US economy

US economy

Two different views of the economy.  I think the bottom video is more accurate. He is working under the assumption that the Federal Reserve is incompetent. They are not incompetent, the Fed is crashing the economy on purpose.  They are doing their job.

The US Economy Is Apparently F*cked

The Unthinkable Just Happened (and It Has Dire Consequences)-7 min

 

Meanwhile…Russia’s currency weakened on Wednesday to trade close to 91 per dollar after depreciating almost 2% to levels last seen a month after the invasion of Ukraine in February 2022.  This is being blamed on the back-blow from the Wagner incident and Joe Blogs does his usual “The Russian [Chinese] Economy is collapsing” video.  We shall see. At the moment it seems a race to the finish line. Who will collapse first?   Russia coped very well with the sanctions after the SMO on 24 Feb 2022 and I should imagine that it will soon stabilize.

 

Financial Reset Begins

Financial Reset Begins

Very good short video. Recommended viewing.

If you thought the world was falling apart, buckle up as Jan 25, 2021 is when the LIBOR resets to zero and the global finance system begins a new system for derivatives called Secure Overnight Financing Rate (SOFR) which is part of the Great Financial Reset to disrupt all areas of life. Once in a multi-generation opportunity to reset the now defunct limitless debt expansion model where every resource on Earth will be catalogued and its use distributed on a need to use basis. 2021 is the real year of changes, 2020 was an introduction.

 

●▬▬▬ Story Links ▬▬▬● The Great Reset’ For Dummies https://www.zerohedge.com/geopolitica… GLOBAL RESET: WHEN YOU SEE IT, IT’S TOO LATE https://www.itmtrading.com/blog/updat… LIBOR transition: What you need to know https://www.refinitiv.com/perspective… Transition to sterling risk-free rates from LIBOR https://www.bankofengland.co.uk/marke… Transition to sterling risk-free rates from LIBOR https://www.bankofengland.co.uk/marke… SONIA interest rate benchmark https://www.bankofengland.co.uk/marke… On demand Liquidity RippleNet https://ripple.com/ripplenet/ SOLUTIONS FAILING FOR USD WHILE THE SHIFT TO SOFR STALLS https://www.itmtrading.com/blog/the-n… LIBOR to die 2021. Hurry up say regulators https://www.economist.com/finance-and… Easily Efficiently Cost-Effectively Instantly Move Money to All Corners of the World https://ripple.com SOFR’s growing use means it’s when it replaces LIBOR https://www.bloomberg.com/professiona… Largest Ever”: Fed Will Flood Market With Gargantuan $500 Billion In Liquidity To Avoid Year-End Repo Crisis https://www.zerohedge.com/markets/avo… Fed announces another $500 billion operation for overnight repo funding markets https://www.cnbc.com/2020/03/17/fed-a… The Fed injecting hundreds of billions into markets since September’s rate crisis https://markets.businessinsider.com/n… Another Look at the Federal Reserve’s Panic in September 2019 and Solutions to the Crisis https://www.globalresearch.ca/federal… Ripple Poised to Sell XRP for 21 More Years – Here’s How Much The end of Libor: the biggest banking challenge you’ve never heard of https://www.reuters.com/article/us-br… ISDA Common Domain Model (ISDA CDM)…..Why now? https://www.isda.org/2019/10/14/isda-… ISDA LAUNCHES IBOR FALLBACKS SUPPLEMENT AND PROTOCOL: NEXT STEPS AND ISSUES https://cms.law/en/gbr/publication/is… UK: ISDA Raises Starter Pistol On IBOR Transition Race https://www.mondaq.com/uk/commodities… Derivative contract Fallback Rates PDF https://www.isda.org/a/Y6SME/April-20… Alternative Reference Rates Committee (ARRC) https://www.newyorkfed.org/medialibra… LIBOR: FCA issues guidance on discontinuation; ISDA discusses pre-cessation triggers https://cleveland-co.com/libor-fca-is…