From the Eccles Building to Vegas: The Fed Enables the Worst Ponzi Schemes; The Great Crash of 2022; Powell's "Soft Landing" Impossible; How Money Printing Destroyed Argentina and Can Destroy Others;
Commercial Real Estate Is On The Brink; Oil Jumps, Crack Spread Near Record After Market Ignores Latest Idiocy From Biden Admin; Ukraine Bans Main Opposition Party; The Impact Of Soros-Funded District
“Peter Schiff once joked that Obama should have appointed Bernie Madoff secretary of the Treasury. The government's easy money policies ultimately lead to Ponzi schemes.”
“It seems a short leap from Robinhood or Coinbase to a Ponzi scheme. “Investing is simple here,” Robinhood’s website leads. “Start building your portfolio with just $1.” Scroll down a bit on coinbase.com, and it says, “Take control of your money.” Charles Ponzi himself, called “a wizard of finance” in 1920, was “the discoverer of wealth and happiness.” Common folk cheered the dapper five-foot, two-inch Italian while lining up, desperate to hand Ponzi their savings and earn a 50 percent return in forty-five days.
Get-rich-quick schemes never go out of style. Robbing Peter to pay Paul excels in its simplicity. Forget gauging the winds of the markets or the bouncing ball on a roulette wheel. Phony promises work on a gullible public to this day. “We are all gamblers,” Ponzi believed. ‘We all crave easy money. And plenty of it. If we didn’t, no get-rich-quick scheme could be successful.’”
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I recommend that you read the following article, which explains part of the
The Great Crash of 2022
“Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash.”
“We are now well past the corona crisis of 2020, and most of the restrictions around the world have been repealed or loosened. However, the long-term consequences of arbitrary and destructive corona policies are still with us—in fact, we are now in the middle of the inevitable economic crisis.”
Open link for complete article
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Powell's "Soft Landing" Is Impossible
“After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, the idea of a controlled explosion or a “soft landing” is impossible.”
Open link for complete article
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How Money Printing Destroyed Argentina and Can Destroy Others
“Inflation in Argentina is far worse than neighboring countries. It has only one cause: an extractive and confiscatory monetary policy—printing pesos without control and without demand.”
“The most dangerous words in monetary policy and economics are “this time is different.” Argentine politicians’ big mistake is to believe that inflation is multicausal and that everything is solved with increasing doses of interventionism.”
Open link for complete article
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Commercial Real Estate Is On The Brink
“The aftershocks of the idea of a coming recession continue to make their way through every industry...”
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Oil Jumps, Crack Spread Near Record After Market Ignores Latest Idiocy From Biden Admin
"Gas prices are rising not for a physical reason. The price is rising just because someone somewhere from a keyboard has decided so."
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Ukraine Bans Main Opposition Party, Seizes All Its Assets
“‘Beacon of democracy’ cracks down on dissent.”
Open link for complete article
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The Impact Of Soros-Funded District Attorneys
“Over the past few years we've noted with increasing frequency that billionaire George Soros has funded or supported far-left political candidates for office around the United States, particularly District Attorneys whose soft-on-crime policies have led to historic crime waves in major cities across the country.”