Money for Nothin', Speech for Free: The SUM Report 12-4 | QPOL Issue #25
"Stuff U Missed" - A Brief Summary of the Week's Top Events in Macro/Geopolitics
Powell Squeeze
Twitter Leaks
Free Speech
Powell Squeeze
Powell still shows no signs of pivoting (as he should). He announced at this week’s FOMC conference that “Despite some promising developments, we have a long way to go in restoring price stability.”
And yet, the market rallied since Powell acknowledged “some good news” regarding inflation because the costs of certain goods like cars, furniture, and appliances nominally dropped. Powell also noted that rents and other housing costs were likely to decline next year (well obviously if you’re gonna keep rates up) By the way, housing makes up about a third of the consumer price index. There’s a reason why they say “housing is the economy.”
The reality though is that inflation is still a problem that’s far from being solved (that is, if you believe Powell is actually raising rates because of inflation…). Add in the fact that GDP only increased by 2.9% (profits decreased 1.1 percent at a quarterly rate in the third quarter) from last month’s 4.3%, Powell’s still got a long way to go. The bear rally I believe is merely a sign of capital flight to the US and away from an economically suicidal Europe. These are all signs that Powell’s objective (one of the objectives…) of demand destruction is being achieved and his tightening policies are actually working. The pork is being dumped as companies are being forced to reallocate resources and even lay off a large chunk of their staff. Just look at the tech sector.
The stronger the markets’ resistance is to shit the bed whenever Powell opens his mouth during FOMC meetings, the brighter his green light is to be ever more hawkish. And yet, people online are still calling the latest hike a pivot because Powell raised the FFR by 50 bips instead of 75. This is severe copium and just demonstrates the markets aren’t ready for the Fed put to end (another goal of Powell’s). Raising rates is castrating the leverage out of the global economy. We’ve so desperately needed this to happen. Remember, the coof was just blackmail against the Fed by Congress to force itself to deficit spend the United States into oblivion. Thankfully as Powell keeps tightening, the bad economic actors will have nowhere to run. Let the Fed do our job for us.
Twitter Leaks
The “Twitter Files“ reveal communications proving Twitter executives censored Americans at the behest of the DNC and the Biden Campaign right before the 2020 U.S. Presidential Election. Twitter was specifically supporting the liberal propaganda. This was all happening behind Jack’s back by bureaucrat cronies with ties to the Biden campaign.
Censorship was rampant. Democrats were running Twitter to skew opinion and silence dissenters who were questioning the election and anything against the agenda in spite of free speech.
Below is probably the most damning part of the thread’s findings. These people give no regards to the principles America was founded on. Stopping the spread of lies or merely questioning what’s true is crucial to the powers that be in order to control the narrative and skew the results of elections and policies in their favor. Anyone that gets in their way in maintaining the status quo is an enemy and must de deplatformed and un-personed.
Twitter was working for the government/deep-state/Davos.
Elon Musk has normalized the fact that an individual who hosts a Twitter space is more effective than the mainstream media. It’s grass-roots, by the people for the people, and democratizes the transmission of information in real-time. I’m speaking from experience having been in the audience while Elon spoke for about 2 hours in a space answering audience questions directly. Journalists were requesting a recording of the space immediately so they could write stories the next day or perhaps even the next hour. With twitter truly turning into the world’s town square, who needs the MSM?
Their viewership is suffering and Elon setting speech free on Twitter will replace them as the hub for free information. The MSM hates this and are threatened directly. They will be rendered useless, which is something Davos is terrified of because the MSM is Davos’ propaganda and fear-porn mouth piece. The powers that be are losing their control over the zeitgeist spigot. Free-thinking individuals, we the people, are their Achilles' heel.
Free Speech
In case you’ve been living under a rock, Kan(Ye) West has made the rounds on a number of interviews recently for going after “the Jews.” I’m not gonna get into the whole back story, but the TL;DR is he was unhappy with the business deals he was in and thought people were screwing him over. He noticed they all had a little something in common (including his trainer Harley Peach Neck Fuzz or whatever the hell his name is who institutionalized him and put him on heavy meds). His kids were taken away, he lost a couple billion from what would’ve been his deal with adidas, and he owes millions in back taxes. Oh, and amidst all this he’s running for president in 2024 with Nick Fuentes and Milo Yianoppolis as his right hand men. You literally can’t make this shit up…
The past week he walked out of a Timcast interview (you can look into that yourself) and went on Alex Jones’ saying he loved Hitler.
Don’t get me wrong, I am all for free speech. Ye should be aloud to say all this with no problem, but actions have consequences and Ye is certainly not right in the head. He’s going through a lot and unlike his buddy Trump (which by the way, Ye, Nick, and Milo all had dinner with Trump at Mara Lago just prior to all this drama), Ye is an UN-stable genius. His campaign can’t possibly/seriously go anywhere after this fail of an attempt. Was this just an interference campaign to make Trump look better for when he runs in 2024? Or was this all just a troll between Ye, Nick and Milo, while the latter two just play a major grifting game off the success of Ye’s fame and fortune? At this point, I have no idea.
What I do know is that Ye has brought to light a crucial question that is now penetrating the zeitgeist. I want to shed light on some info you all should look into if you haven’t already. So I’m going to give you some homework. Watch the following Tech Lead video below.
You watch it? Good. Do it again, and take notes this time.
Got it? Ok cool. Now listen to my buddy Pete’s podcast on the recent events RE Ye.
Now that I KNOW you all did your homework…time to do some critical thinking.
Whether or not you agree with Ye, take into consideration your homework assignments. True or not, they’re reasonable arguments, right? Does posing these questions in a public format really hurt anything or anyone? Why or why not? If so, what about this discussion is such a threat that people need to be censored beyond any reasonable means? The fact that Ye is being punished for asking questions and having his own opinions says something. Unfortunately. Ye is probably clinically/legally crazy, and you aren’t gonna get an articulate Scott Horton/Sheldon Richman (which by the way you should get his book on the topic at hand Coming to Palestine and listen to this interview about it on the Scott Horton Show) explanation of Zionism from him. Ye is upset and he didn’t do himself any favors. But what this whole saga tells us is that we don’t live in a world where the powers that be allow for free-speech absolutism. And as I mentioned in the previous section, the powers that be are losing their control over the zeitgeist spigot. Free-thinking individuals, we the people, are their Achilles' heel. Ye going cray-cray is just the tip of the iceberg.
~ Phil Gibson