Economic pressures

[Danny B]

Y'all are awake now as far as economic problems go. We have a problem in that our wages were stolen to pay dividends to money-renters. We have a bigger problem in that automation isn't going to go away. We previously had 96 million of working age who were not in the labor force. Now, we have 22 million more on unemployment. The CBs produced tons of so-called money.
4/20 The laughable idea that central banks can support markets – Alhambra
Charles Huge Smith has a VERY clear article about how the pandemic needs AND, the economic needs are in direct confrontation.
http://charleshughsmith.blogspot.com...-pandemic.html
4/20 Pork and beef prices surge as meat plants shutter due to coronavirus – Axios
Looks like they won't be sending pork to China.

Apparently, the bailout for the wealthy is VERY expensive.
https://taibbi.substack.com/p/the-trickle-up-bailout

[Danny B]

Here it is. ALL of it, written by martin Armstrong,,, EVERYTHING.
https://www.armstrongeconomics.com/a...he-world-asap/

Based on Stanford study, there's no reason California...or the Nation...had to shut down

Did Mark Zuckerberg Just Expose Big-Tech's Real Endgame? Ousting Trump

'Fed Can't Print Gold' - BofA Calls Gold 'Ultimate Store Of Value' And Raises Price Target To $3,000

The 2017-18 flu season was FAR worse than the current C/V pandemic. They didn't shut down anything.
https://gilad.online/writings/2020/4...om-of-covid-19

Ron Paul rages against the shutdown.
Well, the Dems wanted to make Trump look bad,,, no matter the cost. https://www.zerohedge.com/health/wha...-able-get-away

As Trump wipes out the bankers, MSM goes ballistic about him.

You'll be glad to know that Americans still have their sense of humor.
https://nypost.com/2020/04/21/prank-...-to-shut-down/

De Blasio's social distancing snitch tip line flooded with porn And Hitler pictures

TOO MANY problems all at once.
https://www.zerohedge.com/geopolitic...nnot-handle-it

Everything seems to be bogus lately.
https://www.armstrongeconomics.com/i...this-lockdown/

4/21 Oil sell-off continues, June futures drop 30%, May contract negative – CNBC
YEP, the oil speculators are getting castrated.

4/21 Argentina offers bondholders lowest price ever as bankruptcy looms – Forbes
Here they go again.

[Danny B]

Gold today
The powerful forces of bank credit contraction are at the heart of a rapidly evolving financial crisis in global derivatives, whose gross value is over $600 trillion; an unimaginable sum. Central banks are on course to destroy their currencies through unlimited monetary expansion, lethal for bullion banks with fractionally reserved unallocated gold accounts, while being dramatically short of Comex futures."
Deutsche Bank, "Clearly, by taking the mildest of a positive approach to derivatives held as assets, and a slightly more conservative approach to valuing derivatives on the liabilities side, that 35,000:1 leverage at the balance sheet level can make an enormous difference."
Deutsche Bank’s €30.25 trillion interest rate-linked derivatives."

While a struggling bank like Deutsche provides us with a laboratory experiment for how a derivative virus can kill a bank, we are now seeing it kill off bullion banks in real time. A rising gold price, out of the control normally imposed by expandable derivatives, has effectively gone bid only in any size. We are told this is due to COVID-19 shutting mines and refineries and disrupting logistics, and so is purely temporary.

"One can begin to see why dealings between LBMA members are so significant, recently hitting 60 million ounces a day, the equivalent of 1,866 tonnes. This represents dealings between LBMA members only and excludes dealings between a member and a non-member. In the distant past they were included in LBMA estimates, which inflated the numbers even further by a factor of about five times."
5 X 1,866 tonnes,,,, quite a big lump of gold that must be conjured DAILY.

"is not the 8,326 tonnes claimed in a recent LBMA press release designed to calm the markets, but is almost certainly significantly less than a thousand tonnes."
"Last year, the pump-and-dump schemes of the bullion banks’ trading desks went awry, with open interest rocketing to nearly 800,000 contracts by January this year. After several failed attempts, in June 2019 gold had broken above $1350, which encouraged the speculators to chase the price up even further."

"At its peak on 23 January 2020, the sum of all short positions on Comex was the equivalent of 2,488 tonnes of gold, worth $125bn. The suckers were finally breaking the banks, who held the bulk of the shorts."
"Many central banks who have stored their earmarked gold at the Bank of England will be unhappy as well, having leased their gold in the expectation it would stabilise the bullion market." Therefore, the availability of gold for leasing is now cut off and gold already leased will need to be returned"
https://www.goldmoney.com/research/g...ivative-crisis

They can't return it. It has gone away.


Harvey Organ: Gold SCARCE – Central Banks Are Calling In ALL Of Their Gold leases
the gold market continues to be broken as future prices are much higher than spot prices. The comex is desperate to fix things but they have no available gold.

If one is to buy gold and or gold coins, the price is around $2800. usa per oz

and silver; $31.00 per oz//

LADIES AND GENTLEMEN: YOU ARE NOW WITNESSING FIRST HAND THE DIFFERENCE BETWEEN PAPER GOLD/SILVER AND THE REAL PHYSICAL STUFF!!

DO NOT PAY ANY ATTENTION TO WHAT THE CROOKS ARE DOING AT THE COMEX AND LONDON LBMA..PHYSICAL IS THE NAME OF THE GAME AND NOTHING ELSE

WITH GOLD DOWN $21.60: AND NO PHYSICAL TO BE FOUND ANYWHERE:

WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL”?

SURPRISINGLY A HUGE 7.9 TONNES OF GOLD IS ADDED TO THE GLD//THE ADDITION IS NOTHING BUT A PAPER TRANSACTION//NO PHYSICAL GOLD ENTERED.//

GLD: 1,029.59 TONNES OF GOLD//

WITH SILVER DOWN 60 CENTS TODAY: AND WITH NO SILVER AROUND

A HUGE CHANGE IN SILVER INVENTORY AT THE SLV

A PAPER DEPOSIT OF 1.398 MILLION OZ FROM THE SLV..
https://www.silverdoctors.com/gold/g...r-gold-leases/

[Danny B]

Fighting for control but, nobody is thinking this through.
Armstrong has a few great articles. The parasites are going catatonic trying to lock down control. The social credit system in China aims to lock down every thought, word and deed. The corporatocracy is trying to get rid of Trump because he threatens crony-capitalism. The Greens want drastic population reduction. They have put Gates up on a pedestal. Evidently, the greens haven't thought this through. If you destroy too much of the technological base, the cities are the first to go. Lacking the ability to produce enough food, we revert to a hunter-gatherer society, NOT an agrarian society. Above everything else, the tractors must keep running. We use sunlight and carbon energy to produce food energy.
The GOV is a non-producer. Same for the bankers. Include most lawyers and economists. Throw in most of the high level corporate executives.
ALL of them are fighting to maintain control AND, lock down the producers.

https://www.armstrongeconomics.com/u...erthrow-trump/

https://www.armstrongeconomics.com/a...-light-go-off/

https://www.armstrongeconomics.com/w...uption-at-who/

https://www.armstrongeconomics.com/a...he-same-again/

4/23 The meat number that makes even naysayers worry about shortages – Bloomberg
4/23 Tyson will close its biggest pork plant after workers call out sick – CNN
Starve out China.
4/23 We’re mapping covid-19-related slaughterhouse closures – Counter
4/23 Five threats to US food supply chains – The Hill

4/23 Kyle Bass: “The Saudis are sending us a 50 million barrel oil bomb” – ZH
There are 250 million Bbl sitting in tankers that have no buyers. It is expected that oil will hit negative $100 a Bbl because there is no more storage. This will really screw the oil speculators.
Once the bubble has been popped, There is no going back.
http://charleshughsmith.blogspot.com...saved-our.html

[BroMikey]

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[Danny B]

https://www.rt.com/business/486684-k...digs-into-imf/
CRAB, deleted everything again.

[Danny B]

Gravity vs bubbles
https://www.thechicagoeconomist.com/...ntals-who-wins
War is becoming increasingly more unpopular.
https://www.zerohedge.com/geopolitic...-amid-pandemic
The 7 step plan
https://www.zerohedge.com/geopolitic...otalitarianism
The usual criminals
https://newswithviews.com/vice-presi...d-our-economy/

Can't leave out the bankers.
https://armageddon.news.blog/2020/04...-tragic-price/
The IMF and the SDR want to be the new overlord.
https://www.rt.com/business/486684-k...digs-into-imf/
Very good analysis.
https://www.goldmoney.com/research/g...gmrefcode=gata
Another good analysis.
https://www.newyorker.com/news/daily...-global-system

4/24 Since inception the euro has devalued by 85% against gold – Voima
4/23 Cuomo taps Bloomberg to lead covid-19 contact “tracing army” – Gothamist
Rense;
Watch California ER Doctor's Coronavirus Briefing Stunning Truths Emerge - Very Important - WATCH
More From The CA ER Doctor - We Are Being Conned And The Virus is being USED as a weapon Against America
'There's Something ELSE Going On...It's Time To Open Up'
Was this Coronavirus Created to Destroy the US Economy And To Create a New Nation State? (Probably, Yes) Welcome to The USSA

'Don't Tread On Me': 74% Of Voters Worried About Losing Freedoms Due To COVID-19
The explanation
https://www.zerohedge.com/geopolitic...s-why-what-fed
Techno-Tyranny: How The US National Security State Is Using COVID-19 To Fulfill An Orwellian Vision

Mitch McConnell Says Struggling States Should File For Bankruptcy
YEP, declare bankruptcy os that you can dump your pension load.

[BroMikey]

b59ffd238042ddb2ceccb6c400bf00f9.jpg

Fiat%2BMoney.jpg

[BroMikey]

Central Banks push debt forgiveness then later to snare the Nations again.

[BroMikey]

Fiat snare ending/total crash<restructuring the FED toward sound money/GOLD. Confirmed many times over. Q, Q+ and Trump=Q+ this is where we are going, wonderful.

[Danny B]

The return of the gold standard is highly unlikely. That would mean the death of the nanny state and, the elimination of 98% of banking. It would also mean the end of traditional wars. I'm sure that cyberwar and economic war would continue. Previously, the supply of gold grew by 2% a year. At the same time, the economy grew by about 2% a year. There was just the right amount of money in the system for normal commerce. There was almost no money for speculation or war. Keep in mind that most or all of America's gold stock is gone. CB head Rubin took care of that.
Post war, Germany and Japan had no gold. They built up a very strong and impressive economy. The value of their currency was based on the high productivity of the people, NOT on gold. It isn't necessary to have gold backing for a currency for same currency to be strong. It isn't the gold backing that is important.
The main job of gold is; to keep the parasites from over-issuing currency and debt.
In all likelihood, the State knows how to produce elemental gold. John Bedini came up with a process to do that. Cejeka let on to him that the process was well know already.
If this is true, America could flood the markets with manufactured, elemental gold. This would make the Chinese gold hoard next to worthless.

[BroMikey]

Think RESTRUCTURING

The return of the gold standard is highly unlikely.
In all likelihood, the State knows how to produce elemental gold. John Bedini came up with a process to do that. Cejeka let on to him that the process was well know already.
If this is true, America could flood the markets with manufactured, elemental gold. This would make the Chinese gold hoard next to worthless.

Here is a fair and balanced analysis.

[Danny B]

While the X22 report tries to be accurate and complete, they miss quite a bit.
The BOJ is buying EVERY bond that they can find. Kuroda is held in thrall to the bankers and multi-nationals. Japan is going on their third "lost decade". Japan continues to stimulate the upper loop. The ECB is buying every asset they can find. BOE is doing much the same. The PBOC is pumping a frightening amount of liquidity into Chinese banks.
The U.S. Congress is starting to see visions of pitchforks and torches. Actually, they see the more modern version,,,, AK47s
Congress authorized Powell to stimulate the beans out of the LOWER loop. Japan very thoroughly proved that continuous stimulation of the upper loop is a failed strategy.
Trump or, whoever is directly stimulating the lower loop. Trump has broken with banker control. Armstrong wrote a letter to Trump urging him to temporarily cancel mortgages and rent. This action would completely crash the cash flow to the banks. The banks are already lining up for a bailout. This time around, it will be a debt-for-equity swap.

The Federal Reserve has a noose around it's neck, controlled by Trump. Soon, some of the private banks will have the same noose.

[Danny B]

There is a gradual recognition that; jobs taken by automation will not come back. Pelosi wants UBI
https://www.zerohedge.com/personal-f...-cope-pandemic
4/29 Bank of Japan prepared to buy unlimited government debt – Bein Crypto
Kuroda bought up enormous amounts of equities also. Still hasn't caught on to the idea that; pumping money to the non-producers doesn't help.
4/29 China’s factories are back. Its consumers aren’t – NY Times
4/29 China’s massive banks are facing a $42 billion dividend trap – Bloomberg
So, the PBOC will continue to pump money to the banks.

Even that drunkard, Pelosi recognises that average people need direct help. Roubini writes about what to expect.
https://www.project-syndicate.org/co...oubini-2020-04
4/29 Shanghai Gold boss wants super-sovereign currency post-crisis – GATA Very strange.
4/29 US stock market enters twilight zone – Technical Traders
Wait til the FED starts buying stocks.
No, this is not another 1929, 1973, 1987, 2000, or 2008 – Charles Hugh Smith

Trump Wants All US Troops Immediately Out Of Afghanistan Due To Coronavirus
Generals pushing back by arguing: by that standard the Pentagon would also have to withdraw from places like Italy.
SAVE THE POPPIES !

[Danny B]

Plan A and plan B
The Trump administration is providing money directly to individuals. It is also providing money to small businesses.
Armstrong forecast that China would become the financial center of the world in a couple of decades.
"China has no illusions that cash handouts directly to the population (targeted group, yes) will be the answer. Instead they prioritize assisting businesses to survive as they provide employment."
These businesses need solvent consumers. They can't provide employment if they have no customers.
4/29 China’s factories are back. Its consumers aren’t – NY Times
(China) "They understand CONFIDENCE is the key to promote economic activities." No mention of good wages?
"It is very clear that the West is in the process of committing economic suicide. China has the opportunity to become the Financial Capital of the World provided"

"Where Communism fell in China and Russia during the first 8.6-year wave, we are looking at the aggressive attempt by the Socialists to seize power in the West that will only destroy the economy which forced the same collapse of Communism."
SO, no communism in China???
How is this all working out?
4/29 China bets $600 billion on infrastructure to revive growth – Bloomberg
Remember that China has a shrinking workforce ( 1 million a year) Remember that China has shrinking markets.
So, they are going to bet on infrastructure. They already have 64 million empty housing units. They have about 60 international airports that they don't need. They have dozens of empty cities. 2 years ago, their surplus steel capacity was equal to the total steel capacity of Europe and America combined.
They moved ~300 million self-sufficient peasants to the cities. Now, they have no possibility of keeping them employed.
China is stealing the water from the Ganges, Indus, Baramputra and, Mekong. They have made a couple billion new enemies.
Coronavirus: China injects US$7.9 billion into banking system in latest bid to shore up liquidity

China doesn't have to be communist to really screw up. They ARE a command economy. That right there is enough to guarantee a financial blowup.