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  • Danny B
    replied
    Collapsing Birth Rates to Cause 'Jaw-Dropping' Reduction in Global Population, Study Finds
    7/27 The US economy is flatlining – Upfina
    MAYBE, there is a connection.
    The problem with socialism is; everybody wants the State to support them. What happens when this becomes too expensive?
    Obama's Top Economist Warns Of Catastrophic Risk To Economy If Stimulus Lapses
    https://www.zerohedge.com/political/...timulus-lapses
    7/27 Mnuchin says $1 trillion GOP coronavirus relief plan ready – CNBC
    7/27 Kudlow says next round will include $1,200 stimulus checks – CNBC
    7/26 Fed stimulus has created the “cobra effect” – Real Investment Advice
    7/27 Republicans propose a means test instead of $600 weekly benefits – The Street
    7/25 As U.S. debt rises, Biden’s spending proposals near $10 trillion – JTN

    "In an era when machines may leave millions of people without jobs, Russia is reportedly exploring the possibility of collecting taxes from robots, making the payments equal to income taxes paid by human employees.
    Russian companies may have to pay 13-percent tax for using robots instead of people,"
    https://www.rt.com/business/495744-r...ay-tax-robots/

    7/26 China is preparing for war – Ahead of the Herd
    Yeah, maybe. The floods have wiped out their food supply.
    https://www.youtube.com/watch?v=erONP33MBlA&t=319s

    Leave a comment:


  • Danny B
    replied
    This is an excellent article examining the many facets of MMT. Among other things, it states;
    "One of the primary characteristics of differentiation between MMT and our current monetary system is the absence of government debt. Under MMT, there is no need for the government to borrow money.
    Rather than borrow what it needs by issuing notes and bonds, the government spends what it needs, funds its special projects, hires its contractors, and pays its bills"
    "Acceptance of a sovereign currency in payment of existing debts and obligations is encouraged by a familiar government provocation: taxes. One is more likely to accept payment in the sovereign currency when one knows that taxes and other obligations will eventually be due and can only be paid in money of the same denomination."
    "The taxes are due later and do not inhibit or postpone in any way the government’s capacity to spend money."
    "In some ways, MMT is a more factual admittance of what should be an obvious reality. Regardless of any supposed limitations re: a debt ceiling, and independent of all the legerdemain associated with ‘funding’ the government; there are no restraints of material consequence on government spending."
    http://www.kelseywilliamsgold.com/mm...on-on-a-theme/

    The article argues that the State does not need to collect taxes to finance itself. Part of the reason that it collects taxes is; to enforce the utilization of it's in-house currency.
    Walter Burien has long argued that the State has no need to collect taxes.
    http://cafr1.com/

    Armstrong, "We have reached the point of no return. Governments will find it IMPOSSIBLE to constantly roll their national debts as we enter 2021. Any attempt at paying down the public debt or moving into surplus would be catastrophic and undermine the entire world economy. Who are we kidding? The tax burden on each generation will progressively get worse until we see blood in the streets, which seems to be the only solution to corrupt governments."
    "There are those who now advocate Modern Monetary Theory as the ONLY way out"
    "Their view of neoliberalism supported by Keynesian Economics has collapsed. Therefore, the solution is to cancel all physical money, eliminate cryptocurrencies, and force their vision of how to create this New Green World Order/Great Reset"
    Keep in mind that a LOT of people get rich by loaning money at interest to GOV. They aren't likely to wilfully abandon this gravy train.

    Armstrong has long railed against career politicians. He definitely has a valid point.
    "The best form of government I have ever encountered was that of the Italian city of Genoa from which Christopher Columbus came. The city was ruled by a Doge (president), who was a member of one of the richest families. This position rotated among the families, but its duration was that of the old Roman Dictator who would be appointed for one year. BECAUSE the position rotated, no Doge would ever impose a draconian law since he and his family would be subjected to it the next year. There was no class warfare because they ran Genoa like a corporation, competing against Florence and Venice, and thus EVERYONE benefited."

    "My bottom-line political philosophy is that the “We the People” should be in charge directly — not career politicians, EVER!. You have your bureaucrats who run the government who are accountable to the people directly. I do not support people like Soros or Bill Gates using their money to take over huge swaths of government. The office of Inspector General is only a symbolic gesture to the old Roman Tribunus plebis, tribune of the people, who could bring charges against any government official. That power should be restored. I do not support “Republics” nor career politicians that can be bought and paid for."

    Klaus Schwab,,,, "In other words, we MUST accept his Great Reset. He is in league with Bill Gates and others and sees no problem with destroying jobs and sharply reducing the food supply all to further his nonsense to stop global warming"
    https://www.armstrongeconomics.com/w...er-be-trusted/

    QUESTION: Mr. Armstrong, why is Bill Gates pushing to eliminate all physical money?

    AS

    ANSWER: This is part of the strategy behind Microsoft. They continuously pretend to update Windows, yet they are tracking what you do to create profiles to sell that information. Eliminating physical money will further that hi-tech goal of knowing everything we do and how much we are worth to sell to the highest bidder. Gates and his wife were behind India canceling their currency, and they are pushing that agenda at the United Nations and in Europe. Only Russia is standing up against Microsoft and Gates.

    Gates and everyone he buys, like the Clintons, joined him to further his world domination goal. We will see an unending parade of companies joining Gates and his dream. Mastercard has just joined ID2020.

    Leave a comment:


  • Danny B
    replied
    Obviously, the blob State in the form of national government is hunting sustenance wherever it can steal it. Price's Law says that GOV bureaucracy grows by 6% a year, regardless of work load. The State is comprised of many millions of people looking for an income, regardless of their contribution to the economy. Carbon taxes did not bring the money that they were counting on. The next big bet is; digital currency. That way you can not hide anything from the parasites. The current problem is that people can hide in paper money. That problem is being addressed by the C/V problem where physical money is deemed "dirty" First, they came for the coins. Next it will be the paper notes.
    Armstrong; "Governments are hunting gold and imposing all sorts of restrictions. From a true barter perspective, silver coins will be easier to use if they end up canceling the paper currency. This is highly likely in Europe first, and then it will migrate to the USA."
    Jim Willie had lots to say on the matter;
    https://www.silverdoctors.com/gold/g...on-10-reasons/

    Leave a comment:


  • Danny B
    replied
    Armstrong has a lot to say but, he won't say "Jew"
    Henry Ford wrote pamphlets about; Amazon.com: The International Jew: the World's Foremost Problem eBook: Ford, Henry:
    Obviously, this denigrates mainstream Judaism.
    “Economic Hit Man” and Jackals: The Destructive Tools of Empire!
    In his book, Confessions of an Economic Hit Man, John Perkins detailed the pernicious and destructive economic strategies
    Whatever, their affiliation may be, there is a group hell-bent on destroying everything for power and profit.
    Currently, this group has turned their sights on America.

    Armstrong;
    "In these trying times, we have to be balanced. Yes, there will be a rise in civil unrest and anarchy particularly post-September 2020. Nevertheless, these times have been orchestrated by a sinister group."
    "These people have utterly destroyed civilization from sports to a simple buffet, that the invisible strings that bind society together and make it function has been snipped and do not appear anywhere on the horizon for a return."
    "This entire coronavirus scam is tearing the very bonds of civilization apart."
    "It is unimaginable that the mainstream media is that stupid. The ONLY reasonable conclusion is that what they are doing is deliberate political terrorism with the intent to distort all evidence supporting the assertion that the government reaction and media chanting about this virus has been vastly overwrought. We are dealing with such dishonesty in the media and governments around the world"
    "This virus has been drastically manipulated for political purposes and nobody involved will ever admit that they were wrong."

    Here is an excellent vid showing that the same thing happened to Yugoslavia that America now faces.
    https://www.armstrongeconomics.com/a...w-what-we-did/
    One big facet of control is the work done to corrupt the minds of the young. "George Washington University were told to read an anti-racism syllabus that said that conservatism as “incompatible” with black Americans who seek freedom. While Hillary Clinton called conservatives “deplorable,” now they are being called racists by GW University."
    https://www.armstrongeconomics.com/i...al-subversion/
    Yes, the race baiting will eventually lead to race wars.

    Armstrong, "I have stated many times that civilization blossoms when EVERYONE benefits. When one group is given favored status, the process of the decline and fall has begun. There is no need to create laws that specifically guarantee any right to any specific group. The core of a successful civilization is the ALL GROUPS are treated equally. Ethnicity, creed, race, religion, or gender share common rights of equality. They do not share equal God-given talents, but the right to pursue whatever talent they possess."

    Armstrong, "Anyone who ever took a class in psychology will recognize that what the media and government are doing is clear psychological terrorism, which appears to be directed at breaking the bonds of civilization right down to the core."
    "Civilization is created by people coming together and bonding. This is the foundation of a civilization built upon a mutual benefit for all. Civilization begins its decline when the government crosses the line and sees itself as the creator of civilization in their delusional world of power. What they are doing with the aid of the left-wing press has been the deliberate instilling of fear in the air that is beyond belief."
    "Their delusion knows no bounds for they think they can tear the foundation of civilization apart to win at all costs, and then they ASSUME it will end and they will be in power and all we’ll be good."
    https://www.armstrongeconomics.com/i...-civilization/

    Terms from Armstrong; destroyer of civilization,,,, sinister group,,,, left wing press.. You decide

    Leave a comment:


  • Danny B
    replied
    I need to excerpt a great article from C. H. Smith.

    "The greatest scam of the past century is unraveling before our eyes. I'm calling it finance capitalism as a general descriptor of the dominant form of what's called "capitalism" because calling it what it actually is--a fraud that's destroyed the foundations of our economy and society--is, well, a much more difficult sell than "capitalism," which still has some faint echoes of the open markets, etc. that characterized traditional capitalism, which I call naive capitalism because it is incapable of differentiating between the parasitic, predatory finance version cloaking itself as "capitalism" and actual capitalism, in which capital is put at risk, markets are transparent, etc."
    The absence of morality allowed for regulatory capture. The lucrative money pit called the Viet-Nam war started us down the road to insolvency. Without the "golden flywheel" on the printing press, liquidity creation stole from everybody who had an actual productive job.

    "
    There are many labels for the distorted, corrupted "capitalism" that dominates our economy and society: I've long used state-cartel capitalism, others prefer monopoly capitalism or crony capitalism.

    I now favor finance capitalism because the heart of the fraud is finance: printing "money" out of thin air without creating any value or any goods and services. If you can't print "money," then borrow it into existence--that's just as profitable a fraud as printing it.

    As I explained in Our Wile E. Coyote Economy: Nothing But Financial Engineering (June 11, 2020), the fairy tale that America has a truly capitalist economy no longer aligns with the reality that the U.S. economy is now a decaying billboard of "producing goods and services" behind which the real money is made in financial engineering, a.k.a. legalized fraud.
    I've discussed this fraudulent distortion of capitalism for years:
    Has "Financial Innovation" Capitalism Run its Course? (June 22, 2010)"
    When Capitalism Turns to Cannibalism (July 15, 2015)

    What Makes You Think the Stock Market Will Even Exist in 2024? (July 6, 2020)
    Just as Communism was a god that failed, finance capitalism is also a god that failed, an extreme version of crony-capitalism that is nothing more than a mechanism for concentrating wealth and power at the expense of everyone toiling in the real-world economy."
    "Unfortunately for everyone invested in the scam, all the "wealth" created by financial engineering / legalized fraud is fictitious, i.e. phantom. All Ponzi schemes collapse once the supply of greed-blinded marks dries up, and so the "solution" in our finance capitalism fraud is for the central bank, the Federal Reserve, to become the mark with an infinite checkbook: the Fed is busily conjuring "money" out of thin air to buy corporate junk bonds and other "assets"
    As Mark, Jesse and I discuss in Salon #13: The "Phase Shift" everyone is worried about has already happened, the meteor triggering the demise of finance capitalism has already hit. "
    https://www.zerohedge.com/markets/we...nce-capitalism

    Follow the money to find the influence.
    https://forward.com/news/breaking-ne...curity-grants/
    Executives Of Bankrupt Companies Made $131 Million In Bonuses This Year
    7/19 BofE governor signals central bank digital currency is coming – SG
    NOT going to fly. The hackers are just too good.

    Leave a comment:


  • Danny B
    replied
    There are 2 main power groups (of non-producers) who are vying for control of everything. They overlap in the area of control mechanisms.
    All socialist countries go bankrupt. Same for centrally planned economies. America is quite socialist in that the State supports a lot of people who are non-producers. This allows the non-producers to replicate and, increase their numbers.
    51% of Americans receive a check from GOV. 44 million receive direct assistance. This is an OLD number.

    What about China? They are a communist country with a planned economy. If any State has a huge blob State, China must be it. The rest of the world has rejected globalism because it is so destructive. China is getting hit very badly. Confidence is melting away. The Chinese version of the blob State is hard at work trying to ensure that you can't hide the money that it demands.
    Why China’s Rushing to Mint Its Own Digital Currency
    China faces bank runs as the financial system crumbles due to multi-front blows
    China's Exports Down 21.4%
    For a couple of decades, China's main export was unemployment. They moved 300+ million self-sufficient peasants to the city where they depended on State mediated paychecks.

    They have other problems also'
    "Almost all of Chinas major infrastructure is now falling apart due to shoddy workmanship, insanely rushed projects, and inferior design and materials. If this dam fails, it will destroy the homes of over three hundred million people and 1/3 of China's economy."
    Yes, the dam is failing. Cracks appeared long ago..
    7/18 China warns of ‘stronger flood’ as Three Gorges dam faces swell – Nikkei

    The blob State worldwide is the mega parasite. It is scrambling to steal everything that can, everywhere that it can find something.
    Armstrong reports that the CalPers State retirement fund is working to steal the 401k plans to make up for it's losses in the markets. Every other member of the blob state is working on tax increases.
    "They Just Take And Take" - AOC Aims To "Soak The Rich" With Proposed New York Wealth Tax


    7/18 With no end in sight, Congress confronts new virus crisis rescue – AP
    The rescues will continue until the cows come home.
    7/18 Tim Duy: Fed is considering letting inflation run – GATA
    The FED has been trying for years to get some kind of price inflation effect out of all their currency inflation gambits.
    7/18 The express train to insolvency – GoldSeek
    So, what will be the eventual outcome of all the liquidity injections?
    7/18 Bitcoin could soon replace government-backed currencies – Casey Research
    Not as long as the GOV has guns.

    7/18 Millions miss their rent payments, tens of millions could be evicted – ECB
    Buy a 12 pack and forget about tomorrow.

    Finally African leaders are catching on to mass murderer Gates.
    https://www.youtube.com/watch?v=yNdq_7OeitQ&t=7s
    He most certainly has a plan for Africa.
    https://www.zerohedge.com/markets/te...ayment-systems
    They will be chipped for a new payment system.

    How long can the FEDs keep pumping?
    https://www.zerohedge.com/markets/st...lcome-end-game

    Just how long can the printing press save the world?
    https://www.dollarcollapse.com/lawre...rinting-press/
    China Hit By $9 Billion In FX Outflows In June






    The June outflow was tiny in comparison to the massive capital flight observed in late 2015 and 2016, following China's surprise yuan devaluation.


    Leave a comment:


  • Danny B
    replied
    I found a couple of good articles.
    Graphs show an enormous rise in the quantity of money.
    https://www.dollarcollapse.com/lawre...rinting-press/
    Late Degenerate Capitalism
    That’s when a capitalist economy is taken over by the financial markets. Economists no longer regard economic data as a measure of the health and wealth of the nation but for what impact they might have on the financial markets.
    https://dailyreckoning.com/the-last-...cy-capitalism/

    Excellent article about how monetary velocity affects inflation.
    https://dailyreckoning.com/rickards-inflation/
    America long ago passed "peak cheap oil". The State pumped money to speculators that financed fracking to try to keep a low price on carbon energy. All of that is coming to an end.
    https://www.anti-empire.com/the-grea...llapsed-price/

    In Less Than 14 Days, The Government Will Sever Its $600 Per Week Unemployment Lifeline - Mass Civil Insurrection Will Follow...Get Ready
    7/16 Global debt hits record high of 331% of GDP in first quarter – Reuters
    7/17 The forbearance tsunami: 4.1 million mortgages are in forbearance – Dr. HB

    Canada's First 'Mask Murder'? Ontario Police Kill 73-Year-Old Man After He Refused To Comply With Local Mandate
    "It's causing chaos," she said. "If we didn't have to force him and ... tell him that he couldn't come into the store, nothing would have happened, really.
    Seattle City Council Member Suggests Firing White Officers In Massive Reduction Of Police Department
    "The Stakes Couldn't Be Higher" - European Recovery Plan Summit Begins With Leaders At An Impasse
    Armstrong told them in 1989 that this would be the eventual outcome.

    Profs Demand University Police Chief Resign After Seeing 'Blue Lives Matter' Flag At His Home
    "The only way forward is with his resignation. Why is it so difficult to comprehend?"
    The feces-for-brains Left believes that ONLY their values & beliefs have ANY merit.

    Some People Laundered Some Things? Ilhan Omar's Payments To Husband's Firm Top $1 Million
    She has routinely dismissed the inquiries as "smears" and "conspiracy theories."




    Leave a comment:


  • Danny B
    replied
    Armstrong; "We will witness the collapse after 2032 and the shift to Asia. We are looking at 2028 as the start of the major collapse which should take just 4.3 years from that target date. The collapse will most likely take place more like the demise of Yugoslavia whereby it split according to religion but this time there will also be political philosophy. As Western Society begins to buckle at the knees going into 2028, we should expect to see a draconian attempt to retain power starting in 2024."
    https://www.armstrongeconomics.com/a...st-crash-burn/

    As far as a split goes, will this split the cities against the rural areas? Will it pit the blob-state parasites against the real producers?
    7/16 Seattle raises taxes on jobs but exempts public employees – FEE The sacred cow blob state.
    One of the failing points of communism,,,, you can't force the farmers to work for free.

    John Hussman writes a very good article that shows stocks MUST continue to rise in price, no matter the earnings or, anything else.
    https://www.hussmanfunds.com/comment/mc200712/
    Creeping fascism created the corporatocracy AND the destruction of the nuclear family. Creeping socialism helped break up the family by giving social support to everybody who didn't want to abide by any rules.
    The whole pension system depends on stock dividends. The State must pump liquidity into the equity markets or, face the destruction of the pension system.

    The FED is pumping in liquidity by the $trillions. This isn't going to work forever.
    https://www.dollarcollapse.com/lawre...rinting-press/
    Smith; "
    Meanwhile, the entire food chain of landlords, banks, local government, employees, etc. depends on enterprises returning to 100% of 2019 revenues. As tenants stop paying rent, landlords default on mortgages, sending banks into insolvency, leaving local government with less tax revenues and employees with fewer job prospects.

    To a degree few appreciate, the "recovery" since 2009 has been dependent on over-spending, over-borrowing and over-speculating: as spending, borrowing and speculation all pull back to what would have been "normal" levels two generations ago, the economy collapses because it's become completely dependent on over-spending, over-borrowing and over-speculating.
    As consumers and businesses retrench, borrowing declines while defaults and bankruptcies eviscerate bank profits and balance sheets."
    "
    The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed: the small business die-off will bring down distributors, banks, landlords, and employment, and as the this layer collapses then the top predators will starve to death as well: Big Tech, healthcare, higher education, tourism, local tax revenues, etc.
    The clouds are spreading and thickening, and the dawn sky is tinted an ominous red. This is a financial extinction event, and the Fed's pathetic shamans can't reverse history.
    http://charleshughsmith.blogspot.com...ion-event.html

    Leave a comment:


  • Danny B
    replied
    Here is a good article on just how much the Dems are pushing the country towards socialism.
    https://www.breitbart.com/politics/2...ink-socialism/
    Socialism always breaks the bank. Mike Adams claims that California is going to crash in 90 days.
    https://www.naturalnews.com/2020-07-...-collapse.html
    Europe is quite socialist and, the members can't agree on anything.
    https://sputniknews.com/europe/20200...recovery-fund/

    Covid debt
    "If we add government and private debt, we are talking about 200 trillion US dollars of debt, a global increase of over 35% of GDP, well above the 20% seen after the 2008 crisis, and all in a single year."
    "This brutal increase in indebtedness is not going to prevent economies from falling rapidly. The main problem of this global stimulus chain is that it is entirely oriented to support bloated government spending, and artificially low bond yields. "
    "The balance sheet of the European Central Bank has increased by almost two trillion euros so far this year and is already more than 52% of the eurozone’s GDP, much higher than that of the Federal Reserve, which is in 32.6% of the GDP of the USA"
    https://www.zerohedge.com/economics/world-drowning-debt

    The banks;
    "the S&P 500 Financials index is still down 26% since last December. Wells Fargo alone is down 55% this year"
    https://www.zerohedge.com/markets/to...nancial-crisis
    The next shearing;
    7/14 Tesla stock went into reverse and took the Nasdaq with it – CNBC
    7/14 Ten thousand day traders an hour are buying Tesla shares – Yahoo!

    7/14 Trump’s demand that schools fully reopen spurned by big districts – Politico
    He wants to put LOTS of distance between him and the lockdowns.
    7/14 Will the Federal Reserve cause the next riots? – GoldSeek
    There will be lots of contenders on that question.
    7/13 Cost-cutting and covid-19 could catalyze election day chaos – Zero Hedge
    There will be lots of contenders creating chaos.

    7/14 If the US was Japan, the Fed’s balance sheet would be $25 trillion – Zero Hedge
    "They" are pumping in about $1 trillion a month. Just give it a bit more time.
    7/13 Federal Reserve’s $3 trillion virus rescue inflates market bubbles – Reuters
    7/13 Wall Street reaps a bonanza on Fed’s support for corporate debt – Yahoo!
    7/13 American investors are plugging the U.S.’s record budget deficit – Yahoo!
    GOV prints money and, force-feeds it into corporate America to preserve employment. Corporate America pumps liquidity BACK into GOV. GOV must create a LOT of liquidity to make sure that some of it comes back into bond auctions. At the same time that Trump is trying to preserve employment with liquidity, the Left is trying to destroy employment.
    7/14 California to close restaurants, theaters and bars as cases rise – CNBC

    Fiscal cliffs and the self-destructing Treasury – Michael Pento

    "Also of note should be that regardless the crisis (Lost decade(s), Fukushima, 9/11, GFC, Coronavirus) the answer has been the same; cheaper debt to incentivize more debt and call it "growth" (without a concern how it would ever be repaid)."
    Now the US government has decided even the best efforts of US consumers to consume beyond their means isn't adequate...and thus official government debt to GDP is soaring (and of course, this doesn't take into account the 2x to 4x larger unfunded liabilities that did not exist prior to 1950). Like Japan, the US federal government and Federal Reserve have taken an ever increasingly "interventionist role", to great effect for asset valuations. One note on the estimated return to working age population growth by mid 2020's in the chart below...it is entirely dependent on the unlikely return to high rates of immigration."

    This article lays out in detail the fact that we can NEVER return to economic growth while we have population shrinkage. The feces-for-brains in Europe came to the conclusion that they could bring in dirtbag, worthless immigrants and, growth would return. They imported crime & pestilence from "nations" that were famous for crime and pestilence.
    https://econimica.blogspot.com/2020/...thing-but.html
    The tribes from North Africa are famous for NEVER assimilating into a new home country (host). How did the French ever think that Somalis would ever be an economic benefit?
    Just part of the plan to destroy Europe.
    Practical Idealism: The Kalergi Plan to destroy European peoples [Coudenhove-Kalergi, Richard, Dimitra Ekmektsis] on Amazon.com.
    Last edited by Danny B; 07-14-2020, 04:29 PM. Reason: Duhhh

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  • Danny B
    replied
    But let me throw a bit of reality into the mix and it’s absolutely mind boggling.
    5 stocks have just added over half a trillion in market cap in just 6 days. Six days. Ponder that:
    5 stocks now have a combined market cap over $6.5 trillion.
    These very same stocks have added over $1.6 trillion in market cap in 2020:"
    So, the hyperinflation has invaded the upper loop. Eventually, gravity will take over.
    "It gets worse. Since 2019 these stocks have added over $3.2 trillion in market cap:"
    https://www.zerohedge.com/markets/ma...sustainability
    "We Are In Irrational Exuberance": Mike Novogratz Warns Stocks Are "Unhinged From Reality"


    7/11 Catholic church lobbied for taxpayer funds, got $1.4b – AP
    Yep, they had to pay off the pedophile lawsuits.
    7/10 House Armed Services Committee approves huge military budget – Intercept
    Injecting liquidity to preserve jobs. What happens when this comes to an end?

    "The coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said."
    https://thegreatrecession.info/blog/...he-epocalypse/

    LA Teachers Union Says Schools Can't Reopen Unless Charter Schools Get Shut-Down, Police Defunded






    They also want Medicare-for-All, a wealth tax, a federal bailout...


    Leave a comment:


  • Danny B
    replied
    Recovered after everything erased;

    I need to report more on trends and, less on specifics. There is just too much financial news to try to make sense of it all. We all know that various governments have been creating liquidity by the mega ton. One would expect this tactic to result in hyperinflation. John Williams has a good vid on hyperinflation.
    https://www.youtube.com/watch?time_c...ature=emb_logo
    Hyperinflation can not be over-simplified. It depends on; money supply, velocity and confidence.
    For the question of money supply, there is some new news.
    Revolving credit debt drops to $996 billion—the lowest since the great recession
    Fed balance sheet below $7 trillion, repo drops to zero for first time since September

    This is definite deflation from previous extreme levels. Where will it play out,,, which markets?
    Here is an excellent article from a guy who lists his previous predictions and, how they played out. He was often very correct.
    https://thegreatrecession.info/blog/...ur-depression/



    The money supply in the lower loop has been heavily goosed by $trillions in stimulus. "They" want us to continue to make payments up the credit chain. We are NOT doing this.
    Confidence has been lost and, we just quit paying our debts. This requires more and more stimulus to the upper loop to make up the difference.
    Prices in the lower loop have even fallen some. "They" print money and hand it out. "They" can't print confidence so, we limit our spending to just essentials.

    "They" are frantic to keep the banks capitalized. If the FED, et al have cut back on the creation of liquidity, this may be a sign that they are going to throw in the towel
    when it comes to unlimited liquidity.

    America was created as a republic because all democracies fail. Slowly, over the years, democracy has infiltrated our system. The handouts have slowly increased. Our status as "reserve currency" has made it possible to support many millions of non-producers. Typical for all democracies, the GOV goes bust. FED GOV is currently treading water at survival. Armstrong said that the U.S dollar will be the last to fall. Armstrong frames all of this as a fight against socialism. This is mostly true but, it isn't the whole story.
    Galloping automation is a huge pressure on the system. Armstrong writes about how Argentina went from riches to poverty from runaway socialism.
    https://www.armstrongeconomics.com/a...or-me-america/

    C.H. Smith; "The fantasy of linearity holds that a 10% decline in revenues, profits, rents collected, etc. will only cause a 10% decline in isolated parts of the economy."

    As the inverted pyramid collapses, the effects will be non-linear: a 10% decline may trigger dominoes that end up generating an 90% decline in "value" and "wealth" because the collapse of collateral to a non-fantasy valuation will implode all the phantom valuations piled on steadily more fragile and fantastic layers of phantom "capital."
    The fantasy of the Neofeudal Aristocracy is that the losses can be painlessly transferred to the debt-serfs and taxpaying peasantry.
    The Neofeudal Aristocracy overlooks one terribly inconvenient fact: the debt-serfs and peasantry own next to nothing. The non-linear collapse of phantom capital will have asymmetric consequences: all the "assets" most likely to go to zero are owned not by the peasantry but by the Neofeudal Aristocracy.
    http://charleshughsmith.blogspot.com...nd-losses.html

    7/11 Market heads for worst earnings season in 12 years amid slowing recovery – CNBC
    Markets have no earnings. It is only the rise in prices that keeps investors from leaving. If stimulus has stopped,,, and earnings are non-existent, what will support markets now?
    7/11 Global public debt, fiscal deficits to reach all-time high, IMF warns – LiveMint



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  • Danny B
    replied
    Man started out as a hunter-gatherer. He consumed what he produced. Later, man developed farming and animal-husbandry. He still consumed what he produced. As he got more efficient, he produced more than he needed. He invented barter. In a barter system, you always have something of value in hand. Barter became inconvenient because of the mismatch in needs/wants. He developed various intermediaries to direct barter. The best intermediary was something that the greatest number of people needed or wanted.
    Salt was universally needed and, enjoyed widespread acceptance as an intermediary. Hence the word "salary" Eventually, precious metals like gold became the standard intermediary. With the system of intermediaries that had intrinsic value, you ALWAYS had something of value in hand.

    With the invention of paper money, you had a claim on something of value. Since the world is full of people who have no intention of working or producing, there is always a great motivation to corrupt the paper money. Once that the production of paper money is disassociated from productivity, the effortless creation of more paper money runs amuck. In a general sense, the number of claims on the fruits of production greatly increase while the actual "fruits" remain the same. This normally causes the "fruits" to go up in value. This price inflation results when claims go up but, productivity does not.
    In the age of automation, productivity is primarily constrained by a lack of consumption.
    Wages are the connecting link between production & consumption. If wages are lacking, consumption does NOT rise, regardless of productivity.

    The bankers are the primary corrupters of paper money. They are parasites, rather than producers. At the same time, they have great control over the growth of the money supply. Since they are non-producing parasites, they have great motivation to corrupt the money supply in their favor.
    50% of Americans of working age are not in the labor force. Consumption and the velocity of money are falling drastically. This greatly threatens the credit bubble. The current offered solution is; send free money to people to get them to maintain the credit bubble by making payments.
    In the age of covid, the lockdowns have killed confidence. People are hoarding cash and, skipping loan payments. The advent of a second lockdown will make things much worse.
    106 million loans are not being serviced. The bankers are inducing the FED to make up the difference. Regardless of stimulus paid to people, they are not going to regain confidence. They are not going to pay mortgages. $1 trillion a month stimulus is now proving to be inadequate.

    The other great non-producer, the State, is having equal problems at squeezing out sustenance from the taxpayers. The great Blob State, comprised of many millions of non-producing bureaucrats, worldwide can NOT survive on a shrinking tax base. Parkinson's Law states that this blob will grow by 6% a year regardless of work load. The Western world is being heavily pushed into a world socialism scheme as a panacea for the loss of wages, employment and, the tax base.
    The great fault of socialism is that it kills off motivation. The blob State labors away at inconsequential efforts that are all designed to provide a sinecure for people who are unemployable in the private sector. These many millions of bureaucrats do NOT need any motivation other than a paycheck. Socialism looks wonderful to people who never had any motivation to begin with.
    Socialism demotivates the actual producers. As the ever-growing demands of the blob state grow, the demotivated producers cut back production. The bankers demand more. The bureaucrats demand more. The whole cadre of non-producers demand more. The whole system goes bankrupt from the imbalance.

    The Cuban government just told Cubans to grow food or, starve.
    The collapse of socialism generally results in a collapse of the food supply. Man must revert to being a hunter-gatherer.

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  • Danny B
    replied
    I found another excellent comment at Zero Hedge;

    "The current situation in which personal income is soaring as businesses are closed, bankrupt, or just plain losing lots of money should be a wake up call as to the true nature of the situation. A nature and a situation that both the left and the right have never been honest about.
    The purpose of an economy is the support of the population. Tying the support of the population to the vagaries of the business cycle has always been to embrace a risk to the general population which should have been avoided. One builds an economy to carry a population through the biological and the physical needs created by the environment. It is not totally different from an automobile which carries its passengers from point A to point B.

    The point to notice about the two is that the seats in the automobile are isolated from the engine compartment. This is not so with an economy. An economy has most of its seats in the engine compartment and only a few are isolated in comfort away from the noisome center of productive activity. This is a design fault which has never been honestly addressed.
    The right excuses it as an unavoidable necessity while the left has contented itself with throwing in a few cushions now and then. A fundamental redesign has never been seriously contemplated even by the Marxists.

    Production and distribution to the human population are inextricably bound together and have long been considered unavoidable. The fear so engendered has so long been expressed: "Let him work if he would eat!"
    However, production depends on capital as well as labor and consumption depends on both production and, sometimes, imports. In ages in which output depended primarily on labor the above cry had more obvious legitimacy. Production and consumption were so closely tied together both in time and space. Today it is ridiculous to think in such terms with vast production systems stretching across continents.

    Capital is the dominant source of production by far in this age. Now, by this I do not mean labor-capital factor shares, but the obvious fact that capital is the dominant player by far in the physical production of wealth. Much of the wage payment can be attributed to the capital labor works with. A man with a shovel does better than a man shifting dirt by hand. A man with a bulldozer does even better. A bulldozer smart enough to shift dirt on its own would remove the use of labor and its value contribution in the local activity completely.
    For this reason we should not fear so much the use of income supports to labor as a serious threat to the economy because of any reticence of labor to return, but as an opportunity to eliminate an important source of social friction. It is capital that can provide the production needed for any idleness in the work force that may be envisioned. Capital can also reach far beyond such consideration.

    This is a good thing for more seats can be introduced exterior to the engine compartment of the economy. If wage rates were to rise due to government support then substitution of capital for labor is the proper response.
    The support payments are needed now to correct for a very foolish economic action in March; locking down the economy over a foolish medical opinion. But it does offer an opportunity to begin switching the economy away from labor and towards capital while providing incomes which will now, of necessity, and in the future, due to the capital shift, support the population.

    Both the right and left are an extreme danger in this enterprise. The right would deny the idea of general support altogether. The left would embrace it without a commitment to capital formation. It is the fight now boiling between the two which is threatening disaster whoever wins.
    But income support if not generally offered will reasonably cause further crisis and if means to pay for it are not found there will still be crisis. Putting the demands on the back of real capital is the only reasonable way out. The economic future, if there is to be one, belongs to capital.

    The alternative would only be imports which would end in the imperial stripping of the rest of the world to support the United States with the continuing threat of general war even if successful. If unsuccessful we likely would have both war and domestic unrest.
    So put the burden on capital. Begin by raising rates to force the employment of higher return capital and further remove all restrictions on new technology. Continue the support payments indefinitely until they are considered a matter of right. But also chant everywhere: Capital! Capital! Capital! Then put real effort behind the chant."

    The comment is at an article about ongoing support. Trump wants to limit it to $1 trillion. Pelosi wants at least double that.
    https://www.zerohedge.com/markets/st...ession-history

    Rickards writes a good overview.
    https://dailyreckoning.com/monetary-...icy-wont-help/

    Interesting vid about the road that we are on.
    https://videos.utahgunexchange.com/w...nnOwK3tSn.html










    Last edited by Danny B; 07-12-2020, 03:48 AM.

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  • Danny B
    replied
    Everywhere that you look, there is some high mucky-muck person talking about the GREAT RESET. It looks and smells like socialism. Apparently, it isn't that simple.

    "Seriously, nothing of substantial importance is going to default. Unlimited Fed bailouts means unlimited. Forever. And ever.
    We are in, or transitioning to, an entirely new systemic paradigm. Metrics of the past will not behave according to expectations.

    NEW REPORT!
    Understanding The Apparent MismatchBetween Current Economic Conditions and the Financial System
    Summary
    • Existing theories of economics and the financial system cannot match successfully with current conditions.
    • Long term data on stock index breadth, corporate earnings, Treasury yields and S&P 500 dividend yield strongly suggest a fundamental break with the past is in progress.
    • Past economic and financial system models, analytical tools and metrics will have to be entirely reconsidered and reconstructed.
    • The Secular Systemic Shift now underway is so profound and so far-reaching and so all-encompassing that it is probably analogous to the shift occasioned by the Age of Enlightenment, the Scientific Revolution, the American Revolution and (later) the Industrial Revolution.
    Recently, in the wake of the dramatic, catalyzing events associated with the COVID-19 pandemic, analysts have struggled to match the action in the Economy with that of the Financial System. Existing disparities of inequality and maldistribution have been dramatically exacerbated as the financial indices have soared. In no quarter is there found any real explanation for the utter failure of all existent theories to anticipate or explain our current experience. The general reaction is one of befuddled annoyance. Irrespective of viewpoint, left or right, economists and market analysts are trying to figure out why the emergent reality does not conform to their model of how things should be and the default tendency is to wag a finger of blame at the other side of the aisle.
    THEORIES
    Let’s examine the current existing views on the mismatch between the economic crisis and the action in the financial system.
    The “Disconnect Theory” retreads the Austrian view that has been around since Nixon first disconnected the dollar from the gold standard. It basically states that action in the Financial System is so far our of whack with the metrics of what are generally perceived to be “The Fundamentals” that, eventually, this disparity will have to collapse in on itself.
    The “Fed Theory” is an extension of the time-honored neo-Keynesian “Don’t Fight the Fed” party line. It abandons any pretense of analysis and advocates for a fully lobotomized world-view. “Don’t bother to make any sense of it at all…cuz Fed”.
    The minority "Fundamentalist Theory" assures us that the action in the Financial System is reflecting something fundamental. Most often that "something" is defined well within the parameters of established economic performance metrics. We are assured that GDP, employment, corporate profits, P/E ratios and other time-honored measures will inevitably reflect the soaring valuations being priced into the Nasdaq 100 and S&P 500.
    The "Secular Systemic Shift Theory", an outlier minority viewpoint, sees the current period as a transition to a fundamentally new underlying economics requiring a thorough update and revision of all economic theory and a new set of analytical tools. This is a variant on the Strauss/Howe "Fourth Turning" generational shift perspective. While most "Fourth Turning" advocates see the current situation as a transition within the same Capitalist system, the proponents of this view see the present shift as both Secular and Systemic.
    At BullBear Trading, we have been tracking the arrival of a “Secular Shift”, a phenomenon roughly equivalent to the Strauss/Howe “Fourth Turning”, since 2012. In 2018 I started to identify 2020 as the year that the “Shift” would make itself known. The combination of financial and economic crisis, de facto Civil War and de facto major power war between the US and China is the symptomatic manifestation of an underlying fundamental, systemic paradigm shift in progress.
    In a recent essay, “Information is the New Capital”, I began to introduce some elements of a correlated paradigmatic shift into our understanding of Economics and its application to the Financial System. I recommend that readers have a look at that before they dive into the present analysis...

    GO HERE to read the full report:
    https://bit.ly/2ZJwaVe

    This is a comment lifted from Zero Hedge.
    The article is here.
    https://www.zerohedge.com/markets/sp...next-two-years

    Leave a comment:


  • Danny B
    replied
    Well, the focus is turning to China.
    The 3 Gorges dam is starting to slide away.
    AND

    Evacuations In China As Hubei Dam Begins to Slide; Cities Issue Red Alert

    Just to make matters worse, they have new cases of bubonic plague.
    They have new strains of Corona
    4% of their gold is fake bars. It is claimed that much more of the gold is fake, waiting to be discovered.
    1/3 of their 40,000 dams are shoddy construction
    It has been raining for over 30 days with more on the way,,, Why do I suspect HAARP????
    The bank runs have ALREADY started.
    Keep in mind that all capital is pretty much fungible. China created mountains of liquidity and, much of it flowed to Western markets.

    7/08 White House wants stimulus by August with $1 trillion cap – Epoch Times
    $1 trillion a month seems to be baked in the cake.
    7/08 Brooks Brothers files for bankruptcy, seeks buyer, closes stores – CNBC
    You don't need a suit to work from home.
    7/08 Seattle city council passes tax on big businesses – KUOW
    The CEO of a billion-dollar investment firm said his company is getting out of Seattle just in time.

    California 'Utterly Failing' As 2 Million Residents Waiting For Unemployment Checks
    US Budget Deficit Hits A Record $863 Billion In June, A 100X Increase
    Retail Apocalypse Accelerates - 8,700 Stores Closing, Number Set To Rise

    The American Economy In Four Words: Neofeudal Extortion, Decline, & Collapse






    Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy...

    "Stocks Always Go Up" ...Until They Don't
    Powell is pumping as fast as he can

    Now Even Major Defense Firms Are Pushing For COVID Stimulus Money






    Lockheed, Raytheon, BAE Systems?... Because everyone else is lining up at the trough, apparently.
    THAT is what happens when you stop the wars.
    53% Of Restaurants Closed During COVID-Lockdown Have Shuttered Permanently, Yelp Data Shows

    A Potential Crisis In Comex Gold






    It is increasingly possible the gold contract is evolving into deep crisis, and that force majeure might have to be declared if, as seems increasingly inevitable, a wider banking crisis ensues...
    That Chinese gold/tungsten won't help matters.
    Blain: "Pragmatism Is Out The Window, The Days Of Madness Are Upon Us"
    Buy more popcorn.
    Real Estate Expert Warns 'Exodus' From Cities Will Last Two Years
    The coming race wars will speed things up.

    After Sending 1000s Of COVID Patients Into Nursing Homes, New York Blames Deaths On "Infected Staff"
    Explain that to the judge.
    The Madness Of Political Correctness






    "As for the Redskins name, I would suggest they change the name to the 'Foreskins' to better represent their community, paying tribute to the dick heads in Washington DC."


    California Faculty Demands "Free Tuition For All Black, Native, & Indigenous Students"






    ... list of demands for California State University that it says will provide "redress for systemic anti-Black racism in the CSU.”

    Better include guaranteed passing grades for all of them too.












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