Federal Reserve Warning — Asset prices are Too High — US Stock Markets Rescued — We Must Change the Money Supply System — Senior Pathologists Speak Out

 

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THIS WEEK’S EDITORIAL

FEDERAL RESERVE WARNING ISSUED ON THURSDAY

ASSET PRICES ARE TOO HIGH

The Federal Reserve released its semi-annual Financial Stability Report on Thursday last week.
This is what the New York Times said about it —

The report, which at times took on an ominous tone, came in contrast to the picture that Fed officials, economists and investors alike have been painting about the U.S. economy

Here are some excerpts straight from the Report itself ….

“…should risk appetite decline from elevated levels, a broad range of asset prices could be vulnerable to large and sudden declines, which can lead to broader stress to the financial system.”

” …. many businesses and households remain under considerable strain, with job losses heavily concentrated among the most financially vulnerable, including many lower-wage workers and racial and ethnic minorities.”

“Prices of risky assets have generally increased”

“prices are high compared with expected cash flows”

“risks associated with the course of the pandemic and its effects on the U.S. and foreign economies remain relatively high.”

There was also a Statement by Fed Governor Lael Brainard —  she again warned about high asset prices and the excess appetite for risk.

Vulnerabilities associated with elevated risk appetite are rising. Valuations across a range of asset classes have continued to rise from levels that were already elevated late last year. Equity indices are setting new highs, equity prices relative to forecasts of earnings are near the top of their historical distribution, and the appetite for risk has increased broadly”.

This amounts to a warning from the Fed that it will not tolerate any further stock market price madness. Take note that the warning comes after the Fed created the madness. Brainard also warned of high debt levels inside companies.

After this dire warning, the stock market action was interesting to say the least on Thursday afternoon at 2.44 pm.

PLUNGE PROTECTION TEAM RESPONSE
SOMEONE RESCUED THE US STOCK MARKETS ON THURSDAY

A big buyer with a very heavy finger suddenly started buying shares at exactly 2.44 PM on Thursday afternoon to stop a general decline in prices from developing further on the US stock markets. Guess who?

At exactly 2.44 PM, the ARKK Innovation ETF (ARKK) was down 5 % on the day. Yet somehow, buyers arrived at exactly 2.44 PM and it finished the day down only 2.88 %.

At exactly 2.44 PM, the Russell 2000 ETF (IWM) was down 1.4 % on the day. Yet somehow, buyers arrived at exactly 2.44 PM and it finished the day up by 0.09%

At exactly 2.44 PM, the S & P 500 ETF (SPY) was up by only 0.05 % on the day. Yet somehow, buyers arrived at exactly 2.44 PM and it finished the day up by 0.8 %.

At exactly 2.44 PM, Tesla Shares (TSLA) were down 2.26 % on the day. Yet somehow, buyers arrived at exactly 2.44 PM and it finished the day down by just 1.1 %.

You can guess what happened at 2.44 PM, who was responsible and why.

ALL CENTRAL BANKS MUST CHANGE THE MONEY SUPPLY SYSTEM

The activities of the Federal Reserve Bank (America’s central bank) and all other central banks are no mystery. They operate in plain sight. However, contrary to popular misconception, the clients of the US central bank are not the American people. They are the US Commercial banks who desperately need CPI inflation long term to survive — to inflate away the debts they have created. So, since formation in 1913, the Fed always, always fights against dis-inflation and deflation while simultaneously and forthrightly claiming to be “inflation fighters”. Yes, its activities reduce the purchasing power of the currency over time. Yes, it enslaves the people to debt over time. However, there is more to understand.

All money is debt and all debt is money. But the current situation in the US where the money supply is 98% debt and 2 % sovereign (cash) is an iniquitous situation. 98% credit money which bears interest charges is a massive imbalance over sovereign money (non interest bearing). Such a situation guarantees impoverishment of most of the population over time and the development of a super wealthy class of people.

That is the world we live in until it is changed to a 50:50 money world which would be much better.
Credit contracts and credit money systems are a natural function of social interaction. They are not the problem. And such systems indeed work better (for everyone) with central banks in place.

The problem lies in the imbalance of power. 98% credit money is a ridiculous imbalance of power brought about by governments that don’t understand money. We need an Electronic form of Cash (non interest bearing sovereign money) that grows over time towards 50 % of the money supply. The banks will fight this tooth and nail. But governments and the people must carry this fight forward for any social justice to exist in the long run.

A 50:50 money world would be 50% debt money (created as bank loans) and 50% sovereign money (created as non interest bearing debt created as a reserve asset from the banking system to the central bank and then to the government with regular pre-determined debt jubilees).

This would also add another beneficial control mechanism to money supply growth — a volume control determined by legislation and adhered to by all parties — the commercial banks, the central bank and the government. All of this can be achieved electronically on the ledgers of the banks, the central bank and the government very easily. After agreement is reached, the system could be in place within a morning.

Debt Jubilee:https://en.wikipedia.org/wiki/Debt_jubilee

BOOM Designs the Perfect Economy:https://boomfinanceandeconomics.wordpress.com/2020/01/18/boom-as-at-19th-january-2020/

SALK INSTITUTE RESEARCH FINDINGS
THE SPIKE PROTEIN IS A PATHOGEN (IT CAUSES DISEASE ITSELF)

The SALK Institute has determined that the Spike Protein itself of the SARS CoV2 virus causes many of Covid 19’s effects via vascular damage. Their recently published research clearly demonstrates this — vascular damage occurs without the Virus itself being present, just the Spike Protein part is enough.

SALK Institute:COVID-19 Is a Vascular Disease: Coronavirus’ Spike Protein Attacks Vascular System on a Cellular Level  (see Link below)

The Salk Institute work is very important. Messenger RNA and Viral Vector “vaccines” create large volumes of Spike Protein fragments. If those fragments attack the endothelial layer, then we may see possibly every vaccine recipient eventually suffering from vascular disease to some degree or other. You cannot live for long with a damaged endothelial layer so any damage is a serious assault.

The endothelial layer is a special type of cell — critical — it is one cell thick and it is the barrier between the bloodstream and the body’s cells. It is the gatekeeper between our blood and our body cells.

This could result in huge numbers of people with acute and chronic cardiovascular disease. And then Autoimmune diseases will probably follow as sure as night follows day. Finally, if they are re-challenged by the virus, the recipients could also suffer from ADE/Cytokine Storm reactions resulting in death. ADE is Antibody Dependent Enhancement.

These are all worst case scenarios but they are so scary that they need to be considered. It is too early to tell if this is going to happen. The hard questions are these — do the spike protein fragments from the “vaccines” cause as much damage as the live Virus itself? Or more? Or less?  And will the spike protein fragments cause long term, chronic vascular consequences? Or will they be harmless over the long term?

We just don’t know. This is a huge experiment on millions of people who have been inadequately informed of these potential risks. If the worst case scenario comes to pass, many, many millions could die from cardiovascular diseases and autoimmune responses over the next 2 – 5 years from the damage caused by the “vaccines”  than have ever died from the Virus.

Virus deaths so far (but 94 % die from co-morbid conditions) = 3 Million
“Vaccine” possible deaths (worst case scenario) = HUNDREDS of Millions

Then there is the unknown aspect of the new nanoparticles in the mRNA products and their potential for damage long term. And the potential for RNA fragments in the bloodstream to cause damage long term.  Nobody knows the possible adverse outcomes.

Dr Mengele, the NAZI torturer from World War 2 death camps, would be proud.  We have been locked up, stopped from speaking out, stopped from travelling, denied medical therapies, censored and we are now being experimented upon.

BOOM can’t see how this differs from a NAZI concentration camp. At least they are not starving people to death?  Oh sorry, they are — this excerpt is from the BOOM Editorial on 11th April — just one long month ago.

STARVATION IS THE REAL COVID CRISIS

The Covid phenomenon is a huge threat to the global economy. It caused a massive contraction in economic activity over the last 12 months with very significant supply chain disruptions still occurring.  A United Nations report at the end of 2020 estimated that 130 Million people would suffer starvation as a result. So Covid is a lightweight in the death stakes. Starvation caused by bizarre governmental over-reactions is the real problem. Of course, most of that starvation will occur in poor nations. The rich, advanced nations (and their “caring” politicians) obviously do not care about this knock-on effect.”

OK — at least they are not gassing people to death?

SALK INSTITUTE: https://scitechdaily.com/covid-19-is-a-vascular-disease-coronavirus-spike-protein-attacks-vascular-system-on-a-cellular-level/

DR ROGER HODKINSON — SENIOR PATHOLOGIST ALBERTA CANADA

“The use of Covid vaccines is profoundly reckless”

SHORT VIDEO — ANOTHER SENIOR PATHOLOGIST SPEAKS OUT FROM IDAHO

“We are in an endemic now. The pandemic is over”

“Highest risk factors — advanced age, obesity, low vitamin D”

“The virus is fragile and is inactivated by sunlight and ventilation. It is insanity to wear a mask outside. Masking outside is insanity”

“We have an international pandemic of Vitamin D Deficiency”

https://rumble.com/vfbdc7-dr.-ryan-cole-ceo-and-medical-director-of-cole-diagnostics-on-vitamin-d-ive.html

100 MILLION DEAD IN INDIA

27,000 people die EVERY DAY in India — 100 MILLION have died in the last 10 years. No one in the media took any notice. No politician cared.

In economics, things work until they don’t. Until next week …………  Make your own conclusions, do your own research.  BOOM does not offer investment advice.

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HOW MOST MONEY IS CREATED

BANKS CREATE FRESH NEW MONEY OUT OF THIN AIR (but they always need a Borrower to do so)THERE IS NO SUCH THING AS A DEPOSIT
BANKS PURCHASE SECURITIES, THEY DON’T MAKE LOANS
BANKS DON’T TAKE DEPOSITS, THEY BORROW YOUR MONEY

Watch this short 15 minutes video and learn as Professor Richard Werner brilliantly explains how the banking system and financial sector really work. 

https://www.youtube.com/watch?v=EC0G7pY4wREhttp://
How is Most New Money Created ?

LOANS CREATE DEPOSITS — that is how almost all new money is created in the economy (by commercial banks making loans).

From the Bank of England Quarterly Bulletin Q1 2014    —
“Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.

“Most money in the modern economy is in the form of bank deposits, which are created by commercial banks themselves”.

Youtube Video —  https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-in-the-modern-economy-an-introduction

and

https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy

Paper:  Money in the Modern Economy  PDF —  CLICK HERE

Quarterly Bulletins Index

http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q1.aspx

Most economists are unaware of this and even ignore the banking & finance sectors in their econometric models.

On 25th April 2017, the central bank of Germany, the Bundesbank, released a statement on this matter —

“In terms of volume, the majority of the money supply is made up of book money, which is created through transactions between banks and domestic customers. Sight deposits are an example of book money: sight deposits are created when a bank settles transactions with a customer, ie it grants a credit, say, or purchases an asset and credits the corresponding amount to the customer’s bank account in return. This means that banks can create book money just by making an accounting entry: according to the Bundesbank’s economists, “this refutes a popular misconception that banks act simply as intermediaries at the time of lending – i.e. that banks can only grant credit using funds placed with them previously as deposits by other customers”. By the same token, excess central bank reserves are not a necessary precondition for a bank to grant credit (and thus create money).”

Reference: https://www.bundesbank.de/Redaktion/EN/Topics/2017/2017_04_25_how_money_is_created.html

The Reserve Bank of Australia (Australia’s central bank) has also contributed to the issue in a speech by Christopher Kent, the Assistant Governor on September 19th 2018.

“…… the vast bulk of broad money consists of bank deposits”
“Money can be created …….. when financial intermediaries make loans
“In the first instance, the process of money creation requires a willing borrower.” 
“It’s also worth emphasizing that the process of money creation is not the result of the actions of any single bank – rather, the banking system as a whole acts to create money.”

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MOLS Denmark


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