Truth and God and Pain and Lies

Elmer Gantry final scene

The Leonardo Gulag, by Kevin Doherty, hypothesizes a Stalin-era plot to forge Leonardo Da Vinci’s sketches. Involved is Sir Anthony Blunt, a leading British art historian and Soviet spy. Brilliant young artist Pasha Kalmenov is arrested and sent without trial to a forced-labor camp in the Arctic gulag. The lies of Stalinism become evident and Pasha is faced with the dilemma of his whole society being nothing but lies. When there is nothing but lies, Doherty suggests we are forced to seek God.

But which version? Big business aspects of Christianity are mercilessly portrayed in Sinclair Lewis’ 1927 novel, Elmer Gantry. Lewis, an atheist, preaches an anti-god – a poor replacement for vulgar depictions. How does the book compare with the 1960 film version? The film is less cynical than the book! It also uses only a portion of Lewis’ Elmer Gantry story.

Maybe the Knights Templar figured it out. In two novels, The Last Templar and The Templar Salvation, Raymond Khoury theorizes a canonical plot which excluded a majority of other interpretations of Christianity. “It has served us well, this myth of Christ,” Pope Leo X is quoted as having said. Unfortunately, Khoury’s two novels are weighed down by the usual these days boilerplate figures. We have Sean Reilly, heroic FBI agent, and Tess Chaykin, bold female archaeologist, and their finding of true love.

When there is nothing but lies, we are forced to seek God (or Allah, or Yahweh, or Krishna, or some other name for the infinite). Each day we look to Internet: Maybe this will be the day that Truth explodes! Instead we get Stalinist repetitions. Oh well, maybe tomorrow Truth will break through. How long wilt thou forget us, O Lord? (Psalm 13: 1)

“God is a concept by which we measure our pain,” sang John Lennon. And then they killed him. The “Son of Man was not crucified once for all,” wrote T.S. Eliot in Choruses from the Rock, “The blood of the martyrs not shed once for all, The lives of the Saints not given once for all: But the Son of Man is crucified always And there shall be Martyrs and Saints.”

 

Dick Van Dyke Weighs In

Something on my mind…

Pluto is retrograde in Aquarius from May 2nd to October 11th. “As Pluto backtracks from Aquarius to Capricorn, we will ponder the effect capitalism has on us and society at large.” Pluto “returns to Capricorn on September 1 and remains in the earth sign until November 19. Pluto will then move forward in Aquarius and stay there for the next 20 years…” [1]

Jason Stevens, in his Introduction to Sinclair Lewis’ novel, Elmer Gantry, opines that vulgar American Christianity sanctifies success upon a basis of inequality, repression, and anti-intellectualism. Vulgar Christianity is seen as believing in the same God of success as the capitalist moguls. [2]

The U.S. government debt market has begun to collapse, warns the data-driven research platform Game of Trade. “The US government debt market collapse has begun. This has MASSIVE implications for the economy,” the platform noted. [3]

The People’s Bank of China is dumping Fed government bonds and buying gold, including secretly, reports Pravda. [4] Pravda elsewhere reports American scientists are testing potent psychotropic drugs on Ukrainian residents. Allegedly, “Doctor of Medicine and pathologist Julian P. Arce supervises experiments on humans from the US side.” [5]

And Dick Van Dyke has something on his mind: The Supreme Court has delayed a decision on presidential immunity, says the beloved entertainer, and at the same time they have stalled everything so that “Donald Trump’s path back to the White House is pretty clear now.” (See video hopefully viewable above.) However Ersjdamoo theorizes that Nikki Haley is the anointed one.

——- Sources ——-
[1] “Pluto Retrograde Will Push You Out Of Your Comfort Zone”, by Lisa Stardust. Refinery 29, May 1, 2024. https://www.refinery29.com/en-us/pluto-retrograde-may-2024-meaning-effects
[2] Elmer Gantry, by Sinclair Lewis. New York: Signet Classics, 2007 edition.
[3] “U.S. economic apocalypse imminent? Government debt market collapse begins”, by Justinas Baltrusaitis. Finbold, May 4, 2024. https://finbold.com/u-s-economic-apocalypse-imminent-government-debt-market-collapse-begins/
[4] “China prepares for war with US by selling Fed bonds and buying gold”, by Lyuba Lulko. Pravda, April 27, 2024. https://english.pravda.ru/world/159501-china-usa-war/
[5] “US scientists test potent psychotropic drugs on Ukrainians”, Pravda, April 26, 2024. https://english.pravda.ru/news/world/159493-isa-psychotropic-drugs-ukraine/

 

Of Perma-Bulls and Perma-Bears

The Mamas & the Papas – Dedicated To The One I Love

“I am not a perma-bear,” writes Michael A. Gayed. That is the latest word – perma-bear – to surface. Not yet has the word perma-bull surfaced. Gayed is no perma-bear, nonetheless he says we need a “credit event” to break the markets. Otherwise the “sh**show” will not end and stagflation will go on ad infinitum. [1]

You could call Jim Cramer a perma-bull. He is usually optimistic about stocks. On the other hand, Robert Kiyosaki is usually in the perma-bear camp. The “biggest bubble in history” will soon burst, he says. The upcoming major collapse will mimic the recession of 2008. [2]

Mark Spitznagel also says we are in the midst of the greatest credit bubble in human history. [3] (But Spitznagel might be a perma-bear.)

Still, calling someone a perma-bear or a perma-bull is ad hominem.

Another of these creative economic terms making the rounds is, “too many to fail”. This is in regard to smaller banks overexposed to commercial real estate. They are not “too big to fail” they are “too many to fail”.

Companies around the world are defaulting on their debt at the fastest pace since the global financial crisis, reports MarketWatch. The number of corporate defaults has climbed to 29 since the start of the year, the highest tally at this point in a year since 2009. [4]

Affecting both perma-bulls and perma-bears might be the Covid pandemic, but experts disagree whether it is still a pandemic. [5] There is an ‘Alarming’ rise in Americans with long Covid symptoms, reports The Guardian newspaper. An estimated 17.6 million Americans could now be living with long Covid. [6] But what exactly is long Covid? Some say it is an after-effect of the vaccines.

To wrap up for today, the Ides of March, remember these words from The Mamas and The Papas: The darkest hour is just before dawn.

——- Sources ——-
[1] “We Need a Credit Event. Here’s Why”, by Michael A. Gayed. Investor Place, March 14, 2024. https://investorplace.com/2024/03/we-need-a-credit-event-heres-why/
[2] “Robert Kiyosaki’s new bubble warning: Boomer generation is about to get nailed”, by Ana Zirojevic. Finbold, March 14, 2024. https://finbold.com/robert-kiyosakis-new-bubble-warning-boomer-generation-is-about-to-get-nailed/
[3] “Inflation Explanation”, Ersjdamoo’s Blog, March 14, 2024. https://ersjdamoo.wordpress.com/2024/03/14/inflation-explanation/
[4] “Corporate defaults are happening at fastest pace since financial crisis, according to S&P”, by Joseph Adinolfi. MarketWatch, March 14, 2024. https://www.marketwatch.com/story/corporate-defaults-are-happening-at-fastest-pace-since-financial-crisis-according-to-s-p-a2a096a6
[5] “Contradictions Abound”, Ersjdamoo’s Blog, March 12, 2024. https://ersjdamoo.wordpress.com/2024/03/12/contradictions-abound/
[6] “‘Alarming’ rise in Americans with long Covid symptoms”, by Melody Schreiber. The Guardian, March 15, 2024. https://www.theguardian.com/world/2024/mar/15/long-covid-symptoms-cdc

 

Inflation Explanation

Inflation comes for another pound of flesh

Surplus labor comes not only with mass migration but with Artificial Intelligence (AI). Human “labor and intelligence could be surplus to requirements in the mid-to-near future,” reports New Atlas. Multimodal AIs are “coming full speed for white-collar and creative jobs” as well as (through robotics) blue-collar jobs. [1] Politicians may think their jobs are safe, but recall how, in July 2023, Joe Biden admitted, “I am the AI.” [2]

Temporal (and spatial diffusion) waves in technological innovation does not work, observes author David Harvey. A surplus of capital tends to “rush frantically into the new technologies in a vast speculative wave…” The compounding rate of capital accumulation causes innovation waves such as AI to become faster, more compressed, and more speculative. [3]

A speculative wave appears to be powering the stock market at the moment. Investor Mark Spitznagel says expect further euphoria in the stock market before it tanks. Right now, we are in the late stage of a boom that’s approaching its bust, he said. “I continue to expect a blowoff, and then I expect a crash that will be the worst crash since 1929,” Spitznagel said. “And my simple reasoning for that is that we are witnessing the bursting of the greatest credit bubble in human history, and crashes are direct consequences of the bursting of credit bubbles.” [4]

The U.S. government borrows money via debt auctions. To keep rates at a certain level the “Federal” Reserve intervenes via “member banks” to purchase T-bills that nobody will buy unless higher interest is offered. Then the “Fed” magically creates new money to pay for the T-bills. That in turn increases the money supply, the dollar loses value, and things cost more. Paradoxically, the “Fed” also claims to be fighting inflation.

“US wholesale prices picked up in February in sign that inflation pressures remain elevated,” reports the Associated Press. “The Labor Department said Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.6% from January to February, up from a 0.3% rise the previous month.” [5]

An inflation explanation is offered by Professor Peter St Onge in the video hopefully viewable at the top of today’s blog entry. “On an annualized basis the CPI was up 5.4 percent in February”, up from 3.7 percent annualized in January, 2.8 in December, 1.9 in November, and just 0.9 percent annualized in October.

——- Sources ——-
[1] “Post-labor economics: Will capitalism work when the robots take over?”, by Loz Blain. New Atlas, March 8, 2024. https://newatlas.com/technology/post-labor-economics-shapiro/
[2] “‘I am the AI’ – Biden”, Russia Today (RT), July 22, 2023. https://on.rt.com/cfm7
[3] The Enigma of Capital, by David Harvey. Oxford University Press, 2011.
[4] “‘Black Swan’ fund manager Mark Spitznagel expects the stock market to rally further before we hit the ‘worst crash since 1929.'”, by Laila Malden. Business Insider (via Yahoo Finance), March 13, 2024. https://finance.yahoo.com/news/black-swan-fund-manager-mark-160002319.html
[5] “US wholesale prices picked up in February in sign that inflation pressures remain elevated”, by Christopher Rugaber. Associated Press (via Yahoo Finance), March 14, 2024. https://finance.yahoo.com/news/us-wholesale-prices-picked-february-124217277.html

 

Record 401K Hardship Withdrawals

Record 401K Hardship Withdrawals

Hardship withdrawals from 401K retirement accounts have hit a fresh record, says Professor Peter St Onge in the video hopefully viewable above. They are currently at 2 to 3 times the pre-pandemic rate. “At this point almost one in seven Americans with a 401K have a loan outstanding.” Primary reasons cited by St Onge were to avoid foreclosure and unpaid medical bills.

Federal law allows 401K holders to borrow up to half their retirement accounts for an immediate and heavy financial need.

Driving the withdrawals is, people cannot afford routine bills, says St Onge. “They’re squeezed between rising prices and falling real wages.”

People are going into debt at a record pace. Recent data found household debt hitting a record $17.5 trillion, according to St Onge.

U.S. national debt keeps expanding. How can that $34+ trillion ever be paid back? Dollar-denominated debt now competes with Bitcoin and the upcoming BRICS currency. “Billionaire and American hedge fund manager Bill Ackman acknowledged that the US dollar could be on the path of a decline, and Bitcoin or the new BRICS currency could pin the last nail in its coffin.” [1] Threats to the dollar are growing rapidly, says market analyst Gregory Mannarino. He perceives that the “Federal” Reserve is deliberately destroying the current system.

In Europe, investors are pushing for an EU-wide debt program that would bring them healthy profits while helping the bloc to increase military spending, Bloomberg has reported. The EU, with 23 out of its 27 member-states also being NATO members, is looking to give a boost to its defense industry. [2]

——- Sources ——-
[1] “BRICS: US Billionaire Says Bitcoin’s Rise Will Collapse US Dollar”, by Vinod Dsouza. WatcherGuru, March 11, 2024. https://watcher.guru/news/brics-us-billionaire-says-bitcoins-rise-will-collapse-us-dollar
[2] “Investors lobbying for EU military spending splurge – Bloomberg”, Russia Today (RT), March 12, 2024. https://on.rt.com/cqfx

 

Contradictions Abound

THE DOLLAR/CURRENCIES ARE BEING DESTROYED FASTER! AND THE WORLD ECONOMY. Mannarino

The “Federal” Reserve keeps rates high to “fight inflation”. Elsewhere, U.S. government debt expands now by about $1 trillion every hundred days. New money is thereby created, driving further inflation. So we get “a stall” in the valiant fight against inflation. “Inflation remains unusually high,” notices Jason Furman, Harvard economics professor. Forget “soft landing”. Forget any kind of landing at all. [1]

However Stephanie Pomboy of MacroMavens says, “Nay.” There will be a “hard landing” and US consumers are already in a recession. [2]

Was there a “hard landing” of the Covid pandemic or are we still in it? The experts don’t agree. Even Maria Van Kerkhove, director of epidemic and pandemic prevention and preparedness at the WHO, admitted that the issue is a “confusing” one. [3]

Recently, Pope Francis told Swiss broadcaster RSI that Kiev should have “the courage of the white flag” and begin talks with Moscow. [4] A “white flag” means surrender. “Save Lives and Surrender,” urged Ersjdamoo way back on March 3, 2022. [5]

Contradictions abound. Even March, which is supposed to “come in like a lion”, is behaving contradictorily. It’s still winter but the temperatures are around 70 degrees here in central Illinois.

Central banks are in “a race to the bottom to destroy the purchasing power of the currency,” says market analyst Gregory Mannarino in the video hopefully viewable at the top of today’s blog entry. From that you get inflation, since the dollar buys less.

——- Sources ——-
[1] “Consumer prices climbed 3.2% in February as 2% goal remains elusive”, by Rob Wile. NBC News (via Yahoo Finance), March 12, 2024. https://finance.yahoo.com/news/no-landing-8-consecutive-months-003116689.html
[2] “The economy averting a hard landing is ‘laughable,’ and companies are about to see a profit recession, economist says”, by Jennifer Sor. Business Insider, March 11, 2024. https://markets.businessinsider.com/news/stocks/recession-outlook-economy-hard-landing-fed-rate-cuts-stock-drop-2024-3
[3] “Experts Can’t Agree If We’re Still in a Pandemic”, by Jamie Ducharme. Time, March 11, 2024. https://time.com/6898943/is-covid-19-still-pandemic-2024/
[4] “NATO head rejects Pope’s ‘white flag’ appeal to Ukraine”, Russia Today (RT), March 12, 2024. https://on.rt.com/cqfq
[5] “Save Lives and Surrender”, Ersjdamoo’s Blog, March 3, 2022. https://ersjdamoo.wordpress.com/2022/03/03/save-lives-and-surrender/

 

Biden: “What, Me Worry?”

Alfred E Neuman – What, Me Worry ?

In the previous blog entry, Laura Magdalene Eisenhower, great-grandaughter of Dwight D. Eisenhower, offered her expertise on extra-terrestrials. [1] Double-checking the video on YouTube, it is found to have been published 9 months ago, so Laura Eisenhower’s information is somewhat current.

There are “worrying historical echoes”, reports Bloomberg, between now and past collapses of civilizations. Things become more complex and this hastens the process. [2]

Bank of America has reportedly issued a warning about a possible US dollar collapse. U.S. national debt growth is accelerating. “A decline in the US dollar allows BRICS to lead other developing countries into de-dollarization.” [3]

“What, me worry?” signifies Joe Biden. And Indian mystic Meher Baba (1894–1969) often used the expression “Don’t worry, be happy” when cabling his followers in the West. The expression was printed on inspirational cards and posters during the 1960s. In 1988 Bobby McFerrin’s song “Don’t worry, be happy” was a hit. The song was used in George H. W. Bush’s 1988 U.S. presidential election as Bush’s 1988 official presidential campaign song. In 2011, “Don’t Worry, Be Happy” was named as the worst song of all time by Village Voice critic Michael Musto, and it topped Q100 DJ Bert Weiss’s list of tracks he would forever ban from radio. [4]

Not only is U.S. debt being downgraded, but Americans’ credit scores are falling. That hasn’t happened in a decade. [5]

The FDIC has a confidential list of problem banks. The FDIC’s confidential list expanded throughout 2023. [6]

Silicon Valley Bank (SVB) collapsed a year ago this week. SVB’s killer – a disjointed system that is supposed to oversee, save or wind up U.S. banks “but in practice struggles to do any of the three – is still at large.” [7]

“The perfect trading set-up is unfolding. On one hand, stocks are pushing higher, and investor euphoria is abounding. On the other hand, multiple warning signs are popping up across the market.” Three traditionally defensive asset classes – long-term Treasuries, utility stocks, and gold – continue to move up in “harmony, and historically, this kind of movement has been a precursor to a broader market shift.” [8]

——- Sources ——-
[1] “Ike’s Great-Granddaughter Reveals Alien Agenda”, Ersjdamoo’s Blog, March 10, 2024. https://ersjdamoo.wordpress.com/2024/03/10/ikes-great-granddaughter-reveals-alien-agenda/
[2] “Is the World Close to Collapse? Ask the Bronze Age People”, by Andreas Kluth. Bloomberg, March 10, 2024. https://www.bloomberg.com/opinion/articles/2024-03-10/is-global-collapse-around-the-corner-ask-the-bronze-age-people
[3] “BRICS: Bank of America Issues Warning of a US Dollar Collapse”, by Vinod Dsouza. WatcherGuru, March 6, 2024. https://watcher.guru/news/brics-bank-of-america-issues-warning-of-us-dollar-collapse
[4] “Don’t Worry, Be Happy”, Wikipedia. Accessed March 11, 2024. https://en.wikipedia.org/wiki/Don%27t_Worry,_Be_Happy
[5] “Americans’ credit scores are falling. That hasn’t happened in a decade”, by Matt Egan. CNN (via Yahoo Finance), March 8, 2024. https://finance.yahoo.com/news/americans-credit-scores-falling-hasn-190533390.html
[6] “US Government’s ‘Problem Bank List’ Grew Again Last Quarter”, by Katanga Johnson. Bloomberg, March 7, 2024. https://www.bloomberg.com/news/articles/2024-03-07/fdic-says-problem-bank-list-grew-by-8-lenders-last-quarter
[7] “A year on, SVB’s killer is still at large”, by John Foley. Reuters, March 8, 2024. https://www.reuters.com/breakingviews/year-svbs-killer-is-still-large-2024-03-07/
[8] “Stock Market Crash Alert: A Perfect Setup for Panic Is Here”, by Michael A. Gayed. Investor Place, March 7, 2024. https://investorplace.com/2024/03/stock-market-crash-alert-a-perfect-setup-for-panic-is-here/

 

Ike’s Great-Granddaughter Reveals Alien Agenda

The Truth about ALIENS Laura Magdalene Eisenhower

Nadir Mura interviews Laura Magdalene Eisenhower, great-grandaughter of Dwight D. Eisenhower, in the video hopefully viewable above. Extra-terrestrials are real, she says, and they’ve been interacting with earth “since the very beginning.” There are also military operations able to engineer what look like aliens. There have been E.T./Government treaties, says Ike’s great-granddaughter.

(Recall from the previous blog entry how, around 1954, President Eisenhower may himself have come to an agreement with the visitors. [1])

There are breeding programs, multiple species with different agendas, and we have a link in our own genetics with extra-terrestrial races, she says.

Governments do not fully disclose their knowledge because some are committed to an agenda that humans would not support. Secrecy is needed in order to implement “certain things” in relation to the technology exchanges. A trans-humanism agenda is involved. There’s an AI (Artificial Intelligence) component, claims Laura Eisenhower, an agenda to enslave human consciousness.

(Sidebar: In the 1930s, the Nazis added fluoride to drinking water in prison camps “in a deliberate effort to sterilize and subdue prisoners into calm submission.” [2])

“There were laws put in place during the Eisenhower administration, right before he stepped into office that made this a top-secret issue,” she says. Some of the infiltrators do not have our best interests in mind. Thus the secrecy.

Technologies for free energy, reversal of aging and disease, and eliminating poverty are available but such positive developments are withheld, claims Laura Eisenhower, because of opposition from the control agendas.

The situation is complex because we are dealing with multiple extra-terrestrial races and agendas, as well as humans who have alliances with some of these agendas. “Disclosure cannot be contained anymore,” she says, but will such disclosure benefit humanity or will what gets disclosed compromise us further?

What did Dwight D. Eisenhower think about the aliens?, asks Nadir Mura. “I think he wanted to side with the benevolent ones and on some level he did,” says Ike’s great-granddaughter. “He wanted to work with Valiant Thor and the beams from Venus [but] that got shut down.”

Exchanges of ET technologies got out of control because of MJ-12 distancing Ike from the inner loop. He wanted to invade Area 51, she claims.

Treaties with the Greys are renewed every 10 years. President Eisenhower considered this to have been a surrender. “The treaties ended up being broken, and I feel that his speech about the military-industrial complex was [meant to] help us understand the rise of this dangerous power.”

——- Sources ——-
[1] “Everyone’s Gone To the Moon”, Ersjdamoo’s Blog, March 8, 2024. https://ersjdamoo.wordpress.com/2024/03/08/everyones-gone-to-the-moon/
[2] Conspiracies and Secret Societies, by Brad Steiger and Sherry Hansen Steiger. Third edition. Canton, MI: Visible Ink Press, 2023.

 

Everyone’s Gone To the Moon

Jonathan King Everyone’s Gone To The Moon

Stanley Ann Dunham, according to one “conspiracy theory”, worked on assignment for the Central Intelligence Agency (CIA). This gave her cachet to have her son, Barry Soetoro, accepted into a 1980 teleportation training program. Ten or so students were trained to teleport to Mars, which they did. U.S. facilities on Mars in the early 1980s were rudimentary but by now are well-established. Laura Magdalene Eisenhower, great-granddaughter of Dwight D. Eisenhower, has stated that in 2006 a government agent solicited her to travel to Mars but she declined the offer. As for the paterfamilias, Dwight D. Eisenhower wanted, circa 1954, to reveal the presence on earth of extra-terrestrials but was persuaded by secret government agencies not to do so. The aliens had disembarked from their spacecraft and met Eisenhower. He agreed to limited contact between humans and aliens.

In 2006, according to another “conspiracy theory”, KBR, subsidiary of Halliburton, contracted with Homeland Security to build detention camps for large numbers of people. “The ostensible reason was for holding an emergency influx of immigrants.”

Various “conspiracy theories” swirl around the late Jeffrey Epstein. How did Epstein move from being a math teacher to immense wealth? Was there a CIA connection? Alexander Acosta, a prosecuting attorney, claimed he had received “orders from above” to back off from the Epstein case. Said Acosta: “I was told Epstein ‘belonged to intelligence’ and to ‘leave it alone.'”

The alleged secret deal between Dwight D. Eisenhower and the extra-terrestrials may explain the wave of cattle mutilations. The aliens have dysfunctional digestive systems and need an enzyme, or hormonal secretion, found in the tongues and throats of cattle.

In the view of the Cathars, also known as the Albigensians, we live in a dualistic universe in which good and evil have equal strength. The battle is continuous. Jesus, in Matthew 13: 24-30, described our situation as having good seed mixed with bad seed (tares) sowed by an enemy. The tares for the present could not be uprooted lest the good seed also be uprooted. Not until “the harvest” could the tares be destroyed.

(Source: Conspiracies and Secret Societies, by Brad Steiger and Sherry Hansen Steiger. Third edition. Canton, MI: Visible Ink Press, 2023.)

 

Twenty Years Since “3/11”

The Great Crash Starting March 11th (Be Prepared)

Delinquency rates on credit card and auto loans have hit their highest point since the Great Recession. Since January 2021 grocery costs have increased 21%, people are paying 20% more on rent, and energy bills are 29% more expensive. [1]

U.S. layoff announcements rose 3% last month to the highest level in 11 months. Many of the job losses are attributed to Artificial Intelligence (AI) replacing human workers. [2]

The International Monetary Fund (IMF) warns that US lenders’ continued exposure to risk could spark a new financial crisis. “The high concentration of CRE [commercial real estate] exposures represents a serious risk to small and large banks amid economic uncertainty and higher interest rates,” the IMF said. [3]

Elite technical analyst Milton Berg says that stocks may be close to a final peak as speculation runs hot. Economic indicators are flashing red. “These perma bears who are looking for a 60% decline in the S&P, and they’ve been saying it all along, they may finally be right,” Berg said. [4]

Some are pinpointing March 11, 2024 as a key date. (Twenty years ago, on March 11, 2004 – 3/11 – the Madrid train bombings constituted the deadliest terrorist attack carried out in the history of Spain and the deadliest in Europe since 1988. The attacks were carried out by individuals who opposed Spanish involvement in the 2003 US-led invasion of Iraq. [5]) In the video hopefully viewable at the top of today’s blog entry, “Market Motion” reports that the Bank Term Funding Program (BTFP) ends on March 11th. Cash reserves at banks have been sharply reduced. The 3/11 end of BTFP means banks are going to see higher rates on what they themselves borrow, according to the video. That in turn will mean higher borrowing costs for ordinary people.

——- Sources ——-
[1] “The State of the Union is not strong”, by Taylor Budowich. The Washington Times, March 7, 2024. https://www.washingtontimes.com/news/2024/mar/7/state-union-not-strong/?utm_source=RSS_Feed&utm_medium=RSS
[2] “US layoffs reach highest since last March”, by Amina Niasse. Reuters (via Yahoo Finance), March 7, 2024. https://finance.yahoo.com/news/us-layoffs-reach-highest-since-124029651.html
[3] “IMF warns of new banking crisis year after Silicon Valley Bank collapse”, by Kyle Fitzgerald. NBusiness, March 5, 2024. https://www.thenationalnews.com/business/banking/2024/03/05/imf-warns-of-new-banking-crisis-year-after-silicon-valley-bank-collapse/
[4] “S&P 500 might crash 60%, a recession is looming, and speculation is rife, warns elite technical analyst Milton Berg”, by Theron Mohamed. Business Insider, March 6, 2024. https://markets.businessinsider.com/news/stocks/stock-market-outlook-crash-spx-berg-recession-speculation-nvidia-short-2024-3
[5] “2004 Madrid train bombings”, Wikipedia. Accessed March 7, 2024. https://en.wikipedia.org/wiki/2004_Madrid_train_bombings