This week, crypto reporter jamieCrypto spoke with geraldcelente, the popular trends forecaster, and publisher of the Trends Journal. Economics Gold Bitcoin CovidWar
had forecast this back in 2000. The reality that everybody is forgetting is that the Covid War destroyed the livelihoods of hundreds of millions, if not billions of people. The only thing they did to prevent it was to inject countless trillions of dollars of monetary methadone into the equity markets through their bond-buying schemes and keeping interest rates to negative and zero rate policy.
“Oh it’s a result of the pandemic,” they say. “The supply chain issues are a result of the pandemic.” Just look at the facts. Oh, over there in India, before Covid, what did they have like seven or nine GDP declines in a row? Oh and a place called Germany, the richest economy in Europe… Oh, they were a fraction away from going into an official recession in 2019. You forgot about all the money that they were pumping into the repo markets. What is a repo market? The repo markets are where they give the gamblers on Wall Street and money junkies free money to go gamble.
When you look at raw material prices from corn to copper to cotton to crude, oil prices are plummeting. The slump in major industrial materials racked up its worst quarter since the panic of 08’.The dollar has no real competition. It’s as simple as that. Look at the Chinese yuan. They have a debt to GDP ratio of over 300. Are you going to go to the Japanese yen? In Japan, where they have a debt to GDP ratio of around 260 something.
In the new world order, where the ‘Bigs’ own everything, it’s prosecution to the fullest for we the plantation workers of Slavelandia, and little arrogant boys like Jamie Dimon get a slap on the wrist. For committing major felonies. So the markets are rigged. Look at the crap they have like a plunge protection team. ‘Oh the markets are going down too sharply, let’s pump ’em back up! We’re the New York Fed — We got a desk right there on Wall Street.
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