A typical schitzo opening on Quad-witching morning...DOW down a little, NASDAQ up a little...S&P confused...
https://finviz.comhttps://www.zerohedge.com/markets/35-trillion-reasons-brace-tomorrows-massive-quad-witching-expirationhttps://www.zerohedge.com/markets/here-are-key-stockslevels-watch-todays-35-trillion-quad-witch-opexCigna and that trading volume look squirrely.
Funny Fed quip of the day -
Waller said he thinks the Fed needs to start reducing its bond holdings soon.https://www.zerohedge.com/markets/yield-curve-inverts-prices-multiple-rate-cuts-after-feds-waller-goes-full-hawktardY'all crapped the bed...now complaining about the mess...
Cornered yourself and screwed everybody!
And, no truer wors spoken on our sorry state of affairs than this -
“We know they are lying. They know they are lying. They know we know they are lying. We know they know we know they are lying. But they still lie.” And markets happily swallow it, it seems.https://www.zerohedge.com/markets/how-does-one-trade-xi-biden-callAnyway...as that crap shakes out...see this? This is giving me more concern this morning! Our psychotic Marxist leaders and the Quislings in bed with them are setting everyone up for slavery and despotism -
“When we’re having this discussion, it’s important to dispel some of those who say, well it’s the government spending. No, it isn’t. The government spending is doing the exact reverse, reducing the national debt. It is not inflationary.”
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To quickly break down Pelosi’s bizarre statement I will make a couple of root observations:
First, paying down the national debt has NOTHING to do with reducing inflation. Even if you could somehow gather enough assets to pay off the national debt without creating new dollars from thin air the current inflationary problems would persist. There would still be the matter of the tens of trillions of dollars already fabricated and floating around the global economy. Inflation is directly related to money supply and money velocity. The national debt is secondary to the issue.
Second, we need to ask the most obvious question: If government spending “reduces the national debt” by paying it down, then why hasn’t the national debt gone down?
The Fed and the US government created over $6 trillion in fiat money in 2020 alone, and the national debt only went higher. In fact, the explosion of the national debt correlates DIRECTLY to the amount of dollars created by the Fed to supply various stimulus policies and bailouts over the years. The national debt in 2008 at the onset of the credit crash was around $10 trillion. It took hundreds of years to reach that level. In the span of only 14 years of Fed money creation the debt has now TRIPLED to over $30 trillion.
I’ll say it again – Government spending and Fed stimulus has tripled the size of our national debt in less than 14 years. And, of course, inflation has spiked as the amount of dollars injected into the global system causes the buying power of our currency to decline dramatically. More fiat dollars equals less buying power. This is reality.
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This narrative is not only about protecting the Biden Administration, it is also about protecting the Federal Reserve. As former Fed Chair Alan Greenspan once openly admitted, the central bank answers to no one, and that includes government officials. Many theorize that it is actually the central banks and international banks that make the majority of policy decisions for government, and politicians have very little say in matters. I’m inclined to agree given the number of banking elites and globalist Council on Foreign Relations members that seem to permeate every single presidential cabinet (this includes Trump’s cabinet as much as Biden’s).
Biden is an empty shell of a man barely able to maintain a semblance of sanity, who do you think really runs the country?
I have been writing a lot lately about how establishment elites and globalists actually benefit greatly from a stagflationary crisis, as long as they are able to divert blame to other sources and are not targeted for retribution by the public. One of these benefits includes a cover event for an agenda that the World Economic Forum calls the “Great Reset,” which is essentially just another name for “New World Order.”
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The stagflation threat worries me more than any other for a number of reasons, and it’s not just because of the potential for extreme poverty. As we all know, the strategy of “order out of chaos” is about creating enough desperation within a target population that the people are willing to give up their freedoms in exchange for a semblance of safety and normalcy. But what specific controls would the establishment seek out?
Stagflation has the ability to trigger much higher prices in necessities, while it simultaneously drags GDP down along with wages, jobs, manufacturing, etc. There is also the very real threat of government price controls, which would suffocate production and reduce the supply of goods even further. We are not quite to this point yet, but the danger is approaching fast.
There are two initiatives within the WEF’s Great Reset agenda that parallel stagflation almost exactly and I predict we will be hearing about them often in the coming year.
The first initiative is the concept of Universal Basic Income (UBI)...UBI is a candy coated trap which breeds dependency in a population. Free money is an addictive drug, and America just had a big taste during the pandemic.
This leads us into the second WEF Great Reset program, which is the concept of the “shared economy.” The globalists think that you should own nothing, have no privacy, and be happy about it. The initial danger here involves rationing. A government cannot institute UBI measures during a stagflationary crisis without also instituting price controls, because otherwise the fiat stimulus used to provide the UBI checks would only create MORE inflation in prices. If UBI is meant to offset inflation but it creates more inflation, then UBI becomes useless. This is another little fact that people like Pelosi will try to gloss over when they claim that money printing helps “fight inflation.”
When price controls are implemented manufacturing will implode further, because price controls mean producers of necessities will not be able to make much of a profit (or they will make no profit at all). There will be no incentive to produce among the people that actually know how to produce, and these people are not easy to replace. The supply of goods will not be able to meet demand.
Naturally, the government will take the opportunity to limit the amount of goods any single person or family is allowed to purchase or stockpile through rationing cards.
These kinds of measures have been used in the past, usually during wartime or under communist regimes. But in this case the rationing will be digital and permanent, and it will be designed to further control food and other resources as a means to prevent rebellion by the public. If you can’t store more than a week’s worth of necessities at any given time, then your ability to defy the government is nonexistent unless you know how to live off the land or have access to black markets. All they have to do is cut off your monthly UBI checks and ration account and watch you starve.https://www.zerohedge.com/economics/stagflation-trap-will-lead-universal-basic-income-and-food-rationingI have my issues with Brandon, but on this I am in 100% agreement. This is the reality, this is the war we as citizens must face. We are approaching the Go Galt point, and rapidly...if you are not prepared for it...it will consume you and those you love and care about. That's it. Every other battle is secondary and I am not advocating abandoning them, I am only saying this is your top priority. We are entering dangerous ground, ground we never thought we would really be thrust into perhaps, ground we did not create, but ground we have to deal with.
