Author Archives: fsheen

Q-3 World Economic & Political Update 

To quote a Steppenwolf song from the 1960s and the Matrix movie, in keeping with the rest of 2021, the third quarter has been a magic carpet ride into the blue-pill dimension.  Decisions are not being made based on national or international economies, markets or historical trends; everything is being played out according to political agendas.  Discerning what’s real and what’s not is extremely difficult because everything is based on perception, not reality.  The son of JP Morgan, Pierpont Morgan, said over a hundred years ago, “A man has two reasons for doing anything: a good reason and the real reason.”  That sums up what’s going on today. If only Paul Harvey was alive to give us “the rest of the story.”  In the last week of October Southwest Airlines CEO expressed some of this frustration when he told Fox News, it “makes no sense” to fire employees for not being vaccinated and he’s not going to do it. 

The current blue-pill administration in DC has managed in less than 10 months, to spend more money than any other administration in the history of our nation, which has created the sharpest rise in inflation in 40 years.  They have increased regulations and are proposing additional regulatory increases making it more costly to do business and making America less competitive internationally.  They have taken us from energy independence to being dependent on other nations for our power.  They have made extremely poor military decisions in Afghanistan, casting doubt on American resolve and credibility internationally.  They have passed, and are attempting to pass, a $3.5 Trillion budget and spending proposals which economically and mathematically have no connection to reality.  And they have completely ignored rule of law and the US Constitution all along the way.  Fortunately, their programs and legislation have been so radical that, in the 50 to 50 divided US Senate, they can’t even get their own members to pass them.

Makes No Sense Southwest Airlines Says It Won’t Fire Workers Who Don’t Get C-19  Vaccine (10.24.21)

Yellen Backs Down on IRS Snooping on Americans Bank Accounts (10.19.21)

Democrats Reach Agreement to Raise $600 Cap for Biden’s Proposal on IRS Reporting, Surveillance (9.28.21)

Biden’s $600 IRS Taxpayer Reporting Proposal ‘Massive Invasion of Financial Privacy’ Bank Association Exec (10.9.21)

Social Security Announces Largest Benefits Increase Since 1982 (10.13.21)

Budget bill would fine companies up to $700,000 for not complying with Biden’s vaccine mandate (10.1.21)

Dems Hide Draconian Vaccine Fines In Massive Spending Package (9.30.21)

Central Banks & Banks

 As in the previous two quarters, central banks are continuing to keep interest rates artificially low and printing money to keep their nation’s economies afloat.  “[The] U.S. dollar’s status as global reserve currency at risk, amid CCP-backed IMF plan to boost global liquidity by funneling $650 billion to governments and pharmaceutical interests.  A controversial plan to boost global liquidity means the days of the U.S. dollar being the undisputed king of the international monetary system may be coming to a close,” experts told The Epoch Times.

They went on to say, “The Biden administration-backed International Monetary Fund (IMF) proposal to issue an unprecedented $650 billion U.S. dollars’ worth of new “Special Drawing Rights” (SDRs) this year alone will also help re-shape the international financial system.  That is more than twice the total amount of SDRs created by the IMF throughout its entire history.  The SDR is a sort of proto-global currency, based on a basket of leading currencies, dubbed an “international reserve asset” by the IMF. Each government receives an amount of SDRs proportional to its stake in the international organization. 

Central Banks and the world banking system are facing some other serious challenges, such as fraud and illegal manipulation by their managing directors, resulting in resignations and investigations as well as the likely default of Evergrande, one of China’s largest banks.  The Federal Reserve came up with its own blue-pill initiatives when they announced changes to their $500B loan program, added climate change as a factor in issuing bank loans, and said they would stop publishing GDP forecasts, most likely to hide the economic downturn they see coming.  Yahoo News reported, “A new White House report released Friday morning says climate change poses “systemic risks” to the U.S. financial system, and presents a “roadmap” to building a “climate-resilient” economy.  Top aides emphasized that framing to promote wide-ranging moves that will weave climate risk into many agencies’ new policies and regulations.

In other words, climate change will now be a factor in loaning money to businesses, so even if a business has a great history of business performance and loan repayment, they could be denied a loan if they don’t comply with certain climate change standards or initiatives.  

Evergrande’s $2.6 bln unit stake sale fails as Chinese officials seek to calm nerves (10.20.21) Reuters

Evergrande Risks Are Controllable, China’s Central Bank Says Amid Growing Fears (10.15.21)

White House Vows to Treat Climate Change as Systemic Financial Risk (10.15.21) Yahoo News

Economic Tailspin This May be Why The Fed Stopped Publishing GDP Reports (9.14.21) Glenn Beck

Federal Reserve Changes its $500 Billion Loan Program for Banks Explained (9.7.21) Glenn Beck  

Concerns Surround IMF Plan to Flood World With Liquidity (7.13.21)

World Bank Leaders, Including Now-IMF Chief, Pressured Staff to Boost China’s Ranking in Report, Investigation Finds (9.17.21) ,

2 Top Fed Officials Step Down After Backlash Over Trades (9.27 21)

Get Ready for the Left’s Climate-Change Emergency Lockdowns (9.12.21)


Cryptocurrency is growing in global appeal and use, as it officially became legal tender in El Salvador, Bhutan and Nigeria, but was outlawed in China, even though they have no ability to halt peer-to-peer cryptocurrency exchange.  WSJ reported that Janet Yellen had concerns about stablecoins being a source of liquidity the Fed can’t control. “Stablecoins, digital currencies pegged to national currencies like the U.S. dollar, are increasingly seen as a potential risk not just to crypto markets, but to the capital markets as well.  Stablecoins are a key source of liquidity for cryptocurrency exchanges, their largest users, which need to process trades 24 hours a day. In the derivatives and decentralized finance markets, stablecoins are used by traders and speculators as collateral, and many contracts pay out in stablecoins.”

Bitcoin Climbs Back Above $63,000 (10.25.21)

Nigeria to Launch Digital Currency Monday to Enhance Payments (10.23.21)

Bitcoin Launch Sparks Wave of Crypto Speculation in El Salvador (10.4.21)

Bhutan’s Crypto Ngultrum Launch Gets the Blockchain Right (9.28.21)

China Declares Cryptocurrency Transactions Illegal; Bitcoin Price Falls (9.24.21)

Risks of Crypto Stablecoins Attract Attention of Yellen, Fed and SEC  (7.17.21) WSJ


As the world sinks deeper and deeper into debt, the question is: how much deeper can we go before we hit bottom and the world revisits the global liquidity crisis of 2008, or worse?  The US House and Senate’s perennial answer to not enough revenue is to raise the US debt ceiling.  Raising the debt ceiling, like increasing the credit limit on your credit card, doesn’t solve the problem; it makes it worse and could cause them to default on their debt.  Signs of an impending crisis are beginning to show as we are experiencing inflation, a 67% surge in foreclosures on Covid bailouts, and reports of Social Security & Medicare insolvency.  The Blaze reported, “JP Morgan Chase CEO Jamie Dimon revealed Tuesday the multinational investment bank is preparing for the “potentially catastrophic” event that the United States defaults on its debt.  The eyebrow-raising comments were made as Democrats seek to pass a $3.5 trillion spending bill, which they claim “costs zero dollars.” Unfortunately, the Congressional Budget Office has not yet scored the bill, but some analyses indicate the bill, if it becomes law, could add more than $4 trillion to the national debt.  Dimon told Reuters that JPMorgan Chase is preparing for how to conduct business if the U.S. defaults on its credit, a possibility that would cripple the U.S. economy.”

Senate Leaders Announce Short-Term Deal to Raise Debt Ceiling (10.7.21)

Foreclosures are Surging now that Covid Mortgage Bailouts are Ending, but They’re Still at Low Levels (10.14.21)

JPMorgan Chase CEO warns his bank is preparing for ‘potentially catastrophic’ US credit default (9.28.21) The Blaze

Officials Agree Social Security, Medicare Are in Deep Trouble, but Solutions Mean Tough Choices (9.2.21)

Accounting Critic Says Biggest Problem Facing Social Security, Medicare Is Trillions in Unfunded Debts (9.2.21)

World Economy

The Epoch Times reported: “The International Monetary Fund (IMF) has slashed its growth forecast for the United States by one full percentage point, blaming supply chain disruptions and weaker consumption, while warning of growing economic risks to the world economy.  In its most recent World Economic Outlook, released on Oct. 12, the IMF cut the growth forecast for the United States from 7.0 percent in July—a level that would have been the strongest pace since 1984—down to 6.0 percent. At the same time, the IMF raised the U.S. growth forecast for 2022 by 0.3 of a percentage point to 5.2 percent.  The sharp downgrade was blamed on large inventory drawdowns in the second quarter, partly driven by supply chain chaos, as well as softening consumption in the third quarter.  U.S. growth could shrink further, the IMF said, because its forecasts assume that a deeply divided Congress will approve President Joe Biden’s proposed infrastructure and social spending package worth around $4 trillion over a decade.”

In other world news, the NY Times reported that “More than 130 countries agreed to set a minimum tax rate of 15% as governments look to end a race to the bottom on corporate taxation.  The low tax countries were threatened that if they did not join the new accord, their access to dollar and euro payments systems could be cut off.”  That said, each of those countries will have to get their legislatures and parliaments to ratify the agreement, which will be quite the feat. 

The world is experiencing supply chain problems, supposedly because it lacks containers, workers to unload them, and products to be shipped.  In a free economy, these should not be insurmountable problems, somebody starts making more containers, increasing the wages for people to load and unload them, and manufacturing what is in short supply.  This is what America has done for over 200 years, until the last election.  The answer to the clogged ports was offered by Gov. DeSantis, who invited the ships to come to Florida, “We’ve got capacity, and all of our ports can offer these businesses good incentives if they reroute their ships,” he said during an interview with Fox News’ Tucker Carlson. “We’ve already had some ships rerouted. We expect to have more, but if you’re going to sit off the coast for days on end, you might as well just bring it to Florida. We’ve got great logistics on the ground that can get it to market.

The Epoch Times reported, “Consumer prices rose by more than expected in September as food and energy costs surged, new government data show.  According to the latest Bureau of Labor Statistics (BLS) data, the annual inflation rate climbed to a 13-year high of 5.4 percent in September, coming in higher than the median estimate of 5.3 percent.”  Food, gas, utility rates and other products are increasing in price, as many currencies are decreasing in value, due to the massive quantitative easing  C-19 handouts, restrictions and mandatory vaccination requirements, are also needlessly driving up the cost of living and creating employee shortages, which in turn create production shortages.  You would think the most pro-abortion administration in history, would be able to connect the “my body, my choice” mantra to something else other than abortions.

DeSantis Offers Florida Ports to Alleviate Supply Chain Pinch (10.23.21)

One of World’s Largest Port Operators Warns Global Supply Chain ‘Crisis’ Will Last Longer Than


Record Number of Container Ships Waiting Off Ports of Long Beach (10.19.21)

Vaccine Mandate Threatens Major Trucking Disruption, Industry Insiders Say (10.25.21)

IMF Cuts US Growth Forecast Due to Supply Chain Chaos, Weaker Spending (10.12.21)

Global Deal to End Tax Havens Moves Ahead as Nations Back 15% Rate (10.8.21) NYT

American Household Heating Bills Are Expected to Spike This Winter Says Federal Agency (10.14.21)

US Consumer Prices Surge Higher Than Expected, Hit 13-Year High (10.13.21)

Food Prices Hit Highest Level in a Decade (10.12.21)

US Gas Prices Rise to New 7-Year-High With No Drop in Sight (10.11.21)

Three Bizarre Reasons Why Inflation Is Here To Stay (10.11.21) SMC

NYC Restaurateurs Business Down 40 to 60 Percent Due to Vaccine Mandate (10.1.21)

World Bank Warns of Tragic Reversals in Developing Countries Due to C-19 (10.11.21)

World Economic Forum Publishes Shocking Great Reset Strategy (9.15.21)

Great Reset Leaders Admit Your Way of Life Doesn’t Matter (9.15.21) GB

The Unholy Alliance of Big Government, Big Business & Woke Dogma (9.14.21)


China is the biggest problem-nation in the world today.  Not a day goes by that China isn’t being chastised by another nation or people inside their nation.  China rejects every accusation and never takes responsibility for anything it says or does, normally shifting the blame to the group or nation accusing them.  No one trusts them and most fear them, but since Trump left the White House in January, few dare to openly challenge them.  China bullies and threatens the world while trying to appear invincible, but they are not.  China has massive internal problems.  They have widespread shortages of everything, their largest bank is about to default and their economy is faltering.  The Epoch Times reported, ‘The Chinese economy is on the path of a sharp slowdown in the coming years as Beijing wrestles with the Evergrande debt crisis, an economic analyst warned, adding that the coming slump should serve as an awakening to the other parts of the globe.”  In spite of brutal tactics and human rights violations against their people, Chinese citizens are starting to push back against this dictatorial, totalitarian regime.  You can only push people so hard before living under such a regime becomes worse than death.  At which point they have nothing to lose and that regime begins to lose control.  More and more Chinese people are moving in this direction, and there are far more of them than there are soldiers. 

Evergrande: The End of China’s Economic Growth (10.25.21)

Inside China’s Evergrande Crisis, the Buildup Against Taiwan, and the Inner Workings of China’s Financial System (10.24.21)

China’s Top Planner May Intervene in Market to Tackle Irrational Coal Price Increases (10.20.21)

Evergrande Crisis Portends a ‘Dramatically’ Slowing Chinese Economy, Economist Says (10.19.21)

China to US Freight Cost Soared Tenfold Due to Container Shortage (10.4.21)

Evergrande Risks Are Controllable, China’s Central Bank Says Amid Growing Fears (10.15.21)

Workers Who Maintain Supply Chains Warn of Worldwide System Collapse (9.29.21)

Evergrande Crisis Escalates as Protests Break Out in China (9.13.21) Bloomberg News

What is Behind China’s Power Crunch (9.2.21)

Is China Heading Towards Economic Collapse (9.17.21) The Blaze–gD4K4&t=802s

Political Unrest

In light of China’s actions, central bank decisions, covid-19 related mandates and restrictions, political and social unrest is rampant throughout the world.  The WSJ reported, “European Union leaders urged Brussels to act cautiously in an escalating fight with Poland’s nationalist government over its judiciary as the bloc’s heads of government gathered Thursday for a summit.  The latest fight centers on a ruling by Poland’s constitutional tribunal two weeks ago that EU treaty law has become incompatible with Polish law—an unprecedented ruling from a national court. The ruling was delivered in response to a legal question posed by Polish Prime Minister Mateusz Morawiecki.”

The EU continues to pressure all the sovereign nations of Europe to conform to its mold, hence its warning to Brussels to tread carefully.  Like many nations in Europe, US and Australia are extremely divided within their federal governments and among their states.  International relations and agreements are also causing divisions and shifting alliances.  France recalled their ambassadors from the U.S. because they were left out of an agreement between the US, Australia, Canada and the UK.  The one unifying factor seems to be standing together against China because no one wants to stand alone.  China’s open aggression, spying and infiltration are happening everywhere and many nations realize that if they don’t stand together against China, they are vulnerable.  China is demanding that Taiwan become part of China under its rule, and made many provocative moves in that direction, so much so that the US, Canada, the UK and Australia have sent military assistance to Taiwan for the first since the 1970s.

European Leaders Urge Caution in EU Clash With Poland (10.20.21) WSJ

Warfares Doctrine Underpins CCP’s Sprawling Campaign to Infiltrate the West (9.28.21)

China’s Escalating Military Pressure on Taiwan Poses Challenge to Democracies Everywhere Say Experts (

Taiwan Calls on Beijing to Abandon Its Provocations After Xi Vows ‘Reunification (10.9.21)

China’s Xi Inspects Secret Space Base, Asks the Military to Prepare for War (9.24.21)

Beijing Responsible for Largest Transnational Crackdown in the World to Muzzle Diaspora, Report Finds (9.26.21)

Africa Crisis Update

In less than a week the South African Food & Supplies Outreach has collected so much food it could fill up half the stadium that has been offered as storage space for distribution.  The volunteer distribution staff has had to quadruple and they currently have enough food to feed a million people. Below is a testimony I was sent by one those who live in SA and is administering this effort by Boulder Foundation: 

Anyone Who Wants to be Part of the Most Awesome Time Ever

The last 18 months in worldly terms was terrible but I want to tell you of the Greatness of our God.  Yes these reports are true but why do some trusting with fullness in God experience this totally different.

We have a property in the Heart of Durban (we call it God’s flowerbed in the heart of Durban City) where we support a pastor and his family from DRC for the past 8 years. We know God has a plan for Durban City and not a week goes past that we don’t pray for that city and Oscar (The Pastor). When this unrest started I called Oscar not concerned but with a heart how can we help.  Obviously with a bottle store and a supermarket TENANTS in the building we should have been looted and part of this destruction story. BUT God protected us and not only protected us but enabled us as group to use this building as a distribution place for food to these poor people.

A week ago on a prayer call we prayed for three of the group’s friends we knew in this area. We did not get into this due to despair and hopelessness but because God gave the body a means to THE SOLUTION in every place where the physical human nature says different. Within less than a day God made it possible to fly in food to help. This small act of help was the beginning of many testimonies that is still unfolding.

Yesterday after ness than a week I received a cash Offer for my Small farm less that 10 km from one of the major areas of destruction in Johannesburg. The world says no, no, no GOD says this my child is another opportunity to proof my love to people, and another opportunity for ME  to love people. What the world deemed as disruptive, destructive and harmful God ordained to be another opportunity.
Be encouraged Family

Please continue to pray for this effort
To contribute go to:

Aid for South Africa

Certain areas of South Africa are in anarchy and citizens are under strict stay at home lockdown and many are threatening to be shot by both government and the anarchists, if they leave their homes. People can’t go out and buy food or any other provisions. Zuma the former president who was very corrupt and stole from everyone while in office was put into jail and that ignited the demonstrations and its escalating. The crisis in South Africa is very severe, even if people could manage to get to a store, there no food or provisions on the shelves.

Currently an effort is being put together to assist South African citizens to get them food and supplies. They are putting together a plan that is mobilizing private planes, private pilots, trucks, businesses, ministries, and people in a matter of hours. They have secured 18,000 meals that are in the process of being delivered and they would likely increase that amount as much as possible.
This literally is happening now as we speak, and we can be a part of it in both in prayer and donations. I have forwarded this information to Rick, both by text and email and he can put it on the sight tomorrow. The donation can be made to the Boulder Foundation and it will be the first option listed as Emergency Relief for South Africa link on their website.

Boulder Foundation:

South Africa Deploys Army to Contain Unrest Over Former President’s Arrest (7.12.21) WSJ

Q-2 Economic Update

Lines are being drawn in the sand across every facet of our society, our schools, the church, social media, mainstream media, sports, small business, big business, Wall Street, federal, state and local government, and international relations.  Division, accusation and animosity between opposing forces are constantly increasing.  China vs. the US, Texas; Florida & North Dakota vs. the federal government; Fox vs. CNN; Conservatives vs. Progressives; Republicans vs. Democrats; BLM – Antifa vs. Police – all authority and the foundational principles of society; and Big Tech vs. everyone. 

Controversy and volatility are the rule of the day and have always been perpetuated by those who stand to benefit from them. The instant mass communication technology of our day, however, is threatening the ability of the wealthy powerful few to manipulate the masses, and as these elite try to push back and maintain control through distraction and division, things will likely continue to escalate.  One of the few things people seem to agree on is that Big Tech is too big and too controlling.  US Markets, although volatile, are still at record highs, but market watchers and economists warn of bubbles and inflation.  C-19 policies are also creating havoc, especially in CA where many of their large cities are not enforcing shoplifting laws for under $950.00.  This has resulted in many retail stores closing; Target has closed six of their outlets there.  C-19 policies have also cause employment shortages, as a greater number of people choose not to work due to increased and extended unemployment benefits.        

Republicans, Democrats Unified Against Big Tech Says Rep. Buck (7.12.21)

Higher Inflation Is Here to Stay for Years, Economists Forecast (7.11.21) WSJ

Wild West Mentality is Gripping Housing, Stocks & Crypto (5.28.21) CNBC

What Happens When The Law Says Stealing $950 Isn’t Stealing (7.6.21) IFA & ABC7

Banks & Central Banks

Most Central banks continue to print money and keep interest rates artificially low to keep their nation’s economy afloat.  They are also venturing into unchartered territory with their avocation of cryptocurrency.  Reuters reported, “The Bank of International Settlements (BIS) has given its full backing to the development of central bank digital currencies (CBDCs), saying they are needed to modernise finance and ensure ‘Big Tech’ does not take control of money.  Dubbed the central bank to the world’s central banks, the BIS, which is coordinating many of their discussions on digital currencies, set out recommendations on Wednesday on how a CBDC such as a digital dollar, euro, yen or yuan should look.”   

Wells Fargo has closed down all personal lines of credit, they gave all kinds of reasons, but nothing substantial.  If you wanted to limit your risk exposure to a coming financial crisis, however, that would certainly do it.  Another sign banks are preparing for a crisis is their uptick in the purchase of gold.  Russia is planning a $4.4 billion purchase this month and is also moving out of US dollars. Bloomberg reported, “Russia said it will eliminate the dollar from its oil fund to reduce vulnerability to Western sanctions.” CNBC reported that “Deutsche issued a dire warning that focusing on stimulus while dismissing inflation fears will prove to be a mistake, if not in the near term, then in 2023 and beyond.”  

Wells Fargo Confirms Its Shutting Down All Personal Lines of Credit (7.8.21)

Central Bank Digital Currencies Get Full BIS Backing (6.23.21)

Fed’s Reverse Repo Volume Hits All-Time High (6.7.21)

Russian Finance Ministry to Buy $4 Billion Worth Of Gold, FX in July (7.5.21)

Thai Central Bank Leads Pack, Buying 90 Tonnes of Gold Over April & May (6.27.21)

Russia Cuts Dollar Holdings From $119 Billion Wealth Fund Amid Sanctions (6.3.21)

Deutsche Bank Warns Of Global Time Bomb Coming Due to Rising Inflation (6.8.21) CNBC

Currency & Digital Currency

With every passing quarter, more and more things fall into place which lay the groundwork for paper currencies to change to digital currencies.  The Bank of International Settlements (BIS) gave its full backing for the move.  Some countries will handle it well, while others like China will use it to control and manipulate their citizens and businesses, as well as international businesses or anyone that uses their digital currency.  In an Epic Times interview, Kyle Bass (founder of Hayman Capital Management) said, “Imagine a currency that almost has a mind of its own… It knows your account data, knows your birthday, your social security number, where you live and exactly what you like to buy. And all of this knowledge would be sitting in the hands of the Chinese Communist Party.”  Bass explains the threat and potential dangers of China’s new digital currency in the link below.  

Glenn Beck said, “There’s a race happening now between the U.S. and China to see which power will develop a national, digital currency first. The U.S. wants to develop a sovereign cryptocurrency that could give the government complete control — and most Americans don’t realize how close that plan is to fruition.” also reported the following quote from DOE governor Andrew Baily:

“… stable coins have created a whole host of issues that central banks, governments and society as a whole need to carefully consider.  It is essential that we ask the difficult and pertinent questions when it comes to the future of these new forms of digital money.”  The banks and central banks are concerned because they have control over stable coins digital currencies which offer greater rates of interest than the banks can, as it is an industry disrupting new innovation.”

The IMF has plans to issue massive amounts of SDRs which is a world currency.  If they do this it would diminish the power of the US dollar (USD) internationally and would devalue the USD increasing inflation in the US.  The greatest beneficiary of this will be China, which begs the question why would the Biden administration agree to this, if it benefits China and hurts American citizens?

Concerns Surround IMF Plan to Flood World With Liquidity (7.13.21)

The Cancer of China’s New Digital CurrencyBy Kyle Base (7.10.21)

Central Bank Digital Currencies Get Full BIS Backing (6.23.21)

How the Fed Could Force You Into a New Digital Currency (6.23.21) GB

BOE Tackles Difficult & Pertinent Questions About Digital Money (6.7.21)

World Markets

US Stock Market numbers are high and it’s predicted that trend will continue in the near term, however, the last few weeks have seen radical shifts up & down.  For example, the Dow lost almost 300 points on Thursday, only to gain over 400 on Friday.  Needless to say, we have a volatile market with positive leanings; however, concerns are being voiced with these leanings, such as valuations that are trading much higher than their expected earnings.  The WSJ reported, “Wall Street is heading into earnings season this week with high expectations after strong profits fueled a stock market rally in the first half of the year.  The S&P 500 traded Thursday at nearly 22 times expected earnings over the next 12 months, above a five-year average of a little more than 18.  “Valuations on their own don’t kill a market, but valuations make you vulnerable if there’s an unpleasant surprise,” said Tom Hancock, lead portfolio manager of the GMO Quality Fund.”

One positive is that the Biden Administration is ending the moratorium on foreclosures and evictions which has caused tremendous hardship for landlords, especially everyday citizens who own one or two rental units.  One negative is that the G-7 & G-20 plan to create a worldwide corporate tax; this would greatly hurt corporate bottom line, discriminate against smaller countries and result in massive unemployment.  The chances of this passing the Senate at the moment is very unlikely, but it’s one of the only ways the Biden administration believes it can raise taxes to support its exponential spending plans.  The Epoch News reported that 9 countries have refused to sign the agreement, many of which are EU nations which can’t raise taxes without unanimous approval of its members.

Employers in the US, Italy and other nations, are struggling to find help because these governments cannot politically wean themselves from their C-19 emergency provisions.  In the US employers are having a hard time finding workers, and they also have one of the highest amounts of underemployed.  Reuters reported, “5.8% [unemployment] is still a high rate and leaves over 9 million unemployed.  This shows up in a statistic called the “labor force participation rate” which is currently about 61.4%, close to the lowest rate since the 1970s.” 

A new force with a new agenda is asserting itself into Wall Street; climate control and the Green Agenda are taking over corporate boards like Exon, and hiring big name corporate lobbyists.  NYP wrote, “Nobel prize-winning economist Robert Shiller is worried a bubble is forming in some of the market’s hottest trades.  He’s notably concerned about housing, stocks and cryptocurrencies, where he sees a “Wild West” mentality among investors, the Yale University professor told CNBC’s “Trading Nation” on Friday.  Big name Lobbyists being hired in Washington to push both the Biden Administration and Leftist corporations’ policy agendas.”

In another part of the world, Bloomberg reported that China is busy destroying what’s left of free markets in Hong Kong. If short-term gains are your only consideration, then you may stay with Chinese stocks. But, if you’re looking for long-term profit and wealth preservation, Chinese capital markets are toxic and best avoided.

US Consumer Prices Surge in June, Inflation Climbs to 13-year High (7.13.21) Reuters

Earnings Kick Off With Sky-High Forecasts, Record Stock Market (7.10.21) WSJ

Major Indexes Close at Record Highs (7.9.21) WSJ

Stocks Close Lower on Economic Worries (7.8.21) WSJ

Big Tech Crackdown Seen Hurting China’s Pipeline for IPOs (7.6.21)

Biden to End Foreclosure And Eviction Moratorium on July 31 (6.24.21)

Nine Countries Reject Global Minimum Tax Deal, Sending It Down Rocky Road to Completion (7.7.21)

Tech Giants & Tax Havens Targeted by Historic G7 Deal (6.5.21) Reuters

Foreign Companies Must Act at Beijing’s Behest Under New Law in China (6.11.21)

Italy Is Struggling to Thaw Out Its Frozen Labor Market (6.30.21) Bloomberg

From Jersey Shore to Great Barrier Reef, Businesses Ask Where’s the Help (5.28.21)

BlackRock’s No. 1 Goal in Woke Investing Huge ESG-Funds Haul (6.5.21) NYP

Wild West Mentality is Gripping Housing, Stocks & Crypto (5.28.21) CNBC

Wall Street Taps Political A-Listers for $30 Trillion Green Boom (5.28.21) Bloomberg

Political Unrest  

The Netanyahu government fell and a new Israeli coalition led by Naftali Bennett has taken over, but it is unclear if it will hold together.  Egypt and Ethiopia are at odds over a new hydroelectric dam and water rights, as water rights have become a point of contention in many regions around the world.  The Hattian President and his entire family were killed.  Thousands demonstrated in Havana and other cities demanding an end to the country’s 62-year dictatorship amid a hard-currency shortage and rising coronavirus infections.  

WSJ REPORTED, “A dispute over the Nile, the world’s longest river, is coming to a head. At stake are the lives and livelihoods of millions of people who depend on its water.  Egypt is objecting to efforts by Ethiopia to start operating a $4.8 billion dam on a major tributary of the Nile, a hydroelectric project that it hopes will power a social and economic transformation of the country, without a binding agreement that preserves Cairo’s rights to the waters.” 

South Africa is in anarchy and citizens are under strict stay at home lockdown with the threat of being shot if they leave their homes.  People can’t go out and buy food or any other provisions.  The escalating demonstrations ignited when former president Zuma, who was very corrupt,, was jailed for his crimes. 

Cubans Are Rising Up Against Oppression & Communism (7.13.21) IFA

Cuban Protests Demand Freedom, Food, Covid-19 Vaccines (7.12.21) WSJ

South Africa Deploys Army to Contain Unrest Over Former President’s Arrest (7.12.21) WSJ

Egypt and Ethiopia Clash Over Nile River Dam as Water Scarcity Looms World-Wide (7.10.21) WSJ

New Israeli Government Wins Majority Vote, Ending Netanyahu Tenure (6.13.21)

The greatest threat to the freedom and security of the world is China, who is pushing its agenda and threatening the world community on many fronts socially, economically and militarily. They have dropped all pretenses of diplomacy and cooperation and are simply issuing edicts, threats and warnings.  Currently, there is no one keeping them in check since Trump exited the presidency. The international community is showing meager resistance and issuing verbally weak, ambiguous statements and threats to counter the Chinese threat.  Internationally, the threat of China taking over Taiwan is becoming a great concern, which would likely draw the US and other nations, who by treaty are committed to defending Taiwan, into a war.  If this were to happen it would also put Japan in great danger as being next on China’s list. 

Currently, no one trusts China; many are limiting their trade with China, especially in the areas of critical infrastructure.  Unfortunately, China will probably continue its push and this tendency is likely to increase.  NATO discussed the Chinese threat at their June 28th meeting.  China is not only pressuring and attempting to increase their control over the international community, but they are also greatly increasing their control over their own citizens.  This is creating resistance and strife internally; the resistance is growing against the dictatorial control of Xi over the CCP and the people.  In an Epoch Times interview, Roger Garside said, “The Chinese regime is “outwardly strong, but inwardly weak,” says China expert Roger Garside, and it’s plagued by a brewing financial crisis, a moral vacuum in society, and the malaise of rampant corruption.”  Garside predicts a coming coup will ultimately end China’s communist dictatorship. 

Britain’s MI5 Spy Chief Says Beware of Russian and Chinese Agents (7.14.21) Reuters

Japan Deputy PM Says Need to Defend Taiwan with US If Invaded (7.6.21)

Former Chinese Party Insider Calls U.S. Hopes of Engagement Naïve (6.29.21) WSJ

Victor Hanson on the Assault on Meritocracy, Politicization of the Virus & the Platonic Noble Lie (6.28.21)

Chinese Defector’s Identity Confirmed, Was Top Counterintelligence Official (6.17.21)

Foreign Companies Must Act at Beijing’s Behest Under New Law in China (6.11.21)

Bible Warns Us About These Days Here’s How to Prepare & Move Forward (6.14.21) – GB

G-7 Rebukes Chinese Regime Over Human Rights, Demands COVID-19 Origins Investigation (6.13.21)

A Coming Coup Will End China’s Communist Dictatorship (6.17.21) Roger Garside

Foreign Companies Must Act at Beijing’s Behest Under New Law in China (6.11.21)

MISC Articles

US Ranks Last in Global Media Trust (6.28.21)

The New Climate Narrative (6.4.21)

Biden Admin Announces Door-to-Door Outreach Teams to Get Americans Vaccinated (7.7.21)

Preschool and Kindergarten Enrollment Drops 13 Percent Nationally (7.6.21)

Tensions Run High on Border as Crisis Worsens (7.7.21)

States v Federal Government is Another Civil War Brewing (6.4.21) Fulton Sheen

In the 1860s the US became divided based on race, slavery and white supremacy. France and England were actively influencing the narrative, hoping that what they couldn’t accomplish by a war could be accomplished by America destroying itself from within, after which they were posed to easily take over what remained. In the 2020s the same narrative and game plan is again attempting to divide America and just like 160 years ago the real goals and objectives are only being whispered. A growing number of states are resisting the narrative and a new civil war is brewing which may not evolve into a shooting war, but refusal to follow federal mandates and secession could happen just like it did before.

REFERENCES (States v Federal Govt)

Big Tech

Location Off Should Mean Location Off Google Hit With Lawsuit Over Data Collection Schemes (5.31.21)

DeSantis Signs Bill to Stop Big Tech Censorship of Floridians (5.24.21)

Six announcements from Google I/O (5.18.21)

Texas Senate Passes Bill That Would Block Social Media Companies From Banning Users for Their Political Views (4.1.21)

Texas Senate Passes Bill That Would Block Social Media Companies From Banning Users for Their Political Views (4.1.21)

Poland Stands Up To Big Tech With Huge Fines–We Could Too (2.27.21)

Twitter to Use Strike System to Take Down What They Consider Covid-19 Vaccine Misinformation (3.3.21)

Governor Big Fines Coming Against Big Tech Censorship (2.4.21) Facts Matter (Excellent)  

Antifa, BLM & Anarchy

Texas Gov. Abbott Signs Bills to Prevent Defunding the Police and Increase Penalties for Interfering With Police  (6.2.21)

Black Lives Matter St. Paul Founder Says He Resigned After Learning the Ugly Truth (5.31.21)

Refunding the Police Major Cities Backtrack on Police Budget Cuts After Crime Surges (5.25.21)

BLM Founder’s Video From 10 Years Ago Reveals Her Fondness of Mao’s Red Book (5.1.21)

Albuquerque police take defiant stand after leadership disciplines officer There is no morale (4.19.21)

LA County Sheriff Blames Defund the Police, Progressive Policies for Murder, Violent Crime Wave (4.18.21)

Florida Lawmakers Approve Anti-Riot Combating Public Disorder Bill (4.16.21)

Maryland Becomes 1st State to Repeal Police Bill of Rights (4.11.21)

Climate Control

Biden Sued by 12 States Over Climate Executive Order (3.8.21)

Louisiana Leads 10-State Lawsuit Against Biden’s Climate Order (4.23.21)


1,000 Lawyers & 10,000 Doctors File Lawsuit For Violations of Nuremberg Code (5.24.21)

Oklahoma Legislature Passes Bill Banning Mask Mandate, COVID-19 Vaccine Requirements in Schools (5.27.21)

Texas Records Zero COVID-19 Deaths for 1st Time Since March 2020 (5.1.21)

DeSantis Said Florida Won’t Cave to Pressure to Remove Ban on Vaccine Passports (5.17.21)

Missouri Governor Ends Federal Pandemic Unemployment Boost (5.12.21)

South Dakota’s Noem Bans Vaccine Passports (4.21.21)

Gov. DeSantis Says CCP Should Be Held Accountable for Abetting Pandemic (4.21.21)

House Lawmakers Call on South Carolina Governor to Ban Vaccine Passports (4.5.21)

Texas Gov. Greg Abbott Bans Covid-19 Vaccine Passports Don’t Tread on Our Personal Freedoms (4.6.21)

Republican Lawmakers in Kansas Revoke Mask Mandate (4.2.21)

Virus Tolls Similar Despite Governors’ Contrasting Actions (3.13.21)

Multiple Governors Announce Significant Rollbacks of CCP Virus Restrictions (3.7.21)

Texas Governor Ends Statewide Mask Mandate, Allows All Businesses to Fully Reopen (3.2.21)

The New Covid Resistance (12.9.20) WSJ

2nd Amendment

Biden on the Second Amendment, No Amendment is Absolute (4.7.21) Fox News

Biden Targets Guns, States Push Back  (4.10.21) IFA

States Lead on Life, Race & Guns This Week (5.1.21) IFA

22 States Join Lawsuit Urging Federal Court to Rule Against California’s Large-Capacity Gun Magazine Ban (4.4.21)

Arizona Governor Signs Bill to Defy Any New Federal Gun Control Laws (4.7.21)

AZ Ducey Signs Second Amendment Sanctuary Bill (4.7.21)

Iowa Governor Signs Bill Into Law Letting Residents Buy, Carry Guns Without Permits (4.3.21)

South Dakota Governor Signs Bills to Protect Gun Rights (3.26.21)

Arkansas State Senate Passes Bill Banning Enforcement of Federal Gun Control Laws (3.2.21)

Iowa House Passes Bill to Let Residents Buy, Carry Guns Without Permits (3.18.21)

Election Reform

Pennsylvania Lawmakers Hopeful for Audit After Touring Arizona Election Review (6.3.21)

Wisconsin Lawmakers Advance Bill to Stop Election Workers From Fixing Mistakes on Ballots (6.2.21)

Democrats Label Voter ID Laws Evil & Racist But Ignore The Fact That 46 of 47 European Democracies Have Them (6.2.21)

Texas Senate Passes Major GOP-Backed Election Reform Bill (5.30.21)

Arizona Senate Considering Expansion of Maricopa County 2020 Election Audit (5.30.21)

Pennsylvania County Votes to Investigate Voting Machines Over Errors (5.28.21)

Wisconsin Nov. 3 Election Will Be Investigated by Retired Officers (5.27.21)

Arizona’s Top Elections Official Tells Maricopa County to Get New Election Machines (5.21.21)

Georgia Judge Decides to Unseal Absentee Ballots in Fulton County for Review (5.21.21)

New Hampshire Auditors Find Problem Scan Counted 28 Percent of Test Ballots for GOP Candidates (5.24.21)

Alabama Gov. Kay Ivey Signs Law Banning Curbside Voting (5.27.21)

Michigan Judge Dismisses Antrim County Election Case (5.18.21)

Thank God H.R.1 is Dying in the Senate (5.20.21)

Wisconsin Authorizes Audit of 2020 Election (5.12.21)

Texas House Passes GOP-Backed Election Integrity Bill (5.7.21)

Tennessee Legislature Passes Bill Requiring Watermarks on Absentee Ballots (4.30.21)

Florida Passes New Elections Bill Adding Restrictions to Vote-by-Mail and Ballot Drop Boxes (4.30.21)

Montana Governor Signs 2 Election Integrity Bills; Democrats Sue, Claiming ‘Voter Suppression (4.22.21)

Major Corporations Coordinate to Fight GA-Type Election Laws–You Won’t Believe Why (4.13.21)

Raffensperger Refers 3 Counties for Investigation Over Ballot Drop Box Forms (4.9.21)

Wisconsin Supreme Court Rules State Shouldn’t Purge Thousands of Voters Who May Have Moved From Rolls (4.9.21)

Pennsylvania Forced to Remove 21,000 Dead People Off Its Voter Rolls (4.8.21)

Forensic Results in 9 Michigan Counties Found 66,104 Unregistered Ballots Secretary of State Stalls (4.11.21)

Executives From More Than 30 MI Companies Come Out Against Republicans Proposed Voting Changes (4.13.21)

CEO meeting Proves the Great Reset is Upon Us (4.14.21) The Blaze

Arizona Governor Signs Bill Banning Private Donations for Election Processes (4.12.21)

Antrim County the Thread That Unravels 2020 Election Theft (4.9.21) By Patrick Colbeck

It’s Long Past Time For Conservatives To Boycott Corporations That Hate Them (4.6.21)

Arizona Senate Hires 4 Firms to Audit 2.1 Million Ballots From 2020 Election (4.1.21)

Texas State Senate Passes Election Integrity Bill Targeting Mail-in Ballots (4.1.21)

Georgia Governor Signs Into Law Sweeping Election Reform Bill, Including Voter ID for Absentee Ballots (3.26.21)

State Election Integrity Bills Rapidly Developing Across The Nation (3.19.21) IFA

Twenty-Eight States Changed Voting Rules to Boost Mail-In Ballots (3.10.21)

Indiana AG Says HR 1 Makes Opportunities for Voter Fraud the Law of the Land (3.6.21)

20 State AGs Denounce Democrats’ HR 1 as Unconstitutional (3.2.21)


Ron DeSantis Tells NCAA, Woke Corporations Where They Can Shove Their Threats Over Transgender Sports Law (6.2.21)

Record Number Of State Bills Protecting Children From Transgender Laws (5.22.21)

Tennessee Governor Signs Bathroom Bill Protecting Access to Biological Sex (5.17.21)

States Lead on Life, Race & Guns This Week (5.1.21) IFA

Mandatory Masks and Vaccines Break the Nuremberg Code (4.28.21)

Leigh Dundas Moving Speech at the Tulsa Conference

Alabama Enacts Law Banning Transgender Athletes From Public School Sports (4.25.21)

Arkansas Becomes First State to Ban Gender Reassignment Surgeries in Children (4.6.21)

GOP States Expand School Choice as Lockdowns Boost Alternatives (4.5.21)

Tennessee Gov Signs Bill Banning Transgender Biological Males From Women’s Sports (3.27.21)

Judge Sides With Biden, Rules That Christian College Must Open Women’s Bedrooms And Showers To Biological Males​ (5.21.21)


Greg Abbott Toughens Texas Border Crossing Penalties They Came to the Wrong State (6.4.21)

Texas Counties Start Charging Illegal Aliens With Child Endangerment, Trespass (6.1.21)

SC Governor Blocks Biden Administration From Bringing Unaccompanied Children From Border (4.12.21)

Texas AG More Lawsuits Coming to Biden Administration Over Border Crisis (4.28.21)

Texas Counties Declare Disaster Over Border Crisis (4.27.21)

Texas Ranchers Dealing With Armed Smugglers on Land (4.15.21)

Texas State Representative Introduces Bill to Finish Border Wall Construction (3.7.21)


Black Lives Matter St. Paul Founder Says He Resigned After Learning the Ugly Truth (5.31.21)

States Banning Critical Race Theory in Government Add Up (5.27.21)

Tennessee Governor Signs Law Banning Critical Race Theory in Public Schools (5.26.21)

Texas Senate Passes Bill That Bans Critical Race Theory From Classrooms (5.22.21)

Judge Blocks Biden Administration From Doling Out Grants Based on Race, Gender (5.19.21)

Oklahoma Governor Signs Bill Banning Critical Race Theory in Public Schools (5.8.21)

Candid Conversations On Racism And Justice–Don’t Miss This (5.6.21)

Farmers Sue Biden Administration Over Racist Covid Relief Plan (5.7.21)

Tennessee Legislature Bans Critical Race Theory in Public Schools (5.6.21)

BLM Founder’s Video From 10 Years Ago Reveals Her Fondness of Mao’s Red Book (5.1.21)

Segregation Survivor How to Counter BLM’s Race Lies  Bob Woodson Ep 106 (5.1.21)

Oklahoma House Votes to Ban Teaching of Critical Race Theory in Public Schools (4.30.21)

States Lead on Life, Race & Guns This Week (5.1.21) IFA

Idaho Stands Up To Radical Ideologies (4.10.21)  Idaho Freedom Foundation

South Carolina Considers Bill to Require Colleges and Universities to Teach America’s Founding Documents (4.6.21)

Republican States Push Back Against Critical Race Theory (3.31.21)

States Are Standing Up To Critical Race Theory (3.27.21) IFA

Critical Race Theory What It Is and How to Fight It (March 2021)–vX50nlUKZTjnIWDYTGCVCW16oyI40

Red v Blue State Economies

Taxpayers Fleeing California Take $8.8 Billion In Gross Income to Other States (6.4.21)

Red States Lead the Charge In Lowest Unemployment Rates (5.22.21)

Number of States Dropping Federal Jobless Boost Rises to 22 (5.20.21)

GOP Governors Slash Unemployment Benefits as Businesses Plead for Workers (5.9.21)

Red State Governors Speak Out (5.4.21)

US Census Hands More House Seats to Republican Strongholds Texas, Florida (4.26.21)

Red States Lead the Way in Economic Recovery and Employment (3.27.21)


Oregon Counties Vote to Secede Into Idaho (5.19.21)

Why Texans Want to Leave the Union (2.5.21) Interview with Daniel Miller – Crossroads

Texas Republicans Endorse Legislation to Allow Vote on Secession From US (2.5.21)


It’s Long Past Time For Conservatives To Boycott Corporations That Hate Them (4.6.21)

Biden Admin Halts Houston Highway Expansion, Citing Racial Injustice (4.6.21)

Biden Moves to Revive Obama Plan to Federalize Suburban Zoning Regulations (4.12.21)

DeSantis People Moving to Florida ‘Overwhelmingly’ Registering as Republicans, Including Democrats (5.27.21)

Losing Texas Candidate Issues Warning 2022 Could Be Major Setback for Democrats (5.4.21)


Below are links to my BitChute & Rumble video channels, with links to my Prep videos at the bottom. I have also listed the link to our Isaiah 58:12 website.  I would appreciate it if you would hit the thumbs up button below each video you watch, as it causes the video to be shared with a much greater audience.  Also, if you hit the subscribe/follow button on each site, you will automatically receive a notice each time a new article or video is posted. Don’t forget to follow my blog while you’re here as well.

*Video Channels:  &

*Isaiah 58:12 Website: 

*The Basics of Being Prepared:

*Basic Gardening:

*Crisis Financial Prep:

*Digital Currency:

*Internet Security, Protecting Your Privacy & Reducing Your Internet Footprint

Q-1 Economic Update (May 2021)

As a result of actions taken by the previous administration, the US economy and markets performed very well in the first quarter of 2021.  The current administration, however, has already taken detrimental action that will eventually damage the US economy.  The tax hikes being proposed could cost a million jobs, the cancellation of the pipeline will cost over 8,000 jobs, raising corporate taxes and increasing regulation would cause many companies to find more business-friendly nations for their corporate headquarters and production facilities.  What legislation or parts of the spending bills will pass the Senate is still unclear.

According to CNC: “First-time claims for unemployment insurance rose more than expected last week despite other signs of healing in the jobs market, the Labor Department reported Thursday.  The declining headline unemployment rate ignores over 10 million able-bodied Americans between the ages of 25 and 54 who do not have jobs, but are not counted as unemployed because they haven’t looked for a job recently.” 

The future is looking less bright economically, but there are also all kinds of social, constitutional, and international concerns looming as well, with no clear resolution insight.  Even former Clinton appointed Treasury Secretary has criticized Biden’s economic policies. The Epoch Times reported, “Economists, including Larry Summers, the former Treasury secretary of President Bill Clinton, raised concerns earlier about President Joe Biden’s $1.9 trillion relief package and warned that excessive government spending could overheat the economy and fuel inflation.

Behind Biden’s Big Spending Plans, the Waning Sway of Economic Caution (4.29.21) WSJ

U.S. Economy Grew Robustly in First Quarter (4.29.21) WSJ

Fed Holds Interest Rates Near Zero, Expects Temporary Rise in Inflation (4.28.21)

Tax Hikes to Cause 1 Million Job Losses by 2023 (4.11.21)

Weekly Jobless Claims Higher Than Expected (4.8.21)

US Taxation & Regulation Not Business Friendly Anymore
Biden’s tax plan will not generate sufficient revenue to pay for the administration’s spending proposals.  In regard to the plan, Reuters wrote, “This bill would help foot the bill for Biden’s ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.  That would be the highest tax rate on investment gains, which are mostly paid by the wealthiest Americans, since the 1920s. The rate has not exceeded 33.8% in the post-World War Two era.” 

The US future outlook from a taxation, cost of living and cost of doing business stand point, does not look good.  The outlook of states like California and New York and cites like NY, LA, Portland and Minneapolis are worse because of their mishandling of Covid-19 and the violent riots in 2020 and 2021.  According to a NYT article: 

No man’s life, liberty or property are safe while the Legislature is in session.”  That’s how Gideon Tucker — a New Yorker who knew Albany as a former legislator, secretary of state and judge — put it back in 1866. Yet there is something different, and especially troubling, about this time. The possibility of permanent decline and the ultimate destruction of the New York we know is unmatched in modern memory.  Socking New York’s businesses and wealthy residents with $7 billion in new taxes will likely trigger the worst exodus since the Big Apple flirted with bankruptcy in the 1970s, a huge group of major employers and small business owners warned Tuesday…, In a letter to Gov. Andrew Cuomo and the state’s legislative leaders.”

Most business periodicals give New York City a ten to thirty-year recovery timeline, if they can fully recover at all.  NY and CA are the top exit states in the nation for both businesses and population.  In fact, both states lost one representative in the US House after the 2020 Censes, while Texas and Florida each increased by their US representatives by one.

Biden to Float Historic Tax Increase on Investment Gains for The Rich (4.23.21)

What’s in Biden’s Tax Plan (4.7.21) NYT

White House Sends Mixed Message on Higher Taxes (4.11.21)

$7B in Proposed Tax Hikes Could Wreak Havoc on NY, 250 Business Leaders Warn (3.23.21) NYP

Quality of Life Plummets, Taxes Rocket & New York City Faces Doom (4.6.21)

Tax Hikes to Cause 1 Million Job Losses by 2023 (4.11.21)

NYC’s Ultra-Rich Face 52% Combined Top Income Tax Rate, Highest in U.S. (4.7.21)

Quality of Life Plummets, Taxes Rocket & New York City Faces Doom (4.6.21)

Banks & Central Banks

Most Central Banks have continued to print stimulus money and keep interest rates artificially low.  America’s central bank, the Federal Reserve, has continued in this vein as well, with the Epoch times reporting:

The Federal Reserve announced on April 28 that it would keep U.S. interest rates near zero as the pandemic “continues to weigh on the economy.” The Fed officials expect a temporary spike in inflation due to strong consumer spending as the economy continues to reopen.” The WSJ wrote, “The Fed has said it will hold rates near zero until it sees the labor market return to full employment and inflation rise to 2% and is forecast to moderately exceed that level for some time. Mr. Powell reiterated that he thinks it is highly unlikely that the Fed would raise interest rates this year and noted that most central-bank officials see rates remaining near zero through 2023. He also went on to say they expect to reduce bond purchases.”

A new area central banks are venturing into is climate control.  In the past year we have seen the judiciary politicized, and now we are seeing central banks being driven by progressive political agendas instead of economics and monetary policy.  Project Syndicate wrote:

Monetary authorities are increasingly expected to address issues such as climate change and inequality, over the objections of those who insist that central banks’ narrow mandate is what sustains their operational independence. But ignoring these issues, or saying they’re someone else’s problem, is no longer an option.  “We are used to thinking about the remit of central banks as focusing narrowly on price stability, or at most as targeting inflation while ensuring the smooth operation of the payment system. But with the global financial crisis of 2008 and now COVID-19, we have seen central banks intervening to support a growing range of markets and activities, using instruments that extend well beyond interest rates and open market operations.

This, clearly, is not your mother’s central bank.

Fed Holds Interest Rates Near Zero, Expects Temporary Rise in Inflation (4.28.21)

Powell Pledges to Maintain Easy-Money Policies Until Economy Recovers (2.24.21) WSJ

New-Model Central Banks (2.9.21)

Central Bank Will Begin Reducing Bond Purchases Well Before Raising Interest Rates, Powell Says (4.14.21)


The world is moving rapidly toward digital currency replacing paper currency.  China declared, last year, that the yuan will go digital Jan 1, 2022, just seven months from now.  Other major global currencies are preparing for that time as well.  Reuters reported:

China proposed a set of global rules for central bank digital currencies on Thursday, from how they can be used around the world to highly sensitive issues such as monitoring and information sharing.  Global central banks are looking at developing digital currencies to modernise their financial systems, ward off the threat from cryptocurrencies like bitcoin and speed up domestic and international payments. China is one of the most advanced in its effort.

Not all countries are supportive of digital currencies.  According to Reuters: “India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class.  The bill, one of the world’s strictest policies against cryptocurrencies, would criminalize possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan.” 

The reason for this is the way India taxes its citizens, which is based on the amount of Indian currency they have in the bank; they can’t tax digital currency, so they’re attempting to ban it, emphasis on “attempting.”

Bloomberg sums it up this way: “The financial services industry, braced for what could be its biggest disruption in decades, is about to get an early glimpse at the Federal Reserve’s work on a new digital currency.  Banks, credit card companies and digital payments processors are nervously watching the push to create an electronic alternative to the paper bills Americans carry in their wallets, or what some call a digital dollar and others call a Fedcoin.  As soon as July, officials at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology, which have been developing prototypes for a digital dollar platform, plan to unveil their research, said James Cunha, who leads the project for the Boston Fed.  A digital currency could fundamentally change the way Americans use money, leading some financial firms to lobby the Fed and Congress to slow its creation — or at least ensure they’re not cut out.   Seeing the threat to their profits, the banks’ main trade group has told Congress a digital dollar isn’t needed, while payment companies like Visa Inc. and Mastercard Inc. are trying to work with central banks to make sure the new currencies can be used on their networks.  A U.S. digital dollar could also put the final nail in the coffin for Bitcoin as a means of exchange, Brito said. Crypto enthusiasts have already started to acknowledge that’s happening anyway, and instead tout the currency as a store of value or “digital gold.”

China may test its digital currency with foreign visitors at the 2022 Beijing Winter Olympics (4.18.21)

Federal Reserve’s Digital Dollar Push Worries Wall Street (3.22.21) Bloomberg

China Proposes Global Rules For Central Bank Digital Currencies (3.25.21) Reuters

Bitcoin Hits $60,000 in Record High (3.13.21)

India to Propose Cryptocurrency Ban, Penalizing Miners, Traders (3.21.21) Reuters

Billionaire hedge fund manager urges diversification out of the dollar (3.29.21) SMC


The new administration has spent more in its first hundred days than any other before it.  The Hill wrote, “No sooner did Biden sign the $1.9 trillion COVID relief bailout bill in March, than his administration proposed another $4 trillion of deficit spending for “infrastructure.” The Democrats are in a super rush to get this done.”  

A common misconception is that you can print your way out of a financial crisis, but every county that’s tried has failed.  Albert Einstein said “The definition of insanity is doing the same thing over and over again, but expecting different results,” and Winston Churchill said, “A nation that forgets its past has no future.”  However, the current administration doesn’t remember history, which shouldn’t surprise us, considering who is advancing this agenda.

Pelosi wants Biden infrastructure bill done by August (4.8.21)

White House Eyes Sweeping $3T Spending Proposal (3.22.21)

Some Clear Thinking on the Yesterday’s Massive Deficit Announcement (4.13.21) SMC

It Took 25 Years For Stocks To Recover Inflation Losses From the 1970s (3.14.21)) SMC

Gold & Silver

Gold, silver and precious metals have risen rapidly over the last year, and it is unlikely that trend will subside in 2021. has expressed concerns that, if the rapid rate of precious metal purchases continues, it could create shortages.  Simon Black also shared his thoughts on the rapid ascendancy of gold & silver saying, “It appears that the Federal Reserve has landed itself in this position.  In its efforts to boost the economy during the pandemic, the Fed slashed interest rates so much that the average 30-year mortgage rate for homebuyers reached an all-time low of 2.65% earlier this year.  Similarly, AAA-rated corporate bond yields reached record low 2.14% last summer.  The US government 10-year Treasury Note dropped to a record low 0.52%.  And the 28-day US government Treasury Bill rate actually turned negative for a brief period– something that has never happened before.  The effects of such cheap rates are obvious.”

LBMA acknowledges Buying Frenzy in Silver Market and silver shortage Fears (4.14.21)

Gold vs. the Stock Market (3.17.21) SMC

World Economies

Political leadership is changing globally, and in some cases, like the US and Germany, the new leadership is radically different than the old.  The leaders in three of the four largest export economies in the world Japan, Germany and the US, have changed or are about to change.  The WSJ wrote:

With Merkel retiring, surging Greens challenge German orthodoxy on debt and government spending.  A decade ago Germany’s intransigence over bailouts and borrowing prolonged the eurozone’s sovereign debt crisis, one reason the region’s economic recovery lagged behind the U.S.’s.  Another crisis, another lagging recovery for Europe, and again the size of fiscal stimulus is a factor. But Germany isn’t the obstacle it once was, and the rise of its Green Party could further push both country and continent toward the U.S. model of aggressive government stimulus.”

The WSJ also wrote that “Meeting President Biden’s goal of sharply reducing U.S. greenhouse-gas emissions by 2030 would require dramatically reshaping key sectors of the economy.  While U.S. industries are already transitioning to a lower-carbon future, Mr. Biden’s target would require companies in industries from energy to transportation to agriculture to greatly speed the pace of change.  Some segments of the economy appear to be ready. Others would face extraordinary challenges. All would face significant new costs—exactly how much is unknown—and it is unclear how much would be subsidized by government tax policies or incentives, since the Biden administration has yet to detail how it would seek to reach the aggressive new goal.” 

The current US administration is always short on details and their math leaves much to be desired.  Many nations of the world are worse off than the US however, like Zambia which just defaulted and may look to China to bail them out, the price of which will likely be their national sovereignty.

A Green Germany Could Pump Up Europe’s Fiscal Push (4.28.21)

After Default, Zambia’s Outsized Bet on Copper Could Play Into China’s Hands (4.27.21) WSJ

Biden’s Pledge to Slash Emissions Would Require Big U.S. Changes (4.23.21)

Japan’s Stock Market Finally Surpasses Its Level From 30+ Years Ago (2.15.21) SMC

Political Unrest – Especially in China

The world is still trying to find its footing in the aftermath of the restrictions and disruption caused by the CCP originated virus.  Just as with the virus they caused, the entire world is also reacting to an increasingly aggressive Chinese government that is threatening and intimidating others with economic and military actions, not to mention their severe and inhumane treatment of their citizens who profess faith in God and not the CCP.  The Epoch Times reported:

The UK and the West in general may be forced to capitulate “without a shot being fired” if they continue “ceding the strategic initiative” to rivals such as China and Russia, a senior British military commander has said.  “While we drained our strength in interventions like Iraq, others used the time and space to further their interests more strategically,” General Sir Patrick Sanders, commander of the UK’s Strategic Command, wrote in The Times of London on Saturday. … China has pursued a strategy of winning without fighting, changing the terms of the international order,” he said.”

Epoch Times also reported, “The Chinese regime is on its way to becoming a “near-peer competitor” for the United States and is the “unparalleled priority” for the country’s intelligence community, the U.S. Director of National Intelligence (DNI) said on April 14.”

China is threatening so many nations, individuals, companies, groups and organizations, that, rather than list them all, I’ve included links to articles below that you can read for yourself.  Other areas of political unrest are Iran, Chad, Egypt and Russia, however, it is becoming increasingly difficult to determine who the bad guys and good guys are in all of these situations.   France and other nations are beginning to deploy AI in their quest to monitor and identify those they see as aggressors within in their country, with the WSJ reporting, “The government of French President Emmanuel Macron aims to deploy algorithms and other technology to monitor the web-browsing of terror suspects amid growing tensions over a group of retired generals who recently warned the country was sliding toward a civil war.” 

France’s Macron Eyes Artificial Intelligence to Monitor Terrorism (4.29.21) WSJ

Strongman’s Death Spotlights Complexity of Africa’s Desert Wars (4.29.21)

U.S. Warship Fires Warning Shots in Encounter With Iranian Vessels (4.27.21) WSJ

Iranian Ships Swarmed U.S. Coast Guard Vessels in Persian Gulf, Navy Says (4.26.21) WSJ

West Faces Moment of Reckoning Over Chinese Tech Threat UK Intelligence Chief (4.23.21)

China Threat an Unparalleled Priority for US Intelligence Community (4.14.21)

Vladimir Putin Issued Stark Warning to US, NATO (4.21.21) Video 2.5 mins

Putin Warns West of Rapid & Harsh Response From Russia if it Crosses Red Lines (4.21.21) BBC News  (Video)

Beijing Accelerating Timeline for Possible Invasion of Taiwan, Expert Warns (4.4.21)

Communist China’s No. 1 Goal; India China Standoff Fall of Hong Kong (3.3.21) CPAC 2021

West Must Stop Ceding Strategic Initiative to China, Russia UK Commander (3.13.21)

US Military Official China and Russia May Be Collaborating South of US Border (3.17.21)

In closing, Simon Black wrote: “Last week I wrote to you about billionaire hedge fund manager Ray Dalio’s most recent advice for people to diversify their investments OUT of the US dollarDalio didn’t pull any punches when he laid out his analysis for America’s economic future.  He warned readers of the very real risk of stagflation (starting “late this year”) and tax increases that could be even “more shocking than expected”.  He also advised people to anticipate the possibility of capital controls and prohibitions against assets like gold and cryptocurrency.”

JP Morgan CEO Acknowledges Something has Gone Terribly Wrong in America (4.8.21) SMC

When the Lord Protector Turned Out to Be the Worst Tyrant of All (4.26.21) SMC