The last financial crisis happened in 2008 after Lehman Brothers collapsed on 15 September. Many commodities had already peaked in June of that year after quickly accelerating upwards. Many of those peaks represented 50 year highs.
Since the first lockdowns in 2020, a similar pattern has emerged. The situation in Ukraine is accelerating things even further and we are now nearing those 50 year highs again.
Natural gas levels are high but nowhere near the levels seen in 2008. Strange, seeing as Russia supplies so much gas to Europe.
Inflation is not going away as the forecasters forecasted (shock). If only there were some global events taking place on which to blame the looming financial crisis on (sarcasm).
Combined with these price pressures are supply pressures. Russia supplies 40% of Europe’s fertilizers and if we suddenly stop trading with them (or they stop supplying us - they have already paused supply), then growing food is not going to be so easy.
Is Russia about to go back on the gold standard? Is the dollar about to lose its world reserve currency status? Is a new digital currency going to rise from the ashes (If so, you lose 25 social credit points for reading this newsletter).
Below is a look at some worrying sharp rises in commodities.
The Naked Emperor’s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Collapsing the economy and introducing the threat of total annihilation seem like complementary strategies for bringing about a reset that we are encouraged to believe we want.
A one-world government and the elimination of nation states with conflicting interests, needs and resources, all controlled from the top down by a benevolent body like the UN might seem like a least worst option compared to a nuclear winter.
And in the face of starvation and hypothermia, a central bank bailout of the failed capitalist structures of the past could be presented as the shining light of progress and redemption. Given the alternatives that are being put in place.
Nothing is unconnected. Climate, Covid, currency, energy, war, all these things are leading somewhere. Rothschilds’ fingers are all over this unfolding dystopia.
According to the Babylon Bee Putin has received the Nobel Prize in Medicine for eliminating the Covid Pandemic.
so that puts me at -25, do i have to wear a mask or something now?
Where are we on Putin? On one hand history suggests he has been provoked into this by the broken promises of.the west re NATO expansion, Minsk agreements and Biden et al financiallly benefitting from UKR corruption etc etc. On the other hand if as people say, this is all part of a grand plan to crash the economy then are people saying he is party to that plan? I find it hard to believe that someone like Putin would prostrate himself on the world stage for such flagellation in order to bring about the NWO. I'm.inclined toward the theory of Putin finally going up against Davos in defence of his nation. But that means either Davos (by which I mean most or all western politicians, corporations etc) have either engineered this reaction from Russia by poking the bear once they had all their financial chess pieces in place or they genuinely had no idea he would go so rogue and are seizing on the opportunity: But that means he's caught them on the hop and surely it follows that they can't possibly know how this will pan out for them. And no one is mentioning China in all this - as if they aren't knee deep in this too. So many what ifs.....
1.0 Smash the economy of the middle class.
1.1 Give them someone to blame at home, and someone to hate abroad.
Appendix to 1.0: make sure to enable cut-offs and break points for your underlings, the managerial and propaganda classes, to keep them loyal.
Appendix to 1.1: make sure the designated victim is a without recourse or power, and that they have been thorougly dehumanised first.
And do not forget to create and feed divisive ideas among the citizenry, interspersed with entertainment.
Repeat as necessary: since you are rich, it doesn't matter if you wreck the country you live in. You can always move somewhere else. As G. K. Chesterton put it in 'The Man who was Thursday':
"“You've got that eternal idiotic idea that if anarchy came it would come from the poor. Why should it? The poor have been rebels, but they have never been anarchists; they have more interest than anyone else in there being some decent government. The poor man really has a stake in the country. The rich man hasn't; he can go away to New Guinea in a yacht. The poor have sometimes objected to being governed badly; the rich have always objected to being governed at all. Aristocrats were always anarchists”
Guess why the rich are liberal cosmopolitians /and/ fascist corporativist totalitarians?
It gets them the best of all possible outcomes. And us the sh*t end of a stick we have to pay them to hold on to.
The recurring crises trace all the way back to the Panic of 1907, when criminal-minded oligarchs began demanding the creation of a central bank in the US -- so that bad risks could be undertaken privately, while spreading the pain around publicly.
The intention from the start (from 1913 going forward) was to privatize gains and to socialize losses.
Less than a year and three months ago, the US had very low inflation, little prospect of a financial crisis, and was producing more energy than it could use. Due to the new energy policy of the “Biden Administration”, this stopped, the US became dependent on Russia - and this made Putin’s invasion possible, because then he had leverage over the US - and a steady source of funds. Of course, this isn’t the first time in recent years that the US National Security State and Military Industrial Complex have funded and given material support to both sides in a foreign war - it was the case most recently with the al-Nusra Front, supported with US weapons from CIA - and the US Army was fighting them - and both sides were consuming huge amounts of what the Military Industrial Complex was supplying. Going farther back, to World War II, the MIC owned a plant which built Messerschmitt aircraft (General Motors) and trucks and tanks for the Wehrmacht (“German” Ford - Adolf Hitler had a life-sized portrait of Henry Ford in his office). And so this profiteering is nothing new. So right now, the same thing is going on - the US is bankrolling Russia - and then selling Javelin missiles and other armaments to Ukraine. Embargoing Russian oil and gas and producing our own - which can be done quickly - shut-in wells can be brought back on line, pipelines can be re-started - would cut off a serious source of funding. Yet the “Biden Administration” fails to do this, citing pretty much nonsense reasons, and in the meantime the Military Industrial Complex gets richer - perhaps when Lenin said that “the capitalists will sell us the rope we use to hang them with”, he was correct.
I'm not worried and well positioned to take advantage of this. Maybe not the timing of it, but otherwise easy to predict as resources are finite or in the case of biology, overharvested (overshooting carrying capacity). Its the eat drink and be merry crowd that ought to be worried, except that, they aren't. Lower dependence on this system, start now. Start by planting a garden.
Professor Fabio Vighi got it right. COVID was caused by the looming financial crisis, not the other way around. These engineered events only postpone the inevitable. The "solution" for 2008 disaster was to inflate assets prices. That is still their main "solution". We can easily anticipate the results of such remedies. At some point even fast cycled crisis stop working - they probably plan to pull the plug on this house of cards. It will be painful and they will probably suspend constitutional frameworks. We are about to find out what’s it like to live under iron heel rule.
"Natural gas levels are high but nowhere near the levels seen in 2008. Strange, seeing as Russia supplies so much gas to Europe."
Last piece of the jigsaw?
I have always said that this is the main area people should be paying attention to, Have always had an economic news section on my site and the links there are probably the least looked at. They should be the most looked at. The financial collapse is just as important as any geo-political news or covid news. In fact, everything else is just distraction. Linking your article as usual @https://nothingnewunderthesun2016.com/
Doc Martensen seems to think in similar ways (no time yet to listen through it)
Meanwhile, there is no threat to the supply of bullshit on the legacy/mainstream media.
Another scenario: BRICS replaces dollar with new currency, collapsing the dollar. Russia returning to gold standard would not solve cultural meltdown in Russia, nor reverse negative birth rate. If Russia did this, it would require other players. The natural is BRICS. Those 5 countries have nearly half the global population. About 25% GDP.
The US should go back on a gold standard since clearly the Fed can't resist printing more money and adding debt to cover profligate spending now to consume the future (our children's) wealth. The Fed can't increase the money supply to match new US wealth created, thus the dollar has no real value, which is exactly the opposite of its purpose.
I can highly recommend BlockchainBacker on the macroeconomics.
Nasdaq just shy of a 4.2 Fibonacci extension from Dot-com crash
S&P500 just shy of a 4.2 Fibonacci extension from Credit Crunch
Bitcoin just kinda missed 4.2 Fibonacci extension by a tad.
All confluencing soon.... Just as US politicians and Federal Reserve execs are going to have to sell all their stocks "on moral grounds"