Yup— and do you think starving Africans who dig in mud with their hands for the metals are six feet apart and wearing masks? You think they EVER shutdown anything in march 2020 on the plantations/mines? They’re probably working for less now since our inflated dollar buys more In African Funny Money De Jour.
Also, when people invest in a mutual fund, the fund has no choice but to buy at whatever price the market is at. So when you constrict consumption through curfews, the savings end up in the market, instead of in the economy, and it doesn't drop as much as it should.
This is happening where I live, even though borrowing is not cheap here. Funds buying into a ridiculously overpriced market, which has long since overshot it's theoretical worth (as valued by discounted cash flow method, let's say).
That’s exactly what it is. My understanding is that Blackrock built a city sized computer somewhere like Alaska and created high frequency trading and basically runs Nasdaq and and NYSE’s software backbones.
So black rock and vanguard sell stocks to each other, back and forth, thousands of shares ping ponging 100’s of times a second, each bid a penny higher than the last— or lower—
It’s so rigged, but like with Madoff, the only thing the regulators can do is look away.
I think it will go hyper. Wages will have to increase, and like in Weimar Germany, people will be able to pay off debt easily. Owe $400,000 on your house? Well now you’re making $7,500 an hour, so it won’t take long. Downside is, however, a loaf of bread is also $7,500.
All inflation is psychological, but the end result is the same if it goes unchecked....just bank runs were psychological....it's end result you don't want... There is no deflation.
Nothing goes down unless it's being competed by cheaper labour sources or vastly superior Innovation and those require usually a massive supply chain to even get in the first place....so you leak out in other industries all the deflation of some key ones...
Yeah, thats a utopian dream. It requires a real shift from the concept of money ... That isn't really deflation... His theory is that we will "all share in the wealth" of the big corporations.....
Bs
He seems to be believe that wealth transfer comes gracefully.....
I agree that the constant devaluing of labour will cause economic turmoil, but that is traditionally what is meant by inflation...perhaps the mechanism is secretly a deflation, but I think it's more complex.
We want more buying power always, and the system is debt driven which cannot result in a fully empowered workforce, so you need to have a suction pulling via the interest rates to keep the system afloat....they fucked up since the 80's because they have consistently be fucking with the interest instead of promoting the underlying actions.
Loans have been used to increase buying power....not actual output. This is the cause of the problems. This has led to consolidated profits and spread out debt....this causes massive inequality amongst those who produce and those who fail to produce....since we have debt attached it punishes Failures....but doesn't balance the rewards properly when consolidation occurs.
Celente Sounds like a very old man talking shit on the bus and a little kid complaining on the playground at the same time. The way he curses is hilarious.
Apple is a cia/mossad front for laundering human and drug trafficking money and probably alien tech. Just like Facebook, twitter, etc. HSBC was convicted of this 5 years ago and is still doing it. They were just fined two weeks ago.
It's the same world shadow government pulling the same mob tactics since world war 2. Trafficking, laundering, Epstein's honeypot, and now a world wide virus protection racket.
They are really a battery-technology-copyright-leasing company.
They will end up like SEGA, a hardware and software company that decided hardware was too expensive...
Tesla will be the tech brains behind mercedes and Others’ electric lines.
Yup, did people forget how much apple’s cut of everything in the APP store is? It doesn’t matter if device sales are down 99.9% when software sales are through the fucking roof, And you don’t put enough memory in your phones so everybody has to pay for monthly cloud storage... EVERY month... That’s genius. That’s projected recurring revenue —Something you could take to the bank if you’re a corporation and say hey “see this” then you can get a jillion billion dollars loan to your company at .01% interest, buyback your own stock and viola! You’re smashing records!
It's because of the current economic environment, ie zero % rates and qe injections by the fed. It's blowing bubbles everywhere.
Yup— and do you think starving Africans who dig in mud with their hands for the metals are six feet apart and wearing masks? You think they EVER shutdown anything in march 2020 on the plantations/mines? They’re probably working for less now since our inflated dollar buys more In African Funny Money De Jour.
S&P will loose 70-80% of value. Only reason it’s going up is that it’s a sponge for excess capital. This ends when price discovery begins.
Also, when people invest in a mutual fund, the fund has no choice but to buy at whatever price the market is at. So when you constrict consumption through curfews, the savings end up in the market, instead of in the economy, and it doesn't drop as much as it should.
This is happening where I live, even though borrowing is not cheap here. Funds buying into a ridiculously overpriced market, which has long since overshot it's theoretical worth (as valued by discounted cash flow method, let's say).
That’s exactly what it is. My understanding is that Blackrock built a city sized computer somewhere like Alaska and created high frequency trading and basically runs Nasdaq and and NYSE’s software backbones. So black rock and vanguard sell stocks to each other, back and forth, thousands of shares ping ponging 100’s of times a second, each bid a penny higher than the last— or lower— It’s so rigged, but like with Madoff, the only thing the regulators can do is look away.
90% of the s&p have had a really, really bad 2 years.
the FAANG stocks are, quite literally, to blame for the s&p bubble.
why a bubble? buying back their stock w/ dang-near free money.
Yup, look up company stock buybacks—- all time high rn
Fed has been buying up assets during all of covid, they said today they will start dumping on the first rate hike.
imma call it the TRI-FUCK-TA.
rate hike + QE taper + dump.
folksies, market gonna go scurred. will be an opportunity.
Yeah cause steve was such a great guy.
this isn't going to keep happening....the harder companies go up and up? the harder they will fall..
Inflation....
I think it will go hyper. Wages will have to increase, and like in Weimar Germany, people will be able to pay off debt easily. Owe $400,000 on your house? Well now you’re making $7,500 an hour, so it won’t take long. Downside is, however, a loaf of bread is also $7,500.
All inflation is psychological, but the end result is the same if it goes unchecked....just bank runs were psychological....it's end result you don't want... There is no deflation.
Nothing goes down unless it's being competed by cheaper labour sources or vastly superior Innovation and those require usually a massive supply chain to even get in the first place....so you leak out in other industries all the deflation of some key ones...
Yeah, thats a utopian dream. It requires a real shift from the concept of money ... That isn't really deflation... His theory is that we will "all share in the wealth" of the big corporations.....
Bs
He seems to be believe that wealth transfer comes gracefully.....
I agree that the constant devaluing of labour will cause economic turmoil, but that is traditionally what is meant by inflation...perhaps the mechanism is secretly a deflation, but I think it's more complex.
We want more buying power always, and the system is debt driven which cannot result in a fully empowered workforce, so you need to have a suction pulling via the interest rates to keep the system afloat....they fucked up since the 80's because they have consistently be fucking with the interest instead of promoting the underlying actions.
Loans have been used to increase buying power....not actual output. This is the cause of the problems. This has led to consolidated profits and spread out debt....this causes massive inequality amongst those who produce and those who fail to produce....since we have debt attached it punishes Failures....but doesn't balance the rewards properly when consolidation occurs.
Aha, this was also mentioned by Gerald Celente in his usual manner. Pretty hilarious - the Apple segments is at 17:45.
Celente Sounds like a very old man talking shit on the bus and a little kid complaining on the playground at the same time. The way he curses is hilarious.
Is this an economics forum?
Apple is a cia/mossad front for laundering human and drug trafficking money and probably alien tech. Just like Facebook, twitter, etc. HSBC was convicted of this 5 years ago and is still doing it. They were just fined two weeks ago.
It's the same world shadow government pulling the same mob tactics since world war 2. Trafficking, laundering, Epstein's honeypot, and now a world wide virus protection racket.
Fuckin normies, man.
They are really a battery-technology-copyright-leasing company. They will end up like SEGA, a hardware and software company that decided hardware was too expensive... Tesla will be the tech brains behind mercedes and Others’ electric lines.
the stock market is "crashing up"
see venzuela
https://adjusted-for-inflation.com/wp-content/uploads/2017/02/venezuela-stock-market.png
Yup, did people forget how much apple’s cut of everything in the APP store is? It doesn’t matter if device sales are down 99.9% when software sales are through the fucking roof, And you don’t put enough memory in your phones so everybody has to pay for monthly cloud storage... EVERY month... That’s genius. That’s projected recurring revenue —Something you could take to the bank if you’re a corporation and say hey “see this” then you can get a jillion billion dollars loan to your company at .01% interest, buyback your own stock and viola! You’re smashing records!