America’s central bank has a choice – keep hiking rates and kill asset holders, or give up & let the poor starve. Which will it be? I bet on the latter!
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It is great that you are warning people about the economy. The writing regarding the economy has been on the wall for a while. I personally sold all my positions in my IRA accounts in November and started buying put options. I am up about 50% year to date. I expect this bear market to be worse than dot com bubble crash and Global Financial Crisis. It is not as easy as it sounds, but it is the best money making opportunity that comes around seemingly every 8 years now. I am not sorry that people are losing their savings, but I do not think protecting my egg nest and growing hurts anybody. This is going to happen anyway. If you have some savings, I recommend that you look at buying put options. As a rule of thumb, do not invest more than 10% of your total savings at a time because bear market rallies can be very sharp.
I agree that the Fed will capitulate and let inflation burn hot. I’ve thought this for a long time. But when inflation rips, the world will dump the dollar as the reserve currency. When that happens, the dollar becomes worthless. At that point, the stock market will not hold up, 401K values won’t hold up, housing values, etc. This is where we’re headed. It will be a barter economy at this point for awhile.
I don’t understand the logic:
America’s central bank has a choice – keep hiking rates and kill asset holders, or give up & let the poor starve. Which will it be?
Why would hiking rates kill asset holders? Many thanks
Good Man! Tolerance is for the defeated !
Appreciate all your stuff, including your use of the President’s real name. BTW – the music you feature is same piece used for the UK’s version of The Apprentice.
You had me lol with your “safe space” comment along with wearing that Hat. Keep it up mate, I love your Videos and Blog, so thank you very much for all the time and effort you put in daily to inform those of us who appreciate the truth. Thanks again.
I can’t shake the feeling that all of this is somehow being done on purpose. It’s hard for me to believe that the powers that be are this stupid. What I see is that no one screws up this bad unless it’s on purpose. Maybe I am just nuts. Your thoughts?
Personally, I concur. There is a grander plan IMHO. To totally tank and destroy the economy. This is communist’s playbook and usher in more socialist policies as a bridge to Marxism. While the low information constituency just has their thumbs up their butts blaming orange man for everything. You can’t make up how stupid and low IQ they are. Just repeating MSM talking points.
I would say that what we are looking at is not Socialism, Communism or Marxism in any way. What I see us going towards is what Benito Mussolini called “Corporatism”, which is just another name for Facism. Dr. Ron Paul has talked about Corporatism a bit on his Liberty Report. Please also check out Caleb Maupin and the Center for Political Innovation. They explain a good bit of what is going on in their own way that I find informative and interesting. Just putting it out there. I would say we are heading for “1984”, not “Animal Farm”. Unless we stop it somehow.
Tank, you neither understand ‘communism’ nor ‘Marxism’. It is true that at one time certain communists advocated “increasing internal contradictions” to precipitate revolution, but that tactic is no different than the US imposing sanctions to facilitate regime change and has been proven to be ineffective.
Marx, while not a fan of capitalism, appreciated it as the tool that brought down feudalism. His belief, common in the 19th century, was that socialism would gradually and naturally evolve out of capitalism. There is evidence of this evolution all over the world, rich countries and poor countries alike. China is perhaps the best example.
What we see evolving in the United States at this time has nothing to do with socialism (sadly), but is the consequence of hyper capitalist imperialism, the road taken by finance that Marx did not foresee.
We’re already there. Endless war, proles kept compliant with porn and drugs, middle class professionals in the outer part glued to hate on the news, all online activity monitored.
I suppose the good news is Big Sister not nearly as competent as Big Brother.
Trendy question at the moment, but I don’t get it.
At this point, does it matter if it’s intentional? Gross incompetence or evil, the effect is the same. Both call for change; arguing about semantics steals our attention.If a rabid dog is running at you, it’s breed can be reflected upon after it’s been dealt with.
I agree completely.
An American here. My household income for 2 adults working full time is around 100k per year. This is average middle class in my area of the country. We have 3 kids, 3 cars, 3 bedroom house…your average middle class family. But the wife is taking on a part time job this week to supplement our income so we can stay on top of the bills. I have also applied for a part time job without success so far.
This is my point. Average people do know something is not right. If we need two parents and 3 to 4 jobs (120+ worked hours per week) to maintain an average life…something is definitely not right. I will not believe it when I’m told inflation is less than 10 percent. I will not accept it when I’m told the economy is doing just fine. I’m furious when I’m lied to. We know it’s not good right now.
Yes thank you visiting your website now like you recommended but see you on the Duran and on Rumble on Roku. New follower. Have to learn how to “likes” on Roku TV.
Biden so far unable to deflect the blame on the Fed so or Congress but that may change as things deteriorate .
I visit the homes (via my job) of varied seniors, many Biden fans, and they REMAIN CLUELESS to the incoming storm even the poorest among them. The last 2 weeks in SW FL its become obvious even at Costco groceries are less bountiful and price increase weekly. I guess those that rely on Sam most trust him most .
Have a blessed week and thank you.
Please check out the Patriot Series by James Wesley Rawles. He has a great take on hyperinflationary/socio/economic collapse in his books and what that may look like. Just putting it out there.
You don’t seem to take a moral position on the two choices facing the Federal Reserve. Do you think the poor should be made to starve or the rich should be made to suffer a loss of their wealth? Which choice do you think is the honorable one? As for myself, I think that social solidarity demands and basic morality demands that the haves should bear the brunt of the sacrifice.
Disclaimer I am no Economist and still a bit confusing; Perhaps by Design! I Recall in 70’s When Paul Volker was head of this thing called Federal Reserve(Been informed anything but Federal). Things seemed stable back then but seems too me complicated issue with this org. because seems to be Accountable to no one ever since initiated on that fateful day on Jekyll Island.
I left this comment of your YT video but it got shadow banned and I didn’t even include the links.
Actually no, stocks don’t necessarily go to the moon with high inflation. What happens is that discretionary spending collapses, so corporates in those spaces go bankrupt so the stock price goes to zero. Also many corporates have fixed price sales contracts that they have to honour so as their input costs go up they go from being profitable to unprofitable and then bankrupt, so their stock price goes to zero, and whoever was buying from them as a supplier can no longer use that product / service this can collapse entire supply chains. The overall outcome will be more bankruptcies, in the UK they are talking about 500,000 small businesses being destroyed. Long supply chains which supply complex products and services will collapse. Will Apple / Intel / IBM be with us in a year or 5? Probably not, expect life to go back 50-100 years, much more violent crime, possible societal and political collapse, perhaps a military coup or civil war. For those who think this is an exaggeration I highly recommend the novel One Second After which deals with collapse brought on by an EMP, the author actually did his homework and researched the topic well. His conclusion was that 50%-90% of Americans would be dead within the first year but if you survived that it would be much more likely to survive as the rebuilding phase would begin.
One Second After
There is one other book i would recommend by a chap that went through the Argentine economic collapse –
The Modern Survival Manual: Surviving the Economic Collapse
Good luck everyone, I hope you’re all prepped.
It didn’t get shadow banned. I approved it certainly within 20 minutes of you posting it, possibly much sooner. Patience, patience. Cool your jets.
Oh sorry, I’m just so used to my posts getting shadow banned on YT, jets have been cooled, many apologies.
The large discrepancy between likes and views could be this. I”ve embedded the video in your blog. It’s not possible to like the video watching it through the blog.and I doubt people are watching the video then going to YT just to like it.
Thank you for this video and that post with the song from “Гостья из будущего.”
Could you provide a similar prediction on what will happen in Europe?
Some people (e. g. Gonzalo Lira) claim that in the worst case the Euro could be worthless by the autumn of 2022. I would appreciate a comment on this.
Also how likely do you estimate the chances of Germany getting cold and hungry during the coming autumn and winter?
Remark: On paper, the EU wants to impose sanctions limiting the import of energy from Russia. However, so far many of such restrictions are being circumvented. Europe still gets Russian oil (for example), just a little more expensive due to the fees of intermediaries which turn evil Russian oil into a good Indian oil.
Final question: I am a Russian citizen currently living in Europe. The only reason for me being there is my child — I need to earn money for his education and until now this was easier in Europe rather than Russia.
I have skills that are probably in demand in Russia so I can move there easily . I lived there and I mostly like it (even more so now).
My child will reach the full age which means that, if he wants, he may migrate to Russia with me.
If you were in my shoes, how would you notice that it is time to leave Europe for Russia?
In other words: Let’s assume that Europe/Germany is a sinking ship (correct me, if I’m wrong). How exactly would you determine the moment when it is time to run for the lifeboats (lifeboat being going to Russia) ?
Concise it is. In the US, we’ve been too affluent for too long. It’s made us soft, fat, and lacking in the robustness borne of hardship and struggle. Yes, riots are coming. Largely because whining is easier than rolling up your sleeves. Endless analyses and prognostication accomplish nothing tangible. We are not going to talk (or vote) our way out the mess we’re in, so persuasion is a fools errand. What good is a public platform for proselytizing if it provides no tactical wisdom for how to survive the CRAZY and remain vertical in the long run? If you really want to be of value to your readership, you may want to consider doing more than just doom & gloom prophesies. Your brain is capable of more than that.
Tactical wisdom, LOL. “If I really want to be of value…” Plenty of prepper blogs out there. Why should I reinvent the wheel? You want me to write you another prepper blog? Get outta here.
Not prepper. More like boot camp. One of the greatest crimes being committed in the Ukrainian war is the shit stain in Kiev sending untrained Territorial Defense conscripts to the front lines to face a professional Russian military. Its no different here at home. Joe Normie thinks he can play army in the woods on weekends and join a militia when the going gets tough. Same end result. You have to have a purpose and endgame in mind if you truly aspire to be leadership influence in the public square. We have enough poseurs and pretenders in DC occupying the air waves and pushing wishy-washy pablum down everyone’s throats. We don’t need more internet armchair generals, we need to educate the sane on how to regain some robustness before its too late.
Great!!! You go forth and do good things, “educate the sane” and whatever else your plans entail. You know, lead from the front. Don’t forget to take some trail mix along, and, please do post some photos!!!
The 1929 boom-bust was fixed with DEFLATION. And that is the only way you can repair artificially inflated asset prices without hyperinflation, which leaves scorched earth. Deflation is hard on everyone. But it is the least bad option. To produce deflation you need a severe credit squeeze. Commercial banks must be blocked from making virtually any loans. Governement spending is cut to the bone. Zombie companies go bust. Unemployment skyrockets. But once the deadwood is removed, real recovery becomes possible. Deflation should have been allowed to run its course in 2008; the system wanted to deflate. Deflation is anathema to economists; they have been brainwashed from the cradle to prevent it. And that is a real problem. Bring back Glass-Steagal. Ban share buy-backs and force all companies that have made share buy-backs in the last decade to reverse them. Tax banker bonuses at 99.9999% in the dollar. A free marked requies severe regulation of ‘financial services’ You will know when a banker is properly regulated; you can still hear them breathe.
According to economist Michael Hudson and MMT, ‘hyperinflation’ is always caused by either a profound supply shock or massive external debt, amounting to the same thing. Weimar Germany had odious reparations payments to make so its domestic production was literally traded off for foreign currency; the same was true for Argentina. So, the US will not experience hyperinflation, although Europe might.
Inflation itself can be thought of as a transfer of wealth caused by lack of production or by monopolists or both. It will not be ‘cured’ by rising interest rates, only worsened.
Why does JD expect covid to return? Does JD expect massive population reduction from “vaccine” and/or disease…and does he expect Deagle’s prediction of US population circa 2025 or 54 million will come to pass – had how might that affect inflation, etc?
I like the funny hat.
Since the army and other agencies of state violence are drawn from the poor and un-landed classes, I wonder how the State will, in chaotic economy, control this agency. Shall we expect mutinies?
I wonder how de-natio-ization and de-nazification may influence US ruling class. Do these people fear that?
There are strong indications of a proximate US-nazi war with China, which the US-nazi ruling class cannot win…one must consider that such a conflict will occasion the stoppage of Chinese export to US-nazi region, and that a lost war generally creates revolutionary ground…fertile soils then for “de-nazi-fication of US…will Russia and China then “rescue” the remaining people? Hold war crime trials in DC, for example…
I understand that there is still $1 Trillion earmarked for Covid in Uncle Scam’s coffers that must be spent, that’s why the bug-fears have gotta come-back…
I cant help but get the feeling that the Russians are deliberately drawing out the Donbass battle. I cant see how they could not have cut off most of the Ukrainian forces by cutting the main supply lines south of Izium at least a month ago……
They seem to be slowly strangling and attriting them instead….are they trying to get the Ukr to deploy more men into the grinder??? Why do this in Pro Russian areas where you get all the collateral damage – why not do this further West???
russians thank for javelins… https://www.bitchute.com/video/yM4s9v3JXHM6/
Re comment from Netherlands. When few years ago Russia took (rightfully) Crimea back, a Dutch colleague of mine commented that they shouldn’t be allowed to do so. When I pointed out that Crimea had been russian for centuries, he said: OK, we might let them keep Crimea but they must give back Donbas. I found it amusing that tiny Netherlands would act as the master of Russia.
The Dutch are at the heart of the ‘rules based order.’ That because the ICC, ICJ, EUROPOL, etc., are all based here that they still matter. They’re going to be in for a rude awakening.
Hell, people are already calling it a Narco state.
well, they were among the masters of the world once, with Dutch East Indies company and its chief Jan Pieterszoon Coen, responsible for numerous crimes against local population.
I’m a faithful follower of your blog and greatly appreciate your insight. However, I do think you’re overstating things here. I remember my first mortgage rate, in 1980, was 11.5% plus points. We still have a ways to go to return to the inflation of my young years and I doubt that we will get there. Could be wrong, of course, and I worry enough about inflation to have converted a big chunk of my assets to short term inflation-protected bonds. But a return to the inflation of the late Carter-early Reagan years, or worse? I’d be very surprised. Keep up your great work!! [Oh, just mentioning Reagan brings such nostalgia, considering who we have now].
Hello, faithful follower and old timer! Your 11.5% mortgage from the year 1492 is irrelevant, and you have completely missed the point. The U.S. economy at THIS time cannot handle even 6.0% mortgage rates, let alone what you were paying back in the day.
Conversely, back then, if you had assets or cash and were investing, you were getting somewhere in the region of 17% for your investment. So, if you could get 17%, and were paying 11.5% on your mortgage, it was easily affordable. The difficulty with the 11.5% mortgage is for those who have no assets or ability to invest, but are basically living off of their paycheck with no ability to save….which then coincides with the premise that the Fed will protect (and enhance) their own, rather than the ‘peasantry’.
talking about nostalgia… 80 were best years of my life. childhood in YUgoslavia without a care in the world
I recall one of the Alexes over at the Duran talking about his experience during the era of high inflation Greece. He talked about perverse outcomes at a very local level, and the one that stuck in my mind was home owners offering to swap their house for a car.
I’m not so sure they can save asset holders. If the rumors are true and Saudi takes payment for oil in something other than dollars, petrodollar recycling will be greatly reduced and there goes your stonk portfolio
Hi Jacob, you do a really good job giving info based on facts! Appreciate your time spending on this.
Regarding the economy:
In Europe we will find ourselves in a severe economic crisis much bigger than the US. The EU politicians lack the wisdom, historical knowledge and long term perspective. The EU politicians acted emotional and without any rationale. Being high paid officials most of them have no connection with the ‘real world’ i.e. how normal people have to live on a salary. Also they lack the knowledge of economy and geo politics.
The US is steering the EU as they seem fit and they succeeded pretty good in this after Trump. The Ukraine ‘war’ was the perfect US trap and the EU fell in it. The UK BoJo so his opportunity to strengthen his position exploiting the ‘war’ for his personal benefit. One of the US objectives was and is to take over the EU energy market in which they finally succeeded. The EU did not want to sing long term gas contracts with Gazprom any more (with increased prices because of a spot market) but the USA demands long term contracts with the EU for delivery of LNG.
The few politicians the the world decided to go to war and the people have to pay the price. But the EU showed its real face: 1) Censorship has become reality 2) all people opposing the main stream opinion are no patriots and therefore dangerous 3) democracy is nothing more than legalized and institutionalized autocracy
Whatever happens will happen. Our only response is to be prepared in advance for the inevitability. Nobody within any government is going to save you. You need to save yourselves by getting ready for the worst even while praying for the best. Do it now and don’t waste time.
Rising interest rates will not stop inflation in this case because the feds are still printing money, like $40 b to “Ukraine” in addition Covid money is still floating in the economy. Thus, at some point they will realize that and hopefully will start thinking about fiscal policies and stop raising interest rates. I think inflation needs to run its course like a bad flu until money supply is reduced in circulation. Production also needs to be increased to satisfy supply. However, it will be hard to achieve any time soon because we are living through the beginning of the end for globalization. The main reason why real estate is still hot because large institutions are buying properties to diversify against stocks, especially Covid or tech stocks. Did you know that Bill Gates is the largest farm land owner in Arkansas? He is paying twice or often 3 times above asking price.
“Which will it be? I bet on the latter!” Well, one doesn’t have to be Nostradamus to predict this one.. Why would the Fed start cutting off its own balls, hitting the ones who are real owners of it – the Wall Street? Of course they would throw the American People under the bus, just like in 2009 the Fed did together with Obama’s administration. No special clairvoyance is needed to predict this, as day follows night
I love it when neocons in US in a rush before biden collapse , they pulled US miltary from afghanistan in preparation of the ukraine provocation , even when their belarus + kazhak regime change failed (which would complicate the ukraine matters if both succeed). Then in the midst of inflation and economic suffering both US and EU vassals initiate ukraine operation and push russia to act and then sanction russia to hell including the obvious russophobic moves to ban everything russia..
BAD MOVE , one dont start a major conflict when one’s economy in the brink of meltdown and the other side have everything IN EXCESS like energy , commodity , food ..
the only war the west dared to act on is the twitter / socialmedia / MSM propaganda war , in which the western forces successfully kick russian incompetent military in ukraine. and Ukraine so successfull they still in the need of more weapons and more weapons and more weapons.. hey ukrop might be near moscow by now
the biden puppet admin are just a front , to allow the neocons to start their delayed (trump delayed them) campaign against russia.. ALAS Russia is stronger now compared than 5 years ago , militarily and economically..
This left the US and EU economy in tatters , bad situation made worse by the mindless unthinking russophobic neocons sitting behind the biden puppet show.
the end is certain , Russia will win massively , Russia and China will have stronger alliance , China will have FULL support of russia in the midst of western provocation , Both North Korea and Iran will received open support by china and russia , the middle east shifting toward Russia and China , and the whole world (except for disgusting slaves like singapore , japan and occupied korea) will shift toward russia and china OPENLY
the empire is in accelerated decline , and this economic woes inflicted to the world by US and EU will fiurhter destroy the white men’s empire..
“the white men’s empire.” Russia has no white men, huh?
The West, as with Ukronazis, do not believe that Russians are really ‘white’ because of their Mongol heritage.
First, I want to apologize for my poor English.
I’m from Bulgaria Since we stopped buying Russian Gas Prices have tripled fuels have tripled we have inflation of 15% but the problems are just beginning because we need Russian Uranium to maintain our power plant and I think that electricity prices in Europe will fuel is also cruel and this will lead to monstrous bankruptcies and unemployment
Hello Martin. same story here, in tiny corrupted Croatia. Petrol price is 50% up, and for gas and electricity, we are waiting winter in dread. My gas bill was around 100 Eur/month, i expect to double at least. Most people already had hard time making ends meet, so i wonder how they will survive this
And a bit about how Biden, DNC and CIA/FBI fight against white supremacy in US while supporting Nazis in Ukraine:
How Pre-WW II Ukrainian Fascists Pioneered Brutal Terror Techniques; Later Improved By CIA, Now Ironically Taught to Descendants
By Evan Reif – June 9, 2022
How Monsters Who Beat Jews To Death in 1944 Became America’s Favorite “Freedom Fighters” in 1945—with a Little Help from their Friends at CIA — By Evan Reif – June 10, 2022
I have noticed that most youtubers remind people to click the thumbs up button at the end of every video “If you liked this video, …” It must be that people are forgetful. Jacob, you are all about substance so you probably thing it is silly to do it every time, but it may be something to get in the habit of doing, along with saying goodbye or till next time. And then play your awesome Dance of the Knights 🎶
BTW, If you want to “LIKE” Jacob’s video, hit the YouTube connection at the bottom of the screen. You can always do that to watch on a separate tab and you can” Like” to your heart’s content. [That is what I did. 🙂 ]
The hat is just fine, Jacob. Frankly, I appreciate the levity since you are usually so focused and intense on presenting your information. Many keep forgetting about who is actually pulling the strings in USSA- who actually owns the Fed- and we are talking about the same people who consider all of us as chattel. The Ukrainians are the current examples.
Many people have been thinking that this time has been coming for the past few years and have stored food and supplies. No-one is prepared for what Ukraine has endured which is far worse than even the summer of city burnings. People were hesitant to act then as they did not want a civil war but we have been pushed pretty hard at this point and I am not sure if cool heads will prevail. The Jan6 Clown Show does not help.
I believe the Federal Reserve is a private company with shareholders, those shareholders are the ‘Too Big to Fail” Unsurprisingly the Fed will act in the interests of its shareholders. Enjoy your humour.
I am of the opinion:
a. higher federal interest rates (higher than the 20% real inflation rate) = worse than Great Depression (worse because of continued inflation into Greater Depression)
b. not raising interest rates = dollar crash
c. The only other option, which will not happen, is massive cuts in government spending in combination. With higher interest rates combined with gov’t cuts, maybe a worse than Great Depression can be warded off, but we are at the point that I do not know if (a) and (b) can be staved-off even with cuts.
The headphone jack on my computer is broken so I have to enjoy your programs on my TV. The like option is not available but I will visit Utube occasionally to boosst your numbers. Thank you for your good work and insightful comments.
I can’t “Like” you if you wear a Let’s Go Brandon hat. I expect you act like an adult. I’m not a Biden supporter. Biden was complicit in the 2014 coup in Ukraine and his decisions regarding the SMO have been disastrous. And I’m no longer a member of the Democratic Party. Act your age.
No matter what, we’re screwed. Royally. Let’s go Brandon!!
I knew your assertion that this would be a safe space to comment would backfire – next we’ll comments about “rainbow windmill generators” and “land rights for transgender Sperm Whales”. Great work Dreizin (seriously).
Do you think YOU could be just a bit more condescending??? Look at yourself before you tell other people off.
I’m picking up micro-aggressions in your response and this would run counter to the “safe space” for comments being promoted here. I reach out with those ideals at heart – Sperm Whale’s Lives Matter.
Same here in Australia though where I live (town of about 20k) everyone thinks we are going well because their houses have nearly doubled in value over the past couple of years, with lots of economic activity – except it is really only smoke’n’mirrors because of lots of fiscal stimulus … roadworks etc (government paying people to dig holes and then fill them in again). Our supermarkets here and big box stores are well stocked so far, despite rising prices but generally everyone(or rather those who own their own homes) thinks we are going well. I have friends who are renting and only just hanging on by their fingernails as their rent is now 70% of their old age pension (in my day 25% was the absolute top limit) We are definitely being boiled alive like the proverbial frog and it wont be until the word “depression” can no longer be avoided that will finally wake the masses up.
On the housekeeping Jacob, I watch your videos on your website but can’t find a way to like them … perhaps I should watch on Bitchute or YouTube. Do you have Patreon or a donations page as I would certainly like to support the great work you do?
I survived the Dreizin hug box.
surely no one can run things this bad , they cant be this stupid . the west over reaction to the corf, the economy, the war seems more designed to blow out our system.
My comment is the same as above: I look at your videos on your blog but that platform does not allow for “likes.”
The next wave of the plague will not have as much cooperation toward “social distancing” being paid to stay at home when people are struggling to find something to eat, or seeing others nearby struggling who previously were doing ok.
Inflation is in consumables such as food and energy, and services that are sensitive to these prices. Hard assets such as real estate and securities are likely to fall as fast as other prices increase: companies are earning less, dividends will decrease, and people will be cashing out, especially those near or in retirement. There will be winners in this, but their numbers are going to be very small, and mostly among the “immortals” (government employees and contractors).
I enjoy your missives. I think the US economy has to be considered in a global context. Maybe I’ll send you a few basic thoughts on that but, for now, I’ll just alert you to John Williams’ site. He’s an economist who provides alternate calculations of inflation using the 1980s and 1990s govt methodology. At present, the rate using the 1980s algorithm is ~ 17%, about twice the CPI as presently estimated: http://www.shadowstats.com/alternate_data/inflation-charts . Of course, changing the calculation to reduce the official CPI allows them to counterfeit more money for their cabal.
100% correct. They changed the inflation equation used, in 1980, removing the housing numbers. I believe they revised the equation once again, in the 1990’s. Using the original equation from prior to 1980, inflation appears to be 18% or so.
Yes, the Baskin Commission in the mid 90’s redefined the components of the Consumer Price Index to counter the growing cost of CPI-linked disbursements, eg Social Security payments. Greenspan was a key member of the commission. Their work was very effective in reducing the rate of increase of the ‘official’ CPI and reported rate inflation, but used dishonest methods. For example, substitution of lower priced items such as hamburger for higher priced cuts of beef, hedonic adjustments (claiming you are getting more for your money with new versions of products offsetting the higher prices.
In the early 2000’s the prices of automobiles and houses were rising, but low lending standards were goosing the markets. Record new home construction and car sales resulted in fewer renters and more used cars. Since the CPI housing components covering these items (housing and transportation) are imputed rents and the cost of used cars, the relative glut of rental accommodation and of used cars depressed prices and depressed the CPI.
Economist John Williams (Shadow Government Statistics) reported in 2004 that if the composition of the CPI was the same then as in the Jimmy Carter era, social security payments would have to be 70% higher.
There is no “like” feature when the video is embedded in your blog.
Here in Sweden the realestet market is weakening, and i believe it will be a crash. Also the stock market is crashing. Down 22% sofar.
I just want to say thanks for this blog. I’ve gotten a lot out of it. Some great analysis. You are not a traitor. You are a patriot. God knows can’t get any truth from our press with this war. Zelensky lost me when he sat down with Sean Penn the day “his country” was invaded. Thought that was weird then and it’s only gotten weirder. I’m glad people like you are out there. Keep going brother. Time to change the narrative.
I noticed there is no thumbs up on the youtube embedded video at this website. That may be why your missing thumbs up. Also I myself don’t use google and can’t thumbs up. Great stuff as usual.
My take is the west has shot itself in the foot, I can’t comment more because of your rules on mentioning J words. lol
Echo that comment… Refuse to use googlygoo hence can’t thumbs up… Will try so on Rumble…
Thumb are tough to get. If you are a new guy, 10% ratio is pretty much killing it with that many views.
For me personally, I just do not think about it. In the back of my mind, I know Jacob says “Give me thumbs up”. But some of us are just dense/slow (This is why we are great Americans; our brains are slow). Usually by the second or third time. I get it! I REMEMBER It sinks in! And I click it, Then I go like a video I did not watch because I feel guilty forgetting.
I agree 100% with what you said. And that is my only additional thought. Cheer on your audience. Many of us might be slow or enjoying the video or not in the room. So reminding me at least twice helps.