The post They Just Confirmed the Great RESET.. appeared first on We Are Change.

The post A Crisis WORSE Than 2008 is HERE.. appeared first on We Are Change.

This videos explains the current economic and political disaster unfolding and how this makes the U.S. very vulnerable now.

The post DISASTER! The U.S. Is Making Itself VERY VULNERABLE Now! appeared first on We Are Change.

This report shows you what the government is really up to and the real life consequences.

The post DAVOS DIKTAT: This Is Brazen Deliberate SABOTAGE! appeared first on We Are Change.

This report explains how it’s all falling apart legally, financially and in the cities.

The post IT’S ALL COLLAPSING NOW! appeared first on We Are Change.

This video covers Silicon Valley Bank, their recent bankruptcy, how this is affecting the financial markets and how you can protect yourself moving forward.

The post This Is A CALAMITY! (Foreshadowing What’s To Come) appeared first on We Are Change.

This video gives you the truth you’re not getting in the news about what’s being done to the economy and how this crash is just the beginning.

The post CRASH! This Will NOT End Well…📉 appeared first on We Are Change.

This report explains the truth you’re not getting in the news about what became of the uprising in Canada.

The post UPRISING! This Could BE IT For Canada 💥 appeared first on We Are Change.

This video explains what’s going on with the response, the balloon and the larger power struggle around the world.

The post CRAZY: They’re Doing THIS And No One’s Noticing! appeared first on We Are Change.

This video explains how they failed and what’s going on with the larger power struggle around the world.

The post THIS is why they FAILED…🤦 appeared first on We Are Change.

“Currently, households’ demand for buying physical gold in bars has increased, driven, in particular, by the abolition of value-added tax on these operations,” reads a statement from the central bank.

On Feb. 28, the central bank raised the key rate from 9.5% to 20% as the ruble crashed to record lows amid the Kremlin’s so-called “special operation” in Ukraine. The announcement is a flip-flop from a February announcement that the financial authority would resume gold purchases after commercial banks were hit with Western sanctions in response to the invasion.

“With the goal of diversifying the central bank’s reserves, at the moment there is no sense in building up reserves in gold,” according to VTB analysts, who added that the banking sector’s structural liquidity deficit had contracted to under 4 trillion rubles (US$36 billion), down from a record 7 trillion rubles.

Before the rush into gold, many wealthy Russians had been purchasing luxury items such as watches and other jewelry in order to defend against the ruble’s tumble. While cryptos were also purchased aggressively, there is little insight into who much bitcoin Russians currently own.

Analysts from BCS suggested that the gold purchases will help reduce the amount of cash in circulation, and will help banks’ liquidity.

In lieu of funding via gold purchases, Russia’s central bank has been providing liquidity to banks through more conventional operations such as holding daily repo auctions at lending institutions. So far, these have proven sufficient.

Republished from ZeroHedge.com with permission

The post So Many Russians Are Buying Gold That Central Bank Halts Bank Purchases appeared first on We Are Change.

Russia’s RIA news agency is reporting that the new decree blocks all exports and raw materials from Russia “of certain materials” – with state media reports noting the specific list will be made public in two days.

Details remain vague and murky, with the below rush machine translation of the RIA story reading as follows…

“President Vladimir Putin signed a decree on the application of special economic measures in the field of foreign economic activity to ensure the security of the Russian Federation.”

“The head of state instructed to determine in two days the lists of states where the import of certain products and raw materials will be prohibited,” the report continues.

“He also instructed to ensure a ban on the export of products and raw materials from Russia until December 31, the list of which will be determined by the government.”

Bloomberg cited Putin as saying the “move is part of special economic measures in response to sanctions by US and other countries.” The restrictions might reportedly exempt materials deemed for personal use.

Meanwhile the speculation begins over just what the ban will encompass…

No details yet, but Putin has responded to US ban on Russian #oil & #energy by signing a decree halting the import & export of #Russia's products & raw materials.???? May explain why Kazatomprom rallied UP +19% earlier as Russia produces over 40% of global enriched #Uranium.?? pic.twitter.com/2yO5glwnLD

— John Quakes (@quakes99) March 8, 2022

Republished from ZeroHedge.com with permission

The post Putin Hits Back Hard, Signs Decree Blocking Russian Exports After Biden’s Russian Oil Import Ban appeared first on We Are Change.

With S&P futures a one way elevator lower after a modest rip higher on Ukraine ceasefire optimism early in the session, sending spoos more than 120 points down from session highs and closing down 2.9%, below 4,200, its worst close since October 2020…

… and the Dow tumbling more than 800 points, everything was in the red, with the exception of the defensive utility sector and of course energy which is basking in the glow of a historic surge in the commodity space.

The Nasdaq tumbled 3.6% with the help of Facebook and Moderna both of which have wiped out more than 50% of their value from all time highs, and is now down more than 20% from its all time high, closing in a bear market, where it joins the Russell, which is now also down more than 20% from ATH.

Consumer discretionary stocks, with a decline of more than 3%, led the S&P 500 to a fresh session low. Companies with outsize exposure to Europe – Calvin Klein owner PVH and Ralph Lauren – were among SPX stocks with the biggest drops, while Amazon and Apple are among top decliners on a points basis. Higher energy costs and soaring food prices may crimp consumer spending in other areas, with oil posing a particular challenge. Consumer discretionary stocks are the worst performers among SPX sectors this year, shedding ~19% while the broader index falls ~11%.

While energy was the best – and only outperforming – sector, a testament to today’s dismal risk off mood is that the small-cap Russell actually outperformed both the S&P and the Nasdaq, with the latter tumbling more than 3%.

Europe was even worse, with Germany’s DAX closing down 2% – at the lowest level since November 2020 – and bringing total declines since its January record high to bear-market inducing 21%, while the broader Euro Stoxx 50 also ended 1.2% lower, and also closing more than 20% lower in a bear market.

Believe it or not, those were some of the more timid moves observed today. As Nomura noted earlier, there have been some truly historic swings across all assets, especially Energy where oil had its biggest daily swing ever, with Brent surging to near $140 before tumbling $20 after Germany said it has no plans to halt Russian energy imports, only to reverse higher again…

… to gas, with the European nat gas benchmark trading > 79% to an all-time high, before also reversing gains…

… to Industrial Metals, where Nickel exploded 82% in one day amid a wave of short squeeze in the largest dollar gain in 35 yr history of LME contract…

… and even FX, with the Swiss trading through parity with the Euro earlier, the first time since the SNB peg break in ’15…

… to Inflation, where even’s Europe’s 5y5y inflation swap soared to 8+ yr highs…

… to EU Financials, with Europe’s banks (SX7E) tumbling -34% in less than a month amid panic over Russian exposure.

Among other commodities, the type that actually matter when considering social unrest and revolutions, wheat futures closed limit up again at a record $1,425 translating into an all time high $12.94 per bushel on fear Ukraine and Russian output will be cut off.

While those keeping track of market dislocations did not find anything abnormal in today’s move in the FRA-OIS, which was roughly unchanged from Friday’s close after blowing out late last week…

… a look at the continued decline in the balance of the Fed’s Overnight Reverse Repo suggests that banks are starting to stockpile liquidity.

Even formerly invincible junk bonds cracked, and took out YTD lows, sliding to levels last seen in the aftermath of the covid crisis.

So as oil and commodities decouple from everything in the clearest signal yet that the summer of 2008 is in play (something we discussed 2 months ago in “Shades Of 2008 As Oil Decouples From Everything“) is the market finally pricing in the coming stagflationary recession? Not yet, but with the 2s10s just 24 bps now, the lowest since the covid crash, and a few days trade away from 0, we are almost there.

10Y Real rates plunged to -1.13%, a level which just a few weeks ago would have sent tech stocks soaring, only not this time because the entire move is driven by an explosion higher in 10Y breakevens, which soared 16bps today alone to 2.86%, the highest level on record as markets freak out about inflation over the next decade.

And yet, despite the beating drums of imminent recession, the Fed remains paralyzed as not only does it have to somehow contain inflation driven by a historic supply shock, over which it has no control, but it can’t cut rates as it is already at zero. As a result, the market continue to price in just under 1 rate hike in March and almost 6 rate hikes for the full year!

Finally, the VIX has continued its steady climb amid record put purchases, and hit a level of 36, the highest in over a year. This is a level where traders traditionally expect it to signal a market bottom. If that fails to happen, a quick trip to 50 is almost guaranteed.

Looking at the so-called digital gold, bitcoin tumbled along with the broader crypto sector, as the decoupling observed last week with high beta stocks has now been long forgotten, and the correlation algos continue to trade cryptos as just your garden variety tech stock.

Meanwhile, the original “old-school” gold, continues to creep ever higher in what many view as a harbinger of the next episode of monetary debasement, and after earlier rising briefly above $2,000 then sliding, gold has stabilized just below the $2k mark.

So is there any hope, even fleeting for a modest bounce? We doubt: after all, even the White House admits what is coming:

• WHITE HOUSE SAYS U.S. NEEDS TO BE PREPARED FOR LONG, DIFFICULT ROAD AHEAD

It appears the market is getting the message:

Republished from ZeroHedge.com with permission

The post Carnage Everywhere as Market “Begins to Break” appeared first on We Are Change.

And most importantly, wage increases are NOT keeping pace with the soaring cost of living (real waged growth is negative)…

It took just a few minutes for this prediction to materialize because just around the time the market opened, Biden addressed the public and confirmed that unlike the Fed, he is finally starting to freak out about soaring prices, to wit:

… on inflation, today’s report shows an increase over last month. Inflation hurts Americans pocketbooks, and reversing this trend is a top priority for me. The largest share of the increase in prices in this report is due to rising energy costs—and in the few days since the data for this report were collected, the price of natural gas has fallen.

I have directed my National Economic Council to pursue means to try to further reduce these costs, and have asked the Federal Trade Commission to strike back at any market manipulation or price gouging in this sector.

And just how does Biden plan on pulling this directive straight out of communist China? Will he restart the Keystone XL pipeline; or will the US fund shale producers – that could be awkward in light of Joe’s faux environment concerns. Then again, it’s just optics confirming that in a time of near-record inflation, at least Biden’s talk remains extremely cheap.

And speaking of cheap talk, the president also claimed that “other price increases reflect the ongoing struggle to restore smooth operations in the economy in the restart.” Which, we assumes is what uncontrolled inflation is called by the White House today…

Hilariously, all this is happening just as Biden is still trying to shove trillions in additional, and quite inflationary fiscal stimulus down the country’s throat which, make no mistake, will lead to even higher prices but not to the White House, which continues to claim that a plan that will require trillions in funding is actually, don’t laugh, deflationary!

I am travelling to Baltimore today to highlight how my Infrastructure Bill will bring down these costs, reduce these bottlenecks, and make goods more available and less costly.

And just in case there is any doubt that Biden is contemplating replacing Powell with Hillary Clinton fangirl and Democrat Lael Brainard, Biden said he wants to “reemphasize my commitment to the independence of the federal reserve to monitor inflation, and take steps necessary to combat it.” Translation: he wants to appoint a career democrat who will make it easier to push through the $150 trillion in QE needed over the next 30 years to pretend to fund “net zero” but is really meant to make the rich richer.

Going forward, it is important that Congress pass my Build Back Better plan, which is fully paid for and does not add to the debt, and will get more Americans working by reducing the cost of child care and elder care, and help directly lower costs for American families by providing more affordable health coverage and prescription drugs—alongside cutting taxes for 50 million Americans including for most families with children. 17 Nobel Prize winners in economics have said that my plan will “ease inflationary pressures.” And my plan does this without raising taxes on those making less than $400,000 or adding to the federal debt, by requiring the wealthiest and big corporations to start to pay their fair share in taxes.

Luckily, at least one Democrat is not a lunatic and just as Biden was delivering his prepared remarks, Democratic Senator Joe Manchin said that the “threat posed by record inflation to the American people is not ‘transitory’ and is instead getting worse.”

“From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day.”

By all accounts, the threat posed by record inflation to the American people is not “transitory” and is instead getting worse. From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day.

— Senator Joe Manchin (@Sen_JoeManchin) November 10, 2021

The post Biden Suddenly Starts to Freak Out About Soaring Inflation appeared first on We Are Change.

First, the now-deleted tweet…

Nevermind that in September, a Kroger executive warned in that grocery prices were about to get nasty, and the company will be “passing along higher cost to the customer where it makes sense to do so.” Or that Nestle CFO Francois-Xavier Roger said blistering inflation would likely continue into next year – telling the crowd at a Barclays consumer staples conference: “If we talk of 2022, it is likely that input cost inflation will be higher next year than this year.”

Or that Atlanta Fed President Raphael Bostic admitted last month that inflation is not transitory (and even has a swear jar collecting dollar bills for every time some gaslighter utters the word “transitory”).

Or that agricultural input costs from fertilizer to feed have gone through the roof – thanks to soaring natural gas prices of all things.

Or labor shortages throughout the supply chain – including US ports and the trucking industry – including those who refuse to take the Covid-19 vaccine.

Or just read this from Bank of America:

“Meanwhile on Main Street: cost of living rising…wages rising; food (coffee @ 7-year high, wheat @ 13-year high), energy (BofA forecast $120/bbl Brent next 6 months), shelter (US rents up 9% YoY), wages annualizing 6% past 6 months; US core CPI currently 4.0% YoY, likely to be 5-6% spring’22.”

Nope. You see, the inflation we’re seeing today is a good thing, according to MSNBC’s James Surowiecki, whose financial background is a Ph.D. in American history and being a writer at The Motley Fool and The New Yorker.

Their rationale: people spent less and saved more during the pandemic (more disposable income), and the stock market (which most American’s still don’t participate in) went apeshit.

Even though millions of Americans lost their jobs, enhanced unemployment benefits and stimulus payments left many of them better off, not worse. And the stock market, after initially falling, boomed.

Which of course is just propaganda, because as Morgan Stanley explained so simply even MSNBC columnists could understand, the “bottom 80%” of the population retained just a third of the $2 trillion in so-called excess savings. And without jobs, most have already burned through whatever money they had saved up. In other words, the bulk of government handouts ended up – you guessed it – in the hands of the ultra rich who never needed it!

Facts be damned, MSNBC’s propaganda continued: “American consumers are, relatively speaking, flush, and it’s that strong demand for goods and services that is sending prices higher.”

BUT (and totally couldn’t be the primary reason, could it?), “it’s taking manufacturers and food producers time to increase supply after cutting back production during the pandemic,” and as a result, “When you have high demand, and relatively low supply, prices go up.”

“The inflation we’re seeing is not, then, some mysterious affliction that’s descended on the economy. It’s the predictable product of the economy’s rapid recovery, and its costs have been offset, to a large degree, by robust wage growth and government policies.”

Except, when adjusted for inflation, real weekly earnings are negative.

We've come full circle on inflation pic.twitter.com/0qwqP1XDxA

— Greg Price (@greg_price11) November 8, 2021

Meanwhile, even the notorious optimistic Wall Street is starting to tell the truth, with Goldman warning that things are going to get a lot worse before they get better.

Not surprisingly, after getting ratio’ed in a furious backlash, MSNBC did the only thing it could and deleted its tweet, as its latest attempt at mass gaslighting propaganda went terribly wrong.

Republished from ZeroHedge.com with permission

The post MSNBC Goes Full Clown: Gaslights That Inflation is a “Good Thing”, Deletes Tweet After Angry Backlash appeared first on We Are Change.