Policymakers’ goal of rolling out vaccines fast and evenly is clear — to erase volatility in the bond market and make debt the cheapest it’s ever been to discourage saving and encourage investment.
by Dave Allen
The International Forecaster
The world’s economies are facing a tougher start to 2021 than expected, as Covid-19 infections pick up and the early rollout of vaccinations is slow.
While most mainstream economists believe global growth will still rebound quickly from the recession — at some point, they’re now saying it may take longer to catch fire and not be as healthy as previously thought.
But if you ask the billionaires of the world, the recession is already over.
According to a report released today by Oxfam, the top 1,000 billionaires, by December 1st, more than recovered the 30% of the wealth they collectively lost since March 18.
In other words, for the world’s richest, it took less than 10 months to recover the financial losses caused by the pandemic and other systemic issues.
The FBI and a grandstanding acting US attorney, Michael Sherwin, are after Trump supporters. The FBI has arrested 150 people for their alleged role in the alleged “Capitol riot.” The fact that there was no Capitol riot doesn’t matter. No facts matter. This is a shut-down-all-opposition-to-The Establishment operation. Sherwin is doing his best to concoct a “conspiracy” case against the arrested, as those arrested are not guilty of anything real. No one broke into the Capitol. A few were allowed in by the Capitol police. Videos show the police opening the doors, people entering in single file, walking around, and exiting. One video shows a black police officer provoking people up the stairs where a few did selfies sitting in Nancy Pelosi’s chair. That was the extent of the “storming of the capitol.” But law enforcement (sic) officials say their investigation of the Trump conspirators is one of the most expansive in the FBI’s history, comparable to the Oklahoma City bombing and the Boston Marathon bombing, two suspected false flag operations.
Doctor Scott Segal told NBC News that Americans should consider wearing FOUR face masks if they want the most effective protection against spreading COVID-19.
In Trump derangement syndrome, Democrats just can’t help themselves. Their bid to take President Trump down in his post-presidency through an illegal impeachment is going down like the Hindenburg.
The recent blowup of GameStop shares has revealed, if anyone was still doubting, that the center of clown world is not Washington, DC, nor Silicon Valley—but Wall Street. To be clear, this is not meant to refer to the gallant band of redditors from r/wallstreetbets—those few, those happy few, that band of brothers who, as of this writing, may very well be poised to force several hedge funds into bankruptcy. Rather, the clowns are those hedge funds and all those other institutional investors who have been propped up by central bank intervention for decades while congratulating themselves that their seven-figure earnings were all due to their own financial brilliance.
Last week, Joseph R. Biden was inaugurated as the 46th president of the United States. The federal government began arresting those it claims attempted to interfere violently with Congress’ constitutional duties to authenticate Electoral College votes on Jan. 6. The Senate announced it would go forward with a second impeachment trial of Donald J. Trump, even though he is no longer in office. And the Defense Intelligence Agency sent a two-page memo to Senator Ron Wyden, D-Ore.
Being put in charge of the U.S. government’s finances in 2021 is a bit like being appointed captain of the Titanic in 1912.
Retail investors have banded together to turn over the tables on Wall Street, and it has created a wild frenzy that is making headlines all over the globe. Unprecedented short squeezes have pushed the share prices of GameStop, AMC, Macy’s and BlackBerry to insane heights, and prominent voices in the financial world are complaining that trading in those stocks has become completely divorced from the fundamentals. In fact, these young retail investors are actually being accused of turning the market into “a video game”. Infamous investor Michael Burry, who made crazy amounts of money betting against the housing market during the last financial crisis, even had the gall to claim that recent trading in GameStop was “unnatural, insane, and dangerous”.
Twitter this week announced a new feature to combat misinformation called “Birdwatch,” but the feature is already raising questions about fairness and impartiality.
“There isn’t an issue facing Black people today that doesn’t find its origins in K-12 education,” writes Chris Stewart, CEO of the education nonprofit brightbeam and a prolific writer and podcaster. “Without our own collective governance of our children’s intellectual development, how can we win? Without Black self-determination in who teaches them, what they learn, where they learn, and how lessons are taught to them, what is the future of our freedom?”
“It’s really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino”: AOC