West Greenwich, Rhode Island, USA. Thanks for stopping by!
So, we rise from the rubble...
Thursday, November 4, 2021
"Fed to Stop Diddling the Accounts?"
"Fed to Stop Diddling the Accounts?"
by Bill Bonner
BALTIMORE, MARYLAND – "Hot off the presses comes this story from Politico: "Fed set to begin pulling plug on massive aid to economy. The Federal Reserve said Wednesday it will begin to slow its massive bond purchases later this month, the first step in removing its extraordinary pandemic-era support for the economy.
The long-awaited move signals both optimism about the pace of job growth and wariness about price surges that have pushed inflation up to its highest level in decades. The central bank has been buying $120 billion a month in U.S. government debt and mortgage-backed securities, a process designed to supercharge its efforts to keep borrowing costs low for households and businesses."
Fed chief Jerome Powell (our fellow student at Georgetown Law Center) insists that the Fed’s money-printing was an emergency program. If the Fed had not taken control of the economy in 2008… and again in 2020… it would be in a shambles, he believes. And by June 2022, the emergency will be over, says he.
Bubble, Bubble… But what really happens when the Federal Reserve gooses the economy with printing-press money and artificially low lending rates? Tesla (TSLA) has been around for nearly 20 years; cumulatively, it hasn’t made a dime of profits from selling cars (it gets billions in government-ordered subsidies). Yet, its share price went up 1,270% since the beginning of Jan 2020.
Shiba Inu (SHIB), a comic coin, gained 84 million percent in the last year. It’s now worth more than Japanese auto manufacturer Nissan (NSANY).
A non-fungible token (NFT) from a “digital artist” named Beeple sold for $69 million at British auction house Christie’s. For reference, Vincent Van Gogh’s Vase with Fifteen Sunflowers masterpiece sold for $96 million (in today’s money) back in 1987.
Stocks soar, while the economy that supports them limps along. Members of Congress, Fed chiefs, Wall Street honchos, and insiders get rich… while the public struggles to get by.
Political Control: The Fed’s key lending rate has been below zero, inflation-adjusted, for almost all of the last 12 years. And now, core consumer prices – measured by the Fed’s “trimmed mean” gauge – are rising faster than at any time in the last 31 years. Here’s the Breitbart report: "A measure of underlying inflationary pressure on the economy rose to its highest level since 1990 in September. The Federal Reserve Bank of Dallas calculates that so-called Trimmed Mean Inflation rose at an annual rate of 5.1 percent in September, the fastest monthly pace of price acceleration in 31 years."
Just what you’d expect, in other words. But some not-so-obvious things happen, too. Politics – whether it concerns forced vaccinations, teaching Critical Race Theory to children, or trillion-dollar boondoggles – has never been so vicious and divisive. Why? Because, when the government controls who gets what, it becomes more important to control the controller. More money is spent on political campaigns. And the other side is demonized, not as merely “wrong” or “misguided,” but as a mortal enemy…
Braiding the Yarn: It’s tempting to dismiss today’s nuttiness with a simple explanation: People go crazy from time to time. In St. Petersburg, Russia in 1917… in Berlin in 1936… in Peking in 1948 – it didn’t matter who you were, what you thought, or who you voted for… it was not likely to end well for you. But there’s more to it than that.
Human society is an intricate weave of “usual understandings,” as Russian president Vladimir Putin put it. Pull on one single thread… and the whole fabric comes apart. We’ve been tracing the yarn every day now for the last 22 years. And what we notice is that things that seem unconnected… or mere “acts of God”… are often woven together in braids of raw self-interest.
Yesterday, we looked at how the SCD (Supply Chain Disruptions) the media is hysterical about were the result of the feds’ central planning. An honest economy depends on millions of fast-moving “measures” – most important, how much someone wants a product and how much he is prepared to pay for it – that the feds can’t possibly know. The more control they exert, the less well it works.
And on Monday, we saw how civil society becomes uncivil. There, the links are harder to see. But when you can no longer trust the money… or the government… the “usual understandings” in the rest of the society seem to give way, too.
Shortages of Everything: In Russia, the Tsarist government multiplied the money supply by about 5 times (no one is sure) to pay for World War I. The ruble lost value. And war created severe supply chain disruptions, which led to shortages of food, especially in St. Petersburg. By 1917, thousands of people were in the streets raising a ruckus. The Bolshevik Revolution followed.
In Germany, the hyperinflation of the early 1920s… along with supply chain disruptions caused by war, reparations, and the loss of the very productive Ruhr Valley… left Germans in a sour mood… easily exploited by left and right, with Hitler and his Nazis as the victors.
In 1937, a dollar would buy you 3.4 Chinese yuan. By the time Mao Tse-tung took over in 1949, it would buy 23 million yuan. Naturally, prices were all over the place during those years… with supply chain disruptions – caused by money printing and war – leading to shortages of just about everything. So chaotic was the economic situation in China that most Chinese probably welcomed the Communist victory.
Everything Goes: When the money goes, in other words, everything goes. Because money determines not just your wealth, but your place in the world… your status… your power… whether you owe or are owed… whether you sell your time or buy others’ time…whether you are a have… or a have-not. But as we showed yesterday, the amount hardly matters. What counts is how it is gotten. And the more the elite controls the distribution of money… the more of it ends up in the hands of the undeserving elite.
But wait… The Fed says it is going to back off. Jerome Powell says he is going to stop diddling the accounts that made him and the rest of the elite so wealthy. Is that really going to happen? Are we going back to a less political world? Stay tuned…"
"Beware of Bank Closures and Credit Cards Getting Cut Off"
Full screen recommended,
Dan, iAllegedly 11/4/21:
"Beware of Bank Closures and Credit Cards Getting Cut Off"
Gregory Mannarino, "AM/PM 11/4/21"
Gregory Mannarino, AM 11/4/21:
"Total Economic Freefall,
With Inflation About To Surge Higher"
○
Gregory Mannarino, PM 11/4/21:
"Must Watch, Critical Updates:
A Global Currency Freefall Is Here, By Design"
"How It Really Is"
"Consider a turkey that is fed every day, every single feeding will firm up the bird’s belief that it is the general rule of life to be fed every day by friendly members of the human race ‘looking out for its best interests,’ as a politician would say. On the afternoon of the Wednesday before Thanksgiving, something unexpected will happen to the turkey. It will incur a revision of belief."
- Nassim Taleb
Wednesday, November 3, 2021
"Relax..."
"Relax. They're not going to kill us. They're going to
TRY and kill us. And that is a very different thing. "
- Steve Voake, "The Dreamwalker's Child"
○
A must view!
"CV19 Injections Will Cause Massive Deaths"
by Greg Hunter, USAWatchdog.com
"Join Greg Hunter on Rumble as he talks to 25 year veteran Dr. Elizabeth Eads, DO, exposing the lies that Big Pharma, CDC, FDA and NIH are telling the public. Dr. Eads will highlight the real unreported effects of the CV19 injections/jabs and how it’s all gone completely out of control in hospitals across the country."
"Get Ready For Food Rationing"
"Get Ready For Food Rationing"
by Jeffrey Tucker
"It was a very strange moment when this week the spokesperson for the president defended inflation as a high-class problem. She explained that higher prices are merely a sign that economic activity is picking up. People are buying things and that’s good. Of course that pushes up prices, she said. Just deal with it.
At this point, the White House will say anything. Truth, facts, morality - these things matter less and less in current-day America. Your misery is an illusion. Losing your job because you don’t want the jab? Hey, that is the price you pay for noncompliance. Expect no sympathy from anyone in charge.
The Great Rationing: It must have been this flippant dismissal that caused me to go over the top. I wrote that hyperinflation could lead not only to implicit price controls, but also to rationing. Eventually, we could see the government issuing food tickets into bank accounts that allow us only a certain amount of food for the week. One chicken. One pound of hamburger heat. Five rolls of toilet paper.
I wrote that with a worry that I might be going too far here with speculation. This is America, after all, and we don’t do things this way. And yet in the old America we didn’t close churches for Easter, or skip Christmas for fear of a virus. And so on. Yet we know now that in fact we do these things, and easily. Fear makes anything possible.
And so right on cue — things are moving very fast these days — The Washington Post has published an article by one of its regular contributors (Micheline Maynard) with one message: "GET USED TO IT!"
She says that we have come to expect too much for the economy. Ever since 1911, she says, we’ve been obsessed with getting stuff and getting it fast. That’s dumb, she says. Deprivation is not only the new normal; it’s the way things should be. “Across the country, Americans’ expectations of speedy service and easy access to consumer products have been crushed like a Styrofoam container in a trash compactor,” she writes. “Time for some new, more realistic expectations.”
For example, she writes of the candy shortage. The milk shortage. The everything shortage. Then she concludes: “Rather than living constantly on the verge of throwing a fit, and risking taking it out on overwhelmed servers, struggling shop owners or late-arriving delivery people, we’d do ourselves a favor by consciously lowering expectations.”
How bad can it get? She saves the best for the very end: “American consumers might have been spoiled, but generations of them have also dealt with shortages of some kind - gasoline in the 1970s, food rationing in the 1940s, housing in the 1920s, when cities such as Detroit were booming. Now it’s our turn to make adjustments.”
You might read that again. She is defending gas lines. More astonishingly, she is going on about the glorious suffering of wartime, when food was rationed with rationing tickets! You cannot make this stuff up. What’s worse, that The Washington Post published it reveals something about what they imagine could be our future. And by future I don’t mean distant future. I mean next year.
No One Is Safe: You will notice the growing tribalization of everything and everyone in the last 20 months. People are retreating to what is safe and known, their own kind. Their neighborhood. Their closest friends. Their families. Even those are strained, but that is all we have. The old world of integration and heterogeneity is shattered, commercial culture is dead in large parts of the country and fear and depression are taking over as the dominant emotions.
I write that and my friends in Texas, Florida and South Dakota say: “I have no idea what you are talking about. Life around here is normal. Concerts are packed. Restaurants are busy. No one is wearing masks. We are so over this!” I’m happy for them. Truly. But there’s a problem. Many problems. We all share the same monetary unit. Supply chains are connected all over the country, and the world. Every state relies on goods from every other state. We are long past autarky. We can feel like we are safe, but we are not.
Hyperinflation will affect everyone without exception. If North Carolina can’t get milk and chicken, neither can Florida and New Mexico. The deprivation will be shared. A good example is the car shortage. Texas was not spared simply because the state has a relatively halfway decent governor who finally got wise, too late, but he finally got there. Still the car lots are empty.
It’s the same with many things. We all use the same dollar. Its destruction will hit South Dakota the same as it hits California. There will be no safe space. Many people moved to get away from despotism during this last year. They thought they were safe. They are not. Yes, life for now is better in Miami than Chicago but when the crisis hits, it will not spare red states with reasonable governors just because the people there have not been part of the insanity for a long time. They will still pay the price.
The Great Deprivation: In the past when things went wrong, at least our leaders admitted that things were not going so well. They tried to fix the problem. It’s not clear that our current leadership in Washington even believes it is a problem. The response toward existing inflation is telling. They think it’s all fine. Gas lines? Fine: Just switch to electric. No heating oil or it is unaffordable? That’s all the better for solving climate change. No bags in the stores? Just bring your own. No meat? Eat veggie burgers. And so on.
These people are part of a cult. They do not oppose poverty. They think it’s about time we experienced it. Poverty is good for us. Deprivation is plenty. Inflation is prosperity. Empty shelves are a reset to the way things should be. These are people for whom socialism was not a failure but a triumph in which people learned to become a new form of community through suffering. In fact, they are pro-suffering. It’s a new form of leftist ideology that has gained steam for decades. Now they are in charge. They get perverse pleasure out of the whole scene.
It doesn’t matter how bad it gets. Our leaders will never admit failure. They will look at the disaster they are creating and call it success. This is what is truly chilling about the unfolding crisis: They do not believe it is a crisis. They think this is a reset to the way things should work."
○
Related:
"A Panic Buying Frenzy Has Begun As Fears Of A Dark Winter Continue To Rise"
Full screen recommended.
"A Panic Buying Frenzy Has Begun As Fears
Of A Dark Winter Continue To Rise"
by Epic Economist
"A new wave of panic buying has started amid growing fears of food shortages during the coming winter. Due to extreme weather, widespread crop failures, rising commodity prices, and an energy crisis that has been shutting down factories all over the world, global food supplies are getting tighter and tighter. Even in the best of times, we struggle to feed everyone on the planet. And considering the unprecedented chaos we have been facing over the past two years, those have definitely not been the best of times. To make things worse, since the beginning of the health crisis our supply chains have been hanging by a thread. As a consequence, food prices have been absolutely skyrocketing. According to the latest read of the UN's Food and Agriculture Organization Price Index has shown that global food prices shot up by a staggering 40 percent from a year ago.
Those significantly higher food prices combined with a historic increase in the prices of many other commodities are contributing to a global inflationary spike that is putting millions of households at risk of facing food insecurity. In fact, the report says this was the largest increase since 2010-11, when geopolitical events and soaring food prices triggered the so-called Arab Spring that led to a societal collapse in Egypt and massive upheaval elsewhere. Moreover, if food prices continue to escalate that quickly, we will inevitably see social uprisings, food riots, and much more turbulence erupt all around the planet in the months ahead. Now, even the Chinese government is telling people to start preparing for the worst-case scenarios. The country is struggling with a 50 percent price spike across several products, including vegetables and fresh produce.
On Monday, Beijing warned citizens to start stockpiling food for the coming months, and the directive has put many people on edge. Bloomberg reported that the country’s Ministry of Commerce late Monday issued a notice advising local governments to encourage the population to stockpile “daily necessities,” including vegetables, oils and poultry, in order to “meet the needs of daily life and emergencies.”The Chinese government tends to issue warnings like this exclusively to local authorities. The fact that this time the warning was directed to the public as well is sparking major worries about what might be coming next for the nation. The unexpected warning sent shock waves across the economy. On Tuesday, citizens were describing on Chinese social media that a panic buying frenzy had started one more time in local supermarkets. Some started speculating that authorities were reminding people that they "might not be able to afford vegetables this winter". “As soon as this news came out, all the people near me went crazy panic buying in the supermarket,” one of them wrote on Weibo.
When centralized governments like China issues directives such as this one, and people engage in a massive panic buying frenzy, the price of goods goes through the roof. That's why, according to a state TV report, local authorities must hold on to food inventories and only release reserves "at an appropriate time" to prevent soaring food inflation and shortages. The measure sparked even more suspicion about the reason and timing the government issued the stockpiling directive. Local sources say that Chinese officials want people to get ready for a possible conflict with Taiwan. Even though it's too early to tell if that's the real motive behind the order, tensions continue to rise between the two countries. Meanwhile, here in the US, we are definitely not ready for a confrontation with China over Taiwan, especially now that we have begun the process of expelling large numbers of officials out of their troops. Mass lay-offs are happening in major industries across the country at this point. Just imagine what our country is going to look like when this mandate hits our already short-staffed supply chains.
And while governments continue to create, borrow and spend artificially created money at breakneck speed, food prices will continue to hit new highs and the people will ultimately have to pay for the crisis our leaders created. We cannot forget that a global energy crisis is also fast spreading around the world, and if things are bad now, just wait until food processing plants around the world start to be shut down for extended periods. Then we will see real chaos taking over. On top of everything, a series of other unpredictable factors will combine to continue to suppress agricultural production all over the planet. That means that this time we actually have to agree with the Chinese government: Stock up while you still can because things are starting to rapidly spiral out of control."
“FED In Fantasyland, Creating Bigger Bubbles, More Debt; Home Flipping Done; Shortages Increase”
Jeremiah Babe, PM 11/3/21:
“FED In Fantasyland, Creating Bigger Bubbles, More Debt;
Home Flipping Done; Shortages Increase”
"A Look to the Heavens"
"The Horsehead Nebula is one of the most famous nebulae on the sky. It is visible as the dark indentation to the orange emission nebula at the far right of the featured picture. The horse-head feature is dark because it is really an opaque dust cloud that lies in front of the bright emission nebula.
Like clouds in Earth's atmosphere, this cosmic cloud has assumed a recognizable shape by chance. After many thousands of years, the internal motions of the cloud will surely alter its appearance. The emission nebula's orange color is caused by electrons recombining with protons to form hydrogen atoms. Toward the lower left of the image is the Flame Nebula, an orange-tinged nebula that also contains intricate filaments of dark dust. Two prominent reflection nebulas are visible: round IC 432 on the far left, and blue NGC 2023 just to the lower left of the Horsehead nebula. Each glows primarily by reflecting the light of their central star.
"A Cherokee Proverb"
"An old Cherokee is teaching his grandson about life. “A fight is going on inside me,” he said to the boy. “It is a terrible fight and it is between two wolves. One is evil – he is anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and ego.” He continued, “The other is good – he is joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion, and faith. The same fight is going on inside you – and inside every other person, too.” The grandson thought about it for a minute and then asked his grandfather, “Which wolf will win?” The old Cherokee simply replied, “The one you feed.”
"A Cherokee Proverb"
The Poet: Mary Oliver, “The Journey”
“The Journey”
“One day you finally knew
what you had to do, and began,
though the voices around you
kept shouting
their bad advice -
though the whole house
began to tremble
and you felt the old tug
at your ankles.
“Mend my life!”
each voice cried.
But you didn’t stop.
You knew what you had to do,
though the wind pried
with its stiff fingers
at the very foundations,
though their melancholy
was terrible.
It was already late
enough, and a wild night,
and the road full of fallen
branches and stones.
But little by little,
as you left their voices behind,
the stars began to burn
through the sheets of clouds,
and there was a new voice
which you slowly
recognized as your own,
that kept you company
as you strode deeper and deeper
into the world,
determined to do
the only thing you could do -
determined to save
the only life you could save.”
- Mary Oliver
"Revenge of the Real World"
"Revenge of the Real World"
by Charles Hugh Smith
"Rather than stare at empty shelves, you have two options for distraction: you can don a virtual-reality headset and cavort with dolphins in the metaverse, or you can trade various forms of phantom wealth that always go up (happy happy!) because the Fed. Neither distraction actually solves any real-world problems, a reality we can call the Revenge of the Real World We've entered a peculiar phase in American history in which illusions of wealth and control are the favored distractions from the unraveling of the real world economy and social order.
Printing trillions of currency units can't restore the global supply chain or social cohesion, Rather, jacking phantom wealth to the moon is only accelerating the collapse of the social order and the economy even as it accomplishes absolutely nothing in terms of solving real-world problems. Let's start with the core economic realities of the 21st century:
1. The number of high-consumption ("middle class") people doubled from 1 billion to 2 billion. The human populace has expanded to 7.9 billion individuals, but poor people who don't have enough money to consume large quantities of energy, goods and services delivered by the global supply chain don't have much of an impact on global consumption of energy and resources. It's the number of people jetting around the world playing their part in the landfill economy (toss the old one, buy a new one) who drive "growth" (i.e. waste is growth).
Strangely enough, there are actual physical limits to resources being transformed into junk being dumped in the landfills. Humanity's rapacious appetite for stuff has extracted all the cheap-to-extract resources and now all that's left are the increasingly expensive-to-extract resources.
2. Corporate America offshored most of the production of essentials to exploit the low labor and energy costs, minimal environmental standards and currency arbitrage of overseas production. The net result has been an astounding increase in corporate profits.(see chart) But a funny thing happened on the way to Corporate Profit Nirvana: America became dependent on foreign supply chains. In essence we traded national security for corporate profits. Now the real-world costs of that myopic greed are becoming apparent.
3. Global supply chains have been optimized for cheap energy and cheap credit. This optimization stripped away all the buffers as a means of maximizing profits. Once the system veered outside the narrow band of optimization, the entire system lost coherence and unraveled.
Now that the entire global supply chain has been optimized to maximize profits as the expense of buffers, the buffers are too thin to save the system from collapse. (see chart) The entire dependency chain depends on cheap energy (all those cheap seats on wide-body aircraft were subsidizing the air cargo beneath the passengers' feet) and cheap credit, as consumers can't buy enough with earnings to keep the machine well-oiled. And firms in the dependency chain need ample cheap credit to function, as many have receivables that stretch out over 90 days. Without cheap credit, these firms would have to close down.
The status quo response would be amusing if the consequences weren't so dire: we don't need no stinking buffers! The supply chain for the landfill economy will be back up to full speed any day now, or maybe next year, but don't you worry, the conveyor belt from China to big-box store to the landfill will be fully restored.
In the meantime, cavort with dolphins in the metaverse and trade tokens of phantom wealth to amuse yourself. We're counting on magic to put it all right, and if that doesn't work, then the real world's revenge will be something to behold."
"Broken Chains"
"Broken Chains"
by Bill Bonner
"No sugar tonight in my coffee,
No sugar tonight in my tea..."
– "No Sugar Tonight," by The Guess Who
BALTIMORE, MARYLAND – "Yes, Dear Reader, as if rising sea levels and falling vaccine protection weren’t enough, here’s something else to worry about… Supply Chain Disruptions. SCD. Time Magazine: "Biden Announces New Steps to Address Supply-Chain Disruption. Don’t wait! What holiday items you should buy now because of supply chain issues
CNBC: "Chinese EV maker Nio sees drop in October deliveries due to manufacturing and supply chain disruptions. Is your favorite cereal missing from the shelf? SCD. Is your dealer unable to get the model of car you want? SCD. Is the price of a gallon of milk now at $6.99? SCD."
Until this year, we had never heard of SCD. For more than 2,000 years, SCDs were scarcely mentioned. And now, it’s on every pair of lips. Ships are backing up at Long Beach, California… as the Chinese valiantly try to overcome SCD by stuffing the supply channel to the U.S. And the whole nation sits on the edge of its seat, wondering if SCD will ruin Thanksgiving… Christmas… and the American Way of Life…
Why Now? But why, after so many years with no SCD… is the world suddenly full of it? How come? Can you guess whose fault it is? Moral philosopher Adam Smith illustrated the complexity of the division of labor in 18th century England by describing a pin factory: "One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head; to make the head requires two or three distinct operations; to put it on, is a peculiar business, to whiten the pins is another; it is even a trade by itself to put them into the paper; and the important business of making a pin is, in this manner, divided into about eighteen distinct operations, which, in some manufactories, are all performed by distinct hands."
More than 200 years later, the world economy is far more complicated. One group mines and refines the silicon. Another group – which includes chemists, engineers, metallurgists, machinists, mathematicians, electricians, cleaners, security officers, and God-knows-who-else – transforms it into “chips.” These are then shipped across the widest ocean in the world, to be used in thousands of different “applications”…where they are plugged into everything from toaster ovens to air pressure sensors…assembled by other teams, drawing on specialists, scientists, and assembly line workers from all over the world…using parts that come from Europe, Asia, North and South America…and made from almost all the 118 elements in the periodic table, put together into millions of different parts and pieces…for millions of other finished products.
Whew!
Accurate Measures: As the complexity grows, so does the need for accurate, honest measures. It doesn’t really matter if they are high or low… but they must be true. Down to microns, microradians, and Planck lengths… one group has to shape its components to the precise size that will fit in another group’s templates. And it must know precisely how much it can afford to spend to make it… and when, precisely, and where, precisely, it is meant to be delivered. A tiny part… off by a fraction of an inch… with the wrong specifications… delivered to the wrong town… on the wrong day… at the wrong cost – what a disaster!
Just in Time: One of the innovations that made the modern economy possible was money. You didn’t have to know the fellow you were buying from… or even speak his language. You just had to know what he delivered… and at what price. A more recent innovation was “just in time” inventory systems. Rather than keeping things on hand, it was cheaper to have them delivered when they were needed. This made the process cheaper and more fluid… but also more fragile. It was amazing that it worked so well. But, in general, people could trust each other to make the components to their specifications… and deliver them on time.
Fed Meddling: And then came the feds. First, they fudged the money. It has already lost 98% of its value over the last 100 years… And inflation is picking up. As the dollar weakens, it’s harder and harder to make long-term projections. Then, they queered the interest rate. World commerce operates on credits and debits, to be satisfied later. But you don’t know what either is worth unless you have an accurate interest rate. At negative real rates (adjusted for inflation)… which we’ve had for almost all of the last 12 years… any calculation is just a fruit salad of guesswork.
And then there were the feds’ tariffs, trade restrictions, and sanctions… further complicating the situation. These were followed by lockdowns, shutdowns, border closings, mask mandates, and social distancing. Factories closed. Workers stayed home. And then… Without the nail, the horse is lost. Without the horse, the rider is lost. Without the rider, the battle is lost. And without the battle… the whole supply chain is, well, FUBAR.
Last Straw: And then, as if that weren’t enough… the feds stimulated demand by handing out fake money. Drawing on the feds’ stimmy checks and unemployment toppers…all of a sudden, in came the orders… and retail sales went up. But existing inventories couldn’t meet them. Suppliers couldn’t fill them… And transport companies couldn’t deliver them…The supply chain broke apart. Thank God the feds are on the case!"
"That One Chance..."
“You get that one chance; and damn it, you’ve got to take it! If there’s one lesson I know I will take with me for eternity, its that there are those things that might happen only once, those chances that come walking down the street, strolling out of a café; if you don’t let go and take them, they really could get away! We can get so washed out with a mindset of entitlement – the universe will do everything for us to ensure our happiness – that we forget why we came here! We came here to grab, to take, to give, to have! Not to wait! Nobody came here to wait! So, what makes anyone think that destiny will keep on knocking over and over again? It could, but what if it doesn’t? You go and you take the chance that you get; even if it makes you look stupid, insane, or whorish! Because it just might not come back again. You could wait a lifetime to see if it will… but I don’t think you should.”
- C. JoyBell C.
"Financial Reckoning Looming for All Markets - History is Repeating"
Full screen recommended.
Dan, iAllegedly 11/3/21:
"Financial Reckoning Looming for All Markets -
History is Repeating"
Gregory Mannarino, "AM/PM 11/3/21"
Gregory Mannarino, AM 11/3/21:
"Slave System:
Today Will Be An EPIC Day For The Market"
○
Gregory Mannarino, PM 11/3/21:
"FED Taper? The Truth AS To What Just Happened,
And It's Not What You Think"
Subscribe to:
Posts (Atom)