Welcome To "Project Zimbabwe"

[wvwvw]

Welcome To "Project Zimbabwe"
Mon, 04/06/2020

Authored by Harris Kupperman via AdventuresInCapitalism.com,

Roughly a month ago on the afternoon of Sunday, March 8th, Fed Chairman Powell had an emergency staff meeting.

Powell: I want the nuttiest money printing plan ever. What action plans do we have that are prepared and ready to initiate?

Admin: Well, we have this one named “GFC 2.0”

Powell: Sounds tame and sedate. Won’t impress anyone.

Admin: What about this one named “Whatever It Takes”

Powell: Lemme look… Meh… I want more shock and awe. This needs at least two more zeros.

Admin: Well, we have this other one named “Project Zimbabwe” but it’s so ridiculous that the Fed would forever lose all credibility…

Powell: hmmm… I like the sound of “Project Zimbabwe.” Just makes you want to turn dollars into toasters and washing machines to preserve wealth. This one will force guys so far out on the risk curve that they’ll think crypto-coins are value investments.

Admin: Yeah, it’s absolutely Wuhan-bat-shit nutty. We’d be criminally insane to unleash this on a population that isn’t prepared for hyperinflation…

Powell: Perfect!! Let’s have a press conference.



A few hours later…

Powell: Mr. President, I finally took rates to zero and launched QE infinity. Can you stop trolling me on twitter already? I can’t take any more of my wife cracking jokes about your tweets.

Trump: Be a man. You got it easy. Wait until you see what I do to Biden. He puts the “Dem in Dementia” haha…

Powell: Please, no more nasty tweets. Even my kids laugh at me.

Trump: Fine, but you’re thinking too small with “Project Zimbabwe.” Figure out how to print more aggressively. Look at what Mnuchin is doing with all his bailout programs. He’s gonna blow $10 trillion by early summer, then try to double that by election time. You better crank up that printing press of yours. I’ll stop tweeting if you keep monetizing the “Mnuchin Money.”



Look, everyone knows the bull thesis for gold, so I won’t wade into the weeds here.

It was never a question of if, but of when. I’d say that if not now, then when?

With every government and Central Bank in full-on Weimar-mode, gold’s potential upside will surprise people, especially as mines shut down from COVID-19 and limit supply. The best part is that margin calls and liquidations have capped the gold price, giving investors one last chance to get in before the run. As people catch their breath and realize what’s happening with simultaneous monetary and fiscal stimulus, gold will be going higher.

Never has a trade been this well telegraphed by this many government officials in my lifetime. Do you have enough gold to survive “Project Zimbabwe”…???



Disclosure: Funds that I control are long gold. I personally own gold.

https://www.zerohedge.com/markets/we...oject-zimbabwe



bullet
22 minutes ago

I have 3 Zimbabwe bills framed above my desk... 50 tril... 20tril... 10tril... purchased on amazon for $11.95 a few years back...

people always ask if they are fake...

Manipuflation
19 minutes ago

I carry a 50 billion Yugo dinara in my wallet in case I need to have an economic discussion.

Erek
11 minutes ago

Reminds me of the story about the guy in Weimar Germany who took a wheelbarrow full of cash to the baker. The baker refused his cash but settled for the wheelbarrow.

tyberious
24 minutes ago

Posted Apr 6, 2020 by Martin Armstrong

https://www.armstrongeconomics.com/w...o-your-future/

Bill Gates is the single greatest threat to your future. His entire agenda is to outlaw all gatherings until you are vaccinated and chipped so they know you are vaccinated. This man is conspiring to take down Western culture. The Left has jumped on his band-wagon so rapidly, this is an unquestionable coup with the VERY SAME objective of the Global Warming he also has been pushing. We are in a very battle for our own freedom. He is wiping our economy and all jobs unless you accept his agenda.

[Bosniensis]