“This will be our Pearl Harbor moment, our 9/11 moment.” That was U.S. Surgeon General Jerome Adams on April 5, touring the Sunday morning shows to warn of the worst week yet for pandemic death in the United States.
Amidst the current hysteria of the covid-19 pandemic, talk of general chaos and economic collapse have taken the forefront of peoples’ minds.
This week, the markets took a 1000 point hit which was more than a little startling for many investors since the last 1000 point fall only happened three days prior… all in all bringing the financial markets to lows not seen since April 2008, and veering dangerously close to a precipice which has 1929 written all over it.
With Monday’s 1000 point stock market plunge the internet has been set ablaze with discussion of a new crash looming on the horizon. The fact that such a chain reaction collapse was only kept at bay due to massive liquidity injections by the Federal Reserve’s overnight repo loans should not be ignored. These injections which began in September 2019, have grown to over $100 billion per night… all that to support the largest financial bubble in human history with global derivatives estimated at $1.2 quadrillion (20 times the global GDP!).
China’s successful launch of its Long March 5 Rocket on December 26 was a powerful reminder of humanity’s true mission and higher nature as a species of reason and discovery which came at just the right moment as China/US tensions have fallen to new lows in recent months.
President Trump wants negative interest rates, but they would be disastrous for the U.S. economy, and his objectives can be better achieved by other means. The dollar strengthened against the euro in August, merely in anticipation of the European Central Bank slashing its key interest rate further into negative territory. Investors were fleeing into the […]
G.B. and D.W. sent along the articles I want to comment about today, and my commentary is, once again, off the end of the […]
The post THE PRODUCERS GO INTO BANKING, or WHERE DID ALL THOSE DOLLARS GO? appeared first on Giza Death Star.
