Economic Collapse Report https://economiccollapse.report There's a thin line between ringing alarm bells and fearmongering. Wed, 20 Nov 2024 13:26:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://economiccollapse.report/wp-content/uploads/2024/09/cropped-Money-32x32.jpg Economic Collapse Report https://economiccollapse.report 32 32 236677365 US Embassy in Kyiv Shuts Over ‘Potential Significant Air Attack’ https://economiccollapse.report/us-embassy-in-kyiv-shuts-over-potential-significant-air-attack/ https://economiccollapse.report/us-embassy-in-kyiv-shuts-over-potential-significant-air-attack/#respond Wed, 20 Nov 2024 13:26:55 +0000 https://economiccollapse.report/us-embassy-in-kyiv-shuts-over-potential-significant-air-attack/ (The Epoch Times)—The United States closed its embassy in Kyiv on Nov. 20 and warned American citizens in Ukraine to be ready to swiftly seek shelter after receiving “specific information of a potential significant air attack.”

“Out of an abundance of caution, the Embassy will be closed, and Embassy employees are being instructed to shelter in place,” a statement published on the embassy’s official website stated.

The embassy also urged Americans in Ukraine to follow the directions of Ukrainian officials and first responders in the event of an emergency and to monitor local media.

The Italian and Greek embassies in Kyiv also shut to the public for the day. The British government said that its embassy in the city remained open.

The warning comes a day after Russia’s Ministry of Defense reported that Ukraine used U.S.-made long-range Army Tactical Missile Systems (ATACMS) to strike its territory.

Russia’s Ministry of Defense said Russian forces shot down five of six missiles fired at a military facility in the Bryansk region.

Fragments from one of the missiles hit the military facility, causing a fire that was quickly extinguished and caused no casualties or damage, according to the ministry.

“According to confirmed data, U.S.-made ATACMS [Army Tactical Missile Systems] … have been used,” the defense ministry said in a statement.

The White House has not yet confirmed whether Ukraine has been authorized to use U.S. weapons against targets in Russia, however, anonymous U.S. officials who spoke to media outlets said Biden authorized Ukraine to use the missiles to strike targets in Russia.

Biden, who is set to leave office in two months, has previously been opposed to the idea of allowing U.S. missiles to be used deep inside Russia.

Moscow has repeatedly warned that such a move by the United States would be tantamount to direct involvement in the conflict and would trigger a response.

Putin Updates Nuclear Doctrine

Russian President Putin signed an updated nuclear doctrine on Nov. 19, lowering the threshold for using nuclear weapons. The updated doctrine now states that an attack on Russia by any nation using conventional missiles supplied by a nuclear power will be considered a joint attack on Russia.

Following the move, the White House said it has no plans to adjust its nuclear posture in response to Russia’s actions.

“As we said earlier this month, we were not surprised by Russia’s announcement that it would update its nuclear doctrine; Russia had been signaling its intent to update its doctrine for several weeks,” the White House National Security Council said in a statement.

Kremlin spokesman Dmitry Peskov on Nov. 18 accused the Biden administration of “adding fuel to the fire” and “provoking further escalation.”

“President Putin has already explained it very simply. Ukraine does not carry out these strikes. After all, the strikes are carried out by those countries that give permission, because the Ukrainian military does not acquire the targets and provide the maintenance,” Peskov said. “This is done by military specialists from these Western countries, and this fundamentally changes the modality of their involvement in the conflict. This is the danger and the provocative nature of this situation.”

Earlier this month, Washington accused Russia of attempting to escalate the conflict by deploying more than 10,000 soldiers from North Korea to eastern Russia.

At the time, Ukraine’s President Volodymyr Zelenskyy condemned what he called a lack of response from Western allies over the move.

The Ukrainian leader has not yet commented on the alleged use of U.S.-made long-range missiles in Russia but he said during a joint press conference, alongside Danish Prime Minister Mette Frederiksen in Kyiv earlier this week, that Ukraine has “long-range capabilities, including domestically produced drones, the Neptune (cruise missile), and now ATACMS.”

Zelenskyy added that Ukraine “will use all of these.”

Owen Evans and Reuters contributed to this report.

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A Sovereign United States Must Oppose the World Health Organization and Combat Human Exploitation in Healthcare https://economiccollapse.report/a-sovereign-united-states-must-oppose-the-world-health-organization-and-combat-human-exploitation-in-healthcare/ https://economiccollapse.report/a-sovereign-united-states-must-oppose-the-world-health-organization-and-combat-human-exploitation-in-healthcare/#respond Wed, 20 Nov 2024 13:15:47 +0000 https://economiccollapse.report/a-sovereign-united-states-must-oppose-the-world-health-organization-and-combat-human-exploitation-in-healthcare/ (Natural News)—Since 2020, the World Health Organization (WHO) has become a flagship for the worst kinds of bureaucratic tyranny. The WHO has done nothing but promulgate propaganda and trample on the sovereignty of nations, while covering up the vaccine holocaust that was mandated on the world. Not only has the WHO wreaked havoc on global health, but they have also exacerbated discrimination and segregation with their vaccine passport proposals, while ramping up bio-terror and medical fraud with PCR testing mandates, and mass quarantines that lack evidence and due process.

The WHO’s actions during the COVID-19 scandal, driven by corporate interests, have led to an unprecedented assault on individual liberties and societal well-being. Individualized treatment was ditched for a one-size-fits all set of public health mandates that exacerbated human suffering. However, merely ending a relationship with WHO does not do anyone justice. A sovereign United States must go to war with the World Health Organization and fight back against an insidious global health industry and biosecurity state that thrives on power, profit and human exploitation.

Dismantling the WHO is just the beginning; we must confront the biosecurity state in domestic healthcare systems

While disentangling from the WHO may feel like a victory, it is a hollow one unless it is part of a broader overhaul of the entire global public health infrastructure that thrives on hysteria, fraud and unlawful mandates. The WHO is but a cog in a machine that values corporate profits and political control over the health and dignity of ordinary people. It is a tool of biosecurity agendas and profit-driven policies. Simply leaving the WHO will not end this toxic system. This toxic system of human exploitation is embedded into Western healthcare. We need to break away from predatory vaccine experimentation and infectious disease fearmongering, and find an exit strategy from the entire corrupt public health industry.

In 2020, the WHO didn’t just fail the world — it became an active participant facilitating medical fraud, medical error and wrongful death. At the behest of wealthy sponsors and political elites, the organization oversaw policies that disproportionately affected the most vulnerable populations. The behemoth pushed for lockdowns that decimated economies, exacerbated poverty and pushed millions more into food insecurity. The WHO’s reckless actions forced children out of school, denied medical care to those with non-COVID-related ailments and deepened the debt crises of developing nations. Perhaps most egregiously, the organization facilitated an unconscionable transfer of wealth from the most disadvantaged to the pharmaceutical and corporate elites.

This wasn’t an unfortunate mistake — it was a calculated, intentional response to a manufactured crisis. Instead of focusing on protecting the most vulnerable, the WHO facilitated a global power grab, censoring dissent and offering unprecedented privileges to its corporate sponsors. Fostering a climate of fear and control, the WHO set the stage for future exploitation. The result? A generation of young people with stolen opportunities, impoverished nations saddled with insurmountable debt, billions of dollars in profit funneled to pharmaceutical giants and a holocaust ignored.

The WHO’s failure isn’t just a case of poor leadership or bad decisions — it’s a reflection of deep-rooted structural corruption. The organization’s original mission, established in 1946, was to ensure health equity and protect the world’s most vulnerable. But over time, it has become a grotesque shadow of that ideal. Its executives, insulated by lavish salaries and funded by the very corporations it claims to regulate, are increasingly detached from the people they were supposed to serve. This corruption is not incidental — it is intrinsic to the WHO’s very existence.

Davos elite will continue to threaten human freedom and health, while pretending to keep people safe

It is a tragic farce to watch WHO leaders attend elite summits in Davos while millions around the world suffer from the totalitarian policies they impose. These elites are not working for the global population — they are working for the interests of multinational corporations, international finance and the political elites who profit from a system of global control.

Take, for example, the WHO’s recent push to amend the International Health Regulations (IHR) under the guise of pandemic preparedness. These amendments, championed by corporate interests and political elites, would give the WHO even more sweeping powers to dictate national health policies during future crises. The WHO, once a facilitator of global health equity, has become an instrument for a biosecurity agenda that prioritizes global control and private profits over the health and freedom of individuals.

The WHO’s hand is forced by the pharmaceutical industry and the wealthy figures who look to capitalize from vaccine investments. The more money these companies pump into the organization, the more influence they wield over its policies. And the results are devastating. The WHO’s advisory guidelines on things like abortion, gender identity, vaccine skepticism and climate change reflect this unholy alliance. Its push for universal abortion access up until birth, no questions asked, and its endorsement of extreme gender ideology, show a stunning disregard for biological truth and basic human dignity.

The WHO is merely one part of a much larger, systemic problem. The global health industry, in which the WHO plays a pivotal role, is increasingly dominated by a commodity-based approach that uses healthcare as a weapon. Market exclusivity and other profit motives restrict access to healthcare. A corrupt insurance industry eliminates alternative, holistic and individualized approaches to healthcare and stops the progression of healing modalities from being accepted. From Big Pharma to the private donors funding international health initiatives, this industry is driven by the bottom line — whether that means selling dangerous vaccines, controlling supply chains or pushing austerity measures on poor nations. To reform healthcare and restore trust in medical professionals, WHO must be dismantled and its sordid influences must be removed from every healthcare systems.

Sources include:

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The Challenges and Pathways for Trump to Reduce Federal Workers https://economiccollapse.report/the-challenges-and-pathways-for-trump-to-reduce-federal-workers/ https://economiccollapse.report/the-challenges-and-pathways-for-trump-to-reduce-federal-workers/#respond Wed, 20 Nov 2024 13:11:46 +0000 https://economiccollapse.report/the-challenges-and-pathways-for-trump-to-reduce-federal-workers/ President-elect Donald Trump’s efforts to slash federal spending and pare the administrative state will face many challenges and could even force court rulings to determine how much authority the President has over the executive branch of government.

Not least of those challenges will be laying off of federal employees.

Trump announced on Nov. 13 that his administration would establish a new Department of Government Efficiency (DOGE), to be run by billionaire entrepreneur Elon Musk, founder of Tesla and SpaceX, and by former presidential candidate and tech entrepreneur Vivek Ramaswamy.

“These two wonderful Americans will pave the way for my administration to dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies,” Trump said.

Musk has set a goal of cutting $2 trillion from the federal budget. And during his presidential campaign, Ramaswamy proposed laying off up to 75 percent of federal employees. […]

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BRICS’ Kazan Declaration Trumps COP29 Climate Blather https://economiccollapse.report/brics-kazan-declaration-trumps-cop29-climate-blather/ https://economiccollapse.report/brics-kazan-declaration-trumps-cop29-climate-blather/#respond Wed, 20 Nov 2024 13:09:21 +0000 https://economiccollapse.report/brics-kazan-declaration-trumps-cop29-climate-blather/ Gathering in the Russian city of Kazan and hosted by that country’s “alienated and sanctioned” leader Vladimir Putin, the heads of some of the world’s most powerful nations made clear that the so-called climate emergency was a secondary priority for them.

Attendees of the 16th annual BRICS summit represented more than 45% of the global population and 35% of global gross domestic product and included representatives of Saudi Arabia, China, India, Brazil and the United Arab Emirates.

The Kazan declaration they signed builds upon their already strong economic and diplomatic ties under the BRICS framework established in 2009 and expanded since then. However, most mainstream media didn’t notice—or intentionally underreported—that the core BRICS countries – including India, China and Russia – have openly declared that their domestic energy needs and economic wellbeing will take precedence over international climate agreements like the Paris Accords and “net zero” initiatives.

Interestingly, powerful leaders from these BRICS countries—such as China’s Xi Jinping and India’s Narendra Modi—are absent this week from the ongoing COP29 – the U.N.’s annual climate gathering. Only a third of the way through the 11-day COP29, the 80-person Argentinian delegation was called home, adding to the notion that the U.N. summit is little more than an overblown gabfest that produces nothing of substance.

“The departure of Argentina from the global climate talks COP29 in Baku, Azerbaijan, adds to concerns about the global climate fight, following the reelection of climate crisis sceptic Donald Trump, reported Sky News. […]

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Can Elon And Vivek Really Slash $2 Trillion From Bloated U.S. Budget? https://economiccollapse.report/can-elon-and-vivek-really-slash-2-trillion-from-bloated-u-s-budget/ https://economiccollapse.report/can-elon-and-vivek-really-slash-2-trillion-from-bloated-u-s-budget/#respond Wed, 20 Nov 2024 13:07:38 +0000 https://economiccollapse.report/can-elon-and-vivek-really-slash-2-trillion-from-bloated-u-s-budget/ As you’ve probably figured out, the headline above is a trick, a rhetorical question. Because we know going in that our government has spent so much since the COVID-era began that there’s no question it can be cut sharply. And, in answer to the question above, $2 trillion is just a start.

But that’s just a base number set by Elon Musk and Vivek Ramaswamy, tagged by President-elect Donald Trump to head the new Department of Government Efficiency, or “DOGE” for short.

“As President Trump said, what we need is common sense,” Musk said. “This won’t be business as usual. This is going to be a revolution.”

And by that, he means a root-and-branch restructuring of the U.S. government and its sprawling, wasteful mega-bureaucracy, with co-leader Ramaswamy set to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.”

Ambitious indeed. […]

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Trump’s Silver Bullet https://economiccollapse.report/trumps-silver-bullet/ https://economiccollapse.report/trumps-silver-bullet/#respond Wed, 20 Nov 2024 13:07:15 +0000 https://economiccollapse.report/trumps-silver-bullet/ Two key aspects of President-elect Donald Trump’s decisive electoral mandate are leading a working- and middle-class economic recovery and cooling overheated global tensions with the United States’ strategic competitors. These two tasks, which the Biden administration treated as mutually exclusive, can both be addressed by the MAGA agenda’s silver bullet: fossil fuel extraction.

Trump’s choices to lead the Interior and Energy Departments underscore the incoming administration’s commitment to a unified, pro-fossil-fuel energy strategy. At Energy, Trump has nominated Chris Wright, the CEO of Liberty Energy. Wright’s career has been defined by innovation in the energy sector. In 1992, he founded Pinnacle Technologies, pioneering the development of hydraulic fracturing technologies that were instrumental in advancing the commercial viability of shale gas production. Following Pinnacle’s sale in 2006, Wright reentered the energy market by founding Liberty Energy, which has since become a leading service provider for hydraulic fracturing operations.

At Interior and at the helm of the newly created National Energy Council, North Dakota’s Governor Doug Burgum is set to take the reins. North Dakota ranks third in the nation—behind only Texas and New Mexico—in both crude oil production and proven reserves, making Burgum’s state a central player in America’s energy landscape. Burgum, who ran a presidential campaign with a near-exclusive focus on energy policy, brings a personal understanding of the energy industry and a proven track record of championing fossil fuels. His appointment to Interior signals a decisive shift in federal policy: opening federal lands for exploration and extraction. This move has the potential to significantly expand domestic production capacity, bolstering economic growth and energy security.

Though these selections have garnered less press attention than Trump’s less conventional selections at other posts, Wright and Burgum’s appointments send a clear message to global markets and adversaries: The United States is back in business, and we intend to “drill, baby, drill!” The impacts of deregulatory, pro-production policies will quickly be felt both at home and abroad, allowing the Trump administration to deliver quick, substantive wins for the American people.

Though the U.S. faces a myriad of crises, no single issue drove Americans to the polls more than the ongoing affordability crisis. Reckless Covid-era spending, coupled with Biden’s so-called Inflation Reduction Act, fueled a modest rise in core inflation but burdened American households with extraordinarily high consumer inflation. The Inflation Reduction Act, the “Green New Deal” in disguise, delivered entirely predictable results. Gasoline prices rose 37 percent from January 2020 to June 2024. Groceries increased by roughly 22 percent over the same period, electricity costs jumped 30 percent, and the median home sale price skyrocketed by 50 percent. While wages have risen modestly, American households have been unable to keep up with crushing cost increases, fueling record-breaking reliance on credit cards as citizens scrabble to make ends meet. […]

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Businesses Employing Illegal Aliens Brace for Fierce Worksite Enforcement Under Second Trump Administration https://economiccollapse.report/businesses-employing-illegal-aliens-brace-for-fierce-worksite-enforcement-under-second-trump-administration/ https://economiccollapse.report/businesses-employing-illegal-aliens-brace-for-fierce-worksite-enforcement-under-second-trump-administration/#respond Wed, 20 Nov 2024 12:42:57 +0000 https://economiccollapse.report/businesses-employing-illegal-aliens-brace-for-fierce-worksite-enforcement-under-second-trump-administration/ Businesses with illegal alien employees are bracing for a second Trump administration where they expect fierce worksite enforcement by the Immigration and Customs Enforcement (ICE) — a component of the Department of Homeland Security (DHS) gutted by President Joe Biden and Vice President Kamala Harris.

“While much of the incoming administration’s policy agenda for the immigrant workforce is still unknown, employers are gearing up for a dramatic increase in worksite enforcement, as outlined by key Trump officials,” Bloomberg Law reports:

That will include a return of surprise raids of companies suspected of employing unauthorized immigrant workers already promised by former acting Immigration and Customs Enforcement director and Trump “border czar” pick Tom Homan. Employers will also see stepped up I-9 audits that could be just as disruptive for many companies. [Emphasis added]

“This enforcement may come fast, unannounced and really without much warning,” said Scott Bettridge, chair of the immigration practice at Cozen O’Connor PC. [Emphasis added]

Such ICE raids are critical to enforcing federal immigration law, experts have long argued, as some nine million migrants are estimated to be holding American jobs today. Illegal aliens are particularly vulnerable to unscrupulous employers who steal their wages and require them to work long, grueling hours, often in dangerous jobs that can easily turn fatal.

A wide-ranging report from the New York Times, published this week, details a flourishing underground economy where United States-based staffing agents prey on illegal aliens to funnel them into jobs with big companies where they end up being exploited:

Staffing agencies were among the top employers of unauthorized workers at sites inspected for immigration violations over the past decade, according to data collected by U.S. Immigration and Customs Enforcement. The records indicate that at least 160 staffing firms, most of them identified during the Trump administration, employed people with suspicious documents or no evidence of authorization. [Emphasis added]

Despite businesses’ widespread hiring of illegal aliens, few are prosecuted, and nationwide mandatory E-Verify has yet to be approved by Congress. […]

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Xi’s “Four Red Lines” for China Set to Clash With Trump’s ‘America First’ Trade Measures https://economiccollapse.report/xis-four-red-lines-for-china-set-to-clash-with-trumps-america-first-trade-measures/ https://economiccollapse.report/xis-four-red-lines-for-china-set-to-clash-with-trumps-america-first-trade-measures/#respond Wed, 20 Nov 2024 12:24:15 +0000 https://economiccollapse.report/xis-four-red-lines-for-china-set-to-clash-with-trumps-america-first-trade-measures/ President-elect Trump is set to steamroll Chinese leader Xi Jinping’s ‘red lines’ communicated to President Biden this weekend, likely to be on display from day one after he enters the Oval Office for the second time on Jan. 20. This is especially given his campaign promises impose a blanket 60% tariff on Chinese goods, touted as key to a package of “America First” trade measures.

Xi conveyed that he’s willing and ready to work with the incoming Trump administration, during the meeting with Biden that took place on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Peru.

Xi told Biden: “The United States has recently concluded its elections. China’s goal of a stable, healthy, and sustainable China–U.S. relationship remains unchanged.” But the optics at the Peru summit strongly suggest lame-duck Biden had long already taken a backseat in terms of assertiveness over US-China relations…

“China is ready to work with the new U.S. administration to maintain communication, expand cooperation, and manage differences, so as to strive for a steady transition of the China-US relationship for the benefit of the two peoples,” Xi additionally conveyed to Biden. White House national security adviser Jake Sullivan in follow-up emphasized of the “candid” and “constructive” talks–sure to be the last held face to face of the Biden presidency, that Biden “has worked hard to responsibly manage the competition” with China over four years to prevent things from spiraling into conflict.

The some two-hour weekend meeting included what’s being described as an olive branch from Xi, but more importantly a series of ‘red lines’ if Washington wishes to avoid a “new Cold War”. […]

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Trump Social Media Group in Talks to Purchase Crypto Trading Platform Bakkt https://economiccollapse.report/trump-social-media-group-in-talks-to-purchase-crypto-trading-platform-bakkt/ https://economiccollapse.report/trump-social-media-group-in-talks-to-purchase-crypto-trading-platform-bakkt/#respond Wed, 20 Nov 2024 11:44:43 +0000 https://economiccollapse.report/trump-social-media-group-in-talks-to-purchase-crypto-trading-platform-bakkt/ The Trump Media and Technology Group (TMTG) is reportedly close to finalizing a plan to purchase the cryptocurrency trading platform Bakkt.

Two people with knowledge of the talks told the Financial Times that TMTG, which operates Truth Social, is closing in on the all-share purchase of Bakkt, which is owned by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. While the valuation under discussion was not clear, Baakt’s market capitalization was around $150 million Monday.

The outlet said that the deal, if successful, would “deepen” the President-elect’s move into the crypto market. This comes after he began promoting a new crypto venture by World Liberty Financial, and crypto markets have risen in the wake of his Election Day victory.

Trump retains a 53 percent stake in TMTG, which has a $6 billion equity valuation, and the stock has become one of the most actively traded stocks following his election. In the wake of the Financial Times’ reporting on the talks, Bakkt shares rose 162 percent, and TMTG shares were up about 16.7 percent.

Bakkt has faced financial uncertainty since its launch, with the New York Stock Exchange still holding a 55 percent economic interest in the company. The company previously said that its crypto custody business would likely be wound down. Those familiar with the talks said that the crypto custody business, in which digital assets like bitcoin would be held on behalf of customers, would not be included in the deal. The outlet reported, “Bakkt is planning to build a trading platform for institutional investors.” […]

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Jaguar Attempts to “Bud Light” Itself With Cringeworthy Woke Ad https://economiccollapse.report/jaguar-attempts-to-bud-light-itself-with-cringeworthy-woke-ad/ https://economiccollapse.report/jaguar-attempts-to-bud-light-itself-with-cringeworthy-woke-ad/#respond Wed, 20 Nov 2024 11:09:36 +0000 https://economiccollapse.report/jaguar-attempts-to-bud-light-itself-with-cringeworthy-woke-ad/ (ZeroHedge)—British sports car manufacturer Jaguar, one of the most celebrated motorsport brands, first gained prominence in the 1950s with its iconic C-Type and D-Type sports cars, securing seven victories at the prestigious 24 Hours of Le Mans. Jag launched the iconic E-Type at the 1961 Geneva Motor Show and has since produced stylish vehicles for the general public and racing teams.

Given Jaguar’s legacy of racing excellence, their marketing team has just nuked the brand in a manner reminiscent of Bud Light’s controversial ad featuring Dylan Mulvaney, a man who identifies as a woman.

Jag’s new ad, published on X on Tuesday morning, is titled “Copy nothing.”

Yet it looks like their marketing team copied a scene from the movie Zoolander.

The X post was heavily ratio’d, and many people were utterly baffled by how tone-deaf Jaguar’s marketing team has become in an era increasingly shifting away from toxic woke ideology.

“Umm where are the cars in this ad? Is this for fashion?” X user Pixel Prett asked.

Jag’s social media team responded: “Think of this as a declaration of intent.”

Someone else asked Jag: “To go bankrupt? Got it.”

Not one vehicle was shown in the ad. Yet wokeism culture was pushed into overdrive.

Bring back the 1990s, please.

We all have the same question. Maybe Jag is trying to boost its DEI score for year-end purposes…

Jag’s inability to read the room as the wokeism tide in corporate America goes out is troubling for the brand…

Earlier this year, Subha Barry, former head of diversity at Merrill Lynch, told Bloomberg, “We are past the peak” of wokeism.

To sum up, this isn’t the first time Jag has had tranny issues.

Good luck.

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