Later today, but not much later, The Fed board of governors will hold what sounds very much like an emergency meeting—it’s being held under “expedited procedures” and the public is referred to Rule 261b.7 for clarification on that score:Thanks for reading Meaning In History! Subscribe for free to receive new posts and support my work.
RT reports China warning State Banks to get ready for a massive dollar dump to shore up the Yuan. Can't share link as I found a back door to RT when they banned it. Credit Suisse, Deutche Bank tanking, B.O.E shoring up pensions through QE - certainly feels like we are in end times - again...
A lot of talk on blogs, social media, substacks, etc. Until people like Fauci, Birx, Rochelle W, the heads of Moderna, Pfizer, weak-kneed or complicit governors, i.e., everyone involved in this draconian bullcrap pays a stiff price its all just bluster. Lest I be misunderstood by any fed-types monitoring things, by "stiff price" I mean financial pain, professional pain, public shame, etc. I do not think violence should befall these people.
I know it isn't an apt analogy at all but here it is - Hundreds of Germans, Ukrainians, Latvians and other scum took active part in eliminating Jews, gypsies, Russian POWs and others from the General Government, the Wartheland, Western Russia and Europe generally. A vanishingly small number of them paid the price that should have been paid. Most of them went on to live almost normal lives afterward. No earthly negative consequences at all save maybe a rare guilty conscience. On a side note - I recently mentioned a book I just finished - The Reinhard Death Camps. Shocked to find out that a former commandant of Treblinka, Kurt "The Doll" Franz, lived in peace less than 50 miles from where I was stationed in Germany. Convicted in 1965 of the collective murder of 300,000 people he was released in 1993. Lived in peace for the last 5 years of his life and died in his bed.
What the "elite" did to and in this country (and the world) with their lockdowns and everything else was/is a crime. They hide in plain sight with little chance of any accounting for their malfeasance. Hell, Fauci - that little troll - reportedly advanced his worth 5 million bucks. Birx gets a book and in it tells everyone what she did. What happens? Couple days in the "news" and down the memory hole it goes. Sickening.
Sorry for the rant but these people and this issue really angers the hell out of me. Large parts of my family have been, rhetorically speaking, blown to hell. Family gatherings that happened for decades are still non-existent. It grates on me every time I see articles and pieces that deal with these people - Fauci in particular.
Yes ,rant on, but when this Ponzi scheme collapses as I commented it will be the 'elite' who will be hurt the most, and we deplorables will be the survivors.
"Imperialist wars are waged to conquer lands, peoples, territories. Gangster wars are waged to remove competitors. In gangster wars you issue an obscure warning, then you smash the windows or burn the place down.
Gangster war is what you wage when you already are the boss and won’t let any outsider muscle in on your territory. For the dons in Washington, the territory can be just about everywhere, but its core is occupied Europe.
By an uncanny coincidence, Joe Biden just happens to look like a mafia boss, to talk like a mafia boss, to wear a little lopsided half smile like a mafia boss."
My, my but the spke genie really is creating problems for the elites isn’t it? Couldn’t have happened to a more deserving group of people!
Regarding the Fed’s meeting, are they cooking up the much vaunted “October Surprise”, that the Dems can say is Trumps fault and, of course, those evil Republicans.
Hours have gone by and no leak. This is probably serious. Something is falling apart which is prompting the Fed to halt their drive to impose some fiscal sanity. Traders are taking advantage...very short term.
Yeh, I think it’s probably serious too. I guess these people are the ones who thought they could keep this craziness up forever. Everybody in the real world knew that there would be a reckoning for fiscal insanity.
Today's Zerohedge has a headline "Central Bank Ponzi Creates "Massive Turbulence, Permanent Distortion": Nomi Prins." As this article states: "Heads up." Yes, the Western economy and markets are one gigantic Ponzi acheme, and the Fed, Central Banks and our governments must prop it up. When it collapses it will be the elites who are hurt the most. I don't have trillions to lose, massive debts nor any position in the world to maintain. Most of us will just muddle through, as we did in our previous Great Depression.
Completely get you on all the once-unwarranted-seeming gloom and doom on ZH. Now, I go there for ultimately-verifiable pieces of stories that nobody else seems to be reporting, for reasons now clear. Have adopted a general ZH policy of "take what you need and you leave the rest," as the song goes.
I have heard from multiple sources that the dollar's status as international reserve is the main reason why we never feel the inflationary cost of our wars and hand-outs: it gets passed on as dilution to all the schmucks holding dollar reserves.
It makes sense to me, but not to suggest that I grasp all the technicals.
But in addition to all the chatter about supply shocks and oil prices, if Russia and China can successfully stand up an alternative to the dollar and Swift network (easier for Russia than China due to dollar exposure), that will be another level of shock for our economy.
Yes, I read today that both banks have lost over 40% of their value in the past yr. The person that I was reading said that the failure of the western central banking monopoly is crashing the global economy.
I don't understand any of this at all - just hope my tiny local bank can weather the storm & keep my money safe for me. I am keeping more cash on hand than previously.
RT reports China warning State Banks to get ready for a massive dollar dump to shore up the Yuan. Can't share link as I found a back door to RT when they banned it. Credit Suisse, Deutche Bank tanking, B.O.E shoring up pensions through QE - certainly feels like we are in end times - again...
A lot of talk on blogs, social media, substacks, etc. Until people like Fauci, Birx, Rochelle W, the heads of Moderna, Pfizer, weak-kneed or complicit governors, i.e., everyone involved in this draconian bullcrap pays a stiff price its all just bluster. Lest I be misunderstood by any fed-types monitoring things, by "stiff price" I mean financial pain, professional pain, public shame, etc. I do not think violence should befall these people.
I know it isn't an apt analogy at all but here it is - Hundreds of Germans, Ukrainians, Latvians and other scum took active part in eliminating Jews, gypsies, Russian POWs and others from the General Government, the Wartheland, Western Russia and Europe generally. A vanishingly small number of them paid the price that should have been paid. Most of them went on to live almost normal lives afterward. No earthly negative consequences at all save maybe a rare guilty conscience. On a side note - I recently mentioned a book I just finished - The Reinhard Death Camps. Shocked to find out that a former commandant of Treblinka, Kurt "The Doll" Franz, lived in peace less than 50 miles from where I was stationed in Germany. Convicted in 1965 of the collective murder of 300,000 people he was released in 1993. Lived in peace for the last 5 years of his life and died in his bed.
What the "elite" did to and in this country (and the world) with their lockdowns and everything else was/is a crime. They hide in plain sight with little chance of any accounting for their malfeasance. Hell, Fauci - that little troll - reportedly advanced his worth 5 million bucks. Birx gets a book and in it tells everyone what she did. What happens? Couple days in the "news" and down the memory hole it goes. Sickening.
Sorry for the rant but these people and this issue really angers the hell out of me. Large parts of my family have been, rhetorically speaking, blown to hell. Family gatherings that happened for decades are still non-existent. It grates on me every time I see articles and pieces that deal with these people - Fauci in particular.
Yes ,rant on, but when this Ponzi scheme collapses as I commented it will be the 'elite' who will be hurt the most, and we deplorables will be the survivors.
Rant on. You’re expressing the feelings of millions!
Diana Johnstone wrote the other day:
"Imperialist wars are waged to conquer lands, peoples, territories. Gangster wars are waged to remove competitors. In gangster wars you issue an obscure warning, then you smash the windows or burn the place down.
Gangster war is what you wage when you already are the boss and won’t let any outsider muscle in on your territory. For the dons in Washington, the territory can be just about everywhere, but its core is occupied Europe.
By an uncanny coincidence, Joe Biden just happens to look like a mafia boss, to talk like a mafia boss, to wear a little lopsided half smile like a mafia boss."
https://consortiumnews.com/2022/09/28/diana-johnstone-omerta-in-the-gangster-war/
Seems like an apt comparison, doesn't it?
Yep. Gangsta nation. But it's increasingly coming to us right here at home. Courtesy of the FBI.
And DoJ--very little the FBI does happens without the DoJ being on board at some point.
No way. The Mafia sells protection. Your tax money isn't used to stop the criminals from preying on you.
My, my but the spke genie really is creating problems for the elites isn’t it? Couldn’t have happened to a more deserving group of people!
Regarding the Fed’s meeting, are they cooking up the much vaunted “October Surprise”, that the Dems can say is Trumps fault and, of course, those evil Republicans.
I know, I’m just waaay to cynical.
Hours have gone by and no leak. This is probably serious. Something is falling apart which is prompting the Fed to halt their drive to impose some fiscal sanity. Traders are taking advantage...very short term.
Yeh, I think it’s probably serious too. I guess these people are the ones who thought they could keep this craziness up forever. Everybody in the real world knew that there would be a reckoning for fiscal insanity.
Mark's latest post "Quick Hits From Tom Luongo" includes these lines:
"First up—Credit Suisse. Gotta luv Culy’s line—”Pivot or Credit Suisse comes home in a body bag."
"THE UNITED NATIONS IS CALLING ON THE FEDERAL RESERVE AND OTHER CENTRAL BANKS TO HALT INTEREST-RATE INCREASES"
'Nuff said.
Today's Zerohedge has a headline "Central Bank Ponzi Creates "Massive Turbulence, Permanent Distortion": Nomi Prins." As this article states: "Heads up." Yes, the Western economy and markets are one gigantic Ponzi acheme, and the Fed, Central Banks and our governments must prop it up. When it collapses it will be the elites who are hurt the most. I don't have trillions to lose, massive debts nor any position in the world to maintain. Most of us will just muddle through, as we did in our previous Great Depression.
Completely get you on all the once-unwarranted-seeming gloom and doom on ZH. Now, I go there for ultimately-verifiable pieces of stories that nobody else seems to be reporting, for reasons now clear. Have adopted a general ZH policy of "take what you need and you leave the rest," as the song goes.
I have heard from multiple sources that the dollar's status as international reserve is the main reason why we never feel the inflationary cost of our wars and hand-outs: it gets passed on as dilution to all the schmucks holding dollar reserves.
It makes sense to me, but not to suggest that I grasp all the technicals.
But in addition to all the chatter about supply shocks and oil prices, if Russia and China can successfully stand up an alternative to the dollar and Swift network (easier for Russia than China due to dollar exposure), that will be another level of shock for our economy.
Yes, I read today that both banks have lost over 40% of their value in the past yr. The person that I was reading said that the failure of the western central banking monopoly is crashing the global economy.
I don't understand any of this at all - just hope my tiny local bank can weather the storm & keep my money safe for me. I am keeping more cash on hand than previously.
I believe that's KD's point.