As global trade de-dollarizes, dollar-based asset owners benefit

Note to reader; the process to de-dollarize large parts of the world seems to be intentional on the part of the New World Order engineers. This process causes dislocation inefficiencies as production and supply chains are disrupted, while more bilateral transactions are executed in less efficient currencies.

While a nation like China is adversely impacted (this is fleshing out in its recent economic data), other nations like Mexico benefit at China’s expense. This de-dollarization process counterintuitively benefits dollar-based asset prices as those with these dollars seek a home for them, and the direct beneficiaries are investors as well as stockholders and landlords. Those who own dollar-based assets will continue doing well, while those deriving dollar-based earned income end up on the short end with a degradation in their paycheck’s purchasing power.

I suspect that this process still has a long way to go. Thus, extrapolating out into the future based on the past may be seriously misguided. For instance, market analysts and economists who keep predicting residential real estate price corrections based on local affordability have been continually incorrect. I submit there are other factors keeping asset prices relatively elevated. Investors and economists who underestimate these larger macro global monetary trends do so at their peril.

Below is an unedited version of a Nikkei Asia article from July 25th, titled, ‘Yuan exceeds Dollar in China’s bilateral trade for first time”. My goal here is to put this into perspective as we observe these unprecedented circumstances and how they relate to the trends of asset price movements as well as overall price inflation and its impact on our daily affairs.

Yuan exceeds dollar in China’s bilateral trade for first time
  • April-June figure driven by capital market liberalization and Russian trade
  • The yuan was used in 49% of China’s cross-border transactions last quarter, topping the dollar for the first time, a Nikkei analysis shows, mainly due to a more open capital market and more yuan-based trade with Russia.

The yuan was used in 49% of China’s cross-border transactions last quarter, topping the dollar for the first time, a Nikkei analysis shows, mainly due to a more open capital market and more yuan-based trade with Russia

Nikkei looked at international trade by companies, individuals and investors based on currency, using statistical data from the State Administration of Foreign Exchange of China. Nikkei’s compilation does not include yuan-based settlements for trades and capital transactions that do not involve China as a counterparty.

The Society for Worldwide Interbank Financial Telecommunication, better known as SWIFT, reports that as of June the dollar’s share is the largest globally at 42.02%, including trades between countries other than China. The yuan represented 2.77% and ranked fifth overall after the euro, the U.K. pound and the Japanese yen.

The yuan’s share of global payments remains small compared with the size of China’s economy, but is up from 1.81% about five years ago. Bilateral payments, backed by China’s economic influence, have gradually expanded its foothold.

Cross-border settlements in the Chinese currency totaled 42.1 trillion yuan ($5.85 trillion) in 2022, the People’s Bank of China reports. Capital transactions accounted for 31.6 trillion yuan, or about 75%, with current-account transactions such as trade making up the rest.

Yuan-denominated international payments last quarter grew 11% on the year to $1.51 trillion, while dollar payments shrank 14% to $1.4 trillion, the first quarter in which the Chinese currency pulled ahead in data going back to 2010.

China first allowed trade payments to be settled in yuan in 2009. This included settlements for freight, services and current account transfers, as well as capital transaction settlements, including for stocks and bonds.

China’s opening of its capital markets and a push away from the dollar in trade have been key factors in the shift toward the yuan.

The Chinese government has opened the door for foreign investors to trade in yuan-denominated stocks and bonds via Hong Kong, with the Stock Connect program that launched in 2014, followed by Bond Connect in 2017. Similar links for exchange-traded funds and interest rate swaps debuted in 2022 and this year, respectively.

On the trade side, Russia has used the yuan more — including for Chinese purchases of its oil — since Western sanctions imposed in response to Moscow’s invasion of Ukraine last year cut it off from dollar and euro payment networks. The Chinese currency made up a record 39% of total volume in Russia’s foreign exchange market in March, the Russian central bank says.

Beijing has signaled it looks to push harder to expand the yuan’s role in cross-border payments.

Efforts to encourage international use of the currency stalled after a 2015 devaluation unintentionally roiled markets. But President Xi Jinping said at the Communist Party congress last October that the yuan’s internationalization would be promoted “in an orderly way,” heralding a more proactive approach than the previous “steady and prudent” phrasing.

Beijing is inking bilateral agreements to this end. China and Brazil, which counts the Asian nation as a major soybean market, reached a deal in March enabling direct exchanges between the yuan and the Brazilian real without using the U.S. dollar as an intermediary. Argentina said in April it would switch from dollars to yuan for paying for imports from China.

Many emerging economies seek to reduce their dependence on the dollar, and Washington’s leveraging of the greenback’s dominance for sanctions against Russia has provided further motivation. The yuan stands to benefit from this shift.

This could spur currency decoupling or the formation of currency blocs, with big democracies continuing to use the dollar while China and countries with close political or economies ties to Beijing move toward the yuan.

China also looks to use its immense buying power to put a dent in the dollar’s grip on commodity markets. State-owned China National Offshore Oil Corp. (CNOOC) and France’s TotalEnergies in March completed China’s first yuan-denominated purchase of liquefied natural gas.

Broader international use of the yuan has been hindered by tight controls on exchanging the currency and moving it in or out of the country, intended to prevent big market swings. Some observers expect Beijing to ease these restrictions gradually to strike a balance between stability and usability.

The link to the original article can be found here;

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47 thoughts on “As global trade de-dollarizes, dollar-based asset owners benefit

  1. The six trillion of COVID-19 stimulus handed out by the Fed and feds directly to the American (and foreigner) consumers has been mostly spent and has trickled up to the balance sheets of the asset owners. These consumers spent it at their favorite multinational firm and have enriched the asset owners while impoverishing the consumer with ever rising costs of living due to the.inflated money supply.

    Now the Feds can spend as they are passed the baton.

    Americans’ Spending Set to Slow as Income Dips Below 2019 Trend
    46 minutes ago

    (Bloomberg) — US consumers are still spending like it’s 2021 — but that will soon change as they run out of cash, according to a report from the Brookings Institution.

    Real income growth has slowed to levels below the pre-pandemic trend, according to the report published Tuesday by Wendy Edelberg, director of the Hamilton Project, and Sofoklis Goulas, a fellow at the Brookings-led think tank. Meanwhile, consumers kept their spending habits from a couple of years ago, when forced inactivity and Covid government support payments bolstered their savings.

    Much of that wealth gained since 2019 dissipated by the first quarter of this year, the authors said. Meanwhile, personal consumption rebounded in June — adjusted for inflation— by the most since the start of the year, according to data from the Bureau of Economic Analysis.

    “If households were to sustain their current spending trends and increasingly finance spending with borrowing, financial health could deteriorate in a worrying way,” the analysts wrote.

    Households saw “remarkable” gains in real wealth early in the pandemic, as personal savings rates soared to above 30% during the pandemic lockdowns — when the US government provided billions in fiscal support. But since then, those savings rates have plummeted to 4.6% in May and as low as 3% last year, near a historic low, the report showed. A stock market retreat and weaker income growth ate into the initial wealth gains, and the deterioration in finances was faster for nonwhite and lower income households.

    Household real wealth surged to about $15 trillion during the current business cycle that began in 2019, but had been as high as $27 trillion at the end of 2021. And while households in the top income quintile gained nearly $300,000 in wealth on average since the pandemic began, those in the bottom quintile gained about $8,500, the report data showed.

    American spending strength confounded the analysts.

    The trend “is surprising given the weakness in real income, weak consumer sentiment, moderate gains in wealth since 2019, and increasing debt obligations,” they wrote.

    They caution that households will likely see increased difficulties servicing debt and covering basic household needs.

    ©2023 Bloomberg L.P.

    1. The blowoff spike in long-dated UST yields has begun.

      Look out below as the dollar rises and the government goes bankrupt.

      The next crisis is coming SOON! Bye bye.

  2. UST bonds are going to continue having problems. Stay on the short end via money market funds. Inflation is going to RAGE as the average person suffers from the willfully corrupt fiscal policies.

    U.S. AAA debt rating gets a downgrade by Fitch; credit agency sees U.S. economy likely to slip into recession
    33 minutes ago

    Fitch Ratings cut its top credit ratings for the U.S. to AA+ from AAA on Tuesday, pointing to ‘erosion’ of governance and the nation’s expected fiscal deterioration over the next three years, but also a likely recession.

    Yellen: Treasury securities remain the world’s preeminent safe and liquid asset, and that the American economy is fundamentally strong

    Fitch Ratings late Tuesday made good on recent concerns about the U.S. credit profile and downgraded its rating on the nation’s debt one notch to AA+ from AAA, saying that it reflects “expected fiscal deterioration,” a “high and growing” government debt burden, and an “erosion of governance” in face of repeated debt-limit standoffs and other ills.

    Fitch warned in June that it could take that step even as the latest debt-ceiling showdown ended in a last-minute deal to avert a government shutdown. The ratings agency initially put the U.S. debt on a negative watch in May, as the debt-ceiling fight has been dragging on for months.

    The last 20 years have witnessed a “a steady deterioration in standards of governance” in the U.S., the debt-ceiling agreement notwithstanding, Fitch said Tuesday.

    “The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” it said. “Several economic shocks” as well as tax cuts and new spending initiatives “have contributed to successive debt increases over the last decade.”

    Moreover, the U.S. has had “limited progress” in tackling medium-term challenges related to rising social security and Medicare costs due to an aging population, the debt agency said. Fitch said it expects general-government deficit to rise to 6.3% of the U.S.’s gross domestic product this year, from 3.7% in 2022.

    Treasury Secretary Janet Yellen called the move by Fitch “arbitrary and based on outdated data,” in a statement Tuesday. She also said the decision “does not change what Americans, investors, and people all around the world already know: that Treasury securities remain the world’s preeminent safe and liquid asset, and that the American economy is fundamentally strong.”

    Senate Majority Leader Chuck Schumer, D-N.Y., said the Fitch downgrade reflects “reckless brinksmanship and flirtation with default” by House Republicans and that they “must never push our country to the brink of default again,” in a statement.

    Fitch said that “tighter” credit, weakening investment in business, and a “slowdown” in consumption “will push the U.S. economy into a mild recession” in the fourth quarter of this year and the first three months of next year. It also called for GDP growth slowing to 1.2% this year, from 2.1% in 2022, and overall growth of just 0.5% in 2024.

    On a brighter note and supporting the new AA+ rating, Fitch said that “exceptional strengths” in the U.S. include a well-diversified, high-income economy supported by a “dynamic” business environment. And, critically, the U.S. dollar still reigns as the world’s “preeminent reserve currency,” which gives the government extraordinary financing flexibility.

    Stock-market investors weren’t fazed by the warning back in June, but it remains to be seen how they will react when the market opens on Wednesday. The Dow Jones Industrial Average advanced 0.2% on Tuesday, while the S&P 500 index lost 0.3%.

    Earnings season is in full swing, and some of the biggest U.S. companies are slated to report their financial snapshot this week, including Inc. and Apple Inc.

    On the flip side, U.S. borrowing costs have been climbing as it pays higher yields to issue bills to restock its coffers.

    The Treasury Department has unleashed a flood of Treasury issuance since its June debt-ceiling deal. The 1-month Treasury yield was at 5.36% on Tuesday, while auctions of other Treasury bills maturing in one year often kick off yields north of 5%.

    1. BTC popping on the UST downgrade. So is everything else in the commodities complex. Inflation will crush as the libtards spend the government into the NWO.

  3. The dunning-kruger effect according to the Bible.

    Proverbs 12:23 KJV – A prudent man concealeth knowledge: but the heart of fools proclaimeth foolishness.


    Those who rely on a church, because they lack an independent mind, according to the Bible.

    Proverbs 22:3 KJV
    A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.

    1. We should not underestimate our adversary’s “creature-machine”. I do not. I used to, not nowadays, I repented and I have prayed for forgiveness for this many times from them on.

      This debt slave system seems perfectly geared to prey on the many useful idiots that exist, as it tends to feed their egos by easy credit, easy material and sensual gratifications, and the illusion of the richness and power over other wiser, more prudent and intelligent relatives and neighbors, that they see as “rivals” to compete with.

      The credits, debt slave burdens they take, give them a temporal advantage over others that turbo lifts those fools up to the stars until they get to the cold, unforgiving “clouds” of REALITY.

      Then there is just only a place to this “huge” pool of fools to go…

      To fall.

  4. What are your thoughts on the UFO disclosure agenda in the news?

    Thanks for your work.

    1. Jesus and his angels may appear like aliens and we are being groomed to fight them as the devil by the SoS and devil themselves. Most people prefer the devil already, though they don’t know it. Everything about SJ, diversity, gender and race issues, multiculturalism, and social policies are satanic planks anyway.

      The people of the earth need a great “coming out” party and admit they all prefer the devil and his “liberation” from the restrictions placed on us by the OT and NT.

      Thus, knowing the GR objectives and whom the world prefers the despised aliens may eventually be God’s angels and the second coming. The fallen angels are already present on the earthly plain managing the course of the world. The SoS like Rothschild may be only be figureheads. The human SoS members are not disciplined and bright enough to solely run the show.

      Of course, the man of perdition will have already been adored by the world.

      1. By the way, only an obtuse analyst who was clouded by religious traditions and church “fathers” would discount the Book of Revelation as having already occurred. These early people had absolutely no idea of the future and what it held. Moreover, a cursory read of Revelation, Daniel, and Ezekiel’s latter day prophecies will show that most of these prophecies have not yet occurred.

        Don’t be religious; the truth is in the Bible, not in a church. These prophecies are now unfolding in rapid fire succession and will bewilder 90% of today’s Christians.

        1. Due to the “fractal” nature of the Book of Revelation, a case can be made during any period and any year of human history that it was or is currently taking place. Even the supposed Church fathers made this claim, yet none of the aspects of commerce and the tracking and tracing that are described in the book were in place. However, up to recently, only a few of the many tumblers of the lock were aligned. It’s getting harder to deny that all of the tumblers are now beginning to line up to open the lock.

  5. No need to wonder why asset prices are still rising….

    US Treasury Boosts Quarterly Borrowing Estimate to $1 Trillion
    3 hours ago

    (Bloomberg) — The US Treasury boosted its estimate for federal borrowing for the current quarter as it addresses a deteriorating fiscal deficit and keeps replenishing its cash buffer.

    The Treasury Department increased its net borrowing estimate for the July through September quarter to $1 trillion, well up from the $733 billion amount it had predicted in early May.

    The new amount, published on Monday, is a record for the September quarter and in excess of what some close watchers of the figure had expected. JPMorgan Chase & Co. had penciled in $796 billion. Lou Crandall at Wrightson ICAP LLC predicted $885 billion.

    Part of the higher borrowing estimate is due to a bigger cash balance planned for the end of September. The Treasury bumped that number up to $650 billion, from the $600 billion it had anticipated three months ago. The cash stockpile — known as the Treasury General Account, or TGA — is currently about $552 billion.

    Since Congress and the White House agreed to suspend the debt limit in early June, the Treasury has been ramping up its cash balance — which debt managers had run down toward zero as they made good on federal obligations without being able to increase borrowing.

    Deficit Dynamics

    Bond dealers have foreseen US funding needs rising over the next several quarters thanks to a deteriorating budget deficit and to the Federal Reserve’s shrinking of its holdings of Treasuries — a process that effectively forces the government to sell more to the public.

    Jay Barry, head of US government-bond strategy JPMorgan, was among those expecting the Treasury to boost its quarterly financing estimate, based on “the fiscal trajectory, the outlook for the Fed’s balance sheet” and “expectations for Treasury’s cash.”

    The Treasury said Monday that $83 billion of the increase in the borrowing estimate for the current quarter was due to projections for weaker revenues and higher spending.

    “Extrapolating the current trend, based on historical deficit seasonal trends, would leave the deficit tracking $1.8 trillion,” JPMorgan’s Barry wrote in a recent note. The gap was $1.39 trillion for the first nine months of the current fiscal year.

    Meantime, for the October through December quarter, the Treasury said it expects to borrow $852 billion, with a cash balance of $750 billion for the end of the year. The all-time high for quarterly borrowing of almost $3 trillion was hit in April-to-June 2020, thanks to the pandemic crisis.

    The Treasury on Wednesday will announce plans for its so-called refunding of longer-term securities. Dealers expect US debt managers to lift coupon-bearing debt sales across the yield curve — with potential exceptions or smaller bumps for notes less in demand.

    ©2023 Bloomberg L.P.

  6. The Federal Reserve runs everything now, including the government.

    Dems give Fed ‘veto power’ over crypto bills, Rep. Torres says

    Negotiations over a stablecoin bill broke down in part because of input from the Federal Reserve and White House, according to a Democratic congressman
    By Chris Matthews

    ‘I cannot for the life of me understand why we should give veto power to regulators over bipartisan regulation and compromise,’ Torres said

    1. The Great Reset is the Tribulation and the Great Apocalypse.

      It really will be a GREAT reset for humanity.

  7. A mixed bag, but a definite good data dump for inflation concerns. Lower than expected price pressures coupled with lower than expected wage data. The multiculturalists who are glued to their electronic devices keep spending their money however, and are enriching the asset owners.

    Core PCE Price Index (YoY) (Jun)
    Act: 4.1% Cons: 4.2% Prev: 4.6%

    Core PCE Price Index (MoM) (Jun)
    Act: 0.2% Cons: 0.2% Prev: 0.3%

    Employment Benefits (QoQ) (Q2)
    Act: 0.90% Cons: 1.30% Prev: 1.20%

    Employment Cost Index (QoQ) (Q2)
    Act: 1.0% Cons: 1.1% Prev: 1.2%

    Employment Wages (QoQ) (Q2)
    Act: 1.00% Cons: 1.20% Prev: 1.20%

    PCE Price index (YoY) (Jun)
    Act: 3.0% Cons: 3.1% Prev: 3.8%

    PCE price index (MoM) (Jun)
    Act: 0.2% Cons: 0.2% Prev: 0.1%

    Personal Income (MoM) (Jun)
    Act: 0.3% Cons: 0.5% Prev: 0.5%

    Personal Spending (MoM) (Jun)
    Act: 0.5% Cons: 0.4% Prev: 0.2%

    Real Personal Consumption (MoM) (Jun)
    Act: 0.4% Cons: Prev: 0.1%

    1. This should be a warning of what is Trump’s true colors . Years ago Trump praised Obamacare
      health insurance plan and had some nice words for Obama. Mortal leaders always let us down.

      The only hope is Jesus Christ and his heavenly kingdom.

  8. I was asked by a reader when I thought the next crisis would emerge.

    I think the answer is rather straightforward at this point. I suspect the crisis will emerge when the 10-year UST yield rises above short-term and overnight treasury yields. In other words, when the treasury yield curve slope returns to a positive function, that will be the time for the powers and synagogue of Satan to engineer and manufacture another crisis. This crisis will allow treasury yields to fall back lower once again.

    Based on current circumstances, the 10-year yield will begin rising relative to the overnight rates, because more and more investors will come to the conclusion that this round of inflation is going to be longer lasting than first expected.

    Just when we think everything is going to hit the fan because of rising bond yields, something will come out of left field. Maybe it will be alien disclosure. I do not yet know.

    1. Advice:

      Accumulate BTC here before its next leg up. It’s going to happen this year as its halving approaches. Use any pullback as an opportunity to build your track and trace asset holding. People under 40 prefer BTC to.Au and Ag.

      New highs coming.

    2. When will the 10-year UST yield rise in your opinion? I’ve read speculation that there will either be a grid down or another ‘pandemic’ this time of Dengue, Ebola, or Malaria.

      Have you ever considered leaving America? It’s obviously on the chopping block.

      1. I’m staying here. There’s no place left to go. The racial, SJ, and economic chaos for the 90% of the unwashed population help to ensure that people like me can keep a low profile until the mark is introduced.

        My plan was rearranged late last year and I have been implementing the new plan since then. I am buying houses in more remote areas with like kind people.

        My status is unique as I don’t have a job and can relocate if needed. For most others, life can be perilous, especially for those who adhere to the iron and clay multiculturalism.

        For those trying to figure out where to relocate I would advise finding a place that you can fit in and keep a low profile. Small cities and large towns with quick remote areas are advisable. All cities larger than 100k population are terrible especially if there are no rural locales.

        Every once in awhile I get the urge to want to leave the country, but then I realize that I will stick out anywhere I go, and if I can’t speak the local language, I am a sitting duck. Since I’m an American, I will be fair game. Ironically, the United States offers the best protections for my like kind people.

        1. The problem with leaving the USA is that the rest of the world is even worse. I used to consider Australia, New Zealand, and Canada as nice places with friendly people when I visited those places. My perception has changed since the Covid scamdemic. Australia, Canada, and New Zealand were much more forceful in mandating the Covid Clot shot. In Australia they herded non vaxxers into quarantine camps and arrested vaccine protestors.

          Canada is a huge disappointment as they are pushing transgenderism, homosexuality and every sort of perversion as badly if not worse than the USA. This is going on in Australia and New Zealand as well.

          Great Britain is a multicultural Talmudic socialist toilet bowl. In addition, Brits around the cities and suburbs have a more unfriendly attitude than in the states.

          Latin America is totally out of the question with their corruption at the highest levels in the government and highest levels in society. In addition, Latin America has high levels of violent crime and theft.

          Forget Russia and China as they will hate Americans all around. China is very dictatorial in all aspects of life with their social credit score. China is also very racist against foreigners. Japan is a nice country but they are socially rigid and Japan will get swallowed up and destroyed by China in the next war. Japan is in a dangerous place for invasion.

          My advice is stay in the USA even though it sucks compared to 30 years ago but the rest of the world is much worse.

          The only refuge is reading and following the Holy Bible. The only safe place is following Jesus Christ and his spiritual kingdom.

          1. I completely agree on this. Before covid I thought there were many places around the world that I could prefer over the US. That is definitely no longer the case and the United States is a huge country in which it is much easier to blend in with the crowd. When things get out of hand, the authorities are going to have such a horrible time trying to take care of the multicultural chaos that people like we are can blend in and remain relatively anonymous.

            We still have the second amendment and I have an arsenal at my disposal, which includes two AR-15s amongst other sundry weapons.

            1. Amen,
              Having a gun in your possession is a major deterrent to tyranny. That is why the USA was not so forceful on the Covid Vaccine mandates. The mandates were worse in blue states with strict gun control.

        2. I know what you mean. Spouse followed David the Good and he and his large family lived somewhere south of the border but the locals turned on him and he moved back to America.

          I just get overwhelmed at the evil breaking out and long to get away from it. Cops are now out ticketing for the smallest infractions and the violence some of them perpetrate on people is alarming. It’s all designed to enrich the state and make the masses poorer, and afraid to step a toe out of line so everyone becomes unquestioningly obedient to the state. They’re breaking people down in every way imaginable: poisoning the food, water, and air, and doing away with constitutional protections.

          I came across a video of a riled-up middle eastern man with a gang of young fighting age men being imported into countries and the guy said they were coming to rape women and cut off mens heads. I can’t locate it but it was disturbing.

          I’m wondering where it’s all going to lead.

      2. No doubt USA is on the chopping block but it will be the last to be chopped. The USA is still the best place in the world.

    3. “the 10-year UST yield rises above short-term and overnight treasury yields. In other words, when the treasury yield curve slope returns to a positive function”

      Can you post a chart so we can get a visual?

      Also I noticed BTC started rising with all the doom and gloom as a hedge to a bad economy possibly? Now that the economic indicators are looking good, BTC should have went back down. Yet at the same time I am aware that it would need to be pumped to high levels, if it were to become some sort of backing for a CBDC.

      1. When the Treasury yield curve establishes a normal positive slope, this means that yields rise as the duration extends. Currently, we are observing a negative slope; yields on shorter paper are higher than longer dated issues. In this instance, I’m illustrating that we should be concerned when the 10-year yield rises above shorter term durations, such as overnight or the two-year Treasury note yield. That would be my prediction as an instance in which we could see the next crisis emerge. These types of crises will cause the FED to act to lower borrowing costs and will also cause a rush into Treasury paper as a safe haven.

        It’s not overnight paper that I’m concerned about, but rather longer dated paper that is more concerning and as long as the 10-year yield is substantially below overnight yields, the asset markets will do fine. If we see a spike in yields between 10 and 30 years however, watch out below or wait for the next crisis.

        I’ve been following Bitcoin since 2016 to 2017 and with the exception of market collapses like in 2020, it’s difficult to establish some sort of relationship between economic and financial market factors and the price of Bitcoin and its trend. With this said, I’m encouraged with the recent chart and market action as well as trader sentiment. Given asset market liquidity, I see many players snoozing and will once again be caught off sides when the next spike in Bitcoin occurs later this year.

        If you see a relationship, please post in the comment section. I can take a look.

    1. According to TASS’s press release, “under the law, the Bank of Russia is the operator of the platform.”

      Rothschild and the synagogue of Satan will control it. Putin is just like Lenin. Both are goy handlers of the private bank. At least Lenin complained about the bank. Putin is in love with it and the synagogue put in Putin for a reason.

      But the alt media here in the states consider Putin, a former KGB colonel, a devout Christian.

      1. It is still worse and more stupid to consider the SoS members as the descendants of the Biblical Israelites.

        So, what are the similarities in between the followers and scholars of the Talmud and the teachings of Jesus Christ?…

        About slave holding ancient Middle East traditions or the Bible?…

        For me it is puzzling at least, and no one has tried to confront this nonsense in any public place for quite a long time in this world.

        My interpretation is that this is the best proof of God’s hand behind our adversary’s “success”.

        If incredible and miraculous claims like these go uncontested it is not because Satan is so strong, is because God Himself has allowed them to be that “strong”.

        It is difficult.

        But we should have faith.

        1. God is allowing Satan to succeed in controlling the world at this time to weed out those whose hearts are evil.
          Satan is being used as a tool to separate those who are evil and worship the things in this world instead of God.

          The key is to keep the faith in God. Christians are placed in this world but not to get attached to things and people of this world.

  9. Wow! Headline numbers across the board looked great this morning. GDP came in exactly as the GDPNow Atlanta Fed predicted. Price inflation data looked good and was below estimates. Jobless claims lower, too. Durable goods also rose sharply. Inventory levels lower and people spending like drunken sailor drones. I love the data.

    Durable Goods Orders (MoM) (Jun)
    Act: 4.7% Cons: 1.0% Prev: 2.0%

    Core Durable Goods Orders (MoM) (Jun)
    Act: 0.6% Cons: 0.0% Prev: 0.6%

    Durables Excluding Defense (MoM) (Jun)
    Act: 6.2% Cons: 0.0% Prev: 3.2%

    Core PCE Prices (Q2)
    Act: 3.80% Cons: 4.00% Prev: 4.90%

    GDP (QoQ) (Q2)
    Act: 2.4% Cons: 1.8% Prev: 2.0%

    GDP Price Index (QoQ) (Q2)
    Act: 2.2% Cons: 3.0% Prev: 4.1%

    PCE Prices (Q2)
    Act: 2.6% Cons: Prev: 4.1%

    Real Consumer Spending (Q2)
    Act: 1.6% Cons: Prev: 4.2%

    GDP Sales (Q2)
    Act: 2.3% Cons: 1.4% Prev: 4.2%

    Goods Orders Non Defense Ex Air (MoM) (Jun)
    Act: 0.2% Cons: -0.1% Prev: 0.5%

    Goods Trade Balance (Jun)
    Act: -87.84B Cons: -91.80B Prev: -91.13B

    Initial Jobless Claims
    Act: 221K Cons: 235K Prev: 228K

    Continuing Jobless Claims
    Act: 1,690K Cons: 1,750K Prev: 1,749K

    Jobless Claims 4-Week Avg.
    Act: 233.75K Cons: 242.10K Prev: 237.50K

    Retail Inventories Ex Auto (Jun)
    Act: 0.4% Cons: Prev: -0.1%

    Wholesale Inventories (MoM)
    Act: -0.3% Cons: -0.3% Prev: 0.0%

    1. Imagine a set of circumstances where people accelerate their jettisoning of the dollar around the world and wish to spend the ones they have. Imagine a scenario where overnight rates reach 10% here in the US. It could happen while asset prices continue to climb. Imagine how expensive home prices will be. They’ll be more in line with other second world nations.

      For those who think housing and the cost of living are expensive now, just wait. We have the Fed and the federal government to thank. The people running both of them want a world government and the best way to do that is to destroy the United States from within. There’s nothing more effective than bankrupting the treasury and pitting different people’s against one another.

      If you think things are expensive now, just wait a couple more years when the people are crying and mourning in the streets while they stare at their electronic screens in a daze. They’ll all be getting sicker from their mRNA injections as they become hopelessly dependent on the medical system, which will slowly transform itself into an AI juggernaut. But people will be so needy and dependent on the government they will do whatever it says, including taking a subdermal mark for records.

      In order to commercialize all of this tracking and tracing technology, many trillions of dollars in deficit spending need to continue being spent to build up our electronic prison and make it commercially feasible to do so. This is why the NASDAQ keeps climbing. This is why asset prices across the board keep climbing. This deficit spending and the resulting loss of confidence that is gradually accumulating in the Fiat currencies is really a boom to the asset owners. The more assets you own the better off you’ll become.

      1. I will look back on my 7.4% 30-year fixed cash-out DSCR loan I am closing on in several days as being inexpensive.

      2. I will never get anyone asking me for interviews regarding my analysis and research, because it is so far out of the realm of consensus. The Delphi technique in the alt-finance media is still alive and well.

        You’ll see that I will be correct once again, yet my conclusions are so far out of established boundaries that nobody dares listen. That’s because it’s too scary, so they revert back to the consensus of the controlled Alt-genre.

        Why is my research so depressing? That’s because it shows how strong our adversary has become in shaping every aspect of our Lives. It demonstrates Satan’s firm control and success. It says so back on the $1 FRN.

        People reading my words will think that there is no hope and that this is the worst possible outcome for those trying to “wake” others up.

        It’s too far gone and there is no going back. The sides have been drawn and the people are thoroughly retarded in their inabilities to contemplate their situation.

        1. I wonder how many debtors with student loans and other non-asset back debts will take the mark when offered to have their borrowing obligations expunged by the government?

          At least 80% will now do it. Twenty years ago when there was still modicum of Christian morality, I would have estimated about 20% would have.

      3. CJ what other assets do you see as viable besides single family rentals?

        1. Whatever type of income generating asset you can procure is good.

          •I would just stay away from bonds as I believe fixed income instruments still have further to suffer. The longer end of the yield curve is being purposely suppressed, thus I would recommend borrowing for longer dated loans.
          •Anyone owning a business in a needed sector is continuing to do very well and can raise cash flow according to prevailing price inflationary pressures.
          •We notice how stocks have been extremely resilient as well.
          •Of course, for me, I have chosen single family rentals. I run them like a business and they have essentially replaced any job I would need to find. Moreover, running a portfolio of single family rentals is a great way to minimize our interaction with the general public.
          •I’ve always recommended keeping a small amount of our net worth outside the banks and in assets such as precious metals, uncut gemstones, and even Bitcoin. For those who are speculating in Bitcoin I suspect we’re going to see another big leg up here over the next several months. If you like bitcoin, I would be accumulating here.

          1. MSTR is another way to play BTC wIthout having to onroad into crypto. MSTR throws off huge cash flows and continuously adds btc to its already highly levered stash. Once the price begins moving calls can be explosive

          2. Thanks. I’m glad you said that as I was considering bonds. I worried about investing in any gold or silver because of how it was confiscated years back. I know very little about Bitcoin so will have to look into it.

            I’m trying to help my family stay ahead of the craziness in this world. I know that working for someone else can be hazardous as we’ve seen what happened the last few years. I know even a pastor who has a 2nd job who succumbed to the pressure and took the injection and is having the beginning of heart trouble. Do you or anyone else foresee a mass die-off in 2024? That’s what I’ve heard others saying. If so I’m wondering what business will continue to flourish. Does anyone else think about this?

            I’m wondering what this country is going to look like in another year. We had two separate incidents of those I know being hit by others. Someone struck a pole and knocked everyone’s electric out in our neighborhood. Someone jumped the curb and landed in another’s front yard. So something is going awry with people and they’re crashing into things.

            1. If I were extrapolating out into the future until 2030 I would envision a scenario in which the people increasingly get sicker and continue dying in greater numbers. Instead of seeing morbidities dropping, we are observing an increase. Most of these people haven’t gotten injected in close to 2 years yet they are increasingly getting sicker.

              I’m not being glib when I say the injection campaign unveiled the pale horse of Revelation. I suspect this is indeed the case and it will continue for at least another several years out until the end of the decade.

              You do notice of the different types of accidents that are now occurring on a more regular basis. We notice things like single car and bus accidents that tend to be catastrophic in nature. Silly drownings and people falling. They’re all dying and suffering things like cardiac arrest, but Bronny James was fortunate enough to be around a cadre of doctors and technicians who brought him back to life. He was clinically dead on the court.

              95% of those who suffer cardiac arrest are not fortunate enough.

              This blog has been adamant in advising its readers to formulate a plan and begin carrying it out methodically. If we rely on the normalcy bias created in the media, we will be stymied and will suffer from inertia. We have to understand the ramifications of the bridges that have been burned. Society can never go back to the way it was and we must need to carry out our plans undistracted by those around us who will cause doubt nor by watching the media who will continually create uncertainty and double mindedness in what we are observing all around us.

              Based on all of the trends that are coming together, I submit to you that the great reset is the Great tribulation.

  10. It’s perfectly normal for a previously healthy 30-year old to collapse at a restaurant from blood clots.

    Tori Kelly Hospitalized for Blood Clots After Collapsing at Los Angeles Restaurant

    Tori Kelly is receiving treatment for blood clots at a Los Angeles hospital after reportedly collapsing at a restaurant on July 23.

    The “Nobody Love” singer has been hospitalized for blood clots around her vital organs after collapsing at a restaurant in downtown Los Angeles, according to TMZ.

    Kelly was out with her pals on July 23 when she said her heart was beating very fast, per the outlet, citing sources close to the 30-year-old. Kelly then passed out, leading friends to rush her to Cedars-Sinai Medical Center.

  11. The FED announcement was just another snoozefest.

    The economy continues to outperform expectations and the GDP estimates remain firmly positive.

    Atlanta Fed latest GDP estimate: 2.4 percent — July 26, 2023

    The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2023 is 2.4 percent on July 26, unchanged from July 19 after rounding. After recent releases from the US Census Bureau and the National Association of Realtors, the nowcast of second-quarter real residential investment growth decreased from 0.1 percent to -0.1 percent.

    This is the last GDPNow forecast for the second quarter. The first GDPNow forecast for the third quarter will be on Friday, July 28.

    Please keep in mind that all of this inflation was front-end loaded as a result of the covid monetary and fiscal stimulus. It was done with malice aforethought and the FED refused to acknowledge and recognize their supposed “errors” as it kept its dovish covid policies intact for two years. Now they are fighting a war against their own “mistakes”.

    All of these supposed misfires have worked to undermine the integrity of the dollar in the global marketplace. The “buffoonery” of the Biden regime, which is all intentional and not a mistake, in weaponizing the dollar also works as a knife and both the Fed and feds are a tag team that slice and dice the corpse of the dollar. While the multi-breeds rage about racism and social justice, their entire ways of life have been destroyed forever by their unseen enemy while they accuse people like this blogger of being the enemy.

    Avoid these people and withdraw. Let them stew in their misery as they stare at their electronic devices and listen to whatever is posted on them. When it comes time they will gleefully take the mark.

    As with the MRNA bio-weapon injections, in which 80% of the population received at least one, 80% of the population will line up and take their subdermal mark when it is “hastily” rolled out upon an unsuspecting and profane population. And mark my words on this, as with the bioweapon injections, which were formulated and perfected months and years before they were rolled out, the subdermal mark has already been developed and is awaiting the proper catalyst.

  12. Our main business is not to do what lies dimly at a distance, but to do what lies clearly at hand.

    Live life in day-tight compartments.

    Take no thought for the morrow for the morrow will take thought of the things of itself, sufficient unto the day is the evil thereof.

  13. #112 is at it again. The false prophet for the Great Reset is out professing his love of Satan.

    Pope tells transgender person: ‘God loves us as we are’

    VATICAN CITY, July 25 (Reuters) – Pope Francis has told a young transgender person that “God loves us as we are”, his latest outreach gesture towards the LGBT community.

    His comments, released by Vatican media on Tuesday, were in a podcast in which Francis listened and responded to audio messages from young people ahead of a Catholic youth festival which he will attend in Portugal next week.

    One of the young people was Giona, an Italian in their early 20s who said they were “torn by the dichotomy between (their Catholic) faith and transgender identity”.

    Francis replied that “the Lord always walks with us … Even if we are sinners, he draws near to help us. The Lord loves us as we are, this is God’s crazy love.”

    The Catholic Church teaches that members of the LGBT community should be treated with respect, compassion and sensitivity, and their human rights respected.

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