Well maybe a few more than two. But first off, did you all see Biden promising 31 more tanks to Ukraine? I watched his 20 minute word salad speech and I was speechless. They want this war to go on and on and on. They want all the spending they can squeeze out of this, and boy the money is flowing.
It took me a long time…over two hours. But I wanted to look up the first time I said that when the economy is in the toilet, they will spark a war, open the debt gates and spend their way out of the hole. Well it was all the way back during the NASDAQ meltdown, and sure enough, we went into Iraq over the BS of weapons of mass destruction. 20 years ago. I probably said it sometime in the 90’s also, but got tired of searching.
Once the war time spending hits, they can spend their way out of most recessions. Well, they’ve done it again. They set up the Ukraine since 2013 to be the area ( patsy) for the next multi billion dollar war spending spree. So it worked. They pushed and pushed Russia to the point where Putin did what any world leader would do…he snapped and pushed back.
That was and is the plan and the reason all these politicians are saying things like “what ever it takes” concerning helping Ukraine win. Listen folks, these people don’t give a rats ass about the Ukrainian people. They do like the Ukrainian chemicals, rare earths, and oil and gas…but the people? To the politicians they’re just as expendable as the people in Libya, Iraq, Sudan, Yemen, Palestine, and a hundred other places. Cannon fodder, nothing more. Oh and a good place to launder their millions of dollars…they do like that too.
But they’re playing a very dangerous game this time around. Russia isn’t Iraq or Libya. Russia isn’t Vietnam or Afghanistan. Russia is a very formidable opponent. So, while they’re all in on this war because of the debt that the Central banks can create and the money that gets spent on more armaments…if it gets out of control, we are in WWIII, with the death and destruction that brings. War is a racket, as quoted by Gen. Smedly Butler so long ago. Well this is one of their biggest rackets ever.
Okay, so lets me get back to market land. This coming week is yet another two day FOMC meeting, where they will determine what they’re going to do with interest rates. Then, on the second day of the meeting, Powell himself will give a Q&A press conference, where he’ll get asked 25 times “when are you going to pause and when are you going to cut rates.” Both of which he will dance around in Fed speak. He’s not as good as Mumbles Greenspan, but he’s pretty deft at it.