Why the market is in a slow crash
The stock market has fallen back to March 2020 numbers and is on the support line of the March 2020 crash. This has been caused by the growth of financial sector and from its creation of complex and unstable financial derivatives built on risky forms of private debt. How much deficit? Around 18 trillion dollars. Since United States (US) banks and clearing houses are backed by the Fed this required them to print then “loan” this amount out using the overnight reverse repo. This also caused market along with the central banks to artificially hold the price of gold down. Last count on gold was 155,244 tons. How much gold is being traded on the market? 2.5 million tons. Also running at an excessive rate is the BoP deficit(this is also the reason US is letting illegal immigrants into the country they need to pay them in US dollars for their labor which they then send the dollars to their home countries) which has to be by a lowering of imports or raising exports or sell assets.
This is why the globalization of the currency is about to occur. The globalist have caused a loss of confidence in the US currency now a medium will be sought for international exchange, for a derivative asset that investors can hold without fear of a substantial fall in its value when exchange rates fluctuate, because its value is defined in terms of, and is stable relative to, a basket of currencies. They have trapped the world economy so that what is needed is an accepted currency of exchange which would also serve as a relatively stable store of value, to be held as a reserve or as a stock in order to settle future flow requirements. The Great Reset has been accomplished. Most havent found out yet.
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silverelf : Good to hear from you again after the long hiatus
Bernard With Bacon : Thank you for sharing
venda akka : Thank god, good hearing from you. Hope you are doing good master.
Mcsnacks H TupackOP silverelf: Its all bad. A loss of confidence in the Dollar and the market along with the US economy has been created to force a shift to IMF’ special drawing baskets in order to create the new Worldwide Digital currency. We are F-cked.
Kcler : Master is back in the chat with wise words
silverelf : Maybe it has to be pegged to something with a finite minting like cryptocurrency globally, and not to infinite printing of cash or complex stacking of derivatives on unclear asset or debt and it’s derivatives, what we learnt from crypto, the good and the bad, can probably be applied to this global currency for the reset? Transparency and finite minting instead of infinite printing + hiking/quantitative easing to favour individual country’s situation. This is probably part of the reason why crypto took off in the first place as more ppl understands how it works isn’t it?
Mcsnacks H TupackOP venda akka: Ive been making sure my property cant be seized by the government. They put 45 billion dollars into the audit, collections, and seizures division of the IRS. The IRS’s entire budget was 12 billion. The government is about to start seizing businesses and property. For Central Banks to succeed they need control over land assets to be used in rental agreements. They fail when property is owned which is what has occurred-to much property ownership has created stagflation of wealth distribution
Youth of May 2021 : Mcsnacks, based on your comments. Is the stock market going downhill like the great depression and the USD will drop drastically soon.
venda akka Mcsnacks H TupackOP: God bless you Master
silverelf Mcsnacks H TupackOP: Because cash is becoming too much like another prospectus instead of retaining its existing value? Mint more shares/cash based on speculative future returns creating a spiral eats up work already done when commoners invest into it
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