I always make it a point to write this when I hear the word "liquidity crisis"
Liquidity Crisis = No one wants to keep playing the Fed's ponzi scheme, by buying their bonds.
Think of a Ponzi scheme, and when it reaches a point where no new people are willing to join in. Normal ponzi schemes collapse at that point. But with Fed, usually a war or a pandemic or something else breaks to somehow force the fraud to keep going.
Eventually no one will buy the bonds no matter what, and that would be the correct and proper end for this beast financial system.
As a reminder to viewers, the last time a Jackson Hole paper gave rise to a major monetary shift was in 2019, when BlackRock presented a paper entitled, āDealing with the Next Downturn.ā As luck would have it, the title downturn arrived the very next month in the form of a huge repo crisis that was shortly thereafter followed by the rollout of Pandemic!!! Crucially the Fedās response to these shock eventsācreating $5T in new reserves PLUS $5T in new bank deposits, in accordance with BlackRockās paperārepresented a material departure by the central bank from its response to the GFC in 2009; back then, the Fed was acting to bail out the banks, which it did by creating, say, $2T in new reserves without any need at all for new bank deposits.
To summarize: ā¢ 2009āno new bank deposits created by Fed, no inflation. ā¢ 2020āFed creates $5T of new bank deposits, gets big-time inflation. ā¢ HUGE difference.
Flash forward to the recently-adjourned Jackson Hole meeting. There is one particular paper that, if implemented, would cause huge inflation and indeed piggyback on and turbo-charge the inflation thatās arisen from the Fedās implementation of BlackRockās 2019 paper. The new paper does answer, however, the question of how the monetary powers that be appear to be planing to deal with the exploding interest payment on the national debt, and that's to print more interest-bearing pseudo debt-money. Which is to say: in the worst way possible.
Any ideas what the WHs plan is for a soft landing after the fed destroys the dollar? Friends and family ask me, when we talk about the crashing dollar/fed system will they lose all their money? I tell them I'm sure the treasury controlled by the WHs have a safety net but I don't have any sauce to back that up.
Yes indeed!!! If the Patriots are to come in to greater power it would be real nice to know what the "Looking Glass" /White Hats are suggesting we do with our hard earned cash. No matter what sort of soft landing is hoped for I see rough waters ahead and am really searching for a safe harbor. Stocks will take a big hit. Cash could loose massive value, Precious metal?? is Crypto the place to hide everything?? Help Q Help?
If you leave your money in the US Banking/Monetary System you will lose it. White Hats can take out the system, they can't save you from bad/slow decisions. You will lose your retirement if you keep your money in stocks, bonds, banks, etc.
Only safe haven is gold/silver/Crypto/resources like food as well as cash for a brief period after the collapse.
You need to learn self custody, first! Understand how the transaction is moved from the following example ā purchased on cash app. Moved to a ledger, hardware walletā go to mempool dot space and verify the transaction! This is the fundamental for purchasing and self custody bitcoin. To start go to Best Buy today. Buy a ledger wallet purchase on cash app move to ledger wallet. Now youāre a bitcoin expert. All by the end of the day. Write back if you need help. Donāt wait time is limited
You got this! there are plenty of video examples on how to use the cash app and ledger. I use cash app, strike, Coinbase. The number one key is buy and move to your hard wallet asap. No games. If itās not in your hard wallet, itās in someone elseās wallet.
I know a few friends that believed Celsius exchange was safe and lost a few bitcoins. Now they self custody on a hardware wallet.
The key to bitcoins success is to teach, Anons how self responsibility is the key to preserving wealth and financial freedom.
Every dollar removed from the fiat system is slowing draining the fiat energy and moving that energy in Bitcoin and your store of value.
Last week I helped a friend move 5k off Robinhood to a ledger wallet. We got the wallet setup and moved the funds in about an hour.
Now RobinHood has a 5k daily egress limit. Most place do this, I wonder why? š sarcasm they just want to limit. how much people can buy move in self custody.
If you leave your money in the US Monetary System you will lose it. White Hats can take out the system, they can't save you from bad/slow decisions. You will lose your retirement if you keep your money in stocks, bonds, banks, etc.
Only safe haven is gold/silver/Crypto as well as cash for a brief period after the collapse.
Interesting video. Are you seeing cryptocurrency as the soft landing for people? In other words if people aren't into gold or crypto are you thinking they'll lose whatever wealth they may have set aside as savings and retirement funds? (I don't have either of these in fed dollars.)
I'm thinking the WHs will create a bridge btwn new emerging money and the old fed debt note. Maybe it's just hopium, but DJT keeps promising folks it'll be great when we MAGA, but, if people lose everything they will turn against the MAGA movement I'm thinking.
Are you seeing cryptocurrency as the soft landing for people? In other words if people aren't into gold or crypto are you thinking they'll lose whatever wealth they may have set aside as savings and retirement funds?
Yes. This is what I think.
I'm thinking the WHs will create a bridge btwn new emerging money and the old fed debt note. Maybe it's just hopium, but DJT keeps promising folks it'll be great when we MAGA, but, if people lose everything they will turn against the MAGA movement I'm thinking.
White Hats cannot force people to value a new currency system, that is up to you and the world. Even if they made a new system there is not a WH plan AFAIK to make system that wouldn't result in another fiat World Reserve Currency system even when Gold/Silver backed.
That is because gold/silver must be stored and transported by trusted 3rd parties that are essentially banks that will eventually fudge the numbers and create another fiat system.
This is not to say gold/silver isn't great to hold! Especially in local economies it will be extremely valuable to have and trade with.
Crypto though is the only new tech that breaks Triffin's Dilemna, breaks the banking system, and gives power back to the individual with 3rd parties not needed.
Maybe it's just hopium, but DJT keeps promising folks it'll be great when we MAGA, but, if people lose everything they will turn against the MAGA movement I'm thinking.
This is a dumb statement. This is not DJT or MAGA's fault. The responsibility for this colossal fuckup in a Republic ultimately falls on the people. We didn't protest meaningfully as they kept raising taxes. We didn't protest meaningfully when they took out rights, when we had to work more hours, or as they inflated our savings away. The general public had the power to come together and do something but they didn't. It's time for Americans to quit blaming others for their own fuckups and own up to their mistakes. If you want to actually have power over your government you can't keep blaming everything wrong on the few in govt without looking at the general public themselves.
Nothing DJT or MAGA could've done would've prevented this pain all they can do is make the pain come sooner and hurt less than letting it drag out over time.
Being a victim is a hallmark of a Leftist and it gets you nowhere.
It will be great when DJT is publicly back as president because you will have your freedom again, you will have savings again, you will have a life again. But most will have to start from the bottom again because they will lose everything in the US Monetary System. There's no free lunches, especially for screwups this monumental.
Not saying it is DJTs fault or MAGA. I'm talking optics and the every day reality that people are having to deal with and will have to deal with if the bottom falls out of the dollar with no relief in sight. I wouldn't turn against our movement, not at all. I was speaking theoretically about most of the normies out there.
While I agree with you as to getting out of a centralized currency is a must if we are to go forward with our great awakening plans I believe there will be an interim currency to pull us through.
Really think about it. If the fed note was absolutely worthless right now there would be massive civil unrest. I don't think that's part of the WHs plan. Did we the people bring this up on ourselves? Yes and no. Regardless, we must push on to the victory we have no choice.
While I agree with you as to getting out of a centralized currency is a must if we are to go forward with our great awakening plans I believe there will be an interim currency to pull us through.
I think this will be gold/silver/bartering and then it'll move to crypto for international commerce
Really think about it. If the fed note was absolutely worthless right now there would be massive civil unrest. I don't think that's part of the WHs plan. Did we the people bring this up on ourselves? Yes and no. Regardless, we must push on to the victory we have no choice.
There is civil unrest going on and it'll get worse. The only thing WHs people like us can do is try to dampen it as much as possible.
The world has not decided yet that dollars are not worthless because Treasury Bonds/Bills are not yet worthless. This is changing as we speak. 30 year Treasury Bonds issued in 2020 are now worth 47 cents on the dollar last I looked this week. This shoots Treasury yields up.
If Treasury Bond yields go up above Federal Reserve base interest rate, hell is gonna break loose for the economy. We are so close to being there it may happen next week and there is a high likelihood it'll happen this month.
There is a difference between FED liquidity and the Dollar. Fed Liquidity is called Federal Reserve Note. It is traded on the market AS a USD. It looks like a USD but is not.
The word like is derived from lijk or leiche, which is a dead body, a skeleton if you wish. And that skeleton is in everybodies closet.
Of course, you can think of the FRN being a US issue, but looking at markets, the real issue is not Ststes-side but off-shore called Euro-Dollar. It is an opaque market. And this market is an even bigger shithouse than domestic Federal Reserve Notes.
At any rate, fighting inflation by repatriating the FRN into the FED coffers, like in a CBDC direct debit accounts, basically means restricting the access of a medium of exchange to do business by the people themselves. It simply means an extra measure to prevent you from doing business.
As history has shown, and Patman so eloquently put down in words, first by inflation ( meaning the increase of the money supply, i.e. buying government debt) then by deflation ( restricting the size of the money supply by, for instance, curbing the access of the people to a medium of exchange) Central banks and the companies that grow up around them, will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.
This is the game.
However, it also contains the seed of destroying the FED.
Not sure I agree that the root of the problem is the primary dealer system. The core of the problem is that there does not exist -- even on a global basis -- capacity to buy $3T of Treasurys annually. We can't legitimately market them. So we'll blip money into existence and buy them off the banks (our largest banks are the primary dealers, for those who may not know).
I always make it a point to write this when I hear the word "liquidity crisis"
Liquidity Crisis = No one wants to keep playing the Fed's ponzi scheme, by buying their bonds.
Think of a Ponzi scheme, and when it reaches a point where no new people are willing to join in. Normal ponzi schemes collapse at that point. But with Fed, usually a war or a pandemic or something else breaks to somehow force the fraud to keep going.
Eventually no one will buy the bonds no matter what, and that would be the correct and proper end for this beast financial system.
Fantastic clip, good find Anon.
There is a lot of information packed here, worth watching for everyone.
Thanks! I've been following @FinanceLancelot for quite a few weeks and he's on point for current economic news.
John Titus BestEvidence YouTube channel posts once every few months but his videos are heavily researched and very informative.
https://www.youtube.com/channel/UCLvRDyn_rVvZ7RRwdcEiJGw
Presenting the Fedās Perfect Plan for U.S. Dollar Oblivion https://bestevidence.substack.com/p/presenting-the-feds-perfect-plan
KANSAS CITY FEDERAL RESERVE - Jackson Hole, WI Paper From Summer 2023
https://www.kansascityfed.org/Jackson%20Hole/documents/9726/JH_Paper_Duffie.pdf
As a reminder to viewers, the last time a Jackson Hole paper gave rise to a major monetary shift was in 2019, when BlackRock presented a paper entitled, āDealing with the Next Downturn.ā As luck would have it, the title downturn arrived the very next month in the form of a huge repo crisis that was shortly thereafter followed by the rollout of Pandemic!!! Crucially the Fedās response to these shock eventsācreating $5T in new reserves PLUS $5T in new bank deposits, in accordance with BlackRockās paperārepresented a material departure by the central bank from its response to the GFC in 2009; back then, the Fed was acting to bail out the banks, which it did by creating, say, $2T in new reserves without any need at all for new bank deposits.
To summarize: ā¢ 2009āno new bank deposits created by Fed, no inflation. ā¢ 2020āFed creates $5T of new bank deposits, gets big-time inflation. ā¢ HUGE difference.
Flash forward to the recently-adjourned Jackson Hole meeting. There is one particular paper that, if implemented, would cause huge inflation and indeed piggyback on and turbo-charge the inflation thatās arisen from the Fedās implementation of BlackRockās 2019 paper. The new paper does answer, however, the question of how the monetary powers that be appear to be planing to deal with the exploding interest payment on the national debt, and that's to print more interest-bearing pseudo debt-money. Which is to say: in the worst way possible.
Any ideas what the WHs plan is for a soft landing after the fed destroys the dollar? Friends and family ask me, when we talk about the crashing dollar/fed system will they lose all their money? I tell them I'm sure the treasury controlled by the WHs have a safety net but I don't have any sauce to back that up.
Yes indeed!!! If the Patriots are to come in to greater power it would be real nice to know what the "Looking Glass" /White Hats are suggesting we do with our hard earned cash. No matter what sort of soft landing is hoped for I see rough waters ahead and am really searching for a safe harbor. Stocks will take a big hit. Cash could loose massive value, Precious metal?? is Crypto the place to hide everything?? Help Q Help?
Iāve been short the market since October ā21, so like Burry in The Big Short, I was early, but hopefully not wrong.
Luckily I didnāt buy puts that have an expiration date, and instead bought shares of inverse funds.
Watch this
Triffins Dilemma, Gold Silver Crypto And Cash | Uneducated Economist
https://www.youtube.com/watch?v=olpUvNEIZ-0
If you leave your money in the US Banking/Monetary System you will lose it. White Hats can take out the system, they can't save you from bad/slow decisions. You will lose your retirement if you keep your money in stocks, bonds, banks, etc.
Only safe haven is gold/silver/Crypto/resources like food as well as cash for a brief period after the collapse.
Buy Bitcoin, and move to a hardwallet.
I love this move. I'm in the learning curve right now and trying to figure out which wallet is best.
What do you think of going through a brokerage (deals only in Bitcoin) vs an exchange? Or maybe use both?
You need to learn self custody, first! Understand how the transaction is moved from the following example ā purchased on cash app. Moved to a ledger, hardware walletā go to mempool dot space and verify the transaction! This is the fundamental for purchasing and self custody bitcoin. To start go to Best Buy today. Buy a ledger wallet purchase on cash app move to ledger wallet. Now youāre a bitcoin expert. All by the end of the day. Write back if you need help. Donāt wait time is limited
Thanks for tip!
You got this! there are plenty of video examples on how to use the cash app and ledger. I use cash app, strike, Coinbase. The number one key is buy and move to your hard wallet asap. No games. If itās not in your hard wallet, itās in someone elseās wallet.
I know a few friends that believed Celsius exchange was safe and lost a few bitcoins. Now they self custody on a hardware wallet.
The key to bitcoins success is to teach, Anons how self responsibility is the key to preserving wealth and financial freedom.
Every dollar removed from the fiat system is slowing draining the fiat energy and moving that energy in Bitcoin and your store of value.
Last week I helped a friend move 5k off Robinhood to a ledger wallet. We got the wallet setup and moved the funds in about an hour.
Now RobinHood has a 5k daily egress limit. Most place do this, I wonder why? š sarcasm they just want to limit. how much people can buy move in self custody.
Watch this
Triffins Dilemma, Gold Silver Crypto And Cash | Uneducated Economist
https://www.youtube.com/watch?v=olpUvNEIZ-0
If you leave your money in the US Monetary System you will lose it. White Hats can take out the system, they can't save you from bad/slow decisions. You will lose your retirement if you keep your money in stocks, bonds, banks, etc.
Only safe haven is gold/silver/Crypto as well as cash for a brief period after the collapse.
Interesting video. Are you seeing cryptocurrency as the soft landing for people? In other words if people aren't into gold or crypto are you thinking they'll lose whatever wealth they may have set aside as savings and retirement funds? (I don't have either of these in fed dollars.) I'm thinking the WHs will create a bridge btwn new emerging money and the old fed debt note. Maybe it's just hopium, but DJT keeps promising folks it'll be great when we MAGA, but, if people lose everything they will turn against the MAGA movement I'm thinking.
Yes. This is what I think.
White Hats cannot force people to value a new currency system, that is up to you and the world. Even if they made a new system there is not a WH plan AFAIK to make system that wouldn't result in another fiat World Reserve Currency system even when Gold/Silver backed.
That is because gold/silver must be stored and transported by trusted 3rd parties that are essentially banks that will eventually fudge the numbers and create another fiat system.
This is not to say gold/silver isn't great to hold! Especially in local economies it will be extremely valuable to have and trade with.
Crypto though is the only new tech that breaks Triffin's Dilemna, breaks the banking system, and gives power back to the individual with 3rd parties not needed.
This is a dumb statement. This is not DJT or MAGA's fault. The responsibility for this colossal fuckup in a Republic ultimately falls on the people. We didn't protest meaningfully as they kept raising taxes. We didn't protest meaningfully when they took out rights, when we had to work more hours, or as they inflated our savings away. The general public had the power to come together and do something but they didn't. It's time for Americans to quit blaming others for their own fuckups and own up to their mistakes. If you want to actually have power over your government you can't keep blaming everything wrong on the few in govt without looking at the general public themselves.
Nothing DJT or MAGA could've done would've prevented this pain all they can do is make the pain come sooner and hurt less than letting it drag out over time.
Being a victim is a hallmark of a Leftist and it gets you nowhere.
It will be great when DJT is publicly back as president because you will have your freedom again, you will have savings again, you will have a life again. But most will have to start from the bottom again because they will lose everything in the US Monetary System. There's no free lunches, especially for screwups this monumental.
Not saying it is DJTs fault or MAGA. I'm talking optics and the every day reality that people are having to deal with and will have to deal with if the bottom falls out of the dollar with no relief in sight. I wouldn't turn against our movement, not at all. I was speaking theoretically about most of the normies out there.
While I agree with you as to getting out of a centralized currency is a must if we are to go forward with our great awakening plans I believe there will be an interim currency to pull us through.
Really think about it. If the fed note was absolutely worthless right now there would be massive civil unrest. I don't think that's part of the WHs plan. Did we the people bring this up on ourselves? Yes and no. Regardless, we must push on to the victory we have no choice.
I think this will be gold/silver/bartering and then it'll move to crypto for international commerce
There is civil unrest going on and it'll get worse. The only thing WHs people like us can do is try to dampen it as much as possible.
The world has not decided yet that dollars are not worthless because Treasury Bonds/Bills are not yet worthless. This is changing as we speak. 30 year Treasury Bonds issued in 2020 are now worth 47 cents on the dollar last I looked this week. This shoots Treasury yields up.
If Treasury Bond yields go up above Federal Reserve base interest rate, hell is gonna break loose for the economy. We are so close to being there it may happen next week and there is a high likelihood it'll happen this month.
Time for the hedgies to pay up
My GME shares are nice and comfy! Directly registered in my name via ComputerShare. Hey Wall Street scum, you made a bad bet, I won, Fu** you, pay me.
https://twitter.com/WallStreetSilv/status/1635470213377323008
š Classic meme
Wonder how fucked housing interest rates will be, seeing as they're already beyond fucked
There is a difference between FED liquidity and the Dollar. Fed Liquidity is called Federal Reserve Note. It is traded on the market AS a USD. It looks like a USD but is not.
The word like is derived from lijk or leiche, which is a dead body, a skeleton if you wish. And that skeleton is in everybodies closet.
Of course, you can think of the FRN being a US issue, but looking at markets, the real issue is not Ststes-side but off-shore called Euro-Dollar. It is an opaque market. And this market is an even bigger shithouse than domestic Federal Reserve Notes.
At any rate, fighting inflation by repatriating the FRN into the FED coffers, like in a CBDC direct debit accounts, basically means restricting the access of a medium of exchange to do business by the people themselves. It simply means an extra measure to prevent you from doing business.
As history has shown, and Patman so eloquently put down in words, first by inflation ( meaning the increase of the money supply, i.e. buying government debt) then by deflation ( restricting the size of the money supply by, for instance, curbing the access of the people to a medium of exchange) Central banks and the companies that grow up around them, will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.
This is the game.
However, it also contains the seed of destroying the FED.
Excellent find.
Not sure I agree that the root of the problem is the primary dealer system. The core of the problem is that there does not exist -- even on a global basis -- capacity to buy $3T of Treasurys annually. We can't legitimately market them. So we'll blip money into existence and buy them off the banks (our largest banks are the primary dealers, for those who may not know).