Bonds don't commit mass shootings so the news ignores them; they do however cause calamity in the financial sector and that is what they are doing now:
"Bond Market Disaster: Guilt So Easy to See, Responsibility So Carefully Denied
And now, almost is if on cue, we are seeing yet another crisis in the bond market and yet another scramble among the guilty to re-arrange the deck chairs on a financial Titanic of literally their own design."
You see, when banks put "their" money (which used to be "your" money before you made that deposit) into 30-year Treasury Bonds that pay 1% annual interest and then interest rates jump to 5% they lose money when they have to sell those bonds before they expire- lot's of money! At today's bond prices the collective loss in banks' books is estimated to be almost $700 Billion. Waaaay more that the FDIC could cover in the event everyone wants "their" money back - "Their/Your" are the banks pronouns BTW.
"Last week, for example, liquidity in US Treasuries (and German bunds, btw) sank like a rock, with ripple effects throughout the world.
On Monday, the 2-Year UST (US Treasury) saw yields fall in single-day trading to levels not seen since 1987.
By Tuesday and Wednesday, intra-day volatility levels in the UST market surpassed those of the Great Financial Crisis of 2008."
The banks Really, really need everyone to calm the hell down and not worry about the safety of their deposits because, well, if they don't folks might just ask for "their" money back. I can't seem to stop putting "their" in scare quotes, sorry. Don't allow yourselves to be fooled, we know exactly why this is happening. Anyone who has been reading this blog the last few years has probably already gotten sick of hearing me scream about it: It's the Federal Reserve money printing on steroids! Also, please don't buy the garbage about "who could have known" and "we're fighting inflation". They knew, we knew and now you know.
"Each of these credit-event dominoes are the direct and openly obvious result of a history-blind, power-satisfied, economically-ignorant and math-defying financial leadership (left or right, blue, red, purple or pink) who have been successfully telling us for years that they could solve a debt disaster (circa 2008) with more debt, which they would then pay for with money created at the Eccles Building by a fricking mouse-click."
Most of you here run a business, if not you're in the wrong room. What do you do with personnel who mess up really badly? I'm asking sincerely because what I'm seeing from the top leaders in our government agencies (Except the Fed which, I repeat, is NOT a government agency) is astonishing incompetence and malfeasance. If any of there people were working for me they would get shit-canned so fast they're eyes would water; how about you guys?
Please, this is not political - I don't do political. Just facts and data:
Powell - The Fed is supposed to ensure sound money but they devalue our money by printing Trillions.
Nuland - Her job is diplomacy but she incites WW3 with a nuclear power who could annihilate us.
Mayorkas - His job is border protection and we're being overwhelmed with illegal immigrants.
Fauci - His job was to protect our country from viruses but he funded "gain of function".
If any of these people were working for your business, what would you do? It should be simple to get rid of bad employees who do the exact opposit of their official job description but we can't even get the media to give us the facts. It's like your HR director or manager covering for (lying about) the shipping clerks who are drunk on the job or they're working for your competitor and trying to sabotage your business model! Unfortunately, there are no cops on the beat when it comes to banking - the "Oversight Committee" is totally compromised - watch this video which is quite entertaining but exposes a very serious problem, one that would put all of us out of business in a New York minute.
I believe we're in a very dangerous phase of this controlled demolition where the end game is to consolidate all deposits in just a few large banks so then the government can force us all into their new digital (fiat) dollar (the CBDC). Here is a video which I strongly recommend you all watch. It's about 47 minutes so maybe take the time early morning or evening time so you can focus. The interview is with Edward Dowd, a former Black Rock fund manager:
One last thing today because it's mid-week and we're very busy - there is new bill to be voted on in congress called: THE RESTRICT ACT S686.
It's being presented as the "tik-tok ban act" which is completely disingenuous - it is a Trojan horse legislation which will change the way we all use the internet forever. Here are some highlights:
• Authority is appointed by the President not voted on.
• What is deemed a national security risk and banned is up to that authority.
• Using VPN to evade bans will be 20 year minimum prison term and 250k - 1M fine.
• Allows unlimited warrant-less surveillance on all internet connected devices including local area networks.
This seems like a massive surveillance and censorship bill that will be controlled by whomever is in office. It is massive government over-reach and very likely unconstitutional but, there it is!
I'm guessing that there is a need to shut down the internet because of videos like the one above. I use heavy security on my computers including strong firewall, antivirus and yes, VPN protection. This legislation if passed could potentially make that illegal opening me and others like me to intrusion. The term: "All internet connected devices" also include your Ring doorbell, home security cameras, refrigerator and thermostat. That goes for your businesses as well.
I'll post more on Monday because there's simply too much going on to cover in just one post, thank you all for reading and may God bless you!