How Long Can the Fed Continue to fool we the people?
It seems all is calm on the inflation front but as the virus wanes and Socialism takes over the congress and The White House on new created relief funds it could become more chaotic for them,Cities are failing and need to cut mass public transit sectors as new employment will be done at home instead.
Also higher property taxes with increase sales taxes and state,city taxes also are going to go up. They will all blame it on Trump's Lack of leadership and not their own.
serf
https://www.barrons.com/articles/expect-the-unexpected-after-the-crisis-inflation-51585323090
The passage of the unprecedentedly huge coronavirus crisis bill, totaling more than $2 trillion, by the Senate—complementing the Federal Reserve pulling out all the stops to shore up the financial system—appeared to halt the downward spiral of the stock and credit markets. While that sum is roughly equal to 9% of the U.S. gross domestic product, it won’t prevent the economy from contracting at a record annual rate of as much as 30% in the second quarter, according to the most-dire estimates.
The certain rise in unemployment, plus the fall in global commodities, especially those related to energy, will hold down prices for some time. But once the crisis caused by this pandemic has passed, the aftereffects of the efforts to counter it could be bad news for bond investors, in the form of higher inflation and higher interest rates.
Comments
This article from last March sure used the shotgun approach For its predictions. Throw enough things out there and a few are going to hit the mark. If you read the list of things predicted, very few have happened. For instance Gold has been pretty stagnant lately and unemployment has not reached the levels they think will happen. Will the other things happen before the covid episode is over? I don't know but the new administration may very well accelerate the problems they have outlined. On the other hand the development of the vaccine that was thought in March to be unobtainable may have slowed our path to the problems they predicted. Even though the vaccine will not have any immediate results other than increasing confidence and optimism. It would be interesting to see what the authors current predictions are. Bob
https://www.youtube.com/watch?v=u26bPC-KfmU
Unless The Elites sell some cheap gold to hold the line on Gold's Value then you will see a jump in prices soon enough. Maybe The City of London and Rothschild's can give us all a cheap loan with the Ripple exchange and Fed Now systems.Don't you think Bob? That meeting in May 2021 in Singapore can/could jump start the total digital money exchange.
serf
You may have heard of SIX. SIX is an abbreviation and stands for Swiss Infrastructure and Exchange. SIX selected R3 Corda to host their dlt platform. SBI also announced their partnerships with SIX for the Crypto Friendly Singapore to launch a digital asset exchange in 2020. And then there is the BIS that is working on a CBDC project called helivita… "we run our monetary policy operation, it's a common platform for the private sector and us and that includes the Ripple platform." The Edmund de Rothschild group is headquarters in Switzerland. If you are an elite and wish to park money in Switzerland why not with the Rothschild’s? Did you know on March 31, 2018 the Edmund De Rothschild fund invested in SBI RIPPLE? You know the SBI that is working with SIX for the digital asset exchange for Singapore
Sounds to me that the Swiss stock exchange is doing the same thing as PayPal and making a service available to buy, sell, and store crypto currency. They will make a lot of money charging real money for this service. Whether the crypto currencies go up or down as they have in wild swings since their inception, SIX will still get its commission in tangible assets like Swiss francs. Same as if you buy stock and the market crashes, the broker still comes out ahead by charging a fee for buying and selling. The only difference is that this will be on a regional (far east) global basis. Bob
Yeah but pay-pay collects a fee, ripple or six will eventually will turn into like a Fed Now product [Instant transactions] which will be with a very very low fee cheaper than any present now. Swift exchanges are dying. A.I. exchanges which are cashless are coming on line. Transactions will be calculated instantly at the true so called value for the sender as well as the recipient,either sides value could change minute to minute instead of days, it will be seconds in most cases.
I see you missed the red dragon's symbolism too and who owns the U.S.Federal Reserve entity, it's not Congress. Maybe the City of London ,Zurich & Basel in Switzerland ? I wonder if Fort Knox could compete with them anymore. Looks like The New Knight Templar's bankers are working with the Vatican again too.
serf
Why would SIX turn down revenue by not collecting fees like PayPal? That would be self defeating and contrary to the Swiss ideals of making money off of other peoples money. I think you are missing out on the capitalism factor here. Not sure why you mention Fort Knox as you have already lamented that our currency is not backed by gold so in effect they have no control of our currency. All of the worlds economies try to gain an edge over everyone else. Your boogeymen, the NWO, the gnomes of Zurich, Biderbergs, the Vatican, etc... all seem to be at odds with each other. Which ones will allow one of them to become dominant? Perhaps it is just capitalism at work without any diabolical or nefarious motives regarding world domination. Bob
Remember ripple it's the new player on the world's stage for money changers. Also remember The US Treasury just got hacked? Just coincidence That Old Joe is coming to the rooster house. https://blockchain.news/news/congress-members-express-concern-over-treasury-potential-crypto-wallet-regulations
serf
https://www.theguardian.com/technology/2020/dec/13/us-treasury-hacked-group-backed-by-foreign-government-report
The hackers are “highly sophisticated” and have been able to trick the Microsoft platform’s authentication controls, according to a person familiar with the incident, who spoke on condition of anonymity because they were not allowed to speak to the press.
“This is a nation state,” said a different person briefed on the matter. “We just don’t know which one yet.“
The full scope of the hack is unclear. The investigation is still in its early stages and involves a range of federal agencies, including the FBI, according to the three people familiar with the matter.
The FBI, homeland security department’s cybersecurity division, known as CISA, and US national security agency did not immediately respond to a request for comment.
Not much longer.. passing free money out will accelerate the collapse. First the unemployment , second the loan failures, car and mortgage.. then inflation... it is going to be a royal mess.