Tag Archives: Economic collapse

The Subtle Admissions

01 Wednesday Apr 2020

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Why does the following sound so familiar?

The novel coronavirus has already had a significant impact on the global economy, which will worsen if the outbreak and the shutdowns designed to contain it continue for very long. But it’s only an accelerant: If not Covid-19, as the disease caused by the virus is known, something else would have started the conflagration. Shortfalls in revenue and cash flows, caused by the shutdowns, have simply exposed the vulnerabilities of a structurally unsound economic and financial system.

Well, I mean, really, um, er … it might, you know, not necessarily be the, uh, the um, the virus thingy…

Structural instability and systematic failures. Why does that sound like what I’ve been saying for a few years now? Oh, because it is the same thing. I just noticed a long time ago. There really needs to be hell to pay, but, judging by what passes for people these days, there’s nobody capable of collecting.

 

You CAN Go Lower Than Zero

25 Wednesday Mar 2020

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And, you have.

Just the other week, my avatars, Tom Ironsides and Todd Vispoli (neither of which is me, by the way) discussed the real crisis behind the ridiculous Corona Chan false flag and hoax. Todd said: ‘The funds rate is already effectively below zero, and it has been for some time. All the idiot pundits say, “you can’t go lower than zero,” but that’s just another one of their lies. Of course, you can go lower. The Europeans are below zero.’

Now, US Treasuries are too.

Yields on both the one-month and three-month Treasury bills dipped below zero Wednesday, a week and a half after the Federal Reserve cuts its benchmark rate to near-zero and as investors have flocked to the safety of fixed income amid general market turmoil.

It was the first time that happened in 4½ years, when both bills briefly flashed red and yields fell to minus-0.002% each. The readings Wednesday were well below those.

This comes while the criminals in DC scramble to give away even more value to the masters of usury. (But hey! You’ll get $1200 or something). This, while Americans hide in their homes, leaving only to run around in masks and fight each other for toilet paper. What the rate drop means in real terms is that when you buy a short-term bond and loan the Empire your money, you have to pay them to take your money. That means your money is … worthless. Think about it (if that’s possible anymore) like this: if you have something valuable around the house – gold, timber, stamp collection, etc. – then people will pay you for the privilege of taking it for themselves. On the other hand, you have to pay to have worthless or dangerous things removed from your home – like black mold or toxic waste in the soil.

Extrapolating further, to Wall Street, the relative worthlessness of the cash means that it takes more of it to buy things, like stocks. Thus, the prices of the stocks rise, driving a false sense of prosperity in the DOW. But, as soon as the bailout cash is spent (tomorrow), we’re back to square one and a lack of true value. Those at the top of the chain (the banksters) reap the greatest rewards. The rest pay the price.

A few related questions:

If all non-essential offices are supposed to be closed, then how the hell is Congress open?

If you get $1200 “free” from Uncle Sucker, but there is no toilet paper available to purchase, do you use the fiat to wipe your ass?

If Washington can afford to part with Trillion$ in giveaway cash, then why do we have to continue to pay taxes?

Is a combination of Chloroquine and UV radiation effective against usury and tyranny?

We need answers.

An Open Letter to President Trump

21 Saturday Mar 2020

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I did, today, send a letter to the President about the COVID-covered economy. Here it is:

Hon. Donald John Trump
The White House

In Re: The Economic Collapse in America

Dear President Trump:

May I congratulate you on your handling of the recent unpleasantness related to the Wuhan COVID-19. I understand this must be a challenging and monumental task. However, I remind you that you did not create the virus. Nor did you create the near-terminal conditions in the economy, as revealed by the pandemic. But, while I trust the virus will burn itself out, you potentially have the ability to cure the financial calamity which has incubated and infected for over one-hundred years. I offer three suggestions:

First, cancel all debts. All of them: national, state, corporate, and individual. There are numerous methods for doing this. For years, people have told me that such a corrective course would “destroy the economy.” As it appears that is already happening, perhaps there is no better time.

Second, eliminate the virus that is the Federal Reserve, with its fractional banking, fake currency, constant inflation, cannibalistic financialization, and economic sorcery. The chief priests of this temple of usury are among the deepest of the deep staters, elders in the swamp of which you are intimately familiar. Drain it. Make usurious lending a felony.

Third, institute a gold or other commodity standard and a reset, a return to normalcy and sanity.

Bailouts, handouts, more fake money, and more debt will only paper-over, perpetuate, and exacerbate the already insidious problems. Lockdowns, martial law, and indefinite detention of Americans certainly will not help matters.

Please contact me if you have any questions about the potential processes and proposals briefly mentioned above. May God give you strength and wisdom in all your important endeavors.

Sincerely,

Perrin Lovett

UPDATE: The Gatekeepers answer:

Screenshot 2020-03-23 at 4.17.08 PM

They misspelled Farcebook.

A Word About The Blog

20 Friday Mar 2020

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It is my intention to keep operating here, regardless of the economic collapse, so long as there are sufficient electricity and broadband. That said, power companies are considering drastic actions. Should those fail, the lights will go out. I’ll do what I can, as I’m sure you will also. And, I anticipate FP and TPC continuing to run as usual.

A fews predictions: by the middle of next month, they won’t even mention or remember the Corona; then, it will just be a mysterious decline that no-one understands. Expect some utility disruption. Expect a bending, if not a breaking, in civil order. And, ere too long, I’m sure they’ll try another exciting war.

Now back to your search for toilet paper and stimulus money. P

Bank of America Calls Collapse

19 Thursday Mar 2020

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The same Bank of America that racked up $3.5 Trillion in bailouts during the previous part of the current (perhaps never-ending) depression sees arecession and a collapse on the way.

Bank of America warned investors on Thursday that a coronavirus-induced recession is no longer avoidable — it’s already here.

“We are officially declaring that the economy has fallen into a recession … joining the rest of the world, and it is a deep plunge,” Bank of America U.S. economist Michelle Meyer wrote in a note. “Jobs will be lost, wealth will be destroyed and confidence depressed.”

The firm expects the economy to “collapse” in the second quarter, shrinking by 12%. GDP for the full year will contract by 0.8%, it said.

The Corona did it! Never stronger. Fully capitalized.

How much should we put them down for this time?

TPC Preview and the Economy

16 Monday Mar 2020

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Greetings. I am putting the finishing touches on a TPC short story for broadcast tomorrow. It features Dr. Tom Ironsides! And, he and a friend you might remember will discuss current events. I’m still working on it, packing as much up-to-date-ness in as I can. I’ll let you in on the gist:

The US Economy is Probably in Full-scale Collapse.

In the morning, I’m making the same claim at FP, and Tom and Co. present as much tomorrow at TPC. You heard it first if you didn’t already know. I hope I’m wrong, but even if I am, then this is a good taste of “the big one.” This could be the chance to finally reset things. But, so far, our “leaders” have only exponentially increased the same insanity that brought us to this point; they’re using the Corona as the most convenient cover. Think of it this way: soon the bug will be a memory; but, when the toilet paper comes back to Walmart, it might cost $10 per roll and you might have been laid off.

I’ll feature the TPC bit, here, in full. We’ll try to have fun with it.

Now, let’s see, was today’s 3,000 the DOW drop, or the COVID increase…

You’re Too Big To Fail

16 Monday Mar 2020

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Hey! You’re about to get paid a little – just a tiny bit – of that bankster graft!

What’s happening: A growing chorus of liberal and conservative economists are lining up behind a proposal published in the Wall Street Journal by Harvard professor Jason Furman, who chaired the Council of Economic Advisers (CEA) under President Obama, that calls for direct government payments to households.

What it means: Furman proposes Congress pass a “one-time payment of $1,000 to every adult who is a U.S. citizen or a taxpaying U.S. resident, and $500 to every child who meets the same criteria.”

He adds that the law “should also specify that the payments would continue in 2021 and beyond if the unemployment rate rises to 5.5% and remains there or higher. Hopefully this will not happen, but if it does, the money will be needed.”

What it REALLY means: America is DONE.

The Real Emergency

12 Thursday Mar 2020

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It’s not the virus. It’s the economy, the same one we were assured last night was in great shape. Economies in great shape do not require $1,500,000,000,000 in overnight banking giveaways in order to survive.

The Fed announced a bold new initiative in an effort to calm market tumult amid the coronavirus meltdown. In all, the new moves pump in up to $1.5 trillion into the financial system in an effort to combat potential freezes brought on by the coronavirus. This was the second day in a row and the third time this week the Fed has stepped in.

Heretofore, it’s been paltry daily sums, like $165 Billion per day. $1.5 Trillion is…

  • About what the government collects in income taxes in five or six months;
  • About what the federal budget was during Bill Clinton’s tenure;
  • The total amount of federal debt late in Reagan’s first term;
  • The GDP of the entire US economy as recently as 1974;
  • Enough money to pay off ALL students loans (right now, *poof*, gone);
  • Enough to buy 100 new Ford Class aircraft carriers; and,
  • If 1,500,000,000,000 6.14″ dollar bills were laid end-to-end, fashioned into a giant fiat ribbon, the ribbon would be almost long enough to stretch from the Earth to Mars, or from the Earth to Venus and back.

The last one was a ridiculous way to measure money, but these are ridiculous times. There’s no way to be sure, but let’s assume this grafting is split between today and tomorrow – $750 Bn per day. If they keep that up, then they are generating $270,000,000,000,000 per year in fake money, or $.27 Quadrillion. All with the push of a button on a computer. Or with the incantations over a crystal ball. This is financial sorcery and it brings to mind Zimbabwe or the Weimar Republic. And, they’re talking about doing even more “to help.”

Remember to wash your hands.

Convenient Collapse Cover

12 Thursday Mar 2020

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Last night, most out of character, I watched the Trump wheeze his way through the emergency declaration. Amid all the boasting, hand-washing advice, and huge-government spending spree, I noticed him reference the well-capitalized banks and the lack of a financial crisis. This theme has vied with the bug for the lead news lately. I took his words as code for the arrival of an economic depression. I’m not the only one making the connection:

Many have been talking about the markets and economic risks apparent in this country and around the world for a long time. I began sounding alarms before 2008, and since that time have attempted to make aware the fact that from an economic standpoint, the markets and the economy have become much worse, and more suspect ever since. After all the manipulation, the Quantitative Easing (QE), and the continued debt growth, it seemed apparent that a massive economic failure was likely in the future. Is that damning future about to come to fruition? Do the controlling powers that have created this likely economic disaster understand this, and seek to place blame on this new coronavirus outbreak as the cause of all financial ills to come? Was this new coronavirus (COVID-19) purposely created and released so that central bankers, investment bankers, corporate heads, and government puppets could use it as cover for an imminent economic collapse that has become impossible to contain? This in my opinion is a distinct possibility. Political convenience at this level is rarely accidental.

Healthy banks don’t need a $100 Bn+ transfusion every night (like vampires). It appears that – HEY LOOK! Tom Hanks and the NBA!

 

Maestro Sees a Problem

15 Monday Apr 2019

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A big one is on the horizon. Greenspan warns us.

“Without any major change in entitlements, entitlements are going to rise. Why? Because the population is aging. There’s no way to reverse that, and the politics of it are awful, as you well know,” Greenspan added.

While he said the economy looks “reasonably good” in the short run, he expects that over the longer term, growth “fades very dramatically.”

The day of the fake paper financialization is about over. Reality is the name of the storm.