So Blackrock & Vanguard, who largely own and control both the Union Pacific Railway and CF Industries (fertilizer) had UP cut back the shipments of diesel fuel and fertilizer by 25-50% for no real reason.
And both Blackrock and Vanguard are on the board of Schwab's WEF?
This entire thing, including covid, has been entirely engineered. It's time for torches and pitchforks.
Good point El Gato. What concerns me is that while they're telling us it's transitory/nothing to see here, they are doing absolutely nothing - which makes it very clear to me that they either 1) do not know what to do, 2) don't really care about the coming economic conditions, 3) are so incompetent that they buy into their own narrative. Seems to me it's a combination of all three and if so, we will be on this course for quite some time.
Can't Build Back Better until our country, sovereignty and economy are entirely destroyed, doncha know! Better living through Modern Monetary Theory? The question is "better for who?", because it won't be for the masses.
"... a lot of income is dominates by top earners...". Perhaps the most salient comment in the article (which is wonderful, thanks). When WH says household savings are higher, etc. they are talking about people who have such big belts they can tighten interminably. Those people were further enriched by stimulus, stay at home savings, crazy engineering salaries and an ever-ebullient stock market and it will be a long time before they feel the pain. By the time those at the bottom of the ladder, the real working class, figure out the stimulus effects are over and cost-cutting at the top is threatening their livelihoods, they won't be able to climb out. Add to that increased cost of borrowing to stay afloat, etc. We have created a skewed picture that can scarcely be recognized by past events. Rich ground for manipulation and deceit.
Who remembers the famous last words of Ben "The Bearded Clam" Bernake, back on the eve of the 2008 meltdown?
"We believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system."
~ Ben Bernake, May 2007
Oops.
For a video compilation documenting several years of cluelessness from this Harvard and MIT trained "expert", have a watch, if you can fight back the nausea:
Great piece. This trajectory has existed for a long time now. Essentially all the toxic debt from 2008 was simply federalised (can-kicked). Rampant money printing was the only way to maintain the game. Now we're seeing the results of that. If you want to dive deeper into this stuff can highly recommend subreddit r/superstonk and the due diligence that's accumulated there since things nearly went boom in Jan 2021 with GameStop (https://www.reddit.com/r/Superstonk/). It may even be the best play for the coming economic maelstrom.
It is likely that they will raise rates just enough to tip the country into recession, but not enough to curb inflation. Food, fuel, cars, and home mortgages- the real things Americans will spend money on- are all going to be more expensive for a couple of years. This means less money spent at Target, Walmart, Amazon, or Apple. Also, while the RATE of inflation may come down in 12-24 months, the PRICE increases will stay there. Fuel will remain high due to lack of supply, we are several milllion units short of cars, and interest rates will continue to make homes unaffordable. Welcome to your stagflationary future. Curtesy of our incompetent elites.
I can explain all of these graphs. I am maxxing out my credit cards buying shoes. In two years time I will be able to boil them to make a nutritious soup. The shoes, I mean - not the cards. The cards will be long gone.
The economy is Safe and Effective. So say we all.
I would like to bring up an equally important topic: fuel and food shortages.
This video speaks volumes: https://www.youtube.com/watch?v=P7EFCIOwexg&t=483s
So Blackrock & Vanguard, who largely own and control both the Union Pacific Railway and CF Industries (fertilizer) had UP cut back the shipments of diesel fuel and fertilizer by 25-50% for no real reason.
And both Blackrock and Vanguard are on the board of Schwab's WEF?
This entire thing, including covid, has been entirely engineered. It's time for torches and pitchforks.
Good point El Gato. What concerns me is that while they're telling us it's transitory/nothing to see here, they are doing absolutely nothing - which makes it very clear to me that they either 1) do not know what to do, 2) don't really care about the coming economic conditions, 3) are so incompetent that they buy into their own narrative. Seems to me it's a combination of all three and if so, we will be on this course for quite some time.
It's time for all you mouth breathers to do your patriotic duty and pull out an interest only second mortgage and buy more disposable consumer goods.
It's the only way to avoid the unavoidable recession that is definitely not going to happen until it does.
Just stay out of the heat to avoid blood clots and keep voting for the party that calls pedophiles Minor Attracted Person's.
Everything will be OK. Probably.
Can't Build Back Better until our country, sovereignty and economy are entirely destroyed, doncha know! Better living through Modern Monetary Theory? The question is "better for who?", because it won't be for the masses.
"... a lot of income is dominates by top earners...". Perhaps the most salient comment in the article (which is wonderful, thanks). When WH says household savings are higher, etc. they are talking about people who have such big belts they can tighten interminably. Those people were further enriched by stimulus, stay at home savings, crazy engineering salaries and an ever-ebullient stock market and it will be a long time before they feel the pain. By the time those at the bottom of the ladder, the real working class, figure out the stimulus effects are over and cost-cutting at the top is threatening their livelihoods, they won't be able to climb out. Add to that increased cost of borrowing to stay afloat, etc. We have created a skewed picture that can scarcely be recognized by past events. Rich ground for manipulation and deceit.
How about a little trip down memory lane?
Who remembers the famous last words of Ben "The Bearded Clam" Bernake, back on the eve of the 2008 meltdown?
"We believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system."
~ Ben Bernake, May 2007
Oops.
For a video compilation documenting several years of cluelessness from this Harvard and MIT trained "expert", have a watch, if you can fight back the nausea:
https://www.youtube.com/watch?v=HQ79Pt2GNJo
End the FED.
It's as though this administration's sole mission in life has been to make the Peter Principle Holy Writ.
To paraphrase Mary McCarthy’s famous remark about commie playwright Lillian Hellman:
“Every word they speak is a lie, and that includes ‘a’ and ‘the’ “
Commies can bring in communism without a fight by printing more and more trillions of dollars.
That's the plan. Equity is coword for communism. You will own nothing...
Mother of God help us.
We need to know who the 11% are, said all the multi level marketers.
Going to set aside that line from the opening because sadly it's going to continue in relevance for a while.
https://m.imgur.com/a/dZQBqQO
Great piece. This trajectory has existed for a long time now. Essentially all the toxic debt from 2008 was simply federalised (can-kicked). Rampant money printing was the only way to maintain the game. Now we're seeing the results of that. If you want to dive deeper into this stuff can highly recommend subreddit r/superstonk and the due diligence that's accumulated there since things nearly went boom in Jan 2021 with GameStop (https://www.reddit.com/r/Superstonk/). It may even be the best play for the coming economic maelstrom.
It is likely that they will raise rates just enough to tip the country into recession, but not enough to curb inflation. Food, fuel, cars, and home mortgages- the real things Americans will spend money on- are all going to be more expensive for a couple of years. This means less money spent at Target, Walmart, Amazon, or Apple. Also, while the RATE of inflation may come down in 12-24 months, the PRICE increases will stay there. Fuel will remain high due to lack of supply, we are several milllion units short of cars, and interest rates will continue to make homes unaffordable. Welcome to your stagflationary future. Curtesy of our incompetent elites.
I can explain all of these graphs. I am maxxing out my credit cards buying shoes. In two years time I will be able to boil them to make a nutritious soup. The shoes, I mean - not the cards. The cards will be long gone.
'Never believe anything until officially denied. "