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  • Danny B
    replied
    The State governors claim that THEY decide when to lift the lock down.
    4/15 Trump: It’s my decision, not governors’, to reopen country – Politico
    Armstrong says that long-term damage will be done if the lockdown isn't lifted by May first.
    https://www.armstrongeconomics.com/a...s-governments/
    The Cloward-Piven strategy calls for the collapse of GOV to usher in socialism.

    The US Constitution says that states maintain public order and safety. So far, it has been individual state governors who have issued lockdown or shelter-in-place orders.

    Also on Monday, several US state governors discussed plans to resume economic activity without apparent input from the Trump administration.

    Ten states - seven on the East Coast, led by New York Governor Andrew Cuomo, and three on the West Coast, led by California Governor Gavin Newsom, said they would co-ordinate how to reopen businesses after the outbreak is contained. All but one of the states is led by a Democratic governor.
    WHAT A SURPRISE.
    4/15 Over 25% of Michigan workforce filed for unemployment – Mish
    LOTS of people have stopped paying their property taxes and, the States are going broke. They NEED money from the FED. They CLAIM they will decide when to reopen.
    Trump controls the funds that they desperately need.


    Leave a comment:


  • Danny B
    replied
    I never said that the dollar was no good. It was obvious that all other major currencies were far worse.
    Here is an article from the Saker exploring what our new economy will look like. We've never been down this road before so, his guess is as good as anybody's.
    http://thesaker.is/total-system-fail...o-new-economy/

    Powell's FED is squeezing out the banks,
    “It is also putting the future of American capitalism at risk in a way even the financial panic did not. The Fed and Treasury are becoming the main lenders to American business, and in this storm there is no choice. But will they recede when the virus is defeated? Mr. Powell said Thursday that this is a “truly rare” intervention by the Fed, which will retreat when the virus plague is over. But that is what the Fed also said during the financial panic, and it never did come close to normalizing policy. If the shutdown lasts for many more weeks, the Fed could become America’s lender of first resort."
    https://www.zerohedge.com/markets/ra...nancial-system

    The FED has the only magic money machine. It can undercut the interest charge of any bank. It can pick & choose the winners.

    Hyperinflationists come out of the woodwork again – Mish
    The FED does have to be careful of this problem.
    Weimar America, here we come! Virus hysteria adds $10 trillion to national debt – Unz
    NOPE, it isn't debt if it comes unencumbered from the FED
    4/15 Japan’s national debt to GDP dwarfs those of China and US – Learn Bonds
    It isn't debt if everyone perpetually ignores it.
    4/15 Coronavirus pushes annual deficit forecasts toward $4 trillion – Roll Call

    4/15 Three banks have $7.4 trillion in off-balance-sheet exposures – GATA
    The too-big-to-fail banks are going to have to go begging at the FED. Why do I get the idea that they are going to have to bend WAY over. The FED can do a debt-for-equity swap and, control the TBTF banks.
    4/15 UK economy could shrink by the most in 300 years in 2020 – Reuters
    Maybe this will convince them to abandon endless wars.
    4/13 JPMorgan preps for “biggest wave of mortgage defaults in history” – ZH

    4/15 Bill Gates and intellectual ventures funds microchip implant vaccine – GTM
    I hope that there is a special place in hell for him. I hope that he gets to go there very soon.
    4/15 IMF predicts global contraction on par with Great Depression – Politico
    Great Depression one was blamed on the "dark pools of capital" that ricochetted around the financial system destabilizing everything.
    Those dark pools had a reincarnation as ,,, hedge funds. They are crashing. They are calling themselves "small businesses". They are applying for bailouts.

    Asset manager: “we’ll just buy whatever central banks are buying” – ZH
    They have ALWAYS front-run the FED. I don't think it's going to work out as it did before Trump & Powell.

    Agriculture and the lockdown
    https://www.armstrongeconomics.com/m...n-agriculture/
    The chosenites own the media. The chosenites control organized crime. Here is a question about their first enterprise.
    https://www.armstrongeconomics.com/w...g-the-country/
    Does lockdown make a difference,,, or was it used just to break the economy and, possbly usher in socialism?
    https://www.armstrongeconomics.com/i...no-difference/

    One question about Bill Gates. Keep in mind that all the movers & shakers read Armstrong.
    https://www.armstrongeconomics.com/i...the-dark-lord/
    Some people are shooting holes in the narrative.
    https://www.armstrongeconomics.com/w...navirus-fraud/
    A couple of letters to Armstrong.
    https://www.armstrongeconomics.com/i...-from-germany/
    https://www.armstrongeconomics.com/i...st-from-spain/

    Politics and corruption
    https://www.armstrongeconomics.com/i...f-all-nations/

    Leave a comment:


  • Danny B
    replied

    I posted this damn smiley and, my whole post disappeared.

    Leave a comment:


  • BroMikey
    replied
    Originally posted by Danny B View Post

    Because the U.S. dollar is held in such high esteem, i
    Yeah now. A few years backs under Obama you were telling us the US dollar would never make it, it was junk, void and so forth. Yeah the dollar is up, under Trump. Go ahead repeat after me.

    Leave a comment:


  • Danny B
    replied
    There is a quote that I can't find at the moment. It goes like this'
    "Take everything from the bankers but, allow them to continue to print the money. In a few years, they will have bought everything back"
    The banks and the State are brother parasites. They facilitate each other.
    The U.S. government admits that it lies, cheats, steals and kills.
    The bankers have a predisposition to deceit.
    "In an experiment recently published in the scientific journal Nature, bankers distinguished themselves by their dishonesty."
    "bankers who are reminded that they work in banking are more likely to cheat than people in other lines of business."
    "When will it end? Citigroup recently upped its estimate for looming legal charges for the second time in six weeks. Big banks, including Citi, set aside some $15 billion last quarter for future legal costs. That’s on top of a record-setting $56 billion in legal settlements this year"

    "in the words of a former head of Britain’s financial regulator, so much of what they do seems “socially useless.”
    "There is a growing body of evidence that suggests once the financial industry grows beyond a certain size, it subtracts from a country’s economic growth. Untethered to the economy it is meant to serve, banks devise self-serving, self-referential products and services with massive risks and meager rewards."
    https://qz.com/318564/thats-it-we-ca...bankers-again/

    Because the U.S. dollar is held in such high esteem, it has permeated to all markets around the world. Friend and foe alike lapped up this sweet poison. Confidence brings implementation and, implementation brings confidence. The offshore dollar system is valued at $57 trillion. The FED was able to print dollars for everything. So much of our foreign aid was sent to States that, in turn, spent those dollars on purchases from America. Since everybody needed dollars, the FED was able to extend it's power and influence around the world.
    https://rense.com/general82/final.htm
    The FED was a great enabler of globalization.

    The watchword around the world is; "negative interest rates" ZIRP is so pase. The big problem at the moment; NIRP can be forced on banks. NIRP can not be forced on currency holders. The State wants unlimited funding. Digital currency would allow the State to impose NIRP system wide.
    https://www.marketwatch.com/story/wh...ars-2019-09-06

    The twin brother parasites want unlimited power to execute unlimited currency expansion. The blob State also wants unlimited access to the productivity of the dwindling productive class. Trump has eviscerated the Central Bank. Will he also clamp down on the forces of unlimited currency expansion?
    https://qz.com/1646318/why-trump-and...gold-standard/

    ALL credit bubbles eventually pop.
    "In toxicology, hormesis is a dose response phenomenon characterized by a low dose stimulation, high dose inhibition"
    This is quite true of credit creation. Neither of the twin parasites acknowledge a practical limitation to credit creation. The cure for credit bubble is; to not create them in the first place. GOLD has always served as the governor on credit creation.
    In the absence of a gold standard, we must rely on the honesty of politicians and bankers.

    Leave a comment:


  • BroMikey
    replied
    Everybody is now talking about dates to open the country piece by piece Slowly I turned, step by step
    V shaped rocket recovery comin right up, fasten yer belts (we already tighten'em) look for the morphed eagle bottom right.

    d75b130f7faaced20c22857e937e4bbd175c51bcb3443d424bf16890a6dd1f57.jpg
    Last edited by BroMikey; 04-13-2020, 11:33 PM.

    Leave a comment:


  • BroMikey
    replied
    Originally posted by Danny B View Post
    Yes Mikey, I got that idea. I read about 40 hrs a week. Just the same, I have something for you to read. It is a progress report on Trump's war on China.

    Because of the stability of America, the $$$ dollar is and, has been the preferred store of value. The paper-gold market was invented to drive people out of gold. That is a story for another day. The % of dollar bills circulating outside of America was normally about 50%. It is now believed to be about 70%. People sell us their stuff for little pieces of paper that the FED produces for free. This is ALL about confidence. Since socialism is the road to poverty, people tend to invest in States with the least inclination to "redistribution".
    China has always had draconian crackdowns on freedom. Europe is real big on redistribution by crushing taxes.
    China suffered about $1 trillion of capital outflow. Europe also suffers from capital outfows. This is all related to confidence.

    "External Debt in China averaged 4887.74 USD HML from 1985 until 2019, reaching an all time high of 20573 USD HML in 2019 "
    There is about $13 trillion in dollar-denominated debt in the emerging markets. They need enormous dollar inflows. China has to service over 2$ trillion.
    Because of this long run of stability, the dollar is the reference currency around the world. This dollar-reference system is referred to as the "Eurodollar" market.
    The nominal value of this market is $57 TRILLION.
    EVERYBODY needs dollars to service dollar-denominated debt. ONLY the FED can give them dollars. The FED is sending out megatons of dollars to some States. Japan desperately needs dollars for their debt. Japan is spending $ billions to relocate industry OUT of China. Who do you think supplied those dollars?
    Powell can send dollars to anybody who is willing to go along with OUR game.
    Here is a great article on the so-called Eurodollar system.
    https://www.zerohedge.com/markets/do...-behind-it-all

    China is sinking down day by day. They have food riots. They will have massive defaults to everybody.
    Thank you Danny, I work 60 hours a week and read maybe1 hr per day which I think it good. Most people have to work everyday at least 8 hours then taking care of the wife and home and children is priority. Here is a direct quote from the DoD computers, none other than Q who is the highest level. Remember who Q represents - 800 generals and many more. Partial quote here

    Identity creation?

    How does the average person, who is under constant financial stress (by design), find time to research and discern fact v fiction?

    Majority of people more prone to believe someone in power sitting behind a big brand ‘news’ name?

    Q

    Leave a comment:


  • Danny B
    replied
    Yes Mikey, I got that idea. I read about 40 hrs a week. Just the same, I have something for you to read. It is a progress report on Trump's war on China.

    Because of the stability of America, the $$$ dollar is and, has been the preferred store of value. The paper-gold market was invented to drive people out of gold. That is a story for another day. The % of dollar bills circulating outside of America was normally about 50%. It is now believed to be about 70%. People sell us their stuff for little pieces of paper that the FED produces for free. This is ALL about confidence. Since socialism is the road to poverty, people tend to invest in States with the least inclination to "redistribution".
    China has always had draconian crackdowns on freedom. Europe is real big on redistribution by crushing taxes.
    China suffered about $1 trillion of capital outflow. Europe also suffers from capital outfows. This is all related to confidence.

    "External Debt in China averaged 4887.74 USD HML from 1985 until 2019, reaching an all time high of 20573 USD HML in 2019 "
    There is about $13 trillion in dollar-denominated debt in the emerging markets. They need enormous dollar inflows. China has to service over 2$ trillion.
    Because of this long run of stability, the dollar is the reference currency around the world. This dollar-reference system is referred to as the "Eurodollar" market.
    The nominal value of this market is $57 TRILLION.
    EVERYBODY needs dollars to service dollar-denominated debt. ONLY the FED can give them dollars. The FED is sending out megatons of dollars to some States. Japan desperately needs dollars for their debt. Japan is spending $ billions to relocate industry OUT of China. Who do you think supplied those dollars?
    Powell can send dollars to anybody who is willing to go along with OUR game.
    Here is a great article on the so-called Eurodollar system.
    https://www.zerohedge.com/markets/do...-behind-it-all

    China is sinking down day by day. They have food riots. They will have massive defaults to everybody.

    Leave a comment:


  • BroMikey
    replied
    That is more than I can read in one day Danny. I am lazy and like video news

    USA ECONOMY BOTTOMS

    Leave a comment:


  • Danny B
    replied

    Here are a few links for interesting reading.
    Trump has "nationalized" the FED by supporting private enterprise. NOT true. The FED was nationalized decades ago when it was forced to support wars. The ORIGINAL charter of the FED required it to support private enterprise. This is a return to the original purpose of the FED
    https://www.armstrongeconomics.com/a...izing-the-fed/

    Here is a very good article on the death of money.
    http://creditbubblebulletin.blogspot...oney-died.html
    It would be more accurately called "the death of the speculative bubble."

    The Maestro, along with later CB heads demanded that WE have 2% price inflation per year. This fostered great enrichment of those who were closest to the money spigot.
    Here is a graph that shows just how well they are dong comparative to the rest of us.
    https://www.zerohedge.com/markets/ev...rica-one-image

    “In fiscal year 2019, the federal Government spent $4.4 trillion, amounting to 21 percent of the nation’s gross domestic product (GDP). Of that $4.4 trillion, only $3.5 trillion was financed by federal revenues. The remaining amount ($984 billion) was financed by borrowing. As the chart below shows, three major areas of spending make up the majority of the budget.”
    Think about that for a minute. If 2019, if 75% of all expenditures went to social welfare and interest on the debt, those payments required $3.3 Trillion of the $3.5 Trillion (or 95%) of the total revenue coming in.
    That was BEFORE the shutdown of the economy due to COVID-19,
    “John Maynard Keynes’ was correct in his theory that in order for government ‘deficit’ spending to be effective, the ‘payback’ from investments being made through debt must yield a higher rate of return than the debt used to fund it.”

    Apparently, the FED is going to fund everything WITHOUT incurring any interest charges from the banks. No more interest charges. As the FED funds every Tom, Dick and Harry, nobody goes to the banks for loans.

    "Excluding brief periods of exuberance at the end of the 1920s and 1960s most public companies historically were staid organizations - they grew a few percent a year and paid out some of their profits in dividends. Boards of directors were mainly recruited from large shareholders who were more focused on sustainability"
    Then came Mike Milken and his cohort of extortioners and restructuring artists.
    https://www.zerohedge.com/markets/be...al-engineering


    It has long been claimed that America stood in the way of world socialism. There are a LOT of people in government on-board with destroying the economy.
    https://www.armstrongeconomics.com/i...-of-democracy/
    Apparently, the blob state is getting quite worried with their sinecure.


    Here is the abbreviated version. I didn't save often enough.
    Powell is putting the torch to the wall Street banks.
    https://wallstreetonparade.com/2020/...al-allocation/

    The death of money could be more accurately called the death of the upper loop.
    http://creditbubblebulletin.blogspot...oney-died.html

    The shysters took over post Milken.
    WEIRD 2 times now copy & paste has refused to post the chosen link. It posts something completely different. Try again.
    https://www.zerohedge.com/markets/be...al-engineering






    Leave a comment:


  • Danny B
    replied
    https://wallstreetonparade.com/2020/...al-allocation/
    $hit, erased everything again when I posted this link

    Leave a comment:


  • Danny B
    replied
    As everybody knows, most of my posts are disjointed collections of information. That's just the way that my mind works. I pull in information from all over and try to form a picture that joins the bits together.
    CoVID 19 has created the biggest battleground in world history. The lockdown has provided weapons for all sides. Here are some facts to put together.

    Adolph Hitler and Benjamin Franklin create monetary systems that originated & paid out money for work done. Both systems were wildly successful.
    Both systems inspired and initiated wars from the bankers.
    Winston Churchill, " WW II could have been avoided but, the bankers wanted it."
    Benjamin Franklin said that the printing of Colonial paper money led to the revolutionary war,
    https://www.peakprosperity.com/forum...-hid-from-you/

    In a report from the G-20, they expressly state that the Central Banks were created to finance wars. The biggest battle over money creation was / is; where do you inject the money? Hitler and Franklin injected the money into the lower loop of the economy. We got a couple of big wars for that to warn others NOT to try it. The money lenders used regulatory capture and murder to keep loaning money to the state at interest. JFK printed State money. After he was killed, LBJ stopped the printing 11 days later.

    Banking was originally invented so that bankers could intelligently disburse scarce capital for needed projects to improve the human condition.
    In early years, the CB got into the business of direct war finance with Liberty Bond Issues 1917–1918 at 4%. Wars could NOT be prosecuted except on credit. We all paid the "inflation tax" so that the money lenders could make huge returns on war investments.
    Keep in mind that; 50% of the price that you pay for anything is for interest charges. It runs 19% for trash collection and, 78% for public housing. You can see why China can undercut American prices.

    The money lenders are fighting to keep the status quo going. The government will continue to borrow it's own money from the money lenders.
    The lucrative war contracts will continue to flow. Protection of the mother country will continue no matter how expensive it is.

    Monetary injections into the upper loop have destroyed the lower loop This crony capitalism has caused blowback that brings a lot of interest in socialism. The Marxists hope to crash down the whole economy so that a more just system will rise up out of the ashes.
    Meanwhile, the self-appointed elites plan to crash it ALL down to bring in a digital money created by the IMF. The SDR will never fly because it is controlled by the West.
    These same elites want a draconian lockdown of ALL liberties. They have reached their goal with the "social credit" system in China. Every detail and every nuance is recorded and acted on.
    The "eugenicist" wants a reduction in weak genes and, poor people. The Marxists want a debt jubilee. The money lenders want a continuation of war and debt-slavery.

    “Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.” – John Adams
    Trump is taking on the whole system.
    Continued...

    Leave a comment:


  • Danny B
    replied
    Originally posted by BroMikey View Post
    lying corporate interests such as the media face charges in court.
    There isn't any law against lying.

    Couple of notes.


    https://www.armstrongeconomics.com/w...ness-doctrine/

    https://www.armstrongeconomics.com/w...en-our-demise/

    https://www.armstrongeconomics.com/w...d-accountable/

    Leave a comment:


  • BroMikey
    replied
    See the fake news? And how the media is sad? Are you sad too?

    https://twitter.com/realDonaldTrump/...92100236460033

    “The President and the Federal Government are doing an excellent job. When they say the death toll isn’t going to be as high as reported, they (the opposition) act like they’re sad because it’s lower. I think they are (Press Conferences) wonderful.” West Virginia Resident, C Span

    Leave a comment:


  • BroMikey
    replied
    Even Fox News is corrupt not allowed to report all the news or they get fired.


    https://twitter.com/realDonaldTrump/...93268920467457

    Watching @FoxNews
    on weekend afternoons is a total waste of time. We now have some great alternatives, like @OANN

    .

    Leave a comment:

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