An old joke about economists has one posed a question; “How has the French revolution affected world economic growth?” The economists answered; “Too early to say” (lol). Well, it is not too early to say how covid affected global growth. It made the rich much, much richer and it is creating a new slave class.
The Great Interruption A Shortage Of Everything
Largest margin call ever, negative interest rates in the US and another ship runs aground blocking a river in the UK all the while eyes were diverted to the Suez.
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Now 260ft cargo ship blocks river Arun in Sussex day after Ever Given freed https://salten.cz/2021/03/30/anything… A “Very Surprised” JPMorgan Calculates The Damage From The Archegos Collapse https://www.zerohedge.com/markets/ver… Overfly of Suez stacked ships https://twitter.com/i/status/13765702… “Enormous Legal Issues” – Next Chapter Of Suez Crisis Is To Add Up Damages https://www.zerohedge.com/markets/eno… The Hazardous Detour On The Road To “Recovery” Few Foresee https://www.zerohedge.com/markets/haz… GLOBALISM24 World Leaders Call For More Globalism In Wake Of Pandemic https://summit.news/2021/03/30/24-wor… A shortage of plastics could force a ‘fight for materials’ among retailers, car makers https://www.businessinsider.com/plast… February Texas freeze triggered global plastics shortage https://www.marketwatch.com/story/feb… Treasury Injects A Record $271 BIllion In Cash In One Day, Sending ST Rates Negative https://www.zerohedge.com/markets/tre… Everything shortage https://cms.zerohedge.com/s3/files/in… Manufacturing shortage https://cms.zerohedge.com/s3/files/in… There Is A Shortage Of Everything And Prices Are Soaring: What Happens Next https://www.zerohedge.com/economics/t…
This Is A Set Up..
An old friend reappears…Gregory Mannarino…..not because of his financial advice but because I like the cut of his jib. His financial advice is usual sound even what he says about BitCoin which has made a lot of people big profits. My objection to BitCoin is that it is an operation to suck in all the players and I think it is for that reason that the price of gold is being suppressed. As I have said before it is not my intention to offer financial advice but I like to follow what is happening because mammon rules the world. Gregory is entirely correct in what he says about the Central Banks and the Federal Reserve.
IMF Silently Creates New Money Layer, Why You Need to Leave the Banks: Willem Middelkoop
This was actually very informative -recommended viewing.
The International Monetary Fund’s special drawing right (SDR) – the international reserve asset created in 1969 to prepare for a new dollar crisis – is undergoing a renaissance with important worldwide repercussions says Willem Middelkoop, author of the Big Reset. “The announcement of the largest-ever increase in SDR allocations, which will greatly improve the liquidity of many developing nations, signals alignment between the US and China in a key area of global monetary power,” he tells our Daniela Cambone.
Ron Paul: Gold and Bitcoin are at risk of government crackdown (Pt. 1/2)
The best way to protect against economic turbulence is with hard assets like precious metals and real estate, but even these are under threat from the government, former Congressman and host of The Liberty Report, Ron Paul, tells Michelle Makori. “The government is a threat,” Paul said. “They will crackdown because they have the ability to do it. We had a taste of [a free society]. If you don’t know where to start, just start with the Constitution, that might give you an idea of what a free society is all about.” Paul noted that this “crackdown” could take the form of taxes.
0:00 – Biden’s stimulus plan
7:38 – Central banks losing independence?
14:35 – Protecting your wealth
16:05 – Crackdown on gold, Bitcoin
19:43 – How to combat financial bankruptcy