Repo Madness

Is the covid ‘pandemic’ merely economic theatre?

Anonymous rhetorically asks on The Burning Platform: is the CoVid pandemic merely economy theatre? (https://www.theburningplatform.com/2021/01/23/the-real-reason-for-the-lock-downs-prevent-worldwide-financial-anarchy/#more-232514).

He suggests the USD collapse began weeks before “Operation Shutdown” which was halted by a world wide manufactured economic “freeze”.

What’s the evidence?

Well, for starters, Anonymous points to the Fed “pouring literally trillions of dollars into the US banks to prevent inter-lending bank-runs which were starting to develop.” Let’s check the tape.

Uhhh, yeah, looks like trillions and, yeah, coincides with the early days of the pandemic. And, yeah, similar pattern to the 2008 crisis though on a much greater and sharper scale.

Back the days when Lehman froze up interbank leaning, banks became so distrustful of each other’s solvency, that they massively increased interest rates to each other to factor in the risk. Happened in the Panic of 2007, too.

Anonymous: In September 2019 the Fed intervened in the repo. markets for four consecutive days, pumping $75 billion per day into the banks, as the inter-banking interest rate – the repo rate – peaked at a terrifying 10% [1]. If this level were allowed to contaminate regular highstreet lending, it would cause widespread debt defaults & insolvencies.

How much all in? Over $9 trillion beginning September 2019, and over 40% of the USA’s GDP, prior to Covid – nearly a 40% increase in the USA’s national debt!

And the dollar debasement? Well, judge for yourself.

Fortunate for the Fed, the external ‘event’ – CoVid/CCP Virus – happened along to take the spotlight off US finance and its woes.

Anonymous argues this what ‘The Great Reset’ really is about.

Along with the ‘flight to (dollar) safety’, Covid has offered the opportunity to freeze the USA’s banking collapse with massive injections of cash. $9 trillions was available to US banks up until March 2020, but in addition to this the Fed produced $5 trillion in economic stimulus to the wider economy and a further 5 trillions recently.

From renting taxis with Uber, replacing hotels with flats from AirBNB, ordering meals via UberEats, holding meetings on zoom, spending ‘cash free’ via Visa, MasterCard & the Paypal cartel, ordering food on-line with Uber eats and destroying local culture are all being forced on a gullible world public during the Covid selective collapse. It should be dawning on everyone by now that Covid is a very, very Neoliberal Corporate virus, strangely working in the interests of a continued US Corporate neoliberal rollout against our own national geopolitical interests.

It is not only the Corporates that benefit from US ‘operations’ like Covid, the security state also demands their share of the spoils for assisting in and facilitating much of the operation. US tracking apps, social media and communication platforms are being forced, as a parasitical middle man, into every walk of our lives, taking a thin slice off everyday activities, like an America tax.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: