On September 30, 2020, I wrote an article for @CFASocietyIndia where I explained that RBI is all set to lose its ability to set interest rates if it continues to fiddle with the exchange rate (2/n)

What do I mean, "fiddle with the exchange rate"?

In essence, if RBI opts and continues to manage exchange rate, then that is "fiddling with the exchange rate"

RBI has done that in the past and has restarted it in 2020 - very explicitly. (3/n)

First in March 2020, it opened a Dollar/INR swap of $2B with far leg to be unwound in September 2020.

Implying INR will be bought from the open markets in order to prevent INR from falling vis a vis USD (4/n)

The Second aspect is now, that dollar inflow is happening, and the forex reserves swelled -> implying the rupee is appreciating, RBI again intervened from September, by selling INR in spot markets. (5/n)
https://t.co/9kpWP7ovyM

:Billy-Don :I-AM
@ValiantThor12

1) 💜 THE EVENT 2020 - THE 1221 MULTIDIMENSIONAL STARGATE 💜
PLEIADIAN LIGHT FORCES TRANSMISSIONS - 12182020
CHANNELED BY MICHAEL LOVE
A SPECIAL MESSAGE TO THE STARSEEDS OF NEW EARTH, FOR IMMEDIATE PLANETARY BROADCAST…
PRELUDE:
THE FOLLOWING INFORMATION IS DERIVED FROM DIRECT,

2) DECODED ETHERIC TRANSMISSIONS FROM BENEVOLENT LIGHT FORCES DOCKED IN EARTH’S SOLAR SYSTEM AND SOME OF THE DATA COMES DIRECTLY FROM CERTAIN INSIDE EARTH ALLIANCE MEMBERS KNOWN AS THE WHITE HATS, AND THE GREAT WHITE BROTHERHOOD STRATEGICALLY PLACED IN KEY POSITIONS OF POWER BY

3) THE GALACTICS ON THE SURFACE OF PLANET EARTH!
THE DATA HEREIN IS RECEIVED AND TRANSMITTED FROM THE 5D LEVEL! THIS MESSAGE IS INTENDED ONLY FOR THE STARSEEDS OF EARTH!
GREAT ONES,
WE HAVE SPOKEN OF THE EVENT 2020 THIS ENTIRE EARTH YEAR AS ALL PLEIADIAN AND EARTH ALLIANCE INTEL

4) SHOWS INDEED THAT A MAJOR COSMIC EVENT IS GOING TO OCCUR IN ONLY 3 EARTH DAYS FROM NOW!
ON DECEMBER 21, 2020, A MAGNIFICENT CELESTIAL STARGATE WILL OPEN IN THE HEAVENS WHICH MARKS THE DAWN OF THE NEW GOLDEN AGE OF AQUARIUS AND THE 1ST DAY OF THE SATYUGA OF CENTRAL SUNLIGHT!

5) IN THE MORNING HOURS OF THE WINTER SOLSTICE, THE LONG-AWAITED NEW ERA OF LIGHT WILL FINALLY DAWN AND THE NEW 5D EARTH WILL BE BORN!
THE COSMIC GATES WILL BE FULLY OPENED ON 12/21/20 ALLOWING POWERFUL STREAMS OF COSMIC LIGHT TO ENTER EARTH'S ATMOSPHERE, UPGRADING ALL SENTIENT

Brian Wesbury
@wesbury

Inflation Is Coming!

Some say: Inflation didn’t rise after 2008-2015 Fed QE, so it won’t rise this time. Here are the problems with that argument.

1) From 2008-2015 regulators hammered the banks, so while the Fed’s balance sheet expanded, M2 did not accelerate.

2) In 2020, we used the banks to push out money, the opposite of the first round of QE. PPP loans were financed through banks and unemployment checks were direct-deposited.
3) The M2 measure of money is up more than 25% in the past 12 months.

4) That alone, 25%+ M2 growth, is enough, but we are compounding the problems.
5) Regulating fossil fuel production drives energy prices up.
6) Ag, industrial & transportation are energy intensive, and many claim they are bad for the environment. Result: higher prices.

7) Federal government borrowing and deficit spending encourages more Fed money printing, and artificially lifts demand.
8) Higher tax rates, rising minimum wage, and big government crowd out the private sector; reducing supply.
9) Demand up; Supply down! Inflation is coming.

Will Tanner
@Will_Tanner

One of the hardest problems post-pandemic will be how to revive so-called "left behind" places.

Post-industrial towns, run-down suburbs, coastal communities - these places were already struggling before the crisis and have fared worst in the last year.

What should we do?

Today, @ukonward sets out the beginning of a plan to repair our social fabric. It follows our extensive research over the last year, expertly chaired by @jamesosh, and funded by @jrf_uk, @Shelter and @peoplesbiz.

https://t.co/d3T5uPwG9N

Before I get into recommendations, some findings from previous Onward research.

In 2018, we found 71% of people believe "community has declined in my lifetime"

In 2019, we found 65% would rather live in “a society that focuses on giving people more security” vs 35% for freedom

This was the basis for our identification of 'Workington Man' as the archetypal swing voter in 2019, and led us to predict (correctly) that large numbers of Red Wall seats could fall. A key driver was a desire for security, belonging and pride in place.

There is also a key regional dimension to this. We also tested people's affinity with the UK's direction of travel, across both cultural and economic dimensions - revealing the extraordinary spread below: London vs. the Rest.
https://t.co/HrorW4xaLp