Boris Johnson is out because he went too much on the left side. PM Liz Truss came in, but she`s also in trouble because Jeremy Hunt didn`t like her tax cuts. Farage believes he`s a globalist asset. Hunt is reversing most of PM`s flagship «mini-budget» tax cuts.
Jeremy Hunt was beaten by Boris Johnson in 2019. Hunt is also the man who was knocked out in the first round of the leadership contest this year. According to Farage, Hunt is not just a Chancellor. He`s running the country. He believes it`s a globalist coup.
Joe Biden like this a lot. He`s so delighted. The IMF, OECD, BOE, the treasury, and the Chancellor of Germany are all over the moon. They all want a bigger state, with more significant taxes, and that was the sin of what was proposed by Kwaseng. He wanted people to keep more of their own money, and perhaps in time reduce the size of the state.
The conservative party stands for lower taxes. Like the conservative party in the United States. It`s their main goal. Their agenda. Furthermore, they stand for individual freedom, limited government, peace through strength, and free markets to name a few.
This is a historic moment. I have never seen something like this before. What a mess. Political chaos. The United Kingdom is in trouble. Economically, but also socially. It will take some time to get out of this mess.
Hunt wants people to pay more taxes because he wants a bigger government. He wants small businesses to pay more tax, and they have declared war on the self-employed, according to Farage. Taxes on small companies will rise significantly. In addition, there will be a major rise in corporation taxes and dividend taxes.
Wall Street bank, Goldman Sachs came out with a note on Sunday, and they see a deeper UK recession after the tax U-turn.
Goldman Sachs downgraded Britain`s outlook, and revised its 2023 economic output forecast to a 1% contraction from an earlier forecast for a 0,4% output drop, with core inflation seen at 3,1% at the end of 2023, down from 3,3% previously.
«Folding in weaker growth momentum, significantly tighter financial conditions, and the higher corporation tax from next April, we downgrade our UK growth outlook further and now expect a more significantly recession,» Goldman analysts led by Sven Jari Stehn said in a note dated Sunday.
«The persistence of core inflation and the continued tightness in the labor market suggests that the BoE still needs to take more monetary policy into significantly contractionary territory,» Goldman analysts wrote.
«That said, following PM Truss`s policy reversal we think there is less pressure for the BoE to act aggressively in the coming meetings,» they added.
Experts believe Liz Truss will be out as Prime Minister within weeks. So, this is how a democracy is working? Who voted for Hunt with his left-wing policy?
The statement that was made by Hunt earlier today is just in line with the leftist Labor party. It seems like the Tory party is dead. So, what`s the point of a conservative right-wing party at all?
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Investors don`t like higher rates. Normally, the higher the rates go the lower the stock market goes. The Fed needs to do something with the inflation, and raising rates is a tool they use, and this year they seem to be very aggressive.
In March, the Fed raised the fed-funds rate by a quarter of a percentage point, and that was the first increase in three years. Two months later, they raised the rates by another half-point. The Federal Open Market Committee has a meeting on Tuesday and Wednesday this week, so what now?
Experts claim the rate hike can be 50 points, but it can also go to 0,75% or as much as 1,00%
Nasdaq is already in a recession, and S&P 500 jumped into that territory a few days ago. Investors fear the Fed will be more aggressive than expected, as they are opting for the first three-quarter-point increase in the Fed-funds rate since 1994. That was 28 years ago.
Raising the rate 75 points or more is not what we often see, and the last time we saw that happen was in November 1994. The Fed hiked rates many times that year to try to fix the inflation. The problem for the Fed is that if they raise the rates too much and too fast, a recession can occur.
The Fed will look at Unemployment, GDP, and inflation. So, where do we go from here? The Fed Funds futures are now at a rate of 3,05% for December 2022, and it will peak at 3,65% for July 2023. As you can see, there is more hawkish Fed to come.
Will the Fed sacrifice employment and growth to bring down inflation? The higher the rate is, the more expensive the money is for borrowers. This means that people will save more as they borrow less. That can lead to slower growth and lower prices and inflation.
The risk here is that this will lead to a recession. Corporations’ earnings will fall, and so can the stock market. Let`s listen to FOMC and Powell on Wednesday.
This is a warning. 3810 is a very critical level at the S&P 500, and futures are down more than 2% today. We`re flirting with a support level of around 3,900, but the real panic can set in at around 34,000. What is that supposed to mean? It means that the S&P 500 will go down in a bear market. And that is a sign of stocks that are going down in value.
Since 1928 and the big stock market crash, the S&P 500 has plummeted into a bear market 26 times. A bear market is where the market is down more than 20% or more than that in a two-month period.
Not only that. A bear market can also be part of a recession where the economy has high unemployment and negative GDP output.
The average decline in a bear market was 35,6% since 1928, and the average length of time was 289 days.
It is 20 years since the worst terrorist attacks on the United States of America on morning of Tuesday, September 11, 2001. Ordinary people doesn`t buy the official story and believe that the government are hiding the truth.
Let`s take a look at the official story first, and then look at another conspiricy theory.
The Septemmber 11 attacks, often referred to as 9/11, were a series of four coordinated terrorist attacks by the militant Islamist terrorist group al-Qaeda against the United States of America on the morning of Tuesday, September 11, 2001.
On that morning, four commercial airlines traveling from the northeastern United States to California were hijacked mid-flight by 19 al-Qaeda terrorists. The hijackers were organized into three groups of five hijackers and one group of four.
Each group had one hijacker who had received flight training and took over control of the aircraft. Their explicit goal was to crash each plane into a prominent American building, causing mass casualities and partial or complete destruction of the targeted buildings.
The first plane to hit its target was American Airlilnes Flight 11. It was flown into the North Tower of the World Trade Center comples in Lower Manhattan at 08:46 am. Seventeen minutes later at 09:03 am, the World Trade`s Center`s South Tower was hit by United Airlines Flight 175.
Botth 110-story towers collapsed within an hour and forty-two minutes, leading to the collapse of the other World Trade Center structures including 7 World Trade Center, and significantly damaging surrounding buildings.
A third flight, American Airlines Flight 77, flown from Dulles International Airport, was hijacked over Ohio. At 09:37 am, it crashed into the west side of the Pentagon in Arlington County, Virginia, causing a partial collapse of the building`s side.
The fourth, and final flight, United Airlines Flight 93, was flown in the direction of Washington, D.C. This flight was the only plane not to hit its intended target, instead crashing in a field near Shanksville, Pennesylvania at 10:03 am.
The plane`s passengers attempted to regain control of the aircraft away from the hijackers and ultimately diverted the flight from its intended target. Investigators determined that Flight 93`s target was either the White House or the U.S Capitol.
This is the reason why so many speek about Flight 93 and the hero`s on that plane.
The attacks resulted in 2,977 fatalities, over 25,000 injuries, and substantial long-term health consequences, in addition to at least $10 billion in infrastructure and property damage. It remains the deadliest terrorist attack in human history and the single deadliest incident for firefighters and law enforcement officers in the history of the United States, with 340 and 72 killed, respcetively.
The destruction of the World Trade Center and nearby infrastructure seriously harmed the economy of New York City and creataed a global economic recession. Many countries strengthened their anti-terrorism legislation and expanded the powers of law enforcement and intelligence agencies to prevent terrorist attacks.
The U.S and Canadian civilian airspaces were closed until September 13, while Wall Street trading was closed until September 17. Many closings, evacuations, and cancellations followed, out of respect or fear of further attacks.
They said Bin Laden orchestrated the attacks. He initially denied involvment, but later raecanted his false statements. Al Jazeera broadcast a statment by him on September 16, 2001: «I stress that I have not carried out this act, which appeaars to have been carried out by individuals with their own motivation.»
In November 2001, U.S forces recovered a videotape from a destroyed house in Jalalabad, Afghanistan. In the video, bin Laden is seen talking to Khaled al-Harbi and admits foreknowledge of the attacks. On December 27, 2001, a second bin Laden video was released. In the video he said:
«It has become clear that the West in general and America in particular have an unspeakable hatred for Islam…. It is the hatred of crusaders. Terrorism against America deserves to be praised because it was a response to injustice, aimed at forcing America to stop its support for Israel, which kill our people…..
We say that the end of the United States is imminent, whether Bin Laden or his followers are alive or dead, for the awakening of the Muslim ummah (nation) has occurred…. It is important to hit the economy (of the U.S), which is the base of its military power…. if the economy is hit they will become reoccupied». – Osama bin Laden.
It must be something wrong here, because in my recent article, I wrote about Afghanistan. Right after the Soviet invation, the US President Jimmy Carter said that the Soviet can now control much of the world`s oil supply, and that was a big threat to peace.
The U.S supported Mujahideen with money and weapons, and US National Security Advisor Zbigniew Brezezinski appeared to Afghanistan`s religion pride in 1980 when he visited Pakistan. One day, he said; «you will take your country back because God is on your side.»
Mujahideen, or mujahidin, is the plural form of mujahid, an Arabic term that broadly refers to Islamic guerrillas who engage in jihad, interpreted by some Muslims as the fight of behalf of God, religion or the community.
You see? The US supported Mujahideen on the right side, and they both went to war against the communists that took control in Kabul together with the communists from Soviet on the same team.
The communists on the left side doesn`t believe in God. Nor do they like any religion at all. Just take a look at the communists in China. They send all the Muslims in «training camps.»
Author David Icke has a different story, and he claim he knows the truth in his book «The trigger.» The lie that changed the world. He claim that he know who really did it and why they did it.
He believes that with freedom being deleted by the day that someone has to have the courage to call out those transforming human society into a global prison camp in which only the «right» opinion and iformation are allowed.
It is a fat book and I spent most of my time reading it this summer, and the central theme of this book «the trigger» is what happened on 9/11 and the force that was really behind those attacks. No, it`s not 19 «islamic extremists» who somehow flew big commercial jets with fantastic skill while being dubbed incompetent by flying instructors in one-enigne «puddle-jumpers».
«The trigger» , however is not only about 9/11. In exposing the network that orchestrated and covered-up the horrific attakcs, Icke reveals the force that is dictating your life in increasingly fine detail and leading the world along a dark and dangerous road to total Orwellian global control.
Let me put it this way: 9/11 was an attack on the democracy. They attacked WTC, but flight 93 saved the White House. Right after that the Intel started a war on terror. But the war on terror was a war on ordinary people. This is why some people believe it was an inside job.
The same happened on January 6th this year. People stormed Capitol Hill, and that was also an attack on the democracy. We all know that the police in D.C helped people to storm the Capitol. Some of the people who stormed the Capitol was former military personel.
Right after they stormed Capitol Hill, they started a war on ordinary people. Again. They say it is a war on terror, but the war on terror is a war on ordinary people.
9/11 is still an open case and the whole world is waiting for the truth.
It is now confirmed. The Eurozone saw the biggest drop in GDP on record in Q2. The Eurozone economy dropped 12,1 percent in the three months to June 2020. But this is not as bad as the UK, which is the worst country in Europe.
COVID-19 hit the economy hard in Europe. The invisible enemy also hit the demand for services and goods. As you can see from the chart below, the Eurozone has entered a steep recession and a new wave of viruses can push the Eurozone into depression.
Poland`s GDP deopped 8,2 percent YoY in Q2 of 2020, and that is the biggest decline on record. The Dutch economy shrank 8,5 percent on quarter in the three months to June 2020, and that is the biggest pace of contraction since comparable records began in 1988.
The United States started a New World Order right after World War II, but that system is now broken. Donald Trump is making new trade deals and Brexit makes the UK Boris Johnson to do the same. They are rebuilding the system.
Looking at the growth around the world is funny. Singapore is suffering with a drop of 42,9 percent in GDP QoQ 2020. Next on the list is the US; down 32,90 percent.
But here is the funny thing; before the UK which is down 20,40 percent, communist country Venezuela`s growth dropped 23,70 percent. So, Venezuela is in the middle of the United States and the United Kingdom.
On the other end, China`s growth QoQ is up 11,50 percent, followed by Bangladesh (8,20%), Vietnam (6,88%) and Pakistan (5,79%).
The coronavirus is a threat, but a wave of corporate bankruptcies is a much bigger threat. The world is sitting on a bankruptcy time bomb.
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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.