UBI: - Universal basic income. - Universal banker's' insurance (literally). - Ungodly bloody institute. On Fri, Apr 10, 2020 at 11:07:44AM +1000, Zenaan Harkness wrote:
Here's that extra $4 trillion for ya :)
Gold Soars Along With Everything Else As Fed Ends Capital Markets As We Know Them https://www.zerohedge.com/markets/stocks-gold-surge-fed-announces-end-capita... .. Simple! - The Fed injected $440BN in last week, total is now $6.3 trillion
On Fri, Apr 10, 2020 at 11:05:33AM +1000, Zenaan Harkness wrote:
On Thu, Mar 26, 2020 at 08:18:48PM +1100, Zenaan Harkness wrote:
And some of us thought this QE5 would "be lucky to last 6 months."
Welp, how's 1 (as in, ONE) week grab ya?
Wow.
$1.2 trillion in past two weeks, $2 trillion "stimulus/ COVID rescue" bill, and infinity $$ printing going forward.
Global martial law in two weeks is now looking possibly optimistic, as in, we might be in for escalation by next week even... possibly, but quite possibly probably it seems.
This is end game (reset time), folks, we're talking may be a few weeks. If you failed to hedge any real wealth with some physical gold purchases, you're most likely S.O.L. right about now...
So grab any physical asset you can. Does not matter that real estate prices may collapse 10 fold in the coming couple of months, a debt free R/E title is a hell of a lot more physical that some numbers in "your" bank's computers. "Bail in" and all...
Good luck with any substantial asset purchase in this climate -> at this point, it's safe to say, if you haven't done what you "always knew" you should do, you are well behind the 8 ball, and probably too late.
Fed Buys $587 Billion In Bonds In Past Week, 2.7% Of GDP, Just As Foreign Central Banks Start To Liquidate https://www.zerohedge.com/markets/fed-buys-587-billion-bonds-past-week-27-gd...
And just like that, $400 billion, became a trillion, became $2.3 trillion, became $6.3 trillion!
Another 2 weeks, another doubling - this time to (of course) $4 trillion moar. And in another short time period it shall be $8 trillion, and Goldman's estimate of the Fed's "$10 trillion financialization asset book by the end of this [2020] year" goes up in a puff on conservative "shit, it's bigger ain't it?" smoke.
What's $4 trillion between a government and its interest payments anyway?
What the bankers don't seem to understand, and really ought to understand, is that an insanely wealthy top of the pyramid, to be sustainable over time (the whole point of the banking exercise), requires a strong base to the pyramid/hierarchy - we lowly folks (your extremely highly opinionated scribeler included of course) need dollars.
Why do we need dollars you ask?
Because we don't have many, of course. And no, that's NOT meant to be funny, stop chuckling already :)
And what good is it to bankers, for lowly plebes like "we truly" to have abundant dollars?
Because I/we spend those dollars of course - on a home, perhaps a vehicle, a tractor for those who would like to grow potatoes, a new laptop to replace my ageing 10 yr old clunker, a cool "libre laptop" assembling business, etc, etc, etc.
But again, I hear you ask, why is this useful to wealthy bankers?
Because (since yes, I know it's hard to understand simple things), that money which we deplorables spend, is being spent ultimately into bank accounts, on interest, on credit card repayments, on rent, and on crazy real estate prices -- thus propping up all your stupid banker financialization.
Oh how one who would hope to find God doth cringe at pointing out the obvious and necessary steps required by greedy people to prop up their stupid greed!
Did I mention greed is stupid? Because, cringe!
And just like that, with a snap o tha fingers, he justifies UBI.
I didn't want to justify UBI - really, truly! Bin holding out on that one for a couple years now - ever since some serious thought was put to the matter and the self evident so rudely encroached upon that lonely neurone.
This is actually a sad day for humans, since UBI shall likely template the majority into being satisfied with their golden cages in this world - "peace begets slothfulness" and all...
One can justify this with a "you get what you firetrucking deserve" or a "well it has been this way since time immemorial - only the few ever sought their maker within anyway" etc.
Cest la vie.