Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts

Monday, November 13, 2017

A conversation with Joe Gaurino on Mark Walker's betrayal of our Country's future generations and links

George Hartzman; Should Donald Trump sign a bill into law that will save him $4 billion?

Joseph Guarino; The Constitution says we have a right to our property, and it cannot be taken away unless there has been due process of law and just compensation. This is a country that is supposed to have property rights. Walker is right on this one.

George Hartzman; There is no due process anymore. The constitution was written before the Federal Reserve. There are very few enforced laws anymore. There is no free market economy any more. Our society is a perversion not unlike prior empires at their peak, but th...See More

George Hartzman; Mark Walker is a pawn in the game, who has violated the teachings of his faith in exchange for power.

Joseph Guarino; George, if you want the government to forcibly take away private property, you need to amend the Constitution.

George Hartzman; The government forcibly takes away property when it promises unsustainable social benefits to keep the poor from rising up against the rich.  When the government spends more than what it takes in, and when it prints money to prop up the top at the expense of everyone else, which is what it has been doing without an eke of protest en mass since 2008.  Our elected leaders have stolen our children's future for a more pleasant present.

https://www.facebook.com/groups/281916965240573/permalink/1425633284202263/?comment_id=1426634850768773&notif_id=1510583343886245&notif_t=group_comment
























Posted by at
Labels: , , , , ,

Monday, July 17, 2017

Cowardice

They kept information from the public

They protected the status quo

They ignored evidence

They sealed inconvenient truths from the public

They protected the Fed and government agencies

They prevented a jury trial by peers and the presentation of reasonable belief,
that the economy became rigged in 2008-9,10, 11, 12, 13, 14, 15, 16 and in the present moment

They let Jamie Dimon etc... off the hook

They let Obama and George Jr. off the hook,
along with Janet Yellen, Ben Bernanke etc...


Posted by at
Labels: , , , , , , , , , , , , ,

Saturday, December 24, 2016

If there’s about $70 billion in Vault Cash and 100 million people wanted $1,000 each from more than $9 trillion in savings deposits at the same time where would the $100,000,000,000 come from?


Giving the Fed more power
is like giving the neighborhood kid who broke your window
playing baseball in the street a bigger bat 
and thinking that will fix the problem 

Senator Jim Bunning 


Posted by at
Labels: , ,

Monday, August 1, 2016

Oil, Oil stocks and pretend money

Usually, higher oil stocks = lower prices, 
unless central banks are printing currency to artificially inflate prices


Oil is now trending towards a lower low for 2016 than last year, 
except inventories are much, much much higher, 
while the value of oil company stocks become over, over priced


Oil is an indicator of economic growth, 
so as oil goes down as inventories rise and oil companies lose money
the world's financial markets should have fallen and didn't,
meaning central bank printing is artificially holding up stock and bond markets
to keep the population pacified, especially into November's US election

http://www.zerohedge.com/
$180 billion of fiat currency per month keeps the frogs in the pan





This is what a bubble looks like,
the expectation of profits going forward;


But the prices have been falling, 
making the above forward earning expectations crash, again;

http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
Once off the cliff, there is still hope if you keep running

By running ever faster you may not fall


Wile E Coyote

 Wednesday, July 20, 2016; Oil
http://greensboroperformingarts.blogspot.com/2016/07/oil.html

 Wednesday, July 13, 2016; IEA July 13, 2016: "Gasoline Glut Could Cause Oil Price Rout"


Monday, July 11, 2016; What direction does oil look like it's going?


Posted by at
Labels: , , , , , , , , , , , , ,

Thursday, June 30, 2016

Like Magic, Only Different


Funny thing about the end of quarters and Wall Street profits

 The one number/account value which determines how much fee based investment accounts are charged occurs at the end of each quarter

 I have seen the same thing for years at the end of quarters, especially when markets are sideways to down, like now

 1,000 points down / 18,000 = about 5.5%

 If there is a trillion dollars invested in fee based accounts which depend on the end of the quarter for the following three months revenue/profit, and the money is being charged 1% = $10,000,000,000

 5.5% of $10 billion is $550,000,000 more over the next three months for investment firms and advisors than if the market had stayed at 17,000

 With a little help from our central banks including the Federal Reserve, who is owned not by the public, but by its member banks

 Who would have thought

 Once you get used to taking risks with your life, it gets easier to say what others don't want to hear at ever bigger levels
Posted by at
Labels: ,

Sunday, June 26, 2016

As England's pound falls, the US dollar rises, UK goods cost less for us, our goods more for them

http://www.bloomberg.com/news/articles/2016-06-26/pound-s-record-loss-seen-just-the-beginning-with-u-k-in-turmoil
Flight to quality and relative safety

It's the beginning of the end of the European Union, and the end of the beginning of a world wide recession/depression

Call it the third inning for the EU

Somebody probably did or most likely will get wiped out in the financial volatility

Margin calls for some smaller firms and a good chunk of investors

Credit Default Swap premiums spike and somebody won't likely be able to pay off at term

Money begins to flee emerging markets, especially the middle east if oil resumes its fall, unless the central banks step in again and again and again and we'll be stuck in this purgatory of fake stability

The US Dollar keeps rising.  Oil is priced in US Dollars.  Oil becomes more expensive in England and wherever currencies are declining and less expensive for us.

Energy sector bankruptcies double the already records broken every other week

Consumption falls, prices fall, jobs disappear, highly indebted municipalities deal with insolvencies not addressed in the last financial crises

Same with a bunch of insider thieves who borrowed to buy back overpriced stocks to enrich themselves while loading up on debt they can escape responsibility for after walking away with the spoils

 If the Japanese Yen continues to climb, their exports will get crushed even more.  The BOJ has bought the Japanese treasury market

 Negative yields... 

It's the whole world this time

Posted by at
Labels: , ,

Friday, June 24, 2016

RBC's Charlie McElligott; "It's "game over" for anybody out there who was short duration" and comment #BREXIT

CTA's / systematic trend strategies / 
managed futures funds / Crude and FX carry traders
--all of whom exist on leverage--
here comes "Mr Margin" calling on your risk longs.

Charlie McElligott
Managing Director, Head of US Cash Equities Sales Trading
RBC Capital Markets

In 2008 and 2009, leveraged accounts with large positions betting financial markets would rise fell, causing margin calls.

As markets fell about everyday for long enough, the amount of collateral needed to continue possessing account investments needed to be sold or more money needed/had to be deposited.  If a margin call goes long enough, the trading desk will sell out enough stock or bonds etc... without the consent of the clients.

Mandatory margin calls can create a self fulfilling prophecy.  Forced sales of equities creates more forced sales.

I followed how many margin calls hit closely to figure out when to take profits on bets against the markets.

That was back when I thought we had free markets.

Statements by high officials are practically always misleading,
when they are designed to bolster a falling market.

Gerald M Loeb

Now we have central banks buying stocks and bonds.

The Swiss National Bank increased its stake in Apple Inc.,
Exxon Mobil Corp. and Johnson & Johnson in the first quarter,
taking its U.S. equity holdings to $37.5 billion.



The Swiss central bank has already intervened today to keep a lid on its currency.  

http://www.zerohedge.com/news/2016-02-05/swiss-national-bank-doubled-its-holdings-aapl-stock-2015
Same with Japan's central bank, Europe's and the Federal Reserve.

Stocks, bonds and gasoline broad market prices have become guideposts for many to decide whether to spend money on discretionary purchases, or not.

So what happens to consumer spending after steep sell offs?

The decline of great powers
is caused by simple economic over extension.

Paul Michael Kennedy
British historian, and author of “The Rise and Fall of the Great Powers”

Restaurants are going to take it on the chin even more than they have so far.

etc..., leading to further declines, unless the central banks move in and try to make it go away for a little while longer
.
.
BREXIT; The exact contents of a text concerning financial markets sent on June 17, 2016

 http://greensboroperformingarts.blogspot.com/2016/06/brexit-exact-contents-of-text.html

 Thursday, June 23, 2016; So rigged

 http://greensboroperformingarts.blogspot.com/2016/06/so-rigged.html
When the rich plunder the poor of his rights,
it becomes an example for the poor to plunder the rich of his property,
for the rights of the one are as much property to him
as wealth is property to the other,
and the little all is as dear as the much.

It is only by setting out on just principles
that men are trained to be just to each other; and it will always be found,
that when the rich protect the rights of the poor,
the poor will protect the property of the rich.

But the guarantee, to be effectual, must be parliamentarily reciprocal.

Thomas Paine

 Thursday, June 23, 2016; New home sales weak; past joy revised lower for the last three months

 http://greensboroperformingarts.blogspot.com/2016/06/new-home-sales-weak-past-joy-revised.html

 Wednesday, June 22, 2016; Truckload rate changes per mile = The economy is slowing

 http://greensboroperformingarts.blogspot.com/2016/06/truckload-rate-changes-per-mile-economy.html

 Monday, June 20, 2016; We are riding on a wave of unsustainable debt increase, borrowing from future growth for a more pleasant present

 http://greensboroperformingarts.blogspot.com/2016/06/we-are-riding-on-wave-of-unsustainable.html

 Monday, June 20, 2016; "$271 billion in total business sales officially disappear: Census" = Fake Federal Statistics

 http://greensboroperformingarts.blogspot.com/2016/06/271-billion-in-total-business-sales.html
Human beings are… of two persuasions,
the first would spend tomorrow what they earn today,
the second would spend today what they hope to earn tomorrow.

From this…arise all conflicts that lead to economic crises,
to panics, depressions, violent and revolutionary transfers of wealth
and perhaps most wars.

Freeman Tilden

 Sunday, June 19, 2016; “Businesses racked up debt in the January-to-March period at the fastest pace in three quarters"

 http://greensboroperformingarts.blogspot.com/2016/06/businesses-racked-up-debt-in-january-to.html

People who have what they want 
are fond of telling people who haven't what they want,
that they really don't want it.

Ogden Nash

 Sunday, June 19, 2016; It's a bank run; Brexit isn't the problem facing financial markets, it is insolvency of European banks

 http://greensboroperformingarts.blogspot.com/2016/06/its-bank-run-brexit-isnt-problem-facing.html

 Saturday, June 18, 2016; The percentage difference between how bank stocks are performing relative to the 500 stocks in the S&P '500'

 http://greensboroperformingarts.blogspot.com/2016/06/the-percentage-difference-between-how.html

 Saturday, June 18, 2016; "We are heading for a crisis that will be exponentially worse than 2008"

 http://greensboroperformingarts.blogspot.com/2016/06/we-are-heading-for-crisis-that-will-be.html

 Wednesday, June 8, 2016; Bank Stock Relative Performance = Our Banks are the Financial Market and the Federal Reserve is owned by its Member Banks = Rigged Economy

 http://greensboroperformingarts.blogspot.com/2016/06/bank-stock-relative-performance-our.html

 A couple reasons Why the Federal Reserve and other central banks won't let financial markets falter and some recent chart and pic porn

 http://greensboroperformingarts.blogspot.com/2016/05/a-couple-reasons-why-federal-reserve.html

 Sam Zell selling real estate

 http://greensboroperformingarts.blogspot.com/2016/05/sam-zell-selling-real-estate-as.html
.
.
Since the 2008/9 financial crisis, the world's central banks, largest financial institutions, wealthy investors, advertising dependent media, paid for economists and entrenched politicians dependent on campaign cash/ bribes etc..., have been kicking the economic reckoning can.

 Quantitative Easing caused low interest rates to prop up real estate, financial markets and social spending by financing public deficits with money created out of thin air.

 Artificially imposed stability creates ever larger levels of real instability, no different than those with addictions to harmful substances.

 Monetary heroin.

 Most global central bank balance sheets have at least doubled

 Like Greece did after entering the Euro, many smaller European countries enjoyed the benefits of borrowing far more than could be repaid.

 Other countries who could, took advantage of low interest rates while printing money to keep their respective currencies low relative to the US dollar.

 When the Federal Reserve announced it would stop printing, US long term interest rates rose, affecting rates across the globe.

 Then corporations stepped in with share buybacks.

 Then England Japan, Switzerland and then Europe among others stepped into the printing breach.

 If values fall, investors should likely increase the extrication of monies from what appear to be more risky ventures, allocating heavily to perceived safe havens, compounding affects and triggering bank runs.

 The more investors begin to realize Quantitative Easing (printing money) didn't work, the sooner Emperors will appear to be holding up a financial house of cards, forcing the house to collapse with greater speed.

 As the global economy is clearly slowing, many who didn't understand yesterday are suddenly awake, looking at naked Empires, now that the veil of QE can be seen for what it is.

 A Minsky moment
If the natural cycle of laissez faire capitalism 
revolves between risk and aversion, 
what should happen if government intervention perverts the process?

Ponzi finance units must increase outstanding debt
in order to meet financial obligations.

A transition occurs over the course of an expansion
as increasingly risky positions are validated by the booming economy
that renders the built in margins of error superfluous,
encouraging adoption of riskier positions.

Eventually, either financing costs rise,
or income comes in below expectations,
leading to defaults on payment commitments.

Hyman Minsky
Believed excessive debt causes financial crises

 The world faces a massive debt restructuring, where investors and financial institutions take the hit instead of government bailouts like last time.

 It's just a question of how and when a very pushed on string snaps back in the 1%'s faces.

 This has taken far too long, which means the consequences are likely greater.

Any system produces winners and losers

If the gap between them gets too great
the losers will organize themselves politically
and seek to recast the existing system within nations and between them

Henry Kissinger

What could happen if a generation of underemployed, underpaid
educated and indebted young adults
become disillusioned by their elders’ financial mismanagement
and seek to identify and punish those responsible?
Posted by at
Labels: , , , , ,

Saturday, June 11, 2016

"Our money is broken, and we need to fix it"



"...Minimum wage advocates seek to solve a legitimate problem facing American workers: their dollars buy less and less every year. But simply mandating employers fork over more dollars is a little like putting a band-aide on an amputation. It doesn’t do anything to address the underlying problem.

Does earn today, spend tomorrow, conflict with borrow to spend today
and hope to earn enough tomorrow, or that someone else does?

...when the government debases currency, a dollar no longer buys the same amount of stuff it once did. Quantitative easing debases the currency and the Federal Reserve has engaged in the practice for years.

...the minimum wage stood at $1.25. To put it another way, a minimum wage worker earned five silver quarters for every hour worked. Today, you can’t even buy a cup of coffee with those five quarters.

But the silver melt-value of those five quarters today stands at over $15.

There’s your $15 per hour minimum wage.

Regardless of the dollar price involved,
one ounce of gold would purchase a good-quality man's suit
at the conclusion of the Revolutionary War, the Civil War,
the presidency of Franklin Roosevelt, and today.



Peter A. Burshre

This vividly illustrates currency debasement. In terms of purchasing power, the value of the silver remains relatively stable, but the value of a dollar shrinks.

...Today, it takes 60 quarters to make up the $15 minimum wage advocates want. If you paid that in 1964 silver quarters, the value of the metal would be something in the neighborhood of $175!

...The politicians and central bankers claim their policies stabilize economies and protect the people from currency debasement. But in truth, these policies only enrich the politically well-connected"

http://schiffgold.com/key-gold-news/we-dont-have-a-wage-problem-we-have-a-money-problem/?utm_medium=email&utm_source=psgn-weekly&utm_campaign=16-06-10

Athenian money…defined a pattern
which was to repeat in other empires which were to follow,
dominance of trade, influx of gold to balance exports, public wealth,
liberty, overconfidence, the discovery of loosely managed money
as a stimulating solution to stagnation in an economy near its zenith…,
before finally the emptiness of the monetary promise was exposed,
leading to rapid national collapse.

Paul Tustain

Why did the Roman Empire reduce currency size and silver content
to increase the quantity of money during war against Hannibal?

Where under the [Roman] Principate the strategy had been
to tax the future to pay for the present,
the Dominate paid for the present by undermining the future’s ability to pay taxes.



The Empire emerged from the third century crisis,
but at a cost that weakened its ability to meet future crises.



Joseph Tainter

Did Spanish money become worth less
after the Emperor borrowed against 100 years of future tax revenue
to pay for war against England?

Did France execute relatively the same strategy
with similar consequences not long after?

By the time the great bullion inflow had ended in the mid-seventeenth century,
the Spanish crown was deep in debt, with bankruptcies in 1557, 1575 and 1597.
Like high cost oil producing regions of today

The country entered upon a long decline.

…one might draw a moral: Easy money is bad for you.

It represents short-run gain
that will be paid for in immediate distortions and later regrets.

The Wealth and Poverty of Nations

Why did the Continental Congress issue paper money
backed by anticipated tax revenues to pay for war against theocratic England?
Posted by at
Labels: , , ,

"The Keynesians Stole The Jobs"

"Late last week the markets were shocked by a surprisingly bad May jobs report – the worst monthly report in nearly six years. The experts expected the US economy to add 160,000 jobs in May, but it turns out only 38,000 jobs were added. ...13,000 of those 38,000 were government jobs.

...there are more than 102 million people who are either unemployed or are no longer looking for work.

Which those earning money are paying for
as the 'Social' trust funds were pillaged by the Republican and Democratic establishment

'They' did it together, while making like there are two sides

...citing the weak May employment numbers, Goldman-Sachs is now predicting that there is a zero percent chance of a rate hike in June. Of course they also see this as a temporary blip in an otherwise robust economy...

Hillary Clinton and Elizabeth Warren are all in on saying the economy is fine,
parroting Goldman Sachs' bullshit

I don’t mean to rain on Goldman’s parade, but there are no miracles between now and July that will propel the economy to where according to their terms a rate hike would be appropriate.

More QE would get the markets going up again,
but it wouldn't make it any more real than the current global facade

QE doesn't increase real economic growth, 
QE just keeps those in power, in power and the status quo calm

...The culprit is an economic philosophy shared by both Republicans and Democrats for many decades. It is a belief in the fantasy of effective central economic planning by the Federal Reserve.

Some of Hillary's Goldman Sachs take, 
which Elizabeth Warren is now just fine with
in a betrayal of Beth's supporters;

6/4/2013, The Goldman Sachs Group, Palmetto Bluffs, SC: $225,000

10/24/2013, The Goldman Sachs Group, New York, NY: $225,000

10/29/2013, The Goldman Sachs Group, Tuscon, Ariz.: $225,000


It is a belief that a central bank can determine better than the free market what interest rates should be. This belief results in mal-investment, spiraling debt, distorted markets, inflation, bubbles, and finally economic depression.

Which we are headed into, only after the can has been kicked to death
by the world's repeated central bank interventions
corporate share buybacks with borrowed money and massive global debt increases

...While the “experts” have talked about our “economic recovery” since the crash of 2008, I happen to believe we have been in a recession or even a depression for the past eight years. The government manipulates the statistics to hide how bad the economy really is, until finally a bit of the truth leaks out and everyone seems surprised.

What did Donald Trump say about May's employment report 
described as "Weak, Sour, Soft, Disappointing, Fell Sharply, Far Short,
Sharp Fall, Just 38,000, Stalls, Bombshell etc..."

The people sense something is wrong but many don’t fully understand what it is.

Did Trump, Warren or Hillary admit 
a goodly chunk of government statistics used to pacify the populace
are manipulated to support social stability and economic stagnation
as opposed to favoring letting markets held up on monetary heroin 
find thier own way?

Did Donald say the markets are rigged as much as our political process

They have been told that more government spending will stimulate the economy and bring back jobs, and that more tinkering with interest rates will finally produce ideal economic conditions.

...What we are seeing is an epic failure of the Keynesians who have tricked so many people into believing that economic interventionism can create a perfect economy. They have mismanaged the economy and I am afraid the worst is yet to come...

http://ronpaulinstitute.org/archives/featured-articles/2016/june/06/the-keynesians-stole-the-jobs/
.
.
We are being lied to; According to the NC Commerce Department, there were 5,845 layoffs announced through all of 2015, but 7,453 through May, 2016

 http://greensboroperformingarts.blogspot.com/2016/06/we-are-being-lied-to-according-to-nc.html

 Once again Triangle Business Journal Staff Writer Lauren K. Ohnesorge misleads readers and the public on North Carolina layoff statistics

 http://greensboroperformingarts.blogspot.com/2016/06/once-again-triangle-business-journal.html

 "The -4.8 print was considerably worse than the -0.8 expectation"; Dow Jones near highs = Rigged Financial markets and links

 http://greensboroperformingarts.blogspot.com/2016/06/the-48-print-was-considerably-worse.html

 "Where Will You Be When the End Game Begins?"; The End Game Already Began Somewhere around the Tech Bubble burst of 1999 and 2000
http://greensboroperformingarts.blogspot.com/2016/06/where-will-you-be-when-end-game-begins.html
Posted by at
Labels: , , , , , , , , , ,

Monday, June 6, 2016

"The -4.8 print was considerably worse than the -0.8 expectation"; Dow Jones near highs = Rigged Financial markets and links




Counter-intuitive, or just manipulated price discovery?

Sam Zell selling real estate as Greensboro's oligharchs get to go down with the ship, again

 http://greensboroperformingarts.blogspot.com/2016/05/sam-zell-selling-real-estate-as.html

 Former Morgan Stanley Chief Asia Economist: "...the world economy is in real trouble"

 http://greensboroperformingarts.blogspot.com/2016/05/former-morgan-stanley-chief-asia.html

 Does this look normal to you?; GDP Growth Expectations vs. S&P 500 and charts

 http://greensboroperformingarts.blogspot.com/2016/06/does-this-look-normal-to-you-gdp-growth.html

 "Where Will You Be When the End Game Begins?"; The End Game Already Began Somewhere around the Tech Bubble burst of 1999 and 2000

 http://greensboroperformingarts.blogspot.com/2016/06/where-will-you-be-when-end-game-begins.html

 What is Donald Trump going to say about today's employment report described as "Weak, Sour, Soft, Disappointing, Fell Sharply, Far Short, Sharp Fall, Just 38,000, Stalls, Bombshell etc..."

 http://greensboroperformingarts.blogspot.com/2016/06/what-is-donald-trump-going-to-say-about.html

 Factory Orders, but we are not in a recession, the economy is doing well and things are looking up

 http://greensboroperformingarts.blogspot.com/2016/06/factory-orders-but-we-are-not-in.html

 "Leaders face a no-win dilemma: any change of course will crash the system, but maintaining the current course will also crash the system."

 http://greensboroperformingarts.blogspot.com/2016/06/leaders-face-no-win-dilemma-any-change.html

 We are being lied to; According to the NC Commerce Department, there were 5,845 layoffs announced through all of 2015, but 7,453 through May, 2016

 http://greensboroperformingarts.blogspot.com/2016/06/we-are-being-lied-to-according-to-nc.html

 Once again Triangle Business Journal Staff Writer Lauren K. Ohnesorge misleads readers and the public on North Carolina layoff statistics

 http://greensboroperformingarts.blogspot.com/2016/06/once-again-triangle-business-journal.html

 Our fearless leaders never got around to fixing what was wrong in the financial industry

 http://greensboroperformingarts.blogspot.com/2016/05/our-fearless-leaders-never-got-around.html

 A couple reasons Why the Federal Reserve and other central banks won't let financial markets falter and some recent chart and pic porn

 http://greensboroperformingarts.blogspot.com/2016/05/a-couple-reasons-why-federal-reserve.html

 Six corporations control "almost all of the programming that we receive through our televisions"

 http://greensboroperformingarts.blogspot.com/2016/05/six-corporations-control-almost-all-of.html
Posted by at
Labels: , ,

Friday, August 21, 2015

Ready for the Federal Reserve to come to the 'rescue', again?

If a nation prints more money,
like cutting a 16 inch pizza into 16 slices instead of 8,
is each slice worth less?

Nations are not ruined by one act of violence
but quite often, gradually, and almost imperceptibly
by the depreciation of their currency through excessive quantity

Nicolas Copernicus
Discovered Earth was not the center of the Universe

If Nathaniel Rothschild accumulated gold
essential for supporting an army upon Napoleon’s return
in anticipation of an extensive military conflict
and rapidly increasing government borrowing
and profitably exchanged relatively high priced gold
for lower cost debt
in anticipation of sovereign debt stability
upon Napoleon’s defeat by Britain's Wellington at Waterloo in 1815,
could current circumstances reflect something like the same thing
only opposite?

If Germany’s central bank suspended the right
to redeem gold backed Reichsmarks during World War I
and 170 Reichsmarks bought an ounce of gold in January 1919
why did an ounce of gold cost 87,000,000,000,000 Reichsmarks
in November 1923?

"Now in modern markets
it is striking that exactly the reverse…applies

Governments all over the world
are about to flood the bond markets with paper
to finance their bank bailouts and economic stimulus plans...

…governments are about to need to raise the funds
to fight another Napoleon

This massive new supply of [electronically 'printed' money]
[could]depress the price of existing bonds

…governments all over the world
have embarked on massive money creation"

Peter Cooper
Seeking Alpha
(Hat tip for the Rothchild metaphor)

What if the pizza shrinks 
while the number of slices rise?
Posted by at
Labels: , , , ,
Subscribe to: Posts (Atom)