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"BANKS ARE IN BETTER SHAPE THAN IN 2008"?YOU WILL HEAR FROM VIRTUALLY EVERYONE THAT "THE U.S. FINANCIAL SYSTEM IS BETTER CAPITALIZED THAN IN 2008"! IF THIS IS THE CASE: 1) WHY DID THE FEDERAL RESERVE HAVE TO REMOVE RESERVE REQUIREMENTS? 2) WHY HAS THE FEDERAL RESERVE BEEN KEEPING THE REPO MARKET ON LIFE SUPPORT SINCE MID-SEPTEMBER? 3) WHAT % OF FINANCIAL ASSETS ARE OFF-BALANCE SHEET? 4) WHAT % OF LOANS ARE AT RISK OF DEFAULT WITHOUT FED/GOVERNMENT INTERVENTION? 5) WHY ARE FINANCIAL INSTITUTIONS REFUSING TO ENGAGE IN LOAN PRACTICES WITHOUT FULL GOVERNMENT GUARANTEE? 6) WHAT ARE THE BIGGEST BANKS' EXPOSURE TO DERIVATIVES? 7) ARE CREDIT RATINGS ACCURATELY DEPICTING RISK? THE ANSWERS TO THESE QUESTIONS PAINT A CLEAR PICTURE: HELL NO!
NYSE:JPMShort
by UnknownUnicorn4195243
INFLATION VS DEFLATION!INDUSTRIAL METAL PRICES HAVE BEEN SQUEEZED BY 2 OPPOSING BUY-SIDE FACTORS: 1) A SLOWING, DEPRESSIONARY WORLD ECONOMY WITH DIMINISHED DEMAND FOR ENERGY AND INDUSTRIAL MATERIALS, ALONG WITH A GLOBAL DOLLAR SHORTAGE! 2) CENTRAL BANKS ENGAGING IN RECORD-LEVEL CURRENCY CREATION COMBINED WITH UNPRECEDENTED FISCAL STIMULUS BY GLOBAL GOVERNMENTS! IF INFLATION PROVIDES SUPPORT TO THE PRICE OF OIL, INDUSTRIAL METALS WILL CONTINUE TO INCREASE IN PRICE FROM THEIR '15-'16 BOTTOM!
TVC:USOILLong
by UnknownUnicorn4195243
"Free stuff" part 2: Just print money!Reminder of my idea about taxing the rich as a solution: And so (high) inflation.... Here is an economist article on it, they have a chart with the budget balance. www.economist.com I'll make some bullet points here too about inflation: - The government robs wealth from the whole population to fund programs. Printed money isn't real money, you can't just print money out of thin air, they dilute the money supply making every one poorer except those that get the money first (banks and big stock holders in the USA, France and the UK in Germany) - It snowballs and ends up making the whole country poorer - Politicians and even emperors have been doing it so many times over the last thousands of years. IT. HAS. NEVER. WORKED. - The people hurt first are savers, people with fixed income (anyone that works), taxpayers (every one) since you will move to a high tax bracket while not really making more - People that don't work and get free stuff are happy at first (remember, koko the gorilla...), and then once the government can't support them no more they starve to death (well done), a "condescending tone" is the least of their concerns - The wealthy, the entrepreneurs are not going to bother building anything, they'd rather speculate, look for valuable assets that won't depreciate (as much). Can be real estate (hey even the Venezuela government did that, in particular with exiles homes), foreign stocks, gold (hey even the Venezuela government did that), cryptocurrencies like bitcoin in zimbabwe (hey even the Venezuela government did that) - If no one makes stuff then there is no stuff. You cannot legislate it into existence. This is painfully obvious what isn't is the process in which it destroys a country, what I attempted to list here. Crazy money printing to offer "free stuff" always ends badly. Every single time. Here is a nice little essay on Bernie Sanders senator page, it's from 2011: www.sanders.senate.gov Ahem, ahem, *clears throat*, I quote: "These days, the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina, where incomes are actually more equal today than they are in the land of Horatio Alger. Who's the banana republic now?" As you know, Bernie is pro "free stuff", and never had a real job. Therefore it is no surprise that he still has not delete that page, gee, that's alot of hard work! 😉 Bernie Sanders, praising Venezuela & Argentina in 2011. Nice. And then during his campaign for 2020 he was saying "I'm not thinking of Venezuela and Argentina those are bad places". Maybe Bernie has lost his memory like sleepy Joe? He praised the Soviet Union, then he pretended he never did, then he praised Venezuela and Argentina, then he pretended he never did, then he praised Europe ... Eu... OH MY GOD WE ARE NEXT WE ARE DONE FOR! Oh this Bernie. I will make an idea with his finest quotes, I promise. Here is a fine picture of Chavez holding hands with Michael Moore the american feminist andit white man pro free stuff filmmaker. Maduro is walking next to them. Moore can't pretend he wasn't there😉 adribosch.wordpress.com Short sell any country that promises free stuff. Part 3 could be debt spending (stealing money from future generations) and part 4 government spending in general, regroups all 3 parts.
NYMEX:CL1!Education
by MrRenev
7
PETER SCHIFF VS JEFF SNIDER!THIS POST WILL HELP YOU UNDERSTAND THE COMPETING VIEW POINTS ON THE FUTURE PERFORMANCE OF THE U.S. DOLLAR RELATIVE TO OTHER CURRENCIES! JEFF SNIDER'S POSITION ON THE DOLLAR: THE U.S. DOLLAR IS STRONG BECAUSE OF A SHORTAGE OF DOLLARS WORLDWIDE TO CONDUCT GLOBAL TRADE IN, DUE TO THE FED'S INABILITY TO TRULY SATISFY DEMAND FOR U$Ds, AND WILL CONTINUE TO STRENGTHEN AS LONG AS FOREIGN CURRENCIES ARE SOLD TO BUY U$Ds. PETER SCHIFF'S POSITION ON THE DOLLAR: THE U.S. DOLLAR IS STRONG BECAUSE OF AN IRRATIONAL FAITH IN THE U.S. ECONOMY BY FOREIGNERS AND THE WILLINGNESS OF PRODUCTIVE ECONOMIES WORLDWIDE TO USE AND ACCEPT PRINTED U.S. DOLLARS IN GLOBAL TRADE, SUBSIDIZING THE CONSUMPTION AND TRADE DEFICIT OF THE U.S. JEFF SNIDER'S POSITION ON U.S. TREASURIES: THE U.S. GOVERNMENT BOND MARKET HAS BEEN BID HIGHER FOR DECADES AS U.S. TREASURIES PROVIDE THE SAFEST SOURCE OF U$Ds AND ARE THE MOST ACCEPTED FORM OF COLLATERAL FOR U$D LEVERAGE. IF U$D LIQUIDITY BECOMES CONSTRAINED ENOUGH WORLDWIDE, A SELL-OFF IN THE GLOBAL U.S. TREASURY MARKET CAN OCCUR AS THEY ARE SOLD FOR THE IMMEDIATELY NEEDED U$Ds, RAISING INTEREST RATES THROUGHOUT THE FINANCIAL SYSTEM AND THE ECONOMY. PETER SCHFF'S POSITION ON U.S. TREASURIES: THE FEDERAL RESERVE'S ARTIFICIAL SUPPRESSION OF INTEREST RATES SINCE THE 1990's THROUGH QE , COUPLED WITH THE USE OF U$Ds IN GLOBAL TRADE AND THE IRRATIONAL FAITH BY FOREIGNERS THAT THE FEDERAL RESERVE COULD SHRINK ITS BALANCE SHEET AND NORMALIZE INTEREST RATES HAS LED TO FOREIGN CAPITAL BIDDING UP THE PRICE OF U.S. GOVERNMENT BONDS. ONCE THAT FAITH IN THE DOLLAR'S SCARCITY IS DIMINISHED AND PRODUCTIVE ECONOMIES WORLDWIDE REFUSE TO HOLD/ACCEPT U$Ds AND SUBSIDIZE AMERICAN CONSUMPTION, U.S. TREASURIES WILL BE SOLD-OFF, RAISING INTEREST RATES THROUGHOUT THE FINANCIAL SYSTEM AND THE ECONOMY. JEFF SNIDER'S VIEW ON THE FUTURE OF THE DOLLAR: AS LONG AS THE FEDERAL RESERVE FAILS TO ADDRESS THE COMPLEX NEED FOR U$Ds AND AS LONG AS THE U$D REMAINS THE WORLD RESERVE CURRENCY, DEMAND WILL OUTPACE SUPPLY, AND THE U$D WILL CONTINUE TO STRENGTHEN AGAINST OTHER CURRENCIES UNTIL A CULMINATION OF DEFAULTS AND RESTRUCTURING RAVAGES THE COUNTRIES WITH THE MOST SEVERE LACK OF U$Ds, SENDING THE U$D SKY HIGH, LEADING TO AN ABANDONMENT OF THE U$D AS WORLD RESERVE CURRENCY. PETER SCHIFF'S VIEW ON THE FUTURE OF THE DOLLAR: ONCE PRODUCTIVE COUNTRIES WORLDWIDE BECOME DISILLUSIONED WITH THE AMOUNT OF EASILY CREATED U$Ds CHASING PRICES, THE APPETITE TO ACCEPT THOSE U$Ds IN EXCHANGE FOR GOODS/SERVICES AT CURRENT PRICES WILL DIMINISH, ALONG WITH THE DESIRE TO HOLD U$Ds, U.S. ASSETS AND U.S. TREASURIES. ONCE U$Ds AND U$Ds OBTAINED THROUGH THE SALE OF U.S. ASSETS AND U.S. TREASURIES ARE SOLD FOR OTHER CURRENCIES, THE U$D WILL WEAKEN SIGNIFICANTLY, FURTHER INCREASING THE PRICES OF IMPORTED GOODS/SERVICES, SENDING THE U$D INTO AN INFLATIONARY SPIRAL, MARKING ITS END AS THE WORLD RESERVE CURRENCY. IN THIS CASE, IF THE FEDERAL RESERVE MONETIZED THE SOLD U.S. TREASURIES TO PREVENT INTEREST RATES FROM RISING, THIS COULD EASILY LEAD TO HYPERINFLATION. -THE NOTES ON THE CHART REFLECT KEY EVENTS THAT MARKED THE PEAK IN THE U$D's EXCHANGE RATE VS OTHER CURRENCIES
INDEX:DXYEducation
by UnknownUnicorn4195243