Woke Dogma Activism on Twitter sees everyone less mentally ill than them as privileged and everyone more mentally ill than them as toxic – not much of a Broadchurch recruitment attraction to that tiny woke kingdom.
And so it comes to pass, despite the best virtue signalling intentions of the middle class woke, poor people are not sitting around the kitchen table cancelling people for misusing pronouns, hate speech or mispronouncing te reo, they are freaking out about the economy…
Kiwis are feeling more pessimistic about the economy’s immediate future than at any other point in the last decade, today’s 1News Kantar Public Poll shows.
Respondents were asked: “Do you think during the next 12 months the economy will be in a better state than at present, or in a worse state?”
Of those polled, 18% responded ‘better’, 21% responded ‘same’ and 61% responded ‘worse’.
…No amount of ticker tape tantrums can sway Fed Chair Powell any longer, the reality of unwinding $25Trillion in quantitive easing is upon us and Powell has to keep pushing the stake into the heart of these Global Zombie Corporations because there is nothing else left in this Late stage Capitalism meltdown.
All that debt, all that speculative bubble in property and stocks, all of it is about to get hit be demand side and supply side destruction.
If the Fed comes out with 100 point raises rise, the pressure will be on Orr to follow with 100 points.
What Treasury are wanting to claim is inflation is dropping because demand is dropping, but this is a supply chain and scarcity problem as well, as Consumers retreat, the natural scarcity of products also compounds issues by driving prices up even as people can’t afford them.
The super rich and super wealthy will benefit, middle classes and below however will suffer.
With supply chains broken, with geopolitical tensions bringing supply chains back to friendly territories and the inflationary pressures of bringing those supply chains home, the day of reckoning here suggests a spectacular 1929 stock market crash.
NZ House prices are predicted to drop 32%, inflation could hit double digits in December and Orr has no choice but to ramp up interest rates.
Reserve bank Governor Adrian Orr is ratcheting up the OCR to levels many Kiws haven’t seen in decades as he intends to crash the economy into a recession so as to save the economy .
The $51billion Labour used to juice the economy and inoculate us from the worst of the pandemic inadvertently transferred a trillion dollars in wealth value to the richest Kiwis and according to the Reserve Bank Governor the price to pay for that inflationary pressure is the slashing of 115 000 jobs.
Why should the poorest pay most for inflationary pressures that enriched the wealthy?
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