Tag: end game

Bidenomics End Game: Insiders Struggle To Hide What’s Coming

From Peter Reagan for Birch Gold Group

We regret to inform you, Janet Yellen is at it again. This time, it appears like she’s campaigning for another Biden term by highlighting his economic “success.”

After all, he probably needs all the campaign help he can get.

Yellen’s “strategy” isn’t all that novel. She seems to be starting by leveraging Biden’s infrastructure spending, according to a Newsmax article:

Yellen will seek to draw contrasts with the Trump administration’s failure to enact major infrastructure legislation, touting Biden’s $1.2 trillion infrastructure law, his investments in semiconductors and hundreds of billions of dollars in clean energy tax breaks.

Trump also attempted to spend $2 trillion on infrastructure, to no avail. But even Biden’s “success” creates a little “hitch” in Yellen’s campaign strategy…

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America’s Propped-Up Economy Is on Its Last Legs

From Peter Reagan at Birch Gold Group

If there ever was an “uh-oh” moment for the U.S. economy, it’s coming very soon.

The consumer spending spree that powered the economy since the pandemic panic is coming to an end.

At the beginning of the pandemic panic, American households hunkered down, slashed spending and deposited their stimmie checks.

Ever since, thanks to a combination of high inflation and “revenge spending,” consumer spending exploded to what Wolf Richter calls “drunken sailors partying hard” levels.

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The Extraordinary Popular Delusions at the Eccles Building

Via International Man

Eccles

Never in the history of the world has the financial well-being of so many tied to the economic competence of so few. Yet what emerged from the latest FOMC meeting (March 15-16th) indicates a complete lack of the macroeconomic fundamentals that is driving the markets.

Given how wrong the US Fed has been in its forecasts of transitory inflation, one would have hoped that Fed officials would have questioned some of their basic assumptions which had led to such dramatically erroneously conclusions. Yet, they continue down the path of mistaking bubbles for growth, extremely frothy market valuations for solid fundamentals and the cheery market consensus for a stable equilibrium.

Make no mistake—We are in extreme bubble territories for the asset classes of equities, bonds (despite the recent routing, valuations are still very frothy – more on that latter) and real estate. US GDP numbers these days are pretty much largely dependent on the reserve currency status and is just a pin-prick away from a cascading collapse on multiple fronts. What lies in the months and years ahead is sheer mayhem in the equities, bonds and real estate markets and consequently on the economy and currency markets as well.

A legitimate question at this point would be what has changed in the immediate past to convert what was an inevitable event to an imminent one? Just to point out, the fundamentals of the US Economy have been degrading for at least a couple of decades now and it was the apparently low consumer price inflation despite all of the monetary inflation (i.e. expansion of the money supply) that was masking the disease. Economists, investors and the general public have been mistaking the equity, real estate and bond bubbles (which are a direct consequence of the monetary inflation) as indicative of a sustainable economy. Continue reading “The Extraordinary Popular Delusions at the Eccles Building”

The End Game

Guest Post by The Zman

A popular topic on the Right for a long time has been the looming economic trouble that everyone agrees is inevitable, due to the spiraling debt. The political parties lost interest in the debt during the Obama years, but the problem remains. The Federal government adds another trillion or so every year and we’re just at the start of the great Baby Boomer retirement, which promises to bankrupt Social Security and Medicare. All of the things Reagan warned about, and did nothing about, are still there and getting worse every day.

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Where Will You Be When the End Game Begins?

Hat tip Suzanna

By Cognitive Dissonance

www.TwoIceFloes.com

 

Sometime after oh dark thirty it will begin, the previously cocked trigger suddenly released to wreck havoc throughout the world’s financial system. Like an intricate and interwoven design made entirely of standing dominoes, all it takes is a slight disturbance to knock one off its base and start the cascade of toppled consequences running down the line.

With the benefit of hindsight it will be seen that the trigger itself was not the killer. Instead, sometime later, a specific projectile will be (most likely falsely) identified as the blunt instrument which tore economic flesh asunder and quickly bled the system of ‘liquidity’ faster than a slash to the femoral artery. Too late to make a difference, tourniquets will be applied to stem the red tide. Sadly, all it will accomplish is to extend economic life long enough to enable a final frenzy of looting before the bloody end.

And the totalitarian end game will have only just begun.

 

End Game

Where will you physically be when the end game begins? If you are not there when it begins, you will most likely never get there.

Continue reading “Where Will You Be When the End Game Begins?”