Quinn: They Know What's Coming, Because They Planned It...
Authored by Jim Quinn via The Burning Platform blog,
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency involved.” – Ludwig von Mises
“The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.” – Ludwig von Mises
Anyone living in the real world of commuting to a job, buying groceries, paying rent, filling up their gas tank, paying utility bills, paying property taxes, and generally trying to live an honest hard working life with a couple weeks of vacation per year, knows they are being fed a load of bullshit by the Trumps, Bessents and Warshs of the world. They are spinning false narratives, faking the economic statistics, lying to you about how dire our economic situation is, and above all, spending and printing fiat at hypersonic speed in a desperate attempt to give the appearance of normalcy, when in reality we are living through the most abnormal, corrupt, degenerate, dangerous period in history.
This normalcy bias is employed by the vast majority of dumbed down, I-gadget addicted, debt enslaved, mRNA jabbed, zombie-like consumers, as they shuffle through their daily existence believing the propaganda shoveled at them 24/7 on the boob tube and their social media accounts, by billionaire oligarchs, corrupt politicians, captured media talking heads, and the invisible government pulling the strings to manipulate their thoughts, decisions, and false beliefs. As a born cynical skeptic, I no longer believe anyone or anything. I’m real fun at parties.
As our national debt surpassed $40 trillion last week and has been accelerating at a rate of $13.4 billion per day (annualized rate of $4.9 trillion) since July 1, the only analogy I can make is the final scene of Thelma & Louise when they purposely drive off a cliff into the Grand Canyon, rather than face the consequences of their actions. But, in my daily existence, the people at the gym, drugstore, and grocery store seem happily oblivious to the extreme danger we currently face as citizens of a dying empire, intent on going out with a bang. We are accelerating towards an economic meltdown, inflationary financial collapse, and possibly global war, and no one seems to care or acknowledge reality.
It’s almost as if the 270 million sheep, who allowed themselves to be injected with a Big Pharma toxic gene altering poison, with little critical thinking skills to begin with, have been rendered deaf, dumb and blind to the machinations of their overlords as we spiral towards collapse. It seems only 5% to 10% of the population have the proper critical thinking skills, distrust of the government, ability to do math, comprehension to understand history, and courage to tell the truth and act rationally, in an irrational, perverted, debased world, built on debt, delusions, and denial. It makes me sick to my stomach observing the cowardice, corruption, and degradation of the pedophile elites who wield the power in our society, leading the sheep to slaughter and the world towards catastrophic ruin.
The government continues to propagandize the masses with their massaged, manipulated and made up statistics showing a steadily growing economy, relatively low inflation, and historically low unemployment. Trump and his lying minions consistently point to the stock market at all-time highs as proof everything is great. It is great for Trump’s family of insider trading grifters, his billionaire banking buddies, the congressional scum sucking snakes becoming multi-millionaires on a $175,000 salary, and all the toadies in the media pretending this everything bubble isn’t due to printing $3 trillion per year as the only crutch for this Potemkin village of debt, created by our Deep State overlords and their highly paid apparatchiks.
Even though the propaganda outlets: CNBC, CNN, Fox, MSNBC, among others, are compensated gloriously by Big Pharma, Big Banks, the Military Industrial Complex, and Big Corps, to lie, obfuscate and mislead the masses, one only needs the most basic of math skills and understanding to see what is really happening in this country. Is it a sign of a strong vibrant economy when credit card delinquencies are at a 15 year high, student loan delinquencies are at a 6 year high, and auto loan delinquencies are at an all-time high? And this is before the real pain of a recession takes hold. This chart reveals immense pressure on average Americans who don’t have the benefit of insider trading tips from Trump.
Hysterically, mouthpiece for the Wall Street cabal, Bloomberg declares the all-time low in the savings rate is because the masses are making a killing in the stock market, so they no longer need to save. In reality, the average American household, making $83,000 per year, is only saving 2.7% per year because their government is spending over $7 trillion per year, while the Federal Reserve is printing trillions and conducting stealth QE, creating a massive inflationary headwind.The cumulative inflation over the last 10 years, even using the massively massaged CPI, is 39%. In reality, it is up well over 60%. Average worker pay has risen by only 45%.
Only in a warped, debt saturated, consuming society would this be seen as normal. In a normal, healthy economy which produces more than it consumes, the savings rate would be 10%, like it was from the 1950s into the 1990s. People are not saving because there is nothing left to save. When credit card debt sits near an all-time high of $1.26 trillion and the average person has a $6,600 revolving balance accruing at 22% interest, the savings rate makes sense. The average American is deeply in debt and barely surviving.
Among the vast plethora of phony government statistics, the unemployment rate is one of the most manipulated fake data points in history. It has no relation to the real 25% unemployment during the Great Depression. The current reported unemployment rate of 4.1% is a bad joke, completely falsified through the manipulation of the labor force figure by government drones at the BLS.
Only a triple jabbed, BLM supporting, Fauci fan believes the labor participation rate is currently at the same level as it was in 1974, before the overlords initiated the destruction of traditional families by forcing women into the workforce in mass through inflation, feminist falsehoods, and non-stop propaganda about girl power. They have purposely under-reported the actual civilian labor force to drive down the unemployment rate. The labor participation rate is far above the reported 61.4%.
At the turn of the century the labor participation rate was 67.5%. It drifted slowly down to 66% before the Federal Reserve/Wall Street cabal created great financial crisis. This is where faking it until making it went into high gear. The Boomer retirement false narrative was used as the participation rate plunged to 62.5%, far greater than the Boomer retirement pace. Millions simultaneously became disabled and began collecting Social Security. The labor participation rate actually increased to 63.3% just before the Covid scamdemic was rolled out in early 2020. If you analyze the actual numbers, the ridiculousness of their manipulation model reveals the falseness of their numbers to mislead the masses about the strength of our economy.
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In January 2000, the working age population was 209 million, with 141 million in the work force. Today, the working age population is 275 million, with only 169 million supposedly in the work force. The population is up 66 million (+32%), while the workforce increased by a minuscule 18 million (+20%). There are now 106 million working age Americans supposedly willingly not working. This is untrue. Millions would be working if there were decent paying jobs to be had.
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There are 1 million less people employed today than one year ago, but amazingly the BLS drones want you to believe the unemployment rate dropped from 4.3% to 4.1%. Meanwhile, 2.8 million people must have made millions on AI stocks, laying bets on Draft Kings, or getting insider tips from the White House. They did not leave the labor force. They are unemployed.
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The BLS fantasy statisticians actually pretend you are not in the labor force if you give up looking due to not being able to land a job. We are to believe that with 275 million able bodied adults, 162 million are employed, with 28 million working part-time, 9 million working multiple jobs, 16 million “self-employed” and 22 million pretending to work in government offices and funded by taxpayers.
The labor participation rate, at a minimum, should be 63%, with a more realistic level of 65%. This would put the actual unemployment rate at between 6.7% and 9.9%. Anyone who isn’t brain fogged from the jab knows the unemployment rate is closer to 10% than 4%. Does default rates near highs and the savings rate at lows jive with a 10% unemployment rate or a 4% unemployment rate?
The Ludwig Institute for Shared Economic Prosperity created a realistic measure of true unemployment which includes not only people who are unemployed and looking for a job, but also those who are involuntarily working part-time and who are earning poverty-level wages, or less than $26,000 annually before taxes. This “functional unemployment rate” is currently 24.9%, which jives nicely with the Great Depression level of 25%.
The 4% unemployment rate is as believable as the 3.4% CPI reported by the BLS drones, when everyone knows inflation is raging at 8% to 10%. Proof of the government faking these numbers is so blatant when they try to convince you health insurance costs have dropped by 33% in the last four years. Meanwhile, the median 2026 premium increase across all “Affordable” Care Act health insurance plans was 20%, and insurance companies have requested a median premium increase of 14% for 2027.
The world is cyclical in nature and human beings have a tendency to make the same mistakes over and over. Warsh and his central banker co-conspirators can talk tough about inflation, but it has been above their 2% target for the last 65 months, and they are doing the opposite of what would be needed to drive inflation to the 2% level. In fact, with the fiscal mismanagement of the country’s finances, waging wars across the globe, and nothing but $2 trillion to $3 trillion annual deficits for eternity, the bond market is ignoring the lies of Warsh and Bessent and dictating the path of long-term interest rates. It is very likely we will experience a replay of the late 1970s and early 1980s, except our debt is $40 trillion today versus $900 billion in 1980. Warsh is no Volker, and doesn’t have the balls to do what would be required.
The facade is crumbling and the bond market is going to hold the profligate politicians and the Wall Street owned central bankers accountable for what they have done. Their job has been to enrich the oligarchs and impoverish the peasants, and they accomplished their mission, pushing the country into an abyss with no hope of recovery. The 30 year Treasury just reached the 2007 peak at 5.27%, but in 2007 rates were headed lower and the national debt was less than $9 trillion. Today, rates are headed higher and the debt is $40 trillion and headed much higher. It’s a recipe for disaster.
The falsehoods and fabrications are running hot and heavy as we accelerate on the road to perdition towards a catastrophic denouement. Trump, Bessent, the Wall Street cabal, and their mouthpiece media (Axios, Fox, CNBC, etc.) are desperate to make you believe the Strait of Hormuz is open, oil is flowing freely, the impact on prices is minimal, and Iran is on the brink of collapse. Grand announcements about more sanctions, after we have had non-stop sanctions for 47 years against Iran, is comical. Bessent, the sodomite, thinks his bloviating bullshit and threats can move the markets in the direction he chooses. Look at the results, so far.
Barak Ravid, the CIA/Mossad Israeli plant at Axios, and Trump’s chief propaganda mouthpiece, dutifully reported the lies about 40 tankers exiting the Strait of Hormuz Friday night, with his source as unnamed “U.S. Officials”. This was then followed up with fake headlines declaring a 400% increase in traffic through the Strait, designed to drive the price of oil lower. All lies. Neutral sources, using satellite imagery, show very little traffic through the Strait of Hormuz. Does this look like “traffic exploding by 400%”. They keep talking and the oil tanks keep emptying. When the reality overwhelms the false narratives, the price of oil will explode.
It seems both Biden and Trump do not understand the definition of STRATEGIC. They have both drained the U.S. Strategic Petroleum Reserve totaling 327 million barrels during their terms for the sole reason of winning elections by artificially lowering the price of oil. The reserve is now at the same level as it was in 1982, when U.S. oil consumption was 15.3 million barrels per day, versus 20.6 million barrels per day now.
Even worse, Trump isn’t using the reserve in the U.S. He is selling it to foreign countries. That doesn’t sound too strategic to me, but this is the same guy who is going to import toxic Argentinian beef to undercut U.S. ranchers in order to win the 2026 mid-term elections. The SPR, stored in salt caves, is reaching levels where it can’t be effectively pumped. We have just over a month before the true bottom.
As Bessent ramps up his lying campaign to keep bond yields from reflecting the reality of our current and future economic quagmire, Kevin Warsh, the self proclaimed inflation fighting hawk, continues to flap his gums, while actually contributing to the inflationary fiasco. If a Federal Reserve chairman really wanted to squash inflation he would be raising short-term rates, reducing the Fed’s balance sheet, and using his influence with Wall Street banks to make it more difficult to lend money to consumers and the AI bubble corporations.
Warsh is trapped because if he does what he should do, the AI/Data Center financing circle jerk will implode and crash the stock market, making his Wall Street owners and Trump very angry. So instead he is actually exercising QE by expanding his balance sheet by $224 billion, while not raising short-term rates, and funding the $3 trillion deficit, the Iran/Ukraine war, and the AI bubble. Fed chairmen will always choose printing to pulling away the punch-bowl while the party is roaring. The rich get richer and the middle class is buried under a tsunami of relentless never ending inflation.
Kurt Altrichter explains just how easy the Fed and their owners are acting when it comes to credit, as we enter the crash zone. Everyone is going to keep dancing until the music stops, just as they were doing in 2007.
“Bloomberg’s index of how easy it is to raise money across stocks, credit, and rates just closed at the easiest level in its 35-year history, looser than 2021 and looser than the dot-com peak. This is the liquidity holding stocks, gold, and credit near records all at once. Conditions this loose have never lasted. When they tighten, the most leveraged trades, AI and credit, unwind first.”
The easiest financial conditions in history always leads to bubbles. We are in the midst of so many bubbles simultaneously, it is just a matter of time before the needle comes along and pops them quicker than an athlete collapsing from myocarditis after a Pfizer death jab. The stock market is now more overvalued than it was at the 1929 top and the 2000 dot-com top. Jim Cramer and his fellow boobs and bimbos on CNBC will never warn their non-thinking day trader audience about the imminent collapse of this debt driven bubble. There is a reason Berkshire Hathaway was sitting on $400 billion of cash in the first quarter. The market is 50% more overvalued than it was in 2008 before the last Fed induced financial crash. Winter is coming.
One year ago there was very little talk of data centers or AI, as the climate change and DEI narratives were still being regurgitated by the legacy media and the woke social media arms of our beloved overlord Epstein class. Suddenly, in 2026 the “need” for thousands of ginormous power sucking, aquafer draining surveillance centers (aka data centers) was essential to the future of our country, even though we seem to be functioning fine without these nature destroying monstrosities. One moment Bill Gates and his ilk are telling us cow farts are destroying the planet, the next moment these surveillance centers using more electricity and water than exists in some states are perfectly fine and essential.
And the dumbed down masses don’t even question the demands of these globalist billionaire totalitarians who have already killed millions with their covid jab genocide. These data centers do not benefit the average person in any way. The narratives are false. The electricity to power them doesn’t exist. The water to cool them does not exist. The entire AI scam bubble is exactly like the internet dot-com bubble. The bloated defense budget of nearly $1 trillion is about to be surpassed by the capital spending (all financed with debt) of just four companies: Google, Amazon, Microsoft, and Meta. It’s a race to win the AI war. But it will result in another financial debacle, with the Magnificent 7 and those financing this bubble begging for a bailout. And they will be bailed out at your expense.
With Nvidia, OpenAI, Anthropic, Palantir, Flock, among many others loaning each other money to buy each other’s products and recording it as revenue, you should be getting an Enron/Worldcom vibe. The IPOs are coming hot and heavy, enriching the hucksters at the top, but once the financing fraud unravels, the stocks will collapse, bankruptcies will follow, and billions of square feet of rotting data center skeletons will be left in communities across the land.
It’s always a good idea to see what the corporate executives of the biggest corporations are doing, versus the narratives they are spinning on CNBC. With corporate profits at all-time highs and the stock market marching relentlessly higher, for some reason the corporate executives who know the truth about their companies sold $77 billion of their stock, a 20 year high (excluding covid). That is surely a sign of good times ahead. Right? Previous peaks in insider selling proceeded market tops and the crashes that followed.
It’s good to be the kings. These corporate insiders didn’t get into the top 1% by being dumb. The top 1% wealthiest households surpassed the wealth of the entire middle class in 2023 and have continued their acceleration upward, as they own most of the stocks and real estate in the U.S., which has appreciated rapidly since 2023. It’s funny how the middle class started losing the battle after the great financial crisis and their free-fall has not abated. When the Fed, Wall Street, Epstein class and the DC swamp all conspire against the middle class to enrich themselves through monetary and fiscal corruption, the ground work for revolution has been laid. Once this debt saturated shitshow implodes and the middle class is left holding the bag again, fireworks should commence.
You know you’ve crossed the Rubicon economically when interest on the national debt has surpassed our humongous war budget, and you need to issue more debt to pay the interest. With annual interest already exceeding $1.24 trillion and headed towards $1.4 trillion next year, you can understand Bessent’s spasmodic gyrations in keeping rates from exploding higher, as they should. If the 10 year Treasury was 6% and 30 year Treasury was 8%, where they would be in a free non-manipulated market, interest on the debt would be closer to $2 trillion per year and it would be game over for this declining empire of debt.
I’ve painted a dark picture, but it is a true picture based on unequivocal facts, not some nonsense narrative spun by liars, thieves, and pedophiles. When you see the Chinese central bank add 60 tons of gold in the 1st six months of the year, bringing their three year accumulation to 14 million troy ounces, along with central banks across the globe increasing their gold holdings, you can discern there is trouble brewing and countries are positioning themselves to survive whatever conflagration the American empire ignites during its ongoing death throes. Bessent’s economic warfare against China, Russia, and dozens of other countries across the globe will only add gasoline to the fire consuming this crumbling empire.
When you step back and observe the insanity consuming our world, you have to ask yourself whether this is really due to mind numbing stupidity and incompetence on the part of our leaders or due to a master plan by the new world order satanist pedophiles to purposely destroy western civilization and its financial underpinnings, which had allowed a vast proportion of the planet to rise out of poverty into the middle class. I do believe the globalist oligarchs are evil, arrogant, narcissistic, and diabolically power hungry, but I don’t believe they stupid and incompetent.
Therefore, I must conclude every seemingly preposterous act by our hand picked puppet politicians, their bureaucrat apparatchiks (Cabinet, FBI, CIA, DOD, DOJ), Wall Street financiers, central bankers, activist judges, and global organizations like the WHO, WEF, NATO, UN, and thousands of NGOs controlled by billionaires and surveillance state organizations, are part of the plan to depopulate the planet, impoverish the survivors, create a totalitarian electronic surveillance state, and control the peasants through CBDCs, mandated digital IDs, and social credit scores, which will restrict your opinions, movement, and ability to make a living and feed yourself.
When you grasp the almost incomprehensible malevolence of their end game, you begin to understand the seemingly insane choices being made on our behalf by those pulling the strings of our political, financial, and social institutions. The developed nations of the world have cumulatively added $100 trillion of debt since 2020, even as the demographics of their countries are incapable of servicing that debt. To exacerbate this recklessness, they all simultaneously flooded their countries with third world savages in order to overwhelm their social welfare systems and tear apart the social fabric of their societies.
The planned and coordinated covid plandemic, which successfully forced 70% of the global population to be injected with a toxic, gene altering, cancer and myocaditis causing death potion, has accomplished more than our overlords could ever imagine. It proved Huxley’s supposition that the slaves would come to love their servitude. Even as turbo cancers, heart attacks, and other issues created by the spike protein damaging their bodies, the vaxxed refuse to believe they were poisoned by their own government and medical establishment. The vaxxers still worship Fauci, even though his own texts and emails prove him to be a mass murderer. This phase of the depopulation agenda is underway and will ultimately eliminate hundreds of millions from the gene pool.
When Russia and Ukraine were about to conclude a peace agreement in March 2022, Boris Johnson was sent to Zelensky by his globalist controllers in order to insure the war would continue and expand. Four and a half years later, the US/NATO continue to wage their proxy war against Russia in an effort to weaken Putin, drive the price of oil and natural gas higher, exacerbate the global food crisis, and goad Putin into starting WW3.
The U.S. sneak attack of Iran, under the false pretenses of an imminent development of nuclear bomb by Iran, on behalf of Israel (because they have incriminating info on Trump from the Epstein files), has accomplished the feat of creating a global economic catastrophe, with soaring oil prices, and shortages of fertilizer, natural gas, diesel, and rare earth minerals necessary to produce the technology needed to run our world.
When you see Trump and his minions sanctioning the world, while threatening tariffs, kidnapping presidents, manipulating the oil, stock, and bond markets, you come to the realization Trump has been installed to initiate the global collapse, which they believe will usher in the final solution for the pesky peasants consuming too much of the world’s resources.
Once the economic and financial collapse wipes out the remaining wealth of the middle class, the masses will be clamoring to be saved by their overlords, who will “generously” provide their CBDC “solution” to the collapse they purposely created. The collapse is baked into this cake made of debt and there is no avoiding the disastrous outcome. They will solidify their stranglehold on the global wealth, increase their control over resources, and force the masses into their techno-gulag.
If you don’t sense the extreme acceleration towards this dark dystopian future, then you aren’t paying attention, are trapped in your cognitive dissonance, or are one of the highly paid henchmen promoting the new world order headed our way.
The almost desperate roll-out of thousands of data surveillance centers is because their techno-gulag world will require almost unthinkable data processing power to track every person on the planet; record our movements, spending, social media interactions, and conversations; and dole out punishment (disabling your auto, disabling your credit cards, freezing your bank accounts) to the dissidents (formerly known as conspiracy theorists and anti-vaxxers). The rapid roll-out of flock cameras across the country is a key component of their techno-gulag plan. They want to have the technology in place before the financial collapse. It’s a race to the finish.
Knowing we are in the final phase of this Fourth Turning should have given me an idea of how bad it would get, but the realization of how malicious, immoral, and satanic the Epstein pedophile class is proving to be, is stunning to behold. We are in the midst of an existential battle against diabolical evil for the future of humanity. Losing will mean an end to the freedoms and way of life we have experienced for 250 years.
Sixty years ago Carroll Quigley revealed the invisible hands controlling the system, and now they are pulling out all the stops in implementing their plan to make sure we own nothing and they own it all. We are experiencing the tragedy. Hope won’t be enough to win against such a determined enemy.
“The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the worlds central banks which were themselves private corporations. Each central bank…sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent economic rewards in the business world.” ― Carroll Quigley, Tragedy and Hope: A History of the World in Our Time, 1966
If you want a future for you children and grandchildren, you will need to step up now and do whatever you can to throw a monkey wrench into the gears of their data centers. Good luck and Godspeed.
We publish a variety of perspectives. Nothing written here is to be construed as representing the views of ZeroHedge.
Tyler Durden
Thu, 08/27/2026 - 16:20
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Chinese Premier Zhu Rongji poses during a working session at the Europe-Asia summit in Copenhagen, Denmark, on Sept. 22, 2002. Gerard Cerles/AFP via Getty Images
Former Chinese Premier Zhu Rongji at a meeting in Beijing in July 2011. Feng Li/Getty Images
U.S. President Bill Clinton (R) responds to a question as Chinese Premier Zhu Rongji looks on during a joint news conference in the Old Executive Office Building in Washington, on April 8, 1999. Tim Sloan/AFP via Getty Images
More than 10,000 Falun Gong practitioners gather on Fuyou Street in Beijing on April 25, 1999. Courtesy of Minghui.org
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Alberta Premier Danielle Smith speaks at the Canada Strong and Free Network in Ottawa on Thursday, March 23, 2023. (THE CANADIAN PRESS/Sean Kilpatrick)
Assemblyman Marc Berman listens to witness testimony while presenting his Assembly Bill 3209 to the Senate's Appropriations Committe at the Capitol in Sacramento, Calif., on June 17, 2024. Travis Gillmore/The Epoch Times
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