This article was contributed by Lior Gantz at The Wealth Research Group.
In 2008, Washington and the Federal Reserve concentrated all of their efforts on saving the banking system. Between then and now, the banking sector UNDERWENT TREMENDOUS regulatory changes. Banking is a TOUGH BUSINESS, which makes it hard to enter into, but the banks don’t actually need a bailout in 2020.
The Wall Street bailouts are going to other sectors, but there are TONS OF POLITICIANS who are making sure that Wall Street doesn’t pull another heist, funded by taxpayers’ money, and are making sure that Congress also focuses on households.
Politicians are making sure that the stimulus is going to be MASSIVE IN SCOPE. It already is, but much more is coming. Effective in about a week or two, it will be RAINING CREDIT on all of our heads.
Even with all the stimulus money already in motion, mayors and governors are warning that the SHORTAGE OF INCOMING TAXES will lead to severe budget cuts.
States and municipalities can’t print money; therefore, they need FEDERAL AID.
8.5% of U.S. GDP comes from local and state government and about 13% of the workforce is attributed to that.
In other words, the real SECOND WAVE is not the Coronavirus breaking out again, but a 2nd round of stimulus funds.
Courtesy: Zerohedge.com
Sentiment is CRAZY-BEARISH on Wall Street; basically, fund managers just can’t bring themselves around to believe that stocks deserve these valuations or that a V-SHAPED recovery is possible!
If they’re right, then a WORLD OF PAIN is coming for investors, who believed they were already out of the woods.
People who are retiring and whose nest eggs were saved by the comeback won’t like to see a ROUND 2 of the sell-off.
What’s popular right now is TO BE BEARISH, to believe in a “U”-shaped recovery, a lazy “U,” a “W”-shaped one, and even an “L” recovery, which hints that many jobs will be permanently lost.
We have to remember that the U.S. economy was like a MAGNIFICENT JET slicing through the skies, reaching new heights and BREAKING RECORDS when COVID-19 forced this economy to stop all of a sudden.
In other words, if Congress and the Federal Reserve are able to come up with CONSTRUCTIVE PROGRAMS, it could be that we not only get a “V”-shaped recovery but a new BOOM CYCLE.
Yes, exponentially increasing the money supply, dishing out direct wires, and other programs do put the national debt in its worst state in history, but the country’s TOP PRIORITY should be to make sure the AVOIDABLE DEVASTATION stays that way. People shouldn’t be on the street unable to make mortgage payments, for example. To me, programs like these are BETTER USES of taxpayer money than anything else because they FLOAT households, small businesses, and state/local governments through this FORCED-UPON hard time until we figure out how to exit from it.
Courtesy: Zerohedge.com
As you can see above, the gold/silver ratio is POINTING ONE WAY and is going to fuel SPECULATIVE MONEY back into the sector. If this trend continues into June and further into the summer, the ratio can shrink to 90:1, assuming $1,800/ounce gold, which puts silver at $20, A BIG DEAL.
Let’s see…..they shut down the entire economy. At least 25% of those companies won’t reopen. Tens of millions of employees are laid off. Many will not have jobs when this is over. Bankruptcies will devastate the economy for some time to come. Our rights have been stomped on. I would like to congratulate TPTB. Mission accomplished!
Of course the Fed bailed out the banks this time again! First with the repo market crash in 2019, and with the Fed purchasing stocks and other worthless shit to the tune of over
$4.5 trillion.
Warren Buffet who dumped all of his airline stock most likely on the Fed which will charge it to tax payers is now sitting on over
$123 billion in cold, hard, cash, waiting to give away all of his wealth before he dies in vaccines that will take everyone with him as the largest donor to the Bill and Melinda Gates of Hell Foundation!
As far as 90/1, that is pretty damn imflationary from 17/1 !!!
The U.S. bashing and glorification of China continues unabated, as well as the never mind the coups and wars that the journalists own countries have not only been actively
“engaged” in, but have raped enormous resources from, and are glossed over in the general context of NATO, which the U.S. does happen to be a member of, but it is always propagandized as U.S. wars and NATO involvement. The U.S. military is a mercenaries for hire racket, The propagandists appear to be actively “engaged” in removing all blame from their own countries more than anything else. Since it is a manipulated version of reality and a half truth, it is fair game to call it propaganda.
Also in this fake peace movement is the glorification of China as a peace loving nation by professors and government officials.
While China has not attacked and started wars with other countries, the truth is that China is an obedience loving nation and as long as its subjects are willing to obey any and all commands, China will remain peaceful. It strikes me as odd that there are foreign professors and former U.S. intelligence officers so Gung Ho on China. It is an extremely censorious country, and has even imprisoned its own citizens merely for tweeting criticsm of the Chinese government. Throughout the West, including in America, our rights are being trampled and seized by governments, corporations, and psychopathic thieves, and yet these highly schooled individuals are placing China on a pedestal!
Their philosophy is free speech for me, but not for thee,
apparently!
The individuals also fail to overlook that the U.S. has been China’s largest trading partner, and vice versa, and that there are more U.S. manufacturing jobs in China, than there are in America, so knowing full well the way that these same corporations have heavily bribed U.S. politicians, they have in fact heavily bribed Chinese government officials. So we are speaking of the same puppet masters in both countries, with one hand washing the other in a good cop bad cop scenario. They make money on the way to war in America, and in the way to rebulid and refinance in China. It is the equivalent of someone claiming that the left side of their body is a great person, but the right side of their body is a terrible person, or vice versa.
These individuals are without a doubt fascists! No freedom loving person would ever be placing China on a pedestal!
The U.S. bashing and glorification of China continues unabated, as well as the never mind the coups and wars that the journalists own countries have not only been actively
“engaged” in, but have raped enormous resources from, and are glossed over in the general context of NATO, which the U.S. does happen to be a member of, but it is always propagandized as U.S. wars and NATO involvement. The U.S. military is a mercenaries for hire racket, The propagandists appear to be actively “engaged” in removing all blame from their own countries more than anything else. Since it is a manipulated version of reality and a half truth, it is fair game to call it propaganda.
Also in this fake peace movement is the glorification of China as a peace loving nation by professors and government officials.
While China has not attacked and started wars with other countries, the truth is that China is an obedience loving nation and as long as its subjects are willing to obey any and all commands, China will remain peaceful. It strikes me as odd that there are foreign professors and former U.S. intelligence officers so Gung Ho on China. It is an extremely censorious country, and has even imprisoned its own citizens merely for tweeting criticsm of the Chinese government. Throughout the West, including in America, our rights are being trampled and seized by governments, corporations, and psychopathic thieves, and yet these highly schooled individuals are placing China on a pedestal!
Their philosophy is free speech for me, but not for thee,
apparently!
The individuals also fail to overlook that the U.S. has been China’s largest trading partner, and vice versa, and that there are more U.S. manufacturing jobs in China, than there are in America, so knowing full well the way that these same corporations have heavily bribed U.S. politicians, they have in fact heavily bribed Chinese government officials. So we are speaking of the same puppet masters in both countries, with one hand washing the other in a good cop bad cop scenario. They make money on the way to war in America, and in the way to rebulid and refinance in China. It is the equivalent of someone claiming that the left side of their body is a great person, but the right side of their body is a terrible person, or vice versa.
These individuals are without a doubt fascists! No freedom loving person would ever be placing China on a pedestal!
Here is Pepe Escobar on the Belt Road Initiative, with JP Morgan, not Xi Xin Ping, demanding that the “Stans” Uzbekistan, Tajikstan, Turkmenistan, Kurdistan, and Kyrgastan involved in the new silk road SCO Shanghai Cooperation Project.
https://www.unz.com/pescobar/trials-and-tribulations-of-central-asia-integration/
“Banking is a TOUGH BUSINESS”
https://knowyourmeme.com/memes/money-printer-go-brrr
“which makes it hard to enter into”
This is a licensed franchise, staffed by quota cases in khaki.
Business listings can often be found in real estate.
I celebrate the fact that tellers can be made obsolete, though will not accept any marks in my right hand or forehead, in order to buy or sell.