Hello Hive,
This is going to be an off-the-cuff post, not my usual style but there' s so much going on at the moment that needs to be discussed right away.
The FED Can Print "Infinite Cash"
zerohedge
In a recent interview, Neel Kashkari head of the Minneapolis FED declared that the FED had "infinite cash" and could print infinite money to deal with the present economic crisis.
You may not know that KashKari helped to "carry cash" from US taxpayers to the failing major banks and Wall Street during the 2008 financial crisis as one of TARP's chief architects.
a former Treasury Department official who is best known for running the $700-billion bank bailout initiative known as the Troubled Asset Relief Program from 2008 to 2009.
Despite the fact that the crisis has been triggered, not caused, by the spread of the COVID 19 virus the sages of industry are not pancking, at least not publicly. Unsurprisingly, the only solution the moneymakers who run the house of cards economy can devise is:
PRINT MORE MONEY.
Thus far, the US for-profit healthcare system has been exposed as grossly inadequate, disorganized, overpriced and overly complicated to deal with a pandemic of this magnitude.
Yet, when Universal Healthcare, or a variety of public health care options, have been proposed over the last several decades has resulted in an endless debate about the unmanageable costs of universal care and the absolute terror of socialized medicine.
The American people have been REPEATEDLY told:
- We have the greatest healthcare system in the world
- HOW ARE YOU GOING TO PAY FOR THAT?
There's always money for war
Always money for Wall Street
Never any money for health care
No money for you.
It's become increasingly evident that if such a public healthcare system existed, the response to the pandemic would be much swifter, more efficient and better prepared to coordinate and contain the spread of infectious outbreaks.
See South Korea's Public/Private System and how it's dealt with the COVID19 outbreak.
By contrast, an UNPRECEDENTED 6 Trillion dollar bailout of Wall Street and leading US corporations magically materializes in the matter of days with little or no debate from lawmakers whatsoever. In any case, the opinion of the people matters not.
The single largest transfer of wealth in US history was accomplished by simply 'printing' more money into existence and thrown at the dumpster fire of an artificially inflated stock market with no strings attached.
Un Fait Accompli!
But, it's different this time!
This time every US citizen gets whopping $1,200 check in the mail!
With the same money, 'printed' out of thin air, US citizens could enjoy Free Healthcare that could provide security and stability for generations to come.
Peanuts for Main Street
US lawmakers announced a $2.2 Trillion dollar Stimulus plan but the actual bailout package should be in the range of $7-10 Trillion as $6.6 Trillion in REPO (repurchasing agreement) loan actions have already been pumped into the markets since September 2019. Thus far, it has not been made public which private firms have received Repo injections from the FED.
*American Taxpayers : $600,000,000,000.00 USD
Small Businesses : $377,000,000,000.00 USD
State & Local Gov. : $339,000,000,000.00 USD
Public Services : $180,000,000,0000.00 USD
**Bankers & Wall Street: $7,100,000,000,000.00 USD
*(approx. figure includes 4 month unemployment insurance)
**(approx. figure includes pre-CARE Repo injections of 6.6T)
Ey! That's a misrepresentation of the numbers!
Alright, let's say that the top 6,000 US Corporations receive an equal amount from the bailout slush fund. (There are less than 3,000 companies listed on the NYSE). The reality of the inequality remains morbidly skewed in favor of the elite.
6,000 Corporations: $ 1,000,000,000 USD
330,000,000 US Citizens: $ 1,200 USD
We all remember how the no-payback loans were used in the 2008 crisis, right?
- CEO bonuses
- Stock Buybacks
- Continue Business as usual
- No bailout for the workers
The 4 Stages of Infinite Money Printing
Stage 1 - Print Infinite Money
Stage 2 - Print Inestimably More Money
Stage 3 - Print Infinity x Infinity Money
Stage 4 - Print Infinite Supply of Toilet Paper
Insider Trading Ahead of COVID-19 Impact
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It was reported that several US Senators sold large amounts of personally held stock after attending a Senate Intelligence Committee session on the COVID19, January 24th 2020. A number of Senators who attended the secret briefing used the information to preserve their own private wealth while playing down the threat of the Corona Virus to the public. Some of these same Senators who personally profited from dumping stock are also rumored to have invested in companies projected to do well in a pandemic scenario.
BBC News
- Senator Kelly Loeffler and former owner NYSE: $1.2-$3.1M in stocks (February)
- Head of Senate Intelligence Committee Richard Burr: $1.7M in stocks (February 13)
- Diane Fienstein Senator from California: $1.1-$5.5M in stocks (February)
- James Inhofe Senator from Oklahoma: $170,000-$400,000- in stocks (January 27)
- Ron Johnson Senator from Wisconsin: $5-$25M in stocks (March 2)
CIA asset and Amazon CEO Jeff Bezos: $3.5 - $4.1 Billion in Stock (February 5)
Record Number of CEOS & Execs Stepping Down ahead of COVID19 Pandemic
An all-time record number of CEOs and executives stepped down from their positions in a matter of months.
There were more than 1,332 departures in 2019 alone.
In January of 2020, there were a record 219 exits by CEOs.
The mass exodus of executives was capped by some of the biggest names in the business world vacating the most sought-after positions in their respective industries. Some of the big players stepping out of the lime-light included: Bill Gates, Leslie Wexner, Larry Page, Bob Iger, and Mark Parker.
January 2020
- Bill Gates Board of Directors Berkshire Hathaway / Microsoft
- Bob Iger CEO of Walt Disney
- Leslie Wexner of L-Brands/Victoria Secret
December 2019
- Suzanne Desmon-Hellman CEO The Bill and Melinda Gates Foundation
- Larry Page at Alphabet
- Oscar Munoz at United Airlines
- Mark Okerstrom at Expedia
2019
- Adam Neumann at WeWork
- Kevin Burns from Juul
- Dennis Muilenburg at Boeing
High Profile Industry Names Step Down in 2019
- United Airlines — Oscar Munoz
- Alphabet — Larry Page
- Gap — Art Peck
- McDonald’s — Steve Easterbrook
- Wells Fargo — Tim Sloan
- Under Armour — Kevin Plank
- PG&E — Geisha Williams
- Kraft Heinz — Bernardo Hees
- Hewlett Packard — Dion Weisler
- Bed, Bath & Beyond — Steven Temares
- Warner Bros. — Kevin Tsujihara
- Best Buy — Hubert Joly
- New York Post — Jesse Angelo
- Colgate-Palmolive — Ian Cook
- MetLife — Steven Kandarian
- eBay — Devin Wenig
- Nike — Mark Parker
January 2020
- Disney - CEO Bob Iger
- IBM - CEO Ginni Rometty
- Harley-Davidson - CEO Matt Levatich
- T-Mobile’s - CEO John Legere
- LinkedIn - CEO Jeff Weiner
- Mastercard - CEO Ajay Banga
- Salesforce, - co-CEO Keith Block
- Credit Suisse, - CEO Tidjane Thiam
- Hulu - CEO Randy Freer
https://www.globalresearch.ca/why-did-hundreds-of-ceos-resign-just-before-the-world-started-going-absolutely-crazy/5707970
No Mercy - Increased Sanctions During Global Pandemic
Already applying severe sanctions on Iran and Venezuela the USG has reassured the world that punishing US sanctions on both countries will remain continue indefinitely. Paying for and receiving humanitarian aid from international donors is currently heavily restricted and only going to get worse. Government officials from the US say they hope that by apply more pressure may spark a revolt inside both countries which the US has been eager to catalyze for years.
$15 Million dollar bounty placed on the head of Venezuelan president Nicolas Maduro for Drug Trafficking
In a rare action, the DEA has also indicted president Nicolas Maduro on Narco-terrorism and Trafficking charges with a bounty for his capture.
Hypocritical Much?
- Afghanistan Opium production at all time highs after US invasion
- CIA Iran-Contra Dark Alliance
- CIA asset Manual Noriega in Panama
- US allies with Columbian Government, together monopolize drug trade
- etc.
Yes this virus is just WAY too convenient, and just perfect for a Foucauldian style of social control - stay indoors for your own safety, and that of others.
Even the fucking kids are roped in - painting of rainbows in windows, staying 'stay safe'
They must be laughing their socks off at the public's quiescent response, I imagine it's been better than they could have ever dreamed of!
The stock market was already artificially pumped up on steroids and soaring at ATH levels and this convenient virus becomes their exit scam.
Corona Virus is just the sort of scapegoat they needed. Funny how that works out, isn't it?
I've got to begrudgingly hand it to them, it's the perfect scapegoat for our times, I never saw it coming, genius, it's got everything.
You only really get the full effect by looking at a tabloid newspaper - when the content is frozen, the new narratives really stand out - which are the same probably as online, but just clearer from being in print form.
It's all there -
It's fucking unreal, or should I say hyperreal - everyone fragmented away in their own little media bubbles.
It's crazy evil genius - I would say straight out of the Watchmen, but it's much cleverer than that.
From this perspective, yes it's genius.
Whenever there's a solution that people voluntarily comply with... well that would be the genius part.
Present a new threat, a contagious virus, and provide the necessary solutions whether that means lockdowns, forfeit of civil liberties, mandatory vaccinations, suspension of government, marshal law... the possibilities are endless. Hyperreal and Hype the fear;)
Not just a scape goat, there is also an election coming and undermining China will set up a great running platform. They can wash away the fingerprints with the virus and then use it again to maintain control.
I think this sets up the scenario where the US elections will be cancelled and the Trump administration continues on indefinitely.
One other scenario is that nations will be forced into ramping up remote voting, which should mean that they can use blockchains. This is possible without of course by using things like banking keys, but a blockchain makes it much more auditable - though, that is why they may not want to.
Also, it makes it much more inclusive - another no-no for maintaining control.
There is never any money. Period! Except for the all reasons you mentioned in this post. There is no printing of money either...just a few decimal points get moved in some code of a super computer. It usually lands in a black budget covert program, or in some billionaires offshore account!
This interview with Kelly Loeffler, on Tucker Carlson's show is very informative and revealing, and is a instructional manual on how to play dodge ball...
Ah! Yes, I watched her interview... she puts it on her underlings who manage her portfolio and claims ignorance. Yet, she attended the Senate Intelligence Committee hearings, not them and somehow she invests in 'stay at home' business solutions from Citrix tele-conferencing software. GTFO!
Also, you're right. They don't actually print the money they just add some 1s and 0s at the keyboard and poof! New wealth.
Stay at home solutions huh? That sounds like a good investment opportunity from the other side of the trade lol.
Yeah it's crazy what is going on, yet the majority appear content to be paid off with crumbs that will one day be swept under the digital currency carpet. I've tried telling people that if they're really so focused on preserving life and keeping people safe, then keeping the financial system operating would be an extremely high priority, it's the difference between losing thousands and millions of lives, alas I don't think many can comprehend what such a meltdown would entail. Can they keep it going? As I said in a previous post, I think all bets are off, but it certainly appears that the virus gifts them the opportunity to do what we all knew was (eventually) coming, strange eh? Good call on the fleeing rats .. I've also been keeping an eye on that aspect .. oh to be a fly on the wall! Great work my friend!!
Thanks for dropping in and adding your thoughts.
Crumbs...absolutely. Despite how the double-speak named "CARES ACT" is being promoted in the media the average American is getting shafted, badly.
As they always do, TPTB have a plan to reshape our society. I know I don't have to tell you about this, as you have been writing about this for years, but it's worth mentioning that at a time of crisis WE also have a chance to reshape society!
We can hijack their plans and remake society in some way - like the great depression lead to the "New Deal", change for the better is also possible. Of course, it's also going to be painful.
Always great to hear from you!
The list of top level execs and ceos that stepped aside in the months leading up to 2020 and in January is kinda crazy. I'm not sure what to think of this thing anymore, but I know the news straight had me freaked at the beginning. It scared me a bit in a few ways because I noticed that I got swept up in it which usually doesn't happen to me. After I calmed down I started to think what is it that got me caught up this time? Is the media just getting better and better? I don't know man. I'm in Spain right now and have been on lockdown for over two weeks. Whatever the outcome, the world is going to be different if/when this is all finally sorted.
Right now the buying power of the USD is about $0.04. If the Fed starts printing trillions out of thin air we'll all be carrying around $100 billion dollar notes like Tanzania. Just think what those $1200 checks will buy then!
My running theory is that Trump's business deals on a nation by nation basis caused the dollar to get relatively strong in comparison to other fiat dollars worldwide, and this "winning" in comparison to prior administrations caused the U.S. to lose in a different department.
So, in the backward fiat world, sometimes there may need to be some losing, so you don't win yourself into a brick wall, that's just my theory anyhow.
Imagine if they put an Apple store in a very poor neighborhood and tried to sell iPhones for $500-$1000. If Apple wanted to be successful in selling these phones in the said area, they'd have to get competitive with their pricing and perhaps bring down their profit margins near to Androids.
I think we might be looking at worldwide simultaneous hyperinflation. I wonder if everyone hyperinflates all at the same time if the greatest depression ever, will be less bad than it would have been otherwise, and I suppose that'd depend on what country one is living in.
I'm reminded of this, the guy wasn't wrong concerning the nature of the global economy, the ebb, and the flow part, anyhow.
Yes, very plausible that we're experiencing global hyperinflation!
Is there any currency that is immune to it? I seriously doubt it since we're all interconnected through global trade. BTC? Gold?
If this keeps up, I think food may become the next toilet paper. As of now, the various currencies can still buy it. If we keep hyperinflating and sheltering in place, I think there may be plenty of money but not enough products on the shelves to service all the money in circulation.
Outside of food that has a long shelf life, if my concern was about the value of my money, I’d revert to money that is value. Like you said, gold, or maybe silver. Historically, gold was adorned by people for at least 6 millennia or more. I’m not sure BTC has a value other than the faith that people have in it, and as far as I’m concerned, that’s what gave fiat its value.
Perhaps it’s difficult to get gold and silver now? I’m not sure. At some point, the illusion that is paper gold and silver will fail, and the prices will correct. Maybe silver’s price is off more than gold’s. For a time during Obama’s reign, silver had hit almost $50 in its spot pricing. As of right now, it’s at $14.28, which seems ridiculous to me.
On the same day that silver hit the historic high of almost $50 (April 28, 2011), gold was at $1,531, and that's only $144 less than today's spot price. This must mean that we either got extremely efficient at mining silver or at printing it. It seems to me, there is a clear disparity in the uniformity (percentage-wise), of the change in the price of the two alloys. This is not financial advice.
Silver spot 4/28/11: $48.70
Silver spot today: $14.28
Silver is down by 70.67% from almost 9 years ago.
Gold spot 4/28/11: $1531.00
Gold spot today: $1675.00
Gold is up by 9.40% from almost 9 years ago.
Great piece. The only part that was wrong is they are going to hand out much more to many Americans. An additional 600.00 per week ADDED onto normal uninsurance payments. Which means for many more than they were actually getting at their job. I urged everyone in my last post that will be receiving it to spend it wisely and not go blowing it on TV's and game systems and whatever other bullshit people throw money away on. I'm going to keep stocking up as I pay down as much of my debt as possible, building some kind of emergence fund with the rest.
Also, I predicted to my other half this will last several more months for sure. Trump is already in negotiations with Pelosi on the next round of stimulus. It is to focus a lot more on infrastructure, with a sizable percentage going to adding communications infrastructure (5G is my guess at their plans) to rural areas. They are talking of adding another round for us livestock, which is brilliant. Keep them as happy as you can as you roll out the military to their streets to keep an eye on the known potential troublemakers. Keep most as happy as you can with lots of money and then hand them their bills and new rulebooks for what they are "free" to do once whatever they are doing is in place.
Lol, yes we are like livestock to our masters!
So, this post was off-the-cuff but I tried to be as accurate as I could. The figures I used for this post come from several sources.
From what I understand there's:
Working Americans - approx. $300 Billion in cash payments - $1,200
Plus and additional $260 Billion in extra unemployment payments and about $44 Billion in student debt relief.
... and
... the CARES ACT is reported to be over 1000 pages long... I'm sure there's a few loopholes in the bill that will benefit the upper class. Just a hunch;)
lol, pretty much!
I despair at all the fear .....
Talk about rabbits caught in the headlights.
..here you go - enjoy my rant!
https://peakd.com/hive-168088/@lucylin/and-the-winner-goes-to-the-poor-me-s-a-rant-hive-168088
@tipu curate
Upvoted 👌 (Mana: 32/40)
Very nice to have it all in one place, @v4vapid, thank you very much.
I really hope my country Nigeria is just like USA here. $1200 for every citizen is a good thing to know of. But is there is really infinite money existing in this world. Kind of confused about the confirmation about it.
Great research and superb insight as always.
Thanks!
Thanks my friend, I appreciate your great contributions on this subject as well!
HIVE.D