John Adams: The establishment knows CRISIS is coming

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Via John Adams, regular contributor to Martin North:

Dear All,

Economic Armageddon is no joke and if the past week has taught me something it is that warning the public of the coming economic peril comes at great risk to people like me.

Only in the past month, I was approached by a leading national member organisation, based in Canberra, to help them do some economic consulting work over the December 2018/January 2019 period.

When approached, I was fully transparent with everything I have been doing and saying over the past 3 years including with my website: www.adamseconomics.com.

I told this organisation that my existing body of work and obligations would have to continue, including speaking publicly about the economy and the failings of Government and the Parliament to address the problems and risks facing Australia.

This organisation came back to me (after reviewing my website) and said they were comfortable with engaging me as a consultant (not as an employee) subject that I didn’t speak for them publicly. So hence we reached a deal.

For a two week period, 26 November 2018 to 7 December 2018, I worked for them as an economic policy advisor consistent with the contract and agreement we reached.

Controversial Tweet?

All was going well, that is until last weekend, when I issued a critical tweet about Julie Bishop travelling to Mexico to attend the wedding of Karl Stefanovic, rather than focusing on addressing the public policy problems facing Australia.

The specific tweet was:

“The fact that Julie Bishop MP flew to Mexico to attend Karl Stefanovic’s wedding rather than stay & work on the mounting public policy challenges facing Australia explains why Australia is in a mess.

Parliamentarians are overpaid, vain & obsessed with celebrity!”

https://twitter.com/adamseconomics/status/1071265833333088256?s=20

In my view, this sort of tweet should not be controversial.

Given the serious public policy problems impacting Australia and the economic risks facing the Australian people, I personally consider this sort of comment to be completely ‘in bounds’ for a public economic and political commentator, especially for a country that honours freedom and free speech.

‘The Establishment’ Was Not Happy

However, elements within the Federal Government, the Liberal Party and parts of the national business establishment (who are members of this national organisation) took issue with this tweet as they always seek to protect their own, rather than standing up for the public or national interest.

By Monday morning of this week, I was also told that ‘the political/business establishment’ had gone through my catalogue of economic and political comments from recent years this past weekend and deemed that my views and commentary to be is a political problem.

Although I had been completely transparent with my direct chain of command (before commencing and during the role), a relentless offensive was launched by this establishment over the weekend by placing enormous pressure on the national organisation’s CEO.

Their aim was to have me removed over my views and public comments, even though my direct management line (including the CEO) knew exactly who I was and what I have been saying.

John Adams told to keep silent

This past Monday, things came to a head after a relentless lobbying campaign and I was given a choice.

Even though I had been transparent from the very beginning about who I am and my body of work, I was told that I needed to remain silent for the rest of the duration of my consulting contract on certain people and subjects sensitive to the establishment.

I flat out refused and said this cannot happen.

I told them that helping Australians understand and manage the coming Economic Armageddon is too important for money and hence I walked on Monday night.

Why do they want me quiet?

Last week, a federal coalition member of parliament told me that the establishment (political, bureaucratic, media, corporate) will seek to claim ‘plausible deniability’ (i.e. no one could possibly have seen the crisis coming) when Economic Armageddon comes.

This will be a deliberate tactic as they will seek to escape personal responsibility.

I told this member of parliament that this tactic (which was used in 2008) won’t work this time around.

I said that I have been speaking for 3 years publicly about the economic risks facing Australia and that I have my own website with many articles and over 30 videos with Martin North, among other videos.

I told this MP that innocent Australians will be hurt by the coming economic crisis and I won’t allow the establishment to get away with trying to escape responsibility.

What does this mean for me?

No matter what the political/media/corporate establishment throws at me, I won’t remain silent about the economic problems plaguing Australia and the economic/financial risks facing the Australia people. Economic assassination will not work.

Economic Armageddon is coming and real Australians are going to be hurt.

I am already hearing that some Australians are crying after losing their homes due to defaulting on their mortgages. I am also hearing of distressed workers (especially in the real estate industry) crying as they are worried about the security of their employment and their existing financial stress/debt commitments.

I am committed to helping people such as yourself and I continue to tell my 4-year old daughter Isabella that the role of the Adams’ household is to ‘help the people’.

So how can you help support my efforts?

My body of work and the ongoing collaboration with Martin North and As Good As Gold Australia is not a joke but are a serious attempt to expose the serious economic risks facing Australia. This effort comes at significant economic and personal risk.

Your ongoing support is vitally important as we head towards Economic Armageddon.

Spreading the links to my website, articles and videos are a great help. Also, encouraging friends, family and your contacts to sign up to my newsletter means that I can get my word out to more Australians before it is too late.

My family and I are very thankful to those who have already made a public donation to me via paypal. To those who would like to support my ongoing public work, you can make a donation via clicking on the ‘donate’ button which is at the top of my website.

The Establishment knows that an economic crisis is coming!

Do not be fooled. The Australian and international establishment knows what is coming.

Across the Australian political spectrum, people in Parliament know who I am, what I have been saying and many of them agree with me. To date, only one parliamentarian has had the courage to say something publicly to the Parliament, which is Tim Wilson MP (the Member for Goldstein).

Also, you may have noticed that in the past 24 hours, the former US Federal Reserve Chairwomen Janet Yellen warned a public audience in New York of a new coming financial crisis given ‘gigantic holes in the system’.

https://www.cnbc.com/2018/12/11/yellen-warns-of-another-potential-financial-crisis.html

Only 12 months ago, Ms Yellen said that another financial crisis ‘it is not likely in our lifetimes’!!

https://www.cnbc.com/2017/06/27/yellen-banks-very-much-stronger-another-financial-crisis-not-likely-in-our-lifetime.html

Melbourne and Sydney Seminars

Lastly, a friendly reminder that I will be speaking in Melbourne and Sydney at special two seminars in March 2019 about the coming economic crisis with As Good As Gold Australia. The following video talks about these upcoming events:

https://www.youtube.com/watch?v=mye-XfeyqoU

Seminar information and early bird tickets can be found at the following link:

https://www.thenextbigdrop.com/

Your destiny is ultimately up to you!

No matter what, I am committed to bringing the public the most accurate, insightful and truthful economic information and analysis that I possibly can.

I am also committed to helping Australians who wish to preserve their wealth through accumulating gold and silver (which is something I have been doing personally for the past 2 years). To date, I have been able to help several Australians who have reached out to seek my assistance. For those who need my help in this endeavour, all you have to do is ask.

Having said this, I can only do so much on my end and ultimately it is your choice about whether you wish to become prepare for the crisis for which I can see coming.

I hope to hear from you at some point. Talk soon.

Cheers,

John Adams

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.