Robert F. Kennedy Jr. Continues to make the rounds and has quickly become the punching bag of the deep state via libel and slander campaigns. Although criticisms of vaccine kookery, antisemitism, and his excellent take on the war in Ukraine are in fact NOT the main reasons why he’s hated. The Deep State hates RFK Jr. for the same reason they hate Trump. They’re both insurgency candidates whose policy aims to fix the Fed balance sheet and the US economy. The Davos trolls and traitors to America in Washington and abroad want the opposite.
As I’ve said multiple times, they want to deficit spend the country into oblivion and force America to default, cause Capital to flee the US and into Europe (bailing out the ECB), and eventually manifest the WEF’s technological dystopia. RFK’s plan would do the exact opposite.
If you back treasuries with sound money like RFK wants to do (and what Trump wanted to do if he succeeded in getting Judy Shelton in the Fed Board of Governors) would greatly increase the demand and value of US debt/treasuries. A percentage of the coupon of the treasuries would be paid out in gold bullion, Bitcoin, or whatever they come up with. This is how the Fed raises money and becomes profitable AND pays for all the unfunded liabilities for boomers etc.
This move single handedly makes the US THE MOST desired place to park Capital because it shows they are actively working to get their fiscal ducks in a row and their economy fixed. This would drive MASSIVE foreign capital investment to the US. Talk about number go up…
You don’t need to be the only country debt-free I’m the world, you just have to be slightly* better than everyone else… that is what this policy would do and then some. This is the opposite of what the globalist commies want. They wanna bankrupt the US and make them default so they can do the Great Reset. They’re traitors and their interests do not lie I. The health of the country. Powell’s monetary policy does the opposite and is in line with this RFK/Trump plan.
https://www.thestreet.com/cryptocurrency/rfk-jr-announces-plan-to-back-dollar-with-bitcoin-end-bitcoin-taxes
The Fed came out this July’s FOMC Day and raised the FFR by 25 basis points. Powell’s rate hike just means we bankrupt the deep state that much faster. Capital flight will keep coming to the US. Powell isn’t messing around & the market finally gets it. If he needs to pause again he can, but QT keeps happening in the background regardless. Higher for longer means more power back in the hands of the private markets. It’s a win for America and good economic actors.
I received pushback from this on twitter when responding in the comments of a recent space RFK Jr. Wednesday July 26th. The panelists were stating that the Fed is a captured pawn of the government, which I found completely laughable.
As a retort to my explanation, I simply got “shit will break they will pivot. that is the pattern.”
https://twitter.com/lawrencelepard/status/1684283402776707074?s=46&t=IPq_vRSnPZokRJFmdbsW1Q
I explained that patterns break. The rules have changed, especially if RFK gets his way, backing treasuries with Bitcoin and a gold redemption clause etc. is straight out of Powell’s playbook. That in combo with QT every month is how we fix the economy.
I know more detail and explanation is required, but for people to not get that the RFK plan is the same as Judy Shelton’s is insane. I guess that’ll be my next retort if it comes up.
No recession, and the Prospect for inflation
Markets are up thanks to what I can only guess are cooked books/projections, while they can’t cook the books in the futures energy markets to keep the price of gas down. It’s $3.50 in Texas. Up 50¢ in a week.
But are these books really cooked, or is there more to these figures that meets the eye?
My main questions to consider are as follows:
why are the markets performing so well when the Fed is tightening this much?
What makes QT inflationary nominally for asset prices like the S&P?
Is it JUST capital flight? Doubt it.
Is it money moving out of money markets and CDs ?
Is it money moving out of RRP?
The truth is, it’s a mix of all the above. Lacy Hunt has recently stated that US stocks have been flat for a while in EUR, so there might be some capital flight going on but it's just compensating the fall of the USD.
Money seems to be leaving the credit and maybe the housing markets which are bigger than the stock markets (“housing is the economy”, as they say). We’re simply witnessing for the first time since ZIRP a repricing of everything via price discovery. TRUE price discovery. We’ll see a flight to quality, tangible assets. With the Euro/GBP spiking on Yellen/Lagarde's failure to hold credit spreads intact, the money will flow out of Europe into the US.
Japan Goes Ham on Markets By Ending Yield Curve Control
https://twitter.com/mrpseu/status/1684649977375494144?s=46&t=IPq_vRSnPZokRJFmdbsW1Q
Japan is ending YCC. After this announcement, markets revealed global capital rushed into the dollar. The DXY went back up above 100 while the EURO
The carry trade for the EU is going bye-bye. Get used to it. Davos depending on carry trades like this to borrow cheap money and prop up the EURO and/or the German 10 year. This move from Japan in combination with Powell’s continual hikes will break these euro commies. It may not happen over night, but the rest of the world is done with these oligarchs and their shit.
Unfortunately, you’re also seeing backlash “I told you so” from obnoxious macro critics that Japan chickened out just as Powell did back in 2019 during the Fall 2019 repo spasm. Remember, Powell didn’t have full control of monetary policy then like he does now (ditching LIBOR for SOFR, enabling him to raise rates, and getting reappointed).
Just as Powell had to take careful and gradual steps, Japan will do the same. Revolutionary changes in monetary policy don’t happen overnight. We’re moving in the right direction. Slowly, then all at once, the sovereigntist forces fighting for monetary independence will bankrupt these globalist vandals. They’ve already lost, we’ve just gotta watch them squeal like pigs are they go out with a whimper.
~ Phil Gibson
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