UBI:
- Universal basic income.
- Universal banker's' insurance (literally).
- Ungodly bloody institute.
On Fri, Apr 10, 2020 at 11:07:44AM +1000, Zenaan Harkness wrote:
> Here's that extra $4 trillion for ya :)
>
> Gold Soars Along With Everything Else As Fed Ends Capital Markets As We
> Know Them
>
> https://www.zerohedge.com/markets/stocks-gold-surge-fed-announces-end-capital-markets-we-know-them
> .. Simple! - The Fed injected $440BN in last week, total is now $6.3
> trillion
>
>
>
> On Fri, Apr 10, 2020 at 11:05:33AM +1000, Zenaan Harkness wrote:
> > On Thu, Mar 26, 2020 at 08:18:48PM +1100, Zenaan Harkness wrote:
> > > And some of us thought this QE5 would "be lucky to last 6 months."
> > >
> > > Welp, how's 1 (as in, ONE) week grab ya?
> > >
> > > Wow.
> > >
> > > $1.2 trillion in past two weeks, $2 trillion "stimulus/ COVID rescue"
> > > bill, and infinity $$ printing going forward.
> > >
> > > Global martial law in two weeks is now looking possibly optimistic, as
> > > in, we might be in for escalation by next week even... possibly, but
> > > quite possibly probably it seems.
> > >
> > > This is end game (reset time), folks, we're talking may be a few weeks.
> > > If you failed to hedge any real wealth with some physical gold purchases,
> > > you're most likely S.O.L. right about now...
> > >
> > > So grab any physical asset you can. Does not matter that real estate
> > > prices may collapse 10 fold in the coming couple of months, a debt free
> > > R/E title is a hell of a lot more physical that some numbers in "your"
> > > bank's computers. "Bail in" and all...
> > >
> > > Good luck with any substantial asset purchase in this climate -> at this
> > > point, it's safe to say, if you haven't done what you "always knew" you
> > > should do, you are well behind the 8 ball, and probably too late.
> > >
> > >
> > >
> > > Fed Buys $587 Billion In Bonds In Past Week, 2.7% Of GDP, Just As
> > > Foreign Central Banks Start To Liquidate
> > >
> > > https://www.zerohedge.com/markets/fed-buys-587-billion-bonds-past-week-27-gdp-just-foreign-central-banks-start-liquidate
> >
> >
> > And just like that, $400 billion, became a trillion, became $2.3 trillion,
> > became $6.3 trillion!
> >
> > Another 2 weeks, another doubling - this time to (of course) $4 trillion
> > moar. And in another short time period it shall be $8 trillion, and
> > Goldman's estimate of the Fed's "$10 trillion financialization asset book
> > by the end of this [2020] year" goes up in a puff on conservative "shit,
> > it's bigger ain't it?" smoke.
> >
> > What's $4 trillion between a government and its interest payments anyway?
> >
> > What the bankers don't seem to understand, and really ought to understand,
> > is that an insanely wealthy top of the pyramid, to be sustainable over time
> > (the whole point of the banking exercise), requires a strong base to the
> > pyramid/hierarchy - we lowly folks (your extremely highly opinionated
> > scribeler included of course) need dollars.
> >
> > Why do we need dollars you ask?
> >
> > Because we don't have many, of course. And no, that's NOT meant to be
> > funny, stop chuckling already :)
> >
> > And what good is it to bankers, for lowly plebes like "we truly" to have
> > abundant dollars?
> >
> > Because I/we spend those dollars of course - on a home, perhaps a vehicle,
> > a tractor for those who would like to grow potatoes, a new laptop to
> > replace my ageing 10 yr old clunker, a cool "libre laptop" assembling
> > business, etc, etc, etc.
> >
> > But again, I hear you ask, why is this useful to wealthy bankers?
> >
> > Because (since yes, I know it's hard to understand simple things), that
> > money which we deplorables spend, is being spent ultimately into bank
> > accounts, on interest, on credit card repayments, on rent, and on crazy
> > real estate prices -- thus propping up all your stupid banker
> > financialization.
> >
> > Oh how one who would hope to find God doth cringe at pointing out the
> > obvious and necessary steps required by greedy people to prop up their
> > stupid greed!
> >
> > Did I mention greed is stupid? Because, cringe!
> >
> >
> >
> > And just like that, with a snap o tha fingers, he justifies UBI.
> >
> >
> >
> > I didn't want to justify UBI - really, truly! Bin holding out on that one
> > for a couple years now - ever since some serious thought was put to the
> > matter and the self evident so rudely encroached upon that lonely neurone.
> >
> > This is actually a sad day for humans, since UBI shall likely template the
> > majority into being satisfied with their golden cages in this world -
> > "peace begets slothfulness" and all...
> >
> > One can justify this with a "you get what you firetrucking deserve" or a
> > "well it has been this way since time immemorial - only the few ever sought
> > their maker within anyway" etc.
> >
> > Cest la vie.
