S o T o S p e a k | Ep. 396 | Biggest Bank Bailout Ever

bank bailout trump covid 19 corona trump money printer goes brrrr

I wish I had been wrong about this one.

Congress has apparently mustered bi-partisan support for what will be the largest bank bailout bill in American history. The worst part? The bill is a Trojan horse for a laundry list of other shit that has absolutely nothing to do with the pandemic or the coming depression.

Details are still emerging, thus we’re still not sure how bad this will fuck future generations of American taxpayers. But hey — at least we get a little bit of our own money back so we can make it through the next five seconds!

…though I guess I probably shouldn’t assume that the only beneficiaries of this bailout will be net taxpayers. For net taxpayers, it’ll be like taking money out of one pocket (or one of their kids’ pockets) and putting less of it in another. For everyone else, it’s like winning the lottery.

Which is why this type of intervention is a huge, dysgenic moral hazard. Rapidly consuming our resources while destroying our ability to allocate those resource can only end in disaster under the BEST of conditions. Dragging the unborn into it through national debt and punishing their future productivity through progressive taxation?

We are going to have a Soviet-scale crisis on our hands.

In related news, the “digital dollar” provision of the bill was removed but has apparently re-emerged in an independent Senate proposal. I’ve got all the latest!

This is EPISODE 396 of So to Speak w/ Jared Howe!

 

 

S o T o S p e a k | Ep. 395 | Fully Digitized GloboHomo Communism

wu flu bailout nancy pelosi digital dollar corona chan federal reserve

It’s official.

The Deep State Globalist Elite want to ban cash.

I predicted thith!!!

Senate Democrats voted down what would have been anuddah bailout yesterday because it didn’t do nearly enough to satisfy their appetite for money printing.

Nancy Pelosi then proposed an alternative 1100 page bill in the House that would literally replace cash with a “digital dollar” issued by the Federal Reserve through digital wallets that are likewise maintained by the Federal Reserve on behalf of “U.S. Persons”.

Her reasoning?

She says it’s because poor people don’t have bank accounts and therefore won’t be able to cash checks. I’m sure she will also eventually cite the potential for cash to spread the coronavirus, if she hasn’t already.

The real reason?

Inflation and bank runs are coming.

Regular listeners of this show knew to expect this well before the coronavirus was a garnish in some Chinese guy’s soup, but we’ll be doing a bit of a deep dive anyway for the uninitiated.

This is EPISODE 395 of So to Speak w/ Jared Howe!

Edit: The Fed’s ETF purchases are in the BOND market; not the stock market. The bond market is actually three times larger than the stock market.

S o T o S p e a k | Ep. 394 | Muh Stimulus

corona chan wu flu holocough mnuchin cantwell trump

Steve Mnuchin is counting on the generosity of your children’s children.

And by “generosity”, I mean strict obedience to the tax code.

After all, SOMEONE will have to repay the national debt into which future generations will invariably be born as a result of his proposed bailout of the entire national economy. Any check from the government you get today is going to be repaid at gunpoint by your kids tomorrow.

Bet on it.

While financiers were furiously rubbing their hands and salivating over the prospect of feasting on the blood money of the unborn this weekend, I had a chance to catch up with political prisoner Christopher Cantwell regarding his thoughts on the crisis.

I’ll also be covering the latest news from the financial side of the Holocough and getting into a letter from a listener regarding Curt Doolittle’s Propertarian “solution” to the crisis (spoiler alert: it’s almost exactly the same as Steve Mnuchin’s).

This is EPISODE 394 of So to Speak w/ Jared Howe!

S o T o S p e a k | Ep. 393 | Bailouts Stop the Holocough

coronachan wu flu money printer goes brrrrr

A potential cure for Wu Flu has been found:

Print more money.

According to Bank of America, “salvation” will come from “aggressive action”, and “there should be no upper bound for the size of stimulus.” In other words… We can get through this if we destroy the money supply, bail out the banks, and sacrifice the unborn on the altar of transgenerational debt.

Buy the derrrrrp! Crisis averted!

Most of Washington emphatically agrees. When your only tool is a money printer, every problem starts to look like a credit crunch.

We’re also going to be discussing the potential impact on the housing and labor markets, and what that might mean for Millennials and Zoomers.

This is EPISODE 393 of So to Speak w/ Jared Howe!

S o T o S p e a k | Ep. 392 | The Totalitarian Tip Toe

wu flu, corona chan, covid19, david icke

David Icke sure does use a lot of dog whistles:

The Silicon Valley crazies. The one percent. The globalists. The global elite. The small group at the top of the pyramid. The cult in charge of the word. The technocrats. The reptilian shapeshifters.

Don’t worry, David.  We’re reading you loud and clear (wink wink).

Though certainly more eccentric than a lot of other pundits, David Icke is among the few who have been warning for decades about the rise of the surveillance state and the coming cashless society. It may have taken the better part of thirty years for his prognostications to pan out but it’s starting to look as though he may be vindicated in the wake of Wu Flu.

Others have echoed his predictions: Ron Paul, Peter Schiff, Alex Jones, Stefan Molyneux — to name a few. Unfortunately, these warnings fell on deaf ears due to the fact that everyone sees themselves as a potential beneficiary of the money printer going brrrrrrrr.

No one wants to be the one to end the Fed’s cocaine party.

The reality of physical scarcity will set in soon enough, as we are already starting to see. We’ll be covering all the latest details.

This is EPISODE 392 of So to Speak w/ Jared Howe!