Stop Financing Your Enemy

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Inaut

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Yep...I think the crash is coming in the new year. Likely Q2
 
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Birdie

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Joined
Aug 10, 2012
Messages
5,783
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Here's a newsletter I get. I tried to get rid of the ads without deleting the whole newsletter..!
Bill Bonner’s Diary

When Anything Goes, Everything Goes

By Bill Bonner
Friday, September 24, 2021
Bill Bonner
BALTIMORE, MARYLAND – What we’ve been looking at this week is “how the world ends.”
And today, we meet a woman who intends to kill it – the exterminating angel herself – Saule Omarova.
Born in Kazakhstan, educated in Moscow, Madison, and Chicago, and now nominated by the Biden Team to head up its OCC (Office of the Comptroller of the Currency)…
…Ms. Omarova makes no effort to disguise what she is up to. She says she aims to “effectively ‘end banking’ as we know it.”
That is, she wants to replace an entire industry – one that evolved over hundreds of years, thanks to the efforts of thousands of innovating, competing bankers… who served millions of willing customers – with some monster of her own invention.
Recommended Link
--

Redesigning Finance​

But destroying “banking” is just the beginning of her ambitions.
She has never worked for a bank, never run a business… never satisfied a customer, started a company, or “made payroll” for one…
…and never even held a job outside of academia or the law (we’re not counting her time as “special adviser” for Regulatory Policy to the Under Secretary for Domestic Finance in 2006-2007 as a real job).
And yet, she thinks she knows what is best for you, and 330 million other Americans (and perhaps the whole world)… and intends to give it to us, whether we want it or not. She explains:
My new working paper […] advocates a comprehensive reform of the structure and systemic function of the Fed’s balance sheet as the basis for redesigning the core architecture of modern finance. It offers a blueprint for transforming the Fed’s balance sheet into what it calls the People’s Ledger: the ultimate public platform for generating, modulating, and allocating sovereign credit and money in a democratic economy.
Holy moly. She thinks modern finance was “designed”… and that she has the right to redesign it, allocating money as she sees fit.
Yes, she proposes to be the decider, not just for the government, but for the private sector, too.
In particular, she proposes setting up something similar to the Gosplan in the Soviet Union, a “National Investment Authority,” (NIA) that would be responsible for “formulating, financing, and executing a coordinated strategy of sustainable and socially inclusive economic development.”
In other words, the feds have made such wonderful investments these many years… let’s give them more money to invest!
[Featured: Musk, Cuban, Branson and 7 of the World’s Biggest Banks ALL Piling Into THIS New Tech]

Soviet-Era Import​

But wait, there’s more…
The NIA “would act directly in financial markets as a lender, guarantor, securitizer, and venture capitalist with a broad mandate to mobilize, amplify, and direct public and private capital to where it’s needed most.”
Yes, she’s proposing a Gosbank, the Soviet Union’s central bank, too.
And why not? Central planning worked so well in the Soviet Union. How nice of Ms. Omarova to bring it with her – to America. And now, like kudzu or the spotted lanternfly, it’s taking over.
How’s that for the End of the World As We Have Known It?
Recommended Link

--

Anything Goes​

Of course, the world itself is not really ending. So what if inflation goes to 3% or 5%… or 10%, for that matter? So what if the feds waste a few trillion dollars more? And who cares if another moron goes to Washington?
We Diary readers are mostly older and mostly white; we have our savings, our stocks, our pensions, our insurance policies… and even Social Security to support us. And our houses are much more valuable than they used to be.
So we won’t be too hurt in the next crisis, will we?
Besides, we’ve already been through three crises so far this century… What's another one, more or less?
And yet, here we are… on the other side of the Rubicon. The fundamental principles that guided the American Republic – the rules and institutions we grew up with – are being chucked in the river.
[Featured: Does Biden want to spy on your bank account?]
Now, it’s “anything goes.” And when anything goes… everything goes with it.
The next major selloff will probably give Ms. Omarova the crisis she is looking for. And it may not be far off. The Chinese are facing a 1929-style debt crisis. The U.S. is up against its own debt ceiling; if it isn’t raised, experts say the results will be “catastrophic.” There will be panic and hysteria.
Then, the OCC chief – and other elite world-improvers who created the problem – will tell us how capitalism and free markets have failed…
…and roll out their cockamamie solution.

Gates of Hell​

Let’s look at how it might play out.
Inflationary increases of 3%… or 5%… won’t mean much – in themselves.
But house prices are already rising at 18% year-on-year. Producer prices are up at an annual 8% rate. And now that inflation is out of the bag, it will be impossible to stuff it back in.
In the next crisis, this inflation will add a critical new dimension to the Federal Reserve’s problems.
That is, as in the last three crises of this century, the Fed will come riding to the rescue. It will “print” more money and try to boost stock prices – just as it did in 2001, 2009, and 2020.
But in none of those cases was inflation a problem, too.
And when investors see the Fed supporting the economy with more money – as it must – it will be obvious that the Fed is trapped.
Inflate or die.
The Fed will inflate… and let the dollar (and bonds) die.
Obituaries for the bond market will appear in every financial publication. An even greater panic will take hold. Different political factions will clash in the streets. And the masses will turn their tired eyes to Washington, pleading… “Help us… Save us… Touch us… Heal us.”
And then, like Vladimir Lenin arriving in Petrograd in 1917… or Fidel Castro washing up on the shores near Niquero, Cuba, in 1956, Ms. Omarova’s hour will come around at last.
And guided by crackpots and grifters… the U.S. will step gingerly through the gates of Hell, like so many nations before it.
More to come…
Regards,
signature
Bill

Like what you’re reading? Send your thoughts to [email protected].

FEATURED READS​

Bank of England Says Inflation Will Top 4%
U.K. inflation is expected to rise above 4% by the end of the year, fueled by rising energy costs. This forecast came as the Bank’s Monetary Policy Committee held interest rates at 0.1%. The Bank of England has revised down its expectations for economic growth in the current three month period…
The Labor Market Struggle Continues
The number of Americans filing first-time claims for unemployment rose last week to 351,000. Restaurants, in particular, struggle with staff shortages and create hiring incentives, where potential employees are taking a “wait and see” approach to their job searches.

MAILBAG​

Pushback from one dear reader on “the end of the world as we know it”… meanwhile, other dear readers share their thoughts on the U.S. virus situation…
Back in the 1970s, I followed the likes of Howard Ruff, Harry Brown, Richard Russell, and others. Doom-and-gloomers (except Harry Brown). Yes, I expect trouble and tragedy ahead. But I do not expect the end of the world as you do (or they did). Yes, the possibilities are endless. But what you are imagining is just that, imagination.
You don’t know what is coming and you don’t know how people in the USA will respond to it. I tend to agree that our government is out of control but that does not mean that everything we know goes to hell and a hand basket.
– Steven A.
I grew up during the Vietnam era. My parents taught us about responsibility to yourself and others. For some reason the parents and institutions of my generation failed to instill it in our future. Much of the advances in technology have not been taught to benefit or complement society but to promoted individualism.
– Mike M.
What a fascinating juxtaposition. Bill’s short and sweet synopsis of USA vs. China economics for 40 years. Then letters about the virus. The world and country death counts, and the state death counts, suggest that vaccine or no, lockdown or no, facemask or no… the results are approximately the same. Some outliers in each direction.
I believe all discussions about the virus are akin to the musicians on the deck of the Titanic arguing about which piece to play.
– Greg S.


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Doc Sandoz

Member
Joined
Jun 21, 2020
Messages
821
Does anyone know the name of the obese banker with the heavy accent who appears in Catherine Austin Fitts and other videos explaining how the new central bank digital currency system will mean the banks know and control where every $100 goes, unlike the present currency situation. I'm looking for that video clip of him, know it's buried in one or more of the videos about the Great Reset posted to the forum, but can't seem to find it. A link or any clues are most appreciated.
 

Lollipop2

Member
Joined
Nov 18, 2019
Messages
5,267
Here's a newsletter I get. I tried to get rid of the ads without deleting the whole newsletter..!
Bill Bonner’s Diary

When Anything Goes, Everything Goes

By Bill Bonner
Friday, September 24, 2021
Bill Bonner


BALTIMORE, MARYLAND – What we’ve been looking at this week is “how the world ends.”
And today, we meet a woman who intends to kill it – the exterminating angel herself – Saule Omarova.
Born in Kazakhstan, educated in Moscow, Madison, and Chicago, and now nominated by the Biden Team to head up its OCC (Office of the Comptroller of the Currency)…
…Ms. Omarova makes no effort to disguise what she is up to. She says she aims to “effectively ‘end banking’ as we know it.”
That is, she wants to replace an entire industry – one that evolved over hundreds of years, thanks to the efforts of thousands of innovating, competing bankers… who served millions of willing customers – with some monster of her own invention.​
Recommended Link
--


Redesigning Finance​


But destroying “banking” is just the beginning of her ambitions.
She has never worked for a bank, never run a business… never satisfied a customer, started a company, or “made payroll” for one…
…and never even held a job outside of academia or the law (we’re not counting her time as “special adviser” for Regulatory Policy to the Under Secretary for Domestic Finance in 2006-2007 as a real job).
And yet, she thinks she knows what is best for you, and 330 million other Americans (and perhaps the whole world)… and intends to give it to us, whether we want it or not. She explains:

Holy moly. She thinks modern finance was “designed”… and that she has the right to redesign it, allocating money as she sees fit.
Yes, she proposes to be the decider, not just for the government, but for the private sector, too.
In particular, she proposes setting up something similar to the Gosplan in the Soviet Union, a “National Investment Authority,” (NIA) that would be responsible for “formulating, financing, and executing a coordinated strategy of sustainable and socially inclusive economic development.”
In other words, the feds have made such wonderful investments these many years… let’s give them more money to invest!
[Featured: Musk, Cuban, Branson and 7 of the World’s Biggest Banks ALL Piling Into THIS New Tech]

Soviet-Era Import​


But wait, there’s more…
The NIA “would act directly in financial markets as a lender, guarantor, securitizer, and venture capitalist with a broad mandate to mobilize, amplify, and direct public and private capital to where it’s needed most.”
Yes, she’s proposing a Gosbank, the Soviet Union’s central bank, too.
And why not? Central planning worked so well in the Soviet Union. How nice of Ms. Omarova to bring it with her – to America. And now, like kudzu or the spotted lanternfly, it’s taking over.
How’s that for the End of the World As We Have Known It?​
Recommended Link

--


Anything Goes​


Of course, the world itself is not really ending. So what if inflation goes to 3% or 5%… or 10%, for that matter? So what if the feds waste a few trillion dollars more? And who cares if another moron goes to Washington?
We Diary readers are mostly older and mostly white; we have our savings, our stocks, our pensions, our insurance policies… and even Social Security to support us. And our houses are much more valuable than they used to be.
So we won’t be too hurt in the next crisis, will we?
Besides, we’ve already been through three crises so far this century… What's another one, more or less?
And yet, here we are… on the other side of the Rubicon. The fundamental principles that guided the American Republic – the rules and institutions we grew up with – are being chucked in the river.
[Featured: Does Biden want to spy on your bank account?]
Now, it’s “anything goes.” And when anything goes… everything goes with it.
The next major selloff will probably give Ms. Omarova the crisis she is looking for. And it may not be far off. The Chinese are facing a 1929-style debt crisis. The U.S. is up against its own debt ceiling; if it isn’t raised, experts say the results will be “catastrophic.” There will be panic and hysteria.
Then, the OCC chief – and other elite world-improvers who created the problem – will tell us how capitalism and free markets have failed…
…and roll out their cockamamie solution.​
Recommended Link
--


Gates of Hell​


Let’s look at how it might play out.
Inflationary increases of 3%… or 5%… won’t mean much – in themselves.
But house prices are already rising at 18% year-on-year. Producer prices are up at an annual 8% rate. And now that inflation is out of the bag, it will be impossible to stuff it back in.
In the next crisis, this inflation will add a critical new dimension to the Federal Reserve’s problems.
That is, as in the last three crises of this century, the Fed will come riding to the rescue. It will “print” more money and try to boost stock prices – just as it did in 2001, 2009, and 2020.
But in none of those cases was inflation a problem, too.
And when investors see the Fed supporting the economy with more money – as it must – it will be obvious that the Fed is trapped.
Inflate or die.
The Fed will inflate… and let the dollar (and bonds) die.
Obituaries for the bond market will appear in every financial publication. An even greater panic will take hold. Different political factions will clash in the streets. And the masses will turn their tired eyes to Washington, pleading… “Help us… Save us… Touch us… Heal us.”
And then, like Vladimir Lenin arriving in Petrograd in 1917… or Fidel Castro washing up on the shores near Niquero, Cuba, in 1956, Ms. Omarova’s hour will come around at last.
And guided by crackpots and grifters… the U.S. will step gingerly through the gates of Hell, like so many nations before it.
More to come…
Regards,​
signature
Bill

Like what you’re reading? Send your thoughts to [email protected].



FEATURED READS​


Bank of England Says Inflation Will Top 4%
U.K. inflation is expected to rise above 4% by the end of the year, fueled by rising energy costs. This forecast came as the Bank’s Monetary Policy Committee held interest rates at 0.1%. The Bank of England has revised down its expectations for economic growth in the current three month period…
The Labor Market Struggle Continues
The number of Americans filing first-time claims for unemployment rose last week to 351,000. Restaurants, in particular, struggle with staff shortages and create hiring incentives, where potential employees are taking a “wait and see” approach to their job searches.​

MAILBAG​


Pushback from one dear reader on “the end of the world as we know it”… meanwhile, other dear readers share their thoughts on the U.S. virus situation…





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Get Instant Access​

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Rogue Economincs
Rogue Economics
55 NE 5th Avenue, Delray Beach, FL 33483
www.rogueeconomics.com
To ensure our emails continue reaching your inbox, please add our email address to your address book.

This editorial email containing advertisements was sent to [email protected] because you subscribed to this service. To stop receiving these emails, click here.

Rogue Economics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice.

To contact Customer Service, call toll free Domestic/International: 1-800-681-1765, Mon–Fri, 9am–7pm ET, or email us here.

© 2021 Rogue Economics. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Rogue Economics.​
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Strong. People wake up.
 
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Peatness

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Free The Continent From The New World Order & The Central Bank​


View: https://rumble.com/vn5bi1-south-africas-highest-court-set-to-free-the-continent-from-the-new-world-or.html


This is the biggest case in the world right now. Not only are the People of South Africa seeking a ruling to hold their President and Parliament liable for the damages inflected by the Globalist's Covid-Crime Against Humanity, but they are also seeking a ruling that will liquidate their Central Bank in order to pay damages suffered by the People.

Where South Africa goes, so does the entire Continent. This victory will free the People from the Debt-Slavery imposed by the Central Bank fiat-currency system, establish a gold-backed dollar, eliminate corrupt political parties, and establish Africa as the home base from which to begin the Nuremberg 2.0 trials for the Crime Against Humanity that's been inflicted upon the entire world.

This could be the big breakthrough event that the world has been praying for. If the South African Constitutional Court was completely corrupted as the rest of the world, this case would never have gotten to where it is.
 

Inaut

Member
Joined
Nov 29, 2017
Messages
3,620

Free The Continent From The New World Order & The Central Bank​


View: https://rumble.com/vn5bi1-south-africas-highest-court-set-to-free-the-continent-from-the-new-world-or.html


This is the biggest case in the world right now. Not only are the People of South Africa seeking a ruling to hold their President and Parliament liable for the damages inflected by the Globalist's Covid-Crime Against Humanity, but they are also seeking a ruling that will liquidate their Central Bank in order to pay damages suffered by the People.

Where South Africa goes, so does the entire Continent. This victory will free the People from the Debt-Slavery imposed by the Central Bank fiat-currency system, establish a gold-backed dollar, eliminate corrupt political parties, and establish Africa as the home base from which to begin the Nuremberg 2.0 trials for the Crime Against Humanity that's been inflicted upon the entire world.

This could be the big breakthrough event that the world has been praying for. If the South African Constitutional Court was completely corrupted as the rest of the world, this case would never have gotten to where it is.

Thanks Pina :) We will keep praying!!
 

Lollipop2

Member
Joined
Nov 18, 2019
Messages
5,267

Free The Continent From The New World Order & The Central Bank​


View: https://rumble.com/vn5bi1-south-africas-highest-court-set-to-free-the-continent-from-the-new-world-or.html


This is the biggest case in the world right now. Not only are the People of South Africa seeking a ruling to hold their President and Parliament liable for the damages inflected by the Globalist's Covid-Crime Against Humanity, but they are also seeking a ruling that will liquidate their Central Bank in order to pay damages suffered by the People.

Where South Africa goes, so does the entire Continent. This victory will free the People from the Debt-Slavery imposed by the Central Bank fiat-currency system, establish a gold-backed dollar, eliminate corrupt political parties, and establish Africa as the home base from which to begin the Nuremberg 2.0 trials for the Crime Against Humanity that's been inflicted upon the entire world.

This could be the big breakthrough event that the world has been praying for. If the South African Constitutional Court was completely corrupted as the rest of the world, this case would never have gotten to where it is.

WoW Huge!!
 
OP
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Peatness

Guest
Wasn't able to get cash today. My local HSBC has closed it's counters and all the case machines were out of service. Interesting.
 
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