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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (185277)	3/13/2022 1:07:05 AM
From: Secret_Agent_Man	Respond to of 217657

got it thanks

To: TobagoJack who wrote (185277)	3/13/2022 6:24:21 AM
From: sense	1 Recommendation Recommended By carranza2 Respond to of 217657

Not much I find new in it... but, interesting to finally hear others saying (some of) what I've been saying for... some years. Change afoot...I've noted as "a reversal in the tide"... that they address in closing minutes, mostly, if not only, as ending the long imposed (40+ years) suppression of (the value of gold and) industry, jobs, work and workers in the U.S., as a "re-shoring" of industry... not as a liberation from control... but a change in orders... which they address in closing without addressing the flip side in what that means has been occurring in the rest of the world in that same time, or what that change coming portends for the rest of the world, now. They addressed some external impacts earlier... but only in misrepresenting it as "free money for the U.S. taken at others expense" without any consideration re the costs borne by the U,S. to enable it, or the benefits enabled by that arrangement, for others, at U.S. expense... which others have become inured to expecting "for free" from us. I have noted that, often, as the U.S. being constrained while subsidizing the development of the rest of the world for the last forty years... which is not wrong. And, while they suggest the U.S. is finally going to be allowed (or, forced) to go back to work (and compete, again) after being forced to stand aside idly for forty years... the lives of an entire generation were ruined by the impositions... which also means... the unacknowledged global dependence on the U.S. subsidy... which the beneficiaries refuse to recognize being taken from us... is going to end... with some surprising costs and consequences. An empire, forced on us, does not sustain or maintain itself at no cost... while the order maintained in a "world order" is undervalued by those who can't see it, or see advantage in it... as those who most benefit from its provision and others tacit acceptance of it... value it least... The common thread I note in others discussions of these arrangements... always... is that they are always tuned to the local audience... with focus always assiduously avoiding one half the issue to focus on the other... always pushing the "positive" in situ, even including benefit in subsidy enabled cast as "wrongs done you"... and always pushing the "negative" ex locus... as with origins in others wrongful impositions... This is no different... it notes only benefits coming here with the change... not the horrible costs yet to be borne... while ignoring those impositions borne far too long already, and their generational costs... The reversal in the tide is welcome... here... by those who see and understand it... but, not sufficient. None here were ever asked to allow or approve what was long imposed on them, or that lost by it... or any of that done through them ? And, that presented... still follows the form in local presentation noted above... to foster the focus "on half"... words in context of "divide and conquer"... telling all peoples only the half part they want to hear... still managing by deception... still intending to foster not only competition... but conflict... So, half the truth is there... Perhaps it adds some resolution to that shift occurring in relation to timing... connecting "the shifting of the tide" to recent specific events here. I did note, as in the Rickards article... "a mention" of a relevant item... They noted the Basel III transition was "watered down" in July... but failed to expound. Perhaps that refers only to the BoE claiming exceptions or exemptions from either the timing or application in entirety... which I dismissed as "misdirection" intended to facilitate the late May rotation in the trade to London, picked up in June ... I still think England cannot "opt out" meaningfully... without being excluded... but have seen no other discussion of the details, since May...

To: TobagoJack who wrote (185277)	3/13/2022 6:48:41 AM
From: sense	Read Replies (2) \| Respond to of 217657

Almost wrapping up Saturday work load... Labor Saving Devices ?

To: TobagoJack who wrote (185277)	3/13/2022 1:20:08 PM
From: carranza2	1 Recommendation Recommended By fred woodall Read Replies (2) \| Respond to of 217657

Just wow! Very dense, very nuanced review of macro history since the 1971 closing of the gold window. Quite difficult to summarize it in a few words, but I’ll try. A huge amount of the world’s FX reserves are held in US Treasuries. Gromen believes that when the US basically eliminated Russia’s share of them on February 26, it was an act with enormous implications because as of then FX reserves were no longer super-safe for the entire globe. They are now known to be subject to the whims of an American President. It was, as Gromen calls it, the closing of the FX window Rational actors will get away from US Treasuries because February 26 served notice that they are not the bastion of stability that they were once considered to be. Some countries have been moving away from Treasuries already, some have requested re-patriation of their gold reserves held in the US. Gromen believes that the effects are varied. Initially, the very first effect is a movement away from the USD. Then, because there will be fewer dollars available to buy increasingly unpopular Treasuries, gold should rise. FX reserves previously held in US Treasuries will be recycled into the one asset that is no one’s liability. Also, it will end the bull market in bonds as interest rates inexorably rise. Because we financed our own industrial seppuku, our industrial base should rise again as foreign trade in USD becomes less advantageous. Gromen sees the new Tesla and Intel plants as examples. I did my best, Jay. Translating this incredible discussion into layman’s language is not easy, so caveat emptor.

To: TobagoJack who wrote (185277)	3/13/2022 3:07:53 PM
From: Pogeu Mahone	1 Recommendation Recommended By fred woodall Read Replies (1) \| Respond to of 217657

China China battles worst Covid outbreak for two years as cases double in 24 hours Nearly 3,400 cases were reported on Sunday, forcing shutdowns for millions of people and closure of schools in Shanghai See all our coronavirus coverage here People line up for a Covid-19 test in Shanghai. Photograph: Future Publishing/Getty Images Agence France-Presse Sun 13 Mar 2022 00.02 EST China reported nearly 3,400 daily Covid-19 cases on Sunday, double the previous day, forcing lockdowns on virus hotspots as the country contends with its gravest outbreak in two years. A nationwide surge in cases has seen authorities close schools in Shanghai and lock down several north-eastern cities, as almost 19 provinces battle clusters of the Omicron and Delta variants. The city of Jilin has been partially locked down, with hundreds of neighbourhoods sealed up, an official announced Sunday, while Yanji, an urban area of nearly 700,000 bordering North Korea, was fully closed off. Call to offer more people fourth jab as Covid rises in England Read more China, where the virus was first detected in late 2019, has maintained a strict zero-Covid policy enforced by swift lockdowns, travel restrictions and mass testing when clusters have emerged. But the latest flare-up, driven by the highly transmissible Omicron variant and a spike in asymptomatic cases, is challenging that approach. Zhang Yan, an official with the Jilin provincial health commission, admitted on Sunday that local authorities’ virus response so far had been lacking. “The emergency response mechanism in some areas is not robust enough, there is insufficient understanding of the characteristics of the Omicron variant … and judgment has been inaccurate,” he said at a government press briefing. Residents of Jilin have completed six rounds of mass testing, local officials said. On Sunday the city reported more than 500 cases of the Omicron variant. The neighbouring city of Changchun – an industrial base of nine million people – was locked down on Friday. The smaller cities of Siping and Dunhua, both in Jilin province, were locked down Thursday and Friday, according to official announcements. The mayor of Jilin and the head of the Changchun health commission were dismissed from their jobs Saturday, state media reported, in a sign of the political imperative placed on local authorities to squash virus clusters. ‘It’s like we are being left to die’: Hong Kong tackles deadliest Covid wave Read more But fatigue with the strict approach has been showing in China, with officials increasingly urging softer and more targeted measures to contain the virus, while economists warn that tough clampdowns are hurting the economy. As cases have climbed since late February, the response in different parts of the country has been generally softer and more targeted compared to December, when the city of Xi’an and its 13 million people were locked down for two weeks. In China’s biggest city, Shanghai, authorities have increasingly moved to temporarily lock down individual schools, businesses, restaurants and malls over close-contact fears rather than mass quarantines. Advertisement Long lines have been seen outside hospitals in the city as people rush to obtain a negative Covid test. As cases rise, the country’s national health commission announced Friday that they would introduce the use of rapid antigen tests. The kits will now be available online or at pharmacies for clinics and ordinary citizens to buy for “self-testing”, the health commission said. Although nucleic acid tests will continue to be the main method of testing, the move suggests China may be anticipating that official efforts will not be able to contain the virus. Last week, a top Chinese scientist said the country should aim to coexist with the virus, like other nations, where Omicron has spread like wildfire. But the government has also made clear that mass lockdowns remain an option. Chinese vice-premier Sun Chunlan, who frequently telegraphs top-level thinking on the pandemic response, on Saturday urged regions to quickly pounce on and clear outbreaks.