Announcement

Collapse
No announcement yet.

Economic pressures

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Danny B
    replied
    Solar and wind killing carbon and nuke

    " Following rapid growth across the industry in 2016, the United States solar market added 2,044 megawatts of new capacity in the first quarter of 2017.

    As installations grow, prices continue to fall to new lows, with utility-scale system prices dropping below the $1 per watt barrier for the first time,"
    https://www.greentechmedia.com/artic...-pv-in-q1-2017
    The death of oil is being much hyped.
    https://medium.com/@sethmiller_59231...e-38b843bd4fe0
    This reminds me of the time when word processors came into vogue. There were many predictions that the paper business would go out of business.

    The oil industry is going to be forced to default eventually. This will wreck the financial industry that is so heavily invested in oil. The oil industry has a LOT of sunk costs that are not going to be valuable any more. This is even more true of the nuke industry.
    6/08 Solar energy boom brings Indian manufacturers to financial collapse – Live Mint Iran and Russia are the low-cost oil producers. The solar panel industry is fleeing India because of the competition from China. The oil industry will do the same and ONLY flow to the low-cost producer.
    Venezuela and Saudi can pump oil cheaply but, their enormous bureaucracy and benefits demand that they sell high.
    The coal industry gives you a preview of what is coming for oil and nuke, Coal Mine Valued At $630 Million In 2011 Just Sold For One Dollar
    Granted, oil is still a very important raw material.

    Solar has grown beyond ALL expectations. "The “solar singularity” is the point where solar becomes so cheap in a majority of countries around the world that it is established as the default new power source." "Global solar demand rose a massive 45 percent to 74 gigawatts in 2016"
    "wind power sector is that offshore wind power prices have dropped by almost half in the last few years"
    https://www.greentechmedia.com/artic...energy-storage
    The article has a lot to say about the falling cost of storage of electricity also.

    Leave a comment:


  • Danny B
    replied
    Which way will the FED go? Socialism, or muddle through

    Most of the big-name investors claim that we will soon see a crash of the stock market; Barrage Of Billionaire Bears Predict Doom And Gloom, Refuse To Sell | Zero Hedge
    Buffet has gone to cash. Many investors believe that the CB will pump up the stock market forever. I really have no idea. The FED is owned by jewish European bankers. Will they keep the party going? Will they crash the system to usher in one-world socialism? The jews have always endorsed and pushed socialism. Soros is doing his best to bring the blessings of socialism to the whole world.

    Having a very good memory of the failures of socialism and communism, the East will NEVER endorse classical socialism. China is trying to take the best elements of State control and combine them with the best elements of free markets. We'll see.
    If the East refuses to follow the enlightened path, there is no chance of world socialism. The Cloward-Piven "strategy" devised by the Chicago school of socialism calls for; crash the whole GOV by insatiable social-support demands. Illinois is well on it's way to a total crash. Marvellous socialism is supposed to rise up out of the ashes.

    If the Western CBs do indeed plan to crash it all down to bring one-world GOV, they will find one-world GOV minus most of the world.
    Like Chicago, they will find their credit cut off. So, will the CBs bring/allow a crash knowing that it will bring just a crash and NOT a perfect utopia OR, will they try to muddle through?

    America the beautiful is now a third-world State by many measures, https://theintellectualist.co/study-...tion-citizens/
    What happens when the cascade of default hits? How low will it go?

    It is speculated that the PPT is pumping $200 billion a month into the stock market. "They" are hoping for a major trickle down effect. The default rate is picking up fast. How long can the CB pump money into the head while the body dies? The defaults are starting to take out the banks.
    6/07 Santander buys struggling Spanish bank Popular for €1 – Telegraph

    India is starting to take notice of the effects of automation;
    Govt abandons goal of training 500 million people in new skills by 2022 - Livemint
    Their GOV is in a fight with the Central bank, https://www.bloomberg.com/news/artic...ia-to-cut-rate
    Trump is soon to be in a fight with the FED. They plan to tighten. They need to make up for lost time of "no tightening" under obummer. Trump has lost most of his battles because nobody in the legislature is supporting him. The money battles in July will be the biggest and worst.

    Leave a comment:


  • Danny B
    replied
    I found a good article that I want to excerpt generously.
    "Total U.S. household debt was $12.73 trillion at the end of the first quarter of 2017, up $473 billion from a year ago"
    So, we borrowed a 1/2 $trillion to make ends meet.
    6/07 Australians curb spending as household debt balloons – Reuters
    6/07 UK retail sales decline as households keep a lid on spending – Bloomberg
    6/06 Trump’s America facing $13trln consumer debt hangover – Bloomberg

    This is a PLASTIC house of cards.

    "While population rose about 7% between 2007 and 2014, wages for most people have dropped about 5% during that time." This calls for more plastic.
    "Financial stocks have collapsed." Let them eat plastic !
    "Pending home sales also just tanked"
    "With 935,758 unsold GM units collecting dust in dealer lots, this was the highest inventory number in 9.5 years, the highest since Nov. 2007, and, as Bunkley reminds us, “one month before the recession officially began.”
    "That was April inventory. May’s inventory, just in, rose by another 30,000 vehicles. "
    "The retail apocalypse grows: Not even halfway through 2017, closures of retail stores have doubled last year’s closures as of this time and already exceed the last peak in closures during the crash of 2008."
    "The CAPE just hit thirty, matching the rarified atmosphere of stock prices when the 1929 crash happened! The only time stocks have ever been more overpriced was just before the dot-com crash." Just coincidence.
    "the official US unemployment rate is now exactly at the nadir it has reached right before almost every recession the US has ever experienced:" coincidence
    "famous hedge fund managers has said the Australian stock market and housing market are so insane he’s returning all of his investors’ money as there are no safe bets.)" Bet on beer!

    "Eventually, the falling fundamentals will overwhelm the machines. They will click their last ratchet upward. When they do, I highly suspect these bots that have been designed by programmers who never knew anything but a bull market during their short careers will outbid each other all the way to the bottom unless some human wisely yanks the IT cord on New York Stock Exchange to stop the slaughter.

    Even in that case, restarting the stock market the next day will be problematic with all the bots on line and ready to charge downhill in mutual electronic bewilderment."
    "Once the Fed’s fake recovery fails, even as it is now crumbling all around us, the true depth of the Great Recession will become known and felt by all … except the 1%. The Fed is knocking the props out from under their own “recovery,”
    Summer Storm Keeps Building as Second Dip of Great Recession Approaches | Zero Hedge
    The FED is fighting a losing game. They can bail out some sectors but, NOT ALL. The consumer is up to her eyeballs in debt and living day-to-day on plastic.

    "This morning’s big news is the Chinese announcement they would they would buy more US Treasuries as the Yuan stabilizes. From Bloomberg:
    "China is prepared to increase its holdings of U.S. Treasuries under the right circumstances,"
    The MSM STILL Won't Report This Huge Story
    Both US Carriers Ordered OUT Of The Sea Of Japan
    Trump Blinks - Pentagon Orders US Naval Armada Away

    The Chinese cough up money,,, the navy turns around.

    Albert Edwards writes about the financial "ice age".
    "Investors Should Be Petrified" Of The Coming Ice Age: Here Are Albert Edwards' Scariest Charts | Zero Hedge
    Other writers show good cause to believe that the fall in the numbers of 16---64 year old consumers is responsible for the contraction in the economy. Other writers show good cause to believe that the rising price of energy is responsible for the contraction in the economy. Time will tell.

    "Only 8% of all money on planet earth is physical the rest consists of virtual accounting units. What we have for money today is merely a ‘accounting unit’. We have no real ‘thing’ as our money. Our accounting unit is virtual and lives within cyberspace. "
    "This virtual unit is technically illegal as it has not been adjudicated within our American court system as constitutional legal tender. This unit is also unconstitutional as our Congress has not approved a VIRTUAL dollar ($1.00) for our economy. Our House Banking Committee has not approved virtual money and our Senate Banking Committee has not approved virtual money."
    Our Money System Is Pure Fantasy! Here's Why - munKNEE dot.com
    This is going to become very interesting in the coming default cascade.

    Leave a comment:


  • Danny B
    replied
    Those you dare not criticise

    You're asking a question that has a long answer. The owners and controllers of the FED are/have been almost entirely jewish.
    The Federal Reserve - Zionist Jewish Private Bankers
    The average jew is just like any other average person in the same culture. Everybody just wants to get along and be left alone. Yes, they claim that they are the chosen people. This claim is fairly common in many cultures.

    What sets a portion of the jews apart is; the constant scheming and grabs for power. Even the Caesars complained about the scheming jews. They have been kicked out of thousands of cities, states regions, etc. There are always some of them who try to take over everything. The Eastern Roman Empire, head quartered in Constantinople did not allow jews to hold office, teach, or work in finance. That empire lasted for 1100 years until conquered by the Turkic invaders.

    The big problem for the jews is that; their successes have attracted the zionists. Decades ago, Henry Ford wrote about the "international jews",,, those who have no roots and plunder anything they encounter.
    http://www.whitehonor.com/InternationalJew.pdf
    Ford distinguished the international jews from the average jew.

    Theodor Herzyl is the spiritual father of modern day Israel. Here is what he dreamed of;
    "I truly believe that even after we possess our land, Zionism will not
    cease to be an ideal. For Zionism includes not only the yearning for a
    plot of promised land legally acquired for our weary people, but also the
    yearning for ethical and spiritual fulfillment"
    Sadly, the jews got themselves real estate in a BAD neighborhood. They didn't acquire it legally. Ethical and spiritual fulfilment completely eludes them.
    Herzyl's dream has turned into a nightmare. Israel is just a garrison surrounded with very high walls.

    To secure independence, the fledgling state formed terror gangs to go around blowing up anything and everything. Their crowning achievement was when Rahm Emanuel's father and a group blew up the King David hotel and killed many of the British command. The British declared Palestine to be ungovernable. Without the British exercising some control, the terror gangs were free to engage in ethnic cleansing. The most infamous incident was at Der Yassim.
    https://en.wikipedia.org/wiki/Deir_Yassin_massacre
    The terror gangs went house to house killing mostly women and children because the men were NOT present. This action and many others like it set the pattern for subsequent genocide.
    Here are some modern-day headlines;
    Deir Yassin Massacre Myth Resurfaced - Israel Today | Israel News
    Book Review: The Myth of the Deir Yassin Massacre - Israel National ...
    Historian Uri Milstein Debunks the Myths of Deir Yassin
    A Mythical Massacre: Deir Yassin - Pre-Trib Research Center -

    The "fighters" (including Menachin Begin) stacked up the bodies of the dead women and children for photo-ops.

    The jews are starting to catch on that judaism has been hijacked by zionism,
    Judaism is not Zionism
    https://electronicintifada.net/conte...-zionism/12859
    The current claim is that Ashkenazi jews are responsible for all the excesses of warring and power-mongering. I haven't read deeply into this.

    The idea of international pillaging isn't solely the province of jews and/or international jews.... Though George Soros definitely gives them a bad name. John Perkins wrote about the international jackals. I imagine that there are all sorts of people besides jews that will pillage without ANY qualms.
    https://en.wikipedia.org/wiki/Confes...onomic_Hit_Man
    The book has been updated to claim that the international jackals have now set their sights on the biggest prise of all, America.
    http://www.yesmagazine.org/new-econo...cracy-20160318

    The jews have been kicked out of MANY places. What about the Amish, the Menonites, The Jains, the Buddhists? Hopefully, the jews will throw off the yoke of zionism and be forego the dream of world conquest.
    I've gone way off-topic but, it is background for our economic situation.

    Leave a comment:


  • aljhoa
    replied
    A Nobel prize winning economist, former chief economist and senior vice president of the World Bank, and chairman of the President’s council of economic advisers (Joseph Stiglitz) says that the International Monetary Fund and World Bank loan money to third world countries as a way to force them to open up their markets and resources for looting by the West.

    Do central banks do something similar?

    Central Banks Are Trojan Horses, Looting Their Host Nations

    Originally posted by Danny B View Post
    TPTB - Definition by AcronymFinder
    TPTB The Powers That Be
    The jews have long claimed that they are the chosen people, hence, chosenites.
    Are chosenites TPTB?


    Al

    Leave a comment:


  • Danny B
    replied
    The CBs never did have a clue

    The CBs have pumped liquidity into the upper loop for many years. Essentially, the lower loop can get by with just the money needed to facilitate production & consumption. All the extra money is JUST for the speculators. They buy up everything on a slim margin and re-sell it to the eventual end consumer. When our aggregate wages crashed, there just wasn't enough money circulating to keep all the speculators in business.
    The CBs pumped in money to uphold the prices/values of everything that the lower loop of consumers buys. Money was pumped into everything EXCEPT wages. As consumption fell, the corporatocracy cut wages to maintain their profit margins. This lowered aggregate consumption even more.

    Every time that the credit airplane threatens to fall out of the sky, the CB pumps in more liquidity. The States are trying to inflate away the pain of repaying debt. They (the Bozos) believed that monetary inflation would translate into system-wide inflation. Price inflation is running about 10%,,, depending on what you are paying for. The 95% of the lower loop take their diminishing paycheck (or welfare) and just buy essentials. The clowns at the FED never imagined that WAGE inflation was a necessary component of general inflation.

    The stupefied PHDs at the FED are dumbfounded that they can't create general inflation in spite of the fact that the CBs have pumped in $100 trillion.
    https://www.bloomberg.com/news/artic...nflation-calls
    "Reflationists argue that trade is improving with the global economy and PPI pressures will keep building. With all the liquidity sloshing around after years of central bank support, it’s just a matter of time until wages and consumer prices head north as well, they say. Problem is, the latest data from around the world just aren’t following that script."
    When did the feces-for-brains get the idea that wages would go up at the same time that automation was making huge inroads,,, at the same time, that Chinese were willing to work for $30 a month??
    “With China’s construction engine likely to ease back over the coming months, the global reflation risks running out of runway.”

    We're rattling sabers at China at the same time that the West depends on Chinese liquidity to keep things going.
    6/06 How China’s biggest bank became Wall Street’s go-to shadow lender – Bloomberg What could possibly go wrong?

    OK, so the FED created lots of debt money to keep the credit airplane aloft. They are slowly coming to the realization that the lower loop will never have the money to pay the FED. The credit airplane MUST have endless fresh money to make up for our endlessly lower wages. The other factor that affects aggregate American wages; Rense,The Real Unemployment Number - 102 Million

    The FED assigns a number to their balance sheet. Who knows how accurate it is. Who knows how much was pumped in by the ESF and PPT? They claim that they are at $ 4 1/2 trillion. The FED bought up Treasuries because nobody else wanted them. They claim that various other States bought treasuries but, there is no reason to believe them. So, the FED is holding all these Treasury bonds and rolling them over. The FED wants to reduce their balance sheet and sell off the bonds rather than rolling them over.
    In a general sense, the FED sells a bond and the buyer pays cash which diminishes the money supply.

    "Cornerstone MacroLLC in Washington, expects the first cap to land at $10 billion, rising by $10 billion every three months before settling after 15 months at a steady state of $60 billion."
    They expect to shrink the balance sheet by about $2 trillion.
    https://www.bloomberg.com/news/artic...srnd=157390612

    "steady state of $60 billion" Coincidentally $60 billion is how much Draghi is pumping into the Euro bond market to keep it from collapsing.
    Each U.S. president has doubled the debt to keep the debt airplane flying. Can the FED shrink it's balance sheet at the same time that U.S. GOV needs ever-more money? This will come into focus when the debt-ceiling fight gets heated up.

    6/06 Democrats toy with some debt limit hostage-taking of their own – NY Mag I'm sure that this will work out well when the time comes.
    The CBs have bailed out the bond and stock markets but, they can't bail out everybody in trouble.
    Your local drug pusher is doing what he does best,,,, creating addicts for profit, https://jonrappoport.wordpress.com/2...d-in-one-year/
    Spanish banks have a big problem, Deposit Bail In Risk as Spanish Bank?s Stocks Crash - GoldCore Gold Bullion Dealer
    Italian banks will crash the moment that Draghi cuts back on bond buying.

    Leave a comment:


  • Danny B
    replied
    Acronym

    TPTB - Definition by AcronymFinder
    TPTB The Powers That Be
    The jews have long claimed that they are the chosen people, hence, chosenites.

    Leave a comment:


  • aljhoa
    replied
    Originally posted by Danny B View Post
    Various Central Bankers bought U.S. debt to support the dying dollar.

    "Every time we do something you tell me America will do this and will do that. …I want to tell you something very clear: Don't worry about American pressure on Israel. We, the Jewish people, control America, and the Americans know it." – Alleged quote by Ariel Sharon to Shimon Peres (October 3, 2001)

    Congress was bought and sold and the wars for the Ashkenazi went on unabated. Wars are good business for the bankers.

    As America neuters the Euro, our war credit card keeps working and we blow up any State that is in the way of a greater israel.

    The world has had quite enough of empire building by the demented Ashkenazi warlords.
    Originally posted by Danny B View Post
    The chosenites are desperate to start a war with Russia. Russia stands in the way of the flagging plans for a global empire run by the chosenites.
    What are the chosenites and TPTB?


    Al

    Leave a comment:


  • Danny B
    replied
    offsetting debt deflation with helicopter money

    Here is a long detailed article telling you that the FED will never allow deflation to set in. They will continue to inflate the stock market forever.
    BETTING AGAINST HISTORY | THE MACROTOURIST
    Here is a long detailed article showing that the stock market will have NO returns for the next 10--12 years.
    https://www.advisorperspectives.com/...aign=item_link

    This is all well and good for the upper loop. What about the rest of the world?
    " Due to the deflationary pressures of technology and stagnant wages for the bottom 90%, the consensus sees low inflation as far as the eye can see.
    When the consensus is near-100% on one side of the boat, we can safely bet Reality will not conform to expectations."
    " For the past 17 years, central banks have funnelled credit and liquidity into the banks at the top of the wealth-power pyramid. Very little of this new "wealth" has trickled down to the bottom 90% of households in the real economy who have seen their earnings stagnate and their costs rise.
    Now that debt and essentials are absorbing much of the bottom 90%'s earnings, there's little fuel left for additional debt-based consumption. This is why we see auto sales plummeting."

    "The only way the central banks/states can fuel more debt and spending is to drop "helicopter money" directly into the consumers' checking accounts."
    "Once they do this, the "new money" goes directly into the real economy. This is quite different than the past 17 years of monetary stimulus that went mostly into assets owned by the wealthy."
    "Once the bottom 95% can no longer afford to borrow and spend more, the economy sinks into a self-reinforcing recession.
    Creating more free money for financiers as central banks have done for 17 years won't solve this recession. Instead, it will anger the bottom 95% to see the wealthy's assets climbing ever higher."

    "But "helicopter money" has its own risks. To fund "helicopter money," governments will have to borrow trillions more from central banks."
    The CBs can print the money to do all of this debt-free. The demand that the economic activity be financed with DEBT money is an oft-repeated lie.
    Ellen Brown has shown clearly that history proves that the economy can be financed with debt-free money. SPECULATION demands an ever-increasing supply of money, PRODUCTIVITY DOES NOT.
    oftwominds-Charles Hugh Smith: The Path to Inflation: "Helicopter Money"
    The CBs have already printed up tons of money that they can't reasonably expect to be repaid. Issuing debt-free money is only a short step away from issuing debt-money that can't be repaid.

    Here is a well thought out article on universal basic income. This article is better than most because it takes into account human nature.
    Doug Casey on Universal Basic Income | Casey Research
    The BIGGEST argument in favor of debt-free money and UBI is; it avoids civil war.
    Here is an article from Kunstler that is VERY dreary.
    Gimme Shelter - Kunstler
    "Mr. Putin does not have to lift a finger to detonate the groaning garbage barge of US domestic affairs. It’s already ignited and is faring toward a very peculiar species of civil war. "

    We're closing in on the debt ceiling and budget talks. The disciples of Soros seem to be planning a very exciting summer.
    https://www.youtube.com/watch?v=xhfJwAHhmrk&t=302s

    https://www.youtube.com/watch?v=UktpeLFWt4Y

    Leave a comment:


  • Danny B
    replied
    Where do you find such garbage? It doesn't belong in this thread anyway.
    "There is not a doubt in my mind that the Lancaster, the B17 and the B24 were built for the purpose of inflicting massive civilian casualties on the German populace. It was, in my opinion, one the greatest war crimes ever perpetrated. Colonel Robin Olds, surely one of the finest officers and fighter pilots ever to serve in the USAF, stated more than once that the so-called strategic bombing program was ineffective, wasteful and pointless."

    The allies bombed the snot out of Germany specifically to inflict civilian deaths. The bombs killed jews, christians and everything else. Roosevelt and Churchill killed the German Jews.
    Don't piddle around on the economics thread with useless propaganda.

    Leave a comment:


  • aljhoa
    replied
    Originally posted by Danny B View Post
    OK, what to make of it? Here is a comment from this article;
    "Central bank operations will eventually force the big commercial banks to merge because of reduced profit levels. The central banks will not change their ways though. They will continue to expand their balance sheets and eventually force the remaining banks to close, or merge with a central bank. Then the central banks will start merging amongst themselves, until we are left with one "Iron Bank". Control will be complete, and current levels of bad debt being held in the currently existing fiat currencies becomes irrelevant to an entity that can never be eliminated absent of an extinction level event, and has the power to reset the entire system to a new global currency. Remember, Globalism is their religion, and ultimate control can only be achieved once the entire financial system is assimilated.

    They are in a race against time, because if they lose control of this transition, the hundreds of trillions in derivatives outstanding will blow up and the Great Reset will appear. So, central banks print billions every month out of thin air and buy more and more assets with it, while at the same time the "financial system" is being prodded to reduce the total amount of derivatives in existence. Will it work? I doubt it, but it sure looks like the plan to me. They can't afford another Lehman Brothers event, so the Lehman Brothers of the world must disappear...but not from collapsing, it must be done through mergers and acquisitions. Funny that the CB's have to kill off all their children to achieve their goals."
    With regard to the number of Jews who died in the Holocaust, best estimates for the breakdown of Jewish loss according to location of death follow:

    Auschwitz complex (including Birkenau, Monowitz, and subcamps): approximately 1 million
    Treblinka 2: approximately 925,000
    Belzec: 434,508
    Sobibor: at least 167,000
    Chelmno: 156,000–172,000
    Shooting operations at various locations in central and southern German-occupied Poland (the so-called Government General): at least 200,000
    Shooting operations in German-annexed western Poland (District Wartheland): at least 20,000
    Deaths in other facilities that the Germans designated as concentration camps: at least 150,000
    Shooting operations and gas wagons at hundreds of locations in the German-occupied Soviet Union: at least 1.3 million
    Shooting operations in the Soviet Union (German, Austrian, Czech Jews deported to the Soviet Union): approximately 55,000
    Shooting operations and gas wagons in Serbia: at least 15,088
    Shot or tortured to death in Croatia under the Ustaša regime: 23,000–25,000
    Deaths in ghettos: at least 800,000
    Other*: at least 500,000

    https://www.ushmm.org/wlc/en/article...uleId=10008193


    Al

    Leave a comment:


  • Danny B
    replied
    Population down, GDP (debt) UP... bond market

    There is a lot of hot money looking for a home. "a testament to the persistence of Chinese oligarchs, criminals, money launderers and pretty much anyone who is desperate to park their cash as far away as possible"
    http://www.zerohedge.com/sites/defau...old%20debt.jpg
    I suppose that the money could keep flowing forever.
    The Biggest Real Estate Bubble Of All Time Just Did The Impossible | Zero Hedge

    "The American core population (aged 15-64) is the greatest economic consumptive force on earth. They make up 2/3rds of the total US population and 95% of US employment. When considering growth, particularly the all important annual growth in Gross Domestic Product, the growth of this population should be the first consideration (although it is strangely nowhere in typical economists or Federal Reserve accounting)."
    "The core US population growth has been slowing since '00 and as of this year (drum roll please) that growth is ending."

    "And as for GDP, it is now simply a reflection of new federal debt. The chart below shows annual GDP growth minus the annual growth in federal debt...and since '08, there is no growth but the growth in un-repayable federal spending"
    https://econimica.blogspot.com/2017/...why-4-gdp.html

    Like Japan, the prime rate just can not get up off the floor. Reportedly, the FED does not even consider this very important metric. This great downturn in income and confidence has resulted in the Japanese giving up on sex, marriage and even the hope of having a family. It has gotten even worse. The leading cause of death in younger Japanese is suicide.

    95 Million Americans Neither Working Nor Seeking Work
    93% Of All Jobs "Created" Since 2008 Were Added Through The Birth/Death Model
    6/05 The US jobs market is much worse than the official data suggest – Zero Hedge

    The lower loop has lost both employment and Confidence. The upper loop believes all the BS from the State.

    Armstrong has called for a crash of the sovereign bond market. Here is a headline from Zero Hedge.
    Central Banks Now Own A Third Of The Entire $54 Trillion Global Bond Market
    Central Banks Now Own A Third Of The Entire $54 Trillion Global Bond Market | Zero Hedge
    OK, what to make of it? Here is a comment from this article;
    "Central bank operations will eventually force the big commercial banks to merge because of reduced profit levels. The central banks will not change their ways though. They will continue to expand their balance sheets and eventually force the remaining banks to close, or merge with a central bank. Then the central banks will start merging amongst themselves, until we are left with one "Iron Bank". Control will be complete, and current levels of bad debt being held in the currently existing fiat currencies becomes irrelevant to an entity that can never be eliminated absent of an extinction level event, and has the power to reset the entire system to a new global currency. Remember, Globalism is their religion, and ultimate control can only be achieved once the entire financial system is assimilated.

    They are in a race against time, because if they lose control of this transition, the hundreds of trillions in derivatives outstanding will blow up and the Great Reset will appear. So, central banks print billions every month out of thin air and buy more and more assets with it, while at the same time the "financial system" is being prodded to reduce the total amount of derivatives in existence. Will it work? I doubt it, but it sure looks like the plan to me. They can't afford another Lehman Brothers event, so the Lehman Brothers of the world must disappear...but not from collapsing, it must be done through mergers and acquisitions. Funny that the CB's have to kill off all their children to achieve their goals."
    Last edited by Danny B; 06-05-2017, 02:50 PM. Reason: Mo info

    Leave a comment:


  • Danny B
    replied
    Poverty in Europe

    The China effect (low wages) affected more than just America. It crashed Europe too. The extra added problem with Europe; they are spending tons of money to bring in and subsidise no-skill immigrants. What jobs aren't subject to outsourcing, they kill by bringing in low-wage competition. Not surprisingly poverty is going way up in Europe. You can personally thank Merkel for that.
    REPORT: 1 in 4 EU Citizens 'On Verge of Total Poverty' as Leaders Open Continent to Third World Migrant Invasion (VIDEO)
    "According to statistics from the European Commission, one in ten full-time workers live in poverty. "

    The European Central Bank is not far from going bust. They want Eurobonds to bail them out. https://www.armstrongeconomics.com/a...s-on-sale-now/

    Leave a comment:


  • Danny B
    replied
    State pensions crashing the economy

    The China effect killed wages for the mainstream worker. His lack of savings wiped out the income for bankers. The bankers "compensated" by taking away our interest income. The last place left for the speculators to "earn" money was in the stock markets. Since the worker had no money to spend, the stock market had very low earnings. The CBs pumped in $trillions with no end in sight. A lot of this hot money flowed into RE speculation. The CB and the State were trying to pump up the 2 most visible areas that people consider to be stores-of-wealth.
    They can never stop pumping because stocks and RE can't survive on the cash generated by the working man. Meanwhile, the banks "gained" about $400 billion a year in interest that they didn't have to pay. Other than just a few stocks, there are just no earnings in the stock market. Even the stocks that are rising in nominal value are only rising because of CB pumping. They have little in the way of earnings.

    All of the entities that previously depended on interest income and stock market earnings are slowly (or rapidly) going broke. Those entities that are operated by the State are going broke the fastest.
    The CALPERS retirement program "In 2014 CalPERS had a return target of 7.8 percent. Instead it brought in a measly 2.4 percent. That was bad, but at least it was better than 2015's .61 percent return. "
    Being a State-run entity, CALPERS can easily roll down the blinds and ignore reality. They just scream for higher taxes.
    "A comprehensive study by Boston College's Center for Retirement Research found that states and localities that borrowed funds to cover pension obligations in the years leading up to an economic contraction overwhelmingly witnessed negative returns. CalPERS itself saw a negative 24 percent return on investment during the worst of the Great Recession."

    That bit of reality is NOT going to stop Governor Moonbeam. "A little context: California is looking at anywhere from $242 billion to $767 billion in unfunded pension liabilities. "
    California Uses One State Credit Card To Pay Off Another - Hit & Run : Reason.com
    Armstrong did mention that California Munis are going to blow, going in to next year.

    6/03 Cities, states and school systems lose millions to credit downgrades – IB Times
    "Illinois sports a $111 billion unfunded State pension, it has $8 billion in unpaid bills, 2/17/2016 tax revenues are declining, spending is accelerating and it has yet to approve a FY 2017 budget. "
    The State Of Illinois Is Bankrupt | Investment Research Dynamics
    "The now-Senator and supremely corrupt Michael Bennett plugged the Denver Public Employee pension fund for a cool $250 million of losses on interest rate derivatives that he bought from his former colleagues at JP Morgan."

    "Not surprisingly, Illinois is one of eight U.S. states with a diminishing population. In 2016 alone, it lost 37,508 people. Nearly half of those living in Illinois said they'd like to leave. Taxes were the No. 1 reason given."
    "Illinois owes contractors and suppliers a record $14.5 billion. " 6/02/2017
    What Do Broke Illinois And Bankrupt Puerto Rico Have In Common? Big, Bad Government | Stock News & Stock Market Analysis - IBD

    So, hand out gold-plated benefits to state workers for votes,,, raise taxes to the moon,,,, crash the economy.

    Leave a comment:


  • Danny B
    replied
    Save the banks, NO matter the cost

    Price inflation is running about 10% by the pre-1980 methodology;
    http://www.shadowstats.com/imgs/sgs-...d&t=1494603620
    Alternate Inflation Charts
    A savings account (6Mo. CD) pays on average .06%. The banks take your savings and deposit it at the FED to get a 1% return. The banks avoid paying hundreds of $ billions in interest to savers. Americans have about $91 trillion in savings. The banks get to use this money for free.
    https://www.peakprosperity.com/blog/...-killed-saving
    You have savings at negative interest in the banks.

    All the fresh blood is being pumped into the head and, the rest of the body is dying.
    "#1 According to Challenger, the number of job cuts in May was 71 percent higher than it was in May 2016.
    #4 Financial stocks have lost all of their gains for the year, and some analysts are saying that this is “a terrible sign”.
    #11 According to the Los Angeles Times, it is being projected that 25 percent of all shopping malls in the United States may close within the next five years.

    #12 Over the past 12 months, the number of homeless people living in Los Angeles County has risen by a staggering 23 percent."
    "Lapthorne calculates that S&P1500 ex financial net debt has risen by almost $2 trillion in five years, a 150% increase, but this is mild in comparison to the tripling of the debt pile in the Russell 2000 in six years."
    12 Signs The Economic Slowdown The Experts Have Been Warning About Is Now Here

    Commerce Department explained that year-over-year the US (trade) deficit grew by 13.8 percent. https://sputniknews.com/us/201706021...deficit-grows/

    Leave a comment:

Working...
X