MrRenev

Recent economic & geopolitic news

TVC:DJI   Dow Jones Industrial Average Index
1- African countries gain their independance
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Back in 2017, Ghana (30 million inhabitants west african country slighty bigger than the average US state) president almost made french president cry by rejecting his "charity" aid.
He does not want Europe or the USA to decide of their polities, and he would very much like the local economy to grow, and that the young stay in rather than rush to EU & NA to look for jobs.
Videos of this declaration have recently gone viral. In my opinion the coronavirus approach by the west has helped open africans eyes.


In both alarming and amusing recent news, the Tanzanian President, that was suspicious of the WHO (damn right!), played a dirty little trick on them:
He sent to them samples of a goat, a papaya & a pheasant. And not very surprisingly the WHO responded something along the lines of "Oh la la mon ami your 3 samples are all contaminated quick you must accept our help take this vaccine ( ͡° ͜ʖ ͡°)". Ok I made that sentence up, but they did say all 3 samples were positive.

There is a video of the president explaining the situation but he is speaking a local language I don't understand, I just got 2 words: "papaye" and "negatif".
He is laughing during this, that I understand too.
He kicked the WHO out of the country 👍 They haven't commented on the matter.
There is no conspiracy theory here: 1 of them HAS to be lying, OR there was a really big mistake.
A conspiracy theory would be something along the lines of "ultra capitalist-communist business focussed China has control of the WHO and are using it to continue their domination of Africa".

I have yet to see this mentionned in the mainstream media.
CNN has an article from 5 days ago reminding every how dangerous this virus was, and that Tanzania biggest city had an "extremely high risk" 😉
edition.cnn.com/2020...s-embassy/index.html


More about the charity scam, Ghana, and the refusal to continue to get scammed:


The charity scams keeps africans poor, miserable, eager to immigrate. Africans understand this now.
Conspiracy or not, the result is what it is.





2- US "special" forces 60 men invasion of Venezuela
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4 weeks ago Business Insider published an article written by an air force special ops lt col stating that the special forces were not elite, just special.

This aged great, because early in May a group of 60 led by ex "special" forces members tried to conquer Venezuela.
They played a whole lot of video games that's for sure.
They really put the "special" in "special" forces.

A couple of green berets figured out they had the skill and expertise it took to invade a south american country, collect Maduro, and fly back home to collect a 50 million dollars bounty.
They probably had alot of training, they were just missing a brain in the team.






The enormous stupidity that reaches new high is quite shocking.
What if I told you this is not the end. It gets better.


Trump has denied involvement, and obviously he tells the truth.
The US government would not organize something so bad.

Maduro trying to use this to gain support, same old, same old.
"My proud and numerous supporters stopped these evil men because they love me so much"

I don't know what the geopolitical consequences will be, but we learned a lesson:
Cut your losses.

Lmao they were probably going "never surrender never give up"
and "we are not quitters, in the face of adversity we adapt".
Absolute enormous morons.
Rarely heard anything so mind-bogglingly dumb.



3- The CFTC capitulates! Loosens position limits despite recent -$40 Oil
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The CFTC knows when to cut their losses.

Great team. Less than a week ago they warned us to be careful, Oil could go negative.
WOW! Thanks guys. Absolute great timing. Really useful call. Didn't know that!

The CFTC proposed a new rule doubling position limits in commodities including oil, natgas, gold, corn, soybeans. I'm not sure this is right, they are saying that the cap would only be in the last 3 days?
So they'd just give up entirely on holdings max.

Here is the whole article by the financial times:

www.ft.com/content/d...87-9be6-c5424b7aabd8

The CFTC’s new proposal won praise from hedge funds and investment managers in public comments submitted before a deadline last week.

They give more detail about the USO big sell, first time I see this.
"
On Tuesday, April 21, a day after absorbing $900m of fresh inflows, USO’s managers sold 91m barrels equivalent of June WTI futures, accounting for most of a 120m-barrel decline in the contract’s open interest.
"

USO kept buying into declining price (this is what their retail clients wanted), and then dumped a huge amount in a few days and completely crashed the price. Gosh. They must have lost soooo much money.


Retail investors really just throwing money into the fire. What a huge loss.



4- Half of Robinhood ACB Cannabis "Investors" had less than $7.50 in
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Hey, speaking of retail investors!


As soon as the reverse split happened, the number of bagholders on Robinhood dropped from over 1 million to 440,000!
This means that they didn't even have 12 shares. They didn't hold $7.50!!!
Maybe they bought at the top 10 shares at 10 bucks each, and held the bags at -90%?

Absolute gamblers. They're buying single $1-$5 shares like it's lottery tickets. Efficient market.

Now who are the masterminds aggressively buying and pumping the price?

I speculate, an educated guess, that the masterminds are previous bagholders that didn't have enough shares to make a new 1, and are now buying a new lottery tickets.
Plus this broke their "you don't loose when you don't sell rule", they quickly have to buy back to be able to continue holding a bag.

The people running the company took their money twice!

How many of these buyers know a huge amount of new shares were issued? ZERO! They have no clue!



5- Powell: US economy could drop 20-30%. Mainstreet: bullishness at ath
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So yeah, mainstreet again.

Sigh. Powell said that the current downturn is "not the great depression" but "just a downturn like in the 1930s" that would barely "last till late 2021".
He mentionned a 20-30% economic contraction, no biggie.


Let me screenshot the very top, notice it contracted in january, BEFORE the lockdowns.


It will all be blamed on coronachan, but it contracted before...
And alot of indicators were flashing signs earlier than this.
Oil, doctor copper, industrial production...

How will mainstreet react to this? You know how! By beeing super bullish!
People are unbelievably stupid. I don't understand. They must be doing it on purpose.
"Mind-bogglingly dumb".

On the site of the new york fed you can see that expectations for higher stock prices sky rocketed.
Ye I mean if enough money is printed it will go up, but that's not really higher prices.
I doubt this is what the average clown had in mind.

www.newyorkfed.org/microeconomics/sce

Haha the expectations of gov debt growth went mega turbo up. They were usually super low thought, for some reason... They kept going up for over 50 years and less than 10% thought they'd continue to go up...
Who are they asking this too? Hobos they picked off the street?

Hilarously, some perma bears, literally calling for the crash of the century for 20 years, started turning bullish 🤡



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