It might sound like “US exceptionalism” to point this out (…and how very dare I), but even if the globalist Reset is successful in every other nation on Earth, the globalists are still failures if they can’t secure and subjugate the American people. As I’ve noted many times in the past, most of the world has been sufficiently disarmed, and even though we are seeing resistance in multiple European nations against forced vaccination legislation and medical tyranny, it is unlikely that they will have the ability to actually repel a full on march into totalitarianism. Most of Asia, India and Australia are already well under control. Africa is almost an afterthought , considering Africa is where many suspect vaccines are tested.
America represents the only significant obstacle to the agenda.
Conservative Americans in particular have been a thorn in the side of the globalists for generations, and it really comes down to a simple matter of mutual exclusion: You cannot have an openly globalist society and conservative ideals at the same time in the same place. It is impossible.
Conservatives believe in limited government, true free markets, individual liberty, the value of life, freedom of speech, private property rights, the right to self defense, the right to self determination, freedom of religion, and the non-aggression principle (we won’t harm you unless you try to harm us). None of these ideals can exist in a globalist world because globalism is at it’s core is the pursuit of a fully centralized tyranny.
There are people on this planet that are not satisfied to merely live their lives, take care of their families and make their mark peacefully. They crave power over all else. They desperately want control over you, over me, over everything, and they will use any means at their disposal to get it. I would compare it to a kind of drug addiction; globalists are like crack addicts, they can never get enough power, there is always something more to take.
They tell themselves and others that they are “philanthropists”, that “they know what is best” for the rest of us. They believe themselves superior and therefore it is their “destiny” to dictate and micro-manage society for the “greater good” of us all. But really, when we witness their methods it becomes clear that they have no noble aspirations. They have no empathy or honor. They don’t care about the average human being, or the environment, or the economy or society in general. They only care about themselves and their delusions of grandeur. These people are a cancer on the rest of civilization.
They seem to be particularly obsessed with deconstructing and sabotaging America in the pursuit of their global Reset. Real philanthropists would not have a problem if someone didn’t want to accept their “charity”, but psychopaths cannot abide a group of people rejecting them and their ideology. You are not allowed to walk away from them. You are not allowed to do things your own way. You must be forced to comply. The agenda only works if EVERYONE submits.
Unfortunately for the globalists, the Reset is not working out for them everywhere. In the US, the agenda is failing miserably compared to Asia and parts of Europe.
As the head of the World Economic Forum, Klaus Schwab, is so fond of reminding us, the Covid pandemic is the “perfect opportunity” to push forward the globalist plans for a total Reset of human economy and society. To the globalists, the crisis is a panacea, a doorway to their version of a better world. They love the pandemic, they are not distressed by it.
The problem is, it’s not doing enough damage or terrifying enough people.
Consider the Event 201 coronavirus pandemic simulation – It was held by the World Economic Forum and the Bill and Melinda Gates Foundation only two months before the real thing “coincidentally” happened in early 2020. The pandemic war game was less about saving lives and more about how the elites planned to keep the public under control. The suppression of alternative media and censorship in social media was discussed at great length. Dissenting voices need to be silenced if the Reset is going to prevail.
One factor within the Event 201 simulation that never played out, though, was the WEF projections on deaths. The war game suggested at least 65 million initial deaths due to the pandemic. Early projections on the death rate suggested 2% to 3% of the population or more. The same projections were repeated by the UN’s World Health Organization when the real pandemic was first revealed to the public.
Instead, Covid-19 has been a letdown for the globalists, with a tiny death rate of around 0.26% outside of nursing homes. Meaning, 99.7% of the population has nothing to worry about from covid. Millions of Americans are becoming savvy to the situation and are refusing to comply with mandates over a virus that is a non-threat.
Instead of backing off of the Reset scheme, the globalists are continuing to double down. Why? Because they have no other choice. They let the cat out of the bag and bloviating big-mouths like Klaus Schwab told the world exactly what the plan is. If they retreat now, they might NEVER get another chance to implement a world centralization plan; a massive grift which requires medical tyranny in order to prevent rebellion.
You see, if the death rate had been dramatically higher than 0.26% and covid represented a legitimate threat, then maybe a larger portion of the US population would have been on board with longer term restrictions and medical passports. Maybe not. The fact remains that 40% of deaths have been in nursing homes among patients with preexisting illnesses, the death rate outside of these facilities is minimal, the mask mandates have been proven completely ineffective and the states that have remained open and removed mask mandates have FALLING death and infection rates when compared to states that are enforcing lockdowns.
The fear narrative is falling apart. States across the US are opening and are refusing to implement useless mandates. In my home state of Montana, legislators and the governor are passing laws that forbid the enforcement of medical passports. Even major corporations are not allowed to demand vaccine passports from customers or employees.
On top of that, 40% to 50% of the US population in polls are refusing to comply with the vaccine rollout or medical passports. Why take a vaccine for a virus that 99.7% of the population is unaffected by anyway?
The jig is up. The globalists are going to need another crisis if they hope to enforce further lockdowns in the US, along with medical passports and disarmament. Do not be surprised if there is more engineered chaos going into the summer months. But what will the next crisis look like? I think we are already seeing the signs…
The mainstream media is pushing a non-stop narrative of covid mutation hype. We hear about UK and Brazilian variants on a weekly basis, and the assertion has been that surely, these variants will be more infectious and more deadly that the original virus. There is still no proof whatsoever to confirm this, but the globalists only care about planting the idea in people’s heads. They only care about reigniting the fear.
My feeling is that this strategy is going to fail, at least in the US. Too many Americans are aware of the con game, and a new virus threat is not going to have the same effect as Covid-19 did in the early months of the pandemic. None of us really knew what we were facing back then, and caution was a practical response. Today, we know for a fact that covid is not a concern for the vast majority of the public. Media attempts to amp up the threat will be ineffective, but they will of course still try.
This is the next obvious tactic on the part of the establishment. Numerous state officials are openly supporting renewed riots across the country due to a recent police shooting in Minnesota. The shooting itself was accidental, with the suspect violently resisting arrest and leaping into his car. A female officer grabbed her pistol in a panic instead of her taser and fired.
This event had nothing to do with racism, and nothing to do with police brutality. But, that’s not stopping Marxist groups like BLM from taking advantage and making it all about “white supremacy”. The real danger of unrest, however, will arrive at the closing of the Derek Chauvin trail.
With the trail coming to an end, evidence has been revealed that George Floyd was involved in heavy drug use and the medical examiner indicated that this along with heart disease were contributing factors to Floyd’s death. A “speed ball” containing Fentanyl was also discovered in the back of the police cruiser in which Floyd was originally restrained. So, even if Derek Chauvin’s knee to the neck tactic helped kill Floyd, it is unlikely that a jury will convict him of 1st or 2nd degree murder based on the evidence. Any lesser charges will undoubtedly trigger more BLM riots.
Conveniently, these powderkeg events are taking place at the onset of the warm spring and summer months, which is prime time for riots.
My concern is that civil unrest will be allowed to spread and fester in the US until regular citizens start taking matters into their own hands. And, of course, any community that tries to defend itself against looting and destruction will be accused of “racist aggression” – At which time the Biden Administration will then try to assert the authority to institute martial law measures in various regions. This combined with renewed attempts at covid lockdowns is a highly likely scenario.
Just as the Event 201 simulation of a coronavirus pandemic preceded the real thing by only two months, there are concerns that the next World Economic Forum simulation event will also be a precursor to another crisis.
Cyber Polygon is a war game being held by the WEF this July which is meant to simulate a major cyber attack on the global supply chain and the economic system. There has been endless discussion int the media the past year building up fears of cyber attacks by Russia, China, Iran and even North Korea.
In terms of supply chain threats, I’m not sure exactly how a cyber attack could do much to disrupt global shipping, unless we are talking about another blockage in a major shipping route like the Suez Canal. But, a successful attack on stock exchanges in places like Wall Street could be devastating. I suggest watching this event carefully as it may be designed to precede a real cyber attack sometime this year.
Global War Tensions
The media and the Biden Administration are very busy trying to create tensions with Russia over Ukraine. There are renewed tensions between Iran and Israel and continued destabilization by the West in Syria. And, a rising danger of confrontation with China over Taiwan.
War could be the goal, or, the goal could merely be economic conflict. After all, China has already been dumping dollars and US treasuries the past year, and it would not take much to cause damage to the dollar’s world reserve status if China and Russia both diversified into a basket of currencies for global trade.
Beyond that, there are many advantages for globalists in creating regional wars and drawing Americans into pointless conflicts. For example, the threat of war could be used to institute a new draft. What better way to keep American men in particular busy and stop them from rebellion against the Reset than to draft them so they can die in a meaningless war overseas?
There is also a narrative advantage to global tensions; when presented with a foreign threat, are Americans more likely to reject notions of rebellion against government trespasses? I have no doubt that the establishment will try to claim the liberty movement is not a movement for freedom, but an “astro-turf” movement created by the Russians to destabilize America. This has been the leftist media propaganda strategy for years now; so why would they stop?
The bottom line is this: America is the primary target of the globalists because we are one of the only countries with the means and the numbers to stop them and the Reset. Until they are removed from the equation they will continue to throw crisis after crisis at us in order to wear us down and force us to accept totalitarianism. Do not get too comfortable in the fact that the pandemic agenda is failing here; stay alert and continue to organize your communities.
* * *
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Coronavirus dashboard for October 5: an autumn lull as COVID-19 evolves towards seasonal endemicity
– by New Deal democratBack in August I highlighted some epidemiological work by Trevor Bedford about what endemic COVID is likely to look like, based…
- by New Deal democrat
Back in August I highlighted some epidemiological work by Trevor Bedford about what endemic COVID is likely to look like, based on the rate of mutations and the period of time that previous infection makes a recovered person resistant to re-infection. Here’s his graph:
JOLTs jolted: Did the Fed break the labour market?
In the Bureau of Labor Statistics (BLS) August release of the Job Openings and Labor Turnover Survey (JOLTS) report, the number of job openings, a measure…
In the Bureau of Labor Statistics (BLS) August release of the Job Openings and Labor Turnover Survey (JOLTS) report, the number of job openings, a measure of demand for labour, fell to 10.1 million. This was short of market estimates of 11 million and lower than last month’s level of 11.2 million.
It also marked the fifth consecutive month of decreases in job openings this year, while the August unemployment rate had ticked higher to 3.7%, near a five-decade low.
In the latest numbers, the total job openings were the lowest reported since June 2021, while incredibly, the decline in vacancies of 1.1 million was the sharpest in two decades save for the extraordinary circumstances in April 2020.
Healthcare services, other services and retail saw the deepest declines in job openings of 236,000, 183,000, and 143,000, respectively.
With total jobs in some of these sectors settling below pre-pandemic levels, the Fed’s push for higher borrowing costs may finally be restricting demand for workers in these areas.
The levels of hires, quits and layoffs (collectively known as separations) were little changed from July.
The quits rate (a percentage of total employment in the month), a proxy for confidence in the market was steady at 2.8%.
From a bird’s eye view, 1.7 openings were available for each unemployed person, cooling from 2.0 in the month prior but still above the historic average.
The market still appears favourable for workers but seems to have begun showing signs of fatigue.
Ian Shepherdson, Economist at Pantheon Macroeconomics noted that it was too soon to suggest if a new trend had started to emerge, and said,
…this is the first official indicator to point unambiguously, if not necessarily reliably, to a clear slowing in labour demand.
Nick Bunker, Head of Economic Research at Indeed, also stated,
The heat of the labour market is slowly coming down to a slow boil as demand for hiring new workers fades.
Ironically, equities surged as investors pinned their hopes on weakness in headline jobs numbers being the sign of breakage the Fed needed to pull back on its tightening.
Kristen Bitterly, Citi Global Wealth’s head of North American investments added,
(In the past, in) 8 out of the 10 bear markets, we have seen bounces off the lows of 10%…and not just one but several, this is very common in this type of environment.
The worst may be yet to come
As for the health of the economy, after much seesawing in its projections, which swung between 0.3% as recently as September 27 and as high as 2.7% just a couple of weeks earlier, the Atlanta Fed GDPNow estimate was finalized at a sharply rebounding 2.3% for Q3, earlier in the week.
Rod Von Lipsey, Managing Director, UBS Private Wealth Management was optimistic and stated,
…looking for a stronger fourth quarter, and traditionally, the fourth quarter is a good part of the year for stocks.
As I reported in a piece last week, a crucial consideration that has been brought up many a time is the unknown around policy lags.
Cathie Wood, Ark Invest CEO and CIO noted that the Fed has increased rates an incredible 13-fold in a span of just a few months, which is in stark contrast to the rate doubling engineered by Governor Volcker over the span of a decade.
Pedro da Costa, a veteran Fed reporter and previously a fellow at the Peterson Institute for International Economics, emphasized that once the Fed tightens policy, there is no way to know when this may be fully transmitted to the economy, which could lie anywhere between 6 to 18 months.
The JOLTs report reflects August data while the Fed has continued to tighten. This raises the probability that the Fed may have already done too much, and the environment may be primed to send the jobs market into a tailspin.
Several recent indicators suggest that the labour market is getting ready for a significant deceleration.
For instance, new orders contracted aggressively to 47.1. Although still expansionary, ISM manufacturing data fell sharply to 50.9 global, factory employment plummeted to 48.7, global PMI receded into contractionary territory at 49.8, its lowest level since June 2020 while durable goods declined 0.2%.
Moreover, transpacific shipping rates, a leading indicator absolutely crashed, falling 75% Y-o-Y on weaker demand and overbought inventories.
Steven van Metre, a certified financial planner and frequent collaborator at Eurodollar University, argued,
“…the next thing to go is the job market.“
A recent study by KPMG which collated opinions of over 400 CEOs and business leaders at top US companies, found that a startling 91% of respondents expect a recession within the next 12 months. Only 34% of these think that it would be “mild and short.”
More than half of the CEOs interviewed are looking to slash jobs and cut headcount.
Similarly, a report by Marcum LLP in collaboration with Hofstra University found that 90% of surveyed CEOs were fearful of a recession in the near future.
It also found that over a quarter of company heads had already begun layoffs or planned to do so in the next twelve months.
Simply put, American enterprises are not buying the Fed’s soft-landing plans.
A slew of mass layoffs amid overwhelming inventories and a weak consumer impulse will result in a rapid decline in price pressures, exacerbating the threat of too much tightening.
On Friday, the markets will be focused on the BLS’s non-farm payrolls data. Economists anticipate a comparatively small addition of jobs, likely to be near 250,000, which would mark the smallest monthly increase this year.
In a world where interest rates are still rising, demand is giving way, the prevailing sentiment is weak and companies are burdened by excessive inventories, can job cuts be far behind?
The post JOLTs jolted: Did the Fed break the labour market? appeared first on Invezz.recession unemployment pandemic equities stocks fed governor recession interest rates unemployment
Trade Deficit decreased to $67.4 Billion in August
From the Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.4 billion in August, down $3.1 billion from $70.5 billion in July, revised.August exp…
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.4 billion in August, down $3.1 billion from $70.5 billion in July, revised.Click on graph for larger image.
August exports were $258.9 billion, $0.7 billion less than July exports. August imports were $326.3 billion, $3.7 billion less than July imports.
Exports increased and imports decreased in August.
Exports are up 20% year-over-year; imports are up 14% year-over-year.
Both imports and exports decreased sharply due to COVID-19 and have now bounced back.
The second graph shows the U.S. trade deficit, with and without petroleum.
The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
Note that net, imports and exports of petroleum products are close to zero.
The trade deficit with China increased to $37.4 billion in August, from $21.7 billion a year ago.
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