Comments by "" (@jmitterii2) on "Bloomberg Television" channel.

And what is Fat fuck doing now? Telling the Fed to keep interest rates low to keep the big fat ugly bubble going. What fat fuck hypocrite doesn't understand, if this continues, the Fed eventually will lose all control over effects on the economy. Monetary policy becomes pointless as staring at your bubbly button hoping something gets fixed for the better.
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Put a shoe cartel in charge of the nation's economy and you would have the shoe sector protected like crazy. It's idiocy we allowed the banking sector to become such a prolific part of our economy. It's pure madness.
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Started as a finance major back in 2003... after a few years realized what crooked stupid financial system we have, the way it functions completely from retail retirement firms, literally Washington Mutual wanted me to broker for retirees or soon to be retirees and I got an incentive to put them in to particular investments, not investments that would necessarily benefit them the most. And then there's everything else, it just gets more ridiculous.
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@levelazn The debt China borrowed was largely in US denominated debt. Because who was issuing all the debt? The USA... also Europe... probably Australia and Canadian dollars too. So no.. it'll have as much an impact on the entire financial system. The contagion will spread. What's bad is the cockroaches that become exposed by the collapse of what we do know is bad. We now know there are CBO's (collateralized bullshit obligations) as I like to call them and should be called... that this Chinese junk was packaged just like the USA and Europe did, and sold as double AA tripple AAA golden goose you'll safe investment grade junk bonds. You know there was a time when people understood debt typically was a horrible thing, and literally like getting some crack head on the street handing you a sticky note with IOU loves and kisses... junk bonds... they're trash. But the rich were holding this trash... so they vomited lies screaming cash is trash... so that the peasantry would hustle and bustle into buying this debt trash and other "assets" garbage like so many horrible stocks... fake "internet" money, NFT's... farts in a jar... stupidity run-a-muck.... they pawned it on retail as some weird protest... ummm regular people wouldn't protest via purchasing stocks the very pluto-ratic con baseball cards... and when they don't have much money in the first place. No this was a young bucks stupidity following a well orchestrated fomo stupidity.... many scams going on all at once... from tether to circle in the crypto tulip stupidity... real-estate from China.... idiocy in the entire GME and meme stock stupidity... some big money was literally buying up billboards to get people to buy GME stock... you can't say that was little peasantry retail starting this garbage... and we know who started reddit wall street bets, and that person was pushed aside invaded by some series of people hell bent on getting retail to buy the bags at the top. They were going to put on a show for retail and the peasantry to get them to hand over money to the markets hand over fist. All this stupidity coming to a head. Perhaps we should really finally critically think about our economic systems. They all have been failures to this point. We can invent an economic structure that actually works and works for all of us... not just some elites until they've conned so many people that they too fall apart... some choosing to die... others just turning to swindlers, liars, and cheats to maintain their lavish bloated pig like lifestyles to the last until no more even for them.
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Homes are burning, people dying screaming for an ambulance that doesn't exist to go to an abandoned once upon a time hospital that long ago closed down, muggings and general anarchy. "They're going to use this as an excuse to 'over regulate'". WTF
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Your gains broh, your gains... probably gone. Whoa, broh,,, wohha LOL! Don't worry buy another joke stock... hell farts in jar... I hear they're going for good gains broh... Farts in jar! Shit dude. Nothing matters... big greens tendies chicken shits and goobers... green in the wallets. Nobody and nothing else... so long as you got the Gains bro... all 'bout them gains, am I right?
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The economic system is relying way to heavily on leverage. That's the problem in the nut shell. It's entirely milly mouth to say but don't overdo regulation. WTF? But they need more supervision? Basically this ends up they need bail outs not necessarily tax payer, but even more hideous the stupidity of our age, QE essentially debasing currency to monetize banks risky stupidity issuing so many stupid loans to pump asset prices like homes to larger goods like cars to commodities to finished consumer goods. Pay a wage/salaries that allow for comfortable living and savings and an investment accounts per individual (not house hold). Ensure basics needs to universal healthcare and other sectors that are adverse to competitive market principles are met via tax collection; imagine that, particularly in the USA, our tax dollars funding all our medical needs... already so in almost all other nations on earth. But grow the real economy; let's not play chicken shit hype this and that nonsense raise to dump it all over idiots heads on an IPO that'll end up crashing in someones 401K or IRA etc. leading them to never be able to retire. Real planning on the economy. Let's not use this monetary debt trap shit. There is no free lunch; it only induces miss-allocation of money in the most bozo the clown worthless junk that doesn't help the real economy, so instead of having factories and decent quality homes with pools and nice parks that are affordable to even the lowest income earner, we have those same poorest income levels living in their cars, in tent cities, and RV camps even prior to the pandemic and mounting as the decade from 2008 went on to present.
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The Saudi minister's accent sounded slightly Irish to me. Heard that segment on Partick Boyle's channel... he's Irish, and the minister's voice sounded almost identical.
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It's PTSD, I'm in the same boat. But oh well, I still have most of my money so long as currency is still good... and if that goes bad, then all their assets are trash too, we all lose. However, just recently with just a few thousand dollars of my already huge savings started gambling in some stuff... mostly bit shits. Riding the lunatic bubble. Really doing it for fun. Never have formally gambled in slots or played black jack. And dislike scratch tickets and the ridiculous major drawing games. I figure this type of gambling is fun just playing around on the swing trade and maybe at some point when I keep a position to let some of it sit. When the insane happens it goes up a few orders of magnitude again, as it has over the past decade... I'll have an actual amount of money that I can buy a house with, or at least have in my savings for retirement... Anyway, such ridiculous low interest rates, held 11 month CD and some others for almost nothing return. I have savings time and half yearly income. Plus retirement 401k; the gimmick of our generation considering the power that is the defined actual pension plan. I think no matter what you do right now, in a decade or so, things are going to be more insane. There is no better way. I think many of us are serious trouble. After you accept that you become happier again. And that's what matters. But yes, PTSD. I turned 18 in 2001. I saw as a child the "mild" recession 90's savings and loan scandal recession, then the dot com bubble bust, then mid 20 year old the real-estate debt crash... and during this time the complete dismantling of decent paying jobs with asset prices such as homes and even rents increase well beyond that of wages, in fact wages have largely decreased even for college graduates with not just one degree in one subject but several. Then you couple climate change to the race to the bottom.... You're not the only one that forgone the 2010's run up. I thought it was going to crash back in 2016.
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Fed doesn't care how high rates go for treasuries. The Fed isn't really Federal, it's not governmental, it's a banking cartel, with the blessings of the president and congress as far as a chairman being selected among the short list presented by the very banks, and the chairman only gets one vote among the other Fed Presidents who are elected by the banks only. The Fed doesn't care if treasuries go to the tits... in fact when raising rates that's exactly what they want to reduce inflation; slow borrowing and stop speculative stupidity forcing prices on various goods and services. So they don't care. They're not the Treasury. They're the banking cartel.
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Look to antivirals. Remdesivir appears to be very effective and earlier taken on the outset of infection the better. Problem with vaccines is that most are actually not just ineffective, but create other problems making them a worse than taking... hence why so many viruses despite all the R&D and trial studies end up being abandoned. Two separate COVID vaccines were researched and brought to trials over two decades last. Their effectiveness was in the 20ish% at actually reducing or causing no symptoms. But it also caused 28% to become hypersensitive mooting and making the vaccines worse than not taking them. So it's onto the antiviral medicines... these thwart active infections by disrupting various modes of action the virus takes at invading and replication of cells. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3335060/
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But this is what you get with plutocratic oligarchy... all the rich you get the same sickness nations since ancient Rome suffered... all the wealth gets consolidated and its income to a few, they live beyond the lifespan of the extinct dinos and their heirs, after they finally go the way of the dinos, their heirs take over at the tender young age of 80.
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It's protecting their masters. Once their pluto-rat lords say, okay, I have cashed out of the stock markets, dumped my current low yield bonds, it is time. Then and only then will they say, oh dear look at all this inflation everywhere! All these bums living on the streets with their kids. Hired security necessary now for my feudal lords to wonder their dominions. Okay, time to raise interest rates from 0% to 5% and 1% every month after. Stock market craters. Real-estate finally craters. And of course the inflation that rendered a feudal like race to the bottom slave wage labor force already in the dumpster, will only go further into the dumpster... in fact we'll lose their dumpster. We'll have to find some cardboard boxes. Maybe make a cool box fort castle like we did as kids. Cardboard box villages. Already have tent and RV villages. So... the downgrade only gets worse.
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Bill Clinton gave us what we have today along with Bush Sr, and Reagan. Ferry duster to have universal healthcare right? We're the last of the 1st world nations not to have a form of universal healthcare. And this is why Trump a Dump won. But to be fair, J. Daniels is rich and fucking as disconnected as the rest of the oligarchy.
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It's when we see a liquidity issue caused by mass defaults. Which in China is already happening. And draw downs in savings and new debt leveraging in consumers in the US is now happening hence the consume confidence reports have dropped very low last couple months pointing to a recession in 18 months from August 2021 likely to commence. How does this recession happen? Pullbacks in consumer spending, leading to pull backs everywhere, leading to more pull backs, leading to debt defaults, leading to a financial defaults. Financial markets won't believe the Fed because they'll be broke, not getting their incomes from debts as default go up; and they themselves can't pay their obligations.
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Swing trade. LOL! Just be cautious. As we reach ATH in SPY or QQQ or other ETF's and you own any of them... profit take and don't reinvest it all... build cash piles. If you do go long with double downing, buy some long dated puts for protection. Or just buy puts into resistance and flip them for promising returns... it's a fact that you hit resistance you almost always get a small retracement enough to make a bit of profit. Just as you hit support lines really hard you almost always get a bounce... you can flip these for 70% to 90% probability to be right and for some nice profits. Longer period approach... start going into cash bit by bit... particularly after new year. And any longs, buy some insurance... buy some puts long dated to protect your longs if they turn sour, you'll at least make up for the loss with your puts.
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Oh CZ rat face has a big problem with dealings he's got with cartels. I think he'd be safer in prison than on the lamb.
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Was worse not even a century ago.
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Money printer go burr in world debt based monetary systems is actually debt borrowing go burr... And this Chinese debt is over a decade long... salvaging many banks in Europe and the US and other places.... wonder who was taking on all the debt being issued... bingo bango stick a finger in your bung hole. First was Brazil that went bust in about 2015.... Turkey that's been going bust for a while now... and China. Going bust baby. Perhaps that's why the Chinese elites unleashed their virus... they knew this shit was about to blow up... and thought how can we push world monetary policy into overdrive to lend baby lend? Oh yes, pandemic... all nations will flood the system with easy cheesy money, banks will then lend like there's no tomorrow because their central banks or in the case of the US Federal Reserve Bank will buy up these loans from individual banks so banks will love to lend and lend and lend to anyone regardless of credit worthiness... they'll just sell the loan back to the Fed anyway... Nah, not that super conspiratorial... the virus thing just happened probably as the debt implosion was coming closer and closer.... I mean mammoth ghost cities since 2011... and expats showing their videos living in China on this stupidity... the poorly contrived concrete shells of these high rises without any plumbing, electrical works, nothing... sitting abandoned... or freshly built yet the concrete crumbles with a touch of the hand just after a year of completion. Some actually lived in partially or a few people... and the fountains or whatever patio below a decaying wreck... newly constructed 1 or 2 years prior.... looking like it was 20 or 40 years prior. Crazy sauce. What this means to world economies is that supply of money actually will shrink aka a liquidity crisis and prices will eventually have to fall... debt domino. Money is only created in our system via: borrowing. Money is destroyed in our debt based system via repayment of loans, discontinuing on borrowing, and/or not repaying loans aka defaulting. The music... has stopped in many places. And the sound where the music is still trying to poop out a melody, is listening. And the silence is deafening
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He did, it just wasn't enough to cover up insolvency... I mean take a peak at FTX. Pood head bribed all sorts of people... and well... that doesn't help cover up blatant crimes and/or insolvency.
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Well, the entire idea Europe could just decide, oh let's put this religious group, to the place where their religion came from, because part of our religion comes from it too... was not good. Couldn't they find another place that had no people they could subject to slavery toward? Lots of areas around the coast of Africa to maybe just see if some areas of some of the central and S. American countries would be willing to sell? Then we could let the others stew in their own weirdness... and not worry about any of this idiocy.
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IF the Fed wasn't going to tighten this piglet would squeal fretting perhaps too much punch in the punch bowl. He's clueless. He's a nervous scared turkey who has realized economics is a bullshit pseudo science.
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His point is that we never ended a first wave. It's just one long linear curve up.
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Mainly because we failed to implement a functioning healthcare system in most nations especially ours in the US. It will drive panics as pockets have COVID19 breakouts, and without any quarantine we have critical panic as people die locally. Quite literally funeral homes inundated requiring refrigerator trailers storing the dead.... worst case they're in non-refrigerated trailers making a horrible odor through every town and city only promoting more shut downs of the economy and mass panic. You'll have an economy that doesn't function at all. Instead of one that at least allows for essential services and goods productions. That's why we don't just: "...keepin' on and go back to livin'." The other option that this doctor is attempting is to make the virus go extinct. This requires lock downs long enough for no more infections worldwide. And that starts with every country quit counting their bozo the clown money and worship the all might buck for a few, and make this virus go extinct. Apparently this is possible as this virus doesn't remain in the body like other viruses do (the herpes strain of viruses including Simplex 1 and 2 and chicken pox that lays dormant in the spinal ganglia and can come back as herpes zosters aka shingles). This one doesn't remain dormant in the body. So it can be made extinct by testing and tracing and quarantine; critical economic functions can continue for essential services and goods and transportation. It is possible. We were on that road, but people in many nations see dollar signs and due to the fact the global economy is one tinderbox or rather domino of debt, so tight it can't fart without the thing cascading down and lighting on fire then going thermal nuclear. So we go on with our lives... the economy will literally go thermal nuclear in panic and disorganized chaos. Was probably going to do this anyway... but this just accelerates it. Or we can act like intelligent species (despite our history screaming at us that we're anything but) and make this virus go extinct.
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Yep... and I think the massive dealings in Binance will push USDT into it's supernova minting of their poker chips to the remaining casinos than doing the ol' 404 capturing the real money and running away. This last decade really brought out all the scammers and creeps.
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