QUESTION #1: Marty, I believe your warning concerning the collapse of management in authorities and the non-public sector rings true as Ken Griffin, the founding father of hedge fund Citadel, mentioned the rescue of Silicon Valley Financial institution exhibits the U.S. financial system is “breaking down earlier than our eyes” as a result of they bailed out the depositors. But Carl Icahn appears to agree together with your saying that the U.S. financial system is at a breaking level due to inflation. He mentioned, “each hegemony has been destroyed by inflation.”
Only a few so-called billionaires appear to know what’s at stake. It makes me suppose they have been simply fortunate in how they made their cash. After Griffin’s remark, I might not be inclined to spend money on Citadel. Then a bunch of banks is speaking about depositing $20 to $30 billion to save lots of Republic financial institution.
Is there any hope for the long run when management is absent in these instances of chaos?
UT
QUESTION #2: Thanks for every thing you do. On the WEC, you warned about banks and even the large funds. The turning level was on the finish of January right here in 2023. Is it potential that this monetary disaster would be the main issue even overpowering struggle when the ECM comes into play by April tenth?
CW
ANSWER: Anybody who doesn’t perceive that inflation is a pure incidence while you get right into a struggle is clearly not a scholar of historical past and has no enterprise being the CEO of even the pinnacle native dog-catcher. The Roman deity Janus, after whom January is called, was the 2 face entity who seemed on the previous and the long run. The doorways to his temple could be closed when there was peace. That symbolized that nothing was susceptible to altering. Nonetheless, in instances of struggle, they would go away the doorways open to represent the uncertainty of struggle that the spirits might movement out and in.
Solely right now, can we appear to not respect that the price of struggle is each lives misplaced and inflation for many who survive. This Ukrainian Proxy Battle serves no function. Profitable or dropping may have ZERO impression on our nationwide safety or the way forward for the individuals. That is merely a grudge match instigated by the Neocons who perpetually love struggle so long as another person is dying for his or her private targets. To them, it’s nothing greater than watching a struggle on CNN and cheering as if it have been a soccer sport.
I’ve mentioned that this struggle will undermine the whole US financial system and that’s now manifesting within the Monetary Disaster of 2023 which might be far worse than any of those individuals count on. The dearth of expertise and the stupidity of those that comment that capitalism is collapsing as a result of they’re honoring the depositors is absurd. A depositor has NO WAY of understanding the monetary standing of a financial institution till it’s too late. They obtain no warning and but there are those that say they need to undergo the losses as a result of that’s capitalism.
Sorry, however that has NOTHING to do with capitalism. It’s no totally different than FRAUD soliciting cash with a false pretense. Investing in a hedge fund like Citadel is totally different from a financial institution. Depositors in a hedge fund know they’re investing their cash and they’re getting a chunk of that return. That’s capitalism. Somebody who has a checking account the place their social safety examine is mechanically deposited took on no such threat. Sorry – that’s totally different {that a} hedge fund that goes bust.
The issue now we have is that the ECM turning level is April tenth. But additionally it is the Pi Goal from the autumn of the us and the start of even Ukraine. We simply had Poland dropping their thoughts and sending jets to Ukraine. That makes Poland a viable goal for struggle. Poland is irresponsible given the truth that the Ukrainians slaughtered over 300,000 of them and has refused to ever apologize for his or her WWII Nazi involvement.
We’ve got an issue right here with the Monetary Disaster concurrently with necessary cyclical targets concerning struggle. Any private interpretation I can provide is only a private opinion. Each tendencies are colliding into April and this can be a two-prong panic of unprecedented significance.
