Will The United Nations Invade The United States During A Civil War?
Alex Jones breaks down scenarios the United Nations could use to justify deploying its global troops on U.S. soil if a government-contrived civil war erupts.
Will The United Nations Invade The United States During A Civil War? pic.twitter.com/0lMXogo3hT
— Alex Jones (@RealAlexJones) August 27, 2024
Deranged Jack Smith Files Superseding Indictment Against Trump! Deep State Double Jeopardy Shows They’re Going For Broke
Globalist special counsel Jack Smith has filed a new superseding indictment against Republican presidential candidate Donald Trump including four of the same charges he already introduced.
The new filing comes after the Supreme Court ruled against Smith’s argument that Trump had no presidential immunity.
It appears as if the Double Jeopardy Clause in the Fifth Amendment to the US Constitution is being abused by the rogue Hague prosecutor Jack Smith in what equates to election interference.
“What we’re witnessing right now is a HISTORICALLY dangerous and ORCHESTRATED attack on the Republic!” warned Alex Jones.
? ALERT: Special Counsel Jack Smith Reindicts Trump With Narrower Set of Accusations After SCOTUS Immunity Decision
— Alex Jones (@RealAlexJones) August 27, 2024
Special Video Report INCOMING!
What we’re witnessing right now is a HISTORICALLY dangerous and ORCHESTRATED attack on the Republic!
The Deep State is once… pic.twitter.com/brvzrq12Np
The move is being slammed online:
BREAKING: Jack Smith just FILED a superseding indictment against Trump.
— Ryan Fournier (@RyanAFournier) August 27, 2024
Because they couldn’t win the first go around, they are trying again with a different one.
THIS IS CORRUPTION AT ITS FINEST!
FIRE JACK SMITH! pic.twitter.com/XEkg04mABq
BREAKING:
Jack Smith’s grand jury has brought a new SUPERSEDING indictment against President Donald Trump in an effort to interfere in the 2024 election.
Jack Smith is trying to work around the July 1st SCOTUS ruling on Presidential Immunity. pic.twitter.com/mnt1gk3OO6— Laura Loomer (@LauraLoomer) August 27, 2024
Just two months before the elections, Donald Trump has been indicted yet again by a Washington D.C. Grand Jury, at the request of Special Counsel Jack Smith, who appears to be challenging the Supreme Court’s authority.
— Shadow of Ezra (@ShadowofEzra) August 27, 2024
This latest indictment even cites Trump’s X account as… pic.twitter.com/4fPGJsS2qR
So, less than three months until a presidential election Jack Smith decides to amplify one of the main reasons RFK Jr. and Tulsi Gabbard endorsed Trump. More lawfare. Why are they so afraid of a second Trump term? https://t.co/gOelHd50nn
— Katie Pavlich (@KatiePavlich) August 27, 2024
Also:
Peter Schiff: Fed’s Pivot Is Misguided
In this episode, Peter analyzes the Fed’s conference in Jackson Hole and the pivot Jerome Powell signaled in figure monetary policy. He also dives into the hot political topics from this week, namely, the Democratic National Convention and RFK Jr.’s endorsement of Donald Trump for President.
Despite what Powell says, Peter is convinced there’s not sufficient evidence to support rate cuts in September:
“And during the speech, Powell said that now, finally, after all of these months, now I’m convinced that inflation is headed back down to 2%. But why? What data have we seen that has shown a significant improvement that you would think that inflation is headed back down to 2%? It’s 3% right now. … If you look at the actual CPI, 2.9% was the last one.”
The Fed’s dual mandate to fight both inflation and unemployment is proving problematic, since
improving one often worsens the other:
“He [Powell] said that any additional weakness in the labor market is unwelcome. See, before he was saying we wanted some weakness in the labor market, because that’s how we were going to bring down inflation. But now, based on all of the weak data that we got on the labor market— especially that last non-farm payroll report— he’s saying, ‘No, we can’t have any more weakness in the labor market.’ So the Fed has really pivoted now from fighting inflation to fighting unemployment, which is on the rise.”
These problems are inevitable when you tamper with interest rates, which are fundamental to a healthy economy:
“The Fed gets the economy all juiced up on cheap money. They build the entire phony recovery on a foundation of artificially low interest rates, and as a result, everybody goes into debt. And now they think they can raise interest rates without having a collapse. That’s impossible. You can’t have a foundation built on debt and then raise interest rates and expect the foundation not to collapse.”
Moving on to politics, Peter explains what stood out to him about this year’s DNC:
“I’ve watched a number of these over the years. Again, I’ve been to a couple of them— not as a delegate. I was there on a press pass. I’ve never been a delegate. But I’ve never seen a convention where they vilified the opposition and the opponent anywhere near to the degree that they vilified Trump. I thought that they would have backed off on that kind of characterization, given the fact that someone tried to kill him.”
Many of the DNC’s criticisms of Trump are outright lies:
“They spend almost all their time lying about Trump. Most of the things— almost everything, actually— that they accuse Trump of doing or wanting to do, he’s not going to do. And they repeated all these lies where they take things out of context, like the ‘bloodbath’ or ‘bad people on both sides’ or whatever it is or all these quotes that have already been proven were either not said or were taken out of context and don’t even apply to the way they’re using them.”
One silver lining from the week is RFK Jr.’s endorsement of Donald Trump for president. Constituting arguably the first true “unity campaign” in decades, the revitalized Trump ticket is a legitimate threat to the establishment, and hopefully it can take action to end wasteful wars around the world:
“At least Robert Kennedy and Donald Trump care about all these people who are dying, and they want to stop it. Now, secondarily, we’re wasting all this money so all these innocent people could die, and for what reason? Ukraine is in much worse shape now than it was two years ago. For what? For nothing. Again, there was more freedom in Russia than in Ukraine before the whole thing started. We were trying to preserve Ukrainian freedom; they’re less free now than they were before because of this war. … This has been a disaster. So at least you’ve got Kennedy and Trump that are thorns in the side of the political establishment, and that’s what we need. We need to break the stranglehold of the neocons.”
BREAKING: Dr. Peter McCullough Joins Alex Jones In-Studio To Discuss Shocking New Developments Concerning The COVID-19 Injections
Only the Federal Reserve Can Cause Inflation
During election years, incumbent presidents are routinely blamed for every societal ill during the previous four years. And almost nothing is riper for the picking than a significant rise in consumer prices. According to the Bureau of Labor Statistics (BLS), prices are currently increasing at a rate of 3 percent year over year and peaked at 8 percent during President Biden’s term in 2022.
That is significantly higher “inflation,” as the BLS defines it, than American consumers have experienced in decades. But as economically harmful as many of President Biden’s policies may have been, no president can cause prices in general to rise. Neither can Congress or “greedy corporations.”
Incidentally, “inflation” as an economic term originally meant the creation of new money and credit, not rising prices. Those wishing to confuse the public on which is the cause and which the effect has gradually redefined inflation as rising prices. Check any hard copy Merriam-Webster dictionary printed in the 20th century and see for yourself.
Only the Federal Reserve can cause a general rise in prices and only when it creates new US dollars that didn’t previously exist (inflation).
To further deflect the blame for rising prices away from the culprit, the public is constantly given other reasons for this phenomenon. Each one of them can be eliminated using a priori reasoning.
For example, energy policy is often blamed. President Biden restricted drilling on federal land and canceled the permits for multiple oil pipelines, thus decreasing the supply of oil.
Decreasing the supply of oil and gasoline causes their prices to rise. But without the creation of new money, it must necessarily reduce demand for everything else.
Consider a simple model. There is a total of $100 in the entire economy; $50 is currently being spent on Commodity A and $50 on Commodity B. If the price of A were to increase by 20 percent, then purchasing the same units of A would cost $60. That would leave only $40 with which to purchase B.
The economic actors in this imaginary economy could purchase less of A, less of B, or less of both. But they could not go one purchasing the same amounts of both goods because there are not enough dollars in the economy to make that possible.
If they do not reduce their demand for A at the higher price, they will necessarily reduce their demand for B and the price of B will fall. If they reduce their demand for A, the price of A will fall. If they reduce their demand for both A and B, the prices of both A and B will fall.
While it is true that the US economy is far more complex than this, the same principle still holds. Without the creation of new dollars, the increase in price of one or more products must be offset by a reduction in demand and therefore the price of others.
Assume the US economy is producing $30 trillion GDP per year and spends $6 trillion per year on oil and gasoline and $24 trillion on everything else. If government policy causes the cost of oil and gasoline to rise to $7 trillion per year, the economy can no longer continue spending $24 trillion on everything else because it will run out of dollars when the $30 trillionth dollar is spent.
Now, in reality, a rise in the price of oil and gasoline will necessarily reduce the quantity demanded for oil and gasoline as some spending on these is discretionary. But this doesn’t change the dynamic. It merely means the upward pressure on the price of oil and gasoline is muted a bit as is the downward pressure on the price of everything else.
“But wait,” some will argue, “higher oil and gas prices also raise the price of myriad other products, since they are all delivered to market using oil or gasoline.” This argument faces the same problem. The economy can only spend the dollars that currently exist. No matter how many different products are made more expensive by government policies, demand is limited to the existing dollars.
For the increased price of one or many products not to be offset by reduced demand for others, new dollars must enter the economy. This is the only way it is possible to spend more on A and go on spending the same or more on everything else.
New dollars can only be created permanently by the Federal Reserve. The reason prices have steadily risen over the past 111 years is because the Fed has constantly increased the supply of dollars over that period.
The reason prices rose so much more over the past four years than they had previously is the Federal Reserve created far more dollars in the past four years than it has on average during the past century.
One can verify this either by looking at the Fed’s balance sheet or the monetary base. Both are slightly different yardsticks for measuring the amount of new money created by the Fed. They both show massive increases over historical trends beginning in 2020.
It is true that commercial banks can increase the money supply due to fractional reserve policies. Because they can simultaneously lend out deposits and keep them available on demand for depositors, they create new money with each new loan. However, this ability is limited and ultimately requires new base money from the Fed to avoid reaching an equilibrium level.
There are several other arguments made for the cause of general price level increases that all suffer from the same problem as our example above.
One is that excessive government spending itself causes price increases. But while government spending often creates the conditions for new money creation by the Fed, it does not directly cause general price increases. Any money the government takes from taxpayers necessarily reduces their purchasing power and offsets the spending by the government.
Similarly, when the government borrows existing dollars from lenders, it necessarily reduces the purchasing power of the lenders.
It is only when the government borrows the money from the Fed, meaning the Fed buys government bonds with newly created dollars, that the government can spend more money without reducing the purchasing power of others.
By signing the CARES ACT and other Covid relief spending, President Trump authorized expenditures far beyond what the government could borrow from lenders of existing dollars. So, the Fed created trillions in new dollars to underwrite the difference.
President Biden also signed into law trillions more in excess government spending on the ironically named “Inflation Reduction Act” and other programs. Again, the Fed made the additional spending possible by buying government bonds with newly created dollars.
Trump and Biden’s spending created reasons for the Fed to inflate the currency, but it was the currency inflation and not the spending that caused the subsequent general rise in prices.
Rising prices have also been blamed on “supply shocks” due to the Covid lockdowns. By shutting down a huge percentage of businesses in the economy, the government drastically reduced the overall supply of goods and services. With lower supply, says this argument, comes increased prices, all things being equal.
But all things were not equal. Had the government merely prevented people from working, it wouldn’t have merely been supply that decreased but demand as well. As much as the Keynesians would like to ignore him, Monsieur Say was correct. People producing nothing would have no means to go on consuming.
They were only able to do so because the government paid them not to work. And they weren’t paid with existing dollars that would have reduced the demand of whoever provided them. They were sent newly created dollars to replace their lost wages.
Probably no argument for the cause of higher prices is more absurd than “corporate greed.” Politicians resort to this argument to deflect blame. But no matter how greedy corporations are or become, they have no power to increase general price levels.
First, every corporation always seeks maximum profit. If this is greed, then corporations are always greedy. There would be no reason for them to suddenly become greedier just at the moment when consumer prices are rising. On the contrary, corporations generally compete by trying to lower their prices to undercut competitors.
But even if corporations did suddenly all decide at once, through coincidence or collusion, to raise their prices at the same time, this could not cause prices in general to rise. It would merely force consumers to make different decisions on what they purchase and what they do not. Consumers would pay the higher prices for those products most important to them, then the next important, and so on until they ran out of money. They would forgo those items lower on their value scales they could no longer afford, putting downward pressure on the prices of those products.
There are many other non-monetary arguments made for what is commonly called “inflation,” but they all fail for the same reasons as those analyzed here. There is no way to increase the price of one product without a corresponding fall in the demand for others unless new dollars are added to the economy. It’s the Fed, stupid.
BREAKING: Dr. Peter McCullough Joins Alex Jones In-Studio To Discuss Shocking New Developments Concerning The COVID-19 Injections
Monkeypox Vaccine Being Secretly Shipped Around The Country, Warns Trucking Company Owner
Alex Jones takes a call from a trucking company owner who’s warning that the monkeypox vaccine is already being shipped around the country ahead of the 2024 election. Tune in!
Monkeypox Vaccine Being Secretly Shipped Around The Country, Warns Trucking Company Owner pic.twitter.com/YYXep54UQr
— Alex Jones (@RealAlexJones) August 27, 2024
British Child Rapist Spared Prison To Save Space for Anti-Mass Immigration Protestors
A convicted child rapist in the UK got away with no jail time because prisons in the UK are overcrowded with the recently arrested anti-mass immigration protestors. Pedophile Ross Newman of Newport was convicted of […]
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