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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.29+0.9%Dec 17 4:00 PM EST

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To: Secret_Agent_Man who wrote (157418)5/2/2020 6:39:20 PM
From: ggersh3 Recommendations   of 218551
 
Back to the markit.....a good read

thebullbear.com

The Federal Reserve Bank, as the issuer of the global reserve currency, and its associated global central banks, have unilaterally granted themselves the power to issue any amount of currency. They have declared the power to buy and sell with literally unlimited artificially-created funds in any market at any time for any reason. They have issued the edict that all bankruptcy, all default and all consequence for any misallocation of resources is illegal and null. Any form of speculation and financial engineering, whether in the past, present or future, has been sanctioned and authorized. Those without access to the spigots of central bank liquidity will receive subsistence levels of Universal Basic Income.

There are no more free markets. There is no capitalism. If there is an actor in the markets which can intervene in any way at any time for any reason in any amount without any process of authorization then there are no markets. There is only pure, centralized, fiat power.

None of this could have been accomplished absent a pervasive atmosphere of fear and a population willingly submitting to lockdown. There are no tanks in the streets, but the first UBI checks are in the mail.
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