21:30 lol
Prices, Inflation/Deflation, Interest Rates & The Fed
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US Defense Dept fails audit - $2.1 TRILLION missing
kathleenanderson1.substack.com
This is well over the annual budget of the Pentagram, which is already obscene. Major media is not reporting this at all.
The next time you hear something about "record inflation" or "US debt reaches record high" you can be sure they will not mention this, but blowing 2 trillion dollars has a massive effect.
If you recall, Donald Rumsfeld made a similar announcement on Sept 11, 2001, right before everyone forgot 'cause 'terists.
www.c-span.org
I guess today they control the media so much they don't even need a major false flag event to hide behind. I can't stress enough what huge financial news this is.
Pentagon Admits It Can’t Account for $2 Trillion – AGAIN
This article was originally published on November 28th, 2022 on The Political Insider. In typical Groundhog Day fashion, the Pentagon has failed yet another audit. Yet, for the most part, nobody seems to care in the media or government. When you fail year after year, it becomes the rule versus...
kathleenanderson1.substack.com
This is well over the annual budget of the Pentagram, which is already obscene. Major media is not reporting this at all.
The next time you hear something about "record inflation" or "US debt reaches record high" you can be sure they will not mention this, but blowing 2 trillion dollars has a massive effect.
If you recall, Donald Rumsfeld made a similar announcement on Sept 11, 2001, right before everyone forgot 'cause 'terists.
User Clip: Secretary of Defense Rumsfeld - 2.3 Trillion Missing
Secretary of Defense Rumsfeld - 2.3 Trillion Missing
www.c-span.org
I guess today they control the media so much they don't even need a major false flag event to hide behind. I can't stress enough what huge financial news this is.
Incredible. This society is nothing more than a thievery scheme.US Defense Dept fails audit - $2.1 TRILLION missing
Pentagon Admits It Can’t Account for $2 Trillion – AGAIN
This article was originally published on November 28th, 2022 on The Political Insider. In typical Groundhog Day fashion, the Pentagon has failed yet another audit. Yet, for the most part, nobody seems to care in the media or government. When you fail year after year, it becomes the rule versus...
This is well over the annual budget of the Pentagram, which is already obscene. Major media is not reporting this at all.
The next time you hear something about "record inflation" or "US debt reaches record high" you can be sure they will not mention this, but blowing 2 trillion dollars has a massive effect.
If you recall, Donald Rumsfeld made a similar announcement on Sept 11, 2001, right before everyone forgot 'cause 'terists.
User Clip: Secretary of Defense Rumsfeld - 2.3 Trillion Missing
Secretary of Defense Rumsfeld - 2.3 Trillion Missing
I guess today they control the media so much they don't even need a major false flag event to hide behind. I can't stress enough what huge financial news this is.
Not if the government has anything to say about it. If anything, CBDCs are the future and they will force it.
20% of China is using the digital yuan.
I've been reading through this thread for a few months back... I think "money printing" best be clarified, because the term is used to often.
In reality there're 2 ways to print/create money: through fiscal tools (spending, direct stimulus, tax credits) as authorized by Congress and executive branch, and by pure actions of the Fed such as QE.
Both ways increase broad money and money supply, but the 1st way (fiscal) leads to inflation taking effect quicker.
Excellent long article with detailed examples and step-by-step descriptions of the ways US money are being created:
Money-Printing: 2020 Vs. 2008
There are several different types of money-printing that often get conflated into one.
seekingalpha.com
That depends on what the definition of "much" is
Found this one in a German blog
The scales are shifting. In my youth, the actors on West German television were upset about millions they had lost. At the turn of the millennium, the taxpayers' association was whining about billions. But that's nothing today. Billions bagged Lauterbach so simply fast times in passing. The lying media are currently reporting on borrowing to the tune of half a trillion in the coming year.
Strictly speaking, half a trillion will be newly borrowed, and about 0.3 trillion of national debt will be repaid in 2023. That leaves 0.2 trillion net. That is equivalent to half the federal budget. In the spirit of the New Era, we no longer bother with billions; the new unit of account is the trillion.
I assume that this is a revival of the Tower of Babel. A beautiful picture for such a disaster was this morning a burst large aquarium in Berlin. It was probably man-made global warming. Pride comes before the fall, gigantism before the bang.
The scales are shifting. In my youth, the actors on West German television were upset about millions they had lost. At the turn of the millennium, the taxpayers' association was whining about billions. But that's nothing today. Billions bagged Lauterbach so simply fast times in passing. The lying media are currently reporting on borrowing to the tune of half a trillion in the coming year.
Strictly speaking, half a trillion will be newly borrowed, and about 0.3 trillion of national debt will be repaid in 2023. That leaves 0.2 trillion net. That is equivalent to half the federal budget. In the spirit of the New Era, we no longer bother with billions; the new unit of account is the trillion.
I assume that this is a revival of the Tower of Babel. A beautiful picture for such a disaster was this morning a burst large aquarium in Berlin. It was probably man-made global warming. Pride comes before the fall, gigantism before the bang.
People in Lebanon are robbing banks and staging sit-ins to access their own savings
People in Lebanon are robbing banks and staging sit-ins to access their own savings
Lebanon's banks froze accounts three years ago amid an economic collapse. Now, under increasingly desperate circumstances, people are resorting to extreme measures to access their savings accounts.
www.wprl.org
I've noticed my restaurant and bar tabs have been getting smaller recently. Last year, I noticed my bar tabs were up sharply, for the same amount of food and drinks as in previous years. However, in the last month or two, I have found they are back down quite a bit.
It's hard to say what the cause is. I tip well, so I've noticed over the years that waitresses that know me will comp me for a couple of drinks, and keep my bill down. However, that was true last year as well.
I suspect that in spite of inflation, the bars and restaurants are worried about the slowing economy, and are trying to keep their prices down. I suppose that's basic economic theory. Inflation causes a weak economy, which drives prices back down somewhat.
It's hard to say what the cause is. I tip well, so I've noticed over the years that waitresses that know me will comp me for a couple of drinks, and keep my bill down. However, that was true last year as well.
I suspect that in spite of inflation, the bars and restaurants are worried about the slowing economy, and are trying to keep their prices down. I suppose that's basic economic theory. Inflation causes a weak economy, which drives prices back down somewhat.
I've been nailing it. I still don't see where all these deflationistas get their inkling from, apart from the fact that of course the crushing debt and raising rates will, for a time, slow everyone and everything, down. The Fed wouldn't be doing this if they didn't fear another wave of inflation, which is funny. They are doing this in front of a clearly broken economy and rising unemployment, and they don't care - at all!
Where's endless gravity? LOL
Where's endless gravity? LOL
Disinflation yes, any deflation will definitely be "transitory."Where's endless gravity? LOL
Inflation is a vector, if it ever went the other way, the ponzi starts to collapse.
Ask yourself these two questions: an A/B test.
5 years from now, in 2028, will there be more monetary units in the world than exist now, or less?
5 years hence, will you be able to transact your own money with more freedom and less surveillance than now? Or will the opposite be true? Most Americans aren't thinking much on this yet, but plenty of Lebanese are, as well as Canadians who donated to the freedom convoy.
You can forecast what the conditions are likely to be... Derive the incentives that people will have from there.
I have noticed a marked decline in service and in quality. Ordering a steak that used to be 20-24 oz, is now hard to find one that's over 16oz....that used to be the "petite" or the "cowgirl" cut.
Fewer staff working more tables as well.
For apples-to-apples, I look at the "All Star Special" at WH. 2 eggs, bacon or sausage, waffle, toast, hashbrowns or grits. It's hard to shrink very much of that without folks noticing, so they had to raise the price. It was $6.75 24 months ago, now it's $10+
Yellen warns that US will hit debt limit next week
The U.S. government will reach its statutory debt limit next Thursday, according to a letter from Treasury Secretary Janet Yellen notifying Congress.
www.foxbusiness.com
There's no way $31 trillion in debt can ever be repaid. The only way I see it happening is to kill the person you're in debt to. The idea of minting two platinum coins with a $15 trillion dollar face value has been floated. Then the debt will be paid off. The Fed doesn't care what the debt is. They know it will never get paid. They didn't have the money to lend in the first place, they just cash in on never ending interest payments.
There's no way not to raise the debt limit. Everybody knows it. Make raising the debt limit contingent of Federal workers actually GOING BACK TO WORK! Add another few items in there, claim victory and kick the can. The system will continue to function as long as the masses continue to buy in to the con.
Also, you can put the bust of Margaret Sanger and Ruth Bader Ginsburg on each coin. Or maybe Woodrow Wilson if you want to troll.
Fiat money - - - > Clown world - - - > mint "the coin" - - - > Mad Max - - - > hard money - - - > Renaissance
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They are trying to scare me but I don't have any fragile emotions yet. The downturn will come again, but I just wanted to be honest after I was puffing out my chest, and to show that the back and forth of the markets is always something that can be quite unpredictable.