CELENTE: Game's Rigged by Robber Barons Who Control U.S. Economy
We maintain our trend forecast that the equity markets will crash when the BANKS GO BUST
NOTE TO READERS: This Economic Update was found in this week’s Trends Journal. We are a 100 percent independent magazine that offers trend forecasts to help you be prepared for what happens next. Subscribe here. Please consider following our Substack here:
So here’s the deal, what is going on in the equity markets has nothing to do with the lives of the plantation workers of Slavelandia. The game is rigged by the Robber Barons who control America’s economy… from top to bottom.
Need proof?
How about this article in Monday’s Wall Street Journal:
Funds Depose Banks as Wall Street Kings
Giant investment companies are taking over the financial system.
Top firms control sums rivaling the economies of many large countries. They are pushing into new businesses, blurring the lines that define who does what on Wall Street and nudging once-dominant banks toward the sidelines.
Today, traditional and alternative asset managers control twice as many assets as U.S. banks, giving them increasing control over the purse strings of the U.S. economy.
The firms such as Blackstone, Franklin Templeton, BlackRock and KKR are becoming more complex and more similar to one another all at once. Investors said this creates risks markets have never encountered before.
Isn’t this nice? These companies are so big they’ve got more money in assets than the Banksters. WSJ notes data from the Federal Reserve and its analysis that private equity and hedge funds (i.e., Robber Barons) control $43.5 trillion… nearly double what the banks control. And the four biggest Robber Barons—“BlackRock, Fidelity, State Street and Vanguard—control about $26 trillion, equivalent to the entire annual U.S. economic output.”
Again, each week we keep reporting how the BIGS keep getting bigger.
Indeed, the WSJ notes that “The trend hit a fever pitch in January, when BlackRock struck a deal to buy Global Infrastructure Partners for $12.5 billion, the highest price ever for an alternative-asset manager, according to Dealogic.”
And, as the plantation workers of Slavelandia work longer, get deeper in debt, live paycheck-to-paycheck, can’t afford to buy a house, keep up with insurance rates skyrocketing etc., WSJ notes the BlackRock deal will “mint another six billionaires for the Forbes list.”
We note this not only to identify future trends of struggling plantation workers of Slavelandia, but to make clear who owns America’s economy and government: The Robber Barons.
And, when you see who owns what in the equity markets, it’s clear that they do not reflect the true state of the economy.
Need more proof?
On 2 April, WSJ reported that “BlackRock, Vanguard and State Street manage more than $23 trillion in total, with much of it in funds that passively mimic indexes such as the S&P 500.”
And “BlackRock and Vanguard each hold more than 10 percent of the shares at many banks, a threshold that normally determines whether an investor is assumed to have a controlling interest in a lender, while State Street also holds a number of sizable stakes,” according to the article.
Again, by the facts, the equity markets are a gamblers’ game for the Bigs, and do not accurately reflect the state of the economy since “much of it in funds that passively mimic indexes such as the S&P 500,” and as we report, America’s top 10 percent own some 94 percent of U.S. stocks.
As reported by Inequality.org:
“The U.S. stock market is where major wealth gains have been achieved. The estimated current valuation of the U.S. stock market is $46.2 trillion, according to Siblis Research. This value has tripled over the last 20 years. (In 2003, the total value was $14.2 trillion.) Based on this estimate, the richest 10 percent of U.S. households own roughly $42.7 trillion in stock market wealth, with the richest 1 percent owning $25 trillion. The bottom half of U.S. households own less than half a trillion dollars in stock market wealth.”
TREND FORECAST: We maintain our trend forecast that the equity markets will crash when the BANKS GO BUST … which we continue to greatly detail in this and previous Trends Journals.
The reality is there for all to see, but it is barely reported in the mainstream media and when it is, they downplay it.
Need more proof? This is an April 17th Reuters headline: US regional banks seen booking more commercial property losses, loan sales
After listing some data about the losses, at the end of the article they write: “Analysts, however, do not expect turmoil from the banking sector’s exposure to commercial real estate.”
They spelled it wrong. Not “analysts” but rather analists … people that are full of shit.
The facts are in the numbers: CBRE reports that the office vacancy rate in San Francisco is 36.2 percent. It was 3.6 percent in 2019, the year before the politicians launched the COVID War.
And the situation is national. According to CBRE forecasts, “the overall office vacancy rate will peak at 19.8 percent by year-end as below-average leasing activity persists, “and over 50 percent of those who responded to their survey “said they plan to further reduce their office space in 2024.”
How are the building owners going to pay off their debt? They won’t and the banks holding many of these loans will go bust… which will crash the equity markets and push the nation into Dragflation: declining economic growth and rising inflation.
Kastle Systems reports that the office occupancy rate in the U.S. is only 51 percent. Under their data, they have this line in bold: Americans have been living through a period of intense uncertainty since March 2020—struggling with an unprecedented pandemic and the economic distress it has caused.
No, not a pandemic! The World Health Organization called it a pandemic on 11 March 2020, two months after it was launched in China on their Lunar New Year, “The Year of the Rat” in January 2020 when the grand total of 4,291 people died … out of 8 billion. And since the launch of the COVID War, 99.94 percent of the world’s population survived.
The “distress” is more than just economic. It destroyed the lives and livelihoods of billions… as we have greatly detailed… and it will destroy the banking sector.
Blackrock's role is to buy up assets that might be valuable after they blow up the pie. They have so many chips that it is almost guaranteed to succeed. We are moving into the human/hybrid world and part of this transition is to rid those that are no longer useful, whomever the super computers have deemed that is.