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  • Danny B
    replied
    Armstrong looks at global capital flows. Americans don't seem to look past the oceans. If you search on "death of the dollar", it returns,,
    About 262,000,000 results (0.57 seconds)
    What about the reality? Here is the chart, https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=tBwKe_CF
    https://www.zerohedge.com/markets/wh...gin-call-looks

    Charles Hugh Smith sees MMT as being hyper inflationary,,, like many others. Armstrong has pointed out that hyperinflation shows up when people loses confidence in the State and, the currency. IF, money is doled out to people to survive, that would improve confidence.
    Contrast that with conditions in El Salvador. People stand out on the side of the highway with their starving children. They wave a white flag to show that they
    have nothing to eat. They don't ask for money. They beg for any scrap of food that you can give them.
    Smith, 10/20 Will the stock market be dragged to the guillotine? – Charles Hugh Smith

    10/20 The Fed says the federal budget is unsustainable – Mises Institute
    10/20 America’s political and financial institutions are broken – Money Metals
    The great reset and, digital currency is the hoped-for solution. I'm not so confident.
    10/20 Fed’s Bostic says significant parts of U.S. recovery are nonexistent – Reuters
    Someone finally noticed.
    10/20 Loose monetary policy is worsening wealth inequality – Live Mint
    Yeah? think so?,,, Stop all stimulus and see what happens.

    10/20 Glenn Greenwald trashes media ‘cone of silence’ around Biden emails – Fox
    Here's one for you old timers.
    https://www.youtube.com/watch?v=HWtPPWi6OMQ





    Leave a comment:


  • Danny B
    replied
    Notes from Armstrong;
    There is ABSOLUTELY no way we are headed back to normal. This is NOT going away. They are pushing for Digital Currencies very rapidly. The target is still by January 1st. They will default on the debt outside the country by converting everything to perpetual bonds.
    The central banks will simply declare this as capital. It will clean the balance sheets and allow them to start over again with normal interest rates set by credit risk.
    We have reached the end of an era. There remains a serious risk depending on where the market closes for year-end, but we are staring in the eyes of rising rates on the 10-year level across the board in European debt with the dramatic expansion of the ECB balance sheet. It is smelling like the end is near

    This is not going back to the pre-COIVID normal. It will also not be what the majority think.
    However, this attempt for the Great Reset is also pushing the crisis in reducing the food supply at a time when we should be stockpiling it.
    QUESTION #1: If China is held liable for the virus damage then why could we not void all the bonds they hold as a payment for their damage to our economy? That would free up some debt and be a stimulus as well it would seem to me. The CCP is working every day to bring down the USA and this release of a virus that has crushed our economy. Yes, this is part of a global cabal for sure.
    MTB

    ANSWER#1: If the US, Europe, or Canada ever did that, they will forfeit their credit standing and nobody else will ever trust them again.
    My fear is that this Great Reset is a real agenda and they are trying to take over the United States. Why do you think all the Tech companies are blocking anything negative about Biden? They have been promised a piece of the action when the digital currency is introduced. The Democrats have already put in legislation to create the digital dollar.
    Yesterday where you talking about a big reset in the economy, on the first hand here in Europe there Europe states are redoing all present debt to perpetual bonds.
    If they have a return rate of 0% or lower are the value in the practice zero or negative. Unless it’s possible to force the state to redeem those in the future. Overtime will they have no value at all because inflation will destroy them.
    ANSWER #4: The central banks holding the debt will simply become part of their capitalization. I have been in meetings with Central Bankers and pointed out the problem with pension funds already even at 1%. I have explained that they will have to provide some yield in return at least 3% by our calculations in exchange for making them perpetual. They will not default outright like Argentina. Politically that would be disastrous internationally.
    -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    OK, it looks like numerous States will force-feed digital currency into the system. Armstrong is certain that all external sovereign debt will be converted to perpetual bonds.
    "start over again with normal interest rates"
    I wouldn't bet the farm on that plan. The FED is setting up for MMT. If they print money, ex nihilo, they don't need to incur ANY interest charges. They don't need to worry about what other States would think or do.
    "rising rates on the 10-year level"
    Armstrong shows a distinct lack of imagination here. FED and Treasury don't need to sell debt or, pay interest. I don't know how this is going to play out but, the payment plans put forth by the Cleveland FED don't mention selling debt to finance liquidity transfers.
    The gorilla in the room who's name must not be mentioned is; the pension system. A return to 3% interest won't save them. It would prolong the agony a bit, but, nothing more. The consumer is broke. How are stock returns going to finance the 7% minimum needed by most pension funds?
    The stimulus will be formalized as MMT liquidity transfers directly to individuals.

    Many pundits talk about a return to 5-6% interest rates. Wages are flat and, the population is shrinking. There is no possible way for a shrinking economy to finance rising interest rates.
    This great reset is planned to bring us digital currency by 2021 according to Armstrong. This move alone will be catastrophic. You just can't blow up the entire financial system and expect a new system to just smoothly take over.

    Leave a comment:


  • Danny B
    replied
    I know that I sometimes ask for a lot of reading. BUT, your personal survival will soon be moving closer to center stage.
    The FED was creating about $1 trillion a month in new liquidity. Even this isn't enough. All Central Banks desperately need a new system. That is why the IMF is talking about a complete reset. The plandemic is just part of what was created to force this issue onto a fast track.
    The new rage is a government crypto coin. The CBs and State are running out of time before markets collapse. They are desperate to get a new system in place.

    "Congress, which is actively drafting bills to send "digital dollars" to the unbanked. For those just catching up, read the following recent articles:"The plandemic was loosed to force a speedy implementation of the great reset that would force digital currencies on us if we had any hope of surviving.

    "Bill Campbell, who warned that "Pandora's Box Of Fed's Digital Currency Will Ignite An "Inflationary Conflagration" - which is spot on in its assessment that this is at its core a central bank Hail Mary attempt to spark drastic inflation across the globe in hopes of "reflating away" the world's untenable debt load"
    COMPLETELY INCORRECT

    "80% of central banks around the world are exploring the idea." Powell also noted that of the $2 trillion in dollar currency in circulation - with this number spiking following the covid pandemic - about half remains outside the US."

    OK, HERE IS A SIDE NOTE;
    https://roundtablereport.com/?p=6402

    News

    Article: Fed Announces It Will Quit Printing Paper Money
    Something tells me that this is a WILD card in the plans.

    "Powell also listed the main reasons why central banks are obsessed with to launching CBDCs, saying that "there are a number of ways that a CBDC might improve the payments system, and it is mainly this area that motivates our interest" which include:
    • Faster and cheaper transactions
    • Addressing a decline in the use of physical currency
    • Modernizing the payments infrastructure"
    He makes NO MENTION of; digital currency can be used to pay the many millions of government apparatchiks.

    This is a MUST READ article explaining just what is at stake for our future.
    https://www.strategic-culture.org/ne...y-vs-republic/



    Leave a comment:


  • Danny B
    replied
    Well, the cat is out of the bag. China created the Wuhan virus with the sponsorship of elements in the West. Primarily, the world health organization.
    Who else is guilty? Who else is involved?
    The IMF has been expounding on the great reset for years now. This great reset is a complete reorganization of the world economy. The world economy is currently, nominally,,,, capitalistic.
    Regulatory capture has brought crony capitalism that closely resembles fascism. Capitalism is the only system that works because it is the only system that allows an individual to get personally RICH. This motivation spreads throughout society. If you take away the motivation of the possibility of becoming rich, you depress motivation in general. all socialist systems eventually go broke because nobody sees any reason to put out more than minimal effort.

    The overlay of the EU bureaucracy on top of existing European State's bureaucracy reduced the GDP of the member States by 20%. What did they get for it?,,, meaningless regulations.
    Martin Armstrong's program, Socrates shows that the government would be MUCH more efficiently run by artificial intelligence. The State does not want to be run efficiently.
    The State is now focused on providing make-work jobs for hundreds of millions of people who have no niche in the private sector. This takes a lot of money.
    In America, we work 105 days every year until tax freedom day. This is the number of days every year that we must work to pay our taxes. In France, it is 205 days. The French government spends 57% of the GDP.

    The great reset is a collaboration of governments worldwide to reset the economy to a Marxist construct. Theoretically, This would provide "eternal" funding for hundreds of millions of bureaucrats. The blob State has always resisted bringing automation to State jobs.
    Parkinson's Law states that GOV bureaucracy grows by 6% a year. Our money supply previously grew by 6% a year. Currently, out money supply is growing by 63% annualized.
    Socialism is the firewall between Darwinian pressures and, the non-producers. What happens when you get too many non-producers?

    Armstrong, "Here is a message from a member of Parliament in Britain. We are looking at the repeal of all rights in Britain, Australia, Canada is moving with internment camps as is New Zealand. They desperately want to do the same in the United States if they can get rid of Trump. Welcome to the “New Norm” it is just out in the open."
    The blob State has previously supported itself by the sale of sovereign bonds. As Europe gets more and more socialistic, they have destroyed their sovereign bond market. They can't sell anything.
    Every 1$ in additional taxes reduces the productive economy by 3$. It also reduces motivation if you see that you will never get ahead. The various left-leaning governments see the limitations of increasing taxes. They are now printing to finance all the non-producers.

    "They" have called for a new Bretton Woods agreement to try to finance emerging socialism.
    Armstrong, "Here is a message from a member of Parliament in Britain. We are looking at the repeal of all rights in Britain, Australia, Canada is moving with internment camps as is New Zealand. They desperately want to do the same in the United States if they can get rid of Trump. Welcome to the “New Norm” it is just out in the open."
    The blob State has previously supported itself by the sale of sovereign bonds. As Europe gets more and more socialistic, they have destroyed their sovereign bond market. They can't sell anything.
    Every 1$ in additional taxes reduces the productive economy by 3$. It also reduces motivation if you see that you will never get ahead. The various left-leaning governments see the limitations of increasing taxes. They are now printing to finance all the non-producers.
    https://www.armstrongeconomics.com/w...-woods-moment/

    The great reset is simply a grab for money. To help bring on the great reset, The Marxists engineered the plandemic & lockdown.
    The Cloward-Piven strategy calls for a complete destruction of government so that a wonderful new socialist system that is equitable for all will emerge.
    Evidently, they have never read a history book. Socialism always fails.
    https://www.youtube.com/watch?v=5Qnkqg4HzeA&t=379s

    Armstrong believes that all these bankrupt socialist States will convert everything to digital currency AND, all sovereign debt will become perpetual bonds.
    https://www.armstrongeconomics.com/m...nterest-rates/

    Trump is the big spoiler in this new-found system for financing socialism. He refuses to go along with the agenda. The Marxists have always claimed that socialism would work if it were worldwide. The planned new world order would enforce this.

    Leave a comment:


  • Danny B
    replied

    All nations go off the gold standard when they are preparing for war. The war would be over shortly if it couldn't be fought on a credit card. State war bonds.
    The Bretton Woods agreement tied all currencies to the U.S. dollar. The U.S. dollar was linked directly to a fixed amount of gold. This precluded States from creating war finance.
    The creators of the welfare-warfare State ended this arrangement.
    The IMF has just called for a new Bretton Woods agreement.
    https://www.imf.org/en/News/Articles...n-woods-moment

    This call for a new Bretton Woods agreement comes from the IMF.
    Reportedly, the IMF is a member of the Club of Rome.
    The club of Rome wants to reduce U.S. and, world population by several billion.
    http://conspiracywiki.com/new-world-order/club-of-rome/

    The original Bretton Woods agreement was a means of stabilizing currencies. The State and the bankers need unlimited elasticity in currency to continue to loot us, and the system.
    23.6% of All US Dollars Were Created in the Last Year
    https://imageproxy.themaven.net/http...fp-debug=false

    There is no possible way to stabilize the U.S. dollar.
    Here is an EXCELLENT article if you can wade through it.
    https://www.goldmoney.com/research/g...lation-is-here
    The speedbumps are just getting bigger.
    "October 15 – Bloomberg (William Shaw, Liz Capo McCormick and Tasos Vossos): “It’s being called the ‘big bang,’ and it has derivatives traders on high alert. In a critical development in the global shift away from old benchmarks that was triggered by Libor’s shortcomings, interest-rate swaps on more than $80 trillion in notional debt will transition this weekend to a new rate for determining their value."
    $80 trillion is going to get re-priced in just one movement.
    That isn't all;
    US Budget Deficit Triples To Record $3.1 Trillion In 2020 As US Spends 90% More Than It Collects


    Here are a couple of vids
    https://www.youtube.com/watch?v=43xrrFW5L3Q

    https://www.youtube.com/watch?v=EGeJ2JJsSyU

    10/17 World Bank economist: Pandemic morphing into ‘major economic crisis’ – Fox
    https://www.zerohedge.com/economics/...pting-oblivion

    Leave a comment:


  • Danny B
    replied
    Here is a vid that lays it all out. The Banking for All act has all the provisions for you to have an account at the FED no later than December of 2021. You can still have an account at a private bank. Keep ion mind that this vid is full of lies.
    https://www.youtube.com/watch?v=uX7VpTqXJhY

    Leave a comment:


  • Danny B
    replied
    McConnel wants stimulus for big business.
    Pelosi wants stimulus for democrat governors.
    Trump wants stimulus for individuals
    It is OBVIOUS that the FED can create liquidity out of thin air. What is contested; where should this liquidity be "injected"

    Socialism is the firewall between the non-producers and,,, Darwinian pressures.
    The 3 classes of non-producing parasites; Beggars, bankers and, bureaucrats.
    Parkinson's Law states that a State bureaucracy will grow by 6% a year regardless of work load. State employment programs seem to grow adequately to absorb the endless flow of bureaucrats.
    What about bankers? When capital was scarce, they served the function of intelligently allocating this capital. When we abandoned the gold standard, capital was no longer scarce. Bankers nowadays are strictly self-serving. They create a loan out of thin air and, collect the interest. The food chain for the bankers is initiated by the FED. The sovereign bond market is the source-spring for speculator liquidity. The money supply grows by 6% a year. Price inflation is always much higher than wage inflation. Poverty of the working class is built into the system.
    Tax receipts and the sovereign bond market are used to finance the blob State.
    The Treasury bond market is used to "finance" the bankers.

    Capitalism is the ONLY successful economic system. Socialism focuses only on consumption and, ignores production. It always goes bust.
    Our current system is "socialism for the rich". FED GOV is creating $ trillions in new liquidity to keep that system going. This necessitates an enormous increase in the quantity of money.
    https://www.visualcapitalist.com/wp-...e-1000x600.jpg
    Socialism for the rich, otherwise known as "crony capitalism" appears to require stupendous new liquidity to keep it going. NOT a good prognosis.

    The creation of the blob State AND, the creation of crony capitalism are both grand departures from true capitalism. Historically, ALL departures from true capitalism have always failed.
    The over-generous financing of bankers and bureaucrats has created a simulacrum of the real thing.
    Liquidity creation has gone vertical on the charts so, that is an indication that the simulacrum is not a viable alternative to the real thing.

    Charles Hugh Smith writes VERY well about this situation.
    "I use simulacrum to describe a carefully constructed representation of a once-authentic system that is intended to shape our behavior to suit the interests of those constructing the simulacrum.

    The simulacrum has the look and feel of the once-authentic system but it's rigged to benefit the few whose interests are better served by the simulacrum than they could ever be served by an authentic system.'
    The point of a simulacrum is to mimic an authentic system realistically enough so nobody notices it's rigged to benefit the few at the expense of the many.
    French Postmodernist Jean Baudrillard's 1981 book Simulacra and Simulation attempts to differentiate Simulacra and Simulation by noting that a simulacrum is not a copy of an original (i.e. a counterfeit) because the original is no longer accessible.
    Contrast this authentic form of capitalism with the monopoly-finance-state version we inhabit, a simulacrum of authentic capitalism that retains enough superficial similarities to the original that the vast majority of participants don't even realize that their experience of this simulacrum is entirely different from an experience of authentic capitalism.

    Rather than draw benefits from this hyper-real monopoly-finance-state version, the vast majority of participants are exploited, as the value of their labor and capital is extracted by the simulacrum version of "capitalism"
    The problem is our system only survives by cannibalizing its weakest parts, and once they've been consumed, the system can no longer sustain itself and it expires.

    Simulacra are not fake, but they are profoundly unstable and prone to collapse. Everything gluing the monopoly-finance-state system together is unraveling due to the excesses of extraction and exploitation the system has perfected.
    http://charleshughsmith.blogspot.com...m-economy.html

    Leave a comment:


  • BroMikey
    replied
    Dow Jones running wild and millions are left to starve.

    This video is a condensed view of the House and Senate.

    Both sides against the middle AND the President.


    Leave a comment:


  • Danny B
    replied
    In 1975, there was a worldwide scare that manmade emissions were causing global cooling. It was true that earth was cooling a bit. After a few years, the temperature swung the other way.
    Obviously, manmade emissions were causing this. Al Gore championed this situation and, eventually amassed a fortune of $300 million. He needed some of this money to pay his electric bill of $10,000 a month. He steamrollered anyone who disagreed with him. A typical lefty tactic. Obviously, a worldwide carbon tax was needed to placate the sun god. This tax would also be useful to fund the blob State. The worldwide collection of hundreds of millions of State employees who knew very well that they contributed nothing to the economy.
    This world of parasites were constantly worried about personal funding. Hence, they were perpetually worried about control of the host.

    Gore was their champion because he was a proponent of control.
    Fast forward to our present situation with the lockdown. This has been a very convenient ploy to ratchet up the mechanisms of control. They have pounded an enormous amount of fear into the populace to justify the removal / suppression of all human rights.
    Armstrong has 2 short articles with 2 short vids.
    The second article has a great vid that explains that the Davos crowd that initiated the lockdown now wants this situation to become the NEW NORMAL.

    https://www.armstrongeconomics.com/w...world-opinion/

    https://www.armstrongeconomics.com/i...wab-his-davos/

    Other writers have pointed out that the lockdowns have been most strict in States that have Draconian gun control. I do hope that you Aussies do come to your senses and protest En Masse.

    Leave a comment:


  • Danny B
    replied
    I had to break this up some. I managed to do the entire previous post without any links. I have to start with a link here. It is a repost.
    https://www.clevelandfed.org/en/news...-pandemic.aspx
    "central bank digital currency (CBDC). Legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments. Other proposals would create a new payments instrument, digital cash, which would be just like the physical currency issued by central banks today, but in a digital form and, potentially, without the anonymity of physical currency. Depending on how these currencies are designed, central banks could support them without the need for commercial bank involvement via direct issuance into the end-users"

    That says it all right there.
    "could be deposited, as liabilities of the Federal Reserve Banks," It does NOT say that these liabilities would be borrowed or paid "back"
    This is the only way that the State can avoid drowning in debt service. This is the only way that the private sector can return to normal interest rate charges.

    Armstrong, "The European and Japanese governments will have little choice moving forward, for they have destroyed their bond markets and are UNABLE to issue bonds that institutions will buy at these crazy rates. It is more than a simplistic printing of money. We are looking at the bond market is collapsing. This is the DESTRUCTION of Capital Formation so in the end, capital must flee anything connected with governments and seek shelter in primarily the stock markets."
    Armstrong's definition of capital formation, ,,GOV prints bonds to finance it's expenditures. The taxpayer is loaded down with taxes to pay the speculators. In addition to
    the tax burden, there is the "inflation tax" that we must all pay.

    Armstrong, "Increasing the money supply, which is what the Fed is doing right now, is not going to save the day because the amount of money lost on a leverage basis is 20 to 30 times that. It’s like throwing a bucket of water into the wind, it’s going to come right back in their face. They can’t stimulate enough. It’s impossible to overcome this."
    GOV knows that the stimulus can only be a temporary measure. They need to get the FED public bank ,,, and, digital money operating ASAP. The quantity of money is rising straight up on a graph.. Like Armstrong says, this won't work. And, why is that? Simple arithmetic. Here is a VERY good explanation of second order effects. This explains a LOT of things.
    https://realinvestmentadvice.com/mac...vative-effect/

    Leave a comment:


  • Danny B
    replied
    As usual, I'm trying to get a better idea of the BIG picture. I have to take bits & pieces from here and there.
    Martin Armstrong said that there would be a bifurcation in the debt markets.
    Private debt would carry a low interest rate.
    Public debt would carry a high interest rate.
    The BOJ and ECB have destroyed their sovereign bond markets. The Central Banks in those jurisdictions are forced to buy GOV bond issuance. The story is only slightly different in America. Capital flight from weak jurisdictions is buying some Sovereign bond issuance in America.

    Total public debt is $26.7 trillion. Even at extremely low interest rates, The interest on the debt is $378 billion. One of the main reasons that GOV drove the interest rates down close to zero is; it makes public debt service possible. If interest rates rose to historical norms, debt service would be impossible.
    Theoretically, GOV can hold the interest rates at zero. BUT, it does enormous damage to the huge multitudes that depend on interest income.
    Armstrong has predicted a bifurcation in interest rates. He is only partially right.

    The Cleveland FED came out clearly and said that the private banking system would be bypassed by the FED when it becomes fully functional as a public bank.
    Capital will be scarce AND, interest rates will go up.
    Contrary to what Armstrong is predicting, interest rates on public debt will disappear.

    Zero interest rate percentage is absolutely destroying the entire system that depends on interest-income. The real danger is in the pension system.
    The longer that GOV creates ZIRP to hold down the cost of public debt service, the more damage it does to the whole rest of the economy.
    GOV must exit this policy. There is no possible way to hold down the cost of debt service if GOV must go to private investors for money.

    Just as Japan has abandoned private investors to finance State spending, the ECB and FED must do the same. Not sure about the BOE.
    The FED, BOE and ECB are all rushing to create a digital currency. This digital currency would be OUTSIDE the bond market & private investors.
    The bond vigilantes would have no power over GOV finances. It is the bond market and speculators that drive inflation. The producing loop of the economy does NOT drive inflation.
    Ben Franklin, “That is simple. In the Colonies, we issue our own paper money. It is called ‘Colonial Scrip.’ We issue it in proper proportion to make the goods and pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one.”
    He mentions producers and consumers but, NOT speculators.

    Eventually, the FED is going to have to come out in the open and admit that it is NOT borrowing the liquidity that it is injecting into the lower loop.
    GOV can't possibly do debt service at an interest rate that allows the producing economy to survive.
    Something has to give.

    Leave a comment:


  • Danny B
    replied
    10/08 Trump: U.S. troops ‘should’ be out of Afghanistan by Christmas – Politico
    NOOOOOOOOOO ! Who will protect the poppies. The Taliban will ONCE AGAIN eradicate them.
    10/08 Is Warren Buffett the wallet behind Black Lives Matter? – Tablet
    10/07 Inflation may spark ‘market’s worst nightmare’, Peter Boockvar warns – CNBC
    Ahh, that is only half the story.
    For The Second Straight Month, The Fed Bought Zero Bond ETFs
    Yesterday, I speculated if the cutoff in stimulus was real or not. If the FED is not buying ETFs, it looks like massive deflation is in the cards,,, starting in the corporate debt markets.

    1 In 5 Americans Could Be "Out Of Money" By Election Day, Survey Finds

    DoubleLine: The Pandora's Box Of Fed's Digital Currency Will Ignite An "Inflationary Conflagration"
    The speculators are all worried about being cutoff from GOV liquidity to gamble with.
    There could be an 'eight billion meal shortage' at America's food banks over the next 12 months

    Leave a comment:


  • Danny B
    replied
    "US households have spent much of the past decade deleveraging, notes John Mauldin in his Thoughts From The Frontline newsletter. Companies haven't. They have grown debt much faster than earnings,"
    https://media.moneyweek.com/image/pr...1_COTW-634.png

    With global debt at an all-time high, some commentators are voicing concern over the increased risk of banks’ corporate lending."
    Rising global debt and the risk of corporate default
    Corporate debt has been screaming higher. Much of it is at risk of default. The corporatocracy is demanding further stimulus.
    Bankrupt States and cities with bloated public sectors are demanding more stimulus.
    https://www.reuters.com/article/heal...-idUSL1N2GX24V
    All the entities at the top are demanding more free money because they over-spent.

    Trump wants to give the stimulus to people who need it to eat,,, to survive.
    https://thehill.com/homenews/adminis...mulus-strategy
    The bloated bureaucracies don't like that Idea. They want the money channelled through them first.
    The Dems are focused on financing the Dem "machine"
    https://www.zerohedge.com/markets/pl...stimulus-fight

    ALL bills in congress are written by special interest groups. They ALL want a big slice of the cake.
    https://www.zerohedge.com/political/...-despise-trump
    10/08 Federal student loans: less than 11% are repaying – CNBC
    The election is very close. Trump will probably approve a standalone bill for the airlines but, that is probably the limit of what will come down the pipeline.
    After election day, the country will be in a pitched battle over the results. There won't be any stimulus forthcoming for a while.

    Leave a comment:


  • Danny B
    replied
    Yesterday, I asked;
    Will Powell and Trump keep the pumps running until the election? Will they strategically stop early or late?
    Remember that the corporatists claimed that they needed stimulus to preserve jobs. That didn't work out as planned so, evidently, stimulus is a thing of the past.
    10/07 Trump’s move to end stimulus talks baffles wall street and washington – CNBC
    10/07 Trump’s ending of stimulus talks will mean a ‘much slower’ recovery – CNBC
    10/07 Airline shares dive as Trump spikes stimulus talks – IB Times
    10/07 S&P Global sees U.S., European corporate default rates doubling – Reuters
    It had to happen sooner or later.

    10/07 Fed Chair Powell calls for more help from Congress – CNBC
    I suspect that Trump has some brilliant way to blame the lack of stimulus,,,, and the resulting defaults on,,,,,,,,,,The democrats.
    Grasping at straws;
    10/07 Despite Trump’s move, markets still expect stimulus if Democrats sweep – CNBC
    10/07 Biden victory could fuel US money-printing & stock market bubble – RT
    No kidding, a stock market bubble and, money printing. It is the UPPER loop that demands unlimited stimulus. The lower loop gets screwed by the resulting price inflation.
    10/06 Stocks tank after Trump tells negotiators to halt stimulus talks – Street
    So, how much carnage will happen before the election?

    10/07 As 98,000 businesses closed, the Fed and Treasury sat on $340 billion – WSOP
    This is probably a good indicator of short future trends.

    10/07 Trump triples down on failed strategies – The Street
    Yep, he is failing to support the money changers.
    10/07 House antitrust committee: Facebook ‘monopoly’ buys, kills competitors – CNBC
    All those mega-brains at facebook and Google never IMAGINED that there would be any repercussions from attacking Trump.
    10/06 U.S. House’s antitrust report hints at break-up of big tech firms – Reuters
    10/07 Facebook bans Qanon across its platforms – CNBC


    10/07 Trump authorizes declassification of all Russia collusion, Clinton docs – Fox
    HRC called it correctly; "He'll put us all in jail"
    HRC and obummer just couldn't give up. They formed a shadow government just down the street from the White House. They continuously attacked Trump and, couldn't let things lie. It never occurred to them that it might all blow up.
    Plus, Soros was pulling the strings and, Soros has NO understanding of Americans.

    10/07 Spy chief docs: Hillary Clinton cooked up Russia scandal – NY Post
    10/07 Get ready for chaos – Daily Reckoning Buy popcorn and beans.
    Kunstler lives with his Thesaurus and, it shows.
    10/06 Out of the woods? – James Howard Kunstler
    Charles Hugh Smith has plenty to say about what happens when corruption takes over.
    http://charleshughsmith.blogspot.com...y-of-life.html

    Interesting speculation / article
    "The virus appears to have targeted Republicans only and left Democrats unscathed."
    https://www.zerohedge.com/political/...s-ask-publicly

    So, will HRC be crucified before the election OR, after?
    The CIA has rolled over;
    https://www.armstrongeconomics.com/i...up-by-hillary/
    Trump's underlings have been chomping away at HRC (and obummer's) underlings working their way up to the big smelly fishes.
    https://www.armstrongeconomics.com/i...ed-by-hillary/


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  • Danny B
    replied
    Definition of financialization
    “Financialization refers to the increasing importance of finance, financial markets, and financial institutions to the workings of the economy.”

    “A pattern of accumulation in which profit making occurs increasingly through financial channels rather than through trade and commodity production.”
    So, they all get rich without actually doing anything productive. How do they get away with that?
    "“The fusion of the interests of domestic and foreign financial capital in the state apparatus as the institutionalized priorities and overarching social logic guiding the actions of state managers and government elites, often to the detriment of labor.”
    Ah yes, Fascism rising. The marriage of BIG GOV and Big business.
    "The above three sentences penned by distinguished scholars took a combined twenty-four years of college to construct, so it is little wonder why it is so difficult for the uninitiated layman to compile the true workings and objectives of financialization."
    CENTRAL TO ALL OF THIS IS MONETARY INFLATION.
    https://www.theburningplatform.com/2...-road-to-zero/

    So, what is the end result?
    http://theeconomiccollapseblog.com/a...holiday-season

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