OK muffas, lotta folks missin the CB memo, from ZeroHedge to the JYT:
Since the "Russia is the ultimate evil and Globalism is the greatest good ever"
program has fallen with Trump (and Putin before and since) and the/his/our
nationalist agenda (yeah, yeah, no doubt that was painful for the CBs - central
bankers - of the world), at least they (the CBs) are defending Western assets
against Chinese takeovers in the midst of all the fuss (this IS a fundamental
global shift after all).
So we can give them that credit point, and frankly, if they want to buy Amazon
at $2,800 USD per share (!holy firetruck Batman!) and Tesla at circa $800 per
share (damn cheap in comparison) then hey, a buy a day keeps the Chinks away,
right?
Here's an example of one soon to be enlightened:
Breaking Bad - Valuations Are Screaming "Danger"
Sven Henrich via NorthmanTrader.com,
https://northmantrader.com/2020/06/03/breaking-bad-2/
https://www.zerohedge.com/markets/breaking-bad-valuations-are-screaming-danger
Well, they’ve done it again. The Fed has once again managed to erase the
larger market pain. This time it was not the standard correction that was
erased, this time they erased a market crash as $NDX is trading at all time
human history highs.
I, for one, have to say I am surprised how effective central banks have
been in squeezing markets higher again. I thought after 10 years of this
monetary nonsense they would finally lose effectiveness in their ability to
manipulate markets. Clearly I was wrong. But then I also didn’t see $3 trillion
in Fed balance sheet expansion coming in a matter of a few months.
So one has to clearly acknowledge central banks continue to hold complete
control over these markets. But it comes at a price that will remain ignored
for now, but nevertheless I’m aiming to highlight some of the issues I see.
In my view central banks, in their quest to conduct a successful rescue
operation, are killing the patient in the process. And nobody holds them to
account, except some perplexed voices like myself are trying to at least raise
the issues. (See also Stock Market Straight Talk)
.. Mohammed El-Erian: "By contributing to higher wealth inequality and
dragging the Fed deeper into “quasi fiscal” funding operations, the central
bank also risks its credibility and political autonomy"
...
What El-Erian is missing above is that the West is absolutely in an existential
crisis: having plundered much of our Western manufacturing capacity straight
into China for decades, which was literally for the huge economic (and Chinese
wage serfs) arbitrage opportunity for Western (and of course Eastern)
oligarchs, destroying much of Western employment and real wealth in the
process, our oligarchs are now facing the truth of China's utterly nationalist
China-First policy and China's willingness to break contracts, implicit or
otherwise, even with the king makers. And that this China-First principle is
so ingrained, it's not even "China's principle" - it is inherent in every
Chinese national, it is almost the definition of being Chinese - "China, first!
We Chinese are the superior race, you are but White trash of Asia." (Search it
if you don't believe it and take a moment to grok..)
Welp, as some anon said somewhere, "you don't double cross the world bankers
and expect to come out unscathed," and it sure looks like China is about to
learn this lesson in an entirely empirical way... and please, let's have
compassion here - we ought wish the Chinese people the very best, to achieve
their highest, to live great principles and dreams - just not at the cost of
our own civilization, not at the cost of our own enslavement to them (nor to
anyone else for that matter!).
If the CBs were a little more honest about this final round of QE to infinity
and beyond, rather than say things like "Fed Policies ‘Absolutely’ Don’t Add to
Inequality", they'd instead say something like "Our globalist agenda went to
shirt, we're now nationalising and saving all that we consider to be prime
assets, from the Red regime - please try and be thankful already."
Well, in this case, "Thank you Central Banks." Some of us can see that this is
indeed a rescue program for the West itself. For this, I really am grateful,
and shudder to think of life under the regime that executes you outside your
office block in broad daylight to set an example to your coworkers if it thinks
you're a spy. We don't want that, and we don't want that ruling over us, not
in any form whatsoever. So again, thank you Central Bankers for bringing us
back from the brink - please do stay the course.
Here's the thing - between the Rothschilds, and the Chinese, I choose the
Rothschilds every day! Now, yes, I can hear that at some level this may be a
false dichotomy, but right at this moment in history the West is at crisis
point in respect of China (!), and we were at a very dangerous cross roads, so
let's be glad that at least our oligarchs noticed the bigger problem here. They
might be sociopathic oligarchs, but they're OUR sociopathic oligarchs :) :/ :)
hmmm...
Now if only our gutless Aussie 'leaders' can get with the fine program, we
could speed up our 'down under' ship and set course ahoy!
(Our Labour/Green party is roughly equivalent to Democrats, and our
Liberal/National roughly eq. to Republicans, and Labour seems to be mostly in
control at the moment, especially at the state level, and it sure looks like
they're bemoaning the loss of Globalism, AND evidently actually compromised to
Chinese funding - change is tough, I really do get that, but in this case, we
gotta change!)
[
Just ignore snide pre-millenian superior humilité in lé finé exposé abové :D
You want the humble? You can't handle the humble =)
]
