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Economist Kirk Elliot predicted local bank failures back in December of 2023. Watch & share his powerful analysis with Alex Jones where he explains what’s going to happen next:

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EMERGENCY FINANCIAL NEWS: Economist Warns The Collapse Has Already Begun – Will Be Worse Than The Great Depression

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Economist Warns Rollout Of The Mark Of The Beast Being Prepared By Central Bank

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Camera captures heroic moment on video

Storm chaser Freddy McKinney filmed an amazing scene as he helped rescue a family of four just minutes after their home was completely destroyed by a Texas tornado this week.

So Storm Chaser Freddy McKinney was an angel from heaven yesterday afternoon and was in right place at right time to save a family. The most intense footage I’ve ever seen. When he releases entire video you have to watch it. Everyone is okay minus minor injuries but this… pic.twitter.com/HUDRlY2TVE

— Rob Dromgoole (@HODLRecruiter) May 3, 2024

McKinney saw the tornado get close to some homes in Hawley, Texas, and drove forward for a closer look.

It was at that moment he saw “people” walking down a dirt road, rolled down his window, and yelled, “Get in! Get in the car! Open the door, get in. Come on guys!”

A mother carrying her young daughter, a young boy with a bloody face, and the father all ran towards the car.

“Help us! Please, God help. Hurry! Come on! Please get us! I need your phone, I need to call my mom,” the mother frantically told the driver.

Once inside the car, the family can be heard asking the driver to stop and pick up their family dog who was nearby, and requesting to be taken to the nearest hospital to treat their injuries.

The brave storm chaser quickly drove the injured family to the hospital where they were treated and are currently recovering thanks to the grace of God.

Photos of the family recovering from the incident and footage of the destroyed house were uploaded online.

McKinney took to X to update his followers, writing, “Guys I’m okay I took a family to the hospital. Thank god they survived that tornado their house was absolutely leveled.”

A cousin of the family set up a GoFundMe to help with hospital bills and their home being destroyed.

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Is there any indication that knowledge – specifically scientific knowledge, so highly prized in our time – is employed or applied to facilitate good governance or rule today, in a way that is comparable to Plato’s use of philosophical knowledge to promote good governance?

It is probably the case that politicians who are encouraged to read the works of the ancient Greek thinker, Plato – particularly The Republic – to learn something there about the prerequisites for being able to govern appropriately and wisely, would scoff at this suggestion, with perhaps a few rare exceptions. More specifically, among these prerequisites Plato counted an understanding of the ‘nature’ of human beings – their ‘soul’ or psuche (where our word, psyche, comes from). To the question of why Plato would consider it essential for rulers to understand the people whom they govern, the answer should be obvious: unless you have a grasp of how these creatures think, what they desire, and so on, your governance may just flounder against the rock of misunderstanding. 

At least this is something on which our current ‘rulers’ (such as they are) would agree: you have to ‘understand’ the people over whom you rule, but with an important – in fact, crucial – qualification. For Plato, knowledge of human nature was essential because, as a philosopher, he wanted rulers to rule wisely, for the benefit of the people and for the polis or city-state; for those fascists who would lord it over us today, such knowledge is similarly essential, although it comes with a massive difference. Instead of utilising an understanding of humans for the benefit of all, their intent, to use and abuse such knowledge with the aim of exercising totalitarian control over the supposed ‘useless eaters,’ has been demonstrated in no uncertain terms since at least 2020, although the aftermath of 9/11 was already a warning of what was to come.  

So, how should one govern, given specific abilities, inclinations, and dispositions on the part of the governed and the governing – considering that rulers also have to understand themselves to be able to govern well and justly? If you recognise the name of Plato, you will probably know that he was an ancient Greek philosopher who lived in the 4th century BCE. You may also know that Socrates was his teacher and that he (Plato), in turn, was Aristotle’s teacher, who later turned out to be the teacher of the Macedonian prince who became Alexander the Great. This is the historical context in broad brushstrokes. What few people know is that Plato could teach politicians a thing or two about good governance. 

Politicians would probably scoff at this — a fellow who lived more than 2,000 years ago teach us ‘modern’ politicians how to do our job? Come on! Actually, this is precisely what I mean. Consider this. Plato’s Republic did not fall from thin air. When his teacher, Socrates, was found guilty of misleading the youth of the city (that is, for teaching them how to think for themselves) by an Athenian court, he was condemned to death. For Plato this was a clear sign that justice did not prevail in Athens.

Who knew better than Plato that Socrates was a just man, whose only ‘crime’ was that he taught people to question things, especially ‘the gods of the city’ — in other words, all those things that cities (today, societies) accept conventionally and uncritically. For individuals who have political and economic power in a city or society, such a person as Socrates was a direct threat to their power, and therefore he ‘had to go.’ 

In his Apology Plato provides an account of Socrates’ trial, which gives us some insight into his reasons for believing that Socrates was a just man, and hence, that his conviction and execution comprised an unjust act. But in his Republic — which is undoubtedly one of the most important and influential works ever written — Plato has furnished us with a thoroughly reasoned account of the conditions that a city-state (or polis, in Greek), must satisfy to be a ‘just’ city.

If Plato’s notion of justice comes across as strange today, it is probably because one does not often judge laws in light of the question, whether they are just; that is, serve justice. And yet, it has always been the case that laws are not necessarily just. (Think of South Africa’s erstwhile apartheid laws: they were not just.) However, the comparative novelty of Plato’s notion of a ‘just’ city, from a contemporary perspective, only comes into focus when one discovers that you first have to understand his conception of the human psyche or soul. In a nutshell, the structure of a just city is congruent to that of what may be called a ‘just’ soul. 

According to Plato the human psyche is composite, with three components, namely reason, spirit, and appetite (or desire). By means of striking images, functioning as metaphors, he enabled his readers to visualise their relation to one another. The best known of these images is probably the one in the Phaedrus, where he compares the psyche to a chariot, driven by a charioteer and pulled by two horses. The first of the latter was a grey-eyed, black horse, stockily built and not really beautiful, but extraordinarily strong, and disobedient to boot. The other horse was black-eyed, white, beautiful, graceful, and obedient. 

What do these metaphorical components of the soul – the chariot, two horses and charioteer – represent? The charioteer instantiates reason, the white horse spirit, and the black horse desire (appetite). Reason guides, spirit animates, and desire motivates. The strength of desire, in Plato’s estimation, is apparent from his argument that, unless the charioteer (reason) enlists the assistance of the white, obedient horse (spirit), the powerful black horse (desire) cannot be controlled, and pulls the chariot wherever it wants to go. 

In other words, the partnership between the charioteer and the obedient, but spirited horse is essential to prevent the headstrong horse from taking them from pillar to post in the quest, to satisfy its needs. However, if the charioteer (reason), assisted by the white horse, gains mastery over this powerful creature, he or she can guide the two steeds, which means that reason is not self-sufficient, but depends on the two other faculties (spirit and desire) to live a life in equilibrium. Putting it differently: only wisdom (reason’s ‘excellence’ or virtue) together with courage (spirit’s ‘excellence’) can rein in the excesses of appetite or desire (whose ‘excellence’ is to motivate).

What should be prevented at all costs, according to Plato, is that desire be allowed to rule the former two faculties, as disharmony or chaos would be the result in a person’s life. Significantly, such an appetite- or need-ruled person’s soul is said to lack ‘justice.’ The ‘just’ soul is therefore also a happy one; where there is balance among reason, spirit, and desire, all three of these faculties being necessary for a fulfilled life. 

Interestingly, Plato argues that when spirit, which is characterised by ‘spiritedness’ or thumos, is lacking in a person, it has a particularly deleterious effect on such a person’s character, given its indispensable supportive function in relation to reason. Moreover, one knows that spirit is absent from a person’s character when someone fails to be angered by injustice. This gives meaning to the expression, ‘to be justly angry.’ 

This is where one can make the transition from a ‘just’ (and happy) individual soul to the state which is ‘just.’ In the Republic, Plato maps his psychology on to the state or polis. There are, or should be, three distinct classes, he argues: the rulers, guardians of the state (or so-called philosopher-kings), the protectors (soldiers and navy, also sometimes called ‘guardians’), and the producers (commercial classes).

Furthermore, just as an individual lives happily and in harmony with her- or himself when reason rules over desire with the help of spirit, so, too, a polis (or society) is harmonious and ‘just’ when the rulers govern wisely, with the assistance of the spirited protectors, in this way restraining the sometimes excessive needs and desires of the commercial classes. Should appetite (the ‘excellence’ of the commercial producers) gain the upper hand, a city is soon in disharmony, according to Plato, particularly if reason (the rulers) is overwhelmed by the wish to satisfy appetite uncontrollably, and especially if the protectors fail to support the (presumably wise) rulers.

Although one may take issue with Plato on the class structure of his ideal republic, which is thoroughly argued in the book (and I, for one, would do so), one has to acknowledge the genius of his insight into the prerequisites for ruling well; namely a well-grounded comprehension of the way the human soul functions — that of the rulers and the ruled. Furthermore, his model of the human psyche is as illuminating today as it was in antiquity, and it is easy to test it on an individual as well as collective level.

Freud understood this so well that at least two of the components of his structural conception of the psyche correspond with Plato’s; namely the ‘ego’ (reason, for Plato) and the ‘id’ (Platonic desire). The only two that aren’t really a match are Freud’s ‘superego’ (the subliminal representative of societal normativity in the psyche) and Plato’s ‘spirit,’ probably because the ‘superego’ presupposes the Freudian unconscious, of which Plato presumably did not have an idea. 

Recall that earlier I alluded to contemporary politicians and other technocrats, who aspire to the assumption of power over the rest of us, employing an understanding of the human psyche, not for the benefit of all – as in Plato’s (and later also Aristotle’s) case – but instead with the demonstrable intention, to use and abuse such knowledge, with the additional aim of furthering desired totalitarian control. What I have in mind is that, as evidence suggests, the kind of knowledge (pertaining to ‘rule’) that they aspire to is mainly, if not exclusively, of the psycho-technological sort, which enables them – that is, their agents and servants – to carry out what is known today as (a variety of) ‘psy-ops,’ or psychological operations usually attributed to the military. 

Psy-ops employ a diversity of psychological strategies and techniques to exercise influence over the feelings, thoughts, and behaviour of a selected group, with the obvious goal of persuading the people comprising the latter, usually via various modes of deception, to act in a desired manner. If this sounds familiar, don’t be surprised. It has been carried out on the populations of the world’s countries since at least 2020, and arguably for much longer.

Given the advanced state of electronic information and communication technology at that time, the means for the propaganda and cleverly disguised disinformation, essential for convincing people to act in a desired manner, were already there with the advent of Covid, and will be employed again in a similar future situation, such as the possibly pervasive spread of bird flu (among people?), which has already been detected in India and at least 17 US states. 

It is not difficult to recall obvious instances of psy-ops during Covid. Who can forget the endless refrain of ‘Build back better,’ or ‘It is time for the Great Reset,’ let alone ‘No one is safe until we are all safe!’ And then there were the psy-ops surrounding lockdowns, masking, and social distancing, where we were all assured that, based on scientific grounds, these strategies for combating ‘the virus’ were indispensable if we were to defeat it. However, as Robert Kennedy, Jr. reminds us in his A Letter to Liberals (p. 32), in an April 2022 interview, 

…Dr. Fauci finally acknowledged his true strategy behind lockdown mandates—a psychological warfare technique to coerce vaccine compliance: ‘You use lockdowns to get people vaccinated.’ 

Not surprisingly, Fauci has also admitted that social distancing ‘…was completely fake from the start,’ in other words, that it was a psy-op, as indeed were ‘…draconian rules around vaccines that don’t meaningfully stop transmission or infection’ (in the same article) – a reference to putatively scientifically founded ‘vaccine’ mandates. Unfortunately, this rather debonair admission from an unrepentant Covid ‘health’ czar does not reverse the immeasurable damage done to so many people by the adoption of these completely unscientific measures, especially to children, in psychological terms.   

Not that these psy-ops were restricted to people like Fauci and Bill Gates as far as their indefatigable praise of miraculous ‘vaccines’ and related matters went. Joe Biden, the president of the United States himself – in the company of dictators like Justin Trudeau of Canada and Jacinda Ardern of New Zealand, who did the same thing – endlessly reminded people on television that it was imperative to get the ‘vaccine,’ lest they die a miserable death, which he confidently predicted on the part of the ‘anti-vaxxers.’

And without fail they supported their exhortations with the reassurance to viewers that this was based on ‘the science.’ Some ‘science,’ given the accumulating evidence of excess deaths, occurring in the time following the administering of billions of Covid ‘vaccines’ across the globe – something that is becoming apparent regarding children too. Only a fool would argue that there is no connection between the jabs and the mortality figures. 

Is there any indication that knowledge – specifically scientific knowledge, so highly prized in our time – is employed or applied to facilitate good governance or rule today, in a way that is comparable to Plato’s use of philosophical knowledge to promote good governance? It seems to me to be abundantly obvious that this is not the case; whether it is techno-psychology, or pharmaceutical science, the exact opposite appears to be so, and while one may argue that this is not explicitly tied to issues concerning rule or governance, in effect it has everything to do with it. Except that it should be called ‘misrule,’ ‘tyranny,’ or ‘dictatorship.’ And as for being ‘just,’ it is at the furthest possible remove from it.

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EMERGENCY FINANCIAL NEWS: Economist Warns The Collapse Has Already Begun – Will Be Worse Than The Great Depression

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“The reason for the Syrian’s behavior is not yet known.”

A knife-wielding Syrian migrant was taken down by police after he broke into a kindergarten in Germany during school hours this week, according to reports.

The harrowing incident unfolded on Thursday morning in Aschaffenburg, a town in Bavaria.

A man carrying a knife entered school grounds and was making his way across the yard when school staff took action to shelter children inside and call police.

Officers arrived quickly and used pepper spray to neutralize the suspect.

“After the operation, Red Cross staff looked after the kindergarten staff and their children, as well as the parents. The reason for the Syrian’s behavior is not yet known,” Junge Freiheit reports.

The thwarted attack comes just weeks after a 4-year-old girl was stabbed at random by a Syrian man at a supermarket in Wangen, Germany.

The child survived but was seriously injured.

The 34-year-old suspect was immediately placed in a psychiatric hospital amid an investigation into attempted murder.

InfoWars frequently covers violent crimes committed by foreign suspects in Germany.

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Aleksandr Dugin, Alex Jones, and Tucker Carlson Expose the Secrets of the Transhumanist Death Cult

Dan Lyman on X | Gab

California has the second highest home prices of any state, behind only Hawaii. Housing costs have increased by 10.1% in the past year, while the number of homes sold has decreased by 6.9%.

California’s government bet that they knew better than the free market. And now millions are paying the price.

The story begins in 1919, when the city of Berkley, California instituted legislation setting aside districts that would only allow the construction of single-family housing. The idea spread, and soon much of California’s urban areas had adopted the zoning policy. Today, approximately 40% of the total land in Los Angeles is set aside for single-family homes, while only 11% is reserved for multi-family residences. 

In 2021, a bill was signed which was intended to end single-family zoning in California. But politics is rarely that simple. The decision was met with widespread protests and an LA County Court recently declared the law unconstitutional, preventing its passing in 5 Southern California cities. While many celebrated the ruling, the decision has perpetuated California’s housing crisis.

The logic behind the original legislation was to preserve the “charm” of California’s neighborhoods. In the eyes of policymakers, multi-family residences such as apartment complexes or duplexes would sully the white-picket fence aesthetic which they saw as a staple of Californian life. While this may appear like a harmless notion, this idealism came with devastating consequences.

The problem with this policy is apparent to those with an understanding of supply and demand. By preventing high-capacity residences from being built, the supply of housing has been artificially constrained by the legislation. Even as demand rises for increased housing, companies cannot produce the necessary residences to meet the desire. When demand rises while supply remains fixed, prices will surge. And that’s exactly what happened.

California has the second highest home prices of any state, behind only Hawaii. Housing costs have increased by 10.1% in the past year, while the number of homes sold has decreased by 6.9%. As of March 2024, the average price of a house in LA is a staggering $974,000. In San Francisco, that figure is 1.29 million.

These soaring rates have heavily affected the citizenry. California has the 4th highest homelessness per capita rate among U.S. states. Over 180,000 Californians are homeless, which is almost a third of the nation’s entire homeless population.

While the cause of some homelessness is self-inflicted, studies have found a direct correlation between the cost of housing and rates of homelessness. With the second-highest housing costs of any state, it’s safe to say daunting housing prices are at least partially to blame for a vast number of California’s displaced citizens.

Another consequence of the legislation is an increase in class inequality. California has the fourth-most unequal income distribution of any state. The zoning law contributes to this problem by acting as a gatekeeper that excludes low-income families from better neighborhoods, sacrificing equality for community “quality.” Accompanied by the state’s stringent school choice laws, many citizens are left attending lower-caliber schools in worse neighborhoods. This harms future career opportunities and feeds the vicious generational cycle of poverty.

These issues are all either caused or exacerbated by the single-family zoning legislation which has constrained the state’s housing market for decades. The directive prevents the construction of apartment complexes, or other housing structures which would cater to a larger constituency, keeping prices too high for many to afford. From 1919 to the present, politicians have continued to turn a blind eye to single-family zoning’s detrimental effects in the pursuit of the perceived good of protecting neighborhoods.

The Fundamental Problem with Government Intervention

Government intervention always leads to unintended consequences. It’s a tale as old as government. But why does it so often result in disaster?

There’s a fatal flaw at the root of all bureaucratic intervention: a lack of information. In any centralized decision, there is an incalculable amount of pertinent decentralized information that is not available to governmental bodies.

In the absence of intervention, this information is communicated through prices. Even though all of the information will never be understood by the same person at once, we’re still able to coordinate our plans to reach a productive end. That’s the beauty of the price system. You may have no idea that a cocoa farm in Ghana had a poor yield, but you will buy less cocoa when it costs more than usual. A series of complex events can all be boiled down to a simple price hike.

Government intervention is the wrench in the works. No centralized body can know all of the variables in a given situation. While protecting Californian neighborhoods sounds good, it is a gross simplification of the actual issues at play. Restricting the supply of housing leads to a bevy of consequences, including skyrocketing prices, rampant homelessness, and pervasive inequality. The pursuit of a solution in the absence of information usually ends up hurting more people than it helps.

Economics is often regarded as a dismal science reserved for bookworms and professors. But for the homeless who are struggling to survive because of market-hampering governmental policies, economics is about life and death. When the government intervenes in the market system because it “knows best,” it far too often doesn’t, and innocent people pay the price. It’s up to us to hold our leaders accountable for the consequences of their actions and to help those harmed by their political arrogance.

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EMERGENCY FINANCIAL NEWS: Economist Warns The Collapse Has Already Begun – Will Be Worse Than The Great Depression

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In a market system, consumers move production activities to the hands of those who are best fit to serve them. Henceforth, policies that curtail or confiscate profits impair this function.

In our modern political culture, many people claim that profits are the outcome of some individuals exploiting other individuals. Hence, anyone who is seen trying to make profits is regarded as an enemy of society and must be stopped before inflicting damage. According to Henry Hazlitt, “The indignation shown by many people today at the mention of the very word profits indicates how little understanding there is of the vital function that profits play in our economy.”

Furthermore, Hazlitt held,

In a free economy, in which wages, costs and prices are left to the free play of the competitive market, the prospect of profits decides what articles will be made, and in what quantities—and what articles will not be made at all. If there is no profit in making an article, it is a sign that the labor and capital devoted to its production are misdirected: the value of the resources that must be used up in making the article is greater than the value of the article itself. One function of profits, in brief, is to guide and channel the factors so as to apportion the relative output of thousands of different commodities in accordance with demand.

Profit, therefore, has nothing to do with exploitation; it is about the most efficient use of individuals’ means. Instead, profit should be seen as an indicator of whether means are employed in the best possible way.

If the employment of means results in the expansion of wealth, all other things being equal, this demonstrates employment was done in a profitable manner. Conversely, a decline in the pool of wealth is indicative of a loss, which shows a squandering of means.

Rather than being condemned, people who are instrumental in expanding wealth, which is manifested by profits, should be praised. These individuals are instrumental in raising the living standards of the population as a whole.

Profit can be gained only in a market economy in which prices of goods and factors of production can be established. Needless to say, the existence of money determines the prices of goods and factors of production. The exchange rate of goods and factors of production are expressed in terms of money (i.e., the amount of money per unit of good or factor unit).

Profit emerges once an entrepreneur discovers that the prices of some factors are undervalued relative to the potential value of the products that these factors, once employed, could produce. By recognizing the discrepancy and acting upon it, an entrepreneur removes the discrepancy, thus also eliminating the potential for further profit.

According to Murray Rothbard, every entrepreneur invests in a process because he expects to make a profit and believes that the market has underpriced and undercapitalized the factors in relation to their future rents. For an entrepreneur to make profits, he must plan and anticipate future consumer preferences. Hence, those entrepreneurs who excel in forecasting consumers’ future preferences will make profits, all other things being equal.

In order to be ready for consumers’ future requirements, businesses allocate at present various means toward generating the infrastructure that will enable them to accommodate the consumers’ future demands. Planning and research, however, can never guarantee that profits will be secured—various unforeseen events can upset entrepreneurial forecasts. Errors, which lead to losses in the market economy, are an essential part of the navigational tools which direct the process of allocating means in an uncertain environment in line with what consumers dictate.

Some commentators regard profit as a reward for risk-taking. In the words of Ludwig von Mises, however,

A popular fallacy considers entrepreneurial profit a reward for risk taking. It looks upon the entrepreneur as a gambler who invests in a lottery after having weighed the favorable chances of winning a prize against the unfavorable chances of losing his stake. This opinion manifests itself most clearly in the description of stock exchange transactions as a sort of gambling.

Mises then suggests,

Every word in this reasoning is false. The owner of capital does not choose between more risky, less risky, and safe investments. He is forced, by the very operation of the market economy, to invest his funds in such a way as to supply the most urgent needs of the consumers to the best possible extent.

Mises then adds, “A capitalist never chooses that investment in which, according to his understanding of the future, the danger of losing his input is smallest. He chooses that investment in which he expects to make the highest possible profits.”

Furthermore, an investor who is preoccupied with risk rather than identifying profit opportunities is likely to undermine himself. On this Mises wrote,

There is no such thing as a safe investment. If capitalists were to behave in the way the risk fable describes and were to strive after what they consider to be the safest investment, their conduct would render this line of investment unsafe and they would certainly lose their input.

Hence, an entrepreneur’s return on his investment is determined not by how much risk he assumes but rather whether he complies with consumers’ wishes. Again, for a businessman, the ultimate criteria for investing his capital is to employ it in those activities which will produce goods and services that are on the highest priority list of consumers. It is this striving to satisfy the most urgent needs of consumers that produces profits.

In a market system, consumers move production activities to the hands of those who are best fit to serve them. Henceforth, policies that curtail or confiscate profits impair this function. In an environment of government and central bank interference, the distortion of prices makes it harder to establish whether businesses are making profits. As a result, it becomes difficult to discern wealth-generating activities from non-wealth-generating activities.

Profits are not the result of exploitation but emerge when entrepreneurs accommodate consumers’ wishes in the best possible ways. For an entrepreneur to make profits, he must anticipate consumer preferences. Consequently, entrepreneurs who excel in their forecasting of consumers’ future preferences are more likely to be profitable.

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EMERGENCY FINANCIAL NEWS: Economist Warns The Collapse Has Already Begun – Will Be Worse Than The Great Depression

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