Sweden’s excess mortality during the pandemic is the lowest in the EU and the Nordics, according to new calculations from Statistics Norway. Sweden was right about Covid: Anders Tegnell, the hero for lockdown sceptics worldwide, was the state epidemiologist in Sweden between 2013 and 2022 who refused to lockdown Sweden. He was harassed by the mainstream media throughout the …
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The crashes of Silvergate, Silicon Valley Bank, Signature Bank and its related bank insolvencies are much more serious than the 2008-09 crash. Banking crisis not over: The problem at that time was crooked banks making bad mortgage loans. Debtors were unable to pay and were defaulting, and it turned out that the real estate that they had pledged as …
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The failure of Silicon Valley Bank (16th largest bank in US) last Friday resulted from depositors withdrawing their funds in response to a drop in value of the bank’s bond portfolios caused by the Federal Reserve’s ill-considered hikes in interest rates. The mindless policy implemented by the Federal Reserve cures inflation by producing bank runs, failed banks, and unemployment. …
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“A phenomenon noticeable throughout history regardless of place or period is the pursuit by governments of policies contrary to their own interests. Mankind, it seems, makes a poorer performance of government than of almost any other human activity.” “In this sphere, wisdom, which may be defined as the exercise of judgment acting on experience, common sense, and available information, …
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The Arctic Fox Cometh: A few decades ago, we associated George Orwell 1984 with the communist Soviet Union, where the people had little freedom, few chances to succeed financially in the state economy system and free speech was non-existent. Any criticism of Stalin would cause a person to end up in the Gulag concentration camps. Today, the scenario is …
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Saudi Arabia’s recent announcement that the government is open to accepting payment for oil in currencies other than the dollar is a major announcement ignored by the presstitutes. The end of the petrodollar would have severe adverse effects on the value of the dollar and on US inflation and interest rates. For a half century the petrodollar has supported …
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Herland Report: The Billionaire New World Order: The Davos billionaire hotspot World Economic Forum so desires to merge public state funds with the wealth of the privately owned business corporations that dominate the world. This is a very smart initiative that gives billionaires access to the nation states’ government funds. The British empire did the same with the privately …
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As some readers have remarked in their messages to me, I ceased a while back my monthly reports on the Bureau of Labor Statistics jobs reports and inflation rate. Manipulated Economic Outlook: The reason is that the numbers are not good enough to be able to discern what is the actual state of the economy. Yet every new number is …
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The world has entered a geopolitical depression, writes Dr. Nouriel Roubini, pointing at severe megathreats that spell dark days ahead. This new era will resemble the tumultuous decades between 1914 and 1945, as the U.S. economic, financial, security unipolar world is challenged by four powers – China, Russia, Iran and North Korea. “There is a sharply rising risk …
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Federal Reserve Policy: Normally, recessions are the result of a reduction in liquidity by the Federal Reserve, the central bank, which is signaled by a rise in interest rates. Normally, recessions are short-run affairs of 6 to 9 months. Unemployment, which is as costly in its way as inflation, causes the Federal Reserve to relent and to increase liquidity, …
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