ETF Products and Incompetent Fed

Last year (2019), before there was any news of "COVID-19" some large real estate funds in the UK has to stop withdraws.  Most of this was continued spillover going back to Britain's Exit from the EU which has been a slow train wreck for the commercial property market now for years.  These halts on withdraws started a conversation about the elephant in the room: ETF's in the US that hold long dated corporate debt of all kinds yet advertise themselves as "liquid".  Well so much for that.  Not only is advertising "liquid" totally misleading and should be illegal outright. Many found out that in reality these products should not be in existence at all. Yet they are and now the Fed is endorsing these misleading funds that should be banned.

ETF products are as the acronym states: Exchange Traded Funds.  Now, why on earth would the SEC have ever allowed, especially after the lessons learned during the last financial crises in the Money Market Industry (where those idiots managing money market accounts were buying long dated securities that became illiquid during the "crises") ETF's that hold long dated securities to advertise themselves as "liquid"?  The Money Markets had to be bailed out even though the Money Market Industry was SPECIFICALLY NOT INSURED and was clearly stated as so.  But then WTF?  Every Tom, Dick and Harry back then could get a quick banking license so they could put the US Taxpayer and the Fed on the hook for their survival... I could go on about that BS but you all know that history.

Here today we have an entire "industry" run by the largest "grey" banking organizations in the US, uninsured, speculating, monoliths. They are uninsured custodians to Trillions of Dollars.  They create ETF products, many of which "invest" or buy long dated debt with short term money given tho them by "investors" who want access to markets they have no business being into in the first place. These criminals, I mean grey monoliths, claim (and pay lots of money to PR organizations that promote them) to show, they "provide liquidity" to an industry that previously was not traded on exchanges at all. Yea, well when the market is expanding / rising and money is flowing in they rake in huge profits and grow their ETF's exponentially. Then when people want to "sell" these supposedly "liquid" Funds during a market correction, they cry "liquidity crises" and run to the Fed.  WTF?  And the Fed has been all to accommodating for OVER 10 YEARS NOW to these idiots.  The Fed IS the entire credit market now.  I don't give a damn if they are buying fractions or just a billion here and there, it adds up to tens of billions of "created" dollars chasing otherwise illiquid "assets" where the money simply flows to the only "liquid" place left in the ENTIRE UNIVERSE of our supposedly capitalistic "markets", the stock market.  Buying ETF products by the Fed is a crime against the American People, Period.  They are buying these "products" with money given them by the Criminal Assh)L@ running the Treasury right now and the dweebs who shut down the country and created the bill that allocated the money in the first place.  But that is another topic of discussion.

How these ETF products can continue to perpetuate in the market is beyond belief.  They should be frozen to new investors and be wound down immediately then closed and no "fund" or "money market" or any other "product" should every be allowed to exist that advertises itself as liquid when everybody in the damn universe knows this is not the case.  In addition, the Fed needs to stop buying indiscriminately any and all credit products in the name of "providing liquidity" again!  The Market is a Market and "liquidity" has been stressed for some time now DUE TO THE FED's distorting crises based policies that have continued for over 10 years that CREATED an environment that so encouraged leverage that without a complete and total "reset" of the entire financial system, we are in serious trouble of the likes that humanity has never seen.

Wake Up America?

I was recently referred to this article in an email.  It's by Gates, Bill Gates, the one we all know.  It seems it's been floating around and referred to by quite a number of publications.

Gates IS the anti-Christ right now.  He is THE DEFINITION of the problem we are in.  He is 15% of WHO budget and 85% of it's mouthpiece. He is the mouthpiece of the billionaires and his foundation has the influence of a nation.  He is one of the most frightening people alive!

 

This is the biggest piece of PR I have ever seen coming from Gates.  He knows he is the MAN NUMBER ONE in the drive to shut down the world and this is his "excuse / justification" letter to the world to cover his ass.   I don't even have to pick it apart as I intended.  I can see it for what it is.

I was in Asia for 6 months from August to March.  The Chinese and other parts of  SE Asia were fighting a pig pandemic, bird pandemic and then a people pandemic.  The pig and bird ones were extremely deadly on those populations. There were quarantines all over Asia and Millions of pigs were killed in China and other countries.  It was a huge disaster (and still is).  In the Philippines there were restrictions on travel, transport etc on pigs.  Huge!  They were lucky the bird diseases were not present.  

Where is Gates in recognizing these pandemics?  Are they not relevant? Do these pandemics that massively affect food supply and need huge investment by governments to track them, cull massive herds of animals and quarantine entire regions and countries to control these pandemics not instructive of what needs to be done? Are they not exactly what we should be focused on and learning from?  Why does he not even discuss what we have learned from these other animal diseases?  OMG I am just fuming right now.

He is defending himself to the hilt in this letter!  Reading it is like a summary.  It is a waste of time.  Sorry I have been reading alot about this virus and associated situations around the world and trust me, this virus is not anything like what he is talking about.  Ebola, yea, MERS, yea, the earlier version of SARS, yea, HIV, yea... This NO WAY.  They missed it.  Sorry, this was a huge mistake and he is trying to justify his panic and destruction of the global economy.

Sorry, I know enough about many of our self important billionaires and they don't often have the common sense of a doorknob. The amount of influence in the US government by billionaires and their think tanks are a direct example of how completely dysfunctional a nation can be when these idiots run it.  I don't give a damn how many billions he made by accident, luck, the network effect or whatever you want to call it.  That does not give him the right to shut down the world.  He is in his bubble and he has been instrumental in derailing the progress of 40 years of efforts by every international organization on the planet to reduce poverty.  Even though many of those efforts are blatantly fraudulent, self serving, useless and downright detrimental to the people they are supposed to serve, at least with half a century of offshoring our dirty industrial production we have managed to lift a couple billion people out of poverty (while keeping our own stagnant at best). Though with the global population exploding over that time the absolute numbers from a practical standpoint are still precarious at best.  Where is Gates in recognizing how badly he has f&*%ed things up?  There is NO RECOVERING from what he has done for tens of millions if not billions of people who tomorrow are starving, relying on menial handouts from their governments to survive! 

You know what kills more people in the world then all disease put together?  Poverty. What has Gates done?  Think about it.  More people in the Philippines will die from ulcers this year then this stupid virus.  You know why?  They are to poor to afford the medicines produced by the multinationals that have been pumping out the same medicines for years and continue to increase the prices every damn year no matter how long the technology has been around or how cheaply they can be produced.  It is about profit.  Where is Gates on talking about this?  He is in bed with big Pharma.  He is one evil billionaire bastard who we would be better off if he would just go self-quarantine for the next 10 years!  

The Medical Industrial Complex of America is near 20% of our GDP. This is up from 5% 50 years ago.  How is this even possible?  We are the most medicated people on the planet by a factor of 5x or more.  We pay 4-10x what other nations do for every damn thing we get in return for our money in medical care and there are NO statistics that show we are better for it! In fact with the opioid epidemic of the last 20 years (70,000 dead a year) we have metrics that have worsened.  Add the fact we are the guinea pigs of the world to the Industrial Agricultural Complex with the horrible health effects to show for it (digestive issues are a virtual epidemic here, along with preventable diabetes, hypertension etc.) and we are arguably the sickest population of any industrial world as well.  

Then what do you see on Mass Media?  Glorification of medical workers.  NO MENTION that its THE Medical Industrial Complex that bankrupts more people in the country then any other source, that steals billions form taxpayers by overcharging for these absolutely ridiculously useless "health plans" under the "Government Health Plans" that are nothing but massive middle man HMO's that rake billions out of the system and fuel huge profits. The billionaire CEO's, the massive buy backs, the idiots that run the FTC allowing mergers for years to the point there are just a few companies left that manage and run everything from wholesale drug sales, retail drug sales, insurance, health maintenance organizations, corporate health plans, actual medical services and hospitals; all integrated into giant oligopoly companies!  These firms will not even do business where they can't guarantee huge profits, they just walk!  Add big pharma..Don't even get me started there!  And these IDIOTS could not handle this virus!

Why has NOT ONE "reporter" called out the industry on this?  Why do you see nothing on this?  Cause the billionaires in the Medical Industrial Complex are HUGE advertisers for the oligopoly media and huge financiers of our politicians and there is NO WAY in hell either will embarrass the industry that feeds them.  Instead there are millions of dollars in PR money to fog the public and give them another round of "hero" BS to cheer on... Look back just over the last 20 years... 9/11, solders are heroes and Military Industrial Complex gets a "blank check" to invade everywhere and anywhere to "kill them terrorists"  What do we have now?  $11 trillion in debt directly attributable to their adventures around the world, drones killing indiscriminately, thousands of dead and maimed Americans and tens of thousands dead everywhere we went, almost all of that money spent killing people that literally live in mud huts!! And nobody calls them out!!! NOBODY! Then financial crises... Do we get angry and go after the criminals?  No!  Millions of dollars in PR money go in to a global campaign to glorify entrepreneurs and I could go on for pages about that distraction... Now we have this latest shit show and the PR that deflects again... Where will this BS end. When will people wake the f&%k up? 

Where is Gates in making all this obvious?  Why is the same government that says government involvement in health care is socialist taking over the procurement of necessary medical supplies?  Why are they granting billions to the industry that is stealing the life out of our people and economy and bankrupting our nation?  All this is so f&*$ed up I cannot even fathom putting it all in here!

So yea, the letter is informational and right between the lines of EXACTLY how "educated" people should be thinking (being distracted) about this shit show Gates has put on the planet cause you sure don't want people really thinking about what the f&%k is going on cause they might get right out of their chairs and away from their tiny little screens and start some kind of revolution!