Money & Markets Report: July 7, 2022

134 Comments

  2. Hello Catherine and John –
    Per Catherine’s request for “push back” stories….we were cheering the destruction of the Georgia Guidestones today and hope that you will cover that in next week’s program. YAH!

    Bill Crowley & Tamara Scott (Crowley)

  3. Catherine mentioned the BIS as being established in order to deal with the German reparations’ payments after WWI (after 1918) and that those reparations were dealt with speedily. Actually, the last German payment towards the interests of the WWI reparations were made on October 3rd, 2010 (94 million US$, somewhere else I read 2010 budgetary amount of 56 million €)…
    https://en.wikipedia.org/wiki/World_War_I_reparations

    from that article: “In June 1953, an agreement was reached on this existing debt with West Germany. Germany agreed to repay 50 per cent of the loan amounts that had been defaulted on in the 1920s, but deferred some of the debt until West and East Germany were unified. In 1995, following reunification, Germany began making the final payments towards the loans. A final installment of US$94 million was made on 3 October 2010, settling German loan debts in regard to reparations.[99”

    1. Thanks, Dagmar. I think of that as a new agreement – one that came in place with an occupying army after WWII. The Reparations at WWI gave the bankers a great excuse to create a central bank that was independent of sovereign governments. When the reparations disappeared at that time – unexpectedly – they were scrambling to protect and keep their prize of a banking system above the low. The privacy/secrecy was that priceless.

  4. On pushback some “gossip” from my banker on CASH…He told me that they used to process about 4-5 mortgage loans a week, now it is about 1-2 a month. Most people are coming in buying properties with CASH…clean deals written at the bank directly….Also at his branch location a woman has been coming in daily sometimes twice a day for about 2 weeks buying anywhere from 300k to 500k to 1M in bitcoins!? I also sent John Titus “Toilet” piece to this small banker – his department is in “sales” to large corporations….I have had no comment back from him yet! Ha

  5. At last, the sea begins to turn… I am put into the mind of Al Stewart’s great “Roads to Moscow,” which chronicles the Nazi beat down of the Soviets and then in this verse, it has gone beyond its own sustainability:

    And the evening sings in a voice of amber, the dawn is surely coming
    The morning road leads to Stalingrad, and the sky is softly humming…

    The Georgia Guidestones and Boris Johnson’s government fell in the same week as the Nederlandische farmers arose and SCOTUS stepped up. I think Johnson foresees heads of state rolling, and this morning broke news of Shinzu Abe’s assassination, which may seem inscrutable to us, but is very uncharacteristic of the Japanese, a people who embrace orderliness, but who, like anyone, can have quite enough, thank you very much. Small wonder that the likes of Trudeau, Macron and Biden live in armed camps–the people have no love for them or their policies.

    It is surely only the beginning, but the trends are becoming clear. On behalf of we who have held out, I say “you’re welcome” to the many starting to see the light. The addition of your weighty mass, even belatedly, wins the war. Freedom is the prize.

    1. I doubt Abe’s death resulted from an action of “the people.” Expect it to be made to look like it.

      1. That’s actually along the lines I was thinking in this case–but that people are getting roused enough to act out politically. I don’t know what the Japanese media does to agitate anti-conservative sentiment, but the fact that someone would go against societal norms for political effect is telling me that the masses are in a lather.

  6. Scuttlebutt from foreign wannabe soldier volunteers that opioids are being trafficked through Ukraine to western Europe.

    1. Forgot to add the opioids are coming in as prescription meds, donated by foreign governments,aid groups and churches. Prior to this they were coming into Ukraine as street drugs from the east.

  7. Killing the children!

    “A Peasants Revolt”
    FDA and the CDC are on Notice/The Casket Industry is Booming
    Etana Hecht
    Jul 6

    Caskets

    I spoke to the family who owns one of the largest casket manufacturers in North America. They supply caskets to huge chains across the US and manufacture Prime Caskets, among others. It’s horrific to have to report on such a thing, but the owners said that their sales of typical caskets have increased by 20%, and since Dec 2021 their sales of small-size caskets (under 5 feet, i.e, for children) have increased by 400%. He’s not the only one talking about it, those in the funeral industry are well aware of the sudden change in the nature of their business.

    https://etana.substack.com/p/a-peasants-revolt

      1. Yes, I have the same 4 on my shelf as well. I think also best place to start.

      2. Yes, it is huge. But, they risk being complicit when they do not speak out. The firm is most likely corporate and thus owned by Blackrock or Vanguard.

        Sure could use some anti-trust and anti- monopoly laws here.

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