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The Recession We Had To Have

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Evening at Elizabeth St., Melbourne CBD

J.G. Olsen / Financial Expositor

Incredibly, local council meetings are reportedly being swamped with constituents expressing their anxiety about 15-minute cities, pandemic lockdowns and ever more extreme theories such as that Anthropogenic Global Warming is a fraud and that the government and media are running agendas originating in the United nations and Davos, Switzerland.

So much so that the University of Melbourne has come up with a training course for government agencies such as local councils, to manage and deflect what is officially called “disinformation” and “misinformation”.

Melbourne Uni Study

Like any government effort, if it fails, it is optimistically assumed that there needs to be more of the same. If you are in a hole, keep digging, undaunted and keep denying.

So we have yet another layer of administration added to our struggling economy, choking the productive while providing a comfortable lifestyle for the non-productive.

What could be more non-productive than a “Ministry of Truth”.

They are constantly telling us things are our fault, from the spouse murders through to inflation, but these are all the fault of government actions or inaction.

They are praying that interest rates go down while forcing them up with more and more desperate grants of largesse. They are making life easy for the opposition which is simply following the principle “don’t interfere with your enemy while they are destroying themselves”.

The broader media has finally caught on to the likelihood that there will be no interest rate cuts and more likely there will be rises, as soon as the Reserve Bank of Australia (RBA) dares. Some topics are so taboo for the legacy media that they have to bring in an unknown expert to introduce the concept, and that’s what is happening now.

Quotes from internet:

“The Federal Reserve announced at its May 2024 Federal Open Market Committee (FOMC) meeting that it would maintain the overnight federal funds rate at the current range of 5.25% to 5.5%”.

And:

“… warnings from one of 2023’s most accurate RBA forecasters that the central bank could soon be forced to hike the rate to over 5% – up from its current level of 4.35%”.

Normally the Australian rate is around 1% higher than the US rate, “to attract investment”, in other words we will pay extra to borrow more. Now it is around 1% lower. Presumably, this can only end in tears.

In Victoria, the debt for Premier Andrews infrastructure projects has blown up to somewhere around $30,000 for every man, woman and child in Victoria. This state debt could therefore be illustrated by saying it could be neutralised by taking every single car in Victoria off the road.

Meanwhile a visit to Melbourne’s premier tourist attraction, St. Kilda beach, will reveal a disaster area with nearly half the shop fronts vacant and Luna Park scaffolded after being fully renovated only a few years ago. Part of the business closure is the fault of the local council for closing the road and part is because of the lingering effect of the entire Covid-19 program. But most of the problem comes via federal government economic policy, which takes money from producers and gives it to non-productive workers such as regulators and administrators, who are over-represented in the economy.

There seems to be a will to keep adding administration until the system buckles and is nearly broken, while year after year shedding businesses, as if this was a game of house of cards, a sort of brinkmanship where more and more homeless, sleeping on the streets, are a sign of success.

In the US, the former president seems to have lost all fear of an assassin’s bullet, this surely can only be a good sign, we live in hope.

“Trump to set interest rates himself under secret presidential plan

Tim Wallace Sat, Apr 27, 2024

“Donald Trump ‘could let inflation rip’ if he wins the US election, economists fear.

Donald Trump’s aides have drawn up secret plans to oust the chairman of the Federal Reserve and allow the president to set interest rates, according to reports.

Allies are said to have drawn up a range of proposals for the way monetary policy could be run in a second Trump administration, including rolling back the independence of the central bank, which has been critical to the functioning of the economy and financial system in recent decades.

Supporters of the Republican candidate have compiled a 10-page document with a new vision for the running of the central bank and monetary policy, according to the Wall Street Journal”.

And:

“Michael Pearce at Oxford Economics said: “Any serious attempt to undermine the Fed would have a high risk of having the opposite effect. There are many examples from history where political pressure for lower rates has had the opposite effect and pushed the Fed to lean towards tighter policy than otherwise.”

“Even if interest rates did come down, financial markets would recognise the risk of higher inflation and charge the US government a higher borrowing cost to compensate. This would offset any anticipated boost to the economy”.

Anyone who can recall as far back as late 2016 will know that the market experts were predicting a Trump disaster and a stockmarket rout, but the reality was that the stockmarket rose and rose, until the experts finally ran out of puff.

“Charles Hepworth at GAM Investments said this rate of price rises would force Mr Powell to keep rates on hold.”

He said: “This is a level that hardly augers in early rate cuts.”

Interest rates, which stand at 5.5% in the US, are set to play a key role in this year’s election. Traders in financial markets have priced in just one cut for this year, most likely to come in November.

If that forecast holds true, the timing of the election means Americans will not benefit from lower borrowing costs by the time they go to the polls”.

Finance News

Meanwhile, we are being regaled with stories of daily occurrences of Russian hackers stealing data and syphoning funds from bank accounts. One type of identity security follows another in hot succession, and it seems they all fail. Eventually the currency itself will fail, especially of course if it spirals into hyper-inflation, which seems to be what the government in Victoria is trying to achieve on its own.

When all this happens people will flock to CBDCs with relief, the advantages of the CBDCs will include every feature and bonus you could hope for, such as free interest periods, bonus points, insurance, seamless travel and foreign exchange. Iris or fingerprint recognition will ensure your ID. The Reserve bank of Australia already handles passports so it’s just a small step away. Early adopters will enthuse. Given the choice of going broke, the last resistance will crumble. The CBDC will usher in a shining new dawn, which will last for a short while, not any longer than necessary, after which period the Globalist New World Order program will resume.

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34 COMMENTS

  1. Not a bad essay from Mr. Olsen, especially his comprehension of the role that government now plays in attempting to convince those still asleep, and as to what is actually occurring all around them, as simply being misinformation and disinformation, which is exactly what all governments today excel in.

    In other words, lying to us all in the assumption that not too many of us are now awake as to their one world agenda.

    I was disappointed to read that Mr. Olsen is still convinced that the ‘Great Reset’ is on track? Maybe, he has yet to come to appreciate what the BRICS financial system is achieving around the Globe, and away from the dying American Dollar, and in plain sight, for anyone who wishes to see?

    Klaus Schwab (WEF) is dead, and so is his ‘Great Reset’ more dead than the proverbial Dodo bird. His lieutenant, Noah Yuval Harari – and if ever there was a spawn of Satan, it is Harari – who has been Schwab’s mouthpiece for some years, is now desperately attempting to regain control of the WEF narrative, but like his deceased boss, he too will eventually pay for his crimes against humanity.

    Pay close attention to BRICS – it will be our lead into the Quantum Financial System which will become the financial salvation for all of humanity.

    We’re almost there folks! The pain that many of us have been feeling during this year of the Great Awakening is almost over, and nothing can stop what is coming.

    WWG1WGA

      • Terrance, much of time my optimistic view evaporates. As Dr Dunegan said… “Nothing can stop us now”… I fear the pysopsare making us feel like we’re going to be saved… but the outcome will be a planet prison and humanity enslaved… I dearly hope I’m wrong

        • Dee – I can tell you in all openness and honesty, that I am safe in the knowledge, that what I have learned over the past forty odd years gels with what the ‘Q’ movement has enervated in millions of folk all around this great big planet, since October, 2017.

          I see, that you are on the right road. A road that is so necessary for everyone to be on, if they wish to expand their own frequency from the third dimension, that this prison planet has kept us all in for thousands of years, and grow into the fourth and fifth dimensions, as we were all meant to be living in, at this time.

          Your future is unlimited if you choose, and can only be shackled by your own self-doubts.

  2. Dr Mike Yeadon – a career commercial life science researcher with a degree in biochemistry in toxicology, and a research-based PhD in respiratory pharmacology, former Vice President and Chief Scientist of allergy and respiratory research at Pfizer.
    I spent ten years as an independent, consulting to biotech as well as founding my own successful biotech, Ziarco, acquired by Novartis in 2017.

    Prior to 2020, I made no public comment about anything beyond my professional field of work.

    I started speaking out in 2020, because I could easily detect that what we were being told was lies, which have progressed to extraordinary crimes of massed, intentional harms to millions of people.
    One of only a handful of truth tellers regarding the COVID psyop.
    At 43′ he describes an encounter with God which gave him the strength to continue his commitment to exposing the scam and those responsible.
    A must watch.
    https://rumble.com/v4kc73l-dr-mike-yeadon.html

    • Sandra – Mike Yeadon’s warning is an honest viewpoint from someone within Big Pharma, who has concluded that Big Pharma is simply part of the Globalist Cabal, and as such, has no interest in keeping us ‘healthy’ or alive for that matter, or for much longer.

      We must begin to wean ourselves away from their poisons.

  3. Dear Sweet Fanny Adam’s🤪CONNIVING THING.
    Heard Kerry Cassidy today and she says all the politicians have agreed on a war to kill peasants.
    They are using up their old war machinery.
    Why?
    DEWS anyone! Everything they have used in the past is useless stuff.
    They have re-engineered alien stuff…. I presume. That is to be used for our war later against bad aliens. Hmmm💁 well Reagan stated how we would combine ((NWO ANYONE 💁)
    The Gaza canal and re-development on the schedule?
    All in, piss off the Garzanisns.
    Sweet Fanny, you are a real mischief!

    • Yes unbelievably I heard they are ready to do a canal through from Kuwait to over the north of Gaza so the whole Persian Gulf must be conquered which means Iraq. This will probably take so long none of us will be around to see the first EverGreen ship going through with all the organ donors on board.

  4. Stuff it all, I am aiming for the 17th dimension.
    Shall we have a chat in 200,000 years?
    Lots to talk about and RB, your shout when we meet over lizard tail soup.

      • https://www.openculture.com/2016/12/a-complete-reading-of-george-orwells-1984.html

        Was part of my school’s Matriculation /HSC curriculum 1959

        Summary: Chapter V
        “In Room 101, O’Brien straps Winston to a chair, then clamps Winston’s head so that he cannot move. He tells Winston that Room 101 contains “the worst thing in the world.” He reminds Winston of his worst nightmare—the dream of being in a dark place with something terrible on the other side of the wall—and informs him that rats are on the other side of the wall. O’Brien picks up a cage full of enormous, squirming rats and places it near Winston. He says that when he presses a lever, the door will slide up and the rats will leap onto Winston’s face and eat it. With the writhing, starving rats just inches away, Winston cracks. He screams that he wants O’Brien to subject Julia to this torture instead of him. O’Brien, satisfied by this betrayal, removes the cage.”

        yes subjected to this torture.

  5. With regard to the FED, this is straight from them (Chicago FED booklet) on modern money mechanics. Subsequent to being used as Exhibit A in court cases against banks foreclosing (wherein it is proven that no consideration was ever given by the banks hence no contract exists), it has become very difficult to find…..

    https://www.bitchute.com/video/wOfKqFL33KIm/

  7. Regarding the war against Iran – Persia for the new canal
    Looks like all of Israel is going to be 6uilt 6ack 6etter as the ancient prophesies were saying I believe at one point. The racial divisions are being whipped up on behalf of our overlords and we either hate Hamas or Israel, not realising that Hamas is a creation of Israel not of Gaza, refer Swiss Policy Research
    https://swprs.org/
    and also for the racial hysteria the Daily Mail covers it while also asserting a million “jews” died at Auschwitz, well if Daily mail says it then it’s good enough for me
    https://www.dailymail.co.uk/news/article-13387247/Outrage-pro-Palestine-activists-stage-Gaza-protest-anti-Semitism-March-Living-walk-Auschwitz.html

    • “asserting a million “jews” died at Auschwitz” – The actual records from Auschwitz indicates that 118 Jews were executed at Auschwitz (it was a work camp), although there were three months of records missing, so maybe the other 999,800 were disposed of in those three months. Oh wait, there were some 56,000 that died from typhus and another 2,600 that died from industrial accidents, heart attacks, etc. – Hmm, still a bit shy of a million.

      • Personally I have no idea at all but the number 6 million is hotly contested and the total war deaths is much more. These “jews” could have been rounded up using the informal yellow star method whereas on their ID papers they were German or Polish citizens.
        Daily Mail gets a bad rap from the competition and also gets hassled about certain things it prints, I look at it at least as much as any other M$M type of news site.
        More broadly on “jews” I think that what many people think is what they are supposed to think, that is there is a giant Jewish Conspiracy, this excuses everyone else. I contend that they are useful frontmen or even useful allies in any endeavour, they are hybridised on to the west and manipulated, look for example at the Biden administration, something around half, maybe more are “jews”, let’s define them as Israel Dual Citizens. This means if, and worst case when, the Biden admin wheels fall off, the old man pardons everyone then dies and the jews flee to the protection of Israel as planned. There are so many they probably have a Lear jet on standby.

        • “Ros Childs” reading the ABC-TV news every day for years or decades, it’s the Globalist idea of a joke, we will think what we are supposed to think.

      • Genocide and Torture Degradation and Evil.

        https://encyclopedia.ushmm.org/content/en/article/genocide-of-european-roma-gypsies-1939-1945
        “Approximately 21,000 of the 23,000 Roma and Sinti sent to Auschwitz died there.
        GENOCIDE OF EUROPEAN ROMA (GYPSIES), 1939–1945

        Zigeunerlager in Birkenau existed until August 2, 1944. That evening, the approximately 4,2-4,3 thousand men, women, and children left in the camp were loaded onto trucks and driven to the gas chambers. The prisoners attempted to resist, but the SS crushed their opposition brutally.

        Eyewitness accounts speak of the desperate attempts by Helene Hannemann, a German woman whose husband was a Gypsy, to save her life. She supposedly obtained a personal promise from Dr. Mengele that she and her five children would be spared. When SS men searching the abandoned camp found them in the Kindergarten barrack, they offered her a chance to go free on the condition that she leave her children behind. The disconsolate mother refused, and died with them in the gas chamber.

        The so-called Main Gypsy Book (Hauptbuch), saved by Polish prisoners assigned to work in the scribe chamber, contains the names of about 21 thousand Sinti and Roma imprisoned in Auschwitz. It is an invaluable source of information about the extermination of the Sinti and Roma there. An exhibition commemorating the destruction of the Sinti and Roma as well as explaining a particular dimension of the Sinti and Roma genocide in Nazi occupied Europe is located in block 13 on the grounds of the Auschwitz-Birkenau State Museum, and there is a monument commemorating the Sinti and Roma victims at the site of Birkenau sector BIIe.

        https://www.dw.com/en/75-years-ago-nazis-carry-out-mass-murder-of-sinti-and-roma-people-in-auschwitz/a-49874353

        On August 2, 1944, more than 4,000 people were gassed to death in Auschwitz. The Nazi genocide of Sinti and Roma in Europe still affects many lives today, says historian Karola Fings.”

  8. Israeli Mossad Motto: “By deception thou shalt do war”

    https://tobefree.press/2015/09/17/israeli-mossad-motto-by-deception-thou-shalt-do-war/

    Talmud Encourages Jews to Deceive Non-Jews — “Pretend to rejoice with them in order to hide your hatred” — Talmud denies the Gentile status as a “man,” so they are also excluded from being the Jews’ neighbor

    “Greater Israel”: The Zionist Plan for the Middle East — DISSOLUTION of all existing Arab states: Iraq, Lebanon, Egypt, Syria, Iran, Turkey, Somalia, Pakistan, Egypt, Sudan & Libya — USING US, Turkey, Saudi Arabia and NATO

    (video) 9/11, Israel & the Mossad – Christopher Bollyn with Sean Stone

    (video) Solving 911 Ends the War – Christopher Bollyn 2015 — Talmudic Jews really did do 9-11!

    (HD Video 2015) Solving 9/11 Christopher Bollyn Live in Dallas TX Feb 12, 2015 — Israeli hardline Zionists named • Powerful Powerpoint presentation!

    (video) “Zionism and Christianity: Unholy Alliance” – real-history, full-length film by Ted Pike — “They [pastors] were supposed to be WATCHMEN on the wall, yet they failed to utter even a hint of warning”

  11. Australia may or may not have had to have Keating’s recession but the country didn’t have to become the banana republic he helped create.

  12. Well the Vic government has delivered their budget today including a large magic pudding in the form of projected foreign students who will pay the interest bill on all the money, this is turning into a mix of a Ponzi scheme with a starving man cutting off his legs one by one to eat them. Elbow’s government dept led by WEF star Claire O’Neil wants shut down students because of the housing crisis so maybe they can come to a compromise – more homeless

    • The Zionists are whipping all this up like a meringue cake, it’s very ugly, not for those with weak stomachs. In the end there will be so much hate engineered that there will be unlimited numbers of useless eaters eradicated and concurrent very strong arms sales. In Australia we are told the CCP army dropped some flares near an Australian helicopter blockading North Korea so we need to spend more money on defence.

  15. The RBA and the ATO are owned by the owners of the corporation called “The Commonwealth of Australia”, registered with the United States Securities and Exchange Commission
    .
    .
    The Nation’s Credit: Senator Richard Darcey, 1941 ( ALP, Tasmania)
    “…………………On one occasion I told honorable senators that the people who sent us here are under the impression that the 111 members of Parliament in Canberra comprise a national government engaged in the task of ruling Australia. I have told the people repeatedly that their assumption is entirely wrong and that Australia is governed by the associated banks.

    Under the present system no government, can carry on its functions except by continuing the policy of borrowing. The only way to pay the ever-increasing interest bill is by borrowing still more. All money comes into existence through the banks in the form of a debt. That is why we are called upon to pay such tremendously high taxes to-day.

    I have spent a considerable part of my life expounding my financial theories to the people, hoping that they will some day realize what a racket is being put over them under the present financial system, and that an obligation rests on the shoulders of every member of this Parliament to scrap it…………………”

    https://alor.org/Storage/Political_Democracy/Political%20Democracy%20Archives.htm

    “……..That is what I mean when I refer to corrupt governments. Any one who sacrifices the interests of the people for the benefit of profit-makers is a traitor. He is the fifth columnist of to-day-the enemy inside our gates.”

    Senator Richard Darcey Hansard 12 November 1941

    Winston S. Churchill — ‘Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing had happened.’

    • My understanding is that the RBA is owned by other banks and the “legend” that the Commonwealth of Australia in one form or another gets dividends, is just a fantasy, the interest ends up in various banks and Switzerland.
      Considering the RBA was split out of the people’s Commonwealth Bank it should be public knowledge who gets all the dividends. Was it split out or was it stolen ???

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