> Bank Of England chief economist claims US inflation is likely to spread to the UK
***********************
After the US inflation reached the "Yarrr you're a pirate - Steal 5% of the public's wealth each year" achievement, the BOE chief economist said their own inflation was likely to catch up. He mentionned the rising energy costs that were already putting upward pressure on prices and that they were bottlenecks in the labour supply.
Some people have claimed that companies simply had to pay their workers a decent wage. Fast food companies have started to fire everyone and use robots instead, other companies raised wages and are raising their prices. To be fair low wage workers don't really understand economics so they will be satisfied by the wage rises - "Hurrah" - and it will take them a few years to figure out they didn't really gain anything, at which point they will demand higher wages and government spending, be happy for a few years and then... Hey if they were able to understand this then they'll be able to do more than flip burgers, and they would not even ask about all of this, we wouldn't have the problem entirely. Checkmate. To be even more fair even engineers, doctors, and deputies & senators fail to grasp these concepts.
Inflation and economic concepts are not even that complex. So how can we teach the public about it? Worry not the FED has you covered!
On June 21 the FED of Cleveland has published 3 lego videos to explain the basics of inflation and broadcast propaganda - errr I mean explain how the FED does a wonderful job at making prices stable and building a fair world for everyone (try not to laugh challenge).
> The EU got the US to join their TTC effort (new TAFTA) with little attention
***********************
Sure corporate profits went up more than wages. But if you add the ballooning government spending to wages the sum is equal or greater to corporate profits.
Before people earn a wage and buy things with their hard earned money. Today they buy half with their money, get the other half from the government. Simple.
Which brings me to the comeback of the TAFTA, now disguised as the unadvertised TTC (Trade and Technology Council).
Some small media are covering it, there is an official press release (they are obligated to publish everything they do):
ec.europa.eu/commiss...detail/en/IP_21_2990
The TTC is a trade agreement between the EU & US like the TAFTA that was strongly opposed, especially by farmers and other self-employed people - do not expect much from tamed wageslaves -, it also gives censorship power to governments and big tech. The TTC is for now under the radar, and there has not been public backlash yet. I do not know much about it, I just know it sounds like more taxes and more government power and control, and people disliked it, and their texts contain words like "democratic", "promoting", "fair" and "climate" way too much for this to not be at least suspicious.
> The S&P panic might be over and retail positions are strongly short once again
***********************
The S&P 500 once again made a new high, and rallied above it this friday, and closed above the previous ATH.
Major Forex broker publishing their retail client positions show that short positions are going straight up, and the ratio is around 4 to 1 short:long.
The explanation given for the new high is the market being satisfied with the FED seductive words "Everything is going as planned", "It's not that bad", "Don't worry it's only temporary", "Ignore the FUD it's just noise". Like asking Elon Musk if I should buy Tesla shares or go short.
As usual with a planned economy (socialism), "everything is going great!", and the means of production are in the hands of a few, such as Blackrock.
So as long as they want prices to go up, prices will go up. You can whine about it, or you can profit from it.
Very recently Vladimir Putin, and some top Russian/Soviet spies have compared the US planned economy to their own back then, and the whole situation to the Soviet situation just before the end. So avoid this ridiculous "passive investing" nonsense, and be prepared to run for the exits!
I think Gorbachev talked of this too, or is it just my imagination? Probably he mentionned it between 2 sentences while whining about "we could have saved the Soviet Union if only...". Not that it would be relevant... Ramblings of a delusional senile old man...
> USDMXN: For the first time since 2018 the Mexican central bank raises rates
***********************
The pesos is undervalued relative to the USD by what? 50%? Good guys. Altruists. Seems like altruism has its limits, as Mehico, number 2 sucker to America after China (but really number 3 behind the European Union), seems to want to strengthen their currency a bit.
Inflation has skyrocketted, doubling in 2 months to 6% annualized. Their target is 3%. Last time inflation was this high was in 2017 just before the last rate increase. They only brought the rate from 4% to 4.25%.
The US suck in all the capital, all the workers, all the entrepreneurs, all the investments. Not much longer by the looks of it.
Kill America to Build Back Better. Hey! That may not be what they had in mind but that's going to be one successful operation.
It was not fair that this "superpower" (pbui) was sucking everything in, and exporting its inflation.
The downtrend is very hard to start (bull markets are born in pessimism), but at some point it accelerates very fast, simple crowd science.
Look at crowds that dance. First a few "weirdos" dance all by themselves, for a while. Then a few people join. And quickly it accelerates and trends.
And before you know it the people not dancing are the weird ones, the "anti-social", "what's wrong with you? you're in a bad mood?" lmao 5 minutes ago you were saying the ones dancing were ankward autists on drugs. Just a matter of time. As always, it's all about simple patience. Well not too much patience the death of the USD might have already started. Even if US inflation reduces like Japan did in the 90s atfer a quick spike up, there is no way the north americans will continue to suck the whole world wealth, and countries like Mexico will get their fair share.
> 10 days after ending the mask mandate highly praised 💉 Israel brings it back
***********************
🙂
Wow, who would have thought? "Take the damn jab and life will go back to normal". They love this phrase "A return to normalcy".
"HURRAY! Back to normal!". "Last time they said". Cracks me up every time.
What they all fail to grasp is: This is not a video game. There is no magical one size fits all solution that will just beat the boss and move to the next level. This is not a Zombie movie where the ending is Morgan Freeman narrating "And so they found THE CURE and the zombie outbreak (magically) ended and everything went back to normal we rebuilt everyone was happy the end". Children...
I am calling it now:
- The number of deaths in the US and EU will double, bringing the "over average" peak from ~10% to ~100%. They'll use it for fearmongering.
- The restrictions will continue (for a virus or the climate). They've been fascinated by China totalitarian methods and masks for a while.
- EU economies will continue their decline, perhaps it will accelerate (how can Greece decline even more?)
- Coronaviruses, which are much older than humans, are not going to go away (I have no polite word for the big brains that think so)
- There will be other infectious diseases too obviously
> Bitcoin hoovering around year lows and there is less than 1 month till TSLA 10-Q
***********************
Bitcoin is still around year lows, and by extension at best at the price Elon Musk bought when he decided to gamble his investors (and taxpayers) money.
China, just like september 2017, is cracking down on crypto. Bear trap perhaps. Bull whales can still go down before a big rally.
Hey where did the Buffalo factory money go? In gambling Bitcoin? So this is where it went?
Cathy Wood, a dumb fraud victim famous for getting lucky with Tesla and mistaking luck for talent, has - big surprise - gambled on Bitcoin 🙂
She bought 1 million share of the Grayscale Bitcoin Trust. I didn't really look into it but it has a 30% premium, so it's literally made up of idiots throwing money at anyone that wants to do arbitrage but my gut tells me this is too easy so I'm guessing one simply cannot cash out of this ponzi scheme. I did not do my research all I know is there is a big premium.
Ah that's what is great about dumbasses that think they are geniuses. Jérôme Kerviel. Nick Leeson. "Legends" on the internet. 16 years old prodigies.
They never learn their lesson without getting hurt. So the really lucky ones are those that lose at the start.
All these gamblers and fraud victims get false positive feedback and double up on their risky casino bets. And then get hurt. Badly.
"Normies" will brush off smart people and believe scammers, trolls and gamblers. Seems unfair that stupid trolls get lucky.
But what's cool is we know for a fact that sooner or later they will get hurt. All it takes is patience. They all end up burning themselves.
I hope Elon Musk goes to jail where he belongs. And Cathie Wood gets ridiculed as it should be. Might be soon, might be later. But it will happen.
***********************
After the US inflation reached the "Yarrr you're a pirate - Steal 5% of the public's wealth each year" achievement, the BOE chief economist said their own inflation was likely to catch up. He mentionned the rising energy costs that were already putting upward pressure on prices and that they were bottlenecks in the labour supply.
Some people have claimed that companies simply had to pay their workers a decent wage. Fast food companies have started to fire everyone and use robots instead, other companies raised wages and are raising their prices. To be fair low wage workers don't really understand economics so they will be satisfied by the wage rises - "Hurrah" - and it will take them a few years to figure out they didn't really gain anything, at which point they will demand higher wages and government spending, be happy for a few years and then... Hey if they were able to understand this then they'll be able to do more than flip burgers, and they would not even ask about all of this, we wouldn't have the problem entirely. Checkmate. To be even more fair even engineers, doctors, and deputies & senators fail to grasp these concepts.
Inflation and economic concepts are not even that complex. So how can we teach the public about it? Worry not the FED has you covered!
On June 21 the FED of Cleveland has published 3 lego videos to explain the basics of inflation and broadcast propaganda - errr I mean explain how the FED does a wonderful job at making prices stable and building a fair world for everyone (try not to laugh challenge).
> The EU got the US to join their TTC effort (new TAFTA) with little attention
***********************
Sure corporate profits went up more than wages. But if you add the ballooning government spending to wages the sum is equal or greater to corporate profits.
Before people earn a wage and buy things with their hard earned money. Today they buy half with their money, get the other half from the government. Simple.
Which brings me to the comeback of the TAFTA, now disguised as the unadvertised TTC (Trade and Technology Council).
Some small media are covering it, there is an official press release (they are obligated to publish everything they do):
ec.europa.eu/commiss...detail/en/IP_21_2990
The TTC is a trade agreement between the EU & US like the TAFTA that was strongly opposed, especially by farmers and other self-employed people - do not expect much from tamed wageslaves -, it also gives censorship power to governments and big tech. The TTC is for now under the radar, and there has not been public backlash yet. I do not know much about it, I just know it sounds like more taxes and more government power and control, and people disliked it, and their texts contain words like "democratic", "promoting", "fair" and "climate" way too much for this to not be at least suspicious.
> The S&P panic might be over and retail positions are strongly short once again
***********************
The S&P 500 once again made a new high, and rallied above it this friday, and closed above the previous ATH.
Major Forex broker publishing their retail client positions show that short positions are going straight up, and the ratio is around 4 to 1 short:long.
The explanation given for the new high is the market being satisfied with the FED seductive words "Everything is going as planned", "It's not that bad", "Don't worry it's only temporary", "Ignore the FUD it's just noise". Like asking Elon Musk if I should buy Tesla shares or go short.
As usual with a planned economy (socialism), "everything is going great!", and the means of production are in the hands of a few, such as Blackrock.
So as long as they want prices to go up, prices will go up. You can whine about it, or you can profit from it.
Very recently Vladimir Putin, and some top Russian/Soviet spies have compared the US planned economy to their own back then, and the whole situation to the Soviet situation just before the end. So avoid this ridiculous "passive investing" nonsense, and be prepared to run for the exits!
I think Gorbachev talked of this too, or is it just my imagination? Probably he mentionned it between 2 sentences while whining about "we could have saved the Soviet Union if only...". Not that it would be relevant... Ramblings of a delusional senile old man...
> USDMXN: For the first time since 2018 the Mexican central bank raises rates
***********************
The pesos is undervalued relative to the USD by what? 50%? Good guys. Altruists. Seems like altruism has its limits, as Mehico, number 2 sucker to America after China (but really number 3 behind the European Union), seems to want to strengthen their currency a bit.
Inflation has skyrocketted, doubling in 2 months to 6% annualized. Their target is 3%. Last time inflation was this high was in 2017 just before the last rate increase. They only brought the rate from 4% to 4.25%.
The US suck in all the capital, all the workers, all the entrepreneurs, all the investments. Not much longer by the looks of it.
Kill America to Build Back Better. Hey! That may not be what they had in mind but that's going to be one successful operation.
It was not fair that this "superpower" (pbui) was sucking everything in, and exporting its inflation.
The downtrend is very hard to start (bull markets are born in pessimism), but at some point it accelerates very fast, simple crowd science.
Look at crowds that dance. First a few "weirdos" dance all by themselves, for a while. Then a few people join. And quickly it accelerates and trends.
And before you know it the people not dancing are the weird ones, the "anti-social", "what's wrong with you? you're in a bad mood?" lmao 5 minutes ago you were saying the ones dancing were ankward autists on drugs. Just a matter of time. As always, it's all about simple patience. Well not too much patience the death of the USD might have already started. Even if US inflation reduces like Japan did in the 90s atfer a quick spike up, there is no way the north americans will continue to suck the whole world wealth, and countries like Mexico will get their fair share.
> 10 days after ending the mask mandate highly praised 💉 Israel brings it back
***********************
🙂
Wow, who would have thought? "Take the damn jab and life will go back to normal". They love this phrase "A return to normalcy".
"HURRAY! Back to normal!". "Last time they said". Cracks me up every time.
What they all fail to grasp is: This is not a video game. There is no magical one size fits all solution that will just beat the boss and move to the next level. This is not a Zombie movie where the ending is Morgan Freeman narrating "And so they found THE CURE and the zombie outbreak (magically) ended and everything went back to normal we rebuilt everyone was happy the end". Children...
I am calling it now:
- The number of deaths in the US and EU will double, bringing the "over average" peak from ~10% to ~100%. They'll use it for fearmongering.
- The restrictions will continue (for a virus or the climate). They've been fascinated by China totalitarian methods and masks for a while.
- EU economies will continue their decline, perhaps it will accelerate (how can Greece decline even more?)
- Coronaviruses, which are much older than humans, are not going to go away (I have no polite word for the big brains that think so)
- There will be other infectious diseases too obviously
> Bitcoin hoovering around year lows and there is less than 1 month till TSLA 10-Q
***********************
Bitcoin is still around year lows, and by extension at best at the price Elon Musk bought when he decided to gamble his investors (and taxpayers) money.
China, just like september 2017, is cracking down on crypto. Bear trap perhaps. Bull whales can still go down before a big rally.
Hey where did the Buffalo factory money go? In gambling Bitcoin? So this is where it went?
Cathy Wood, a dumb fraud victim famous for getting lucky with Tesla and mistaking luck for talent, has - big surprise - gambled on Bitcoin 🙂
She bought 1 million share of the Grayscale Bitcoin Trust. I didn't really look into it but it has a 30% premium, so it's literally made up of idiots throwing money at anyone that wants to do arbitrage but my gut tells me this is too easy so I'm guessing one simply cannot cash out of this ponzi scheme. I did not do my research all I know is there is a big premium.
Ah that's what is great about dumbasses that think they are geniuses. Jérôme Kerviel. Nick Leeson. "Legends" on the internet. 16 years old prodigies.
They never learn their lesson without getting hurt. So the really lucky ones are those that lose at the start.
All these gamblers and fraud victims get false positive feedback and double up on their risky casino bets. And then get hurt. Badly.
"Normies" will brush off smart people and believe scammers, trolls and gamblers. Seems unfair that stupid trolls get lucky.
But what's cool is we know for a fact that sooner or later they will get hurt. All it takes is patience. They all end up burning themselves.
I hope Elon Musk goes to jail where he belongs. And Cathie Wood gets ridiculed as it should be. Might be soon, might be later. But it will happen.