Well certainly didn't help calm nerves that multiple freight trains loaded with military equipment was spotted in Illinois. Both the governor and Illinois national guard addressed it by basically saying not ours nothing to worry about. Guess we'll find out.
Maybe I spoke prematurely. After more research the "multiple trains" sources were coming mostly from social media. Local news outlets are reporting just one. But who really knows I guess. A lot of weird stuff going on. The city as of yesterday has slowly started to reduce transit. Right now its the metra train system. Businesses downtown are starting to board up. The police department is a absolute mess right with from what I'm hearing got issued expired hand sanitizer and some masks but that's it. Governor mentioned in his speech yesterday that the city has seen martial law before during the great Chicago in 1871 and how the city came out on top. Why mention that?
In times like this, misinformation runs rampant. Try to confirm with multiple sources and provide links, if possible. Feeding the fire, doesn't help anyone.
What a load of BS. "Debt Jubilee"? I am a CPA with an MBA in Finance an I had to look that one up. Old Testament reference? Really?
I find it interesting that you started this post under the premise of asking a question and then used it as a soapbox for your nut job, new world order conspiracy theories.
Headed to Maryland and Virginia on Sunday. Then right back to MO.
End game is global monetary reset. Use of Modern Monetary Theory. MMT. So much money is being pumped into the worldwide system right now, it can't be absorbed. The US alone has pumped in almost $8 trillion. Repo market, small business help, cash money to every person . . .
EU just pumped $750 billion. The hits just keep on coming . . . Germany, 1/2 trillion in . . .
Debt jubilee on the other side of this crisis. Single currency for the globe. Single centralized bank. All money flows from and to a single institution. Talk about taking control . . .
EMP from China being threatened towards US Naval vessels in South China Sea. Russia has moved up 90k troops, 1100 tanks to Ukraine border right now.
To stop this, single world entity. No more enemies, no more monetary constraints, no more problems. One world gov't will be set up. This IS coming right at us, right now.
This plan will stop war, it'll stop recessions, it'll stop the coronavirus, it'll stop poverty, hunger, etc. All it will cost is everything.
God, I hope I'm wrong.
Driving While Intoxicated
Really? A CPA with a Masters? But you are driving a truck . . . guess we all come from different backgrounds, I suppose.
Instead of stooping to your level, let me explain further.
The "old testament reference" literally came from the Bank Of International Settlements. I actually read the article myself and had to look it up as well. That is not "my soapbox" or my "nutjob. . . . theory." It came from a recognized bank/source.
Modern Monetary Theory is not some made up term. It's an actual thing. The theory is not sound in my book, but that's just my opinion. LOTS of people think it is sound business and MANY people think we are already operating within its bounds (which is quite possible).
The numbers I listed are real. The global debt to gdp is approximately 350%. China's debt to gdp is 300%. Japan's is 250%. I didn't even get into numbers include unfunded liabilities. These are just current numbers. The unfunded liabilities crush these numbers.
The US is literally pushing trillions of dollars into various markets. $5 trillion in liquidity for the repo market by the end of the month. 1 trillion stimulus package. Another 2 trillion in stimulus being discussed. The EU just passed their stimulus package which is 750 billion euros. Germany just announced their stimulus package of 500 billion. These are ALL verifiable numbers.
It was last month that Russia moved its troops into place. China made their threat within the last week, discussing using a laser weapon of some type to cause it. FACTS.
The Fed's first stimulus was a .5% rate cut. It was greeted with a 900+ down day on the market the next day. So he literally repeats the same action with bigger numbers. That does NOT make sense. Because, why would you do the same thing when the last time you tried it, it failed miserably? But that's exactly what he did. And it failed again, terribly.
The move to a single currency would be a logical move if this current global recession moves to a prolonged depression. I don't agree with it and would fight like hell against it, but it would be a logical move. Would solve a LOT of problems.
So, Mr. CPA with a Masters in Finance, how do you dispute the above facts? Say they didn't happen? And if you are so educated and knowledgeable, what is your opinion on the future of global finance? It would be interesting to hear.
Really? A CPA with a Masters? But you are driving a truck . . . guess we all come from different backgrounds, I suppose.
What's that supposed to mean? We're all uneducated slobs that cant succeed at anything but holding a steering wheel? I've met other drivers from all walks of life on the road including Doctors, lawyers, teachers, business owners, law enforcement etc.
Don't get defensive. I myself own a couple of businesses and also have my degree in health sciences with a focus on public health education. And I drive a truck.
We all come from different backgrounds. And someone with a focus on finance should have some definite insight into the current state of financial affairs affecting the global marketplace.
No need to get defensive, I wasn't putting anyone down. I'm just waiting for an expert to offer up insight.
So, Mr. CPA with a Masters in Finance, how do you dispute the above facts? Say they didn't happen? And if you are so educated and knowledgeable, what is your opinion on the future of global finance? It would be interesting to hear
I think there are plenty of other websites to find the information you seek.
I fail to see how continuing this pointless debate will help any drivers.
No need to get defensive, I wasn't putting anyone down. I'm just waiting for an expert to offer up insight.
It seems that way. But what do I know I am only a dumb steering wheel holder
Debt Jubilee quote from 2016: https://www.telegraph.co.uk/finance/financetopics/davos/12108569/World-faces-wave-of-epic-debt-defaults-fears-central-bank-veteran.html
Global gdp: I was off by a bit. It's a 322%, not 350%. https://www.cnn.com/2020/01/13/economy/global-debt-record/index.html
Russian Troop Deployment: https://www.ukrinform.net/rubric-defense/2888352-russia-pulls-90000-troops-1100-tanks-hundreds-of-planes-to-border-with-ukraine.html
Modern Monetary Theory: https://www.forbes.com/sites/nathanlewis/2019/02/21/the-problem-with-modern-monetary-theory-is-that-its-true/#7c3727d456fb
China EMP threat: https://www.breitbart.com/national-security/2020/03/17/china-threatens-emp-attack-south-china-sea/
Germany and EU stimulus: https://www.pionline.com/markets/germany-lines-600-billion-virus-aid-eu-backs-stimulus https://news.cgtn.com/news/2020-03-19/EU-chiefs-hail-ECB-stimulus-vow-whatever-it-takes--OZwAMjLeW4/index.html
If you want more references, just let me know.
I don't BS these things. They are the result of analysis, fact, and critical thinking. I was prepared for this current crisis in January. I watched it unfold since December. I also watched MERS unfold while I was in the middle east. I spent over 20 years watching institutional medicine in action. Inpatient facilities, prison populations, Naval vessels, Marine operating bases, etc.
I also watched things fall apart in 2006-2009, wasn't fast enough to react, lost my house. Watched friends lose millions in 1999-2000. Lost my job with this one.
So I've learned some hard lessons. Some I'm not proud of. Some I should have seen coming. Now I keep a hard eye out and don't discount anything without at least a modicum of research.
Lots of people laugh at my "crazy conspiracy theories." For example, just look at the beginning of this thread.
It is not beyond the realm of possibilities that a single currency is coming. This currency would be managed by a central bank.
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Headed to Maryland and Virginia on Sunday. Then right back to MO.
End game is global monetary reset. Use of Modern Monetary Theory. MMT. So much money is being pumped into the worldwide system right now, it can't be absorbed. The US alone has pumped in almost $8 trillion. Repo market, small business help, cash money to every person . . .
EU just pumped $750 billion. The hits just keep on coming . . . Germany, 1/2 trillion in . . .
Debt jubilee on the other side of this crisis. Single currency for the globe. Single centralized bank. All money flows from and to a single institution. Talk about taking control . . .
EMP from China being threatened towards US Naval vessels in South China Sea. Russia has moved up 90k troops, 1100 tanks to Ukraine border right now.
To stop this, single world entity. No more enemies, no more monetary constraints, no more problems. One world gov't will be set up. This IS coming right at us, right now.
This plan will stop war, it'll stop recessions, it'll stop the coronavirus, it'll stop poverty, hunger, etc. All it will cost is everything.
God, I hope I'm wrong.
DWI:
Driving While Intoxicated