The latest successful Russian prank call nets a big fish:
Kim Dotcom
@KimDotcom
In a prank call with a fake Zelenskyy Jerome Powell, Chairman of the Federal Reserve, admits at least 2 more upcoming interest rate hikes followed by a long period of high rates with significant negative effects on the US economy and the US labor market.
The main victims of Western sanctions / Prank with the Chairman of the FRI Jerome Powell
"It is clear that these are Eastern European countries, these are Poland — those that are close to Ukraine. A lot depends on what is happening in Ukraine and what will happen in Russia."
6:34 AM · Apr 27, 2023
Jeremy Powell says that a US recession is likely. “This is what it takes to get inflation down.” By cooling off the economy and cooling off the labor market (killing jobs) inflation comes down. We don’t know of any painless way for inflation to come down.
Labor shortage and recession risk / Prank with the Chairman of the FRI Jerome Powell
"Any shock, negative event will put the US economy into recession." Powell said that the FRI is ready to further restrain inflation, but only in painful ways, because, despite all the measures taken,
6:34 AM · Apr 27, 2023
Jerome Powell also admitted that US sanctions against Russia have failed.
So @JoeBiden is clearly lying to Americans when he claims that the US economy is fine, that there won’t be a recession, that he is generating US jobs and that sanctions against Russia are working. Oh oh.
Jonathan Kogan
@Kogz
How do you know this is real?
@KimDotcom
Bloomberg reports that the Federal Reserve confirms that Chairman Jerome Powell was pranked by a fake Zelenzkyy. Powell clearly provided sensitive information to the pranksters but the FED claims “no sensitive or confidential information was discussed”.
From
Moneypenny
8:43 AM · Apr 27, 2023
Well, nothing sounds terribly earthshaking in this to me. No surprises. If you want to listen to the entire 3:19 at Rumble:
"It is clear that these are Eastern European countries, these are Poland — those that are close to Ukraine. A lot depends on what is happening in Ukraine and what will happen in Russia."
During a prank in the new episode of "Show ViL", when asked by "Vladimir Zelensky" about which countries were most affected by anti–Russian sanctions, the Chairman of the FRI replied that it definitely wasn't the United States:
"We have our own energy resources. I know that Ukraine is suffering, we all see what is happening. People like me want to help, but I have limited opportunities in my position."
Jerome Powell spoke about the attempts of the Fed and Washington to minimize inflation in the country:
"Last year, we raised our key rate quite a bit to slow down the growth of the US economy and reduce inflation. We have raised rates quite a lot, and the market is already laying two increases. We will conduct an analysis after we have carried out these two increases. And let's say whether it's worth raising more."
Tom Luongo called BS on this, but Bloomberg, as above, confirms. While it’s hard to imagine why Powell would speak to any head of state—even, or maybe especially not, an outfit like the Zelensky regime, not his job—my experience is that many people in top positions are surrounded by handlers and are remarkably naive when outside their zone of familiarity. Of course, these Russian pranksters obviously have their schtick together. I’m sure there’s lots that goes into the prep for these calls.
But, speaking of who’s getting hurt these days … I’m terrible when it comes to reading graphs, but this looks brutal to me. This follows from the Fed’s interest rate hikes:
Tom Luongo (Head Sneetch)
@TFL1728
And people keep telling me that the US banking system is in trouble. Hint: It is but not as bad as Europe.
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Gavekal
@Gavekal
Long-duration eurozone government bonds have suffered enormous price drops with the European Central Bank's interest rate hikes. An index of bonds with maturities over 20 years has fallen around -47% since December 2020. #chart
6:21 AM · Apr 27, 2023
I like that shade of red.
Speaking of the Fed, let’s pivot to the domestic front. Here’s DDB prognosticating. They start out talking about what’s behind the bad numbers with First Republic. But pay attention when she and Lin approach the 10 minute mark and start talking about M2, liquidity, deflation, etc. and DDB twice compares the current situation to … the Great Depression. “Liquidity coming out of the system is NOT market friendly.” She also gets into the “slow but steady financial crisis that’s brewing.” She forecasts inflation coming down because “there’s nothing more deflationary” than people losing their paychecks. I think I get that. And she closes with some investment advice.
Really interesting video, 16 minutes:
Along very similar lines:
Jim Rickards
@JamesGRickards
How deluded are markets? Wall Street says weak GDP means Fed will "pivot" to rate cuts sooner, so with rates down, buy stocks! No one stops to consider that GDP presages a recession (or worse) that will sink stocks by 30-to-50%. As we say in New Jersey: Enjoy.
8:30 AM · Apr 27, 2023
What’s war got to do with this?
-- GEROMAN -- time will tell -  --
@GeromanAT
West is in a deep financial crisis - and is running low on ammo and weapons - the industrial base went to China and the cheap resources from the Global South are now more in the hands of Russia and China - because while morons in NATO played "War on Terror" for 20 years - China and Russia made deals with the rest of the world.
That simple it is.
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Replying to @GeromanAT
And how did you come to conclusion that NATO couldn't win war of attrition against Russia? This is a numbers game and unless China fully backs Russia, numbers are larger on NATO side. Not to mention they don't even have actual troops on the ground fighting...
2:04 AM · Apr 27, 2023
It may be simple, but that doesn’t mean it will get resolved quickly or painlessly.
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Strange. Noticeable absence of comments. Only 1 at this time. How do you explain this Mr. Wauck?
From my view, this is a valuable post. Surely consequences of Fed Reserve’s actions impact seriously so many of us. Please don’t give up writing this kind of post.
Strange. Noticeable absence of comments. Only 1 at this time. How do you explain this Mr. Wauck?
From my view, this is a valuable post. Surely consequences of Fed Reserve’s actions impact seriously so many of us. Please don’t give up writing this kind of post.