“Economy In Really Serious Trouble…” – Stephanie Pomboy
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8 Comments
Stephanie always reveals with acute accuracy the nature of the ponzi that inevitably arises when the state decides to depreciate the currency through interest rate suppression et al. monetary expansion machinations. The state, through its central bank, has unequivocally broken the moral contract (Judy Shelton), it promised to uphold – that the value of money – its purchasing power – would never falter.
There are only 2 culprits here. The central banks and the Treasury (s). And neither of these institutions pay the price for being wrong. That – right there – is, has, and always will be the problem. It's unbelievablely paradoxical that we have put in charge of the greatest responsibility 2 of the most irresponsible institutions we could ever imagine. And whether that's by design or accident, it really doesn't matter because the economic effects are the same – brutal and tragic.
The irony is that Stephanie has revealed the tip of the iceberg. We all remember how deep the ponzi of 2008 went. It went a lot further than AIG, Bear Sterns, and Lehman. Bernanke spent a lot more than $750B of TARP. Remember, it was Bernanke that personally traveled to various and many central banks around the world and bailed out their respective balance sheets. That is why we have the inflation that we have. Covid bailouts were just the last of many successive prior bailouts.
And so here we are. Same as it ever was. Same as it ever was. Same as it ever was (Talking Heads).
Perhaps we pushed the system to an undesirable but necessary limit. So that the shenanigans end.
The question ultimately boils down to this: do we monetize debt and bailout TBTF again, or do we reign in the economic insanity, theft, and trickery? Both events will suck, but one will suck more than the other.
You decide.
Looks like stolen content to me.
Most people don’t anticipate the social impact of a collapsing economy at the individual level. Expect job loss, debt, economic hardship and mental illness exasperated by stress to increase violence and crime. Protect yourself and your assets from burglary and robbery. A book called Dealing with Burglary and Home Invasion Robbery may help and is a good place to start. Economics have social consequences.
Stick to her face FFS
trump is destroying the dollar. China/BRICS are going to end up controling the world economy.
Great informed content. Why does no one look at NIIP (Net International Investment Position) together with the price of gold to determine a nation's solvency. Having done the calculation in 2020 for all G20 nations it would have had to be revalued at 40k/oz to bring the USA into balance. The situation is much worse now and perhaps 80k/oz is needed. However gradual steps in revaluation may be palatable as the World moves back to some form of gold standard.
If rates do start to go up you will see capital controls with 100% certainty 😮😮
Steph is great!!