This current system’s expiration date draws closer to the force majeure

So, let me get this straight; this was an error in judgment?

Out with the old and in with the new. Through crisis, the transition continues as the elites gobble up the world with new money

The mainstream press continue to run cover for the Fed. They just say it was only a series of misjudgments. Isn’t it always? So, let me get this straight…

•First, the current inflationary crisis, which was completely avoidable three years ago when the Fed opened up the spigots in response to an inconclusive crisis, introduced price inflation for the first time in 13 years, which quickly spiked above the trend by the Summer of 2020.

•Next, the goyim stooge, Jerome Powell, insisted that the resulting price inflation from the covid stimulus was merely transitory in nature and not long lasting. Thus, he and the voting committee kept priming the pump for as long as 18 months longer than what was necessary.

This website determined that by December 2020 the Fed needed to begin to unwind its monetary stimulus, including ending 0% overnight lending. Even many in the mainstream began calling on the Fed to scale back its policies by Spring 2021.

•Almost two years after the signs of inflation began to emerge, the FED embarked on its quixotic desperate mission to cure the problem it caused.

•Now there’s a crisis in confidence and no matter what the FED does it’s too late.

There were no mistakes here; most at the top want a new system

How else to justify a new system than by burning the old one?
Most global leaders are joyfully burning the bridge behind them

This was all avoidable, and given the premise of my website, was not a mistake. What comes next is pure speculation. Does the FED continue to raise interest rates and destroy the economy? Or, does the Fed begin a re-injection into the monetary system?

I suspect, given what we have seen, the FED is going to try to have it both ways. The FED will continue putting on a public face of inflation fighter with higher interest rates while injecting trillions of dollars into the banking system to save it.

I am predicting the results will be dire for those who don’t own their assets. All of this money being injected into the banking system will eventually find its way into the asset markets. The Fed and the banking cartel are under orders to keep all of the monetary injections out of the real economy and in the financial shell.

This can last for perhaps another three years until the expiration date. No chances here, but the Fed and its owners have burned the bridges behind them and are timing this upcoming force majeure like a finely tuned Swiss watch.

For the next 3-4 years, the owners of the Federal Reserve are going to absolutely rape the multicultural society with massive monetary injections to buy up as much as they can before the war.

Prepare, the time is now!

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45 thoughts on “This current system’s expiration date draws closer to the force majeure

  1. Home prices are plummeting everywhere but the US. Blame America’s favorite mortgage.

    US home prices fell year-over-year for the first time since 2012 in February.
    But compared to the rest of the world, US homebuyers haven’t gotten much of a discount at all.

    The US’ reliance on the 30-year, fixed-rate mortgage is among the biggest reasons why.

    Home prices are falling in the United States, but compared to the rest of the world, US buyers are barely getting a break at all.

    In February, US home prices declined year-over-year for the first time since 2012, according to a National Association of Realtors report. The median existing home price fell to $363,000 in February, a 0.2% decline from a year prior.

    But compared to homebuyers across the globe, Americans have much less reason to celebrate.

    That’s according to a March OECD report, which measured how much housing prices in 11 countries have fallen since their most recent peaks — rather than on a year-over-year basis like the NAR data.

    In the US, home prices fell 0.9% between the market’s peak in June 2022 and December. Every one of the other 10 countries’ housing markets, however, each of which was measured between December and February, reported a larger fall in home prices from their respective peaks — which came between November of 2021 and August of 2022.

    Per the report, Sweden and New Zealand housing prices both fell roughly 14% from their peaks, while Germany, South Korea, Canada, and Australia saw declines between 5 and 10%. Only the United Kingdom, Denmark, the Netherlands, and Norway saw declines within a few percentage points of the US, ranging between 2.1% and 3.7%.

    Countless supply and demand factors have influenced global home prices. And in the US, a lack of housing supply is arguably the biggest factor holding back housing affordability. But when it comes to the question of why housing prices haven’t fallen as much in the US as the rest of the world over the past year, there’s arguably one key culprit for prospective US homebuyers to blame.

    Blame the most popular mortgage in the US: The 30-year, fixed-rate mortgage
    The US’s predominant home loan structure — which up to 90% of US borrowers opt for — maintains the same monthly mortgage payment over the course of the 30-year loan period, regardless of whether interest rates rise or fall.

    Across the globe, central banks have raised interest rates in an effort to quell inflation. Experts have pointed to housing as one of the industries most likely to be impacted by rising rates, given they make homebuying more expensive.

    But rising mortgage rates don’t impact every country’s housing market the same way. It comes down to the different ways countries structure their home loans.

    The US, for instance, is the only country in which the 30-year-fixed mortgage is the dominant mortgage product, though many borrowers in countries like Denmark, Germany, the Netherlands, the United Kingdom, and Canada have fixed-rate mortgages for at least part of their loan payment periods. Some borrowers only have fixed rates for the first few years or have fixed rates that are “re-fixed” every few years, leaving them still exposed to rising rates.

    For fixed-rate borrowers, many of whom locked in their mortgages when interest rates were low, rising interest rates have no impact on their monthly mortgage payments. Rising rates would, however, impact the cost of their next mortgage payment if they sold their current place and bought a new one.

    Faced with this scenario, many homeowners across the globe who might otherwise have moved are choosing to stay right where they are — unless they get a tremendous offer. The lack of sellers has meant more competitive housing markets, which has helped prop up prices in the US and other countries with a lot of fixed-rate mortgages.

    “The supply is not enough,” Nadia Evangelou, the NAR’s director of real estate research, told Insider in February. “There are not enough homes that can make prices drop — even though there’s less demand.”

    But it’s a different story in countries like Sweden and New Zealand, where a majority of borrowers either have floating rate mortgages — meaning their monthly payments go up when interest rates rise — or have fixed rates that reset every few years.

    While many homeowners in these countries may not be eager to sell, some of them may have no choice as rising payments put increasing pressure on their finances.

    After seeing home prices plunging around her, 28-year-old Madeleine Eiswohld sold her Sweden apartment last week for 4% less than she bought it for two years earlier, she told The New York Times.

    And for the floating rate borrowers who do want to sell their homes, they won’t have to worry about losing out on their existing mortgage rate when they do so.

    These factors have contributed to more selling — and home prices falling more than in countries like the US.

    Big picture, one can make arguments for and against fixed-rate mortgages. And if plummeting housing prices are a signal a country’s economy is on the brink, then perhaps it isn’t such great news for aspiring homebuyers after all.

    But in the 2023 economy, the US’s reliance on fixed-rate mortgages is helping to keep home prices elevated — which is generally good news for homeowners and bad news for families looking to buy their first home.

    It’s among the reasons some US borrowers are bucking convention and seeking out floating — or adjustable-rate mortgages. These borrowers are betting that interest rates will fall in the future and save them thousands of dollars.

    Read the original article on Business Insider

  2. The lives of the lower 90% of balance sheet wealth continue to sink into the abyss, but since when did that matter.

    The 100+ million of illegals that have moved here since the early 80s have a better life, but the native population of wage earners suffer.

    There will be no recession as long as the CPI and GDP price deflator continue to be underreported by the government. Real rates remain negative and asset prices remain firm.

    Atlanta Fed latest estimate 1Q GDP: 3.2 percent — March 24, 2023

    The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2023 is 3.2 percent on March 24, unchanged from March 16 after rounding. An increase in the nowcast of GDP growth from 3.2 percent to 3.5 percent following the March 21 existing-home sales release from the National Association of Realtors was reversed after this morning’s advance manufacturing report from the US Census Bureau.

    The next GDPNow update is Friday, March 31

  3. In the decade+ I have been dispensing advice and analyzing the economic and financial circumstances that are plaguing humanity, I have never been once asked to be interviewed. The only person who asks me to write articles is Henry Makow. I don’t know of anyone else who’s been more accurate over the past decade, yet I don’t conform to any particular bias.

    Imagine if I were on the gold shill programs. Imagine if I were on the economics collapse shows. Imagine if I were on the multicultural media programs like Alex Jones and Mike Adams. Imagine if I were on the pro Russia outlets. Imagine if I were on the pro Trump outlets.

    No sweat, my non-pc brand of analysis suits me well and I’m in need of nothing. I don’t have customers, I don’t have anything to sell, I don’t rely on government benefits, I’m not saving up for a pension, I don’t have an employer nor any sugar daddy. I’ve been self-employed for 22 years and I live off my earnings. I don’t have a newsletter to shill. I don’t have a double secret trading service for you. I have nothing to give you except my understanding. I don’t have conferences that try to upsell you useless garbage. 🗑️

    My analysis even conforms to un-pc Bible prophecy.

    1. I’m sure you’ll eventually be asked to an interview with a medium that has some clout. There is a wealth of knowledge in all of the comment sections.
      Pat o’carroll stating on Makow that Esau is the remenant not Jacob and the Amaleks which God commanded to kill, are the white people. Hmm doesn’t vibe with what we know on here, so I wonder if Henry reads your articles….

      1. I didn’t read the article, but if what you say is true it’s quite sad that the complete opposite of the truth is reported on the alt-media outlets.

  4. Trans flight attendant famed for airline ad dies by suicide: ‘Sorry I could not be stronger’

    “As I take my final breaths and exit this living earth, I would like to apologize to everyone I let down. I am so sorry I could not be better,” reads the emotional Instagram post. “To those that I love, I am sorry I could not be stronger. To those that gave me their everything, I am sorry my effort was not reciprocated.”

    When reached by The Post for comment, reps for United said, “We are incredibly saddened by the tragic loss of Kayleigh Scott and extend our deepest condolences to her family, friends and co-workers.”

    He made three mistakes, which doomed his soul for eternity.
    1) He denied what God gave him,
    2) He gave in to Satan again by killing himself.
    3) His blood is on others who followed in his footsteps to undergo a sex change, encouraging others to do the same thing.

    1. Nothing new under the sun, unfortunately. The Bible explains it all and it is not a modern text at all.

      Romans 1:18-32

      God’s Wrath Against Sinful Humanity

      The wrath of God is being revealed from heaven against all the godlessness and wickedness of people, who suppress the truth by their wickedness, since what may be known about God is plain to them, because God has made it plain to them. For since the creation of the world God’s invisible qualities—his eternal power and divine nature—have been clearly seen, being understood from what has been made, so that people are without excuse.

      For although they knew God, they neither glorified him as God nor gave thanks to him, but their thinking became futile and their foolish hearts were darkened. Although they claimed to be wise, they became fools and exchanged the glory of the immortal God for images made to look like a mortal human being and birds and animals and reptiles.

      Therefore God gave them over in the sinful desires of their hearts to sexual impurity for the degrading of their bodies with one another. They exchanged the truth about God for a lie, and worshiped and served created things rather than the Creator—who is forever praised. Amen.

      Because of this, God gave them over to shameful lusts. Even their women exchanged natural sexual relations for unnatural ones. In the same way the men also abandoned natural relations with women and were inflamed with lust for one another. Men committed shameful acts with other men, and received in themselves the due penalty for their error.

      Furthermore, just as they did not think it worthwhile to retain the knowledge of God, so God gave them over to a depraved mind, so that they do what ought not to be done. They have become filled with every kind of wickedness, evil, greed and depravity. They are full of envy, murder, strife, deceit and malice. They are gossips, slanderers, God-haters, insolent, arrogant and boastful; they invent ways of doing evil; they disobey their parents; they have no understanding, no fidelity, no love, no mercy. Although they know God’s righteous decree that those who do such things deserve death, they not only continue to do these very things but also approve of those who practice them.

      1. We better be prepared, because these reprobates whom Paul referred to are going to destroy us.

  5. Los Angeles Overtakes Shanghai in World Financial Centers Ranking

    (Bloomberg) — The home of Hollywood has overtaken China’s commercial capital in a fresh ranking of the world’s top financial centers.

    Los Angeles took sixth spot on the Global Financial Centres Index (GFCI), pushing Shanghai into seventh place. Meanwhile, Chicago and Boston broke into the top 10, edging out Beijing and Shenzhen.

    There was no change at the top of the list. Finance powerhouses New York and London remained in the top two spots, while Singapore clung on to the third place that it snatched from Covid-battered Hong Kong last year.

    Other findings in the report were:

    Seoul moved into the top 10, while Paris dropped out
    San Diego climbed the most spots, up 20 places to no. 39
    The British Virgin Islands dropped the furthest, falling 16 spots to no. 107
    Dubai was the highest-ranked Middle Eastern city at no. 22
    In Australia, Sydney took 15th place, with Melbourne at no. 28
    The index, compiled by think tanks Z/Yen Partners and the China Development Institute, ranks 120 financial centers and uses data collected from thousands of financial services professionals responding to an online questionnaire.

    Here are the top 20 financial centers, along with their previous rankings:

    New York, US (1)
    London (2)
    Singapore (3)
    Hong Kong (4)
    San Francisco (5)
    Los Angeles (7)
    Shanghai (6)
    Chicago (12)
    Boston (14)
    Seoul (11)
    Washington DC (15)
    Shenzhen (9)
    Beijing (8)
    Paris (10)
    Sydney (13)
    Amsterdam (19)
    Frankfurt (18)
    Munich (24)
    Luxembourg (21)
    Zurich (22)

  6. Durable goods a huge dud!

    Core Durable Goods Orders (MoM) (Feb)
    Act: 0.0% Cons: 0.2% Prev: 0.4%

    Durable Goods Orders (MoM) (Feb)
    Act: -1.0% Cons: 0.6% Prev: -5.0%

    Durables Excluding Defense (MoM) (Feb)
    Act: -0.5% Cons: Prev: -5.6%

    Goods Orders Non Defense Ex Air (MoM) (Feb)
    Act: 0.2% Cons: 0.1% Prev: 0.3%

    1. Look at the yield on the 10-year Treasury. At 3.31% it has taken out the daily support line, which which means longer term sovereign debt prices have done well so far this year.

    2. Gold pops above $2,000 again this morning. Let’s see if it holds.

      The market is really pricing in FED fund rate decreases.

  7. Here’s a question from a reader;

    I would like your thoughts on the following: I read from Armstrong that China is dumping US debt and the FED has been raising rates so other foreign buyers will find the US debt attractive and buy US debt being dumped by China…..hence, that is one of the main reasons we are getting higher interest rates from the FED. What do you think?

    I have not read any of his stuff since I attended his 2015 conference in Princeton and realized it was a waste of time and money.

    For illustration purposes I present the treasury’s data regarding US Treasury holdings by nation.

    As we can see, these numbers pale in comparison to those of 10 to 15 years ago. As time moves on, foreign nation-state holdings as a percent of total Treasuries outstanding have decreased since 2008 and before QE. Moreover, when we compare previous numbers to a percent of GDP, as well as the total Treasury market, foreign holdings have continually become less significant.

    Thus, I become less concerned about the holdings of each nation. This is especially true when we consider potential enemies like Russia and China. Even friendly Nations like Japan have paired back their holdings.

    The following is a presentation from the Dallas-Fed regarding total Treasury debt outstanding, including its marketable component, which subtracts treasury debt held by government agencies and the Federal Reserve.

    When we see the persistent rise in the nominal numbers, we should compare it to nominal GDP. In this regard, the debt burden has been paired back quite a bit over the past couple years since its covid stimulus peak.

    So, why would a country pair back its holdings of US Treasuries? The reasons are manifold and have less to do with comparable coupon rates and insolvency risks, and more to do with geopolitical strategy and total investment return. Keep in mind that a nation state like China would typically hold liquid dollar-based assets in order to conduct commerce.

    To wit, large nation-state holders of Treasuries like China are more concerned about the direction of interest rates, the potential for capital losses, holding dollar based assets for commerce and trade, as well as facing potential liquidity problems down the road as China emerges as a future enemy.

    For our convenience, take a look at the following table of nation state 10-year sovereign yields presented on Bloomberg.

    As we can see, all the nation states have had yields rising, and though Russia and China’s sovereign debt is not listed, their yields have risen commensurately.

    So, what does this all mean?

    •Given prevailing price inflation, I view real Treasury bond yields as being historically low.
    •The Fed has been raising overnight rates to fight price inflation on the consumer level. If inflation had not been rising, the FED funds rate would not be rising to 5%.
    •China’s gradual decrease in absolute numbers, and massive decrease in relative numbers, has reached a point where it’s just a footnote.
    •What I find remarkable is that the US 10-year Treasury is yielding about 150 bps lower than overnight rates. Despite the Cassandra calls to the contrary, given prevailing price inflation, real bond yields are remarkably low and the US government working with the Federal Reserve has been able to suppress sovereign debt yields.
    •As you can tell by the data tables and charts above, China’s treasury holdings are almost a non-issue. In fact, the FED expanded its balance sheet and credit by over $400 billion dollars last week, which approximates half of China’s UST holdings.
    •China is less concerned about a collapse of the UST market and more concerned about Capital losses from rising market yields and strategic financial decisions in the future against a future enemy.
    •China is having its own internal economic and financial issues and its selling of UST holdings could be used to fund and assuage those concerns, which really have nothing to do with its opinion of its UST holdings per se.
    •When we look at the increase in nominal GDP, I see total marketable UST volume outstanding as a relatively manageable circumstance. This is the upshot of price inflation and the reason why governments really prefer inflationary environments.

    Thus, if Armstrong is stating such a premise regarding foreign UST holdings, I would conclude to you that such a theory is a red herring. If CPI inflation subsided, the entire yield curve would shift back lower.

    If we are to more accurately predict future outcomes, we need to remain focused on what truly matters in this regard and Armstrong is once again leading you down the wrong path.

  8. Ackman Warns of Accelerated Deposit Outflows After Fed Decision

    (Bloomberg) — Pershing Square’s Bill Ackman said he expects an acceleration of deposit outflows from banks after US Treasury Secretary Janet Yellen “walked back” comments about guaranteeing all deposits and the Federal Reserve raised its benchmark rate.

    “We have gone from implicit support for depositors to @SecYellen explicit statement today that no guarantee is being considered with rates now being raised to 5%,” Ackman said in a long Twitter post. The 5% rate threshold makes bank deposits “much less attractive,” he wrote.

    “I would be surprised if deposit outflows don’t accelerate immediately,” Ackman added.

    “A temporary system-wide deposit guarantee is needed to stop the bleeding,” he wrote. “The longer the uncertainty continues, the more permanent the damage is to the smaller banks, and the more difficult it will be to bring their customers back.”

    Earlier in the day, Ackman said in another tweet that Yellen’s statement on the Treasury not considering an expansion of deposit insurance was a “big mistake.” He added that Yellen’s remarks in addition with the Federal Reserve’s 25 basis-point hike “puts even more pressure on” non-systemically important banks.

    On Tuesday, Ackman said Yellen’s comments on the federal government’s involvement in the banking system could potentially mitigate the need for a temporary deposit guarantee. The day before, he said the Fed should pause its interest-rate moves this week in light of the banking crisis.

    ©2023 Bloomberg L.P.

  9. Powell sounding good so far in the press conference. I’m liking what I’m hearing, at least for those who own the assets.

    A lower trajectory for interest rate increases despite elevated inflation, and willingness to use the supposed Bank blow ups as an excuse to be less hawkish.

    1. Yellen talking down bank stocks.

      Notice the multiculturalists in the Biden regime. They think spending a country into bankruptcy is okay. In fact, most of them are only concerned about themselves and if the nation govt goes insolvent, it’s okay with them. Keep raising federal spending to ensure racial equality and fairness. Of course, they have a platform, because the Fed Reserve owners give it to them.

  10. Multiculturalism is even worse up north. What a shit hole the Israelite remnants have become. Shh…. Don’t say anything, you’re racist and a Trump supporter. 🤣🤣🤣

    Canada’s Population Grows by Over 1 Million for First Time

    •Annual expansion of 2.7% is fastest among advanced economies
    •Rush of newcomers strains housing market, health-care system

    (Bloomberg) — Canada’s population grew 2.7% in 2022, the fastest expansion among advanced economies and on par with many African nations.

    The country added a record 1,050,110 people over a one-year period to Jan. 1, bringing the total population to 39,566,248, Statistics Canada reported Wednesday in Ottawa. International migration accounted for 95.9% of the growth — a testament to Canada’s decision to counter the economic drag of an aging populace by throwing its doors open to newcomers.

    1. I agree and I don’t need to read the stats. Just walk around anywhere in Ontario.
      Toronto has changed so much – I really don’t like it anymore.
      I was visiting a pioneer village in Eastern Ontario last fall and the mosaic of the population never used to venture that far from the city and they were all over the place there too.
      I know it’s not PC but sometimes I just want to be amongst my own kind.

      In Quebec, the immigrants don’t want to stay, if they even come here in the first place – French language laws scare them away and I’m all right with that. Winters are pretty harsh too.

    2. Canada needs 300,000 new rental units to avoid gap quadrupling by 2026: report

      “Canada’s vacancy rate fell to 1.9 per cent in 2022, its lowest point in 21 years, from 3.4 per cent in 2020 and 2021.

      “Competition for units also drove the highest annual increase in rent growth on record, by 5.6 per cent for a two-bedroom unit.”

      1. Ask yourself what you think rents and RE prices are going to do.

        Trudeau says foreigners can’t buy Canadian real estate, so he brings the multicultural foreigners to Canada instead. What a twisted bastard he is. Nice touch.

        You white Canadians should not feel guilty about hating this.

        1. You need the world to be multi-cultural for the mark of the beast to be well implemented. If you have a nation that is majority Israelite (united together in Christ) — who is going to enforce the mark? I reckon this is one of the reasons for the multi-cultural push on the Western world the past 60 years:

          Mark 13:12-13
          “Brother will betray brother to death, and a father his child. Children will rebel against their parents and have them put to death. 13 Everyone will hate you because of me, but the one who stands firm to the end will be saved.

  11. Panera Bread tests Amazon’s palm-scanning technology in St. Louis
    PUBLISHED WED, MAR 22 20237:00 AM EDT

    •Panera Bread is testing Amazon’s palm-scanning technology at two restaurants in St. Louis.
    •Customers can use their palms to pay for their orders and connect to their loyalty program accounts.
    •Panera’s loyalty program has more than 52 million members, representing a big expansion opportunity for Amazon One.

    1. Good grief. The bread isn’t that outstanding there. What is wrong with people?

    2. Does anyone see how weird it is that these loyalty programs are everywhere and they are trying to make it ‘convenient’ for you to link this to bank accounts, credit cards and other programs? The strangest for me is the points program at the gas pump, linked to the bank and Costco. Since when does a bank have interest in partnering with retail?. I’m trying to unsubscribe to these reward programs but it isn’t as easy to get out of them as it was to sign up. I have to go to some very fine print to find that I have to call my request in on the phone but the phone number isn’t easy to find. I gave up at that point but I’ll try again. I suppose I’ll be on hold for hours trying to do this.

      1. These programs are designed to get us to part with our cash without actually using cash anymore.

        In US and Canada it will be like China post-force majeure. Swipe your hand for access. 🫱

  12. The financial raping of Ephraim continues… I’m sure the people on the street think the biggest plague to humanity is racism….

    UK inflation rate breaks 3-month stretch of declines with surprise rise to 10.4%

    •British households continue to contend with high food and energy bills, while workers across a range of sectors have launched mass strike action in recent months.
    •The Bank of England has been hiking interest rates aggressively in a bid to rein in inflation and will announce its latest monetary policy decision on Thursday.

    U.K. inflation unexpectedly jumped in February, as food and energy bills continued to rise, placing further pressure on households.

    The consumer price index (CPI) increased by an annual 10.4%, above the 9.9% consensus forecast among economists in a Refinitiv poll and up from 10.1% in January. On a monthly basis, CPI inflation was 1.1%, exceeding a forecast of 0.6%.

    “The largest upward contributions to the monthly change in both the CPIH and CPI rates came from restaurants and cafes, food, and clothing, partially offset by downward contributions from recreational and cultural goods and services (particularly recording media), and motor fuels,” the U.K. Office for National Statistics said.

    The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 9.2% in the 12 months to February 2023, up from 8.8% in January.

    The surprise increase in February marked a break from three consecutive months of slowing price increases since the 41-year high of 11.1% reached in October.

    1. Gold prices could notch an all-time high soon — and stay there
      UPDATED WED, MAR 22 2023 1:40 AM EDT

      •Gold prices have more room to rise and could go as high as $2,600 per ounce.
      •Investors have been turning to gold and Treasurys after the collapse of Silicon Valley Bank and Credit Suisse’s struggles.
      •Gold’s all-time high was $2,075 in August 2020, according to Refinitiv data.

      1. I agree! The momentum in Metals has been building up to be one of the next upcoming sector themes. With btc currently stealing the limelight at the moment, running on that banking fiasco catalyst. Chris as you said gold would be much higher, if btc wasn’t in the way. Can some sort of news come out to fizzle the btc hype….and then metals grabs the baton….Banking stocks could also get a decent rebound soon, as it’s all doom and gloom in the media. Remember take the contra.

        I’ve noticed the pumps and upticks have been happening in sector themes then moves on to the next. For example, it was lifesciences in January and artificial intellegence, in Feb. Oil sector stocks are pointing upwards for a medium bounce. NEM SCCO MRO GUSH, etc… “should be” higher a few months from now. I still think pot stocks get the news they need in 2023, Chucky Schumer is overdue for a statement, so that is also a theme to look at as the sector is trading at the lows.

        1. I notice the concerted effort to keep Au below 2k. That’s official action.

  13. The japheth remnants are quietly uniting. The force majeure draws closer. Prepare, the time is now.

    China’s Xi tells Putin of ‘changes not seen for 100 years’

    President Xi Jinping and his Russian counterpart Vladimir Putin were filmed saying warm goodbyes as their two-day meeting ended with China’s leader saying they were driving geopolitical change around the world.

    The two leaders called for “responsible dialogue” to resolve the Ukraine crisis, with Xi acknowledging Beijing and Moscow had signed an agreement bringing their ties into a “new era” of cooperation.

    A video of Xi’s departure on Wednesday was filmed with translators speaking for both men.

    “Right now there are changes – the likes of which we haven’t seen for 100 years – and we are the ones driving these changes together,” Xi told Putin as he stood at the door of the Kremlin to bid him farewell.

    The Russian president responded: “I agree.”

    Xi then put out his hand to shake Putin’s and said: “Take care please, dear friend.” Putin responded by holding Xi’s hand with both of his and saying, “Have a safe trip.”

    The Chinese leader’s visit to Moscow comes days after the International Criminal Court (ICC) issued an arrest warrant for Putin for war crimes allegedly committed in Ukraine, where Russian forces have made little progress in recent months despite suffering heavy losses.

    The talks were intended to cement the “no limits” partnership the two leaders announced last February, less than three weeks before Russia invaded Ukraine.

    Putin said a Chinese proposal to end the conflict could be used as the basis of a peace settlement, but the West and Kyiv were not yet ready.

    The United States has been dismissive of China’s peace plan and said a ceasefire would lock in Russian territorial gains and give Putin’s army more time to regroup.

  14. Here’s a response to a confused lad who thinks Putin is a good Christian and an antidote to the Western synagogue degeneracy.

    There are no good sides in this psyop war. Only different sides of the pyramid. My sympathies lie with the Bible and Jesus Christ.

    The America I grew up in and loved no longer exists, but I will certainly not side with an antichrist charlatan like Putin. He’s a former KGB colonel who helped shape the anti-Western demoralization tactics of the Soviet Union. He’s an expert in lying. He is even more savvy to the conspiracy than any Western stooge as his synagogue handlers have allowed him to stay in power for almost 24 years. He’s effective in demoralizing Americans.

    Putin is an expert in creating double-mindedness in the recipient of his propaganda.

    1. As long as showman Trump is in the spotlight, the Democrats are assured another presidency win in 2024. Imagine what the Democrats will do when they are reelected. Trump is the Democrats best friend. He’s a charlatan. His bankruptcies were picked up by his synagogue handlers, who allowed him to stay in business.

      Trump, the perfect opposition leader for a dumbed-down America.

  15. Look for the banks to buy up Switzerland… And Europe… And the Commonwealth… And the US… Hold on to your houses

    Swiss Are On the Hook for $13,500 Each on Credit Suisse Bailout

    •Taxpayer exposure amounts to 109 billion Swiss francs
    •Despite some public anger, risk of hitting the ceiling is low

    (Bloomberg) — Switzerland’s tab for shoring up its reputation as a financial center could run to 12,500 Swiss francs ($13,500) for every man, woman and child in the country.

    To backstop the emergency sale of Credit Suisse Group AG to its Zurich rival UBS Group AG, the Swiss government pledged to make as much as 109 billion francs available — a hefty burden for the country of 8.7 million people.

    On top of that, there’s a guarantee from the Swiss National Bank of 100 billion francs that isn’t backed by a government guarantee, according to the deal announced Sunday evening.

    The combined sum of 209 billion francs is equivalent to about a quarter of Switzerland’s gross domestic product and exceeds total European defense spending in 2021. The price tag for Switzerland’s largest ever corporate rescue could add up to more than three times the 60 billion-franc bailout of UBS in 2008.

    “The solution that has been drafted now is that if all comes good, UBS makes a huge profit,” Rechsteiner said by phone. “They got Credit Suisse for nothing at all and the government is backing the losses.”

    Despite the frustration, financial experts cautioned that there’s little chance the final price tag will reach the limits set by the government, while the cost of doing nothing could have been much higher.

    On the 100 billion-franc guarantee to SNB, “there I see a somewhat limited risk,” said Manuel Ammann, director of the Swiss Institute of Banking and Finance at the University of St. Gallen. “I see more risks in the 9 billion francs that the government is guaranteeing in terms of excess losses for Credit Suisse.”

    Liability for the government-backed 100 billion francs “would only materialize if there was a bankruptcy of the merged entity,” he added. “This is a real long shot at the moment.”

    “Now both Swiss banks had to be saved by the government,” he said. “That’s not a good track record.”

  16. Watch out for the gloomers in housing.

    Existing Home Sales Tuesday March 21, 2023 (February)

    Actual: 4.58M
    Forecast: 4.19M
    Previous: 4.00M

    This past weekend, I had a full price, all cash offer on my condo, but I went with someone else as they offered a little more with an inspection waiver. Plus I need three weeks to get a 1031 transaction approved by MD Taxation dept. With the 5k in buyer subsidy, my contract price was 5k above the previous high in the development. Six offers in three days. Probably could have gotten more if I waited.

  17. The pale horse continues to emerge from the injections. There’s no way back. The tribulation period must move forward. These injections have compromised the immune systems amongst other things that’s why all these people are getting sick and dying over stuff that a healthy person wouldn’t give a second thought.

    CDC warns about ‘dramatic increase’ in deadly fungal infection sweeping the US

  18. The federal government is powerless to stop what is happening. It is moving closer to insolvency, even if it ratified a debt ceiling raise. The Fed must begin to inject the 100s of billions in cash to plug up everything. Will it do so forever and run perhaps trillion dollar aggregate losses? Will it eventually save itself instead?

    As we get closer to the force majeure, I see a wave of monetary inflation the likes we have never seen in Western history since Weimar Germany.

    By the time that stage hits, most will accept the new system.

    The Fed circumvented the debt ceiling to borrow billions for failed banks

    As a consequence of its COVID crisis asset purchase program and the subsequent increases in interest rates needed to fight inflation, the Fed is now losing billions of dollars a week.

    The Fed’s most recent H.4.1 statement shows that the Fed has borrowed $41 billion to pay its cash losses, but these borrowings do not count as U.S. Treasury debt and are not counted against the congressional Treasury debt ceiling limit.

    In the past week, the Fed’s financial statement shows it borrowed an additional $143 billion to fund the FDIC’s bailout of Silicon Valley Bank (SVB) and Signature Bank, even though the FDIC is supposed to fund bank bailouts using the deposit insurance fund and, if need be, by borrowing from the U.S. Treasury. Instead, the Fed borrowed these funds and lent them to the FDIC to keep these bank failures from reducing the Treasury’s cash balances. You may recall that the Treasury is already precluded from any additional borrowing under the current congressional debt limit.

    The Fed is now losing billions of dollars each month. The losses are a consequence of the Fed’s huge investment portfolio that yields around 2 percent but costs about 4.6 percent to finance. Measured using generally accepted accounting principles, the Fed is now approximately bankrupt. As operating losses mount in the months and years to come, its cumulative operating losses and the Fed’s GAAP equity capital deficit will grow.

    The Fed pays for its cash operating losses in two ways. It can print paper Federal Reserve Notes which pay no interest, or it can borrow reserve balances from banks and other financial institutions through its reverse repurchase program. When it borrows, it pays the lenders the interest rate on reserve balances (4.65 percent) or the rate on reverse repurchase agreements (4.55 percent).

    The Feds’ ability to fund these losses by printing paper currency is limited by the public’s demand for Federal Reserve Notes. As a practical matter, the Fed borrows most of these funds. Between March 1 — the week before the SVB and Signature Bank runs — and March 15, the last Wednesday data point available for reserve balances, the Fed’s total reserve and reverse repurchase borrowing increased by $175 billion.

    The FDIC is supposed to fund the cash expenses generated by failed bank receiverships by using balances in the deposit insurance fund, drawing on the FDIC’s line of credit with the U.S. Treasury or utilizing the Treasury’s Federal Financing Bank.

    As of year-end 2022, The deposit insurance fund had assets of a little over $128 billion invested in government securities. The Fed’s $143 billion loan to the FDIC indicates that the actual cash needs of the SVB and Signature Bank failures would have more than exhausted the FDIC’s deposit insurance fund. Beginning a potential banking crisis with a fully depleted insurance fund would not have instilled confidence in the administration’s claim that the banking system is “sound.”

    So faced with cash demands to finance the SVB and Signature Bank failures, dwindling Treasury cash balances, and a congressional debt limit that precludes additional Treasury borrowings, the administration decided to circumvent the FDIC’s legally authorized funding sources and use Federal Reserve emergency lending powers to fund the FDIC bailout.

    The Fed is now borrowing to fund the FDIC loan as well as the Fed’s own operating losses to the tune of $184 billion, and yet these costs do not show up in the Federal budget deficit nor do the Fed’s borrowing count against the congressional Federal debt ceiling even though these borrowings clearly are U.S. government debt.

    If Congress does not have a heart-to-heart discussion about this issue with the secretary of the Treasury and Fed Chair Powell, they have all but abdicated their most important power — the power of the purse. Let’s hope they have that discussion soon.

    Paul H. Kupiec is a senior fellow at the American Enterprise Institute.

    1. The one thing that could slow down the losses at the Fed would be for it to wind down its IOER or IORB program and force the banks to do something else with their money.

      The downside of that would be highly inflationary as that money would have to go elsewhere. The Fed used this reverse repo facility to help keep excess cash generated by QE out of the economy and driving up prices.

      In order to save itself, the Fed must accept dovish policy and high inflation. With the Biden regime proposing a federal budget approaching $7 trillion, the amount of debt additions.will be substantial.

      The only way out until the new system is introduced will be to slash the Federal funds rate and increase asset purchases. I cannot see how the operators of the current system will allow it to die without first trying this route.

      1. Unlimited borrowing and unlimited liabilities were the main culprits of the recipe that paved the road to Hitler first and to WWWII later during Weimar Republic hyper-inflationary period too.

        The unlimited borrowing of the Fed in an inflationary period will starve of money the rest of the economy and will hit very hard many ordinary citizens of the whole world, not just Americans.

        History repeats itself and it seems that our adversary is keen to try the same route again in order to provoke weaker rivals such as Russia and China to the next war.

  19. CJ, how will inflation in the financial shell impact property owners? I have in mind tax rates.

    1. The costs of ownership will continue to escalate relentlessly. Rents are rising, but it is imperative for landlords to keep raising rents to keep up with the costs.

      Taxes are rising, but that’s farther down on the list. The only aspects of real estate I encourage ownership are in farm land and residential single-family rentals in the middle third. I prefer the 35th to 60th percentile of median price for a particular area. Rents are keeping up with expenses and they’re easier to rent out.

      Overall, I suspect that the financial shell money will go to PE and institutions. They will continue to put upward pressure on assets, especially the midrange rentals.

  20. Imagine if people figured out how cheap farmland and housing was, given Fed policies and Biden regime environmental garbage. Collapse talk is necessary to keep the average wage slave scared and out of the market, while it also helps to smooth out land and housing price inflation.

    If I had the money I would be buying with both hands.

    Prices for Nebraska farmland have continued to increase, reaching their highest price ever this year.

    Average prices for ag land were $3,835 per acre as of Feb. 1, up 14% in the past year, according to the University of Nebraska–Lincoln’s 2023 Nebraska Farm Real Estate Market Survey preliminary report.

    That amount is the highest non-inflation-adjusted statewide land value in the 45-year history of the survey, while the increase is the second-largest since 2014.

    The report is in line with one released earlier this year by Farm Credit Services of America, which showed prices rose 14.3% in 2022 compared with 2021.

    The report attributed the rise in values to a number of factors, including higher commodity prices, purchases for operation expansion, favorable financial situations for current owners and an increase in buyers acquiring land as a hedge against inflation.

    Jim Jansen, an agricultural economist who co-authored the survey and report, said many farmers and investors took advantage of low interest rates in the first half of 2022, but now that rates are on the rise, it could affect demand for farmland.

    “Monetary policy in 2022 created a dynamic period as the Federal Reserve raised interest rates to combat inflation,” Jansen said in a news release. “Interest expenses for land loans gradually rose over the prior year and into 2023 as the Federal Reserve continues policies to decrease inflation.”

    Both the Farm Credit Services report and one from the Federal Reserve Bank of Kansas City showed that prices were already starting to slow down in the second half of 2022.

    The highest land prices continue to be in the eastern part of the state, with the area that includes Lancaster County having the highest price, at $9.320 an acre on average. The highest increase, 17%, occurred in the southeastern corner of the state.

    Despite severe drought conditions over much of the state, non-irrigated land tended to increase more in value than irrigated land.

    Dryland cropland with irrigation potential rose 16% while land growing hay rose 17% and non-tillable grazing land rose 15%. By contrast, center pivot-irrigated cropland rose 13% while gravity-irrigated cropland rose 12%.

    “Extensive drought in major grazing land areas poses a threat if we don’t see additional rainfall this upcoming grazing season,” Jansen said in the release.

  21. CJ, you said:

    “For the next 3-4 years, the owners of the Federal Reserve are going to absolutely rape the multicultural society….”

    I would add to that, that average whites likely will be blamed for this rape.

    1. Indeed. That’s why the synagogue put in their goyim stooge Powell as their front man for the reckless policies of the Fed.

      The synagogue’s media are also out in front blaming Trump for relaxing all the banking restrictions.

      The self-loathing white people will look in the mirrors and say how terrible they are. They will recommend placing multiracials in positions of authority looking out over them. Of course, no one really has any more discretion in politics, so it doesn’t matter who’s in office. The synagogue will force us to celebrate the histories of all the different races while dragging the white people across the concrete.

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