Testing New Wheels for the Moon
In this image from June 2023, an engineer watches a development model rover during a test for NASA’s Cooperative Autonomous Distributed Robotic Exploration (CADRE) technology demonstration in the Mars Yard at NASA’s Jet Propulsion Laboratory in Southern California.
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“There was a big government-engineered shift in wealth from 1) the public sector (the central government and central bank) and 2) holders of government bonds to 3) the private sector (i.e., households and businesses). This made the private sector relatively insensitive to the Fed’s very rapid tightening to a more normal monetary policy. As a result of this coordinated government maneuver, the household sector’s balance sheets and income statements are in good shape, while the government’s are in bad shape.”
August 8, 2023 at 09:43AM
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“While this tightening sent bonds and stocks down and squeezed some areas of the capital markets and the economy (e.g., venture capital, private equity, and commercial real estate), the private sector’s net worth rose to high levels, unemployment rates fell to low levels, and compensation increased a lot, so the private sector was much better off while central governments got a lot more in debt and central banks and other government bond holders lost lots of money on those bonds.”
August 8, 2023 at 10:24AM
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“MP2, which is the central bank’s “printing of money” and buying of financial assets (also known as “quantitative easing,” or QE), which is done when the free market demand for the debt falls short of the free market supply of the debt and the central bank would like to stimulate the economy but can’t do it through interest rate cuts.”
August 8, 2023 at 10:27AM
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“The problem with MP2 that leads to MP3 is that while buying financial assets helps the holders of financial assets, it doesn’t help get the money and credit into the hands of the people who need it the most.”
August 8, 2023 at 10:28AM
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“One could even imagine in the US that large central bank losses and negative central bank net worth could cause political reactions that would threaten the central bank’s independence and lead to more political controls over it.”
August 8, 2023 at 10:38AM
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“the savings rate is the savings relative to the income and is not a reflection of the incomes and balance sheets of the household sector, so its current low level shouldn’t be misconstrued to mean that the household sector is in a cash-strapped position. It’s not”
August 8, 2023 at 10:41AM
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“the next significant increase in monetization will probably signal the last and probably biggest leg of the long-term debt cycle’s reduction in the values and burdens of debts.”
August 8, 2023 at 10:47AM
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“中國不會攻打台灣除非1）台灣宣佈獨立或2）美國挑釁中國，例如派兵進駐台灣，承認台灣的民進黨政府，等等。”
摘抄自： 美國和美國媒體的陰謀
August 8, 2023 at 11:00AM
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“美國跟蘇俄的戰爭已經分出了勝負。戰爭上，美國敗了。戰爭的目的一個都沒有達到。蘇俄沒有被美國拖垮，被拖垮的是美國，英國和EU。美國面對第二個阿富汗，拜登沒有臉承認失敗，又沒有階梯可以不丟臉的下來。而對美國最嚴重的打擊不是暴露了美國的短板，而是加快了去美元化的腳步，促使世界上許多國家團結一致唾棄美國的霸權，放棄美元，拋售美國政府的債券，加速了美國的滅亡。”
摘抄自： 美國和美國媒體的陰謀
August 8, 2023 at 11:01AM
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A Round TAble Ukrainian War update with Judge Napolitano and Ray McGovern and a Gonzalo Lira Update — UPDATE
Ukraine’s attack on Moscow on two consecutive days with drones had zero military benefit for Kiev. One likely motive for this weak effort is the West’s persistent delusional belief that Putin’s domestic support is wilting and that these types of attacks will galvanize hardliners to oust him.
Tags: from Inoreader
August 08, 2023 at 10:58AM