Biden

The corruption by Biden’s sons gets a pass by the liberal media — this time they ignore something that is so obviously real versus inventing something about Trump that isn’t.

Biden as president would be a big step backwards — an old-time politician with a slick smile and no leadership. Not what the country needs right now to lead it out of the economic morass created by the virus. If he gets elected, the wheels come off pretty quickly. We will see some real chaos in the street then.

Biden Corruption

Bail Out

The Treasury and the Federal Reserve are bailing out virtually everyone, but who is going to bail them out?

The Treasury does this by taking on more government debt; while the Federal Reserve does this my magically creating money from simply expanding their balance sheet. In both cases, in other words, the money used to bail everyone out is created out of thin air. When this charade ends and this house of cards collapses, who is going to come to the rescue?

Public School Disasters

Current Bubble

The bubble that’s going to bring down the whole house of cards isn’t the stock market but government debt.  At what point do government debt levels reach a tipping point?  No one knows.  But the massive fiscal response of governments around the world to the coronavirus pandemic have accelerating this process toward that tipping point and precipice.

Wizard of Oz in Washington

Voodoo

No More Recessions

Federal Reserve has now banned recessions — at a cost of 7 trillion.  There will be no more recessions.  So, in a sense, there is no longer any risk in investing in the stock market — it will always go higher, it will never really collapse.  Kind of like the ultimate in chrony capitalism, no?

The stock market and the bond market are completely phony, but they are the only game in town, so everyone plays them, especially since there is so much cheap money around to play them with — cheap money as in free money from the Federal Reserve.  It’s all insane, but what choice is there?

Financial Chicanery?

Financial Chicanery?

Will this chicanery of the Federal Reserve end badly? They are doing what they used to tell banana republics not to do — trying to dig yourself out of a financial hole by printing money. It worked 10 years ago, but will it work this time, on a much bigger scale? If the markets ever begin to doubt it, then all hell breaks loose. It’s a credibility game. Belief can crumble quickly — virtually overnight.  One day you have total faith in them, the next none.

Worse Case Scenario

Stock Market Collapse?