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Michael Burry just exposed the US government for the worst scandal of all time. We’re talking about world war III, insider trading, government manipulation, and a multi-year inflationary crisis. People thought Burry went insane when he predicted the 2008 housing bubble. But the housing recession is like a baby compared to the monster that Burry sees right now. He’s either the smartest man in the room or the most delusional fund manager.
The Federal Reserve is lying. They were supposed to pull back tens of billions of dollars out of the economy starting on June 1st 2022, but they didn’t do so. That might sound like a bold claim to make, but it’s backed by unrefutable evidence. The Federal Reserve has to disclose all of its assets by law, which can be found on the New York Fed website. Starting on June 1st, the Fed claimed that they were going to sell $47.5 billion worth of securities per month. This selling includes $30 billion worth of Treasury bonds and $17.5 billion of mortgage backed securities. Michael Burry looked through the Fed’s website and noticed that they were not selling the amount that they claimed to be doing. Burry tweeted, “Drugs are hard to kick. Fed was supposed to sell $30B Treasuries and $17.5B Mortgage-Backed Securities per month starting June 1. Quantitative Tightening. During June mortgage backed securities holdings rose almost $3B. Treasury holdings fell less than $10B." So instead of selling $30 billion of treasury bonds or Treasuries in June, the Fed only sold less than $10 billion of treasuries. And instead of selling $17.5B of mortgage-backed securities, or MBS in short form, the Fed actually bought $3B worth of MBS. The Fed is deceiving everyone right in front of their faces. I’m currently recording this video in August, so let’s see if the Fed followed their plan in July 2022. On July 6th, the Fed’s holdings totalled at $8.364 trillion dollars. On August 3rd, the Fed’s holdings were worth $8.344 trillion dollars. That’s a $20 billion decrease, which is not the $47.5 billion decrease that the Fed was promising. I subtracted the two charts to find exactly which securities changed month over month Treasuries fell by a total of $27 billion instead of the promised decrease of $30 billion. MBS holdings actually increased by over $8 billion instead of the promised decrease of $17.5 billion. This is outright fraud by the Federal Reserve. They’re not cutting back at the rate that they promised. In addition to this, the US government is also concealing the fact that the economy is crashing. After the US economy appeared to be entering a recession, the White House changed the definition of a recession. A recession is generally defined as two consecutive quarters of negative GDP growth. The US GDP has declined for two quarters in a row, so we are currently in a recession. The White House does not want you to think that. The White House released a blog on July 21st describing a recession as a decline in the labor market, consumer and business spending, industrial production, and incomes. Burry knows this is ridiculous because the economy, which is tracked by the gross domestic product, is clearly declining. He tweeted that “The White House would like you to redefine a recession as one in which consumers are not borrowing on credit cards to pay for inflation, and neither is the labor force inadequate for the size of the economy. GDP out Thursday, not that there’s anything wrong with that." Burry is essentially saying that The White House is purposely deceiving you with the wrong statistics. The White House is claiming that inflation adjusted income, or real personal income, is an indicator of economic stability. Burry knows this is inaccurate because credit card debt is skyrocketing to pay for increasing prices. The other statistic that The White House pointed to was the unemployment rate, which is still quite low as of now. Michael Burry believes this is once again deceiving because less people are participating in the labor force. People have been leaving the labor force by retiring or simply not looking for jobs. The unemployment rate only counts those who are actively looking for jobs. This is seen in the labor force participation rate, which is signficantly lower than pre pandemic levels. The unemployment rate is calculated by taking the number of unemployed people and dividing it by the labor force. Because previously unemployed people are leaving the labor force, the unemployment rate is being artificially lowered. This is because subtracting a constant number on the numerator and denominator leads to a lower outcome. If we take the fraction ⅗ and subtract 2 on the numerator and denominator, the percentage goes from 60% to 33%.
For business inquiries, please email founders @casgainsmedia.com
Michael Burry just exposed the US government for the worst scandal of all time. We’re talking about world war III, insider trading, government manipulation, and a multi-year inflationary crisis. People thought Burry went insane when he predicted the 2008 housing bubble. But the housing recession is like a baby compared to the monster that Burry sees right now. He’s either the smartest man in the room or the most delusional fund manager.
The Federal Reserve is lying. They were supposed to pull back tens of billions of dollars out of the economy starting on June 1st 2022, but they didn’t do so. That might sound like a bold claim to make, but it’s backed by unrefutable evidence. The Federal Reserve has to disclose all of its assets by law, which can be found on the New York Fed website. Starting on June 1st, the Fed claimed that they were going to sell $47.5 billion worth of securities per month. This selling includes $30 billion worth of Treasury bonds and $17.5 billion of mortgage backed securities. Michael Burry looked through the Fed’s website and noticed that they were not selling the amount that they claimed to be doing. Burry tweeted, “Drugs are hard to kick. Fed was supposed to sell $30B Treasuries and $17.5B Mortgage-Backed Securities per month starting June 1. Quantitative Tightening. During June mortgage backed securities holdings rose almost $3B. Treasury holdings fell less than $10B." So instead of selling $30 billion of treasury bonds or Treasuries in June, the Fed only sold less than $10 billion of treasuries. And instead of selling $17.5B of mortgage-backed securities, or MBS in short form, the Fed actually bought $3B worth of MBS. The Fed is deceiving everyone right in front of their faces. I’m currently recording this video in August, so let’s see if the Fed followed their plan in July 2022. On July 6th, the Fed’s holdings totalled at $8.364 trillion dollars. On August 3rd, the Fed’s holdings were worth $8.344 trillion dollars. That’s a $20 billion decrease, which is not the $47.5 billion decrease that the Fed was promising. I subtracted the two charts to find exactly which securities changed month over month Treasuries fell by a total of $27 billion instead of the promised decrease of $30 billion. MBS holdings actually increased by over $8 billion instead of the promised decrease of $17.5 billion. This is outright fraud by the Federal Reserve. They’re not cutting back at the rate that they promised. In addition to this, the US government is also concealing the fact that the economy is crashing. After the US economy appeared to be entering a recession, the White House changed the definition of a recession. A recession is generally defined as two consecutive quarters of negative GDP growth. The US GDP has declined for two quarters in a row, so we are currently in a recession. The White House does not want you to think that. The White House released a blog on July 21st describing a recession as a decline in the labor market, consumer and business spending, industrial production, and incomes. Burry knows this is ridiculous because the economy, which is tracked by the gross domestic product, is clearly declining. He tweeted that “The White House would like you to redefine a recession as one in which consumers are not borrowing on credit cards to pay for inflation, and neither is the labor force inadequate for the size of the economy. GDP out Thursday, not that there’s anything wrong with that." Burry is essentially saying that The White House is purposely deceiving you with the wrong statistics. The White House is claiming that inflation adjusted income, or real personal income, is an indicator of economic stability. Burry knows this is inaccurate because credit card debt is skyrocketing to pay for increasing prices. The other statistic that The White House pointed to was the unemployment rate, which is still quite low as of now. Michael Burry believes this is once again deceiving because less people are participating in the labor force. People have been leaving the labor force by retiring or simply not looking for jobs. The unemployment rate only counts those who are actively looking for jobs. This is seen in the labor force participation rate, which is signficantly lower than pre pandemic levels. The unemployment rate is calculated by taking the number of unemployed people and dividing it by the labor force. Because previously unemployed people are leaving the labor force, the unemployment rate is being artificially lowered. This is because subtracting a constant number on the numerator and denominator leads to a lower outcome. If we take the fraction ⅗ and subtract 2 on the numerator and denominator, the percentage goes from 60% to 33%.
To Burry's point about Christmas in July…Best Buy actually advertised a literal "Black Friday in July" sale last month.
I’m honored to have this team around me in this hard time, thank you always supporting and helping me to get money easily, I really appreciate TOPZY….
I’m honored to have this team around me in this hard time, thank you always supporting and helping me to get money easily, I really appreciate TOPZY….
Why did you beep out 9-11?
Excellent report, eye opening!
You are a conspiracy theorists!
WTF 🙁
I'm conflicted about the way those videos are produced. The music and graphics choice are deliberately stress-inducing, and the analysis angle very biased. It feels a bit like a propaganda channel.
But the analysis on the specific tweets discussed seems accurate overall. And it's important to talk about China gearing up to steal Taiwanese territory.
We need more media coverage like this. Don’t know why people are so focused on Donald trump and tik tok when the world economy is collapsing and the federal government is trying to get as much money as they can before jumping ship
Why do you "beep" 9/11 at min 5.42?
You always are mostly a month or two behind the curve. Tight up…
The sad part is the FED answers to no one. It is out of the reach of any jurisdiction. So basically, only God can help us.
It's almost impossible for china to invade tivan.
This administration wants to collapse this economy and doing all it can before the Elections, this new bill is a scam to grab billions now before nov.
World war three is eminent. Its going to take that level of chaos in order to bring in the Order; the One world GOV, Religion, currency.
No matter what the Fed does the world economy is headed off a cliff.
The D.C regime is a criminal mafia, fraud is the norm with these enemy vermin, not the exception.
Just imagine if, every couple years, you would have to convince a total idiot to let you keep your job. If the “idiot” says you are fired, you immediately pack your stuff and are done. That’s what the government thinks, we are an idiot they have to convince to let them keep their jobs.
We could see a stock market like 1968-1978.
Basically a bearish megaphone pattern
Literally just those ten people objected to Pelosi's visit. The other 27 million Taiwanese all approved.
The political system is broken, the government is bent and are not looking after the people.
They are however acting in the interests of the oligarchs.
What we will see over the next 5 years is unimaginable and what we have seen over the last couple of years is bad enough.
Totalli not a false news chinese websitte.
cant wait for that 1mil sub vid. 😉 hope its juicy…
Dude you have so broad knowledge and understanding of the world I'm amazed, you are over-selling but you have good info, highly valuable content.
One name, Bernanke 2008. He claimed the economy was strong weeks before the market plummeted. Powell is just another puppet.
1. The Fed does not need to sell any set amount of assets. They are not required to, that is.
2. They never said they'd be selling. They were understood to just be letting bonds they held, reach their maturity.
3. Not decreasing their assets by some pre-announced amount does not amount to fraud. They just didn't do as much as they thought they'd need to do. That could easily end up going the other way, where they offload much more, much faster.
4. Politicians always cite the unemployment rate in favor of themselves. Doesn't matter what the number is. What matters is how they spin it.
5. Stop calling everything a potential World War. Global leaders aren't idiots like they were in the early 1900's. We have other means of inflicting damage to countries without ever using physical violence.
Exciting future
War is always inevitable for humans.
Wow what a revelation, thats like callin out the mob for organized crime
Interesting and good thoughts. The central banks with their monetary policies almost always try to influence the expectations of market actors, by sending certain signs (communications and market actions), while they are not fully transparent with their real intents (aka hiding them). From a certain perspective this can be called as a fraud. So, this is also a matter of definition (of what fraud is). Good video
Great stuff, commenting for the algo
Like this video BEFORE powerful people try to take it down!!