Tag: TYLER DURDEN

GOLD: What does 80K$ / oz mean?

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https://www.zerohedge.com/markets/2023-goodbye-all

2023: Goodbye To All That
by Tyler Durden
Thursday, Dec 21, 2023 – 11:00 PM
Authored by Clive Hale via ‘The View From The Bridge’,

  • “There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.”
  • Forecasts create the mirage that the future is knowable – Peter Bernstein

*** begin quote ***

    It may seem quaint, but there was a time pre-1971 when you could divide the monetary aggregates (there are several) by the amount of gold held by the US Treasury and you would derive the reference price of $35/oz.

    And in 1980 when gold soared to $800/oz the dollar was 100% backed by the gold the US held.

    What is shocking is the amount of paper money created since that time frame.

    If one were to do the same calculation today (monetary aggregates/gold ounces held by the US Treasury) it would take a gold price of $80,000/oz to balance the equation.

    A far cry from today’s $1,950/oz.

*** end quote ***

Wow, I’m not predicting that will be the price.  I am predicting that the value of the U$D has been largely “inflated” away and the rubes aka “We, The Sheeple” just haven’t realized it yet.

I wonder when Joe-Sixpack in the Weimar Republic in the 1920’s realized that his German Marks weren’t good for anything but as firestarter.  Likewise the folks in Zimbabwe who went out to pan for gold to buy bread.

Things retain “wealth” as folks eventually learn after getting screwed by politicians and bureaucrats with their paper money.

—30—

HEALTH: Is the risk of “died suddenly” the price for trusting COVID-19 “vaccines”?

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https://www.zerohedge.com/medical/pro-vaccine-journalist-who-called-punishment-refusing-jab-dies-suddenly

Pro-Vaccine Journalist Who Called for Punishment For Refusing Jab Dies Suddenly
by Tyler Durden
Saturday, Dec 16, 2023 – 06:30 PM
Authored by Tom Ozimek via The Epoch Times (emphasis ours),

*** begin quote ***

A Canadian journalist who took strong positions in support of COVID-19 vaccines—including calling for vaccine passports and terminating police officers who refused the jab—has died suddenly.

*** end quote ***

Deep into the Big Pharma US Treasury raid, we learned that the word “vaccine” was redefined to include a bio-engineered weapons program.

Everyone, who disagreed, was labeled as “anti-vax”.  Despite that no one was refusing to take the polio (real) “vaccine”.  Nor were children not being given some of the OLD Traditional shots like DPT and measles.  And old {synonym for multiple instances of  flatulence} like me were taking Pneumonia and Shingle vaxes.  

No, the resistance was to these newfangled RNA “jabs” that were suspect.

Some of the suspicions were that politicians and bureaucrats, celebrities, and Big Executives were getting the distilled water or not getting jabbed at all.

(Remember Joe Biden’s shot on TV that was incorrectly administered?)

Don’t believe everything you hear and some of what you see.

—30—

GOVEROTRAGEOUS: Get il;legal immigration under control?

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https://www.zerohedge.com/geopolitical/europeans-will-succumb-islam-former-top-german-spy-issues-new-warning-muslim-majority

“Europeans Will Succumb To Islam” – Former Top German Spy Issues New Warning
by Tyler Durden
Tuesday, Dec 05, 2023 – 02:00 AM
Authored by John Cody via Remix,

*** begin quote ***

“It should also be possible to persuade third countries to take back their own nationals after deportation orders. If they don’t do it, you could ‘freeze their assets,’ prevent (their citizens) from traveling to Europe and other things. You have to persuade these states to behave in accordance with international law,” he said.

*** end quote ***

Clearly, the USA needs to deport ALL illegals.  Convicted Felons and illegally reentering aliens should be priority one.  And FAST!

—30— 

SECESSION: TEXIT still alive

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https://www.zerohedge.com/political/texit-progress-secession-question-expected-appear-2024-texas-primary-ballot

TEXIT Progress: Secession Question Expected To Appear on 2024 Texas Primary Ballot
by Tyler Durden
Saturday, Dec 02, 2023 – 10:45 PM

*** begin quote ***

As the US government hurtles toward insolvency while political and cultural divisions intensify across the country, Texans are poised to take their long-simmering flirtation with secession to the next level, as a non-binding proposition is expected to appear on the statewide GOP primary ballot in March 2024.  

*** end quote ***

Interesting that of all the States only North Dakota has a State bank and could leave.

Other candidates for an _EXIT are: California, New Hampshire, Alaska, and Hawaii.

It happened to the USSR, so why not the USA?

—30—

ADHOC: Seems like DJT45 has lost certin of this rights to “free speech”, I hope SCOTUS acts immediately!

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Trump Gagged By Judge: Barred From Making Statements About Witnesses, Special Counsel, Court Staff

Trump Gagged By Judge: Barred From Making Statements About Witnesses, Special Counsel, Court Staff

by Tyler Durden

Monday, Oct 16, 2023 – 12:36 PM

Judge Tanya S. Chutkan ruled on Monday that former President Trump cannot make comments regarding his ongoing case brought by Special Counsel Jack Smith regarding Trump’s alleged efforts to overturn the 2020 election.

—30—

GOVEROTRAGEOUS: “Two Beers A Week” soon to be a diktat?

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https://www.zerohedge.com/medical/bidens-booze-czar-floats-new-possible-guidance-only-two-beers-week

Biden’s ‘Booze Czar’ Floats New Possible Guidance Of Only Two Beers A Week
by Tyler Durden
Saturday, Aug 26, 2023 – 05:00 PM

*** begin quote ***

In yet another example of the nanny state’s intrusion into the private lives of its citizens, President Biden’s so-called ‘alcohol czar’ revealed to Daily Mail that the United States Department of Agriculture could soon revise its booze guidelines to a meager two drinks a week. 

*** end quote ***

Yeah, the war on drugs has worked so well.  Like the war on “poverty” and all the other “wars” the Gooferment wages.

Argh!

—30—

GOVEROTRAGEOUS: Recognize that LBJ’s Great Society absolutely destroyed the black family

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https://www.zerohedge.com/markets/how-great-society-destroyed-nuclear-family-structure-one-chart

How The ‘Great Society’ Destroyed The Nuclear Family Structure In One Chart
by Tyler Durden  — Sunday, Jul 16, 2023 – 02:00 PM

*** begin quote ***

Who destroyed the American family?

The argument can be made that the Great Society programs initiated the destruction of the nuclear family structure. The blame starts with President Lyndon B. Johnson’s set of domestic programs in the mid-1960s that were used to fight ‘poverty’ but only discouraged work and destabilized families. 

*** and ***

First, the US has the highest rate of single-parent households in the world. Second, the connection between single-parent households and crime is very strong. According to research carried out by Jerrod Brown, a behavioral specialist at Concordia St. Paul, the extant literature “suggests that children raised in single-parent households experience more physical and psychological problems compared to those raised in two-parent households.” Moreover, he added, the “implications of homes in which fathers are absent may be important to explore for criminal justice and mental health professionals.”

Maybe this whole Great Society experiment has gone terribly wrong. Let’s try something different. Maybe bring back the family unit and dial back welfare programs.

*** end quote ***

I remember Malcom X’s quote: “… … It has turned out that it’s Johnson in the White House-and black votes were a major factor in his winning as decisively as he wanted to. If it had been Goldwater, all I am saying is that the black people would at least have known they were dealing with an honestly growling wolf, rather than a fox who could have them half-digested before they even knew what was happening.”  — Malcolm X, The Autobiography of Malcolm X 

LBJ delivered a knock out blow to the black family and fooled the black into think he was “looking out for them”.

While I may not like Malcom X’s politics, he was often right!

—30—

VOCABULARY: SCROTUS: the Supremely Corrupt Royalty of the United States

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https://www.zerohedge.com/markets/corruption-potus-scotus-and-scrotus

The Corruption Of POTUS, SCOTUS, And SCROTUS
by Tyler Durden  — Monday, Jun 26, 2023 – 04:20 PM
Authored by Charles Hugh Smith via OfTwoMinds blog,

  • Until we reach that point of social transformation, we’re passengers on a ship of state doomed by rampant, systemic corruption and the collapse of moral standards and the rule of law.

*** begin quote ***

Then there’s SCROTUS: the Supremely Corrupt Royalty of the United States, the corporate bigshots, the lobbyists, the billionaires, the politically influential, the financially connected, and all the elites that are protected from consequence and therefore untouchable.

*** end quote ***

Thanks for another acronym that describes the opposite of us deplorables.

—30—

VOCABULARY: Fiat currency created by computers in the Cnetral Bank = “mouse-click money”

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Matt Piepenburg calls mouse-click money

# – # – # – # – # 

Von Greyerz: Forecasting The Gold Price Is A Mug’s Game
by Tyler Durden
Tuesday, May 02, 2023 – 07:20 AM
Authored by Egon von Greyerz via GoldSwitzerland.com,

*** begin quote ***

Most investors are totally ignorant of the purpose of gold or its historical significance. 

After all, Gold is the only money that has survived in history but virtually nobody is aware of this vital information. 

*** and ***

The Everything Bubble is likely to turn into the “Everything Collapse” (link below) with all the bubble assets declining between 75% and 95% in real terms. 

After all; assets inflated by fake money must clearly be fake. 

The biggest collapse will obviously be the $300 trillion debt market. But before this debt collapse, Western governments and central banks will have drowned financial markets in what my colleague Matt Piepenburg calls mouse-click money.

And they will wear out many batteries and mice before this is finished.

We saw during the Ides of March (Shakespeare), which is an ominous time in mid March when Julius Caesar was murdered. This Ides of March this year contained the death of 4 banks; one Swiss, and three US within a matter of days. 

*** end quote ***

Very nice summation.

Back in history, the ruling elite always pretended that money contained valuable gold or silver.

The Romans debased their currency.  

https://reinkefaceslife.com/2007/10/10/money-leaders-to-the-guillotine/

So did the French.

https://reinkefaceslife.com/2021/08/09/goldbug-what-if-all-the-gold-in-fort-know-has-long-since-left-the-country/

What makes us think that it will result in a different outcome?

—30—

ECONOMICS: illiquid assets should be “marked to market” of zero!

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https://www.zerohedge.com/markets/caution-better-part-valor-again

Caution Is The Better Part Of Valor… Again
by Tyler Durden
Friday, Mar 24, 2023 – 02:25 PM

Authored by Peter Tchir via Academy Securities

*** begin quote ***

I did not like what happened on Wednesday and reiterated that view as stocks were popping yesterday morning. Today, a relatively calm overnight session got spooked as European bank CDS (particularly contracts linked to sub debt) spiked. That continued into the U.S. session until headlines that Treasury Secretary Yellen had convened a FSOC meeting. Maybe something comes out of that meeting, but here are issues that I think resurface once that meeting is done, unless something surprisingly aggressive is done (I don’t expect that).

*** and ***

The “Unrealized” Mark to Market Losses

I remain dumbfounded by some of the duration risk that was obviously taken at, at least, one bank. The sense that I get, from talking to people is more time is being spent on what other issues could be out there?

*** end quote ***

One of the Managing Directors, that I respected from my days on Wall Street, was a real hard ass as a risk manager. I remember hearing many profound and LOUD screaming matches with traders and portfolio managers about “mark to market”.  As an IT guy I had heard the term, but didn’t grok (gestalt) it, until I heard some of his rants. (It was hard NOT to hear them screaming.)

His rule was, if someone said something was worth X and he didn’t think so  — especially if it was illiquid or had no active market, then he’d offer to put it in their personal portfolio at that value.  Otherwise, it was “marked to market” at ZERO.  (I really had to laugh when the eventually ended with “why would I want that junk in my personal portfolio?” Followed by the final nail in the coffin: “Why would the Firm want it in theirs at that price?”  I think those disagreements could have had tickets to watch that rival WWE matches.)

So, everyone should “market to market” all their assets as if you were a risk manager.  And, don’t think that your job is a risk-free asset. 

—30—

Note: A good post for April Fool’s Day!

# – # – # – # – # 

MONEY: Gooferment Debt in a “death spiral”

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https://www.zerohedge.com/markets/welcome-death-spiral

Welcome To The Death Spiral
by Tyler Durden
Monday, Feb 06, 2023 – 09:00 AM
Authored by John Rubino via Substack,

*** begin quote ***

And there’s nothing that the monetary authorities can do to stop it, because either choice – keep interest rates high or push them back down – leads to the same place, which is a currency crisis. Meanwhile, each turn of the wheel makes the problem more intractable and the collapse more imminent. That’s what the term “death spiral” refers to: a process that feeds on itself until the system implodes.

*** end quote ***

Assuming that they, our wise and merciful Overlords, can see that they can no longer kick the debt can down the road, what can they do?

Easier said than done, cut spending.  The Military Industrial Complex is spending the USA into oblivion.  They have to face the largest share of the cuts.  It would seem that NATO has far outlived its usefulness and should be ended.  Our participation in the UN and all its corrupt activities should also go.

Then, we need to address welfare and entitlements.  Sorry but they have to get cut too.  As humanely as possible.

The cathedral of “education” needs to be starved too.

The entire class of Gooferment drones have to be freed to take on more productive roles.

Unpleasant times for everyone.

The alternative is the fall of Rome.

—30—

ECONOMICS: Recongize reality and change the retirement age to 75 or 85?

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https://www.zerohedge.com/personal-finance/raise-social-security-age-least-75

Raise The Social Security Age To (At Least) 75
by Tyler Durden
Sunday, Jan 29, 2023 – 06:30 PM
Authored by Ryan McMaken via The Mises Institute

  • On January 10, the French government announced plans to raise the retirement age from 62 to 64.

*** begin quote ***

One thing raising the age has going for it is that it’s been done before. A 1983 change very gradually increased the full-benefits age from 65 to 67. That’s much too little, and even an increase to age 75 would be a mild reform. Other reforms, up to and including abolition, should include means-testing pensions and totally defederalizing and decentralizing the program. But it’s also easy to imagine the tidal wave of opposition from activists who vehemently oppose even a very mild reduction in Social Security payouts. Raising the age won’t make Social Security just, prudent, or wise. But cutting federal spending is always the right thing to do.

*** end quote ***

As horrific this change wood be, it’s needed to prevent economic catastrophe.

Time to unwind the Ponzi scheme.  Those, that are close to their retirement age (i.e., 55), don’t have enough working time to adjust to the loss or reduction in Social Security benefits.  And, don’t forget that there is a terrible age discrimination problem when workers turn 40, 50, or 55. So evidently, those under 40 are going to take a real haircut.

I doubt the current crop od politicians and bureaucrats have any stomach for the pain to be inflicted on themselves and the general population.

One thing is for sure, “they” can’t print their way out of this one.

—30—

On Mon, Jan 30, 2023 at 10:39 AM Luddite wrote:

“Back in the day” when I was making some decent coin, I was always pleased each year when I reached the maximum income required on SS withdrawals each month. I remember a couple of years when I received some big January bonuses that they stopped taking out SS in April! In my opinion, the easiest solution to preserving SS is to remove the cap on income. I understand that the reason we even have a problem is because the crooks raided the fund years ago and have never paid it back, but given the current situation I believe removing the cap is the easiest and least painful solution. What say you? (Also understanding that I just poked the libertarian’s cage!)

# – # – # – # – # 

Taxation is theft. 

Starting from that basic principle, “eliminating the cap” merely allows the current plundering to continue. 

A radical reform is required to truly correct the problem.  Will some get hurt, yup. 

To minimize the pain, the young should be excluded, the old exempted, and the middle get the full retirement age adjusted. 

Say a 40 goes from 69 to 80, 50 goes from 68 to 75, 55 from 68 to 70. 

Then in 40 years social security goes away.

It’s only fair way to unwind the ponzi scheme.

Yes, fiscal reality sucks.  Economics is the dismal science. And, TANSTAAFL (“There Ain’t No Such Thing As A Free Lunch” From Robert Heinlein’s classic)!

Sigh.

—30—

ECONOMICS: Maybe I have to start looking at price per ounce?

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https://www.zerohedge.com/markets/whats-your-line-sand-25-burger

What’s Your Line In The Sand? The $25 Burger?
by Tyler Durden
Thursday, Dec 22, 2022 – 09:22 AM

  • Authored by Charles Hugh Smith via OfTwoMinds blog,
  • The gag reflex kicks in at some point and we walk away because it is no longer worth the price.

*** begin quote ***

Everyone has a line in the sand when it comes to inflated prices they refuse to pay. For one Walmart shopper I observed, it was a carton of eggs for close to $10. She announced her line in the sand verbally, with great force and sincerity.

What’s your line in the sand, the point at which you simply refuse to pay the asking price? Is it the $25 burger? Or is it the $50 for two burritos and two beverages?

Each person’s line in the sand reflects their income, wealth, budget, social status and value system–what’s important to them. For some higher income folks, it might be the ridiculous “resort fee” that’s tacked onto the already overpriced resort room, hotel tax, excise tax, parking fees and the extra-special charge for Internet service.

For others, it might be the outrageous estimate for repairing a system failure in a nearly-new vehicle that is (surprise!) no longer covered by the manufacturer’s warranty. Hundreds of dollars for what?

*** end quote ***

Hmmm, now that’s an interesting pot question.

For me, it has to be the $9 “craft beer”.  I switched at my local bar from draft to bottles when the price was 7$ for a draft and 3$ for a bottle.  Maybe I have to start looking at price per ounce?  Or, milliliter!

Dining out has become a $100 proposition.  Isn’t that far beyond the average working stiff?  It certainly is getting there for the senior citizens and people with rug rats.

Sad. 

And it’s all caused by the politicians and bureaucrats “printing” money.

Where does the merry-go-round stop?

Soon I think.

—30—

NEWJERSEY: Remember Corzine and the missing $1.6 bullion

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https://www.zerohedge.com/markets/youre-absolute-fraud-cme-ceo-terry-duffy-recalls-first-meeting-sam-bankman-fried-march-2022

“You’re An Absolute Fraud”: CME CEO Terry Duffy Recalls First Meeting Sam Bankman-Fried In March 2022
by Tyler Durden
Monday, Nov 21, 2022

*** begin quote ***

Penn professor and forensic accounting expert Francine McKenna summed it up perfectly when she commented on Twitter: “Duffy went to Congress and told them FTX was a bankrupt business model and he was ignored just like he was ignored when he said Corzine knew he had used customer funds and knew where the missing $1.6 bullion was.

*** end quote ***

So why do we need “regulators”, politicians, or bureaucrats who don’t listen.

Same as Made-off and all the other Ponzi operators.

What a circus!

—30—

MONEY: The coming default by the US FED / Treasury?

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https://www.zerohedge.com/markets/are-you-ready-coming-us-government-default

Are You Ready For The Coming US Government Default?
by Tyler Durden
Monday, Nov 07, 2022 – 07:20 AM

Authored by MN Gordon via EconomicPrism.com,

*** begin quote ***

The vast herd of investors are a deluded crowd. Following the Federal Reserve’s much anticipated 75 basis point rate hike on Wednesday the major stock market indexes jumped upward.

Optimistic investors keyed in on the Federal Open Market Committee (FOMC) statement and, in particular, the remark that the Fed, “will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation and economic and financial developments.”

*** and ***

In other words, this bear market may not bottom out until well into 2025. What’s more, the entire dollar based financial system will likely blow up sometime beforehand.

*** and ***

But many won’t recognize heavy handed monetary policy as reasons for their disappointment. The erosion of purchasing power can be subtle over long periods. Moreover, the effects of currency debasement policies extend to all corners of the economy.

*** end quote ***

Depends upon how you define default. What happens when no one wants to buy US Treasuries?

It’s going to be ugly. As the interest rate goes up, more of the Federal budget should go to interest on the debt. If they don’t cut, then more dollar printing.

A vicious cycle.

Sigh!

But what will be the form of it? Us tin foil hats are trying to guess will they just: “print”, “default on the bonds (i.e., tough <synonym for excrement> you suckers)”, or something involving a FED version of mandatory bitcoin (i.e., cash is recalled just like gold was)?

And, then what will the sheeple do?

—30—

VOCABULARY: “Weaponized Governmental Failure”

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https://www.zerohedge.com/political/weaponized-governmental-failure-primer

Weaponized Governmental Failure: A Primer
by Tyler Durden
Saturday, Oct 22, 2022 – 07:40 PM

Authored by Scott McKay via The American Spectator,

*** begin quote ***

Democrats rule over a ruin, but they rule…

*** and ***

Let’s call it Weaponized Governmental Failure. It’s the single most explicative factor in the breakdown of American political consensus in the 21st century, even though it’s been around since the latter part of the 20th century.

The simple definition of Weaponized Governmental Failure is this: it’s the deliberate refusal to perform the basic tasks of urban governance for a specific political purpose.

The crime and the graft and the potholes and the bad drainage, not to mention the spotty trash collection or nonexistent snow shoveling, aren’t incompetence. In fact, none of what you see in the American public sector is incompetence. The people responsible for it are quite highly educated and well-trained in their craft. You just need to understand what their craft is.

It’s a choice to do a poor job with the more mundane tasks of running a city, and an educated and purposeful choice at that. If you do those things effectively, after all, what you will get is middle-class voters moving in. Middle-class voters tend to choose to live in places where they can expect to get actual value out of their tax dollars — good roads, safe streets, functional drainage, decent schools, a friendly business climate, and a growing economy, among other things — and those things are hard to produce when you govern the way the Left does.

Put a different way, middle-class voters are a pain in the ass.

*** end quote ***

The politicians and bureaucrats are the drones of the human hive.

I have often posted that the Gooferment is immoral, ineffective, and inefficient. As well as untrustworthy. And to that “deliberately incompetent”.

Argh!

—30—

VOCABULARY: “Gaslighting” — to sow self-doubt and confusion in their victim’s mind

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https://www.zerohedge.com/geopolitical/hopkins-gaslighting-masses

Hopkins: The Gaslighting Of The Masses
by Tyler Durden
Sunday, Oct 16, 2022 – 11:30 PM

Authored by CJ Hopkins via The Consent Factory,

*** begin quote ***

nstead, I want to focus on one particularly effective mind-control technology, one that has done a lot of heavy lifting throughout the implementation of the New Normal and is doing a lot of heavy-lifting currently. I want to do that because many people mistakenly believe that mind-control is either (a) a “conspiracy theory” or (b) something that can only be achieved with drugs, microwaves, surgery, torture, or some other invasive physical means. Of course, there is a vast and well-documented history of the use of such invasive physical technologies (see, e.g., the history of the CIA’s infamous MKULTRA program), but in many instances mind-control can be achieved through much less elaborate techniques.

One of the most basic and effective techniques that cults, totalitarian systems, and individuals with fascistic personalities use to disorient and control people’s minds is “gaslighting.” You’re probably familiar with the term. If not, here are a few definitions:

“the manipulation of another person into doubting their perceptions, experiences, or understanding of events.” American Psychological Association

“an insidious form of manipulation and psychological control. Victims of gaslighting are deliberately and systematically fed false information that leads them to question what they know to be true, often about themselves. They may end up doubting their memory, their perception, and even their sanity.” Psychology Today

“a form of psychological manipulation in which the abuser attempts to sow self-doubt and confusion in their victim’s mind. Typically, gaslighters are seeking to gain power and control over the other person, by distorting reality and forcing them to question their own judgment and intuition.” Newport Institute

*** end quote ***

IMHO the whole Covid fiasco from start to finish has been “gaslighting” the world’s population.  The politicians and bureaucrats did this to transfers huge amounts of wealth into Big Pharma. 

Argh!

—30—

MONEY: Trustless Money

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PayPal, Bail-Ins, & The Necessity For Trustless Money
https://www.zerohedge.com/crypto/paypal-bail-ins-necessity-trustless-money
— via my feedly newsfeed

PayPal, Bail-Ins, & The Necessity For Trustless Money
by Tyler Durden
Wednesday, Oct 12, 2022 – 12:08 PM

*** begin quote ***

Sure enough, the URL to the updated AUP was under the paypalobjects.com domain, which anybody in our business knows is real.

The document appeared to have been a PDF version of the forthcoming new AUP which was due to roll out in early November. It has since been replaced by the blank page however the original is still available via Archive.org

*** and ***

“It’s a bell that can’t be un-rung”.

I’ll tell you a couple other bells that can’t be un-rung:

When the Canadian government unilaterally seized bank accounts of not only the truckers who protested vaccine mandates in Ottawa (most of which are now gone anyway), but also designated the accounts of citizens who legally donated via GoFundMe or GiveSendGo as targets (sourced from a spreadsheet that somebody hacked from a third-party website, btw), that was a bell that can’t be un-rung.

*** and ***

The bells have been ringing for awhile:

In 2013, during the banking crisis in Cyprus, the first “bail-in” was enacted, when depositors’ savings were confiscated from their bank accounts to recapitalize a banking system that had over-leveraged itself through excessive bad debts to zombie companies.

*** and ***

How much of your wealth is reliant on trusting external, opaque systems and complying with their increasingly one-sided, ephemeral and arbitrary policies, expectations or whims?

Versus, how much of your own money do you have outside of the fiat banking, Big Tech operated monetary system?

Because one morning you may wake up to find out that’s all you have left.

*** end quote ***

Certainly seems that one should have some “wealth” outside of the financial / banking system.  That could be “cash”; although inflation makes that an expensive depreciating asset.  Metals that could be used as barter.  And, bitcoin, assuming that you have power and the inet.  Interesting that in Germany, “firewood” is the new gold!  Imagine not having heat or food in a First World country like Germany due to the complete and utter stupidity of their Gooferment.  

—30—

ECONOMICS: Cryptocurrency — no regulation needed — Caveat Emptor

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https://www.zerohedge.com/crypto/secs-reckless-crusade-crush-cryptocurrency-market

The SEC’s Reckless Crusade To Crush The Cryptocurrency Market
by Tyler Durden
Wednesday, Sep 28, 2022 – 08:20 PM

Authored by Gerard Scimeca via RealClearMarkets.com

*** begin quote ***

The outcome of the SEC case against Ripple is critical in not just establishing a fair and just baseline for the protection of crypto investors, but as a test case in setting boundaries to stop overreach by federal agencies seeking to advance their power at the expense of efficiency. Crypto is popular and growing precisely because of its efficiency, flexibility, and vast utility in financial markets, benefits that can easily be quashed through intrusive and heavy-handed regulation. The ultimate arbiter of these issues is Congress, who must act, and soon, to help establish a clear framework to regulate crypto, and to limit the SEC’s power to occupy spaces where it simply does not belong.

*** end quote ***

Sorry, but all the Gooferment ever does is impede progress.

Is an “unregulated” market “dangerous”?

No, let the buyer beware and let the “invisible hand” of the free market quickly and efficiently discipline bad actors.

No bureaucrats required.

—30—

IPHONE: Mike Lindell is an object lesson in backup and recovery

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https://www.zerohedge.com/political/i-got-bad-news-you-mike-lindell-speaks-out-after-fbi-seizes-phone

“I Got Bad News For You”: Mike Lindell Speaks Out After FBI Seizes Phone
by Tyler Durden — Thursday, Sep 15, 2022 – 11:20 AM
Authored by Eva Fu via The Epoch Times (emphasis ours),

*** begin quote ***

MyPillow CEO Mike Lindell was picking up food at a fast food chain drive-through when three cars driven by federal agents blocked him.

*** and ***

“Well, I got bad news for you: we are going to take your cell phone,” Lindell remembered the agents saying.

“No you are not, I’d rather be arrested, you are not going to get my phone,” he replied. Since he doesn’t have a computer, he said his phone was an essential device that he leans on to run his five businesses.

“They want people to be scared to talk to Mike Lindell,” Lindell, who relented and handed over his phone after consulting his lawyer, told The Epoch Times on Wednesday.

“You might get your phone taken at a drive-thru restaurant, you might get your door bashed in by the FBI,” he said, noting the string of FBI subpoenas for allies of former President Donald Trump reported in recent weeks.

While Lindell initially thought the FBI was interested in him as part of the House probe into the Jan. 6 Capitol breach, the agents told him they had two separate cases in which he is named.

*** and ***

The FBI turned down Lindell’s request to back up his phone. “That was something that really upset me,” he said, adding that his last phone backup was from a couple of weeks earlier.

But the recent FBI actions, he said, won’t dissuade him from his advocacy efforts.

“The government weaponized the FBI, trying to scare me, trying to scare other people, but it didn’t change a thing,” he said. “This is Gestapo in Nazi Germany. This is what we’re up against.”

“It didn’t rattle me,” he added. “I’m not going to unsee what I’ve seen.”

Regarding his phone, Lindell is confident that the FBI will realize “there’s nothing in here.”

“I do all things by calls, I rarely text, and I never email,” he said. “So whatever they’re looking for, they’re going to be on a wild goose chase.”

Lindell’s lawyer is working to get his client’s phone back, and meanwhile, Lindell says he has already moved on.

*** end quote ***

“his last phone backup was from a couple of weeks earlier.”

Maybe I should apply for a job as his IT guru.  If that phone is his “lifeline”, then he should have a hot back up.

Didn’t say if it was an iPhone.  If it was he could have a hot backup to iCloud.  

I don’t do anything important and I have a backup phone and a backup computer.

Remember “2 is 1; 1 is none! redundant capability; not redundant gear!”

There’s no excuse for only one back up that weeks old.

Argh!

—30—

CRYPTO: Be afraid; Be very afraid; the Gooferment crypto is a trap

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https://www.zerohedge.com/economics/central-bank-digital-currencies-are-coming-what-will-consequences-be

Central Bank Digital Currencies Are Coming – What Will The Consequences Be?
by Tyler Durden
Friday, Jul 15, 2022 – 04:20 PM

*** begin quote ***

Currencies are the lifeblood of trade and the economy; if a currency fails, the entire economy fails. Yet, most people rarely think about the health or buying power of the money in their pocket. People don’t research how often currencies actually falter and how common it is for inflation or stagflation to strike nations. They just assume that the money they have will be as useful tomorrow as it is today. They also assume that money will never change in a dramatic way.

This lack of interest in how money works is likely due to the fact that people are not taught how their money is created. It’s not discussed in schools, the truth is avoided in colleges and the mainstream news rarely mentions it. People think our government and treasury handles all of that, but the reality is that our government does NOT create our money; at least, it’s not in charge of the process. Central bankers are, and they operate from a “quasi-independent” position.

*** and ***

The public would never readily accept CBDCs as money unless their existing money lost most of its buying power and the current system was in the gutter. This is how new levels of empire are born; a major crisis allows for the elites to consolidate control while the people are distracted by their own private disasters. The big picture is changed while each person is terrified by their own small picture calamity.

*** end quote ***

The Gooferment’s digital currency can be switched off from HeadQuarters and then all the little people are screwed!

—30—

POLITICAL: Will illegal work on banned biological weapons be exposed?

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Escobar: Russia Rewrites The Art Of (Hybrid) War
Zero Hedge by Tyler Durden / May 22, 2022 at 07:02AM

https://www.zerohedge.com/geopolitical/escobar-russia-rewrites-art-hybrid-war

*** begin quote ***

That’s not gonna happen. Moscow is fully aware that going public with illegal work on banned biological weapons is an existential threat to the US Deep State. Especially when documents seized by the Russians show that Big Pharma – via Pfizer, Moderna, Merck and Gilead – was involved in several “experiments”. Fully exposing the whole maze, from the start, was one of Putin’s stated objectives.

*** end quote ***

Will Russia be allowed to let the Deep State “cat” out of the proverbial bag?

What will “We, The Sheeple” think?

If it happens before the 2024 election does it ensure a DJT or Desantis  presidency?

—30—

GOVEROTRAGEOUS: Bioweapons At US-Linked Ukraine Labs

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https://www.zerohedge.com/geopolitical/pentagon-says-pathogens-us-linked-ukraine-labs-not-offensive-bioweapons

Pentagon Clarifies There’s No “Offensive” Bioweapons At US-Linked Ukraine Labs
BY TYLER DURDEN
SATURDAY, APR 02, 2022 – 04:30 PM
Authored by Dave DeCamp via AntiWar.com, 

*** begin quote ***

A Pentagon official told Congress on Friday that there are no “offensive” biological weapons in any of the dozens of US-linked labs in Ukraine.

“I can say to you unequivocally there are no offensive biologic weapons in the Ukraine laboratories that the United States has been involved with,” Deborah Rosenbaum, the assistant secretary of defense for nuclear, chemical, and biological defense programs, told the House Armed Services subcommittee.

*** end quote ***

So correct me if I am wrong but the Pentagon has just ADMITTED that there are US biological weapons labs in the Ukraine.

And we wonder why Putin is pissed?

If Russia had biolabs in Mexico or Canada, then what would be the USA reaction?

Argh!

—30—

RANT: Let the research begin on what was on the laptop,

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https://www.zerohedge.com/political/matt-gaetz-enters-hunter-biden-laptop-data-congressional-record

Matt Gaetz Enters Hunter Biden Laptop Data Into Congressional Record
BY TYLER DURDEN
WEDNESDAY, MAR 30, 2022 – 04:20 PM
Authored by Ken Silva via The Epoch Times (emphasis ours),

*** begin quote ***

“I seek unanimous consent to enter into the record on this committee the contents of Hunter Biden’s laptop, which I am in possession of.”

*** end quote ***

I look forward to the “muckrakers” exposing all the corruption to the light of day.

—30—

ECONOMICS: The economy has yet to recover from covid, but the stock market is being inflated

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https://www.zerohedge.com/markets/nothing-has-changed-except-everything

Nothing Has Changed, Except For Everything
BY TYLER DURDEN
MONDAY, MAR 28, 2022 – 09:30 AM

*** begin quote ***

The signs and symptoms I’m paying attention to are as follows (read this list slowly, and take it all in):

  • We have a market that saw the NASDAQ (an index) rise about 120% in less than 2 years off its March 2020 lows, despite the fact that our economy never materially recovered during the same period of time.
  • Our money supply (M2) rose between 21.7% and 26.92% year over year, between April 2020 and February 2021. Its long term YOY average rise, including this data, is just 7.16%. Prior to 2020, most YOY growth was between 3% and 5%.
  • Our inflation rate is at its highest point in about 30 years, and that is using a totally different method for measuring inflation than we used to. If we used the standards for measuring CPI in the 1980s, inflation would likely be at all time record highs for our nation.
  • We have the most material hot war in Europe since World War II taking place, with little visibility on how it will end. At the same time, relations with Russia and China have not been this contentious in decades. Russia and China also look to be posing a serious, calculated challenge to the U.S. dollar’s reserve status.
  • As I pointed out days ago, stocks relative to GDP are also in uncharted territory, where reversion to the mean would mean a minimum of a 40% drop from here.

But hey, Jim Cramer says he thinks “the bear market is over”. He’s on CNBC. I’m not.

*** end quote ***

Hard to imagine what will happen when the politicians and bureaucrats have “managed” the US into a horrific depression.

Sigh!

It’s not going to be pretty for the non-rich.

—30—

MONEY: Has time finally run out?

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https://www.zerohedge.com/personal-finance/peter-schiff-warns-tucker-carlson-inflation-only-has-one-way-go

Peter Schiff Warns Tucker Carlson: Inflation Only Has One Way To Go!
BY TYLER DURDEN
TUESDAY, MAR 15, 2022 – 08:11 AM
Via SchiffGold.com,

*** begin quote ***

Last week, we got another big jump in consumer prices with the February CPI data. Peter Schiff appeared on Fox News with Tucker Carlson to talk about the rampant inflation. He said it’s only going to get worse. Inflation only has one way to go.

*** end quote ***

I’ve blogged about this self-inflicted national disaster for decades.  Been aware of the problem since the late 60’s.

And, I hope that I don’t I’ve to see some very ugly chickens come home to roost.

The problem is the FED! The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.

When will “We, The Sheeple” wake up?

If, ever!

—30—