Great Reset Diaries, Jackson Hole Chapter: A Brave New Full Employment Definition

“Never have so many been manipulated, so much, by so few.” (Aldous Huxley)

Aug 17, 2024

Summary:

· An empirical trend, towards a new definition of full employment, has been established by the Philly Fed.

· An audible trend, towards debate of a new definition of full employment, at Jackson Hole, in the context of the Fed’s financial stability policy “Third Mandate”, has been established by Spokesman Goolsbee.

· At Jackson Hole, Chairman Powell will not explain that the insolvent Federal Reserve has to cut interest rates, in order, to become a solvent asset of the Federal Government.

· A new definition of full employment is a segue to increased (UN?) “controlled” migration.

· Unintended consequences, of immigration, in Canada are being framed as the basis for (UN?) “controlled” migration”.

· The “Ungoverned Kingdom” (UK) is the “in Main-Street-ro” experiment for the in vitro full employment definition//immigration dialectic.

· “Grim (Reaper)Labour’s Fiscal Euthanasia” strength, is de facto Replacement Theory, through the joy of political genocide.

· “Grim (Reaper) Labour’s Cheka” confiscates pensioners’ wealth to transfer to public sector foot soldiers.

· “Grim (Reaper) Labour’s Cheka” confiscates pensioners’ wealth to fund public sector capital investment.

· The “Grim Reever” does not understand that you cannot confiscate an actuarial deficit by pretending it is hypothecated national wealth.

· When the “Grim Reever” realizes she cannot confiscate a deficit, she will oblige the Bank of England to monetize it.

· An obliging Bank of England will monetize the Ungovernable Kingdom (UK) into the “Weimar Ungovernable Kingdom” (WUK) rather than the “Woke Kingdom” (WK) status quo.

· The “Weimar Ungovernable Kingdom” (WUK) is the hyperinflationary gateway to “Far Right Reform”.

· “Grim (Reaper) Labour’s Fiscal Euthanasia” appears to be United Nations (UN) compliant.

· The taking back of the streets, in the Ungovernable Kingdom (UK), via retaking social media, is, suspiciously, coincident, and compliant, with the recently released United Nations’ (UN) timeline on cyberterrorism that ratifies it.

· The EU and Interpol can also, un-coincidentally, take back its streets via the same UN protocols as the Ungoverned Kingdom (UK), on the same timeline.

Extracts

(Source: the Author, October 22^nd 2023)

(Source: philadelphiafed, caption by the Author)

(Source: Bloomberg, caption and editing by the Author)

(Source: Bloomberg, caption by the Author)

(Source: Bloomberg, editing by the Author)

·       Central Bank insolvency is aligning with fiscal insolvency at a rapid pace in the global economy.
·       The alignment of central bank and fiscal insolvency promotes the exclusive interest in financial stability policy.
·       The interest in financial stability policy will enable the application of Modern Monetary Monopsony Theory (MMMT).
(Source: the Author, October 1^st 2022)

· “Grim Labour” has prioritized re-election over the Ungovernable Kingdom’s (UK’s) economic growth problems.
· “Grim Labour” will sustain its current finances, and pre-next-election fiscal stimulus, with a policy of Fiscal Euthanasia (FE).
(Source: the Author, August 3^rd 2024)

(Source: independent, caption by the Author)

(Source: FT, caption, and editing by the Author)

(Source: professionalpensions, caption by the Author)

(Source: theconversation, caption by the Author)

(Source: terenceeden, caption and editing by the Author)

·       The “Ungoverned Kingdom” (UK) is “Ungovernable”, and “Uninvestable”, nationally and locally.
·       Fiscal austerity, at the national and regional level, in the “Ungoverned Kingdom” (UK), is politically unacceptable in a general election situation.
·       Politically unacceptable fiscal austerity, in the “Ungoverned Kingdom” (UK), will lead to the acceptance that the “Ungoverned Kingdom” (UK), structurally, “turned Japanese”, last year, when Lizzo had a go at “Kwasinomics”.
·       Since the systemically important, and insolvent, UK banks are effectively nationalized, the next financial crisis will hit the NBFIs.
·       Deputy Hauser, of the insolvent Bank of England, is preparing the precedent for Modern Monetary Monopsony Theory (MMMT) to bail out the insolvent NBFIs.
(Source: the Author, October 7^th 2023)

(Source: telegraph, caption by the Author)

· “Grim Labour’s” fiat “Orwellian” smart governance system, and de jure “Automatic Release” is de facto Burgess’s Clockwork Orange in practice.
(Source: the Author, August 3^rd 2024)

·       The “Ungovernable Kingdom” (UK) is becoming the, anticipated, “failed state of scale, larger than Ukraine”, aka the “Hard Place”, required for the next global phase of fiscal and monetary policy expansion”.
·       The “Starmergeddon” headwind is a tailwind for Tony Blair’s “Britain Project”.
·       The “Starmergeddon” headwind is a tailwind for Tony Blair’s, and Jamie Dimon’s “Global Blair Inc. Witch Project”.
·       The “Britain Project” will take back the streets, of the UK, by India taking back the Asian streets from China.
·       “Starmergeddon” and “Biden’s Last Dance” are the opportunity for the “Masters of the Asset Class Universe LLP” to finance, and execute, the bicameral reset of the “Special Relationship”.
·       The new Special Relationship appears to be located “between a BlackRock and a Hard Place”.
·       The Managing Partners of the bicameral reset of the “Special Relationship” are asymmetrically hedged for Harris or Trump.
·       The Managing Partners of the bicameral reset, of the “Special Relationship”, are also hedged for “Starmergeddon” with Blair’s “Britain Project”.
(Source: the Author, August 10^th 2024)

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