JPMorgan Fooled-Sees Commodity Supercycle 210217
February 17, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 2/17/21
JPMorgan has been fooled by U.S. Government accounting fraud!
JPMorgan has been fooled just like most of Planet Earth! JPMorgan is predicting a years-long supercycle in commodities that is being caused by U.S. Government accounting fraud!
The corrupt U.S. Government is in the process of printing an infinite amount of counterfeit money, so far $159.4 Trillion, so Americans can pay more and more for commodities!
JPMorgan Says Commodities May Have Just Begun a New Supercycle
By Gerson Freitas Jr
February 10, 2021, 5:16 PM CST
With agricultural prices soaring, metal prices hitting the highest in years and oil well above $50 a barrel, JPMorgan Chase & Co. is calling it: Commodities appear to have begun a new supercycle of years-long gains.
A long-term boom across the commodities complex appears likely with Wall Street betting on a strong economic recovery from the pandemic and hedging against inflation, JPMorgan analysts led by Marko Kolanovic said in a report on Wednesday. Prices may also jump as an “unintended consequence” of the fight against climate change, which threatens to constrain oil supplies while boosting demand for metals needed to build renewable energy infrastructure, batteries and electric vehicles, the bank said.
The corrupt U.S. Government is in the process of printing an infinite amount of counterfeit money so Americans can pay an ever-increasing price for everything including commodities (See America-“Cradle of Corruption”)!
The corrupt U.S. Government is committing a fiscal and accounting fraud, by not using proper accrual accounting, that is fraudulently borrowing counterfeit money, I call it imaginary-counterfeit money, from the future Americans and giving it to the U.S. upper class!
The corrupt U.S. Government has already fraudulently borrowed $159.4 Trillion from the future Americans and given it to the U.S. upper class and is borrowing another $34.6 Billion more every day with GAAP basis deficit spending (GAAP Deficit in FY2021 = $12.63T/365 days = $34.6B/day)!
Commodity prices will fall precipitously when this U.S. Government fiscal and accounting fraud is exposed and the imaginary-countefeit money produced by this accounting fraud evaporates!
The following commentaries explain this fiscal and accounting fraud that I call USAPonzi!
USAPonzi-The Great American Fraud
Whistleblower Letter #3 to U.S. General Public
Whistleblower Letter #6 to Congress
The devastating impact of this accounting fraud on Planet Earth is summarized in my Oct 1, 2020 commentary.
Quintet of Global Crises (Economy, Climate, Health, Hunger, Depression)
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|Total National Assets
Source: www.usdebtclock.org February 17, 2021
The current fiscal policy of the corrupt U.S. Government, I call it USAPonzi, is Destroying Planet Earth!
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can also be downloaded from my www.usaponzi.net website.
John W. White