Has synchronizing the clocks become the undeclared policy of the second Dark Ages? The second hand of the Doomsday Clock and the Debt Clock are moving in tandem toward a catalytic event, an implosion. The Doomsday Clock, a gauge created by heavyweight intellects, atomic scientists, academics, and intellectuals has been ticking for 75 years. January 24, 2022, the clock was set at 90 seconds until midnight — the closest to the hour it...
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What is the state of post-pandemic air travel? Policy reaction to the pandemic, which entailed lockdowns and only allowing people out to buy their necessities had a devastating impact on many industries. However, some industries were worse impacted than others. Hospitality and air travel experienced the worst downturn in their history. The aviation industry, as a whole, suffered an estimated $370 billion loss in global revenue...
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What will be the fallout in 2023 with more than 13 trillion USD of wealth vanishing from investment portfolios in 2022 and when central banks abruptly terminate an emergency or an accommodative monetary policy, which has been more than a decade-long pillar of support? When the structural pillar of a building is removed, the building crashes. Fed chair Powell knew that terminating more than a decade of accommodative monetary policy in...
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There may be no way of escaping the collapse of a boom brought about by credit expansions, which ends in a currency crisis. Fed Chair Powell not only knows this, he even went on the record warning about perils to the economy by cutting stimulus. Powell stated that the economy would not know how to function without stimulus measures because those measures had been active for so long, according to the October Fed meeting of 2012. Fast...
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The speed of Fed rate hikes this year, in 2022, is unprecedented in history. In just six months, the Fund rates have risen more than 2% at a time when the public deficit is also at an unprecedented level at over 31T USD. The speed of Fed rate hikes is bleeding its livestock (citizenry) dry Interest on the public debt is fast approaching 500B USD, the third largest budget item costing every adult farm animal 13,491 USD per year,...
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