Episode 2133: Business In Europe Are Shutting Down, Energy Is Skyrocketing, The Bottom Is Falling Out And We Must Face Reality; The Growing Uniparty In Europe Has Created The Energy Crisis
00:23:27.780This is what a lot of Wall Street focuses on when we are looking at different asset classes.
00:23:34.760And the dollar started its monumental rate of change rise in January of 2021.
00:23:42.500And what's interesting about this dollar cycle and this rate hike cycle are a couple of months.
00:23:46.740First, this is the first dollar advance that's concurrently happened with commodities.
00:23:52.780That's never happened before, ever since we went on the petrodollar.
00:23:56.140Typically speaking, commodity cycles and inflation go up when the dollar goes down.
00:24:01.700That's because that's credit being created.
00:24:04.200This is the first cycle where that's occurred.
00:24:06.300And what that says to me is that even though there's a monetary phenomenon in inflation always, the policies of the Biden administration and the European Central Union are so disastrous that we're seeing this at the same time.
00:25:55.880We have a huge story from Bloomberg up on my Getter account about this huge margin calls now in the energy sector, in the derivatives and the futures market.
00:26:05.900And they're calling for, Norwegian companies are calling for a $1.5 trillion emergency bailout.
00:26:14.180Or they say these margin calls are going to put these companies out of business.
00:26:16.780You're going to see a wave of bankruptcies.
00:26:19.260You're seeing it in other sectors too, Ed?
00:30:14.120It's the second installment of my end of the dollar empire.
00:30:17.220And this deals specifically with some of the aspects Ed Dowd's talking about today.
00:30:20.320And that is the end of the dollar as the prime reserve currency.
00:30:24.900There's probably no thing outside of transhumanism, aspects of transhumanism, have a bigger impact in your life if we lose our prime reserve currency status.
00:30:36.900And with the radical members of the Biden administration, the incompetence of the treasury, and quite frankly, a federal reserve that's out of control, as Ed Dowd has documented, we're on that path.
00:30:48.960So I want everybody to get up to speed.
00:30:50.280And I realize this is particularly for laymen.
00:30:52.500If every time we talk about math, something like that, you get sweaty palms, this is for you.
00:30:57.740This is very important, not just for your personal life, but also for you understanding how your community runs and also your politics.
00:31:04.500We are shifting back to the 19th century in that we're going to get back into the politics of money.
00:31:10.720The populist movement and you in the audience have to understand what the Federal Reserve has been doing, have to understand what your government's doing to basically seize assets for the wealthy, because that's what it's been, and also to do rolling devaluations on you, the citizens of this country.
00:31:26.040So go to birchgold.com forward slash Bannon.
00:32:32.260It just took out the low from February on August 19th, which is a structural problem technically.
00:32:39.180So this is going to continue to careen lower in our estimation because, quite frankly, the real economy is imploding.
00:32:45.040We've got Europe closing down, literally closing down.
00:32:48.260I'm hearing reports of small businesses can't afford to get the lights on, literally.
00:32:52.180A small industrial complex is shutting down.
00:32:56.540This is happening, and the effect on consumer discretionary spending in Europe will be devastating.
00:33:02.940Basically, corporate earnings in the U.S. are about to explode.
00:33:06.820And the stock market had a nice little rally this summer, peaked out August 16th, and structurally it took out its August 2nd trading cycle low.
00:33:15.580And we're probably going to take out the June low and go a lot lower into the fall.
00:33:19.640This is looking like a disaster of epic proportions.
00:33:23.560And the real economy is bleeding, and the video game known as the stock market is about to follow pretty hard and pretty fast, in my humble opinion.
00:33:30.980Okay, this is what we're saying, is that these are all interconnected, but there is don't believe the happy talk.
00:33:38.260You've got to look at this reality, and that's what Cortez and Navarro are going to be back on today.
00:33:42.080Price is the last refuge of a scoundrel when it comes to this stagflation and recessions.
00:33:48.640If somebody comes in with price controls, that's what Europe's doing now.
00:34:43.000Okay, today you had a wet, as we call it, an anti-Brexit person that now fakes it as a Brexit person, become Prime Minister Peter, Heart of Oaks.
00:34:53.540But they're stepping into the middle of a firestorm.
00:34:57.440And I'm predicting the end of the Tory party as we know it in about six months.
00:35:06.860She's stepping into, this is Liz Truss, who's just come back as Prime Minister after visiting the Queen up in Scotland because the Queen is immobile.
00:35:16.720Liz Truss is back and going to give a statement outside Number 10 Downing Street as we speak.
00:36:08.500The reason we're focused on the UK is an example for our audience of what could happen here about establishment political leaders.
00:36:16.560The Tory party has just become the uniparty.
00:36:18.580I mean, they supported all these transitions.
00:36:21.240I mean, Boris Johnson today in leaving, and we'll have it cut for the afternoon, compares himself to Cincinnatus, the great general in the Roman Republic that retired and then came back from his plow to save the nation.
00:36:35.020And they bragged about they're going to be totally on wind power by 2030 or 50%.
00:37:11.440We are in a mess with our energy situation.
00:37:15.980We have, I think, a spare capacity of about 1.5%.
00:37:19.860So if everyone turns on their kettles in the evening, the lights go out.
00:37:25.480And Boris, his recommendation for fixing our energy crisis was go and buy a new efficient kettle.
00:37:32.140See, that was his way of fixing the massive hole that we are in.
00:37:36.300And on top of that, national identity, we have no patriotism left.
00:37:41.260The Conservative Party used to be the party that would hold up Britishness as an example to the world, as something to be proud of and achievement.
00:38:48.440Ben, I know we've got stories about Europe.
00:38:49.780We're going to have to get to those this afternoon or tomorrow morning.
00:38:52.480I want to ask you, given your knowledge, Boris Johnson squandered.
00:38:56.120Nigel Farage delivered Brexit and delivered a unified country and 100-seat majority to really make Britain great again and bring manufacturing back.
00:39:05.720And Boris Johnson immediately went to the Singapore and the Thames model that all the loveys in the Oxford-Cambridge crowd just love.
00:39:14.160I have never seen a country, this is actually where America is going to go with these policies.
00:39:20.520These policies have actually accelerated, not a managed decline, but the bottom is about to fall out of the UK.
00:39:29.120And she's wandering around talking about, I'm going to be Thatcher with tax cuts.
00:39:34.720Yeah, I think that the back of the Boris's government was broken by two self-inflicted wounds.
00:39:45.240One of them is COVID, the government's response to COVID.
00:39:48.240And the other one is the government's response to Putin's invasion of Ukraine.
00:39:53.440Both of them were pretty disastrous to the UK economy and suicidal rather than stabs in the back or murders on the Orient Express.
00:40:05.920This is akin to stabbing yourself in the eye with a blunt spoon.
00:40:10.140What I think, however, with this is I think, I have to say, once I call most politicians sociopathic overlords,
00:40:17.760and I consider them to be sociopathic really because they are unable to predict the second, third, fourth order consequences of their actions.
00:40:35.740I think Boris has played a blinder here.
00:40:38.160And I think he has manufactured this exit from number 10 so that his successor, in this case, the part he's chosen is going to be Liz Truss,
00:40:49.200will take two years of absolute pummeling because of the consequences of these two things, COVID and Ukraine.
00:40:58.100And he will, whenever people have short memories, he will come back.
00:45:34.520Okay, I need you to go to Getter, and that's because everybody comes on here.
00:45:38.740The contributors are all over it, from Ed Dow to Steve Cortez.
00:45:41.760It will increase your depth of understanding.
00:45:44.820And remember, no one's going to come to save us.
00:45:47.380You're going to save us, this audience, the populist movement.
00:45:49.740And the reason we put up on Getter and Mike Lindell's, all his shows stream on there, besides the Frank speech, is that it's a social media platform for all of us.
00:45:58.440Two breaking news stories we can't get to today.
00:46:01.500The New York Times admits, the Biden administration has admitted to the New York Times, there's one million illegal aliens in the country awaiting amnesty.
00:49:07.020You've been sending them back to us at castvoterecords.com.
00:49:11.260Oh, because we put up on our site, we always put up there, because this stuff's all being fought out, about what the machine guys say in these lawsuits.
00:49:19.740They said, hey, we can't come on your show but put the links up.