Force majeure; Our readers already know what’s coming
Does anyone have any thoughts on this?
https://www.youtube.com/watch?v=ItpiFTJJ5SU
Shan
Let me keep this brief, so the reader can truly understand this timeline and prepare accordingly.
This is so important to understand; none of the current set of circumstances with regard to government spending, debt generation, and the accumulation of US Treasuries is happenstance.
Time is indeed running short, but it seems to be going according to schedule with the timeline to the planned World War 3. I always theorized about the force majeure that would be the catalyst for expunging all the US Treasury debt, and the debt of the other warring nations. I’ve always stated it would be World War 3, a war in which the United States would be conflated with Nazi Germany and would suffer a humiliating loss. War has always been used by the banking powers as a means to declare a force majeure.
The rapid acceleration and trajectory of debt issuance is testament to this theory. There’s only one way out of this fiscal “mess” and the top of the pyramid already know the outcome. At least you and I know as I have been keeping my blog now for about 9 years in one form or another. I’ve always declared that as global war moved closer to reality, deficit spending and Treasury debt issuance would go parabolic as the powers needed to consolidate their wealth and power. This would help them to ensure they had control of the globe as they guided it to the next phase.
Keep in mind that all of these Treasuries and sovereign debt securities are negotiable assets that can be used as leverage to buy up everything, including the entire national housing stock. It’s done right underneath our noses, while we argue amongst ourselves over trivialities.
God save the remnant and prepare! We only have a precious two to three years left to get our personal houses in order. There will be no pre-tribulation rapture for the unprepared either.
Let’s bring on the two witnesses! Let’s get this going.
Amen
This corrupt world is dragging on for too long. Come on down Jesus Christ.
Even the household survey data came in very hot. That even included an increase in the labor force as more people entered work. I don’t know how the FED can cut rates anytime soon, given the outsized government spending…
Summers Says Hot Jobs Data Show Neutral Fed Rate ‘Much Higher’
(Bloomberg) — Former Treasury Secretary Lawrence Summers said that the surge in US payrolls in March illustrates that the Federal Reserve is well off in its estimate of where the neutral interest rate is, and cautioned against any move to lower rates in June.
“This was a hot report that suggested that, if anything, the economy is re-accelerating,” Summers said on Bloomberg Television’s Wall Street Week with David Westin. Alongside other factors including an “epic” loosening in financial conditions, “it seems to me the evidence is overwhelming that the neutral rate is far higher than the Fed supposes,” he said.
The neutral rate is the theoretical level for the Fed’s benchmark that neither stimulates nor restrains growth. Fed policymakers last month estimated it at around 2.6% — the median estimate of their forecasts. Summers reiterated his own view is that neutral is 4% or higher. That compares with the current target range of 5.25% to 5.5%.
“There’s a slight element of restriction, but only a slight one” given the Fed’s current rate setting, said Summers, a Harvard University professor and paid contributor to Bloomberg TV.
Earlier this week, Fed Chair Jerome Powell reiterated his skepticism about the idea of using estimates of a neutral rate as a guide for policy. The question of what the neutral rate will be going forward “doesn’t really matter for policy today,” he said in answering questions at a Stanford University event.
Last year, Powell said that it’s possible the short-term neutral rate might be higher than the long-term one, and also that the long-term one itself might be higher, but ultimately the calculation is “unknowable.”
Summers, by contrast, said it’s important to have a guide-post in setting current policy. “There’s no way to judge what policy is without knowing what would be a neutral policy,” he said.
“Saying ‘we don’t need to know what the neutral rate is’ is like saying you should drive your car on feel, without looking at the speedometer,” Summers said. “It is just a mistake,” he said, while noting that he hadn’t seen Powell’s specific remarks this week.
The former Treasury chief spoke after the March jobs report showed a 303,000 increase in payrolls that outstripped every economist’s forecast in Bloomberg’s survey, with the unemployment rate ticking down to 3.8% even as the size of the labor force expanded.
Read more: US Jobs Roar Again as Payrolls Jump 303,000, Unemployment Drops
“I don’t want to make a prescription for monetary policy in June, but on current facts and current trends, I think it would be an inappropriate act to cut rates” at that meeting, Summers said.
Futures trading suggests traders are increasingly betting that September will be the most likely meeting for the Fed to start lowering rates. They also suggest doubts about whether policymakers will follow through on the three rate reductions for 2024 that were indicated in their projections, known as the dot-plot.
“My best guess is that the right thing to do is going to be to stick where we are for considerably longer than the Fed dot-plot supposes,” Summers said. While it’s “certainly more likely than not that the next move will be down and should be down” in rates, there’s still “a real possibility that it should be up,” he said.
I’m trying to prepare as best I can but I don’t know exactly what to prepare for other than possible loss of electric power, food shortages, and possible attacks on us.
I truly hope the end comes quick because this world is uninhabitable. I have never felt so unsafe in every way.