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.