MrRenev

Economic, geopolitic, monetary news. Issue No 8.

FX:EURUSD   Euro / U.S. Dollar
1- Get rich quick: Conspiracy guilty supplement company that got closed resurfaced and they have issues again
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In a youtube video, bodybuilder John Meadows (Moutain dog), GS VP turned fitness businessman, talks about a supplement company (ran by someone called Wes Hauser, in Atlanta) that were manufacturing a product which he designed, they kept his name on it but the ingredients were all off, and then it was found they cut costs on ingredient, replacing some, changing doses, I don't think there was any cardboard in the mix, but they were some illegal steroids imported from China/HKG.

Wes Hauser a few years ago struck a deal and pleaded guilty to a count of conspiracy, yes conspiracy is a real charge not just something crazy people do. Conspiracy and speculating those are the bad words that sheep love to hear, that are used to make people look crazy, detectives speculate on suspects, motives, crime scenes, murder weapons, and use the evidence they have and their rigorous speculation to formulate conspiracy theories. Oh no they must be crazy! What about those crazy conspiracy nuts that said the NSDAP had big plans for war and for the jews?
Woohoo, where are those that laughed? They all quickly disappeared! Just like anyone that has been calling me a perma bear since 2017 :D

Anyway the same people, or at least that Wes Hauser, is back in business, and in the same town, Atlanta, a new company with a new name.
And big surprise, their used ingredients have been found to be different to what is on their displayed ingredient list, who could have guessed?
I think the FDA has given them yet another chance... But you just know they'll get in trouble again. Once a criminal always a criminal.
You can read about the story/stories online in the news, or you can watch the video. No matter what businesses you run, don't try to get rich quick. You just know those guys are going to keep cheating and trying to get rich quick their whole life and getting in trouble, for a shot at maybe getting lucky and escaping the law. If they just played by the rules from the start they might have made it already who knows...



2- Intense stupidity: Corona sales plummeted, while spirits in particular Tequila (that uses bats) skyrocketed
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To be precise, if I got this correctly, Corona sales first went way down, in part because people stopped going out, and there were polls where a large number of supersticious idiots said they did not fully understand the link between Corona and Coronavirus - I don't remember the exact wording but it was something along those lines. Some people (38%) back in a feb poll said they'd never buy the beer under any circumstance but I don't know what that number was before the virus fearmongering campaign started.
Corona beer sales have recovered, but spirits are the ones with the best quarter (correct me if I am wrong) with in particular Tequila and I just wanted to mention them because Tequila is very special: It uses the tequila plant (it's called agave or something) which gets polinated by bats.

The depression will provide some nice cheap prices. And will all the sad depressed alcoholics, price will go up up up.
ABI (the biggest one) is already at 2007 levels haha! They're Belgian ofc, so they don't have the overpriced effect USA companies have (and some other including Indian).

"There is as much chance of repealing as there is for a hummingbird to fly to the planet Mars with the Washington Monument tied to its tail." - An idiot that was very, very, oh so very wrong in 1930.



3- Intense stupidity: Most young americans (muh education) in a street poll have no clue what the 4rth of July is
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A quick one here before deviating, the eDuCaTiOn obsessed young muricans don't even know what the 4rth of July stands for, all the supersticious brainwashed idiots know is that "it's racist or something". I bet all the "dumb rednecks" know exactly what the 4rth of July is :D
The USA are one of the most "educated" country in the world, but afaik most of their brains come from foreign countries (and that's going to stop soon, the word you are looking for is "aaaaaaaaaaaaaaaaaah"). They seem like such a bunch of complete idiots. I don't know exactly how high in the "most educated" tier list the USA are but I know they are pretty high, not 1rst of course, Russia has the 1rst spot, I also know Germany is way behind (they don't waste too much time on useless degrees, doesn't stop them from having a strong and resilient economy).
The average Murican can't place european countries on a map, not only that they can't even place their own states on a map!

What do they learn at school other than trashy junk science and the 780 genders? Math (and logic) has been a big disappointment for decades now, I don't even dare to look at how awful the level has gotten recently. Jim Simons says it's because decent mathematicians go work for big tech firms and quant funds, and what's left to teach are the bottom of the bucket. That's probably a big reason.
I really wonder what's going on in US universities, I spent 3 months in 1 but I didn't go to classes, I just co wrote a paper there.
They seemed like reasonable human beings, it was a while ago thought, AND it was a STEM area, no gender fluid studies there.
These "universities" sound like the biggest bunch of absolute cretins. In France we have an elitist system where apart from a few select ones, all universities are basically absolute trash that accept anyone. They got thousands of low level students, classes are huge, students are lazy. Seems like such a waste of time to go there. The elites go to "schools" and institutes that at minimum study a dossier on the student, but most require an exam. The 1 university I know to be selective has no exam (afaik), they look at dossiers instead, and trust me to get in finance (at least back then) they will ONLY look at your english and maths xd I got accepted having 15+/20 in maths and english (and a math specialty with a high score too) and around 0 in every other subject except physics :D Man all these subjects are so useless why do they even exist? Such a waste of gov budget...

I really wish the world would not waste so much on useless studying. At least France is doing something right, while alot of money and effort is wasted on the delusional no future people that all are accepted in Universities provided they got a high school degree (and some schools that are total scams accept students even without a degree - gullible people gonna be gullible), at least the elites that will be productive and pay taxes get their school covered, including a place to sleep, food, etc. And the top school students have special status (official, officer, ...) so their students get a salary, something around 1500 euros is usual I think. They are going to be high ranking officials, managers, scientists, officers...
Those are the most selective schools, and graduates will pay a whole lot of taxes, so it's truly a good investment by the government.
Of course, the no future surrender losers are whining that competitivity is bad and we should all be equal losers and surrender and no school should be selective anyone should be able to go where they want and be a garbage pos loser that loves to surrender and find excuses for failing.
The only countries I know to have such a système of competitive exam institutes or "grandes écoles" are France (duh), Algeria Tunisia Morocco, India, Ghana, and China was interested but I'm not sure what they got exactly.
Problem with all these countries (except France and I guess more and more China) is all the elites just get out. Ghana has been crying for a while about it. Engineers and so one just move to West Europe & NA where they'll make much more money. The USA are going full supersticious prehistoric animals (that use junk science as their god ironically, science, the thing that is supposed to be the opposite of superstitions), not quite sure about Europe. But I'm sure countries that are not rich will be able to retain much more brains and go up up up. I see a bright future for the arab world, well not sure, maybe WW2 in the middle east... But North Africa should be good. If the islamists are in check I might go live in Tunisia myself, I'm so fed up with the supersticious virtuous pious woke marxist templars of the west. And it's too cold in the winter.



4- Stock market: Unemployment still at great depression levels and alot of job losses are permanent. Unpriced
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Nice "recovery" by the US indices, there are still tens of millions of unemployed people, and a large number are permanent.
And even if a number of the unemployed are just being decalred now to get checks, there's plenty that are really new. And the added permanent ones are a problem. I do not know how many are permanent (a bunch of businesses closed, so at least there are those jobs).
You better bet that alot of companies used this crisis to get rid of anyone they considered a deadweight that they were carying for a while and could not easilly get rid of.
Plus let's be honest, democrats are trying their hardest to destroy the US economy to make Trump look bad, they're willing to pay any price. Sorry, I meant they're willing to make the population pay any price. Not themselves duh! Let's defund the police and hire private security for ourselves on taxpayer dollars amirite!
I trust them to make a great job destroying the US economy ^^
Dog goes "woof"
Cat goes "meow"
Bird goes "tweet"
And bear goes "IT'S GOING TO ZERO"



5- Venezuela gold news: England court said no, you cannot sell your gold, we don't recognize Maduro
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Leaders of the socialist utopia have been whining for a while about their gold being stuck in England.
UK high court has given it's verdict: get rekt m8 we aren't giving anyone the gold.
The west backed opposition is just going to keep getting in the way of socialist utopia führer Maduro, and say he rigged the elections and try to impeach him and so on... I don't get it, they were all so happy they had tears in their eyes a few years ago, and now they're mad, what happened? Changed their minds? Haha get f'ed.
Chavez won elections with 60% and massive support and they were some coups back then. Did something really change? Were they rigged back then?
Hollywood and the deep state were the biggest supporters of Chavez lmao that aged well. Stupid morons, performance monkeys, know your place.



6- BIS warns of generational crisis & biblical tsunami, and for the first time since 1950 suspends dividends
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And bear goes "Oh happy day, everything is imploding and I told you so". I am delighted. Spoiler: they did not use those exact words (but close).
The morbidly obese guy with a huge body and tiny head said he had never imagined he'll live such a crisis. Need a bigger head duh!
He had warned BEFORE 2020 of fragility, and the potential for boom boom, but looks like it it much worse than what he had imagined.
Who's the perma bear now?
In reports, the BIS calls the coronacrisis "generation-defining". You can do a research on those keywords on their site, plenty of results.
Say it once again. Generation-defining crisis. Ah yeeeesss, it feels good.
"A global shock of this magnitude puts a premium on international cooperation.". There's a big premium on China-India cooperation right now haha.
There's a big big premium in the USA between blacks & whites.
They don't use the words depression, recession, tsunami, etc... Lame. They're trying so hard not to scare anyone when it's clearly a gigantic collapse.
The director himself said he never thought he'd see such a crisis in his lifetime, and they keep warning about the crisis and its consequences.
But they keep avoiding no-no words to not scare simpleton. It's so stupid, they literally explain it is biblical and we're all going to die but let's avoid simple words that scare stupid people.
"2020 will be a year for the history books ... output drops have been the largest since the Great Depression ... global sudden stop ... crippled both supply and demand, crushing the production of goods and services." So close to calling it a great depression, come on.
They really like the word risk, there's 1 every sentence.
Awww but why do they only use euphemisms, idiots don't understand euphemisms. Well I shouldn't argue with idiots anyway, plus when proven wrong they act victorious anyway so whatever they're so far beneath me why even bother.

"Although the profit for the financial year came in at SDR 166 million, SDR 295 million less
than in the previous year, our total comprehensive income more than doubled, to
SDR 1.6 billion, boosted by substantial unrealised valuation gains from the rising gold
price and a fall in bond yields." (The SDR is the IMF world reserve currency that tries to be less dependant on the USD).
-> Buy Gold
-> Make Gold tier 1
-> Oh noes! A big crisis! Quick! Rush to Gold!
-> Rub hands

About the dividends my source is the belgian bank: www.nbb.be/en/articl...ay-out-dividend-2020
A few months ago, the ECB asked banks not to pay dividends for the year. BIS just showing the example.
Hey isn't that a systemic risk? If top banks don't pay then other banks below in the pyramid scheme can't pay, and so on.
Taxpayers should take the blow to make sure bankers get their full profits. Even if they all made big gains on gold (at least Russia China and major central banks did now I don't know about all banks).

The most important release is probably the annual economic report www.bis.org/about/ar...port/areport2020.htm
Page 21 they drew their cryptocurrency pyramid scheme I see. 1 crypto to rule them all. That's some scary s**t right there.

Back in 2007 the BIS warned of great depression dangers from a credit bubble popping from greedy bankers speculating on trash bonds with mega leverage. Spoiler: the BIS was right (except it didn't go all the way to a great depression maybe because "QE and bailouts worked" - the USA are burning and they are dealing with a communist revolution and are entering the greatest depression in history 10 years later but hey, it worked great! Well done!)
www.telegraph.co.uk/...om-credit-spree.html

If you wonder what direction they'll keep going just look at the heads of governors meetings: Powell, German guy, French guy.
It's going to be the same guys, the same countries, the same tools, and a big big explosion.
MrRenev "warns of risks" of biblical collapse and possible "risks" to western central bank governors.
I'm going to do what they do and replace everything bearish by "warn of risk". What a running gag.
Oh and also rather than say "absolute collapse that decimated the lifesavings of millions" I'll say "there was volatility in the markets" 🙃
I found out why they call it volatility, it is because when it happens your savings... volatilize. Sorry.

I'm so tired of those slow mode no trend markets, even Bitcoin is not spared lol. I can't wait for "risks" and "volatility".

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