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  • Armstrong, "This entire move for lockdowns under COVID-19 is not going away. They have destroyed businesses intentionally to end commuting. They are determined to end fossil fuels and to make your car obsolete. There have been discussions about using the lockdowns to further meet the climate change goals of reducing fossil fuel use. They are in the process of also creating a major food shortage."
    "With about 1/3 small businesses in London gone, this latest lockdown is criminal"
    "More than 100,000 small businesses have permanently shuttered within just two months as pandemic lockdowns devastated the nation’s economy landing 36 million Americans out of work,"
    "A recent survey by Main Street America found that 7.5 million small businesses in America are at risk of closing their doors for good. A more recent survey showed that even with federal loans, close to half of all small business owners say they’ll have to shut down for good.
    The toll has already been severe. In New York alone, stay-at-home orders have forced the permanent closure of more than 100,000 small businesses."

    52% of American small businesses expect to close within six months because of coronavirus: Study
    The media and politicians have no problem with people losing their jobs, their homes unable to earn income, the destruction of the food supply, and imprisoning the population as a whole when there is NO such historical precedent for such action in 6,000 years of recorded history. You quarantine the sick – not everyone. The Attorney General has ordered prosecutors to bring charges against governors and mayors who go too far in these lockdown orders"


    THEN, there is BIG business;
    Walmart CEO Doug McMillon says New World Order is “the right thing to do”
    The Drum columnist Samuel Scott writes, one unintended consequence of the coronavirus lockdown is that the big business Goliaths are actually pummeling the small Davids to death because of how distribution has changed.
    ABC, "The winners in a pandemic economy: Big tech and lockdown essentials soar
    "
    The Great Lockdown: Worst Economic Downturn Since the Great Depression

    The covid lockdown has morphed into the climate change lockdown.
    Big business is onboard because it gives them an opportunity to kill off all their small competitors.

    OK, keep in mind that the plandemic was created to usher in the great reset. Just how was that supposed to happen?
    Collapse small business to create horrific unemployment.
    All the millions of unemployed would be unable to pay their mortgages.

    Armstrong;
    "Delinquent mortgages peaked back in 2010 at 9.3% of outstanding mortgages. As of March 31st, 2020, the reporting banks serviced approximately 15.4 million first-lien residential mortgage loans with $3 trillion in unpaid principal balances which were 28.7% of all residential mortgage debt outstanding in the United States according to our database."
    OK, nobody is paying their debt. The Trump administration is pumping in $trillions to rescue the collapsing derivatives written against these defaulting debt instruments.
    "
    The implications are far-reaching both for the credit market and the individuals not to mention the real estate markets particularly in the Blue States where the lockdowns have been the most drastic. The impact economically is far beyond the 2007-2009 financial crisis and is on par with the 1930s Great Depression which reached 30%-32% in defaults."

    The first lockdown;
    "‘Rolling Shock’ as Job Losses Mount Even With Reopenings
    Nearly three million new unemployment claims brought the two-month total to more than 36 million, even with some still frustrated in seeking benefits."
    These numbers from the first lockdown have crashed a HUGE number of derivatives.
    Bojo, Coronavirus: Are you prepared for a second lockdown?
    Why countries are resorting to pandemic lockdowns again

    Yep, a second lockdown should really kill off the economy. It will really wipe out derivatives contracts. That should ensure a complete meltdown. You can see what Trump is up against.

    In any confrontation between the PTB and the people, the police are the iron fist (or lead bullet) of the State. The policeman doesn't want to lose his job. This time around, there are some signs of hope.
    https://www.armstrongeconomics.com/w...-naples-italy/

    https://www.armstrongeconomics.com/w...-hope-freedom/

    To counter the reluctance of police to blindly follow orders, the Marxists are pushing hard to get rid of the police,,, defund them.

    Comment


    • France, England, Spain, Rome. Different nations have been the leading power in the West. They took turns until the world grew up around them and, they couldn't afford an empire.
      Once again, imperial over reach is taking down a Western leader.
      https://www.strategic-culture.org/ne...4310-317328705

      The bankers were able to manipulate things so that all the money went to them. Digital money is more of an abstract than paper money. Both of them are nebulous abstracts compared to gold. The non-producers live & die by executing expansion of the currency. They have now entrapped all the "money" in the upper loop where it can't be spent or put to work.
      Since the stock market is seen as a bellwether for the health of the economy, the State has pumped in huge amounts of liquidity to the stock market.
      50% of the current "value" of the stock market is due to free money pumped in.
      https://www.zerohedge.com/markets/so...wer-without-qe
      Excellent article from Michael Hudson.
      https://www.unz.com/mhudson/debt-def...feudal-empire/

      "They" blocked all small corrections in the markets because nobody wanted to lose a cent. All those pent-up minor corrections have built up to formidable pressure.

      Comment


      • 11/07 Bitcoin price nears $16k, but it’s ethereum that may shine in November – CT
        ABSOLUTELY, buy some crypto coin.
        11/07 US seizes $1 billion in bitcoin from dark web marketplace Silk Road – Verge
        Do NOT worry ! I'm sure that this seizure was just a one-time thing.

        Comment


        • Some misc headlines;
          Here Is How Biden Plans To Move Ahead With Mandatory Mask Order
          "I think masks are quite useful, but they have a place and they're not the be all and end all," Siegel said. "I'm worried that mandating this with fines and such may actually lead to more of a rebellion against it."

          Biden Says Trump Refusal To Concede Is "An Embarrassment", Releases List Of All Transition Teams

          It's Already Started: "We Have A List..."
          ..and perhaps the biggest trend of empires in decline is that society frequently turns on itself. Civility ends, and rage takes over...

          Robert Gore: "It's Perfectly Clear..."
          ...the battle is joined, collectivists versus producers.

          Escobar: First Comes A Rolling Civil War
          Biden is on a double precipice of the worst-ever economic depression coupled with imminent explosions of social rage...

          After Yesterday's 15-Sigma Momentum Massacre: Here's What Backtests Say Happens Next

          Pentagon Top Policy Official Resigns After Clash With White House, Follows Esper Exit
          Defense officials hint "several more" to follow...

          S&P Gives Up Vaccine Gains, Tech Is Tumbling As Momo Meltdown Accelerates

          Top DoJ Voter Fraud Investigator Quits After AG William Barr Authorizes Probe
          "Having familiarized myself with the new policy and its ramifications... I must regretfully resign from my role as director of the Election Crimes Branch."

          Media Outraged At Pompeo's Comments On 2nd Trump Administration
          Pompeo said "there will be a smooth transition to a second Trump administration"

          The Collectivist Nature Of Social Media Platforms And Big Tech
          Collectivism is not community, it is not the greater good, and it is not cooperation. There is only The Collective in the rhetorical or symbolic sense, but in reality Collectivism is the manipulation of the many by the few...

          Andrew McCabe Saw No Bias From Peter "We'll Stop Trump" Strzok, Admits He Wouldn't Have Signed Spy Warrant

          Obama Security Adviser Admits Biden Is Already Talking With Foreign Leaders; A Breach Of The Logan Act

          Ex-CIA Chief Under Obama Urges Palace Coup Against Trump So He Doesn't "Declassify Everything"
          John Brennan literally calls for VP Mike Pence to seize power live on CNN.

          The Deep State Vs The Deep Country
          ...more crucially, this is not a contest between the Democrats and the Republicans, it is a contest between a “rejected outsider” and both the DNC and RNC!

          "Shredding The Fabric Of Our Democracy": Biden Aide Signals Push For Greater Internet Censorship
          What is most unnerving is that Russo is denouncing such free speech as “shredding the fabric of our democracy.” There was a time when free speech was the very right that we fought to protect in our democratic system...

          Elite Schools Are The Most Problematic On Speech
          Sixty-one percent of all students believe that shouting down an objectionable speaker is an acceptable form of action, and 18% of all students maintain that violence can be acceptable to stop a speech or event on campus...

          A couple of quotes from Kunstler;
          the election Joe Biden rode in on was a garbage barge of ballot fraud that is on its way to being called out. So, the newspapers and cable stations rushed to declare Mr. Biden “the winner,”
          "The Democrats… the Resistance… “progressives,” the Left — whatever you want to call them — are much less afraid of being caught for committing election fraud than for getting nailed on a long list of previous and quite serious crimes dating back a decade, including SpyGate, MuellerGate (Russian Collusion), Ukraine-WhistleblowerGate, Uranium One, the Skolkovo technology transfer, the Clinton Foundation’s pay-to-play doings, and the recently disclosed influence-peddling and money-laundering schemes of the Biden Family. A little election fraud ain’t nuthin to that massive, reeking landfill of perfidy and sedition,"

          Dominion Vote Tabulation, "the software’s development was funded by the Clinton Global Initiative in 2014."
          https://kunstler.com/cluster****-nation/fore/

          11/10 One in 5 covid-19 patients develop mental illness within 90 days – Reuters
          You can count on Reuters to invent the worst possible headlines



          Comment


          • Waking Times does a good report on what to expect if the self-appointed elites get their way.

            "Driven by the vision of its influential CEO Klaus Schwab, the WEF is the main driving force for the dystopian ‘great reset’, a tectonic shift that intends to change how we live, work and interact with each other.

            The great reset entails a transformation of society resulting in permanent restrictions on fundamental liberties and mass surveillance as entire sectors are sacrificed to boost the monopoly and hegemony of pharmaceuticals corporations, high-tech/big data giants, Amazon, Google, major global chains, the digital payments sector, biotech concerns, etc.
            Using COVID-19 lockdowns and restrictions to push through this transformation, the great reset is being rolled out under the guise of a ‘Fourth Industrial Revolution’ in which older enterprises are to be driven to bankruptcy or absorbed into monopolies, effectively shutting down huge sections of the pre-COVID economy. Economies are being ‘restructured’ and many jobs will be carried out by AI-driven machines.

            because even in 2030, they will need to keep the fear narrative alive and well to maintain full-spectrum dominance over the population.

            The jobless (and there will be many) could be placed on some kind of universal basic income and have their debts (indebtedness and bankruptcy on a massive scale is the deliberate result of lockdowns and restrictions) written off in return for handing their assets to the state or more precisely the financial institutions helping to drive this great reset.

            The WEF says the public will ‘rent’ everything they require: stripping the right of ownership under the guise of ‘sustainable consumption’ and ‘saving the planet’. Of course, the tiny elite who rolled out this great reset will own everything.

            Hundreds of millions around the world deemed ‘surplus to requirements’ are to be robbed (are currently being robbed) of their livelihoods. Our every movement and purchase are to be monitored and our main dealings will be online.
            The plan for individual citizens could reflect the strategy to be applied to nation states. For instance, World Bank Group President David Malpass has stated that poorer countries will be ‘helped’ to get back on their feet after the various lockdowns that have been implemented. This ‘help’ will be on condition that neoliberal reforms and the undermining of public services are implemented and become further embedded.
            On 20 April, the Wall Street Journal ran the headline ‘IMF, World Bank Face Deluge of Aid Requests From Developing World‘. Scores of countries are asking for bailouts and loans from financial institutions with $1.2 trillion to lend. An ideal recipe for fuelling dependency.

            In return for debt relief or ‘support’, global conglomerates along with the likes of Bill Gates will be able to further dictate national policies and hollow out the remnants of nation state sovereignty.

            What will happen to our social and personal identity? Is that to be eradicated in the quest to commodify and standardise human behaviour and everything we do?

            The billionaire class who are pushing this agenda think they can own nature and all humans and can control both, whether through geoengineering the atmosphere, for example, genetically modifying soil microbes or doing a better job than nature by producing bio-synthesised fake food in a lab.
            They think they can bring history to a close and reinvent the wheel by reshaping what it means to be human. And they think they can achieve this by 2030. It is a cold dystopian vision that wants to eradicate thousands of years of culture, tradition and practices virtually overnight.
            Post-COVID, the World Bank talks about helping countries get back on track in return for structural reforms. Are tens of millions of smallholder farmers to be enticed from their land in return for individual debt relief and universal basic income? The displacement of these farmers and the subsequent destruction of rural communities and their cultures was something the Gates Foundation once called for and cynically termed “land mobility”.
            https://www.wakingtimes.com/own-noth...0a583-54347961

            Well, if the plandemic can't accomplish enough culling, they WILL turn to famine.

            Waking Times,
            "As millions face eviction and line up at food banks throughout the country, waiting for another stimulus payment that will seemingly never come, the Senate Appropriations Committee is proposing a $696 billion Pentagon spending bill for the upcoming fiscal year."
            https://www.wakingtimes.com/as-milli...0a583-54347961

            There is just too much of the economy that depends on military spending. Trump can't just shut it off,,,, even if he wanted to. 51% of Americans receive a check from GOV (old number). Much of this is channelled through military contracts.

            UK Treasury Reveals It Didn't Forecast Economic Impact of Second Lockdow

            Comment


            • I don't need to excerpt this. Read the whole thing article to get a good idea of just where we are from a historical point of view.
              https://www.wakingtimes.com/the-grea...0a583-54347961

              Comment



              • I am forced to go in deeper and deeper. The vast complexity of our society creates vast opportunities for the morally corrupt to gain advantage.

                Adam Smith is very famous for writing about economics. Before he wrote about economics, he wrote about morality.

                https://www.amazon.com/Adam-Smiths-M.../dp/0521703867
                I've often quoted Gen. Douglas MacArthur saying that; if a society undergoes moral collapse, total collapse always follows.

                Currently, the war-mongers and parasites are in near-total control of society and the producers.
                I found an excellent article that I must quotes extensively. The primary thought of the article is collapse of society. It relies heavily on a book by Joseph Tainter, The Collapse of Complex Societies.

                “Civilizations are fragile, impermanent things,” Tainter writes. Nearly every one that has ever existed has also ceased to exist, yet “understanding disintegration has remained a distinctly minor concern in the social sciences.”

                The first is that human societies develop complexity, i.e. specialized roles and the institutional structures that coordinate them, in order to solve problems.

                His second proposal is based on an idea borrowed from the classical economists of the 18th century. Social complexity, he argues, is inevitably subject to diminishing marginal returns. It costs more and more, in other words, while producing smaller and smaller profits. “It’s a classic ‘Alice in Wonderland’ situation,” Tainter says. You’re “running faster and faster to stay in the same place.”

                Whether any existing society is close to collapsing depends on where it falls on the curve of diminishing returns. There’s no doubt that we’re further along that curve: The United States hardly feels like a confident empire on the rise these days. But how far along are we?

                Peter Turchin, who teaches at the University of Connecticut, follows Tainter in positing a single, transhistorical mechanism leading to collapse, though he is far more willing than Tainter to voice specific — and occasionally alarmist — predictions. In Turchin’s case the key is the loss of “social resilience,” a society’s ability to cooperate and act collectively for common goals. By that measure, Turchin judges that the United States was collapsing well before Covid-19 hit.

                For the last 40 years, he argues, the population has been growing poorer and more unhealthy as elites accumulate more and more wealth and institutional legitimacy founders. “The United States is basically eating itself from the inside out,” he says.

                Even a short-term failure of the financial system, Tainter worries, might be enough to trip supply chains to a halt. The International Monetary Fund’s most recent “World Economic Outlook” warns of “wide negative output gaps and elevated unemployment rates”

                The book’s Reagan-era roots are more than subtext. He writes of visions of “bloated bureaucracies” becoming the basis of “entire political careers.” Arms races, he observes, presented a “classic example” of spiraling complexity that provides “no tangible benefit for much of the population” and “usually no competitive advantage” either.

                The more a population is squeezed, Tainter warns, the larger the share that “must be allocated to legitimization or coercion.” And so it was: As U.S. military spending skyrocketed — to, by some estimates, a total of more than $1 trillion today from $138 billion in 1980 — the government would try both tactics, ingratiating itself with the wealthy by cutting taxes while dismantling public-assistance programs and incarcerating the poor in ever-greater numbers. What happened on a national level happened locally as well, with police budgets eclipsing funding for social services in city after city. “As resources committed to benefits decline,” Tainter wrote in 1988, “resources committed to control must increase.”

                The overall picture drawn by Tainter’s work is a tragic one. It is our very creativity, our extraordinary ability as a species to organize ourselves to solve problems collectively, that leads us into a trap from which there is no escaping. Complexity is “insidious,”

                Since the beginning of the pandemic, the total net worth of America’s billionaires, all 686 of them, has jumped by close to a trillion dollars. In September, nearly 23 million Americans reported going without enough to eat, according to the Center on Budget and Policy Priorities. Whatever problems those 686 billionaires may have, they are not the same as those of the 23 million who are hungry. Insisting that they should not be allowed to blur together puts not only “society” but also collapse into a different sort of focus.

                https://www.nytimes.com/2020/11/04/m...ction=Trending

                The comments to this article are as educational as anything that I've ever seen. OUTSTANDING.
                Generational Turnings by Strauss & Howe also give us a good idea of where we are in relation to other historical collapses.

                The Central Bankers, starting with Greenspan being the most egregious, embarked on monetary policy that required massive, eternal inflation of the so-called money supply. Was this an accident? Was it planned?
                WE are quickly reaching a point to where monetary inflation (already ballistic) must go stratospheric.
                https://www.zerohedge.com/markets/an...-need-catalyst

                ALL the monetary authorities admit that;
                1. money printing is the only thing holding up the economy
                2. This can't go on forever.
                Beside this, they admit that the danger increases daily.
                They talk like the Great Reset will fix all these problems.
                The Great Reset is the 8astard child of the Cloward-Piven strategy.
                The Great Reset is a massive program of culling the useless eaters.
                What if "they" get more than they bargained for? Our whole society is overly-complicated. It is overly brittle.
                It is likely that they will set off a societal collapse. The Georgia Guidestones call for a population reduction of 7.5 billion.

                The default cascade will arrive before long. Did They factor in every effect?
                The pole flip is underway and, will peak in 4 years. Communications and power generation will cease for much of the time.
                Did they factor this in?
                The effects of the end of peak-cheap-oil will become much worse as fracking collapses.
                Did they factor this in?
                Global cooling will get increasingly bad.
                Did they factor this in?

                The Carrington Event occurred at the same time as the inception of the pole flip. As our magnetosphere gets weaker, there is a MUCH higher bombardment of cosmic rays. This brings much more nucleation and RAIN.
                It also brings severe stress on the body's electrical system. Heart & brain health suffer. What happens when we all go crazy?
                The cosmic rays also cause lava to become more liquid but, that is a different story.

                Comment


                • More notes.

                  "Despite stimulus package after stimulus package, and despite unprecedented intervention by the Federal Reserve, we continue to be mired in the worst economic downturn since the Great Depression of the 1930s. Federal Reserve Chair Jerome Powell openly admitted that “we’re not going back to the same economy”… “We’re recovering, but to a different economy As of October 24th, a total of 21.16 million Americans were bringing home some type of unemployment assistance.
                  One year ago, that number was just 1.45 million.

                  American Retirees Are Drowning In Debt
                  Between 1999 and 2019, the total debt burden for Americans over age 70 increased by 543% and totaled $1.1 trillion according to data compiled by the Federal Reserve Bank of New York. Debt grew by 471% over the same period for those in their 60s and totaled $2.14 trillion at the end of last year.

                  Commercial Loan Demand Plunges To New Post-Lehman Low Even As Lending Standards Ease
                  following the latest round of bank earnings which saw a collapse in loan loss provisions across the US banking sector, which miraculously plunged from near all time highs back to pre-covid levels in the span of just a few weeks.

                  Bay Area Food Bank Now Serves 500k Working-Poor As Demand "Doubles"

                  Lockdowns Haven't Brought Down COVID Mortality, But They Have Killed Millions Of Jobs
                  This approach has clearly failed in the United States as it led to widespread economic devastation, including millions of jobs lost, bankruptcies, and extremely severe losses in profitability. Nor have states with strict lockdowns succeeded in bringing about fewer covid deaths per million than states that were less strict.

                  Was That It For Value? How Does Last Monday's Quant Crash Compare To The "June Swoon" And What Happens Next
                  While last Monday's "Pfizer vaccine"-inspired 15-sigma momentum crash

                  Is The Fed Stuck With "Forever Stimulus"?
                  “They are increasingly on what I call a no-exit paradigm.”
                  To date, the Federal Reserve, and the Government, have pumped more than $36 Trillion into the economy. As shown below, the amount of economic growth achieved has been minimal during that same time frame.

                  Is Another "Crisis" Imminent: The Fed Must Double QE In 2021 But It Needs A Catalyst
                  Monetary Fund and World Bank meetings was on more support for the world economy, not less. Central banks are pulling out the stops to do all they can, boosting financial markets with massive asset purchases and pushing government borrowing costs to record lows.” – Bloomberg

                  As previously discussed, there is a long historical correlation between increasing debts and lower economic growth rates.
                  “Unfortunately, higher levels of debt continue to retard economic growth keeping the Fed trapped in a debt cycle as hopes of “growth” remain elusive. The current 5-year average inflation-adjusted growth rate is just 1.64%, a far cry from the 4.79% real growth rate in the ’80s.”

                  Automation and outsourcing wiped out employment. "They" tried to hyper-inflate to keep domestic employment rolling.
                  "The housing bubble is even bigger than the stock market bubble – Mish"
                  This is a continuation of trickle-down economics. Housing construction and stock earnings kept rolling but, the distortions kept growing.

                  11/15 New US defense chief tells troops ‘time to come home’ – France24
                  11/15 Meet the filthy rich war hawks in the Biden foreign policy team – Mint

                  11/15 Asian borrowers close in on record for dollar bond issuance – Yahoo
                  Yep, they desperately need dollars to roll-over failing debt.
                  Traders On Edge As China Faces $900 Billion Liquidity Shortage
                  Yep, and, it is going to get worse as more Chinese companies fail.
                  Sudden Default By AAA-Rated Chinese State-Owned Coal Miner Sends Shockwaves Across Markets

                  The credit bubble MUST grow. Commercial loans have crashed. No big surprise given that commercial real estate is all defaulting. The FEDs must continually step in to rescue the failing derivatives written on the commercial loans. Much of this QE and stimulus money is going to derivative speculators who know that they can bring down the economy.

                  Trump's new Secretary of Defense Christopher Miller sent a late Friday memo to the entire Department of Defense workforce signaling what the administration will be up to in Trump's last weeks in office a likely major US troop reduction, especially from the Middle East.

                  "We are not a people of perpetual war - it is the antithesis of everything for which we stand and for which our ancestors fought," Miller said in the memo, and emphasized that "All wars must end."
                  This too could be expected to be a big drag on an economy that depends on endless wars to enrich war profiteers and thrash the enemies of the chosenites.

                  15-sigma momentum crash
                  So, does this mean that they are losing control?

                  "And while no one knows precisely what will happen, we can be quite sure that governments will disburse funds to citizens quickly. Digitally. And we can be certain that a dollar in a decade’s time will be worth a fraction of what it’s worth today."
                  "We have gold because we cannot trust governments," said President Herbert Hoover in early 1933

                  https://www.zerohedge.com/markets/pa...something-real
















                  Comment


                  • Hundreds Of Companies That Got PPP Loans Have Gone Bankrupt
                    States are increasing lockdowns again except this time there is no program in place to deal with the mess... Bankruptcy counts will soar. What a disaster.

                    Initial Jobless Claims Re-Accelerated Last Week, Pandemic Claims Continue To Soar
                    as Americans fall off those 'standard' claims rolls, they are transitioning to the Pandemic Emergency Claims rolls...

                    UN Announces Biometric Digital ID Wallet
                    They may not have to mandate anything if they can ‘encourage’ you to obey...

                    "Surreal Debt Tsunami": IIF Shocked To Forecast Global Debt Hitting $360 Trillion In Ten Years

                    Dear Fed: Stop Lying That Low Rates Benefit Poor People

                    COVID Unleashes The Undead Army: 20% Of All US Corporations Are Now Zombies






                    there is now $1.4 trillion in zombie debt, an increase almost $1 trillion of debt since the pandemic struck, bringing total obligations to $1.36 trillion, a flood of new debt made possible by the Fed's backstopping of the corporate bond market


                    You've Got To Ask Yourself One Question. Do You Feel Lucky?






                    ... investors who feel lucky are likely to find themselves staring down Mr. Market’s version of a .44 Magnum.


                    ----------------------------------------------------------------------------------------------------------------------------------------------------------

                    OK, you get the idea. With 20% of American companies unable to service their debt or make any money, the PTB are juicing the stock market to keep some kind of confidence going. Even with PPT loans, the bankruptcies climb. Jobless claims have accelerated.
                    How many bankruptcies would their be without the PPT? loans?
                    How many people would be unemployed if the 20% zombie companies were not supported?
                    Low rates do not help poor people but, that is the only "trickle down" mechanism at the moment.
                    When the FED gets it's digital wallet up & running, They will be able to bypass the current trickle-down system and, send stimulus directly to people.

                    Armstrong;
                    QUESTION: Will debt forgiveness only be for government entities at all levels or will it include private businesses and private citizens as well? If it will be for all, then why not go out now, take out a loan, buy something (i.e. car) with the loan, sit back and wait for the debt to be forgiven, and one has just acquired a new item at very little expense (one may have to lose loan admin fees and a few months of loan payments in the process)?

                    ANSWER: The agenda is you will own nothing and be happy. That means they take everything you own from property to pensions & 401K, and in return, they eliminate all your debts – so you will be happy!

                    San Francisco Going Just Insane Posted Nov 19, 2020 by Martin Armstrong
                    First, San Francisco just banned Natural Gas in any new buildings, requiring them to rely on the electric grid instead.
                    AND
                    PRIVATE BLOG – The Plan to Take Down Power Grid
                    Posted Nov 19, 2020 by Martin Armstrong
                    PRIVATE BLOG – The Plan to Take Down Power Grid

                    PRIVATE BLOG – Trump Proved the Economic Solution was Lower Taxes

                    Nobody knows how high the stock market can go up. It is driven by fear & greed. The 15 sigma crash in momentum stocks requires ever-more QE to recover.
                    https://finanz.dk/after-yesterdays-1...-happens-next/

                    This just makes the eventual unwinding that much worse. The extremes just get that much more extreme as the PTB try to avoid the eventual reckoning.
                    https://www.hussmanfunds.com/comment/mc201116/

                    Comment


                    • 2 great articles today.
                      This article talks about covid and other factors. It's most important comment is;
                      "Furthermore, participation in the labor force has dropped to levels not seen since 1973 and is a crucial measure to watch. Since the “Financial Crisis,” the participation in the “Labor Force” never significantly rose"
                      https://realinvestmentadvice.com/mac...ew-new-normal/
                      The article does mention automation. There is far too little focus on that.

                      This article does an excellent job of future predictions of where all of this is heading. It is a very good read.
                      https://www.goldmoney.com/research/g...bal-reset-scam

                      Comment


                      • There's nothing like a political battle to bring an economy crashing down.
                        Here are some good charts
                        https://www.zerohedge.com/personal-f...cts-our-future
                        The student loan losses may be bigger than the sub-prime losses.
                        https://www.zerohedge.com/markets/lo...ubprime-crisis
                        Here is an excellent article on the general feeling of being cast adrift from the system
                        https://www.zerohedge.com/medical/welcome-interregnum

                        Government planners
                        https://www.zerohedge.com/markets/global-reset-scam
                        European Leader Predicts COVID Hell Will Trigger Monumental "Populist Backlash"
                        The Prime Minister’s solution? Globalist integration, obviously.
                        https://www.zerohedge.com/geopolitic...ulist-backlash
                        The pushback;
                        https://www.zerohedge.com/geopolitic...ocial-contract

                        Struggling Retailers Owe $52 Billion In Overdue Rents
                        Do Not Trust Governments With The Control Of Money

                        Hedge Fund CIO: "There Is A Vague Sense That Something Powerful, Apolitical, Transnational, Is Emerging"
                        The market seems to have so little confidence in our politicians that they no longer even trust them to engage in a proper fiscal fight.
                        Pennsylvania Judge Throws Out Trump Campaign Lawsuit, Setting Stage For Supreme Court Showdown

                        Schwab and the globalists are going ALL OUT to push the great reset. Most of them are academics who have NO CLUE as to how the real economy works. They will fail"
                        https://www.armstrongeconomics.com/a...conomic-forum/
                        Assuming that Trump remains in the White House, you can bet that big tech is in for a good a$$ kicking.
                        https://www.armstrongeconomics.com/w...sorship-tools/

                        Klaus Schwab and his merry band of billionaire usurpers drunk on their own money have seriously underestimated the global resistance to their mad design to control the entire world. They are truly engaged in some wild James Bond plot to destroy the world economy and rebuild it from scratch
                        https://www.armstrongeconomics.com/w...-revolution-2/

                        Comment


                        • The most actively traded financial instrument is;
                          U.S. treasuries
                          Second in line and, equal are, stocks.
                          Third in line and slight less comes gold.
                          https://www.statista.com/statistics/...ets-worldwide/
                          Armstrong shows that public debt vs private debt change position on a long time scale.
                          He is adamant that public debt (sovereign debt) will completely crash with a crash in confidence of GOV.
                          U.S. Debt Is Set to Exceed Size of the Economy Next Year

                          Europe can no longer sell it's public debt. It must finance everything by printing.
                          Historically, the U.S. Treasury created bonds and, the FED monetized them. This worked out very well for the owners of the FED because they got to collect $trillions in interest.
                          Reportedly, the Treasury is still selling U.S. debt. Who really knows? As collapse in confidence in State debt grows, America will no longer be able to sell it's public debt.
                          Looking ahead to this moment, the FED is gearing up to inject liquidity directly into the lower loop of the economy.
                          U.S. Treasuries are the most traded financial instrument.
                          What happens to gold when the Treasury Bond market is obliterated?

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                          • JPMorgan Estimates Up To $310 Billion In Forced Selling By Year-End
                            So, just who is going to buy all this?
                            "
                            14 Million People Will Lose Their Unemployment Benefits, 30 Million At Risk Of Eviction On January 1
                            Meanwhile, congress is in a power struggle.
                            The Republicans favor sending stimulus directly to people.
                            The Dems want it channelled through government. They favor sending bucks directly to the blob State members who are party affiliates.

                            America's Economy Cannot Survive Another Lockdown, And The Cult Of The Reset Knows It
                            https://www.zerohedge.com/geopolitic...reset-knows-it

                            "The lockdowns have not only been proven to do nothing to stop the spread of the coronavirus, but they are also a clear attack on what’s left of our economic system. The small business sector in particular is being gutted as more than 60% of those that shut down during the first lockdown were unable to reopen. Small businesses provide more than half of all employment in the U.S.. When they collapse, the U.S. economy will have nothing left except the big-box corporations that the Fed put on life support over a decade ago.

                            Real unemployment, which is already at 26%, will skyrocket even further if a second national lockdown is initiated. The speedy collapse of the U.S. economy will be assured, and the “great reset” can commence. At least, that is what the globalists want to happen…
                            1. If Trump stays in office, the political left will accuse him of usurping the presidency and there will be mass riots in the streets. Conservatives will be tempted with the idea of bringing in martial law to suppress rioters, and such measures will undermine the flow of the U.S. economy, causing its fragile structure to implode.
                            2. If Biden enters the White House, then he will attempt a Level 4 lockdown similar to the lockdowns we have seen in Australia, France, Germany and the UK; perhaps even worse. Our economy will crumble, conservatives will revolt, and Biden will attempt martial law measures.

                            Either way, the globalists get their crisis, and therein their opportunity.

                            Central Banks To Add Liquidity Worth 0.66% Of Global GDP On Average Every Month In 2021
                            Why not .666% ?





                            Comment


                            • MILLIONS of bureaucrats worldwide are worried about their sinecure (job with no responsibility) and pension.
                              They pinned their hopes on the carbon tax. Trump blew them off. They (collectively) are hard at work to blow him off.
                              Biden announces creation of 'climate czar' position
                              picks John Kerry for the role - CARBON TAX SCAM!


                              Here are some numbers on the debt.
                              "Developed markets’ overall debt jumped to 432% of GDP in the third quarter,"

                              "
                              Covid’s precision-like timing was supernatural – nothing short of sinister. A once in a century international pandemic surfacing in the waning days of an unrivaled global financial Bubble. A historic experiment in central bank monetary management already floundering (i.e. Fed employing aggressive “insurance” QE stimulus with stocks at record highs and unemployment at 50-year lows). A Republican administration running Trillion-dollar deficits in the midst of an economic boom."
                              ""From the FT: “Global debt rose at an unprecedented pace in the first nine months of the year as governments and companies embarked on a ‘debt tsunami’ in the face of the coronavirus crisis… From 2016 to the end of September, global debt rose by $52tn; that compares with an increase of $6tn between 2012 and 2016.” "

                              "
                              According to the IIF, U.S. debt is on course to expand about 13% this year to $80 TN. As a percentage of GDP, U.S. debt jumped from 327% to 378%."
                              "Emerging market debt is expected to jump 26 percentage points this year to 250% of GDP, as indebtedness rises to $76 TN (Chinese borrowers accounting for $45 TN). China rapidly expanded already massive indebtedness, adding a staggering 30 percentage points to 335% of GDP (up from about 160% in ’08)."
                              "A Friday evening Bloomberg headline: “Investors Look Past the Chaos and Throw $53 Billion at Stocks.” In “one of the biggest deluges of cash ever recorded,”

                              Yeah right, these "investors" are U.S. government agencies trying to keep the end of the debt super-cycle from crash for just a few days longer.

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