{"id":62917,"date":"2022-06-17T07:45:30","date_gmt":"2022-06-17T12:45:30","guid":{"rendered":"https:\/\/olduvai.ca\/?p=62917"},"modified":"2022-06-17T07:45:30","modified_gmt":"2022-06-17T12:45:30","slug":"media-why-the-fed-raised-75-bps-and-how-to-break-the-davos-crowd","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=62917","title":{"rendered":"Media: Why the Fed Raised 75 bps and How to Break the Davos Crowd"},"content":{"rendered":"
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Media: Why the Fed Raised 75 bps and How to Break the Davos Crowd<\/a><\/h3>\n<\/header>\n
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I sat down for a long chat with my good friend Crypto Rich over the weekend and have just found the 20 minutes to post them here. We did a series of videos, Duran-style, on a number of topics. They are all below.<\/p>\n

With the Fed raising by 75 bps yesterday I have to believe we\u2019ve reached a major turning point in the War Against\u00a0Davos.<\/em>\u00a0The deflation of asset prices and, most especially the Eurodollar markets is putting many other, over-leveraged central banks on a path towards bankruptcy.<\/p>\n

There are a ton of moving parts, a lot of factions now warring against each other. When cartels break, the former members of the cartel always turn on each other. It was always going to be this way.\u00a0Davos<\/em>\u00a0turned on its allies in the US commercial banking sector and they fought back.<\/p>\n

Hard.<\/p>\n

Everything I wrote about in my last post \u2014 SOFR\/LIBOR spreads, US\/German 10 year Spreads, Lagarde\u2019s incompetence \u2014 were proven correct in the response yesterday by the markets to Powell\u2019s hawkishness.<\/p>\n

Davos\u00a0<\/em>has spent so long and so much money trying to convince us to \u2018abandon all hope\u2019 but it is they who now can do nothing but \u2018enter here\u2019 into our dragon\u2019s den of asset deflation. The adjustment will be biblical. It will be painful.<\/p>\n

And it didn\u2019t have to be this way, but the solipsism and arrogance of evil people who have always known power and feel entitled to wield it in perpetuity is boundless.<\/p>\n

Enjoy the rants and the wailing and gnashing of teeth by the very worst people in the world today.<\/p>\n

The links below are to the videos on Odysee<\/p>\n

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Part 1 of the main talk<\/a><\/h3>\n

Part 2 of the main talk<\/a><\/h3>\n

How to Break the Great Reset<\/a><\/h3>\n<\/figure>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Media: Why the Fed Raised 75 bps and How to Break the Davos Crowd I sat down for a long chat with my good friend Crypto Rich over the weekend and have just found the 20 minutes to post them here. We did a series of videos, Duran-style, on a number of topics. They are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5,6],"tags":[30641,9750,303,431,534,16963,839,3650],"class_list":["post-62917","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","category-liberty","tag-davos-crowd","tag-eurodollar","tag-fed","tag-interest-rates","tag-monetary-policy","tag-tom-luongo","tag-us-dollar","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62917"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62917\/revisions"}],"predecessor-version":[{"id":62918,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62917\/revisions\/62918"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}