Monthly Archives: June 2022

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Including the Federal Reserve's "fight" against inflation

From Mike Whitney:

The media would like to believe the Fed is doing everything in its power to fight inflation, but it’s not true.Yes, the Fed raised rates by 50 basis points in May and, yes, the Fed is trying to sound as “hawkish” as possible. But these things are designed to dupe the public not to reduce inflation.

Let me explain.

The current rate of inflation in the US is 8.6%, a 40-year high.At its May meeting, the Fed raised its target Fed Funds Rate to 1%.Got that? So the Fed’s rate is still a measly 1%. That’s what the media is trying to hide from you, and that’s why you might have to read 9 or 10 articles before you find a journalist who provides you with the actual rate.

Why are they hiding the rate?

Because the rate is 7.6% below the rate of inflation, so it doesn’t do a damn thing. It’s another public relations travesty dolled-up to look like serious monetary policy. But it’s a joke, and you can see it’s a joke.Think of it like this: If I loaned you $100 at 1% interest– but inflation was running at 8%– I would lose 7 bucks per year, right?

Right. And that’s what the Fed is doing. When interest rates are set below the rate of inflation, then the Fed loses money on every loan. In other words, the Fed is providing a subsidy to the banks for borrowing money. Have you ever heard of anything so ridiculous?

How would you like a deal like that? How would you like it if the Fed paid you interest on your credit card debt? You’d probably like that, right? But—if you were honest with yourself—you’d admit that it was a “gift”, because that’s what it is, a gift. The big banks are getting another handout from Uncle Sugar. That’s the whole deal in a nutshell.

Meanwhile, you and I and the other 300 million serfs, continue to pay a hefty 18% to the banks that are being subsidized by the Federal Reserve. Sound fair?

So, how much would the Fed have to hike rates if it really wanted to do its job? Check out this clip from an article at the Chicago Booth Review:

“The usual wisdom says that to reduce inflation, the Fed must raise the nominal interest rate by more than the inflation rate. In that way, the real interest rate rises, cooling the economy.

At a minimum, then, according to the usual wisdom, the interest rate should be above 8.5 percent. Now. The Taylor rule says the interest rate should be 2 percent (the Fed’s inflation target), plus 1.5 times how much inflation exceeds 2 percent, plus the long-term real rate. That means an interest rate of around 12 percent. Yet the Fed sits, and contemplates at most a percent or two by the end of the year.” Source: “Why Hasn’t the Fed Done More to Fight Inflation” Chicago Booth Review

So if the Fed was serious about fighting inflation, they would have raised rates to roughly 12%. Instead, they have decided to use their allies in the media to pull the wool over everyone’s eyes. That’s what’s going on.

It’s another big snow-job.

Mike Whitney, "The Fed isn't Fighting Inflation, It's Fueling It" at https://www.globalresearch.ca/fed-isnt-fighting-inflation-its-fueling-it/5783353

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Mike Whitney explains the real purpose of the evil Putin in Ukraine.

Let's bypass the hysterical, war-mongering western corporate controlled media for a moment.

Yes, Donald Trump gets it right once in a while.

Trump Said We Should Get Along With Russia. He's Right.

by Mike Whitney. June 6, 2022

Look at this map of Ukraine.

Can you see what’s going on? The Russians are creating a buffer zone along their western perimeter.

Why are they doing that? What benefit do they derive from a buffer zone?

Well, a buffer zone creates a distance between Russia and Ukraine which Putin thinks is necessary since Ukraine is threatening to join NATO. So, he’s creating his own DMZ on his western flank.

But what does that prove?

It proves that we’ve been lied to from the very beginning. Putin was not planning to reconstruct the Soviet Empire like the media told us. He did not want to seize the Capitol, Kiev, and he did not want to conquer the entire Ukrainian landmass. That was all baloney.

What he wanted to do, is what he has done.

Don’t take my word for it, look at the map. You don’t need CNN or Rachel Maddow to tell you what you can see with your own two eyes. This is the reality ‘on the ground’.

This is a buffer zone. It creates a distance between Russia and Ukraine, it protects the ethnic Russians in the Donbass region, and it establishes a landbridge to Crimea where Russia’s vital deep-water port of Sevastopol is located. In other words, it achieves what Putin wanted to achieve from the very beginning, that is, enhanced security along his western border.

What we are seeing is the basic parameters of Russia’s “Special Military Operation”. Yes, many people will prefer to call it a “war”, but the term is not nearly as precise as “Special Military Operation”.

Why?

Because “Special Military Operation” indicates that the main objective is to save the lives of the ethnic Russians who had been under constant bombardment for the last 8 years and, also, to create a security zone that prevents a hostile NATO army and its missile system from being deployed to Russia’s border. These are the goals of the “Special Military Operation”; to “demiliterize” and “denazify” the area under Russia’s control. Get it?

Will the “Special Military Operation” go beyond the Donbass to Kiev and cities in the west?

Probably, not. Going beyond the Donbass would likely involve a complete mobilization of men and resources which has not yet taken place in Russia. By not mobilizing, Putin is signaling to the west that he will limit his operation to the area on the map. (With some slight expansion) Putin is indicating that his main concern is security, and since his concerns were casually brushed aside by Biden and Zelensky, he took matters into his own hands. In other words, he imposed his own settlement.

Okay, but if these are the parameters of the Special Military Operation, then what are the chances of a wider war?

That depends on Biden. If Washington continues on the path of escalation –by sending weapons systems that can strike targets in Russia– then Putin will respond. We should know that by now. Putin is not going to back down no matter what. If Washington wants to up-the-ante, then they should prepare for an equal response. That’s the way it’s going to work. For now, the “Special Military Operation” is just a “Special Military Operation”. But when it becomes a war, then all bets are off. Then we will see a full mobilisation, a complete rupture in US-Russo relations, and a halt to all hydrocarbon flows from east to west.

Do you think Europe and the United States are prepared for that? Do you think the EU can replace the 25% of the oil and 40% of all the natural gas it presently imports from Russia? Do you have a wind-powered car that will get you to work on time or a factory that will run on solar power? Do you have a plan for heating your house with hydrogen or perhaps a battery from an old Prius?

No, you don’t, and neither does Europe. Europe runs on fossil fuels. America runs on fossil fuels And the more fossil fuel that is consumed, the more the economy grows. The less fossil fuel is consumed, the more the economy shrinks. Are you prepared for life in a shrinking economy with high unemployment, skyrocketing inflation, unending recession, and deepening social malaise brought on by your government’s misguided desire to “stick it to Putin”?

That’s a bad choice, isn’t it? Especially when a face-saving deal can be made at anytime. In fact, Biden could stop the fighting tomorrow if he extended the hand of friendship to Putin and declared that, yes, Ukraine will accept neutrality til the end of time and NATO expansion will stop ASAP.

That’s all it would take. Just extend the olive branch and Putin will ‘call off the dogs’. Guaranteed.

That’s what this guy would have done. Remember him? Remember how bad things were when Trump was in office and gas was 2 bucks a gallon, and everyone had a job, and there was no inflation, and violent crime was under control?

Listen to what Trump had to say about Russia:

“Well, I hope we do have good relations with Russia. I say it loud and clear and I’ve been saying it for years. I think it’s a good thing if we have a great relations with Russia. That’s very important. And, I believe, some day that will happen. It’s a big country, it’s a nuclear country, it’s a country we should get along with, and I think we will eventually get along with Russia.”

He’s right, isn’t he? We need to get along with Russia and put an end to the fighting before these morons drag us into World War 3.

Source:

https://www.globalresearch.ca/trump-said-we-should-get-along-russia-hes-right/5782566

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Something fishy is happening on planet earth. It has little to do with clueless politicians or the Right-Left conflict, or crazies with guns, or abortion, or monkeypox, or any of the fear porn we see in media. These are just the tools of the trade.

This is an attack on humanity.

The events we are seeing on the planet have never occurred before, all at once, in the entirety of human history. Worldwide pandemics created in a lab, experimental vaccines pushed on the entire human population, an invasion of the U.S. southern border in which thousands of people are crossing illegally every day from 150 countries, the attacks on women and children via baby milk supplies, threatening to withhold funds for the school lunch program, and gender and trans-gender identity where predatory men are gaining access to women’s bathrooms and prisons and other women’s spaces, and the insanity of Transhumanism, which seeks to replace the human being and the human body with a gene-altered one, or even, as the ultimate goal of Transhumanism, altered or artificial containers for human consciousness. Transhumanism is essentially an attack on human reproduction, and particularly, women and children.

The attacks on food producing plants all over the US. The shutdown of carbon-zero energy plants in the service of an insane zero-carbon energy policy. (See “Another Nuclear Plant Closes: Get Ready For Electricity Shortages” and “Massive Fire Breaks Out at Major Poultry Plant that Supplies Eggs to Major Supermarkets,” and “FBI Warns of Targeted Cyber Attacks On Food Plants After Mysterious Rash Of Fires”).

The mass shootings at schools, especially the attack in Uvalde where, 8 days after the incident, the statements from authorities make no sense. Armed police officers stood around for over an hour while a nutjob was killing kids. Somebody propped open a door at the school a minute before the shooter entered. The 18-year-old shooter spent thousands of dollars buying his weapons and enough ammo to start a war. Where did this kid from a poor neighborhood get that kind of green?

These are not a series of tragic “coincidences.” This is an all-out attack on humanity by the forces of evil.

We are living the Test now, as I talked about in a previous blog post. The Test is something our civilization has never experienced before. It’s a planet-wide clearing of human karma. It is an inevitable spiritual war between the forces of evil and the forces of light.

Where is it all going? To an exposure of the vast, unexplored underbelly of the human psyche.  

All of it.

To the darkness of human trafficking and child trafficking, the vilest evil on the planet.

The Mexican drug cartels are trafficking hundreds of thousands of people over our southern border, and fentanyl and other drugs. All for money. Large areas of southern Texas are now controlled by these criminal cartels, who laugh at the corrupt and criminal government in DC (composed of Democrats and Republicans).

We aint seen nothing yet folks. It’s going to continue until the light of truth and divine grace exposes all of it.

All of it.

How much evil is there in the world? We’re about to find out. My feeling is that the shooting in Uvalde was the straw that broke the camel’s back.

The impetus for this exposure is a mass awakening of humanity. It’s not darkness ascendant, it’s darkness on the run. Aint nowhere to hide now. This little planet is connected by a worldwide messaging system. It’s going to be in all of our grilles, even those who don’t want to see it.

The light of truth is shining brighter every day.