I wrote a blog post from February 7, 2021 called "The Economy is Nearing Collapse, Part 1: Exploding Government Desperation" where I chronicle the ever-increasing desperation of the government collosus (The Federal Reserve and US Govt) to prevent any kind of upset to markets.
Now, they are so afraid that even minor INTRADAY stock market volatility DICTATES POLICY STATEMENTS!!
Yesterday, May 4, 2021, Treasury Secretary Yellen spoke the obvious truth when she said that interest rates might have to rise to cool an overheating economy. This kind of comment used to be entirely orthodox and draw yawns. But yesterday, the Nasdaq dropped 3% from it's bloated bubble levels. THE HORRORS!! Then she basically said "Never mind, I didn't mean it!" I kid you not.
 |
| Tweet from @Northmantrader (Sven Henrich) from May 4 2021 |
Take a look at the Tweet from Sven Henrich above. Then, on Twitter, Sven notes that there are a total of 8 Federal Reserve flunkies speakers this week who will no doubt try to keep the ever-so-delicate market calm! Because we don't want to do ANYTHING to disturb the "market" ---- ESPECIALLY SINCE IT'S THE GREATEST BUBBLE IN MARKET HISTORY.
MUST. SAVE. STAWKS!
That's shear terror and fright at what THEY HAVE CREATED. It's an everything bubble that is now too big to fail. Central Bankers around the world have basically DESTROYED every bond market in the world -- with the possible exception of the long end of the US bond market -- where one can get a nominally positive yield (but NOT a positive yield considering inflation!). So, now the Stawk Market is the only game in town as companies continue to buy-back shares to boost bonuses earnings.
The known "joke" bitcoin Dogecoin now has a market cap of about $90 Billion dollars which puts it the Number 92 out of 500 of S&P500 company valuations. Remember, it was created as a joke and there's nothing backing any of these crypto-currencies. All this is widely known. It's just straight-up gambling -- JUST LIKE THE REST OF THE "MARKET." And the "Government" is doing EVERYTHING in it's power to keep all of this from falling apart, ie., the biggest part of the problem!
From my post "The Economy is Nearing Collapse, Part 1: Exploding Government Desperation" I said the following to conclude that post:
..... the desperation of the US Federal Reserve and the US Government manipulations to maintain the "everything bubble" is truly exploding in scope, frequency and magnitude. It's became clear that they can't exit these various markets or the financial system blows up. Thanks to huge amounts of liquidity and intervention, the stock and bond markets vaulted to new highs at the end of 2019 and into early 2021.
The leveraged bubble continues to build to the most extreme in history: truly astronomic levels. Recently, retail enthusiasm for stock market trading, and especially call buying, has become alarming in scope. Retail participation is usually the final straw of a bull market. When the market blows-up, if it's "allowed to," the devastation will be enormous -- thus the desperate means employed by "government."
Excess FIAT money tends to go "POOF" and to "money heaven." We could all be broke within days or weeks of market collapses.
When it stops, nobody knows. I guarantee you that there will be hell to pay. There's nothing but clowns to your left, jokers to your right:
"I got the feeling that something ain't right,
I get so scared in case I fall off my chair,
And I'm wondering how I'll get down the stairs,
There's clowns to the left of me,
Jokers to the right, here I am,
Stuck in the middle with you."
-Nitty Gritty Dirt Band
Our government without a doubt needs to go flat out belly up!! If you want to see just tell completely out of control not only the Democrats are but the Republican party also, start with the article I put below. But first, go watch Marjorie Taylor Greene on Tucker Carlsons new show on FOX �� NATION. Tucker had her on yesterday and her show is the one that comes up if you go on his platform today.
ReplyDeleteThroughout the show she’ll let you know beyond a shadow of a doubt, “THE ENTIRE REPUBLICAN PARTY IS CORRUPT TO THE CORE, SAVE FOR 3, NO MORE THEN 4 OF THEM IN THE HOUSE & SENATE.” during her show she runs down through a list of things that are in the next upcoming bill that boat party members are agreeing on besides her and Ted Cruz / Rand Paul, and Senator Josh Hawley. She is so right with every single word she said what is wrong with the Republican Party. And especially the Democrat Party.
“ Every member is completely out of touch with your every day American. The men and women that are in the House and the Senate are nothing more then spoiled little narcissistic brats. I want nothing more than to be able to take a belt to each one of them. Spank them so good, and then send them to their room for the rest of their life. I know some will laugh at my words but I cannot be more serious. After being in Washington the first 90 days I was scared.”
“I mean literally scared for my country because I have never in my life seen so many so out of control. We are in serious trouble Tucker. Serious trouble. And the first politician to come along in our generation was President Trump that tried to do all he could. He admitted to me more than once, marjorie I really should have ran 20 years ago, 30 years ago.”
“But even if I could win back to back terms, it will take at least two more terms to straighten up this country and to clean out so many in the republican party that don’t need to be here and start with Mitch McConnell. And Marjorie, it pains me to say this but the majority of Republicans are as much of a traitor to the American people as the Democrats are.”
And what she had to say about immigration was completely spot on and also everything President Trump told her.
“ One of the things I really regret was not being able to follow through on expelling all the millions of illegal aliens that had been in our country for years. How do you know we really don’t know how many are here but I suspect it’s at least 30 million. And the Republican party is once again just as guilty as the Democrat party not controlling the border. Neither party has met one word on what they’ve had to say in the past on controlling it. “
“But not only does everyone that’s here illegally needs to be deported, but the 1965 immigration act needs to be swept away and re-institute the European immigration act. I also really regret not helping the white South Africans that are being murdered and they have been by the hundreds. But I couldn’t get any help from my own party for the first three years hardly on anything.”
(here is what is on Fox 🦊 News Com right now.)
ReplyDeleteIf anybody wants to see just how out of control both parties are, then go to this article that you can locate very quickly by simply googling the words in parentheses.
“ Lawmakers want billions in government spending on unusual projects. Fox News investigation finds.”
“EXCLUSIVE: $1,750,000 to spruce up the Japanese Garden in Portland. $436,100 for a "meditation and restorative yoga" program in New Jersey. And $250,000 to expand the Michelle Obama Library in California. “
“Democrats and Republicans in Congress have asked for at least $6 billion in additional funding for local projects ahead of the upcoming federal budget, Fox News can reveal exclusively. There are also millions of dollars, collectively, earmarked for public arts programs, climate change initiatives and Planned Parenthood.”
(in 2014 ever Republican that was up for reelection put out a list of everything they said they would defund if! If! we reelected them to Congress. The Republican voter not only made sure they got Congress but also the Senate. But in 2016 President Trump won the presidential election.
( this piece of shit party did not defund Planned Parenthood like they said they would, nor the NEA!! National Education Association. Nor the PBS! Nor The National Endowment For The Arts! it was a list if I recall correctly, right at 14 different items. All of them pledged to defund if, if they could just get the house and the senate. Well the Republican voter turned out like nobody has seen in this generation because Obama got elected the first time.)
(Just so the reader will know Congress banned earmarks in 2011. But make no mistake about it, the few times that both parties work together, they did to bring back earmarks back!!!)
(The republican party can never ever say they are the party for fiscal responsibility!!!! They are not!! we either need a new party or need to clean out the republican party except for about three or four!!! I am personally for a new party. Stab this one in the heart!!!)
Oilfield, there is no hope for the country: Clowns ON the Left, Jokers ON the right.
ReplyDelete