-A discussion of our overall timeline to the contemplated global force majeure, and how much time we have left.
-A discussion of the world’s two biggest threats to our existence:
1) The cartel of private central bank owners with their unfolding NWO agenda, and how they plan on achieving their desired results. The Bible calls them the Synagogue of Satan.
2) The Chinese Communists, who were supported and propped up by the Synagogue of Satan as a controlled adversary for WWIII.
-I analyze the timeline in light of Joel Skousen’s latest analysis on this week’s World Affairs Brief. Click the link to download a pdf copy. I have nothing to gain by supporting his work, but I do suggest getting a subscription.
-A discussion of a speech given by Chi Haotian. The ChiComm Chinese promise to be even more brutal and ruthless in their war campaign than the Japanese during WWII.
-This timeline and conspiracy fully conforms to the teachings of the Christian Bible. I have to believe that, based on their behavior, these elites and power centers have all made specific pacts with the devil and have been promised immunity from judgment.
-I can’t keep up with all the new spending programs. Another half trillion in spending approved by Senate since my last podcast yesterday morning. House approval likely tomorrow.
-Federal deficit likely to be around $4 trillion this fiscal year, without any new spending programmes.
-Elite mouthpieces and change agents Mnuchin, Kudlow, and Schumer are pounding the table for more deficit spending and lockdowns. Since yesterday, Senators Schumer and Pelosi have been publicly contemplating another $2 trillion in state and local bailouts immediately.
-Most of the fiscal spending and monetary stimulus goes to the top 1% first. These top echelons get first dibs on these funds to buy up assets. We get stuck with the debt balance obligations. This is why we need to own income generating assets.
-In order to scare the governments into bankruptcy, the UN is warning of famines of biblical proportions.
-Gold has been the clear winner in all this. The low a couple nights ago on the front month contract was $1,666. I look for a test of recent highs. It’s clear that given the price action, the elites are hoarding the gold.
-I have to believe on some level that the elites are consolidating wealth as quickly as possible, because some future event is coming.
-It is clear that the methods employed by the Western nations are not working and that we must start to go back to work. The economy will collapse if current remediation practices continue.
-The establishment narrative is leading to only one outcome.
-The problem with achieving consensus is exacerbated by the childlike political acrimony between the major political parties.
-Overnight action in the commodity markets is warning that a retest of the prior lows may be imminent. This is signalling that the economy is weaker than anticipated.
-If we fail to hold the 200-week S&P futures mva, eventually housing of all sorts will follow. The longer a lockdown holds, the more likely people will start to dump housing.
-Gold set to test 50-day mva. It doesn’t look good for btc either.
-It is important to hold cash as assets prices have further to fall.
-So far USTs are holding up.
–Stocks; S&P 500 eminis touch 100-week mva, as predicted. It has been unable to take it out the first time around, as predicted. Momentum plays have shown life and some are making new highs (e.g. AMZN, EQIX, NFLX).
–Oil; As of April. 16, USO held 148,264 June 2020 WTI crude oil NYMEX contracts—or roughly 28% of the total open interest for that contract. Traders front run and sell the roll over contract, because of the $6-7 contango premium. They also sell USO. The futures price falls towards spot as it get closer to expiration and USO/UCO shareholders always get hit.
–Gold faces problems in the short term. Last Thursday’s unemployment data was gold bearish and it has been falling since. Some traders are booking profits as open interest and spec longs both drop.
–Fed announces this week’s QE purchases; More gold bearish news; The Federal Reserve announced this week’s purchase schedule and it has fallen some more, which may be alerting some short term gold bulls to pair back. The Fed is scheduled to purchase about $15 billion of USTs and about $10 billion of MBS a day. This marks a sharp drop from about $75 billion a couple weeks ago. Tentative Schedule of Treasury Securities Operations | 4/20/2020 – 4/24/2020 Tentative Schedule of FedTrade Agency Mortgage-Backed Securities (MBS) Operations for the period from April 20, 2020 to April 24, 2020
–Real estate; I have never recommended commercial and retail REITs. One REIT holding up very well (SRVR) is taking advantage of the secular economic shift.
–Commodities; The world may be starving, but that doesn’t mean we buy foodstuff futures or their tracking stocks. Prices to the producers continue to remain subdued. The problems lie elsewhere and there are difficulties for investors trying to profit from this dynamic.
-Answers to a number of emails, including the angry ones who responded to my earlier article. Advice for those just starting out.
“I think the Internet in its current incarnation is a confirmation bias machine… I worry that some of these technologies will be very useful to autocratic regimes to enforce their will.”
Jeff Bezos, October 2018
It’s easy to see that the country’s richest households have been consolidating an ever-greater share of the nation’s wealth over the past 30 years. Since the internet went mainstream in 1995, and after the Fed established QE in 2008, the nation’s wealthiest households have continually prospered at the expense of the bottom 90%.
The 90-99th & 99th percentiles of all American households continue to build wealth at the expense of the bottom 90%. The bottom 50% essentially own nothingHas the internet been the great equalizer? Since the internet went mainstream in 1995, the loss of wealth in the 50-90th & the bottom 50th percentiles has been staggering
Chris,
I never hear you cover the wealth transfer taking place, or have I missed something? Or do you not find it concerning?
Love your talks. I sent it to my brother who is finally waking up to the Beast system upon us.
Thanks for all you do, amigo! New Mexico’s a great state! One of my very liberal brothers lives in Santa Fe. Nice town, lots of wonderful history, but…
P
Here was my response (edited for grammar);
We talk about the wealth transfer all the time. We see how the advent of the internet in 1995 accelerated the trend b/w the bottom 90% and top 10%. The information super highway was supposed to be the great equalizer, but it has only been, as Jeff Bezos said, “a confirmation bias machine.” Social media only further sped up the process.
On the central banking side, the manufactured crises only support the monetary programs, which are exploited [by those with the assets] to lever up and buy up the global economic capacity. This, [of course, is to the detriment of the bottom 90%] who are mostly hooked on the internet and social media, with all the confirmation biases it engenders.
This is why I say that the internet has helped the elites to exploit the weaknesses of humanity. [The rapid transformation of society via these manufactured crises] has only been made possible with social media and the internet.
We need to look in the mirror and take a personal inventory if we are to complain about being forever poor. It all starts with the person in the mirror.
The globalists exploit our confirmation biases to fracture society over relatively trivial issues. The shards of this fracture are effectively neutered in a sea of political correctness and rendered ineffectual. The new world order agenda is then allowed to steamroll through relatively unopposed.
With the internet, we freely hand over all of our personal information. Our owners know us better than we know ourselves. They then attach us to the shackles of debt and we allow them to take our birthright. For those drowning in a sea of personal red ink, they need to look in the mirror before blaming the government and Illuminati. Why do you think there is so much advertising on the web? Because it works. The “confirmation bias machine” of Jeff Bezos has rendered the average person completely unable to make sound long-term financial and personal decisions. Mr. Bezos didn’t become the wealthiest man (at least publicly) by being a nice guy. He exploits our weaknesses to get us to spend until we are beyond broke.
Some may say that they use the internet to study economics and the new world order, and that without it, they would have less understanding. That may be correct, but for every person like this, there are ten others who primarily use it to post on Instgram and Facebook.
How are we going to use the internet? If we use it like the average person, we will only do what the average person is doing, and will drift further into poverty. We all have biases, but recognizing them is the most important step to overcoming.
-All of today’s economic numbers came in much worse than consensus, which points to a more protracted economic downturn than we previously contemplated. Today’s economic data releases were the first ones published in the wake of the manufactured coronavirus crisis.
-I overestimated humanity’s response and we need to accept that we will be acting differently than all those around us. We are too few in number to enact any change. The sheep have been properly conditioned.
–Grim housing data is bullish for working class housing. Home builders just cannot keep up with demand over the long term. They ran annual deficits since 2008, and will fall further behind.
-The mild reaction of stocks to these grim economic data points shows that stocks should test that 100-week mva soon. That is currently about 2881.
-Gold should be supported with this economic data.
-The banking elites have achieved their goals and powerful central government intervention on all fronts will be the new normal.
-The Fed will have to establish much higher municipal and state lending program levels (many multiples more after the dust settles) as well as multiple times higher levels devoted to their recently announced two corporate lending facilities.
-Real estate could actually do okay in certain sectors. On one hand, we have the elevated risk of foreclosure and loss of homeowner income. On the other, we have government forbearance programs, massive monetary stimulus, lower mortgage rates, lack of alternative investment choices, and a massive supply deficit in working class housing.
-Never underestimate how low mortgage rates could move going forward. Denmark has already offered negative yielding mortgages.
-Commodities are behaving as expected with deteriorating demand. Poor economic number mean low commodity prices.
Most of the forecasting research is a waste of money
Hi Chris,
I enjoyed your insight and commentary on the Bernanke interview.
I was wondering how this new era of austerity will effect the stock markets moving forward. With the average retail Joe reducing or eliminating his 401k contributions because of austerity and lowered living standards; he will not being able to prop up the markets with chump change mutual fund contributions- surely liquidity will be reduced. Will just the elites propel the markets higher?
DOW 45,000 is forecasted by some, like Armstrong, then food shortages and economic depression in about the year 2024, and then a war. I would rather have your insights than these Alt Media/financial guru frauds.
Here is my response;
The mind of an alt-financial media follower in the future
We do not need to buy expensive forecasting services to get a glimpse into the future. Based on Ben Bernanke’s comments, it seems apparent that the Fed and its owners will not let this financial system fall apart as imagined by the alt-financial media. If what Ben Bernanke says is true, and the Fed has plenty more room to expand its asset balance sheet, then I would not want to stand in front of this freight train.
Though many “retail Joes” may never again find gainful employment with a competitive wage, I view this dry-run national emergency as a warning for the future. Although humanity has been purposely distracted with the trivial, the future will be very bleak for those who are not emotionally and financially equipped to handle this unfolding NWO narrative. But to those who understand this timeline, they can hold up and prosper.
Think about it, Agenda 2030 will not appear out of no where; it will be implemented over time, and we are just entering the next phase. Humanity would never willingly accept these terms of surrender, but if they are scared enough, or if potential resistance believes they will be raptured out of here, then I see little opposition.
Unfortunately, I already see most of the alt-media followers improperly positioned going forward. As long as they doubt the Fed’s ability to keep spreading the needed trillions to consolidate its power over the markets and world, these disillusioned investors will continue to bleed.
Last decade provided us with a once-in-a-lifetime opportunity to build net worth, yet most alt-financial followers were advised to sit on their hands. For instance, the 2010’s was the most auspicious time in modern history to begin building a profitable portfolio of rental real estate. Borrowing rates were low, capital was available, and price ratios were the lowest since the late 90’s. Last decade’s easy financial conditions also provided us with fertile ground to build businesses. Although the stock market has been beaten up here, long-term investors who rode out the problems of 2008 have been rewarded. Even bond investors have fattened up their balance sheets.
Now that the elites have decided to begin deliberately shutting down parts of the economy and to lower its capacity, this window to build a balance sheet has quickly closed for the ignorant and risk averse. They will now be held hostage to the increasingly grim NWO narrative.
Mr. Bernanke’s comments were very revealing as they pointed to a future world of personal austerity, pain, and corporate consolidation across all sectors of the economy. All the programs the Fed is promoting are tailored specifically for the large corporations and it is clear that the Fed’s owners are extremely concerned about maintaining their power and control over its monetary system. Even its “Main Street” lending program is geared to businesses with 500-10,000 employees. The owners of the Fed are also planning for an environment where the U.S. government is no longer functional or up to the task to keep the lights on.
With respect to my predictions for the future, I think they speak for themselves. Given my outlook for society and the power of the Fed, I see a possible DOW 45,000 scenario. Of course, the alt-media followers will observe in disgust and disbelief as the net worth disparities widen, but I see these types of numbers are likely. This large drop in the major stock averages provides the fuel to rocket stocks higher over the next few years.
As I mentioned before, because of this dry-run national emergency, I estimate that there will be at least 20-30 million newly and permanently unemployed people here in the U.S. The Fed views these lost souls as collateral damage and its owners have formulated no plans to help the average citizen. The average American consumes more than 3,600 calories daily – a 24% increase from 1961, when the average was just 2,880 calories. Ask yourself, how will these people find the money to get food? They have never experienced real hardship and I worry that these people will increasingly become a burden to the government.
Thus, I see the establishment of a labor camp system as the most viable answer to our future economic problems. These permanently disenfranchised people will produce the goods that the corporations used to produce overseas. If the US dollar collapses in global trade as many in the alt-financial media envision, then the corporations will have to repatriate its overseas production and supply chain capacity. The whole time, the Fed will support the publicly-traded companies and helped to maintain a floor under stock prices.
For those who cannot stop spending and have nothing to show for the opportunities from last decade, it will certainly feel like a depression. Welcome to the new world order.
-I provide a line by line analysis of today’s Ben Bernanke online discussion, sponsored by the Brookings Institute.
-Mr. Bernanke was careful to steer the moderator away from comparing the economic effects of coronavirus crisis to the Great Depression, and instead, equating it to a national emergency.
-I observe that the Fed is beginning to assume many authorities that were traditionally reserved for the U.S. Treasury and Federal government, especially with regard to corporate lending. This, I assume is necessary when a future national emergency will render the United States government unable to respond.
-Mr. Bernanke discusses all of the programs already in use and those that are proposed. There are many and I enumerate them all.
-Mr. Bernanke mentioned that the Fed will become active corporate lenders. All the new initiatives are tailored to maintain the banking system and corporations, and will be intended to keep the economic sectors on life support when there is no longer any effective government. There is nothing planned to help the state/local governments and the individual.
-Mr. Bernanke states that there really is no limit to how large the Federal Reserve’s balance sheet can grow. As we did so in the past, he compared the potential size to the relative size of the BOJ’s existing balance sheet (100% of GDP), and stated that the Fed could grow it to that size relative to the U.S. economy with no problem. I agree.
-He mentioned that disinflation or outright deflation will be the main problem over the intermediate term and pointed to commodity prices as an example. I agree.
-When asked if the balance sheet size would cause price issues, Mr. Bernanke equivocated, because he knows that QE is deflationary by definition, but cannot say so.
-To the untrained eye, Mr. Bernanke’s interview wasn’t very revealing, but I see it differently. He speaks of a future world of personal austerity and centralized corporate power, where credit will be very difficult to obtain, as it will be dispensed and administered from a centralized source.
-My overall take on the discussion and my analysis of what lies ahead for us and humanity.
-This coronavirus crisis has been manufactured as a dry run for future national emergencies. These actions, while ostensibly temporary, will be enduring in effect. Mr. Bernanke mentioned the term “hysteresis.”
-I observed a coordinated coronavirus narrative break. Is the worst over? The mainstream business press is contemplating this and we cannot discount it. The reality is not the true situation, it’s whatever the mainstream press say. Beware of the “jumping of the shark” agenda of Zerohedge. In the post 2008 system, real numbers don’t matter.
-Former Fed members and Janet Yellen making the talking circuits. She contemplated equity purchases by Fed. That is the ultimate goal.
-The New York Fed releases its new purchase schedules. Tentative Schedule of Treasury Securities Operations | 4/6/2020 – 4/9/2020 Tentative Schedule of FedTrade Agency Mortgage-Backed Securities (MBS) Operations for the period from April 6, 2020 to April 9, 2020
-Scheduled purchases amount to $73 billion today alone, with slightly higher amounts over the next few days.
–Real Estate; Thinking about residential real estate; Under the post 2008 monetary system, the federal government has the power and ability to quickly establish mortgage forbearance programs. Borrowers can now easily defer mortgages for up to 12 months. This is much cheaper in the long run than letting these people go into foreclosure.
-Borrowing costs will move lower over time, but gaining access to loans will prove more difficult. -Stocks; The S&P 500 200-week mva is proving formidable, but if we can get a further break in the NWO narrative, I think it could be taken out. -Stock recommendation; I bought SPLK (Splunk just after market open)
The globalists exploit our confirmation biases to fracture society over relatively trivial issues. The shards of this fracture are effectively neutered in a sea of political correctness and rendered ineffectual. The new world order agenda is then allowed to steamroll through relatively unopposed.