Individual Economists

Utah Students Stage Walkout To Protest 'Barking And Biting Furries' In The Classroom

Zero Hedge -

Utah Students Stage Walkout To Protest 'Barking And Biting Furries' In The Classroom

American schools have changed a lot in just the past five years.  Not long ago, it was understood by even the most progressive educators that some rules need to be put in place to keep kids in check.  Structure has always been a good thing for small people with developing brains and uncontrollable emotions.  Sadly, the educational system has been inexorably hijacked by the most extreme elements of the far left and by extension the principles used to maintain order among often impetuous and impulsive children have been quickly eroded in the name of "deconstruction." 

For those outside of what is now referred to as "Gen Alpha" (the generation born from 2010 onward), most people grew up with restrictions in school, including dress codes.  While some institutions might have been more oppressive than others, overall there was a balance between "expressing one's individualism" and keeping that expression from disrupting one's education - Schools should focus on academia, not catering to people's narcissism. 

Today, the progressive ideology has devolved into a bizarre form of cultism in which almost all behavior is justified as long as it is minority behavior.  This includes the behaviors of the mentally unstable and deranged; such people are swiftly becoming the most popular minority on the victimhood totem pole.

Nebo Middle School in Utah County has recently witnessed what might be the beginning of the end of the "anything goes" era in public schooling, with students (not just parents) protesting en masse over the disruptive inclusion of children identifying as furries and allegedly harassing other kids.  Students claim that furries bark in class, bite and scratch other children while generally creating chaos.

School officials deny these incidents and claim that the protest was triggered by "internet rumors."

       

This kind of story might seem like fluff and silliness, but that's how wokism was able to invade American schools in the first place - No one took it seriously until it was too late.

The furry issue is only a small part of a much larger debate that includes subjective identity, trans indoctrination, gender pronoun propaganda, equity over merit propaganda, personal truth vs objective truth, moral relativism, etc.  The question is this:  Should public institutions cater to mentally unstable people exhibiting aberrant or self-centered behaviors to the detriment of everyone else all in the name of equity?  Can we just admit that there is such a thing as too much freedom?

Where is the line?  Well, it's safe to say that dressing up as a cartoon animal and trying to bite people in the classroom is probably somewhere past the point of no return.  The school denies these events and blames rumor, but rumors alone don't motivate an entire student body to walk out and protest something as strange as furries.  There must be a problem that isn't being addressed, and these days this usually means there's a politically correct reason behind the refusal to punish certain students.

If the youngest generation grows up without any boundaries or responsibility, what kind of adults will they eventually become?

On the positive side, the Nebo walkout suggests that the younger generation is not as brainwashed by inclusion rhetoric as many people might believe.  They are acting to keep the worst elements of their own community in check whether woke school officials like it or not.  Tolerance of all behaviors leads to acceptance of the worst behaviors.  Any school administrators that don't understand this basic fact should be removed from their positions.

In the meantime the number of parents in the US choosing to home school their kids continues to climb, and we all know the real reason why. 

Tyler Durden Sat, 04/20/2024 - 09:55

Schedule for Week of April 21, 2024

Calculated Risk -

The key reports scheduled for this week are the advance estimate of Q1 GDP, March New Home sales and March Personal Income and Outlays.

For manufacturing, the April Richmond and Kansas City manufacturing surveys will be released.

----- Monday, April 22nd -----
8:30 AM ET: Chicago Fed National Activity Index for March. This is a composite index of other data.

----- Tuesday, April 23rd -----
New Home Sales10:00 AM: New Home Sales for March from the Census Bureau.

This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.

The consensus is for 670 thousand SAAR, up from 662 thousand in February.

10:00 AM: Richmond Fed Survey of Manufacturing Activity for April.
 

----- Wednesday, April 24th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: Durable Goods Orders for March from the Census Bureau. The consensus is for a 2.0% increase in durable goods orders.

During the day: The AIA's Architecture Billings Index for March (a leading indicator for commercial real estate).

----- Thursday, April 25th -----
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 210 thousand initial claims, down from 212 thousand last week.

8:30 AM: Gross Domestic Product, 1st quarter 2024 (Advance estimate). The consensus is that real GDP increased 2.1% annualized in Q1, down from 3.4% in Q4.

10:00 AM: Pending Home Sales Index for March. The consensus is for a 2.0% decrease in the index.

11:00 AM: the Kansas City Fed manufacturing survey for April.

----- Friday, April 26th -----
8:30 AM ET: Personal Income and Outlays, March 2024. The consensus is for a 0.5% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.3%.  PCE prices are expected to be up 2.6% YoY, and core PCE prices up 2.7% YoY.

10:00 AM: University of Michigan's Consumer sentiment index (Final for April). The consensus is for a reading of 77.9.

Goofy Greens And Regulators Threaten Nuclear Revival

Zero Hedge -

Goofy Greens And Regulators Threaten Nuclear Revival

Authored by Duggan Flanakin via RealClear Wire,

Despite its commitment to “no more gas, oil, or coal,” Friends of the Earth has launched a campaign against one of the nation’s “greenest” governors, California’s Gavin Newsom. Their goal? To stop the U.S. Department of Energy from doling out $1 billion to keep the Diablo Canyon nuclear power plant (no gas, oil, or coal there) open past its planned 2025 closure date.

Newsom, whose policies are among the world’s most aggressive against gasoline- and diesel-powered vehicles and tools, last year stated that, “the Diablo Canyon power plant is important to support energy reliability as we accelerate progress towards achieving our clean energy and climate goals.” Diablo Canyon today supplies nearly a tenth of California’s electricity.

The aptly named FOE claims that “the environmental impacts from extending the lifespan of this aging power plant at this point in time have not been adequately addressed or disclosed to the public.” Other groups, too, spread fear about nuclear energy. But by far the most powerful obstacle for nuclear energy enthusiasts to overcome lies within the federal government.

While nuclear energy has accounted for about 20% of the electricity generated in the U.S., and in 2023 supplied nearly half the nation’s carbon-free electricity, a new report from the Government Accountability Office says the Nuclear Regulatory Commission must more fully consider possible impacts of climate change on the nation’s mostly aging nuclear power plants.

The message? The GAO report says that climate-related threats to nuclear power plants range from worsened droughts that dry up water supplies needed for cooling reactors to sea level rise and storm surge flooding. Despite its regulatory obtuseness, the report said the NRC should include “data” from future climate projections [scary scenarios?] in safety risk assessments along with the historical data the NRC relies upon. All this adds costs.

Douglas McIntyre, the former editor-in-chief of 24/Wall St., last month said that, despite the obvious need for nuclear power, “many Americans, perhaps remembering Three Mile Island, do not want nuclear energy to be part of the solution.” And a recent Pew Research poll found that, “Critics highlight the high cost of nuclear power plant projects and the complexities of handling radioactive waste.”

By contrast, the U.S. Department of Energy has argued that the U.S. will need an additional 550 to 770 gigawatts of clean, firm capacity to reach net-zero carbon dioxide emissions and that nuclear power is one of the few proven options that can fill this need. Moreover, nuclear power plants create high-paying jobs with concentrated economic benefits for the communities most impacted by the energy transition.

These dichotomous messages from the DOE and NRC are highlighted in a recent article by ThorCon International co-founder Robert Hargraves, who bluntly stated that the U.S. is not building commercial nuclear power plants – while 16 other nations are – “because NRC and EPA regulators are so misinformed about radiation.”

Regulatory overkill is a likely culprit in the failed six-reactor, 462-megawatt project NuScale had planned in cooperation with Utah Associated Municipal Power Systems, part of the DOE’s Carbon Free Power initiative for small modular reactors. Several towns pulled out and sank the project as the estimated price for power rose from $58 per megawatt-hour (MWh) to $89/MWh.

Misguided safety assumptions created a regulatory jungle so complex that startup Atomic Canyon is offering AI to help applicants navigate the NRC’s database of 52 million documents. U.S. nuclear energy regulators, Hargraves charged, do not analyze data about human health effects of radiation from nuclear power; instead, they rely on groupthink consensus evolved in NGOs originally misled in the 1950s by grant-seeking geneticists.

For decades these geneticists claimed radiation damage to chromosomes was increasing. But when children of the survivors of the Nagasaki and Hiroshima atomic bomb attacks exhibited no such effects, the anti-nuclear scientists switched to alleged cancer impacts. And a major flaw in their analysis is what caused the cost of nuclear energy to skyrocket.

While studies of those survivors found no excess cancers in people receiving less than 0.1 Gray (joules of energy absorbed by kilogram of tissue), regulators set public radiation limits 100 times lower, mistakenly limiting accumulated dose rather than dose rate. In the real world, setting a maximum daily dose of 0.02 Gray (rather than the current maximum cumulative annual dose of 0.001 Gray) would provide a large safety margin.

Salisbury University Professor of Finance Danny Ervin pooh-poohs the fears of nuclear foes, saying “the next wave of nuclear can’t come soon enough.” That “next wave” includes scalable nuclear reactors, notably the TerraPower initiative sparked by Bill Gates. This advanced facility, coupled with a molten salt energy storage system, will be capable of increasing output for nearly six hours during peak demand periods at a projected cost of about $4 billion.

The plant will be powered by an advanced Natrium reactor cooled with liquid sodium instead of water [eliminating one concern of skeptics]. With a capacity to generate up to 500 megawatts, it will provide ample energy to power approximately 400,000 homes.

Of equal importance is that its location at a former coal-fired power plant in Wyoming enables easy integration into the existing electric grid while stimulating the local economy. This contrasts with wind turbines and solar arrays, which often are located far from existing transmission lines, require massive footprints, and operate intermittently, thus requiring backup power generation.

Over in England, X-Energy, in partnership with Babcock International subsidiary Cavendish, has proposed to develop a 12-reactor plant using the company’s Xe-100 high-temperature gas-cooled reactor design.  The Teesside array, which should be operational by the early 2030s, is the first of what the companies hope will be a fleet of up to 40 of the 80 MWe power plants in locations across the United Kingdom.

Cavendish Nuclear managing director Mick Gornall boasts that, “a fleet of Xe-100s can complement renewables by providing constant or flexible power, producing steam to decarbonize industry, and manufacturing hydrogen and synthetic transport fuels. Deployment will also, he said, create thousands of high-quality, long-term jobs nationwide.

Uranium-rich Nigeria thinks it has a solution to the radioactive waste management issue that has been a big bugaboo for the nuclear energy industry worldwide. The solution relies on the NST SuperLAT, which NuclearSAFE Technology co-founder Dr. Jimmy Etti-Williams calls “a breakthrough in nuclear waste management.”

SuperLAT will, says Etti-Williams, process, package, load, store, and transport nuclear waste in casket containers to several thousand feet underground, yet able to be retrieved as needed for fuel in reactors to generate low-carbon-footprint energy. This geological nuclear waste disposal technology is designed to isolate and dilute nuclear waste in line with universal regulations.

The SuperLAT technology should, says Etti-Williams, satisfy International Atomic Energy Agency and other stakeholder concerns about nuclear waste storage accidents, leakages, or terror risks. He boasts that Nigeria can have its own uranium plants to boost its own and pan-African development efforts.

There’s an old saying, which first appeared in 1902 in Puck’s Magazine, with the message, “People who say it cannot be done should not interrupt those who are doing it.” It is high time, many now believe, for the nay-saying over-regulators to stop interrupting nuclear progress.

And on that front, too, there is good news. Nuclear Matters has announced an online gathering entitled, “The Path to Progress: Modernizing the NRC,” scheduled for May 2.

At the event, a four-person panel moderated by the Nuclear Energy Institute’s John Kotek will discuss the urgency of NRC modernization in order to unlock the benefits of nuclear technology innovation to revitalize the U.S. nuclear energy industry.

The anti-nuke FOEs (sic) will have little left to argue once these and other innovative nuclear projects prove successful and safe when brought to the fore in other nations – places like England and Nigeria. But those who seek reliable, safe, and clean technologies to generate the electricity in quantities needed tomorrow will only be satisfied if the archaic rules can be recrafted to accommodate them.

Duggan Flanakin is a senior policy analyst at the Committee For A Constructive Tomorrow who writes on a wide variety of public policy issues.

Tyler Durden Sat, 04/20/2024 - 08:10

Ukraine Claims First-Ever Shootdown Of Russian Strategic Bomber, Moscow Denies

Zero Hedge -

Ukraine Claims First-Ever Shootdown Of Russian Strategic Bomber, Moscow Denies

Another Russian military aircraft has fallen from the sky in a fiery wreck, social media video widely circulating on Friday shows. But precisely how it happened is being hotly disputed.

Ukraine is now touting that for the first time ever, its forces have downed a Russian long-range bomber which was actively engaged in attacks on Ukrainian cities. "For the first time, anti-aircraft missile units of the air force in cooperation with the defense intelligence of Ukraine destroyed a Tu-22M3 long-range strategic bomber," Ukraine's military announced.

"This was the plane that bombed Dnipro and Kryvyi Rih. We took our revenge for our cities and civilians," air force spokesperson Illya Yevlash told international press, as cited in AFP.

However, Russia's military is disputing claims by Ukraine officials, instead saying a "technical malfunction" led to the crash which resulted in at least one crew member killed. 

A statement said further, "The pilots ejected, 3 crew members were evacuated by the search and rescue team, and the search for one pilot is currently underway." The military further said, "There was no ammunition on board; the plane crashed in a deserted area."

EuroNews has said it can't verify which side's version of events is true:

The Ukrainian report said military intelligence cooperated with the air force to bring down the Tu-22M3 bomber with anti-aircraft missiles

Russia commonly uses the bomber - which can also carry nuclear warheads - to fire Kh-22 cruise missiles at Ukrainian targets from inside its airspace.

Watch confirmed video of the strategic bomber falling quickly while engulfed in flames:

Russian authorities have indicated that the plane went down in the Stavropol region some 400km from eastern Crimeaa.

In January, Moscow said that Ukrainian forces shot down a Russian military transport plane that was carrying Ukrainian POWs. In February, Ukraine said it shot down two Russian A-50 spy planes within a matter of weeks.

Images show a large debris field in the Friday crash aftermath...

Via Telegram

Several Russian aircraft of various types have been downed throughout the more than two-year long war, but Friday marks the first time a Tu-22M3 bomber has been reported downed.

Tyler Durden Sat, 04/20/2024 - 07:35

The Regime That Doesn't Care

Zero Hedge -

The Regime That Doesn't Care

Authored by Jeffrey Tucker via The Epoch Times,

We’ve all come across warnings against doom scrolling.

This is the practice of waking up in the morning, scouring headlines, seizing on the bad news, and dwelling on the darkness. You do this during downtimes in the day and in the evening. Your mood worsens, permanently.

It cannot be good for the human spirit.

The term implies that we are somehow looking for doom because it gives us a dopamine rush or something. Testing this idea, I’ve variously tried to avoid doing that. But there is a problem. It is impossible to avoid simply because the bad news is so ubiquitous. In fact, I’ve come to distrust any venues that are not reporting it!

Many people have concluded that if we are looking for something other than doom, we should leave what we called “the news” entirely and focus on culture, religion, philosophy, history, art, poetry, or find something practical and productive to do.

I recently met a wonderful Mennonite family living in Amish country in Pennsylvania. They live a completely unplugged life: no cell phones, no internet, no TV. There are only books, community worship, farming, tending to livestock, shopping at local stores, and visiting with neighbors.

I never could have imagined that there would come a time when I would say to those who have completely seceded from modern life: you might be doing it the right way. There is something truly brilliant about the choices you have made.

Sure, they have created a bubble for themselves, one of their own choosing as an extension of their understanding of their faith tradition. One point I observed: they surely seemed happy. Not in a fake way that we see on social media but authentically happy.

Once you leave that world and dip back into normal life, it’s just undeniable. The headlines are filled with tragedy at home and abroad, much of it an outgrowth of population despair. The list is familiar: learning loss, substance addiction, suicide ideation, public and private violence, massive and well-earned distrust of everything and everyone, raging conflict at all levels of society.

It’s hard consolation that so many predicted this outcome of the pandemic response. We knew from the empirical literature that unemployment is associated with suicide, that isolation is connected with personal despair, that loss of community leads to psychopathology, that dependency on substances produces ill health.

So many warned of this outcome from what governments did. In many ways, the world before lockdowns seemed fixable. Afterwards, too much is broken and ruined to imagine redemption.

A good example for me is mainstream corporate media. There was a time when I could listen to NPR or read the New York Times (NYT) and disagree but think: well, that’s a perspective I reject but still I benefit from knowing it. It seemed like we were all part of the same national conversation.

This is no longer true. What made the difference? Probably the realization that they are not just confused or pushing some biased outlook but rather actively covering up and lying. Realizing that is incredibly disorienting.

There is something about pretending that the lockdowns and all that followed were completely normal that discredits them. They do it constantly. Sometimes the media will report on learning loss or the suicide epidemic or rising ill health in the population. But there seems to be this studious attempt to pretend that no one knows why it is happening.

Or my least favorite tactic: pretending as if the pandemic necessitated all this and that it was not an outgrowth of deliberate decision-making on the part of elites.

This stuff makes me want to scream: they locked us down when it was totally unnecessary!

As my friend Aaron Kheriaty often observes, they believe we are stupid. They actually think we cannot make connections, have no memory, no knowledge of anything serious, and will just eat up their porridge of baloney daily while exercising no critical intelligence over any of it.

This rubs me wrong particularly on the subject of the mRNA shots designed to address the virus. We know for certain that they were oversold and failed in all the ways they were supposed to succeed. We are further flooded with evidence of their harms both from personal experience and the scientific literature.

But do we read or hear about this in the legacy media? Absolutely not. Even when it is overwhelmingly clear that the shot should be considered a possible cause in the sudden rise of heart attacks, sudden death, turbo cancers, and maladies of all sorts, this whole subject is somehow unsayable in the corporate media.

The silence on this topic is so conspicuous and apparent that it discredits everything else. And what is the reason for it? Well, pharma advertising provides a stunning 75 percent of revenue for mainline television. That’s an astounding number. The networks are simply not going to bite the hand that feeds them.

That’s true for TV and probably something similar applies to everything else too.

What does this mean for the rest of us? It means that every time we turn on the TV, we are risking getting propagandized by companies that are seriously in league with the government to generate the highest possible revenue stream for themselves regardless of the consequences.

And why zero focus on vaccine injury? Incredibly, the companies themselves are indemnified against liability for any harms they cause. Just think about the implications of this. Even if you know for sure that you have been harmed by a product you were forced or otherwise manipulated to take, there is almost nothing you can do about it.

That’s an incredible fact, and goes a very long way toward explaining the silent treatment.

The discrediting of major media in this context reveals a deeper and more terrifying truth. Much of the elite class of economic and social managers do not have our best interests in mind. Once you realize this, the color of the world changes for you. Once you gain that insight, there is pretty much no going back from it.

Millions have come to this realization over the last four years. It has changed us as people. We desperately want to live normal happy lives but we are overwhelmed by what we’ve learned. It’s like the curtain was pulled back and we have seen what is really going on. The whole of official culture is screaming at us to ignore that man behind the curtain.

I’ve recently taken my own advice and thrown myself into reading history as a refuge. My choice was probably not the best if my goal was to brighten my spirits. I have been reading “The Vampire Economy” by German economist and financier Gunter Reimann, published in 1939 (and which I scanned and uploaded with the author’s permission).

The book was written as the Nazi Party had gained full control of government (and everything else) and the full war in Europe was about to commence with the German invasion of Poland.

Reimann brilliantly dissects the reality of a regime that cared nothing for the spreading suffering of the people.

“Nazi leaders in Germany do not fear possible national economic ruin in wartime,” he writes.

“They feel that, whatever happens, they will remain on top, that the worse matters become, the more dependent on them will be the propertied classes. And if the worst comes to the worst, they are prepared to sacrifice all other interests to maintain their hold on the State. If they themselves must go, they are ready to pull the temple down with them.”

That’s a bracing analysis and it could apply to many regimes in history, not just the Nazis. Indeed, good government in history has rarely been the norm. Power often benefits from suffering. As Americans we are not used to thinking this way about our elites. But it is probably time to realize that this trajectory is very much in play.

This might be the most striking change among millions of Americans over the last five or so years. We’ve come to realize that our leaders in so many sectors of American life (or global life, for that matter) do not favor our best interests. This is a troubling realization but it explains so much. It’s why the elites did not care about the harms of lockdowns or untested shots and are unconcerned about inflation, mass immigration, the rise of crime, squatting and the insecurity of property, exploding government debt, growing population surveillance, or anything like the normal rules of civilized life.

The regime, in the broadest possible way we can conceive of that term, simply doesn’t care. Even worse, it grows and benefits at our expense. They know it. We know it. They like it this way.

Tyler Durden Sat, 04/20/2024 - 07:00

Peter Schiff: Printing Money Is Not the Cure for Cononavirus

Financial Armageddon -


Peter Schiff: Printing Money Is Not the Cure for Cononavirus



In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets. Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system. All this means more liquidity — central banks easing. In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China.” Although the new money is primarily being created in China, it is flowing into dollars — the dollar index is up — and into US stocks. Last week, US stock markets once again made all-time record highs. In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.” In the midst of all this, Peter raises a really good question. The primary economic concern is that coronavirus will slow down output and ultimately stunt economic growth. Practically speaking, the world would produce less stuff. If the virus continues to spread, there would be fewer goods and services produced in a market that is hunkered down. Why would the Federal Reserve respond, or why would any central bank respond to that by printing money? How does printing more money solve that problem? It doesn’t. In fact, it actually exacerbates it. But you know, everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation.” Sometimes the illusion inflation creates can look like a magic wand. Printing money can paper over problems. But none of this is going to fundamentally fix the economy. In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.” Peter explained how the Fed was originally intended to create an “elastic” money supply that would expand or contract along with economic output. Today, the money supply only goes in one direction — that’s up. The economy is strong, print money. The economy is weak, print even more money.” Of course, the asset that’s doing the best right now is gold. The yellow metal pushed above $1,600 yesterday. Gold is up 5.5% on the year in dollar terms and has set record highs in other currencies. Because gold is rising even in an environment where the dollar is strengthening against other fiat currencies, that shows you that there is an underlying weakness in the dollar that is right now not being reflected in the Forex markets, but is being reflected in the gold markets. Because after all, why are people buying gold more aggressively than they’re buying dollars or more aggressively than they’re buying US Treasuries? Because they know that things are not as good for the dollar or the US economy as everybody likes to believe. So, more people are seeking out refuge in a better safe-haven and that is gold.” Peter also talked about the debate between Trump and Obama over who gets credit for the booming economy – which of course, is not booming.






Dump the Dollar before Bank Runs start in America -- Economic Collapse 2020

Financial Armageddon -












We are living in crazy times. I have a hard time believing that most of the general public is not awake, but in reality, they are. We've never seen anything like this; I mean not even under Obama during the worst part of the Great Recession." Now the Fed is desperately trying to keep interest rates from rising. The problem is that it's a much bigger debt bubble this time around , and the Fed is going to have to blow a lot more air into it to keep it inflated. The difference is this time it's not going to work." It looks like the Fed did another $104.15 billion of Not Q.E. in a single day. The Fed claims it's only temporary. But that is precisely what Bernanke claimed when the Fed started QE1. Milton Freedman once said, "Nothing is so permanent as a temporary government program." The same applies to Q.E., or whatever the Fed wants to pretend it's doing. Except this is not QE4, according to Powell. Right. Pumping so much money out, and they are accusing China of currency manipulation ? Wow! Seriously! Amazing! Dump the U.S. dollar while you still have a chance. Welcome to The Atlantis Report. And it is even worse than that, In addition to the $104.15 billion of "Not Q.E." this past Thursday; the FED added another $56.65 billion in liquidity to financial markets the next day on Friday. That's $160.8 billion in two days!!!! in just 48 hours. That is more than 2 TIMES the highest amount the FED has ever injected on a monthly basis under a Q.E. program (which was $80 billion per month) Since this isn't QE....it will be really scary on what they are going to call Q.E. Will it twice, three times, four times, five times what this injection per month ! It is going to be explosive since it takes about 60 to 90 days for prices to react to this, January should see significant inflation as prices soak up the excess liquidity. The question is, where will the inflation occur first . The spike in the repo rate might have a technical explanation: a misjudgment was made in the Fed's money market operations. Even so, two conclusions can be drawn: managing the money markets is becoming harder, and from now on, banks will be studying each other's creditworthiness to a greater degree than before. Those people, who struggle with the minutiae of money markets, and that includes most professionals, should focus on the causes and not the symptoms. Financial markets have recovered from each downturn since 1980 because interest rates have been cut to new lows. Post-2008, they were cut to near zero or below zero in all major economies. In response to a new financial crisis, they cannot go any lower. Central banks will look for new ways to replicate or broaden Q.E. (At some point, governments will simply see repression as an easier option). Then there is the problem of 'risk-free' assets becoming risky assets. Financial markets assume that the probability of major governments such as the U.S. or U.K. defaulting is zero. These governments are entering the next downturn with debt roughly twice the levels proportionate to GDP that was seen in 2008. The belief that the policy worked was completely predicated on the fact that it was temporary and that it was reversible, that the Fed was going to be able to normalize interest rates and shrink its balance sheet back down to pre-crisis levels. Well, when the balance sheet is five-trillion, six-trillion, seven-trillion when we're back at zero, when we're back in a recession, nobody is going to believe it is temporary. Nobody is going to believe that the Fed has this under control, that they can reverse this policy. And the dollar is going to crash. And when the dollar crashes, it's going to take the bond market with it, and we're going to have stagflation. We're going to have a deep recession with rising interest rates, and this whole thing is going to come imploding down. everything is temporary with the fed including remaining off the gold standard temporary in the Fed's eyes could mean at least 50 years This liquidity problem is a signal that trading desks are loaded up on inventory and can't get rid of it. Repo is done out of a need for cash. If you own all of your securities (i.e., a long-only, no leverage mutual fund) you have no need to "repo" your securities - you're earning interest every night so why would you want to 'repo' your securities where you are paying interest for that overnight loan (securities lending is another animal). So, it is those that 'lever-up' and need the cash for settlement purposes on securities they've bought with borrowed money that needs to utilize the repo desk. With this in mind, as we continue to see this need to obtain cash (again, needed to settle other securities purchases), it shows these firms don't have the capital to add more inventory to, what appears to be, a bloated inventory. Now comes the fun part: the Treasury is about to auction 3's, 10's, and 30-year bonds. If I am correct (again, I could be wrong), the Fed realizes securities firms don't have the shelf space to take down a good portion of these auctions. If there isn't enough retail/institutional demand, it will lead to not only a crappy sale but major concerns to the street that there is now no backstop, at all, to any sell-off. At which point, everyone will want to be the first one through the door and sell immediately, but to whom? If there isn't enough liquidity in the repo market to finance their positions, the firms would be unable to increase their inventory. We all saw repo shut down on the 2008 crisis. Wall St runs on money. . OVERNIGHT money. They lever up to inventory securities for trading. If they can't get overnight money, they can't purchase securities. And if they can't unload what they have, it means the buy-side isn't taking on more either. Accounts settle overnight. This includes things like payrolls and bill pay settlements. If a bank doesn't have enough cash to payout what its customers need to pay out, it borrows. At least one and probably more than one banks are insolvent. That's what's going on. First, it can't be one or two banks that are short. They'd simply call around until they found someone to lend. But they did that, and even at markedly elevated rates, still, NO ONE would lend them the money. That tells me that it's not a problem of a couple of borrowers, it's a problem of no lenders. And that means that there's no bank in the world left with any real liquidity. They are ALL maxed out. But as bad as that is, and that alone could be catastrophic, what it really signals is even worse. The lending rates are just the flip side of the coin of the value of the assets lent against. If the rates go up, the value goes down. And with rates spiking to 10%, how far does the value fall? Enormously! And if banks had to actually mark down the value of the assets to reflect 10% interest rates, then my god, every bank in the world is insolvent overnight. Everyone's capital ratios are in the toilet, and they'd have to liquidate. We're talking about the simultaneous insolvency of every bank on the planet. Bank runs. No money in ATMs, Branches closed. Safe deposit boxes confiscated. The whole nine yards, It's actually here. The scenario has tended to guide toward for years and years is actually happening RIGHT NOW! And people are still trying to say it's under control. Every bank in the world is currently insolvent. The only thing keeping it going is printing billions of dollars every day. Financial Armageddon isn't some far off future risk. It's here. Prepare accordingly. This fiat system has reached the end of the line, and it's not correct that fiat currencies fail by design. The problem is corruption and manipulation. It is corruption and cheating that erodes trust and faith until the entire system becomes a gigantic fraud. Banks and governments everywhere ARE the problem and simply have to be removed. They have lost all trust and respect, and all they have left is war and mayhem. As long as we continue to have a majority of braindead asleep imbeciles following orders from these psychopaths, nothing will change. Fiat currency is not just thievery. Fiat currency is SLAVERY. Ultimately the most harmful effect of using debt of undefined value as money (i.e., fiat currencies) is the de facto legalization of a caste system based on voluntary slavery. The bankers have a charter, or the legal *right*, to create money out of nothing. You, you don't. Therefore you and the bankers do not have the same standing before the law. The law of the land says that you will go to jail if you do the same thing (creating money out of thin air) that the banker does in full legality. You and the banker are not equal before the law. ALL the countries of the world; Islamic or secular, Jewish or Arab, democracy or dictatorship; all of them place the bankers ABOVE you. And all of you accept that only whining about fiat money going down in exchange value over time (price inflation which is not the same as monetary inflation). Actually, price inflation itself is mainly due to the greed and stupidity of the bankers who could keep fiat money's exchange value reasonably stable, only if they wanted to. Witness the crash of silver and gold prices which the bankers of the world; Russian, American, Chinese, Jewish, Indian, Arab, all of them collaborated to engineer through the suppression and stagnation of precious metals' prices to levels around the metals' production costs, or what it costs to dig gold and silver out of the ground. The bankers of the world could also collaborate to keep nominal prices steady (as they do in the case of the suppression of precious metals prices). After all, the ability to create fiat money and force its usage is a far more excellent source of power and wealth than that which is afforded simply by stealing it through inflation. The bankers' greed and stupidity blind them to this fact. They want it all, and they want it now. In conclusion, The bankers can create money out of nothing and buy your goods and services with this worthless fiat money, effectively for free. You, you can't. You, you have to lead miserable existences for the most of you and WORK in order to obtain that effectively nonexistent, worthless credit money (whose purchasing/exchange value is not even DEFINED thus rendering all contracts based on the null and void!) that the banker effortlessly creates out of thin air with a few strokes of the computer keyboard, and which he doesn't even bother to print on paper anymore, electing to keep it in its pure quantum uncertain form instead, as electrons whizzing about inside computer chips which will become mute and turn silent refusing to tell you how many fiat dollars or euros there are in which account, in the absence of electricity. No electricity, no fiat, nor crypto money. It would appear that trust is deteriorating as it did when Lehman blew up . Something really big happened that set off this chain reaction in the repo markets. Whatever that something is, we aren't be informed. They're trying to cover it up, paper it over with conjured cash injections, play it cool in front of the cameras while sweating profusely under the 5 thousands dollar suits. I'm guessing that the final high-speed plunge into global economic collapse has begun. All we see here is the ripples and whitewater churning the surface, but beneath the surface, there is an enormous beast thrashing desperately in its death throws. Now is probably the time to start tying up loose ends with the long-running prep projects, just saying. In other words, prepare accordingly, and Get your money out of the banks. I don't care if you don't believe me about Bitcoin. Get your money out of the banks. Don't keep any more money in a bank than you need to pay your bills and can afford to lose.











The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more













The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Hillary Clinton's Top Secret Files Revealed Here

Financial Armageddon -

The FBI released a summary of its file from the Hillary Clinton email investigation on Friday, showing details of Clinton's explanation of her use of a private email server to handle classified communications. The release comes nearly two months after FBI Director James Comey announced that although Clinton's handling of classified information was "extremely careless," it did not rise to the level of a prosecutable offense. Attorney General Loretta Lynch announced the next day that she would not pursue charges in the matter. "We are making these materials available to the public in the interest of transparency and in response to numerous Freedom of Information Act (FOIA) requests," the FBI noted in a statement sent to reporters with links to the documents. The documents include notes from Clinton's July 2 interview with agents, as well as a "factual summary of the FBI's investigation into this matter," according to the FBI release. Throughout her interview with agents, Clinton repeatedly said she relied on the career professionals she worked with to handle classified information correctly. The agents asked about a series of specific emails, and in each case Clinton said she wasn't worried about the particular material being discussed on a nonclassified channel.





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