HMG Fall Statement! – Churches Speak - BoJo Saga – Global Warming? – Depression II? – NHS Data – WW3? – CPI v PPI – Living on 2kVA/day - Letter from Great Britain [11-19-22]
"If I don't know - I can't act" – Knowledge of The Word is Spiritual Power
STOP PRESS: Here is the initial reaction to HMG's Thursday 'Autumn Statement' – in 3 words: "The Squeezed Middle". Spending watchdog and the OBR say Britain is in recession and unemployment will rise by 500,000. Here's an overview of how it will affect you: https://www.theguardian.com/uk-news/2022/nov/18/autumn-statement-2022-what-it-means-for-you
THE TOP DOWN: The HMG Statement was driven (and designed), of course, by the banksters allowing the financial markets to stabilise – breathe a sigh of relief - and get back to robbing the 'Doers and Producers'; UK Natural Gas is back to falling a bit. But UK Inflation at 11.1% pa continues to rise; HMG 10 Yr Gilts fall to a low of 3.2% which is good for HMG funding and 'Investors'; GBP (cable) v USD is almost 1.19:$ rising again and good for moderating inflation on imports and nice FX speculation. These data gave the Chancellor some fiscal room on Thursday to launch his "Medium Term Fiscal Plan (HMG's 5year plan), MTFP
The details are complex – and thus I propose to write a SPECIAL article next Thursday when the dust has settled and the hidden provisions are unveiled. There are two 'books' to look at: The OBR 'Green Book' of forecasts and HMG's 'Blue Book' of their own projections.
There is a lot to unpack but you can be sure there will be limited impact over the next two years going into the 2024 general election – a neat strategy; leaving Labour to pick up the pieces and tying their fiscal hands if they win a majority! It's all too bloody obvious if you know where to look – golden rule: "Follow the money!"
BREAKING NEWS: With all the MSM being focused on HMG's 'MTFP' – lots of news has been buried which is the very time that the 'Blob' releases their bad news as follows!
THE CHURCHES SPEAK OUT AGAINST THE GLOBALISTS: For those of faith this is an early warning from a Bishop of repute: https://odysee.com/@TruthUnchained:5/Christus-Rex-30-10-22-1:b
In harmony with Jesus’ words at: Matthew 13:25,38 concerning the wheat and the weeds, Paul’s warnings at Acts 20:29 and, 2 Thessalonians 2:3,7 regarding the coming apostasy, and Peter’s statement at: 2 Peter 2:1-3; John, the last surviving apostle, could well say: “Young children, it is the last hour, and, just as you have heard that Antichrist is coming, even now there have come to be many Antichrists; from which fact we gain the knowledge that it is the last hour.”
AND here's more of the usual 'Blob' obfuscation: BoJo is in 'THE LINE-OF-FIRE': as HMG stalls on providing crucial PartyGate data. Exclusive: "MPs investigating Boris Johnson’s lockdown rule-breaking have been waiting more than three months for some evidence": Partygate-inquiry-delays-blamed-on-government-foot-dragging
The Telegraph reported that the committee, looking into whether the outgoing PM misled the Commons over illegal lockdown parties in Downing Street, has been told that it only needs to prove that Johnson “misled” the House, rather than that he “deliberately” did so.
This lower threshold makes it much easier for the MPs on the privileges committee, which is chaired by Labour MP Harriet Harman, to find Johnson guilty and suspend him from the Commons. The committee intends to call Johnson to give oral evidence in public in the autumn, under oath. When asked whether the PM would co-operate with the inquiry, his official spokesperson said: “We have said we will assist the committee in their work.”
Well it's the 'autumn already' and nearly early winter, so what gives? It's the HMG classic 'protection racket'; they are stalling as usual and hoping it will go away. But with 'Hungry Harman' in the chair it could be going ahead – sometime I guess. Full details: https://www.theweek.co.uk/news/uk-news/957440/why-partygate-could-lead-to-a-boris-johnson-by-election
THOUGHT FOR THE WEEK: Is the notion of climate change real? Well, earth's climate has been changing for as long as the planet has been around, so nothing new here. But is mankind wholly responsible for this climate change? That's a pretty arrogant question in my view. Do we really believe that humans are omnipotent – like Gods – so much so that their arrogant 'scientists' can claim to know everything there is to know about one of the most highly complex adaptive systems on earth? Here are the real statistics in 12 minutes:
Good God! They can't even get a weather forecast right, over merely a week, even with all their super computers and monitoring buoys. Why should I believe their prognostications now? The problem is our innocent and naïve youth, who have no idea what these complex hypothesises entail, get fearful and angry their future is in jeopardy and revert to testosterone-driven bizarre behaviours that require the adults in the room should discipline them as you would a petulant 2-year old: https://wattsupwiththat.com/2022/11/05/how-ipccs-1990-predictions-expensively-failed/ :
Here's 5 minutes of pathetic public disruption at the start but watch on and see who is actually behind these protests – I wonder what Mark Carney is doing these days when he is not working for our 'Bond Villain' - Herr Oberst-Gruppenführer Klaus Schwab?
JUST to nail the point: "Modern doom-sayers have been predicting climate and environmental disaster since the 1960s. They continue to do so today. None of the apocalyptic predictions with due dates as of today have come true. What follows is a collection of 50 notably wild predictions from people in government and science. Read on for a laugh: https://www.aei.org/carpe-diem/50-years-of-failed-doomsday-eco-pocalyptic-predictions-the-so-called-experts-are-0-50/
SO WHAT'S REALLY GOING ON? The story is as old as man himself. Simply put, we know that the global banking cartel rule the world through their total control over the privilege to create money, at interest, out of thin air. It's really just about market- making and last week we saw this in spades when the crypto world collapsed into chaos and the leading guru, admitted that it was all a Ponzi scheme.
The Rothschild Formula is nothing more than market-making. They are making markets on a global scale; these are markets that create war; markets that create chaos; markets devoid of peace. Because one takes no allegiance; funding both sides to create demand that drives a liquidity crunch such that capital centralises itself back into their hands; into the hands of the cartel.
After much gathering, it’s my opinion that at the top, sits the Rothschild Formula being pushed out to the world by policies and practices set by the Bank For International Settlements (BIS).
Policy is then carried out by the IMF, World Bank, and World Economic Forum (WEF) et al. Those orders are passed to the Federal Reserve whose NYFRB desk executes the orders into the markets causing all other global central banks to react, either in unison or against the grain. It all depends on their individual tolerance for their people’s pain.
That’s what we’ve seen throughout man’s monetary history. The last few years are no different. Geopolitical clashes have formed and are spilling over into financial markets at the same time as a new financial system and rails are being constructed. The battle is on many fronts, both political and financial.
New rules are being set; rules that bring success and give power because that’s what liquidity crises do. They shuffle the deckchairs, consolidate power and centralise control into the hands of a few. Control the money, control the people. Break the money, break the people. Fix the money - fix the world.
This excellent article by Kane McGukin, who publishes The Mesh Point Substack expands on the foregoing and makes clear the how and the why our failing global financial system is almost certainly going to end in a prolonged economic depression following the pattern of the 1930s – merely 100 years ago.
THERE ARE DARK HAPPENINGS AT THE NHS: The NHS is the world’s seventh largest employer. And it is home to one of the richest repositories of patient data on the planet. “One of the great requirements for health tech is a single health database,” Damindu Jayaweera, head of technology research at UK investment bank 'Peel Hunt' told Investors’ Chronicle: “There are only two places as far as I know that digitise the data of the whole population from birth to death… China and the UK.”
A Dark company was named after the “seeing stones” used in 'The Lord of the Rings', 'Palantir' by name, was set up in 2003 with seed money from the CIA’s venture capital arm, In-Q-Tel (IQT). It is one of the darkest companies in the tech sphere. While it is making significant inroads in the corporate world, its main line of business is to provide data-mining technology to support US military operations, mass surveillance, and predictive policing. Its technology is also used by ICE to identify illegal migrants before detaining and deporting them. The move was taken as a tentative sign that the UK government may finally be pivoting away from using Palantir’s services, at least in the healthcare sector. That is clearly not the case.
But even if HMG had made that pivot, Palantir had a back-up plan in place, as Bloomberg reported in late September. That plan was laid out by Palantir’s regional head, Louis Mosley, in a Sept 24 email entitled “Buying our way in…!”, and it essentially involved “hoovering up” small businesses serving the NHS to “take a lot of ground and take down a lot of political resistance.” https://www.nakedcapitalism.com/2022/11/nhs-hires-cia-linked-spy-tech-firm-palantir-to-extract-patient-data-without-patient-consent.html
ARE WE RISKING WW3? With China testing the waters in the Pacific, and Russia's invasion of Ukraine, it's safe to say it won't be long before the United States finds itself involved in some kind of conflict marking a new World War 3 between major world powers What's America's plan to be on the winning side? Check out today's epic new video to find out. Watch for 15 mins:
Also direct from my contact in China this week: "First step towards total end of Covid restrictions in Shijiazhuang 石家莊 city, capital of HeBei province, with11.23 million population, is the first city ending all Covid restrictions; just an experiment, one month later, spread across China according to its performance. Also known as the first city of PRC; it was liberated by the PLA on 1947.11.12 - the first major Chinese city to enter the new government's control."
INFLATION WATCH: At least we can thank Liz for something good she did! The UK’s annual inflation rate (CPI) has risen to 11.1% in October, after millions of households were hit by higher energy bills. Gas and electricity prices made the largest upward contribution to inflation despite the government’s energy price guarantee. Without Liz Truss’ price cap, annual UK inflation would have soared to 13.8%. Inflation is up from 10.1% in September, as the cost of living crisis escalates, and further above the Bank of England’s joke –of-a 2% target. Rising food prices also made a large upward contribution to inflation according to the Office for National Statistics (ONS).
Without the 'Energy Price Guarantee' (EPG), electricity, gas and other fuels prices would have risen by nearly 75% between September and October 2022 (instead of 25%). The effect is to freeze tariffs at £2,500pa based on average consumption although there is no limit on how high bills can go; without this, Ofgem would have lifted the price cap to an average of £3,549, up from £1,971 set in March 2022.
BUT the CPI (Consumer Price Index) is only the 'front end' of the inflation train – the PPI (Producer Price Index) is a much better indicator of inflation coming down the track. This is never mentioned by the MSM for obvious reasons – it's scary: Check out this graph: https://tradingeconomics.com/united-kingdom/producer-prices and draw your own conclusions.
The difference exists because the indexes are intended to show different aspects of economic activity. PPI is often used to calculate real growth by adjusting inflated revenue sources, and CPI is often applied to calculate changes in the cost of living by adjusting revenue and expense sources. This is why it is so important to analyse your energy consumption and optimise at an acceptably lower level. I shall be publishing my own findings next month.
SURVIVAL MONITOR: As you may know, I am a great fan of Charles Hugh Smith (CHS), having followed him for years. We are on the same page as far as understanding systems and economic cycles which are part of the massive transformation we are experiencing today. His ability to understand and predict macroeconomic events is quite remarkable and his description of the current collapse proves it in spades. He wrote this in 2011 and pinpointed 2020-2022 for the critical time - this is an extract:
"Here's where we are in a nutshell. Borrowing money creates a virtuous cycle when money is cheap and easy to borrow, as the money flows into consumption and investments which feed that consumption.
Eventually, however, organic demand (that is, people actually needing things and services) is met. But as Marx noted, everyone and his brother/sister ramped up production to meet the seemingly limitless demand, so now there is massive capacity/overproduction.
Oops! It turns out the market isn't very good at assessing "steady state" levels of debt, consumption, production or speculation. So everyone over-borrowed and over-speculated in both productive capacity and unproductive financial gambling.
Two bad things happen in this financial overshoot. One is that all that debt must be serviced, i.e. the interest and some modest attempt to pay down principal must be paid. In the virtuous upcycle, rising profits and asset prices make borrowing more to pay the seemingly trivial interest easy--no burden at all.
But once the overcapacity, over-leveraged, over-indebted cycle breaks, then assets and profits both plummet, leaving the borrowers unable to leverage more debt to pay the interest on their current debt. As income streams and assets both decline, the interest suddenly gains the force of gravity: what was once lighter than air is leaden and increasingly burdensome.
The Grand Partnership of the Central State and the Financial Plutocracy (parasitic global cartel Capitalism writ large) have suppressed this natural implosion of speculative debt by printing and distributing trillions of dollars in "free" money. Read the full article and key charts": https://www.businessinsider.com/beyond-the-false-dawn-global-crisis-2020-2022-2011-2?r=US&IR=T Remember this was written in 2011!
If we can understand what is really happening as our former world of relative stability declines into chaos, so we can prepare for the transmogrification to a 'New Normal' once the dust has settled and our energy needs per capita of the current 11,000 Watts/day, falls fast to 2,000 Watts/day (yes really – read the full article).
After almost a decade of turmoil and suffering, my own guess is, the change will occur sometime around 2030, just as the billionaire elites have forecast because they have privileged data and key information to which the Herd has no access.
Follow the development of my book Part 2 as I write my Protect & Survive guide for this decade about how to live with an energy constraint of 2,000 Watts/day. I can do this by living on my boat – what is your Plan B?
THE NARRATIVE BATTLE: Following on, further thoughts about the Climate Change Scam continue apace whilst the data proves otherwise. "The business-as-usual scenario, therefore, is the scenario on which the predictions in IPCC (1990) should be judged. On that basis, IPCC’s predictions have indeed proven to be childishly absurd exaggerations. The 0.14 C°/decade real-world warming rate since 1990 is less than half IPCC’s 0.3 C°/decade first midrange medium-term prediction and little more than 40% of its 0.34 C°/decade second midrange prediction.
The true decadal warming rate over the past one-third of a century has been so low that it is well below the 0.2 C°/decade lower bound of IPCC’s medium-term prediction. It follows that – to date, at any rate – global warming is not any kind of “crisis” or “emergency”
This matters because global climate policy is based, not on the unexciting observed reality which is that in the real world global warming is slow, small, harmless and net-beneficial, but on IPCC’s and the models’ wildly exaggerated predictions, which have not been cut back to bring them into some sort of conformity with mere reality": Think Imperial College and Neil Fergusson: https://wattsupwiththat.com/2022/11/05/how-ipccs-1990-predictions-expensively-failed/
FINALLY: The 'World Cup' football extravaganza starts tomorrow but I won't be watching for personal reasons, not least of which is that I do not engage in Bread & Circuses" and my time is limited anyway. However it is noteworthy that Qatar has banned alcohol and queers according to their own culture, thus I believe that when in Rome do as Rome does. Nuff said.
UNTIL NEXT WEEK:
For more, read: “The Financial Jigsaw”: Scroll: https://www.researchgate.net/publication/358117070_THE_FINANCIAL_JIGSAW_-_PART_1_-_4th_Edition_2020 including regular updates. For a free PDF copy e-Books, Parts 1 & 2, email; peter@underco.co.uk
AUSTRIAN'S NEWSLETTER ARCHIVE: https://www.theburningplatform.com/author/austrian-peter/
COVID & FINANCE LINKS: [I will not be commenting specifically on Covid in future because my colleague covers daily updates at his websites]: SPREAD THE WORD: YOUR DAILY COVID NEWS (cmnnews.org)
BOOM Finance & Economics (boomfinanceandeconomics.com)
BOOM Finance and Economics | Designed for Critical Thinkers — UPDATED WEEKLY (wordpress.com)
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Thanks for the climate YouTube although old, still useful as we see the fools protesting. We shall soon see we can't afford bad policy anymore. I just don't know what happens when the debt load causes so many failures. Those holding unpayable debt will be badly hurt. There are a lot of SBF's to fall, taking a lot of paper along with them. Real assets still matter as the Chinese are wise to observe as they themselves fall prey to reality. Are they able to exploit their gains in the 3rd world? Can the Chinese wage war of Africans?