Economic pressures

[Danny B]

The PTB are well aware that automation leaves very little for the working man to do. The Great Reset is an attempt to change every facet of the whole system. "They" talk about social justice and equality. Mother nature does not do equality. She pushes improvement and culling. Socialism attempts to prevent culling of people who contribute nothing to the general well being of society as a whole.
In a general sense, society is managed and coordinated by the State.
Armstrong, "Governments are simply incapable of proper management of society, for every action they take is to retain their own power. They will not act in the self-interest of the people or the nation. It is not that they may even do this in a knowing manner. They simply think they are preserving the nation when that to them is government."
Armstrong claims that all this lockdown mess is an attempt to maintain & preserve control in the face of a coming sovereign bond default.
https://www.armstrongeconomics.com/i...ower-underway/

Socialism always bankrupts a country. Will world socialism bankrupt the world?
Hundreds of millions of bureaucrats "work" for the government. Most of they would not be qualified for their current salaries if they worked in the private sector.
Parkinson's Law says that their numbers grow by 6% a year.
It is the NON-producers who demand an elastic currency. The farmer doesn't need speculation & currency inflation to survive.
It is the beggars, bankers and bureaucrats that depend on the theft of inflationary policies.

A fiat currency is the hallmark & requisite of a State that ventures too far into welfare & warfare. A gold standard limits both of these aberrations.
The demands of most Western States for welfare & warfare were previously met with the "inflation tax". A gold standard severely limits the inflation tax. A fiat currency is necessary. In our current situation, the demands of government-sponsored welfare have out-stripped the ability of an inflated fiat currency to meet all those demands.
A digital currency is seen as the answer to finance the new socialism (The grossly inflated rolls of State dependents.)
Armstrong strongly predicts a crash of sovereign bonds. This implies a crash of State support for the new socialism.
Can digital currency manipulations be substituted for sovereign bonds? Can the new socialism be financed by the creation of super-elastic digital currency without creating hyperinflation?

Armstrong, "Who knows what the Deep State has in mind. Our model does not look well post-2022"
https://www.armstrongeconomics.com/i...-behind-biden/

Armstrong, "The Monetary Crisis Cycle & Sovereign Debt Crisis. Granted, they may be doing this because of our models, but only because they are also trapped by their negative interest rates and cannot raise them anymore. The central banks are screaming behind the curtain, “Hey, this isn’t working!” I warned that Big Bang would begin 2015.75. Indeed, the ECB moved to negative interest rates in 2014. They never considered what would happen it that experiment failed."
https://www.armstrongeconomics.com/i...ower-underway/

[Danny B]

Ronald Reagan famously said, "if it moves tax it... if it doesn't move, subsidize it"

Keynes said, "We need perpetual stimulation through perpetual war."

FED GOV pumped in $trillions through the banks and arms industry. The idea was; there would be a trickle-down to the working man. There was a trickle-down in wages BUT, it was offset by even faster inflation of prices.

The FED was created in 1913 and, the economy crashed 16 years later. The bankers scooped up every dollar to speculate on everything. The Glass-Steagal act of 1932 separated investment banking from retail banking so that the speculators wouldn't have your money to buy up everything and "front run" your every purchase.

"November 1999, President Bill Clinton publicly declared "the Glass–Steagall law is no longer appropriate"

1999 Gramm–Leach–Bliley Act (GLBA), which repealed the two provisions restricting
Regulatory capture brought us crony capitalism that was a very close cousin to outright fascism.

Then came Trump, From X22;
"Donald Trump has just taken over the Federal Reserve ....dare Isay it? "IN A HOSTILE TAKEOVER.....:-) He has just cut off the Cabals money (cut their balls off) and changed the entire worlds monetary system with one blow. Our central bank as well as everyone else's will HAVE to change"

Historically, State stimulus was channeled through the bond market & banks first. Once Trump got control of the FED, he put them to work figuring out how to destroy the private banks. 50% of the cost of everything that you buy is for interest expense. The FED now has a comprehensive plan to bypass the bankers.
In Unprecedented Monetary Overhaul, The Fed Is Preparing To Deposit "Digital Dollars" Directly To "Each American"

https://www.zerohedge.com/markets/lo...-each-american

The article states very clearly that the banks will be "disintermediated"

The article and comments scream about high inflation of prices because of all the free money circulating. There was recently TONS of free money circulating in the UPPER loop of the economy and, it created enormous inflation in the upper loop. Shifting this stimulus to the lower loop will increase consumption but, it will not increase speculation.

Price inflation is often caused by too much money chasing too few goods. The stimulation of the upper loop caused price inflation of asset prices. It trickled down as price inflation at the same time that wages were static.
Previously, the FED was able to create new liquidity but, it was not able to direct where the money flowed.
If each and every person has an account at the FED, the FED can easily control where the money flows.

The markets are re-tracing the dot com crash in their movements.
https://www.marketwatch.com/story/th...article_inline

9/24 Stimulus checks: House Democrats push to renew second $1,200 effort – CNBC
Too clunky and cumbersome.
Sovereign debt is crashing and;
9/24 Australia’s “eye popping” budget deficit and public debt blow out – Share Cafe

Australia has an eye popping lockdown to prepare for debt default.
9/24 New Jersey’s debt of nearly $58,000 per taxpayer is nation’s highest – ForbesYeah, with socialism, you run out of people to pay the bills.

870,000 Americans Filed For First-Time Unemployment Benefits Last Week
One of the many things that just can't go on.
The States have slid into socialism but, they don't have a printing press.
https://www.zerohedge.com/political/...ay-their-bills

The stock market has given up all it's gains for the year. The default cascade won't be held off very much longer.
FED GOV MUST have some kind of plan in place to get money to people to survive.
5.1 million starved to death in Great Depression One when 44% of Americans lived on a farm.
125 million Americans received a stimulus check in a test to see just how a direct-stimulus system would work. Too much stimulus,,, nobody goes to work. Too little stimulus, everybody riots.

[BroMikey]

1569941325cfce58da4dfdc9667f98b2a0f07ed0c4d0f69723a1fcf41ebf703f.jpg

[BroMikey]

Who controls [wields significant influence] re: the 'Clinton' [D] party?
https://wikileaks.org/clinton-emails/emailid/22919
https://wikileaks.org/clinton-emails/emailid/24651
Who controls [wields significant influence] re: the 'Hussein' [D] party?
https://wikileaks.org/clinton-emails/emailid/30480
Different factions of foreign [primary] control?
Who paid _Hussein's Harvard Law Degree?
Who financed _Hussein's political life?
Who is Prince Al-Waleed bin Talal?
Why are Hussein's school records under seal?
Competing factions [each with a horse in the race] seeking direct WH control [+USMIL][+Trillions _overseas transfer of US taxpayer funds]?
All working together [coordinated][infiltration not invasion][VJ _HA].
What happens to US taxpayer funds transferred overseas under guise of AID, MIL, CLIMATE, etc.?
US taxpayers funding the destruction of America?
Q

[Danny B]

CONVERTING THE FED TO A PUBLIC BANK


TRUMP HOSTILE TAKEOVER OF FEDERAL RESERVE
Trump Takes Control of the Federal Reserve

Trump took control of the Federal reserve and, quietly tasked Powell with converting it to a public bank. The FED has 200 PHDs on it's staff and funds many economics chairs at various universities. Hopefully, this is enough brainpower for the new federal public bank to avoid a lot of pitfalls.

It also has the example of the State bank of North Dakota as a guide. This public bank has been in operation for many years and, has been very successful. The main difference being; The bank of North Dakota does not have a printing press. The bank of North Dakota does public-private partnerships with various private banks. It also deposits ALL State monies for it's internal use.
The bank of North Dakota makes loans contingent on their being an identified income stream to service the loan. They make loans for investment, NOT speculation.

The dollar has lost 97% of it's purchasing power because of price inflation. Currency & price inflation are the bread & butter of the investor (parasite) class.

By off-shoring jobs they ensured that wage inflation would always fall far short of price inflation.
The bankers create the principle but, NOT the interest to service a loan. The economy is always short of cash. There is plenty in the upper loop but, not for the workers. This keeps them working.
We have again reached the point where people just can't pay their bills. Runaway automation has made it that much worse.


The upper loop has lots of liquidity but, it doesn't flow to the workers.
The Federal Reserve is currently trying to prop up markets until the election.
Monster Rally: U.S. And Japan Pumping $10 Trillion Into Asset Bubbles

Investors pull $25.8 billion from U.S. equity funds: BofA
U.S. consumers built up an astounding $12.5 trillion in excess of savings from April through July, according to new research by Morgan Stanley

GOV knows that people just can't afford to live in America. The FED is working to make sure that you don't get kicked out of your house.
The Fed now owns over $2 trillion in mortgages, what else? – Mish
If you want to see REAL problems, just cut off the food supply.
9/25 Hunger in America, especially for children, has ‘skyrocketed’ – Intercept
Giving money to people in need is reckoned to cause price inflation.
9/24 Russell Napier on ‘monetary pyrotechnics’ and coming age of inflation – FS

Previously, most inflation was in asset prices.
Wages are a different story. They have been static.
Sending money to people to survive doesn't have to be inflationary
5 years ago, FED GOV was writing 80 million checks a month. 51% of Americans received a check from GOV. The number is higher today. The system has already been streamlined using plastic instead of food stamps and checks. Moving to an individual personal account at the Federal Reserve bank would streamline things even more.

Market Watch, "The next stimulus package must extend the unemployment benefit and provide a recurring guaranteed income of $2,000 per month, create free bank accounts at the Federal Reserve — “Fed Accounts” — for every American,"
From the Cleveland FED;
central bank digital currency (CBDC). Legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments. Other proposals would create a new payments instrument, digital cash, which would be just like the physical currency issued by central banks today, but in a digital form and, potentially, without the anonymity of physical currency. Depending on how these currencies are designed, central banks could support them without the need for commercial bank involvement"
no need for commercial bank involvement.
https://www.clevelandfed.org/en/news...-pandemic.aspx

[Danny B]

https://www.worldfinance.com/wealth-...mic-underbelly
I added this link and, it erased everything.
Original text.


The bankers have ALWAYS followed their noses to the best investments. This is invariably war & drugs. Matt Taibbi writes about the drug angle.
https://taibbi.substack.com/p/reveng...launderers-b84

https://www.counterpunch.org/2013/01...nd-drug-money/

Global banks are the financial services wing of the drug cartels
https://www.theguardian.com/world/20...ney-laundering

"To stop the types of behavior referenced in the piece, the government should take criminal actions against the people involved with the infractions. Instead of a slap on the wrist or a fine, which is like a parking ticket to the bank, there should be draconian punishments for offenders."
https://www.forbes.com/sites/jackkel.../#c466c456b3f7

If Trump & Powell can successfully convert the FED to a public bank, it will be the safest bank in the world. It has a printing press.
Assuming that it gives low / free interest loans, retail banking will all move to the FED. 51% of Americans receive a check from the GOV but, it is channelled through the private banks. If all these funds are kept in a government bank, they will not pass through private banks. If people deposit their savings in a government bank, these deposits will NOT flow to the private banks. Assuming that the FED bank emulates the bank of North Dakota and, issues loans for consumption & investment, it will avoid issuing loans for speculation.

In the case of HSBC, the stiffest penalty doled out to any individual for the biggest drug-money-laundering case in history — during which time HSBC had become the “preferred financial institution” of drug traffickers, according to the Justice Department — involved an agreement to “partially defer bonus compensation for its most senior executives.”

As punishment, HSBC was assessed a fine of 1.9 billion — about four weeks’ worth of its pre-tax profits. No bank officials who were caught red-handed will be prosecuted or imprisoned.
Russia is plagued by 4 major crime families.
Israel is home to 10 major crime families.
They all need to launder money. The banks have all proved to be willing partners.

"He uses two southern Italian regions, Apulia and Basilicata, as a case study and estimates that the presence of the local mafia has decreased GDP per capita by 16 percent over a period of 30 years."
"In 2009, the United Nations Office on Drugs and Crime (UNODC) estimated that transnational organised crime generates $870bn a year, which is close to around seven percent of the world’s merchandise exports.

Of all the illegal exploits conducted by criminal organisations, drug trafficking remains the most popular and lucrative. UNODC estimates this trade has an annual value of around $320bn,"

"We found that there is no commonly used approach to estimating the costs of crime. Researchers have estimated varying annual costs of crime in the United States that range from $690 billion to $3.41 trillion."
https://blog.gao.gov/2017/11/29/how-...es-crime-cost/

[Danny B]

The credit super-cycle was coming to an end. You can't really blame Trump & Powell from goosing markets higher during the runup to the election. I previously stated that it would be a close race between collapse and the election date. Here are some headlines. You don't really need to read the whole article.

:"Massive" Labor Income Losses Worldwide As Recovery Falters
Global labor income plunged 10.7%, or $3.5 trillion"
This is wage deflation that the CBs are fighting with stimulus. They have almost NO battle plan so, they will probably all follow the FED plan of direct deposits to individuals.
Beijing On Edge: China's 2nd Largest Property Developer Plummets Amid Fears Of Imminent Liquidity Crisis
sparking a crisis of confidence among creditors who’ve lent the world’s most indebted developer more than $120 billion."
This is all part of Trump's hybrid war on China.

Is Powell Sending An Even Louder Message: Fed Refuses To Resume Bond ETF Purchases Despite Slump
The election is close. Powell is sending a message that stimulus to the rich is going to end.
"Traders Get Whiplash After Fastest Ever Fund Flow Swing From Euphoria To Despair"
Failure To Launch New Fiscal Stimulus Would Have Catastrophic Consequences For The US Economy

"this has been the "strangest recession in history", one defined by a surge in personal income"
"he massive fiscal stimulus unleashed by the US government led to the biggest surge in personal income in history..."
"making government transfer payments an unheard of 30% of all personal income!"
"So for all those who claim that the Fed is now (and has been for the past decade) subsidizing the 1%, that's true, but with every passing month, the government is also funding the daily life of an ever greater portion of America's poorest social segments."
This is something that I have repeatedly pointed out.
"The problem is that should this firehose of benefits slow - or close completely - the economic collapse that was mitigated drastically thanks to the covid fiscal stimulus, will come back with a horrific vengeance."
https://www.zerohedge.com/markets/fa...ces-us-economy
Who cares if the billionaires are $100 billion richer as long as you have food on your table?

The new FED bank will attempt to channel money to people to spend rather than the old paradigm of channelling money to the upper loop to speculate. The PTB claimed that they needed this money to create jobs for the lower loop."
GE, Headed By 'Jobs Czar,' Cutting 950 Workers In Pa.

"Traders Get Whiplash After Fastest Ever Fund Flow Swing From Euphoria To Despair"
This is a sign of things to come as Powell winds down stimulus to the upper loop.
"US stocks see 3rd-biggest outflow in history as investors flee tech
Sep. 25, 2020,"
The crash is inevitable. The pension funds will crash completely. Powell will create currency deflation which will result in price deflation. People will receive cash directly from the FED to survive. The speculators can all eat do-do.

Where did this all start? The Bretton Woods agreement was meant to stop war financing. BUT, the U.S. was "immune" because it had the reserve currency. Unfortunately, power attracts the corrupted. "They" learned that good money could be made on the Korean War. The war was protracted to make the profits protracted. This was the same model that was used for the Viet-Nam war where America was drug in using the justification of a mutual-defence treaty. This eventually cost so much that America was forced off the gold standard. Almost ALL of the subsequent currency expansion to fund evil was initiated by the abandonment of the gold standard.
Here is an EXCELLENT article laying it all out,,, with a secondary link.
https://www.peakprosperity.com/1971-...ed-everything/

[Danny B]

I try not to demand too much reading time. I rarely post something that is a "must read".. I have a link here that is a must read. It lays out the entire agenda of the corporatists. It is from Armstrong. The article is written in German with and English translation following it. We are in the middle of a takeover of the State by the corporations. Since the State is always short of money, the banks and corporations can al;ways buy all the politicians & laws they want.
You are probably aware of the "social credit" system in China where AI watches your every move. You are punished and prosecuted for every tiny infraction.
WE don't need the increased download speed of 5G. It is strictly a control mechanism to monitor everything under the sun. WE don't need this control structure. The corporatocracy needs it.

Much of the Great Reset is orchestrated by the Greens who want to drastically shrink the economy AND stop the use of carbon energy.
Alberta, Canada is landlocked and can not export oil / tar sands if the wanker-in-chief, Trudeau wants to stop them. Trump has jumped to their rescue by "building" a railroad to allow them to export northward.
https://www.armstrongeconomics.com/m...-help-alberta/

Trudeau has dissolved Parliament because democracy just won't work with advanced fascism. He declared that canada is no longer a nation. It is the next step in the world evolution of non-States.
"We have Justin Trudeau that claims he is the First Post Nationalist Leader and that Canada is the First Post-National State."
https://www.armstrongeconomics.com/i...t-canada-fast/

Here is the main article on the fascist takeover of the State.
https://www.armstrongeconomics.com/i...rn-the-people/

[BroMikey]

[Danny B]

$300 bucks is better than nothing but, there are other problems;
"In 2020 thus far compared to 2019 (reported as "Year-to-date avg. 2019 to avg. 2020"), food-at-home prices have increased 3.3 percent"

14 Million People In Latin America, Caribbean At Risk Of Hunger, U.N. Report Says

‘Instead of Coronavirus, the Hunger Will Kill Us.’ A Global Food Crisis Looms.
The world has never faced a hunger emergency like this, experts say. It could double the number of people facing acute hunger to 265 million by the end of this year.

Very soon, there will be global competition for available food.
https://www.youtube.com/watch?v=adBadeA9YeY

"COVID-19 pandemic is profoundly disrupting the global food supply at nearly every level. Those problems, and the economic destruction caused by the virus, could have a devastating impact on the ability of people across the world to access and afford food. At least 265 million people are at risk of going hungry in 2020, according to an estimate made by the U.N. World Food Programme (WFP) in April—almost twice as many as in 2019."
"Forty million Americans face hunger each and every day."
"Although approximately one out of six Americans experiences food insecurity today,"
"In 1980, there were about 2 dozen food banks in the United States.
Today, there are more than 200, which serve 63,000 affiliated pantries and shelters."

https://www.youtube.com/watch?v=uc5O1YVGL-A

[BroMikey]

Let me explain something in a simple way. The Dem's and repub's are %70 criminal in their dealings both sides playing against the middle (ME AN YOU) and running out the clock. In this way Trump and his base look bad. The labor numbers and census numbers are designed to cover up the real picture. The truth picture is that all government jobs do is collect money. Like a teacher of a state hospital worker, police and so on. These jobs can not survive without the other half of the country who are not working. I know that the government misrepresentations are as follows: 330 million citizens with 180 working and 140 million full time positions. This means that 2 out of 4 minor children hold full time jobs as does all of the retired social security recipients. The number do not add up. Common sense shows us that there are 2-6 children in a single household a mother a father Grandpa, grandma so averaging each family has 7 people in it minimum. divide 330 million by 7 = 47 million potential workers if the male does the work. If bother husband and wife work full time which every husband and every wife does not work a full time position or a position at all. But if everybody in the country being a mother and a father worked full time this number would only be 94 million positions. But no America has 80 million more openings of working Americans for the past 2 decades. According to government data more than half the country is employed.

Why this is significant is the States and federal states show this way that if 30 million American's are out of work they can call it 10% only. Only 10% is all we here otherwise everything is fine. The proper way to explain this is the half of the full time jobs in America are not filled and other half ready to take our money, distributing it all around, are not getting anything from us and will need to return home as well in the end. Bottom line is that without us down here at the lower end of the pay scale doing the menial and very mundane tasks no one else wants to do, the essential so called workers positions are in jeopardy.

We are and have always been the burden bearers much like the task of a mule. We are the end of the line surviving on peanuts while our taxes are raked in by the billion every year. This is the painful reality. Without us the system can not survive. The left and the so called right know it and this is why we are being pushed around yet again. They hate this country. happy voting.

[BroMikey]

1564305_original.jpg

[Danny B]

I claim that unfolding automation will bring more job loss. There are counter arguments that the supposed fourth industrial revolution will bring job gains.
https://bigthink.com/technology-inno...1#rebelltitem1
This article shows a graph of how much "reskilling" will be needed for each segment of the population. It blithely ignores the fact that some people can never attain the skills needed for advanced work.
Socialism has always been a bust because it kills motivation. The stimulus checks are an effort to get people through a rough patch brought on by the lockdown.The U.K and Europe are pushing for a second lockdown to crash the system even worse. Trump is trying to avoid this;
CNN Declares Trump a ‘National Security Threat,’ Roots for Him to be Sent to Jail

The same thing is happening to the president of Belarus. They are really after him for showing that a lockdown is the worst thing to do.
Boris Johnson seems to be onboard with another lockdown. "They" need a second lockdown to kill off more of the poor around the world.
http://endoftheamericandream.com/arc...case-scenarios
WE need some kind of new energy source because energy is the master resource. The "shale miracle" is running out of steam.
https://financialpost.com/financial-...-of-bankruptcy

The lockdown was deemed necessary to flatten the curve and reduce the expected big influx to the hospitals.
The stimulus was deemed necessary to flatten the curve of new bankruptcies.
9/30 NYC hammered by 40% bankruptcy surge, braces for next wave – Zero Hedge
10/01 San Bernardino home price hits $380,000, ties 2006’s bubble-era high – SB Sun
10/01 Los Angeles county sets home-price record: $692,750 after 12% jump – DN
The hot money is trying to get out of cash.

10/01 Bill Gates: West must finance global vaccine distribution network – Zero Hedge
This might backfire. Medical researchers are coming up with a lot of alternatives to vaccination.

Armstrong, "they are indeed discussing in London using LOCKDOWNS to prevent climate change. Klaus Schwab has sold this idea that the economy can be restructured in less than a year and he is also in partners with Thomas Piketty, the French Communist economist who wants to confiscate all wealth from anyone who has more than him and redistribute it for he claims the problem with the economy is equality"
https://www.armstrongeconomics.com/i...ut-blue-skies/
Anyone who thinks that he can restructure the world economy in "less than a year" is either a blithering idiot,,,, an academic, or, an ivory tower type.

[Danny B]

The 2008 crash was caused by the banks doing too much gambling. They managed to quash ALL plans for regulating derivatives. Brooksley Born of the SEC accurately predicted what would happen. The banks were bailed out with several $ trillion. They promised to reform themselves. The banks are still in trouble and, this time they need 10 times as much bailout.
https://www.youtube.com/watch?v=Z1yMMKt8i-8

The Rand Corporation has put a number on the value of the wealth transfer from the poor to the rich,,,,,,,,,,,,$50 trillion.
https://www.youtube.com/watch?v=AZhr897ou8s
Metaphorically, they stole this money one dollar at a time.
https://www.propublica.org/article/i...for-ambulances
Financial engineering can only carry a company just so far in the face of falling consumption.
https://www.rt.com/business/502232-u...-life-support/

The government can only carry things just so far.
https://news.yahoo.com/hundreds-thou...154517222.html
Here is a graph of the quantity of money.
https://www.goldmoney.com/images/med.../XAU_PHOTO.png
It has risen vertically of late.
"It can be seen that the rate of FMQ’s growth was fairly constant over a long period of time — 5.86% annualised compounded monthly to be exact — until the Lehman crisis when the rate of growth then took off. Since Leman failed in 2008 FMQ’s total has grown nearly 300%."
NB; State payrolls rise 6% a year too.

"Already, FMQ exceeds GDP. If we take the last time things were normal, say, in 2005 when the US economy had recovered from the dot-com crash and before bank credit expansion and mortgage lending become overblown, we see that in a functioning relationship FMQ should be between 35%—40% of GDP. But with the US economy now crashing and FMQ accelerating, FMQ is likely to be in excess of 125% of GDP in the coming months."
https://www.goldmoney.com/research/g...hyperinflation

10/02 Small firm bust accelerates as bankruptcies soar in September – Zero Hedge
10/02 One million New Jerseyans to become “food insecure” by year-end – ZH
Column: Drought vaporizes Australia's share of global wheat exports
Warning Australia is running out of RICE - and may not have a single homegrown grain left by Christmas

[Danny B]

The banks are handmaidens to organized crime.
JPMorgan & four other major banks moving trillions in dirty money like the FIVE CRIME FAMILIES of NYC – Max Keiser
https://www.rt.com/business/502020-g...rime-families/
MacArthur, "History fails to record a single precedent in which nations subject to moral decay have not passed into political and economic decline.
There has been either a spiritual awakening to overcome the moral lapse, or a progressive deterioration leading to ultimate national disaster."
Without morality and self-control, there is NO effective control of people who can buy legislators. So, here we are.

Powell is converting the FED to public bank. The private banks will have very little capital. THAT will starve out organized crime.

The lockdown popped the credit bubble AND the employment bubble. The PTB know that an economy can NOT survive without widespread employment. Automation is bringing much of that to an end.
Say Goodbye To Millions Of Jobs As Events Unfold
https://www.zerohedge.com/personal-f...-events-unfold

A decade ago I pointed out that public pension funds were $2 trillion underfunded and getting worse. More than one person told me that couldn’t be right.
The Coming Pension Crisis Is So Big That It's A Problem For Everyone
Coronavirus Is Making the Public Pension Crisis Even Worse
Forbes, "Forty States In The U.S. Do Not Have Enough Money To Pay Their Bills"

OK, you get the idea. Most everybody is short on cash. Rand Corp said that the non-producers have skimmed $50 trillion from the producers.
10/04 The epidemic may trigger the financial system reset – GATA That has been the plan all along.
Americans still running on fumes of stimulus, now vanishing – Wolf Street

Yep, this is all coming on pretty quickly. The turmoil of the election will just make it worse.

Here are 100 quotes about the emergence of the NWO. Thye have NO illusion about how bad it will be.

"We are not going to achieve a New World Order without paying for it in blood as well as in words and money."
Arthur Schlesinger Jr, 1995 Issue of Foreign Affairs"
https://arstechnica.com/civis/viewto...f=55&t=1383321
"To achieve world government, it is necessary to remove from the minds of men, their individualism, loyalty to family traditions, national patriotism and religious dogmas."
Brock Chisolm, former Director of the World Health Organization"
I am the State. Thou shalt put NO god before me.

The Marxists have sold a bill-of-goods to credulous world leaders telling them that they must hasten the emergence of the NWO to make the world a better place.
An Orwellian lockdown of every thought, word and action ( as in China) is demanded by the NWO to bring world peace and, repair the planet.
People are NOT ants and, socialism will destroy us. Destroy individualism, FAMILY and religion and, you will get a REALLY messed up population.