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Banking update from BigRed regarding frozen accounts in Canada. https://www.tiktok.com/@bigred19755/video/7089478089297693957 Bank accounts are still frozen and some of the organizers of the Canadian Freedom Convoy are being denied banking services. Communism and intolerance is alive and well in Canada. Do not ever forgive and forget about what the Castreau regime and the private fiat central banking system did to freedom loving Canadians.
Join our discussion group: t.me/BankrunCanada
Join our discussion group: t.me/BankrunCanada
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Is the Globe and Mail correct in assuming that just because there is more fiat in circulation, it will derail the CBDC project which is being rolled out in Canada? Or will the banksters and their Castreau regime puppets go ahead with their plans either way?
Quick note to The Globe and Mail: Fiat is NOT "money".
Join our discussion group: t.me/BankrunCanada
Quick note to The Globe and Mail: Fiat is NOT "money".
Join our discussion group: t.me/BankrunCanada
https://www.goldmoney.com/research/goldmoney-insights/value-destruction
"One of the fatal errors made by the macroeconomic establishment is about inflation. The proper definition is that inflation is the debasement of a currency by increasing its quantitiy. It is not about an increase in the general level of prices, which is what the economic establishment would have us believe.
The reason this is particularly relevant is because governments through their central banks have come to rely on increases in the quantity of currency and credit to supplement taxes, allowing governments to spend more than they receive in terms of revenue. To properly describe inflation draws unwelcome attention to the facts."
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"One of the fatal errors made by the macroeconomic establishment is about inflation. The proper definition is that inflation is the debasement of a currency by increasing its quantitiy. It is not about an increase in the general level of prices, which is what the economic establishment would have us believe.
The reason this is particularly relevant is because governments through their central banks have come to rely on increases in the quantity of currency and credit to supplement taxes, allowing governments to spend more than they receive in terms of revenue. To properly describe inflation draws unwelcome attention to the facts."
Join our discussion group: t.me/BankrunCanada
Goldmoney
Value destruction - Research - Goldmoney
In recent articles I have argued that the era of a financialised fiat dollar standard is ending. This article takes my hypothesis further and explains that it is not just the emergence of new commodity backed currencies in Asia that will threaten the dominance…
https://www.rt.com/business/554431-russia-dump-dollar-currencies-trade/
"The minister added that Western Europe and the US are now experiencing hyperinflation, which 'affects the development of industrial sectors and the economy as a whole.'”
Russia knows that Western countries are in a dire economic situation. Price inflation is primed to get worse and worse. On top of that, stock markets are suffering and will completely collapse at some point unless the central banks turn around and stop with the interest rate hikes. Western society has reached it's endgame! Act accordingly!
Join our discussion group: t.me/BankrunCanada
"The minister added that Western Europe and the US are now experiencing hyperinflation, which 'affects the development of industrial sectors and the economy as a whole.'”
Russia knows that Western countries are in a dire economic situation. Price inflation is primed to get worse and worse. On top of that, stock markets are suffering and will completely collapse at some point unless the central banks turn around and stop with the interest rate hikes. Western society has reached it's endgame! Act accordingly!
Join our discussion group: t.me/BankrunCanada
RT
Russia urges allies to dump dollar and euro in trade
Russia calls on partners within the EAEU, BRICS and SCO to switch from the US dollar and the euro in mutual trade to national currencies
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https://internationalman.com/articles/the-benefits-of-economic-collapse/
"It’s important to bear in mind that real wealth never disappears; it merely changes hands.
To prepare for the new game, the objective would be to liquidate all or most stocks, bonds and hard assets such as real estate, in advance of a crash."
In short, for those who see the collapse coming and get prepared, it will be a time when great fortunes are made. It is up to each individual if they will be a victim of the collapse or if they will benefit greatly from it.
Join our discussion group: t.me/BankrunCanada
"It’s important to bear in mind that real wealth never disappears; it merely changes hands.
To prepare for the new game, the objective would be to liquidate all or most stocks, bonds and hard assets such as real estate, in advance of a crash."
In short, for those who see the collapse coming and get prepared, it will be a time when great fortunes are made. It is up to each individual if they will be a victim of the collapse or if they will benefit greatly from it.
Join our discussion group: t.me/BankrunCanada
Doug Casey's International Man
The Benefits of Economic Collapse
Preparation for a major crisis requires a fair bit of time. Many people are belatedly coming to realise that they may be caught with their pants down when the initial crashes begin.
https://www.nasdaq.com/articles/hungary-lifts-interest-rates-by-another-100-bps-as-inflation-risks-mount
"March core inflation hit its highest in more than two decades, signalling strong underlying price pressures in the economy where domestic demand is buoyed by fast wage hikes and tax breaks handed out to families earlier this year."
Many central banksters are attempting to get a grip on price rises by raising their interest rates. They want to appear like they are doing *something* to help the common man when they are the people who created the problem in the first place by printing the fiat currency into oblivion.
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"March core inflation hit its highest in more than two decades, signalling strong underlying price pressures in the economy where domestic demand is buoyed by fast wage hikes and tax breaks handed out to families earlier this year."
Many central banksters are attempting to get a grip on price rises by raising their interest rates. They want to appear like they are doing *something* to help the common man when they are the people who created the problem in the first place by printing the fiat currency into oblivion.
Join our discussion group: t.me/BankrunCanada
Nasdaq
Hungary lifts interest rates by another 100 bps as inflation risks mount
Hungary's central bank raised its base rate by a further 100 basis points to 5.4% on Tuesday, responding to mounting inflation which is at its highest level in two decades.
https://www.reuters.com/world/middle-east/kazakhstans-central-bank-says-raises-policy-rate-140-2022-04-25/
"The bank said it saw room for further monetary tightening if it deems it necessary at its next policy meeting on June 6.
Annual inflation in the oil-exporting Central Asian nation surged to 12% in March from 8.7% a month earlier as the tenge currency plunged alongside the Russian rouble in response to Russia's invasion of Ukraine and international sanctions imposed on Moscow."
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"The bank said it saw room for further monetary tightening if it deems it necessary at its next policy meeting on June 6.
Annual inflation in the oil-exporting Central Asian nation surged to 12% in March from 8.7% a month earlier as the tenge currency plunged alongside the Russian rouble in response to Russia's invasion of Ukraine and international sanctions imposed on Moscow."
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Reuters
Kazakhstan's central bank says raises policy rate to 14.0%
Kazakhstan's central bank raised its policy rate on Monday to 14.0% from 13.5% in a move it said reflected its commitment to tackling inflation.
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https://www.wingsmagazine.com/key-interest-rate-could-soon-go-up-another-half-point-central-bank-says/
"Canada’s inflation rate hit a three-decade high of 6.7 per cent in March, well above what the central bank projected in its January monetary policy report...
...Macklem acknowledged that seeing mortgage payments and other borrowing costs increase as a result can be worrying for Canadians."
Banksters are already signalling to Canadians that interest rates will be rising...even more. Anyone with a huge, adjustable rate mortgage will get destroyed in this environment and the banksters know it. Are they doing this on purpose so that Canadians will "own nothing and be happy"?
Join our discussion group: t.me/BankrunCanada
"Canada’s inflation rate hit a three-decade high of 6.7 per cent in March, well above what the central bank projected in its January monetary policy report...
...Macklem acknowledged that seeing mortgage payments and other borrowing costs increase as a result can be worrying for Canadians."
Banksters are already signalling to Canadians that interest rates will be rising...even more. Anyone with a huge, adjustable rate mortgage will get destroyed in this environment and the banksters know it. Are they doing this on purpose so that Canadians will "own nothing and be happy"?
Join our discussion group: t.me/BankrunCanada
Wings Magazine
Key interest rate could soon go up another half point, central bank says - Wings Magazine
OTTAWA — Canada's key interest rate could go up another half percentage point in June to help wrestle inflation under control, Bank of Canada governor
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https://www.bloomberg.com/news/articles/2022-04-25/mexico-discussing-price-pact-with-top-firms-to-tame-inflation
"Inflation in Latin America’s second-largest economy reached 7.72% in early April, more than double the central bank’s 3% target. Lopez Obrador said Monday that he will present a plan that will make prices of Mexican staples less exposed to the volatility of global food markets."
Price controls only lead to shortages. Centrally controlling prices is usually what government try to do when prices start rising uncontrollably. Politicians never admit that their policies of printing fiat currency with no regard to the consequences is what causes runaway inflation in the first place.
Join our discussion group: t.me/BankrunCanada
"Inflation in Latin America’s second-largest economy reached 7.72% in early April, more than double the central bank’s 3% target. Lopez Obrador said Monday that he will present a plan that will make prices of Mexican staples less exposed to the volatility of global food markets."
Price controls only lead to shortages. Centrally controlling prices is usually what government try to do when prices start rising uncontrollably. Politicians never admit that their policies of printing fiat currency with no regard to the consequences is what causes runaway inflation in the first place.
Join our discussion group: t.me/BankrunCanada
Bloomberg.com
Mexico Discussing Price Pact With Top Firms to Tame Inflation
Mexico’s government is seeking a pact with private companies to limit price increases of basic items, in a bid to tame inflation that has failed to budge from two-decade highs, the president’s spokesman Jesus Ramirez told Bloomberg News.
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https://summit.news/2022/04/25/italy-to-start-rationing-energy-to-support-ukraine/
"Of course, under the Great Reset, serfs on the globalist plantation are being asked to reduce their living standards, while elitists and technocrats who set the policies will continue to enjoy first class travel, the best food on offer, and every imaginable luxury comfort."
Pretty soon, this reduction in living standards of the average serf will include being homeless (due to rising interest rates pricing most people out of the housing market) and hungry (due to raging price inflation of food).
Join our discussion group: t.me/BankrunCanada
"Of course, under the Great Reset, serfs on the globalist plantation are being asked to reduce their living standards, while elitists and technocrats who set the policies will continue to enjoy first class travel, the best food on offer, and every imaginable luxury comfort."
Pretty soon, this reduction in living standards of the average serf will include being homeless (due to rising interest rates pricing most people out of the housing market) and hungry (due to raging price inflation of food).
Join our discussion group: t.me/BankrunCanada
summit.news
Italy to Start Rationing Energy to ‘Support Ukraine’
Public buildings banned from running air con lower than 25 degrees.
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This is a very interesting development. The writing is on the wall that fiat currencies are in an accelerating downward spiral into the abyss of hyperinflation. It will be fascinating to watch the death of fiat over the next few months. Buckle in everyone, it will a bumpy ride!
Join our discussion group: t.me/BankrunCanada
Join our discussion group: t.me/BankrunCanada
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More bad news for food prices.
https://www.wsj.com/articles/indonesia-worlds-largest-palm-oil-producer-bans-exports-of-ubiquitous-commodity-11651083436
"Starting Thursday, Indonesia—which accounts for 60% of global supply—will stop palm-oil exports, a sweeping decision that will make cooking meals more expensive for families around the world and cause headaches for a range of food and cosmetics manufacturers."
Join our discussion group: t.me/BankrunCanada
https://www.wsj.com/articles/indonesia-worlds-largest-palm-oil-producer-bans-exports-of-ubiquitous-commodity-11651083436
"Starting Thursday, Indonesia—which accounts for 60% of global supply—will stop palm-oil exports, a sweeping decision that will make cooking meals more expensive for families around the world and cause headaches for a range of food and cosmetics manufacturers."
Join our discussion group: t.me/BankrunCanada
https://twitter.com/Frank_Giustra/status/1519667209060032512
I agree with Frank Giustra. The FED will not be able to raise the Fed funds rate much higher without completely destroying the stock market, housing market, along with GDP (which is mostly consumption). They will start easing monetary conditions quicker than most people realize.
Join our discussion group: t.me/BankrunCanada
I agree with Frank Giustra. The FED will not be able to raise the Fed funds rate much higher without completely destroying the stock market, housing market, along with GDP (which is mostly consumption). They will start easing monetary conditions quicker than most people realize.
Join our discussion group: t.me/BankrunCanada
Twitter
Frank Giustra
Like I have been saying, there is no way the Fed can raise rates in any material way-Equities will rally on this news. -U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit. cnbc.com/2022/04/28/us-…
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Everyone is talking and thinking about inflation these days as it doesn't seem like the central banks will get a handle on it anytime soon. Commercial banks know what comes next and they are getting ready.
Anyone with any sense should take a page out of the banks' playbook and start to get ready themselves. The financial hurricane is upon us and many people will not survive it.
Join our discussion group: t.me/BankrunCanada
Anyone with any sense should take a page out of the banks' playbook and start to get ready themselves. The financial hurricane is upon us and many people will not survive it.
Join our discussion group: t.me/BankrunCanada
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https://wolfstreet.com/2022/04/27/mortgage-volume-gets-crushed-by-spiking-interest-rates-what-it-means-for-future-home-sales-and-consumer-spending/
"Mortgage applications to purchase a home fell further this week and were down 17% from a year ago, hitting the lowest level since May 2020, according to the Mortgage Bankers Association’s weekly Purchase Index today...
...The average interest rate for 30-year fixed rate mortgages with 20% down and conforming to Fannie Mae and Freddie Mac limits, jumped to 5.37%, the highest since August 2009, according to the Mortgage Bankers Association’s weekly measure today."
Join our discussion group: t.me/BankrunCanada
"Mortgage applications to purchase a home fell further this week and were down 17% from a year ago, hitting the lowest level since May 2020, according to the Mortgage Bankers Association’s weekly Purchase Index today...
...The average interest rate for 30-year fixed rate mortgages with 20% down and conforming to Fannie Mae and Freddie Mac limits, jumped to 5.37%, the highest since August 2009, according to the Mortgage Bankers Association’s weekly measure today."
Join our discussion group: t.me/BankrunCanada
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The World Economic Forum is out with a new video. Yes, this is the same Satanic organization that brought you the Great Reset after which you will "Own nothing and be happy"!
For all of you Bitcoin haters out there, this video is for you. Ask yourself, why would the WEF release this propaganda video about changing Bitcoin's code to Proof of Stake?
It's because they DO NOT control Bitcoin but really really want to. Proof of Work was the REAL *innovation* in the Bitcoin code. Proof of Work prevents these adversarial (and anti-human) demons from controlling Bitcoin the way they control the printing press.
Join our discussion group: t.me/BankrunCanada
For all of you Bitcoin haters out there, this video is for you. Ask yourself, why would the WEF release this propaganda video about changing Bitcoin's code to Proof of Stake?
It's because they DO NOT control Bitcoin but really really want to. Proof of Work was the REAL *innovation* in the Bitcoin code. Proof of Work prevents these adversarial (and anti-human) demons from controlling Bitcoin the way they control the printing press.
Join our discussion group: t.me/BankrunCanada
https://abcnews.go.com/Business/wireStory/australian-central-bank-decides-rate-hike-11-years-84461503
Australia joins the interest raising party on Tuesday May 3 and the RBA is signalling more rate raises to come. First rate rise in 11 years.
"Inflation in the latest March quarter was sharply higher than the 3.5% three months earlier. The March result was driven by a surge in fuel and housing costs as well as food shortages..."
Join our discussion group: t.me/BankrunCanada
Australia joins the interest raising party on Tuesday May 3 and the RBA is signalling more rate raises to come. First rate rise in 11 years.
"Inflation in the latest March quarter was sharply higher than the 3.5% three months earlier. The March result was driven by a surge in fuel and housing costs as well as food shortages..."
Join our discussion group: t.me/BankrunCanada
ABC News
Australian central bank hikes rate for 1st time in 11 years
Australia’s central bank has lifted its benchmark interest rate for the first time in more than 11 years
https://www.bloomberg.com/news/articles/2022-04-29/colombia-raises-key-rate-to-5-year-high-as-growth-outpaces-peers
"Peru raised its key rate by half a percentage point this month, and Brazil, Mexico, and Chile have also been tightening policy in recent weeks.
Annual inflation accelerated in March to a six-year high of 8.5%. The central bank will continue to tighten policy at its next two meetings, according to the bank’s most recent survey of economists."
Central banksters are worried about inflation because they know that runaway inflation will put an end to their rule over humanity. How much pain will equity and housing markets experience before the printing presses are turned way up again?
Join our discussion group: t.me/BankrunCanada
"Peru raised its key rate by half a percentage point this month, and Brazil, Mexico, and Chile have also been tightening policy in recent weeks.
Annual inflation accelerated in March to a six-year high of 8.5%. The central bank will continue to tighten policy at its next two meetings, according to the bank’s most recent survey of economists."
Central banksters are worried about inflation because they know that runaway inflation will put an end to their rule over humanity. How much pain will equity and housing markets experience before the printing presses are turned way up again?
Join our discussion group: t.me/BankrunCanada
Bloomberg.com
Colombia Raises Key Rate to 5-Year High as Growth Outpaces Peers
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https://wolfstreet.com/2022/05/02/us-manufactures-inflation-is-out-of-control-has-not-peaked-but-intensified-amid-strong-demand-shortages-and-lengthening-lead-times/
"Manufacturers reported that inflation in April 'accelerated' and inflationary pressures showed 'no signs of relenting,' amid 'sharper increases in cost burdens and selling prices,' and continued shortages from suppliers with lead times from suppliers lengthening further, as suppliers struggle with 'severe material and capacity shortages...'"
Yes, prices are rising uncontrollably now and will do so for the foreseeable future. Yet precious metals prices are tanking as spot (read paper) Gold has been driven below USD 1900 again. The controllers are desperately manipulating the precious metals market to prevent the entire fiat system from blowing up. I doubt they will succeed in the long run.
Join our discussion group: t.me/BankrunCanada
"Manufacturers reported that inflation in April 'accelerated' and inflationary pressures showed 'no signs of relenting,' amid 'sharper increases in cost burdens and selling prices,' and continued shortages from suppliers with lead times from suppliers lengthening further, as suppliers struggle with 'severe material and capacity shortages...'"
Yes, prices are rising uncontrollably now and will do so for the foreseeable future. Yet precious metals prices are tanking as spot (read paper) Gold has been driven below USD 1900 again. The controllers are desperately manipulating the precious metals market to prevent the entire fiat system from blowing up. I doubt they will succeed in the long run.
Join our discussion group: t.me/BankrunCanada
Wolf Street
US Manufactures: Inflation Is “Out of Control,” Has Not Peaked, but “Intensified” amid Strong Demand, Shortages, and Lengthening…
“Efforts to stockpile” input materials to counter price increases and shortages. But finished products inventories continued to fall.