Oct 13 • 18M

TR 218 - Too Hot to Handle

How historic inflation is fanning the flames of an economic meltdown.

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Luke Throop
Intelligent views on global news.
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That stings.

Reports are out today indicating that inflation continues to soar at 40 year highs and food prices are clocking an eye-popping 60% increase since 2020. Mortgage rates are the highest they’ve been in 20 years, which experts predict could hammer the housing market down another 20% over the next year.

In the U.S., the cost of electricity has shot up 16%, the price of natural gas has increased 33%, and average tank of gas has gone up by 20% over the last year, according to the Bureau of Labor and Statistics. Despite this brutally harsh reality, Joe Biden is still trying to convince people that what’s happening isn’t really happening.

In June, Biden tried to sell Americans on the idea that inflation was good for the environment. In July, Biden pitched the falsely named Inflation Reduction Act as a way to make corporations pay their “fair share” in order to “tackle the climate crisis and improve our energy security right away”—all the while denying the fact that our economy has been in a recession since February (more technically since July).

In August, Biden was so bold as to claim there was ZERO inflation in July.

But that was just another smack in the face.

And it stings.

Each times we spend almost $100 to fill up the gas tank, it stings. Each time we drop $100 to grab a few groceries, it stings. When everything from property tax bills to utility bills continues to spike higher and higher, it stings. Yet, despite this real world sting, the sock-puppet-in-office gives us the following assurance:

“That doesn’t sound like a recession to me.”

To quote our fearless leader:

“C’mon man!”

Obviously, the fact the current economic reports have come in worse than expected doesn’t bode well for Democrats ahead of the midterms. Neither does the fact that stock market has been getting hammered all year long (S&P 500 down over 23%), and economists are indicating that we’re nowhere near the bottom of the Grand Finale.

Even more ominously, the uber authoritative IMF—the International Monetary Fund—has just announced to the world that “the worst is yet to come.”

So yeah. Depending on who you ask, things are great. Nothing to see here. Moving on.

This is all part of the plan.

What’s important to keep in mind is that in order to institute a global digital currency, independent economies have to collapse—or come very close—in order to justify the transition. The U.S. economy does not function in isolation the dollar’s status as the world’s reserve currency is more tenuous than ever before. Things are dicey.

As noted in TR 162 - Tanks, Banks, & Biden’s Blunder:

Make no mistake, this is all part of the Great Reset. Why the economic collapse? Because total control requires a new central currency, what global elites have dubbed Global Digital Currency. All the bankers are in on it, including Fed Chair Jerome Powell, who said just last month:

"Looking forward, rapid changes are taking place in the global monetary system that may affect the international role of the dollar in the future. Most major economies already have or are in the process of developing instant, 24/7 payments. Our own FedNow service will be coming online in 2023."

As record high inflation continues to destroy the value of the dollar and tumbling markets continue to wipe out retirement accounts, even Vladimir Putin has noted that it appears "some global currencies are committing suicide.”

You can hear it from the horse’s mouth here:

So, where does that leave us now?

Well, the BRICS, Brazil, Russia, India, China, and South Africa, are already working together to create a new world reserve currency that aims to wrest financial control from the hand of the U.S. Fed, the IMF, and the rest of the global banking cabal.

India is set to start testing out the spiffy new E-Rupee (their version of a CBDC), citing China as an inspiration and claiming the new technology will significantly boost their economy—even as the U.S. and China are locked in an economic war.

And we have our own Fed acknowledging the tectonic shift that’s underway, the world’s largest asset manager declaring that the Ukraine situation is accelerating the transition to digital currencies, and the Biden administration’s Executive Order 14076 titled Ensuring Responsible Development of Digital Assets—signed March 9th, 2022.

Put it all together and shake it up bit, and what do you get?

The death of the dollar.

Like so many things that have happened over the last three years, the thought of it seems impossible. We cannot comprehend what that means or what it might look like. Realizing that all of this—the systematic destruction of the economy and our entire way of life—has been in the works for years, provides little consolation.

The only way out of this, is to get through it. At this point we cannot stop the transition to digital currency any more than we can stop a nuclear war. What we can do, is understand what’s happening and why—and what it means in day-to-day life.

What’s happening is that the global cabal is looking to institute digital currency at the international level to further increase their grip on the world’s economy. Why? They’re selling humanity on the idea that this will save the planet, but ultimately it’s just another maneuver to consolidate power and control.

How this affects day-to-day life remains to be seen.

At first, in the best case scenario, the digital transition will be smooth. It’ll be just about as easy as one bank buying out another, or the central government depositing money directly into accounts, or simply canceling private contracts (i.e. student loans) with the simple stroke of the button. Digital currency will just make all of this easier.

Daily activities like filling up the tank or shopping for groceries might not look much different, aside from the fact that your cash will be trash and will no longer be accepted as legal tender. That means you’ll have to use your newly issued digital currency card, which will no doubt we tied to your new digital identity.

Of course, cards carry disease and plastics are bad for the planet, so sooner than later this new digital currency will have to be transacted via an app on your phone or a chip under your skin. This will usher in an era of ultra efficiency that reduces the spread of disease and makes easier for everyone to conduct transactions everywhere.

At least that is how it will be sold.

With the new digital currency in place and fully integrated into the global surveillance network, the government will be able to put a stop to illicit transactions. They’ll be able to stop the funding of terrorism. They’ll be able to stop the funding of extremism. They’ll be able to stop the funding of anti-democratic activities that threaten peace and stability. They’ll be able to stop the funding of environmental abusive businesses. They’ll be able to stop illegal and unregulated trade.

In other words, they’ll be able to stop the flow of money at will.

What could go wrong? Penalties, fines, garnishing wages, and extracting taxes will have never been easier. With this sort of leverage, compliance will skyrocket. At that point, you can either go along to get along—or you can go to bed cold, hungry, and completely ostracized from civil society. Besides being evil, it’s a brilliant strategy.

All that said, though we’re getting there fast, we’re not there yet. We’re still in meltdown mode. As the economy continues to tank and inflation continues to soar, the American people are all but destined to feel more pain.

Pain makes people pliable.

Though the majority of people may be unlikely to accept the transition to digital currency today—because they’re too comfortable with the way things are—the cabal is orchestrating this transition by ratcheting up discomfort until the peasants cry out for change… and that is a day that is fast approaching!