Economic pressures

[Danny B]

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.

[Danny B]

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

[Danny B]

SIGH, there is so much going on.
The new Euro currency was rolled out over a period of a few years.
The new digital dollar is to be force-fed into the system on short notice at the beginning of 2021.
From the United Nations; Kenya, Tanzania, Uganda, Côte d'Ivoire, Egypt, Nigeria and South Africa are also bellwethers of cashless payment use in Africa
Banking In A Cashless Society. Access.mobile is another major success story, testing and growing its health innovation offerings for seven years in East Africa.
The plandemic was hitched up to fast-forward the system to digital money because the pension systems ARE collapsing from ZIRP
https://news.northeastern.edu/2020/0...-the-pandemic/

Wharton says that going cashless is very bad.
https://knowledge.wharton.upenn.edu/...-long-way-off/
Keep in mind that hundreds of millions of State bureaucrats depend on control over the masses / producers to keep their paychecks coming in. THEY are at the forefront of control and lockdown. The second wave of the plandemic is/was timed to coincide with the rollout of digital cash at the beginning of the year. The "necessary" second lockdown would finally annihilate the economy. We would go along with ANYTHING to eat.

Here are 2 links from Rense that paint a VERY bad picture of the situation. They are focused on Canada. Keep in mind that Trudeau, the wanker in chief has gone completely communist.
The NORMAL sequence of events is;
The State institutes Repressive measures.
The populace demonstrates against them
You can't have demonstrations with social distancing
Next, the police repress the demonstrations
Police crack down even harder
Aussie police have started this


The police get worse. The soldiers are brought in
The number one issue at that point is; do the soldiers back the people OR, the leaders?
THEN comes the question? Are the people armed or not?

Here are the links
Watch Dr. Buttar Describes Canadian Parliament
Whistleblowers Revealing The PLAN Just Ahead
This Video Is Set To Start At 31:00...Begin There

Here's The PLAN For Canada As It Has Been Created
They Will Be Put Through Hell Under The CV-19 Hustle
Then Forced To Give Up ALL Property In Exchange For
Debt Forgiveness And Universal Basic Income...& More
...This Sort Of Plan Will Likely Come To The US Next

[Danny B]

Random headlines.

"China does not have enough fresh food to go around — and neither does much of the world. The pandemic and extreme weather have disrupted agricultural supply chains, leaving food prices sharply higher in countries as diverse as Yemen, Sudan, Mexico and South Korea.4 days ago"
Youtube vids;
China Heading To A Major Food Shortage! You Need To Get Prepared For Worldwide Starvation

Indonesia strongly warned the CCP by arresting and detonating 170 Chinese ships. | Fishing vessel

Argentine coast guard opens fire on Chinese fishing boat

Hot News:The US fought and chased 3,000 Chinese fishing boats with armed forces and caught illegally


U.S. Navy Arrest and Sink 300 Chinese Fishing Ships Off South America Coast in Security Worries


South Korean Coast Guard shot 44 Chinese fishing boats, killing 2 people and injuring 4 people


Fishing on verge of ‘irreversible collapse’ amid China tensions.


Korea gets tough on Chinese illegal fishing boats

Unexpected patterns of fisheries collapse in the world's oceans

South China Sea: Fisheries on the verge of collapse as tensions soar | World | News

PAKISTAN BLOCK CHINESE FISHING FLEET! 3 Million Fishermen At Risk Of Losing Livelihoods

Exposed: Chinese ship chases, rams and sinks Vietnamese fishing boat

OSLO (Reuters) - The amount of fish in the oceans has halved since 1970, in a plunge to the “brink of collapse” caused by over-fishing

Premier Xi has to worry about running out of fish. Of course, the swine flu killed off most of the hogs and, the floods have wrecked a lot of farmland.
But wait, That isn't all.

Youtube titles
China faces an unemployment crisis 65,000 factories closed, more than a thousand companies left

Xi Jinping is angry when South Korea provides fees for more than a thousand companies to leave China

The US blacklisted all Chinese companies, and the CCP fears an economic collapse. Xi was confused

[Danny B]

The nominal value of derivatives is reckoned at $ 1.5 quadrillion.
The nominal global wealth is reckoned at $400 trillion.
"Funds invested in derivatives alone total at minimum $544 trillion, and the high-end estimate is $1.2 quadrillion. In fact, there is more money in derivatives than in all the stock markets combined, which is a comparatively paltry $73 trillion."
EXCELLENT visual representation here.
https://www.marketwatch.com/story/th...art-2015-12-18

So, we have human capital that is "worth" just so much. Now, we have influence capital that is putatively worth $1 quadrillion.
https://medium.com/@drfazal/influenc...y-845871c113da

"Since income is the return on wealth, the total wealth of any given country should be on the order of 20 times its gross domestic product. Instead the average observed ratio from the balance sheet accounts of the System of National Accounts is a factor of 2.6 to 6.6, depending on whether natural resource stocks are included in the balance sheet. The clear implication is that the System of National Accounts wealth accounts are incomplete, with the most obvious omission being human capital. Estimating the value of human capital using the lifetime income approach for a sample of 13 (mostly high-income) countries yields a mean share of human capital in total wealth of 62 percent -- four times the value of produced capital and 15 times the value of natural capital. But for selected high-income countries in the sample there is still an average of 25 percent of total wealth that is unaccounted -- it is neither produced, nor natural, nor human capital. This residual intangible wealth is arguably the "stock equivalent" of total factor productivity -- the value of assets such as institutional quality and social capital that augment the capacity of produced, natural and human capital to support a stream of consumption into the future."

Currently,we see liquidity injections of a few $trillion here and, a few $trillion there.
"They" are trying to rescue the nominal value of $quadrillions of contracts that have no underlying value.
“Creative financial instruments” was the Orwellian name given to the new financial asset popularized by Greenspan, but otherwise known as “derivatives”.
"These nebulous bets on insurance on bets on collateralized debts known as derivatives didn’t even exist a few decades ago,"

You can see the obvious problem.
We have crony capitalism that is just a shade away from outright fascism. BUT, neither the banks nor the State produce any wealth. Both have grown to enormous proportions by stealing the wealth of the producers. They use"fear of poverty" to keep us motivated. The derivatives book is a perfect example of creating financial instruments but, NOT creating any tangible wealth. The new liquidity being created worldwide is an attempt to feed in enough new liquidity to keep the derivative book from having a nuclear meltdown. There is an ongoing attempt to "sterilize" this new liquidity so that it does NOT filter into the price structure of the consumer loop.
Imagine the price of bread at $50 a loaf.

Derivatives are BETS on some particular financial instrument that is tied to some contract that is tied to something more-or-less tangible in the lower loop of the economy. Derivatives are a second-order instrument. The primary instrument must be carefully safeguarded to avoid a default cascade. What happens when many millions of people do not pay their mortgage,,, student loans,,, credit cards?

The State MUST inject $trillions into the finance industry to keep hundreds of $trillions of derivatives from melting down as the Primary instruments are defaulted on. You can complain about all the many $trillions channelled to the banks. What other choice is there.

From the SAKER;


"It shouldn’t come as a surprise that the Vice President of the World Bank Carmen Reinhardt recently warned on October 15 that a new financial disaster looms ominously over the horizon with a vast sovereign default and a corporate debt default."
So, the State rescues the private banks AND, in turn, sovereign debt collapses. Once the FED heads set us on this course, our future was locked in.
"no matter what the Federal Reserve and European Central Bank have attempted to do to stop a new rupture of this overextended casino bubble of an economy in recent months, nothing has worked. Zero to negative percent interest rates haven’t worked, opening overnight repo loans of $100 billion/night to failing banks hasn’t worked- nor has $4.5 trillion of bailout unleashed since March 2020. No matter what these financial wizards try to do, things just keep getting worse."

"In 1986, the City of London announced the beginning of a new era of economic irrationalism with Margaret Thatcher’s “Big Bang” deregulation. This wave of liberalization took the world by storm as it swept aside the separation of commercial, deposit and investment banking which had been the post-world war cornerstone in ensuring that the will of private finance would never again hold more sway than the power of sovereign nation-states. For those who are confused about London’s guiding hand in this process, I encourage you to read Cynthia Chung’s impeccable essay “Sugar and Spice, and Everything Vice: The Empire’s Sin City of London”."

You can see here that; Slick Willy & Greenspan started us on a road to techno-fascism where bankers had more power than States. That was the Graham-Leach-Bliley Act. George Soros famously used fabricated derivatives to attack the British Pound and, break it. He walked off with $1 billion.

"When Alan Greenspan confronted the financial crisis of October1987, markets had collapsed by 28.5% and the American economy was already suffering from a decay begun 16 years earlier when the dollar was removed from the fixed exchange rate and was “floated” into a world of speculation. This departure from the 1938-1971 Industrial growth model ushered in a new paradigm of “post-industrialism” (aka: nation stripping) under the new logic of “globalization”. This foolish decision was celebrated as the consumer-driven, “white collar society” which would no longer worry about “intangible things” like “the future”, infrastructure maintenance, or “growth”. Under this new paradigm, if something couldn’t generate a monetary profit within 3 years, it wasn’t worth doing."

"Paul Volcker (Greenspan’s predecessor at the Federal Reserve) exemplified this detachment from reality when he called for the “controlled disintegration of society” in 1977,"
https://larouchepub.com/eiw/public/1...ant_by_con.pdf
"Greenspan confronted the 1987 crisis with all the gusto of a black magician, and rather than re-connect the economy to physical reality and rebuild the decaying industrial base, he chose instead to normalize “creative financial instruments” in the form of derivatives (aka: “creative financial instruments”), which quickly grew from several billion in 1988 to $2 trillion in 1992 to $70 trillion in 1999."

"No matter what level of regulation were attempted under this new structure, the degree of conflict of interest, and private political power was uncontrollable, as evidenced in the United States, by the shutdown of any attempt by Securities and Exchange Commission head Brooksley Born to fight the derivative cancer at its early stages.

When Bill Clinton repealed Glass-Steagall bank separation of commercial and investment banks as his last act in office in 1999, speculators had un-bounded access to savings and pensions which they used with relish and went to town gambling with other people’s money. This new bubble continued for a few more years until the $700 trillion derivatives time bomb found a new trigger and the subprime mortgage market nearly burned the system down."
"Just like in 1987, and the collapse of the Y2K bubble in 2001, the Mammon worshipping wizards in the ECB and Fed solved this crisis by creating a new system of “bailout” which continued for another decade."

The current bailouts are just one in a long chain of screwings from the bankers. Trump / Powell are working converting the FED to a public bank. The graham-Leach-Bliley cat took out money and, gave it to the banks. The revamp of the FED would take it all away.

With Glass-Steagall now removed, legitimate capital such as pension funds could be used to start a hedge to end all hedges.
New “sub-prime” bubbles have been created in the Corporate Debt sector which has risen to over $13.8 trillion (up 16% from the year earlier). A quarter of which is considered junk, and another half graded at BB by Moodys (a step above junk)."

Combined with the controlled destruction of global food supplies internationally, COVID has ensured that strategic food chain supplies are being ripped to shreds with the UN reporting the worst food crisis in over 50 years (and that is not accounting for the oncoming blowout of the bubble economy).

Why was this permitted to happen? Well besides the obvious intention to induce “a controlled disintegration of the economy” as Volcker so coldly stated, the idea was always to create the conditions described by the late Maurice Strong (sociopath and Rothschild cut-out extraordinaire) in 1992 when he rhetorically asked:

“What if a small group of world leaders were to conclude that the principal risk to the Earth comes from the actions of the rich countries? And if the world is to survive, those rich countries would have to sign an agreement reducing their impact on the environment. Will they do it? The group’s conclusion is ‘no’. The rich countries won’t do it. They won’t change. So, in order to save the planet, the group decides: Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring that about?”


"At this point nation states will have re-asserted their true authority over the pirates of private finance controlling the Trans-Atlantic financial system"
"It should be obvious to all that the United States must get its head out of its proverbial ass before it is too late by imposing these reforms onto the murderous sociopaths on Wall Street and London who would rather promote a “Great Reset” onto the world economy under the fog of COVD in order to control the terms of the blowout and also the rules of the new post-nation state operating system which they wish to see brought online as a (final) “solution”."
https://thesaker.is/what-the-great-r...out-economics/

The Great Reset is all about bring in communism. Why is it that all communist takeovers seem to involve a LOT of killing?

[Danny B]

“Stocks have reached what looks like a permanently high plateau” | This was said by Irving Fisher, one of America's greatest economists, in October 1929. Within two weeks, stocks plunged, pushing America into the Great Depression. These stocks didn't reach the highs they fell from for 25 years."

Bernanke, "“At this juncture, however, the impact on the broader economy and financial markets of the problems in the sub-prime market seems likely to be contained” | Ben Bernanke, the Chairman of the Federal Reserve said this to a Congressional committee in March 2007. He downplayed the subprime debt crisis that swallowed the US stock market whole a year later, in the September 2008 recession."

"“We’re going to reach a point where stocks are correctly priced, and we think that's 36,000 … It’s not a bubble. Far from it. The stock market is undervalued” | James Glassman released his book in 1999 titled "Dow 36,000".

"The Soviet economy is proof that, contrary to what many skeptics had earlier believed, a socialist command economy can function and even thrive."| This statement by Nobel Prize-winning American economist Paul Samuelson in 1989 was extremely ill-timed as two years after this, the Soviet Union collapsed."

Joseph Cassano, head of the insurer AIG's financial products division, said in August 2007, that he couldn't see AIG "losing one dollar in any of those (credit derivative) transactions." AIG collapsed in 2008

"The power behind the Japanese juggernaut is much greater than most Americans suspect, and the juggernaut cannot stop of its own volition, for Japan has created a kind of automatic wealth machine, perhaps the first since King Midas." | In his book ‘Trading Places’, economist Clyde Prestowitz said this in the late 80s, just as Japan was reaching the end of its long economic boom.

Abby Joseph Cohen, Goldman Sachs chief investment strategist made a prediction in December 2007, that the S&P 500 would hit 1,675 by the end of 2008, a climb of 14 percent — it actually ended below 900.

“Bear Stearns is fine! Do not take your money out. It is not in trouble, do not move your money” | Jim Cramer, host of CNBC’s Mad Money had given this disastrous advice to his viewers in March 2008, five days before the company crashed and its stock price went from $62 per share to $2 per share.

OK, so much for citations. What about the motivating force behind all of this?
As Armstrong continually points out, everything runs in cycles. The human cycles are dictated, to a large extent, by confidence. It is human nature that confidence grows in the good times. It also seems to be human nature that confidence & exuberance seem to "overshoot" reality. When the smart people see this coming, they sell out to the muppets. Robinhood seems to be the current nexus for the muppets.
So, we continuously get cycles. We continuously get recessions. We get credit cycles driven by confidence.
The problem comes in when; Central Bankers attempt to erase / defeat the business cycle. We always get credit cycles BUT, banker intervention is an attempt to PERMANENTLY escape the trend line. The crash of 1929 was the end of a SUPER CYCLE. Because of repression of small corrections, we got a big correction.
The FED and, the State, working in tandem have pumped in liquidity to avoid any unpleasantness in the economy.


Apr 4, 2020 — So it is worth taking a broader look than just the next few days. BCA Research introduced the concept of the debt supercycle in the 1970s, ...
What a coincidence, just when we cut the last link to the gold standard?
The End of the Credit Super Cycle. July 12, 2016. By Peter D. Scholtz.
RAY DALIO: The 75-year debt supercycle is coming to an end
Apr 8, 2020 — The Coronavirus Crisis Will Kill the Private Sector's Debt Supercycle


Suppression of a natural debt cycle tied to confidence has brought us to the threshold of an end to a debt SUPER CYCLE. We can expect to have a super-recession.

[Danny B]

November 19 2008 By: Sam Jones
The CMBS crash

Posted byu/duckfishwave
13 hours ago October 2020
Commercial Real Estate, CMBS delinquency, and CRE crash
"We're seeing 2008-2011 levels for CMBS delinquency and overall performance. This time instead of residential real estate taking the brunt of the crash, this will be CRE."

The lockdowns meant that people were working from home and, nobody needed office space. Commercial real estate is crashing.
CMBS Borrowers Are Giving Back The Keys To Their Properties In Droves

Remember that these loans are highly leveraged. This leverage goes into reverse when there is a default.
10/26 Bond defaults deliver 99% losses in new era of U.S. bankruptcies – Yahoo
Nobody is paying on anything
10/26 Existential crisis for colleges: $1.64 trillion in student debt and a pandemic – MB 360
Banks face a flood of covid-related credit card defaults

Once again, everybody is defaulting. When the underlying financial instrument defaults, there is a corresponding default of the derivative. The leverage goes into reverse and the lender goes broke. Here is a list of banks that went bust in the great recession.
https://en.wikipedia.org/wiki/List_o...reat_Recession

"
Apr 17, 2020 — America's big banks are planning for the worst anyway. ... Big banks built a $35 billion fortress to protect against coronavirus bankruptcies and defaults ... $35 billion during the first quarter to cushion against loans that go bust, ..."
You can see that $35 billion isn't any kind of "fortress" when the total of the derivatives is $1.5 quadrillion.
The State is desperately trying to make good on all the failing derivatives. Will this continue after the election?
Who knows?

10/26 Emerging markets’ dollar debt tops $4 trillion for first time, BIS says – Reuters
They pretty much have to get dollars from Powell to service dollar-debt.

[Danny B]

Decades ago, the Central bankers all agreed that we must have 2% per year price inflation to bring price stability. The required 6% currency inflation was pumped in directly to the bankers.

Wage inflation always fell behind price inflation. The bankers used your 401K plan to build up China and, take advantage of global wage arbitrage.

Clinton & Greenspan gave all your savings to the bankers to speculate with.

Due to all of this, your purchasing power shrank. The banking system became far too large for the underlying economy.

Everything was leveraged WAY up to generate fees and income.

At the same time, the CBs charged the government for the use of it's own money. This too generated lots of profits.

Now, both you and the government are broke.

To generate income, the bankers created derivatives and, sold them to each other. This created an enormous monolithic debt mountain.

Deutsche Bank created over the years a whopping $53.5 trillion (€48 trillion) book of derivatives contracts.

The German economy is valued at $3.9 trillion.



So, the bankers created a debt monolith that was a threat to the world economy.

When residential real estate blew up in 2008, the bankers could credibly claim that they must be rescued or, the entire economy would melt down. All the big banks were saved and, the little banks died out. Part of the plan.

Larry Summers was a Goldman Sachs guy AND head of the treasury. He took the opportunity to destroy Lehman Bros, his main competitor. This put great fear into congress. They coughed up the money.

Here we are again with derivatives on commercial real estate threatening to melt down. Congress is pumping out $trillions once again to rescue derivatives. It is an election year so, it isn't any surprise.

The 2008 crash was due to problems in residential real estate. It brought down everything else.
Currently, there is a bubble in Chinese real estate. It is nominally valued at $52 trillion.
https://www.youtube.com/watch?v=jsvyi9hNpws&t=2s
It is postulated that a crash in his market would result in a worldwide crash.
Why 50 Million Chinese Homes are Empty
‘China: The Bubble that Never Pops,' author discusses China's economy

Chinese business is all built around growth, not profit. They can't survive low growth and, still service their debt.
"Forecasts by the IMF expect a decline in GDP growth to 1.85 percent in 2020 due to the coronavirus COVID-19 pandemic"
The Wuhan virus may very be what kills off China.

[Danny B]

2 good articles to give you an idea of where we are.
https://www.dollarcollapse.com/a-tal...babwe-in-2006/

https://www.dollarcollapse.com/stocks-bad/
Great graph;
https://realinvestmentadvice.com/wp-...ebt-080620.png
https://realinvestmentadvice.com/why...n-they-appear/

Gates is all about reducing world population. Gates is teamed up with Fauci. Throw in Klaus Schwab and you see a real trio of people who are out to kill you and me.
They are having some moderate successes.
https://www.armstrongeconomics.com/w...-schwabs-plan/
Armstrong, "Please stockpile food. Better to be hedged than regret."

The destruction from the lockdowns is no accident.
The next obvious step is to close the banks.

[Danny B]

Charles Hugh Smith writes about what happens when non-linear changes are mistaken for linear changes.
https://www.zerohedge.com/markets/fl...stemic-failure
He is primarily talking about the stock market.

YES, stocks are falling.
https://www.marketwatch.com/story/al...ing-2020-10-26

Stockman;
https://www.zerohedge.com/markets/da...-market-manias

Trump is trying to save the world from communism. I don't say that Blithely . America is the last big nation in the West that hasn't fallen.
In France, you work for 206 days a year to pay all your taxes. The French State spends 57% of the gdp. The "nanny State" is just a nice name for socialism.

Klaus Schwab is the president of the World Economic Forum. He says;

1. “You’ll own nothing” — And “you’ll be happy about it.”
2. “The U.S. won’t be the world’s leading superpower”
3. “You won’t die waiting for an organ donor” — They will be made by 3D printers
4. “You’ll eat much less meat” — Meat will be “an occasional treat, not a staple, for the good of the environment and our health.”
5. “A billion people will be displaced by climate change” – Soros’ Open Borders
6. “Polluters will have to pay to emit carbon dioxide” – “There will be a global price on carbon. This will help make fossil fuels history”
7. “You could be preparing to go to Mars” — Scientists “will have worked out how to keep you healthy in space.”
8. “Western values will have been tested to the breaking point.” – “Checks and balances that underpin our democracies must not be forgotten”

About number one on the list.
You will lose your savings,,, your property,,, your pension,,, your house
SO, who will own all these things? How will they acquire them? What if you disagree?
You tell me that I will be happy. This comes from a feces-for-brains rich ivory tower guy.

About number five. Where will they be displaced to?I'll bet; 6 feet under.
About number six. HOW are they going to fine a volcano?
About number seven. Solar cycle 25 is starting to get VERY violent. Mars has little magnetosphere. It gets FRIED on a regular basis. There can be no reliable resupply in a violent solar storm.
https://www.weforum.org/agenda/2016/...-what-that-is/

[Danny B]

The IMF and ECB are all behind the great reset. BUT, it is looking more and more like a worldwide bloodbath. ALL of this is part of the population-reduction program. MANY at the top thought that the great reset was just a program to institutionalise socialism. A program to eternally fund the many millions of government employees whose ranks grow by 6% a year.
As the end game becomes more apparent, the vision of the final outcome is coming into view to everyone.
Christine LaGarde of the ECB, (former head of the IMF) is deep in all of this. She now says that the ECB will print whatever it takes to keep the system going.
https://www.zerohedge.com/economics/...gain-if-needed

Many big investors follow obscure technical indicators in the stock market. These are not looking good.
https://www.zerohedge.com/markets/la...grossing-flows

It has happened twice before.
https://www.zerohedge.com/markets/al...place-only-two

The liquidity pumped into the stock markets to rescue everything has created technical problems that are far too bad to ignore.
https://www.zerohedge.com/markets/bl...its-even-worse

The VIX (fear gauge) is going way up.
https://www.zerohedge.com/markets/st...orst-rout-june
It remains to be seen if liquidity pumping can rescue things this time.
BUT, 10/29 As DC delays stimulus, the Fed is running out of ways to help economy – CNBC
So, why is Pelosi stalling so much?
10/28 Pre-election stimulus hopes fade with two sides trading blame – MSN

[Danny B]

10/30 Unless the US stops printing money, the dollar will collapse – Claudio Grass
10/30 China’s digital yuan aims to halt ‘dollarization’ – GATA
10/30 Digital currencies will end the dollar’s status as a reserve currency – ZH
10/30 Fed creating money out of thin air will lead to collapse of US dollar – RT
10/27 China moves to legalise digital yuan and ban competitors with new draft law – SCMP

OK, you get the idea.
FEDCOIN
Yuan coin
G-30 coin
Everybody wants THEIR coin to be universally accepted.
Don't forget the SDR from the IMF

The Bank of International Settlements was created to settle debts between States.
Typically, these debts were settled in gold. Otherwise, a State would just print money to settle it's external debt.
The BIS has just reclassified gold
https://kingdomecon.wordpress.com/20...e-implication/

OK, what happens when all States operate on a digital coin?
The FED already plans to create liquidity directly into your account. Suppose that the Treasury / FED created digital coins to pay off it's external debt???
We are back to square one.
Like I reported, the BIS settles in gold.
They recently reclassified gold.
https://www.forbes.com/sites/greatsp.../#5866bd943694

[Danny B]

I've previously reported that the FED will offer everyone a digital wallet. Your future stimulus will be deposited directly. This comes directly from the Cleveland FED.
This wallet will be administered by a private bank but, the private bank will not be able to count this liquidity as part of their assets. Your savings and, your government money will all be deposited with the FED. Hopefully, the private banks will starve for capital.
What else is Powell / Trump doing?

• *FED LOWERS MINIMUM LOAN IN MAIN ST PROGRAM TO $100K FROM $250K
• *FED: PPP LOANS OF UP TO $2M CAN BE EXCLUDED FROM BORROWER DEBT
• *FED: MAIN ST. TO DATE HAS MADE ALMOST 400 LOANS TOTALING $3.7B

When you need a loan, you will simply go to the FED for the money. They can offer loans at any rate that they wish. Private banks can NOT possibly compete. Once again, this will starve the private banks of working capital. They will have to close their speculation desks.

Through regulatory capture the finance system became a game for the rich to rip off the working class. Thye get free money and you have to work for yours.
The emergent push for socialism is a reaction to the scourge of crony capitalism.
"This "capitalism" is only attractive to parasites, predators, kleptocrats, legalized looters, embezzlers, fraudsters and all those insiders whose palms get greased along the way."


eedless to say, what is presented as "capitalism" in America today is not actually capitalism; it is monopoly-state-socialism for the wealthy, a kleptocracy incompetently cloaked by a rigged simulacrum market in which risk and losses are transferred to the debt-serfs and tax donkeys and the "socialism for the rich and powerful" is enforced by a pay-to-play simulacrum democracy and kleptocratic, totalitarian central bank, the Federal Reserve.
https://www.zerohedge.com/markets/ca...ve-capitalists

Armstrong, "he lockdown destroyed small and medium sized business, especially those that are in private hands. These were the real target of the lockdown…private property….collapse these businesses and you go at the heart of capitalism…private ownership. Once these were closed by government edict, the agencies then took control and put in place procedures that ensured these companies could never cope with the cost and layer of compliance required…lacking scale and financial resources, many simply closed for good. That was the goal all along. And remains so until only large businesses remain, those that will bend to the will of Government and profit from this reduced competition. And large tech companies are in a unique position to exploit this vacuum because they can become the single source providers of everything…and dictate time and price, point of sale…everything."

"REPLY: There are a lot of people beginning to question that Big Tech has been conspiring with this Great Reset assuming they will fall within Klaus Schwab’s Fourth Industrial Revolution so they will be fine. They will certainly make fortune from tracking devices, swapping to digital currencies where they hope to replace the banks for if you OWN nothing, you will also have no bank account and banks will no longer be lending"
https://www.armstrongeconomics.com/w...all-the-banks/
When I posted the following link, everything disappeared.
https://www.armstrongeconomics.com/i...e-great-reset/

"There is a real problem here when the Gates and Rockefeller Foundations are intent on reducing the population and eliminating democracies so they can impose their vision of the future by sheer decree."
https://www.armstrongeconomics.com/w...-fossil-fuels/

[Danny B]

Everybody (nations) want to issue a crypto currency.
The Next Cryptocurrency Evolution: Countries Issue their Own Digital Currency

When China and other big countries launch cryptocurrencies, it will kick off a global revolution
Here is a list of some of the countries that have a crypto currency.
https://coinsutra.com/national-cryptocurrencies/

Aug 15, 2019,01:49pm EDT
Hackers Stole Over $4 Billion From Crypto Crimes In 2019 So Far, Up From $1.7 Billion In All Of 2018

by Kevin Helms
Aug 5, 2020
Bitfinex Offers $400 Million in Rewards to Get Back 120,000 Stolen Bitcoins

Closer to home;
https://sanfrancisco.cbslocal.com/20...-californians/

Next;
10/27 China moves to legalise digital yuan and ban competitors with new draft law – SCMP
Next;
10/30 Digital currencies will end the dollar’s status as a reserve currency – ZH

There will be NO "unified" world crypto coin.
There will be NO hackproof coin.
California stimulus into accounts administered by B of A have been hacked.
Over 10,000 Robinhood Account Credentials Are Being Sold On The Dark Web, Bloomberg Discovers
https://www.zerohedge.com/personal-f...-web-bloomberg

So, if everyone and their dog have a captive crypto coin, which one will you choose?
You won't want a Yuan coin because the Chinese will cancel or steal everything.
What about a European coin? Europe is far along on the road to socialism. European States have cancelled their currency many times over the years.
America has never cancelled it's currency.
So, if you have a menu of currencies to use, will you use / invest in;
The currency from the strongest economy?
The currency from a capitalist, rather than a socialist country?
The currency with the most productive workers?
The country with the most natural resources?
The country with the most gold (China)?

[Danny B]

BOJO is calling for a new lockdown next week in the UK. Parisians are fleeing the city in masse before the lockdowns in France.
10/31 “At war” – French official warns country to brace for more Islamist terror – ZH
10/30 UK police could break up Christmas gatherings, warns minister – Reuters
The Italian government is using the military against the civilians.
So, what does that mean for capital flows?
Armstrong reports that the EU has destroyed their public bond market.

"October 29 – Financial Times (Tommy Stubbington and Martin Arnold): “Investors will not have to contribute a single euro to finance the vast budget deficits of eurozone governments next year, according to analysts who forecast that the European Central Bank will buy a greater quantity of debt than all the new bonds hitting the market. Draft budget plans published by EU member states earlier this month showed that deficits are expected to remain sky high even as economies rebound from the effects of the Covid-19 pandemic. But, according to calculations by Citigroup, ECB purchases will more than cover the extra cash that governments need in 2021 — even if the central bank does not scale up its €1.35tn emergency bond-buying programme by another €500bn in December as is widely expected.”
Knowing that there is no demand for European sovereign debt, the ECB will just print up everything.
I suppose that this plan is part of the great reset.

The great reset game plan states that; in 10 years, you will own nothing. Apparently, Europe will morph from a nanny State into a full socialist State. The only way that you could "own nothing" would be for the State to take it from you.
SOOOOOOOOOOOOOOOOOOOO, what do you think will happen to capital flows if Trump resists the great reset?
The socialists have always claimed that socialism WOULD work as long as nobody was allowed to escape it. The re-election of Trump will definitely throw a spanner into the works.
ALL capital will flee any State that doesn't allow private property. China has capital outflows in excess of $1 trillion a year.
Zimbabwe tried to take everything and have a redistribution paradise. Gideon Gono, head of the central bank had the perfect solution to capital flight.
The $100 trillion (10¹⁴) banknote (Pick No. 91) is the largest denomination ever issued by the Reserve Bank of Zimbabwe