Goldtent TA Paradise

LUONGO : MORE DOOM AND GLOOM

1. Fullgoldcrown says:

   October 17, 2022 - 10:48 am at 10:48 am

   Martin Armstrong is correct. Charles will be the last king of England. He, like Joe Biden, wasted no time in ensuring that outcome. Charles is as much a vandal as “Biden” and got right to business kneecapping new Prime Minister Liz Truss and staging a coup for Davos and Brussels.

   Read the Daniel Lacalle article I linked. He lays it out in broad terms even most laymen can understand. A decade of cheap money created a class of investments (LDIs) which created yield out of using leverage against sovereign debt and other assets blown up in value thanks to that cheap money.

   Now money isn’t cheap and the cycle reverses. I say to y’all all the time, what leverage giveth on the way up taketh away twice as fast on the way down.

   That’s what happened to the UK pension funds.

   But, it’s deeper than that Lacalle is also right that Truss and Kwarteng misread the room. It wasn’t that another round of Keynesian tax cuts+spending wouldn’t work, it would have, at least long enough to stabilize Truss’ government and ensure she could begin turning the UK ship around.

   Note her whole budget and government was based on a very not-Davos agenda.

   That was the unacceptable part.

   There was nothing in that budget or tax plan that would have sparked the revolt we got from capital markets unless someone was gunning for it to make it happen. This was pure Economic Hitman stuff straight out of John Perkins book.

   Now, is there proof? No. This is all me reading the tea leaves and the circumstantial evidence as well as the outcomes.

   What was the outcome. Get rid of Kwarteng, weaken Truss the ambitious one wanting to stay in power. She obliges, and Jeremy Hunt becomes Chancellor of the Exchequer. His proposal?

   Tax increases and spending cuts. Straight out of the IMF playbook. It’s what I call “German Austerity” and it ensures that the country that adopts is is fucked economically for the next generation.

   Nowhere where this plan has ever been implemented has ever turned around without concomitant IMF support and a change in government to Davos’ liking.

   You never hear these Davos trolls ever say anything else than raise taxes and cut spending. Balance the budget. Sustainability.

   But that only works if the State is the source of all economic prosperity. This, of course, is patently and observably false. This is why we have to blame capitalism for everything.

   So, tax cuts? They are always for the rich. But, the rich are the only ones that pay income taxes. Raise corporate taxes? That’s dumb, it ensures prices passed down to the consumer.

   Over and over again, the Marxist imprinting from decades of indoctrination that profit equals exploitation and that the entire private sector is nothing more than a giant genetic fallacy generator (everyone who is talking must be talking for their advantage and are therefore wrong!) shapes public policy.

   Charles is clearly working multiple levers here since the Crown, while having no overt political power but it does in reality, controls vast wealth. And that wealth can be deployed to move markets at a whim.

   Please let’s not be under any illusions about this.

   Now whether or not the Crown suffers a terminal wound here is up for debate. I think it does as the British people will not stand idly by and be served up as cannon fodder again to Germans for its imperial designs.

   What comes after that is anyone’s guess.

   What you have to realize however, is that what just happened to Truss is what is going to happen to Giorgia Meloni in Italy. It will be the same playbook. Meloni will try for a budget and fiscal plan that addresses near-term concerns (paying for high energy costs) while setting the stage for Italy opening up its economy and securing its energy future.

   This is what Truss attempted to do and the response was vicious.

   Meloni will try the same thing and expect the Bank of Italy to pull the same stunt, threatening Italian pensions with extinction to force the government to back off. And once they get Meloni to back down, wound her politically in Rome to the point where they break the center-right coalition before it even gets settled.

   Then Italy gets another ‘technocratic’ government in the name of stability.

   That’s what’s on the whiteboard folks. They just gave you the game plan.

   These people are smart and ruthless, but they aren’t very clever.

   So, for Meloni to not suffer the same fate as Truss she needs to slow her roll and let things play out in Germany or France. She needs to let the Fed keep tightening the screws on Europe and let things break before she makes any big moves.

   She will be in a “damned if…” scenario no matter what she does. Because they will attack her as a fake populist and a WEF-adjacent troll if she goes slow and a dangerous radical fascist if she pushes too hard.

   This is the way this works people.

   And more than ever what this is telling me, now knowing what I know thanks to Ms. Booth, that a financial false flag to force the Fed to pivot is just around the corner.

   It’s their only big play to trick us into letting them stay in power

   • Spock says:

     October 17, 2022 - 11:06 am at 11:06 am

     The last King of the once proud British Empire.

     His father said on his death bed that he would like to come back as a virus, and kill humanity.

     I knew then that this family is pure evil.