school bus in the Dahyan area of the Houthi-controlled Saada province last Thursday, leaving 51 dead, most of them children, and injuring at least 79 others. Just as the dust was settling at the scene of the strike with charred bodies being recovered, locals found fragments of the bomb used.

Harrowing images from the site, shared by journalist Nasser Arrabyee, show fragments that appear to be from the 500-pound MK-82 bomb, which the US continues to sell to Saudi Arabia.

If It Gets Bad, I’ll Go to Idaho

by Doug Casey, International Man:

In the 1930’s, the farm population in the US was nearly 25% of the total and it was quite common for farmers to borrow from the bank (using their farms as collateral) in the expectation that the proceeds from their annual crop would pay off the note each year.

But, in 1929, there was a crash in the stock market, lowering the sales price of crops significantly. That, and coincidental droughts throughout the farm belt, resulted in a large percentage of the thirty million farmers failing to meet their payments. They lost their farms.

Worse, they could not turn to another line of work, as layoffs were taking place in all industries, as a result of the Great Depression, which followed the crash.

The Federal Reserve: Secretly Sticking It To Americans For Over 100 Years

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by Clint Siegner, Activist Post:

In the aftermath of the 2008 Financial Crisis, the private Federal Reserve bank cartel was front and center as a target for public outrage.

Former U.S. Congressman Ron Paul’s “End the Fed” message suddenly resonated. Americans hated Fed officials bailing out the banksters – richly rewarding them for crooked and irresponsible behavior which helped create the crisis.

But years have passed. Americans have been enjoying the expansion stage of the next great bubble. The central planners at the Fed and their colleagues at the nation’s largest banks have been busy stimulating the real estate, equity, and bond markets.

The movement to audit or end the Fed has faded back into obscurity.

Harvard Trained Economist Warns The Middle Class: A PAINFUL Housing Correction Is Due

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from Silver Doctors:

Harry Dent says to keep the American Dream alive, we need a painful correction in home prices, and there are consequences for Baby Boomers…

by Harry Dent of Economy & Markets

In San Francisco, a household now needs an income of $188,000 to afford rent for the average two-bedroom house or apartment with 30% of the household income spent on housing.

The problem is that the median income is only $103,801.

Housing is 81% out of reach!

Close Up and Long Shot

by James Howard Kunstler, Kunstler:

Be careful about what you see in the foreground of the news vis-à-vis what’s in the background. Sunday, the cable networks were on fire over the 30-or-so white nationalists marching across Washington DC — with much larger hordes of masked, black-clad Antifa street-fighters following them around, and an army of DC cops in fluorescent green riot vests following the Antifas and the white nationalist knuckleheads.

The event was a billed as an attempt to commemorate the clash that happened between the same contestants in Charlottesville, Virginia, a year ago in the uproar over Confederate statues. That fiasco ended in the death of a bystander named Heather Heyer. Not a whole lot has changed since then, except perhaps the Left has become more strident in its calls to penalize white people for their crimes of “privilege,” no doubt further inflaming the Unite-the-Right crew. (And the anti-statue campaign has dropped down the memory hole.)

Censorship Is What Happens When Powerful People Get Scared

by Michael Krieger, Liberty Blitzkrieg:

“Only the weak hit the fly with a hammer.”

– Bangambiki Habyarimana

Anyone who tells you the recent escalation of censorship by U.S. tech giants is merely a reflection of private companies making independent decisions is either lying or dangerously ignorant.

In the case of Facebook, the road from pseudo-platform to willing and enthusiastic tool of establishment power players is fairly straightforward. It really got going earlier this year when issues surrounding egregious privacy violations in the case of Cambridge Analytica (stuff that had been going on for years) could finally be linked to the Trump campaign.  It was at this point that powerful and nefarious forces spotted an opportunity to leverage the company’s gigantic influence in distributing news and opinion for their own ends. Rather than hold executives to account and break up the company, the choice was made to commandeer and weaponize the platform. This is where we stand today.

Strzok fired by FBI but still works for the CIA

by Shepard Ambellas, Intellihub:

FBI Special Agent Peter Strzok was fired by the bureau on Monday over a series of controversial anti-Trump text messages which Peter Strzok and his former lover Lisa Page had exchanged during the run-up to the 2016 presidential election.

However, the press has failed to report that Strzok was an agent for both the FBI and CIA at the same time.

That’s right, not only was Strzok employed by the FBI until his abrupt public departure from the bureau on Monday, Strzok has been sheep-dipped by the CIA where he currently remains employed to this day. (i.e. Strzok’s termination from the FBI on Monday was nothing more than a dog and pony show as Strzok remains an integral member of the deep state)

Trump vs. His Own Administration?

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by Ron Paul, Ron Paul Institute:

Are President Trump’s senior cabinet members working against him? It’s hard not to conclude that many of the more hawkish neocons that Trump has (mistakenly, in my view) appointed to top jobs are actively working to undermine the president’s stated agenda. Especially when it seems Trump is trying to seek dialogue with countries the neocons see as adversaries needing to be regime-changed.

Remember just as President Trump was organizing an historic summit meeting with Kim Jong-Un, his National Security Advisor, John Bolton, nearly blew the whole thing up by making repeated references to the “Libya model” and how it should be applied to North Korea. As if Kim would jump at the chance to be bombed, overthrown, and murdered at the hands of a US-backed mob!

New Info on Feinstein’s Chinese Spy — Media, FBI Complicit in Cover-up

by William F. Jasper, The New American:

Big Media continues to ignore Senator Dianne Feinstein’s Red China spy bombshell. No surprise, since it has spiked more than 50 years of Feinstein’s support for the Soviet Union and Communist China. Why did Comey let her spy go, and why is Mueller not investigating this?

Where is Russell Lowe? Lowe is the man who has been identified as the spy for Communist China who was on Senator Dianne Feinstein’s (D-Calif.) staff for more than two decades. A report by The New American several days ago pointed out that this should be of considerable concern from a national security standpoint, since not only did Senator Feinstein serve as chairwoman of the U.S. Senate Select Committee on Intelligence (of which she is still a member), but she was a longtime member of the so-called Gang of Eight, the bipartisan group of top members in the House and Senate who are given special briefings by our intelligence agencies and the Executive Branch.