The Lightweight Brigade Charges Towards A “Mar-a-Lago Accord” At Starmergrad
“The charge of the lightweight brigade.” (Sir Keir Starmer)
Summary:
· Mr. Market has renamed “Mar-a-Lago Consensus” the “Mar-a-Lago Accord”.
· Mr. Market is rediscovering President Trump’s original plan for managed trade and FX rates.
· The discovery of the “Mar-a-Lago Accord” rhymes with the current Pre-Covid Vibe.
· Mr. Market has begun to hyperbolically discount the conversion of the US Marshall Fiscal Dominance Plan into the EU Martial Fiscal Dominance Plan.
· The conversion of the US Marshall Fiscal Dominance Plan into the EU Martial Fiscal Dominance Plan converts the US twin deficits into EU twin deficits.
· President Trump is “checking” the hypothetical limits of US Dollar debasement, and fiat currency inflation, that the Kentucky Federal Bank of Barbarous Relic has physically set.
· EU twin deficits are framed, by France, as the fiscal basis for a deeper European economic and political union.
· The EU twin deficit-financed European economic and political union will use the Modern Monetary Monopsony Theory (MMMT) process to create new assets that will replace the distressed assets on the insolvent ECB balance sheet.
· “Starmergeddon” has been advanced to contact, with “Starmergrad”, to distract observers’ attention away from the “UK Minsky Moment”.
· “Starmergeddon” discounted prices are attracting distressed investors, pre-UK bailout.
· Asia is pivoting from “Beggar Thy Supply Chain Defender” to “Beggar Thy Landlord”.
Extracts
· “Mar-a-Lago Consensus” is the fundamental global macro theme of the “Trump Trade” thesis.
· “Mar-a-Lago Consensus” prescribes sanctions first, followed by regime change second, to all those evil-doers who challenge the US Dollar’s Unipolar Global Reserve Currency status.
· “Mar-a-Lago Consensus” will transfer the global supply chain security cost from the US taxpayer to the global taxpayer/customer.
· “Mar-a-Lago Consensus” will boost the US economy and mitigate the cost of global supply chain security for nations that trade with the USA.
· The unipolar “Mar-a-Lago Consensus” reinforces the global energy security imperative, and aligns, with US Swing Producer status, to deliver a disinflationary global economic stimulus, exclusively, to America’s trade partners.
(Source: the Author, December 7th 2024)
· The Dollar-negative January, month-end, KeySignals are that the Fed should be easing and the ECB should have tightened rather than eased.
(Source: the Author, February 1st 2025)
· The UK Minsky Moment reveals the Devil’s Bargain between the insolvent Bank of England Governor and the insolvent UK Chancellor.
· The UK Devil’s Bargain was to trade central bank credible commitment, for fiscal rule-bending, to obfuscate mutual insolvency.
· The UK has the choice of a bailout by Trump or a bailout by the IMF.
(Source: the Author, February 15th 2025)
· Keir Starmer has chosen “Starmergrad”, as his Falklands, upon which to rebuild squandered political capital and/or “self-assist” die.
· President Trump may soon abandon “Starmergrad” and its encircled defenders.
(Source: the Author, November 30th 2024)
· The UK Election Petition is a referendum on the Global Blair Inc. Witch Project “Opus Day 26”.
· “Fiscally alliterate” TranStarmer is trying, and failing, to talk like Clement Attlee but walk like Margaret Thatcher.
· In seeking to overcompensate verbally, for capital destruction, “fiscally alliterate” Keir Starmer is becoming universally unpopular and unelectable with all British polity members.
· X marks the spot where Keir Starmer has located himself, and the UK economy, “between a BlackRock and a Hard Place”.
· X marks the spot, outside the UK banking system, that the Bank of England identifies as the financial crisis zone, “between a BlackRock and a Hard Place”, that Chancellor Reeves is “catalyzing”.
· The bits of X that the Bank of England will not bail out, BlackRock et al can buy with a central bank/taxpayer guarantee.
· “Farmageddon” is located “between a BlackRock and a Hard Place”.
(Source: the Author, November 30th 2024)
