by John W. Whitehead and Nisha Whitehead
The Rutherford Institute
“We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.” – Herbert Hoover
We’re not living the American dream. We’re living a financial nightmare.
The U.S. government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones who will be forced to foot the bill for the government’s fiscal insanity.
We’ve been sold a bill of goods by politicians promising to pay down the national debt, jumpstart the economy, rebuild our infrastructure, secure our borders, ensure our security, and make us all healthy, wealthy and happy.
None of that has come to pass, and yet we’ve still been loaded down with debt not of our own making.
Gerald Celente, a renowned trends researcher and publisher of “The Trends Journal,” is back to talk about two of the biggest trends taking shape for 2021. One revolves around Covid-19 (CV-19) and the experimental so-called vaccine, otherwise known as the “jab.” The other is a rebounding economy destined to crash. First, the CV-19 jab, as Celente explains, “There are going to be new political movements: anti-tax, anti-vax, anti-immigration and anti-establishment. We are going to see a big anti-vax movement. To make the point on how they are going to be selling this . . . They are selling it now that there is going to be a new strain of CV-19, and you better prepare for it. It’s going to happen every year, and you are going to have to get vaccinated. So, we are going to start seeing a big anti-vax movement.”
“Makes you wonder if there’s a potential mid-QE-life crisis taking shape in Ottawa”: strategists at the National Bank of Canada in a note that would be hilarious if it weren’t so serious.
California Gov. Gavin Newsom (D) today promised a tantalizing, if conditional, end to his scheme of pandemic restrictions on businesses and social activities. Come June 15, the state’s economy will be allowed to completely reopen, provided that there are enough vaccines for everyone over 16 who wants them, and COVID-19 hospitalization rates stay stable and low.
Why are those of us who have had our COVID vaccines still wearing masks? We are protected from the virus and cannot carry the virus despite being admonished otherwise. Is it because Maoism is still shaping our world? While the West mistakenly believed that China would become more like us after embracing Capitalism, the West is becoming more like China; Maoism and Chinese communism are spreading like a prairie fire.
Last Monday, in a single six-hour period, NATO launched 10 air intercepts to shadow six separate groups of Russian bombers and fighters over the Arctic, North Atlantic, North Sea, Black Sea and Baltic Sea.
The head of the country’s second-largest teachers’ union took some heat on social media for flying to in-person meetings as many students are still homebound and learning remotely.
Two weeks ago in this space, we brought to your attention a looming and growing problem within the fractional reserve bullion industry. The situation has seemingly gotten more dire in the past few days, so we thought we should write about it again today.
Scientists have begun using the term “megadrought” to describe the multi-year drought that has been plaguing the western half of the country, and now we are being told that it looks like 2021 will be the worst year of this “megadrought” so far by a wide margin. That is extremely troubling news, because major water reservoirs have already dropped to dangerously low levels, some farmers have been told that they will not be allowed to use any water at all this year, and the dust storms in the western U.S. are becoming so large that they can actually be seen from space. This is a major national crisis, and it is only going to get worse.
In an interview with National Public Radio’s “Morning Edition” program on Thursday, March 25, 2021, Fed chair Jerome Powell said that even with the economy rebounding faster than expected, any change in monetary policy would happen “very, very gradually over time and with great transparency. Rate increases would only be considered when the economy is all but fully recovered.” Powell also said that “as we make substantial further progress towards our goals we will gradually roll back, the $120 billion monthly bond purchases.”
The Arkansas Legislature voted Tuesday afternoon to ban minors from receiving gender reassignment services from medical providers, including hormone treatments and puberty blockers, overriding the GOP governor’s veto of the proposal the day before.
The “60 Minutes” segment on Republican Gov. Ron DeSantis regarding vaccine distribution quickly unraveled, but inadvertently brought Democratic California Gov. Gavin Newsom into the spotlight.