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Financial Underground
financialunderground@nostrplebs.com
npub1wgjh...e082
We are more interested in getting the Big Picture right than gambling with short-term trades in rigged markets.
Bugs are the new seed oils. The Economist: “We’re not going to convince Europeans and Americans to go out in big numbers and start eating insects… The trick might be to slip them into the food chain on the quiet.”
Ask yourself, why does money laundering have draconian penalties, yet the media, academia, politicians, midwits, and many others engage in inflation laundering with impunity?
Risk free return = return free risk Lender of last resort = counterfeiting operation to backstop a Ponzi scheme Fractional reserve = fictional reserves Policy makers = central planners Elites = parasites Federal Reserve = the 5th plank in Marx’s Communist Manifesto Fiat currency = government Chuck E. Cheese arcade tokens, confetti created from thin air Interest rates = the price of money and most important prices in the entire economy, manipulated by central planners Inflation = increase in money supply Depositors = unsecured lenders to a bank Bank deposits = IOU from a bank Deposit insurance = false sense of security Bail-in = using depositors funds to shore up a Ponzi scheme Bank holiday = surprise restrictions on depositors to prevent them from fleeing Haircut = theft Regulations = anti-competitive barriers to entry to protect large incumbents and empower politicians Official denial funds are at risk = confirmation funds are at imminent risk
#1. The leading opposition candidate was hit with frivolous, politically motivated charges. #2. The main opposition TV show was canceled and silenced. #3. The incumbent party declared there would be no debates. Imagine if it happened in a country that Washington doesn't like. H.L. Mencken was correct: "Democracy, too, is a religion. It is the worship of jackals by jackasses."
There are four powerful trends that I think will push hydrocarbon prices higher. Trend #1—The End of the Petrodollar System: The US government will soon lose its ability to print money to buy energy—an incredible privilege no other country has. That will have significant consequences for oil prices. Trend #2—Rampant Currency Debasement: Governments worldwide have no choice but to engage in ever-increasing currency debasement. 2023 could be the year it reaches a crescendo. Trend #3—Carbon Hysteria and Under-Investment: Governments have redirected trillions in capital away from nuclear and hydrocarbons and sent it to wind and solar. Further, ESG madness, “net zero” goals, and other unfavorable government policies have led to a massive under-investment in hydrocarbons. I expect the carbon hysteria will cause tighter supplies and higher prices. Trend #4—Geopolitical Turmoil: The conflict between Russia (the 2nd largest oil exporter) and Ukraine has no end in sight. Tensions with Iran could explode at any moment. As a result, geopolitical turmoil could easily escalate, causing hydrocarbon supply disruptions out of Russia and the Middle East.
Sloppy, vague words lead to sloppy, vague thinking. The term “fossil fuels” is an excellent example of this. When the average person hears “fossil fuels,” they think of a dirty technology that belongs in the 1800s. Many believe they are burning dead dinosaurs to power their cars. They also think fossil fuels will run out soon and destroy the planet within a decade. None of these absurd things are true, but many people believe them. Using misleading and vague language plays a large role. I suggest expunging “fossil fuels” from your vocabulary in favor of hydrocarbons—a much better and more precise word.
Three things most people don't know about money in bank accounts... #1. It's not yours. #2. It's not there. #3. It's not money.