So, we see a $3 trillion handout
AND
A $4 trillion increase in savings.
This is a net deflation in the supply of circulating money.
"Economists at the University of Chicago estimate that more than two-thirds of the workers on unemployment insurance are making more in jobless benefits than they did at work. Some are even hauling in two to three times as much.
Weekly unemployment payments of $600 granted by CARES Act have been a great boon for many unemployed workers. These weekly payments also provide a government incentive not to work.
Portman, for instance. He’s proposing a $450 weekly ‘return-to-work bonus.’ The purpose of the proposal is to incentivize people to return to work by giving them free money.
https://economicprism.com/this-is-a-...tal-breakdown/
The West is stuck at the global mean wage. Adding to your salary gives you a wage increase that you need to compensate for global wages.
FASCINATING infographic on the "money"| supply. Most of what we call "money" can lose all it's value overnight.
https://www.visualcapitalist.com/all...lization-2020/
Why the Amazing Leap in Savings Rate to Record 33 Percent?
Confidence lost
Gold is in trouble. There isnt sin't enough of it. Big players are leaving before the final explosion.
ScotiaMocatta is closing its precious metals operations and taking a loss to do it. Mocatta Bullion has been in operation since 1684 and was one of the largest operators on the Comex in gold and silver.
http://news.goldseek.com/GoldSeek/1590771230.php
Mocatta didn't want to be left holding the (empty) bag.
The V shaped recovery.
Nearly Half Of Small Business Owners Expect To Close Down Permanently
5/30 Hong Kongers scramble to swap their currency for US dollars – Zero Hedge
CONFIDENCE
Announcement
Collapse
No announcement yet.
Economic pressures
Collapse
X
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Liquidity injections can raise the price of a stock but, they are no substitute for earnings. Without consumption, earnings just don't happen.
https://www.zerohedge.com/markets/wh...er-next-decade
The FED can not let off the gas pedal when it comes to liquidity injections. 100,000 companies would close and, do massive layoffs if the free money stopped.
Kolanovic "Dials Down" Market Optimism; Warns Of Scenario With "Drastically Lower" Equity Prices
WAIT, earnings are way down. If prices go down, there will be no reason to buy equities.
"DEEP STATE WILL LOSE CONTROL
There is a perception in the world that things will continue as they are and that the Deep State is going to control us all in a totalitarian world. What few realise is that the Deep State or Powers That Be are going to lose control totally. They are totally dependent on the world in which they can control everything through debt and the fake monetary system they have created. But let me make it clear that this fake system is about to implode."
https://goldswitzerland.com/the-glob...-fire-is-here/
This article is quite pessimistic, though, quite interesting.
"So if a feudal serf in England died without an heir, or was convicted of a crime, all his property was escheated to the local Lord, or to the King.
This became such big business in England that the government appointed special agents called ‘escheators’ in every single English county to oversee property confiscation every time someone passed away."
But this is totally bizarre, because ‘dormant bank account’ rules can be incredibly loose. In many jurisdictions, for example, simply having some savings stashed away in a bank account that doesn’t have any other activity can put your funds at risk of being seized.
They actually still use the same word– escheat. So money in dormant bank accounts is escheated to the state.
To be fair, this practice has been relatively rare… until Covid. But now governments are starting to look at every source of funding they can get their hands on, including the medieval ones.
The British government recently announced that they had “unlocked” £150 million from dormant bank accounts, with cooperation from some of the biggest banks in the UK, all to help fight World War Covid.
Armstrong often posts example of how GOV is on an endless hunt for taxes. The blob State grows by 6% a year and it is HUNGRY.
https://www.armstrongeconomics.com/tag/hunt-for-taxes/
And now the UK is looking to expand the practice beyond bank accounts; they’d like to be able to seize unclaimed financial assets (including stocks and bonds), insurance proceeds, and even dormant pension accounts.
https://www.zerohedge.com/markets/uk...-bank-accounts
Armstrong warned the Eurocrats in no uncertain terms that the EU would fail without debt mutualization. They told him that they would force that in later. This is their latest attempt.
https://www.zerohedge.com/markets/bl...-feedback-loop
"They" keep telling us that the economy will get back to normal by the beginning of next year. "They" have mush for brains. They NEVER considered the psychological effects of crashing the economy. Consumer spending is roughly 70% of the economy. The consumer has gone missing.
https://www.zerohedge.com/markets/sa...shes-most-ever
FED GOV is trying to make up the difference by sending people money. BUT, confidence has been lost .
Money locked away in bonds does NOT circulate in the economy. As the overall "money" supply increases, a greater percentage goes into hiding in bonds. This is monetary deflation of the lower loop while it is also monetary inflation of the upper loop. The lower loop is also doing deflation of circulating money by stashing it in the bank rather than spending it.
Private Wages Crash Most On Record As Savings Soar By $4 Trillion In 1 Month
UMich Sentiment Disappoints As 'Hope' Hits 7-Year Lows
Chicago PMI Plummets To 11 Year Low As Orders, Production Plunge
Ah yes, confidence & consumption.
US Spending Crashes By Most Ever Despite $3 Trillion Government Handout-Driven Income Surge
Confidence & consumption.
Civil Unrest Turning Violent on Schedule
The civil unrest is turning violent right on schedule. These lockdowns have destroyed so many jobs and the future of people
Is it Time to Throw Every Politician Out of Office Who Imposed Lockdowns?
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Armstrong writes that there has been a $30 trillion contraction. What he fails to mention is; the contraction is concentrated in the lower loop. Reportedly, the billionaires have gained $430 billion during the contraction. It is EASY to inject liquidity into the speculator's loop. The only way to legitimately inject capital into the lower loop is by increasing wages. We are stuck with a global mean wage. The State is trying to bypass the low wage problem by directly injecting liquidity into the lower loop.
"M2 Velocity is the measurement of capital circulating within the economy. The faster capital circulates within the economy, the more that capital is being deployed within the economy to create output and opportunities for economic growth. When M2 Velocity contracts, capital is being deployed in investments or assets that prevent that capital from further circulation within the economy – thus preventing further output and opportunity growth features."
It can't go into higher wages or, the jobs will be immediately outsourced.
"The decline in M2 Velocity over the past 10+ years has been dramatic and consistent with the dramatic new zero US Federal Reserve interest rates initiated since just after the 2008 credit crisis market collapse. It appears to our researchers that these extended periods of zero interest rates deflate the capability of money circulating throughout the economy and engaging in real growth opportunities for investment and capital inflation."
Money flows into investment vehicles because consumption is crashing. Consumption is crashing because price inflation outran wage inflation.
"It also suggests that the US Federal Reserve, while attempting to support the US economy and global markets, maybe destructively engaging in policy that removes the capital function from the markets in a systematic process. Eventually, something will break related to M2 Velocity and/or the global economy. As more capital pours into less liquid assets and/or broader investment funds and Bonds, this process ties capital up into assets that take investment away from Main Street and the lower/middle class. There is less capital available to support the ground level economy as more and more capital ends up buried in longer-term investment assets."
Wages, Wages, wages, wages
"We believe the collapse of the M2 Velocity rate is similar to a slow decline of economic capacity and output over a longer period of time. We believe this process will likely end in a series of defaults and bankruptcies as a result of capital being stored away into longer-term assets and investments (pensions, investment funds, and other types of longer-term assets). As this capital is taken away from the core engine of economic growth (main street and startups), the process of slowly starving the economy begins."
"We believe we’ve already entered a period of decline that has lasted at least 15+ years and the “blowout process” that ends this decline will be somewhat cataclysmic."
"One way or another, the function of capital must return to levels of activity that supports a ground-level engagement of economic growth and opportunity. A healthy balance of capital available to all levels of society and deployed in means to support growth and opportunity is essential for the proper health and future advancement of global economies."
So, where does runaway automation fit into this equation?
https://www.thetechnicaltraders.com/...be-setting-up/
We will have both inflation and deflation./
https://www.zerohedge.com/economics/...flation-part-1
We will have war
Canadian Judge Rules Against Huawei CFO, Clearing Way For Extradition
Google ET AL will get gored
"Big Day For Fairness" - White House Plans To Empower FCC To Regulate American Social Media Giants
We will have defaults, en masse
Q1 GDP Revised To -5% As Corporate Profits Plunge 14%
No money, honey
The Collapse In US Durables Goods Orders Accelerates In April
Over 40 Million Jobless In 10 Weeks - "Nobody Ever Imagined It Would Get This Bad So Fast"
...in the last ten weeks, almost twice as many Americans have filed for unemployment than jobs gained during the last decade since the end of the Great Recession...
"Internet Platforms Aren't Arbiters Of Truth" - Zuckerberg Blasts Twitter For Tagging Trump Tweets As "Misinformation"
Zuck has seen the light AND felt the heat.
Oligarchy, Xenophobia, & Soul-Crushing Surveillance - Yanis Varoufakis Exposes The Dystopian 'Lost Decade' Ahead
...those in authority have never hesitated to harness government intervention to the preservation of oligarchy, and a pandemic alone won't change that.
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The CBs are trying not to appear panicked. Meanwhile;
5/27 EU unveils 750 billion euro coronavirus recovery plan – CNBC
5/27 Japan approves fresh $1.1 trillion stimulus to combat pandemic pain – Reuters
5/27 “Fiscal firehose”: Japan approves record 117 trillion stimulus package – ZH
5/27 PM Abe vows to double Japan’s virus package to over 200 tril. yen – Mainichi
5/27 Mitch McConnell: We’ll need another coronavirus stimulus bill – CNBC
5/23 Europe set to unveil its $500 billion ‘green deal’ – Oil Price
Notice the gain of 250 billion in 4 days?
The discrepancy in the Japanese numbers seems to be because one number is dollars and, the other is yen.
5/27 This crypto could blow bitcoin out of the water after 1,000% gain – Forbes
5/27 Russia proposes jail sentences for buying bitcoin with cash – The Street
It is doubtful that the State will allow a competitor like BTC.
5/27 Chinese yuan suddenly tumbling – Zero Hedge
The stupid CCP just can't understand that they are standing in quicksand.
Armstrong; "The total economic destruction we have said is about $30 trillion in businesses. If we add real estate which cannot be sold, that is most likely $35-$45 trillion. Then add on top of that the coming wave of sovereign bond defaults which will include emerging markets that have witnessed their exports collapse. Global GDP is about $90 trillion. The global bond market is about $100 trillion."
"Commercial Real Estate is worth about $32 trillion and Agricultural Real Estate about $27 trillion. Total residential Real Estate is about $170 trillion at the end of 2019. If we have to put a number of that we reach about $230 trillion.
The total world equity market at the end of 2019 was nearly $90 trillion.
Therefore, if we add up what I call Capital Formation, this is the combination of real estate, equities, and bonds. This number works out to be about $420 trillion."
"Consequently, the economic contraction in just the current GDP of $90 trillion is about $30 trillion, and Capital Formation is probably about $120 trillion illiquid out of $420 trillion if they even tried to sell. Anyone who thinks that governments can possibly stimulate their way out of this or create hyperinflation by spending even $10 trillion are not taking into consideration the full scope of this economic collapse."
"Even just a 10% correction of this magnitude across all sectors amounts to $42 trillion. There is NO AMOUNT of stimulus that will prevent an economic contraction into 2022"
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Strauss & Howe wrote a book looking at the larger picture, The Fourth Turning. History runs in cycles so, they have been fairly accurate. We are half way through the fourth turning.
"Sinecure" ,,, a job with no responsibility
Parkinson's law, State bureaucracies grow by 6 % a year regardless of the work load.
Price's Law, the square root of the number of employees that you have are doing half the work. That would mean that 6240 GOV employees are doing half the work. The rest of the 22 million GOV employees are doing the rest.
Neil Howe, "this study of generational cycles (“turnings”) in America which reveal predictable social trends that recur throughout history and invariably result in transformational crisis (a “fourth turning”).
Fourth turnings are characterized by a growing demand for social order, yet supply of it remains weak. The emergence of the surveillance state, a perpetual war machine, increased intervention in failing markets by the central planners, greater government control of critical systems like health care and the Internet — all of these are classic fourth turning signs of the desperation authorities exert as they lose control.
History shows time and time again that such overreach ends in rejection of the current order, usually via violent revolution.
Now that we’re roughly halfway through the current Fourth Turning and things have really started to unravel here in 2020,"
"During times of peace and prosperity, inequality over time always increases. It always increases. There are only four things which reduced inequality through history: total war, total revolution, famines, and plagues."
"The fourth turning is to some extent an act of creative destruction. It destroys as much as it creates."
"But I do think there’s a broader point about inequality and this is point about creative destruction. There has to be some destruction in there. You have to destroy the privileges. You have to destroy the sinecures — and that’s never pleasant. But it’s part of the process."
https://www.peakprosperity.com/neil-...ourth-turning/
The pessimists are coming out of the woodwork.
https://www.zerohedge.com/markets/ra...levee-breaking
Repost, https://www.thebullbear.com/profiles...capitalism-1-0
5/27 Money printing can’t trump a depression – Pentonomics
The Cloward-Piven strategy calls for; destruction of the current State by over-burdening it with demands for social support. A wonderful Phoenix will rise up out of the ashes.
They don't have ANY plan for how this would develop.
Bill Gates plans to do a much larger destruction. He too has NO PLAN about how the whole thing would develop.
https://www.armstrongeconomics.com/w...ing-the-press/
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Well, you Britts get special mention. The language is picturesque.
"We seem engaged in an all-out civil war to determine where to put the deckchairs on this Titanic of a country. Credibility is shot. The UK is holed below the waterline. This ship is sinking. All is lost.. all is lost..
It’s difficult to resist a cataclysm of clichés this morning... But, I’m buying dollars and switching out Gilts for Treasuries."
This is a very important sentiment. Evidently, the Britts would rather trust Trump than Boris.
"The reality is the UK faces its greatest ever economic crisis. Q2 GDP is going to fall by 25% plus."
"Government borrowing in April exceeded £62 bln as expenditure rose 54% (compared to April 2019), while tax revenues tumbled 35%. Unemployment is going to explode."
"Last week the UK was already a screaming sell, but you kind of believed there was hope, and on a relative basis to Europe, it wasn't so bad.
Never underestimate our ability to make a bad situation worse. Our nation of Lemmings found the proverbial cliff and plunged over it. "
https://www.zerohedge.com/markets/sh...elow-waterline
From comments; https://www.thebullbear.com/profiles...capitalism-1-0
5/23 Europe set to unveil its $500 billion ‘green deal’ – Oil Price
5/26 BoJ’s Kuroda says ready to do more for economy after emergency – Reuters
He has already bought everything that isn't securely nailed down.
5/26 Foreigners flee India’s bonds just when it needs them most – Yahoo!
People have more trust in Trump than in Modi.
5/26 Time for a selective debt jubilee – Project Syndicate
Yeah, who picks the winners and the losers? I bet that the winners pick the losers.
http://charleshughsmith.blogspot.com...ners-take.html
The arrival of the “unavoidable pension crisis” – Real Investment Advice
37% Of Unemployed Americans Out Of Food In April
China plans to deploy two new aircraft carriers off Taiwan sparking fears of an invasion
Change aircraft carriers to "targets"
America is souping up it's B-52s.
https://www.youtube.com/watch?v=PF8yB-cAvY0&t=460s
Russia begins building first strategic stealth bomber
The global 'black hole' debt will soon top $100 TRILLION 'We're about to get sucked into it' – Max Keiser
PRIVATE BLOG – Something is Not Right
Posted May 26, 2020 by Martin Armstrong
PRIVATE BLOG – Something is Not Right Private blog posts are exclusively available to Socrates subscribers.
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Frederich Hegel claimed that everybody should work for the GOV. That way, all the State employees would approve of higher taxes. The blob State unchained. Sooner or later, you run short of productive people to support all the parasites.
"Why California Is In Trouble: 340,000 Public Employees With $100,000+ Paychecks Cost Taxpayers $45 Billion"
https://www.zerohedge.com/markets/wh...ers-45-billion
Gates is screaming SHUTDOWN as loudly as he can. It wouldn't look good if he came out screaming for genocidal population reduction.
https://www.armstrongeconomics.com/a...-be-****-down/
5/22 IMF chief asks banks to halt all buybacks and dividends – Zero Hedge
That will go over like a lead balloon.
5/22 Why U.S. shale is too important to fail – Oil Price
So, we'll buy oil from Russia and, fill all our depleted wells.
5/22 Global covid-19 risk ranges up to $82 trillion – The Street
Right, ignore all the lost jobs and closed businesses.
Smith claims that the pandemic gives us an excuse to fulfil our wish list.
http://charleshughsmith.blogspot.com...on-to-get.html
We have unfolding increases in socialist programs and tendencies. FED GOV is mailing checks to everybody and, their dog. Armstrong claims that GOV will eventually default on it's debt, primarily to the super rich. Right now, the printing presses are running at light speed. Why would GOV default???
"I have finished a digital report that will be posted on our website this weekend. It is not the “rich” who are looking to crash the debt — it is government who will default on the rich."
https://www.armstrongeconomics.com/m...-debt-default/
Lastly, China.
Trump is in full-on war with China. China does NOT have the reserve currency. China is badly losing the war.
https://www.zerohedge.com/political/...i-china-vision
https://www.zerohedge.com/geopolitic...ng-third-reich
Hong Kong is the emerging focal point.
https://www.zerohedge.com/geopolitic...slated-weekend
The Han Chinese are TOO STUPID to see that their authoritarian approach is working against them.
China desperately needs the liquidity provided by Hong Kong.
https://www.zerohedge.com/markets/ra...nancial-center
China's business model based solely on exports was only a TEMPORARY strategy.
https://www.zerohedge.com/markets/mo...as-not-helping
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Green genocide
America morphed from a manufacturing economy to a service economy. The money to keep all of this going was based on the credit bubble. The credit bubble is in it's death throes.
Armstrong writes about the service sector.
https://d33wjekvz3zs1a.cloudfront.ne...Labor-2019.jpg
"There is a major crisis economically unfolding and the markets are not yet taking into account the seriousness of the economic damage. I have explained that this is a Coronavirus Bankruptcy Pandemic which has put about 30% of the retail service industry in the crosshairs of insolvency."
"With nearly 80% of the civil workforce employed in the service sector, these schemes of keeping the economy locked down are profoundly dangerous. They fail to realize that this is undermining society in a major way that it is not going to return to normal even with Bill Gates’ certificates to prove you have been vaccinated by him personally."
"The Democratic states are refusing to open up when there is no real justification to keep their economies closed. What is really going on behind the curtain is a clever trick. The $1 trillion that Pelosi was stuffing in the Democratic Bill is money to bail out state and municipal governments which have been going broke because of their unfunded pensions.
The scheme is to crash their economies and then blame everything on the virus and then blame Trump for not bailing them out for the 2020 election"
https://www.armstrongeconomics.com/w...-the-bailouts/
"We are dealing with real elitists who regard the rest of us as stupid toys to play with — the great UNWASHED! They push their agenda to alter the entire world economy NOW without any regard for the consequences to the people. They have no regard for all the jobs they are destroying and if people cannot find employment, we are back to “let them eat” the crust in the pan"
"This agenda is because they adopted negative interest rates in 2014 that they now cannot escape. They MUST change the topic and then try to sell “Green Bonds” at higher rates because they can no longer raise rates without blowing up the budgets of the EU. Additionally, they have been trying to sell Eurobonds. They cannot escape the disaster they have created so they are now moving to Climate Change to try to relaunch the economy they have destroyed because negative interest rates were a poison pill — not the cure."
"What made the Great Depression so GREAT was the Dust Bowl. That wiped out the agricultural industry that employed 40% of the workforce. Today, these people have created the same economic devastation but far worse." The industry they are wiping out is the SERVICE industry which currently employs just under 80% of the economy. They understand NOTHING about the economy and could care less about the people. There are too many of us anyhow! It is all about them and their STUPID fake models that are never recognizing cyclical analysis."
"This will lead to massive civil unrest and war. They have set in motion the culmination of this trend Socrates has been projecting into 2032. We are hearing from Germany and other states that people should NOT travel for vacation. That will wipe out Southern Europe which counts on tourism in the summer. There goes Greece, Italy, Spain, and Portugal. This Climate Change agenda is beyond comprehension."
https://www.armstrongeconomics.com/i...-virus-agenda/
YEP, all about population reduction.
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Lots of interesting headlines.
After the crisis, big business could get even bigger – American Prospect
Probably true. Big business will concentrate on automation more than Mom & Pop. More poison for the system.
5/21 Pandemic puts Social Security at risk of insolvency by 2030 – Fox
Our SS money was all put into GOV bonds so that the money would be available for wars. Had it been put in the stock market, there would be no question of insolvency.
5/21 US banks on hook for billions in “frozen loans” as millions skip payments – ZH
Warren Buffet sold his bank stocks.
5/21 Highly indebted ‘zombie’ companies control 2 million U.S. jobs – CNBC
THAT is what qualifies them for stimulus.
5/21 Top HIV scientist: Don’t count on a vaccine for coronavirus soon – Reuters
5/20 Wall Street opens higher on hopes of economic recovery – Reuters
5/21 Krugman: we need more unemployment—to save us from unemployment – Mises
Krugman needs a brain transplant
5/21 The Fed wants to become a financial central planner – AIER
5/21 Pandemic central banking: monetary stance, market stabilisation – ECB
NONE dare admit that most of this is due to automation.
5/20 EU exec to propose 1 trln euro recovery plan – Ekathimerini
The EU has killed their sovereign bond market. They either follow the lead of Japan OR, collapse completely.
5/20 ECB finally hears EU cavalry coming to help its crisis fight – Yahoo!
5/20 CBO projects 38% drop in GDP, $2.1 trillion increase in deficit – CNBC
Print or die.
5/21 We have had serious inflation, and it will get much worse – Seeking Alpha
5/21 Why you should still care about inflation – Morningstar
5/21 Why inflation might follow the pandemic – AFR
5/19 Americans have no clue what’s next on inflation – Yahoo!
The price inflation that normally follows currency inflation will appear further down the road. The FED hopes to offset price inflation with increasing stimulus. Bad news for anybody who isn't getting a stimulus check.
5/19 SocSec benefits have lost 30% of their buying power since 2000 – Eagle
Yes, an ongoing operation.
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The bailout boogie
5/20 Gov Newsom calls for $1 trillion in federal aid for California – Zero Hedge
5/20 Texas, localities amass $86 billion in unfunded pension liabilities – Texan
5/20 The entire economy will sink if Washington doesn’t bail out the states – CNN
5/20 Republican senators put brakes on additional coronavirus aid – Reuters
5/19 4.7 mil mortgages are now in forbearance with principal of $1 trillion – DHB
5/20 U.S. closing 52% of oil rigs, Saudi Arabia slips into deeper crisis – Southfront
Too big to fail: the entire private sector – NY Times Somehow, I don't think that this is going to go smoothly.
Surviving the intentional demolition of warning signs – Hussman Funds The money renters are on the chopping block
Our fate is sealed, vaccines won’t matter as four long cycles align – Charles Hugh Smith
Beware The Great Bifurcation
“In the future there will only be one occupation: managing one’s wealth. And the majority of the population will be unemployed...”
"Thousands Are Starving" - Protesters Demanding Food Clash With Police In Santiago
THIS is the situation that States worldwide are trying to avoid.
New Zealand Gun-Crime Rates Soar Following Gun-Bans
WHAT A SURPRISE?
The Higher Stocks Rise, The More Fragile The Market Becomes: BofA
"They Don't Want To Come Back To Work" - Restaurant Blames CARES Act For Labor Shortage
Stage Set For Intifada: PA's Abbas Ends All Agreements & Security Cooperation With Israel & US
Netanyahu had declared Sunday "now is the time to annex the Israeli settlements in the West Bank" as part of Trump's 'Deal of the Century'...
Netanyahooo is counting on dragging America into another war with it's neighbors. I don't think that it is going to work out that way.
The Fed Enters Monetary Light Speed
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An update on economic conditions.
http://theeconomiccollapseblog.com/a...mic-depression
Posting this link erased everything else.
GDP will only get worse.
https://www.cnbc.com/2020/05/15/gdp-...lanta-fed.html
The FED is trying to bail out EVERYTHING. This is beyond bizarre.
https://www.zerohedge.com/markets/on...uys-everything
https://www.theatlantic.com/ideas/ar...illion/611749/
Posted this link, everything else disappeared.
Population falls,,, everything else falls with it.
https://econimica.blogspot.com/2020/...opulation.html
The stimulus is an attempt to get consumption rolling again. There has just been too much damage to fix the system with free money.
https://econimica.blogspot.com/2019/...ey-supply.html
Zero Hedge;
Rabobank: China's Xi Extoled The Virtues Of Globalization On The Same Day He Slapped An 80% Tariff On Australian Barley
Watch Live: Powell/Mnuchin Explain To Senate How & Why They Blew Trillions On Bailouts
Bill Blain Blasts Europe's Latest €500 Billion Bailout "Fudge"
Bernie Sees COVID-19 "Silver Lining" - Will Change "Fundamental Tenets" Of America
Yeah, right.
Once the bankruptcies get going, the fundamentals will be destroyed.
https://www.armstrongeconomics.com/i...ptcy-pandemic/
"The economic devastation from this unnecessary virus insanity has so structurally altered the economy that the Climate Changed advocates are throwing wild parties cheering the end of so many jobs. What they fail to understand is that these are people with families. The $1200 check will do nothing and the Democrats are only concerned about bailing out government worker pensions at the state and local levels. The rest of society is just collateral damage of no importance to get to ZERO Co2 for they are just the unwashed irrelevant people who have no human rights at stake in this monopoly game of power."
Yep, the blob State seems to think that their jobs and pensions are not in any danger.
Armstrong, "But note that we also have a Directional Change in 2021 and the next turning point in 2023. So far all indications are that they will fail in eliminating fossil fuels. Socrates sold even the high just before the Crash. It appears as stated at the WEC, this is the culmination of the trend, and this cycle into the peak of this 8.6-year wave should be a commodity boom but one based upon shortages and currency because we are headed into a Monetary Crisis Cycle for 2021-2022."
https://www.armstrongeconomics.com/m...nge-advocates/
OK, think about it. The currency is being HEAVILY debased with all this money printing. Agriculture is suffering heavy losses from the radical weather. Solar cycle 25 will bring lots more radical weather. The shortages will be food shortages and food-price inflation.
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The gold-price fixing scheme is now breaking down.
https://www.zerohedge.com/news/2020-...arge-some-quit
Here is a very good article that lays out much of the results. They don't seem to mention that automation is the biggest problem.
"THERE IS NO SOLUTION
This is what is so sad with the current economic crisis – there is no solution. Nobody should believe that it is the Coronavirus that has caused this catastrophe for the world. CV was the catalyst but the underlying problems have been there for a long time. The Great Financial Crisis in 2006-9 was temporarily patched up with trillions of money printing but it was never solved. The GFC was only a rehearsal and now the world is facing the inevitable collapse of the financial system."
https://www.zerohedge.com/markets/vo...final-collapse
Another very good article.
https://www.zerohedge.com/economics/...-depended-them
Jordan has drawn a line in the sand.
https://www.zerohedge.com/geopolitic...nnex-west-bank
THERE IS NO PLAN; WTF: What The Fed?!? Part 2 - "Trillions More Reasons To Be Concerned"
Globalization and, all that went with it.
https://www.zerohedge.com/economics/...-depended-them
Economic virus shock crushes America’s working poor, Fed finds – Zero Hedge
A good article on bubbles;
http://creditbubblebulletin.blogspot...bbles-are.html
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All y'all know what the economy is doing in a general sense. I try to post stuff that is important but, not so well know.
Armstrong;
"Even the CDC has come out at stated: “There’s no good reason to use these masks except psychologically you think you’re doing something.”
Against this backdrop, the SWAMP has won a decisive victory. Trump is fighting to keep the economy open but this is not easy.
I would play their game, disarm them with the vaccine issue, and then make it available on a VOLUNTARY basis for all the brainwashed people.
I'm having trouble posting. It won't paste. Dunno.
I have made it clear, they ONLY way to fight this psychological war the media and the left have been waging is to criminally investigate the insider trading right up tp Gates.
We need to change the defense and NOW for the November election or we will lose everything we once assumed was normal. Their designs on creating a Zero CO2 would are insane.
Trump seriously underestimated how deep this Swamp really is. He has failed in this regard. Neither can the swamp be drained nor term limits put in place without revolution where you get to start all over again.
https://www.armstrongeconomics.com/i...-for-vaccines/
"I have warned that the cultural divides are far too great and this virus is being used for a total environmental reconstruction of the economy by sheer force."
HERE IS A VERY IMPORTANT POINT.
"The lack of a transition or any planning whatsoever has cast the livelihoods and future of the world population is tremendous jeopardy and has drastically increased the outcome of our forecasts for not just the collapse of the Euro, but the rise in civil unrest and international war."
"This lockdown over the virus has destroyed the supply chains in so many areas because Gates and crew thought they could just destroy fossil fuels and rebuild without any consideration of how people make transitions for employment."
Once again, we see a complete lack of planning for any kind of transition.
"This time it is Gates and he never considered what he was doing to society – only his Climate Change dream." And his depopulation dream
https://www.armstrongeconomics.com/w...nts-lockdowns/
Some very good news,
https://www.armstrongeconomics.com/i...an-parliament/
Armstrong,
"While millions of Americans are out of work and Trump is trying to get them back on the job by safely reopening our country which is the ONLY way to approach this because no amount of relief will allow people to live without income indefinitely. Banks cannot suspend payments forever and prolonging the reopening puts at risk the complete collapse of real estate for perhaps the next 12 years."
https://www.armstrongeconomics.com/i...-for-politics/
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