🇵🇸🇮🇱⚡- BREAKING: Israeli forces have captured the rest of the Morag Corridor, south Gaza Strip. Rafah has now been cut off from the rest of the Palestinian territory.

Israeli troops continued their advance from yesterday along the Morag Corridor, completely encircling the large towns of Tal as-Sultan, al-Adas and al-Bayuk.

War Finance | Zerohedge
"War cuts new financial channels"

Americans, Beijing, Washington and the Fed are reacting to developments in the trade war as they come. But these reactions are best understood as responses to an emerging world order, in particular one where the financial flows of the previous world order are, or soon will be, no longer reliable due to geopolitical fragmentation.

This sets the stage for Zoltan Pozsar's War Finance, which is already underway, to be fully realized.

War Finance includes but goes beyond the Fed's balance sheet policy (QE) and the Treasury's fiscal policy (stimulus) - it encompasses structural changes in how capital is allocated, how reserves are managed and when intervention in markets is due. Its focus is less on supporting a global financial empire and more about securing the onshore credit needs of private industry, be it semiconductor lithography, energy production or steel manufacturing.

In this regime, the lines between fiscal and monetary policy begin to blur. War Finance would call for the Fed and the Treasury to officially fuse into a single framework, where policy is most powerful, which was the case during World War II when the former explicitly supported the latter.

The US is not currently outfitted for War Finance, as fiscal and monetary policy continue to diverge due to obvious political differences, but the Trump administration clearly recognizes the necessity. It will take an implosion before both recognize with absolute clarity that the old paradigm can no longer be relied on, and with that implosion will follow better choreography, as it always does in a crisis.

- DeathTaxesandQE

@CIG_Telegram

📱 Smartphones and computers are China’s largest export to the United States…

Now exempt from tariffs.

🔗 Geiger_Capital

For weeks, the UK has been dealing with the crisis of young, White incel killers.

Why are left-wing people so affected by fiction, to the point of confusing it with reality? I argue it is actually something deeply rooted in leftist psychology:

https://keithwoods.pub/p/adolescence

🇨🇳 China reported 5 tonnes of gold purchases in February (160k oz per PBOC).

China actually bought 50 tonnes of gold in February (per GS)

🔗 zerohedge