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Things Are “Bat-Shit Crazy” Right Now

This article was originally published by Tyler Durden at ZeroHedge. 

*FULL TITLE: Things Are “Bat-Shit Crazy” Right Now – Paul Tudor Jones Likes Bitcoin, Debunks Transitory Inflation Narrative

Paul Tudor Jones, the billionaire investor and founder of Tudor Investment Company, joined the hosts ofCNBC‘s Squawk Box for an early morning interview where he discussed the potential implications of whatever Fed Chairman Jerome Powell decides to tell the market on Wednesday when he speaks after the central bank’s latest 2-day policy meeting.

Jones began by making his position on The Fed’s narrative very clear:

“The idea that inflation is transitory, to me … that one just doesn’t work the way I see the world.”

PTJ isn’t the only big-name investor who is skeptical of the Fed’s inflation narrative (a group that also notably includes Jeff Gundlach). At this point, whenever the Fed does decide to finally taper its stimulus measures, markets are poised to go “bat sh*t crazy”. That’s why this week’s Fed meeting is so important.

“I think this Fed meeting could be the most important Fed meeting in Jay Powell’s career.”

Most expect Powell will once again choose to dismiss signs of intensifying inflationary pressures and ignoring data like last week’s inflation print. If that’s the case, PTJ said he believes investors should keep going all-in on the inflation trade.

“If they treat these numbers – which were material events, that were very material – with nonchalance, I think that’s a green light on the inflation trade,” Jones said in an interview on “Squawk Box”.

“I’d probably buy commodities, buy crypto, buy gold.”

But if the FOMC “course corrects,” something few expect at this week’s meeting, then markets could be in for a pumping ride.

“If they course correct, if they say, ‘We’ve got incoming data, we’ve accomplished our mission or we’re on the way very rapidly to accomplishing our mission on employment,’ then you’re going to get a taper tantrum,” Jones said.

“You’re going to get a sell-off in fixed income. You’re going to get a correction in stocks. That doesn’t necessarily mean it’s over.”

With so much confusion right now, exacerbated by the Fed’s refusal to meaningfully taper its post-COVID-19 stimulus,  PTJ said putting together a portfolio is no easy feat. As of now, he said he’s keeping 5% of his assets in bitcoin, 5% in gold, 5% in commodities, 5% in cash, and, as for the rest, who knows?

Of course, the Fed can’t keep its accommodative measures forever. PTJ said he’s grateful he’s not a pension fund manager because right now between bonds and stocks “they are so overvalued, they are at 100-year highs. I would have as many inflation hedges on as I possibly could.”

At one point in the interview, PTJ reiterated his support for bitcoin, which he previously endorsed on CNBC back in October.

“I like bitcoin. Bitcoin is math. math has been around fro 2 thousand years 2 + 2 will equal four for the next 2k years…bitcoin has appealed to me because bitcoin is a way to invest….do i want to have faith in that same reliability and consistency of human nature…”

As for bitcoin’s environmental impact, PTJ acknowledged that this might be a problem:

“it costs more to mine gold than it does to mine bitcoin. clearly, I’m concerned about the effects of bitcoin mining…if I was king of the world I would ban bitcoin mining until we found a better way.”

“I have a lot of friends heavily invested in crypto. I have a defensive position for myself and for my family, but I don’t even look at it any more.”

Tudor also offered some skepticism about the Fed’s strategy, saying that over-inflated financial assets are making him nervous.

I hope that we mean revert back to financial orthodoxy. I get nervous…

…you could argue that the Nasdaq is going to go up 20% if we stay at this pace in Treasury purchases…

I don’t know if that’s necessarily a good thing. I don’t know if continuing to increase valuations through monetization is the right course.”

Finally, CNBC’s Andrew Ross Sorkin finished off the interview with s simple question about taxing billionaires, which has been heavily in the news over a couple of weeks.

Watch the full interview below:

The post Things Are “Bat-Shit Crazy” Right Now first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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The ‘Take This Job and Shove It’ Recession

This article was originally published by Charles Hugh Smith at Of Two Minds Blog. 

So hey there Corporate America, the Fed, and your neo-feudal cronies: take this job and shove it. This time it really is different, but not in the way the Wall Street shucksters are claiming.

Conventional economists, politicos, and pundits are completely clueless about the unraveling that’s gathering momentum beneath the superficial surface of “reflation” because they don’t yet grasp we’re entering an unprecedented new type of recession: a ‘Take This Job and Shove It’ recession which is unlike any previous downturn.

Long-time readers know I’ve addressed the emergent class structure and systemic decay of the socio-economic order for many years. Just as a quick refresher, here are a few of the dozens of essays I’ve written on these topics:

America’s Nine Classes: The New Class Hierarchy 4/29/14

The Managerial/ Professional Class Is Burning Out 3/28/16

America’s Metastasizing Class Wars 8/27/20

This Is How It Ends: All That Is Solid Melts Into Air 9/10/20

This Is Why Inflation Will Rip Everyone’s Face-Off 9/17/20

What the chattering class of apologists, toadies, lackeys, factotums, and apparatchiks missed about the pandemic lockdown was the tidal change in perceptions of work and life enabled by a withdrawal from the deranging frenzy of work: once people had time to reflect on their lives, mortality, goals, identity, and the soaring costs and dwindling rewards of their efforts to “get ahead” via slaving away in a dead-end job/career, the tune that began to haunt their subconscious ruminations was Johnny Paycheck’s timeless classic, Take This Job And Shove It (2:31).

Whether anyone in the halls of power cares to notice or not, a mass withdrawal from the workforce is underway. What’s remarkable about this swelling exodus is that it isn’t confined to one class of workers: low-wage workers are jumping ship en masse, but so are mid-level white-collar workers and well-paid but overworked technocrats in the top 10%.

As the professional apologists frantically spew rah-rah PR about the “recovery” (you mean we’re all addicts and are now “recovering”?), the workforce is finally awakening to the emptiness of the PR: the rewards of the economy have flowed to two classes: the Financial Aristocracy (a.k.a. the New Nobility in our neo-feudal economy), the top 0.1% who now own more wealth than the bottom 80% of American households, and speculators, from the scammers on Wall Street to the daytraders gambling their stimmy payments.

The reality that wages have stagnated for the past 50 years is finally sinking in, and people are responding accordingly. By any realistic measure, most workers have lost ground when the purchasing power of their wages in the 1980s is compared to what their earnings buy now in healthcare, childcare, rent, higher education, property taxes, etc.

The erosion of labor’s value has been catastrophic for the bottom 60%. As I recently noted, I was making $12 an hour in 1985, an OK wage but nothing special, and after 36 years of inflation, many workers are still earning $12 an hour–or less. Measured in purchasing power, wages have declined since the early 1970s.

Take a glance at the chart below of wage’s share of the economy and observe it’s been in a downtrend since the early 1970s.

Meanwhile, the cost of big-ticket expenses such as healthcare, childcare, rent/housing, and higher education have tripled. Even high-earners such as physicians have lost ground, as their salaries in 1985 bought far more goods and services than their salaries do today.

Young high-earners have been flocking to the FIRE movement for years: financial independence, retire early is the upper-middle-class way of saying Take This Job And Shove It, as the goal is to save enough earnings by scrimping and saving to exit the workforce for good while still in your early 30s.

Lower-wage workers are finding other workarounds. Much to the consternation of employers, many are milking the extended unemployment payments. But beneath the radar, others have carved out informal-economy niches or found ways to slash their living costs–for example, constructing a micro-home on a cheap plot of rural land and saying goodbye to McMansion dreams and $2,000 a month rents for tiny apartments in decaying urban cores.

Even highly paid people are realizing that the meager rewards of slaving away to make Corporate America another couple trillion in profits isn’t worth their life. As desperate employers offer overworked technocrats bonuses to keep them slaving away, the workers are plowing the bonuses into bets they hope will pay off and fund their escape from neo-feudal serfdom sooner than planned.

While the apologists, toadies, lackeys, factotums, and apparatchiks serve their neo-feudal lords for pennies tossed in the sawdust, the most productive workers are melting away. Nobody dares mention the number of physicians and nurses who are leaving America’s sick-care system; once again, the pandemic served as a catalyst for action to be taken on long-simmering frustrations.

YOLO (you only live once) isn’t just about making risky bets in bubblicious markets–it’s about deciding to do something else with your life other than make Corporate America another couple trillion in profits or keep your small business afloat as taxes, fees, penalties, surcharges, rent, and every other expense soars.

The pandemic posed a question few had time to ponder: what’s the point? What no financial analyst dares confess is the corporate profits they cheer every quarter have come at a cost that many Americans will soon be unable to bear. Millions of highly experienced, essential employees are either planning to quit, retire, cut their hours or switch to lower-stress jobs.

It isn’t easy to escape the clutches of the Corporate-State neo-feudal system; the costs (tangible and intangible) of self-employment have been rising steadily for decades:

The Troubling Decline of Financial Independence in America (August 28, 2015)

The Fading American Dream of Working for Yourself (October 2015)

Social Mobility between classes has decayed, and people are finally beginning to grasp this. After you do all the right things–borrow a fortune to get a college degree, build your resume with low-paying jobs working ridiculous hours, etc., you eventually realize you’re a precariat just like everyone else. Maybe a better-paid precariat, or maybe a poorly-paid precariat, but this is all the Financial Mobility you’re ever going to get.

The Top 0.1% winners in this system are protected by the Federal Reserve, while the losers are strip-mined by crushing taxes. Even if they don’t understand the exact mechanisms of the Federal Reserve’s bag of tricks, they now understand the rich get richer and the state protects them from the precariats and serfs doing all the work.

The Federal Reserve can conjure up trillions of dollars out of thin air to further enrich the nation’s parasitic elite, but they can’t print experienced, motivated workers or people with entrepreneurial skills.

The danger to the state is not who rebels but who opts out. Outright rebellion suits the state, as it can turn its monopoly on force on the citizenry. But when those keeping everything glued together have had enough and find a way to quit, the entire system starts unraveling in ways the state is powerless to stop.

If the Technocrat Caste opts out, the private sector loses its tax donkeys and managerial expertise. If what remains of the middle class opts out, what’s left of America’s civic glue disappears.

If the working poor opt-out, the scut work required to provide the upper classes with their comforts will not get done. (Hey, Mr. State Bureaucrat and Mr. Financier, here’s a saw and a knife. Butcher your own meat.)

There’s only so much inequality and unfairness a workforce can bear, and America is well past that point. To those who claim “people can’t afford to quit,” just watch. Those who’ve had enough are finding ways to opt-out. There’s plenty of woodwork to disappear into.

So hey there Corporate America, the Fed, and your neo-feudal cronies: take this job and shove it. This time it really is different, but not in the way the Wall Street shucksters are claiming.

So take this job and shove it, I ain’t working here no more. I’m stepping off the rat-race merry-go-round, thank you very much. You can find some other sucker to do your dirty work and BS work, all for the greater glory and wealth of your New Nobility shareholders. I’m outta here. So I won’t get rich, that dream died a long time ago. What I’m interested in now is getting my life back and getting the heck out of Dodge as things unravel.

Of related interest:

My book Get a Job, Build a Real Career and Defy a Bewildering Economy is a primer for those seeking sustainable self-employment in the nooks and crannies of the economy.

If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

The post The ‘Take This Job and Shove It’ Recession first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Food Prices Are Rising Aggressively, And Even The Corporate Media Is Admitting That It Is Only Going To Get Worse

This article was originally published by Michael Snyder at The Economic Collapse Blog

Food prices are outrageous now, but they are only going to go higher.  Earlier today, I came across an NBC News article entitled “Get ready for higher grocery bills for the rest of the year.” I thought that it was strange that a piece put out by the corporate media sounded like it could have come straight from my website because I have been sounding the alarm about higher food prices for quite some time.

Surprisingly, the NBC News article was generally right on point.  Thanks to a variety of factors, food prices have been rising aggressively, and that is going to continue for the foreseeable future.

According to the Labor Department, consumer prices overall were up 0.6 percent from February to March…

Consumer prices shot higher in March, given a boost by a strong economic recovery and year-over-year comparisons to a time when the Covid-19 pandemic was about to throttle the U.S. economy, the Labor Department reported Tuesday.

The consumer price index rose 0.6% from the previous month but 2.6% from the same period a year ago. The year-over-year gain is the highest since August 2018 and was well above the 1.7% recorded in February.

0.6 percent may not sound like that much, but if you multiply that figure by 12 months you get an annualized rate of  7.2 percent.

Of course the government has changed the way the inflation rate is calculated dozens of times over the years, and at this point everyone knows that the official number greatly understates what is really happening in the economy.

In fact, John Williams of shadowstats.com says that if the rate of inflation was still calculated the way that it was back in 1980, it would be over 10 percent right now.

In other words, we have now reached Jimmy Carter levels of inflation.

One of the places where we are really starting to see inflation show up is in food prices.  Here are just a few examples

Before the pandemic began, the national average for a pound of bacon in January 2020 was $4.72. By last month, that price had soared to $5.11, according to exclusive supermarket point of sale data from NielsenIQ. Ground beef is up $5.26 a pound from $5.02. Bread is up $2.66 a loaf from $2.44.

So why are food prices increasing like this?

Yahoo News recently posted an article that listed four explanations

1. Plummeting food production
2. Transportation tumult
3. More eating at home
4. Wild weather

Moving forward, the pandemic will continue to suppress global food production, commodity prices will likely keep climbing, and increasingly wild weather patterns will certainly cause even more damage to crops.

All of these factors are making it more expensive for food companies to operate, and as NBC News has noted, food companies are starting to pass along those costs to consumers…

Issues like higher gas prices, increasing transport costs that get passed on to consumers, especially for items like bread, are only going up as driving increases faster than oil production. So grocery prices are likely to remain on the higher end of estimates for at least the rest of the year, Olvera said. Producers may eventually increase their output in order to capture the heightened demand, but that won’t happen until toward the end of this year, Olvera said.

Of course, it isn’t just the United States that is wrestling with these problems.

Food prices are actually rising far more rapidly in much of the rest of the world, and we recently learned that global food prices spiked for a tenth month in a row during March…

Global food commodity prices rose in March, marking their tenth consecutive monthly increase, with quotations for vegetable oils and dairy products leading the rise, the Food and Agriculture Organization of the United Nations (FAO) reported today.

The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 118.5 points in March, 2.1 percent higher than in February and reaching its highest level since June 2014.

Those at the very bottom of the economic food chain are being hurt the most by rising food prices.

We have already started to see food riots in some areas, and one relief organization is warning that millions of people in East Africa are now on the verge of starvation

Over 7 million people across six East African countries are at the cusp of starvation as communities have faced existential threats from violence, flooding, the pandemic and locust infestation, the evangelical humanitarian organization World Vision has warned.

Needless to say, all of these developments are perfectly consistent with the warnings that I issued in Lost Prophecies Of The Future Of America.

Even during the best of years, we really struggle to feed the entire planet, and 2021 is definitely not going to be a great year for global food production.

The good news is that there is still plenty of food in our supermarkets right now, and that means that we have a window of opportunity.

I know that food prices may seem ridiculous, but they aren’t ever going to be any lower than they are right now.

I would encourage you to use this window of opportunity to stock up at these relatively low prices, because the price increases are only going to become even more painful as our leaders continue to flood the system with more cash.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

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The “Helicopter Parent” Fed and the Fatal Crash of Risk

This article was originally published by Charles Hugh Smith at Of Two Minds Blog. 

All the risks generated by gambling with trillions of borrowed and leveraged dollars didn’t actually vanish; they were transferred by the Fed to the entire system.

The Federal Reserve is the nation’s Helicopter Parent, saving everyone from the consequences of their actions. We all know what happens when over-protective Helicopter Parents save their precious offspring from any opportunity to learn from mistakes and failures: they cripple their child’s ability to assess risk and learn from failure, guaranteeing fragility and catastrophically blind-to-risk decisions later in life.

Helicopter Parents generate a perfection of moral hazard, defined as there is no incentive to hedge risk because one is protected from its consequences. Moral hazard perversely increases the incentives to take on more risk because Mommy and Daddy (the Fed) will always save me / bail me out.

For example, when Mommy and Daddy make their reckless teen’s DUI charge go away, the teen’s already potent sense of godlike liberation from real-world consequences floats even higher. So next time the teen gets into his car drunk and takes his friends on a high-speed spin down Mulholland Drive, he loses control and kills everyone in the car–not just himself but those who trusted his warped sense of risk.

The Fed is the ultimate Helicopter Parent, protecting all the power players in our economy and society from the consequences of their risky actions. By crushing interest rates to near-zero, the Fed has perversely incentivized increasingly risky expansion of credit, and given the green light to there’s no limit, spend as much as you want government borrowing.

The Fed’s implicit promise to never let the stock market drop for more than a few days–the Fed Put–has incentivized every punter from billionaires to corporations to unemployed people with stimmy checks to max out their credit (or margin accounts) to increase their bets in the market casino.

The Fed has implicitly informed the bigger players that they can bet as big as they want because the Fed will always bail them out, transferring private losses to the public via Fed bailouts, lines of credit, backstops, etc.

The Fed has also signaled it will change the rules as needed to save its Players from loss. Mark-to-Market reveals the insolvency of the Players? Well, we’ll just get rid of that. All fixed! (heh)

Once the path of moral hazard has been taken, a fatal feedback loop takes hold: as reckless punters take on more risk to boost their gains, the fragility and brittleness of their positions increase geometrically. This soon endangers not just their own bets but the entire financial system, as it’s not just one punter who responds to the Fed’s Helicopter Parenting promise of no consequences for taking on more risk–every punter gets the green light to take on more risk because the Fed has our back.

Indeed, now that the Fed Put has been established as unbreakable, it would be irrational not to max out margin to increase one’s exposure to risky bets. And voila, margin debt has soared as the Fed has signaled its commitment to bail out every risky bet in the market casino.

Now that every punter has maxed out their margin account to increase their bets on markets lofting ever higher, the Fed has no choice but to increase the system’s moral hazard: as punters respond to the Fed’s incentives to take on more risk, the Fed has to expand its protection of punters from the consequences of their recklessness, which then increases their recklessness.

Nobody’s ever had a more generous and godlike Helicopter Parent than the Fed. But alas, just as actions have consequences (first-order effects), those consequences have consequences (second-order effects): in the case of the Fed, credit and markets, the second-order effects are as catastrophic as the drunken teen’s there’s no risk I can’t handle last race down Mulholland: all the risk that the Fed has supposedly dissipated into nothingness has been transferred to the entire financial system.

All the risks generated by gambling with trillions of borrowed and leveraged dollars didn’t actually vanish; they were transferred by the Fed to the entire system, which is itself now too fragile and brittle to withstand even the slightest intrusion of consequence.

The entire financial system is now careening down a treacherous stretch of curves and blind spots, absolutely confident that being dead-drunk on the Fed’s promise of never-ending gains in the market poses no risk whatsoever because the Fed has our back.

Unfortunately for the drunken teen, Mommy and Daddy could make the DUI go away but they can’t bring the lifeless bodies of those who reckoned their distorted view of risk was actually accurate back to life.

Once the fragile, brittle, disconnected-from-reality system the Fed has created crashes, the Fed will be as powerless as all the other grief-stricken Helicopter Parents to reverse the irreversible consequences of their meddling with moral hazard.

The post The “Helicopter Parent” Fed and the Fatal Crash of Risk first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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POWELL IS EITHER DEAD WRONG OR A GENIUS!

This article was contributed by Portfolio Wealth Global. 

For months now, the theme has been that the economy is heating up.

If you free-search the term “Overheated Economy,” tons of articles, showing packed malls and fully-booked resorts appear.

The notion that bond yields are going to keep rising and that the FED must tighten soon is flawed in the eyes of FED Chair Powell.

If he’s wrong, the gloom-and-doom crowd believes inflation will get out of hand.

I want to show you Powell’s arguments that inflation will not rise above the 2.2%-2.4%, where the FED wants it to be for the next few years, and then I’ll show you where Powell could be wrong.

WHY DISINFLATION IS LIKELY

Disinflation doesn’t mean deflation. It means that inflationary expectations aren’t met.

It means that deficit spending and unsecured government debts are not going to cause a worst-case scenario, despite the in-your-face emotional rants of people who despise them.

Here’s why Powell believes disinflation (2.2%-2.4% long term) is more likely:

  1. Supply Chain Congestion: This is a big one. His reply is that any supply chain matters are fleeting and will be resolved. I agree. The capacity to manufacture in today’s world is nearly inexhaustible.
  2. Technological Boom: A crucial point is that breakthroughs in technology are making our lives much more affordable.

If I think about twenty years ago when people wanted to chat with a friend of theirs, while riding the bus, the SMS technology was expensive!

A text message used to cost a fortune. If I tried to live the same life I did twenty years ago, my life would be 50% cheaper than it is right now, so technology is driving prices down.

  1. Mature Economy: No robust economy with a long-standing currency system has ever suffered from crazy inflation.

It is true that all fiat currencies in history have gone to zero, but it’s also misleading since the population had ample time to exchange the old currency for the new one before the old expired into nothingness.

  1. Competitive Global Economy: In the 1970s, America was the clear dominator and no one else was even close. Today, the ability to produce and manufacture is uncanny and before companies raise prices, there better be a very good reason for it.
  2. Phillips Curve Theory Failed: In the last few years, we saw unemployment levels in the U.S. go down so much, yet inflation never became an issue. The jobs market was so tight that people were quitting left and right and companies still didn’t raise wages by that much, since they looked outside the U.S. for talent.

Courtesy: Zerohedge.com

Bonds have clearly been a horrible asset to hold in 2021, but with the 10-year bond dishing out 1.714%, as I write this, get inside the head of a pension fund manager, with billions to deploy and a mandate that he must hold government bonds.

He looks at the available supply of bonds and sees that in Europe, every government will borrow from you, but none of them will pay anywhere near what Washington will and some might even charge you interest!

Inflation might not become a pressing issue, so don’t bank your livelihood on hyperinflation.

Instead, take baby steps and do what’s right for you today, with the available information at your disposal, not with some theory that 51 years after we’ve gone on the fiat currency system, suddenly everyone will treat it like a house of cards.

It might not happen…

The post POWELL IS EITHER DEAD WRONG OR A GENIUS! first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Stimulus Addiction Disorder: The Debt-Disposable Earnings Pyramid

This article was originally published by Charles Hugh Smith at Of Two Minds Blog. 

One glance at this chart explains why the status quo is locked on “run to fail” and will implode in a spectacular collapse of the unsustainable debt super-nova.

For those who suspect the status quo is unsustainable but aren’t quite sure why I’ve prepared a simple chart that explains the financial precariousness many sense. The chart depicts the two core elements of a debt-based, consumerist economy: disposable earnings, defined as the earnings left after paying for essentials which can then be used to service debt and debt.

In other words, if all the household earnings are spent on non-discretionary expenses (rent or mortgage, taxes, food, utilities, healthcare, etc.) then there is no money left to pay the interest and principal on a loan. Lenders consider this household uncreditworthy for the simple reason that their earnings cannot support the monthly nut of debt service (interest and principal).

Note the word earnings as opposed to income. Social entitlements such as Social Security are income but they are funded by taxes paid by those with earnings. (All of America’s social entitlements are pay as you go–the trust funds are PR fiction.) The investment income (interest) paid to owners of Treasury bonds is also paid by taxes on earnings.

All the interest and principal of the debt is ultimately paid out of earnings, either private-sector debt paid directly out of wages or public-sector debt paid out of taxes which are paid out of earnings.

The problem with servicing debt out of income is two-fold: one, earnings of the bottom 95% have been stagnant for decades, which means earnings aren’t actually rising in terms of the goods and services they can buy, and two, the cost of non-discretionary expenses (essentials) has been rising, especially the big-ticket costs such as housing, healthcare and higher education.

You see the problem: since earnings are flat and the cost of essentials is steadily rising, there are fewer disposable earnings left every month to service debt. This is a problem in an economy like America’s that depends on debt-funded consumption to fuel “growth.” No increase in debt means no increase in consumption which means no “growth.”

In response, the status quo–the Federal Reserve and the federal government–have played two financial tricks to maintain the illusion that earnings can support more debt: one, the Fed has lowered interest rates to near-zero, reducing the costs of mortgages (but not the sky-high interest rates charged on student loans or credit cards, of course) so the same stagnant earnings can support a much larger mortgage, and two, the federal government has increased its own borrowing to fund various stimulus programs, most of which are corporate welfare to monopolies and cartels in the form of subsidies, tax breaks, government contracts, etc. But as the consumerist economy weakens, the government is increasing its stimulus to households as well–all with borrowed money that is theoretically serviced by taxes on earnings.

Alas, these tricks are not sustainable. Interest rates can’t go lower than zero without bankrupting the banking sector, and federal spending is completely untethered from tax revenues.

The “solution” is obvious: borrow the money needed to service new and existing debt. This is the definition of a zombie economy comprised of zombie companies and zombie consumers that need to borrow more to sustain the illusion of solvency, i.e. that their disposable earnings are sufficient to service all their debts.

Notice that the debt-disposable pyramid is inverted: an ever-larger amount of debt is being piled on an ever-shrinking amount of disposable earnings. The trick of borrowing more to make the payments on the existing debt and fund new consumption results in a compounding of debt, not an arithmetic (linear) increase in debt: debt grows geometrically while the disposable earnings needed to service the debt remain stagnant.

The only “solution” left is Stimulus Addiction Disorder (SAD): the Fed must create trillions of dollars out of thin air to buy the Treasury bonds that are sold to fund trillions of dollars in stimulus–not once or twice, but from now on until the entire travesty of a mockery of a sham collapses under its own weight of flimflammery and fraud.

Artifice, illusion and simulacra are not real, and what’s not real vanishes back into the air whence it came. One glance at this chart explains why the status quo is locked on run to fail and will implode in a spectacular collapse of the unsustainable debt super-nova. SAD, to be sure.

The post Stimulus Addiction Disorder: The Debt-Disposable Earnings Pyramid first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Experts Are Warning That A U.S. Stock Market Crash Is Very Likely In The Months Ahead

This article was originally published by Michael Snyder at The Economic Collapse Blog.

Stock prices are not going to stay this high.  Everyone can see that we are in a stock market bubble that does not have any parallel in all of U.S. history, and everyone can see that the end of that bubble is approaching.

The only debate is about how fast and how far the eventual fall will be.  For the first time ever, the ratio of U.S. stock prices to U.S. GDP has reached 200 percent.  In other words, the total value of U.S. stocks is now twice as high as the value of all U.S. economic output for an entire year.  To get an idea of how crazy this is, just check out this chart.  Historically, the ratio of U.S. stock prices to U.S. GDP is normally under 100 percent, and so if all stock prices were cut in half U.S. stocks would still be overvalued.  That is how extreme this bubble has become.

Other key valuation measures also indicate that stock prices have gotten wildly out of balance.  The following example comes from a Motley Fool article entitled “Here’s Why You Should Expect a 20% Stock Market Crash in 2021”

Looking back 150 years, the S&P 500 has averaged a Shiller P/E of 16.78. Admittedly, the Shiller P/E ratio has been a lot higher over the past 25 years. The advent of the internet has broken down information barriers for retail investors, and historically low lending rates for more than a decade have fueled borrowing and lit a fire under growth stocks.

But as of Feb. 3, the Shiller P/E for the S&P 500 was knocking on the door of 35 — more than double the long-term average. To put this figure into some context, there have only been five periods in history where the Shiller P/E ratio topped 30 and stayed there during a bull market run. Two of these events — the Great Depression and dot-com bubble — led to some of the biggest pullbacks ever witnessed in equities. Two other events (not counting the current move) occurred within the past three years, delivering declines of 20% and 34%, respectively, in the S&P 500.

Basically what this is saying is that if stock prices fell by half, the Shiller P/E for the S&P 500 would still be above the long-term average.

So if the market only falls by 20 percent this year as that Motley Fool article is suggesting, we should consider ourselves to be extremely fortunate.

We have never seen anything like this before.  The bubble that we are in now absolutely dwarfs the epic stock market bubbles of 1929 and 2000.  Stock market mania has gripped the entire nation, and all sorts of people have been getting rich, at least on paper.

But many Wall Street veterans that have been watching all of this transpire have become extremely concerned.  The following comes from a Forbes article entitled “Is The Stock Market About To Crash?”

‘Very, very concerning’ echoes of the 90s dot-com bubble are being heard loud and clear by nervous market experts. A 12-year-old bull market; SPAC mania; IPOs that more than double on the first trading day; an army of amateur traders and GameStop mania. It certainly feels like irrational exuberance–and it triggers alarms for those who remember the dot-com bubble of the late 1990s. “The parallels we have today are historically very, very concerning,” notes Jim Stack, president of Whitefish, Montana’s InvesTech Research and Stack Financial Management. “The current froth is the icing on the cake, and when you look through it, you see a lot of other underlying issues.”

In this sort of environment, videos by kids on YouTube showing people how to make a million dollars by day trading stocks get hundreds of thousands of views.

If you have been able to make a lot of money by playing the stock market, good for you.

Just make sure that you get out in time.

Every other stock market bubble in U.S. history has ended badly, and as John Hussman recently noted, this is our generation’s moment of peak financial insanity…

Nothing so animates a speculative herd as a parabolic price advance in an asset detached from any standard of value. I am convinced that future generations will use the present moment to define the concept of a reckless speculative extreme, in the same way our generation uses “1929” and “2000.”

So just how far does Hussman think the market could ultimately fall?

Well, he believes that stock prices would have to drop 65 to 70 percent just to get back to historical norms…

Understand how extreme current valuations have become. In order to simply touch run-of-the-mill historical valuation norms, the S&P 500 would have to lose somewhere in the range of 65-70% over the completion of this cycle.

Stock prices always, always, always get back to their historical averages eventually.

It is just a matter of time.

However, we should hope that a stock market crash can be put off for as long as possible because a truly catastrophic stock market crash would cause far more economic pain than we have experienced so far.

Our system simply would not be able to handle a decline of 50 percent or more in stock prices.  It would essentially mean the end of our financial system as we know it today, and that is something that nobody should want.

The good news is that I do not expect a stock market crash within the next 30 days unless some sort of major “trigger event” comes along.

Stocks may go down, but for the moment I expect at least a short-term period of relative stability.

But that short-term period of relative stability will not last very long at all, and I fully expect 2021 as a whole to be a very, very painful year.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

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What Collapsed the Middle Class?

This article was originally published by Charles Hugh Smith at Of Two Minds Blog. 

The middle class has already collapsed, but thanks to debt and bubbles, this reality has been temporarily cloaked.

What collapsed the middle class? In many ways the answer echoes an Agatha Christie mystery: rather than there being one guilty party, a number of suspects participated in the collapse of the middle class.

Can we consolidate these dynamics into a few core causal factors? I’ve made the case in the past few posts that yes, we can: many of these causes are part of a single dynamic, the decapitalization of the middle class and the decay of the ladder of social mobility which enabled tens of millions of workers to transform their wages into productive capital via saving and investment in their own human capital, their own enterprises, and assets that earn income.

The Top 10% Is Doing Just Fine, The Middle Class Is Dying on the Vine (2/4/21)

The second primary dynamic is the substitution of debt and speculation for earned income and productive capital. As the purchasing power of the bottom 90%’s wages declines, the status quo has substituted debt for income and speculation for investing in productive capital.

Debt and the Demise of the Middle Class (2/9/21)

This dynamic incentivizes debt, speculation, and consumption rather than producing, savings and investments in human and productive capital. The source of this incentive structure is the maximization of corporate profits earned by banks loaning money to the middle class and by selling the middle class on superfluous consumption being the signifier of “success” rather than production being the signifier of “success”.

In reality, what counts is agency (control of one’s life, having a voice in governance) and ownership of productive capital. Becoming a debt-serf to buy more stuff and grab a few chips in the speculative casino sacrifices both agency and the acquisition of productive capital. But this sacrifice is oh-so profitable to the financier purveyors of debt and speculative gambles in the casino.

The third dynamic is globalization, and specifically the tyranny of global markets. Global banks and corporations are ideally placed to profit from the arbitrage of labor, environmental regulations, currencies, corruption (dear in some places, cheap in others), and the price of debt and risk.

Wage-earners have no such leverage. In effect, all the risks of competition are eliminated for corporate monopolies and cartels while the risks are transferred to workers who face a global race to the bottom in wages, opportunity and income security.

The fourth dynamic is speculative bubbles put many assets out of reach of the bottom 90% who have only their wages and savings. The winners in speculative bubbles are those fortunate enough to have bought homes, bonds, rental properties, land, etc. decades ago when a house could be had for three times median income and bonds paid solid, above-inflation returns.

The bottom 90% attempting to find productive assets at affordable prices now are out of luck. Consider a 900 square foot home built in 1916 in the desirable San Francisco Bay Area community of Albany, CA. The house sold for $135,000 in 1996, 3.8 times the national median household income.

Then Housing Bubble #1 boosted the value to $542,000 in 2004, 12.2 times the national median household income. Housing Bubble #2 has pushed the value to slightly over $1 million, 14.5 times the national median household income. Only those inheriting wealth (or who chose wealthy parents), those earning over $250,000 annually or speculators who just scored big gains in bitcoin or GameStop could afford this very small, modest house.

That’s what speculative bubbles do to the middle class: they leave them behind forever. Those who bought 25 years ago entered the top 10% in wealth due to the bubblicious increase in the value of their home. A few winners in the casino who sold at the top might have edged into the top 10%, but the vast majority of gamblers in the casino cannot compete with the insiders, manipulators, and pros, so they lose ground. This is why the bottom 90% collect an insignificant 3% of all income from capital.

Jay Taylor and I discuss The Upcoming Revolt of the Middle Class (22 min)

These four primary dynamics manifest in the following ways. Each one helps generate a two-tier Neofeudal Economy of a Financial Aristocracy and its top 9.9% technocrat class who own virtually all the productive capital and the bottom 90%, a disenfranchised ALICE (assets limited, income constrained, employed) workforce.

1. The shifting of pension and healthcare costs and risks from the state and employers to employees. (see chart below)

2. The decline of safe, secure high-yielding investments as central banks have driven savers into risky, crash-prone speculative assets such as stocks and junk bonds.

3. The decline of scarcity value in college diplomas that were once the ticket to middle-class security. How Many Slots Are Open in the Upper Middle Class? Not As Many As You Might Think (March 30, 2015).

4. The inexorable rise in big-ticket costs: higher education, healthcare, and housing. Even as wages stagnate, these costs continue rising, claiming an ever-larger share of household incomes, leaving less to save/invest.

5. The transition from a stable economy with predictable returns to a financialized boom-and-bust economy that wipes out middle-class wealth in the inevitable busts but does not rebuild it in the booms.

6. The regulatory and administrative barriers to self-employment, forcing most of the workforce into wage-slavery and/or dependence on the state. Endangered Species: The Self-Employed Middle Class (May 2015).

7. The rising exposure of the U.S. workforce to highly educated, lower-cost competing workforces in a globalized economy.

8. The decline of labor’s share of the U.S. economy: the slice of the pie distributed to earned income has been declining for decades.

9. The share of the earned-income slice going to the top 5% is rising.

10. The wealth of the middle class is tied up in the family home, a non-income producing asset prone to the wild swings of housing bubbles and busts. Stagnation Nation: Middle-Class Wealth Is Locked Up in Housing and Retirement Funds (October 25, 2017).

The middle class has already collapsed, but thanks to debt and bubbles, this reality has been temporarily cloaked. All bubbles pop and all excessive debt ends in default. When these inevitably occur, the reality can no longer be hidden.

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CAN SILVER HIT $50/Ounce, SHOCKING EVERYONE?

This article was contributed by Future Money Trends. 

Silver’s price is tied with inflation much more than gold’s is. In the 1970s, as inflation raged in the United States, silver rose to $50/ounce, having started the decade at under $2. It was a sensational decade for the white metal.

However, in the 1980s and 1990s, as deflationary forces brought interest rates down rapidly, the metal’s price languished. Today, its price is HALF of what it was in 1980!

Obviously, investing in silver is NOT similar to investing in gold, which does enjoy a long-term appreciation under both deflationary and inflationary environments.

The question, then, is whether or not there’s a potentially interesting trade setting up in silver now that it has doubled from its March lows.

The answer depends on inflationary pressures and inflationary expectations.

  1. We are seeing that the dollar is dramatically weakening, which is the first sign that silver is likely to enjoy the momentum.

Here’s the dollar chart as it stands today:

Courtesy: Zerohedge.com

It doesn’t feel like the trend is swinging, either. This seems to be a long-term structural decline. Even the price of oil is back over $50/barrel.

  1. Silver’s price has already tested $30 this year and has shown that in the first stages of a recovery, however weak it may be, it can surge by triple-digits.

In 2009, for instance, it appreciated from $9 to $49 in two short years.

Again, this is a trade that could be capitalized upon, not a buy-and-hold idea.

  1. The price of silver has directly correlated with the price of oil over the years. With oil surging, this could be a critical bullish catalyst for silver.

In the end, silver is an ideal way of betting on inflation.

The Federal Reserve has done the heavy lifting for us. It arbitrarily mandated 2% inflation as some magical number. This means that the street will be bracing for inflation if the FED measures it as such.

Therefore, the smartest move is to watch that 2% gauge from Powell and his buddies.

Courtesy: Zerohedge.com

In our world, we’re reaching a point that we call the DEBT LIMIT, which is the moment when deflating the currency supply by simply adding more debt is not productive.

This moment will change how investors view inflation.

Be prepared for it and study the topic thoroughly in the meantime.

The post CAN SILVER HIT /Ounce, SHOCKING EVERYONE? first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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CAN SILVER HIT $50/Ounce, SHOCKING EVERYONE?

This article was contributed by Future Money Trends. 

Silver’s price is tied with inflation much more than gold’s is. In the 1970s, as inflation raged in the United States, silver rose to $50/ounce, having started the decade at under $2. It was a sensational decade for the white metal.

However, in the 1980s and 1990s, as deflationary forces brought interest rates down rapidly, the metal’s price languished. Today, its price is HALF of what it was in 1980!

Obviously, investing in silver is NOT similar to investing in gold, which does enjoy a long-term appreciation under both deflationary and inflationary environments.

The question, then, is whether or not there’s a potentially interesting trade setting up in silver now that it has doubled from its March lows.

The answer depends on inflationary pressures and inflationary expectations.

  1. We are seeing that the dollar is dramatically weakening, which is the first sign that silver is likely to enjoy momentum.

Here’s the dollar chart as it stands today:

Courtesy: Zerohedge.com

It doesn’t feel like the trend is swinging, either. This seems to be a long-term structural decline. Even the price of oil is back over $50/barrel.

  1. Silver’s price has already tested $30 this year and has shown that in the first stages of a recovery, however weak it may be, it can surge by triple-digits.

In 2009, for instance, it appreciated from $9 to $49 in two short years.

Again, this is a trade that could be capitalized upon, not a buy-and-hold idea.

  1. The price of silver has directly correlated with the price of oil over the years. With oil surging, this could be a critical bullish catalyst for silver.

In the end, silver is an ideal way of betting on inflation.

The Federal Reserve has done the heavy lifting for us. It arbitrarily mandated 2% inflation as some magical number. This means that the street will be bracing for inflation if the FED measures it as such.

Therefore, the smartest move is to watch that 2% gauge from Powell and his buddies.

Courtesy: Zerohedge.com

In our world, we’re reaching a point that we call the DEBT LIMIT, which is the moment when deflating the currency supply by simply adding more debt is not productive.

This moment will change how investors view inflation.

Be prepared for it and study the topic thoroughly in the meantime.

The post CAN SILVER HIT /Ounce, SHOCKING EVERYONE? first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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No Wonder the Super-Rich Love Inflation

This article was originally published by Charles Hugh Smith at Of Two Minds Blog.

Asset inflation benefits the super-rich more than anyone else because they own the vast majority of these assets.

With the reflation euphoria running full blast, maybe central banks will finally get all that inflation they’ve been pining for. So let’s ask cui bono–who will benefit from inflation?

The Super-Rich love inflation and the money-printing that generates it. Longtime correspondent Michael M. explains the dynamic behind billionaires’ adoration of inflation:

“Why does a game of Monopoly work? Because there is a zero-boundary for every player’s net worth.

If you were given endless credit (so negative net worth is allowed without limit), the game becomes pointless.

Is there also an upper bound at Monopoly?

Well, the bank at Monopoly can run out of money, I had that happen a few times while playing. But we didn’t treat it as an upper boundary, but wrote the richest player an IOU and took that amount of cash bills from him and put them back in the bank to continue.

Rolling it around in my head, how else could you solve that problem? Confiscate the same amount from every (remaining) player and put it back in the bank instead? That would be pointless if most wealth is with one player and you want the game to continue.

Another option is to go Keynesian [in its true practical implementation] and confiscate 10% of each player’s net worth to “re-liquidate” the bank. This is very similar to “printing money,” just more explicit. Now we’re getting somewhere.

But that’s linear (a fixed percentage), so why not go with progressive confiscation rates, and take a higher percentage of the wealthier players’ net worth?

Wait a second, did I just stumble over the reason why the filthy rich love Keynesian economics? Because printing money only “taxes” everybody linearly, which is much better for the rich than progressive taxation, which is the global standard in income tax policies.”

Let’s explore this profound insight a bit more. Modern Monetary Theory (MMT) holds that central banks/states can print as much money as they want without any adverse effects. From this, it’s a small step to sending every household a monthly stipend (Universal Basic Income–UBI) paid by freshly issued currency.

Given the unfairness of the income tax system, as the super-rich buy tax breaks, tax shelters, and subsidies via lobbying and political contributions, it’s just one more tiny step to eliminating income taxes entirely and printing all the money the state needs.

Why would this enrich the super-rich and impoverish the rest of us? Printing money in excess of the goods and services being generated creates inflation, which is a “tax” on all cash and wages, both of which have been losing ground for decades.

Inflation is best defined as a loss of purchasing power. With 10% inflation, $1 only buys 90 cents of real-world goods and services. Thus it’s the exact equivalent of a 10% tax not just on wages but on all cash.

The super-rich don’t rely on wages or cash savings; they own productive assets whose yields rise with inflation. The super-rich own apartments, so they can jack rents up 10%, matching inflation. They own assets which tend to retain their purchasing power even as inflation reduces the purchasing power of cash and wages.

Markets place a premium on any assets that keep pace or outpace inflation, so the value of the assets owned by the super-rich soar, further enriching the few who own these assets.

Asset inflation benefits the super-rich more than anyone else because they own the vast majority of these assets. So money-printing and the inflation it generates is a win-win for the rich. The “tax” rate of inflation / money-printing barely touches their incomes or wealth, both of which are tied to assets that rise along with inflation. All that money-printing pushes the value of their assets higher, making them even richer, which the inflation “tax” impoverishes everyone who depends on wages and cash.

No wonder the super-rich love MMT, money-printing and Keynesian giveaways of freshly printed currency–inflation makes them richer while it makes everyone else poorer. Going back to Michael’s analogy of a Monopoly game: inflation takes 10% of every player’s cash, but doesn’t touch their property holdings. So the wealthiest players’ net worth is barely dinted while players with fewer assets will find it difficult to survive as their cash is “taxed” away by inflation.

 

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STOCKS DEMOLISHED: WHAT DID YOU EXPECT?

This article was contributed by Portfolio Wealth Global. 

Oh man, yesterday proved what happens when there’s uncertainty about a major event, coupled with the CERTAINTY that no Federal Reserve is coming to your aid in the days ahead. This is education for the millennials, who have been trained to expect Daddy Jerome Powell to show up every time they load-up.

There is no BACKUP COMING, no Navy Seals coming to the rescue.

This is it; between now and perhaps the end of the year, price discovery is going to be real. We’re going to see exactly what big money and algorithms think about valuations with nothing to prop up markets.

Panic? YES. Volatility? SURE. Buying opportunities? 100%. Craziness and illogical behavior? EVERYWHERE you look.

This will be one of the most important investment months of your career. By acting responsibly, professionally, and with poise and composure, not with an inability to see positions going up and down like yoyos, one will be able to exploit others’ mental incapability to handle bullets firing above their heads.

For the next few days, the FED is out of the business of putting a floor on stocks; perhaps even more than just a few days…

The major indices are now RED for the month of October.

Famed hedge fund manager David Einhorn, who got his ba**s handed to him for shorting TSLA, is convinced the markets peaked on September 2nd. He believes the bubble is over and cites IPO mania, elevated valuations for the Robinhood app darlings, market concentration (FAANG), options trading volumes being off the charts, and the parabolic charts of some stocks.

On top of that, Rasmussen polled Americans and has issued a VICTORY ALERT for President Trump – what a turnaround.

The same polling company actually found that tens of millions of Americans likely believe that a REAL McCoy Civil War is a possibility.

Courtesy: visualcapitalist.com

This chart has a lot to do with how America got here!

The ability to create currency and segregate it so it ends up in the hands of the rich and powerful to decide what to do with it has led to expensive asset prices, record buyback programs, no wage growth, and the worst income gap in history.

Think about the process of currency creation: how dollars are born and get pushed into the banking system where the institution cherishes safety and lends to the big and the wealthy, STARVING the real economy.

I personally bought shares yesterday, according to the watch lists we have previously published, taking nibbles at companies, not whole chunks.

NEVER buy a full allocation right off the bat; one can be fully correct on the potential of the company and COMPLETELY WRONG on the timing. Being flexible with your purchases (being patient about the process) is the tactic of successful investors.

Nothing is “now or never” – NOTHING. There’s always time to think things through.

The odds are fully in your favor; let the game come to you.

As I see it, if Joe Biden wins (despite this huge controversy with Hunter’s compromised dealings with China), between now and January 2021, it’s going to get sickening at times since the world will be paralyzed until Inauguration Day. If Trump wins, I still don’t expect SMOOTH SAILING because I think a contested result is coming either way, but Trump won’t lose a recount if he wins the initial vote.

THIS IS EXCITING.

 

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Alert: The New World Order Is Coming

A New World Order is being pushed through right now. It’ll all start with the monetary system. Make no mistake, they are going to do this, it’s up to us to stop it.

Central bankers are now poised to embark on their biggest power play ever. For years they have lied in wait for the opportunity to make people so desperate that they would willingly accept the chains of their own enslavement in exchange for fiat currency. Sadly, we are now on the cusp of this system rolling out.

Federal Reserve Chairman Jerome Powell, in coordination with the European Central Bank and International Monetary Fund (IMF), is preparing to roll out central bank digital currencies. There will be a universal basic income tied directly to your ability to obey and submit to the bankers’ will. Basically, if you accept this, you will be their slave. They will remove your ability to pay for or do anything if so much as say the word “freedom.”

The globalist IMF recently called for a new “Bretton Woods Moment” to address the loss of trillions of dollars in global economic output due to the world governments’ coronavirus response.

The next frontier of the Fed’s unlimited mandate could be “FedCoin” – a central bank digital currency.

Earlier this month Chairman Powell participated in an IMF panel on international payments and digital currencies. He touted electronic payments systems and raised the possibility of integrating them into a central bank digital currency regime.

Powell has so far declined to outright endorse a move toward a fully cashless system in which countries including China and Sweden are spearheading. But he is on board with the larger globalist agenda of expanding the role of monetary policy in shaping economic and social outcomes. –Activist Post

If we, as human beings, accept this new cashless digital dollar and the universal basic income designed to lure us to it, we will become slaves. This is the end game and the goal – totalitarian control over literally everything includingg people.  And you and I are not going to be the ones holding the chains of humanity’s oppression. We’ll be wearing them.

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GUT-CHECK: Elephant Skin Needed – SILVER OUT OF AIR!

This article was contributed by Portfolio Wealth Global.

In WW2, in order to defeat the German army and save Europe from total annihilation, both the Russians and Americans fought a common enemy, which was Hitler’s nightmarish vision for Europe and, indeed, the world. It wasn’t a real alliance, though. The two countries had vastly different approaches to life on planet Earth and as soon as this mission was completed, each of them went on their own separate ways.

The Democrats and Republicans saw a common enemy in the past few months. It isn’t the virus; it is the disappearance of the American consumer.

Here’s a question that every politician, on both sides of the aisle, has asked himself in the past few months: Just how important is spending to the GDP of the country? It’s estimated to be around 70% of it!

Now you see why, despite having no confidence in each other’s policies and truly remarkable levels of personal disgust and animosity towards certain players in the equation, they were able to rush stimulus bills through. The enemy was too great to fight over the usual stuff, so they put it aside for the greater good.

It doesn’t seem likely that will continue after the elections are concluded.

Courtesy: Seeking Alpha (ESI Analytics Limited)

What is America about? You got your answer in the past few months; the United States of America is a business enterprise, masquerading as a country.

The glue that binds all Americans together doesn’t exist anymore. If one does a road trip, passing through the various states that comprise the union and asks the following question: Has President Trump handled the crisis successfully or not? I guarantee that he’ll receive such a buffet of opposing answers that the only conclusion he would be able to make is that people are emotional right now, not logical.

What I want to do is re-introduce reason and common sense to the equation and to show you the potential realities ahead of us:

  1. Biden wins and Democrats sweep the House and Senate.
  2. Biden wins, but Republicans hold the Senate.
  3. Trump wins, but Democrats sweep the House and Senate.
  4. Trump wins and Republicans hold the Senate.

If possibility (A) occurs, this is the trajectory American enterprises will take: Green initiatives, solar energy, cannabis legalization, plenty of infrastructure programs, and continued reliance on outsourcing.

If possibility (D) happens, we’re looking at bigger defense budgets, better conditions for the banks, and massive upside for tech. The energy industry might get help as well.

In both cases, we believe infrastructure is important to both parties.

Courtesy: Zerohedge.com

Lastly, what we’re seeing with the dollar looks to be over-stretched. We believe it has bottomed in the near-term, so a HANDS-OFF approach seems to be ideal with precious metals until the storm passes.

The dollar has been extremely weak since the FED had made their presence felt in March and April.

In the last two months, though, the FED has largely exited its aggressive asset purchases.

Clearly, markets are taking this as a sign that the recovery is strong and that there’s no rush for more injections, but that’s all wrong.

Most small businesses are toying with bankruptcy; seriously, it’s bad out there!

The stock market isn’t the gauge of the Main Street environment at all.

We are 100% confident that more aid is on the way.

The post GUT-CHECK: Elephant Skin Needed – SILVER OUT OF AIR! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Greg Mannarino: The Economic Collapse Is Here

Greg Mannarino says the economic collapse has arrived. “Sit down. Buckle up because this is going to be a wild ride,” says Mannarino.

Mannarino starts by showing the jobless claims have once again almost reached the 1 million mark. People are rarely unemployed and there is no recovery happening unless you are a corporation. “Look, I don’t know another way to say it. We are in an economic collapse here in the United States!”

Even though the entire system is collapsing around us all, the stock market will go higher. It all debt and we have a debt-based system that will eventually self-destruct.  This will have lasting effects on a global scale. The last two presidents have made certain that the debt issued is in record amounts as the middle-class is destroyed by design. “They sold the United States, or whatever is left of it, to the Federal Reserve, and right now, we’re watching a merger in front of our face. Corporations and the new American government, New World Order. Welcome to it!”

Greg Mannarino: It’s Critical To Understand That The Goal Is “Full Control By The Federal Reserve”

America is in free fall. Things will not improve even if another stimulus package is passed, in fact, that will hasten the collapse. If you are not prepared for an economic crash the likes of which we have never seen in human history, now is a great time to get things in order.

We are also seeing countries locking down for a second time doing more untold damage to already fatally wounded economies.  Brace yourself. It has only just begun. “You have no idea what’s coming. This is all by design,” Mannarino makes clear. “Realize how this is set up from the getgo…understand that a new set of rules are coming down the pike as America is in collapse.”

Prepare For An Economic Emergency Or Recession

PREPPING FOR THE UPCOMING GOVERNMENT-INDUCED FOOD SHORTAGES

“With regard to the economic collapse we are in, believe me when I say this: you haven’t seen anything yet,” Mannarino says. “This is the opening act. It’s gonna get much much worse.”

 

The post Greg Mannarino: The Economic Collapse Is Here first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Are Americans FINALLY Getting Off Their Knees? “Our Families Are Starving!”

Are Americans finally figuring out the massive hoax pulled off by government and mainstream media? At least one person in California has warned the politicians: “Our families are starving. We’ll become revolutionary citizens soon.”

Coronavirus Panic & Fear: The Greatest Mainstream Media Hoax In History

Have people been backed far enough into a corner that they can finally see their enslavement at the hands of the ruling class? It appears that at least a few have figured it out. Of course, not without appealing to the left vs. right paradigm, which plays directly into their divide and conquer scheme. But, nonetheless, people are starving and losing their homes because they refused to obey the commands of tyrants.

The Truth: “Governments Are The Biggest Criminals In The World, And They Don’t Want Competition”

According to Press California, Carlos Zapata, who owns a martial arts studio in Redding, took the Shasta County Board of Supervisors to task at a public forum this month.

Could it be possible that Americans are slowly waking up? Let’s hope so because what’s been planned for us will pale in comparison to the COVID-19 hoax if more do not.

Those Who Planned The Enslavement of Mankind Warn Of “A Dark Winter” For Us

Stay alert, and remain fearless. Make any last-minute preparations now, if you can. Remember, the most valuable commodity on Earth is the narrative. That’s why the government and mainstream media, and those who own the Federal Reserve and are striving for a world totalitarian takeover need your compliance in their system, with the narrative they feed you.

They are losing control, and this can be looked at as their last chance for total enslavement.  But it’s our chance for total freedom as well. The time is coming when a choice will have to be made: freedom or slavery. There will be no gray areas, it’s too far gone for that.

After Brainwashing People For Decades, MSM and Governments Are Losing Control of People

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Brace For The Worst Election In U.S. History

This time, it literally won’t matter who wins, loses, is selected, or elected. The elitists have already made it clear this election will be a contested one that will seal the division they seek in order to conquer us all.  Now they are mixing in a potential world war narrative that should alert everyone that it’s all set up.

Back in April, journalist Caitlin Johnstone began alerting the public to the plans for this “election.” She said, “China’s gonna be so surprised when it finds out it interfered in the November election.” Now, three months ahead of schedule China is already getting its surprise, alongside Iran and Russia.

Mass media throughout the western world are uncritically passing along a press release from the US intelligence community because that’s what passes for journalism in a world where God is dead and everything is stupid. Caitlin Johnstone

 

We have also been attempting to warn the public that this election is going to be one that will play us like fiddles. And yet, Americans, rather than stand up for real rights, liberty, and justice, will go vote in November, in an election that’s already been decided to they feel like they did their duty the ruling class told them they had to fulfill.  They have already modeled this election, months before it will happen, just like they did with Event 201 for the coronavirus scamdemic.

Another Secret Model: A Contested 2020 Election

What this completely unsubstantiated narrative means, of course, is that no matter who wins in November America’s opaque government agencies will have already primed the nation for more dangerous escalations against countries which have resisted being absorbed into the blob of the US-centralized empire. If Trump wins we can expect his administration to continue its escalations against Russia in retaliation for its 2020 “election interference,” and if Biden wins we can expect his cabinet of Obama administration holdovers to ramp up escalations against China in the same way while Joe mumbles to himself off to the side as his brain turns to chowder. Caitlin Johnstone

Can you really not see what’s happening? They are setting up the voting pawns to react regardless of the outcome, with potential violence that could lead to civil war, or even worse, another world war by blaming other countries for the election results. If you are easily triggered by political truths, stop reading here.

The dumbest thing about believing foreign nations are interfering in American democracy is believing America has any democracy to interfere with. The integrity of US elections ranks dead last among all western democracies, public opinion is constantly manipulated by the media-owning plutocratic class which has a vested interest in maintaining the status quo which keeps them rich and powerful, and it’s a two-headed one-party system where both corporate-owned parties advance the same establishment agendas. Caitlin Johnstone

To actually believe your vote matters is the height of delusion. We don’t choose the president or any of the other political puppets. The Federal Reserve does, and they are trying to take over the world right now. To assume they will allow you a say in the matter when they know all they have to do is tell you to vote, is naive. They have already decided which puppet will win the selection.

We are being played like a grand piano and most have no idea.

The mainstream media uses this type of propaganda to control the narrative. They do this for the central banks and political puppets because all of those entities understand that whoever controls the narrative controls the world, and there is no amount of evil they won’t do to ensure that they continue to control the world.

The reason sociopaths are able to insert themselves so easily into positions of power and influence in human civilization is that highly manipulative people with no empathy quickly learn that society is dominated by narrative, while the rest of us do not understand this. This must change before we will be able to create a healthy world. We all have to wake up to what has been done to us. There’s no other option unless you want to be a slave for the foreseeable future.

The best way to prepare at this point in human history is to be aware that this is a war for your mind. There are no amount of preps I could suggest if you choose to remain blind to the reality that your perception is being altered. This is a spiritual and mental battle. Prepare by exercising critical thinking, and you’ll soon be able to see through the facade.

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GOLD $2,057, SILVER $28.05: PRINTING RAGES ON!

This article was contributed by Lior Gantz with The Wealth Research Group.

One summer ago, exactly on this date, my wife and I visited the picturesque port town of Portofino, near Genoa on the Ligurian Sea of Italy. It is considered one of the most beautiful destinations in the Mediterranean; mega-yachts park right next to the restaurants and pedestrians come up close to check them out.

We arrived around lunch and walked up to the lighthouse, outside the town, where the most romantic little bar was set up, with its own touch of wizardry and charm. We sipped on champagne (my wife) and white Belgian beer (myself), as we gazed towards the villages of Cinque Terre and the coastline and crystal clear waters.

At evening time, the place becomes so romantic, as tourists watch the gorgeous sunset.

I fell in love with Portofino that day, just as blind opera singer, Andrea Bocelli sang in his beautiful voice, when he performed in town a few years before.

I thought I’d never see anything more beautiful, but I’ve put ALL THAT ASIDE because seeing GOLD $2,057 and SILVER $27.86 is much more EXQUISITE!

Courtesy: Zerohedge.com

I haven’t been THIS GLUED to the trading screens since I issued the MARCH 2017 alert on Ethereum at $12/coin – just SIX MONTHS later, it was selling for over $1000/coin, a 8,000% return.

It looks as if markets have realized that the RULES OF ENGAGEMENT have changed in the financial system; everyone has BECOME ENLIGHTENED on the notion that central banks are done with ever RAISING RATES.

The nature of the retail investor has COMPLETELY CHANGED. Investors are holding onto stocks for a few weeks, before selling them. People are gambling that someone else will buy their ALREADY-EXPENSIVE position for more.

The only REAL INDUSTRIES that are available at sensible prices are mining and energy.

Companies can’t have annual meetings anymore, since the people who own the businesses today are already out a month later; IT’S INSANE.

The retail investor’s strategy is built solely on higher prices and that’s BEYOND UNSUSTAINABLE.

Bonds are irrelevant, stocks are in a bubble and real estate is going through RENTER STRIKES.

It’s the PERFECT TIME for gold, silver, and mining shares.

Courtesy: Zerohedge.com

The sooner it DAWNS ON YOU that interest rates are basically PEGGED TO ZERO, the more money you’ll make.

This is already our BEST YEAR ON RECORD, yet the 1,000% gains are ahead of us.

We will reach outer space sooner than Elon Musk – the mining sector is MOON-BOUND!

 

 

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GOLD $2,057, SILVER $28.05: PRINTING RAGES ON!

This article was contributed by Lior Gantz with The Wealth Research Group.

One summer ago, exactly on this date, my wife and I visited the picturesque port town of Portofino, near Genoa on the Ligurian Sea of Italy. It is considered one of the most beautiful destinations in the Mediterranean; mega-yachts park right next to the restaurants and pedestrians come up close to check them out.

We arrived around lunch and walked up to the lighthouse, outside the town, where the most romantic little bar was set up, with its own touch of wizardry and charm. We sipped on champagne (my wife) and white Belgian beer (myself), as we gazed towards the villages of Cinque Terre and the coastline and crystal clear waters.

At evening time, the place becomes so romantic, as tourists watch the gorgeous sunset.

I fell in love with Portofino that day, just as blind opera singer, Andrea Bocelli sang in his beautiful voice, when he performed in town a few years before.

I thought I’d never see anything more beautiful, but I’ve put ALL THAT ASIDE because seeing GOLD $2,057 and SILVER $27.86 is much more EXQUISITE!

Courtesy: Zerohedge.com

I haven’t been THIS GLUED to the trading screens since I issued the MARCH 2017 alert on Ethereum at $12/coin – just SIX MONTHS later, it was selling for over $1000/coin, a 8,000% return.

It looks as if markets have realized that the RULES OF ENGAGEMENT have changed in the financial system; everyone has BECOME ENLIGHTENED on the notion that central banks are done with ever RAISING RATES.

The nature of the retail investor has COMPLETELY CHANGED. Investors are holding onto stocks for a few weeks, before selling them. People are gambling that someone else will buy their ALREADY-EXPENSIVE position for more.

The only REAL INDUSTRIES that are available at sensible prices are mining and energy.

Companies can’t have annual meetings anymore, since the people who own the businesses today are already out a month later; IT’S INSANE.

The retail investor’s strategy is built solely on higher prices and that’s BEYOND UNSUSTAINABLE.

Bonds are irrelevant, stocks are in a bubble and real estate is going through RENTER STRIKES.

It’s the PERFECT TIME for gold, silver, and mining shares.

Courtesy: Zerohedge.com

The sooner it DAWNS ON YOU that interest rates are basically PEGGED TO ZERO, the more money you’ll make.

This is already our BEST YEAR ON RECORD, yet the 1,000% gains are ahead of us.

We will reach outer space sooner than Elon Musk – the mining sector is MOON-BOUND!

 

 

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Greg Mannarino: The Fed Is “Trying To KILL What’s Left Of The Middle Class”

The Federal Reserve, with the help of their puppets in the government, is trying to kill what’s left of the middle class.  This should be obvious by now, and yet people are still walking around more afraid of a virus than opening their eyes to what’s happening.

Who would have thought a face mask over the mouth and nose would cause such epic blindness. Greg Mannarino has been pointing out the goals of the Federal Reserve for years now.  It’s all coming to fruition, and in order to own the world, they must eliminate the middle class.

They are going for small businesses and have 50% of those gone already. “Maybe they’re going for, I don’t know, 75, 100%, while coroporate American, right now is stronger than it’s ever been!” Wake up, people.  This is all by design. It’s a century-old plan to own and rule the entire world.

It’s in our face and it’s no shock, adds Mannarino of the corporations and government merging together via the Federal Reserve. They are no longer hiding the agenda. There will be no middle class in the New World Order. They need poverty-stricken slaves only, while they sit at the top and rule to the world.  It’s pretty sad that most people still haven’t figured it out yet and will go cast a ballot in November thinking the Federal Reserve hasn’t already selected the puppet they will use for the next four years.

The only reason there are two political parties is to give people the illusion of choice. This should go without saying, but so many are still stuck in a paradigm that will wholly enslave and impoverish them unless they wake up to it, and soon! It’s “critical” to use Mannarino’s word.

Basically, we don’t control the outcome of elections. The central banks do. If for one second, the Federal Reserve sees Biden as being more “on board” with their epic distribution of debt and credit, he WILL be the next president.  Trump could still  be reelected because he’s been incredibly effective at helping the central bank take over the planet. –SHTFPlan

Trump Is A Pied Piper For The New World Order Agenda

Pay attention to what’s happening. It’s all in front of our faces now.

This process of controlled demolition needs a considerable distraction so that the central banks and the globalists ultimately avoid blame for the painful consequences of the event. Enter Donald Trump and the false Trump vs. Globalist paradigm. As I mentioned last week, the Fed is only one side of the equation for the crash; Trump is the other side.

After two years of witnessing Trump in action, it is clear to me that he is an active participant in the new world order agenda, and not just an unwitting patsy for the economic crisis.-Brandon Smith

However this plays out, it was all set up this way. The set up has begun for a contested election and overwhelming societal dysfunction regardless of which puppet the Federal Reserveselects for the illusionary throne. Take off the left vs. right paradigm glasses that are being used to divide and distract and look around clearly while applying critical thinking.

The Pentagon & CDC Will Join Together To Mass Distribute The COVID Vaccine

MSM Frenzy: Trump Floats The Idea Of Delaying The Election

The election in November could be the start of massive uprisings, no matter which puppet the Federal Reserve has selected, and it’s set up that way already. The puppets are already beginning their dog and pony show and dancing for the public on command.

If you feel the desire to protect your wealth, you still can’t beat gold and silver. Other than that, have a lot of a third metal, lead, on hand.

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MSM Frenzy: Trump Floats The Idea Of Delaying The Election

The mainstream media is in a panicked frenzy over President Donald Trump’s suggestion that the 2020 election be delayed.  The MSM says Trump has “no power” to delay the election, but not one single governor had the power to close small businesses either and that happened.

The point is, we won’t really have a choice anyway. The Federal Reserve is in control and they will select the puppet. If the election is delayed, it will be because the Federal Reserve wants it to be, and it’ll have little if anything to do with Trump.  He’s just playing his part for the predictive programming and the mainstream media is stirring up the fear again. Have people really not figured this out yet?

However, when the mainstream media goes nuts over anything, we should all be paying attention to their brainwashing and mind-numbing propaganda to alert us to potential future events.

According to the BBC, Trump floated a delay until people could “properly, securely and safely” vote. Trump has long railed against mail-in voting which he has said would be susceptible to fraud. And while he might be right about that, it’s obvious that the New World Order is already in control and this is all a part of the distraction while they finish destroying the dollar to bring about the new one-world digital currency. Most states want to make postal voting easier due to public health concerns over the coronavirus pandemic.

Greg Mannarino: “The Fed Is About To Sell You ANOTHER MASSIVE LIE!”

The reaction from MSM about this should be enough evidence that this is a distraction at best, and a psyop at worst. “Look over here! Trump said something bad! Don’t focus on the real problem!” Trump even tweeted:

This is gearing us up for a contested election already with predictive programming. Wake up, folks.  The joke is on us. Before waving this away as nothing, remember, the elitists have already modeled this exact scenario:

Another Secret Model: A Contested 2020 Election

We live in a world of psychological operations and they are being blasted at us 24/7 since March when COVID-19 and social distancing were all the media could talk about. Trump has also already reused to say he’d accept the outcome of the election if Joe Biden wins. This opens the door for a major event that could possibly spiral into a civil war, but at a bare minimum, will cause social upheaval this November and beyond. And the masses are still falling for it and fighting over which puppet will be chosen by the central banks to rule them.

Wake up. We are being played. This is all a predictive programming psyop game to those pushing the New World Order. Prepare for social unrest.  They are advertising what they plan to do to us. You have time, make the most of it. If you don’t have 6 months’ worth of food and some lead to protect that food, consider finding some.

Stay alert, pay attention to the mainstream media, but don’t succumb to fear. Knowing their plans could help you prepare for what’s coming.

 

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Greg Mannarino: The Solution To ALL Of This Is To “Become Your Own Central Bank”

Greg Mannarino has been spot on when it comes to what’s been going on in the markets.  Once again, he’s asking people to wake up to the Federal Reserve’s century-old plan to enslave humanity buy owning the globe.

Once you understand the Federal Reserve, the United States’ central bank, is in complete control and will get the election result in November that they want to push their agenda forward, you will be able to make the best decisions regarding your preparedness plans. I shouldn’t surprise anyone that the Fed is going to begin “new asset purchases,” considering their plan is to own everything.

“We haven’t seen anything yet,” says Mannarino. Tomorrow will be a day to watch, as we will “get to hear [the Fed’s] announcement on policy.”

“Obviously, they know ahead of time what they are gonna do,” says Mannarino. They already know who will be elected in November and how to show the public that there’s still some kind of illusion of choice when we know it’s all a grand stage.  They will go through with their plans, and there is only one way to stop it. “Become your own central bank,” says Mannarino. This has been my suggestion all along as well. You have to remove yourself from the Matrix they set up to control you, and that includes not attending the political theater anymore. This is by far, the best preparedness advice I can give anyone.

“Nothing is spontaneous here…these things [Federal Reserve bankers] are inhuman. And you know that. They’re not human beings. And they have an agenda that is  NOT in any way, shape, or form good for you or me.” -Greg Mannarino

Robert Kiyosaki: When They Took The Dollar Off The Gold Standard, They “Cheated The WORLD”

Where’s all the cash for the stimulus coming from? That’s by design. The government puppets are simply put in power to distract you and make sure your mind is controlled by one of the parties and you think you have a choice. But there’s a reason no one will tell you where the money comes from.

“You notice how no one tells you? Except me, And you know where it’s coming from. They’re gonna go right to the Federal Reserve and borrow it, and what does this do? This makes the Federal Reserve very very happy…nothing makes the Federal Reserve more happy than to issue more debt, create more slaves, and again, you know why. It brings them right to where they wanna be The lender and buyer of last resort so they can own the freaking world.

You know what to do. Continue to bet against this debt, become your own central bank, and realize what the grand plan is here: global takeover, new dollar, and that’s it it’s very simple and there’s no way to stop it. “ -Greg Mannarino

Open your eyes, sit back, and think about what you need to do to get yourself on the right side of this thing. If you use the new digital dollar that is coming out, you will be their slave. We are pretty much slaves now, but very soon, there will be the free who refuse to participate in the beast system, and the enslaved. That is a choice I cannot make for you. I do, however, suggest you open your eyes to what’s going on.  Put your politics aside, because if you can’t you will fall along with that illusion.

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Will the Federal Reserve Cause the Next Riots?

This article was originally published by Ron Paul at The Ron Paul Institute for Peace and Prosperity

Federal Reserve Chair Jerome Powell and San Francisco Fed President Mary Daly both recently denied that the Federal Reserve’s policies create economic inequality. Unfortunately for Powell, Daly, and other Fed promoters, a cursory look at the Fed’s operations shows that the central bank is the leading cause of economic inequality.

The Federal Reserve manipulates the money supply by buying and selling government securities. This means that when the Fed decides to pump money into the economy, it does so by putting it in the pockets of wealthy, and oftentimes politically-connected, investors who are able to spend the new money before the Fed’s actions result in widespread inflation. Wealthy individuals also tend to be among the first to invest in the bubbles that form when the Fed distorts interest rates, which are the price of money. These investors may lose some money when the bubble bursts, but these losses are usually outweighed by their gains, so they end up profiting from the Fed-created boom-bubble-bust cycle.

In contrast, middle-class Americans lose jobs as well as savings, houses, and other assets when bubbles burst. They will also not benefit as much as the rich and well-connected from government bailouts and stimulus schemes. Middle- and working-class Americans also suffer from a steady erosion of their standard of living because of the Fed’s devaluation of the currency. This is the reason why so many Americans rely on credit cards to cover routine expenses. The Federal Reserve is thus the reason why total US credit card debt is almost one trillion dollars.

Big-spending politicians are also beneficiaries of the fiat money system. The Fed’s purchases of US debt enable Congress to massively increase welfare and warfare spending without increasing taxes to politically unacceptable levels. The people pay for the welfare-warfare state via the Fed’s hidden and regressive inflation tax.

Low interest rates also benefit politicians by keeping the federal government’s interest payments low. This is an unstated reason why the Fed will keep interest rates near zero or even lower interest rates below zero.

In response to the government-caused economic collapse, the Federal Reserve increased the money supply by about a trillion dollars from mid-April to early June. In contrast, it took the Fed all of 2019 to grow the money supply by 921 billion dollars. Even before the lockdown, the Fed was massively intervening in the economy in a futile attempt to prevent an economic crisis.

A coming crisis will likely be triggered by a collapse in the dollar’s value and a rejection of the dollar’s world reserve currency status. The economic collapse will be worse than the Great Depression. This will result in widespread violence along with government crackdowns on liberties, accelerating the US slide into authoritarianism. The only way to avoid this is for Congress to make drastic cuts in spending — starting with defunding the military-industrial complex — and to audit then end the Fed.

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ARMY OF MORONS: Media Out Of Control – USA GOING DOWN!

This article was contributed by Tom Beck of Portfolio Wealth Global. 

Yesterday and today, for the first time in my life, I watched the mainstream media in order to understand what people, who are clearly INCAPABLE OF CRITICAL THINKING, allow CNN to brainwash them with. I was an experiment in tapping into the intellect of the average voter.

I have to say that, at different times, I thought LONG AND HARD about the contempt of the editors and script writers, who come up with the narrative for the news, towards the viewers. Clearly, they must be ABSOLUTELY CERTAIN that they are speaking to people with the understanding of a three-year-old.

I sat there and thought this was a prank.

Two conclusions that any self-respecting American needs to draw in 2020:

  1. The media has NO RESPECT for its audience. They are literally engaged in dumbing down people that already probably do NO READING, NO THINKING AND NO STUDYING and are susceptible to propaganda and mind manipulation.
  2. The media is not media at all. What I saw from CNN borders on a lawsuit that ought to be filed against them for irresponsibly spreading junk around.

I had to laugh, since it was so awkward. It was troubling to view the words they chose to deliver their propaganda, and my biggest concern is that America is TOO DIVIDED and TOO MISPLACED to come back from this into the realm of real debate.

There are millions of people who are TRULY SUFFERING and I don’t think that there’s any REAL INTENTION to come together.

Courtesy: Zerohedge.com, Deutsche Bank

The survey above represents THE BEATING PULSE of America; entrepreneurs, who took it upon themselves to start a business in their own community, risked everything and built something, only to be told to SHUT THEM DOWN. There’s a cost to FORCING UNPRODUCTIVITY and the price has yet to be revealed, but it will be MASSIVE.

Small businesses are bleeding, and creating new currency doesn’t solve the problem.

Consumer spending is about emotional decision-making, not about getting government aid. Unless Americans feel secured and confident in the future, they will choose to close their wallets and to down-size.

How can politicians, who have no idea what it is like to DELIVER REAL VALUE to the marketplace, to innovate and put a smile on someone else’s face, know how to LEAD US THROUGH this crisis?

Government doesn’t lead; it only serves to make people INDIFFERENT to their true worth by offering subsidized social programs.

Courtesy: Zerohedge.com, Deutsche Bank

Since the Federal Reserve took it upon itself in 2008 to “SOLVE MATTERS,” we have witnessed debt issuance by both governments and corporations become a POOR JOKE.

Debt is death. Debt is leverage. Debt is stress.

Finally, debt is the problem of both the entity that wants it and the entity that extends it. Certainly, it is NOT MY PROBLEM if Wells Fargo or any other criminal-minded institution decides to push his luck and lend currency to people who can’t possibly repay it.

Debt will SELF-DESTRUCT and collapse under its own weight, so don’t worry about the fact that these bankers live like kings. In the end, they will pay for their actions.

The general population is SO NUMB that it might not happen until we get a full-blown revolution, but know that chaos is the result of this monetary experiment these lunatics are taking us all on and FORCING UPON US.

Courtesy: Zerohedge.com

The world IS PANICKED. You can see it by looking at where people choose to put their money.

What we need to understand is that we can’t CHANGE THE WORLD, but we must not GET DRAGGED into the foolishness and evil that is attempting to re-program our values and principles.

Be true to yourself. Be true to what’s effective and don’t allow CORPORATE INTERESTS to influence your integrity.

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