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Fifth Column Freeper |
Be here on Sunday evening for the the real story. | ||
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| Fifth Column Freeper |
Here's a snippet from GLP The results are in. The picture is grim. Here are some frightening economic numbers to think about the next time the lying, manipulating, mainstream media tells you that we are in “recovery.” First, almost 50% of Americans have less than $500 in savings. Not surprisingly 1 out of 3 residents of Obama’s home state of Illinois live in poverty. A mind numbing 4 of 5 Americans are either experiencing poverty, foreclosure or welfare, or will in their lifetime. Four out of five.Say goodbye to the myth of the American Dream. It’s only a nightmare now. Ditto for the American middle class. Obama has massacred them. Our middle class now ranks 27thin the world. Food stamp rolls are growing seventy-five times as fast as employment. The national debt has increased by 50% under Barack Obama. Obama promised to reduce health insurance bills for an average American family by $2,500 per year, instead your health bills went up by $3,000 per year. And if you think help is on the way, I've got a bridge to sell you ... in Detroit. The biggest American city to ever go bankrupt, Detroit, has been run by Democrats since 1962. That's over half a century of 100% Democrat rule, using the exact same policies as Obama. The city is now in ruins. Detroit leads the nation in illiteracy, welfare, food stamps, violent crime, murder, abandoned properties, and broken street lights. | |||
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| Fifth Column Freeper |
GLP . Bonds will collapse, including the 100-year Austrian issue, leading to major defaults. With global debt in the $100s of trillions, more and more money will need to be printed just to finance the interest costs. So more will be printed to prop up failing banks and government deficits. And that is how hyperinflation will start. In parallel, currencies will collapse and finish their move to zero which started in 1913 when the Fed was created. The Fed is a private bank, created by private bankers for their own benefit giving them total control of money. The Swiss National Bank (SNB) is also a private bank, quoted on the Swiss stock exchange. But it is not owned by investment bankers. 45% is held by the Swiss Cantons (States) and 15% by the Cantonal Banks. The rest is held by private shareholders. The shares of the SNB have gone up 2.5x in the last 12 months. kwn-greyerz-iv-9182017 This is the biggest hedge fund in the world with a balance sheet of CHF 775 billion ($808B). This is bigger than Swiss GDP. For comparison, the Fed’s balance sheet is 25% of US GDP. The SNB holds shares for almost CHF100 billion including $80 billion of US stocks. The rest of the SNB holdings are currency speculation with the majority in Euros and dollars. It is hardly the purpose of a central bank to speculate in currencies or stocks. Their justification is that buying foreign assets keeps the Swiss Franc low. Imagine when the US stock market turns down and the Euro and dollar weaken. At that point, the chart of the SNB stock will look very different. This is likely to happen in the next few years. Swiss banking and particularly the National Bank used to be conservative, now they are as bad or even worse than the rest of the world. The problem with the Swiss banking system is that it is too big for the country, totaling 5 times Swiss GDP. I wouldn’t keep any major capital in the Swiss banks and nor in any other banks for that matter. But the political system in Switzerland is by far the best in the world. Too bad that the banks are | |||
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| Fifth Column Freeper |
THEY DID IT AGAIN. . . . ANOTHER HUGE SALE OF OPTION CONTRACTS ON $4.5 BILLION WORTH OF STOCKS BETTING THE MARKET WILL LOSE 30%-50% OF ITS VALUE IN FOUR WEEKS! THIS SALE ON THE SPY.X AND THE ONE FROM YESTERDAY ON THE SPY.Y (MENTIONED TWO STORIES BELOW) ARE BEING REFERRED-TO BY FOLKS IN THE MARKET AS "BIN LADEN TRADES" BECAUSE ONLY AN ACT OF TERRORISM AKIN TO 9-11 (WITHIN THE NEXT FOUR WEEKS) COULD MAKE THESE OPTIONS VALUABLE. There are 65,000 contracts @ $750.00 for the SPX 700 calls for open interest. That controls 6.5 million shares at $750 = $4.5 Billion. Not a single trade. But quite a bit of $$ on a contract that is 700 points away from current value. No one would buy that deep "in the money" calls. No reason to. So if they were sold looks like someone betting on massive dislocation. Lots of very strange option activity that I haven't seen before. Glp | |||
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| Fifth Column Freeper |
Housing prices can't go up much further. No one wants to pay $200,000.00 for a tear-down special. This along with the ever-increasing property taxes and insurance that come with it. You're better off renting. | |||
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| Fifth Column Freeper |
Many stats are made up out of whole cloth. Example...went to the dentist for a root canal. Out of pocket cost was $500.00. Insurance paid a thou. Who the hell can affotd medical care these days? In Israel, medical care is friggin FREE! | |||
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| Fifth Column Freeper |
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| Fifth Column Freeper |
Fed’s Preferred Gauge Shows Accelerating December Inflation Trends The personal-consumption expenditures price index increased by 0.4% in December By Matt Grossman Follow Feb. 20, 2026 9:01 am ET A person stands in a supermarket aisle, looking at packaged beef in a refrigerated display. The report also showed that Americans’ personal income rose by 0.3% in December. ronaldo schemidt/Agence France-Presse/Getty Images Key inflation metrics tracked by the Federal Reserve accelerated at the end of last year, underscoring why many Fed officials have turned cautious about supporting further interest-rate cuts. The personal-consumption expenditures price index increased by 0.4% in December, after rising by 0.2% in November, the Commerce Department said Friday. That lifted the 12-month PCE inflation rate to 2.9%, up from 2.8% in November. Core PCE inflation—which excludes volatile food and energy prices—ticked up to 3% in the 12 months through December, from 2.8% a month earlier. The numbers are roughly aligned with forecasts from analysts, who can use other inflation metrics to forecast PCE inflation with great accuracy. The report also is more lagged than usual, because last fall’s government shutdown has caused cascading delays in the Bureau of Economic Analysis’s publication calendar. Glp | |||
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| Fifth Column Freeper |
Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3% | |||
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Uncle Bob's Uncle Bob's Community Forums Time Out! Tired of Economic Forum Bullshit?