This info much appreciated, folks

Report for the STH community



1% of the world’s population is 75 Millions.
And suppose we assume that only 1% of folks ultimately contract the virus. That’s an extremely low estimate. Indeed, crazy low.
So, we’re now almost six months into the pandemic, and only 5M of that theoretical 75M have been infected. We are looking at ‘slow burn’ for nothing less than months and months and months. That’s a lot of stimulus!

‘The economic hit has been stark. About 122 million Indians were forced out of their jobs last month, according to estimates from a leading private sector think tank, pushing up the jobless rate to 27.1% compared with 22% implied for the U.S. In recent days, Modi has pledged a $265 billion stimulus package to shore up the economy.’
https://theprint.in/india/indias-50-day-lockdown-has-brought-economic-misery-even-as-covid-cases-surge/422012/


‘For bitcoiners, the pessimism on the economy was just another reason to be bullish, since it means the Federal Reserve is likely to inject more money into the markets, strengthening the case for buying the cryptocurrency as an inflation hedge. The Fed's total assets, which stood at $4.2 trillion at the start of the year, have now surged to almost $7 trillion.’
https://www.coindesk.com/first-mover-bitcoin-price-rally-message-capitalists-despair-wall-street

Now look here, at the ‘5Y’:
https://www.bullionvault.com/gold-price-chart.do

In conversation with a friend today, I was discussing The Unexpected Noo Normal. Remember when cryptos were crazy stuff? Just a rubbish passing fad?
So, there are three elements: gold/silver, stocks, cryptos.
And over the past ten years, each day patiently studying the GFC, I’ve seen people come to accept the 2010 tin-foil-hat prediction:
Stock prices are/will be out of their minds. They represent nothing substantial anymore. They are a balloon pumped full of Gubmint Phunnneeee Munneee.
And now gold/silver is creeping up.
And here’s the punch line: cryptos – hard-capped instruments like 42-coin – are being seen in a whole noo light: can’t be Phunnneeee-Munneeed-ed!!

Best this week:
https://theconversation.com/megacity-slums-are-incubators-of-disease-but-coronavirus-response-isnt-helping-the-billion-people-who-live-in-them-138092

Report for the STH community, 15/5/2020


The relationship between deflation and hyper-inflation is odd: a recession begins. Spending slows. People save more. Prices drop. Okay.

‘Inflation in the wealthiest countries has collapsed at the fastest pace since the financial crisis, as the coronavirus outbreak sinks the world into the deepest recession for almost a century.’
https://www.theguardian.com/business/2020/may/05/inflation-collapses-world-coronavirus-pandemic-global-economy-business-great-depression-recession

Then the government acts to ‘re-inflate’ the economy. And if it’s an emergency situation, they act very very aggressively to re-inflate. (In this present case, an aggression without historical precedent.)

And this is when the odd thing kicks in. Governments hope for inflation to ‘drift up’ gently to a small, controllable amount. But the immense amount of money pumped into the system has an immense amount of impetus. It’s rollin’ like a freight train.

And the economic situation that sparked the stimulus likely remains – so the stimulus can’t be easily lifted. So it doesn’t get lifted.

And that’s how inflation becomes hyper-inflation.

‘She warned that inflation could soar if governments and central banks overestimated the damage to global supply chains caused by the pandemic, and offered too much support to businesses and households to keep spending.’    Ibid.


“ ‘All of this is to make sure that people who want to sell have a buyer’ ”
https://www.marketwatch.com/story/the-fed-is-going-to-buy-etfs-what-does-it-mean-2020-03-23

Ooooh! This is an interesting article! So, it doesn’t matter if what you want to sell is crap. Doesn’t matter. Gubmint (FED) will buy it!


And this is interesting:

https://www.zerohedge.com/s3/files/inline-images/where-covid-19-is-rising-and-falling-1.png?itok=8Uxxtp6l


And the Best of The Week:

https://www.rt.com/usa/488383-police-speak-out-lockdowns/

Report for the STH community, 5/8/2020

COVID>inflation>cryptos


‘The data . . . was unremittingly horrible. Offshore, industrial activity indicators from Europe, the UK and the US registered numbers that were truly breathtaking.’
https://www.abc.net.au/news/2020-04-27/jobkeeper-coronavirus-payments-begin-balancing-act-economy/12187664

And stimulus? We are now far beyond ‘one lockdown, one stimulus then V-shaped recovery.’ We are in ‘slow burn’ territory:

‘ . . . an unprecedented surge of deaths in recent days amid growing fears that official counts of Covid-19 deaths reflect only a fraction of the virus’s toll in Africa . . . ’
https://www.theguardian.com/world/2020/may/02/somali-medics-report-rapid-rise-in-deaths-as-covid-19-fears-grow

‘Doctors in Kano say they have seen a surge in fatal cases of pneumonia. But local authorities have denied that Covid-19 is responsible, variously blaming malaria, meningitis, hypertension and other illnesses for the increased mortality.’
https://www.theguardian.com/world/2020/apr/28/nigerian-authorities-deny-wave-of-deaths-is-due-to-covid-19

However, instead of governments admitting this, and forging new models, they’ll almost certainly just keep doing the same old thing, round after round of stimulus packages.

Great article:
https://mises.org/wire/america-technocracy-not-democracy

Brave New World (watch the video):
https://www.zerohedge.com/geopolitical/watch-video-nypd-officer-brutalizing-bystander-during-social-distancing-arrest-sparks

'There are many of such coins'

Nuh.

There is one other successful rare crypto. The 'hyper-deflationary' craze failed miserably.

42-coin is the only successful deflationary 'instrument' on Planet Krypto. Same dev since its re-launch four years ago. Provides both public and private txes. Got an encryption engine in its QT. Got long-timer community.

Check its 1Y chart. Hundreds of cryptos have not recovered from the spike in Bitcoin dominance that began in April last year. But 42 is outstandingly stable -- almost boringly stable. The community keeps the buy-sell pretty tight. It's traded on three exchanges.

And the world is heading into inflation/hyper-inflation.

P.s.: thanks to those on this thread who made accurate comments.

Report for the STH community, 1/5/2020

Every Friday, a predictive excursion into What Is Going On: politics/COVID>(hyper)inflation>cryptos>42-coin

Have a look here:

https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp

The figures are mind-boggling. Of course, these amounts are ‘notional.’ This means that they’re more theoretical than real. They are a house of sand and fog. But they are a very very big house of sand and fog! And they give us some insight into what amounts The System thinks are tenable.


‘ . . . $6 trillion of new debt in two years [in the U.S.] is equivalent to what it took 213 years and 43 presidents to produce . . . ’
https://www.zerohedge.com/health/ripple-effects-government-lockdown-are-only-starting-take-shape


And My Prediction from A Month ago? On Africa, India, and Indonesia? Well, it’s not so bad as I guessed; but my thesis is looking good:

there was, a month ago, a startling ‘hole’ in the reporting. There was just so little mention of places that are far more susceptible: Africa, a continent of poor nations; India; Indonesia.

War zones, refugee camps, indigenous folks far from health facilities.


Best article this week:

‘The medical profession is highly biased towards doing something, and the idea of leaving well enough alone is frightening and abhorrent to them.’
https://www.aier.org/article/open-up-society-now-say-dr-dan-erickson-and-dr-artin-massihi/

Volume on all three exchanges today.

Report for the STH community


‘We are moving quickly to deliver cash to all people . . . ’
https://www.rt.com/newsline/486170-cash-all-japan-abe/

This isn’t Just Another COVID Blog. Our thesis is: the longer the drama, the more stimulus packages. The more packages, the greater the inflationary pressure.

‘ . . . Australia's borders could remain shut until a COVID-19 vaccine is obtained.’
https://www.theage.com.au/national/victoria/forget-going-to-mcg-concerts-or-overseas-travel-until-2021-health-chief-20200417-p54kxo.html
Really? 2022?


‘ . . . with many of the world's countries in or near recovery, the focus shifts to the "exit plan." ’
https://www.zerohedge.com/health/where-world-corona-curve-moment-over-hump

This is the stupidest thing I’ve read this week.

India, Bangladesh, Indonesia, Russia, the slums of the world, a range of Central and South American nations, all war zones, and the entire continent of Africa remain in the early stages, or perhaps mid-stages, of their troubles.


‘Rioting broke out in deprived areas of Cape Town where millions are currently confined to crammed townships.’
https://www.thesun.co.uk/news/11427602/riots-looting-cape-town-coronavirus/

‘ "make funds available" to help [U.S.] oil and gas companies.’
https://edition.cnn.com/2020/04/21/business/negative-oil-prices-trump-bailout/index.html


John Rubino is great:

https://www.dollarcollapse.com/real-crazy/

http://swapspace.co/

Hi, campers. Antony from Swapspace has asked me to let you know of our listing. I trialled it. Yep: works well. Big selection of cryptos. No registration required. If you do trial it, feel free to leave a Report here.

EDIT:

https://www.facebook.com/SwapSpaceCo/photos/a.2302607649832064/2948492475243575/?type=3&theater

Okay, credit where credit is due. Antony from SwapSpace has been patiently promoting GRS. And I understand a video on How to Buy GRS on SwapSpace is due next week.

Thanks for your effort, Antony.


EDIT EDIT

https://www.facebook.com/SwapSpaceCo/posts/2985232864902869

https://twitter.com/SwapSpaceCo/status/1266717026871107584

Okay, now we are rockin' on SwapSpace!

All our team is well. Though it is a little quiet, but all threads are regularly checked.

'In the span of approximately 100 days, the entire global capitalist empire has been transformed into a de facto police state.'

https://www.zerohedge.com/geopolitical/brave-new-normal-cj-hopkins-has-theory


Well, when you put it like that . . .

Edit: but 'a war on minor cold-like symptoms'? Hmmm . . .  seems to be more than that.

GRS, PPC, QRL

And a little 42-coin

42 in The Time of Inflation

Just to get a sense of the $$$:

a few months ago, Australia's conservative government was strongly committed to a fiscal surplus. But now:

$AUS 17B stimulus package

Then our Central Bank: $90B 'funding facility'

Then another $66B in stimulus

All announced in just 18 days, and some state $$ thrown in as well.

42-coiners are mostly long timers. We want to push our volume on Altmarkets. So whatever craziness happens, we'll remain active.

And I like trading ALTM.

The 2008 crisis was sparked by massive amounts of low-quality debt. The solution was vastly larger amounts of low-quality debt. Very few folks really understand that the entire global economy is significantly buoyed by the issue of debt (which has juiced the markets to insanity).

And just a few of us Poindexters have followed the resultant years of discourse about 'MMT,' the breath-takingly radical notion that governments should print unlimited amounts of money, and just give it away. (This is a simplification; but only just -- Google 'MMT')

The virus, however, has suddenly made 'proto-MMT' perfectly acceptable. And while fiat currencies may remain stable for the interim, I am happy to go on record:

massive and prolonged debasement of a fiat currency will surely result in hyperinflation.

'Covid19 just happened to be the reason.'

Best comment on the whole thread.

42 in The Time of Inflation


Suppose:

one-time lockdown with one-time (mega-massive) stimulus. Okay. But what if that doesn't contain the virus, and you have a 'slow burn' that results in subsequent lockdowns?

Well then, you must have subsequent rounds of stimulus.

Then what if you get just sort of stuck between economic recovery (sparked by the stimulus) and slow-burn-necessitating-semi-lockdowns-and-border-closures?

Well then, you must have subsequent rounds of stimulus.

In this case, by Christmas this year, the entire global economy could be running on Gubmint cheques.



'Lockdown eased in Hubei province despite doubling of new coronavirus cases in China'

https://www.france24.com/en/20200325-province-at-epicentre-of-coronavirus-outbreak-lifts-restrictions-as-china-reports-no-new-virus-cases