Tin Foil Hats, Economic Reality and the Total Perspective Vortex

[searcher]

In this one Mario and Nomi Prins talk about de-dollarization, payment systems other than SWIFT, CBDCs and more. There's nothing to see, can listen in one tab, play around the forum in a different tab. 36 mins long.

Pix (payment system) - Wikipedia

en.wikipedia.org

The Hidden CBDC Agenda at the G20 Summit in Rio de Janeiro. Interview with Nomi Prins.​

Nomi Prins' Substack: https://prinsights.substack.com/

 

[Joe King]

Read where Pimco says, no more long US bonds. Short term only.

 

[pmbug]

Read where Pimco says, no more long US bonds. Short term only.

...
At PIMCO, we are already making incremental adjustments in response to rising U.S. deficits. Specifically, we’re less inclined to lend to the U.S. government at the long end of the yield curve, favoring opportunities elsewhere. Here’s our latest thinking.
...
... we have become more hesitant to lend longer term given U.S. debt sustainability questions and potential inflation catalysts, such as tariffs and the effects of immigration restrictions on the labor force. ...

Thoughts From the Bond Vigilantes | PIMCO

Amid concerns about the impact of rising deficits on U.S. Treasuries, it helps to differentiate bond investments by maturity, credit rating, and global relative value.

www.pimco.com

Would deporting illegals really be inflationary? I don't think they are working (ie. in the labor force) and the government is spending a ton of money to house them. That bit seems like a bit of a political jab more than economic analysis.

 

[Casey Jones]

^^^^^^^^^

The Elites are frantically trying to construct a Narrative of why these wonderful tax-leaching "migrants" just can NOT be sent back. Lying, obviously, is not beneath them.

They start with conclusions, and craft a line of reasoning to lead to it. This is part of that.

In other words, they're full of (expletive).

 

[Joe King]

Would deporting illegals really be inflationary? I don't think they are working (ie. in the labor force) and the government is spending a ton of money to house them. That bit seems like a bit of a politica

The argument that restricting immigration is detrimental to the labor force falls flat once one realizes that there are only about 2.5 million news jobs created per year.

We've had at least six times that many allowed in in just the past three years. There simply are not jobs for all of them.

Not to mention the fact that we have nearly 4 million of our own children maturing into the workforce each year. They need jobs too.

Where are all these jobs gonna come from for all these many millions of people? 2.5 million jobs per year ain't gonna cut it.

 

[pmbug]

Russian Deputy Foreign Minister Sergey Ryabkov has affirmed that plans to establish a BRICS payment system are tangible and progressing, describing them as “not hypothetical.” In an interview with the Tass Analytical Center on Tuesday, Ryabkov reflected on Russia’s role during its BRICS chairmanship, emphasizing that the initiative is both real and actionable. When asked about the feasibility of such a payment system among BRICS nations, he stated:

Not only it exists. It is not hypothetical.

...

Russian Official Declares BRICS Payment System a Real Alternative to US Dollar – Economics Bitcoin News

A top Russian official has declared plans for a BRICS payment system “not hypothetical,” signaling a shift toward reducing reliance on the dollar through alternative financial mechanisms.

news.bitcoin.com

 

[Viking]

Russian Official Declares BRICS Payment System a Real Alternative to US Dollar – Economics Bitcoin News

A top Russian official has declared plans for a BRICS payment system “not hypothetical,” signaling a shift toward reducing reliance on the dollar through alternative financial mechanisms.

news.bitcoin.com