Tag: economics
MAINE — Go Woke, Go Broke
Central banks are the single greatest control mechanism of human behavior
I am reposting this so it can get more views. I had time last night and this morning to watch the entire video. It’s well-worth the time as it will provide a very convincing way of understanding global and national economics, war and geopolitics. ABN
UPDATE: Central banks are the single greatest control mechanism of human behavior. Their power extends well beyond their relations with other banks. It determines a lot of what happens in your country. And they are not under the control of voters. So its an extrademocratic institution which happens to be the most powerful [~2:04].
The above is Carlson’s paraphrase of a major point made by Werner, who then continues by saying, ‘the founding of the bank of England, which is a private company, a central bank, was done in order to wage war. Central banking and warfare are very closely linked’.
The US Federal Reserve is no different; it is also a central bank and was founded at roughly the same time as the Bank of England in order to prepare for WW1.
Moreover, both countries established the income tax at this time. The income tax ‘allows’ government to borrow money from the central banks.
Werner presents the strongest and clearest argument I have heard that central banks start wars and profit from them; and that central banks cause asset bubbles (e.g. real estate, equities) in order to bust small banks and consolidate power.
You can jump to the ~2:04 time stamp to hear this, and if that’s all the time you have, definitely do it.
Best is to listen to the entire interview as Werner provides a great deal of important background with many other insights into money, banking, credit and how to do all of that much better than allow a central bank to have secretive, authoritative control over your country. ABN
Trump steamrolls Europe — Peter St Onge of EU trade deal
Richard Werner Exposes the Evils of the Fed & the Link Between Banking, War, and the CIA
UPDATE: Central banks are the single greatest control mechanism of human behavior. Their power extends well beyond their relations with other banks. It determines a lot of what happens in your country. And they are not under the control of voters. So its an extrademocratic institution which happens to be the most powerful [~2:04].
The above is Carlson’s paraphrase of a major point made by Werner, who then continues by saying, ‘the founding of the bank of England, which is a private company, a central bank, was done in order to wage war. Central banking and warfare are very closely linked’.
The US Federal Reserve is no different; it is also a central bank and was founded at roughly the same time as the Bank of England in order to prepare for WW1.
Moreover, both countries established the income tax at this time. The income tax ‘allows’ government to borrow money from the central banks.
Werner presents the strongest and clearest argument I have heard that central banks start wars and profit from them; and that central banks cause asset bubbles (e.g. real estate, equities) in order to bust small banks and consolidate power.
You can jump to the ~2:04 time stamp to hear this, and if that’s all the time you have, definitely do it.
Best is to listen to the entire interview as Werner provides a great deal of important background with many other insights into money, banking, credit and how to do all of that much better than allow a central bank to have secretive, authoritative control over your country. ABN
Tom Luongo’s analysis of EU trade deal with USA
The insane level of cope since Sunday’s EU Trade deal announcement has been hilarious to watch… from the US haters who believed their own bullshit about American weakness as well as from the Europhiles who somehow really did think the US needs the EU to prosper.
It seems the counter narrative that has been hastily ginned up is, “This will never pass the EU Parliament…so it’s all bullshit from Trump,” however is the absolute worst.
Because, let’s think this through shall we…
1) Von der Satan just barely passed a vote of No Confidence earlier in the month. She’s already damaged goods.
2) Trump has the goods on EU and UK malfeasance involving the 2016, 2020 and 2022 US elections, and he sent @DNIGabbard over to London before dropping the bombs on them. What was presented is likely a lot bigger than just rigging our elections, think Pfizer shots, biolabs, NGO money laundering in Ukraine and more.
3) If the EU parliament goes against Von der Fuhrer over this deal, then that weakens the EU even further as countries who can get a better deal from Trump individually will do so.
4) Parliament will be a mess as an aftershock. Old coalitions held together through blackmail, arm-twisting, threats to withhold funding, etc. will splinter.
5) Chaos in Brussels will be met with across the board selling of EU debt as the only hope the market has right now is the promise of them spending “trillions” on defense. This is why the DAX is up 21% in 2025, and trading at near all-time-highs both in nominal and valuation terms (P/E ~19).
For these reasons (and more), the whole talking point about parliament is a non-starter. None of the feckless Eurocrats who hold marginal power in that chamber will do anything other than froth at the mouth like @guyverhofstadt.
But, they will always, in the end, vote for more of what got them here.
Now, if you want to talk why this deal may have a silver lining for the EU, it would be this… that Trump used their desperation for 1) a deal, 2) his support for their insane war in Ukraine and 3) to collapse their economy to consolidate power in Brussels to get everything he wanted…
He can then do what he did today, issue a stronger message to Russia to end the conflict on less than perfect terms for them while he guts their biggest threat (the EU) through reversing the capital flow back to the US.
There may still have to be a NATO attempt in Ukraine which will be bloody for everyone if it happens. But it may be the only way for the people in Europe to be shocked out of their complacency.
First Trump crushes their EU leadership, then add in a couple hundred thousand dead in Ukraine… that’ll leave a mark politically.
Why Trump is slow-walking trade deal with Canada
The reality of the U.S-Canada economic relationship and the position of President Donald Trump is not that difficult to understand if you take all the disparate datapoints and quotes from Trump and put them into context.
During a White House meeting with Mark Carney, President Trump essentially told the Canadian Prime Minister why he was in no hurry to get to a deal with Canada.
The 35% tariffs on non-USMCA goods are going to trigger on August 1st, because the main priority of Trump -looking toward Canada- is to dissolve the USMCA.
During the May 6th oval office meeting with Carney, President Trump was discussing the USMCA and said: ” “as you know it terminates fairly shortly. It gets renegotiated fairly shortly.” … “This was a transitional deal, and we’ll see what happens, we’re going to start renegotiating that” … “I don’t know if it serves a purpose anymore.” …. “And the biggest purpose it served was, we got rid of NAFTA.”
To understand why President Trump wants to dissolve the USMCA {SEE HERE}. To understand the technical value of dissolving the USMCA {SEE HERE}. It’s not a complicated economic analysis; it’s common sense.
Currently, approximately 60% of the traded goods and services between the U.S. and Canada are covered by the USMCA, the remaining 40% will be hit by tariffs on August 1st at a 35% rate.
When the USMCA is renegotiated, predictably dissolved in favor of two bilateral trade agreements – one for Mexico and one for Canada, all of the U.S-Canada trade sectors will be part of the enlarged free trade negotiation. As a result, there is absolutely no motive to engage in trade discussions now.
‘I think that immigration is now bigger than ever before’ — Trump in Scotland speaks on immigration in UK, Europe and USA
Trump starts with his general philosophy of political leadership and moves the discussion to focus on immigration in USA, UK and Europe as a whole.
It’s an interesting segment in a long Q&A.
Feels like Trump has staked out a turning point for all Western nations and regions.
I hope he keeps speaking like this.
Video prompted to start at the beginning of this topic. ABN
BREAKING: Trump reaches MAJOR trade deal with EU
This is a huge win for USA. It stabilizes trade while also essentially ending the Marshall Plan, which allowed Europe to profit enormously from trade with USA. ABN
‘We need US technology companies to be all in for America’ — Trump
Lutnick on Japan trade deal, EU potential for mutual open markets, and China trade nuances
Informative overview, worth watching. ABN
Food security is national security
As robots replace workers, skilled human farmers, properly incentivized by government policy, will be able to produce first-rate organic, high quality food that is much better than what we get today in the supermarket.
Small farms may also use robots but but if small farming is encouraged, local economies will benefit greatly as farmers are rewarded for quality, freshness, and toxin-free produce.
If our food chain is changed in this way, many more people will see small farms as an healthy economic opportunity and all consumers will benefit from better produce. ABN
America’s top banker reveals Wall Street’s hottest new trend that could spell financial doom – as he goes all in
On the same day Dimon raised the alarm with clients about the risks, JPMorgan released a statement confirming it was increasing its ‘direct lending commitment to $50 billion.’
‘This strategic move is designed to extend the firm’s direct lending capabilities and provide tailored private credit solutions to meet the evolving needs of clients,’ the firm said.
Under the new plan, corporate clients have the option to either take on a traditional loan or a private lending option, which could grant them access to more cash but see them saddled with a higher interest rate.
‘Since 2021, J.P. Morgan has successfully deployed over $10 billion across more than 100 private credit transactions, serving both corporate and sponsor clients,’ JPMorgan said in a February statement.
‘This latest commitment underscores the bank’s dedication to being a leader in both the broadly syndicated and private credit markets.’
JPMorgan holds onto private loans and collects interest until it matures.
Top employer in each state 1990 vs 2024
American Buddhist Net 