To quote JWB, "This thread is outstanding." The goal or the Fed is to be rational. If, as has been suggested, they are following the New York banks, it is because the New York banks are scared. Europe is a basket case. Our government is running wild, forgiving loans and spending money that doesn't exist, all the while discouraging productivity. Preserving some sort of a rational economy, even if only in America, is essential, and everything else will fall into place. There will be hardships, but there will be hope.
Powell is not willing to take the action necessary to fight inflation. Per shadowstats inflation is around 17%. The 9.5% official is manipulated. Just check your gas or grocery bill. And if he raises interest rates too high, it blows up the US deficit.
The world economy bus moving away from the dollar as the worlds reserve currency. Russian sanctions have substantially increased the pace of this.
Covid and build back better have created huge deficits due to no limit government spending.
Due to incredibly low interest rates / cheap money, many bubbles have built up in the us economy.
Quantitative Easing has increased the amount of US dollars in circulation. Since 2020 80% of all US dollars in circulation have been created:
My guess is Powell is ok with some inflation while deflating some dangerous bubbles, basically a soft landing for his member banks. While trying to not destroy the us economy or the Democrats through a major recession. Europe is not his problem. He does not care about the games Democrats are playing with immigration, energy, etc.
This thread is outstanding, and as someone who's been listening to Luongo for several months now, it's nice to see another source that backs up what he's been saying for the last year.
It does make me wonder, though. If they are correct about capital flight out of Europe - and most of the capital coming to the US - how does that accelerate the rate of illegal immigration? I would expect that global migration patterns to the U.S. might increase significantly should the U.S. appear to maintain a semi-stable economy with a strong dollar.
No, I don't buy those "White hat op" theories. Approval for the raid went up the line through multiple verifiable Black hats--with each shade of hat being darker the higher up the chain of authority/approval.
This is really good, accurate (I believe), and is in 100% agreement with what Luongo has said. This is a very strong argument against the CTH theory that the Fed is in cahoots with the European central banks. Quite the contrary. I would recommend, however, reading the full Phil Gibson article rather than the Twitter thread. The content is the same and the article is clearer and easier to understand. You won't have to wonder what a "Cantaloupe" is.
To quote JWB, "This thread is outstanding." The goal or the Fed is to be rational. If, as has been suggested, they are following the New York banks, it is because the New York banks are scared. Europe is a basket case. Our government is running wild, forgiving loans and spending money that doesn't exist, all the while discouraging productivity. Preserving some sort of a rational economy, even if only in America, is essential, and everything else will fall into place. There will be hardships, but there will be hope.
I read the linked article 3 times. My heads hurting.
Libor was being manipulated by European banks to keep interest rates down, as a life preserver for the Euro:
https://zerohedge.blogspot.com/2009/06/on-uselessness-of-libor.html?m=1
Powell is not willing to take the action necessary to fight inflation. Per shadowstats inflation is around 17%. The 9.5% official is manipulated. Just check your gas or grocery bill. And if he raises interest rates too high, it blows up the US deficit.
The world economy bus moving away from the dollar as the worlds reserve currency. Russian sanctions have substantially increased the pace of this.
Covid and build back better have created huge deficits due to no limit government spending.
Due to incredibly low interest rates / cheap money, many bubbles have built up in the us economy.
Quantitative Easing has increased the amount of US dollars in circulation. Since 2020 80% of all US dollars in circulation have been created:
https://bayourenaissanceman.blogspot.com/2022/01/since-january-2020-united-states-has.html?m=1
My guess is Powell is ok with some inflation while deflating some dangerous bubbles, basically a soft landing for his member banks. While trying to not destroy the us economy or the Democrats through a major recession. Europe is not his problem. He does not care about the games Democrats are playing with immigration, energy, etc.
This thread is outstanding, and as someone who's been listening to Luongo for several months now, it's nice to see another source that backs up what he's been saying for the last year.
It does make me wonder, though. If they are correct about capital flight out of Europe - and most of the capital coming to the US - how does that accelerate the rate of illegal immigration? I would expect that global migration patterns to the U.S. might increase significantly should the U.S. appear to maintain a semi-stable economy with a strong dollar.
Mark, off topic. What do you think of this argument: https://bioclandestine.substack.com/p/its-about-iran-the-iran-deal?utm_source=email
??
No, I don't buy those "White hat op" theories. Approval for the raid went up the line through multiple verifiable Black hats--with each shade of hat being darker the higher up the chain of authority/approval.
Thanks
This destroyed the article’s credibility for me:
“The FBI raid is a White Hat op“
Iran info from Trump - nobody cares.
Thanks
This is really good, accurate (I believe), and is in 100% agreement with what Luongo has said. This is a very strong argument against the CTH theory that the Fed is in cahoots with the European central banks. Quite the contrary. I would recommend, however, reading the full Phil Gibson article rather than the Twitter thread. The content is the same and the article is clearer and easier to understand. You won't have to wonder what a "Cantaloupe" is.
Thanks, Mark!