Economic pressures

[BroMikey]

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

[BroMikey]

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

[Danny B]

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.

[BroMikey]

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.

[Danny B]

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

[Danny B]

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/

[Danny B]

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.

[Danny B]

Well,
up until about a week ago, I was very pessimistic. Trump has nationalized the FED and, it is now the lender of FIRST resort.

Previously, all new money was pumped into the system through the primary dealers and the private banks. The money-renters were closest to the spigot. They didn't worry about currency inflation causing price inflation because they were at the head of the line.

For decades, the banks, both public and private had over-capitalized the upper loop of the economy.

Trump is trying to re-capitalize the lower loop of the economy. Yes, it is going to be messy.

Powell continuously states that he is strictly following the mandate of congress. He wants to be out of the way when the **** flinging starts.

Everybody is continuously condemning Keynesian economics. Keynes advocated counter-cyclical stimulation, NOT continuous stimulation.

Congress broke with the banking interests who have major control over it. They saw the pitchforks and torches looming on the horizon.

The voices of the rich are screaming loud and long that this is socialism. NO, it is a response to, among other things, automation.

The FED is going to take over most loan origination. This shouldn't come as any surprise.

Keynes, long ago championed the idea of "euthanasia of the rentier". Using regulatory capture, the money renters have severely abused the system. Things are turning around.

That's not to say that everything is going to be OK. ALL democracies eventually blow up when the people realize that they can vote for a living instead of working. 51% of Americans receive a check from GOV. 44 million are on direct support. 22 million "work" directly for GOV

[Danny B]

4/16 Economic data even worse than Wall Street feared: ‘economy in ruins’ – CNBC
YES, bail us out.
4/16 Bankers are hemorrhaging physical silver to start April – Maalamama
I bet that hurts.
4/16 U.S. Mint halts gold coin output just as demand is surging – GATA
Maybe they ran out.
4/16 Fitch cuts Mexico rating to one notch above ‘junk’ – Reuters
That WILL hurt.

4/14 Inflationary and insolvency implosion of the bond market – Michael Pento
That's not my problem,,,, yet
4/13 JPMorgan preps for “biggest wave of mortgage defaults in history” – ZH
Wait, bigger than the 2008 housing collapse?
4/16 Bloomberg admits that only gold is real and markets are illusions – GATA
4/16 Banks brace for big loan defaults by US, global customers – AP
TARP was a handout when Goldman Sachs ran the treasury. NOT going to happen again.

Zero Hedge
22 Million! The Last 4 Weeks Has Erased All The Jobs Created Since The Great Recession
Housing Starts Collapse By Most In 36 Years
"Something's Gone Wrong": UK Government, Banks Screw Up COVID-Loans, Small Firms Near Collapse
Man Waiting For $1,700 Stimulus Check Finds $8.2 Million In Bank Account Instead
Tverberg: Why Economies Won't Be Able To Recover After Shutdowns
Rabobank: Can Everyone Be Paid To Do Nothing While Markets Hit All Time Highs

[BroMikey]

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[BroMikey]

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[BroMikey]

Stimulus paper checks coming on time dealing with money and how the MSM uses their power to confuse.
More checks coming, crashing the CB. FED is now a yoyo

[Danny B]

4/18 Elites already prepared for a collapse of the dollar bubble – BG
Ummm, it doesn't work that way.
4/19 Trump now says strong dollar is good, yet markets beg to differ – GATA
The dollar is considered a "safe haven" AND, everybody needs then to service dollar-denominated debt. This will drag down very other currency.
4/19 Coronavirus man-made in Wuhan lab: Nobel laureate – Times of India
Maybe not
. 'Mapping the network of changes and mutations.
https://www.rt.com/news/486194-study...outhern-china/

4/19 Maintaining asset values will require ‘infinite’ money creation – GATA
UMmm, that isn't really money.

4/19 Crazy Cramer and Kookoo Kudlow hatch coronavirus war bond goose egg – GR
Everytime that the economy faltered from inflationary excesses, GOV sold some kind of bonds. War bonds were particularly useful. Over the decades, more and more GOV bonds were sold. The debt service has gotten so high that GOV drove down the interest rates to avoid bankruptcy. ZIRP and NIRP have destroyed most of the economy.
4/19 China won’t be able to bail us out this time – Bloomberg
China isn't going to be bailing out anybody.
4/19 CLOs face “extinction level event” as Moodys prepares mass downgrade – ZH
Yep, derivatives were long ago named "weapons of mass destruction" The collapse of collaterialized loan obligations will start one more chain of financial collapse.

4/19 Pelosi says ‘very close’ to coronavirus funding deal – Reuters
The first $350 billion for small business lasted for 2 weeks.
"Federal Reserve Assets were up $288 billion last week to a record $6.638 TN, with a six-week gain of $2.126 TN. M2 money supply expanded $78 billion, with a six-week gain of $1.236 TN. Fed Assets were up $2.436 TN (62%) over the past year, with M2 up $2.221 TN (15.3%)."
"The U.S. has lost 22 million jobs in three weeks, in one of the steepest downturns on record. No one wants to see such hardship, and we all would prefer to limit “permanent damage to the underlying fundamentals of the economy.” But how can we completely turn our backs to permanent damage to “money,” as well as trust in our central bank, markets and finance more generally?"
TOO LATE.

"we witnessed unprecedented moves by the US Federal Reserve to buy low-rated bonds and even exchange traded funds of junk debt. Markets reacted with glee at being rescued yet again. One strategist on Wall Street even called it a ‘gift from the Easter bunny’."
"Reuters (Howard Schneider): “U.S. small businesses may need as much as $500 billion a month to fully ensure their survival through the widespread closures and disruptions slamming their revenue during the coronavirus crisis,"
http://creditbubblebulletin.blogspot...us-things.html

Kunstler, "Money is not an economy. Money is a medium of exchange within an economy where people grow things, make things, move things, and serve each other in countless ways. We’re not going to replace all those growings, makings, movings, and services by just giving people money. Money may produce more money by the magic of compound interest, but money is not necessarily wealth, it just represents our ideas about wealth"
https://kunstler.com/cluster****-nation/flight-path/

[BroMikey]

Economic crash of the central banks is near. USA deals and supply lines have been rerouted. Covid 19 bioweapon failed to close the USA indefinitely. Game over. Crash is near for the Deep state. Small businesses are getting the money THIS TIME. India will build thing China use to. Oil does not control us. Tax cuts coming again. Gas prices are like a tax cut. More money to the people, screw the banks who have robbed the USA blind since the 70's.
-

[Danny B]

I need a separate post for Armstrong. Keep in mind that ALL democracies crash and go bankrupt. Armstrong claims that the Left is bankrupting America. He also claims that the pandemic shutdown is bankrupting America.
https://www.armstrongeconomics.com/a...hood-near-you/
"All the headstrong people talking about hyperinflation and the dollar will crash who lost a fortune on the way down since January, are going to lose everything between now and 2022."

Socialism and tracking,
https://www.armstrongeconomics.com/i...is-the-agenda/
https://www.armstrongeconomics.com/w...hey-are-doing/
European socialism,
https://www.armstrongeconomics.com/i...munist-agenda/
The muzzies are growing restless. Just wait til the EU is bankrupt.
https://www.armstrongeconomics.com/w...ng-in-belgium/

Big, Bad, Bald Ben Shalom Bernanke swore that the could have prevented Great Depression One. He said that there was just not enough liquidity in the system.
So, the president gave him and Greenspan his blessing to pump in as much liquidity as they wanted. The feces-for-brains, head of the FED pumped the new liquidity into the money-renter, speculative loop. The main body of people have no consumptive power. Only a complete fool would believe that hyper-inflating the speculative loop would somehow rescue the middle class.
The bankers took our 401k money and, used it to build up China and India. This allowed huge wage arbitrage to be handed out as dividends. The bankers are now demanding hundreds of $billions to keep them fat&happy now that the middle class can no longer support them.