I would actually say that Lutnick's plan in neither new nor alien, unfortunately. 2008's intervention went to funding in a big way several foreign banks to stop them from falling apart, using junk MBE's as the name of the reason, but it was really an international eurodollar crisis afaik. This market exists because certain financiers in London, as a part of the marshall plan due to bretton woods, was given the ability to give loans denominated in USD as a means of nominally helping reinvigorate a freshly destroyed England, but also creating international demand for dollars. Let this money printing go unbridled and uncontrolled for 70 years, and here we are. The Fed was also the backstop for the world's crisis in the form of the reverse repo shitfest just prior to covid (although some may say that covid, which was essentially the flu, was a tool of policymakers used to distract from our disgusting and broken eurodollar system and international finance system. Us banks are pretty clean, actually, but there are so many scheisty institutions abroad that are absolutely not.).
I am in complete agreement that the next crisis could begin with the gilt market collapsing. The british pound is reaching parity again with the dollar and when this happened last time, is when Liz Truss's interim government almost blew up the world economy, because of the gilt market nearly going tits up. Of course, the new british financial managers and ministers are equally as fucktarded, and will continue to fund the unwashed islamic hordes to their own country's demise, rather than kick them all out and save the money.
I don't think it will work. I think we've hit the everything crisis. I see sovereign debt defaults as an incoming norm, because it's either hyperinflation or debt defaults, and one begets the other almost necessarily. Every single country has an insane debt to gdp ratio, and even now the US is no longer able to draw down its debt anymore, just continue MMT and hope shit doesn't pop. (It will).
The OBR recently announced each black is “fiscally negative” to the tune of £485,000 EACH. This assume they live to age 81 (average). They also assume the HAD NO DEPENDENTS. They could not bring themselves to do an actuarial calculation on that as it would have made the liberals wince. 🆘WE NEED A REFERENDUM ON DIVERSITY. KEEP THE BLACKS. OR GET A 40% TAX CUT. No one signed up to keep these cunts fed and watered did they?. REMIGRATION is the only solution
I am very curious to see what happens if the USA reprices their gold reserves. It will be insane regardless. This world is getting frenetic. I am wondering if it will go kinetic
Good question but DC / NYC won’t do that IMO. It will cause a massive financial crisis as assets across the Western financial system led by US stocks deflate and that would likely make China the center of the monetary world.
The US at this point is just a bloated financial system whereas China has the economic might, trade networks, supply chains, and gold supply to shift the global economy. Add to that China has a $1T trade surplus they are using to backstop their real estate bubble.
Trump is playing with fire because he does not fully understand how enfeebled the US economy, financial system and political structure really are. Then there is the issue of how much gold we really have. We will find out soon but my bet is not what is advertised.
Thank you for responding. I don't see the US touching gold for now because bullion banks and various funds have historically manipulated the price downwards, and I think that gold is rising now because of serious physical demand abroad, specifically Chinese public demand. I think the west has also been buying, reluctantly, and frankly every central bank has been grabbing as much as it can, as the world is no longer totally dollar dominated (or trusting).
China does seem to have everything - but it doesn't seem to have sufficient oil or the agricultural land that we do. They are still a net importer of many crops, but especially of our pork and soybeans, corn, etc.
I would actually disagree about Trump, I think he has been well aware of the NAFTA and other outsourcing industry disasters that have come around in his time. I think that he is too late, ultimately, but I actually admire that he is trying to do something to bring industry back. Tariffs are not instant however - factories do take time to build and set up and man etc. I think tariffs on Canada and Mexico are borderline schizophrenic but if he is hearkening back to local American imperial days (Teddy Roosevelt era), it makes a lot of sense. In this way I would actually say he is on the ball - because we are watching globalism die and protective mercantilism and regionalist power dynamics re-emerge, imo. Would love your thoughts.
Good points here. China is dependent on oil but they have been stock piling it and now have a massive strategic reserve. Some energy analysts like Luke Gromen believe they have such a big supply they could dump product on the market to manipulate prices lower like the US did under Biden.
RE: Trump. Here i disagree. DT does understand at a high level how devastating NAFTA has been but the real problem is not overseas it is domestic. The very people he is supporting, namely Wall Street (Howard Lutnick) and the corporate elites (Big Tech and Private Equity) deindustrialized the US largely in the 80's. DT also thinks we have the leverage the US did under Teddy and we do not. The engine of global growth is China not the US, and our principal advantage, a productive-industrial-white-middle-class has been decimated.
The solution is a purge of the elites and structural overhaul. Unfortunately, it seems DT has simply been assimilated by the system, as is fast becoming clear. Second, the imminent crisis the US faces is fiscal (debt crisis) and geo-political (Middle East / Ukraine / East Asia Conflict) and DT must temper / de-escalate those before he can turn to industry. He must restructure entitlements, retrench DOD, and reorg the USG full stop. None of that is happening. Arms to Ukraine continue, arms to Israel are increasing, tensions with China are rising, and fiscal spending is exploding.
We need a national industrial policy based on economic nationalism, but Trump lacks the comprehensive understanding, implementation team, or counter-party to do so. Instead, he is resorting to a tariff war, which could be disastrous for the US economy right now. Bullying BRICS+ who now hold virtually all the cards is going to accelerate de-dollarization, plunge the US into recession, and jack up US trade deficit. So, what he is doing by externalizing our problems is avoiding the domestic structural reforms we desperately need. DT is headed for a fall, but to be fair to him it was likely going this way regardless.
The answer for the US is bankruptcy followed by national reconstruction, that is the only way to purge the system and restart. DT is cosmetic surgery, we need open heart surgery.
We dont have any to sell. That queer cunt Brown sold all of ours as a down payment on Diversity since Blair opened the slice gates to the river of brown sewage. So if the Uk cant play the “let all revalue gold at $5,000 an ounce”. Then we sink.
I would actually say that Lutnick's plan in neither new nor alien, unfortunately. 2008's intervention went to funding in a big way several foreign banks to stop them from falling apart, using junk MBE's as the name of the reason, but it was really an international eurodollar crisis afaik. This market exists because certain financiers in London, as a part of the marshall plan due to bretton woods, was given the ability to give loans denominated in USD as a means of nominally helping reinvigorate a freshly destroyed England, but also creating international demand for dollars. Let this money printing go unbridled and uncontrolled for 70 years, and here we are. The Fed was also the backstop for the world's crisis in the form of the reverse repo shitfest just prior to covid (although some may say that covid, which was essentially the flu, was a tool of policymakers used to distract from our disgusting and broken eurodollar system and international finance system. Us banks are pretty clean, actually, but there are so many scheisty institutions abroad that are absolutely not.).
I am in complete agreement that the next crisis could begin with the gilt market collapsing. The british pound is reaching parity again with the dollar and when this happened last time, is when Liz Truss's interim government almost blew up the world economy, because of the gilt market nearly going tits up. Of course, the new british financial managers and ministers are equally as fucktarded, and will continue to fund the unwashed islamic hordes to their own country's demise, rather than kick them all out and save the money.
Good point. Yes - the question is whether or not the same bailout package can work in a much bigger crisis.
I don't think it will work. I think we've hit the everything crisis. I see sovereign debt defaults as an incoming norm, because it's either hyperinflation or debt defaults, and one begets the other almost necessarily. Every single country has an insane debt to gdp ratio, and even now the US is no longer able to draw down its debt anymore, just continue MMT and hope shit doesn't pop. (It will).
The OBR recently announced each black is “fiscally negative” to the tune of £485,000 EACH. This assume they live to age 81 (average). They also assume the HAD NO DEPENDENTS. They could not bring themselves to do an actuarial calculation on that as it would have made the liberals wince. 🆘WE NEED A REFERENDUM ON DIVERSITY. KEEP THE BLACKS. OR GET A 40% TAX CUT. No one signed up to keep these cunts fed and watered did they?. REMIGRATION is the only solution
I am very curious to see what happens if the USA reprices their gold reserves. It will be insane regardless. This world is getting frenetic. I am wondering if it will go kinetic
Good question but DC / NYC won’t do that IMO. It will cause a massive financial crisis as assets across the Western financial system led by US stocks deflate and that would likely make China the center of the monetary world.
The US at this point is just a bloated financial system whereas China has the economic might, trade networks, supply chains, and gold supply to shift the global economy. Add to that China has a $1T trade surplus they are using to backstop their real estate bubble.
Trump is playing with fire because he does not fully understand how enfeebled the US economy, financial system and political structure really are. Then there is the issue of how much gold we really have. We will find out soon but my bet is not what is advertised.
Thank you for responding. I don't see the US touching gold for now because bullion banks and various funds have historically manipulated the price downwards, and I think that gold is rising now because of serious physical demand abroad, specifically Chinese public demand. I think the west has also been buying, reluctantly, and frankly every central bank has been grabbing as much as it can, as the world is no longer totally dollar dominated (or trusting).
China does seem to have everything - but it doesn't seem to have sufficient oil or the agricultural land that we do. They are still a net importer of many crops, but especially of our pork and soybeans, corn, etc.
I would actually disagree about Trump, I think he has been well aware of the NAFTA and other outsourcing industry disasters that have come around in his time. I think that he is too late, ultimately, but I actually admire that he is trying to do something to bring industry back. Tariffs are not instant however - factories do take time to build and set up and man etc. I think tariffs on Canada and Mexico are borderline schizophrenic but if he is hearkening back to local American imperial days (Teddy Roosevelt era), it makes a lot of sense. In this way I would actually say he is on the ball - because we are watching globalism die and protective mercantilism and regionalist power dynamics re-emerge, imo. Would love your thoughts.
Good points here. China is dependent on oil but they have been stock piling it and now have a massive strategic reserve. Some energy analysts like Luke Gromen believe they have such a big supply they could dump product on the market to manipulate prices lower like the US did under Biden.
RE: Trump. Here i disagree. DT does understand at a high level how devastating NAFTA has been but the real problem is not overseas it is domestic. The very people he is supporting, namely Wall Street (Howard Lutnick) and the corporate elites (Big Tech and Private Equity) deindustrialized the US largely in the 80's. DT also thinks we have the leverage the US did under Teddy and we do not. The engine of global growth is China not the US, and our principal advantage, a productive-industrial-white-middle-class has been decimated.
The solution is a purge of the elites and structural overhaul. Unfortunately, it seems DT has simply been assimilated by the system, as is fast becoming clear. Second, the imminent crisis the US faces is fiscal (debt crisis) and geo-political (Middle East / Ukraine / East Asia Conflict) and DT must temper / de-escalate those before he can turn to industry. He must restructure entitlements, retrench DOD, and reorg the USG full stop. None of that is happening. Arms to Ukraine continue, arms to Israel are increasing, tensions with China are rising, and fiscal spending is exploding.
We need a national industrial policy based on economic nationalism, but Trump lacks the comprehensive understanding, implementation team, or counter-party to do so. Instead, he is resorting to a tariff war, which could be disastrous for the US economy right now. Bullying BRICS+ who now hold virtually all the cards is going to accelerate de-dollarization, plunge the US into recession, and jack up US trade deficit. So, what he is doing by externalizing our problems is avoiding the domestic structural reforms we desperately need. DT is headed for a fall, but to be fair to him it was likely going this way regardless.
The answer for the US is bankruptcy followed by national reconstruction, that is the only way to purge the system and restart. DT is cosmetic surgery, we need open heart surgery.
Thanks for the excellent comments.
We dont have any to sell. That queer cunt Brown sold all of ours as a down payment on Diversity since Blair opened the slice gates to the river of brown sewage. So if the Uk cant play the “let all revalue gold at $5,000 an ounce”. Then we sink.