The Great Decoupling before the Great Reset
A move away from the Dollar is now clear and the Great Decoupling has begun
Jeffrey Tucker, a former editorial director of the American Institute for Economic Research talks with Kitco News on the Zombie Economy known as America in post Midterms America in November 2022. This video serves as a good recap of where we stand today post the Elections and also perhaps where we are headed in the future.
The Interest Rates have to rise much higher and that will test the upper limits of America’s economic resilience in such times. They have to rise higher than the rate of inflation in order to effectively bring it down. That is what Powell of the Federal Reserve has now committed this nation’s financial future on. Seen his track record?
We need to get real, we need to get interest rates in a positive territory in real terms, which is to say, he's got to get the federal funds rate above the inflation rate, which, depending on how you measure it.
I think the Fed prefers the PCE PCE ratio, which is a personal consumption expenditure, which is running about 6%, 40 year high. Right now, interest rates are approaching what 4%, something like that.
So we've got at least two or three more 75% basis points of upward movement, which will get us to the spring and summer, but they but they may have to be higher than that. And also that depends on the idea that the current rate of inflation stabilizes rather than gets worse, which we don't have any assurances of that either.
So I think I think the lesson coming out of Florida and Texas and Georgia and South Dakota and Oklahoma, was that we need political leaders that are able to connect people's existing economic sufferings with political failures of the past.
And that's, that was missing all over the country. It was present in the governor's races in those states I mentioned, but largely missing otherwise. And the reason for that is, of course, all the problems began under Republicans. So that's the great taboo topic.
As we noted yesterday, the voting system has no value left, because you are voting for the set same of crooks you selected last time, and when results are not in their favor the results are just adjusted on the spreadsheet and altered or adjusted as the Master Jesuit dictates how the Ritual Voting Casting must go.
You decide if the Blood Moon Magick Rituals of November 8th, 2022 were successful or not. Because the highest priority for Demoncrats in November 2022 was how to ensure the right to take unborn lives. It was their religion as we have covered before.
So where are we collectively all headed? We are moving towards a New Economy. With New Money and a New Set of Rules. A New Green Economy run by the new Green Communists. It was the Great Reset.
But before the the Great Reset came the Great Decoupling. A move away from the Dollar and therefore also the end of a Fossil Fuels based Economy priced in those very Dollars.
Algeria officially applied to join BRICS
Algeria has filed a formal application to join the BRICS – as noted by Leila Zerrougu, the Special Envoy for Major International Partnerships at the Algerian Ministry of Foreign Affairs and the National Community Abroad, RIA Novosti reports
Fossil Fuels can now be traded in any currency between consenting nations, thereby bypassing the Dollar and accelerating its demise in value and functionality.
Nations are leaving the warm embrace of America, after many years of being raped economically and moving on to safer grounds. That safety for nations like Algeria and Saudi Arabia lies with the alliance known as BRICS. What the new acronym will be with these new additions is unclear. In this scenario who was the Joker, Putin or not?
Well, we didn't expect and I gotta tell you that my entire life of researching and writing and you know, all these kinds of books, I think we never would have expected the markets could have been so severely broken as they were in 2020.
We just didn't really believe that it would be possible, that supply change, how will will all supply chains all over the world be shattered that we've been decoupling from from the main source of trade relationships that had been had been a main source for growth for the last several decades, that's been been shattered.
We've got the world broken up at all these trade zones the sanctions against Russia, taking place cutting off energy supplies to the US and to to Europe at the same time, you've got politicians, dreaming of a zero carbon world. So the President just let slip a couple of days ago that there'll be no more drilling.
I mean, you know, this is a world I never thought I would inhabit. So there's, there's a lot of crazy people out there willing to do a lot of very dangerous things. I mean, just think about the Joker and put them in a coat and tie and give him power. Right. That's what that's what we're looking at here.
The Great Decoupling has started from American $Dollar Hegemony and a clear movement is towards 2 Blocs of Power. One in the West, but also now one in the East lead by Russia and China. As this Great Decoupling unfolds over the next 5 to 10 years there is also a clear move towards CBDCs. See previous posts.
When your Money itself changes then that affects anyone still carrying the USD Dollar in their accounts or trading in that denomination. It means your Pensions and your Bank Accounts will be converted without choice if you still wish to retain some of their value. But what will be the new money it will be in the start the same Dollar.
But a Dollar that slowly starts to lose value, and then if Hyperinflation hits, if the BRICS drop the Dollar as the only payment denomination then the Dollar decline greatly accelerates downwards and you have obviously less Dollar purchasing power.
… If we can get out of the present situation with, you know, a solid four years of, of, of very low growth or negative growth without a financial crisis at this point, I think we would be very lucky. So far, we've avoided that financial crisis.
So if that starts happening, and there are a number of triggers that could cause that, then it could be a real mess. And and one of the things I've learned over the last 31 months is, you should be prepared to expect something that's far worse than you ever imagined. I mean, that that is the lesson I think of the that we've learned over the last 31 months.
How long before the complete collapse of value in the Dollar, that is still unknown, but the trend is clear. The Great Decoupling sees the Dollar decline is value, until at some point it will have to replaced with a currency a new Dollar, a new type of payment system, a new form of settlement called some type of New Digital Dollar or CBDC by joint Federal Reserve and Treasury direct action.
We never expected in New York would introduce vast segregation and and you're going to deliberately set out to bankrupt Broadway. So there's a lot of a lot of malevolent forces at work in the world. And also, we didn't expect that the Fed would acquiesce to get $10 trillion dollars in congressional spending just overnight, because because of a pandemic.
You know, I mean, there's been a lot of very strange things happening, a lot of breakages we never expected to happen have happened. So we've never really been here before. The other thing that I do think is extremely interesting, despite what it looked like, on the uneventful in the end Tuesday.
There is a lot of discontent in this country, a lot of political discontent, not just division, but real loss of trust in the elites, and that is something my friend that we have never experienced in a in a modern industrialized democracy, this sort of mass loss of trust. We've seen it in other places and other times under different systems of government.
Some wise words from Jeffrey Tucker on Bitcoin and Technology in closing. Don’t blame the Technology solely, blame the abusers of the Technology also. The Bugs in the Code can be fixed, but the Bugs in Politics and Banking somehow persist.
We don't know, just because something is a beautiful technology. And just because something works doesn't necessarily bake into it, you know, a kind of a linear path of unrelenting success.
Bitcoin is still here and still solid as the core technology has never been hacked even after the FTX disaster by the usual suspects.
Ironically as we have said before the Central Bankers are adopting the core blockchain technology, while bad mouthing it and threatening to regulate the Crypto Market. If they had regulated the market perhaps they could have prevented these Fraudsters from continuing in their operations for years.
The Flaw is not all on the Tech side the flaw it is mainly on the user side, the usual scam artists side again misusing the Tech for their own sinister agenda and motives. The core blockchain Tech works and it is still one of best ways out of the Banksters grips, that is one reason they hate it so much. The Crypto Regulation Wars are here.
Endure till the End and take Care of Yourself. Remember on planes they always tell you put the mask on first, before helping others. Therefore, Take Care of Yourself First and then do what is in your control, and then leave the rest to the universe to solve.
We are 100 Percent Independent and Supported by Readers and Viewers like YOU! Digital Hugs appreciated and Subscribers are even more deeply appreciated.
Until we meet again.
For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.
Ephesians 6:12
- Corona Times News
FAIR USE NOTICE
The views expressed by guests, subjects and speakers are their own and their appearance on this website does not imply if any way an endorsement of them or any entity they represent. Views and opinions expressed by the speakers do not necessarily reflect the views of Corona Times News.
DISCLAIMER
The content provided on The Corona Times News is for general information and entertainment purposes only. No information, materials, services, and other content provided in this post constitutes solicitation, recommendation, endorsement or any financial, investment, medical, health, educational, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decisions. Always perform your own due diligence. And don't forget to have a wonderful day.