Tag Archives: economics

Snapshot of Amerika

15 Thursday Oct 2020

Posted by in Legal/Political Columns

≈ Comments Off on Snapshot of Amerika

Tags

, , , , ,

Just when one thinks the deviants at the Fed can’t possibly slip any lower, this.

“This is a perverse incentive that says you shouldn’t try to make yourself better,” said Atlanta Fed President Raphael Bostic, who is leading a virtual conference Thursday intending to focus attention on the problem. “They are not dumb. It’s on us to actually change those incentives so that people understand what the potential is and move forward towards opportunity.”

They literally are dumb, almost as stupid as the idiots at the Fed. This isn’t even an economic or tax policy problem. But, if it is, then what’s the solution? Abolishing taxes? Demographics is destiny, and we’ve fulfilled it to the point of completely collapsing society. Whose benefit is that?

Preparing for the Plunge

13 Tuesday Oct 2020

Posted by in Legal/Political Columns

≈ Comments Off on Preparing for the Plunge

Tags

, , , ,

Cometh the negative interest rates.

The Bank of England has asked commercial banks whether they are ready for negative interest rates, signaling that the central bank is moving closer to cutting its key interest rate below zero.

Y’all ready?? 

Yes, boss! Mo money!

Pay no attention to the deposits nonsense. The whole system of sorcery is based on loans; the economy is fake debt, period. Depositors being charged for their accounts, as opposed to being paid for them, and ultra-cheap loans (to the Com Banks) will dig the hole deeper and faster. The only solution is a complete reset, debt cancellation, and a gold standard. Oh, and feel free to substitute the Fed or BOJ for the BOE, same sad situation.

You Think?

29 Wednesday Jul 2020

Posted by in News and Notes

≈ Comments Off on You Think?

Tags

, ,

Oh, wow, we’re about to get even more bad economic news.

The U.S. economy ground to a halt for almost the entirety of April. Now the world is about to find out the depth of that contraction.

Data due Thursday are forecast to show U.S. gross domestic product plummeted an annualized 34.8% in the second quarter, the most in records dating back to the 1940s, after the spread of Covid-19 prompted Americans to stay home and states to order widespread lockdowns.

Because of a virus… But, not to worry – the Fed has all that funny money, so it’s really a gain!

This is the high price of economic sorcery.

Yes, The Banks Will Collapse

10 Wednesday Jun 2020

Posted by in Legal/Political Columns, News and Notes

≈ Comments Off on Yes, The Banks Will Collapse

Tags

, , ,

As will everything else in the decaying Empire. And, if not for tens of trillion$ in nightly funny money, they – many of them – would have already gone under. They should have been allowed to fail 12 years ago. Even The Atlantic senses something is wrong, even as they refuse to fully acknowledge reality.

After months of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All of these factors are serious and could mire the United States in a deep, prolonged recession. But there’s another threat to the economy, too. It lurks on the balance sheets of the big banks, and it could be cataclysmic. Imagine if, in addition to all the uncertainty surrounding the pandemic, you woke up one morning to find that the financial sector had collapsed.

The virus did it! You will wake up to such a report one day in the future. You’ll also wake up to carriers on the ocean floor. And, one day, you’ll learn that your mighty Empire is being violently fragmented into smaller, warring tribal nations. The Atlantic will have ceased publication by then, but some other bunch of idiots will be there to feign astonishment.

The good news is that this will usher in a needed debt jubilee. The bad news is so many won’t survive to see it.

V-Shaped Wealth Transfer

05 Friday Jun 2020

Posted by in Legal/Political Columns, News and Notes

≈ Comments Off on V-Shaped Wealth Transfer

Tags

, , ,

The Hoax was a deception in re the economy if nothing else (though there appears to be much else). Even CNBC sees through the fog.

The coronavirus pandemic has produced “one of the greatest wealth transfers in history,” CNBC’s Jim Cramer said.

“The bigger the business, the more it moves the major averages, and that matters because this is the first recession where big business … is coming through virtually unscathed,” the “Mad Money” host said.

“I think we’re looking at a V-shaped recovery in the stock market, and that has almost nothing to do with a V-shaped recovery in the economy,” he said.

What about shooting these institutional looters, Mr. Bunkerman President? Oh, yeah, they own the show. Sorry.

But, it’s not as bad as feared for Main Street either. Sure, you lost your high-paying job as a teacher, nurse, salesman, journalist, factory foreman, etc., but some uncertain and likely contrived percentage of the newly unemployed did find part-time, low-paying work in May as bartenders and waiters, presumably waiting on the bankster looters. Plus, I hear there are plenty of openings working as robots and AI programs and four newly-posted openings on the Minneapolis police force (candidates must provide their own precinct building). It’s like nothing really happened. Oh well, remember to vote for your slave masters. And get ready for another war!

“Free” Money and the Remnant

19 Tuesday May 2020

Posted by in Legal/Political Columns

≈ Comments Off on “Free” Money and the Remnant

Tags

, , , , ,

Expected and unsurprising news from a recent poll, at least on the surface.

  • Great majorities, across party lines, favor socialism in the USE;
  • 75% want socialized medicine;
  • 82% want universal basic income.

Taking the 82% as an example gifts the best news I’ve heard all year! 82 subtracted from 100 = 18. That 18% of the people in the USE, the ones who do not want socialism, are a likely-as-not statistical representation of the population that still AMERICAN. And I was thinking it was probably half of that. Hope yet.

Economic Imitates Fiction

15 Wednesday Apr 2020

Posted by in Legal/Political Columns, News and Notes

≈ Comments Off on Economic Imitates Fiction

Tags

, , , ,

Not that long ago, just as the Corona Hoax and concurrent Economic Collapse were getting underway, I ran a lengthy analysis of the same, at TPC, using fictional voices to make real points and predictions. It’s interesting, and alarming to see nearly all of Todd’s (and Tom’s) calls coming true. Just a few (more) that I saw today alone:

WE HAVE NO MONEY ANYMORE!

Universal Basic Income

The System Is Rigged

Not sure if I directly relayed the following, though I’ve mentioned it here and at FP for years: They Want To Steal Your Cash!

Another example(s) of reading it from me with humor, today, or get it weeks, months, or years later from the drab MSM. (Read it here!)

PS: A new TPC column should be along later today!

Remarkable Analysis

30 Monday Mar 2020

Posted by in Legal/Political Columns, News and Notes

≈ Comments Off on Remarkable Analysis

Tags

, , , ,

Just moments ago, the babbling idiots on CNBC BRAGGED!!! about the multiplier effect, noting (correctly) that for every dollar in “public” loans from that hideous $2+ Trillion bailout, five to ten dollars in private bankster loans can be created. *Poof* Instant “money.” This sounds oddly like what Todd Vispoli tried to explain to the sheeple back on St. Paddy’s Day:

There used to be a ratio – nine to one or ten to one. For every dollar in public debt, they could technically manufacture another nine on the private side, though they didn’t always do it or have to. Now, that’s a thing of the past. There are, now, no reserves to manipulate. It’s all debt-based fakery and smoke, and now, they just print whenever and whatever they think will work. Or, that they think they can get away with.

They get away with a lot. And, people brag about it. So, two trillion could become ten to twenty trillion. Like magic.

Meanwhile, Orange Man is bigger than the Batchelor.

Welcome to Clown World, the pandemic edition.

You CAN Go Lower Than Zero

25 Wednesday Mar 2020

Posted by in Legal/Political Columns, News and Notes

≈ Comments Off on You CAN Go Lower Than Zero

Tags

, , , , ,

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.

Goldman Squeaks

20 Friday Mar 2020

Posted by in Legal/Political Columns

≈ Comments Off on Goldman Squeaks

Tags

, , ,

Slight revision: five percent decline to 24%.

Goldman Sachs economists on Friday forecast an unprecedented 24% decline in second quarter gross domestic product, following a 6% decline in the first quarter, based on the economy’s sudden and historic shutdown as the country responds to the coronavirus pandemic [HOAX].

Yes! The same Goldman that sucked up $900 Billion the last time. Soeaking of sucking, way to go Congress-Critters.

Revealed: Four senators dumped millions in stocks while Capitol Hill was being briefed on the coronavirus threat but BEFORE markets started tanking
Richard Burr, head of the Senate Intelligence Committee which was directly briefed on coronavirus, sold up to $1.7m in stock between January and February
Dianne Feinstein, on the same committee, sold up to $6m in stock in same period
Kelly Loeffler, on the Senate Health Committee, sold up to $3.1m in stock starting on the day her committee was briefed by the CDC
James Inhofe sold up to $400k in stocks including real estate all on January 27

And, way to go, voters! Your wise choices have certainly helped things along – all the way to this bright, shining, new dark age.