Thanks to the work of Matthew Ehret (here, https://canadianpatriot.org/, https://risingtidefoundation.net/) and others, I’ve come to learn about the beauty of the American system of political economy / Hamiltonian economics. American history has to be viewed from the lense of 1776 not having ended things, but rather starting the covert phase of undermining the American experiment.
The economic world in which Gen-Z find themselves was deliberately engineered. Keynesian v. Austrian is the false dichotomy intended to distract from the American system. DJT knows this, and channels McKinley for a noble reason.
US Presidents who were American system or at least pro economic growth types have a habit of being either assassins’ targets or undergoing strange deaths.
Ten percent doesn’t sound good. But being an historical average means it subsumes all kinds of cultures, so it may be a lot higher here in the US. The US is unique and probably the best “civilization” the world has ever known, so that has to move the needle at least a little.
But maybe not, because the citizens today are not like those of previous generations. I think the big test is to see if the current crop of voters are committed and tough enough to weather the consequences of such a monumental and fundamental change. And the consequences aren’t necessarily known, at least during the transition. If the Trump administration goes as far as it needs to then there is going to be a lot of financial and economic pain.
In any case, I think what’s essential is that enough people have a clear understanding of the current problems, their causes, and the alternatives. JR et al claim “unsound money” is the root cause of financial inequality, etc. but not everyone (most?) understands that. Some might say it’s because of the “off shoring” of manufacturing, or immigration pressuring wages and salaries to lower. Some might say it’s because we have a “mixed” economy, that it’s not pure free market capitalism but instead crony capitalism of big business and government. Other might say it’s because of mal-education by public schools, especially consumer education, civics, and personal finances. After all, they might argue, poor personal financial decisions are the primary difference between the haves and have-nots. Ditto for a decline in morals. Still others - albeit a super minority - blame central banking that tries to control the economy via interest rates and acting as a “lender of last resort” that undermines the inherent self-correction of excesses. Et cetera.
I was 29 years old in 1981, and the interest rate was 20% or more. There was NO WAY my wife and I, who both had skilled jobs, could buy a house. Nothing has changed.
"Mainstream economists portray inflation — defined as a currency that loses a bit of purchasing power each year — as necessary to lubricate the gears of commerce." John Rubino.
Well, I'd like to lubricate the posterior of those mainstream economists with some KY jelly and shove 2% inflation up the pipe.
No one wants to name the big blue elephant in the room who’s been Financializing the entire economy into a paper flipping scheme bidding up assets in a modern form of the Cantillon effect; but the Man who does will have a massive following. America will have a Hitler as Charlie Munger warned would have happened if they did not bail out the banks in the 2008 crisis. History repeats and the wall street Jews did not learn from their grandparents but I guess thats why Dracula cant see his own reflection in the Mirror…
Wild times friends, If you want to know the future you need to learn the past. The further back you study history the further you can see into the future and its 1924 redux.
This is what happens when you are running out of affordable energy...
Conventional oil production peaked nearly 20 years ago, we have been desperately cannibalizing nuclear war heads to fuel reactors, and shale oil production is now declining. Renewable energy is nothing more than a mirage of hopium.
The fourth horseman of the apocalypse is now mounted - natural gas production is contracting.
The #1 way of Trump is the Wizard of Oz guy behind the BIG screen. This will end bad with Trump blaming everybody but himself for this Corrupt Power Grab the Constitution & Bill of Rights Blowing in the Wind.
Prior to the current folks who run the world, a small group of Brits ran most of the world.
How does a small group of people run the entire world? The same way a major multinational corporation is run. You have the board of directors who call the shots, you have senior managers who are highly paid to execute on the game plan, lower level managers who are well compensated and incentivized by the possibility of a promotion. And finally you have the foot soldiers, the workers, who have bills to pay and do what they are told in exchange for a reward (otherwise known as a salary).
If anyone in the chain of command refuses to carry out the orders of the board of directors, they are fired and replaced. And then they cannot pay their bills.
90/10 in favor of option 1 is the typical odds, but with Trump who knows? We could revert to some form of gold-backed currency/treasuries. And at any rate, I think the odds of Trump revaluing gold are 50/50. Things get unpredictable under either scenario. What think ye?
"Our models do not indicate that food inflation will ease in 2025. In fact, I have repeatedly warned that people may want to stockpile food for the next two years as there will be weather events and supply chain shortages. Our model warns that we may see another severe drought, probably between 2025 to 2027, in both the US and Canada. The drought conditions are already beginning, which is in line with our model, which warns it will expand into 2025-2027."
You say there will be "weather events". How do you know that. What do you know that makes you say that. Who is planning these "weather events" and how are they being planned?
The sun controls our climate. Only man’s hubris leads him to believe there’s anything he can do to change it. We go through 11-year cycles of solar maximums and minimums, progressing on a meta cycle of about 300 years. Martin Armstrong tracks such changes and says, “Our model indicated we entered a Grand Minimum that overtook the sun beginning in 2020 and will last through the 2050s. This will result in diminished magnetism, infrequent sunspot production, and less ultraviolet (UV) radiation reaching Earth. This all means we are facing a global cooling period in the planet that may span 31 to 43 years.”
I know that but what about the geoengineering that is going on as they try to change our climate. That is what I was referring to when I was asking about how he knew there would be weather "events". No wonder our climate is so screwed up when we have lunatics trying to control nature by doing stupid things. Plus, what nobody seems to be talking about these days is destruction of the rain forests. In the 70s it was all people talked about and how it would affect the weather around the world and yet big corporations are hacking it down on a massive scale and no one's says anything. Is it any wonder our climate has changed when we are doing this?
Appreciate you bringing light to this issue. Older generations cannot dismiss millennials and younger for not 'bootstrapping' their way out of this. Any successful millennial in today's society got there despite ahistorical hurdles never seen before.
Deporting tens of millions will be the first positive step to fixing out economy and allowing young people to start families. High housing costs only benefit old asset holders, as you stated.
Thanks to the work of Matthew Ehret (here, https://canadianpatriot.org/, https://risingtidefoundation.net/) and others, I’ve come to learn about the beauty of the American system of political economy / Hamiltonian economics. American history has to be viewed from the lense of 1776 not having ended things, but rather starting the covert phase of undermining the American experiment.
The economic world in which Gen-Z find themselves was deliberately engineered. Keynesian v. Austrian is the false dichotomy intended to distract from the American system. DJT knows this, and channels McKinley for a noble reason.
US Presidents who were American system or at least pro economic growth types have a habit of being either assassins’ targets or undergoing strange deaths.
That’s not what the data is saying Timmy Taes.
Ten percent doesn’t sound good. But being an historical average means it subsumes all kinds of cultures, so it may be a lot higher here in the US. The US is unique and probably the best “civilization” the world has ever known, so that has to move the needle at least a little.
But maybe not, because the citizens today are not like those of previous generations. I think the big test is to see if the current crop of voters are committed and tough enough to weather the consequences of such a monumental and fundamental change. And the consequences aren’t necessarily known, at least during the transition. If the Trump administration goes as far as it needs to then there is going to be a lot of financial and economic pain.
In any case, I think what’s essential is that enough people have a clear understanding of the current problems, their causes, and the alternatives. JR et al claim “unsound money” is the root cause of financial inequality, etc. but not everyone (most?) understands that. Some might say it’s because of the “off shoring” of manufacturing, or immigration pressuring wages and salaries to lower. Some might say it’s because we have a “mixed” economy, that it’s not pure free market capitalism but instead crony capitalism of big business and government. Other might say it’s because of mal-education by public schools, especially consumer education, civics, and personal finances. After all, they might argue, poor personal financial decisions are the primary difference between the haves and have-nots. Ditto for a decline in morals. Still others - albeit a super minority - blame central banking that tries to control the economy via interest rates and acting as a “lender of last resort” that undermines the inherent self-correction of excesses. Et cetera.
I was 29 years old in 1981, and the interest rate was 20% or more. There was NO WAY my wife and I, who both had skilled jobs, could buy a house. Nothing has changed.
"Mainstream economists portray inflation — defined as a currency that loses a bit of purchasing power each year — as necessary to lubricate the gears of commerce." John Rubino.
Well, I'd like to lubricate the posterior of those mainstream economists with some KY jelly and shove 2% inflation up the pipe.
Weimar conditions will have Weimar solutions.
No one wants to name the big blue elephant in the room who’s been Financializing the entire economy into a paper flipping scheme bidding up assets in a modern form of the Cantillon effect; but the Man who does will have a massive following. America will have a Hitler as Charlie Munger warned would have happened if they did not bail out the banks in the 2008 crisis. History repeats and the wall street Jews did not learn from their grandparents but I guess thats why Dracula cant see his own reflection in the Mirror…
Wild times friends, If you want to know the future you need to learn the past. The further back you study history the further you can see into the future and its 1924 redux.
This is what happens when you are running out of affordable energy...
Conventional oil production peaked nearly 20 years ago, we have been desperately cannibalizing nuclear war heads to fuel reactors, and shale oil production is now declining. Renewable energy is nothing more than a mirage of hopium.
The fourth horseman of the apocalypse is now mounted - natural gas production is contracting.
https://fasteddynz.substack.com/p/natural-gas-production-is-contracting
The #1 way of Trump is the Wizard of Oz guy behind the BIG screen. This will end bad with Trump blaming everybody but himself for this Corrupt Power Grab the Constitution & Bill of Rights Blowing in the Wind.
Prior to the current folks who run the world, a small group of Brits ran most of the world.
How does a small group of people run the entire world? The same way a major multinational corporation is run. You have the board of directors who call the shots, you have senior managers who are highly paid to execute on the game plan, lower level managers who are well compensated and incentivized by the possibility of a promotion. And finally you have the foot soldiers, the workers, who have bills to pay and do what they are told in exchange for a reward (otherwise known as a salary).
If anyone in the chain of command refuses to carry out the orders of the board of directors, they are fired and replaced. And then they cannot pay their bills.
There are obvious parallels with this:
https://fasteddynz.substack.com/p/who-runs-the-world
Let's see how the kiddywinks feel after 4 years on a rudderless ship!
90/10 in favor of option 1 is the typical odds, but with Trump who knows? We could revert to some form of gold-backed currency/treasuries. And at any rate, I think the odds of Trump revaluing gold are 50/50. Things get unpredictable under either scenario. What think ye?
Hi John, here's Martin Armstrong, from today:
"Our models do not indicate that food inflation will ease in 2025. In fact, I have repeatedly warned that people may want to stockpile food for the next two years as there will be weather events and supply chain shortages. Our model warns that we may see another severe drought, probably between 2025 to 2027, in both the US and Canada. The drought conditions are already beginning, which is in line with our model, which warns it will expand into 2025-2027."
Tom
You say there will be "weather events". How do you know that. What do you know that makes you say that. Who is planning these "weather events" and how are they being planned?
The sun controls our climate. Only man’s hubris leads him to believe there’s anything he can do to change it. We go through 11-year cycles of solar maximums and minimums, progressing on a meta cycle of about 300 years. Martin Armstrong tracks such changes and says, “Our model indicated we entered a Grand Minimum that overtook the sun beginning in 2020 and will last through the 2050s. This will result in diminished magnetism, infrequent sunspot production, and less ultraviolet (UV) radiation reaching Earth. This all means we are facing a global cooling period in the planet that may span 31 to 43 years.”
https://www.armstrongeconomics.com/world-news/climate/dark-hole-opens-in-the-sun-we-are-in-a-solar-minimum/
I know that but what about the geoengineering that is going on as they try to change our climate. That is what I was referring to when I was asking about how he knew there would be weather "events". No wonder our climate is so screwed up when we have lunatics trying to control nature by doing stupid things. Plus, what nobody seems to be talking about these days is destruction of the rain forests. In the 70s it was all people talked about and how it would affect the weather around the world and yet big corporations are hacking it down on a massive scale and no one's says anything. Is it any wonder our climate has changed when we are doing this?
There are fairly good sources for climatology - not political greenie fakes - long term forecasting of basic pattern changes are not exactly new - https://electroverse.substack.com/p/record-february-cold-threatens-northern?utm_source=post-email-title&publication_id=2118150&post_id=156441097&utm_campaign=email-post-title&isFreemail=true&r=y7h5a&triedRedirect=true&utm_medium=email - take a look.
Appreciate you bringing light to this issue. Older generations cannot dismiss millennials and younger for not 'bootstrapping' their way out of this. Any successful millennial in today's society got there despite ahistorical hurdles never seen before.
Deporting tens of millions will be the first positive step to fixing out economy and allowing young people to start families. High housing costs only benefit old asset holders, as you stated.