Nueva Democracia: JUL 24 2021 ND SIT EC y POL Part 1

JUL 24 2021 ND SIT EC y POL Part 1

ND denounce-neoliberal debacle y propone State-Social + Capit-compet in Eco

ZERO HEDGE ECONOMICS

Neoliberal globalization is over. Financiers know it, they documented with graphics

Top NEWS

WATCH: HOW TO STOP SILVER MANIPULATION- FIRST MAJESTIC CEO

BY VBL

Goldfix Weekly With Bitcoin Trading levels

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SILVER GOLD PRICE SUPPRESSION EFFECTIVENESS DIMINISHING

BY jhanders

How does making $3.6 billion from inducing a silver derivative waterfall decline selloff sound

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Now Zerohedge Com: Economics

2020-2022 VERSUS 1929-1932

By Alasdair Macleod via GoldMoney.com,

The obvious difference is in the money: gold-backed dollars then compared with unbacked fiat today...

Current levels of equity markets are not only divorced from their underlying economic and business realities but are repeating the madness of crowds that led to the Wall Street crash of 1929—1932. The obvious difference is in the money: gold-backed dollars then compared with unbacked fiat today.

We can now begin to see how markets and monetary events are likely to develop in the coming months and this article provides a rough sketch of them. Obviously, the financial asset bubble will be burst by rising interest rates, the consequence of rising prices for consumer essentials. Fiat currencies will then embark on a path towards worthlessness because the monetary authorities around the world will redouble their efforts to prevent interest rates rising, bond yields rising with them, and equity values from collapsing; all by sacrificing their currencies.

The ghost of Irving Fisher’s debt-deflation theory will soon be uppermost in central bankers’ minds, preventing them from following anything other than a radically inflationary course regardless of the consequences.

Current views that tapering must be initiated to manage the situation miss the point. More QE and even direct purchases of bonds and equities are what will happen, policies that will certainly fail.

Anyone seeking to survive these unfolding conditions will be well advised to put aside some sound money - physical gold and silver.

See Chart:

Dow jones industrial index in gold

https://cms.zerohedge.com/s3/files/inline-images/Vs1.png?itok=ps7-Mzpy

But the lesson for the bulls is that the days of claiming that inflation is confined to 2% or so are ending. The near doubling of the Fed’s monetary base from the time of the repo crisis in September 2019 has also seen an explosion in commodity prices. Figure 2 illustrates the point, with the up arrow showing the point where commodity prices turned higher, taking their cue from the precise moment of the Fed’s abandonment of all monetary restraint.

See Chart:

Fig 2: Invesco DB Commodity tracking (DBC)

https://cms.zerohedge.com/s3/files/inline-images/Vs2.png?itok=NjEEn9Tx

Those of us who have taken the trouble to study the theories of money and credit know that the future is devolving into one of two choices for the authorities. The first is to continue with the policies of extend and pretend and watch the dollar and every other fiat currency suffer in terms of their purchasing power. Alternatively, central banks and governments must refuse to inflate the quantity of money any further and cut their spending to the bone. And they must permit both banks and businesses, when they fail, to do so.

Unfortunately, central banks only have a mandate for the former, and cannot stand back and let private sector actors sort it all out.

With today’s potential currency collapse being a global affair, we cannot measure the effect on asset values in any currency, but only in sound money. Throughout history sound money has been gold, which is why Figure 1 at the head of this article is relevant. And as Figure 3 below shows, having backed off from higher levels the gold price has been stable so far this year, with both gold and silver down a modiest 4.5%.

See Chart:

Figue 3: Gold and Silver 2021 USD

https://cms.zerohedge.com/s3/files/inline-images/Vs3.png?itok=W2WiuFbX

Could this equate to the livre’s relative stability in the first half of 1720 before its collapse? We should resist overinterpretation, but it seems very likely that when fiat currencies are dramatically overissued to support failing financial asset values, it will be reflected in a sharply rising gold price.

Continue reading this interesting art at:

SOURCE: https://www.zerohedge.com/markets/2020-2022-versus-1929-1932

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US DOMESTIC POLITICS

Seudo democ duopolico in US is obsolete; it’s full of frauds & corruption.

"IT LOOKS LIKE A BAZAAR IN ISTANBUL": WITHOUT POLICE ON THE STREET, ILLEGAL VENDORS AND GAMBLERS ARE TAKING OVER THE BRONX

We'll ask the same thing we asked days ago when it was reported that a man was shot at point blank range in Brooklyn: has Eric Adams been sworn in yet?

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Biden collapse regime is ad portas. People protest will go up

CNN: SEGREGATE UNVACCINATED, MAKE THEM PAY FOR TESTS EVERY DAY

“Experts” suggest getting “very aggressive” with those who choose not to get vaccinated...

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Vaccine is nasty business: it doesn’t prevent nor cure CV: it kill or create addict to more vaccine The real solution is fortify the immune system: not info on it.i

False flag & xenophobe explain the case above.

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CHRISTMAS TREE FARMS SCORCHED IN OREGON AMID RECORD HEAT

"I came in the driveway that night and seen

the trees were basically cooking."

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PROGRESSIVE DEMOCRATS BLAST 'RECKLESS' BIDEN PLAN TO ALLOW EVICTIONS TO RESUME

11.4 million renters—or one in seven—are behind on rent payments

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PHILADELPHIA'S MURDER RATE HIGHEST AMONG LARGEST US CITIES

Philadelphia is on pace to have one of its most violent years on record.

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TEXAS BEGINS ARRESTING ILLEGAL IMMIGRANTS FOR TRESPASSING BORDER SECURITY PLAN

"All of those arrested so far have been single adult men..."

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US WON'T INVESTIGATE GOVERNORS WHO ORDERED NURSING HOMES TO ACCEPT COVID-POSITIVE RESIDENTS

"...It is outrageous that the Department of Justice refuses to investigate the deadly ‘must admit’ orders issued by governors in New York, Pennsylvania, and Michigan..."

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US-WORLD ISSUES (Geo Econ, Geo Pol & global Wars)

Global depression is on…China, RU, Iran search for State socialis, D rest in limbo

PROTESTERS RAGE ACROSS EUROPE AS LOCKDOWN, VACCINATION MANDATES BEGIN

Take off your F*CKING MASK..."

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IRAN OPENS EXPORT TERMINAL TO BYPASS WORLD'S BIGGEST OIL CHOKEPOINT

...an "important step for Iran" that will

"secure the continuation of our oil exports."

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China create own missiles with RU help. No need for US help

ELECTRICAL ENGINEER GETS FIVE YEARS IN PRISON FOR SELLING MISSILE TECHNOLOGY TO CHINA