Gimme back my paper money

What Polycrisis?

Life is so strange when its changin', yes indeed
Well I've seen the hard times and the pressure's been on me
But I keep on workin' like the workin' man do
And I've got my act together, gonna walk all over you

Gimme back my bullets
Put 'em back where they belong
Ain't foolin' around 'cause I done had my fun
Ain't gonna see no more damage done
Gimme back my bullets

Welcome to the collapse. In some areas it moves faster but the collapse is continual since the Pandemic coup. Creative destruction planned by experts as building back better has to involve money. The hunger for CBDC top down control and the need for a technological hive and of course Save Manunkind.

https://www.paulcraigroberts.org/2023/12/11/what-were-romans-thinking-as-they-watched-rome-collapse/

How the G7 Central Banks collapse ALL at once…

Because the dollar was pegged to Saudi oil, the G7 Central Banks (Bank of Japan) printed their own local currency (bonds), to acquire dollars (U.S.Treasury bonds), $1.1t worth,

This not only strengthens the other G7 currencies by holding dollar bonds (because the other G7 currencies were not pegged to Saudi oil),

But now the U.S. Treasury could create a double entry bookkeeping scheme (you create the asset, the bond. Then you created the liability, a deposit),

This allowed the U.S. Treasury (through Blackrock-Vanguard etc etc) to acquire cheap foreign assets of poor countries and denominate them in dollars, that created a huge equity market,

Now, all the other currencies within the G7 could do the same as long as they held the dollar carry trade on their central bank balance sheet,

The Euro system could then inflate Ponzi assets,

Remember, the G7 currencies would be nothing without the **Dollar Saudi oil peg.

The Fed funds rate is still 5.5% for the other G7 Central Banks that hold dollars.

And to keep the G7 local currencies from collapsing against a stronger dollar, and to suppress bond yields against rising dollar interest rates,

The G7 Central Banks printed Like Crazy (their own currency).

O.K. Now remove the Saudi oil peg from the dollar that occurred on December 5th, 2023 during Putin's visit to UAE/S.A.

Remember how the G7 Central Banks printed their local currencies to acquire dollar bonds?

And to keep interest rates suppressed?

The dollar peg to the other G7 Central Banks that allowed them to also inflate financial assets via the yen, the euro, the pound, etc etc.

Now that the Arabs have removed the oil peg from the dollar, what is the value of the yen, the euro, the pound, etc etc and their corresponding financial assets?

ZERO!

What is the value of the dollar at 5.5% interest rate for the G7 to hold Dollars that no longer have an oil peg?

ZERO!

If the G7 were to unwind the dollar carry trade, and because the G7 no longer wants to pay 5.5% interest on a dollar that no longer has an oil monetary anchor,

And now because the yen, the pound, and the euro financial assets are worthless without the Saudi dollar oil peg,

do you think the Federal Reserve would want to buy back their own **worthless dollars (from the G7) at 5.5% interest rate when their dollar no longer has the Saudi oil peg???

NO!

🚨Welcome to the financial collapse everyone.

And the Bank of Japan can “fluff” their balance sheet all they want,

They aren’t getting any oil.

And they’re still going to blow up!

Dumb shit Ueda!

JustDario 

@DarioCpx

#JustDarioDaily

YES - THEY ARE IN COMPLETE PANIC 

One month ago, I wrote about the "PANIC BEHIND CLOSED DOOR" (post below), and at that time, I literally said: 

"Imagine what would happen to Joe Biden's approval rating if the #stocks bubble he inflated to the stratosphere implodes right now. With Jerome out of the game, Joe needed his Janet Tinker Bell to spread some magic dust and make sure the #BOJ didn't implode [reference to #Japan] and bring down the whole house of cards."

Fast forward, isn't this exactly what's happening? 

What Jerome Burns did yesterday is not only an insult to Paul Volcker's legacy but is a clear statement that Central Banks have completely abandoned their goals of financial and monetary stability to serve a very specific political agenda that clearly doesn't have as its priority the well-being of future generations. 

Coming next year, we are going to have US, UK, and Japan elections with the 3 respective governments in charge dealing with one of the lowest levels of popular support surveyed in modern times. All they have left to hang on is an unbelievable #stocks bubble they keep trying to use as proof of "how good things are" in one of the greatest efforts of brainwashing of the masses.

I bet my butt that they are aware a big institution is in a critical situation RGHT NOW, and to whom pays attention, the signs are everywhere:

- T-Bills market under pressure, now daily, during US overnight hours (https://x.com/dariocpx/status/1735214574557626540?s=46&t=Hz7-qku8ZNVPw6L9nBJOZA…)

- An unstoppable flow into the safety of money market funds OUT OF #STOCKS (Chart1) that accelerated in the past weeks

 - Critical macro assets like $JPY, affecting trillions of leverage, now swinging like #dogecoin (https://x.com/dariocpx/status/1735171676239982912?s=46&t=Hz7-qku8ZNVPw6L9nBJOZA…)

- Overnight REPO agreements spiking at levels that are multiples of when $SVB $FRC and $CS went bust earlier this year (chart 2)

I have highlighted many times lately how #BOJ actions denote an incredible state of panic, and now the fact that all other major central banks are coming to the rescue remarks how critical the situation is, greatly ignoring the fact that ultimately, the population will bear the burden for all these reckless actions. 

I am confident that in a few hours, the ECB will do the same because "breaking the ranks" now will undermine all the efforts. 

When I wrote the post "a december to remember" (https://x.com/dariocpx/status/1729501881796645119?s=46&t=Hz7-qku8ZNVPw6L9nBJOZA…), I highlighted how bankers and money managers aren't investing their personal savings in #stocks, but they are all pretty much in bills or treasuries. Ask yourself why.

I don't see anything #bullish in what's going on, quite the opposite, and whoever wants to argue against, please do it (politely) in the comments with factual evidence, and I will be more than happy to swallow back my words. 

Ko-fi.com/thejournaloflingeringsanity

The Journal of Lingering Sanity is a reader-supported publication. We are beholden to truth not party.  “The time has come," the Journal said, "To talk of many things: Of shoes—and ships—and sealing-wax— Of cabbages—and kings— And why the sea is boiling hot— And whether pigs have wings."

The solid brown line is the trend for 5-17 year olds