Money & Markets Report: September 15, 2022

133 Comments

  1. Especially for John: This was a session held at my old faculty of Aeronautical Engineering at the TUDelft. I was not present but in the video you can feel the engineering spirit of ‘I don’t really care if the theory states if something can or cannot work. I will look with my own eyes and if it works, it works’
    https://www.youtube.com/watch?v=_ArBfUkzhxE

  2. Catherine: I don’t understand how the Fed can print so much money and still have the dollar be so strong. I was hearing that 80% of all USD issued was in the last 2 years. Is that true? I think there’s an unhelpful conflation in the common parlance between retail and wholesale currency, both denominated in USD. Your CBDC briefing does a good job of showing those two circuits and why they’re different, but related, and also exploring the new territory we are entering where the Fed can put money directly into the retail space. And my understanding is that they did that with the recent… what do you call it, QE?

    What I have trouble wrapping my brain around is how exactly the injection of money into the retail or wholesale sectors influences the bottom line for consumers. Where intuitively I would expect there to be a coupling, in practice the value of USD often does the opposite of what I expect. And does the value of USD actually relate to purchasing power, or is there again a decoupling?

    I’m reading now Michael Hudson’s book Superimperialism where he details how the petro dollar was set up, how the IMF and World Bank have used their policies to put USD in foreign nations hands, and without the ability to buy US stocks or real estates they mainly buy US treasury bonds, thereby propping up the value of our currency and fueling our colonial war machine. Hudson is the clearest voice I am aware of in sharing this knowledge. According to Hudson the CIA paid him to teach them how to implement his ideas after the publication of his book in 1971. So it’s quite a resource that he’s willing to share his perspective.

    Is this effect continuing to prop up the dollar in spite of the massive issuance? I’ve also heard stories from you and others that foreign nations are having difficulty getting their hands on USD to pay their debts, so that makes sense as a stabilizing force.

    My understanding is 1) the policy described by Superimperialism is still working, but the wheels are going to come off the bus sometime in the next decade, 2) the money printed by the Fed ended up in the hands of Blackrock and other powerful allies… and is being applied very carefully and precisely to exercise their takeover of real assets without crashing the economy.

    I heard one of your guests (or maybe it was Titus) mention that money is seeping into the economy in “weird” ways, and he was compiling a report on that. I’d like to read that if you have a link.

    Thanks for everything you’re doing. I feel like I just joined the Rebel Alliance. Many people have a sense that something is deeply wrong, but few are organized in assessing the situation and doing something about it. I find that clarity of intent is the antidote to depression, stagnation, and death.

  3. Several ideas about Fauci – Remember when Fauci was idolized1 Unbelievable the special socks, T-shirts, praise and putting him an alter – WOW unreal how the crowd can move in sink The same happened with O’Bomma (forgive my spelling)neither one could do no wrong = look where we are now. The same with George Floyd people follow in mass formation with no thought of their own, no looking into the situation just follow and believe.??? May God Bless us all.

  5. So I heard you said “who wants to own bonds?”. Officially bond owners only get their debt, even in liquidation. Yet in another place you wrote “In a highly leveraged company, the equity owner does not really have control. It’s the bondholder or creditor who can put the company in default.” So now I’m thinking bond owners have the power to destroy (liquidate) a company.

    If interest rates go up, would that give bond owners this power of destruction?

    1. Yes and no. If the bond holders are organized crime and can use violence with relative immunity, then the answer is almost always yes.

  6. why did Pfizer CEO Albert Bourla make the statement explaining how he was convinced the mRNA technology was ready for public general use in a vaccine without the standard trials? 
     – could be he is trying to make a case that his act as CEO in approving the actions of the corporation were in good faith reliance on experts and not an intentional fraud.  He may have been advised that there is potential legal exposure for knowingly misleading the government and perpetuating a corporate fraud and therefore the case for ‘good faith beliefs’ is being put in place.    
    Fauci could point the finger at industry if it gets ugly. at some point people may want a deep dive on what data the experts relied on to make decisions.

    I still do not see accountability unless the catastrophe is simplified and elements of causation of harm are publicly undeniable.  

    thank you for your excellent and uplifting work.

    1. for example
      18 USC §1519. Destruction, alteration, or falsification of records in Federal investigations and bankruptcy

      Whoever *knowingly* alters, destroys, mutilates, conceals, covers up, falsifies, or makes a false entry in any record, document, or tangible object with the intent to impede, obstruct, or influence the investigation or proper administration of any matter within the jurisdiction of any department or agency of the United States or any case filed under title 11, or in relation to or contemplation of any such matter or case, shall be fined under this title, imprisoned not more than 20 years, or both.

      1. The HUD IG General Counsel who falsified records in our case had to leave when her various efforts to frame us failed, including our turning in affadavits to the court documenting her criminal conduct. They just laughed. After she left HUD,she got a job running the ethics committee for the DC bar. MY guess is that was arranged by the judge in our case. He is my vote for the one who designed and oversaw the conduct of the case – all highly illegal. He was the former general counsel of the CIA under bill casey. https://www.whereisthemoney.org/hotseat/stanleysporkin-DRAFT1x.htm

  7. Cuomo was thrown under the bus. And he’s the one who told us to expect he would have emergency powers for five years. Fauci is done, on schedule.

    1. https://pete843.substack.com/p/obligatory-fauci-resigns-post

      “This guy has handed out hundreds of billions of dollars in grant money over 40 years and earned Big Pharma trillions with his manipulations and influence. If I am Fauci I am thinking its time to get paid. Within a year of retirement or just stepping down from NIAID this guy will likely be rolling in money. He will still carry a lot of influence in HHS and the Military. Big Pharma and DTRA funded companies will be knocking on his door to reward him for his past service and put in a good word for them in Washington. His daughter at Twitter might end up with an inheritance big enough to buy the Blue Bird.”

      ARPA-H upcoming for synbio, https://www.prnewswire.com/news-releases/renee-wegrzyn-slated-to-lead-new-advanced-research-projects-agency-for-health-301622005.html

        1. “In the 2022 Solari Leashed Awards, the nominees for Best Chew Toy were …. and the winner is …”.

          1. Our attention budget goes to lifting up Heros. The chew toys get way to much attention as it is.

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