-- Published: Friday, 14 February 2020 | Print | Disqus
What has happened to our capital markets? The reactions to the onset of a global pandemic in our capital markets are, for the most part, fundamentally counter- intuitive and, in my opinion, will not continue.
Incapacitating the second largest and fastest growing economy in the world is no reason to “buy stocks” into record territory or conduct fire sales of precious metals. If you drop a ball and it falls “up” I suggest you not jump to the conclusion that the laws of gravity have been repealed. Instead, you might want to take heed of the old adage, “It’s not nice to fool Mother Nature”.
American equity markets have celebrated treasonous, undermining, political assault and subterfuge:
Clearly, the DOW was chosen [ordained] to RISE. Why?: It makes the population at large [in the western world] believe in the narrative that a global pandemic coupled with treason on the home front is nothing to be concerned about – the economy is doing just fine.
Other Managed Outcomes
There is still a large constituency in our dystopian world who does not believe that the powers-that-be would engage in such financial shenanigans.
To begin wrapping your head around the “depths” and skulduggery that monetary officials will stoop to, let’s revisit some of the handiwork performed by Robert Rubin in the Clinton era. The mindset at the Fed and Treasury might be best summed up by Robert Rubin as he reveals the motivation or drivers of crisis management in the interaction between himself, Lawrence Summers, the ESF [exchange stabilization fund], the IMF and presumably the Maestro at the Fed – during the Clinton administration. On pages 290 - 291 of his book, In An Uncertain World, referencing the Brazilian financial crisis of the late 1990’s, Rubin outlines how very expensive “bad decisions” can buy time. Sometimes, he asserts, these bad decisions have a great deal of merit because they can,
“..Probably defer the impact of the collapse for six or eight months, and that will more than justify the effort.”
After reading this passage I could not help but ask myself if this type of thinking perhaps extends to the dollar, gold and the rest of our capital markets to this very day?
Lemonade from Lemons or Money from Thin Air?
Back in the day, Rubin was so adept at financial sleight of hand that his mastery of the “craft” was given its own name – Rubinomics. In layman’s terms, it’s better labeled “making something out of nothing” or just plain old FRAUD. It works something like this:
Back to 1995, in the twilight of the first Clinton Administration, Treasury Secretary Robert Rubin and the U.S. government were facing a sovereign default on financial obligations due to a bitter, partisan debate causing delay on raising the debt ceiling. In the words of Robert Rubin himself in his book, In An Uncertain World, on page 170 he states,
“Without an increase, the federal government would hit the debt ceiling before the end of 1995, possibly as early as October. Default and the President being forced to sign an unacceptable budget were both untenable. We needed to find a way out, rather than simply hoping that at the last minute the opposition would blink and increase the debt limit.”
The response to this dilemma is chronicled by Rubin, on page 172, where he reveals,
“It was Ed Knight, our savvy chief Treasury counsel, who suggested borrowing from the federal trust funds on an unprecedented scale to postpone default.”
You see folks; as Mr. Rubin is/was well aware, the federal trust funds DO NOT AND NEVER DID CONTAIN ANY MONEY. These accounts exist in the minds of accountants and lawyers [ledgerdom] only. So here’s what really happened:
Beginning Nov. 12, 1995, the Treasury started issuing government bonds, IOU’s, and putting them in the Social Security Trust Fund “cookie jar” – with the Fed then PRINTING the corresponding amount of money they needed and called this a ‘legitimate loan’. By accounting for their finances in this manner, the government got to understate their annual budget deficit by the same amount that they were burdening the cookie jar with IOU’s – all the while dramatically increasing the unfunded [off balance sheet] liabilities of the government by the same amount.
Where I come from, this is neither savvy nor a loan. It is better described as both treasonous and outright fraud. Isn’t government finance fun?
Rubinomics provided the cover for the hollowing out of America’s middle class and involved the de-industrialization of the heartland. Offshoring involved industrial mavens making a conscious decision they would rather pay workers 2 dollars a day than 20 bucks an hour plus benefits. From the Late 1990’s onward, missing Trillions involved a further and more sophisticated refinement in LOOTING when the propeller heads realized they were facing this reality:
Elaborate financial shenanigans have continued, which we are aware of due to the diligent work of Catherine Fitts and Dr. Mark Skidmore who documented 21 Trillion in unsupported financial adjustments [missing money] in the books of DOD and HUD from the time period 1998 – 2015. When the DOD failed an audit and the Trump administration was questioned about the missing money, new financial regulatory legislation was passed in the name of FASAB 56 which essentially took US Federal finances “dark”.
We don’t need no stinking accounting.
So here we are in the present day, facing a global pandemic known as Covid 19 [coronavirus]. I recently listened to someone I respect in this field, Mike Adams [Naturalnews.com] “the health ranger” speak about the virus. Adams stated that the coronavirus is undoubtedly “manmade” as it demonstrates genetic markers/manipulations that could only have come out of a laboratory. He then went on state that the Chinese military made the genetic modifications to this virus at their level 4 bio lab in Wuhan and their intention was to “unleash” this weapon-ized virus on America but something went wrong; according to Adams the disease was mistakenly released on the Chinese.
I just want to say that I take issue with this hypothesis. While I do believe the virus is “manmade” [this has pretty much been scientifically proven beyond a shadow of a doubt at this point], I cannot agree with the notion that the Chinese military was behind this. Reason: if the Chinese “had it in for America” as Adams maintains, why would they develop a virus that is relatively benign to white and African peoples and “lethal” to Chinese men in the first place? Anything lethal to Chinese men would represent an imminent danger to the Chinese leadership itself.
This line of thought is illogical, improbable and makes absolutely no sense to me.
What makes sense to me is that this was an orchestrated attack on China, whose Communist regime I abhor, but do recognize they represented a direct threat to the existing, faltering Anglo/American [Globalist] banking complex that has ruled the world with an iron fist for at least the past 200 years.
Other capital markets “tells” that, in my opinion, help identify the perpetrators [besides the counter-intuitive rise in equity prices] are the reactions by dollar alternatives, gold and the crypto-verse [bitcoin]:
Since the New Year and the onset of coronavirus – gold [the nemesis of the Globalists] has risen 37 dollars to 1565.00 or 2.4 %.
The price of bitcoin [representative of the globalist’s digital “wet dream] has risen, since New Year, from US $ 6,979.00 to US $ 10,350.00 – up 48.3 %.
Ladies and gentlemen, if you cannot see that our globalist masters have chosen a “digital future” for humanity – read on:
Rob KirbyRob Kirby