Econ 101

What a Wonderful World! CNBC reports that government unemployment numbers are cooked to perfection!

Oh, sure. That explains it: The jobless claim numbers that come out of each individual state vary greatly; therefore, the perfect uniformity in the final collective analysis must obviously come from properly adjusting each state for its seasonal differences. As if that even makes a shred of sense.

In fact, the Bidenomics unemployment claims reports don’t just look cooked, they look burned to a crisp.

Tip of the ICEBERG

EV Honeymoon is over - Tesla Lays off 15,000

    Tesla shares drop 2% as firm plans to slash more than 10% of its global staff - around 15,000 workers - blaming drop in EV car demand and fire at Berlin factory
    It's not the highly competitive market. All these business plans failed as well ?!?!
    Ford lays off 700 who were building electric version of F-150 | CNN Business
     EV-Maker Rivian Laid Off Most of Its Battery Cell Development Team: Report (msn.com)
    South Korean EV battery makers lay off workers and scale back investments in US (ft.com)
    EV startup Lucid to cut about 18% of its workforce | CNN Business
    Cash-strapped EV maker Arrival lays off yet more workers |   TechCrunch
    Michigan-based EV battery startup lays off 25% of workforce - CBS Detroit (cbsnews.com)

The Paper Trail $!$

   In an act that medieval alchemists only dreamed of, gold was created out of thin air in the form of futures contracts, meaning bullion could be bought and sold without any metal changing hands – or even existing.
    First, gold has essentially been reduced to trading like any other cyclical financial asset; a ticker...
    Second, the price of gold has largely been determined by Western institutional investors. Fraudsters
    Both of these longstanding trends are now breaking down. the US was steering the world away from gold and toward a dollar standard but over sanctioned itself & is hitting some BRICS walls.
    Jelle Zijlstra, chairman of the Bank of International Settlements from 1967 until 1981, and a prominent figure at the time, recalled in his memoirs how “gold disappeared as the anchor of monetary stability” and that “the road… through endless vicissitudes to a new dollar hegemony was paved with many conferences, with faithful, shrewd, and sometimes misleading stories, with idealistic visions of the future and impressive professorial speeches.” But, he concluded, the ultimate political reality was that the “Americans supported or fought any change, depending on whether they saw the dollar’s position strengthened or threatened.”
HERE Lies the problem ?!?!
    Thus, was born the fractional-reserve paper gold scheme that persists to this day. And indeed, there is now vastly more paper gold than physical, some $200-300 trillion compared to $11 trillion, according to an estimate by Forbes magazine. Same holds for Silver...

04/07/2024
Joey Bada$$ Paper Trail$

03/31/2024

The Circle has been Broken. - Silvio broke free of its chains, no algorithms or Six-Sigma's can douse the flames, they lost control.-Mel

    As silver has been tied to the ups & downs of the DOW keeping SLV (paper) in check it appears it has broken free.
     Silver up 4.65%, DOW is down 1% not earth shattering but the funny money is shaking out of stocks...
    High of $47.34 in April 2011 that was a failed Koch Brothers pump & dump. Since then, the COVID high was $29.77 Aug 2020 they beat it back down to $17.98 at end of Sept 2022.
   Can they do it again or did we "Game Stop" their ass ?!?! Biden/Yellens/Poweless the yabber was to keep it in check while the FED shuffled its balance sheet around in their favor. This time it's different with all the Macro headwinds we're dealing with. Yellen's a stooge but no dummy, if we see it coming, she is steering the ship. in my opinion, they know exactly where we are heading & Modern Monetary Theory was the way to get there. Blockchain here we come.

The Emperor Has No Clothes

     We are in a credit/debt crisis loop. Banks are under-capitalized. “These Folks Are Talking Armageddon… A Trifecta of Macro Imbalances!” – Charles Payne Reacts to SHOCKING Economic Numbers (VIDEO)
    Now with the fed raising rates at such a furious pace the bonds that represented required reserves have lost value. Why would I want to buy your bond yielding almost nothing when the current 2y treasury is yielding 4.10% a week ago it was 5%. . SVB did this to raise capital due to the outflows of cash and took an almost 2-billion-dollar loss. This is called unrealized losses. The total of unrealized losses in the banking system is now over 620 billion dollars. Now the treasury is saying a bank, if they need capital, can borrow against their bonds at par or face value. The reason for all the fear in the banking sector today is because investors have become increasingly wary. Pausing the rate hike won't do squat to solve this problem the only solution is to lower the rates back down until the older bonds could be sold on the open market for pretty much face value. That would cause a return to rapidly rising inflation as well as a faster flight to dedollarization on the world stage. Heritage Foundation director Jessica Anderson tells us exactly how we came to the edge of this precipice: Congress Killed Silicon Valley Bank "But inflation doesn’t just happen, and interest rates didn’t raise themselves. This is all a direct result of the trillions and trillions in extra spending that Congress pumped into our economy."
    If they continue to raise rates the possibility of financial collapse looms large.
" In other words, a lot can still go wrong, because excessive leverage is hidden all over the place. A pension bust would mean a multi-trillion dollar bailout, for instance, and that was probably coming even in “normal” times. As for derivatives, well, they’ll destroy the world eventually, so why not now? The take-away? In the midst of all the various credit crises, controlling inflation will be moved to the back burner. And the world will realize that the central banks are out of ammo, with no choice but to let their currencies burn."Stephanie Pomboy.
   Can Biden's woke economic team navigate through this perfect storm?

The $hit is flying through the air and is about to meet the fan.
-Mel Rudder

The new global reserve currency

The Rich Dad Radio Show with Robert Kiyosaki Watch part 2 of a very important discussion with Andy Schectman of Miles Franklin, and find out what Mexico joining BRICS means for the future of the new global reserve currency.

Is MMT Now Official Policy?

The main tenets of MMT are that debt and deficits don’t matter because the Fed can monetize the debt by printing money. The Fed can just wire money directly to government contractors to pay bills.

Blackstone Defaults on Nordic CMBS as Property Values Wobble

Blackstone is the world's largest alternative investment firm. Blackstone Inc. defaulted on a €531 million ($562 million) bond backed by a portfolio of Finnish offices and stores as rising interest rates hit European property values.

Evergrande Fails to Win Creditors’ Support as Key Dates Loom

Evergrande’s debt restructuring is one of China’s largest ever and carries broader implications for the country’s nearly $60 trillion financial system.

Some Treasury bills are now paying 5%. Here’s what investors need to know (what Wall Street wants us to think)

Currently, shorter-term Treasury yields are higher than longer-term yields, which is known as an inverted yield curve. “What that means is the market is expecting rates to come down in time,”

The Ghost of Christmas Inflation (revisited)-John H. Cochrane

The causes of inflation are simple, timeless and well understood except by leftists bent on buying votes. Milton Friedman once said that if you want inflation, you can just drop money from helicopters. That is basically what the US government has done. - Hover Institution READ MORE

The War on the Dollar

Mel Rudder

Enter the Sandman

Enter the Sandman and use the back door please. Sometimes the yarns we weave are just patterns of old. Tucker’s Jan 6 repartee replaces the silly spy balloon fiasco and we arrive at another "Potemkin Village" farce. Facades hastily erected by Pelosi and company rivaling MGM’s best back lot western village sets. Now, January 6 was never anything but a Klown show, poorly produced political theater by the dems while 'we the people' snoozed our way to the popcorn stand and the dopey innocents rotted in jail or in a few cold graves. Enter the sandman: "Say your prayers, little one, don't forget, my son To include everyone , I tuck you in, warm within, keep you free from sin 'Til the Sandman, he comes."
Is there any redemption in this sophomoric debate? Is there any vindication? Has anyone been released while Tucker tucks the conservatives in and sprinkles a little fairy dust in their eyes? "Bipartisan outrage, dems dreading the full J6 reveal, the bombshell we’ve all been waiting for, release the political prisoners now!" Pardon me if nod off, just for a second or two. Oh no! They’ve picked our pockets again!?!? And we're still marching along to the globalist utopian pipers, looking this way and that, our heads spinning like a Lebron James bobble head!
Modern Money Theory? Print it proudly as needed. If only you and I had a printing press so we could buy $5.00 a dozen eggs. Blame the Fed? Of course they're part of it. Powelless's job is to hand America over to his co-horts at the WEF, IMF, World Bank whoever is pulling the strings today!!! The premise is that the gov't can just keep spending with no consequence. Of course, that's absurd so they come up with the most outrageously sincere promises; (loan forgiveness, reparations, Universal Basic Income, stipend checks", all to keep us distracted. Like releasing the J6 tapes to Tucker so he can prove what 82% already know. There was never an insurrection only the continuing hunt for the orange haired witch and the fall of American greatness. Don't fail to connect the dots between the distraction balloons or the j6 Kabuki dance and the continuing lowering of your standard of living as our socialist leadership gives away your future. Raging inflation and Biden's massive new tax proposal are just the latest instruments for globalist the wealth transfer. The pumps are primed to dump the petrodollar at a moment's notice. The groundwork has been laid. The BRICS are watching, for us to shoot ourselves in the foot while the Globalist utopians wait to pick up the pieces. Teach your children Mandarin or Telugu they'll thank you for it. -Mel Rudder