Economic & Currency news n°23
In Argentina big bags of Soybean worth $100,000 are being destroyed by mysterious sabotageurs
***********************
The country with the longest continuous lockdown in the world, that also has the 4rth highest death rate in the world despite having a quite young population, median age ~30, and has sort of been in a depression for 20 years thanks in big part to powerful unions, you guessed it it is Argentina.
The declining and angry country has had night-raiders for a while but now they are going further and destroying big bags of ZS.
From zerohedge:
'The country's new Vice President, Cristina Fernandez de Kirchner, had formerly depicted the country's farmers as a "greedy clique of businessmen" - a sentiment that farmers believe is emboldening the attacks.'
Hey, maybe they are sabotaging bags to make the prices go up even more? As some may know the price of grains especially soybeans has been going up and up and up and up and...
Cristina Fernandez de Kirchner is vice president, but also the previous president (that had all the debt problems), and the wife of the president even before that. It's not even a deep state swamp anymore it is a monarchy at that point.
Argentinans are tired, perhaps they follow Guatemala steps and burn presidential buildings to the ground (Guatemalans burnt the parliament but in Argentina I think their problem lies rather with the executive). Maybe they'll burn it all. Maybe another coup.
Fertile grounds for Dirty Wars 2: the right-wing death squads are back.
Maybe owners will fight against unions. Before the spanish civil war, owners were acting cruel towards workers, things kept escalating until boom.
In both Spain & Argentina wars it were the owners that won. Time for a rematch?
Meanwhile poor countries are more broke. "We have to save lives" ==> "We have to send food to save lives". Food producing countries (Europeans & european offshoots) are half destroyed already, will their be able to take an additional huge burden and send millions of tons of food to Africa?
UK supreme court calls government control freaks, UN calls Macron law a violation of HR
***********************
Of course there is a dictatorial drift, I'll try to keep it short:
- Lord Sumption of the UK supreme court noted that the “debate about whether to let us have a family Christmas perfectly sums up what is wrong with this Government’s handling” of the crisis, called the government “control freaks” and their actions “morally and constitutionally indefensible”
- France president Macron, liberal-center, after angering the whole muslim world, is pushing a law to NOT film police (that have been beating workers - yellow vests - for 2 years before the covid thing) which the UN called a violation of the declaration of Human Rights. Fun fact: during the french election 2nd turn, millions of french went to vote to "stop Marine Le Pen" because "she hates muslims" (lol that aged well) and is "authoritarian" (lol that aged well).
- The Nigeria central bank has frozen the bank accounts of several protestors (technically banks acting on behalf of the central bank), the protestors are saying they are being targetted and the bank is saying "nono it's just routine investigation". Good job throwing dynamite into the fire. Young Nigerians have sworn they would boycott the banks and withdraw their money, luckilly for them correct me if I am wrong Nigeria has a reserve requirement of 27.5% unlike the west that is pretty much at zero.
- The European divide widens: Poland and Hungary have put their foot down and blocked the EU budget, they are saying no to woke liberal-globalists that want them to take boat after boat of migrants in & practice abortions (it was promised they would be sovereign on those matters I am quite certain), I've seen some Polish MPs use the slogan BLM (Babies Lives Matter).
- Breaking news: Iran top nuclear scientist assassinated, they claim "Serious indications of Israeli role".
Largest global study on the subject finds no association between stict stringencies and deaths
***********************
Take a deep breath. Smell that? It is the sweet smell of satisfaction. Redemsivir fiasco, and now a large study that confirms what we already knew: lockdowns are dumb and useless. And incompetent technocrats are speaking of making a mysterious vaccine that does not even exist yet obligatory, and even saying they'll start testing it on the population next month!
"https://www.thelancet.com/journals/eclinm/article/PIIS2589-5370(20)30208-X/fulltext"
"Rapid border closures, full lockdowns, and wide-spread testing were not associated with COVID-19 mortality per million people. However, full lockdowns (RR=2.47: 95%CI: 1.08–5.64) and reduced country vulnerability to biological threats (i.e. high scores on the global health security scale for risk environment) (RR=1.55; 95%CI: 1.13–2.12) were significantly associated with increased patient recovery rates."
Cool so the only benefit is people recovered faster from the sniffles. Awesome.
Oceanic currencies bullish catalysts, NZDUSD accelerating up, hence retail is aggressively shorting
***********************
"Textbook RSI sell signal" 😂
I don't even remember what the bullish catalyst was but they know there is one, there was also some leaked info, my brain filtered it I guess.
NZDUSD is at 2 year high, and has been accelerating up for months, a few months ago I complained that AUD & NZS were so choppy and slow and boring, but they have been progressively going up faster and faster.
And they have been firing clear signals for the past couple of weeks and even more in the last days, during which I have also witnessed individual investors short more and more.
On myfxbook 84% of the dumb money is short now.
The price action is similar to what we have seen on Bitcoin.
Everything is correlated and there has to be a psychological factor. Even if there is no price correlation between everything there are behavior correlations.
I would want something like this:
This reminds me of what happened in March...
Just for fun, the next huge movement of idiots on USDCAD came at "the bottom"
They're just so bad, really.
Sveriges Riksbank (no shutdown) announced they were also going to print money out of thin air
***********************
Sweden did not economic shutdown but everything is correlated and no one is isolated, a global slowdown will effect every one.
Their GDP sank, and so like other banks they are going for bigger than expected QE (didn't see that coming), trying to magically print their problems away. Herd things.
We are living inside an apocalyptic bear's dream.
Biden is planning on nominating Yellen as Treasury secretary, infinite money lovers freakout
***********************
In some factions of the democrat party (the ones with more "limited" intellectual abilities wink wink) are worried as Yellen has voiced concerns in the past about debt and led us to think she was rather for reducing debt also known as the method to steal purchasing power from the people and from China.
What a time we live in, can you imagine people openly getting angry at those that want less debt? 🤤 😂
"Nooooo we need more crippling debt 😠! We need to bring the bazookas and destroy our country!"
Back in all of history I never heard of such a time, but maybe it was forgotten... Bankers and governments had to hide the debt or currency devaluation in fear of the public getting really angry. People have turned to such wageslaving welfare cattle that not only they have no idea how anything other than their boring repetitive job works, but they are even FOR more debt.
The stories of the past of what happened when the public found out about debt/inflation are marking. One of my favorite that I won't forget is Byzantine Emperor Justinian II that got caught turning real money into some partial fiat after the arabs tried converting dinars into their currency. The bankers got the brazen bull treatment. Nowadays if the government officials did this most people would not care and the "some factions of the democrat party" would cheer and carry them on their shoulders I'm dying 🤣
Run entry of the gladiators. Make it the NWO global anthem.
***********************
The country with the longest continuous lockdown in the world, that also has the 4rth highest death rate in the world despite having a quite young population, median age ~30, and has sort of been in a depression for 20 years thanks in big part to powerful unions, you guessed it it is Argentina.
The declining and angry country has had night-raiders for a while but now they are going further and destroying big bags of ZS.
From zerohedge:
'The country's new Vice President, Cristina Fernandez de Kirchner, had formerly depicted the country's farmers as a "greedy clique of businessmen" - a sentiment that farmers believe is emboldening the attacks.'
Hey, maybe they are sabotaging bags to make the prices go up even more? As some may know the price of grains especially soybeans has been going up and up and up and up and...
Cristina Fernandez de Kirchner is vice president, but also the previous president (that had all the debt problems), and the wife of the president even before that. It's not even a deep state swamp anymore it is a monarchy at that point.
Argentinans are tired, perhaps they follow Guatemala steps and burn presidential buildings to the ground (Guatemalans burnt the parliament but in Argentina I think their problem lies rather with the executive). Maybe they'll burn it all. Maybe another coup.
Fertile grounds for Dirty Wars 2: the right-wing death squads are back.
Maybe owners will fight against unions. Before the spanish civil war, owners were acting cruel towards workers, things kept escalating until boom.
In both Spain & Argentina wars it were the owners that won. Time for a rematch?
Meanwhile poor countries are more broke. "We have to save lives" ==> "We have to send food to save lives". Food producing countries (Europeans & european offshoots) are half destroyed already, will their be able to take an additional huge burden and send millions of tons of food to Africa?
UK supreme court calls government control freaks, UN calls Macron law a violation of HR
***********************
Of course there is a dictatorial drift, I'll try to keep it short:
- Lord Sumption of the UK supreme court noted that the “debate about whether to let us have a family Christmas perfectly sums up what is wrong with this Government’s handling” of the crisis, called the government “control freaks” and their actions “morally and constitutionally indefensible”
- France president Macron, liberal-center, after angering the whole muslim world, is pushing a law to NOT film police (that have been beating workers - yellow vests - for 2 years before the covid thing) which the UN called a violation of the declaration of Human Rights. Fun fact: during the french election 2nd turn, millions of french went to vote to "stop Marine Le Pen" because "she hates muslims" (lol that aged well) and is "authoritarian" (lol that aged well).
- The Nigeria central bank has frozen the bank accounts of several protestors (technically banks acting on behalf of the central bank), the protestors are saying they are being targetted and the bank is saying "nono it's just routine investigation". Good job throwing dynamite into the fire. Young Nigerians have sworn they would boycott the banks and withdraw their money, luckilly for them correct me if I am wrong Nigeria has a reserve requirement of 27.5% unlike the west that is pretty much at zero.
- The European divide widens: Poland and Hungary have put their foot down and blocked the EU budget, they are saying no to woke liberal-globalists that want them to take boat after boat of migrants in & practice abortions (it was promised they would be sovereign on those matters I am quite certain), I've seen some Polish MPs use the slogan BLM (Babies Lives Matter).
- Breaking news: Iran top nuclear scientist assassinated, they claim "Serious indications of Israeli role".
Largest global study on the subject finds no association between stict stringencies and deaths
***********************
Take a deep breath. Smell that? It is the sweet smell of satisfaction. Redemsivir fiasco, and now a large study that confirms what we already knew: lockdowns are dumb and useless. And incompetent technocrats are speaking of making a mysterious vaccine that does not even exist yet obligatory, and even saying they'll start testing it on the population next month!
"https://www.thelancet.com/journals/eclinm/article/PIIS2589-5370(20)30208-X/fulltext"
"Rapid border closures, full lockdowns, and wide-spread testing were not associated with COVID-19 mortality per million people. However, full lockdowns (RR=2.47: 95%CI: 1.08–5.64) and reduced country vulnerability to biological threats (i.e. high scores on the global health security scale for risk environment) (RR=1.55; 95%CI: 1.13–2.12) were significantly associated with increased patient recovery rates."
Cool so the only benefit is people recovered faster from the sniffles. Awesome.
Oceanic currencies bullish catalysts, NZDUSD accelerating up, hence retail is aggressively shorting
***********************
"Textbook RSI sell signal" 😂
I don't even remember what the bullish catalyst was but they know there is one, there was also some leaked info, my brain filtered it I guess.
NZDUSD is at 2 year high, and has been accelerating up for months, a few months ago I complained that AUD & NZS were so choppy and slow and boring, but they have been progressively going up faster and faster.
And they have been firing clear signals for the past couple of weeks and even more in the last days, during which I have also witnessed individual investors short more and more.
On myfxbook 84% of the dumb money is short now.
The price action is similar to what we have seen on Bitcoin.
Everything is correlated and there has to be a psychological factor. Even if there is no price correlation between everything there are behavior correlations.
I would want something like this:
This reminds me of what happened in March...
Just for fun, the next huge movement of idiots on USDCAD came at "the bottom"
They're just so bad, really.
Sveriges Riksbank (no shutdown) announced they were also going to print money out of thin air
***********************
Sweden did not economic shutdown but everything is correlated and no one is isolated, a global slowdown will effect every one.
Their GDP sank, and so like other banks they are going for bigger than expected QE (didn't see that coming), trying to magically print their problems away. Herd things.
We are living inside an apocalyptic bear's dream.
Biden is planning on nominating Yellen as Treasury secretary, infinite money lovers freakout
***********************
In some factions of the democrat party (the ones with more "limited" intellectual abilities wink wink) are worried as Yellen has voiced concerns in the past about debt and led us to think she was rather for reducing debt also known as the method to steal purchasing power from the people and from China.
What a time we live in, can you imagine people openly getting angry at those that want less debt? 🤤 😂
"Nooooo we need more crippling debt 😠! We need to bring the bazookas and destroy our country!"
Back in all of history I never heard of such a time, but maybe it was forgotten... Bankers and governments had to hide the debt or currency devaluation in fear of the public getting really angry. People have turned to such wageslaving welfare cattle that not only they have no idea how anything other than their boring repetitive job works, but they are even FOR more debt.
The stories of the past of what happened when the public found out about debt/inflation are marking. One of my favorite that I won't forget is Byzantine Emperor Justinian II that got caught turning real money into some partial fiat after the arabs tried converting dinars into their currency. The bankers got the brazen bull treatment. Nowadays if the government officials did this most people would not care and the "some factions of the democrat party" would cheer and carry them on their shoulders I'm dying 🤣
Run entry of the gladiators. Make it the NWO global anthem.
I got radicalized by the far left, interesting, I thought I was listening to both sides: far left & far right, but turns out my far right guy is a leftist, he was a member of the main far right party here but he was trying to get communist votes - which he did, but lost more votes from the right.
In France both the far left & far right hate globalism, big megacorps, and are anti-europe.
Show how we always have to double check everything. I just read the specific article in the law... It gets really tiring having to double check everything. Media all end up on the left, then other media pro-right are created to get the free viewers & act as a counterweight... No one is neutral... Do I have to be the one to create a real media source? No one else is doing it. Screenshot the laws, screenshot the science papers, it does not get more perfect than this, just literally show the source, not some interpretation. How hard is it?
During the 2017 french elections:
- Mélanchon (les insoumis) that usually runs in a coalition with the communist party got 19.6% votes (poor various commies union got 1.7%),
- The nationalist party got 21.3%,
- The "main right wing party" got 20%,
- The "main left wing party" (the Partie Socialiste) got a whooping 6.4% (end of an era)
- Of course the pro globalisme centrist Macron got 24%
And then during the second round Macron versus the nationalist party the media approved pro-europe candidate got 66% of votes.
2022 elections are going to be very interesting. The right wing party is disappearing, the socialist party is basically dead (it lasted 200 years and they regularly got their guy president - the current Partie Socialiste is only 51 years old but it is the continuation of its predecessors under a different name).
The socialist party was an union of unions of socialist clubs, a "workers international" group, and the larger republican-socialist party (this is not the USA, in France republican values are very important to the left).
The nationalist party tried seducing far-left voters (I read they only managed to attract 7% of them while losing 20% of the "main right-wing" voters), they ended this strategy but this time it might actually work with 2 years of yellow vests followed by 1 year of covid scandals.
People just don't want to be slaves for giant corporations that dictate what they can and cannot do. If the globalists can get enough migrants in maybe this will change but they are not here yet.
Very possible to right & left join and quit Europe. Hungary and Poland in particular like the free money but they are still pulling away... Everyone-xit might be a serious thing.
Maybe a few countries keep the euro I cannot predict that, but ye for sure the EU might crumble and we'll get way more pairs to trade. Who needs a 1.5 trillion a day pair?
I'd rather have 3 usd pairs of 500b plus additional major crosses. That would be great, I see absolutely no long term investments in the next 10 years, and it would allow more easily to specialize a bit more into currencies only.