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Old 02-02-2019, 05:22 AM
Danny B Danny B is offline
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,547
Stupidity squared,,,price inflation,,,public debt

First, Europe.
Macron, "Patriotism is the exact opposite of nationalism. Nationalism is a betrayal of patriotism."
There have been 4,000 serious injuries at the yellow vests marches.
"We call for the continuation of the occupation of the roundabouts and the blockage of the economy, to engage in a massive unlimited general strike starting on February 5th 2019. "
This is STUPIDITY in action. After the Spanish prime minister crushed the Catalan demonstrations, he was kicked out.
Macron is doing the same thing.
Poland is having NONE of this BS. THEY have solidarity,

Salvini, the head of Italy faces charges, "“I confess,” Salvini said in a video posted to his Facebook page, “there is no need for a trial. It’s true, I did it and I’d do it again.”
“I risk 3 to 15 years in prison for blocking illegal landings in Italy. I have no words,”
A court in Sicily has ruled that Interior Minister, leader of The League and all-around Euroskeptic bad-ass Matteo Salvini should stand trial for kidnapping migrants held in abeyance off Italy’s shores."
The boneheads in Brussels seem to believe that they can somehow win these types of confrontations.
Lega Nord and 5 Star will have the last laugh when they default on Italian debt.

The Bank of England is playing fast & loose with the gold it is holding for Venezuela.
This will greatly reduce trust in London bankers,
Here is a great article about the reasons that Pox Americana is in the process of destroying Venezuela.

The FED claims that we need 2% inflation to maintain price stability. Wages haven't gone up since about 1971.
U.S. Inflation Rate, $15,000 in 1971 to 2018

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 520.02% higher than prices in 1971. The dollar experienced an average inflation rate of 3.96% per year during this period.

In other words, $15,000 in 1971 is equivalent in purchasing power to $93,002.59 in 2018, a difference of $78,002.59 over 47 years.

This number depends on statistics that are blatant lies. At a minimum, we have double the price inflation that the FED claims.
If you took $100 and let it grow at 2% for 50 years, you would end up with $269. All of this price inflation was engineered by the FED and, pumped in through the bond market. When the middle class and the lower loop could no longer keep all the money-renters in business, the CBs stepped in with QE. none dare call it money printing. Ostensibly, the free money is given to the banks so that they can stimulate the economy. This never happened because consumption is winding down. Even energy use is falling.
Americans' Electricity Use Just Keeps Falling - Bloomberg

Here is an excellent article about all the damage done by QE.
2/01 Payrolls surge by 304,000, smashing estimates despite government shutdown – CNBC
EVERYBODY and their dog is selling U.S. public debt (Treasuries). U,S, GOV claims that hedge funds, et al are buying the $1.5 trillion in new debt that it has sold.
Remember that Armstrong said that nobody will touch public debt
World Debt Burden has Exceeded $230 Trillion | Armstrong Economics
Sovereign Debt Crisis | Armstrong Economics
Why National Debts Eventually Default | Armstrong Economics
The Coming Public Debt Crisis | Armstrong Economics

FED GOV claims that everybody is slurping up U.S. debt. Call me dubious.
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