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Old 03-01-2019, 04:45 AM
Danny B Danny B is online now
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Location: L.A. Ca.
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Deep corporatocracy vs the people

This is the counterpoint to the last post.
As you know, The Report from Iron Mountain said that peace must be avoided at all costs. Keynes said that we need perpetual war to keep the economy stimulated.
Bourne, "War is the health of the State" In a collection of Bourne's essays entitled War and the Intellectuals (1964), editor Carl Resek explained the phrase's meaning. Resek wrote, "In its proper place it [the saying] meant that mindless power thrived on war because war corrupted a nation's moral fabric and especially corrupted its intellectuals."
The deep state and the corporatocracy both want endless war with all dissent locked down. They want total control of every facet of our lives. They want dissolution of all nations. Trump opposes this. The "deep corporatocracy" is warning that a dissolution of their European "construct" will bring WW III. Keep in mind that Churchill said that WW II could have been avoided but, the bankers wanted it. He also said that Germany didn't want war but, they would force one on them. WHY?
Churchill "if Germany trades again in the next 50 years, WW I will have been for nothing."
Years after destroying Germany and aiding the rise of Russia, Churchill said, We butchered the wrong pig.

"A senior European Commission economist has warned that a Third World War is an extremely “high probability” in coming years due to the disintegration of global capitalism.

In a working paper published last month, Professor Gerhard Hanappi argued that since the 2008 financial crash, the global economy has moved away from “integrated” capitalism into a “disintegrating” shift marked by the same sorts of trends which preceded previous world wars."
NOT true but, go on.
"current period is a transition from an older form of “integrating capitalism” to a new form of “disintegrating capitalism”, whose features most clearly emerged after the 2008 financial crisis."
No kidding and whose fault was that?
"For most of the twentieth century, he says, global capitalism was on an “integrating” pathway toward higher concentrations of transnational wealth. This was interrupted by the outbreaks of violent nationalism involving the two world wars. After that, a new form of “integrated capitalism” emerged based on an institutional framework that has allowed industrialised countries to avoid a world war for 70 years."
The West avoided a new WW after WW II because Europe was destroyed and nobody wanted to risk nuclear Armageddon.

"While integrated capitalism depended on a transnational institutional framework that permitted “stable exploitation on a national level”"
They inflated away our purchasing power.
" Hanappi argues that “disintegrating capitalism” sees this framework become disaggregated between the USA, Europe, Russia and China, each of which pursues new forms of hierarchical subordination of workers."
No mention of rape by the bankers.
So, BEWARE of nationalism because it will bring WW III

"Business Insider, a deficit is only as ominous as the market’s inability to buy the excess debt that’s issued along the way. INTL FCStone macro strategist Vincent Deluard has serious concerns about that. So far, foreign central banks, and the U.S.’ central bank, The Federal Reserve. Central banks have begun selling debt though, not taking on more. The Fed has slashed Treasury holdings by $260 billion since October 2017, their foreign counterparts have sold almost $1 trillion over the past four years. Deluard says that those debts will terrifyingly be picked up by retail investors and pension funds."
Nope, the phantoms are buying all of it.

""The wealth of another region excites their greed; and if it is weak, their lust for power as well. Nothing from the rising to the setting of the sun is enough for them. Among all others only they are compelled to attack the poor as well as the rich. Plunder, rape, and slaughter they falsely call empire; and where they make a desert, they call it peace."

" “The US is also about to enter an earnings recession, ironically after one of the strongest years for corporate profits on record, the picture of American companies is not much better. Not only is an above average number of companies issuing negative EPS guidance for Q1 2019 (of the 93 companies providing official guidance, 68 or 73%, have issued negative EPS guidance), but consensus EPS for Q1 is now deep in the red. According to Factset, the average Wall Street forecast now projects Q1 earnings per share to decline by 2.7% Y/Y, worse than a consensus -0.8% forecast drop three weeks ago, and starkly lower than the +3% EPS growth expected for Q1 at the start of the year.”
All that stimulus from the FED buying stocks and, we're still crashing.
"“In a troubling twist, this EPS drop is taking place even as companies continue to buyback record amounts of stock (according to BofA’s client tracker, corporate repurchases are running 98% YTD compared to the same period last year when as a reminder, total announce buybacks topped a record $1 trillion). More perplexing is that the EPS drop will take place even as S&P500 revenue is still expected to post a solid 5.2% Y/Y growth,"
They "show" growth because of the effect of buybacks.
So, the monetary Viagra is wearing off.

"Global debt has surged by nearly $150 trillion since 2003 and $70 trillion since 2008. As bad as the 2008 global financial crisis was, the next crisis will hit the global economy even harder simply due to the fact that an additional $70+ trillion in debt has been added."
"Growing debt burdens will stifle economic growth, which will make it even harder to grow out from under the debt. Eventually, global debt saturation will lead to a downward spiral situation in which nearly all central banks will be forced to debase (or “print”) their fiat/paper currencies at an extremely high rate in order to pay the interest on debt and to keep their economies afloat for a little while longer."

"“In our view, September of 2018 marked the peak of the U.S. economic cycle. We are now seeing a typical bear market rally, and the next downward leg is likely to be just as abrupt as the first one,” Costa told MarketWatch in an interview. “It’s hard to pinpoint when exactly, but my best guess is between now and April.”

2/28 The middle class is shrinking everywhere — in Chicago it’s almost gone – WBEZ
2/28 China factory activity sinks to 3-year low – AP
2/28 Farm loan delinquencies highest in 9 years as prices slump – AP
2/28 Global stocks sink for third day as investors temper trade optimism – Reuters

2/28 The doomsday scenario for stock and housing bubbles – Zero Hedge
2/28 “Beware the Ides of March”: Nomura sees long-awaited stock selloff – Zero Hedge
2/28 “Nobody has a freaking clue”: Big Short’s Eisman expands his Brexit short – ZH
2/28 Massive cuts to Social Security: this is the ‘wall’ Americans should worry about – MW

MOSCOW (Sputnik) - The US sanctions against Venezuelan state oil company PDVSA will become the main blow to the world's oil refining in the short term, yet it is the US refineries that will bear the brunt in the first place,

South Africa soon to look like Zimbabwe.
CFR Head Pushes For War On Venezuela
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