Our focus is [nominally] long wave economics in nature. Unlike many people, who get hooked in the money trap (collecting piles of ultimately meaningless paper) we like to focus on larger issues. Like using brainpower to get “off planet” and plan ahead for the “life after death.”
Therefore, any more money other than what’s necessary to fund the REAL issues we all face (like dying, deep spiritual work, etc.) is a waste of personal resources. Money and time.
HOWEVER, money does matter and this is a most auspicious day as we wander the halls of the asylum trying to understand the inmates…
Whether the reappointment of Jerome Powell to head the Federal Reserve was really what advocates of Modern Monetary Theory (let’s make up money) in the Buy’ed ’em administration wanted is doubtful. Powell, in our view, got lucky.
The conventional wisdom goes to the idea that Biden Was Right to Pick Powell to Chair the Federal Reserve.
Our view is different: We think Biden has simply run out of political capital and doesn’t want to spend any more than he has to. A socialist/communist MMT stooge can be installed later. Bank on it. Biden’s rankings are already in the toilet and things are swirling. He couldn’t pull it off. But he’s still got a communist-trained head of the office of the comptroller of the currency in process…
Control the money and you control the people.
Powell’s Problems Persist (PPP)
While most economists understand PPP means “purchasing power parity” – a currency-removed effort to compare economies – it really means Powell’s Problems Persist.
The first one comes this afternoon. Because that’s when we expect the latest confessional from the Fed which has been expanding the nation’s monetary base by HUGE amounts (+31% year-on-year). Watch the H.6 money stocks report page here later today. “These data are released on the fourth Tuesday of every month, generally at 1:00 p.m.”
While it’s true that US futures drop as bond yields jump after Jerome Powell gets second term as Fed chair, it’s also true that bad news often leaks no matter what.
H.6 is leaking all over the asylum floor.
Powell’s triple lucky streak, if you’re counting, now includes:
- The sycophant media hasn’t called bullshit on dropping M1 and M2 weekly reporting. So, like Greenspan completely hiding M3 from the public, Powell has gotten away with making H.6 nearly useless.
- He also got lucky with his reappointment because Biden has no political capital left, to speak of.
- And he’s been lucky that the retarded financial media hasn’t figured out that creating shortages drives up prices, and that’s an off-balance-sheet way to force price inflation into the economy.
Although shortages are still in the news (see Why Glass Is So Hard to Find Right Now–and How to Deal With the Shortage | Inc.com and The chip shortage is boosting US manufacturing: What you need to know – CNET for scaling your thinking) most people are oblivious to the deliberate California policy changes that have resulted in Port of Los Angeles container traffic dropping nearly 8% compared with the same period a year ago.
That said, Ports of LA and Long Beach put container dwell fee on hold for another week. Even though there may be a smidgeon of progress, from the dock to the local store shelves can be 60-90 days. Democrats still have a rail stranglehold.
Covid: Reality and Hype
The ‘rona is, as we explained more than a year ago, a bioweapon. And yes, Fauci lied to Congress. Why Rand Paul hasn’t pursued this, astounds us.
But you’ll need to ensure again that your personal bullshit filters are snugly fitted. Because fake news is drawn to Covid.
One example – currently making the rounds – is the assertion that a German doctor plunged to his death because he didn’t want to “be part of the genocide.” Antivaxxers have been sharing this all over the place. All for a global dictatorship, goes the meme.
But when we go back upstream a bit? Watch out for this supposed anti-vaccination farewell letter from a German doctor – suggests the Teller Report. Could be a case of creative “fake news.”
On the other hand, extremely credible is the case of Dr. Paul Marik, who is suing a hospital for banning him prescribing treatments that work for patients. There was a press release on it recently and a court hearing last week. We expect the decision will come out this week.
War Planned to Solve It All
We know Joe Biden has enough pull to get a prosecutor in Ukraine fired. And we know Ukraine is buddying-up to anyone with military hardware… But things become more serious as Ukraine is working the money crowd. As in Shmyhal on IMF tranche: We have confirmed Ukraine’s status as reliable partner (ukrinform.net).
Russia meanwhile continues to pour forces into the region: Russian-controlled forces in Donbass raise combat readiness – Ukraine | Reuters. But, as one would expect, Russia goes into denial while working up logistics. Russia dismisses claims of Ukraine invasion plans (yenisafak.com).
On the other hand, Vlad Putin likely sees Warmonger Joe’s latest move as a direct challenge: US considering providing ex-Afghan Mi-17 helicopters for Ukraine (defence-blog.com). Logistics!
We will estimate that before the end of December, Vlad Putin will call up Russian reservists and begin moving them forward. At which time, the war drums will be heard on Wall Street.
Laughably, EU border agency: ‘Illegal border crossings’ on the rise | AP News. Seems the media is incapable of reminding us of the Biden border disaster, but if in Europe? Everyone wring hands!
The Future Darkly
What most will miss is what’s firming up: a triple-shot of bad ju-ju.
Land war on the EU’s prize real estate, China “re-unifying”, and a major spike in Covid hype to control the US pop and double-fund Big Pharma. Which in turn will support dems in the 2022 election cycle. It’s just how the circular money and favors game works.
Somewhere in there, and check G.A. Stewart’s site for additional clues, a “city trade” nuke exchange in 2022 could set off the whole “false peace” which we KNOW will be confirmed when ex-president Obama comes out of retirement to attempt to broker a (short-lived) peace before the bigger war light-offs in 2023-2025.
While you’re at it, do realize Stu is one of the critical people who has been keeping the “tip of America’s spear” sharp for 20+ years. He’s in a potentially career-ending battle right now with his (cowardly) employer. The employer is demanding he jab-up. He has no intention of doing so. The employer is illegally practicing medicine without a license.
The way I figure it, a huge wrongful discharge line of lawsuits is likely. As egotistical employers rid themselves of more expensive workers (and pocket pension savings?) despite the OSHA enforcement being on hold.
Yet this gets me to the whole point – in making the rounds of the Asylum today: The reason fake news (it’s a genocide and globalist takeover) resonates is that the lies are at every turn. Paying for Covid “cures that don’t” and the whole ball of wax.
CDC and the FDA have likely cleverly manipulated their data to give a false impression. You literally can’t die of vaccine side effects until you’ve had the vax onboard long enough to pass the highest risk window for adverse reactions.
Notwithstanding official claims otherwise, online interest in the search term “died suddenly” is still climbing in Google Trends:
Statistically challenged (remember, math is racist?) people don’t question “experts.”
It’s all sadly reminiscent of Hitler’s rise to power. And so, just as we have been papering over an economic Depression with massive printing of scrip, so too, the present round of cyclical human behaviors will end most certainly in a flashy display of ‘shrooms.
We continue to recommend the core UrbanSurvival philosophy: Don’t live for maximum gains, live for minimal losses. 2022 promises only a few losses. But they will be harbingers of worse to come.
OK, what would you expect him to say? Dogecoin is not good for the crypto market, Ripple CEO says. (Feign shocked expression…)
Environmentalists to go nuts, begin attacking infrastructure? Pipelines may be ‘blown up’ if no action taken – environmentalist guru Suzuki… Luddites, every century has ’em…
Speaking of nuts: Chief: No evidence parade-crash suspect knew anyone on route | AP News.
Did AOC get a chance to vote in this? Venezuela: Nicolas Maduro’s ruling party sweeps regional vote | DW
And follow the evolution of something we call MobRob: California looters target mall, take over jewelry store (kobi5.com) which comes on the heels of After Nordstrom robbery in California, will other retailers be next? Experts say yes. (yahoo.com). Think we’re seeing the answer.
Yet another reason why too much computing is bad for you.
More tomorrow on our Peoplenomics.com subscriber pages. Including the business plan for SpiritualDevices.com.
Half-assed and hung-over column likely Thursday, a tryptophan snoozer’s worth Friday and God knows what else as the holiday rolls through and I get some time to play in the shop.
My kids who knows where Thursday and Elaine’s boys – scattered to the winds – probably means seconds for Zeus-the-Cat. And a cordial or two with neighbors.
Speaking of which, better take the bird’s temp. Bet you didn’t know their living temp runs from 105-107F, didja?
Write when you get rich,