Posted on 06/13/2022 1:14:40 PM PDT by Tell It Right
The Dow Jones Industrial Average dropped 980 points, or about 3.14% and the Nasdaq Composite tumbled about 4.8%. Major averages hit their lows of the session in the final 30 minutes after a Wall Street Journal report suggested the Fed would consider raising rates by 0.75% on Wednesday, more than the half point increase currently expected.
(Excerpt) Read more at cnbc.com ...
My earlier predictions posted on FR will have the S&P 500 dropping to 3400 before any support is found in the market.
That being said: “Remember the old saying: Do not grab a falling knife”.
It could get much worse than 3400.
DJIA
30,516.74
▼ 876.05 (2.79%)
June 13· Market Closed
Get ready for a 40-45% correction of the Dow Jones Industrials and S&P 500 by late September 2022. That’s when all heck breaks loose. 😒😑🙄
There comes a time when you realize that no matter how hard you pull up on the stick, you aren’t going to clear that mountain in front of you.
all by design
Well look on the bright side...At leastTrump isn’t tweeting.
At what point does evem the most diehard never Trumper admit that things were objectively better with Trump (D or R)?
The Biden voters must be pleased losing 20% of their 401k, paying over $5/gallon gas, high costs this Winter to heat, they must be feeling quite satisfied.
Biden said Friday, best economy since WWII.... building back better LOL... What a disaster this bunch is.
Would be fantastic so that I can get back in to it.
Biden’s prediction of a cold winter will come true.
But he will be warm. So it’s all ok then.
Good as I think the only thing that will wake up Americans is severe hard times much like the Great Depression.
No gonna happen...
They may keep quiet, but don’t expect them to be honest with
you when they can’t even be honest with themselves.
During the Great Depression a great religious revival came opon America..We need that to turn back to God.
Biden voters don’t blame Biden. I talked to one last week. He said the oil companies were doing this. Typical democrat.
Useful idiot.
Joe Biden’s repeated use of the phrase “Putin’s price hikes” is intended to shift responsibility for inflation away from his own policy and assign blame to Russia. Biden is essentially pretending that Vladimir Putin has control over White House energy policy, in order to protect his administration from the American people realizing all of the economic pain they feel is being done purposefully.
Putin didn’t price hike anything. The cause of the current spike in global oil prices was created, in the largest part, by the western sanctions against Russia; not the action of Russia itself.
Factually, massive global inflation began in early 2021 as an outcome of Western government spending and monetary policy. The U.S. Federal Reserve, EU and western alliance central bankers created the issue and were always going to face inflation as an outcome of their agreed direction. As the inflation started to become a serious political problem for them, the Ukraine conflict became the excuse, the blanket to hide the real origin of the problem.
Almost every western government leader now deflects responsibility for their inflation by pointing fingers at Vladimir Putin, this is not coincidental. Just like their agreement to follow each other into the unsustainable spending spiral via “Build Back Better,” the same Western alliance -united members of the World Economic Forum- must now collectively deflect attention away from the consequences of their catastrophic agenda.
The global inflation crisis is, in essence, a direct and immediate outcome from the designs of the ‘The Great Reset.’ It is within this reset where the global cleaving is underway.
This is not some grand conspiracy or ‘out there‘ deep geopolitical theory. The current fracturing of the global economic system is simply a predictable outcome from the western created events, designed in collaboration with the multinational institutions at Davos, that pushed specific countries to a natural conclusion.
From the outset of the Russian military operation into Ukraine, it was obvious the western alliance was intent on an almost ‘all or nothing‘ confrontation with Russia. The only limitation on the western alliance was a nuclear showdown through direct military action against Russia.
We can debate the individual motives of the NATO leaders who aligned with the sanctions against Russia, and whether they knew they were participating in a series of events that would only follow one direction, but the economic outcome was never in doubt. Inflation that hits the citizens, fuel and gasoline prices that crush the working class, scarcity of goods and the potential for world-wide food issues are a consequence. The people attached to the World Economic Forum are not stupid – ideological, yes, but not stupid. They knew this would happen.
The International Monetary Fund (IMF) is a global financial mechanism located in Washington DC. According to the U.S. Treasury Department,
“The IMF is an organization of 189 member countries that works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth.”
Put in succinct terms, the IMF is the financial control mechanism for western government.
…”the war may fundamentally alter the global economic and geopolitical order should energy trade shift, supply chains reconfigure, payment networks fragment, and countries rethink reserve currency holdings.” (LINK)
When the IMF said the Ukraine conflict “may” trigger a new world order of global economic and financial systems, we should pay attention, because behind those statements is a reality that no one is openly discussing, yet.
Think of it this way… If Russia was to just simply withdraw from Ukraine, do you think the western financial sanctions and multinational corporations would just reverse themselves? Of course not. What was never mentioned in the sanction package, pushed by NATO and western alliance, was the no retreat Rubicon they created. Removing Russia from the SWIFT financial exchange was/is irreversible; so too are the global banking sanctions triggered by political will.
Klaus Schwab and the WEF/Davos crowd will look happily at a western financial system valued on the currency of a collaboration of nations similar in value to how the Euro was established.
The central bankers in the EU, the IMF, the World Bank, and the WTO will all work on this new fragmented financial system. Perhaps the underlying currency will be digital, which aligns with the need for a western styled digital identity.
This is a direct outcome of the DC political system, NATO, western government and the multinational corporations all aligning to take advantage of the crisis that Ukraine presents.
The new financial mechanisms will likely line up with the Build Back Better program of clean energy and carbon trading. All of the systems merge together into one unified western valued global financial system.
It’s stunning how no one in Washington DC is seemingly against this outcome. It’s almost as if they realize, in the biggest of big pictures, the scale of the U.S. debt and deficit is so large that a massive reset is needed. [Insert Captain Obvious Here]
Regardless of the Ukraine outcome, Putin, Xi, Obama and Klaus Schwab have already won. The only real losers are American citizens, many of whom were duped into putting Ukraine flags in their social media avatars without thinking about the longer-term consequences.
In the United States, the people behind Biden and the extreme leftists are rapidly advancing their ideological quest toward the “Green New Deal.”
Coal, oil, and gas exploration/development have been slowed, stymied and halted as the administration chases clean renewable energy goals.
However, the current problem is there’s no intermediate system of energy production to support their push. This is driving energy costs through the roof, and that problem is magnifying inflation created by prior spending.
During their collective pandemic response, western governments all followed the blueprint laid out by the World Economic Forum (WEF), which was, in essence, to shut down human activities, lock down economies and then spend massively to fill the void. Almost all western leaders followed this exact advice and spent tens-of-trillions in direct subsidies to people and businesses during their lockdowns and COVID mitigation efforts.
At the end of this interventionist rainbow, the collective was instructed to “build back better,” where the economies they destroyed would be rebuilt through the priority prism of ‘climate change.’ However, just like the absence of any U.S. energy transition, the WEF program also did not have a mechanism to bridge the change from ‘dirty’ to ‘clean’ energy.
All of the western government spending during their COVID plan has created two big issues (crisis):
♦ First, massive inflation in every nation who followed the government spending approach. Not coincidentally, the national rate of inflation in every nation directly correlates to the scale of their spending in relationship to their GDP. Global inflation is raging amid the nations that locked down and then subsidized the missing economic activity with government spending.
♦ The second crisis is simple. All of that unsustainable spending has created massive government debt, that has to be paid back. The debt level within the western nations skyrocketed.
However, if you take the outlook that WEF instructions were based on forethought this inflation and debt was going to be a natural consequence, a crisis created by following the plan, then it’s also likely the way out of the debt was always going to be inflation.
How else could the World Economic Forum members possibly expect to pay for their:
(a) current spend level, and
(b) grand “build back better” agenda?
That global banking system and multinational financial outlook puts a very important context to how the west would look at the non-western financial trade mechanisms as a threat.
Additionally, if this financial and banking issue is the true motive of western government, then suddenly a lot of our internal conservative political pro-Ukraine anti-Putin commentary starts to make sense.
People have wondered why folks like Mark Levin, Ben Shapiro and other conservative voices have been pounding the table demanding U.S. military involvement and more punitive actions against Vladimir Putin. In the U.S., people have wondered why suddenly a major section of the Republican establishment have aligned with the position of the WEF, UN, NATO, World Bank, George Soros, Hillary Clinton, etc.
If you accept the global banking system and international financial system is on the precipice of a great cleaving, then suddenly the severe position of those voices makes sense. Follow the money.
The global economic problem (debt and inflation) was directly caused by the collective western government response to COVID. However, now there’s another aspect that makes the debt and inflation seem small by comparison. Changing the energy baseline of western economies away from oil and gas has moved from esoteric theory into actual practice.
Within the great reset, people are collateral damage…..
….And that’s why they need everyone to blame Vladimir Putin.
This market is way overvalued historically...even for good times.
Much more so for the inflation turned depression that awaits us.
Nero had to let Rome burn so he could build his shrine to himself
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