“Money does not grow on trees” In fact, the elite status of US currency has been taken for granted and is being eroded by policies that create inflation as well as sanctions that exclude other nations from participating in the global economy that America dominates through its money. There is the danger that the constant erosion could precipitate an avalanche that could cause the dollar to lose its status.
https://www.zerohedge.com/geopolitical/can-america-survive-global-de-dollarization

Bravo, Austrian people! We are getting ever so close to that "King Louis XVI Moment". We can avoid that IF the totalitarians are beat at the ballot box worldwide -- you just have to convince people they do NOT need a nanny to run their lives like so many thoughout the world today seem to think (and they also need to wake up to the fact that government is NOT there to help them, only to keep them as cattle) . . .


Far right wins Austria election, boosting European right-wing surge

Austrian voters handed a first-ever general election victory to the far-right Freedom Party on Sunday, preliminary results showed, illustrating rising support for hard-right parties in Europe fueled by concern over immigration levels.

The Eurosceptic, Russia-friendly FPO held a slim lead in opinion polls for months over Chancellor Karl Nehammer's ruling conservative Austrian People's Party (OVP) in a campaign dominated by immigration and worries about the economy.

Led by the 55-year-old Herbert Kickl, the FPO won 28.8% of the vote, ahead of the OVP on 26.3%, and the centre-left Social Democrats on 21.1%, according to a projection based on nearly all the vote by pollster Foresight for broadcaster ORF, a slightly bigger victory margin than final polls had indicated.

"We've made Austrian history because it's the first time the Freedom Party is Number 1 in a parliamentary election, and you have to think how far we've come," Kickl said after the party's record showing, which came seven decades after its foundation in the 1950s under the leadership of a former Nazi lawmaker.

Kickl's win was hailed by hard-right parties across Europe, where the far-right has made gains in countries including the Netherlands, France and Germany. That growing support could stoke the risk of divisions inside the European Union over key policy areas like the defense of Ukraine against Russia.

Canada’s economy saw one in 20 businesses close in June: StatsCan
#NoMoreLiberalsAndNDP
#SayingTheQuietPartOutLoud
#resigntrudeau
#JustSayNoMore
https://tnc.news/2024/10/03/canadas-economy-one-in-20-close/
via @truenorthcentre

TORONTO, Oct 3 (Reuters) - The downturn in Canada's services economy deepened in September as firms shed jobs and new business dropped to a near four-year low, S&P Global Canada services PMI data showed on Thursday.
https://www.kitco.com/news/off-the-wire/2024-10-03/canadas-services-pmi-hits-six-month-low-september

J.P. Morgan estimated that a strike that shuts down East and Gulf coast ports could cost the economy $3.8 billion to $4.5 billion per day, with some of that recovered over time after normal operations resume. And I think we all know where those billions of dollars will come from. Our pockets. It’s almost certain that prices will go up.
https://www.activistpost.com/2024/10/heres-how-the-dockworkers-strike-could-affect-us.html

The Canadian economy is falling further behind population growth, even as the population slows. Real GDP grew 0.2% in July beating expectations but failing to match population growth. National Bank of Canada warns per-capita GDP has seen a cumulative decline of 3.9% since 2022. That makes this the sharpest non-recession erosion of economic output.
https://betterdwelling.com/this-weeks-top-stories-canadian-real-estate-investors-undeterred-gdps-recession-like-plunge/

Two days ago, I published a Substack piece titled “Here's When Silver Will Surge Like Gold” and followed it up with a related Twitter thread that quickly went viral. On Tuesday, China cut interest rates and unveiled an extensive stimulus package to boost its struggling economy. These announcements sparked a surge in commodities like gold, silver, and copper, bringing my bullish outlook on silver closer to fruition. I decided it was an opportune time for a quick update.
https://www.zerohedge.com/precious-metals/silver-starting-break-out-heres-what-watch

The Liberals are about 20 percentage points behind the Conservatives, who would form a super majority government if an election were held today. The Liberals could end up in third or even fourth place.
https://thepostmillennial.com/95-of-canadians-planning-to-vote-conservative-accused-of-being-disinformed-on-economy-climate-change-right-to-bear-arms-covid-vaccines

Of course the U.S. economy is not doing just fine. In fact, small businesses have been bleeding workers for quite a few months… ADP data shows small businesses with 1-49 workers have been reducing workers for four months. Those with 20-49 workers have shed workers for 7 straight months. And more workers are getting the axe with each passing day.
https://www.activistpost.com/2024/09/is-there-a-secret-ulterior-motive-behind-the-emergency-move-that-the-federal-reserve-just-made.html

Can Canadians trust Pierre Poilievre with the economy? Here are some of the major changes we can expect
#NoMoreLiberalsAndNDP
#SayingTheQuietPartOutLoud
#resigntrudeau
https://www.thestar.com/business/opinion/can-canadians-trust-pierre-poilievre-with-the-economy-here-are-some-of-the-major-changes/article_2f546ea8-6eb5-11ef-889c-e35aa8ab45ab.html