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THE PRICE FOR GOING "FULL WEIMAR" IS ABOUT TO BE PAID

By Michael Snyder - theeconomiccollapseblog.com

Volatility has returned to Wall Street, and it appears that our absolutely epic stock market bubble may be in serious trouble. The S&P 500 closed down for the fifth trading session in a row on Monday, and that represents the longest losing streak that we have seen since last February.

Investors are starting to get quite nervous, because for most of the past year stock prices have gone in just one direction. Even as the real economy has imploded all around us, there has been tremendous euphoria on Wall Street as stock prices have surged to dizzying heights. If stock prices were allowed to crash, that would definitely not be good for the national mood at all.

So what is the solution? This stock market bubble was originally created by unprecedented intervention by the Federal Reserve and by extremely wild borrowing and spending by the U.S. government, and in order to keep the bubble going we are going to need a lot more of the same.

So someone needs to tell Federal Reserve Chair Jerome Powell that it is time to go "full Weimar" so that we can prop up this bubble for as long as humanly possible.

For a while there in 2020, the Fed's balance sheet was increasing at a nearly vertical pace, but in recent months it has only been going up at an exponential rate...

If the Fed wants to keep stock prices at their current levels, Powell and his minions need to fire up the engines again.

Meanwhile, the federal government has work to do as well. If our politicians in Washington really want stock prices to remain ridiculously high, they need to send more checks to the American people as soon as possible.

The effects of the last round of checks is already starting to wear off, and retail investors need more "stimulus money" to fritter away in their Robinhood accounts.

The good news for Wall Street is that Treasury Secretary Janet Yellen has reiterated her call for a large stimulus package, and Joe Biden has said that he is ready to sign one into law. Of course at this point poor old Joe signs anything that his handlers put on his desk.

We haven't added another trillion dollars to the national debt in a few months, and investors are quite eager to see our grand total cross the 28 trillion dollar mark. Most of them believe that more stimulus money will mean higher stock prices, but more stimulus money will also cause our money supply to grow even larger.

Since the start of the pandemic, M1 has been growing at a rate that would put the Weimar Republic to shame...

When I look at that chart, I feel like I am going to throw up. But the only way to "save Wall Street" is to throw more giant mountains of money on to the fire. If we don't go "full Weimar", stock prices might crash to reasonable levels, and investors would be absolutely horrified.

And we are already starting to see warning signs. Just look at what happened to Tesla on Monday...

    Shares of Tesla closed down 8.55% on Monday, as investors betting on a pandemic comeback rotated out of Big Tech and piled into cyclical stocks. It's Tesla's biggest drop since Sept. 23, 2020, when it closed down 10.34%.
Do you want to be responsible for Tesla investors losing hundreds of billions of dollars in paper profits? If not, then you need to support more printing, more borrowing and more spending. Of course I am being facetious.

By going down the road of hyperinflation, we are systematically destroying the value of the reserve currency of the world, we are piling up trillions of dollars of debt that future generations would never possibly be able to repay, and we are setting the stage for the inevitable meltdown of our current financial system. In other words, we are literally committing national suicide. Following World War I, they did the exact same thing in Germany. The Weimar Republic created money like there was no tomorrow, and at first it fueled a tremendous speculative boom. Just a couple days ago, Michael Burry posted about this on his Twitter account...

    "Speculation alone, while adding nothing to Germany's wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market."
But that bubble didn't last, did it? Germany plunged into a horrific economic depression that shocked the entire world. Eventually, people were running around with wheelbarrows full of cash to pay for things, but nobody wanted the money because it was so worthless. And of course the collapse of the Weimar Republic set the stage for World War II. So why do we refuse to learn from history? Sadly, it isn't just the U.S. that is going down a hyperinflationary path. Governments all over the globe have been printing, borrowing and spending money at unprecedented levels, and now the ratio of the world's debt to GDP has reached a staggering 356 percent...
    The world's debt-to-GDP ratio rose to 356% in 2020, a new report from the Institute of International Finance finds, up 35 percentage points from where it stood in 2019, as countries saw their economies shrink and issued an ocean of debt to stay afloat.
We all know how this story ends. It ends with an absolutely nightmarish global economic collapse. I have been sounding the alarm for years, and many others have as well. Unfortunately, those warnings have gone unheeded.

Even though our forefathers handed us the keys to the greatest economic machine the world had ever seen, in our insatiable greed we always had to have more. We just kept borrowing and spending, and many of us assumed that our self-destructive behavior would never actually catch up with us.

Disaster didn't strike when our national debt hit 10 trillion dollars, and it didn't strike when it hit 20 trillion dollars either. To a lot of Americans, it seemed like we could keep this charade going indefinitely.

But now we are facing a day of reckoning, and the price for going "full Weimar" is going to be very bitter indeed.

BIDEN'S DEMENTIA A CLEAR NATIONAL SECURITY THREAT

By Jim Hoft - thegatewaypundit.com

Australian reporter Cory Bernardi is the first prominent mainstream host to report on Joe Biden's obvious dementia that is apparent to anyone paying attention. No one in the US liberal media is strong enough to point this out - President Biden is out to lunch. He is in an escalating stage of cognitive decline.

Bernardi shared this on Friday, "Such was the hatred of Donald Trump by the partisan and poisonous mainstream media that they chose not to highlight anything that may have derailed a Biden victory. Even now after he's been sworn in many are still refusing to speak the truth."

On Monday night on Newsmax TV, Grant Stinchfield also weighed in on Joe Biden's cognitive decline.

    Grant Stinchfield: We had a doctor on the program from Mount Sinai Medical Hospital who made the diagnosis watching 30 hours of video that Joe Biden has early to mid-stage dementia. Now that he's president I believe Joe Biden's mental state is a clear national security threat. Now other parts of the world are apparently noticing too.

STATES MOVE AGAINST BIG TECH CENSORSHIP

By Franz Walker - naturalnews.com

U.S. states are now moving to quickly rein in abuses by Big Tech. Spurred by various motivations, such as fighting censorship, increasing data privacy protection or simply raising revenue by punishing cash-flush companies that have grown rich through their dominant market positions, these states are now looking to take on Big Tech.

Texas, Nebraska and Florida are all working on legislation that would limit social media companies' abilities to moderate content based on political views. Florida, in particular, would penalize social media companies that deplatform candidates during an election. States look to keep Big Tech in check

In the face of Big Tech companies seeming moves to suppress conservative voices, Texas state Sen. Bryan Hughes has worked with Gov. Greg Abott and other state legislators to reintroduce a bill that prevents companies from moderating user content based on political viewpoints.

"We filed a bill about this during the last session two years ago, it passed the Senate did not make it through the House," Hughes said in an interview with WFAA's "Inside Texas Politics' on Sunday, Feb. 7. "So the bill we're getting ready to file will say that if a company discriminates against you, deplatforms you, blocks you, kicks you off based on your viewpoint, based on your politics, your religion, based on viewpoint discrimination, it will give you a way to get back online."

Hughes explained that the previous bill looked at different options for how users could bring discrimination lawsuits against big tech companies.

"What we would like to do is to give any Texan who's being discriminated against, the option to bring an action and we think that will get Facebook's attention, get Twitter's attention, and cause them to start treating Texans fairly," Hughes added.

The Texas bill follows a Florida proposal that directly penalizes Big Tech companies that deplatform a candidate during an election. The new bill would fine companies $100,000 a day until the candidate's access to the platform is restored.

The Florida bill also targets companies that promote certain political candidates, requiring the former to record such endorsements as political campaign contributions at the state's election commission.

Nebraska has also recently introduced legislation that seeks to fine social media platforms. Introduced by state Sen. Curt Friesen, the new bill is similar to the Florida bill in that it would impose fines on social media companies caught violating Nebraska user's free speech rights.

"They arbitrarily decide what's fit for their platform or not," Friesen told the Omaha World-Herald. "I don't think they've applied it fairly across the board."

As states move to keep big tech in check, some Democratic Senators in Capitol Hill are looking to do the same.

Sens. Mark Warner, a former Virginia tech entrepreneur; Mazie Hirono of Hawaii and Amy Klobuchar of Minnesota have recently introduced a bill targetting Section 230 of the 1996 Communications Decency Act (CDA). The latter is the provision of the CDA that shields social media companies from liability in relation to content posted on their platforms by third parties.

Called the Safeguarding Against Fraud, Exploitation, Threats, Extremism and Consumer Harms Act (SAFE TECH Act), the bill would end Section 230 protections for ads or paid content. It would allow victims to seek court orders that would allow Big Tech to be sued in some situations where they're currently immune from litigation.

"How [Big Tech companies] operate has a real-life effect on the safety and civil rights of Americans and people around the world, as well as our democracy," Klobuchar stated. "Holding these platforms accountable for ads and content that can lead to real-world harm is critical, and this legislation will do just that."

"Section 230 has provided a 'Get Out of Jail Free' card to the largest platform companies even as their sites are used by scam artists, harassers, and violent extremists to cause damage and injury," added Warner in a statement.

But the bill stops short of repealing Section 230 altogether as some critics, including former President Donald Trump, have called for.

















E-Mail: NORTHSTARZONE@YAHOO.COM

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