QUESTION #1: why no information on CBDC. Need help fast. Feds are suppose to call in the dollar in July. HELP mk
COMMENT #1: This whole thing reminds me of the movie The Omen and we will be accepting the number of the beast and without it we will not be allowed to buy or sell. I don’t know about a person being the infamous anti-Christ, but it sure looks like the government is trying hard to fulfill that role.
SC
ANSWER: The FedNow is the system that will be for CBDC and the elimination of all paper money. However, they will not cancel the dollars in July – not just yet. This is why they are rushing 5G before testing to see if the radiation is harmful. This is all about total control and 100% tax collection. They will be able to turn off the ability to buy and sell categories as well as individuals.
I will do a private post on the timing for the end of paper money. That is coming. It is part of their authoritarianism into 2032.
As for the governments of the world being the anti-Christ, who knows? Perhaps they saw that movie and said that’s a great idea! The “eternal sea” has always been used to refer to politics. This is certainly justification for term limits. Once career politicians were created, that ended any hope of an honest government. Those who are not crooks, look down on us as the scum – hence hiring 87,000 IRS agents with guns.
As far as the number everyone knows the “666” of the anti-Christ, but strikingly, most do not know the number of the name the Jews gave to God – “Jehovah.” If we use the old Hebrew system we can find the number of God. Yod =10 , He = 5, and Vau = 6. Therefore, the name of God in Hebrew – He Vau He Yod equals 5 + 6 + 5 + 10 = 26. The number of the name assigned to God by the Jews is 26. Perhaps they should apply this system to entities rather than individuals.
I have been often asked by students of history that the list from which I derived the Economic Confidence Model was 224 years divided by 26 events yielding 8.6153846 which was a derivative of Pi, and was it based on this calculation of 26? It was not. There just so happened to be 26 events in that 224 period. Beyond that, who knows?
Posted originally on the CTH on May 4, 2023 | Sundance
According to those who relish the Cloward-Piven strategy, things are proceeding swimmingly.
…”As long as the decisionmakers continue doing the things that are creating the crisis, the crisis will continue.”
Federal Reserve Chairman Jerome Powell said yesterday the “U.S banking system is sound and resilient,” insert uncomfortable snicker here. However, uncertainty is continuing to pummel the banking industry, despite assurances from the Fed, Treasury, FDIC financial regulators and bankers such as Jamie Dimon who are all saying there is no crisis in the banking industry.
If you want to know the big picture source of the uncertainty, it’s the great pretending. The average person can sense something is wrong, and the person who pays attention has the experience of institutional lying over the past several years. The last ten years of lying and pretending has created the biggest collapse in institutional trust in U.S. history.
Russians interfered with the election – trust us. Stick this needle in your arm, it’s safe – trust us. The FBI are the good guys – trust us. Biden won more votes – trust us. This inflation is merely transitory – trust us.
See the problem?
So, when the same voices shout, “the banking industry is sound, trust us,” well,… yeah, that suspicious cat sense that’s on high alert isn’t buying the chorus.
Reasonably intelligent people who accept things as they are, not as they would have us pretend them to be, can see the core connection to the World Economic Forum, Central Banks, and western globalist policy to change the entire dynamic of economics and finance around the “Climate Change” agenda, or Build Back Better, or Green New Deal.
Overlay that commonsense and pragmatic outlook with the logical consequences of the activity, and this banking collapse issue is a self-fulfilling prophecy. As long as the decision makers continue doing the things that are creating the crisis, the crisis will continue.
(Via Wall Street Journal) – Regional-bank stocks tumbled Thursday despite assurances from the Federal Reserve that the banking system is on solid footing.
PacWest Bancorp PACW -47.04%decrease; red down pointing triangle, which has been hit hard since the collapses of several banks, dropped by about 40%. The stock started falling in after-hours trading Wednesday evening, after a report that it was considering selling itself.
PacWest said in a statement after midnight Eastern Time Thursday that its core customer deposits were up since the end of the first quarter, and that it hadn’t experienced any unusual deposit flows since the collapse of First Republic.
[…] Investors have been wondering how much further the problems in regional-banking could spread, and whether they will spill over to the broader economy. Some analysts said the decline in PacWest and others reflected the market’s tendency to view news as categorically good or bad, rather than worries about PacWest specifically. Western Alliance, another bank whose stock has been hit hard, fell by about 35%.
[…] Regional banks, as major lenders to businesses and families across the U.S., also tend to fall when investors are expecting a recession. The 10-year Treasury yield slipped this week, and Brent crude hit a 52-week low on Wednesday.
[…] On Wednesday afternoon, the Fed said the U.S. banking system “is sound and resilient,” echoing language from its March statement. Fed Chair Jerome Powell added then that deposit flows at banks had eased and that this week’s seizure and sale of First Republic should further stabilize the industry.
[…] PacWest shares were recently trading around $3.70, putting them on track for their lowest close on record. The stock has now lost some 85% of its value since March 8, the day that SVB spooked bank investors by announcing a loss and a planned capital raise.
Many of PacWest’s customers are tied to technology startups—a tightknit clientele that pulled from high-balance accounts en masse at Silicon Valley Bank before it failed. (more)
Monday saw the largest banking failure in the US since 2008 after First Republic went under, marking the third death of a US bank this year. Regulators took possession of the bank this Monday and JPMorgan Chase will acquire the majority of the bank’s assets and remaining deposits worth around $92 billion. First Republic Bank’s stock fell nearly 50% after reporting a significant drop in deposits in the first quarter of 2023. First Republic’s stock value tanked 97% on Friday due to fears of a bank run or failure, and the executives were silent on the health of the bank because they knew they were doomed. JPMorgan Chase coming to save the day is not a good sign.
All of these small and mid-sized banks are struggling with liquidity. The larger banks are gaining more power and influence. JPMorgan Chase’s CEO is nothing like the man who founded his company and actually saved the US from a banking disaster. CEO Jamie Dimon is a World Economic Forum memberwho fully supports the Great Reset. He wants the US to invoke eminent domain in order for the government to seize your private property.
I will not be surprised if Jay Powell mentions CBDC this Wednesday just to get the public accustomed to the idea. All of these issues can be used as an excuse to implement CBDC as the “safe” alternative to traditional banking. It would be easier to implement if there were only a handful of banks working with the government. The US has never canceled its currency but every empire, nation, and city-state falls in the same manner. The plans for the Great Reset are out in the open and the WEF has infiltrated nearly every government cabinet in the world and bought out the bankers. The day will come when the government gives us a deadline to turn in our paper currency to be converted into CBDC, providing them with complete financial domination over the people.
Posted originally on the CTH on April 24, 2023 | Sundance
In the game of test-match cricket, a game that can last three days at peak professional level, you have to ‘get out‘ to ‘get in‘. You have to ‘get out‘ of the clubhouse in order to ‘get in‘ to the game. The same is true for this story about Domestic Policy Advisor, Susan Rice, leaving the Biden administration. Rice has to get out of the administration in order to get in to the 2024 game.
Readers here will likely remember all previous discussion about the likely Democrat field for 2024. Susan Rice and Gavin Newsom are both key players in the DNC big club game. There is only one question at the core of the dynamic you need to ask, how will they off-ramp Joe Biden?
First, the White House announcement: […] “As the only person to serve as both National Security Advisor and Domestic Policy Advisor, Susan’s record of public service makes history. But what sets her apart as a leader and colleague is the seriousness with which she takes her role and the urgency and tenacity she brings, her bias towards action and results, and the integrity, humility and humor with which she does this work. I thank Susan for her service, her counsel and her friendship. I will miss her.” (link)
Susan Rice is the pliable foot soldier, the protege’ of the Lightbringer, Chicago Jesus. Rice is the female version of the entire apparatus of the Obama team. Susan Rice is Barack Obama in female form, and as Ric Grenell said eloquently, Susan Rice is “the shadow president.”
A Newsom/Rice or Rice/Newsom ticket is a no brainer. Both are foot soldiers for the Lightbringer movement’s fundamental change agenda, although Rice is the apex player and Newsom is the ideological, intellectual and cognitive equivalent of John Fetterman with better style. Most people still do not understand that Barack Obama is not just a person, he is a complete political construct -a movement in a box- consisting of multiple component groups all working in synergy.
The focus of the Obama movement is domestic and ideological. The “fundamental change“, as outlined previously by the front man for the group, is domestic – exclusively domestic. The Lightbringer doesn’t care about foreign policy stuff; all of that angle is sold to the multinationals and highest bidders.
Foreign policy is not a thing for Teh One true bringer of enlightenment; their focus is USA domestically centered. In her capacity as Domestic Policy Advisor, Susan Rice was the guiding hand behind every element of Biden domestic policy.
The microphone from the Obama basement does not transmit into the earpiece of Biden; it communicates into the two-way radio of Rice.
If Susan Rice is departing, the question becomes how the club removes Biden from the 2024 race? There are a multitude of approaches and leverages available for the Lightbringer’s team, which includes Deputy AG Lisa Monaco at Main Justice.
The criminal activity of Hunter Biden, and the potential for outcomes – or lack therein, can be leveraged. The direct connection to the action of the principal, “the big guy” Joe Biden, could be leveraged.
The Biden administration’s interference in any number of related investigations can be leveraged, and… keep in mind…. it is not coincidental the evidence of the interference is manifest by the same team that would remove the principal. Yeah, think about that for a moment.
Put aside the 2024 contest participants for a moment (ie. the shiny things), and instead focus on what peripheral risks exist to Joe Biden that could be deployed at any moment to push him to a graceful off ramp.
There are many club-installed insurance policies, political landmines all around Joe Biden. Which one will they show him?
All we hear is the same claims that the dollar is dead and it will be totally worthless any day now. Over the last few weeks, all we hear from the majority now is that the dollar is finished. Virtually every page you turn or site you visit claims the death of the dollar. They are calling this the de-dollarization of the world economy and that the future of the US dollar as well as the American empire itself is now collapsing. The general claim is that the group of economically-aligned nations known collectively as BRICS is a major threat to the greenback. That was the same story we heard about the Euro back in 1997.
As their scenario goes, the BRICS [Brazil, Russia, India, China, and South Africa] have moved to form an anti-dollar colation and Saudi Arabia is considering jumping on board. They insist that once that happens, the “petrodollar” will die and cease to be a reserve currency.
This is then followed by the forecast that the economy will suffer and that any bounce in exports will be short-lived simply because the dollar will be dead for the long term. Of course, this has been the favorite forecast that they keep putting out since Bretton Woods collapsed. They were wrong back then for the dollar rose between 1972 and 1976 against the British pound, with the collapse of Bretton Woods. To try to explain why the dollar did not collapse, that is when they claimed that the dollar was backed now by oil rather than gold. That was just an excuse as always to cover up their wrong forecast.
They sold that story to Newsweek and now the dollar rally was because of oil which replace gold. Suddenly the dollar became de facto backed by oil. They needed an explanation to explain why all the old theories were wrong. They sold this theory and it made the front cover of Newsweek. Everyone said YES! That must be the reason. OPEC priced oil in dollars! Naturally, everything was priced in dollars because, under the fixed exchange rate of Bretton Woods, everything from wheat and corn to copper and gold was all priced in dollars.
Now they are saying the American empire is threatened by the potential commercial real estate collapse and the BRICS anti-dollar venture. So they are forecasting a great depression-style crash is possible in the not-too-distant future. They spin this to forecast the end of the America Empire. The London FT, always anti-American/Pro WEF, reports that the dollar as a reserve currency has declined from 73% in 2001 to around 55% by 2021. Yet the FT did state an obvious fact:
“But if you are a reserve-rich central bank elsewhere that isn’t going to be a lot of comfort. Moreover, would you really feel more comfortable in, say, the renminbi? Even if it was fully convertible and liquid, would you honestly feel more sure that Beijing will behave lawfully than DC? The dollar still looks like the proverbial least dirty shirt in the closet.”
COVID actually has played a major role in shifting the world economy. In 2020, the US economy was 24.75% of the world’s GDP. By the start of 2022, it had fallen marginally to 24.15%. What these dollar-forecasting jockeys do not understand, is that if they were correct and the dollar collapsed, then the very BRICS would collapse even further. Economically speaking, when the United States gets a head cold, the rest of the world catches ammonia. You can’t have it both ways. The strength of the dollar is not gold or oil, it is the American consumer.
The risk to the entire world is runaway inflation thanks to Biden pouring untold amounts of money into the black hole known as Ukraine. The Neocons, who control Biden, are planning to launch a war against Russia and China before 2024. This will only continue to accelerate inflation. That reduces the spending power of the American consumer and in the process, the US economic growth declines in real terms and with it, the rest of the world plunges into recession.
While Macron has figured it out that the Neocons are in charge of US foreign policy and he is telling Europe to stop being the puppet of the USA, that all sounds nice but Europe is marching into war with Russia. NATO is firmly in control of the American Neocons and they need war or face losing power. With Trump in the lead, they must stop him at all costs for he is anti-war, would haul the Neocons out by the necks, and defund NATO, as well as stop the climate change agenda.
The US dollar in the global economy has been supported by the size and strength of the US consumer-based economy. Its stability and openness to trade and capital flows without restrictions and it has never been canceled, are the major foundation of the dollar in addition to strong property rights and the rule of law. That is why Russians and Chinese buy US property for they are secure in their ownership of US property which cannot always be guaranteed outside the US.
Consequently, the depth and liquidity of US financial markets remain unmatched. For institutions parking billions, the United States represents a large supply of extremely safe dollar-denominated assets. Are they really going to switch to China or buy debt from Brazil? Not a single institutional client will take that bait.
China has been divesting of dollar reserves because it KNOWS that the American Neocons want war. You do not fund your adversary who intends to wage war against you. China cannot shift reserve assets to Europe or Japan. They have been buying gold because it is geopolitically neutral territory. They are NOT buying gold as an investor thinking it will rally. That is irrelevant. If gold drops 25%, that does not translate into them becoming a seller.
The dollar in international reserves stood at 60+% at the start of 2022 against the US share of GDP at 24.25%. This comparison belittles the argument that the dollar is finished. Eventually, the US will lose the wars it is starting and the dollar will be replaced perhaps as soon as 2028. The IMF is already licking its lips and rubbing its hands together eager to get control of the reserve currency. But they too will collapse. We have a Directional Change next year and a Panic Cycle in 2025. So buckle up.!
Remember one thing, even with the debasement and collapse of the Roman Denarius between 260AD and 268AD, it still took 224 years for Rome to completely collapse. When war breaks out, capital flight will still be to the dollar. It will not be to public assets, but private. The United States is still supporting the entire world economy. The BRICS need the US consumer to keep their economies functioning. All this talk of the dollar being finished is really nonsense. That day will come, but when the US consumer no longer buys.
Remember 1997? The Euro was going to dethrone the dollar. They claimed the new EU will be a bigger economy than the US. The problem was, they lacked a consumer economy, and low taxes, and they routinely canceled their currency to force people to pay taxes. It is always the same story over and over again.
COMMENT #1: Hi Martin, corn also turned nicely on the ECM:
JB
COMMENT #2: Hello Marty, I just want to point out that the Japanese yen broke really hard on the 10th. Not sure if this will prove to be a precursor of what is to come.
Thanks from Tokyo, your old home ground.
AS
COMMENT #3: Well the ECM also marked the reversal in trend in the 30-year bond. It peaked at 134 and fell to 130 by the end of the week. That was just remarkable.
Colin
COMMENT #4: Martin; is this chart real that people are sending around claiming it was Benner’s work?
Mat
ANSWER: As far as this chart of Brenner’s Cycle being real, the answer is no Someone has made it up and signed his name. They have at least extended his cycle correctly. The last time someone tried that they skewed the cycle to make it look like it forecast the Depression 1932 low.
When the WSJ published it, it showed 1932 instead of 1931. Brenner did not extend this out in this manner. What is important to understand is that Brenner was a farmer and farmers understand the cycles in nature. Economists and governments pretend they can smooth out the cycle and eliminate the booms and busts.
The business cycle always wins as both former chairmen of the Federal Reserve conceded – Arthur Burns and Paul Volcker.
Back during the 19th century when Brenner was observing the business cycle, it was still based on commodities. Kondratieff took the same data. I believe the reason WHY the Economic Confidence Model has been so accurate is that it was based on a list of Panics – not one sector of the economy. Therefore, the ECM incorporates weather as Brenner and Kondratieff did by using the commodity sector. Yet just that the ECM was derived from financial panics, it was not based on any one specific type so it strangely seems to have incorporated the whole gambit.
Furthermore, all previous cyclical analysis was based on just a single market like stocks. They have failed because they could not account for the external influence of a contagion. The fact that this list began with the Turks’ siege of Vienna, means that the list was also influenced by war and from an international perspective.
This is a fascinating subject that I will explore in far more detail in my coming book.
The talking heads have been warning of a housing crash, but that is not what Socrates indicated. The 30-year fixed rate is around 6.89% at the time of this writing. Housing costs continue to rise, causing the costs of servicing mortgage debt to rise. Housing inventory is limited, and a recent report explains why we saw mass layoffs in the banking sector. The demand is still there and it is a sellers’ market. Cash is king when it comes to real estate for those who can afford it. Mortgage lenders are in trouble. In fact, only 32% of mortgage companies were profitable in 2022 compared to 98% in 2020.
The Mortgage Bankers Association (MBA) recently announced that independent mortgage banks and subsidiaries of chartered banks lost around $301 for every mortgage they financed in 2022. This marks a 113% decline from the prior year’s average and the first-time banks are seeing losses on mortgage products. This is not 2008 when banks handed out loans to anyone who asked.
“The rapid rise in mortgage rates over a relatively short period of time, combined with extremely low housing inventory and affordability challenges, meant that both purchase and refinance volume plummeted,” said Marina Walsh, CMB, MBA’s Vice President of Industry Analysis. “The stellar profits of the previous two years dissipated because of the confluence of declining volume, lower revenues, and higher costs per loan.” Production costs reached a high of $10,624 per loan last year. Productivity was 1.5 loans originations per production employee, down from 2.5 per employee the year prior, and an indicator of why we are seeing layoffs in the banking sector. No one is refinancing at these rates either and most chose a fixed rate, as we saw what happened in 2008 with adjustable costs.
First-time mortgages reached an all-time high of $323,780 last year, up from $298,324, the largest annual increase since the MBA began collecting data. The increased cost of loans increased the cost of serving mortgages. The MBA expects volume to decline further in 2023 before rallying in 2024 and 2025. The banking crisis may lead to banks and lenders selling off their mortgage debts once they cannot afford to service the debt. Again, the housing crisis today is not relative to the 2008 crash.
I know a lot of goldbugs hate my guts because I do not constantly only say BUY and I point out that NOT only gold and silver survive the collapse of a currency.
I once had a German client who was a multimillionaire back in the 1970s. When the German government collapsed, he was buying all the old coins that were base metals for scrap. They were nickel and copper and some aluminum. It was presumed that they were all then worthless.
The new government could issue the paper money, but they lacked the metal to strike a whole new coinage. They then announced that the old coinage would retain a value as fractions of the new currency. He became a multimillionaire overnight. I use to enjoy his stories of the transition since he lived through it there in Germany.
His stories of living through such monetary reforms helped me understand the mechanism behind such events. As I have explained, even in times of geopolitical stress, that is the period when we find the greatest number of hoards of even ancient coins.
Just like the stock market, gold has risen and fallen in value. The propaganda about Bitcoin was the same nonsense – the hedge against central banks and a “store of value” when it is simply no different from anything else that trades – it moves up and down. There is NO STORE OF VALUE in human history. Everything rises and falls. That was what Karl Marx was trying to stop – the Business Cycle of booms and busts.
Sorry, I am not a Marxist. There is a cycle to everything and that means that there is a TIME to BUY and a TIME to SELL. The stock brokers in the Great Depression told people to hold. The market always comes back. Others told them to average in. It took 25 years for the stock market to reach the old 1929 high (it exceed the 1929 high in 1954 on the Dow).
I buy gold but in coin form. The one consistent form of value historically has is generally been food if you go that far down the rabbit hole. However, a loaf of bread from 1930 will not do you much good today despite the fact it was just 12 cents back then. Now that was an investment if it would survive 100 years.
Precious Metals will do well, but I would prefer them in coin form. You may know what they are, but it is the other person who has to know before it has any value. That average person must be able to identify that it is real. That will be your problem. You won’t get change for a cup of coffee with a kilo bar of gold.
I have suggested the pre-1965 silver coins for small transactions. But real estate, art, ancient coins, antique cars, rare coins, and the stock market will all have some value being redenominated into whatever new currency emerges and that will depend on the government. The German stock market rose with hyperinflation and was re-denominated in the new currency in 1925. Like most other markets, it rallied and peaked going into 1929. So I’m sorry if the truth hurts. But the stock market will NOT go to ZERO and only gold will rise if the dollar crashes. There is no such period in history that hints at such nonsense. This is propaganda made up by those trying to sell gold and will say anything just like a used car salesman.
No matter what the tangible object might be,
it will rise and fall with the business cycle. It always has, and it always will.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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