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  • BroMikey
    Originally posted by Danny B View Post
    I haven't been writing much because it is so dispiriting.
    "They" created the welfare-warfare State
    Don't worry, every generation behind the next are young, energetic, desiring to get out and about to work. A few couch taters will always remain. have some faith dudes. In fact just this little stretch bottled up in the house peeps are finding it nearly impossible to continue as the shutdowns threaten to crash the eco. Welcome to the same ole playbook used in the 1940's.

    Passed down one generatin to the next American's want to race their boats, cars, planes, you get the idea and it take big bucks. The stuff you flaunt. See mine? Humm...? That is America. Welfare is for those who don't have enough which has pretty much been half the USA at one time or another. The problem with these American's is they keep right on working thru all of their weaknesses and problems. A very obstinate bunch.

    In the last 20 years the farmers have been on food stamps in the winter because the white coats change the unit price as they pull into the elevator. They have to then go to the bank for either a loan or refinancing. Those tractors required with the other implements come in at a 1 $million dollar tag for starters. The payments go out and they live on food stamps, go figure.

    Of course this is all some sort of accidental phenomena

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  • Danny B
    I haven't been writing much because it is so dispiriting. In the beginning, I wrote to warn people of what is coming. It is pretty much here. I'm still writing to try to get some idea of just how bad it will be.
    "They" created the welfare-warfare State that eventually forced Nixon to abandon the gold standard. Since then, the bankers have been able to create very high price inflation that FAR outran wage inflation. They have been skimming EVERYTHING. WE are no longer to support the system with our measly wages. The FED is creating megatons of liquidity to try to make up the difference. This too will bring price inflation that erodes consumption. Stimulus money is an attempt to make up the difference between our wages AND, the cost of survival/consumption.
    Ron Paul on FED inflation.

    Then, there is the major problem of automation & outsourcing.
    John Maynard Keynes said that we need perpetual war to create perpetual economic prosperity.
    "Trump Gave More Money to Pentagon Than Even the Brass Asked For. Now He Says It’s All a Racket"

    New watchdog report decries ‘revolving door’ between the Pentagon and defense contractors

    Top US general rushes to defend Pentagon after Trump accuses it of colluding with weapon manufacturers to fight endless wars

    WE need a new paradigm that replaces war as the main economic driver.

    Meanwhile, "However, "the oligarchs of Silicon Valley running America's technology companies loath Trump and will do anything to ensure Trump's second term never happens," he suggests."

    What could that new paradigm possibly be? What happens if we don't develop it?

    Two important articles on China.
    The huge disasters in China will force food prices way up worldwide.
    Meanwhile, Gates is hard at work to make sure that Africa will starve in the coming credit collapse.

    Charles Hugh Smith has his views on how it unravels.

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  • BroMikey

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  • BroMikey
    Academic institutes inside the USA are and have stolen patent-able info effecting our economy. Cold war is here

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  • Danny B

    Well, this is the third time that everything has erased.

    The Central Bank was originally created to provide war finance. Keynes said that we needed perpetual war to keep the economy stimulated. Roosevelt hoped that entering WW II would pull America out of the Great Depression One. In the 1960s, the FED was used to finance the welfare-warfare State. Over the decades, the FED has gradually morphed to an institution that concentrates more & more on welfare and less on warfare. The central bank is a major plank in the socialist State. The 17th amendment brought America much closer to socialism.
    We have finally reached a point where the massive cost of socialism is coming due on government finance.

    There are many State programs that started out as a good idea. Over the decades, politicians expanded these give-way programs to buy votes. 51% of Americans receive a check from GOV. How long can this go on?

    Short version
    The whole system is so intertwined that the FED must support EVERYTHING just to save pensions.
    The Europeans have discovered that; printing money is NOT the same as creating tangible wealth.

    We already have price inflation but;
    5-reasons the Fed’s new policy won’t get inflation – Real Investment Advice
    9/05 Fed policymakers signal comfort with higher inflation – Reuters
    9/04 Why is the Fed trying to create inflation? – Forbes
    Automation and outsourcing has wiped out the domestic job market. The FED induced credit bubble kept many people employed until the lockdown popped the credit bubble.
    9/06 52% of young adults in US are living with their parents amid covid-19 – Pew
    9/06 The hard math of demography – Daily Reckoning
    The dis-affected youth are drawn toward socialism because crony-capitalism has destroyed so much.
    9/05 You cannot print your way to prosperity – part I – Claudio Grass

    9/05 Why capitalism creates pointless jobs – Evonomics
    They left out the "CRONY"

    The FED is trying to inflate away the burden of paying down debt. This screws everybody else. At the same time, the FED is trying to support ALL markets and, preserve the pension system.

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  • Danny B
    My post got bleeped when I entered this link. I'm going to do a short version.
    The money supply is growing at 68% annualized. Naturally, this brings great fear of price inflation. Who knows. The money supply is growing but, the velocity of money is slowing way down. This cause a huge offset. Things get really crazy when the CB tries to rescue the whole economy.
    The Economy Continues To Unravel Despite All Stimulus Measures

    "It's almost as if the Fed and certain politicians WANT a financial collapse in America..."

    Ah yes, The Great Reset

    The Fed's Latest Lie: It Can Make Everything Go Back To Normal

    Rationalizing 'The Great Reset'

    Whatever its name - Agenda 2030, Green New Deal, or The Great Reset - it amounts to the same outcome: the subjugation once and for all of national sovereignty where the nation state is subordinate to global governance...

    How To Turn A Corporate Credit Crisis Into A Currency Crisis

    Central Banks Are Buying $1.4 Billion In Assets Every Hour: 20 Stunning Facts About The "Market"

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  • Danny B
    Socialism is the firewall between Darwinian pressures AND, the non-producers. Communism and Marxism all fit in there, along with democracy.
    All democracies fail, along with all socialist "experiments". The non-producers are concentrated in GOV and banking. The non producers are forever looking for a free ride.
    "In their Communist Manifesto of 1848, Karl Marx (1818–83) and Friedrich Engels (1820–95) compiled a list of measures necessary to establish communism. Measure number 5 reads as follows:
    Centralisation of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly."

    The tribe controls mainstream media;
    The Zionist NYT Supported Stalin & Communism As The Way To The Future
    "Under Socialism, President Franklin D. Roosevelt signed the 1935 Act, which introduced the payroll tax on everyone. However, the Socialists marketed it as the “Soak the Rich” tax, but payroll taxed everyone but the rich who did not work for a wage."
    Against this backdrop there should be no doubt that once the state has become the absolute ruler of fiat money, the door is open for it to grow bigger and bigger,"

    Armstrong, The press has always been a major tool to create revolutions. They were used by the Communists to pull off both the Russian and Chinese Revolutions. The Obama administration appears to have begun this decline in American journalism by not only selling Utopian Economics (Marxism) to the media,"
    The New York Times journalist Walter Duranty on March 31, 1933, denounced reports of a famine. They were so pro-Communism for they saw Marxism as the way to a new future. It was Duranty who met with Roosevelt to convince him that Communism was working and to encourage his New Deal. The mainstream press in the 1930s were very much touting the Communists. They wanted to hear of Utopia and so reported only what they wanted to believe as they are doing once again."

    Armstrong, "Fauci was directly experimenting with coronaviruses to deliberately create a version that would move from bats to humans. He was ordered to shut this down and sent the research to be continued in Wuhan."

    "Nonetheless, while all the discussion is focused on health, what seems to be overlooked is WHY? Do we really need to increase the speed? The real reason for 5G is being rolled out is not for amazing new gadgets, but for digital currency with instant payments and 100% surveillance. This Pandemic is being used to not only suppress the protests against 5G but to accomplish it in time for the replacement of the monetary system with a new digital currency among nations. They allowed BitCoin and others to pave the way, but now it will be time to outlaw private cryptocurrencies and force them into government digital currencies."
    Welcome to 5G – the new instant surveillance network to keep track of everything and everyone. The conspiracy theories put out with respect to health, are a diversion from the real objective – total surveillance and control. 1984 is here. It was just a bit late in coming.'

    9/04 In San Fran, 19,000 city employees earn $150,000+ in pay & perks – Forbes
    9/04 A cashless society is the opposite of a free society – Casey Research
    9/04 Amazon’s union busting spies REVEALED – Krystal Ball
    Capital has ALWAYS fought labor.

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  • Danny B
    The headlines are sadder every day;


    This article is something to think about;

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  • Danny B
    I worked there during the heydays of the muscle cars. We built tons of;
    1970 1/2 Z-28
    1970 1/2 Trans America
    1970 SS 454 Chevelle
    1970 SS 454 Monte Carlo
    We sent a lot of 402 cid Camaros to Japan
    We made a bunch of SS 454 El Caminos. I can't imagine with worse traction that an El Camino with 510 lbs. Ft of torque.

    On an economic note, we are on a pathway that echoes the runup to the dotcom crash.

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  • BroMikey
    Originally posted by Danny B View Post
    I worked at GMAD in Van Nuys, Ca. I quit in April of 1972 when I was making $11.02 an hour. I still have my pink slip.
    The price of a car brand new $5000 or less so wages should be 5 times that now.

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  • Danny B
    I worked at GMAD in Van Nuys, Ca. I quit in April of 1972 when I was making $11.02 an hour. I still have my pink slip.

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  • BroMikey
    Yup, the beast of burden (donkey) always carries the load. However this is what made America great from it's beginning. Someday Joe sixpack will get a fair shake under Trump, coming right up. Vote Trump 2020. A business man who does not want to see his money in the bank being drained out simply for letting it set there. Like we saw under Obama.

    Under Obama 401k's were completely stolen. People I know in their late 30's will never forget how they either lost it all or 20-40,000 dollars of it. Never to be recovered and no one held accountable. Law and order is coming better than ever under Daddy Trump. To the cheating class he is an SOB. Do it Trump, we will arise as a nation from this cold war.

    The stimulus money will soon be back and renters (often young folks) will find new haven. Right now as it stands the Joe sixpack is getting help as never before seen. It reminds me of Jesus washing the feet of his followers. Many of us are actually getting a rest after 50 years of slavery. many women went back home to their children who were losing their minds trying to save their existence (homes) as children grew up in schools run by filthy govt and day cares.

    I have wept for these mothers for decades some of them I know have been trapped (enslaved) For them I am glad for a reset. Next we will see wages rise for the Joe's of the world who have been pushed around, manipulated and abused financially.

    Remember what congress said, Joe needs $600 dollars plus his normal 2-300 dollars to make it or around $900 for survival. Conversely Joe has been lucky to make $500 clear each week for the last 40 years, since the 80's. Others made $2000 per week but
    this has never been the norm. If Joe made $900 a week he did not see it with $200-$300 dollars being raked right off the top.

    I remember my Dad made $3000 a week back in the late 80's and only took home half of that. He worked for GM in the Detroit area (Pontiac Mich.) as a fork lift driver to start and later plant protection and a crane operator. All he did was walk around to make sure everything was in order. If he saw a pipe broken or a wire down he reported it.

    American's will get a fair shake again.
    Last edited by BroMikey; 08-31-2020, 06:41 AM.

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  • Danny B
    Charles Hugh Smith and the rising wedge model of breakdown
    At least somebody understands the actions of the FED;
    It’s about jobs, jobs, jobs – Doug Noland, Credit Bubble Bulletin

    Federal Reserve: buy a home, save the economy – Press Enterprise
    Owner -occupied homes have barely gone up since 1985. The FED pumps in money and, speculators need a place to park the money. So, construction workers have jobs even though Joe sixpack can only afford to rent. FED money kept house construction going BUT, the resultant price inflation meant that Joe Sixpack couldn't afford the house that he was building. All this "churning" transferred money to the speculators at the expense of the producers.
    Devastating consumer financial cliff coming right up – Mish
    Joe Sixpack wasn't responsible for the current credit super-cycle but, he will definitely suffer from the implosion.

    The Fed and the looming capital market meltdown – GNS Economics
    This has to be a joke, because if it’s not… – Alhambra Partners
    The WEF clarion call: a breakdown of ‘the Great Reset’ – Steven Guinness
    The Great Reset is supposed to usher in the new world order. I suppose that this is possible. Christine Lagarde was the Managing Director of the International Monetary Fund.
    Christine Lagarde has been pushing the Great Reset for years.
    The IMF is a member of the Club of Rome. The club of Rome demands that the population of America be reduced by 100 million.
    You do the math.

    Jeff Bezos just shocked Amazon investors to the core with this dire statement:

    “I predict one day, Amazon will fail.”

    In a recent interview, Bezos explained that he believes “Amazon will be disrupted one day” and eventually “will go bankrupt.”

    What might be even more alarming is that Bezos has been dumping roughly $1 billion worth of Amazon stock every year…"

    Currently, Amazon is 98% of the valuation of the Russel 2000 index.

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  • Danny B
    All the writers are screaming about the wealth transfer from X or Y to the already rich. $ trillions pouring into stocks, corporate bonds, banks, etc, etc. This is touted as a wealth transfer. I'll link a couple of articles.

    The bankers bought the politicians. Investment schemes that had always been illegal rose to predominance. This lead to the "fictionalization" of everything. There were too many speculators and, markets were too crowded. Regulatory capture had allowed the new schemes to proliferate and, extend the credit bubble a bit longer. When all is said and done, there just isn't enough profit in the system to finance all the speculation.

    These many writers are screaming about all the money pumped into wealthy companies. FED GOV has created a payroll protection plan. This should be some kind of hint that; pumping money directly into companies was considered NOT adequate to protect job-payrolls. All this money pumped in is an attempt to keep income rolling for the middle class.
    Fracking lost $ 280 billion. Was this an endless chain of stupid investors? NO it was a State subsidy of your consumption of carbon energy.
    Several years ago, the West reached peak cheap oil. Various schemes were used to keep the American motorist and American trucker rolling down the road.

    Ever since the gold standard was abandoned, finance has caused price inflation that robbed the wages of the actual producer.
    NOW, the price of oil is too low for the producer AND, too high or the consumer.
    FED GOV has been subsidising the price of oil. FED GOV is now subsidising the whole finance sector. 51% of Americans ( old number) are receiving a check from GOV.
    Just how much can the State support?
    If everything is automated and outsourced, what is left to support employment.
    Bank of America sees a very bleak future.

    No matter how bad Main Street looks, Wall Street just keeps rising.
    At the back of your mind, NEVER forget that the Club of Rome is working towards reducing the population of America by 100 million. The IMF is a member, along with MANY other powerful groups. The IMF has been preaching about the Great Reset for many years. Will you be surprised by a banking collapse?

    8/26 UK scientist: Lockdown was a “monumental mistake on a global scale” – Summit
    Ah yes, the "plandemic"
    8/26 “Central banks, not elected governments, run the world” – Claudio Grass
    It has been quite easy for the corporatocracy to buy whatever politicians they needed to control. Keep in mind that a LOT of powerful people want to do population reduction on a big scale.
    8/26 Fed seen holding rates at zero for five years in new policy – Yahoo!
    So, what about all those pension funds that need an 8% return?

    8/27 The Senate is on vacation while Americans starve – NY Times
    8/27 Rand Paul: Biden ‘will continue to spill our blood and treasure’ – Hill
    The Neocon war hawks are trying to regain the control that Trump wrenched away from them. They would have us return to subservience to the mother country.
    8/26 Hillary Clinton says Biden should not accept results of the 2020 election – ZH
    8/26 Republicans paint dark picture of future if Trump loses – AP
    If the Left / Dems want to continue to destroy America to get it realigned with the wishes of the mother country, look for a total economic meltdown around election time. That would be a good time to close the banks.

    Seems that the Dems may have miscalculated just how much law & order Americans want.
    Trump pops to 52% - 'Best job approval rating on record' up with blacks, even Democrats
    It remains to be seen just what Trump can do about the great reset.

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  • Danny B
    Money mechanics,

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