Money & Markets Report: July 21, 2022

191 Comments

    1. The vaccines have been wildly ineffective. Why anyone would role up their sleeve for any of this poison is unbelievable.

      1. Your view of the world is grounded in reality most people are less fortunate for one reason or another, be grateful, it will make you feel good.

  2. Hi Catherine, just wanted to say that phenomena in singular is “phenomenon”!

    Also, do you think this CSQR-SM social credit system technology that some are talking about has any validation?

    3. Yup, keep doing that. Bad habit. Thanks.

      Don’t know about CSQR-SM social credit system technology

      They don’t look ready to do something that complete worldwide. More likely to me that they will do an emergent process towards it. That said, there is a lot of covert power behind the scenes, so best to prepare for all possibilities.

  4. Hi Catherine,
    Mario Draghi in Italy resigned from office. Maybe a good sign that Central Bankers are running into problems?

    2. A whole slew of leaders who have used up their political capital are being moved out or castrated political. Look for a fresh wave ready for the next round – question is which ops are they going to promote? Pandemics or climate change or a bit of everything.

      1. If history is any guide meaner may mean more physcotic and less competent, the wise evil doers having withdrawn from the field hoping to keep their I’ll gotten gains, witness all the US Democratic politicians not contesting the next election. If you are correct perhaps Liz Truss for UK PM. Although if I were a betting man, I’m not, I’d predict Rishi the Bankster Sunak. Just when you thought we had reached peak crazy it just gets worse.

      2. very possible! I was wondering if Mario Draghi or the other political leaders didn’t perform up to expectations.

        1. I think Draghi did – but his political capital is spent. Question is whether a new face can buy a temporary extension of patience.

  5. Catherine, the United States Stock Market Index is trading at 31400 points today 7/21, according to Trading Economics macro models & analysts expectations, they estimate it to trade around 27000 in 12 months time (end 2023). I do not see any improvement in the markets until 2024-25, so we will see a lot of businesses closing & unemployment rising, towards a full recession. If you add to that our global socio-political unrest, we have a couple of very complex years ahead of us.

    1. Eastern shore of Maryland local bank, I withdraw $5000 in 50s all the time and transaction takes 2 minutes. The cash dispenser the teller uses will spit out the required amount of requested type of bill in 15 seconds. No fuss and no questions. I could even do it at drive thru. The smart person does not withdraw the maximum allowed. Just do 5k every week until your cash goal is achieved.

    2. That’s been exactly my concern now that banks make a big fuss about big withdrawals, and about which I found zero understanding by a manager to whom I raised this concern.
      Reminds me of El Salvador years ago, when it would go into troubled times, and tourism was down, someone at the airport would tip off someone waiting down the road, the only road out. Not that US corporations (big agriculture) making sure they had stamped their dominance down there and wrecking the value of food had anything to do with the turmoiled times…

  7. Greetings Catherine,

    As a new subscriber, I thank you for all your efforts to help us understand and resist the globalist agendas.

    I’ve heard that one way to help protect an IRA from govt meddling with the rules is to move it offshore. For this reason I’d like to move part of my US brokerage account IRA offshore. My understanding is that Canadian firms are very compliant with whatever the US govt wants them to do. Can you suggest a different nation whose brokerage firms are less likely to implement, say, a future US policy requiring IRA accounts to hold Treasury bonds?

    Best regards,
    Jeffrey Puryear

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