ANR Founder Echoes Armstrong Economics Warning Re Australia Could Become a Sri Lanka if We Don’t Change Course as the West Is Close to an Engineered Financial Collapse
By Staff Reporter
ANR Founder echoes Armstrong Economic’s warning re Australia could become a Sri Lanka if we don’t change course, as the West is close to an engineered financial collapse.
ANR Founder, who has sounded similar warnings re a major economic clash coming, said
“Australians should listen to Armstrong Economics warnings, as when systems collapse, it happens very quickly, as we have seen in Sri Lanka.
He said many of us are aware the Western Oligarchs, want to engineer a collapse, to usher in the Great Reset, pushed by Klaus Schwab of the World Economic Forum. It’s a dangerous form of Global communism, and a police surveillance state. That’s the real reason they pushed the falsified Covid pandemic. The elite who own the Federal Reserve can’t print any more money, without causing massive inflation. But they need to raise interest rates so fast and so high to stop inflation, that it will destroy Global Economies, so they have no option left to collapse the system to bring in a new one they remain in control of.
The West is an effective puppet regime, with the biggest puppet in Joe Biden. Australia, included, is a Globalists puppet state, dictated to by the elite billionaire families who own the west. Biden’s puppet masters.
They are creating food and energy shortages under the guise of Climate Change and blaming Russia, and pushing for WW3, by once again wrongly blaming Russia.
It’s an engineered attempt to collapse the system to usher in a One World Government to maintain their control. It used to be a conspiracy theory, but is now evidenced.
But the BRICs nations are pushing for a multipolar world, which we need, and the West is desperate to stop them.
That’s why Australians need to stop believing anything in Western media, and as a nation we need to dump Labor, Liberal the Greens who are all Globalist shills and join the BRICs nations and become a neutral country.
We need to stop provoking our largest trading partner because Washington is blackmailing us that China is a threat just like they blackmail Europe that Russia is.
Both Russia and China are not showing any evidence of imperialism. Only the West has a monopoly on that.
Our problems stem from western citizens falling for the Western Oligarchs media propaganda.
If enough awaken, then we can avoid a financial collapse and WW3.
Half the population or more has no idea how close we are to a total collapse.
They will go after our farmers next, under the guise of an overhyped cattle disease to slaughter farmers herds, to create domestic food shortages and tax fertilisers to make them unaffordable to bankrupt farmers, as Gates and Climate Change zealots want us to eat insects and bugs and fake meat. They also foolishly believe renewable energy can replace our cheap energy, such as gas and coal, that we are paying a fortune for.
When as much as it would be nice if it could, it’s a pipe dream that simply can’t achieve anywhere near what’s required. Europe will be going back 500 years this winter and burning firewood. So much for green energy. It’s a fraud to rape taxpayers and delude the lefties.
It’s a lie and a fraud which will see the destruction of our way of life,” he went on to say.
Expert Says Australia is at Risk of Chaos on The Streets Like Sri Lanka Because of Our Huge $1.2TRILLION Debt and High Inflation
Australia could spiral into political and social unrest similar to the violent protests unfolding in Sri Lanka as inflation soars, a top economist has warned.
Political and economic commentator John Adams cautioned trillions of dollars of debt and surging inflation had put Australia on a crash course for economic disaster.
A lot of Australians think that we have a standard of living which we earn, or we are entitled to,’ Mr Adams told the In the Interests of the People YouTube show hosted by Digital Finance Analytics principal Martin North.
‘The last 20 to 25 years we have lived a particular way in Australia using a big international credit card and in net terms, we owe the world $1.2trillion and in gross terms it’s about $2.5trillion.
‘That’s why we live the way we live. Not because we produce goods and services and sell them to the world, it is because we are living beyond our means.’
The comparison may seem far-fetched, with Australia’s wealth per person being 15.7 times higher than Sri Lanka – which is also grappling with 45 per cent inflation after it banned agricultural chemical fertilisers in a bid to go organic.
But Mr Adams added Australia could ‘easily go into a Sri Lankan situation if things were to unravel’ with the country plagued by protests for the past 100 days.
Protests erupted across Sri Lanka following the collapse of the country’s economy, soaring inflation, severe food and fuel shortages, and ongoing blackouts.
Gotabaya Rajapaksa, 73, was forced to resign as president after he and his family were accused of siphoning money from government coffers for years and his administration hastening the country’s collapse by mismanaging the economy.
He had also banned chemical fertilisers in a bid to make farming organic, which led to a surge in food prices.
Rajapaksa fled to Singapore, after protesters last week stormed his mansion in the capital, Colombo.
As recently as 2019, the World Bank had classified Sri Lanka as an upper middle-income country, but that began to unravel in 2020.
The country’s rapid decline was all the more shocking because, before the recent crisis, the economy had been expanding, with a growing, comfortable middle class.
Mr Adams said surging inflation was a massive factor that sparked the widespread protests, as millions were unable to afford basic necessities.
‘The situation has unraveled in Sri Lanka for June, where inflation has now peaked at 54 per cent and for food, in particular, inflation is running at 80 per cent,’ he said.
‘And so basically if you’re poor in Sri Lanka you can’t eat, and we’ve seen a huge 75 per cent of the Sri Lankan population has basically reduced their food intake over the last two months.
‘And so people are very nervous about a humanitarian crisis happening.’
The World Bank last year calculated that Australia had a per capita gross domestic product of $US59,934 compared with just $US3,814 for Sri Lanka.
Sri Lanka’s headline inflation rate in May was 45.3 per cent, compared with 6.1 per cent a year earlier, figures from its own central bank showed.
Inflation doubled in just two months, up from 21.3 per cent in March.
Mr Adams warned Australia was grappling with its own inflation crisis, with cost-of-living soaring and prices for petrol and groceries skyrocketing.
Treasurer Jim Chalmers warned in June that the inflation rate will be ‘certainly higher’ than the 5.1 per cent rate in the March quarter and will get worse.
ANZ is expecting June quarter inflation data, due out on July 27, to show the consumer price index soaring by 6.3 per cent, which would be the steepest in 32 years.
The major banks are expecting the Reserve Bank of Australia to hike rates in August, September and November.
This would add to the increases in May, June and July of 1.25 percentage points – the steepest since 1994.
The Commonwealth Bank, Australia’s biggest home lender, is expecting a nine-year high RBA cash rate of 2.6 per cent by November.
Most developed nations are battling high inflation largely due to supply chain disruptions, the large amount of money printed during the Covid pandemic and high energy prices as Russia’s war on Ukraine pushes up petrol prices.
Reserve Bank governor Philip Lowe has foreshadowed seven per cent inflation in 2022, which would be the highest since the 7.7 per cent rate in the June quarter of 1990.
‘The Reserve Bank has said something around seven per cent, and that doesn’t seem to me to be wildly off the mark,’ Dr Chalmers said.
But far from being an economic disaster, Australia’s unemployment rate in June fell to a 48-year low of 3.5 per cent, down from an already low 3.9 per cent in May.
Treasury is expecting Australia’s gross government debt to climb above $1trillion in 2022-23, making up 44.6 per cent of gross domestic product following $300billion worth of Covid stimulus measures when the pandemic began in 2020.
Sri Lanka owes billions of dollars to China, while Australia has China as its biggest trading partner.