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    Daily Digest 3/22 – We Don’t Need The Great Reset, We Need The Great Rebalancing, Richest 1% of Americans Hide a Fifth of Their Income From the IRS

    by Daily Digest

    Monday, March 22, 2021, 5:13 PM

Economy

We Don’t Need The Great Reset, We Need The Great Rebalancing

Perhaps we have collectively “lost our mind.” Perhaps what we need is not a new technology but a new way of living that uses existing technologies to echo “old ways” that worked rather well on much lower energy consumption.

The Great Reset is much in the news–the proposed top-down plan for combating climate change designed by the global elites, who then as now will be jetting around in private aircraft while dictating exactly how the rest of us will reduce our carbon footprints.

CDC Likely To Extend Eviction Moratorium With Millions Of People Behind On Rent

The Centers for Disease Control and Prevention has taken a key step toward extending an order aimed at preventing evictions during the ongoing COVID-19 outbreak. The CDC order is currently set to expire in less than 2 weeks.

Housing advocates have warned for months that allowing this protection for renters to lapse would spark a tsunami of evictions, putting upward of 1 million people out of their homes.

Richest 1% of Americans Hide a Fifth of Their Income From the IRS

More than 20% of the wealthiest Americans’ income isn’t being reported to the Internal Revenue Service, according to a new study that calculates U.S. tax evasion is far higher than previously estimated.

Random audits of the rich can detect some tax evasion, but the study’s authors found that the IRS easily misses income hidden in sophisticated ways, including in private businesses and offshore structures. Collecting all unpaid income tax from the top 1% would boost revenue to the U.S. Treasury by $175 billion a year.

Indicators of the Week! Interest Rates and Global Poverty

As we’ve been doing on Fridays, we have some new indicators of the week to share! Stacey and Cardiff each pick an indicator that they came across that they find to be really striking, surprising, insightful, informative, or that just blew their minds.

Our first indicator is almost zero. This is where the Federal Reserve said that it is going to keep interest rates until the year 2023. Low interest rates are supposed to help the economy by convincing businesses and individuals to borrow money, keeping money flowing through the economy. However, there is always this tension with keeping interest rates low: inflation, or rising prices. Nevertheless, the Federal Reserve has signaled that they are prioritizing growing the economy first, and then dealing with inflation later.

Headed For A Collapsing Debt Bubble

A $1.9 trillion stimulus package was recently signed into law in the United States. Can such a stimulus bill, plus packages passed in other countries, really pull the world economy out of the downturn it has been in 2020? I don’t think so.

The economy runs on energy, far more than it operates on growing debt. Our energy problems don’t appear to be fixable in the near term, such as six months or a year. Instead, the economy seems to be headed for a collapse of its debt bubble. Eventually, we may see a reset of the world financial system leading to fewer interchangeable currencies, far less international trade and falling production of goods and services. Some governments may collapse.

New SBA head plans changes at agency; focus now is COVID-19

The new head of the Small Business Administration says she expects to make changes at the agency that she says will enable it to further help small companies devastated by the COVID-19 pandemic.

In an interview with The Associated Press on Friday, two days after she was sworn in, Isabella Casillas Guzman said her immediate focus is implementing the small business provisions in the $1.9 trillion coronavirus rescue package President Joseph Biden signed into law last week.

Energy

Will Clean Energy Kickstart A New Resource War?

What will the world look like when oil is no longer a leading force in global geopolitics? Some of the world’s leading research organizations, universities, and even some countries are hard at work trying to answer just that question. The Rand Corporation, which has been designing war games alongside the Pentagon for nearly 70 years, is now aiming its arsenal of brainiacs toward the newest pressing geopolitical question: what will the green energy transition do to the world?

Gold & Silver

Click to read the PM Weekly Market Commentary

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

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3 Comments

  • Wed, Mar 24, 2021 - 1:48pm

    #1
    Nate

    Nate

    Status: Silver Member

    Joined: May 05 2009

    Posts: 544

    12

    The Good German

    One of the biggest revelations concerns a question that has always plagued me: How does one explain the “good German,” the term used to describe the average, presumably decent German, who did nothing to hurt Jews but also did nothing to help them and did nothing to undermine the Nazi regime? The same question could be asked about the average Frenchman during the Vichy era, the average Russian under Lenin, Joseph Stalin, Leonid Brezhnev and their successors, and the millions of others who did nothing to help their fellow citizens under oppressive dictatorships.

    These past few years have taught me not to so quickly judge the quiet German, Russian, etc. Of course, I still judge Germans who helped the Nazis and Germans who in any way hurt Jews. But the Germans who did nothing? Not so fast.

    What has changed my thinking has been watching what is happening in America (and Canada and Australia and elsewhere, for that matter).

    The ease with which tens of millions of Americans have accepted irrational, unconstitutional and unprecedented police state-type restrictions on their freedoms, including even the freedom to make a living, has been, to understate the case, sobering.

    The same holds true for the acceptance by most Americans of the rampant censorship on Twitter and all other major social media platforms. Even physicians and other scientists are deprived of freedom of speech if, for example, they offer scientific support for hydroxychloroquine along with zinc to treat COVID-19 in the early stages. Board-certified physician Dr. Vladimir Zelenko, who has saved hundreds of COVID-19 patients from suffering and/or death, has been banned from Twitter for publicizing his lifesaving hydroxychloroquine and zinc protocol.

    Half of America, the non-left half, is afraid to speak their minds at virtually every university, movie studio and large corporation — indeed, at virtually every place of work. Professors who say anything that offends the left fear being ostracized if they have tenure and being fired if they do not. People are socially ostracized, publicly shamed and/or fired for differing with Black Lives Matter, as America-hating and white-hating a group as has ever existed. And few Americans speak up. On the contrary, when BLM protestors demand that diners outside of restaurants raise their fists to show their support of BLM, nearly every diner does.

    So, then, who are we to condemn the average German who faced the Gestapo if he didn’t salute Hitler or the average Russian who faced the NKVD (the secret police and intelligence agency that preceded the KGB) if he didn’t demonstrate sufficient enthusiasm for Stalin? Americans face the left’s cancel culture, but not left-wing secret police or reeducation camps. (At least not yet — I have little doubt the left would send outspoken conservatives to reeducation camps if they could.)

    I have come to understand the average German living under Nazism and the average Russian living under communism for another reason: the power of the media to brainwash.

    As a student of totalitarianism since my graduate studies at the Russian Institute of Columbia University’s School of International Affairs (as it was then known), I have always believed that only in a dictatorship could a society be brainwashed. I was wrong. I now understand that mass brainwashing can take place in a nominally free society. The incessant left-wing drumbeat of The New York Times, The Washington Post, the Los Angeles Times and almost every other major newspaper, plus The Atlantic, The New Yorker, CNN, ABC, CBS, NBC, PBS, NPR, all of Hollywood and almost every school from kindergarten through graduate school, has brainwashed at least half of America every bit as effectively as the German, Soviet and Chinese communist press did (and in the latter case, still does). That thousands of schools will teach the lie that is the New York Times’ “1619 Project” is one of countless examples.

    Prior to the lockdowns, I flew almost every week of the year, so I was approached by people who recognized me on a regular basis. Increasingly, I noticed that people would look around to see if anyone was within earshot and then tell me in almost a whisper: “I support Trump” or, “I’m a conservative.” The last time people looked around and whispered things to me was when I used to visit the Soviet Union.

    In Quebec this past weekend, as one can see on a viral video, a family was fined and members arrested because six — yes, six — people gathered to celebrate the new year. A neighbor snitched on them, and the celebrants were duly arrested. The Quebec government lauded the snitches and asked for more public “collaboration.”

    Snitches are likewise lauded and encouraged in some Democrat-run states and cities in America (Los Angeles Mayor Eric Garcetti in March: “Snitches get rewards”) and by left-wing governments in Australia. Plenty of Americans, Canadians and Australians are only too happy to snitch on people who refuse to lock down their lives.

    All this is taking place without concentration camps, without a Gestapo, without a KGB and without Maoist reeducation camps.

    That’s why I no longer judge the average German as easily as I used to. Apathy in the face of tyranny turns out not to be a German or Russian characteristic. I just never thought it could happen in America.

    I Now Better Understand the ‘Good German’

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  • Wed, Mar 24, 2021 - 3:47pm

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2398

    5

    The Good German: the media does its job very well

    A friend of mine yesterday was trying to reason with an acquaintance to be more skeptical and critical when listening to the MSM and social media monopolies, especially when it comes to 1) racial issues, and 2) the subject of guns. The acquaintance was convinced that the mass shooting in Atlanta was an act of white racial hatred. My friend couldn’t get through using facts so he asked, “What about that shooting in Boulder, CO.” The acquaintance asked, “What shooting?” Of course since the Boulder shooting doesn’t fit the prescribed narrative it gets very little coverage in MSM/social media and dumped down the memory hole ASAP. In this way the “good American” can be guided to swallow any story “they” want to be believed and deep six the truth. That makes for a population that could tolerate all manner of horrific abuses and holocausts.

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  • Wed, Mar 24, 2021 - 7:23pm

    Steven Kelso

    Steven Kelso

    Status: Bronze Member

    Joined: Aug 22 2018

    Posts: 72

    0

    Qui Bono?

    It's there to see if you look.
    https://thefreethoughtproject.com/mainstream-media-exposed-coordinating-identical-mass-shooting-narratives-for-different-states/

    https://swprs.org/wp-content/uploads/2017/08/cfr-media-network-hdv-spr.png

    But what is the ultimate end goal here?
    "And then finally, when there's nothing left, when you can't borrow another buck from the bank or buy another case of booze, you bust the joint out. You light a match."

    Is this just how empire cycles end? Find a patsy; pick a scapegoat?
    Move the money to Shanghai? Hong Kong? Singapore? Beijing? Tokyo? Shenzhen?
    Perhaps that AND still attempting to maintain western hegemony (or squeeze a few pennies more on the way out the door).

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