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Big investment companies are buying houses at high prices and renting them out, squeezing would-be homeowners

Rising housing prices across the nation are putting first-time homebuyers in a bind.

While record-low interest rates make mortgage financing incredibly easy, few people can actually afford to take advantage of these loans because prices for houses are too high. Part of the problem has to do with soaring lumber costs, which is driving up the price of building. There’s also a labor shortage for builders, which means many would-be buyers fighting with each other to find pre-owned homes, which is driving up those prices.

Those that can afford to buy a house are having trouble finding one for sale before someone else buys it. Another dimension of the problem is these first-time buyers aren’t just competing amongst themselves, they’re also facing competition from large investment companies who are buying up houses to turn them into single-family rentals, blocking many Americans from becoming homeowners.

A new report from the Wall Street Journal details “the rise of big investors as a potent new force in the U.S. housing market.” The story covers the example of Fundrise LLC, an online property-investing platform that purchased 124 houses in Conroe, Texas, for $32 million, paying building firm D.R. Horton Inc. “roughly twice what it typically makes selling houses to the middle class” — illustrating how home builders stand to make more money by selling houses to investment firms instead of middle-class Americans who want to own their first home.

The report goes on to detail how “yield-chasing investors are snapping up single-family houses to rent out or flip,” contributing to the scarcity of houses for sale and driving up prices for everyone.

According to one estimate from John Burns Real Estate Consulting, as many as 1 in 5 houses sold in the nation’s top housing markets is purchased by someone who will never move in. As a result, the consulting firm expects prices to continue to rise, climbing 12% this year and at least 6% more in 2022.

“You now have permanent capital competing with a young couple trying to buy a house,” said company CEO John Burns. “That’s going to make U.S. housing permanently more expensive.”

Burns notes there are more than 200 big money companies and investment firms competing with families and first-time buyers for houses, including titans of finance J.P. Morgan Asset Management and Blackrock Inc.

Important changes are happening in the housing market because of the involvement of big money investors. The record-level home prices driven by firms paying much more than regular people can afford for these homes, or maybe even more than the homes are worth, could lead to a market bubble.

The Journal’s report compared the speculative bubble created by these investors to the housing bubble that began in 2004 and 2005 and ended with the 2008 financial crisis.

Also, many of the houses bought by these companies are not being sold to potential homeowners. Entire neighborhoods bought by Wall Street are being turned into rentals, leaving few options for those who want to own a home.

With prices rising and big companies outbidding the middle class for the few houses that are available, how are families ever going to afford to own a home?

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Bank of England COVID-19 Cyber Policy Initiative digital transformation Federal Reserve Global Financial System global takeover government is slavery Headline News Intelwars Russia silicon valley wake up Wall Street World Economic Forum

WEF Warns Of Cyber Attack Leading To Systemic Collapse Of The Global Financial System

This article was originally published by Whitney Webb at The Last American Vagabond. 

A report published last year by the WEF-Carnegie Cyber Policy Initiative calls for the merging of Wall Street banks, their regulators, and intelligence agencies as necessary to confront an allegedly imminent cyber-attack that will collapse the existing financial system.

In November 2020, the World Economic Forum (WEF) and Carnegie Endowment for International Peace co-produced a report that warned that the global financial system was increasingly vulnerable to cyber-attacks. Advisors to the group that produced the report included representatives from the Federal Reserve, the Bank of England, the International Monetary Fund, Wall Street giants likes JP Morgan Chase, and Silicon Valley behemoths like Amazon.

The ominous report was published just months after the World Economic Forum had conducted a simulation of that very event – a cyberattack that brings the global financial system to its knees – in partnership with Russia’s largest bank, which is due to jumpstart that country’s economic “digital transformation” with the launch of its own central bank-backed cryptocurrency.

More recently, last Tuesday, the largest information sharing organization of the financial industry, whose known members include Bank of America, Wells Fargo, and CitiGroup, have again warned that nation-state hackers and cybercriminals were poised to work together to attack the global financial system in the short term. The CEO of this organization, known as the Financial Services Information Sharing and Analysis Center (FS-ISAC), had previously advised the WEF-Carnegie report that had warned much the same.

Such coordinated simulations and warnings from those who dominate the current, ailing financial system are an obvious causes for concern, particularly given that the World Economic Forum is well-known for its Event 201 simulation about a global coronavirus pandemic that took place just months prior to the COVID-19 crisis.

The COVID-19 crisis has since been cited as the main justification for accelerating the “digital transformation” of the financial and other sectors that the Forum and its partners have promoted for years. Their latest prediction of a doomsday event, a cyber attack that stops the current financial system in its tracks and instigates its systemic collapse, would offer the final yet necessary step for the Forum’s desired outcome of this widespread shift to digital currency and the increased global governance of the international economy.

Given that experts have been warning since the last global financial crisis that the collapse of the entire system was inevitable due to central bank mismanagement and rampant Wall Street corruption, a cyber attack would also provide the perfect scenario for dismantling the current, failing system as it would absolve central banks and corrupt financial institutions of any responsibility. It would also provide a justification for incredibly troubling policies promoted by the WEF-Carnegie report, such as a greater fusion of intelligence agencies and banks in order to better “protect” critical financial infrastructure.

Considering the precedent of the WEF’s past simulations and reports with the COVID-19 crisis, it is well worth examining the simulations, warnings and the policies promoted by these powerful organizations. The remainder of this report will examine the WEF-Carnegie report from November 2020, while a follow-up report will focus on the more recent FS-ISAC report published last week. The WEF simulation of a cyber attack on the global financial system, Cyber Polygon 2020, was covered in detail by Unlimited Hangout in a previous report.

The WEF-Carnegie Cyber Policy Initiative

The Carnegie Endowment for International Peace, is one of the most influential foreign policy think tanks in the United States, with close and persistent ties to the US State Department, former Presidents, corporate America, and American oligarch clans like the Pritzkers of Hyatt hotels. Current trustees of the endowment include executives from Bank of America and CitiGroup as well as other influential financial institutions.

In 2019, the same year as Event 201, the Endowment launched its Cyber Policy Initiative with the goal of producing an “International Strategy for Cybersecurity and the Global Financial System 2021-2024.” That strategy was released just months ago, in November 2020, and, according to the Endowment, was authored by “leading experts in governments, central banks, industry, and the technical community” in order to provide a “longer-term international cybersecurity strategy” specifically for the financial system.

The initiative is an outgrowth of past efforts of the Carnegie Endowment to promote the fusion of financial authorities, the financial industry, law enforcement, and national security agencies, which is both a major recommendation of the November 2020 report and a conclusion of a 2019 “high-level roundtable” between the Endowment, the IMF and central bank governors. The Endowment had also partnered with the IMF, SWIFT, Standard Chartered, and FS-ISAC to create a “cyber resilience capacity-building toolbox” for financial institutions in 2019. That same year, the Endowment also began tracking “the evolution of the cyber threat landscape and incidents involving financial institutions” in collaboration with BAE Systems, the UK’s largest weapons manufacturer. Per the Endowment, this collaboration continues into the present.

In January 2020, representatives of the Carnegie Endowment presented their Cyber Policy Initiative at the annual meeting of the World Economic Forum, after which the Forum officially partnered with the Endowment on the initiative.

Advisors to the now joint WEF-Carnegie project include representatives of central banks like the US Federal Reserve and the European Central Bank; some of Wall Street’s most infamous banks like Bank of America and JP Morgan Chase; law enforcement organizations such as INTERPOL and the US Secret Service; corporate giants like Amazon and Accenture; and global financial institutions like the International Monetary Fund (IMF) and SWIFT. Other notable advisors include the managing director and head of the WEF’s Centre for Cybersecurity, Jeremy Jurgens, who was also a key player in the Cyber Polygon simulation, and Steve Silberstein, the CEO of the Financial Services Information Sharing and Analysis Center (FS-ISAC).

“Not a Question of If but When

The Cyber Policy Initiative’s November 2020 report is officially titled “International Strategy to Better Protect the Financial System.” It begins by noting that the global financial system, like many other systems, are “going through unprecedented digital transformation, which is being accelerated by the coronavirus pandemic.”

It then warns that:

“Malicious actors are taking advantage of this digital transformation and pose a growing threat to the global financial system, financial stability, and confidence in the integrity of the financial system. Malign actors are using cyber capabilities to steal from, disrupt, or otherwise threaten financial institutions, investors and the public. These actors include not only increasingly daring criminals, but also states and state-sponsored attackers.”

Followed by this warning of “malign actors”, the report notes that “increasingly concerned, key voices are sounding the alarm.” It notes that Christine Lagarde of the European Central Bank and formerly of the IMF warned in February 2020 that “a cyber attack could trigger a serious financial crisis.” A year prior, at the WEF’s annual meeting, the head of Japan’s central bank predicted that “cybersecurity could become the financial system’s most serious risk in the near future.” It also notes that in 2019, Jamie Dimon of JP Morgan Chase similarly labeled cyber attacks as possibly “the biggest threat to the US financial system.”

Not long after Lagarde’s warning, in April 2020, the Financial Stability Board asserted that “cyber incidents pose a threat to the stability of the global financial system” and that “a major cyber incident, if not properly contained, could seriously disrupt financial systems, including critical financial infrastructure, leading to broader financial stability implications.”

The WEF-Carnegie report authors add to these concerns that “the exploitation of cyber vulnerabilities could cause losses to investors and the general public” and lead to significant damage to public trust and confidence in the current financial system. It also notes, aside from affecting the general public in a significant way, this threat would impact both high-income countries and low to lower-middle-income countries, meaning its impact on the masses will be global in scope.

The report then ominously concludes that “one thing is clear: it is not a question of if a major incident will happen, but when.

Ensuring control of the narrative

Another section of the report details recommendations for controlling the narrative in the event such a crippling cyberattack takes place. The report specifically recommends that “financial authorities and industry should ensure they are properly prepared for influence operations and hybrid attacks that combine influence operations with malicious hacking activity” and that they “apply lessons learned from influence operations targeting electoral processes to potential attacks on financial institutions.”

It goes on to recommend that “major financial services firms, central banks, and other financial supervisory authorities”, representatives of which advised the WEF-Carnegie report, “identify a single point of contact within each organization to engage social media platforms for crisis management.”

The report’s authors argue that “in the event of a crisis,” such as a devastating cyberattack on the global banking system, “social media companies should swiftly amplify communications by central banks” so that central banks may “debunk fake information” and “calm the markets.” It also states that “financial authorities, financial services firms and tech companies [presumably including social media companies] should develop clear communication and response plan focused on being able to react swiftly.” Notably, both Facebook and Twitter are listed in the report’s appendix as “industry stakeholders” that have “engaged” with the WEF-Carnegie initiative.

The report also asserts that premeditated coordination for such a crisis between banks and social media companies needs to take place so that both parties may “determine what severity of crisis would necessitate amplified communication.” The report also calls for social media companies to work with central banks to “develop escalation paths similar to those developed in the wake of the past election interference, as seen in the United States and Europe.”

Of course, those “escalation paths” involved wide-ranging social media censorship. The report seems to acknowledge this when it adds that “quick coordination with social media platforms is necessary to organize content takedowns.” Thus, the report is calling for central banks to collude with social media platforms to plan out censorship efforts that would be enacted if a sufficiently severe crisis occurs in financial markets.

As far as “influence operations” go, the report divides these into two categories; those that target individual firms and those that target markets overall. Regarding the first category, the report states that “organized actors will spread fraudulent rumors to manipulate stock prices and generate profit based on how much the price of the stock was artificially moved.” It then adds that, in these influence operations, “firms and lobbyists use astroturfing campaigns, which create a false appearance of grassroots support, to tarnish the value of a competing brand or attempt to sway policymaking decisions by abusing calls for online public comments.” The similarities between this latter statement and the Wall Street Bets phenomenon of January 2021 are obvious.

Regarding the second category of “influence operations,” the report defines these operations as “likely to be carried out by a politically motivated actor like a terrorist group or even a nation-state.” It adds that “this type of influence operation may directly target the financial system to manipulate markets, for example, by spreading rumors about market-moving decisions by central banks” as well as spreading “false information that does not directly reference financial markets but that causes financial markets to react.”

Given that the report states that the first category of influence operation poses little systemic risk while the second “may pose a systemic risk”, it seems more likely that the event being predicted by the WEF-Carnegie report would involve claims of the latter by a “terrorist group” or potentially a nation-state. Notably, the report mentions North Korea as a likely nation-state offender on several occasions. It also dwells on the likelihood that synthetic media or “deep fakes” would be part of this system-devastating event in emerging economies and/or in high-income countries experiencing a financial crisis.

A separate June 2020 report from the WEF-Carnegie initiative was published specifically on deep fakes and the financial system, noting that such attacks would likely transpire during a larger financial crisis to “amplify” damaging narratives or “simulate grassroots consumer backlash against a targeted brand.” It adds that “companies, financial institutions and government regulators facing public relations crises are especially vulnerable to deep fakes and synthetic media.”

In light of these statements, it is worth pointing out that bad actors within the current system could exploit these scenarios and theories to paint actual grassroots backlash against a bank or corporation as being a synthetic “influence operation” perpetrated by “cybercriminals” or a nation-state. Considering that the WEF-Carnegie report references a scenario analogous to the Wall Street Bets situation in January 2021, a banker-led effort to falsely label a future grassroots backlash as instead being synthetic and the fault of a “terrorist group” or nation-state should not be ruled out.

“Reducing Fragmentation”: Merging Banks with their Regulators and Intelligence Agencies

Given the inevitability of this destructive event predicted by the report’s authors, it is important to focus in on the solutions proposed in the WEF-Carnegie report as they will become immediately relevant if this event, as predicted by the WEF and Carnegie Endowment, does come to pass.

Some of the solutions proposed are to be expected from a WEF-linked policy document, such as the calls for increased public-private partnerships and greater coordination among regional and international organizations as well as increased coordination between national governments.

However, the main “solution” at the heart of this report, and also at the heart of the WEF-Carnegie initiative’s other endeavors, is a call to fuse corporate banks, the financial authorities that essentially oversee them, tech companies, and the national security state.

The report’s authors first argue that the main vulnerability of the global financial system at present is “the current fragmentation among stakeholders and initiatives” and that mitigating this threat to the global system lies in reducing that “fragmentation.” The report argues that the way to resolve the issue requires massive re-organization of all “stakeholders” via increased global coordination. The report notes that the “disconnect between the finance, the national security, and the diplomatic communities is particularly pronounced” and calls for much closer interaction between the three.

It then states that:

“This requires countries not only to better organize themselves domestically but also to strengthen international cooperation to defend against, investigate, prosecute and ideally prevent future attacks. This implies that the financial sector and financial authorities must regularly interact with law enforcement and other national security agencies in unprecedented ways, both domestically and internationally.”

Some examples of these “unprecedented interactions” between banks and the national security state are included in the report’s recommendations. For instance, it argues that “governments should use the unique capabilities of their national security communities to help protect FMIs [financial market infrastructures] and critical trading systems.” It also calls for “national security agencies [to] consult critical cloud service providers [like WEF-Carnegie initiative partner Amazon Web Services] to determine how intelligence collection could be used to help identify and monitor potential significant threat actors and develop a mechanism to share information about imminent threats” with tech companies.

The report also states that “the financial industry should throw its weight behind efforts to tackle cybercrime more effectively, for example by increasing its participation in law enforcement efforts.”

On that last point, there are indications this has already begun. For instance, Bank of America, the second-largest bank in the US and part of the WEF-Carnegie Initiative and FS-ISAC, was reported to have “actively but secretly engaged” with US law enforcement agencies in the hunt for “political extremists” following the January 6th events at Capitol Hill. In doing so, Bank of America shared private information with the federal government without the knowledge or consent of its customers, leading critics to accuse the bank of “effectively acting as an intelligence agency.”

Yet, arguably the most troublingly part of the report is its call to unite the national security apparatus and the finance industry first, and then use that as a model to do the same with other sectors of the economy. It states that “protecting the international financial system can be a model for other sectors,” adding that “focusing on the financial sector provides a starting point and could pave the way to better protect other sectors in the future.”

Were all the sectors of the economy to also fuse with the national security state, it would inevitably create a reality where there is no part of daily human life that is not ultimately controlled by these two already very powerful entities. This is a clear recipe for techno-fascism on a global scale. As this WEF-Carnegie report makes clear, the roadmap regarding how to cook up such a nightmare has already been charted out in coordination with the very institutions, banks, and governments that currently control the global financial system.

Not only that but – as pointed out in Unlimited Hangout‘s article on Cyber Polygon – the World Economic Forum and many of its partners have a vested interest in the systemic collapse of the current financial system. In addition, many central banks have recently backed new digital currency systems that can only achieve rapid, mass adoption if the existing system collapses.

Given that these systems are set to be integrated with biometric IDs and so-called “vaccine passports” through the WEF and Big Tech-backed Vaccine Credential initiative, it is worth considering the timing of the expected launch of such systems in determining when this predicted and the allegedly inevitable event is likely to occur.

With this new financial system so deeply inter-connected to these “credential” efforts, this cyberattack on the financial sector would likely take place at a time when it would best facilitate the adoption of the new economic system and its integration into credential systems currently being promoted as a “way out” of COVID-19-related restrictions.

The post WEF Warns Of Cyber Attack Leading To Systemic Collapse Of The Global Financial System first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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INSURRECTION: RATES TEAR DOWN GOLD!

This article was contributed by The Wealth Research Group. 

Just like Enron, Pets.com, and the bombastic AOL/Time Warner merger bid signify the Dotcom paradigm shift, and as Lehman Brothers, AIG, and Fannie and Freddie are the symbols of the Great Financial Crisis of 2008, so does GME and Reddit’s WallStreetBets fiasco represent the idea that emerging tech has become a massive bubble.

We said it, hedge fund titans like Ray Dalio put it on paper, Buffett and Munger warned about it, and, indeed, this sector has now seen a severe sell-off!

The non-profitable tech bubble is popping and this is not a regular correction. The air has leaked out and it won’t be inflated back, since people’s eyes have been opened to the downside of buying speculative growth companies, paying premiums that portray a perfectly smooth future.

P/E ratios of 100, 200, 300, and even more, which investors have been willing to pay, are now going to become a thing of the past.

Courtesy: Zerohedge.com

You’ll notice that while the emerging tech bubble has been crashing by -20%, -30%, and even -50% in just the past 2-3 weeks, the technology companies that are valued, based on fundamentals, have not suffered the same fate.

Classically, assuming this is part of the grand rally and looking to buy the “dips,” people crammed in, putting new monies, and got burned!

Valuations don’t matter until they do, until market conditions change and then one is forced to look at what he owns, at the businesses he chose to purchase and sees that they are companies that are only rallying because of some short-term anomaly, not a long-term sustainable backdrop. Said differently, this bubble popping means that most of the damaged equities that are now by -30%, -40%, and -50%, will now be viewed with open eyes and won’t go up to their previous eyes unless their fundamentals fit the bill (that might be 5-10 years away!).

Courtesy: Zerohedge.com

As you can see, the appetite of millennials and Gen Z demographics to own equities isn’t over by a long shot. They plan to put their just-approved stimulus checks in the markets. As we’ve been showing, the bubbles are in pockets, in niches, not with the overall stock market.

In the past three weeks, though, some real damage has transpired, since close to $500bn has flowed into equities in this correction. Playing with fire certainly comes with the high probability of getting burned.

Now, with the S&P 500’s yield at 1.52% and the 10yr Treasury yield at 1.56%, there’s an alternative to stocks, when it comes to fixed-income portfolios.

This will continue to drive funds into bonds, but not enough to scare away millennials and Gen Z and not enough to change my own mind, to be honest, which probably means that there are others like me. Bottom line, stocks won’t crash just because the 10-yr bond yields 1.56%, compared with 0.6% at the March lows.

Courtesy: Zerohedge.com

The NASDAQ is now negative for 2021 and has entered an official correction (-10%), the same as the S&P 500. After Powell’s speech on Thursday, I texted one of the best hedge fund managers I know and told him, “What Powell did was to flush out any remaining sellers. He basically acknowledged that this sell-off in crazily-valued tech was a justified response to the changing climate and I think that the worst is behind us. We might get another puke on Friday, but don’t be surprised, if bulls regain control or at least give bears a fair fight.”

Sure enough, mid-Friday, the reversal came and it was aggressive. I don’t know if the rebound will immediately accelerate, as the market opens tomorrow, but I can tell you that I’ve been buying heavily myself and will proceed to do just that with my favorite stocks. The tactic of buying equities in corrections is to accelerate, as the pain extends.

I plan on issuing a full report with these purchases on Tuesday, as well as announce two major positions I’m just now entering.

We don’t think that markets are headed towards a total meltdown and if anything, we take the contrarian view that investors aren’t yet fully aware of how strong and healthy the recovery will be.

If I am to compare this period to others in history, I find many similarities to 1945, after WW2 ended – the world reset and sensational stimulus commenced everywhere.

The post INSURRECTION: RATES TEAR DOWN GOLD! first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Bank Of America Begins First Round Of Layoffs Since Pandemic-Inspired Freeze

This article was originally published by Tyler Durden at ZeroHedge. 

After being canceled last year, the annual culling of the underperformers is underway once again at BofA.

Following a slowdown in layoffs during the pandemic as a coterie of megabanks (including BofA and Deutsche Bank) announced plans to suspend layoffs, Wall Street’s talent-churning machine is firing back up. Bank of America’s Global Banking and Markets division is reportedly preparing to move ahead with layoffs now that 2020 is finally over. Last year, BofA CEO Brian Moynihan promised that BofA would hold off on any further layoffs until 2021, even as other Wall Street banks started handing out pink slips again once the fall months arrived.

The cuts impacted employees in capital markets, research, and investment banking according to Business Insider. Sources from inside the bank said the cuts are part of the typical cycle of Wall Street layoffs, as banks seek to preserve top talent and cull underperformers. They added that the number of people fired was in line with prior years.

Some of those being handed pink slips are senior staffers who volunteered for buyouts.

It’s not exactly clear what percentage of staffers from the Global Banking and Markets division are being cut.

Staffers across Wall Street already had to contend with what was by all accounts a disappointing bonus season, despite the blowout profits reaped by big banks in 2020 as markets boomed. Investment banking and trading operations posted blowout performances in 2020, but institutions as a whole suffered steep profit declines as they braced for loan losses tied to the pandemic.

At BofA, management’s decision to waive a new bonus policy for veteran traders and dealmakers has caused “internal drama”, as the new rules were supposed to be applied broadly. Those who weren’t subject to the policy have been “gathering on calls to vent frustrations and discuss options”. In some ways, the divisiveness dates back to BofA’s 2008 takeover of Merrill Lynch, the Wall Street investment bank that nearly went under during the financial crisis.

The post Bank Of America Begins First Round Of Layoffs Since Pandemic-Inspired Freeze first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Someone Please Tell Powell, Yellen And Biden That We Are Going To Need A Lot More “Weimar Money”…

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

Volatility has returned to Wall Street, and it appears that our absolutely epic stock market bubble may be in serious trouble.  The S&P 500 closed down for the fifth trading session in a row on Monday, and that represents the longest losing streak that we have seen since last February.

Investors are starting to get quite nervous because for most of the past year stock prices have gone in just one direction.  Even as the real economy has imploded all around us, there has been tremendous euphoria on Wall Street as stock prices have surged to dizzying heights.  If stock prices were allowed to crash, that would definitely not be good for the national mood at all.

So what is the solution?

This stock market bubble was originally created by unprecedented intervention by the Federal Reserve and by extremely wild borrowing and spending by the U.S. government, and in order to keep the bubble going we are going to need a lot more of the same.

So someone needs to tell Federal Reserve Chair Jerome Powell that it is time to go “full Weimar” so that we can prop up this bubble for as long as humanly possible.

For a while there in 2020, the Fed’s balance sheet was increasing at a nearly vertical pace, but in recent months it has only been going up at an exponential rate

 

If the Fed wants to keep stock prices at their current levels, Powell and his minions need to fire up the engines again.

Meanwhile, the federal government has work to do as well.  If our politicians in Washington really want stock prices to remain ridiculously high, they need to send more checks to the American people as soon as possible.

The effects of the last round of checks is already starting to wear off, and retail investors need more “stimulus money” to fritter away in their Robinhood accounts.

The good news for Wall Street is that Treasury Secretary Janet Yellen has reiterated her call for a large stimulus package, and Joe Biden has said that he is ready to sign one into law.

Of course, at this point, poor old Joe signs anything that his handlers put on his desk.

We haven’t added another trillion dollars to the national debt in a few months, and investors are quite eager to see our grand total cross the 28 trillion dollar mark.  Most of them believe that more stimulus money will mean higher stock prices, but more stimulus money will also cause our money supply to grow even larger.

Since the start of the pandemic, M1 has been growing at a rate that would put the Weimar Republic to shame…

 

When I look at that chart, I feel like I am going to throw up.

But the only way to “save Wall Street” is to throw more giant mountains of money onto the fire.  If we don’t go “full Weimar”, stock prices might crash to reasonable levels, and investors would be absolutely horrified.

And we are already starting to see warning signs.  Just look at what happened to Tesla on Monday

Shares of Tesla closed down 8.55% on Monday, as investors betting on a pandemic comeback rotated out of Big Tech and piled into cyclical stocks.

It’s Tesla’s biggest drop since Sept. 23, 2020, when it closed down 10.34%.

Do you want to be responsible for Tesla investors losing hundreds of billions of dollars in paper profits?

If not, then you need to support more printing, more borrowing, and more spending.

Of course, I am being facetious in this article.

By going down the road of hyperinflation, we are systematically destroying the value of the reserve currency of the world, we are piling up trillions of dollars of debt that future generations would never possibly be able to repay, and we are setting the stage for the inevitable meltdown of our current financial system.

In other words, we are literally committing national suicide.

Following World War I, they did the exact same thing in Germany.

The Weimar Republic created money like there was no tomorrow, and at first, it fueled a tremendous speculative boom.  Just a couple days ago, Michael Burry posted about this on his Twitter account

“Speculation alone, while adding nothing to Germany’s wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market.”

But that bubble didn’t last, did it?

Germany plunged into a horrific economic depression that shocked the entire world.  Eventually, people were running around with wheelbarrows full of cash to pay for things, but nobody wanted the money because it was so worthless.

And of course, the collapse of the Weimar Republic set the stage for World War II.

So why do we refuse to learn from history?

Sadly, it isn’t just the U.S. that is going down a hyperinflationary path.  Governments all over the globe have been printing, borrowing, and spending money at unprecedented levels, and now the ratio of the world’s debt to GDP has reached a staggering 356 percent

The world’s debt-to-GDP ratio rose to 356% in 2020, a new report from the Institute of International Finance finds, up 35 percentage points from where it stood in 2019, as countries saw their economies shrink and issued an ocean of debt to stay afloat.

We all know how this story ends.

It ends with an absolutely nightmarish global economic collapse.

I have been sounding the alarm for years, and many others have as well.

Unfortunately, those warnings have gone unheeded.

Even though our forefathers handed us the keys to the greatest economic machine the world had ever seen, in our insatiable greed we always had to have more.

We just kept borrowing and spending, and many of us assumed that our self-destructive behavior would never actually catch up with us.

Disaster didn’t strike when our national debt hit 10 trillion dollars, and it didn’t strike when it hit 20 trillion dollars either.

To a lot of Americans, it seemed like we could keep this charade going indefinitely.

But now we are facing a day of reckoning, and the price for going “full Weimar” is going to be very bitter indeed.

***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.

The post Someone Please Tell Powell, Yellen And Biden That We Are Going To Need A Lot More “Weimar Money”… first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Texas AG Issues CIDs To Robinhood, Citadel, Others Over “Shocking Coordination” Between Hedge Funds, Trading Platforms To Halt Trading

This article was originally published by Tyler Durden at ZeroHedge. 

The probes and lawsuits are coming.

Nasal Swabs Were Only The Beginning: China Rolls Out Anal Swab COVID Tests

Texas Attorney General Ken Paxton sent out a Civil Investigative Demand to 13 entities, including Robinhood and Citadel, regarding the “suspension of stock trading and investing” requiring higher margin reserves for trading certain companies and suspending chat platform activity.

Other names which were also issued CIDs include Discord, Robinhood Markets, Robinhood Securities, Interactive Brokers, TD Ameritrade, TD Bank, E-Trade, WeBull Financial, Public Holdings, M1 Holdings, Citadel Financial, and Apex Clearing.

“Wall Street corporations cannot limit public access to the free market, nor should they censor discussion surrounding it, particularly for their own benefit. This apparent coordination between hedge funds, trading platforms, and web servers to shut down threats to their market dominance is shockingly unprecedented and wrong. It stinks of corruption,” said Attorney General Paxton.

“I’m hopeful that these companies will step up and cooperate with these CIDs in order to clear any confusion over why stock purchases were forcibly closed and why even conversation around these stocks was silenced.”

In addition to public statements and internal documents, the CIDs request copies of all terms of service, policies related to content control and moderation, and communications between platforms and moderators of chat servers, including decisions to limit, control, or prevent access to the Discord r/WallStreetBets server.

Read copies of the CID here.

The post Texas AG Issues CIDs To Robinhood, Citadel, Others Over “Shocking Coordination” Between Hedge Funds, Trading Platforms To Halt Trading first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Republicans and Democrats slam Robinhood, call for congressional hearings on GameStop trade freeze

Democratic lawmakers are calling for hearings into Robinhood and other financial service companies’ decision to prohibit customers from buying or even searching for certain stocks, and some Republicans are signaling support for the effort.

Popular stockbroker services were accused of manipulating the market by angry social media users Thursday after Robinhood, a company that lets customers trade stocks for free from their mobile phones, announced that shares in GameStop, AMC Entertainment, Nokia, and other “volatile” stocks would be restricted to position-closing only. The decision came in response to an internet campaign by retail traders — non-professional individual investors who day trade to make money on the side or for fun — to attempt to raise the stock price of GameStop after hedge funds signaled their intent to short the stock.

Motherboard reported Thursday that more than half of the users on Robinhood owned at least some GameStop stock and were now blocked from buying more. Needless to say, the outcry from Robinhood customers and other GameStop traders was near instantaneous and furious, but now lawmakers are weighing in.

Rep. Rashida Tlaib (D-Mich.) called the move by Robinhood and others “absurd,” demanding a hearing in Congress on the issue.

“They’re blocking the ability to trade to protect Wall St. hedge funds, stealing millions of dollars from their users to protect people who’ve used the stock market as a casino for decades,” Tlaib tweeted.

She was joined by Rep. Alexandria Ocasio-Cortez (D-N.Y.), another member of the progressive “Squad” in Congress and a member of the House Financial Services Committee.

“This is unacceptable,” Ocasio-Cortez said. “We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.

“As a member of the Financial Services Cmte, I’d support a hearing if necessary.”

She added in a follow-up tweet that any congressional inquiry “should not be limited solely to Robinhood.”

“This is a serious matter. Committee investigators should examine any retail services freezing stock purchases in the course of potential investigations – especially those allowing sales, but freezing purchases.”

At least one Republican wants to make an effort to investigate the trade freezes bipartisan. Sen. Ted Cruz (R-Texas) tweeted his support for Ocasio-Cortez’s demand for an inquiry.

But Ocasio-Cortez is adamantly opposed to working with Cruz, who she’s repeatedly accused of “trying to get me killed” because of his objection to the congressional certification of the Electoral College vote on Jan. 6, which Democrats say incited the violence at the Capitol that day.

Another Republican senator, Tenessee’s Marsha Blackburn, called on Robinhood to “free the traders.”

“Once again Wall Street is crushing the little person on Main Street,” Blackburn tweeted. “Wall Street bet on America’s decline and got caught. Now, they want to stop hard working Americans from betting on America’s rise.”

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Outrage: Stock broker service Robinhood shuts down trading of GameStop

Popular stockbroker services were accused of manipulating the market by angry social media users Thursday after Robinhood, Interactive Brokers, and others took steps to restrict trading of GameStop, AMC Entertainment, Nokia, and other “volatile” stocks.

The financial world was captivated this week by the
sudden and tremendous rise of video game retailer GameStop’s stock price after millions of individual, non-professional “retail” investors decided to buy the stock in an attempt to “squeeze” hedge fund investors planning to short it. These retail investors, who congregate to discuss their trades on the website Reddit in a forum called WallStreetBets, were successful in driving GameStop’s stock up from about $17 last week to a high of $376 on Wednesday.

The hedge fund investors attempting to short GameStop stock lost more than $5 billion because of the WallStreetBets campaign. After the news of what was happening went mainstream and some financial analysts began accusing the retail investors of WallStreetBets of manipulating the market, popular stockbroker services used by retail traders began restricting trades of GameStop and other shorted stocks caught up in the buying frenzy. Customers awoke on Thursday morning to find that they could no longer buy GameStop, AMC Entertainment, BlackBerry, Nokia, and other stocks, and could only close their current positions.

Robinhood, a company that prides itself on “democratizing finance for all” by letting customers trade stocks on their smartphone app, issued the following statement:

“We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities.”

Margin requirements are the amount of money an investor using Robinhood must have in their account in order to buy a stock.

Interactive Brokers, another stock trading service, also
made a statement explaining the trade restrictions to CNBC:

“As of midday yesterday, (1/27/2021) Interactive Brokers has put AMC, BB, EXPR, GME, and KOSS option trading into liquidation only due to the extraordinary volatility in the markets. In addition, long stock positions will require 100% margin and short stock positions will require 300% margin until further notice. We do not believe this situation will subside until the exchanges and regulators halt or put certain symbols into liquidation only. We will continue to monitor market conditions and may add or remove symbols as may be warranted.”

Customers are furious. Users on the WallStreetBets forum immediately accused Robinhood and other brokers of preventing them from buying these stocks to protect the hedge funds and Wall Street “suits.” Some have
called for a class action lawsuit against Robinhood, writing “allowing people only to sell is the definition of market manipulation.” Others are encouraging other investors to hold their positions, reasoning that Robinhood and other brokers are trying to incentivize users to sell their stocks to bring GameStop and other surging stock prices down.

Barstool Sports President Dave Portnoy became one of the fiercest critics of Robinhood after
he said on Wednesday that he put $1 million into AMC and Nokia stock.

Portnoy blasted Robinhood, accusing the company of siding with the Wall Street establishment over ordinary people who are just trying to get rich.

The controversy has made strange bedfellows. People on the right and the left are uniting to criticize Robinhood and defend the rights of retail traders to take on Wall Street.

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GameStop stock surge: How internet day traders took on Wall Street and beat the experts

Share prices for video game retailer GameStop have shocked and awed over the past week after an online campaign to defy Wall Street expectations has sent the stock soaring.

Where Wall Street saw an opportunity to make money by shorting GameStop stock, an online community of small time do-it-yourself investors rallied to buy up shares in the company, rocketing its stock price to a dizzying 1,600% increase since the beginning of January and costing hedge fund short sellers billions of dollars.

What’s happened has been characterized as a “David. vs. Goliath story” of how trolls and memers on the internet forum Reddit have, at least for now, beat the credentialed expert investors of Wall Street.

GameStop, like many retailers, has suffered during the coronavirus pandemic but for years now has also been confronted with a changing market landscape. Simply put, customers are moving to online retail, buying digital copies of their video games over the internet relying less on brick and mortar stores to buy physical copies of their games.

Last December, the retail chain, facing mounting debt, announced it would close more than 1,000 stores by the end of its fiscal year in March after already closing more than 783 stores in the past two years.

As reported by Business Insider, in 2018, the company had a net loss of $485 million. In 2019, GameStop rebounded slightly, losing $83 million and in 2020, it faced $19 million in net losses.

In a bid to revitalize GameStop, last September investor Ryan Cohen, the founder of the online pet food retailer Chewy, bought a 13% stake in the company and started campaigning for a change of business model. Cohen envisioned GameStop as a competitor to Amazon, pushing for it to transition to online retail and compete in that sphere.

On Jan. 11, GameStop announced it had added three new directors to its board, including Cohen, causing the stock price to surge. At the beginning of 2021, the company’s stock was trading at around $17. CNN recounts that the company’s stock price surged 13% after the announcement, since then has continued to increase by leaps and bounds.

Wall Street observed GameStop’s decline and bet that it would not be able to compete against Amazon. Seeing an opportunity to make money, hedge funds Melvin Capital and Citron indicated they would short the stock, predicting that the increase in GameStop’s stock price was temporary and that prices would soon fall.

As CNBC explains, short selling is an investment strategy where “investors borrow shares of a stock to sell them at a certain price in expectations that the market value will fall below that level when it’s time to pay for the borrowed shares.”

But last Wednesday, the reddit community WallStreetBets entered the equation. WallStreetBets is essentially a messaging board that discusses day trading with some 3 million users who refer to themselves as “degenerates.” After the news broke that Wall Street hedge funds were going to short GameStop stock, members of the community started a campaign for this decentralized group of independent investors to buy up shares in an attempt to “squeeze” the short sellers, forcing them to buy more of the stock they were trying to short to cover losses as its price went up, not down. Many acted as their own stock brokers, using services like Robinhood to trade stocks at home using smartphone apps.

The campaign worked.

CNET reports GameStock blasted from $17.25 a share to a high of $159.18 on Monday. On Tuesday the stock price fell, before rising back up to $147.98. Then the market rally drew the attention of Tesla CEO Elon Musk, who tweeted about it, causing more people to pay attention to what was happening, after which the stock price soared again. As of Wednesday morning, GameStop stock was trading at $315 per share.

The astounding success of the Redditors’ campaign has some members of the WallStreetBets community attempting to replicate what they’ve done with AMC and BlackBerry. As for the short sellers, Melvin Capital was forced to close out is short position Tuesday afternoon after taking massive losses. CNBC could not report the amount Melvin Capital lost, but did note that “Citadel and Point72 have infused close to $3 billion” into the hedge fund to cover some of the losses.

For some of the Redditors, the whole episode was a joke. “It was a meme stock that really blew up,” WallStreetBets moderator Bawse1 told Wired. “The massive short contributed more toward the meme stock.”

In total, short sellers have lost more than $5 billion year to date in GameStop stock. Credentialed investors have expressed incredulity and anger at the Redditors’ investments, with hedge fund manager Michael Burry saying in a now-deleted tweet that what they had done with GameStop was “unnatural, insane, and dangerous.” Burry, who became famous for betting against the housing bubble and was the subject of Michael Lewis’ book, “The Big Short,” also said there should be “legal and regulatory repercussions.”

But the “degenerates” argue what they’re doing is no different from a hedge fund taking action to manipulate a stock’s price. As Vox reported:

From more traditional investors (and those with a lot of money), there’s been a lot of finger-wagging. But giant banks and hedge funds aren’t exactly a bastion of responsibility — take a look at the role they played in the financial crisis.

The animosity flows both ways. In a post titled “An open letter to CNBC” this week, one WallStreetBets Redditor pointed out that much of the network’s audience is composed of the retail traders who are now being criticized. “Your contempt for the retail investor (your audience) is palpable and if you don’t get it together, you’ll lose an entire new generation of investors,” the Reddit user, RADIO02118, wrote.

The user pointed out that the hedge funds that take on big risks can get a bailout — as one of the ones shorting GameStop did — whereas everyday investors generally can’t: “We don’t have billionaires to bail us out when we mess up our portfolio risk and a position goes against us. We can’t go on TV and make attempts to manipulate millions to take our side of the trade. If we mess up as bad as they did, we’re wiped out.”

Well, one difference may be how the little-guy investors are using their newfound wealth. Many users are posting about how they can afford medical bills, pay off student debt, or cover over major life expenses.

“I can now write my mom a check and put my sister through lymes treatment. This has been a very rough year, but I’m so thankful for every single one of you,” wrote u/Stammbomb in one post.

Another user, u/MasterTheGame, posted about how after investing in GameStop when it was $97 per share he can now afford a $4,000 knee surgery for his dog. “This morning after market open I was able to sell enough to pay for his TPLO surgery! I am in tears and really grateful. Thank you everyone and good luck!” he said.

As user Stylux put it to Vox, “Some of the users can now pay off their car notes, student debts, feed their kids and pay their mortgages. Who can feel bad about that?”

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TRUMP SIGNED $600 STIMULUS: CAVED BIG-TIME?

This article was contributed by The Wealth Research Group, and we deem it important!

In 2020, our inbox got filled after each and every letter we published that mentioned either Trump or Biden; it’s like walking on eggshells. I want to address this topic of favoritism or bias towards either Republicans or Democrats, Biden or Trump, America First or Globalism, socialism (communism) vs. capitalism, free speech or censorship (Section 230) and all the other highly inflammatory subjects that Americans, from both sides of the aisle, are not seeing eye-to-eye on and find no middle-ground to compromise on.

Hopefully, this will put to rest any confusion about where we stand on these issues and, instead of a flood of emails each time we express commentary, there will be an understanding of expectations, so that you’ll see our point of view.

The first thing to note is that we have heard and looked into all of the arguments from both sides:

* We have heard and looked into Trump supporters consider the following to be indisputably true: Joe Biden is a pawn of the Chinese Communist Party (CCP), the mainstream media and tech giants are suppressing the evidence of voter fraud (creating a false narrative), they’re purposefully not reporting about Hunter Biden’s legal issues (since it would have reflected horribly on Joe’s presidential aspirations), globalists agendas are hijacking America’s middle-class jobs and sending them overseas (the Deep State and its operatives), bankrupting the wealth of the average American (through debt and currency creation). They are also rewriting history and creating a radical left policy (“woke” Americans and “Cancel Culture”), which will rob Americans of their God-given rights and freedoms set forth by the Constitution, by trampling all over it (propaganda and BLM, for example). If Biden gets his way, America is toast and there will be nothing to stop Democrats on their quest to implement their own version of 1984.

On the flipside, Americans who hate President Trump also believe they’ve got all of their ducks in a row and take the following to the bank:

* We have heard and looked into what they live and swear by, which are the following: President Trump is a liar and a clown, who is not to be trusted. He destroyed America’s prestige among world leaders by ruining relationships with other countries, disregarding climate change, colluding with Russia, creating racist policies, helping his friends with favors, exaggerating and cheating, allowing people to die from the pandemic by not sticking with the science (he closed the borders first, but did not enforce masks…) and creating a more dangerous Middle East by removing troops, creating a power vacuum that terrorists will fill instead.

We are well aware of, highly familiar with and constantly checking various media sources in order to absorb all narratives and digest the data from all angles.

We listen to many channels, which have been taken down from YouTube and now publish on alternative platforms and we also listen to the mainstream narrative, in order to understand where most Americans (certainly most of millennials) get their “facts” from.

There are no blind spots or areas where we’re being naïve or complacent. There are no areas where we’re bending over and accepting tyranny or allowing any media source to dictate reality to us. By wearing a mask, we are not saying that CNN is right and by not wearing one, we are not saying that coronavirus does not exist and that this is all 5G-related. Said differently, we are not “persuaded” or brainwashed.

We’re not a political publication at all, but because politics is woven into the market behavior, we certainly must comment on it, which creates friction, when the letter does not conform to the reader’s view of the world. It’s impossible to publish any worthwhile insight, without aggravating a single soul, unfortunately.

Therefore, whenever we incorporate politics into our letters, it is done for the purpose of showing not what WE believe is the truth about Biden, Trump or their respective agendas, but what “the street” (which is to say Wall Street) believes to be the truth, since our mission is to highlight financial and investment opinions and reporting.

If I think the moon landing never happened, that the Earth is actually flat and that Area 51 is filled with aliens and I’ve got all the supporting evidence to back these claims, it will do me no good from a financial perspective, if Wall Street is not trending in this fashion.

Over 80% of money invested in stocks is transacted by large funds and massive pools of wealth, and Computer Algorithm Trading, so the value of knowing what the street is thinking is ENORMOUS.

If, for instance, you believe that Joe Biden is going to hand over American interests to the Chinese, or, on the flipside, you believe that four more years of Trump will result in America losing its respect with world leaders, the BEST and first thing you can do in either case is become financially independent, so that you can protect you and yours from what’s coming.

Your highest priority in life should be to live your BEST LIFE, since politics will never be just how you want it. One cannot be a victim of the times he is living in and this doesn’t mean being silent about injustices or not saying what you believe, but it does mean to not allow these issues to bring your quality of life down with them!

Bottom line: our publication projects the sentiment of the street, not that of the author, because the street is what matters!

After we release information, we dissect the potential opportunities it creates. This is how we showcased Bitcoin at $450/coin, when Jamie Dimon was threatening to fire employees, who traded it. We saw that the street was bullish. We released information and offered our opinion. This is how we turned bullish on stocks in late March, when we saw the FED would do anything to get the markets functioning again.

When we say that one should tolerate the opinions and notions of the very people he despises, we do not mean one should ACCEPT them by any stretch of the imagination. If someone came to me explaining Marxism, for example, I would listen with an open mind in order to understand how he thinks about the world, but his opinion would then be challenged with facts, from my part. I refuse to accept bullshit and unsubstantiated opinions, but I also refuse to be closed-minded, impatient or not exhibit courtesy, by turning away. Tolerating does not equal agreeing with or succumbing to the other side!

It means that we respect the diversity of opinions and the right of others to believe what they want. In the end, we lead by example; therefore, openly discussing issues and getting down to the root causes of why people think certain thoughts will help rid the world of foolish notions. Not being tolerant actually adds fuel to their convictions and puts them on the defensive and back them into a corner. We see it with teenagers all the time; whatever a parents warns them not to do, that’s what they’ll be obsessed with doing to spite their folks.

So, after this long background explanation of the purpose of this newsletter, know that when we state that President Trump just signed into law the $600 stimulus checks, there will be those who claim that he had caved, while others would reject that and believe that it’s part of his greater strategy.

Both could be right, but where is the VALUE in analyzing it?

The value is in understanding what the big money thinks, because that’s where opportunity exists. This is the main mission of our newsletter, which deals with financials.

The street is convinced that 2021 will be a bit more inflationary than in recent years and that’s important for you to know!

With the Treasury General Account holding $1.5tn, which they’ll spend into the real economy, with oil prices and agricultural commodities breaking out and with the GSCI on the verge of breaching a 12-yr resistance line, that’s the most important piece of information from a financial point of view – which is what you’ll always get from us.

Courtesy: Zerohedge.com

The post TRUMP SIGNED 0 STIMULUS: CAVED BIG-TIME? first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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ENTRAPMENT: Globalists Plan GREAT RESET!

This article was contributed by Portfolio Wealth Global. 

To what extent is your life subject to the influences of the world’s leading globalist think tanks? The answer is that if you don’t own a business that is designed to win in this post-COVID world, your life is very much susceptible to the whims of the elites.

Americans find themselves unable to find jobs because the high-paying ones require specialized training that takes years of education to reach and good financial backing to pay for tuition, whereas opening a home-based operation could be the best move one can make right now!

Courtesy: Zerohedge.com

As you can see, the market is seeing past the virus. It’s pricing in reopening, a recovery, and a return to a world with fewer restrictions, but are you ready for this world?

Employers won’t be quick to hire. In fact, many large businesses are now cutting back, laying off, and resizing.

One day you are part of a steady organization and the next you’re being told that your services are no longer needed. Governments can only control those people that are like sailors without a compass, allowing the wind to carry them where it wants to.

Courtesy: Zerohedge.com

 The data is clear as day, though. Main Street is decimated. If you believe that (1) stimulus checks, (2) enhanced unemployment boosts, (3) rental relief, and (4) mortgage forbearance are here to stay, you do not understand just how much deficit spending is required to keep tens of millions of Americans afloat by enslaving taxpayers and future generations.

Instead of letting the government take over your life, make the following necessary steps to generate more income today:

  1. Do Micro-Jobs on Fiverr

You’ve got skills that you can market and not every gig has to involve big commitments of time and resources. On Fiverr, you can do as many or as few “micro-jobs” as you’d like to do without affecting your regular 9-to-5 job.

Specifically, the price range for services on Fiverr ranges from $5 all the way up to $10,000, and more than 50 million transactions have been facilitated on Fiverr so far.

A gig is purchased every four seconds on Fiverr and you could be the next seller to book a profit.

  1. Write Resumes

Everyone can use a resume upgrade and you might be able to hustle some extra cash if you’ve got the writing skills to add some polish and professionalism to people’s CVs.

In some cases, you might also be tasked with creating someone’s resume from scratch, so be prepared to ask plenty of questions (but don’t get too invasive, please).

The first step would be to consider getting certified as a professional resume writer. Some agencies that might hire you as a resume writer will require this step. Here are three organizations that offer this type of certification:

Once you’re certified (if you choose to take that step), where can you find work as a professional resume writer? It won’t hurt to offer your services in your LinkedIn, Facebook, and Twitter feeds (don’t forget the hashtags!). Along with this, you can sign up to work with resume writing platforms such as Boardroom Resumes and Resume Yard.

Courtesy: Zerohedge.com

After the fastest-ever rally, our five watch lists have, of course, delivered over 48 companies that have risen by double-digits, even doubling.

Even the ones we published in September and October right before the elections contain several companies that are up by 30%-50%!

The bottom line is that the American way is to prop the stock market, inflate housing prices, and impoverish the average worker.

BREAK THE CYCLE; STRIKE IT ON YOUR OWN!

The post ENTRAPMENT: Globalists Plan GREAT RESET! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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For The First Time, Wall Street Admits That “Civil Unrest” Could Crash Markets

This article was originally published by Tyler Durden at ZeroHedge. 

Earlier today, we reported that sentiment in the latest Bank of America Fund Manager survey was so bullish, even survey organizer, BofA Chief Investment Officer Michael Hartnett, said it’s time to turn bearish for the near-term and “sell the vaccine” because Wall Street has gone “full bull”:

The most bullish Fund Manager Survey (FMS) of 2020 on the back of vaccine, election, macro; Nov FMS shows a big drop in cash, 20-year high in GDP expectations, big jump in equity, small cap & EM exposure; reopening rotation can continue in Q4 but we say “sell the vaccine” in coming weeks/months as we think we’re close to “full bull”.

Yet while there were several other observations in the survey (the full report can be found here), all of which confirmed what we had previously seen in the latest AAII survey, namely that virtually every trader is now super bullish…

… what caught our attention was not among the list of euphoric superlatives, but was hidden deep inside the risk factors.

We are referring to what the survey respondents defined as the biggest threat: while at the top, for the 8th consecutive month, covid was seen as the biggest “tail risk”…

… what we found remarkable is that after “tech bubble” in 2nd place in the list of biggest tail risks, “Civil Unrest” suddenly popped into 3rd place, after not being cited as a notable risk in any of the previous BofA surveys.

So what’s going on here, is Wall Street really starting to worry about what we first said back in 2010 – much to Time Magazine’s mockery – that the Fed’s disastrous policies would eventually push US society to armed conflict and/or to civil war. While it may be easy to dismiss such fears as hyperbolic, consider what otherwise level-headed Bloomberg macro commentator (and former Lehman trader) Mark Cudmore wrote overnight in his latest lament that markets are so broken, that in the end, it will all “end in tears”, either in the form of collapse of fiat currency or through “political revolution”, read armed conflict.

Which brings us back to square one. Because in a world where a handful of traders are the most bullish they have been in 20 years while the living standards of tens of millions of Americans are absolutely dismal with the economy on the verge of yet another depression-causing shutdown, the flashbacks to the days just before the French Revolution are all too real.

We leave you with Cudmore’s full dystopian comment on what comes next:

It has paid off this year to just enjoy the forest rather than study the trees. More than ever before, markets are rewarding investors who have the ability to embrace a strong narrative over those who focus on analysis and details.

I have rarely experienced such a large gap between my confidence in the future of the largest market drivers and my lack of conviction in where the risk-reward trades lie. There’s a large cohort of the market suffering from the same dilemma but many others are thriving.

The winners are the people smart enough to recognize the reinvigorated power of an old market adage: “Don’t fight the Fed.” The influence of central banks is now pervasive in all markets — not just bonds, credit and stocks, but also cryptocurrencies and art.

Ironically, the incredible impact of central bank policies stems from their powerlessness to achieve a narrow mandate. With limited success in boosting inflation in the face of a global pandemic, they have resorted to fueling the only price gains they can guarantee: financial assets and investments.

Since March, Bloomberg’s Markets Live team has joked internally that the answer to any question is “Buy stonks!” (the typo an intentional reference to the “hodl” meme that successfully encapsulated a similarly unsophisticated winning strategy in crypto) and that any negative news is just a “dip-buying opportunity” in this post-truth world.

These comments were most often thrown out by the cynics on the team, but it’s the wise minority who realized their power. A month ago I highlighted that risk-reward analysis has become reward-analysis and yet I’ve struggled to embrace this new era myself.

I too often delve into whether a narrative has become over-priced in an asset class, when such an approach should now only be applied to a small subset of negative stories. For positive ones, there’s no such reason to question their longevity, as they will naturally morph into a fresh bullish narrative — one with different protagonists but a similar outcome, just like in The Neverending Story.

So where do we stand? Interest rates will stay low for a long time to come; any violent market selloff will be dealt with by extraordinary policy steps; the virus will ultimately be contained but not until after many more fatalities, lost livelihoods and corporate bankruptcies; e-commerce, telecommuting and cashless transactions have seen a permanent boost; the inequality gap grows ever larger and the political frustrations ever deeper.

What does that mean for investors? No idea! Well, that’s not true. Deep down I think we all know what this means but some are better at embracing this paradigm wholeheartedly.

The path will be volatile but selloffs are indeed dip-buying opportunities. It will end in tears at some point, maybe through political revolution or perhaps the collapse of fiat currency, but that time could be many years away and shouldn’t influence how you operate today.

To quote Charles Prince, the CEO of Citigroup until the eve of the financial crisis: “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance.”

Sure, he soon resigned and was asked to testify before Congress about the millions of dollars in exit pay he received after the bank lost billions on subprime mortgages. But his words bring to mind this year’s winners who can dance in the forest without noticing the trees.

The post For The First Time, Wall Street Admits That “Civil Unrest” Could Crash Markets first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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The Federal Reserve Is “Fighting the LAST BATTLE!”

The central bank of the United States, the same one that creates dollars out of thin air, is “fighting the last battle.” Things are going to get a lot worse, and it’s all by design.

The goal is a full control centralized dollar and dependence on the system for a universal basic income. In other words, complete slavery is the ultimate final goal of the New World Order. The central banks are in control right now, the dollar is collapsing, and this is all being done on purpose.

The Fed won’t be changing anything dramatically with regards to their monetary policy, and if you already know what the end game is, you know this.  The “last battle” they are fighting now is for ultimate control over every single transaction of all human beings.

Interest rates will be allowed to drop even further and the dollar will be destroyed all while Americans continue to struggle to put food on the table and the corporations get ridiculously wealthy. Last night, Greg Mannarino uploaded his “Market Wrap Up” and tried to remind those listening of what is really going on.

 

“They are on a mission to own it all,” says Mannarino of the Fed’s ultimate plans. “They’re gonna buy more debt, they’re gonna issue more debt, and they’re gonna melt the dollar…nothing is gonna change here. The goal of these central banks is to inflate massively. Debts and deficits are going to balloon.”

Mannarino continued, saying:  “It’s pretty obvious and it should be to anyone that things are going to get monumentally worse by design...it’s all a scam. This entire thing is a charade, it’s fake.”

The United States alone has Great Depression levels of unemployment, half (or more) of small businesses are gone for good, never to return, meanwhile, Wall Street executives are ettin the biggest bonuses in history this year. Let that sink in. There is no recovery. There was never meant to be.

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SCRATCHING TIRES: Why Gold COULD TANK!

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

Gold is currently trading for JUST UNDER $2,000/ounce and Wall Street firms have issued PRICE TARGETS of $2,500 and $3,000. But I want to also present the INVERSE CASE since it’s important to understand that (1) commodities don’t go up in a straight line and that (2) NO ONE knows what the future holds.

We’re not predicting gold crashing, but we are DEFINITELY raising the point that gold is enjoying its best year since 2010 and that silver has SURGED BY 150% since March!

Therefore, my goal today is to ENSURE that you’re aware of the roadblocks ahead since gold might test the $1,900/ounce mark and silver may CRASH BY $2 or $3 in AN INSTANT before they both eventually RAISE HELL and hit new highs!

The best way to hedge this is to have cash LINED UP in case commodity prices fall so that one could buy more ounces, while he takes profits on miners now, BOOKING GAINS.

Courtesy: ZeroHedge.com

As you can see, REAL YIELDS might have bottomed and, IF THAT’S THE CASE, gold and silver might have peaked for the time being (2-4 months).

There are TWO SURPRISES that can tilt the odds back in precious metals’ favor, THOUGH: (A) the upcoming elections and (B) INFLATION overshooting.

You can position for both of these AT THE SAME TIME, thus creating proper diversification in your portfolio.

The way to do that is to HAVE EXPOSURE to the comeback stocks, the dominators in the industries that Covid-19 has disrupted most.

The reason for this is that if these sectors go back to normal, gold’s USE-CASE as a chaos hedge is diminished, but SILVER’S ROLE as an industrial metal is heightened!

We are about to release our CORONAVIRUS VICTIM COMEBACK Watchlist and if it’s as good as our previous three watchlists, HUGE RETURNS are in store.

There’s a boatload of LIQUID CASH on the sidelines, so just understand that with 300 out of the 500 companies on the index DOWN IN 2020, it is the index that is overvalued, but not the components of it. Basically, 10 companies have pulled it up, while 300 are holding it back.

Another reason we anticipate SURPRISE INFLATION is the boom in residential real estate. If REAL RATES have bottomed, many mortgage applicants will begin TO RUSH into the market, anticipating higher interest payments in the YEARS AHEAD.

That’s money-multiplier velocity, which is REALLY GOOD for commodities as well.

As you can see above, while millennials have pounded prices up for TSLA shares and other “story” companies, the professionally-managed funds are NOT BULLISH yet, so we like real estate right now.

Courtesy: Zerohedge.com

Lastly, I want to address the topic of CORRECTIONS and PULLBACKS.

Yesterday, I put Virtual Reality goggles on and simulated an F-16 flight, which included throttling ALL THE WAY forward and then BRAKING HARD a couple of seconds afterward, in order to INCREASE RESULTS.

That’s what I believe is happening right now; every pullback shows you where SUPPORT IS.

Getting shaken out is easy; staying LONG is hard.

We’re in a bull market for equities, real estate, precious metals, and Bitcoin; CASH IS TRASH!

 

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SCRATCHING TIRES: Why Gold COULD TANK!

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

Gold is currently trading for JUST UNDER $2,000/ounce and Wall Street firms have issued PRICE TARGETS of $2,500 and $3,000. But I want to also present the INVERSE CASE since it’s important to understand that (1) commodities don’t go up in a straight line and that (2) NO ONE knows what the future holds.

We’re not predicting gold crashing, but we are DEFINITELY raising the point that gold is enjoying its best year since 2010 and that silver has SURGED BY 150% since March!

Therefore, my goal today is to ENSURE that you’re aware of the roadblocks ahead since gold might test the $1,900/ounce mark and silver may CRASH BY $2 or $3 in AN INSTANT before they both eventually RAISE HELL and hit new highs!

The best way to hedge this is to have cash LINED UP in case commodity prices fall so that one could buy more ounces, while he takes profits on miners now, BOOKING GAINS.

Courtesy: ZeroHedge.com

As you can see, REAL YIELDS might have bottomed and, IF THAT’S THE CASE, gold and silver might have peaked for the time being (2-4 months).

There are TWO SURPRISES that can tilt the odds back in precious metals’ favor, THOUGH: (A) the upcoming elections and (B) INFLATION overshooting.

You can position for both of these AT THE SAME TIME, thus creating proper diversification in your portfolio.

The way to do that is to HAVE EXPOSURE to the comeback stocks, the dominators in the industries that Covid-19 has disrupted most.

The reason for this is that if these sectors go back to normal, gold’s USE-CASE as a chaos hedge is diminished, but SILVER’S ROLE as an industrial metal is heightened!

We are about to release our CORONAVIRUS VICTIM COMEBACK Watchlist and if it’s as good as our previous three watchlists, HUGE RETURNS are in store.

There’s a boatload of LIQUID CASH on the sidelines, so just understand that with 300 out of the 500 companies on the index DOWN IN 2020, it is the index that is overvalued, but not the components of it. Basically, 10 companies have pulled it up, while 300 are holding it back.

Another reason we anticipate SURPRISE INFLATION is the boom in residential real estate. If REAL RATES have bottomed, many mortgage applicants will begin TO RUSH into the market, anticipating higher interest payments in the YEARS AHEAD.

That’s money-multiplier velocity, which is REALLY GOOD for commodities as well.

As you can see above, while millennials have pounded prices up for TSLA shares and other “story” companies, the professionally-managed funds are NOT BULLISH yet, so we like real estate right now.

Courtesy: Zerohedge.com

Lastly, I want to address the topic of CORRECTIONS and PULLBACKS.

Yesterday, I put Virtual Reality goggles on and simulated an F-16 flight, which included throttling ALL THE WAY forward and then BRAKING HARD a couple of seconds afterward, in order to INCREASE RESULTS.

That’s what I believe is happening right now; every pullback shows you where SUPPORT IS.

Getting shaken out is easy; staying LONG is hard.

We’re in a bull market for equities, real estate, precious metals, and Bitcoin; CASH IS TRASH!

 

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TIME’S UP: THIS CRAP AIN’T CHEAP!

This article was contributed by James Davis of Future Money Trends. 

This might be the MOST IMPORTANT letter I’ve published since this pandemic GOT STARTED.

In essence, the global markets are now CLEARLY DIVIDED between FOUR DISTINCT sectors:

  1. FAAMG stocks: These are the MEGA-GIANTS and they’re so much more valuable than the other companies that they’re not even in the SAME UNIVERSE. For example, Apple Inc. is already worth over $2T, with a P/E ratio of 37, com is worth $1.7T, and Microsoft is worth $1.7T as well, with a P/E ratio of 37, and Facebook and Google are also trading at these valuations.

These companies are FAR FROM CHEAP but they’re certainly not in a bubble when considering the alternatives.

  1. Robinhood Platform Stocks: This is where a RAGING BUBBLE is going on, which will END BADLY in very SHORT ORDER.

The darlings of this trading platform don’t have COMMON SENSE and they hold stocks for days, perhaps weeks, just enough so that someone else will pay more for them, but the game of MUSICAL CHAIRS will end and it won’t be ANY FUN.

I expect to see companies that go under, stocks that crash by 30%-50%, and plenty of pain since this bubble depends on credit and stimulus and it does not represent OR MIRROR REALITY.

  1. General Equities: Many companies are trading at FAIR VALUATIONS and can be looked at in the context of long-term investments.

We’ve published THREE WATCH LISTS and there are a select few that trade below their LIMIT ORDERS right now.

The fourth economy is the REAL ECONOMY; here, credit and leverage do not play a POSITIVE ROLE. Here, honest and hard-working people deal with what’s available and get NO AID and no blanketed bailouts.

These people, the small business owners, and Main Street enterprises that are the LIFEBLOOD of the economy since they deal in REALITY, not in credit, are FALLING BEHIND.

The system is not directly rigged AGAINST THEM, but it ends up being to their detriment at the end of the day.

Courtesy: Zerohedge.com

This STRUCTURAL PROBLEM is displayed in the following chart, which shows that credit, translated into HIGH ASSET PRICES, is rising faster than GDP does, so much so that we are in uncharted waters on this front.

It introduces many challenges to the life of the average person, who isn’t IMMEDIATELY DRAWN into the world of credit since they are attracted to what they can access, which is the REAL ECONOMY.

The few who are either from the right background or understood the system early on go into the world of credit, but the majority GET SUCKED INTO a frozen capsule of time, in which real wages do nothing for THREE DECADES.

Misuse of credit has destroyed the real economy and has created many terrifying and unintended consequences.

The people that benefit from this are not the majority, so frustration BOILS INSIDE until it finds an outlet.

Courtesy: Zerohedge.com

We have two economies, but the DISCONNECTION IS TEMPORARY.

When gravity takes hold of markets, it’s the Robinhood darlings that go down first.

At that point, don’t be surprised to see A WAVE OF DEFAULTS.

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PULVERIZED: Cash Malfunctioned – BRACE FOR IMPACT!

This article was contributed by James Davis of Future Money Trends. 

Governments and central banks are making A JOKE out of cash. Most people are living paycheck to paycheck or, AT BEST, have savings equal to 90–180 days of expenses, so to them, CASH IS KING because they have none, but if you’re an investor, cash IS DEAD.

Governments and central banks are SCREAMING AT the markets to steer clear of cash; the entire system is designed to signal that fiat currencies are not PURCHASING POWER preservers, but simply government-mandated mediums of exchange.

Nothing shows the NEGATIVE IMPACT of the debt bubble on the real economy more than the chart of Berkshire Hathaway’s stock price compared to gold’s spot price.

Berkshire Hathaway owns insurance, railroads, banks, low-tech, and furniture, among other holdings and it has nothing to do WITH GROWTH companies, save for owning a large stake in Apple Inc., but that hardly counts since it began positioning in it just a couple of years ago.

Main Street, the real economy, has BEEN PULVERIZED as well by the slashing of interest rates and the fueling of the bubble economy.

Courtesy: U.S. Global Investors

Buffett is operating UNDER THE ASSUMPTION that current conditions can’t last forever, which they can’t, but they can LAST FOR DECADES, and they are. No one could have imagined interest rates staying so low for so long.

Just 12 years ago, had anyone gone ON RECORD laying out how the global economy would be in 2020, not ONE IN A MILLION would have been able to come even remotely close to envisioning this scenario.

This is why beating the S&P 500 is SO DIFFICULT.

Most investors just can’t BRING THEMSELVES to believe that owning equities through thick and thin works, but reality keeps proving otherwise.

Emotional reactions to PRESENT EVENTS are so strong that panic and greed fight each other, and it’s not an EASY BATTLE to win.

This is why I “live” markets; I hold onto no particular opinions if they’re outdated, and my biggest fear is that I don’t breathe the SAME AIR the markets do. My message is that one must be constantly evolving in order to STAY ENGAGED.

Courtesy: Zerohedge.com

Who could PREDICT IN ADVANCE that governments would be able to print trillions in new currency units without causing COMPLETE DISTRUST in the system?

Predicting is impossible, while quickly reacting to realities is ARTWORK.

The powers that be have put so much money in the hands of the average person that the recession was VERY QUICK and the whole debate now surrounds what it will do next. If the stimulus packages keep coming then we’ll have one outcome, while if the government sets the THROTTLE ON IDLE, the next year will be hard to stomach.

Predicting is impossible, while REACTING QUICKLY is the science of proper diversification.

 

Courtesy: Zerohedge.com

As you can see above, there’s AN ENORMOUS trend in play, with tech being the GREAT BENEFACTOR of the past decade in terms of market returns.

Can the winds of change reverse this and bring a decade of VALUE INVESTING back when P/E ratios matter?

There’s no way of knowing, but what is clear is that stocks, as represented by the S&P 500, are mostly down in 2020, save for the BIG FIVE.

This is a STOCK PICKER’S heaven, so we issued our THIRD WATCH LIST.

On top of that, we’ve found an incredible opportunity in a sector that has MASSIVE UPSIDE and can serve as a diversifier, while gold remains our top focus.

We’ll be PUBLISHING CRITICAL DATA on it this week, so stay tuned!

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

In a recent interview, author Robert Kiyosaki spoke with Lior Gantz of the Wealth Research Group.  The two discussed the economy and the future of gold, silver, and bitcoin as the Federal Reserve continues its money printing scheme.

Kiyosaki is the author of the book Rich Dad, Poor Dad. He also co-authored a book with president Donald Trump called Why We Want You To Be Rich. In this interview, Kiyosaki explains where he thinks fiat currency is headed and where metals and cryptocurrencies will end up.

This economic disaster will be a deep crisis spanning years, not months. Because of that, Kiyosaki says you should prepare now, as things are not set to improve any time soon. To see a special report put together by Gantz, click here. 

Robert Kiyosaki: What The Elites Don’t Want You To Know

Kiyosaki says that financial education is vital and he started to understand the monetary system after the United States took the dollar off the gold standard. He says, “when they did that, they basically cheated the world.” That meant the U.S. could simply create as much money as it wanted, and the Federal Reserve was all too happy to do that. “That’s why the rich don’t borrow money. Because the U.S. dollar is fake. We couldn’t keep up this fakeness if we didn’t have the most powerful military in the world.” And oddly enough, the military was funded with that same fake money created out of thin air. “Nobody would put up with that bullshit.”

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

Kiyosaki says that’s when he became a “gold bug.” He decided to get back to “God’s money,” which is gold and silver. “I don’t care what my criminal country does, our Reserve bank, Wall Street, all that. You know, they’ve ripped off the world.” Once you understand how the financial system in the U.S. works, you go “ok. I’m dealing with the Mafia,” adds Kiyosaki. “Once you know that, you can become a warrior.”

What’s coming next is a pension crisis and it will be in the trillions. They’ve looted the pensions of Americans, and most have yet to figure this out.  After that comes the artificial intelligence crisis and all the “college graduates are toast.” Once the pandemic is gone, the biggest problems in American will surface. Kiyosaki prepares by converting his U.S. dollars immediately into gold, silver, and bitcoin. The magic trio that will withstand the dollar’s demise.

LP(S) – trio

“You’ve got to know, the problem is the money. Gold and silver are God’s money. Bitcoin is people’s money,” Kiyosaki said. “You can’t mess with it. It’s decentralized money.”

When Gantz asks Kiyosaki what America can do to recover, he doesn’t have a great response. “America’s finished. Democracy only lasts 200 years. It’s over. We’re now becoming a Marxist society.” He says “I don’t give a shit about my government. I’ll tell you that. I don’t trust them…and I don’t go to the stock market because that’s the American mafia. Every democracy ends…American’s going to Hell right now, and it’s because we’re a corrupt nation.”

Kiyosaki then unloads on president Donald Trump. “The problem with Trump is he’s a bully and he picks on people he shouldn’t pick on.”

Wealth Research Group has put together some reports that are free and could be considered essential reading in this volatile environment. If you are interested, please use the links below.

Gold Playbook

Kiyosaki’s “Magical Trio”

Principles for Lifelong Prosperity

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SUITED AND BOOTED: Inflate Or Die – GOLD $3,000!

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

I’m currently reading Stephen Schwarzman’s book, What It Takes, which talks about his life journey from middle-class Philadelphia to being worth $18.7B – all self-made.

Schwarzman is co-founder of Blackstone, which is the world’s most profitable private equity firm, with an emphasis on real estate.

I find that he is one of the most open-minded investors of our time. He’s extremely tolerant to any and all ideas, a trait that has helped his firm be a pioneer in many ways and pave the way for others.

In the book, Schwarzman discusses his period at Yale, where the famous Skull & Bones society is shrouded in mystery. Many presidents were initiated into it, as well as prominent captains of industry.

Schwarzman became a member one year after George W. Bush was admitted in. Going through the list, you’ll find past presidents, many speechwriters, senators, Supreme Court justices, bankers, and even Treasury Secretary Steven Mnuchin, who has been a member since 1985.

The first rule of this elite club is that you can’t talk about it.

What’s funny is I don’t need to know what they’re discussing since it’s pretty obvious by their works: PRINTING ENDLESS NEW CURRENCY UNITS.

It’s like we’ve all been admitted since the big secret is out: print until the restructuring day is forced upon the
U.S. banking system by the Chinese bloc.

Courtesy: Zerohedge.com

What Washington is telling you is exactly what ALL POLITICIANS are saying to our generation: fiat currencies are TRANSACTIONAL TOOLS, not means of storing purchasing power.

If you lend Washington money for a decade, you’ll receive a 0.61% yield, compared with nearly a 2% dividend yield for the most expensive stock market in history, represented by the S&P 500.

The globalists are telling you
to SAVE IN GOLD.

Since 1985, the year our current Treasury Secretary was admitted into the Skull & Bones society, the dollar has lost 60% of its purchasing power.

What cost $100 back then now sells for $246.

In 1985, one ounce of gold cost $317. Today, that same ounce costs $1,820. This represents an even greater gain in purchasing power.

Ray Dalio, another self-made billionaire, didn’t attend Yale, but like Schwarzman, he graduated from Harvard Business School. Very few hedge fund managers have studied the topic of reserve currencies as much as he has.

Dalio has become a controversial figure in recent years, but one thing is certain: Dalio is NOT AFRAID of speaking his mind against financial and monetary lunacy.

Courtesy: Zerohedge.com

As you can see by the ELEVATED CASH LEVELS, held by Wall Street heavyweights, most hedge fund managers are fearful of entering stocks, but Dalio’s mantra is that CASH IS TRASH.

His way of looking at stocks is unique since he likens them to bond-replacers and HE’S RIGHT.
The world’s biggest companies are in STELLAR FINANCIAL SHAPE, full of cash and growing by the second.

Therefore, they’re clearly SAFER THAN government bonds.

Think of the whole matter in this way: if you’re on top of a hot air balloon that had a tear in its fabric, and your only option is to INFLATE, would you do that or pick CERTAIN DEATH?

Inflate or die
is the central banks’ only dilemma. Judging by history, they will not willingly go to the grave.

Own Gold!

 

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MARKET CRASH IMMINENT: 2ND Imaginary Wave UPON US!

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

Get ready for the MOST TURBULENT period of your life. Between now and the November elections, you will be subjected to BLATANT LIES and to WORLD-CLASS BULLSHIT from every which way.

The office of president has never been so TARNISHED by the interests of the shadow government than it is today.

You are not going to believe how VICIOUS AND CRUEL the media will get in their attempt to influence the result.

Courtesy: Zerohedge.com, Deutsche Bank

The agenda should be VERY CLEAR to you: quarantine Main Street, vaccinate the populous, track with GPS more and more regular citizens (“for their own protection”), prop up Wall Street and get back to globalizing the workforce, weakening the American middle class, which is the wealthiest generation of non-elites to ever exist.

When America’s millionaires and billionaires own the equities, the reasoning behind many of the Federal Reserve’s programs becomes VERY CLEAR.

The next stage is SCARING EVERYONE that the 2nd wave is here. The way they’re attempting to do this is by RAMPING UP testing, which will reveal that tens of millions are infected and then use that as the excuse to close down again.

Notice who profits from shutdowns; the low-wage earners are the BIGGEST VICTIMS, while the Trump administration, which up until February could have bragged about the lowest unemployment rate ever, lost all grip on the jobs market, especially of minorities.

Courtesy: U.S. Global Investors

Obviously, with this as the BEST QUARTER in 22 years, you understand that there’s a PRIORITY PROBLEM in this country.

Companies are laying off employees, an act that has now been coined under a new term, “Right-Sizing,” which is a codeword for giving one person the workload of five – and shareholders are celebrating.

In the next few days, if states aren’t SERIOUSLY REALIZING how much hardship closing businesses back down will be for countless households, we will see BACKLASH AND REVOLT.

There is NO NEED for life to stop because of Covid-19. We can both continue functioning normally and protect the segments most at risk.

Don’t be pressured into thinking that you are the WEIRD ONE for wanting to get your life on track, while the virus keeps on spreading.

Courtesy: U.S. Global Investors

While the retail public and the pension funds GO BACK into buying the most expensive stock market in American history, Bank of America, Goldman Sachs, Ray Dalio, Paul Singer and central banks themselves, are BUYING GOLD and predicting that 12 months from now the price will be north of $2,500/ounce.

They’re hedging this unsustainable bubble.

Closing down bars, restaurants, and gyms, on top of other recreational areas, DOES NOT only depress the mindset of the country, but leads to riots, looting, militias forming, and FURTHER DIVISION.

We are entering a DARK PERIOD in which you’ll be tested as a person.

Don’t lower yourself to their level; STAND FOR what you believe in, even as personal liberty, free markets, and privacy laws will be portrayed as unpopular.

The media is SPINNING HISTORY, American heritage, and anything they can think of in their favor. It’s shameful and you need to RESIST IT.

We have no time for propaganda; we search for truth and facts.

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ON YOUR KNEES: Manipulating Rates – POWELL’S DOLLAR POISON!

This article was contributed by James Davis of Future Money Trends. 

The Federal Reserve is becoming the MOST CONTROVERSIAL player in the global stock markets. In the last few days, Jerome Powell’s comments on CONTEMPLATING YCC (Yield Curve Control), which is OPEN MANIPULATION of interest rates, has already managed upset some congressmen even before KICKING OFF THE GROUND, since it’s so un-American.

Jerome Powell has already came up with excuses for using it, such as that it HAS BEEN DONE by the Bank of Japan and the central bank in Australia.

For one, is that even a GOOD PRETENSE? Do we want to be like Japan or Australia? Secondly, where is the point where the FED begins
to simplify economics instead of ENTANGLING THE NATION in more monetary experiments?

 

Courtesy: Zerohedge.com


Judging by the market’s action, though, the recovery is clearly in motion. The pricing is much more FORWARD-LOOKING than the real economy, as markets always are, but in this case, it looks like buyers and sellers are agreeing that paying 2023 prices is fair.

In our opinion, the reason why they’re doing that is because investors don’t see other avenues of investment that are as STRATEGICALLY IMPORTANT to the Federal Reserve as the public stock market.

The Federal Reserve rarely intervenes in real estate, as was witnessed during the worst housing meltdown the world has ever known. It didn’t care about the millions of bankruptcies back then – it only worried about SAVING BANKS. If the FED isn’t there to prop it up, it seems investors aren’t that excited about it.

Who says that the economic benefit of bailing out these institutions will bring more prosperity than keeping homeowners from defaulting?

It seems to us that
racism is being weaponized as a political tool because this is AN ELECTION YEAR.

I really hope it isn’t, but politicians are made up of some of the most WARPED MINDS in this country and countless LUNATICS IN WASHINGTON will use this genuine struggle to play upon the heightened emotions and swing votes their way.

The fact of the matter is that COVID-19, China, and racism that’s indirectly tied to income/wealth inequality will be the MAIN TOPICS of this presidential campaign.

 

Courtesy: Zerohedge.com


As you can see, Wall Street fund managers can’t CONNECT WITH the notion that valuations will continue to be high as long as the central bank, the STRONGEST ONE on the planet,
is inflating prices.

Before we discount and marginalize Warren Buffett, we SHOULD REMEMBER his warning that investors can’t build a portfolio predicated on the premise that ALL FED CHAIRMEN in the future will act like Jerome Powell does.

The point is that when stocks are valued at 20x or 25x earnings, YOU’RE SETTLING FOR very low returns.

Maintaining high levels of cash on the side could prove wiser than you think. I am SHOCKED THAT Berkshire Hathaway wasn’t buying during the MARCH LOWS since there really were attractive companies out there, but my feeling is that as the dust settles and the nation grapples with lingering high unemployment for the next 1-4 years, the excitement towards the stock market will wane and VALUATIONS will TRADE IN A RANGE.

 

Courtesy: Zerohedge.com


As you can see, there are only two choices: either rates are GOING HIGHER, which the Federal Reserve has already said it WON’T ALLOW by controlling the curve, thus creating inflation, OR stocks are already too expensive and would drop by 10%-15%, as a group.

Since the FED is all about making sure stocks remain elevated, they will be suppressing rates, and we believe that will be the TRIGGER THAT SENDS gold over $2,000/ounce.

Don’t get sidetracked with COVID-19 and its FICTITIOUS second wave; the elections are the most important event to ZERO IN on.

EXCLUSIVE REPORTS, Featured In This Article and in Others, Which Are Considered ESSENTIAL READING:
1. Gold Investing – DOWNLOAD HERE!
2. Trump’s War with Mainstream Media – DOWNLOAD HERE!
3. Covid-19 Round2 Sell-Off Playbook – DOWNLOAD HERE!
4. Why The Dollar Is Dead – DOWNLOAD HERE!
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Bear Market Boredom cheap labor Depressing exploit the madness Gambling Goldman Sachs Great Depression Headline News highest earners improve yourself Intelwars Middle Class Prosperity retail investors social media chat rooms Stock Market Stocks stuck gold standard Wall Street wealth creation

FATAL KRYPTONITE: Dollar Finished, Savers Crushed – GOLD DELIVERS!

This article was contributed by James Davis with Future Money Trends.


Goldman Sachs actually told its high-net-worth clients that it is a perfect time to EXPLOIT MADNESS exhibited by part-time retail investors and to CRUSH THEM. I’ve seen some REMARKABLE TESTIMONIES on how the average person decides on which stocks to buy and why.

One thing that really SUNK HOME the point of just how wild things have gotten is shown by a survey conducted with people who normally bet on sporting events. They say they have been buying stocks AS A REPLACEMENT, out of boredom.

The second SHOCKING STUDY has proved there’s a correlation between day trading and social media chat rooms about gambling.

Courtesy: Zerohedge.com

You can clearly see the correlation between the Great Depression ending, real wealth creation and prosperity spreading when America produced real products in the 1940s–1970s, and the REVERSAL IN THESE TRENDS when globalists HIJACKED the opportunity from the middle class and incentivized Special Opportunity Zones in China to GAIN MOMENTUM at the expense of many UNSUSPECTING PEOPLE!

Between 1937 and 1982, America’s middle class boomed and capitalism included many more people. That totally changed in 1982 and has intensified until present day.

Big trends either EAT YOU WHOLE or change your life FOR GOOD. In the case of globalization and outsourcing, the trend ate up workers and gave shareholders and executives an INCOME BOOM.

The most destructive UNINTENDED CONSEQUENCE of the income and wealth gap is ACCESS TO HIGHER EDUCATION.

Because tuition is so expensive, the chance that low-income demographics have to become doctors or medical professionals (which are America’s HIGHEST EARNERS as employees) or to assume major roles in Silicon Valley and tech, ARE SUPER LOW.

This perpetuates the gap, ushers NEW WINDS of populism into politics, and INSTIGATES SOCIAL UNREST. When you believe you have no chance of ever becoming FINANCIALLY SOLVENT and that debt will follow you around for the rest of your life, it sometimes leads to INVESTMENT INDIFFERENCE. One loses respect for money and gambles with it, whether on sporting events, Las Vegas, card games, or through Wall Street. You become angry over the topic of money and its fairness and distribution.

It’s unfortunate, but I can empathize with them since it is DEPRESSING to feel stuck!

Courtesy: Zerohedge.com

You can really see how the income for the top 1% WENT EXPONENTIAL in the mid-1980s.

The great equity BULL MARKET started in 1982, and that has led to this surge in income growth for the elite.

The majority of Americans is not BENEFITING FROM the growth of their corporations since the ownership is concentrated in high-net-worth individuals.

The fatal kryptonite of the masses is their LACK OF CONNECTION with the growing industries in America that require SPECIALIZED SKILLS, the type that the poor can’t even begin to imagine how to acquire!

The cheap labor pool offered by other countries around the world makes it so that America is too expensive to go back to being a leading manufacturing hub, but also too untrained to include more households in the tech boom.

This great drama will drive politics, society, and industry to find solutions, but YOU CAN’T wait for it to do so since life is too precious to leave to someone else.

You must work days and nights on DEVELOPING yourself, on educating yourself, and on improving your skills. Open the doors for yourself; there is NO OTHER WAY!

EXCLUSIVE REPORTS, Featured In This Article and in Others, Which Are Considered ESSENTIAL READING:
1. Gold Investing – DOWNLOAD HERE!
2. Trump’s War with Mainstream Media – DOWNLOAD HERE!
3. Covid-19 Round2 Sell-Off Playbook – DOWNLOAD HERE!
4. Why The Dollar Is Dead – DOWNLOAD HERE!
Share
Categories
Bear Market Boredom cheap labor Depressing exploit the madness Gambling Goldman Sachs Great Depression Headline News highest earners improve yourself Intelwars Middle Class Prosperity retail investors social media chat rooms Stock Market Stocks stuck gold standard Wall Street wealth creation

FATAL KRYPTONITE: Dollar Finished, Savers Crushed – GOLD DELIVERS!

This article was contributed by James Davis with Future Money Trends.


Goldman Sachs actually told its high-net-worth clients that it is a perfect time to EXPLOIT MADNESS exhibited by part-time retail investors and to CRUSH THEM. I’ve seen some REMARKABLE TESTIMONIES on how the average person decides on which stocks to buy and why.

One thing that really SUNK HOME the point of just how wild things have gotten is shown by a survey conducted with people who normally bet on sporting events. They say they have been buying stocks AS A REPLACEMENT, out of boredom.

The second SHOCKING STUDY has proved there’s a correlation between day trading and social media chat rooms about gambling.

Courtesy: Zerohedge.com

You can clearly see the correlation between the Great Depression ending, real wealth creation and prosperity spreading when America produced real products in the 1940s–1970s, and the REVERSAL IN THESE TRENDS when globalists HIJACKED the opportunity from the middle class and incentivized Special Opportunity Zones in China to GAIN MOMENTUM at the expense of many UNSUSPECTING PEOPLE!

Between 1937 and 1982, America’s middle class boomed and capitalism included many more people. That totally changed in 1982 and has intensified until present day.

Big trends either EAT YOU WHOLE or change your life FOR GOOD. In the case of globalization and outsourcing, the trend ate up workers and gave shareholders and executives an INCOME BOOM.

The most destructive UNINTENDED CONSEQUENCE of the income and wealth gap is ACCESS TO HIGHER EDUCATION.

Because tuition is so expensive, the chance that low-income demographics have to become doctors or medical professionals (which are America’s HIGHEST EARNERS as employees) or to assume major roles in Silicon Valley and tech, ARE SUPER LOW.

This perpetuates the gap, ushers NEW WINDS of populism into politics, and INSTIGATES SOCIAL UNREST. When you believe you have no chance of ever becoming FINANCIALLY SOLVENT and that debt will follow you around for the rest of your life, it sometimes leads to INVESTMENT INDIFFERENCE. One loses respect for money and gambles with it, whether on sporting events, Las Vegas, card games, or through Wall Street. You become angry over the topic of money and its fairness and distribution.

It’s unfortunate, but I can empathize with them since it is DEPRESSING to feel stuck!

Courtesy: Zerohedge.com

You can really see how the income for the top 1% WENT EXPONENTIAL in the mid-1980s.

The great equity BULL MARKET started in 1982, and that has led to this surge in income growth for the elite.

The majority of Americans is not BENEFITING FROM the growth of their corporations since the ownership is concentrated in high-net-worth individuals.

The fatal kryptonite of the masses is their LACK OF CONNECTION with the growing industries in America that require SPECIALIZED SKILLS, the type that the poor can’t even begin to imagine how to acquire!

The cheap labor pool offered by other countries around the world makes it so that America is too expensive to go back to being a leading manufacturing hub, but also too untrained to include more households in the tech boom.

This great drama will drive politics, society, and industry to find solutions, but YOU CAN’T wait for it to do so since life is too precious to leave to someone else.

You must work days and nights on DEVELOPING yourself, on educating yourself, and on improving your skills. Open the doors for yourself; there is NO OTHER WAY!

EXCLUSIVE REPORTS, Featured In This Article and in Others, Which Are Considered ESSENTIAL READING:
1. Gold Investing – DOWNLOAD HERE!
2. Trump’s War with Mainstream Media – DOWNLOAD HERE!
3. Covid-19 Round2 Sell-Off Playbook – DOWNLOAD HERE!
4. Why The Dollar Is Dead – DOWNLOAD HERE!
Share
Categories
Banking Bitcoin cash pile central banking Cryptocurrency FIAT CURRENCIES Headline News human history Intelwars money Money Printing prices going up. gold Recession Silver The Federal Reserve Wall Street

$35/OUNCE GOLD: Don’t Blink – Just Hit the MOTHER LODE!

This article was contributed by James Davis with Future Money Trends. 

On August 15th, 1971, President Nixon changed the MONETARY LANDSCAPE forever. For the first time in human history, following his televised announcement, the entire global economy shifted from currencies that are BACKED BY GOLD to ones backed by NOTHING BUT AIR!

It was so evident that gold WOULD SOAR that some investors made fortunes so large that they still LIVE OFF THEM today.

In JUST ONE DECADE, gold’s price rose from $35 to $850 per ounce, and that type of return has NEVER MATERIALIZED again in gold. In 2000, gold ended a 20-year bear market and SOARED AGAIN, but not by 2,400% because it couldn’t.

You can’t RECREATE the initial big bang of the universe, metaphorically speaking; it’s physically and mathematically IMPOSSIBLE to start anew.

It’s unfair to those of us who WEREN’T THERE in 1971 to capitalize on this. We never know how much we would have RISKED on gold and would have gained.

In 2009, the price of silver WENT BALLISTIC and climbed from around $9/ounce to eventually reclaim its 1980 all-time high of $49/ounce. A year before, in 2008, though, while the banking sector was in shambles, one of the failing banks supposedly had to sell its silver position, causing the price to go from $21 to $8 in NO TIME.

This was the precursor that birthed the opportunity position in silver as it WENT PARABOLIC.

Silver stocks didn’t just climb by double-digits, and not even by triple-digits. Many of them SHOT UP by QUADRUPLE-DIGITS in three years.

Warren Buffett is FAMOUS FOR hating on gold. He simply doesn’t get it, and while he is one of the best BUSINESS EVALUATORS ever, perhaps the greatest, he is a POOR DIVERSIFIER of funds out of stocks, which is why he has probably MISSED OUT on $100B or more just in the past 20 years alone.

Buffett always keeps plenty of cash around, but instead of SPREADING HIS LIQUID ASSETS between gold and silver, for example, he has kept it mostly in Treasury bonds.

Just since the year 2000, his dollar CASH PILE, money devoted to staying liquid and handy for use during market crashes and buying undervalued stocks, has lost much of its purchasing power while gold has JUMPED from $250/ounce to $1,750 TODAY.

That’s a 700% gain, and it is a TREMENDOUS loss for his shareholders, which could have heard about how the company’s pile of cash is GROWING RAPIDLY at each annual shareholder meeting, instead of getting excuses like that you can’t teach an old dog new tricks.

Buffett simply has not taken the time to UNDERSTAND THE FLAWS of fiat currencies. We can see this because his opinion on Bitcoin is that it is worthless, while the cryptocurrency has led to remarkable returns.

Contrary to his notions, we NOT ONLY take pride in being the FIRST NEWSLETTER to ever cover Bitcoin, to our knowledge, when its price was $13/coin, but we kept on covering it until late in 2017 when at $10,000/coin, we warned that this was a bubble and that PROFITS WERE TO BE TAKEN.

Throughout 2017, Wall Street tycoons blew off Bitcoin, most famously Jamie Dimon, CEO of JPMorgan Chase, who attacked the cryptocurrency.

Buffett has been wrong on it, Wall Street totally missed it from 2013 and onwards, and only in 2020 do we see people like Robert Kiyosaki and billionaire investor Paul Tudor Jones understanding the TRUE POTENTIAL.

The Federal Reserve is PUSHING AHEAD with aggressive ETF purchases and DEBT MONETIZATION on behalf of the Federal Government. June is going to be one of the most CENTRALLY-ASSISTED months in U.S. history. The deficit is getting out of hand and the S&P 500 is kissing 3,000 again.

The point is that in order to HEDGE these expensive bonds and stocks, investors MUST turn to gold.

EXCLUSIVE REPORTS, Featured In This Article and in Others, Which Are Considered ESSENTIAL READING:
1. Gold Investing – DOWNLOAD HERE!
2. Trump’s War with Mainstream Media – DOWNLOAD HERE!
3. Covid-19 Round2 Sell-Off Playbook – DOWNLOAD HERE!
4. Why The Dollar Is Dead – DOWNLOAD HERE!
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