If you don't know by now, the market is irrational. It can stay that way longer than you can remain solvent. The recent GameStop episodes is a prime example of the above words of wisdom. Stimulus money is working around the nation, but it shows signs of dangerous thinking by our government. Anyone on social security did not receive a check until a communication between the Treasury and the Social Security opened up the list of people collecting that benefit. Still others received a credit card with the face value of the check. So, what's the problem you ask?
The government does not want you to decide or for a better understanding, the government has elected to give you digital money. If everyone received a flat check, the majority would seek to cash it at their bank. Maybe the bank would not have sufficient cash to meet this need. The government knows something that is not right in the banking system and this little change in not receiving a government check is to hide the problem. When you have the fruits of your labor in your hand, you have financial freedom. The way the government is addressing the stimulus is to reduce cash in society and thus, your economic freedom. It is a shame that we cannot call them out into the street to face us with their decisions. To make matters worse, the idiot millennium generation proudly uses their I-phone to pay at registers. It is no wonder that they do not know how to mange their money as they live week-to-week.
It gets worse. China is getting into the digital currency game. We, at Evolution call it a game, but it is Big Brother. The Chinese model will know exactly where every purchase is done, how much and by who. They are controlling you. Just think, if your personal economics is all done by digital and suddenly, the spigot is turned off, you are helpless. You have no money or freedom. It will be too late then. Don't fall for the wealth lure of the bitcoin. Someone controls it and you don't know their end game. By the way, the bitcoin field got more congested as the Chinese are introducing their entry, the e-yuan. One thing to keep in mind. There are wealthy people with influence who are pushing digital currency and these are the same people who desire a One World Government. This could be their choice to see their wishes fulfilled.
Stimulus Economy
We, at Evolution have repeated this fact in recent pieces. It relates to Fed Chair Powell's comments on our economy. He stated that he saw signs of an improving economy with labor participation "reaching" 150 million and unemployment lowered to 6%. He now says he wants to see a string of monthly million new jobs. This does nothing but prove our point. Continue reading. Dear Reader, we have showed you through the 2000 Census report that labor participation for that year was 217 million Americans working. We now have a larger population and less people working. Where did those 57 million people go?😡
The government lies! They can classify them as U-2s, U-6s, whatever. We classify the government as "U" - uninformed and untrustworthy.
One thing that they do know is how to keep the public misinformed. They get all the stats. They can pick and choose what to say, how to say it (spin) and when to say it. Technology has been a gift for them to hide truths like unemployment. Back in the day, everyone could see their neighbors waiting on line at the unemployment office. Today, no offices and no lines. Jobless workers have to have internet to file a claim and if they can't afford Wi-Fi, they can go to the library. Of course, the pandemic has placed another obstacle in that road. Our numbers don't lie. The government knows that. This is why so much stimulus is being passed.
High Noon is approaching...
Among the many techniques both President Trump and now, Biden used is Executive Order, Requests and Memorandums. These are not laws of the land, but in deference to the position of president, they are honored. Nevertheless, these things cannot go on forever. Individuals and corporations cannot print money to cover costs like mortgages, loans, labor costs, maintenance and taxes like the federal government. This unwritten conflict is coming into view on the street. It made itself known in three states. It centers on the moratorium on evictions. The day President Biden took office, he extended by three months the moratorium that Trump signed. By the way, this is a tell (poker term) on how weak our economy really is and how the economy hangs on government assistance to continue. Anyway, courts have ruled in three states that to continue this process is illegal. The bans are not acts of Congress as reported here in our pieces. There has been six cases nationally with an even 3-3 split. Texas, Ohio and Tennessee could start evicting people. Presently, there are 10 million Americans out of 40 million renters who are behind on rent. The stimulus has given the government a pool of $50 Billion to allocate to housing and rental assistance. The problem is the money could arrive after the eviction notices. Keep in mind that Texas is second in population. Tennessee has 19% renters behind in payments. Memphis alone has 1300 eviction notices by landlords according to Princeton University report. At present, there are many advocates to help tenants like in the state of Washington. That state is passing a law to provide lawyers to help poorer tenants in their fight against eviction. And yet, the market refuses to take into account these and other dangerous signs. The sun is almost directly overhead. A showdown is coming.
Try to stay out of the gunfight with stray bullets. Peace.
