06-24-2020, 09:10 AM
Ok, some new stuff has come up so I thought it would be good to keep people updated on this particular situation. I did come across a new video that actually explained in detailed how the FED is basically trapped and is all out of options really.
Point of the video is that the FED is now going even further to try and prompt up the economy. It is now literally buying corporate bonds directly to help things from falling apart. As has been explained in the video this has not been done before and shows just how desperate they are. Mind you this is literally trying to pick winners and losers in the market as you can be guaranteed the FED ain't doing this with smaller, regional businesses.
However there is another thing that is working in compounding the issues of money printing and debt which is that more and more countries are moving away from the US dollar to begin with. I think I had mentioned how 21+ countries had already moved to doing trade with countries with their own currencies but now more countries are taking precautions against using the US dollar.
(Can only post 1 video per post so will post the other video in the following post).
As you see from the video though not as likely China is at least taking precautions against such sanctions, etc which is quite major in of itself. Shows that they have little trust. Mind you this is starting to become an international thing because as has been alluded to many countries are seeing the USD being used as a kind of weapon now with sanctions. It didn't help that the US during this pandemic had to option to sign a ceasefire in all its major military engagements right now but choose not to. Even worst than that it actually decided to increase sanctions on certain countries during this pandemic. This has kind of soured some countries idea of prompting up the US dollar as the standard anymore. Another thing that is moving this along is also that China at this moment is offering a deal with countries regarding using the Chinese currency, the Yuan, where countries can literally trade in their Yuan for Gold if they wish. In other words the Yuan is on a sort of Gold standard when it comes international trade.
Anyway, I thought I would bring up these things as they are pertinent to this discussion and shows all these things heading to the kind of direction Shannon is predicted before hand.
Point of the video is that the FED is now going even further to try and prompt up the economy. It is now literally buying corporate bonds directly to help things from falling apart. As has been explained in the video this has not been done before and shows just how desperate they are. Mind you this is literally trying to pick winners and losers in the market as you can be guaranteed the FED ain't doing this with smaller, regional businesses.
However there is another thing that is working in compounding the issues of money printing and debt which is that more and more countries are moving away from the US dollar to begin with. I think I had mentioned how 21+ countries had already moved to doing trade with countries with their own currencies but now more countries are taking precautions against using the US dollar.
(Can only post 1 video per post so will post the other video in the following post).
As you see from the video though not as likely China is at least taking precautions against such sanctions, etc which is quite major in of itself. Shows that they have little trust. Mind you this is starting to become an international thing because as has been alluded to many countries are seeing the USD being used as a kind of weapon now with sanctions. It didn't help that the US during this pandemic had to option to sign a ceasefire in all its major military engagements right now but choose not to. Even worst than that it actually decided to increase sanctions on certain countries during this pandemic. This has kind of soured some countries idea of prompting up the US dollar as the standard anymore. Another thing that is moving this along is also that China at this moment is offering a deal with countries regarding using the Chinese currency, the Yuan, where countries can literally trade in their Yuan for Gold if they wish. In other words the Yuan is on a sort of Gold standard when it comes international trade.
Anyway, I thought I would bring up these things as they are pertinent to this discussion and shows all these things heading to the kind of direction Shannon is predicted before hand.
"I have no use of disciples. Let everyone be their own true follower" - Nietzsche
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