- The only thing that is constant, is change.
- Heraclites
Today, we have reached the halfway point in the year. What do we know? The recovery from the pandemic is not just one vaccine away. The unemployed, as we have mentioned, will be a stumbling block to the recovery. Wall Street, as it always does when it gets cheap money, over estimates earnings and stock evaluations. The American society is fragmented. The Federal Reserve is a phony, lying agency. When will people realize that its purpose is to privatize profits for the banking system and socialize any losses. Their latest BS is on inflation:
Trapped in Purgatory.
The Fed cannot raise interest rates because our debt load is becoming unserviceable. They will keep pointing out aspects on data that inflation is temporary. They will play the "Fed Watch" game. The media will concentrate on the mention of individual words rather than calling the Fed out. Then, of course, they are bought and paid for. They are controlled by the people who get the benefits from the Federal Reserve. We say, "End the Fed!"
Speaking of the Banking System...
The ramifications of Basil III will come into play by the end of the year. This accord raised the asset of gold to equal cash. This is huge. Gold will take off because banks will have to increase their cover on leverage, especially with unallocated gold. This is abstract gold that is traded when in actuality, the contract does not have the physical gold behind any trades. This will result in a short squeeze on gold. This will take some of the manipulation out of gold. It is going up...and big!
Final Extension...
The Biden administration extended the moratorium on evictions until the end of July. This is it. There will be no more extensions. Do you know what this really means? We predict that 1 September will become "Nomadic Day" in the US. Renters will be moving or find their possessions out on the street. They will be evicted by the millions. This visualization on the news will bring awareness to our high cost of shelter to which the Federal Reserve does not include in their perverse formula for inflation. Do you realize that the refugees in war torn nations like Syria are bundled into tent cities? This sad aspect could be coming to America as cities lack affordable housing, The cheapest answer will be, Tent Cities.
Why, you ask? Because home prices are unaffordable to our wage structure. The average medium price for an existing home in May rose to a record of $350,000. The cost for a new home is off the charts and our space.
Policing...
The result of evictions and other social problems will lead to protests and demonstrations. Does someone in the government foresee this possibility? I say yes because $150 billion of stimulus money that was suppose to go for education is being diverted for police departments. In addition, another $350 billion from the American Rescue Bill is going to states for their police departments. No one mentions new training that is dearly needed as well as better solutions in arrest procedures. Police are not being defunded, but recapitalized!
Good News...
Recent developments concerning supply chains and future delivery are being addressed by one-third of all producers in China. They are waking up to the fact that they operate in a Communist nation. The Red Party just showed its true colors by passing the "Compliance Issue." This act requires all companies to pledge allegiance to China over their nation of origin. These firms are making plans to exit China. Yea! The only negative is most of these firms will relocate to other Asian nations like Vietnam. One of the few things that Trump did right was to lower corporate taxes to motivate companies to return to the US. If Biden wants to balance his budget, he should raise import taxes to convince producers to provide jobs in America. A report by UBS says 76% of US companies are considering moving their operations out of China. Yea! Double, Yea!
I have mentioned a few companies that we hate like Apple, Amazon and Nike because they give jobs to China and make their profits in America. Well, Nike is moving out of China. Again, Yea! This company is making, big, big money. They bring in one billion a week, Wow! While I'm at it, a shout-out to Black and Decker. They are leaving China for Texas. God Bless Them!
Bad news...
Washington Prime filed for Chapter 11 bankruptcy. It owns 101 malls. This is the third mall retailer to file.
Last Thought...
Need a quality job? Learn pipefitting or welding. The infrastructure bill guarantees that the need will be there in every state and city in the US. Be thankful for this opportunity. Our government rarely does what our nation and citizens really need. This work will be rewarding financially as well as emotionally. Peace.
