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Post by Entendance on Jan 2, 2023 7:26:19 GMT -5
I'm working forty hours Six long days And I'm highly embarrassed
Every time I get my pay And they working everybody
Lord, they working poor folks to death
And when you pay your rent and your car note You ain't got a damn thing left Ain't that a bitch, ha, yes, it is
Somebody doing something slick, yeah, they are
It's got me wondering which is which
Might as well go out of town and dig a ditch Ain't that a bitch, ha, yes, it is
Now ain't that a bitch Let me tell you about my qualifications I program computers
I know accounting and psychology I took a course in business
And I can speak a little Japanese, funk san
Gotta work two years To get one week off with pay
And when I'm on my job I better watch every word I say Ain't that a bitch, ha ha, boy Somebody doing something slick, downtown
It's got me wondering which is which Might as well go out of town and dig a ditch
Ain't that a bitch, it's way, way too cold Now ain't that a bitch
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Post by Entendance on Jan 4, 2023 3:02:30 GMT -5
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Post by Entendance on Jan 7, 2023 2:17:10 GMT -5
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Post by Entendance on Jan 9, 2023 16:44:41 GMT -5
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Post by Entendance on Jan 14, 2023 5:28:20 GMT -5
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Post by Entendance on Jan 19, 2023 0:39:29 GMT -5
Retail Tales Tell a Sad Story about the Economy
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Post by Entendance on Jan 21, 2023 5:17:13 GMT -5
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Post by Entendance on Jan 23, 2023 17:08:37 GMT -5
 One Giant Financial STD and Everybody is Infected – Bill Holter
Precious metals expert and financial writer Bill Holter said last summer that the Fed rate increases would tank the economy. Everywhere you look you see the economy falling apart. House prices and sales are down. Banks are clocking record losses, vehicle prices are falling and unemployment is rising. The economy has not completely crashed, but it will. Holter explains, “There are over $2,000 trillion worth of derivatives outstanding on a global economy...that has maybe a little more than $500 trillion in asset values. So, you have this dog walking around with a gigantic tail that will shake the dog. When derivatives go, it’s a 48-hour event. Who do you think holds all these derivatives? You’ve got the big banks, all the big brokers, all the big insurance companies and they are all going to go down. It’s like one giant financial STD, and everybody is in bed together and everybody is infected.”
Add to this the announcement from Saudi Arabia that it will now accept payment in currencies other than the U.S. dollar and you have the makings of a destabilizing hyperinflationary catastrophe for America. Holter says, “There will be other Arab nations to follow, and that is a huge hit to the artificial demand for the dollar. You had nations all over the world who were forced to buy dollars to buy oil, and that is no longer. Going one step further, these nations who have stockpiled huge dollar portfolios are no longer required to use dollars. What do you think is going to happen to them? Those dollars are going to come back to the U.S., and that will be a hugely inflationary event. It will add many multiples to the dollar pie that thus will dilute the value.”
What is the Fed going to do? Holter says, “The Fed is in a box...They will have to make a choice to save the dollar or save the financial system. They can’t save everything. Something has to break. I have said this for years, and that is there are already losses out there, but somebody has to own up to them. Nobody has had to take the losses because everything has been papered over for so many years where losses were just kicked down the road, and there is no more road.”
Holter goes on to say, “The best way to sum it up is the facade that we have lived our lives through is ending and will completely end. The reality is going to blow people’s minds. That will be a depopulation event because people will be starving...The Fed has always feared a deflationary collapse where it cannot inflate the system. Credit is the foundation to the whole system. If credit cracks and credits collapses, it means the foundation collapses and thus the entire house.”
It everything is collapsing in price, what happens to gold and silver prices. Holter says, “Gold and silver are the only real money on the planet that cannot or will not default.” Holter likes them both and adds, “Silver is the most undervalued asset out there right now.”
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Post by Entendance on Jan 28, 2023 6:45:51 GMT -5
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Post by Entendance on Jan 31, 2023 3:15:07 GMT -5
'...American troops are on the ground in Ukraine, they are just not wearing the uniforms. So, we are at war there, and so is NATO...'
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Post by Entendance on Feb 3, 2023 3:16:18 GMT -5
Chess Master Putin Is Moving Closer To Destroying The US Dollar [The real war is in currencies, not Ukraine]
In the war between the western alliance and the Asian axis, the media focus is on the Ukrainian battlefield. The real war is in currencies, with Russia capable of destroying the dollar.
So far, Putin’s actions have been relatively passive. But already, both Russia and China have accumulated enough gold to implement gold standards. It is now overwhelmingly in their interests to do so.
From Sergey Glazyev’s recent article in a Russian business newspaper, it is clear that settlement of trade balances between members, dialog partners, and associate members of the Shanghai Cooperation Organisation (SCO) optionally will be in gold. Furthermore, the Russian economy would benefit enormously from a decline in borrowing rates from current levels of over 13% to a level more consistent with sound money.
To understand the consequences, in this article the comparison is made between the western alliance’s fiat currency and deficit spending regime and the Russian-Chinese axis’s planned industrial revolution for some 3.8 billion people in the SCO family. China has a remarkable savings rate, which will underscore the investment capital for a rapid increase in Asian industrialisation, without inflationary consequences.
With a new round of military action in Ukraine shortly to kick off, it will be in Putin’s interest to move from passivity to financial aggression. It will not take much for him to undermine the entire western fiat currency system — a danger barely recognised by a gung-ho NATO military complex...
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Post by Entendance on Feb 4, 2023 3:29:35 GMT -5
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Post by Entendance on Feb 7, 2023 2:45:56 GMT -5
NOVAK: RUSSIA WON'T COMPLY WITH ANY WESTERN PRICE CAPS
RUSSIA'S NOVAK: RUSSIA TO VOLUNTARILY CUT OIL PRODUCTION BY 500,000 BPD IN MARCH
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Post by Entendance on Feb 11, 2023 5:12:06 GMT -5
I Guarantee Most Portfolios Aren’t Ready For This
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Post by Entendance on Feb 14, 2023 3:13:28 GMT -5
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Post by Entendance on Feb 18, 2023 3:53:34 GMT -5
Why the Fed Can Let the Housing Bust Rip: Mortgages, HELOCs, Delinquencies, Foreclosures, and Who’s on the Hook
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Post by Entendance on Feb 25, 2023 4:50:59 GMT -5
Fed Fears Complete Economic Collapse – Peter Schiff "The Fed is going to have to throw in the towel on the inflation fight because it will be fighting something it fears more, which is a complete economic collapse." Fed Fears Complete Economic Collapse – Peter Schiff
Be sober, be vigilant; because your adversary the devil, as a roaring lion, walks about, seeking whom he may devour. -1 Peter 5:8 Siate sobri, vegliate; il vostro avversario, il diavolo, va attorno come un leone ruggente cercando chi possa divorare. -Prima lettera di Pietro 5:8
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Post by Entendance on Mar 2, 2023 3:17:32 GMT -5
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Post by Entendance on Mar 4, 2023 4:33:13 GMT -5
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Post by Entendance on Mar 5, 2023 3:19:07 GMT -5
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Post by Entendance on Mar 6, 2023 17:17:12 GMT -5
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Post by Entendance on Mar 10, 2023 17:52:53 GMT -5
Meanwhile...
...if gold is undervalued in the Global North, it would gradually, or perhaps rapidly, gravitate to the Global South in exchange for exports or newcoin, which would not be a bad outcome for the “external money” system and accelerate the broad acceptance of newcoin as reserve currency. Importantly, as physical gold reserves are finite outside of the newcoin zone, the imbalances would inevitably correct themselves, as the Global South will remain a net exporter of key commodities.' |
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Post by Entendance on Mar 15, 2023 17:31:34 GMT -5
Can the blind lead the blind? Will they not both fall into a pit? -Luke 6:39
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Post by Entendance on Mar 18, 2023 5:57:56 GMT -5
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Post by Entendance on Mar 20, 2023 8:30:26 GMT -5
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Post by Entendance on Mar 24, 2023 15:58:46 GMT -5
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Post by Entendance on Mar 28, 2023 2:04:41 GMT -5
I have come to the conclusion that people on the further ends of the ideological spectrum become willfully foolish, because they have to twist reality to suit their preconceived notions and biases.-Jesse
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Post by Entendance on Apr 1, 2023 1:48:17 GMT -5
Significant events in the 2000s created by fallacious Central Bank policies:
2000-2 Market collapse: Tech stocks down 80%
2006-8 Subprime banking crisis: Dow down 54%, massive money printing
2009-21 Stocks & asset markets exploding: Dow up 6X, Nasdaq up 16X
2006-20 Manipulation of rates: US 10yr treasury down from 5.4% to 0.5%
2000-23 US Debt explosion: Up 3.5X from $27t in 2000 to $95t in 2023
2000-23 Global debt explosion: Up 3X from $100t in 2000 to $300t in 2023
2020-23 Real inflation US EU: Up from 0% in 2020 to 10%+ in 2023
The extreme moves and volatility exemplified in the table above has nothing to do with free markets.
They are the manifest consequences of shameless manipulation of markets and market conditions by Central Banks. Such extreme moves could never happen if markets followed nature’s laws and the laws of supply and demand...
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Post by Entendance on Apr 4, 2023 1:37:10 GMT -5
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Post by Entendance on Apr 7, 2023 3:36:54 GMT -5
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What Powell 
India's oil deals with Russia dent .JPG)
JP Morgan’s Massive Gold Derivative Short Position .jpg)
E. 
Market Report: .JPG)
