There’s something happening here
But what it is ain’t exactly clear
Buffalo Springfield
Something is not right, and the drastically divergent messages from Powell and his cronies at the Fed over the last month and a half con firm this suspicion. It does remind me of September 2019 when the repo market revealed the underlying mechanisms within the financial system were malfunctioning and were about to lead to another massive financial crisis. Powell restarted QE and “luckily” the covid scamdemic was rolled out, so Powell and and our corrupt political class could pump trillions into the system and keep it alive.
Powell and his fellow tough guys at the Fed had increased rates to 5.3% and have talked tough about keeping rates up until inflation got back to their 2% target. With GDP supposedly accelerating at 5.2%, unemployment still near all-time lows, and corporate profits still booming, there should be no fear about rates being too high by Powell and his sycophants. But suddenly this week Powell and these economic “rocket scientists” now are saying they will be cutting rates soon and more than anyone expected.
The Fed Since November 1st:
1. Nov. 1: Getting inflation to 2% “has a long way to go”
2. Nov. 21: “No indication of rate cuts at last meeting”
3. Dec. 1: Talks about rate cuts are “premature”
4. Dec. 1: “We are prepared to tighten policy further” if needed
5. Dec. 13: Rates…
— The Kobeissi Letter (@KobeissiLetter) December 15, 2023
The stock market exploded to all-time highs and interest rates plummeted. This seems odd, when more than half the country is struggling to put food on the table. It’s almost as if Powell and his pals know something really bad is about to happen and want to front run the event, or, like September 2019, they see something terribly wrong within the financial system and are trying to fix it before it blows up. We do know the Too Big To Trust Wall Street banks have close to $700 billion of unrealized losses on their books due to interest rates hitting 16 year highs. We also know these banks have been increasingly utilizing the Fed’s emergency facility every day.
All it would take is some sort of emergency, whether global crisis, natural disaster crisis, or war breaking out between global powers, to start a run on the banks. If that were to happen, those unrealized losses would become realized, and the entire financial system would begin to collapse. Is that why Powell and the Fed are now desperate to drive interest rates lower, in order to eliminate those unrealized losses before they become realized? Whatever the reason, they are trapped. Drastically lowering interest rates will just reignite inflation again. It looks like Powell has chosen inflation rather than deflation as we spiral into the abyss. Enjoy the show and buy more ammo.
I think it’s time we stop
Children, what’s that sound?
Everybody look what’s going down
Buffalo Springfield
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The crash was in 2008. I’m not sure what you call this mess other than deception to keep the proles from running the banks.
Time to put that gif of a deer-like animal eating popcorn up again, Admin.
BL,do ya’s mean this little dude that hangs with all me cats?!
That’s the one, thanks James. I love that gif.
Oh,that by the way is a antelope!
We were cruising along in the middle of nowhere, maybe Idaho, and saw a sign proclaiming, “Antelope Art”. The little lady just had to see so I pulled over. She wandered over to the stall but quickly returned as the art consisted of a pile of antelope heads stacked in the corner. There was a cafe next door and we were contemplating going in for a coffee but were quickly disabused of that thought when we saw the waitress squashing flies against the window with her hand above the diners.
Yikes! At least a high school friend at. the Mr. Quick placed the crickets from the floor on the ole burger grill along with the meat patties. Patties were beef back then and no one was reported in vomit stage after eating a cricket burger.
If one knows not the cricket is in it, no psychological impact eating the burger.
As for antelopes, there are people roaming Texas and those in and out of Texas that might pay $2000 to shoot that popcorn muncher. I’ll have figure exactly what kind of antelope. For certain it’s no commonly “stocked” Blackbuck. I’m not certain the price for one of those is not $2000 and that does not include the taxidermist.
Dave, reckon those antelope heads may have been Pronghorn “Antelope”. Not arguing , Idaho? As you are aware , and don’t care, Pronghorn is a goat type of animal. Dang tasty too!
Still huntin’ for an unkelope, dang it.
I need that popcorn to nibble on while I watch the argument going on right here.😁
We better use an air popper. All those nasty oils in the microwave stuff will send you into the next world before the movie is over. By the way, stored popcorn seems to improve with age. I’ve eaten lots of 25-30 yr. old corn that was simply stored in a bucket or jars (not even mason jars). Here I am still alive to tell about it. Better go get some while it’s still for sale.
I get my deer to eat out of my hands. Nothing shows your favorite neighbors love you like having deer slobber on your fingers.
2015, what to do with the deer
With 2 Great Pyrenees, I doubt I ever see a deer on our property again. I would almost step on them when we moved here.
Our Pyrs would guard them while they ate my garden.
Hi, Y’all!
Yes, a new car!
Absolutely a fucking epic car!
No details?!
Motor build/tranny(not that kind!)rear end /suspension ect.
More pics are mandatory!
Will say,would have worked well in those ZZ Top videos early 80’s!
So…….,stop teasing us motor heads and give us the whole story!
Martha my deer…
Portrait of America, Admin. 🙂
I’ll be back later, I need to go make a ATM withdrawal.
Rates are going down? Housing won’t fall 75%?
I was right? Again?
What do I win?
A 2nd trip to Ukraine to visit Zelensky.
Can I get a piano lesson to??
Zelensky may be a little hung up on that one.
Admin,
We’re in upside down world.
Wait, those are not one-way trips?
Let’s go get another one of our big, beautiful boosters. I’m buying.
Glock, did I miss something? December 15th, Fed isn’t really talking about cutting rates. Where is the (down) in that statement?
BL,
“…there should be no fear about rates being too high by Powell and his sycophants. But suddenly this week Powell and these economic “rocket scientists” now are saying they will be cutting rates soon and more than anyone expected.”
Soon, as in Q3 2024? Housing is in the shitter now Glock. Did it dawn on you they speak with forked tongue?
Mortgage companies are looking for 7% to 7.25% closing down to 6.1% at the end of 2024.
Talk to me after April or May.
I’m opening a new territory in February. I admit transactions are too low. We need spring transaction numbers to be decent.
I’m loving your optimism GNL.
I’m ready to sell everything on paper and stuff the cash in a pvc pipe by the 3rd fencepost while you’re shaking eggs for chickens.
I sure hope cash isn’t outlawed soon.
Glock- Best of luck my friend, a new territory might keep you out of the poor house. I never let bad economic conditions keep me from doing a damn thing. You know I like to give you lip service but I really wish you the best and for all TBPers in these difficult times.
BL,
I believe you. I’ve long thought, from your comments, that you are an entrepreneur also.
Two if by sea,
Don’t get me wrong. While most here seem to be betting on cash, PMs and physical assets, my bet is on owning a business. I believe we’ve long moved from self sustainability to interconnectedness. A business does (or can do) this.
Entrepreneurs are the modern day farmers imo. Everyone should move to entrepreneurialism.
Optimism and aspiration. The marks of The Common Man. The attributes that “Save the Day”, always.
Thanks for your clarification, GNL.
Best wishes.
I’ve been self-employed my whole life and, while being on your own in business has its own headaches, I’ve recently really come to appreciate how it’s helped me avoid the inflation trap our overlords have placed salaried people in. I have a non essential business that I just keep raising my prices and demand hasn’t gone away. It’s the golden age of what I do. I know the music has to stop at some point, I’m a realist just making hay…
Big Time,
I am considered an essential business. I did not know that until the plandemic hit. But, yeah, I’ve always thought owning a business was as good of a hedge (and better) against inflation as anything else. Plus, a business can grow as large as you want it to so the upside is quite good. Yes, everything is a gamble.
Yes, everything is a gamble.
If the business depends on others doing the work , no worries, plenty of illegals that will work.
I’ve got it figured out after reading The Art of the Deal. The entrepreneurial business of the “future”, sign out front reads, Eminent Domain For Private Gain. Hell of a concept!
https://www.ebay.com/itm/163630149596?chn=ps&norover=1&mkevt=1&mkrid=711-117182-37290-0&mkcid=2&mkscid=101&itemid=163630149596&targetid=1495166415021&device=c&mktype=pla&googleloc=9026934&poi=&campaignid=19851828444&mkgroupid=145880009014&rlsatarget=pla-1495166415021&abcId=9307249&merchantid=8579034
Wish I was still making music! Man, those amp racks can weigh >800lbs. though….
Whether by inflation or deflation, times will be hard. Inflation means you have lots of money but its worthless. Deflation means nobody has any money. Most businesses will die in either condition. Your best shot is selling food. People will ALWAYS need it. They can forego everything else.
Alc0h0l, t0bacc0 and f1rearms for Auntie. For business and pleasure.
4f’s…
Foods
Fuels
Firearms
Females(but they will squawk about that)
H, I’ve always favored the 6 G’s, in order:
God
guts (character, Integrity, etc)
guns (and ammo)
groceries
gold (and silver)
growing (production, business)
But Doc stated the root.
Regardless of ammo, booze, or smoke, we must Eat.
Be of use.
Donkey,
You have to realize many of us are in the fourth quarter and in a different season of life than you.
I was an entrepreneur – consultant for the last 15 years of my career post corporate (I bailed out at 50 to go on my own) retired 8 years since going solo. Now, it was the most lucrative time of my career…but that is long over…and I’m thrilled to be where I am…it is no accident.
Sure many of us are betting on physical assets, PMs, and fiat/digital/cash (that is a better order and description for me – as to me cash will continue to be degraded then worthless and goes last).
But we are older than you and the Winter/4th quarter is its own season and brings a different set of realities and priorities then the previous seasons.
Everyone cannot move to entrepreneurialism, nor should. Hindsight being 20-20 I am super glad I did but individual situations, skills, drives, will rule.
Serious long term prepping, wide and deep 2nd amendment defense, real self-sufficiency, will also leave a legacy for my daughter and her family in what I am now calling the ‘Coming Struggle’ (I like that…borrowed from a You Tuber I follow)…and that to me is a major priority when winter is your ongoing stage of life.
Mark,Prepper Cat is with you and all who follow your endeavors!
Thanks James you are TBP bright light a long time!
Yep, everything you said, from a fellow ‘winter of his life’ guy.
Yep, same. Surfed the incoming digital wave all the way to shore, now, it’s a human TSUNAMI “wave” incoming…
A wiser man than me said, ‘Cash is king until cash is trash.’ It all hinges in foreseeing the pivot point prior to the change.
The covid lock down was a prelude. You won’t be ‘entrepreneuring’ jack.
It will all be ‘local, local, local’, for those that do not sign on to the digital ID’s and the CBDC’s.
Without a doubt Brewer…and I am working on a future black market…have many foundational bricks already in that wall.
‘suppose it all depends on what you’re selling and what you’re willing to take in trade.
Mortgage rates are usally based on the 3, 5, or 10 year Treasuries. These are down as much a percent lately. Obviously that alone is good for the housing market but if the rate drops are telling us a depression is coming, with accompaying deflation then that might not save the housing market.
I think the gist of the aretucle is correct- we don’t have the full pidcture yet but such a quick about face by FED is not a good sign. If you think those jokers really contol things I’m sorry for you- you probably also think we went to the moon.
To close the circle [in this thread], the US is in a depression since 2009 already.
We will see- game is only in3rd inning.
A straitjacket and a room next to Donald Trump also in a straitjacket.
Our popcorn eating deer is in our freezer.
Howdy, Bea.
Hi Ghosty! Oh noes…..are you going to eat Bambi? 🙂
Yes. In other news, we are EMP ready!
The proles don’t have any money to run with.
Go to any HomeDepot parking lot in Houston and you’ll have you a little glimpse of what be happening here.
Skyline Drive near the Galleria is a satellite of Mexico. Go take a drive thru it on a Saturday night esse.
Abbott’s bill will ease the pain, guaranteed.
Sounds as though you should get the hell out of Dodge, Joe.
I’m really liking my precious metals positions. Burn it all down.
CC,they in hand and……,are we talking gold/silver/lead/brass?
Yes. I don’t trust banks. Gold, uranium and (especially) silver.
Hmmmmmm…..,what about shrooms?
I do not know what product/service these folks offer but would like to meet them!
Thanks 4 the Memories
Seems like the daily consumption was somewhat more. Dried?
That taste was Umami 4 sure
On the upside,did regain me penmanship today and sent out a donation(snail mail,wait for it!).
Yes,dry this time of year,do like the fresh/snap the stem and see purple/good times!
Yep. Purple caps and everything! But the US produced feeds had fungicide added to them ALONG with GMO’s by the 80’s…
Here we are.
Almost everything that hurts fungus also hurts animals of which we are one.
Note: they are all real tangible items …not toilet paper assets.
Think tangible and only tangible items you hold in hand.
Good point but hmmmmmm……,
Are goats on shrooms a “tangible asset”,asking for a friend!
Thankfully Nubians would never do this. I am impressed, though.
Locally not,but feel in a high predator environment they would.
Of course,your Nubians came across some wild shrooms,well………
Clay Henry – Famous Beer-Drinking Dead Goat
There is a line of Clay Henrys and the original Clay Sr. is said to have eaten some beer cans. I’m not sure that is true and only Texas lore.
I want to see what a goat acts like on shrooms🤣
And if they start talking like Balaam’s donkey? Then what?
Then you could be hallucinating. Just saying.
They are wacky enough without them.
And they stink!
Best I can do is a dog or a duck, sorry to disappoint.
OK,seems these folks in both videos not encouraging their pets to eat shrooms and truly care for them,good people.
That said,why the hell are they not picking the shrooms themselves and keeping them from their pets and well…..,having a nice bag of shrooms?!
My precious metals positions rest in a 50 cal ammo can. The can was graded #1 when I purchased various caliber ammo cans from Omaha Surplus in Fort Worth when the O man occupied the WH. The seals are like “perfect”. The 50 cal can houses my positions in junk silver I can hold in my hand. Last I opened the can was maybe five years ago to check for any weird fungus/mold growth. No concern, the seal is “like new”. I don’t worship the junk silver coins and some of those cans contain various types of bullet positions with no fungus among us.
Powell was givinen new marching orders. Last ditch effort to make Joe Biden look good by getting the stock market to rocket. Nothing new about this manipulation, and yes in the long run it will be more harmful.
And who is putting the money in the stock market? Where is that money coming from, seriously? Clue: It’s not from John Q. Investor, some minute portion may be corporate by backs. It’s a fraud so huge, when it blows hell will even shutter.
You’re not wrong. But there are many forces at work. One is the automatic monthly buys from 401 k’s and Roth Ira’s.
I predict the Dow tumbles by 1000 points with minor upward corrections and additional 1k point drops. It’s called vaporizing .
Dow 50k would not at all surprise me before we see Dow 6800.
Dow 50,000? The Great Moneyshot!
(Use your own preverted imaginations as to what thas mess is going to look like: whooooo-wheeeeee.)
Auntie- Depends on how long they want to levitate this giant flaming turd. It could go to 55,000 before it goes Ka-ka-ka-Boom. It takes talent and a lot of stupid proles to pull off even the 37,000 level, wizards I tell ya.
As a result of “A.I.” or some other nonsensical reason, hold on; Dow 100,000.
Why the Hell not? There is nothing the unrestrained fuckers won’t try.
Anything can happen on the Crazy Train. Anything.
Auntie- With Milei at the wheel in Argentina, sum dem USD’s will be diverted to f’up those poor schmoes. So I don’t think there will be such a lofty number to be ratholed.
But Joe Blow has set three consecutive world records at the close…
Make that four. That said should Powell be calling for the one minute press conferences touting his own greatness? Evidently Sleepy Joe is asleep at the wheel or else he would be blabbering all over himself this new DOW like no one has ever witnessed so that his worshipers could yell, yea!
Unless many like myself pulled out of stocks already.
Vast majority of individual investors left the market within a few years after 2008. It’s been a complete shit show since. Anyone still playing in the rigged casino is a fool.
What humors me is listening to talking radio head Dan Bongino recently. I would say “conservative” talking radio head but let’s face it, there are no conservative talking radio heads nor are there any politicians with exception a very few, perhaps, that could be considered “conservative”.
Dan was whining about how much $$$ 401k and IRA participants have “lost”, mostly as result of Joe Blow Biden. Callers agreed. What is messed up with this idea? Dan said everyone has lost 20-25%. Now consider the fine print when one signs up for a 401k or IRA “savings” plan, Dan. Bongino admits he is no financial guru yet acts as though people are not “supposed” to lose $$$ in these plans.
Generally attached to any 401k, IRA or individual stock purchase is wording similar to the below as in a “disclosure” along the lines of past performance is NO “guarantee” of future performance or “value”, etc. etc.:
performance data shown represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors’ shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.
What Dan should be relaying to his audience is if you are going to play the game pull your head out! Just like gambling there are NO GUARANTEES. Amazing but just more political rhetoric and it happens full circle regardless who the chief and tribe is.
Tex- All of those accounts are already lost if the truth was told. If you let the grifters loose with your money you can wave bye bye and remember you volunteered.
Number crunching and all I suppose some have it down the nitty gritty what they have gained and lost, “exactly”. Dan Bonbanjo was not talking about the overall picture , no mention that if a loss of 50% then it takes a gain 0f 100%, not 50% to get back on even keel. And Bonbanjo mentioned not one iota the ups and downs spread over many years of various presidencies in figuring out if one is actually in the red or green. All Bonbanjo could say was how much people have “lost” during Joe Blow’s tenure which is rather ridiculous but hey, this is politics and everyone knows Trump’s administration did not increase the national debt or that his administration spent amounts equal to those of Obummer’s eight years but only in half the time , four years. Different subject yet makes me LMAO how these clowns on the left of me and jokers on the right manipulate everything.
The stock market’s performance under Biden…
FJB, FDT, FBO, f them all. Lying bastards all of “them”.
Corporations are doing buy=backs of their own stocks. It is a gigantic fraud. Like the talking Gremlin in the movie GREMLINS 2, I would advise to put everything in canned goods and shotguns. Bleib ubrig.
There was an article similar to this yesterday on Zero Hedge. Not only is Powell reversing himself, but he’s doing so in the face of recent data that suggest higher inflation coming. So yeah, I think they got to him. “Don’t fuck up Biden’s re-election” is the message.
They do not have to get to him- all on the same team and Powell is higher on the depth chart than “Biden”.
If those fools cut rates, we are gonna get at least $ 50.00 SLV
Dag- Then let’s hope they do. Silver is grossly undervalued.
BREAKING: Fed member Bostic sees only 2 rate CUTS in 2024 and expects cuts to begin in the third quarter.
This comes just hours after NY Fed President Williams said the Fed “isn’t really discussing rate cuts.”
Meanwhile, Fed Chair Powell just said the Fed sees 3 rate cuts in 2024.
All as markets are pricing-in anywhere from 6 to 8 rate cuts in 2024.
What a mess.
https://nitter.poast.org/KobeissiLetter/status/1735729038658793671#m
Ha, Ha, Ha. Just wait until the markets really price in the rate cuts. One day the suckers will all wake up to vaporized accounts.
B__MC, We know the Fed is always a year late and a trillion dollars short. So, we will likely see them making panic rate cuts in an election year. If that doesn’t sink the ship, the election will.
Well meow, more bullshit to try and save Burdens ass. same ole, same ole.
I need some doom, my doomage bag is empty and I’m runnin on fumes
Inflation isn’t doomy enough for ya?
I believe it’s because Powell knows 2024 is going to be chaotic, not only financially but also politically. The Dems are not going gently into that good night. They’re not done squeezing every dime out of us until we have no wealth at all.
None of this makes any sense.
The only things I can think of are 1) Powell sees something big that the markets haven’t picked up on yet and is trying to get ahead–Japan seems most likely. 2) Powell got stabbed in the back by doves in the Fed.
Neither seems likely, though.
Now, I have assumed that Tom Luongo is correct–at least in the broad strokes–that the Fed is at war with Eurodollar system, which is of course run primarily out of the City of London by the Davos crowd. The NY Banks that run the Fed aren’t going for the whole CBDC system which would end need for commercial banks, and perhaps, though not heroes, they don’t want a world run by Satanic Pedos. They prefer the world be run by them; the Jordan Belfort types. Most of the Fed still works for the Davos crowd/Blob/Borg/PTB. As does the “Biden” administration.
The NY Banks/Fed boys all ate from their trough for years, but either saw behind the curtain and didn’t like it OR saw that that game was mostly played and started a war instead.
No matter what, the timing is strange. The Reverse Repo facility still has plenty of liquidity leftover from Covid printing to keep buying Treasuries, the equity markets are at or near all-time highs. The real economy is completely fucking wrecked, but the Santa rally in those markets seems in tact.
So, why now?
Drud, I hate to be the bearer of bad news but The Fed is not at war with the Euro banks. The Fed is owned by Rothschild banks and Emblematic Freemason bloodlines so they are as Rothschild owned as anything from the City of London.
Under Bernanke and Yellin, almost certainly.
Powell is different, or at least has been. The thesis is as I stated above. Many of the events of the past 2 years, including the fastest rate hiking cycle in Fed history, suggest it is correct.
Yesterday undermines it. I don’t know what gives?
You are certain that you understand the whole schema.
I deal in nuance and incentives.
Fifty years ago I would have told you the same thing, Drud. The whole shootin’ match is (((them))). Nuance and incentives…… Uh, they don’t need incentives they own it.
Their football and their game.
Take everything Luongo says with a big grain of salt. He still thinks the FED controls interest rates for god sakes. How dumb can you be.
It is the World Bond market that controls interest rates and the only solution to the wanting to raise evermore cash to run every increasing deficits is HIGHER YEILDS. Currently the inflated beach ball is being tightly held under the pool surface.
It does what when you can no longer hold it down ?
It’s all one big cabal and they’re makin a giant shit sammich and we’re all gonna get more bites before it’s over
Gonna need plenty of mustard and ketchup for this.
Can you roughly outline why you assume(d) Tom Luongo to be correct with “Fed vs Eurodollar”?
It never made the least sense to me from the start.
“Europe” is no powerful player by itself. Especially since the EUR Crisis in 2012, when the Fed issued ReverseRepos to Europe to save the EUR – since that moment the EUR is chained to the USD, which means they will go down together if the Dollar falters.
And if you believe “Europe” is just a label for the Globalists [by Tom Luongo] – then, to paraphrase, “how many armies do the Globalists have?”
The thesis that its all old European colonial money and maybe further back than that. Almost all the dark money and the eurodollars run through the city of London, which is ancient and so self-contained to never face any scrutiny.
The Davos crowd/PTB/Assholes-in-charge, whatever you want to call them run through the City. MI5 runs intel ops, in partnership with the CIA and Mossad probably. They run the MSM through here. Run most of the political structures around the world through the money.
The Fed has not been in control of the dollar/interest rates for decades (if ever). Now, they are trying to. How? Jacking up Fed funds rate and implementing SOFR instead of LIBOR. This could only be done after Powel had secured another term and why he couldn’t continue rate hikes in 2018.
This is how fuckin’ Kristin (sp?) Sinema could stand up to the machine over the Build Back Better bill. She had backing. Form whom? Only entity with the juice is the Fed/NY Banks.
Now, the J-Pow’s speech this week may be contrary evidence. But more and more I’m thinking he really didn’t say much of anything, didn’t make any real promises, just vague Fed-speak.
Furthermore, the Fed/NY Banks are not white hats…just playing the game to their advantage. The system is still fucked. It’s all a Ponzi all the way down. The Fed is simply trying to roll up the other Ponzis first.
Chaos comes no matter what, IMO.
I agree. He never really promised anything. Just spouted a bunch of mealy mouth bullshit.
Thanks!
Trying to close some circles on what you wrote:
– “The Fed is simply trying to roll up the other Ponzis first.”
Absolutely. But for the TL thesis to be correct, it would mean Davos/London/MI5 are trying to roll up the other Ponzis faster than the Fed, and then the Fed itself. Towards what? The EUR? Or a magically dropped from the sky UDR (Unicorn drawing rights), which somehow everybody and their uncle will accept directly after all the Ponzis imploded [in that assumed case].
– What side is the CIA on in this game? MI5 aka Davos/London, or Fed?
Outside:
– Do those Davos/London people really assume China & Russia will watch passively from the sidelines as the Globalists take over pretty much everything outside of their two countries, assuming that ploy is really run?
“Towards what?”
That is the real question, isn’t it?
Clearly, there is a move to have all of us useless eater’s eat bugs, live in pods in 15-minute cities and then die. Because they hate us, which is they resent us for not being utterly miserable despite their power. But the psychology is secondary.
Who really knows who sits atop the heap. Those people don’t want their names to be known. The alphabet agencies are very useful because they have studied human behavior and how to drive it for decades, plus they have massive black budgets.
I think it quite possible that they do think Russia and China will play along, simply because they can’t conceive of anyone not going along. The whole thesis is that there is splintering at the top of these pyramids. These institutions are not monoliths, though they can act like they are for long periods of time, because incentives of key players align. That cannot last forever.
Now, what I think Luongo misses is that there can be some of those “weeks where decades happen” that Lenin described. Genuine Black Swans, defined as truly unpredictable events and repercussions. Also, he ignores the biggest player in the game…the herd itself. Heretofore, the people have all been pretty passive, but there is no guarantee that will last forever. There is no guarantee we will ever stand up either, millions went more or less peacefully into the Gulags after all.
We are at a massive Global crossroads and IMO the end of an age of earth (12000-year disaster cycle). All bets are off, and chaos will rule the day before too long. Impossible to be more precise with the timing.
Completely ignoring TL, I myself believe the USD will completely implode in value before the end of 2027. And will take anything [financial] in “the West” down with it.
The ‘best laid conspiracy plans’ of Davos/the elites/TPTB will melt into air and in the end they will be happy to just survive without becoming dirt poor.
And that all presumes the dying US empire will not push the big red button somewhere along the way – which my rationality and philosophical understanding however tells me is the by far most likely outcome; but I’ve decided to continue living as if it won’t happen.
(But humanity will survive even all-out nuclear war [in some places], maybe going back into medieval ages after.)
m- Did Germany die when the Weimar went full financial retard? Zimbabwe didn’t die when their currency went full f’n retard. Why is the US going to die, you just reset to another currency, we can even change our name to Moronica from America.
You should be able to understand the difference between ‘the US’ and ‘the US empire’, the latter which I wrote is dying.
And sure, ‘the US’ will probably survive in some way and size, but I will not live long enough (~35yrs) to see the remains bloom again… This is not a “money” problem, not a political one either, not even a philosophical one – but a moral one, which will take a generation to turn around [in ‘the US’] in the best case.
So why should I stay and watch the decay, to never myself see an upward rise again? I have better things to do, plus I found a better, much more moral place where I can still make a bit of a difference.
What freaking difference does it make if news is all AI. It’s already 100% fake and gay bullshit. Everything, I mean EVERYTHING on the TV is a lie or propaganda now. Most of the alternate news, even much of what is printed on TBP is bullshit too (and I say that as a paying customer). You have to sift through anything you read or watch to find the kernals of truth.
…since ’92.
May 10 – Union Bank is founded in Boston. In 1925 it merges with State Street Trust Company, now known as the State Street Corporation
February 20 – The Postal Service Act, establishing the United States Post Office Department, is signed by President George Washington.
https://www.wikiwand.com/en/1792_in_the_United_States
Israel has been doing this for some time now. Don’t be fooled. Because i have native 8k UHD PC grfx I can “see” AI like a red dot on a black background.
Not flaming your post, only desiring people refer to the State of Israel.
FED DOES NOT CONTROL INTERET RATES. The market does. So the market is saying recession- more likley depression. So interest rates headed down and FED must follow- expect the yield curve to un-invert. That’s when SHTF. This is not good at all- inspite of what the talking heads on MSM tell you. Instead of buy, buy, buy. It’s sell, sell sell time.
NaR,
Are you sure about that? The FED can purchase unlimited amounts of bills,bonds driving down the interest rate. They also have deals with other Central Banks to buy each others bonds. They recently smashed the VIX….via derivative contracts, I believe(?)
They literally have unlimited firepower.
We’d probably all shit our pants if we knew the totality($Trillions) of their “purchases”.
Next you tell us the Fed doesn’t “print” money at will.
And…the worse the “correction” the greater the “stimulus/QE/Easing/Monetization” in an attempt to mitigate the damage. The real issue? M2 keeps dropping as velocity plummets. That’s because of “dead” money on balance sheets and no good opportunities to lend to good, credit worthy businesses. Then they do what they did during Covid – send money everywhere (direct deposit) to postpone disaster. That always works out well.
Control? No.
GREATLY Influence? Yes.
Most of the time the Fed does control the interest rates by funding bank reserves through FFR. This then propagates through the system.
I think of it like a cattle drive. When everything is going well, the drovers control the herd. When there is a panic, the cattle go where they want.
A few points…
First, the Fed does not set the interest rates. They would like you to believe they do, but they don’t. What the Fed does is to follow the 2yr. rate which ever direction it goes. If you doubt what I say, simply overlay a chart of the Fed overnight rate over the 2 yr rate and that fact will be very obvious. The 2yr rate always moves first, then the overnight rate follows it.
Second, there is already a run on the banks happening. The idiot masses are learning one by one that their deposits in their local bank are dead money, and that they can make far more by moving their cash into money markets, brokered CD’s or buying short term treasuries.
As the idiot masses slowly pull their money from savings accounts to reinvest in 5+% investments, the banks are being forced to liquidate their stash of 30yr notes at huge losses.
Third, the account the Fed uses to purchase Treasuries at auction is its Reverse Repo Account. That account that was well over 2 trillion a year ago, is now under 800 billion, and will probably be depleted around March or April.
This will severely affect the Feds ability to purchase Treasuries, at a time when China and the wealthy oil producers in the Middle East are also either cutting purchases, or stopping purchases all together.
The idiot masses have deposits in their local bank 😂 🤣
Which part of “60% of Americans are still living paycheck to paycheck” did you not understand??
Living paycheck to paycheck does not mean people do not have savings….
🤦♂️ 🤦♂️ 🤦♂️
To paraphrase:
I am willing to bet you have never achieved much success. You do not seem to understand English at all….
Let me guess, you come from a long line of Rhodes Scholars…….
You are right…. The banks are not capitalized by depositors…. They simply shit money…
Did you receive your ‘Riksbank Memorial Prize for Economics’ already, for your theories how people living paycheck to paycheck actually are funding the financial system? 😂 🤣
Have you ever wondered why it is you have been so unsuccessful? It is because you are an idiot…..
“Living paycheck to paycheck does not mean people do not have savings….” wrote the pro-genocide dumbass
😂 🤣
I know people who make $100+K a year, live in $800K homes, have both savings and retirement, and still live paycheck to paycheck. But seeing as you are one of the people of Walmart, that is not something I would expect you to have any personal knowledge of…..
Nooo, I only lived in a $660k house (2013 paid price) looking onto the SF Bay, and made $160k in my best year as an IT contractor, before I left the US in 2020.
Now tell us again how deposits capitalize banks in a fiat (=debt-based) currency system.
Before you demand to genocide some group of people, that is.
I damn sure live paycheck to paycheck once a month. Praise the Lord it buys the groceries, pays the electric bill and pays the property tax plus fuel for the old vehicles and other “things”. For certain I do have a stash one might call “savings”.
!
Have any of you ever gone to this website?
https://www.usdebtclock.org/
At the top right there is a “Secret Window” tab. You get a special “Great Awakening” preview🧐
Yes, I am amazed every day that the wheels don’t fall off this country at any given time.
I would invest THAT energy into free energy systems…
I heard this morning in a video that a guy realized he had no Federal Reserve Notes printed later than 2017. So I made a point of checking every note in the house, all of them withdrawn from a local small bank over the past few years and up to within a month ago, and sure enough not one of them was dated later than series 2017. That seems odd that the Federal Reserve would abruptly cease printing cash 6 years ago. Anybody know what’s up?
Debt default. Just because TPTB haven’t told you doesn’t mean it didn’t happen.
The year on the FRN does not mean the year it was printed.
Unlike coins, they keep the same year on notes they print for several years.
Too difficult to change strike plates, etc.
Before 2017 many had 2013 date I believe with Steve Manuchin as Secretary of Treasury under Trump.
“The year on the FRN does not mean the year it was printed”
Looked to no avail, finally using the above quote from You. No luck.
Thanks in advance for any help/guidance.
Does the series date on a US bill mean it was printed that year?
Very often not. Bills are printed with the same series date until the Treasury decides that a new series should start. Series dates on US bills are a major source of confusion because there are no consistent rules for their application.
https://www.answers.com/Q/Does_the_series_date_on_a_US_bill_mean_it_was_printed_that_year
“Does the series date on a US bill mean it was printed that year?”
Returned many answers. Whoda Thunkit, Thanks Again!
Oh yeah , the death of the dollar , we’ve all known its days we’re numbered . Main problem is that these grifters up in DC have been in thrall to the” sirene” call of the Federal reserve for all that easy money going back at least to Tricky Dick closing the gold window back in 71, and actually 1913 if you want to go all the way back, and have amassed a mountain of debt the likes of which I don’t think the world has ever seen , a kind of latter day Tower Of Babel ” if you will ?The Twin Towers we’re considered the symbolic financial center of the world at one time and one day back in 2001 ,sure as shit ( reasons why aside ) down they came .
its actually fairly similar to one of the sub plots that threaded thru the movie “Dumb and Dumber “. Recall that suitcase formerly filled with dirty cash then full of IOU’s and the promise from the dumb duo that ” they’re totally good for it “to the not so pleasant owners who finally caught up with them to retrieved it ?That’s all .
The majority of us holding the bag are armed.
“the drastically divergent messages […] con firm this suspicion.”
Nice work, Admin.
I will never look at the word ‘confirm’ the same way again!
It looked like a deliberate pun to me. I thought the same thing
Yup, Admin should have put the spin on it like CONgress (CON firm).
The users have made the ‘ corporate person ‘ collateral
So how many of you read the first two lines above the Futurama meme and after reading the third, Buffalo Springfield, thought “Oh, yeah, Buffalo Springfield” and then went back and re-read the first two lines hearing the music in your head?
Just to realize you’re old.
And I’m gonna hear it all day now.
Thanks
I LIKE being “old gold”. Nice and smooth…
I’m banking heavily on the “Great Unwinding” to continue at full speed. Powell’s baiting leaves money in the markets free for the inevitable taking.
(As will be necessary to clawback)
Bravo James.
Another one out of the park.
Anything and everything to keep up the Communist Democrat humiliation, insult and mockery of tradition-minded Americans. FJB.
I wanted to believe Powell was driven to do what is right (his lineage is Virginia landed-gentry, etc.) but nope. Appears he’s going to do what he’s installed for, bailing out cronies when the whip comes down. There’s no way out of this – which doesn’t mean they won’t try (Atl + Ctrl-p). In the end, however, they’ll blow it all in an act of sheer desperation. CBDC, and who knows what else? Their arrogance does it every time, only when it plays out this time, there won’t be any, “do-overs”.
The DOW is currently creeping toward another universal record the likes of which have never been known. Of course the day is young. Sleepy Creepy Joe Blow Biden is so brain dead he does not understand how much additional bullshit he can spew on the peeps by calling for one minute press conferences touting his DOW. Today could be missed opportunity #4.
https://www.brighteon.com/22375a2f-1f93-44fe-8fb5-4a2d0b27298c
Lou Reed – something happened