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Strategies & Market Trends : The Aristocrats (tm) -- Ignore unavailable to you. Want to Upgrade?

To: sense who wrote (2768)	9/8/2021 7:25:14 PM
From: sense	Read Replies (1) \| Respond to of 5619

ZH "almost" nails it... 4 Under-Reported Signs Paper Money Is Dying They still miss a couple of critical issues... including 1. the entire issue with QE being NOT money printing at all... but "balance sheet hole filling" using a synthetic currency replacement... that lacks the functions of money... but does replace its occupancy of place in the economy... So, QE chokes money out of the system... adds ZERO liquidity and thus actually dilutes what liquidity there is with a non-functional placeholder... and does that AS it transfers value from the economy to the banks owners... But, that makes it DEFLATIONARY and not inflationary in its aggregate impacts... it is an "aggregation of deflation" that replaces dollars that evaporated with a synthetic but non-functional and illiquid place holder... But, the "holes" in the balance sheet filled with the synthetic money... remain as holes. So, yes, the entire "taper" debate is opposite land obfuscation... as actually tapering would stop draining real cash liquidity from the economy as transfers of synthetic money to "banks reserve holdings" allowing the banks to remove other capital from the markets... ? But, the RRP being an "end around" Basel III reserve requirements... spot on... just is not really anything much to do with the QE program per se... ? Spot on again in the complexity being exploited as a deliberate ploy to obfuscate reality... particularly obstructing those who might otherwise be expected to see through the distractions enabled in the pairing up of a fog machine, a bubble machine, and bright lights bounced off a disco ball... as the bar tender sneaks out the back door with the till... 2. It's the first fairly serious "in print" presentation of the nature of the problem with SDRs I've seen... with only one other talking head pundit type I've seen even covering it... Notes as I just did in prior post... that the SDR's are highly likely to result in a surge of money chasing gold just as much or more than they are resulting now in "some" of that money chasing T-bill auctions... Still misses in not addressing the history in the role SDR's have been expected to play in fostering globalization ? 3. Whiffs pretty badly on "reserve currency" issues... missing both that while the dollar sucks, even now while sucking more than before, it still sucks LESS than the other fiats. While that boggles the mind... it also misses the chance to address "Great Reset" issues that we do already know about... even more of an oversight given the SDR issue wasn't ignored... but glosses over the "role" intended for them in, yes, ending the dollar as the reserve currency... to replace it with.... SDRs / ??? / ??? 4. Mostly nails "inflation" reality in considering it by the numbers... only still whiffing in failing to recognize that the inflation we have is mostly NOT monetary... but primarily STRUCTURAL in origin... and, thus "REAL" and not much subject to being disappeared by a bit of financial paper-based sleight of hand... You can lie about it... but, what you can't do... is have the lie you told actually make any difference in the real impact only because people believed it when you lied to them... Being lied to and thus harboring lower than realistic expectations of low inflation... will not alter the reality in the larger bills you get at the end of the month. The monetary component of it that there is ? Perhaps... as the lie about QE being inflationary... only propped up there to illuminate the illusion that they ARE in control of it... ? The lie that "There is no inflation"... isn't going to survive very long... The question that leaves... is when that lie does finally die... what else will die along with it...