Learn More About Steve Bannon Today At: https://rumble.com/c/BannonsWarRoom
Watch the original February 2nd 2022 video HERE: https://www.youtube.com/watch?v=-GXvV6Pybns
WATCH for FREE: Watch the ReAwaken America Tour Documentary for FREE Today At: https://store.thrivetimeshow.com/
Who is the man leading "The Great Reset" agenda?
Yuval Noah Harari - Learn More: https://timetofreeamerica.com/who-is-the-man-leading-the-covid-19-great-reset-agenda
What Is the Great Reset Agenda?
https://timetofreeamerica.com/great-reset-explained/#scroll-content
Learn More About the Mindset of Yuval Noah Harari by Reading 2nd Thessalonians Chapter 2: https://www.biblegateway.com/passage/?search=2%20Thessalonians%202&version=KJV
Read Klaus Schwab's terrifying book / vision for the future of humanity:
https://www.amazon.com/COVID-19-Great-Reset-Klaus-Schwab/dp/2940631123/ref=sr_1_2?crid=98EDVXXZLZ46&keywords=the+great+reset&qid=1649867592&sprefix=the+great+reset%2Caps%2C102&sr=8-2
Connect the Dots Between COVID-19 / The Great Reset, The Fourth Industrial Revolution, Klaus Schwab, 5G, and the RNA-Modifying COVID-19 Vaccines Agenda: https://timetofreeamerica.com/revelation
The EPIC battle between good and evil is here. It's “The Great Reset” versus “The Great ReAwakening.”
Request Tickets to General Flynn's ReAwaken America Tour Today At: https://www.thrivetimeshow.com/reawaken-america-tour/
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*Tulsa - Jim Breuer and Team America Live In Concert (September 24th 2022)
General Flynn's ReAwaken America Tour Gains Momentum!!!
Eric Trump, Kim Clement's Daughter (Donné Clement Petruska), Dr. Zelenko, Mel K, Dr. Simone Gold, Sean Feucht, Doctor Dave Martin, Mel K, Dr. Jane Ruby, Charlie Kirk, Roger Stone, Dr. Judy Mikovits, Dr. Peter McCullough, Dr. Stella Immanuel, Dr. Sherri Tenpenny, Lance Walnau, Comedian Jim Breuer, & Mike Lindell Join the Tour!!!
**Request Tickets Today At: https://www.thrivetimeshow.com/reawaken-america-tour/
ReAwaken America Tour History:
*April - Tulsa, Oklahoma was 100% Sold Out
*June - Tampa, Florida Was 100% Sold Out
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*August - Grand Rapids, Michigan Was 100% Sold Out
*September - Colorado Springs, CO Was 100% Sold Out
*November - San Antonio, TX Was 100% Sold Out
*December - Dallas, TX Was 100% Sold Out
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*February - Canton, OH Was 100% Sold Out
*March - San Diego, CA Was 100% Sold Out
*April - Salem, Oregon Was 100% Sold Out
*Myrtle Beach, SC - May 13th & 14th Was 100% Sold Out
*Virginia Beach, VA - July 8th & 9th Was 100% Sold Out
ReAwaken America Tour Featured / Past Speakers Include:
General Flynn, Mike Lindell, Robert F. Kennedy, Texas Attorney General of Texas Ken Paxton, Charlie Kirk, Chad Prather, Pastor Phil Hotsenpiller, Robert Kennedy Jr., Ian Smith, Roger Stone, Alex Jones, Owen Schroyer, Melissa Tate, Trump-Attorney Jenna Ellis, Dave Scarlett, Senator Wendy Rogers, Doctor Richard Bartlett, Gene Ho, Patrick Byrne, Scott McCay, Anna Khait, Sam Sorbo, Doctor Mark Sherwood, Attorney Thomas Renz, Doctor Stella Emmanuel, Attorney Leigh Dundas, Doctor Jim Meehan, Sheriff Vic Regalado, Joey Gilbert, Doctor Sherri Tenpenny, Doctor Rob Marsh, Leila Centner, Lori Gregory, Kevin Jenkins, Doctor Carrie Madej, Doctor Judy Mikovits, Steve Maxwell, Doctor Eric Nepute, Alfie Oakes, Sidney Powell, Doctor Alan Keyes, Pastor Artur Pawlowski, Mike Provenzano, Doctor Shannon Kroner, Doctor Andy Wakefeld, Pastor Jackson Lahmeyer, Amanda Grace, Doctor Cordie Williams, Pastor Mark Burns,etc.
Watch The ReAwaken America Documentary for FREE Today At: https://reawakeningseries.com/
Who is the man leading "The Great Reset" agenda?
Yuval Noah Harari - Learn More: https://timetofreeamerica.com/who-is-the-man-leading-the-covid-19-great-reset-agenda
Learn More About the Mindset of Yuval Noah Harari by Reading 2nd Thessalonians Chapter 2: https://www.biblegateway.com/passage/?search=2%20Thessalonians%202&version=KJV
Read Klaus Schwab's terrifying book / vision for the future of humanity:
https://www.amazon.com/COVID-19-Great-Reset-Klaus-Schwab/dp/2940631123/ref=sr_1_2?crid=98EDVXXZLZ46&keywords=the+great+reset&qid=1649867592&sprefix=the+great+reset%2Caps%2C102&sr=8-2
*****************************************************
The Great Reset | Explained In Their Own Words (Gates, Musk, Harari, Schwab & Grimes) https://rumble.com/v14382h-the-great-reset-explained-in-their-own-words-gates-musk-harari-schwab-and-g.html
Entire Great Reset / 4th Industrial Agenda Explained In 10 Minutes or Less: https://timetofreeamerica.com/the-great-reset-explained/
*******26 Questions We All Need to Be Asking********
Question #1 - Why Did the Lead Klaus Schwab Advisor Yuval Noah Harari Say? "Your Immune Systems Will Be Connected to the Network." https://rumble.com/v1a018z-yuval-noah-harari-your-immune-systems-will-be-connected-to-net..html
Question #2 - Why Did the Lead Klaus Schwab Advisor Yuval Noah Harari Say? "W/ Surveillance Under Skin It Can Disclose Medical Conditions & How You Feel." - https://rumble.com/v1a5tmx-yuval-noah-harari-w-surveillance-under-skin-it-can-disclose-medical-conditi.html
Question #3 - Why Was the System and Method for Testing for COVID-19 Patented on October 13th 2015? https://pubchem.ncbi.nlm.nih.gov/patent/US-2020279585-A1
Question #4 - Why Is Congress Working On HR-666? https://www.congress.gov/bill/117th-congress/house-bill/666
Question #5 - Why Is Congress Working On HR-6666? https://www.congress.gov/bill/116th-congress/house-bill/6666/text
Question #6 - Why Did Microsoft File for a Patent for a Cryptocurrency System Using Body Activity with a Publication Number WO-2020-060606? https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2020060606
Revelation Chapter 13: 16-18 (Revelation was written by John the Apostle While Being Exiled On the Island of Patmos) - Read: https://www.biblegateway.com/passage/?search=Revelation%2013%3A16-18&version=KJV
Question #7 - Why Did the Founder of the PCR (Polymerase Chain Reaction Tests Say That Dr. Fauci Is a Liar and Then His Tests Could Be Falsely Calibrated to Create False-Positive Test Results? https://rumble.com/vsr781-learn-how-the-covid-19-pcr-tests-have-been-used-to-inflate-the-covid-19-cas.html
Question #8 - Why Did Helen Clark of the World Economic Forum Say "The WHO Needs to Power to Be On the Site & to Declare and Emergency." https://rumble.com/v16pxhd-the-great-reset-the-who-needs-to-power-to-be-on-the-site-and-to-declare-and.html
Question #9 - Why Did Bill Gates Choose to Feature the Spirit-Cooking Marina Abramovic During the 2020 Microsoft Easter Commercial? https://www.youtube.com/watch?v=eWw5F3jbOtE
Question #10 - Why Did Microsoft File for a Patent for a CRYPTOCURRENCY SYSTEM USING BODY ACTIVITY DATA with a Publication Number WO-2020-060606 - https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2020060606
Question #11 - Why Do Bill Gates, John Podesta, Jay-Z, Gwen Stefani, Lady Gaga and Other International Celebrities Seek the Guidance of the Spirit-Cooking Marina Abramovic?
https://duckduckgo.com/?q=marina+abramovic+spirit+cooking&t=hd&va=u&iax=images&ia=images
Question #12- Why Did Jeffrey Epstein / Bill Gates Work to Create Their Own Race of People? - https://www.nytimes.com/2019/07/31/business/jeffrey-epstein-eugenics.html
Question #13 - What Is In the COVID-19 Vaccines? https://timetofreeamerica.com/vaccines-gates/#scroll-content
Question #14 - Why Does CERN Have the Logo 666? https://rumble.com/v194k3a-the-great-reset-do-stephen-hawking-and-revelation-agree-revelation-911-and-.html
Question #15 - Why Did the CEO of Nokia (Pekka Lundmark) Say, “"By 2030 Smartphones Will Be Built Into Bodies” at the 2022 World Economic Forum Event? https://rumble.com/v16plao-transhumanism-by-2030-smartphones-will-be-built-into-bodies.-pekka-lundmark.html
Question #16 - Why Is the Centers for Disease Control Calling for the Implementation of Nazi-Style Concentration Camps That They Are Calling Green Zones? https://www.cdc.gov/coronavirus/2019-ncov/global-covid-19/shielding-approach-humanitarian.html
Question #17 - Why Did the Governor of Tennessee Sign an Executive Order Authorizing the State to Remove People from Their Homes? https://publications.tnsosfiles.com/pub/execorders/exec-orders-lee83.pdf – Read Paragraphs 8, 14 and 18
Question #18 - Why Is GovernmentJobs.com Hiring Isolation & Quarantine Team Consultants, Isolation, and Vaccine Strike Team Staff?
https://www.governmentjobs.com/jobs/3233390-0/isolation-quarantine-team-consultants-ps2-non-permanent-doh5814
https://www.governmentjobs.com/jobs/2918801-0 via @GovernmentJobs
https://www.governmentjobs.com/jobs/3220847-0 via @GovernmentJobs
Question #19 - Why Does the Centers for Disease Control Have a Section on Their Website Dedicated to Describing Quarantine Stations and Their Jurisdictions?
https://www.cdc.gov/quarantine/quarantine-stations-us.html
Question #20 - Why Did aBill Gates and George Soros-Backed Organization Buy Out This COVID-19 Testing Company? https://www.theepochtimes.com/mkt_breakingnews/bill-gates-and-george-soros-buy-out-covid-19-testing-company_3909833.html?utm_source=News&utm_medium=email&utm_campaign=breaking-2021-07-20-2&mktids=4c7b77485753b708172bad88c5db2e09&est=Pntf4x%2FYSo3qmf8tbswC35G5Or9yEvDiGG0nyIkn%2B6jUssSBm7uf7Yc4ZKjFAJWiNsX2
Question #21 - Why is graphene oxide, PEG (Polyethylene Glycol), M-RNA modifying nano-technology, SM-102, luciferase, fetal-tissue cell lines and inside the COVID-19 vaccines? Watch - https://rumble.com/vl9hlz-dr-jane-ruby-are-the-covid-19-vaccine-mandates-a-campaign-of-murder.html
VAXXED Patients' Blood Examined, Horrific Findings Revealed by German Physicians! - https://rumble.com/vldaex-vaxxed-patients-blood-examined-horrific-findings-revealed-by-german-physici.html
Question #22 - Why Is Elon Musk Creating Brain Chips at Neural Link? https://nypost.com/2021/03/06/rockets-brain-chips-is-elon-musk-superhero-or-supervillain/
https://twitter.com/elonmusk/status/1356027336387252235?lang=en
Question #23 - Why The Satanic Temple of Texas files suit to defend its religious right to child sacrifice...tell us more about this? https://www.washingtontimes.com/news/2021/mar/6/satanists-sue-for-religious-right-to-ritual-aborti/
Question #24 - Why does the Pope’s Audience Hall look like a Snake Head? https://duckduckgo.com/?q=pope+snake+building&t=h_&iax=images&ia=images&iar=images
https://duckduckgo.com/?q=pope+audience+hall+stage&t=h_&iar=images&iax=images&ia=images&iai=https%3A%2F%2Fi.pinimg.com%2F736x%2F9f%2Ff0%2F7c%2F9ff07ccc8521044593f7971a13bef0e6--paul-vi-pope-john-paul-ii.jpg
Question #25 - Why Did Jeffrey Epstein Have a Satanic Temple on His Island? https://duckduckgo.com/?q=jeffrey+epstein+island+temple&t=hc&va=o&iar=images&iax=images&ia=images
Question #26 - Why Did the Billionaire Bill Gates Who Is Developing the Vaccines Choose to Invest His Time with the World’s Most Prolific Pedophile Jeffrey Epstein? https://www.nytimes.com/2019/10/12/business/jeffrey-epstein-bill-gates.html
Question #27 - Why Would the Executive Chairman of the World Economic Forum Klaus Schwab Write a Book Titled COVID-19 - The Great Reset, Which Advocates for the Complete Destruction of Our God-Given Freedoms, the American Way of Life and the Implementation of a One World Government? Imphttps://www.amazon.com/COVID-19-Great-Reset-Klaus-Schwab/dp/2940631123/ref=sr_1_2?dchild=1&keywords=the+great+reset&qid=1615556362&sr=8-2
Question #28 - Why is Luciferase Technology Being Developed? https://www.moleculardevices.com/sites/default/files/en/assets/newsletter/november-2020.html#gref An enzyme that catalyzes the oxidation of a luciferin, causing it to produce a visible glow.
The Great Reset | The ENTIRE GREAT RESET AGENDA Explained In 7 Minutes & 23 Seconds
Join Eric Trump & Robert Kiyosaki | Join Trump & Kiyosaki At Clay Clark's 2-Day Interactive Business Growth Workshop In Tulsa, OK (March 6-7 2025) + Learn Branding, Marketing, Sales, Management, Workflow Design & More!!!
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Ex-FBI Agent Uncovers Vast Conspiracy Unkown to the Public
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Ronald Reagan And Donald Trump - Part Of The Problem - 9/14/24..
Why do new atheists spend so much time criticizing Christianity but not other religions? Furthermore, why are some of the leaders of the new atheist movement now identifying as "cultural Christians"? Frank explores the rise of new atheism and how Christianity compares to Islam.
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What can Christian influencers do to prepare for the inevitable avalanche of criticism that comes with doing ministry online or even speaking out in the public square? Christian apologist Alisa Childers joins Frank to share her unique insights based on her past experiences of online attacks and how she learned to navigate the digital battlefield while protecting her faith and sanity in the process.
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Traveller - Islamists Takes Over UK Streets_ UK In Total Lock Down For Celebration of Pakistan Independence Day
A controversial performance during the opening ceremony of the Paris Olympics featured a Last Supper scene with trans people and men in drag. Are we entering a post-Judeo-Christian era, or are we reverting to a pre-Biblical pagan world? Dennis explores what this means for our culture and answers your questions about studying different languages, praying for America, and choosing a career.
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Further evidence stacks up to show POTUS was the victim of state sponsored assassination attempt.
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Michael Jaco SHOCKING News - Q Drops - Deep State - 7/20/24..
Quote: "Live every day as if it were your last because someday you're going to be right."
Scripture: James 4:14: "Why, you do not even know what will happen tomorrow. What is your life? You are a mist that appears for a little while and then vanishes."
Prayer: Father, help me to live each day with purpose and urgency, knowing that my time on earth is brief. Let me honor You with every moment. Amen
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Ibn Ali (nephew of the original GOAT - Muhammad Ali) and Attorney Tom Renz have launched a ministry based on their mutual love and respect for Jesus Christ and recognition that to love Christ is to fight for him. These warriors believe it is their duty to bring the love and forgiveness of Jesus Christ to all people - sinners and saints. Our ministry will partner with and work with all churches and all people to promote the word of God. We encourage people to join our ministry and also to become more active in your own church. Our ministry maintains the following firmly held religious beliefs:
1. JESUS CHRIST IS THE SON OF GOD AND THROUGH HIM YOU MAY FIND SALVATION.
2. FREEDOM IS INHERENT TO ALL PEOPLE.
3. FREEDOM COMES FROM EQUAL TREATMENT AND EQUAL OPPORTUNITY UNDER THE LAW.
4. MANKIND IS MADE IN THE IMAGE OF GOD.
5. CHILDREN ARE SACRED.
6. NO FOOD SHOULD BE CONSUMED THAT HAS BEEN EXPOSED TO UNNATURAL GENE THERAPIES.
7. WAR IS MORALLY WRONG UNLESS IT IS DONE IN SELF DEFENSE OR IN SUPPORT OF GOD’S COMMANDS.
8. VACCINES CREATED INVOLVING ABORTED FETAL CELLS, ANY FOREVER CHEMICALS/MATERIALS OR ANY GENETIC MATERIAL ARE MORALLY WRONG AND SHOULD NOT BE TAKEN.
Our intent is to support our members in each of these - as well as other - critical issues. If there are forced vaccinations in the future, we will stand up. When bad people try and push pornography in schools or other such ideals we will fight back. When freedom is threatened we will speak out. If you support our views please join us.
Qurrent Event - Pain For The Cabal - 7/16/24..
https://x.com/RealAlexJones/status/1812606294945366144
Exclusive! Epic New Bohemian Grove Ritual Footage Leaked, July 14, 2024
'Does It Bother You-'- Rand Paul Questions Ex-CDC Director About Gain-Of-Function Research
The earth's magnetic field is vitally important to not only the planet, but the life on the planet as well. This field provides the perfect conditions to allow life to thrive on earth as well as protect us from dangerous space debris. But what would life on earth be like in the future when this field gets dangerously weak?
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Anti-War Activist Passport Confiscated and Pulled Off Plane By State Department - Scott Ritter
June 5, 2024
U.S. and ISRAEL IMPERIALISM - FOLLOW THE MONEY
The Jimmy Dore Show
Former Marine Intelligence Officer and UN weapons inspector Scott Ritter was at JFK airport, prepared to fly to St. Petersburg, Russia.
He was going for a major conference when customs agents, at the behest of the State Department, seized Ritter’s passport and refused to allow him to board the plane.
Jimmy speaks with Scott Ritter about what happened and why he thinks the State Department has targeted him to prevent him from making this particular trip to Russia.
Follow Scott Ritter on Twitter: https://twitter.com/realscottritter
Scott Ritter’s website: https://www.scottritterextra.com/
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Co-hosts L Todd Wood and Bill Quinn discuss the disclosure of Gain of Function research on Bird Flu which is being done right here in Georgia. Dr. Drew discusses The Wellness Company’s approach; Gen. Vallely discusses global situation/military perspective.
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I’m Ashamed To Be Irish – Joe Biden
May 27, 2024
U.S IMPERIALISM - FOLLOW THE MONEY
The Jimmy Dore Show
Joe Biden is downright upset over the recent announced recognition of the Palestinian state by three new European nations... Spain, Norway and Ireland.
Especially as a devoted son of the Emerald Island, Joe Biden can’t believe these nations would dare to side with the oppressed peoples of Palestine.
Voice impression provided by Mike MacRae
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Brighteon Broadcast News, Apr 19, 2024 – Israel attacks Iran, escalating the world toward a nuclear apocalypse – get ready for FALLOUT FOOD
- Israel's retaliation against Israel's attack on Iranian consulate in Syria. (0:03)
- Potential consequences of #Israel using nuclear weapons. (8:44)
- Oil and #gold prices spike
- Upcoming protests in US over Israel's nuclear weapons. (19:40)
- Potential domestic #terrorism and food shortages after a nuclear attack. (25:41)
- Nuclear war and its impact on the food supply ("fallout food"). (31:37)
- Economic collapse, #depopulation agenda, and the importance of self-sufficiency. (1:23:55)
- US-China trade and #gold prices, with a focus on sanctions and geopolitical tensions. (1:35:55)
- US economic decline, military spending, and #silver's role in weapons manufacturing. (1:46:11)
- New #BRICS currency, gold, and #dollar manipulation. (1:56:50)
- #Blockchain technology and its potential impact on global trade and finance. (2:21:00)
- Counterparty risk and gold/silver investments. (2:28:20)
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The Israeli military has sacked two senior officers over the drone strikes which killed seven aid workers including three Brits, saying soldiers made a 'grave mistake' and violated operating procedures.
The IDF said in a statement the strike 'should not have occurred'.
James O'Brien asks why Benjamin Netanyahu is continuing with the bombardment of Gaza 'when he has lost the support of everybody'.
This comes as civil servants threaten to stop work over arms sales to Israel.
Labour's Ellie Reeves told LBC that Rishi Sunak and David Cameron have 'sat on' legal advice over the matter for almost a month, adding Labour has been asking for it to be published.
dutchsinse - 1_02_2024 -- New York City , Washington DC earthquakes, booms and rumbles - East Coast moving
Dems are trying to fix the border because it’s a ‘threat’ to Biden’s re-election: Sen. Ron Johnson
Sen. Ron Johnson, R-Wis., joins ‘Sunday Morning Futures’ to break down the Biden administration’s approach to immigration policy and its impact on the average American.
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“Let thy Food be thy Medicine and thy Medicine be thy Food” – Hippocrates. That is the message from the founding father of modern medicine echoed in the controversial new documentary film Food Matters from Producer-Directors James Colquhoun and Laurentine ten Bosch.
With nutritionally-depleted foods, chemical additives and our tendency to rely upon pharmaceutical drugs to treat what’s wrong with our malnourished bodies, it’s no wonder that modern society is getting sicker. Food Matters sets about uncovering the trillion dollar worldwide ’sickness industry’ and gives people some scientifically verifiable solutions for overcoming illness naturally.
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A Steven Greer Film, 'The Lost Century And How To Reclaim It' reveals a century of illegal UFO secrecy that has cost humanity hundreds of years of spiritual, cultural and technological development. It exposes the secrecy of stolen energy from Nikolai Tesla and the truth behind JP Morgan's scam to enslave the modern world with a systematic plan through money, power, and psychological warfare.
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Corporate Profits Were Biggest Driver Of Inflation In Europe, IMF Admits
June 27, 2023
Geopolitical Economy Report
HOW CORPORATE PROFITS ARE DRIVING INFLATION, NOT WORKERS' WAGES
Corporate profits have been the biggest contributor to inflation in Europe since 2021.
This is according to a study published by the International Monetary Fund (IMF).
"Rising corporate profits account for almost half the increase in Europe's inflation over the past two years as companies increased prices by more than spiking costs of imported energy", wrote IMF economists this June.
The IMF said "companies may have to accept a smaller profit share if inflation is to remain on track to reach the European Central Bank's 2-percent target in 2025".
IMF economists Niels-Jakob Hansen, Frederik Toscani, and Jing Zhou detailed their findings in a research paper, "Euro Area Inflation after the Pandemic and Energy Shock: Import Prices, Profits and Wages".
They found that domestic profits were responsible for 45% of the average change in consumption deflator (inflation) from the first quarter of 2022 to the first quarter of 2023, whereas rising import prices contributed 40%.
Some of the main factors contributing to rising import prices have included supply-chain disruptions due to the Covid-19 plandemic, the war in Ukraine, and Western sanctions on Russia - one of the world's leading producers of oil, gas, fertilizer, and wheat - which caused a big spike in global commodity prices.
However, the share of inflation caused by import prices reached its peak in mid-2022 and has since been falling.
This suggests that post-plandemic supply-chain problems have largely been solved, and some commodity prices have dropped. But corporations have continued hiking prices anyway.
The IMF economists noted that "the results show that firms have passed on more than the nominal cost shock, and have fared relatively better than workers".
Many neoliberal economists and Western central bank officials have ignored the rise in corporate profits, however, and instead blamed inflation on workers' wages.
In response to the inflation that shot up as the world came out the plandemic, the European Central Bank and US Federal Reserve have been aggressively raising interest rates, at a speed not seen since the Volcker Shock of the 1980s.
Fed chair Jerome Powell admitted that his goal is to "get wages down".
Former US Treasury Secretary and World Bank chief economist Larry Summers called for five years at 6% unemployment or a year at 10% unemployment in order to bring down inflation.
They put the blame largely on workers, overlooking how companies have exploited a time of uncertainty to make a killing.
Economist Isabella Weber was correct about 'sellers' inflation'
Perhaps the most vocal economist in calling for her discipline to research how corporations have contributed to inflation in the past two years is Isabella M. Weber.
A professor at the University of Massachusetts Amherst, Weber has dubbed this "sellers' inflation".
Yet, while her work is meticulously sourced, Weber has faced harsh criticism from neoliberal economists.
In December 2021, she published an op-ed in The Guardian titled "Could strategic price controls help fight inflation?"
In the debates around inflation, "a critical factor that is driving up prices remains largely overlooked: an explosion in profits", Weber wrote. "In 2021, US non-financial profit margins have reached levels not seen since the aftermath of the second world war. This is no coincidence".
She noted that "large corporations with market power have used supply problems as an opportunity to increase prices and scoop windfall profits".
Weber's article set off a firestorm, and she was brutally attacked. New York Times pundit Paul Krugman claimed Weber's call for price controls was "truly stupid."
In February 2023, Weber published an academic article further explaining the phenomenon: "Sellers' Inflation, Profits and Conflict: Why can Large Firms Hike Prices in an Emergency?"
The IMF economists in fact cited this Weber article in their own working paper on inflation in Europe.
Rethinking inflation
Contemporary mainstream economists typically discuss three types of inflation: demand-pull inflation, cost-push inflation, and built-in inflation.
Cost-push inflation happens when the prices of inputs used in the production process increase. When the international prices of commodities like oil or gas skyrocket, in response to the war in Ukraine for instance, this contributes to cost-push inflation.
Built-in inflation accounts for expectations that inflation that happened in the past will repeat in the future. Corporations often increase their prices every year, for example, simply because they expect costs to increase, not because they actually did increase (but by doing so, costs do sometimes increase).
However, discussions of inflation among Western neoliberal economists are usually focused on demand-pull inflation.
The godfather of monetarism, infamous right-wing University of Chicago economist Milton Friedman, argued that "inflation is always and everywhere a monetary phenomenon", and specifically consisted of demand-pull inflation: "too much money chasing too few goods".
Friedman was an inspiration for Chile's fascist dictator Augusto Pinochet, who came to power in 1973 in a CIA-backed military coup against the South American nation's democratically elected socialist president, Salvador Allende.
Friedman was so fixated on government monetary policy that he essentially argued that cost-push inflation doesn't exist, claiming it was merely a product of demand-pull inflation.
But this recent IMF study shows that the right-wing, monetarist view of inflation is much too simplistic. Capitalist firms can cause inflation simply by hiking up their profits to unreasonable levels.
Nevertheless, some monetarist holdovers today still insist that the inflation the world saw following the Covid-19 plandemic was merely caused by central bank money printing.
This fails to explain why there was little consumer price index inflation in the first 12 years of quantitative easing (QE), from 2008 to 2020, before the plandemic hit, and why QE suddenly caused prices to rise only around 2021.
Economist Michael Hudson has pointed out that QE by the US Federal Reserve and European Central Bank in fact fueled asset price inflation, not consumer price index inflation.
In an interview with Geopolitical Economy Report in September 2022, Hudson explained:
The result [of quantitative easing] has been $9 trillion, essentially, of bank liquidity that the Federal Reserve has pushed in.
Now, despite the fact that it is asset price inflation, the fact is that asset price inflation has all occurred on credit.
The asset price inflation has occurred when the Federal Reserve makes basically repo swaps with the banks, enabling the banks to deposit some of their packaged mortgage loans, or bonds, government bonds or even junk bonds, with the Fed.
And they get a deposit with the Fed that enables them to now turn around, as if the Fed was depositing money in the bank like a depositor, letting it lend more, and more, and more for real estate, which has pushed up the price.
Real estate is worth whatever a bank will lend against it. And the banks have been lowering the margin requirements, easing the the terms of the loan.
So the banks have inflated the real estate market, and also the stock and bond market.
The bond market from 2008 today has had the biggest bond rally in history. You can imagine the bond prices going down to below 0%. This is a huge capitalization of the bond rate.
So it has been a bonanza for people who held bonds, especially bank bonds. And it has inflated the top of the pyramid.
But if you inflate it on debt, then somebody has to pay the debt. And the debt, as I just said, is the 90% of the population.
So the fact is that asset price inflation and debt deflation go together, because the wealth part of the economy, the ownership part, has been vastly inflated, the price of wealth relative to labor.
But the debtor part has been has been squeezed by families having to pay much more of their income on mortgages, or credit cards, or student debt, leaving less and less to purchase goods and services.
So if there is a debt deflation, then why do we have a price inflation now? Well, the price inflation is largely a result of the war [in Ukraine], the sanctions that the United States has imposed on Russia.
Russia was, as you know, a major gas exporter, oil exporter, and also the largest agricultural exporter in the world.
So if you exclude Russian oil, Russian gas, Russian agriculture from the market, you're going to have a shortage of supply, and you're going to have the prices way up.
So the oil, energy, and food have been a key element.
And also, under the Biden administration and certainly the Trump administration, there has been no enforcement of monopoly prices.
READ MORE: https://geopoliticaleconomy.substack.com/p/corporate-profits-inflation-europe-imf
Original: https://youtu.be/qdZbq1iw-ho
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LINKS:
https://www.youtube.com/watch?v=0MzHdxXhUwQ&ab_channel=SoundHealingVibes
https://reason.com/2022/10/27/yes-you-can-yell-fire-in-a-crowded-theater/
https://hbr.org/2021/08/how-to-ask-a-colleague-to-mask-up
https://www.muhealth.org/our-stories/how-talk-someone-hesitant-get-covid-19-vaccine
https://www.youtube.com/watch?v=LEBCc-Qpilw&ab_channel=DailyMail
https://twitter.com/rawsalerts/status/1671977553332936731?t=Syk2boL5c446d6wYLeLZ9A&s=19
https://twitter.com/JackPosobiec/status/1672023551522603011
https://twitter.com/travis_in_flint/status/1671154501040893952?s=12&t=lq_PNroZMdh9fY0Y2sknYQ
https://twitter.com/CollinRugg/status/1671942487185952768?t=hjGrjmdWhRl313bfbZncBg&s=33
https://twitter.com/TuckerCarlson/status/1672014260480901120?t=fb3ONMJVNnl6aMnUtpD2jA&s=33
https://www.youtube.com/watch?v=Ijqmk-5d364&ab_channel=O%27keefeMediaGroup
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https://www.youtube.com/watch?v=mhjVq0Nipls&ab_channel=CanadianPrepper
https://twitter.com/maks_nafo_fella/status/1672309306971025408?s=12&t=lq_PNroZMdh9fY0Y2sknYQ
https://simplicius76.substack.com/p/special-report-emergency-situation
https://forbiddenknowledgetv.net/china-is-throwing-away-fields-of-electric-cars-letting-them-rot/
Controversy erupted over the weekend after vaccine safety expert and Democratic candidate Robert F. Kennedy Jr. appeared on "The Joe Rogan Experience" and previous Rogan guest Peter Hotez called for Spotify to censor the show. Now, Hotez is being called upon by all of Twitter to debate RFK on Rogan’s show. You have to see this interaction to believe it. Plus, Anheuser-Busch issues a non-apology, and Matt Walsh exposes internal documents from Fox News that propagate queer theory and the transgender ideology. This is The Liz Wheeler Show.
References:
Use promo code PRIDE for a one-month free trial of The Liz Wheeler Show community on Locals: https://lizwheeler.locals.com/support/promo/PRIDE.
Anheuser-Busch issues non-apology: https://lizwheeler.com/trending-story/anheuser-busch-ceo-pledges-change/
Matt Walsh exposes internal documents from Fox News: https://lizwheeler.com/trending-story/fox-forcing-employees-embrace-pride/
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