Monitoring US Economy

cannonfodder

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Two Minutes To Midnight

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Even in Weimar Germany, there were multiple times, as the currency went from zero to a trillion over 4 or 5 years, where the Reichsbank pivoted. It was the Havenstein pivot. People were selling Gold to buy Reichsmarks.

It's the same thing we're watching now. The same dynamic where because the debt is so big, the deficits are so big, there's really only one way out of this.

You have to have significantly negative real interest rates for a sustained period of time, get debt to gdp down, from which the central bank can raise rates without blowing up the system.
 

karn

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First Solar Inc. has decided against building a new factory in the US, citing uncertainties regarding trade policy and tax incentives.
I get the feeling that the US is getting a lot of 3rd world style problems.
Lots of nimbys and court cases stalling infrastructure work.
Weird state tax and labour laws.
Bad infrastructure.
 

Two Minutes To Midnight

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Volt Bank in Australia collapses. I’m sure it’s going to be one of many financial institutions that won’t last. Be prepared for it folks. You already heard banks in China freezing (aka stealing) people’s money. Now, banks in Australia can’t stay afloat.

The FED is basically running a Ponzi scheme now and the Fedcoin rug pull is coming up.

photo_2022-07-02_20-17-40.jpg


They can't fight inflation or reduce the balance sheet.
 

WarmongerLSK

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Volt Bank in Australia collapses. I’m sure it’s going to be one of many financial institutions that won’t last. Be prepared for it folks. You already heard banks in China freezing (aka stealing) people’s money. Now, banks in Australia can’t stay afloat.

The FED is basically running a Ponzi scheme now and the Fedcoin rug pull is coming up.

View attachment 162452

They can't fight inflation or reduce the balance sheet.

The above says that the bank collapsed because it wasn't doing anything new and wasn't able to raise capital. Also it only has 6000 customers. Isn't that abysmally low for a bank. How are Feds responsible for this?
 

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