A Date Which Will Live In Infamy

“YESTERDAY, December 7, 1941- a date which will live in infamy- the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan. […] I ask that the Congress declare that since the unprovoked and dastardly attack by Japan on Sunday, December 7, 1941, a state of war has existed between the United States and the Japanese Empire”

-President FDR, Dec 8, 1941 address to Congress

My Religion

I am no man’s man. I bark at no man's bid. I will never come and go, and fetch and carry, at the whistle of the great man in the white house, no matter who he is.” -Davy Crockett

Printing Money Lowers Interest Rates

Printing more money increases the amount of money that can be loaned than otherwise, thus lowering interest rates. Importantly, printing money creates bubbles. Bubbles are investments (stocks, housing, bonds) which are affordable to investors with lower interest rate loans but which are unaffordable with higher interest rate loans. When the interest rate rises, bubbles pop.

Ponzi Schemes

“Let’s be clear: Raising the debt limit is paying our old debts. It has nothing to do with new spending or what may be coming this year or other years.” 
-President Joe Biden, October 6, 2021.

$1.6 Trillion Reverse Repos

“Temporary open market operations involve short-term repurchase and reverse repurchase agreements that are designed to temporarily add or drain reserves available to the banking system and influence day-to-day trading in the federal funds market.

A reverse repurchase agreement (known as reverse repo or RRP) is a transaction in which the New York Fed under the authorization and direction of the Federal Open Market Committee sells a security to an eligible counterparty with an agreement to repurchase that same security at a specified price at a specific time in the future.”

-The Federal Reserve Economic Department’s website

Energy Problems

China and Europe are experiencing energy problems. In Europe, fossil fuel prices are spiking (it’s not even winter yet) and shortages are common. The Chinese government has cut the power to millions, leading to blackouts in parts of the country.

A Black Swan In China

Two black swans appeared from China over the weekend. Evergrande, China’s largest real estate investment group is going bankrupt and it has come to light that Fauci lied about funding research to create coronaviruses at the Wuhan Institute of Virology.

The Crisis

“These are the times that try men’s souls: The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of his country; but he that stands it now, deserves the love and thanks of man and woman.” -Thomas Paine, The Crisis, Dec. 19, 1776

August 15, 1971

"Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." -John Maynard Keynes, The Economic Consequences of the Peace (1919), Chapter VI pg 236

The Reign of Terror

Terrorism is the use of fear to manipulate people into obedience. Like during the French Revolution (1789-1799), terror is being used to control people today because the government is losing control as the debt is inflated away.

Critical Race Theory

Critical Race Theory (CRT) is the idea that the Constitution should be abolished because our laws are fundamentally racist; but, really it is because the Constitution is antithetical to Socialism (lockdowns). The lockdowns are being used to justify printing trillions of dollars to avoid defaulting on the debt.

BIS CBDC

The Bank for International Settlements (BIS) has come out in support of Central Bank Digital Currencies (CBDC). Is this somehow connected to Basel III gold regulations going into effect in the European Union on June 28, 2021?

More Than Transitory

“At its heart the research report debates whether inflation is transitory or the pursuit of these important social priorities by governments will mean inflation will have longer-term and far reaching implications for the health of the global economy. Either way, higher inflation is coming and policymakers are about to face their toughest battle in 40 years.” -Deutsche Bank

Transitory

The status quo is changing. Transitory inflation is seeming more permanent while permanent politicians are transitioning out of power.