Category Archives: America

Are We Really Free?

Are We Really Free? Maybe It’s Time for a Personal Declaration of Independence

 

Some time between throwing some burgers on the grill and shooting off fireworks with a beer in one hand and a lighter in the other, ask yourself this question:

How free and independent are you?

How independent are any of us, really? We like to think we live in the “free-est” nation in the world, but do we really?  Think about it.

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Forward Observer Dispatch: Economic Warning

What follows is the Economic Warning portion of this week’s (Forward Observer) Watch Report.

In this month’s FOMC meeting, Federal Reserve chairman Jerome Powell acknowledged that there was soft economic data emerging — a potential warning sign of recession. Many investors expect a cut to interest rates next month to stave off a recession. Some economists expect two rate cuts this year, regardless of when they happen. One asset manager said he expected four rate cuts this year.

Recession And Trump’s Re-election Chances:

This month, Jeffrey Gundlach, Morgan Stanley, and JPMorgan Chase all revised their expectations of recession forward to 2020. JPMorgan’s Bruce Kasman said it might even start this year. That’s a big shift from what these firms were saying last month, so I agree that we can expect the Fed to cut interest rates in order to stave off a recession. Gundlach, who has no faith in the Fed’s predictive capability, believes that by the time the Fed has to cut rates, it will already be too late.

This, of course, will have major implications for President Trump’s reelection chances. High profile managers like Scott Minerd and Kyle Bass both believe that the recession will be average or mild, respectively. Others, like Gundlach, have warned that this recession is going to present more difficult challenges.

If this recession poses the risks that Gundlach describes (below) then Trump’s chances of reelection will be seriously threatened. If that’s the case, then it’s time to batten down the hatches for higher taxes and wealth redistribution based on what we saw during this week’s Democratic debates and what’s been proposed in the lead up.

The problem with cutting interest rates this year to stave off a recession next year is that the Fed will have less to cut once a recession does hit, which increases the likelihood that the recession is more painful than “mild.”

This week, Fed chair Jerome Powell acknowledged that’s the case, saying, “Interest rates are lower than in the past and likely to remain so. The persistence of lower rates means that when the economy turns down, interest rates will more likely follow close to zero [which] poses new problems to central banks and calls for new ideas.” (Bold for emphasis.)

In the past two recessions, the Fed has cut interest rates from 5.25 percent to basically zero percent during the 2008 recession, and cut from 6.5 percent prior to the 2001 recession. Today, the federal funds rate sits around 2.25 percent — that’s before any cuts this year. That does not bode well for the Fed’s ability to soften the severity of the next recession. The Fed has 50 percent less to cut, which means that a hard landing during the recession is more likely.

Earlier this year, Bridgewater’s Greg Jensen warned of a period of poor economic conditions in the U.S. “We think that the secular conditions and cyclical conditions are combining to create this situation where you’re going to have this long, protracted weakness in the developed world economies… So basically what we expect to see is weaker growth and a movement to [Quantitative Easing]… The struggle in Europe is probably going to click first.”

That mirrors what billionaire investor Stanley Druckenmiller believes. He said earlier this year that, “The highest probability is we struggle [economically] going forward.”

So who’s right? Are we going to have a mild recession or will this be the beginning of a ‘secular’ — i.e., long term — period of persistently weak growth and economic malaise?

Right now, my money is on what Gundlach had to say earlier this month: “When the next recession comes, there’s going to be a really big problem… with the national debt… [We’re going to see] basically money printing, I think, to combat the next recession.”

Gundlach describes that money printing will lead to increases in long term interest rates, which will actually make the recession worse. And maybe that’s why Fed chair Jerome Powell is openly calling for “new ideas” to reverse the effects of the next recession.

In light of changes to this month’s Recession Matrix (out later today for Warning subscribers), there’s a solid argument to be made that the next recession is closer than previously thought, and that it may rival the duration of the 2008 recession at 18 months, followed by persistently low economic growth in the years following. We could be headed towards the Great Recession 2.0.

Consider that we may have about 12 months before this kicks off, followed by the 2020 election four months later — in other words, at the worst possible time. If you haven’t considered kicking your preparedness into a higher gear, then now is the time. – S.C.

If you’re not already a member, you can sign up for a free 7-day trial to the Forward Observer Warning Service and stay ahead of political, social, and economic threats with reports like this one.

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“It’s coming guys, the pace is quickening, time to dial it up”

BLOFTW

Buy lots of food this week…

Legal and financial expert Wayne Jett says,

“The key to your financial stability between this side of the chasm and the other side of the chasm is owning precious metals, owning gold and silver. These are most likely the types of things that will hold their real value. Therefore, on the other side of the chaos of this chasm, when you declare the present currency system has ended. . . I think the President is trying to make this pending period of uncertainty as short as possible, between the time when the old currency dies and the new currency is in place.”

When is this going to happen? Is it before or after the 2020 Election? Jett predicts, “I think it is before the 2020 Election. I don’t think we can make it that long, especially with the global cabal trying to start a world war or trying to have a currency failure right now.” Join Greg Hunter as he goes One-on-One with Wayne Jett, founder of ClassicalCapital.com.

“The Fed is an outpost of a foreign power that controls our economy, most of our politics and our financial future. It’s an instrument of the Rothschild global cabal. It always has been since 1913 and we need to rid ourselves of it as soon as possible”

In other news…

NYT: U.S. Escalates Attacks on Russia’s Power Grid
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South America blackout leaves tens of millions without power
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Gold Likely To Soon Be Lifted By Rising De-Dollarization Surge

Americans Brace For Shock Surge In Everyday Food Prices

Avocado Toast

The ‘patient’ Fed has been lamenting the “lack of inflation” for far too long. It is about to get its wish.

American food merchants are struggling to import fruits and vegetables from Mexico as wait times at port of entries along the Mexico–US border have surged because of a shift in Customs and Border Protection (CBP) personnel away from the port of entries to remote regions of the border to fight illegal crossings. As a result, shipments of food have dramatically declined in recent weeks, and the result is an imminent spike in imported food prices in the coming months that could put a sizeable dent in consumer wallets.

Fruit and vegetable importers that wholesale to grocery stores throughout the US, could inflate prices by at least 20% to 40% if the wait times continue, with avocado prices already soaring (see “Mexican Avocado Prices Explode By Most In A Decade After Trump Border Threat“).

https://www.zerohedge.com/s3/files/inline-images/avocado%20price%204.27.jpg?itok=gUW2invn

After the avocado price surge, cucumbers, eggplants, bell peppers, squash, cherry tomatoes, watermelons, and most other fruit and vegetables imported from the tropics would be affected.

“(The) Mexican border, it’s one of the most important crossings to the United States,” said Joshua Duran, Amore Produce sales representative.

About 43% of all US fruit and vegetables originate from Mexico. In the last several decades, Mexico has become the top trading partner with the US. Much of the US-Mexico commerce involves mega-corporations that send products back and forth across the border as part of a critical segment of their supply chain that has increased since the North American Free Trade Agreement (NAFTA) took effect in 1994.

https://www.zerohedge.com/s3/files/inline-images/mex%20us%20trade.jpg?itok=AIv5n_xo

This month [April], distributor Amore Produce truck drivers hauling product from Mexico have experienced a 300% wait time at the various port of entries along the Mexico–US border, stuck in line for up to 15 hours.

“Now we are having a lot of problems in the border,” Duran said. “So, let’s say we used to have like five hours. We’re getting 10 or 15 hours to pass that truck to the United States…one or two (gates) are not enough to get all the entire trucks coming from Mexico and not only for produce, for all the products that people here in the United States get from Mexico.”

Increase wait times have depleted cold storage inventories of McAllen Produce Terminal Market, located just 20 minutes from the border. Duran said the importer cannot ship fresh produce across the country anymore becuase their truck drivers are waiting almost a day to move product across the port of entry – by the time it makes it to the US, the produce won’t make it fresh to the wholesaler.

“We couldn’t get it here and we couldn’t send it to the customers in the north,” Duran said.

Marabella Produce owner Alejandro Knight suggested that wait time increases have impacted his cold-storage levels in the last month. Knight said his warehouse is always at full capacity, but now, the floors are covered with empty pallets. Most of the produce Knight receives from Mexico is spoiled, thanks to wait time increases, warehouse workers have to immediately throw out the produce once it arrives.

“We cannot deliver a fresh product anymore if we have to wait for each load to cross, five to six days, it’s impossible to work like this,” Knight warned.

Knight said Mexican farmers are now “afraid” to export fruits and vegetables to the US because of extended wait times.

Salavador Contreras, an economist at the University of Texas Rio Grande Valley, said if wait times increase, it could inflate produce for everyday American consumers.

“It’s going to be felt at the grocery stores when we start paying more for limes and our avocados at the grocery store,” Contreras said.

If the wait times persist at the border, in the coming months Americans will be shocked by soaring prices in the produce section of their local grocery stores, a move that could reverse consumer sentiment right before an important election year. But at least the Fed will be delighted: it will have achieved some of that “symmetric” inflation overshoot it has been seeking for so long… and all thanks to Trump.

Source: ZeroHedge

200 Boy Scout Leaders Accused Of Sexual Abuse In Shocking Testimony

Law firms called on the Boy Scout of America Tuesday to release the names of 200 Boy Scout leaders who committed sexual abuse against minors.

The law firms of Greg Gianforcaro and Jeff Anderson & Associates revealed “perversion files” mentioned the accused leaders. The files contained allegations of sexual abuse that the Boy Scouts of America kept secret, The Associated Press reported.

Lawyers at press conferences in Midtown and Newark, New Jersey, Tuesday afternoon demanded the Boy Scouts of America release the names of the alleged abusers, the firms say.

The press conferences covered “shocking testimony,” according to The New York Post, from the law firms alleging that there are more than 7,000 child sex abusers and 12,000 victims in the Boy Scouts of America. Representatives revealed that in New York alone there are 130 perpetrators, and 50 in New Jersey.

“It shouldn’t be us disclosing these names,” attorney Gianforcaro said during the Newark press conference, according to a video released by AndersonAdvocates. “It should be the institutions. It should be the Boy Scouts. They should be up here issuing the names of their leaders.”

Gianforcaro and Jeff Anderson & Associates pushed for a bill waiting to be signed by New Jersey Democratic Gov. Phil Murphy. The bill would allow survivors, specifically minors who are sexually abused, to sue both the offender and the Boy Scouts of America.

Representatives at the press conference said they are focused on “restoring the voice” of the children abused, calling them “the originators of the #MeToo movement.”

“#MeToo got one thing very very wrong, and Twitter gave it a pink hashtag. We are talking about something that is NOT a female only problem,” sexual assault survivor Bridie Farrell, CEO at NY Loves Kids, Inc., said at the press conference. “And that is something that NY Loves Kids, Inc., we’ve really tried to push which is #KIDSTOO. #KIDSTOO is not pink. Yeah, one in four girls stand up here, but one in six boys. And we see that with the Boy Scouts, with the Catholic Church, with all institutions.”

At least four persons on the list of the accused are priests, lawyers said.

When asked what the preferred outcome of the press conferences was, attorney Jeff Anderson said they hope that “kids are protected better.”

“That’s our hope. That’s our prayer. That’s our plan and that’s our purpose of assembling today,” Anderson said.

Source: True Pundit

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Nearly 200 Massachusetts Boy Scout Leaders Accused Of Sex Abuse

Hundreds of former Boy Scouts reveal new sexual abuse claims, exposing 150 alleged pedophiles

 

Elites Laugh As Americans Revel In Their Enslavement While Fearing Each Other

Americans are increasingly living in fear of the opposing political party.  While the elites laugh and continue to enslave the populace even further because of this fear, Americans increasingly embrace their chains while asking them to be shortened, and all while dehumanizing those on a different plantation.

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The fact is, none of us are free. We are all slaves to the same master – the political elites.  The only way to be free is to accept it and attempt to free others in the process. So far, the government has not had to put literal chains on anyone because most Americans are mental slaves.  If you own the mind, you won’t need to enslave the body.  This is causing problems in problems in our society, however, as many fear those who think differently than they do while giving a pass to the ones actually at fault for their dissatisfaction.

Extreme partisanship has infected both democrats and republicans to the point of no return. According to Oregon Live, more than 40 percent of Americans say they are surrounded by “downright evil” and they’re referring to their fellow Americans who happen to belong to a different political party. This division and fear keep the elite wealthy, powerful, and increasingly authoritarian. While we fight each other, we can’t be bothered to actually take on the behemoth monster that is responsible for all this fear and division in the first place.

A recent academic paper by political scientists Nathan P. Kalmoe and Lilliana Mason, presented at the National Capital Area Political Science Association conference in January, concludes that the extreme partisanship of recent decades has made millions of Americans intellectually insular and emotionally numb. As a result, these hyper-partisans – and, to be clear, all of this goes for members of both major parties – feel little or no sympathy “in response to deaths and injuries of political opponents.” Some even show “explicit support for partisan violence.” –Oregon Live

The key component to all of this fear is ensuring the public stays divided by dehumanizing each other.  This makes violence against each other suddenly “acceptable” to those stuck and enslaved by the system. A key reason for this “moral disengagement” is that partisanship in the cable-TV and social-media age has proven exceptionally good at dehumanizing one’s ideological opponents. Kalmoe and Mason’s unpublished paper found that about one in five Americans believe that those on the other side of the partisan divide “lack the traits to be considered fully human — they behave like animals.”

The portion of hyper-partisan Americans is worrisome even for those not on the political spectrum.  Morality no longer matters if another human being is not seen as a human being. Kalmoe and Mason’s work indicates that the nature of this uptick in extreme partisanship provides people with the “psychological distancing” that allows them to rationalize physical violence and discrimination against others.

Instead of accepting that it is ALWAYS  morally wrong to initiate force or violence against another human being for ANY REASON, Americans have rationalized such violence and theft as taxation or police brutality in order to justify their own political violence. This type of path is leading our society down a very dangerous path.

Source: ZeroHedge