Category Archives: Economy and Meltdown

Modi Reform Backlash Sparks Chaos In New Delhi As Farmers Attack Police

Modi Reform Backlash Sparks Chaos In New Delhi As Farmers Attack Police

Tens of thousands of angry farmers drove tractors and marched through India’s capital on Tuesday. 

According to Asian News International (ANI), New Delhi Police said, “protesters turned violent at some places. Many police personnel were injured & public properties also damaged.” 

Reuters tweeted a video showing farmers have gone mad in the capital. Police and farmers clashed during the Republic Day celebrations.

Farmers broke through police barricades and stormed the historic Red Fort, a historical fort in the city that served as the Mughal Emperors’ primary residence. ANI shows farmers beating and tossing police off a wall. 

Farmers attack a riot control vehicle. 

Chaos. 

“11th March 1783 the KHALSA flag was unfurled over the Red Fort, majestically at the APEX of the Lal Qila. THEN it signified the BEGINNING of the end for the Delhi Empire. What significance is this for today’s FUTURE ?? TIME will tell….,” one user said.

Here are more views of farmers storming the Red Fort. 

One person compares the fort’s storming to the recent riot at the US Capitol complex.

Farmers have stayed peaceful but today was absolute chaos. These folks are mad because of unfair farming legislation passed several months ago.

They allege Prime Minister Narendra Modi’s farming law, which ends the government’s programs to keep commodity prices at fixed levels, therefore allowing free markets to dictate prices, favors large corporations over mom and pop farmers. 

There’s no telling on when the unrest will end. 

Tyler Durden
Tue, 01/26/2021 – 21:45

Quinn: The Fourth Turning Detonation, Part 1

Quinn: The Fourth Turning Detonation, Part 1

Authored by Jim Quinn via The Burning Platform blog,

“Americans today fear that linearism (alias the American Dream) has run its course. Many would welcome some enlightenment about history’s patterns and rhythms, but today’s intellectual elites offer little that’s useful. Caught between the entropy of the chaoticists and the hubris of the linearists, the American people have lost their moorings.” – Strauss & Howe – The Fourth Turning

“The ancients believed that each cyclical extreme, mirroring the hopes and fears of the other, helps generate the other. The night longs for the day, the day for night. In war, people yearn for relief from strife, leading to peace. In peace, people yearn to champion what they love, leading to war.” – Strauss & Howe – The Fourth Turning

When I started thinking about my annual beginning of the year article in early January, I tried to formulate a catchy title. Knowing we have entered the thirteenth year of this Fourth Turning, with the intensity of the crisis reaching an unparalleled level since November 4, I decided upon Fourth Turning Detonation. I immediately thought that might be too dire and figured I would change it later. After the first few weeks of the new year, I now think it might be grossly inadequate to describe what is coming in 2021.

It is easy to get distracted by the daily gyrations, ceaseless media propaganda, political theater, false narratives, and delusional beliefs of both the left and right, as this military empire built on debt and deceit spirals towards its fiery cataclysmic climax. Opposing forces have gathered themselves into position focusing on defeating their domestic enemies, with the left seeming to have strategic advantage but led by hubristic dullards, while numerous foreign adversaries circle like hungry vultures ready to pounce on the dying beast of an empire.

Last January I wrote a two-part article called 2020 – Year of Living Dangerously which harkened back to another article I had written eight years before 2012 – Year of Living DangerouslyI lamented the fact I had not understood Fourth Turnings will take their own sweet time on the way to a climax, with twists and turns which will differentiate it from previous Crisis periods in U.S. history. My impatience for the great battle to resolve this struggle has not and will not impact the timeline, but the three elements driving this Crisis remain firmly in control, as they have since 2008: debt, civic decay, global disorder.

My belief regarding the subtext of what has happened and is happening in this country has not changed. I certainly underestimated the lengths these psychopaths in suits would go to in 2020 to further pillage the world’s wealth while using a pandemic as cover to further their agenda of hegemony and turning the world into a virtual prison camp under constant technological surveillance. Despite the timing, I still believe that which is unsustainable will not be sustained.

“It seems I always underestimate the ability of sociopathic central bankers and their willingness to destroy the lives of hundreds of millions to benefit their oligarch masters. I always underestimate the rampant corruption that permeates Washington DC and the executive suites in mega-corporations across the land. And I always overestimate the intelligence, civic mindedness, and ability to understand math of the ignorant masses that pass for citizens in this country. It seems that issuing trillions of new debt to pay off trillions of bad debt, government sanctioned accounting fraud, mainstream media propaganda, government data manipulation and a populace blinded by mass delusion can stave off the inevitable consequences of an unsustainable economic system.”

I used to try and make specific predictions about the new year generally centered upon economic chaos, stock markets crashing, global conflict, and various other doom-like events. But those running this clown show somehow convince the masses all is well, the economy is healthy, inflation is non-existent, debt does not matter, college makes you smart, we’re energy self-sufficient, 100 million working age Americans not working – but unemployment was 3.5%, the stock market hitting all-time highs is good for you even though your real wages haven’t gone up in a decade, and America was great again.

It is amazing to me how effective propaganda is when multiple generations have been indoctrinated and socially engineered in the government school system and decades of boob tube fake news has been programmed into their pliably ignorant brains. Edward Bernays created the game plan and the techno-oligarch despots currently running the show are executing it to perfection.

“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. …We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of.” – Edward Bernays – Propaganda

This Fourth Turning likely has another 5 to 10 years before some sort of convulsive resolution, unless it is accelerated like the Civil War Fourth Turning, with similar tragic consequences and mass casualties. Predicting the actual events which will occur over a short-term time frame is a fool’s errand, so I prefer to try and discern the direction and amplitude of the ongoing Crisis to gauge how we should prepare for what is coming.

I do admire writers like Jim Kunstler who really go out on a limb and make extremely specific forecasts for the coming year, like he did on January 1 with his Forecast 2021 — Chinese Fire Drills with a side of French Fries (Jacobin-style) and Russian DressingIf even 25% of his predictions had come to fruition, 2021 would have gone down as one of the most earth shattering in history. But here we are a few weeks later and all his predictions about Trump going to war with the Deep State and winning a glorious victory for the American people failed to materialize. Trump is golfing at Mar-a- Lago, while the Deep State remains firmly in control and in the midst of consolidating their power by crushing dissent through Domestic terrorism legislation and complete control of social media platforms.

Even Kunstler acknowledges the Fourth Turning as a generational dynamic driving the events pushing the country and the world towards armed conflict. My high-level prognostications for 2020 certainly did not include a global pandemic used to introduce an Orwellian global dystopia and justification to steal a presidential election through mail-in ballot fraud and voting machine rigging.

Of course, Bill Gates predicted the pandemic in 2018 and his buddy Fauci, in 2017, said there was “no doubt” Donald J. Trump would be confronted with a surprise infectious disease outbreak during his presidency. I wonder why he had no doubt. Fauci, an unknown lifetime government bureaucrat, is now a media darling, despite being wrong about everything. And Gates’ wealth has soared during this plandemic. My big picture guesses last year were colored by the assassination of Iranian general Qasem Soleimani on January 3, expecting Middle East conflict to erupt. These were my main conjectures for 2020:

  • The Fed will continue to run their electronic printing presses at warp speed until the inevitable banquet of consequences is served to all.

  • We have entered the extreme greed phase of this debt-based Ponzi scheme. The stock market is in the blow-off stage, where earnings, valuations, and rational thinking are meaningless. Momentum and a delusional belief in the infallibility of the Fed are all that matter. Who knows how far it will go, but fear will eventually rear its ugly head, and a cascading collapse will make a lot of useful investing idiots very angry for the third time in the last two decades.

  • The Democrats and their Surveillance State co-conspirators have determined the best way to cover-up their treasonous acts are to stay on the offensive by impeaching Trump on bogus charges.

  • The social distress I noted last year continues unabated today as the glorification of abnormality reaches new heights. The flames of division and disarray are fanned unceasingly by the left-wing media to distract from the true desperate financial situation of the country.

  • Israel quietly foments discontent and turmoil across the region to keep the focus off itself. Russia and China support Iran economically and militarily to offset Americans dominance of the region. Confusion reigns.

  • Anyone with an ounce of critical thinking skills knows none of this is about freedom, democracy or doing the right thing. It’s about oil and it’s about the military industrial complex requiring enemies to keep the profits flowing.

  • The shale “miracle” is just another delusion built upon easy money pumped out by the Fed. No one can make profits on shale oil at $60 per barrel.

  • The months leading up to the election will be a circus. Propaganda, misinformation, and outright lies will be spread like manure. Of course, voting will not alleviate the issues which will continue to drive this Fourth Turning towards its climax – debt, civic decay, global disorder.

  • No matter the result of the upcoming election, neither side will accept the outcome.

  • There are no viable political solutions to our current dilemmas. It is just a matter of when and where the conflict goes hot and blood is spilled.

  • I do not know what events will dominate the coming year, but I do know the intensity of hate and vitriol will increase. I do know military conflict in the Middle East will expand. I do know the political machinations in this country will surge as the election approaches. I do know the Deep State will do everything in their immense power to undermine Trump. I do know the Fed will QE and Trump will cheer every new stock market record. I do know I will be lied to and propagandized by the mainstream corporate media.

I knew 2020 had the potential to be a chaotic year, but didn’t anticipate a flu with a 99.7% survival rate being used by totalitarian minded politicians to destroy the global economy, usher in Orwellian police state lockdown measures across the globe; a stock market crash followed by Fed created bubbles still growing ever bubblier through $4 trillion of money printing; adding $4 trillion to the national debt (with another $3 trillion on the way in 2021); paying millions to sit at home eating Cheetos and watching Netflix; destroying a few hundred thousand small businesses while enriching mega-corporations; putting a nail in the coffin of the 1st Amendment through censorship of conservative speech; and blatantly stealing a presidential election.

The globalist elite want to keep the fear at a high level to institute their global reset, where you will own nothing and be happy, or you will be brought to heel by the truncheon. This was the year it became crystal clear, the world is filled with good people, governed, and manipulated by bad people.

By delaying this article until after January 20 I allowed the Qanon Psyop of Trump using the military to rescue the country to pass into history as another delusion of hope over reason. I truly do not know whether the Qanon phenomena (it was not widely known by Trump supporters or most people) was just a LARP being played by former Dungeons & Dragons keyboard warriors or an FBI/CIA counter-intelligence operation designed to keep a segment of the population distracted and ever hopeful their white knight would rescue them from the clutches of the evil Deep State. I am reminded of the quote about hope from President Snow in the Hunger Games.

“Hope, it is the only thing stronger than fear. A little hope is effective, a lot of hope is dangerous. A spark is fine, as long as it’s contained.”

The elevation of Trump to president and the spark of hope he would truly drain the swamp, arrest the traitorous Deep State coup co-conspirators, lead his legions to victory over the forces of evil, and make America great again, kept half the people in the country hopeful for the last four years.

Meanwhile, the military industrial complex raked in hundreds of billions more from the American taxpayer; Wall Street bankers gorged on the trillions of free money, manufactured by their captured puppets at the Federal Reserve; the Silicon Valley despots consolidated their hold on commerce and communication; and the average American saw their standard of living continue its 50- year decline. The question is whether those constituting the “invisible government” allowed too much hope and needed the engineered pandemic to re-introduce fear as their primary control technique moving forward.

They believe they have contained the spark with their fraudulent election victory; installation of an empty senile vassal as their conduit for the great reset; having their media mouthpieces propagate the falsity of a right wing white supremacist insurrection at the Capital; crushing dissent by censoring the truth through totalitarian social media conglomerates; proceeding with an impeachment farce based on Trump telling his supporters to peacefully protest the fraudulent election outcome; and threatening to destroy the lives of all vocal Trump supporters.

I am highly doubtful they have contained the spark. I believe there are smoldering embers just waiting to be stirred into a conflagration which will engulf the entire world in a fiery purging of the existing social order, which has exhausted itself and needs to be cleansed. Jefferson understood the nature of Fourth Turnings two hundred years before Strauss & Howe put it to paper.

“Try to unlearn the obsessive fear of death (and the anxious quest for death avoidance) that pervades linear thinking in nearly every modern society. The ancients knew that, without periodic decay and death, nature cannot complete its full round of biological and social change. Without plant death, weeds would strangle the forest. Without human death, memories would never die, and unbroken habits and customs would strangle civilization. Social institutions require no less. Just as floods replenish soil and fires rejuvenate forests, a Fourth Turning clears out society’s exhausted elements and creates an opportunity.” – Strauss & Howe – The Fourth Turning

In Part Two of this article, I will examine the concept of the Grey Champion, their role in Fourth Turnings, and make some speculations as to the course of 2021 and the remainder of this Fourth Turning.

*  *  *
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Tyler Durden
Tue, 01/26/2021 – 21:25

US States Ease Lockdowns Despite “Mutant” COVID ‘Boogeymen’

US States Ease Lockdowns Despite “Mutant” COVID ‘Boogeymen’

Even as President Joe Biden challenges Americans to a “100 day masking challenge” and other mask-related restrictions on federal land, some of the biggest states in the US  (including ultra-liberal California and swing-state Michigan, among others) are going their own way, resisting calls from the Biden administration to go heavy with masks and lockdowns, which have – as we’ve noted, seemingly made no difference and lack scientific basis.

Perhaps it has something to do with the WHO’s admission that PCR overamplification may have led to the “Case-Demic” that “conspiracy theorists have long warned about.

But whatever the case may be, recently, liberal governors like New York’s Andrew Cuomo appeared to recognize that the economy needs to reopen, and quickly. Even Cuomo acknowledges that the holiday spike is fading.

Notably, the spike in cases from the pre-holiday period is already beginning to subside. This, coupled with all of those warnings about a post-holiday case surge, had led to suspicions that the American public has been gaslighted – or at least intentionally misled, by federal authorities intent on doing whatever they can to tarnish President Trump’s legacy.

Meanwhile, and possibly related, vaccination rates worldwide aren’t off to a great start – while reports of healthcare professionals and others who refuse to take it have been rolling in.

Yet, despite liberal leaders’ sudden post-inauguration interest in reopening, they seem to be ignoring the new boogeyman – the new “mutated” strains from the UK and South Africa, which have caused a good deal of panic among public health officials (whether warranted or not). 

And since the US has administered fewer than 25MM vaccines, more of these COVID “variants” are setting off alarms – causing vaccine maker Moderna announcing the development of a ‘booster’ shot to protect against both mutants.

Teachers’ unions, meanwhile, are increasingly opposed to lawmakers pushing to return to in-person instruction within 100 days.

According to Northwestern University epidemiologist Sadiya Khan, who spoke with Bloomberg, “We’re just asking to go backwards by easing restrictions without focusing on achieving herd immunity with vaccination.” The doctor is an epidemiologist at the Northwestern University Feinberg School of Medicine in Chicago.”It’s very fragile,” she said referring to the COVID economy.

Perhaps things would be less ‘fragile’ if Democratic leaders’ sudden push to reopen didn’t have the most suspicious timing in the known universe, and California (and other states) were more transparent about whose ‘science’ they’re following.

Tyler Durden
Tue, 01/26/2021 – 21:05

Milking The Capitol Melee For All It’s Worth

Milking The Capitol Melee For All It’s Worth

Authored by Jacob G. Hornberger via The Future of Freedom Foundation (emphasis ours),

Not surprisingly, leftists are milking the January 6 Capitol melee for all its worth. There is a simple reason for that: they wish to use it to introduce a new wave of domestic tyranny into America, just as Republicans did after the 9/11 attacks. In fact, I wouldn’t be surprised if they start referring to the melee as simply 1/6.

That’s why they continue to describe the melee as an insurrection, revolution, rebellion, sedition, terrorism, invasion, and a grave attempt to destroy our democratic system and overthrow the government. It’s clear, according to leftists, that the intent of the “invaders” was to take control over the reins of the federal government and make Donald Trump king. I wouldn’t even be surprised if they determine that Russia was behind the “invasion.”

Thus, don’t be surprised to see a new version of the USA PATRIOT Act. Anyway, the original one is getting a bit old in the tooth. And don’t be surprised to see a renewed and reinvigorated “war on terrorism,” albeit here in the United States, with increased secret surveillance, suppression of speech, indefinite incarceration, torture, and even perhaps assassination (a power that the Supreme Court has upheld with respect to both foreigners and Americans).

Moreover, don’t be surprised when the leftists use the Capitol melee to justify more anti-gun tyranny. Never mind that the “revolutionaries” never even fired a shot. They could have and, therefore, that’s a good enough reason for leftists to enact some more tyrannical gun control. Americans obviously understand this because they were buying guns in droves before Biden took power.

One thing is certain: There will be increasing destruction of liberty in America, owing to the leftist reaction to what the Trumpsters did in the Capitol.

The idea is to never let a good crisis or emergency go to waste. What better time to enact tyrannical controls than during crises or emergencies? If they are enacted in ordinary times, people might object to having their liberty destroyed. During crises and emergencies, many people let their fear induce them to trade their liberty for security.

Our American ancestors understood this. That’s why there is no crisis or emergency exception in the original Constitution or the Bill of Rights. Our ancestors understood that crises and emergencies have always been the time-honored way by which people lose their liberties, to their own government.

One of the big precedents for this phenomenon, of course, was Adolf Hitler and the Reichstag Fire. Soon after Hitler took office, terrorists fire-bombed the Reichstag, which was Germany’s equivalent of our Congress. Even worse, the terrorists were communists, which made the situation doubly scary and dangerous.

Hitler’s reaction was predictable. He went to the Reichstag and requested emergency powers to deal with the communist-terrorist crisis. When he met with resistance among members of the Reichstag, he went ballistic, screaming and berating them for not understanding the serious nature of the crisis facing Germany. Giving him temporary emergency powers would enable him to wage war on terrorism and win it.

The Reichstag gave Hitler what he wanted. Germany was never the same again, until after it was defeated in World War II. Giving Hitler those emergency powers plunged the nation into years of darkness.

There are some who say that Hitler himself instigated the Reichstag attack in order to provide the pretext for seeking emergency powers. (Would public officials really do such a thing?) Regardless, the lesson is clear: Public officials use emergencies and crises to expand power and destroy liberty.

We are now witnessing, once again, that phenomenon playing out here in the United States. A “crisis” is being used to make Americans afraid, very afraid. And then comes the additional layer of tyranny and oppression, which the afraid people go along with and even support. It’s an old racket, even going back before Hitler and the Reichstag Fire.

Tyler Durden
Tue, 01/26/2021 – 20:45

Thanks To COVID-19, China Is Now The World Leader For Foreign Direct Investment

Thanks To COVID-19, China Is Now The World Leader For Foreign Direct Investment

China is now the world’s “top destination” for foreign direct investment (“FDI”). FDI captures things like foreign companies building infrastructure and making acquisitions of local companies.

The shift came as a result of – wait for it the Covid-19 pandemic amplifying “an eastward shift in the center of gravity of the global economy”, according to the Wall Street Journal.

New investments by overseas businesses into the U.S. fell 49% in 2020 as a result of the pandemic. China saw its direct investments rise 4% over the same period of time. The success is being attributed to how the country (supposedly) handled the pandemic better than the U.S. 

The numbers, heavily influenced by the global pandemic, “underline China’s move toward the center of a global economy long dominated by the U.S.,” the WSJ wrote.

Foreign investments into the U.S. peaked at $472 billion in 2016, while at the same time foreign investments in China totaled $134 billion. Since then, investments in China have continued to rise and investments in the U.S. have continued to fall. Over the last 4 years, the Trump administration discouraged investment in China and put Chinese investors on notice that investing in the U.S. would carry new national security scrutiny.

Daniel Rosen, founding partner of Rhodium Group, an independent research firm in New York, said there’s little room for concern: “I don’t think one can say anything confidently about the impact of the FDI downturn in the U.S., compared to all the other hits on the U.S. economy.”

He continued: “It is natural that foreign investment would decline sharply in the U.S. under the circumstances because it has an open, market economy, while China doesn’t. There is no reason to be concerned about the outlook for the FDI in the United States providing that the U.S. is sticking with its basic open-market competitive system.”

Major names like Honeywell International and Adidas were among companies who invested more in China during the pandemic.

James Zhan, Unctad’s director of investment and enterprise, doesn’t see a respite for the U.S., or other countries that have seen FDI fall, anytime soon. He said: “Investors are likely to remain cautious in committing capital. The road to full FDI recovery will be bumpy.”

Joseph Joyce, professor of international relations and economics at Wellesley College, said: “Companies are reassessing their policies about global supply chains, about foreign markets, about their own use of technology. The pandemic is making all these companies rethink the most basic assumption about where they are located.”

East Asia attracted a third of all foreign investment globally in 2020, the report notes. It marks the largest share since records began in the 1980s. Meanwhile, it isn’t just the U.S. that saw huge drops in the west. The EU also saw a 71% drop in 2020 and the UK and Italy both saw “no new investment”. Germany saw a 61% drop. 

While experts thought China could also see such a drop, their economy “reopened in April just as the U.S. and Europe started a series of continuing lockdowns and disruptions.”

Even the Journal notes that it was China’s “ability to quickly control the coronavirus within its borders helped its economy rebound relatively quickly”. China also immediately rushed to shore up confidence from foreign investors at the beginning of 2020. China’s premier, Li Keqiang, told the country’s cabinet in March: “We must implement targeted policies to arrest the slide in foreign trade and foreign investment.”

Other companies have simply found it difficult to leave China. Such was the case for Seoul Semiconductor, whose CEO, Hong Myeong-ki, simply said: “We were very dependent on China.”

Tokyo based researcher Ding Ke noted that this reliance on China’s market for many companies kept them in the country: “They need to reduce overreliance on supply chains in one single market. But the bigger risk they identified is losing the China market.”

Tyler Durden
Tue, 01/26/2021 – 20:25