Economic pressures

[Danny B]

The next stimulus will push almost $2 trillion into the economy. Every lefty program that was ever created will get a cash infusion.

Biden’s agenda for the economy is now being spearheaded by Treasury Secretary Janet Yellen. The former Federal Reserve chair has taken a particular interest in stamping out cryptocurrencies and expanding the reach of the International Monetary Fund (IMF) – which could ultimately be the issuer of a new global digital currency.
https://www.fxstreet.com/analysis/th...y-202103021900
Pay attention to what is NOT said. "Expand the reach of the IMF,,,, could issue the new global currency.
The IMF is fully invested in the SDR. "Stamping out crypto" You can see that this power struggle is going to expand. CAN the State stop crypto?
https://www.zerohedge.com/crypto/can...s-stop-bitcoin

Armstrong, "cannot understand people who think I am wrong and somehow cryptocurrencies will overthrow the dollar and governments. Really? Does anyone really believe that governments will just relinquish power willingly?"
https://www.armstrongeconomics.com/w...erthrow-trump/
Democrats COVID Bill Gives $1.9 Billion to Black Farmers for 'Racial Justice'
3/03 SEC Chair Gensler will rid crypto markets of “fraud” and “manipulation” – ZH
3/03 Wall Street is in for a rude awakening, former NY Fed president says – CNN
3/03 So… just how concerned should we be about America’s $28 trillion debt? – WLBT
10 signs a greater depression is coming – Nouriel Roubini

[Danny B]

The plandemic has destroyed quite a bit of the economy. Evidently, this isn't enough for Oregon
OR HB3305 | 2021 | Regular Session
Prohibits retail dealer, nonretail dealer or wholesale dealer from selling petroleum diesel for use in motor vehicle on or after specified dates. Prohibits retail dealer, nonretail dealer or wholesale dealer from selling petroleum diesel for use in motor vehicle on or after specified dates. Requires public improvement contract to require that motor vehicles be powered by fuel other than petroleum diesel. Prohibits public body from using petroleum diesel in motor vehicle under control of public body.

So, no problem. Shut down ALL trucking in Oregon. Gasoline just won't do it. CNG won't do it either. There is no infrastructure for refuelling. There is NO possible way to run 100% bio-diesel. There is no great supply for bio-diesel. It essentially won't work in cold weather. It ruins engines because of excess water and contaminants.
It is essentially incompatible with existing truck smog controls. The DEF system in particular.

[Danny B]

Back in the good old days, it only took $700 billion of TARP money to "rescue" the whole system.
During 2020, GOV had to create $27 billion every day.
"The mutually reinforcing crises aren't in the future, they're here now, and Jay Powell's shuck-and-jive has lost its magical powers to cloak the rot with speculative bubbles.
How many more times do we have to watch Jay Powell claim his speculative bubble isn't a bubble,"
In other words, when will this travesty of a mockery of a sham finally implode? When will the Universe tire of the lies, fraud, embezzlement and corruption and bring the whole rotten charade down?
On the other hand, maybe manipulation, lies and artifice can no longer keep the Everything Bubble from popping. The chart I prepared back in 2008 (below) give us a flavor of the confluence of crises that are no longer in the future--they're here now.
We can see all sorts of things topping out and entering depletion/collapse: financialization, the Savior State, Chinese credit expansion, oil production, student loan debt and so on."

NB; Keynes said that we would all be so rich that we would only have to work 15 hours a week. THAT would never do. We have to support millions of parasites.
Our accumulated / produced wealth much be siphoned off to keep us working.

"The price isn't the issue, or the supply: it's how much energy wage-earners can buy out of their dwindling discretionary income, i.e. what's left after they pay higher prices for essentials.

If this is new to you, please read Gail Tverberg's work: Why Collapse Occurs; Why It May Not Be Far Away.

And Tim Watkin's work: A failure of complexity and Texas trip.

And Tim Morgan's work on his SEEDS model of how the economy actually works (it's energy that matters, not finance) Mapping the economy, part one and The map unrolled.

Or if you prefer video, watch Nate Hagens: Nate Hagens: The Collision (1 hour).
https://www.oftwominds.com/blogmar21...-sham3-21.html

World debt soars to record $281 TRILLION in 2020, set to rise again this year – report
https://www.rt.com/business/515906-w...cord-pandemic/

The vast majority of this debt is debt created by speculation. It is NOT consumption debt. THAT is a very big distinction.
https://mises.org/wire/economics-and...n=fee_partners

Bitcoin will replace ALL global currencies at price target of $1 MILLION within decade – Kraken CEO
BTC is NOT under State control. The IMF is seriously pushing the SDR. Who do you think will prevail?
3/05 Technically speaking: topping patterns popping up everywhere – RIA
So, $27 billion a day just won't be enough.

3/05 Warren Buffett: “Retirees face a bleak future” – Sovereign Man
In Weimar Germany, an old couple would take their life savings and buy ONE great meal.
Then, they would turn on the gas.
Then, they would go to bed and go to sleep.

[BroMikey]

Late News when the money was taken back to the USA

[BroMikey]

Reading the Nesara at papers. 5k per month minimum for all citizens. Even those useless seniors who are on their last leg will get medical free. Get ready for a guilty conscience when you can't believe your bank accounts.

[BroMikey]

2017 was the public awakening. Money returned to the owners.

[BroMikey]

QFS and NESARA will end HOMELESSNESS media paints millions as drug addicts and losers while complicit to traffic as many of them as humanly possible for the organs, bare minimum. China has use execution vans 40 years to take organs when a person is done away with. The Van rolls up and the person is taken apart right there. organs on ice.

The great reset is not the same as the white-hats RESET, Plz pray that American's will care enough to keep from switching the channel. Well now it is getting hard to keep a home, maybe they will get it.

[BroMikey]

How to make good money in business. All other jobs in China.

[Danny B]

California reduced the penalties for stealing way down.
In fact, Magnus Lofstrom, a researcher at the Public Policy Institute of California, pointed to a 12 percent jump in larceny-theft (essentially, unlawfully taking someone’s property) in the state immediately after Proposition 47 took effect. “
https://www.nationalreview.com/2018/...-consequences/
Here is a vid taken in L.A. where security people say that they are instructed to not stop anybody from stealing.
https://www.youtube.com/watch?v=y8nINthkkrY&t=92s
What do you think the end result is?
3/06 Rampant shoplifting forces ten Bay Area Walgreens to close – Zero Hedge

Americans can no longer afford the cost of energy.
https://www.oftwominds.com/blogmar21...-sham3-21.html
That will help drive the population down.

Does Anyone Even Care The US National Debt Will Soon Cross The 30 Trillion Dollar Mark?

3/06 Dylan Grice: «Central banks are going to overcook the economy» – Market

3/06 The first “global inflationary depression” is very possible – Advancing Time

3/06 Alasdair Macleod: bitcoin will die along with fiat currencies – Palisades Gold

3/06 Tesla crashes – Zero Hedge
3/06 Elon Musk loses $27 billion as historic wealth gains unravel – Yahoo!

[Danny B]

EVERYBODY and every State is looking forward to the day when crypto currencies will completely displace paper money. Wealth transfer to the powerful will be VERY easy then. Everybody is operating on their desires and, not paying attention to outside forces.
https://decrypt.co/28560/quantum-com...yption-by-2022
Electronic currencies may have a very short reign. We are at war with China. Do you think that China would pass up on an opportunity to attack an electronic U.S. dollar?
The IMF controls the creation of special drawing rights. Do you think that China will sign on with the SDR?

Armstrong long ago predicted the cyclical return of a crash in sovereign debt. This has started.
https://www.dollarcollapse.com/pento...richter-scale/
Economic vids
https://www.dollarcollapse.com/top-ten-videos-march-7/
WE have had continuous wage deflation. The FED, et al is pumping in many $billions every day to hold back price deflation. Wages can't support the economy so, the printing press has to do it.
https://www.zerohedge.com/economics/...ionary-tsunami

[Danny B]

3/08 Dow rises 300, Nasdaq sheds 2% as rotation out of tech continues – CNBC
Afternoon Wood: ARK Founder Says "Carnage" Coming In Energy & Finance, "Optimistic" About Tech Names
3/08 Charles Nenner: stocks, bonds, and cryptos will crash – Market Sanity

Ron Paul: The Fed Is Enabling Biden And Congress' Destructive Agenda
3/08 Super fast commodity price cycle is a harbinger of sudden jump in inflation – CR
By One Gauge, Inflation Fears Are The Highest This Century
Federal Workers Scoring Massive Perks In COVID Relief Bill
Yep, the State will look out for the State.
Buy more popcorn while you can still afford it.

[Danny B]

Over the millennia, man advanced his security & comfort be means of innovation and price deflation. Without innovation, a society becomes static. The population can not grow without increases in agricultural productivity.
Here are 3 short articles arguing that creativity is the source of wealth. Keep in mind that communism stifles both motivation & creativity. This is a major reason why Marxist States are always poor.
There is a current worldwide push towards world communism. This may very well be part of the push to reduce population.

https://americansystemnow.com/creati...onomic-wealth/

https://fee.org/articles/consumption...rce-of-wealth/

https://www.journalofaccountancy.com...etowealth.html

[Danny B]

Charles Hugh Smith has a good article (as usual)
The "wait and see" economy is about to face its moment of truth, and one truth is the $1.8 trillion being passed out like candy is already spent.
The Coming Deflationary Tsunami. Interest rates had been falling for 40 years and there was little leeway for more of the magic of falling rates. The spending of the upper middle class had already rolled over as the awareness that the longest expansion in U.S. history was faltering seeped into financial decisions--and no wonder, since every trick in the book had been required to keep it alive: zero interest rates, quantitative easing galore, tax cuts, massive deficit spending and speculative bubbles in every asset class.

"Though nobody dared discuss it, the economy was creaking under the burden of overcapacity in just about everything: too many cafes, too many channels of this and that, too many office towers built for get-rich-quick techies planning to sell out to Big Tech and retire at 25, too many resorts, and so on."
This is overcapacity driven by under-consumption

"One driver of the overcapacity was the rise of Zombie Corporations--companies that only remain among the living if they can borrow ever more money at lower rates to fill the holes in their balance sheets and cash flow. The Fed's implicit goal was to never let a single Zombie die because that might send the wrong signal, i.e. that creative destruction was allowed. Creative destruction is no longer allowed by the Fed, never ever ever. So the economic landscape is cluttered with Fed zombies."
Never let a corporate zombie die because it has employees.

"Also ignored was the inconvenient fact that wages for the bottom 95% have stagnated for decades and so where was all this money being blown coming from? From debt, of course, and the phantom wealth generated by speculative bubbles."

"Then there are the demographic headwinds illuminated by Chris Hamilton, most recently in The Narrative Of Inflation Amid Depopulation. The working-age population has leveled off,"
Falling wages,, falling population,,, falling consumption.. "They" are going to compensate for this by jacking up debt creation.

"A great many young people are delaying or foregoing marriage and having children because they don't have the means and security do so. So who's going to be paying all the taxes needed to fund the enormous retirement and healthcare costs of 70 million retirees? No problem, we'll just borrow another couple trillion a year forever. (Free fish for everyone forever!)"
Maybe a virus could be used to wipe them out?

"The reality is overcapacity, over-indebtedness and stagnant earnings are all deflationary. The "wait and see" economy is about to face its moment of truth, and one truth is the $1.8 trillion being passed out like candy is already spent--as is the economy and the Fed's bag of tricks."
Why do you think that the FED is inflating as fast as it can?

https://www.oftwominds.com/blogmar21...truth3-21.html

3/09 Covid bill gives $86 billion bailout to failing union pension plans – CNBC
3/10 Illinois’ record-setting pension debt jumps to over $300 billion – Wirepoints

The European Marxists hope to go full communist.
https://mises.org/wire/why-europes-l...ial-superstate

[Danny B]

JPM Now Expects Wave Of Stimmy Buying To Offset Massive $316BN In Month-End Selling
"They" are pumping liquidity into every possible orifice of the economic body.

CPI Jumps In Feb, BLS Admits It's Making Most Of It Up
"And It's Gone!" - Nasdaq Erases 'Fake CPI' Gains
The gamblers see consumer price inflation as a good thing. BUT,as prices go up, the consumer buys less and less. This requires more liquidity infusion to maintain the illusion.

Government Stimulus Is Blowing Up A Massive Economic Bubble

There Are Still More Than 20 Million Americans Getting Government Jobless Benefits
Running faster and faster to stay in place.

China Censors "Stock Market" From Popular Social Media Platform Amid Selloff
Yeah, that will fix everything.

Watch Live: ECB's Lagarde Sharply Hikes 2021 Inflation Forecast

[Danny B]

February Was The Worst Month For Growth Stocks Since The Bursting Of The Dot Com Bubble

Why JPMorgan's Chief Economist Thinks The $1.9TN Biden Stimulus Won't Spark Runaway Inflation
Keep in mind that; currency inflation used for consumption has a different effect than currency inflation used for speculation.

US Household Wealth Hits Record $130 Trillion As "Top 1%" Have Never Been Richer While Poor Drown In Debt
The wealthy have never been wealthier, while half of America, some 50% of households, own just 1% of the country's wealth, down from 3% in 1989 as America's poor have never been more in debt.
Regulatory capture = currency inflation = effective wage deflation

A Grim Look At The Exploding US Budget Deficit
I assure you the world will still be here in 50 years even if the oceans do rise another 3 inches. But what about the value of the US dollar?

Our leaders are killing the U.S. dollar, and it is being done to thunderous applause.
So This Is How The US Dollar Dies...

Read up on NFTs
https://www.dollarcollapse.com/nfts-everything-bubble/