Lower interest rates! Was it Trump that set rates for the 8 years after GFC at/near 0%? It doesn't matter who the president the Fed will do what the Fed does.
IT IS THE CENTRAL BANKS. Call your representatives and tell them to back the Audit the Fed bill now in the House.
Looking back it was Biden who sunk us deeper in debt. When he took office in 2020 the national debt was $19T plus, it was over $36T when he left office. It seems strange no one ever said much re Biden, rates and debt. It MUST be Trumps fault!
It started with Obama abandoning the sound dollar policy between 2010 and 2012 with QE, and growing indicators of stagflation. They tried to back off the spending, but each time they did the market threatened to collapse from liquidity issues, which were caused by the central bank bankers in charge of the remaining large institutions. Overall they continued this to present day.
As for the money spent by the government those numbers aren't entirely correct, and as you note in a bit of a round about way, the numbers don't include the fact that money expansion in the private sector has gone out of control, and will force immediate bailout as banks fail from liquidity not keeping pace, especially with the fractional reserve rate set to 0%, and basel 3 being adopted in an incomplete and unmanageable form.
Modern money mechanics covers the expansion difference when it was fractional reserve. The math goes weird once fractional reserve goes below 1% (no longer linear but approaching exponential, with 0% an asymptote without limiters would go to infinity, those reserves though occur in capital reserves but are based in objective, not subjective value; obviously doomed to fail given Carl Menger's work).
There are certainly people to blame, some more responsible than others (baby boomers), but really what it comes down to is that the people wanted this. They wanted social security and medicare, and didn't care how they would pay for it. They decreed, and in that decree they left it to future generations to solve, ever spending more.
Some people elected or unelected decided the next generation of children spawned will pay for it, and they went about ensuring nothing less than slavery for them. Everyone knows money isn't free, and no one who could take action did, against it.
So in a way, every single person who didn't act to overthrow the people responsible for this are in effect responsible for the current outcome.
Today, people can't make enough money to support themselves with necessities, let alone enough to date, support a wife, or have three children (sufficient for 1 to survive to have children themselves). This is why in 8 years there will be more deaths than births.
To this day, the boomer cohort still holds the majority of political power, steadfast in their clutch to retain power while not representing their constituents by oath. Those holding to their oaths don't front-of-line block changes that are needed to avoid extinction.
There are some exceptions on the individual level, but in aggregate this is what was decided, the natural breakdowns follow which is what lead to the rise of a demagogue emperor, who will seek empire sacrificing the republic, and that too will also fail as history has shown repeatedly from corruption within with private armies, land reform issues, and and castes of the haves and have-nots (plebes/patricians).
It should come as no surprise but it is a very evil thing to choose to sacrifice your children's future for comfort or security. Being evil objectively in many respects is about willfully blinding yourself to the consequences of actions you take or choose to support and complacency is sloth.
What do you suppose the children of parents, who without knowing, raised their children for the slaughter. What will they do when they find out the truth, that they were lied to and deceived, indoctrinated with intent to deprive them of their future, and cripple to retain control. Manipulated even.
The natural reaction to manipulation is irrational violent reversal, and I fear that is what is ahead based on what I've read of history. Failed biological imperatives with nothing to lose breed individuals that are highly motivated to remove barriers blocking others futures.
I imagine it will be similar to the times written about in Thomas Paine's writings, going all the way back to 1776, when he references dead men ruling, but also different insofar as we are at the limits of growth.
When everything has been teetering on the brink like dominoes just waiting to be pushed over, because of the previous generation failing both the social and generational contract did so to retain control and enrich themselves, how much effort would it take to just push it over the edge?
More importantly would there be people crazy enough to do it, specifically if they'd been tortured their entire lives? Everyone eventually breaks under torture? These dark tidings are food for thought.
Malthus and Catton say once production fails with shortage sustaining, the global population of people today halves at a bare minimum, to less than 4B sustainable.
The signs from history are there to be seen, but few actually make the connection. The Cassandra Effect. Some do listen, to save what they can and build a foundation for the future, and that starts with action.
You make a few good points, the best being, "So in a way, every single person who didn't act to overthrow the people responsible for this are in effect responsible for the current outcome."
The one thing you didn't comment on is if the US Constitution had been followed we would not have the societal morass we do today. The people didn't ask for social security or medicare but was thrust on them by politicians who were trying to replace God with government! After all both social security and medicare ARE unconstitutional.
To me you sound like an individual that has been educated in philosophy at some university. Tell me, did they ever teach you about the Hegelian Dialectic? I would not think they would as it is the method they use to educate the masses to the reality THEY want them to embrace.
The current day is just an aggregate of past choices made by others. The majority of the boomer and the surviving silent generation did ask for social security post WW2. Those born after had no say in the world that came out of those decisions.
> Educated in philosophy at some university.
Thanks, I am largely self-taught from reading the classics which started with Greek classics like Plato's Republic, through the Enlightenment (Descarte,Social Contract), and a few other well known authors like Kant/Ilyin (On resistance to evil by force for the latter).
I'm familiar with Hegel insofar as his dialectic and history deviate somewhat with Marx, where Marx bastardized the Hegel's process towards false ideology (praxis/nihilism), and communists thereafter have used a variety of concepts since taken from both to justify the unjustifiable; and promote disunity through identity politics.
"The majority of the boomer and the surviving silent generation did ask for social security post WW2."
I will need some proof to believe that. The socialism by FDR rose out of the great depression and citizens around the world were looking for anything positive.
As far as Karl Marx, he was a front man for the Bank Of England. The BofE had gained what Marx popularized as the Communist Manifest from principals expounded on by an American named Clinton Roosevelt back in the 1840s.
Ok, first there have been some minor changes over the years as to the exact date ranges, generally speaking the silent generation are largely considered the generation who were born between 1925 and 1940.
Calvin Coolidge and the Fed largely caused the crisis by failing to regulate banks appropriately, and failing to assist the many rural banks who ended up in liquidity traps.
From the recession in 1920 following WW1, 1921 thru to 1929, a massive bubble was created alongside massive increases in production from advances in technology. Hoover (1929) ended up being a bag holder, and FDR (1935 signed the SS Act during the second new deal iirc). The programs ended up prolonging the depression, which didn't fully end until 1941 with the start of WW2. The SS Act was only compulsory for 6 of 10 jobs initially.
Deflationary debt crises are as much psychological as they are real things. Without the credit from the banks that overleveraged and went out of business, the cities in 1921 became the primary place to find jobs to afford basic goods, that changed in 1929. Most lost everything in the crash of 1929, and there was also pressure from foreign investments that were lost during Weimar.
Ray Dalio's Bridgewater Associates compiled a series of reports called "Principle of Navigating Big Debt Crises", which have reference to the economic data, as well as newspaper clippings from the Federal Reserve at the time. Well worth it to have in one place, albeit his team's conclusions are somewhat wrong.
Post-WW2, veteran's benefits did not cover many who had returned disabled following the 2nd war, and to ease issues domestically congress passed additional amendments during that time to support dependents of disabled veterans that did not qualify for the stricter veteran benefits of the time, under what is the modern version of Social Security (SS).
At the same time compulsory SS was being propped up by liberated Belgium and France for all workers (1944), and by 1949, Social Security became compulsory in the US for all jobs.
The fundamental push for SS was to support disabled veterans and their dependent families who had enlisted, but who did not have extended military careers (sufficient to receive veteran benefits). Many were injured unable to work.
Since that time, SS has increased in breadth and depth of scope, with automatic COLA increases, additional supplemental benefits/welfare benefits, survivorship, and much more under Nixon through to current day, again largely to assist those returning from the Vietnam war.
Any politician who muses publicly about reforming Social Security has been voted out of office every time regardless of party.
The boomer generation still retains a political majority today, and actively blocks any SS reform, though they were supposed to cede that political majority to Gen X in 2000, Y/Early Millennials around 2010, and Z by 2020. They are now dying in office from old age, because they rewrote and broke systems to make it so those who are older have more committee power. This is the reason Feinstein died in office instead of retiring, and competency is not being reported by physicians.
SS will require a bailout in 2033 to the tune of 7.7T, more if interest rates go against us. David Schweikert has been bringing up these things in the house for years, and no one listens to him. Birth rate will drop below deaths in 8 years, and the debt trap you can't crawl out of in 9.
Hopefully that's sufficient, or at least gives you some ideas on where to look for support that backs the claims up.
There have been a number of books more recently touching on this subject matter. "The Pinch" by David Willetts is the better one if I'm remembering right. The Theft of a Decade was very poorly researched, and written by a shill for Wall Street circles.
I'm not familiar with Clinton Roosevelt, so I'll look into him. The most sound thing I've seen regarding Marx's origins were largely speculative (where only a single surviving source seemed to point to him misappropriating techniques he'd learned from Jesuits as a young man).
I apologize for the $19T number as I should have known better than to quote a Youtube source. But even at that, numbers from $21-22T are found, plus the last number when Biden left office there was over $36T!
You must be using a California calculator to figure the Biden debt went up only $8T.
I couldn't agree more.There is no telling what the real numbers are.Economy is so maniacally financialized that any real appraisal is impossible.Give me your opinion on the derivatives market.lol
My understanding is the notional amount of derivatives outstanding eclipses a $$$Quadrillion! It was the credit default swap derivative which should have bankrupted half the players like Goldman Sachs, AGI and Citigroup*. This time period now will suffer what should have happened in 2009, but no, they had to be bailed out! The world financial system has been in the eye of the storm now for 15 plus years. It won't be long and we will exit the eye into the eye-wall and things will noticeably go from bad to worse!
Wasn't it the bankers needed a bailout of $800B? If you know how this system operates you know the US govt borrowed $800B form the bankers...then gave it back to them!
For the uninitiated, the US govt did not have $800B lying around, nor did the bankers. But by creating a loan to the US govt, poof $800B appeared out of nothing!
One other thing regarding derivatives. I heard a news piece years ago that changes to the BK laws made it possible for banks that if they carry derivatives on the operating bank balance sheet they will have those derivatives protected by FDIC! Remember the FDIC has a nest egg of at best, $50B!
BTW Speaking of 2005 does anyone realize a new law mandating all vehicles made in 2005 and after, are subject to satellite monitoring and control.
That means if you bought a 2005 vehicle the US govt knows every place that vehicle has been and if they find something about you questionable they can turn off your vehicle!
*Here is an example of a great round of "beat the street". In either the third or fourth quarters earnings of 2009 Citigroup reported losses of $20B for the quarter. This of course set the stock price to doubling! Why? Because Citi beat the analysts expectations by losing ONLY $20B instead of the $20.6B the analysts had projected!
I remember well Paulson and Boy Bush jointly announcing the "necessity"of giving the banksters a $770 billion bailout.Since then bailouts have become so commonplace that the dumbed down tax cattle do not even expect to receive any formal notice.As for the derivatives market I do not believe that anyone really understands how large it really is nor how dangerous it is.Last estimate I recall from 4-6 years ago was over $1.4 quadrillion
Derivatives are among the most complex financial instruments. They are often difficult to understand,use, and value.
Derivatives increase exposure to specific risks,which tends to magnify potential gains but also losses. Surprisingly large losses can result when
markets are volatile which we are experiencing now.
Derivatives are most frequently used by unscrupulous promoters,whom we have in abundance, to commit fraud because of their complexity and leverage.These crooks running the casino exploit greedy investors with visions of outsized returns which are rare at best.
I don't know but wonder if the Black Swan causing the collapse will come from this financial Frankenstein.
They present a novel mechanism for creating synthetic shares, and have been used underlying every asset of the market to speculatively yield farm from dark pools using payment for order flow, and strangles, as well as the creation of synthetic shares for your occasional gamestop/FRC black swan.
Market makers are allowed an exemption which lets them sieve money. You can also see this in the warrant paper markets of commodities where you cannot take "physical delivery", because this is just a paper warrant. The broker you use often has no "loadout policy", unless it is an FCM. You can learn more about this here.
That has got to be it! California calculators and even California tape measures! When I was in business in Phoenix for 20 years, 80% of my vendors were in California.
I always wanted to know why 30% of parts I ordered were wrong. I told the president of one of my industries largest manufacturers that we would both be better off if at least half of his employees could read and write!
It got so bad I got to the point of having MY customer listen to me making arraignment to the vendor on speaker phone.
One such case the customer broke a widow and needed a replacement. With him standing behind me I called in the order to Barb detailing the part needed. She replied they were loading a truck for Arizona and it would be along before the end of the week.
Anyway several days past the and truck showed up for delivery as promised. However my customer's special order was no where to be found, the next day he cruised in. I explained there was nothing for him so I suggested we call and find out what happened.
Again on speaker phone, I called and got Barb. I asked her what happened and she replied they had no record of the order! My customer's jaw almost hit the floor.
DO you understand? If my customer hadn't heard both sides of that conversation he would have only seen me, he would of thought of me as dropping the ball. Unfortunately this was not a one off and I became pretty thin skinned over the years!
Thanks so much, Greg, for your work. We are hearing rumblings about abolishing the IRS. I like the idea, but I fear it immensely. Presumably, no IRS means no federal taxes. Or does this mean low taxes, though not enough to be worrisome? If no IRS means no taxes, then the government will be losing some 1.5 trillion dollars in income. Do not think for a moment that tariffs will make up the difference. It will mean more fiat which will amplify and extend the poverty in the nation. People will beg for relief from their more and more worthless dollars. The relief will be universal basic income, followed by tokenization. So, in my opinion, no IRS is another stepping stone to tokenization, disguised as “relief” from the current struggle of the middle class.
Is there not something worthy of perpetuation in our Indian spirit of democracy, where Earth, our Mother, was FREE to all, and no one sought to impoverish and enslave his neighbor?
—Charles A. Eastman (Ohiyesa) Santee Sioux, 1858-1939.
...tell that one to a cry Boomer. Or prepare to be in a constant state of voluntary suffering and self-denial, because of and by mob rule (democracy.) Accept the pain.
There was no news. Then suddenly a pan selloff that began around noon Eastern time even while the US10Y was falling. The MMRI was below 300 and stable all day. That shows that the market is rigged, as we all know that it is.
A whirlwind Greg, kind of like the central banks have to sell their stock to buy the debt. Seems obvious sime days. Heres an idea, add thrre zeros to everyones assets, but require everyone to pay their debt still priced in old currency,. Everything repriced in probably the digital currency which i call bullshit on, We move on debt free mostly SS and all are also repriced. Of course. The rich get richer, the poor get out of debt, the government gets out. We move on. Whats not to love? Fiat cant really go away. Debt and interest are the drag on dollar velocity.
so you think the BBB is a legitimate organization?? really? they are a worthless, impediment group of people that 'sucks off' legitimate businesses (looking for funding). waste of space. just like the Government.
Lower interest rates! Was it Trump that set rates for the 8 years after GFC at/near 0%? It doesn't matter who the president the Fed will do what the Fed does.
IT IS THE CENTRAL BANKS. Call your representatives and tell them to back the Audit the Fed bill now in the House.
Looking back it was Biden who sunk us deeper in debt. When he took office in 2020 the national debt was $19T plus, it was over $36T when he left office. It seems strange no one ever said much re Biden, rates and debt. It MUST be Trumps fault!
Central bank is our government.The bit players come and go.
And paper is not money.
It started with Obama abandoning the sound dollar policy between 2010 and 2012 with QE, and growing indicators of stagflation. They tried to back off the spending, but each time they did the market threatened to collapse from liquidity issues, which were caused by the central bank bankers in charge of the remaining large institutions. Overall they continued this to present day.
As for the money spent by the government those numbers aren't entirely correct, and as you note in a bit of a round about way, the numbers don't include the fact that money expansion in the private sector has gone out of control, and will force immediate bailout as banks fail from liquidity not keeping pace, especially with the fractional reserve rate set to 0%, and basel 3 being adopted in an incomplete and unmanageable form.
Modern money mechanics covers the expansion difference when it was fractional reserve. The math goes weird once fractional reserve goes below 1% (no longer linear but approaching exponential, with 0% an asymptote without limiters would go to infinity, those reserves though occur in capital reserves but are based in objective, not subjective value; obviously doomed to fail given Carl Menger's work).
There are certainly people to blame, some more responsible than others (baby boomers), but really what it comes down to is that the people wanted this. They wanted social security and medicare, and didn't care how they would pay for it. They decreed, and in that decree they left it to future generations to solve, ever spending more.
Some people elected or unelected decided the next generation of children spawned will pay for it, and they went about ensuring nothing less than slavery for them. Everyone knows money isn't free, and no one who could take action did, against it.
So in a way, every single person who didn't act to overthrow the people responsible for this are in effect responsible for the current outcome.
Today, people can't make enough money to support themselves with necessities, let alone enough to date, support a wife, or have three children (sufficient for 1 to survive to have children themselves). This is why in 8 years there will be more deaths than births.
To this day, the boomer cohort still holds the majority of political power, steadfast in their clutch to retain power while not representing their constituents by oath. Those holding to their oaths don't front-of-line block changes that are needed to avoid extinction.
There are some exceptions on the individual level, but in aggregate this is what was decided, the natural breakdowns follow which is what lead to the rise of a demagogue emperor, who will seek empire sacrificing the republic, and that too will also fail as history has shown repeatedly from corruption within with private armies, land reform issues, and and castes of the haves and have-nots (plebes/patricians).
It should come as no surprise but it is a very evil thing to choose to sacrifice your children's future for comfort or security. Being evil objectively in many respects is about willfully blinding yourself to the consequences of actions you take or choose to support and complacency is sloth.
What do you suppose the children of parents, who without knowing, raised their children for the slaughter. What will they do when they find out the truth, that they were lied to and deceived, indoctrinated with intent to deprive them of their future, and cripple to retain control. Manipulated even.
The natural reaction to manipulation is irrational violent reversal, and I fear that is what is ahead based on what I've read of history. Failed biological imperatives with nothing to lose breed individuals that are highly motivated to remove barriers blocking others futures.
I imagine it will be similar to the times written about in Thomas Paine's writings, going all the way back to 1776, when he references dead men ruling, but also different insofar as we are at the limits of growth.
When everything has been teetering on the brink like dominoes just waiting to be pushed over, because of the previous generation failing both the social and generational contract did so to retain control and enrich themselves, how much effort would it take to just push it over the edge?
More importantly would there be people crazy enough to do it, specifically if they'd been tortured their entire lives? Everyone eventually breaks under torture? These dark tidings are food for thought.
Malthus and Catton say once production fails with shortage sustaining, the global population of people today halves at a bare minimum, to less than 4B sustainable.
The signs from history are there to be seen, but few actually make the connection. The Cassandra Effect. Some do listen, to save what they can and build a foundation for the future, and that starts with action.
You make a few good points, the best being, "So in a way, every single person who didn't act to overthrow the people responsible for this are in effect responsible for the current outcome."
The one thing you didn't comment on is if the US Constitution had been followed we would not have the societal morass we do today. The people didn't ask for social security or medicare but was thrust on them by politicians who were trying to replace God with government! After all both social security and medicare ARE unconstitutional.
To me you sound like an individual that has been educated in philosophy at some university. Tell me, did they ever teach you about the Hegelian Dialectic? I would not think they would as it is the method they use to educate the masses to the reality THEY want them to embrace.
> societal morass we do today.
The current day is just an aggregate of past choices made by others. The majority of the boomer and the surviving silent generation did ask for social security post WW2. Those born after had no say in the world that came out of those decisions.
> Educated in philosophy at some university.
Thanks, I am largely self-taught from reading the classics which started with Greek classics like Plato's Republic, through the Enlightenment (Descarte,Social Contract), and a few other well known authors like Kant/Ilyin (On resistance to evil by force for the latter).
I'm familiar with Hegel insofar as his dialectic and history deviate somewhat with Marx, where Marx bastardized the Hegel's process towards false ideology (praxis/nihilism), and communists thereafter have used a variety of concepts since taken from both to justify the unjustifiable; and promote disunity through identity politics.
"The majority of the boomer and the surviving silent generation did ask for social security post WW2."
I will need some proof to believe that. The socialism by FDR rose out of the great depression and citizens around the world were looking for anything positive.
As far as Karl Marx, he was a front man for the Bank Of England. The BofE had gained what Marx popularized as the Communist Manifest from principals expounded on by an American named Clinton Roosevelt back in the 1840s.
Ok, first there have been some minor changes over the years as to the exact date ranges, generally speaking the silent generation are largely considered the generation who were born between 1925 and 1940.
Calvin Coolidge and the Fed largely caused the crisis by failing to regulate banks appropriately, and failing to assist the many rural banks who ended up in liquidity traps.
From the recession in 1920 following WW1, 1921 thru to 1929, a massive bubble was created alongside massive increases in production from advances in technology. Hoover (1929) ended up being a bag holder, and FDR (1935 signed the SS Act during the second new deal iirc). The programs ended up prolonging the depression, which didn't fully end until 1941 with the start of WW2. The SS Act was only compulsory for 6 of 10 jobs initially.
Deflationary debt crises are as much psychological as they are real things. Without the credit from the banks that overleveraged and went out of business, the cities in 1921 became the primary place to find jobs to afford basic goods, that changed in 1929. Most lost everything in the crash of 1929, and there was also pressure from foreign investments that were lost during Weimar.
Ray Dalio's Bridgewater Associates compiled a series of reports called "Principle of Navigating Big Debt Crises", which have reference to the economic data, as well as newspaper clippings from the Federal Reserve at the time. Well worth it to have in one place, albeit his team's conclusions are somewhat wrong.
Post-WW2, veteran's benefits did not cover many who had returned disabled following the 2nd war, and to ease issues domestically congress passed additional amendments during that time to support dependents of disabled veterans that did not qualify for the stricter veteran benefits of the time, under what is the modern version of Social Security (SS).
At the same time compulsory SS was being propped up by liberated Belgium and France for all workers (1944), and by 1949, Social Security became compulsory in the US for all jobs.
The fundamental push for SS was to support disabled veterans and their dependent families who had enlisted, but who did not have extended military careers (sufficient to receive veteran benefits). Many were injured unable to work.
Since that time, SS has increased in breadth and depth of scope, with automatic COLA increases, additional supplemental benefits/welfare benefits, survivorship, and much more under Nixon through to current day, again largely to assist those returning from the Vietnam war.
Any politician who muses publicly about reforming Social Security has been voted out of office every time regardless of party.
The boomer generation still retains a political majority today, and actively blocks any SS reform, though they were supposed to cede that political majority to Gen X in 2000, Y/Early Millennials around 2010, and Z by 2020. They are now dying in office from old age, because they rewrote and broke systems to make it so those who are older have more committee power. This is the reason Feinstein died in office instead of retiring, and competency is not being reported by physicians.
SS will require a bailout in 2033 to the tune of 7.7T, more if interest rates go against us. David Schweikert has been bringing up these things in the house for years, and no one listens to him. Birth rate will drop below deaths in 8 years, and the debt trap you can't crawl out of in 9.
Hopefully that's sufficient, or at least gives you some ideas on where to look for support that backs the claims up.
There have been a number of books more recently touching on this subject matter. "The Pinch" by David Willetts is the better one if I'm remembering right. The Theft of a Decade was very poorly researched, and written by a shill for Wall Street circles.
I'm not familiar with Clinton Roosevelt, so I'll look into him. The most sound thing I've seen regarding Marx's origins were largely speculative (where only a single surviving source seemed to point to him misappropriating techniques he'd learned from Jesuits as a young man).
Trump's first term added $6trillion.Biden added another $8 trillion or so.Just following orders..I doubt that Trump will bring our troops home.
I apologize for the $19T number as I should have known better than to quote a Youtube source. But even at that, numbers from $21-22T are found, plus the last number when Biden left office there was over $36T!
You must be using a California calculator to figure the Biden debt went up only $8T.
I couldn't agree more.There is no telling what the real numbers are.Economy is so maniacally financialized that any real appraisal is impossible.Give me your opinion on the derivatives market.lol
My understanding is the notional amount of derivatives outstanding eclipses a $$$Quadrillion! It was the credit default swap derivative which should have bankrupted half the players like Goldman Sachs, AGI and Citigroup*. This time period now will suffer what should have happened in 2009, but no, they had to be bailed out! The world financial system has been in the eye of the storm now for 15 plus years. It won't be long and we will exit the eye into the eye-wall and things will noticeably go from bad to worse!
Wasn't it the bankers needed a bailout of $800B? If you know how this system operates you know the US govt borrowed $800B form the bankers...then gave it back to them!
For the uninitiated, the US govt did not have $800B lying around, nor did the bankers. But by creating a loan to the US govt, poof $800B appeared out of nothing!
One other thing regarding derivatives. I heard a news piece years ago that changes to the BK laws made it possible for banks that if they carry derivatives on the operating bank balance sheet they will have those derivatives protected by FDIC! Remember the FDIC has a nest egg of at best, $50B!
BTW Speaking of 2005 does anyone realize a new law mandating all vehicles made in 2005 and after, are subject to satellite monitoring and control.
That means if you bought a 2005 vehicle the US govt knows every place that vehicle has been and if they find something about you questionable they can turn off your vehicle!
*Here is an example of a great round of "beat the street". In either the third or fourth quarters earnings of 2009 Citigroup reported losses of $20B for the quarter. This of course set the stock price to doubling! Why? Because Citi beat the analysts expectations by losing ONLY $20B instead of the $20.6B the analysts had projected!
I remember well Paulson and Boy Bush jointly announcing the "necessity"of giving the banksters a $770 billion bailout.Since then bailouts have become so commonplace that the dumbed down tax cattle do not even expect to receive any formal notice.As for the derivatives market I do not believe that anyone really understands how large it really is nor how dangerous it is.Last estimate I recall from 4-6 years ago was over $1.4 quadrillion
Derivatives are among the most complex financial instruments. They are often difficult to understand,use, and value.
Derivatives increase exposure to specific risks,which tends to magnify potential gains but also losses. Surprisingly large losses can result when
markets are volatile which we are experiencing now.
Derivatives are most frequently used by unscrupulous promoters,whom we have in abundance, to commit fraud because of their complexity and leverage.These crooks running the casino exploit greedy investors with visions of outsized returns which are rare at best.
I don't know but wonder if the Black Swan causing the collapse will come from this financial Frankenstein.
Derivatives are not really all that complex.
They present a novel mechanism for creating synthetic shares, and have been used underlying every asset of the market to speculatively yield farm from dark pools using payment for order flow, and strangles, as well as the creation of synthetic shares for your occasional gamestop/FRC black swan.
Market makers are allowed an exemption which lets them sieve money. You can also see this in the warrant paper markets of commodities where you cannot take "physical delivery", because this is just a paper warrant. The broker you use often has no "loadout policy", unless it is an FCM. You can learn more about this here.
https://www.youtube.com/watch?v=RjwU2JJbekM
That has got to be it! California calculators and even California tape measures! When I was in business in Phoenix for 20 years, 80% of my vendors were in California.
I always wanted to know why 30% of parts I ordered were wrong. I told the president of one of my industries largest manufacturers that we would both be better off if at least half of his employees could read and write!
It got so bad I got to the point of having MY customer listen to me making arraignment to the vendor on speaker phone.
One such case the customer broke a widow and needed a replacement. With him standing behind me I called in the order to Barb detailing the part needed. She replied they were loading a truck for Arizona and it would be along before the end of the week.
Anyway several days past the and truck showed up for delivery as promised. However my customer's special order was no where to be found, the next day he cruised in. I explained there was nothing for him so I suggested we call and find out what happened.
Again on speaker phone, I called and got Barb. I asked her what happened and she replied they had no record of the order! My customer's jaw almost hit the floor.
DO you understand? If my customer hadn't heard both sides of that conversation he would have only seen me, he would of thought of me as dropping the ball. Unfortunately this was not a one off and I became pretty thin skinned over the years!
Thanks so much, Greg, for your work. We are hearing rumblings about abolishing the IRS. I like the idea, but I fear it immensely. Presumably, no IRS means no federal taxes. Or does this mean low taxes, though not enough to be worrisome? If no IRS means no taxes, then the government will be losing some 1.5 trillion dollars in income. Do not think for a moment that tariffs will make up the difference. It will mean more fiat which will amplify and extend the poverty in the nation. People will beg for relief from their more and more worthless dollars. The relief will be universal basic income, followed by tokenization. So, in my opinion, no IRS is another stepping stone to tokenization, disguised as “relief” from the current struggle of the middle class.
Eli- “I bet 80% of USA population can be bought with 5000 that they actually pay us “. Hmmm
The yellow brick road to Global poverty.
Is there not something worthy of perpetuation in our Indian spirit of democracy, where Earth, our Mother, was FREE to all, and no one sought to impoverish and enslave his neighbor?
—Charles A. Eastman (Ohiyesa) Santee Sioux, 1858-1939.
...tell that one to a cry Boomer. Or prepare to be in a constant state of voluntary suffering and self-denial, because of and by mob rule (democracy.) Accept the pain.
https://kingworldnews.com/weekly-wrap-with-alasdair-macleod-02-22-2025/
aladair Mccloud on fort knox gold
Don’t worry be happy
There was no news. Then suddenly a pan selloff that began around noon Eastern time even while the US10Y was falling. The MMRI was below 300 and stable all day. That shows that the market is rigged, as we all know that it is.
A whirlwind Greg, kind of like the central banks have to sell their stock to buy the debt. Seems obvious sime days. Heres an idea, add thrre zeros to everyones assets, but require everyone to pay their debt still priced in old currency,. Everything repriced in probably the digital currency which i call bullshit on, We move on debt free mostly SS and all are also repriced. Of course. The rich get richer, the poor get out of debt, the government gets out. We move on. Whats not to love? Fiat cant really go away. Debt and interest are the drag on dollar velocity.
Thank you for this information.
I'm so fed-up with the WHO sycophant's releasing crap. Have discernment.
I didn’t expect crypto to give it all back today.
Greg thank you for this post-market report. I hope you have a great weekend.
FTC says - Submit censorship complaints
If you have been blocked or shadow-banned, contact the FTC.
https://www.thegatewaypundit.com/2025/02/big-tech-censorship-ftc-chairman-announces-investigation-asks/
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FTC? Yeah right. count on the government to fix this problem. NOT.
Yeah only call the government when you don’t need them Hell the BBB is only good for sending a letter to the people that you’re complaining about
so you think the BBB is a legitimate organization?? really? they are a worthless, impediment group of people that 'sucks off' legitimate businesses (looking for funding). waste of space. just like the Government.
LOVE this comment!! Spot on!