Economic pressures

[BroMikey]

Bear Market Stocks, where the money is.

https://investorplace.com/2020/03/10...y-bear-market/

340?cb=20150416181749.png

[Danny B]

Fundamentals;
Time to do a good read of Armstrong.
https://www.armstrongeconomics.com/a...tal-formation/

https://www.armstrongeconomics.com/a...of-capitalism/

Armstrong talks about the foreign exchange markets
https://www.armstrongeconomics.com/f...undamentalist/
FOREX is blowing up because the dollar is rising.

The banks would very much like to avoid any interruption in incoming payments.
"After reading your open letter to President Trump, I couldn’t help but notice the following bit: ” You should now look at imposing a 9 month moratorium on mortgage and small business loan payments, and suspend all interest accrued during this period”.
https://www.armstrongeconomics.com/f...nts-solutions/

Dollar rising;
https://www.armstrongeconomics.com/m...ulfing-europe/
Every nation is trying to protect their home currency
http://www.gata.org/node/19964
3/20 Dollar strengthens, boosted by worries over coronavirus impact – CNBC
https://www.goldmoney.com/research/g...gmrefcode=gata
9% of the US has been laid off due to the coronavirus – Mish

[Danny B]

erased everything again.

[Danny B]

http://www.gata.org/node/19964
CRAB, erased everything when I posted this link.
The rising dollar is eating up every other currency.
But the dollar's brutal ascent -- up 6.5% this month against a basket of peers -- has sent almost every other currency reeling. Amid the crisis caused by worries about how badly the coronavirus pandemic will hit the world economy, investors, and companies around the world have been scrambling to get their hands on the market's most liquid currency. ...
BREAKING: Federal Reserve says it will conduct $1 trillion in daily repo operations for the rest of the month.
Looks like gold deliveries in Germany are problematic.
https://www.armstrongeconomics.com/i...s-beware-23rd/
Armstrong, "CME Chicago futures exchange is in crisis mode invoking emergency protocols to auction off the portfolios of Ronin Capital, which is based in Chicago. It has been confirmed that Ronin had clients who could not meet their margin calls."
"The CME Group has raised margins 2 times this week in the mini SP500 futures….. Last week’s margin was 7700. Then on Tues or Wed it was raised to 9900. Then last night it was raised again to 13200 per contract. Ronin’s clients cannot keep meeting margin calls that keep being raised.
The damage these people have cause to the world economy, not just the financial markets, will run into the trillions"
https://www.armstrongeconomics.com/a...-cme-clearing/

Armstrong's bias here can NOT be concealed. He talks about "They have destroyed capital formation"
What a load of utter bull$hit. Money renters levered up to 100 times available capital to gamble in casinos. They dominated all markets through regulatory capture and, impoverished the middle class. This isn't called "capital formation" It is pure predatory and parasitic.

People always turn to the strongest currency when they want to hoard money. Nothing new there.
https://www.armstrongeconomics.com/m...ulfing-europe/

The future collapse is well insured. Everybody knows this.
Previously, you couldn't talk about;
Ending the FED. Now, it is becoming a reality. There are a few other things that nobody could touch.
Trump Suspends Student Loan Payments
The UBI camel gets his nose in the tent,
Corona Cash - McConnell's Plan Would Pay $1200 Per Person, $2400 For Couples - Watch For Universal Income To Be Called For Next
US Government Is Preparing For An 18 Month Pandemic And 'Critical Shortages' (Already Here)
This 18 month time period will just about cover the time period that the financial collapse will need.
3/20 The job losses will be unlike anything the US has ever seen – CNBC
3/20 Fed expands its asset purchases to include municipal bonds – CNBC
Yep, the cities were all looking at collapse. Dunno if this will help.
Super-Rich Paralyzed As Private Jets Restricted

Trump Admin Greenlights Deferral on $300 Billion in US Tax Payments Amid Pandemic
Next Stimulus Deal To Include 'Rapid Injection Of Cash' For Small Businesses

[BroMikey]

Trillions going to the CB

[BroMikey]

Central Bank System failing. HEE HEE HEEE no kidding. The Big Ship is turning out to high seas. Get ready for the storm serge. I love it. Can't wait. Ready for anything. Isn't it wonderful? The judgement pending with fall on the HEADS of Large criminal organizations, trust me. Think GODFATHER!!! Go Trump Daddy. Think of Trump as the ultimate KING PIN!!

[Danny B]

The second great attack on the freedoms of Americans
The MOSSAD attack on the twin towers brought America a big loss of freedom as spelled out in the Patriot Act. We lost a lot of civil liberties.
The jewish FED heads have created ongoing price inflation of a claimed 2% per year. This was done to create a perpetual supply of liquidity for the bankers and assorted money renters. The claimed reason from the FED heads was; 2% price inflation was needed to insure price stability.
https://archive.org/stream/JewishCon...sionB_djvu.txt
The Dot com crash was the result of a bubble created by the jewish head of the FED.
Paul Volker (Presbyterian) claimed that there was absolutely no rationale for any inflation target.
For Greenspan, Yellen, Bernanke, et al, 2% inflation was a cardinal rule.
Tor revive the economy after the dot com crash, an even bigger bubble had to be created. This resulted in the housing bubble crash. The money renters were rescued again, this time with a (reported) cash infusion of $27 trillion.

It became painfully obvious that these sequential bubbles would eventually come to an end. Armstrong made that perfectly clear fro a historical standpoint.
Postponing the final crash by liquidity injections guaranteed that the final unwinding would be that much worse.
The State always wants to avoid the "pitchforks & torches" scenario. The current pandemic is the perfect excuse for locking down the whole country as preparation for the final collapse of the economic system as engineered by the Federal Reserve.
The collapse is here. It isn't something in the far future. It is here now and, the controls and lockdowns will be implemented from here forward.

Top National Guard General Knocks Down Rumors Of A Complete National Lockdown Coming
That's today,, what about tomorrow?
DHS Chief Refutes Rumors Of National Lockdown
Coronavirus has taken away US bread and circuses laying bare the true American empire
In the mother country;
Israel Debates 'Total Suspension Of Individual Freedom' In Knesset Intel Hearing
From Quarantine To Tyranny To Rebellion ...Where Is The Line In The Sand?


Israel collapsed their bond market in the early 80s. They had practice for collapsing America's bond market.

The economic fallout;
Small Business Owners Being Annihilated In The US
'10% Of US GDP' - US Coronavirus Stimulus Package To Total $2 Trillion
Socialism at Its Finest after Fed's Bazooka Fails
US Economy in Free Fall, Could Lose Up to 24% of GDP and Face Ocean of Unemployment Due to COVID-19
US Crude Falls 29% for Biggest Weekly Loss in 3 Decades Amid Pandemic
Goldman Sachs gives CEO 20% raise as it forecasts crash for America

Are You Ready To Have Your Civil Liberties Severely Restricted? Because That's Where This Is All Headed...
Lockdowns, curfews. Troops on the streets Governments handing out free cash This utter madness was entirely avoidable
GOV has some new rules for us
https://www.youtube.com/watch?v=M07N...ture=emb_title
Germany seizes medical supplies headed to Switzerland as Europe scrounges for resources to fight coronavirus
Lombardy Uses military to enforce lockdown as Italy's hardest-hit region continues to reel from Virus
"10% Of GDP": US Coronavirus Stimulus Package To Total $2 Trillion
Ellen Brown writes very well showing that FED actions have had the opposite effect as intended.
https://ellenbrown.com/2020/03/21/so...bazooka-fails/

There is much mention of martial law,,, evidently be people who have NO understanding of martial law. Important read.
https://newswithviews.com/Vieira/edwin198.htm

[Danny B]

Lockdown of control.
"Also in 2008, the Pentagon launched the Minerva Initiative, a $75 million military-driven research project focused on studying social behavior in order to determine how best to cope with mass civil disobedience or uprisings. The Minerva Initiative has funded projects such as “Who Does Not Become a Terrorist, and Why?” which “conflates peaceful activists with ‘supporters of political violence’ who are different from terrorists only in that they do not embark on ‘armed militancy’ themselves.”
https://www.wakingtimes.com/2020/03/...9e124-54347961

UK Army Prepares to Be Deployed on City Streets for Six Months to Curb Virus Outbreak - Report
Netanyahu Staging 'Coup' With CV Patient Tracking
The Crash Of 2020 Is Now Worse Than The Great Depression
Norway Loses One-Fifth of Its Oil Wealth as Krone Collapses Says Analysts
CV job losses will be unlike anything US has ever seen
The Atlantic is really DOOM!
https://www.theatlantic.com/ideas/ar...ession/608443/

"I’ve been dreading this. In the midst of all the policy responses to the collapse of the mortgage finance Bubble, I recall writing something to the effect: “I understand we can’t allow the system to collapse, but please don’t inflate another Bubble.” It was obvious early on that policymakers had every intention to reflate Bubbles."
"here was a failure to grasp the most critical lessons from that terrible boom and bust episode: Aggressive monetary stimulus foments market distortions, while promoting risk-taking, leveraged speculation and latent risk intermediation dysfunction. Years of deranged finance ensured unprecedented economic imbalances and deep structural impairment. There was no predicting a global pandemic. Yet today’s acute financial and economic fragility – and the risk of financial collapse - are directly traceable to years of negligent monetary management."

"I have to adjust my message for today's post-Bubble backdrop: I understand we can’t allow the system to collapse, but Please Don’t Completely Destroy the Soundness of Central Bank Credit and Government Debt. Does anyone realize what’s at stake?"
So, WHO was at the helm of the monetary ship?
http://creditbubblebulletin.blogspot...ease-dont.html

3/21 American oil drillers were hanging on by a thread. Then came the virus – NY Times
https://forecastingintelligence.org/...-long-descent/
3/21 Gary Cohn: The US is in recession that will take ‘trillions’ to solve – CNBC
3/21 “Sell everything” strategy is causing massive credit turmoil – Bloomberg
3/21 “I lost 100%” of my business – Seattle transforms into ‘ghost town’ – Zero Hedge
3/21 ‘Everything is out of our control’: San Francisco eases into lockdown – NBC

3/20 Cash is king, not gold, not bonds – Technical Traders
3/20 Fed Funds rate cut to zero, but don’t expect to see 0% mortgages anytime soon – MW
ONE day later,
3/21 Homeowners can now delay mortgage payments up to 12 months – Yahoo!

Armstrong;
Europe and gold
https://www.armstrongeconomics.com/m...nfiscate-gold/
Capital controls
https://www.armstrongeconomics.com/a...ital-controls/
The people at the top dumping the whole mess.
https://www.armstrongeconomics.com/a...ital-controls/
Very good read on the wipped up panic in Europe.
https://www.armstrongeconomics.com/i...ian-economics/
https://www.armstrongeconomics.com/i...-of-the-world/

[BroMikey]

The second great attack on the freedoms of Americans
The MOSSAD attack on the twin towers brought America a big loss of freedom as spelled out in the Patriot Act. We lost a lot of civil liberties.
The jewish FED heads have created ongoing price inflation of a claimed 2% per year. This was done to create a perpetual supply of liquidity for the bankers and assorted money renters. The claimed reason from the FED heads was; 2% price inflation was needed to insure price stability.

I can hear the rich criminal Juuws sobbing "OH NO MUH MUNEY" The judgement will fall on the HEADS or the leaders who have acquired their wealth thru intimidation, coercion, murder and fraud. It's party time people. Enjoy the show.

[Danny B]

Sorry, brother Mikey. There will be NO enjoyment.
"CareerBuilder found that 78% of U.S. workers are living paycheck to paycheck."
18% of US workers have lost jobs or hours. It is only going to get worse. I'm not at risk financially because I have been getting ready for a long time. 96 million of working age are NOT in the labor pool. I'm sure that the number is higher now. This pandemic lockdown is a dry run for the coming lockdown due to the failure of the banking / finance system.
5.1 million died of starvation in Great Depression One,, back when 44% of Americans lived on a farm.
9% of the US has been laid off due to the coronavirus – Mish

Imagine that you are a deep-sea diver in a pressurized diving suit. Imagine that the compressor fails and, the deck crew takes 15 minutes to fix it.
That is the situation now. The Dems are proposing a DEM relief bill. How long will that take to work out?

How much pork will be added to the bill?
https://news.yahoo.com/coronavirus-r...101703253.html

"The DOD’s strategy for dealing with a zombie uprising, outlined in “CONOP 8888,” is for all intents and purposes a training manual for the government in how to put down a citizen uprising or at least an uprising of individuals “infected” with a dangerous disease or dangerous ideas about freedom. "Carry out combat operations against zombie populations within the United States that were “previously” U.S. citizens."
https://www.wakingtimes.com/2020/03/...9e124-54347961

New York


Interestingly, only 3 days before locking down the state, Cuomo said that the effort would be ineffective.

In New York, where coronavirus has killed 32 people, Gov. Andrew Cuomo said he has no plans to impose a statewide mandate.
“My job is to make sure that the state has a coordinated plan and it works everywhere,” he said this week. “I don’t think shelter-in-place really works.” (source)

"In reality, Bernanke was depressing the economy by propping up the economic sectors featuring massive malinvestments and keeping resources from moving from lower-valued to higher-valued uses by tying up about a fifth of GDP with underperforming assets. That most financial journalists and academic economists failed to recognize what Bernanke was actually doing is an indictment upon their various professions and speaks volumes about the wilful ignorance in newsrooms and in the halls of academe."
https://mises.org/wire/fed-one-trick-pony

3/22 Virus aid bill includes $3,000 for families, $4 trillion liquidity for Fed – Reuters
3/22 Hobbled IRS may need months to put cash into Americans’ hands – Reuters
And days to put cash in banker's hands.
3/22 Treasury market in tumult stares down $340 billion more debt – Yahoo!
3/22 Bruised hedge funds ask clients for fresh cash to buy the dip – Bloomberg
3/22 Airlines come up short in bid to win cash grants in rescue package – Reuters
3/22 The bailout bonanza is back! (pt 2: hedge hogs demand more!) – GR

3/22 Goldman injects $1 billion into own money-market funds after heavy withdrawals – R
You haven't seen heavy withdrawals yet.
3/22 U.S. oil price collapse = U.S. economic collapse – SRSrocco Report
3/22 China to stimulate private investment, ‘new infrastructure’ development – Reuters
YEP, China needs more infrastructure.
3/22 The lockdown of America begins – Organic Prepper
3/22 “Rolling natural disaster” – supply chain shock could trigger global depression – ZH
3/22 Biggest thing since 1776 … how the coronavirus will spark the Greater Depression – IM

3/22 How likely is martial law, and what will it be like? – OGS
3/22 In sweeping power grab, DOJ seeks ability to detain people indefinitely – Zero Hedge

[Danny B]

There is a lot of news, all bad. It's up to you to decide how much of it is true and/or relevant.
There are claims that the CBs caused all of this to gain more control. I'm doubtful of that. The massive chain of defaults is working it's way up to the banks. Of course, they want a cash infusion/rescue.
NY Gov Cuomo Says CV Closures Could last For Nearly A Year and 80% may End Up Infected
Imagine closing down most of the economy for that long a period. We would have to become hunter-gatherers.
Watch - Central Banks Are Fostering This Major World Economic Collapse To Install A Completely New Digital Financial System...And total Political Control
That idea is doomed also. If the NSA and, everybody else was hacked, what chance does a digital currency have? 10% of bitcoins have been stolen.
Morgan Stanley Joins Goldman, JPM In Predicting A Depression Crash - Expects Q2 GDP To Plunge 30%

BoA Calls For 'War Time Measures' Urges Near-Total Fed Takeover Of Capital Markets (And The Installation Of Digital currency...)
The article is interesting. It calls for the FED to;
"In short, BofA agrees with Zoltan Pozsar, who last week once again assessed the damage and said that the Fed will effectively have to backstop everyone and everything, in declaring a virtually total takeover of capital markets by the Fed, which is now in critical triage mode, designed to prevent further asset losses which from this point on, would have dire social and perhaps civilizations implications, potentially even the civil war that Time Magazine one mocked us for predicting back in 2010 when we said that the Fed has put the US on collision course with armed social conflict.

And so, with days, if not hours left for capital markets them before the Federal Reserve effectively takes over all risk assets, here is BofA's note urging the Fed to go all the way, which we deem is a fitting eulogy for the free markets and capitalism.

Without further ado, here is Marc Cabana's note explaining why "Bolder Fed Action is Likely", by which he means the total takover of capital markets by a group of academics who have never even held a real job in their lives:"
https://www.zerohedge.com/markets/bo...apital-markets

The automation genie can NOT be put back in the bottle. 100s of thousands of jobs were at companies that are zombies who couldn't even service their debt or, make a profit.
https://finance.yahoo.com/m/2bb63046...ity&soc_trk=ma
Along with some kind of total takeover of financial markets, the State wants to take over everything else to ensure that survival of the State.
Congressman Warns - 'I'm Seeing No Discussions About Limits Of State & Federal Power'
https://www.newsweek.com/exclusive-i...rnment-1492878
The head goldbug is quite a doomer,
https://www.zerohedge.com/markets/wo...roken-bankrupt

The inflection point.
https://www.zerohedge.com/economics/welcome-jackpot

[BroMikey]

V shaped recovery looming. Put yer muney down.

Economics made simple in video format.

[Danny B]

https://wwwnc.cdc.gov/eid/article/26/6/20-0239_article
Erased EVERYTHING again.

[Danny B]

Problem is, economics are not simple. It is a system with billions of moving parts. I've found the X22 reports to be simplistic. No depth.
"Also, the government will soon be sending checks to nearly every American, the proposal is for at least $1,000 for each adult and $500 per child, per month—around $500 billion in total. Helicopter money is now coming, and both parties embrace it with alacrity. The total amount of stimulus proposed so far was reported by Bloomberg to be $1.3 trillion this year alone."
"Around 67 million Americans think they will have trouble paying their credit card bills due to the coronavirus, according to WalletHub. And, nearly 80% of Americans are living paycheck to paycheck—"
"But now the major averages have crashed by over 30%, and the Russell 2000 is down just shy of 40% in one month. Not only are all of the gains made last year now gone but the market has given back all the gains made since January 2017."
"Empire State Manufacturing Survey for the month of March. The index plummeted by the most in history to an incredible minus 21.5. Since the survey was taken, we have seen entire counties shut down, U.S. schools and corporations shuttered, and at least 50 major retailers are shutting their doors, and that number is growing daily."
https://www.dollarcollapse.com/pento-bond-crash/Volume 26, Number 6—June 2020

Dispatch

Community Transmission of Severe Acute Respiratory Syndrome Coronavirus 2, Shenzhen, China
https://wwwnc.cdc.gov/eid/article/26/6/20-0239_article

One of the basic economic canons is,,, the quantity of money theory... Armstrong has shown it to be incorrect. He would very much like to get Trump's ear to stop the unnecessary destruction of the economy. He wrote an open letter and, asked everyone to try to bring it to Trump's attention.
The present plan calls for;
"A Senate bill proposed by the Republican leadership includes $350 billion in loans for small businesses to cover payroll, rent and some other expenses for the next four months, and includes loan forgiveness for the portion covering wages. The sheer scale of help needed because of this insane shut down is far more massive than many realize. There are nearly 10 million firms that would be eligible under the Senate bill, which applies to companies with up to 500 workers. They employ more than 100 million people and burn through $100 billion in weekly wages."
How could this possibly be administered?
https://www.armstrongeconomics.com/w...s-of-socrates/

Main stream media has their finger firmly pressed on the panic button. They have killed their revenue stream
https://www.armstrongeconomics.com/w...ng-this-panic/

The free money machine
3/23 Dow drops as investors wait for Congress to agree on a stimulus bill – CNBC
3/23 Fed, saying aggressive action is needed, starts unlimited QE – MarketWatch
3/23 Singapore Airlines slashes 96% of capacity, grounds most planes – Channel
3/23 Government budget deficit is about to explode to fight the coronavirus – CNBC
Use MMT and,,, there will be no deficit.
3/23 The Fed is now buying investment grade bond ETFs like LQD – Zero Hedge
What about the $13 trillion in junk bonds?

3/23 Germany’s Merkel bans meetings of more than 2 people – Politico
NO more ménage à trois
3/23 China’s housing bubble bursts: Evergrande cuts earnings guidance by 50% – ZH
3/23 Commercial property freezes: ‘there’s widespread panic’ – Chicago Business

[Danny B]

I had a hard time getting to this thread from bookmarks AND from Google. I thought that maybe I had hit the "big time" and, gotten blocked for misinformation.
Here is a headline from the New York Post.
Trump to seek $850 Billion CV stimulus package Which Will Help Assure US Bankruptcy Will Happen NON-Existent Money Is Raining From The Fed
OK, how can Trump rain down something that is non-existent? What is money,,, really? Why would this bring bankruptcy.

Armstrong has long claimed that the theory "quantity of money" is bogus BS. The banking sector claims that it is very real. If you print too much money, you will cause hyperinflation of prices. Armstrong claims that; hyperinflation in a major economy comes from a loss of confidence. It is a different story for peripheral economies.
Armstrong has made it clear that "they" would never let him give any kind of advice to Trump. He recently wrote a letter expressing his desire to stop the destruction of the economy as being conducted by the current policy out of D.C. He asked anybody and everybody to try to get the letter to Trump.
Armstrong advises thousands of powerful people around the world. Indications are that Trump has seen the letter.
"We don't outlaw cars just because thousands of people die in cars"

The FED is adamant that U.S. GOV must borrow the money for it's expenses. Here is what Armstrong has to say.

ANSWER: Well the first thing you have to do is get a grip on what is a reality. Governments around the globe borrow every single year with absolutely no intention of ever paying off their national debts. So what is the difference? If you think giving the money back to the people is wrong and it is better going out the back door for political contributions, then sorry, I oppose that.

There is no “conservative” v “liberal” when it comes to the debt. They all spend more than they take in and nobody cares about paying off the debts. So I do not care what political persuasion you are, we will end up at the same place when the dice stop rolling. BROKE!

I Support cutting income taxes to zero. The government should just create the money it needs to cover it's expenses.
"Let’s get real here! All national debts, including Germany, show that on average 70% of the debt is just accumulative interest. So that is money out the back-door."
YES, and the bankers love it that way.

"Rome never had a national debt and the first 500 years they existed by creating money to pay their expenses with minimal inflation because of the economic growth. About 80% of their budget was paid with the creation of new money.

Even the Bible said giving 10% was realistic, not 40% to 60% as we have under the current Marxist style governments in the West."
"The first country that wakes up and abolishes income taxes will blow everyone else out of the water. All they have to do is say they will adopt the way the United States became great. There were only indirect taxes between 1792 and 1913. If the nation survived with no income taxes, we can do it again and let the people spend their own money. You will see massive job creation and governments will stop competing with the private sector to borrow money."