Economic pressures

[Danny B]

Bringing back poverty and starvation

Nothing much exciting going on today. GOV is blaring headlines designed to maintain confidence. Not everybody is in agreement; Bearish J.P Morgan says sell stocks on any rally - MarketWatch
Hathaway; "
“Much of what passes for financial wealth is in our opinion imprisoned in a matrix from which there is no easy exit." Beware the hologram; Paper Gold: Utopia for Alchemists | Zero Hedge
"This shocking chart reveals that commodity prices are at more than 42 year lows and it shows that the world is tipping into a debt induced depression. "
http://www.24hgold.com/english/news-...ive+Maund&mk=1

Most of the focus is on the stock market. "They" don't want you looking at the bond market; The Bursting of the Bond Bubble Has Begun | Zero Hedge

• Saudi Debt Risk on Par With Junk-Rated Portugal as Oil Slides (BBG) This definitely qualifies as a FAST fall.
• Population Growth In Africa: Grasping The Scale Of The Challenge (Guardian) Bill Clinton made sure that they would have a a population crash.
• 3.7 Million Brazilians Return To Poverty Due To Economic Crisis (Xinhua) Soon to be joined by hundreds of millions worldwide.
1/13 F. William Engdahl: Russia aims to break Wall Street's monopoly on oil prices – GATA Russia can feed all their people. There is a long list of States that can not feed their home populations without tons of oil money.
1/13 War between Saudi Arabia and Iran could send oil prices to $250 – Oil Price The whole economy would come to a shuddering halt.

[Danny B]

The oil crash is bring down everything else

The Baltic Dry Index is the cost of transportation of dry goods by ship. It has crashed into the basement. All the fools of the world thought that the high growth would go on forever. Oil went down and everybody stocked up. They also ordered lots of new tankers. Supply-and-demand strikes again.
"Daily rates for benchmark Saudi Arabia-Japan VLCC cargoes have crashed 53% year-to-date to $50,955 (as it appears China's record crude imports have ceased).

In fact the rate crashed 12% today for the 12th straight daily decline from over $100,000 just a month ago..."
Tanker Rates Tumble As Last Pillar Of Strength In Oil Market Crashes | Zero Hedge
You notice of course that low oil prices haven't lowered airline tickets.
Warren Buffet got the Keystone pipeline blocked,,,, bought Burlington-Northern,,, hauled LOTS of oil. He also got lots of railroad regulations blocked. There have been several crashes of his trains.

"ALERT: Major Signal Preceding Global Stock Market Crashes In 1929, 2000 & 2008 Was Just Triggered!"
http://kingworldnews.com/alert-major...ust-triggered/
"SocGen: brace for a 2008-style crash and US stocks to fall by 75pc " SocGen: brace for a 2008-style crash and US stocks to fall by 75pc - Telegraph
"Whether the eurozone can ever be made to work, or whether it is a doomsday machine with a depressionary Fiscal Compact and misaligned exchange rates that will grate forever,"
Britain's Brexit tantrum grates in a brittle world but the die is cast - Telegraph

The Eurozone is indeed a "doomsday machine". A socialist doomsday machine. Socialism endeavors to provide a standard of living for non-produces that is equal to the productive people. This might work if the non-producers didn't have a high birth rate. Muslims in France have twice the unemployment rate. The French GOV spends 57.2% of the GDP. (2014) The immigrants average 5-6 children. So, those who aren't productive are having the most children.

[Danny B]

Blowing up China's bond market

In Alberta, Canada, a barrel of oil goes for $10. In Nunavut, Canada, a box of Frosted Flakes sells for $15. Canadians Panic As Food Prices Soar On Collapsing Currency | Zero Hedge
Bubbles;
"EM debt bubble... emaciated, FX Carry... crucified, Crude...crushed, High yield bonds... burst, Chinese equities... blown, Trannies... trounced, Small Caps... slammed, Biotechs... busted, and FANGs finally FUBAR! But there is one big (very big) bubble left in the world that no one is talking about,"
"But most importantly, Bank of America has now given a time frame in which China's bond market will blow up, resulting in far more dire consequences than the equity bubble bursting this summer.

On the current trajectory, we doubt the market can stay stable beyond a few quarters," Last Bubble Standing | Zero Hedge
Another reason that carbon energy prices are declining is the market share taken by wind and solar. 121 gigawatts was installed in just the last year. Solar and Wind Just Did the Unthinkable - Bloomberg Business

[Danny B]

Sliding own a snot-covered ski run

Things are coming at us SO FAST. Reactions throughout society seem to move at the speed of communication. I won't use up any adjectives that I might need later.
Headlines;
• China Wants a Reserve Currency and Control, But Can’t Have Both (BBG)
• Layoffs and Unrest Loom in China as Growth Slows (BBG) Unrest is a code word for revolution.

• Dutch Populist Wilders Says EU Finished, Netherlands Must Leave (BBG)

• Iron Ore Risks Tumbling Into $20s on Demand Fall: Citi (BBG)
• The ‘Real’ Price Of Oil Is Below $17 (ZH) "In fact, while sub-$30 per barrel oil sounds very scary, Saudi prices would be less than $17 a barrel when converted into dollar levels for 1998, the year oil sank to its lowest since the 1980s" "Crude At $10 Is Already A Reality For Canadian Oil-Sands Miners" "the thick, sticky substance at the center of the heated debate over TransCanada’s Keystone XL pipeline – hit a low of $8.35 on Tuesday, down from as much as $80 less than two years ago. "
(Re-)Covering Oil and War - The Automatic Earth
The commodity currencies are crashing. When will this affect the petrodollar?
• How Australian Households Became The Most Indebted In The World (Guardian) The Aussies thought that they would continue to sell iron and coal to China until Darwin froze over.
There have been HUNDREDS of successful attacks on the grid; The power grid's greatest enemy has four legs and a bushy tail | Technology | The Guardian

Stocks are doing worse now than they did in the great depression (1) "Worst Start To A Year... Ever!" Black Friday | Zero Hedge
Even financial stocks are crashing; http://www.zerohedge.com/sites/defau...15_EOD21_0.jpg

T.A.E.
"Squeeze oil and you squeeze the entire economic system. That’s what all the ‘low oil prices are great for the economy’ analysts missed (many still do).

Entire nations will undergo drastic changes in leadership and prosperity. Norway, Canada, North Dakota, Russia. But more than that, Middle East nations that rely entirely on oil, a dependency that won’t allow for many of their rulers to remain in office. Same goes for all OPEC nations, and many non-OPEC producers.

The world is full of nations and rulers that are fighting for bare survival" (Re-)Covering Oil and War - The Automatic Earth

Armstrong; "it's the same old story and I'll tell you why—both sides know...Social Security, Medicare, everything goes into deficit starting in 2017. So they are going to continue raising taxes because that's the only thing they know how to do. And the more they raise taxes, the more the economy turns down. They are like a black hole sucking in everything because they do not know how to manage anything."

"When people realize—and we're not there yet—but when the vast majority of people begin to realize that the governments are seriously in trouble...then you have a flight of capital away from government bonds"
http://www.financialsense.com/contri...nd-looms-large
"Just in the two weeks since the start of 2016, the US equity markets are down almost 10%. Their worst start to the year in history. Many other markets across the world are suffering worse." http://www.peakprosperity.com/blog/9...er-has-arrived

[Danny B]

Price and value

There is continuous talk of hyperinflation. It's going to have to wrestle with a LOT of deflation.
"People seem to take for granted that financial values can be created endlessly seemingly out of nowhere and pile up to the moon. Turn the direction around and mention that financial values can disappear into nowhere, and they insist that it is not possible. “The money has to go somewhere…It just moves from stocks to bonds to money funds...It never goes away…For every buyer, there is a seller, so the money just changes hands.”

That is true of the money, just as it was all the way up, but it’s not true of the values, which changed all the way up."
"The “million dollars” that a wealthy investor might have thought he had in his bond portfolio or at a stock’s peak value can quite rapidly become $50,000 or $5000 or $50. The rest of it just disappears.

You see, he never really had a million dollars; all he had was IOUs or stock certificates. The idea that it had a certain financial value was in his head and the heads of others who agreed. When the point of agreement changed, so did the value. Poof! Gone in a flash of aggregated neurons.

Read more: Can Stock Values Simply "Disappear"? Yes. | Elliott Wave International

"For global stocks, Bloomberg notes, the way down ($15 trillion lost in 7 months) has been much easier than the climb up ($30 trillion added in 4 years)." Here's A Chart You Won't See On CNBC | Zero Hedge

Quite a few people predicted the 2008 crash. Only Martin Weiss predicted which institutions would go bust. The Only Ones Who Warned Ahead of Time ... - Money and Markets - Financial Advice | Financial Investment Newsletter ? Money and Markets - Financial Advice | Financial Investment Newsletter

There was a limit to just how far China could rise. When China quit growing, ,the commodity sector realized that it had overbuilt it's capacity. When Chinese wages didn't rise, China couldn't switch over to domestic consumption. Falling American employment meant that America couldn't buy Chinese stuff. Hundreds of Wal Mart stores are closing.
Consumption stalled so, commodities stalled. Wall Street made enormous loans (bets) based on continuous consumption.
In truth, these bets were placed on American wages.

The Grace Commission reported that not one dime of our income tax goes to GOV. GOV just prints the money it needs. The FED targets an inflation rate of 2%. GOV creates price inflation by printing money to pay it's bills. Price inflation, seen from street level is just a cut in wages. GOV is constantly lowering our wages while taking more and more from our payroll checks.
GOV is printing a $ trillion a year because our wages and taxes can't support it. Every $1 of additional taxes reduces economic activity by $3.
Borrowing money to increase productivity is a good idea because it can probably be repaid. Borrowing money for consumption is a bad idea because it probably can't be paid back. GOV is a consumer, not a producer so, the U.S. Treasury bond market can't realistically be paid back.
People park money there for safety.
The Russians and Chinese have pulled their money out. It remains to be seen just how long the U.S. bond market will keep going.
The pundits try to maintain confidence because confidence is the only thing holding up valuations. Valuations in the physical sector are crashing. Valuations in the financial sector are starting to fall.

[Danny B]

Energy, Venezuela, socialist support for war

The bad news has been a steady drumbeat. Buffet was instrumental in blocking the Keystone pipeline so that he could haul the oil on his newly purchased Burlington Northern Railroad. Buffet is at it again. He is trying to wipe out solar power in Nevada. You are being redirected...
• Wall Street Hemorrhages As Oil Tumbles And China Fears Deepen (Reuters) I want to see blood from those SOBs.
• America’s Student-Debt Crisis Is Only Getting Worse (MW) That is what happens when you borrow money to train for non-existent jobs.
• A Recession Worse Than 2008 Is Coming (Michael Pento) Do tell?
• Weak US Data Deluge Points To Sharply Slower Growth (Reuters) They can't say "shrink",, they have to say sharply lower growth.

1/17 Two big banks warning clients to get out of stock market – Birch Gold No kidding,,, After it drops 8%, they tell you to get out.
1/17 Dallas Fed quietly suspends energy mark-to-market – Zero Hedge It wouldn't look good to mark it all zero so, it is marked to "unicorn farts".
1/16 Citigroup, Wells Fargo gird for loan losses as oil price dives – Yahoo! What happens if they run out of unicorn farts?

Venezuela has 141% inflation. Here is a graph of population growth; http://cdn.tradingeconomics.com/char...=201601121538m
Here is a chart of oil revenues up to 2014; https://upload.wikimedia.org/wikiped...ues_1975_-.png They lost $ 24 billion just in 2014. 2015 is worse. 95% of export revenues come from oil.
The president has just declared an economic state of emergency.

Martin Armstrong is going on as usual about the failure of socialism. The French GOV spends about 47% of the GDP. 51% of Americans receive a check from GOV. It is safe to say that GOV is passing out money to people who don't earn it.
"The U.S. Federal Reserve was formed in 1913, with the shareholders being the banks, to provide the cash needed to prevent bank failures. To stimulate the economy when the banks could not or would not lend, the Fed was supposed to buy CORPORATE notes. Then World War I came and the politicians ordered the Fed to buy government bonds. Of course, they never returned the Fed to its original purpose."
"Then, for World War II, FDR ordered the Fed to support the U.S. bond market at PAR. "

Let The Bail-Ins Begin | Armstrong Economics

[Danny B]

Bankers,,, war,,, politicians

Important dates;
The FED was created at the end of 1913.
August 1st, 1914 Germany declared war on Russia
November 25, 1936
Nazi Germany and Imperial Japan sign the Anti-Comintern Pact, directed against the Soviet Union and the international Communist movement.
The Germans never liked the communists.
August 4th 1914 Britain declared war on Germany Germany was taking market share from Great Britain.
April 6th 1917 USA declared war on Germany Britain drug us in.
July 7, 1937
Japan invades China, initiating World War II in the Pacific. China was a catamite to be screwed by Britain. They didn't want to lose market share to Japan.
September 3, 1939
Honoring their guarantee of Poland’s borders, Great Britain and France declare war on Germany. It's not like they cared about Poland,,, they just wanted a war.
So, the allies sided with Russia and attacked Germany. They were warned what the consequences would be. Later, Churchill exclaimed, "we butchered the wrong pig.

December 7, 1941 Japan bombs Pearl Harbor.
America had blockaded Japan which was an act of war. Japan attacked and everybody knew ahead of time, EXCEPT the base commander.
https://www.youtube.com/watch?v=Gm6TV3xs5aU

England was desperate to preserve market share. The war was just for London Bankers and could have easily been avoided (Churchill). They couldn't directly drag America into the European theatre so, They drug us into the Pacific theatre to protect British interests in China hoping to later drag us into Europe.

It was crucial for FDR to force the FED to create bonds to support the war. This can't happen on a gold standard. Once again, we are in a giant credit bubble and a giant war bubble. Once again, the FED gets it's marching orders from the district of corruption.
It is easy to say that "all wars are banker's wars" but the politicians have their own agenda. Let The Bail-Ins Begin | Armstrong Economics

[aljhoa]

Important dates;
The FED was created at the end of 1913.
August 1st, 1914 Germany declared war on Russia

March 24, 1933
The war by the international Jewish leadership on Germany not only sparked definite reprisals by the German government but also set the stage for a little-known economic and political alliance between the Hitler government and the leaders of the Zionist movement who hoped that the tension between the Germans and the Jews would lead to massive emigration to Palestine. In short, the result was a tactical alliance between the Nazis and the founders of the modern-day state of Israel - a fact that many today would prefer be forgotten.

November 25, 1936
Nazi Germany and Imperial Japan sign the Anti-Comintern Pact, directed against the Soviet Union and the international Communist movement.
The Germans never liked the communists.
August 4th 1914 Britain declared war on Germany Germany was taking market share from Great Britain.
April 6th 1917 USA declared war on Germany Britain drug us in.
July 7, 1937
Japan invades China, initiating World War II in the Pacific. China was a catamite to be screwed by Britain. They didn't want to lose market share to Japan.
September 3, 1939
Honoring their guarantee of Poland’s borders, Great Britain and France declare war on Germany. It's not like they cared about Poland,,, they just wanted a war.
So, the allies sided with Russia and attacked Germany. They were warned what the consequences would be. Later, Churchill exclaimed, "we butchered the wrong pig.

December 7, 1941 Japan bombs Pearl Harbor.
America had blockaded Japan which was an act of war. Japan attacked and everybody knew ahead of time, EXCEPT the base commander.
https://www.youtube.com/watch?v=Gm6TV3xs5aU

England was desperate to preserve market share. The war was just for London Bankers and could have easily been avoided (Churchill). They couldn't directly drag America into the European theatre so, They drug us into the Pacific theatre to protect British interests in China hoping to later drag us into Europe.

It was crucial for FDR to force the FED to create bonds to support the war. This can't happen on a gold standard. Once again, we are in a giant credit bubble and a giant war bubble. Once again, the FED gets it's marching orders from the district of corruption.
It is easy to say that "all wars are banker's wars" but the politicians have their own agenda. Let The Bail-Ins Begin | Armstrong Economics

[Danny B]

ongoing religious wars

Yep, you're talking about Herzl; "Theodor Herzl (1860-1904), the founder of modern Zionism, recognized that anti-Semitism would further his cause, the creation of a separate state for Jews. To solve the Jewish Question, he maintained “we must, above all, make it an international political issue.”

Herzl wrote that Zionism offered the world a welcome “final solution of the Jewish question.” In his “Diaries”, page 19, Herzl stated “Anti-Semites will become our surest friends, anti-Semitic countries our allies.”
Zionism and Anti-Semitism | True Torah Jews

1933, Judea declares war on (Christian) Germany; The Jewish Declaration Of War On Germany
What about Russia? "youthful Gray as a decorated officer in the Soviet NKVD (the forerunner of the KGB), responsible for the murder of millions of Christians and gentiles in Russia and Eastern Europe." Judaic Communism: The Documentary Record
"With the notable exception of Lenin (Vladimir Ulyanov), most of the leading Communists who took control of Russia in 1917-20 were Jews."
The Jewish Role in the Bolshevik Revolution and Russia's Early Soviet Regime

WW II, The allies killed millions of Christian Germans and aided communist Russia. The allies were warned that Russia would become a terrible monster.
The jews constantly push socialism. One can assume that jewish media and bankers elected the marxist obama. Putin warned obummer NOT to try socialism and that 70 years of socialism in Russia (USSR) was a total failure.

Putin is bringing a reassurance of orthodox Christianity in Russia. The jewish controlled media can't seem to hate him enough. Religious wars are nothing new.
"in a cruel irony, prior to the bomb exploding nearly directly over the Urakami Cathedral at 11:02 a.m., Nagasaki was the most Christian city in Japan. The massive cathedral was the largest Christian church in the Orient."
https://consortiumnews.com/2015/08/0...agasaki-crime/
Currently, socialism is gaining a foothold in America, http://www.progressivestoday.com/43-...as-socialists/
"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." - Winston Churchill

Mother Nature demands that we compete to strengthen the genetic pool. We all have a sense of personal survival and genetic survival. Socialism runs counter to what nature has imbued in man.
Currently, Europe is being inundated with islamic refugees to create a backlash against islam so that when the collapse comes, the great famines in islamic States and sub-sahara States will be met with indifference.

The majority of jews are innocent of the machinations of the few. Henry Ford wrote about THAT group many years ago; https://en.wikipedia.org/wiki/The_International_Jew

The very powerful jews who are pulling so many of the strings have no allegiance to any State. They are willing to see the greater jewish population suffer along with the goyim.

Obummer is from the Chicago Marxist school that advocates crashing the entire system by financially overloading the system. The Cloward-Piven strategy; http://www.americanthinker.com/artic..._strategy.html
Supposedly, a Marxist utopia will rise up out of the ashes. History says otherwise. We are just going along for the ride.

[Danny B]

Junk supported by more junk,, all of it approved by GOV

Stupid investors look at the employment rate to judge the health of the economy.
"On the other hand, many economists are seeing encouraging signs in the US labor market. In December payroll employment rose by over 290’000 and beat expectations handily.

When you look closer into the numbers you see that 280’000 of those jobs were seasonal adjustments."
Art Cashin: This Is "What You Get Before You Slip Into A Crisis" | Zero Hedge
$ 47 billion in Treasuries dumped in 2 weeks; Foreign Central Banks Furiously Dump US Treasuries: Record $47 Billion Sold In First Two Weeks Of 2016 | Zero Hedge
Junk bonds were used to finance the oil industry. Wells Fargo has set aside tons of money to cover losses in the energy sector. Most of this "money" is,,, junk bonds. "To summarize: $17 billion in oil and energy exposure, which has a modest $1.2 billion, or 7%, loss reserve assigned to it (the highest on the street mind you), and which is made up "mostly" of junk bonds. " Wells Fargo's Problem Emerges: $17 Billion In Junk Energy Exposure | Zero Hedge

" Government produces nothing, but they ultimately consume everything. This is why they ALWAYS collapse. We are in a DEFLATIONARY spiral because they continue to suck in more and more money. "
The Grace commission reported that not one dime of income tax went to gov. Your check is made out to the federal reserve bank. The FED appeared in 1913 when the top tax rate was 7% By 1918, it was 77%.
So, it isn't just GOV sucking out the money.
Leverage v the Black Hole in Economics | Armstrong Economics
The FED has coughed up all the bucks for wars and now GOV wants the FED to cough up money for infrastructure; Article: The Citadel Is Breached: Congress Taps the Fed for Infrastructure Funding | OpEdNews
That's what happens when you don't have your own army.

[Danny B]

Trying to escape financial gravity

Another good article, "Indeed, it is capitalism running amok that is one of the reasons for the disorder. Profits as a share of national income in Britain and the US touch all-time highs; wages touch an all-time low as the power of organised labour diminishes " "The Chinese economy is a giant Ponzi scheme. Tens of trillions of dollars are owed to essentially bankrupt banks – and worse, bankrupt near-banks that operate in the murky shadowlands of a deeply dysfunctional mix of Leninism and rapacious capitalism"
Why are we looking on helplessly as markets crash all over the world? | Will Hutton | Opinion | The Guardian
It's a pretty good article except that it leaves out very important factors. Organized labor doesn't have a chance against cheap labor.

• “Everything Has Come to a Standstill”: Politics Hits Business in Spain (WS) Just wait til WE have a constitutional crisis at the next election.
• Canadian Officials Under Pressure to Stimulate Economy (WSJ) They lost their job (oil production) and now they are broke.

EDIT: couple more things of interest;
Venezuela has declared an economic emergency. Brazil is there too. Now, FRANCE has declared economic emergency.
"($2.2 billion) plan to revive hiring"
"training half a million jobless workers, " For what jobs?
"chronic unemployment, which has been around 10 percent for years." The islamic population is 10% also.
" need to integrate youth from France's troubled suburbs, including minorities who face job discrimination, into the global economy. High unemployment in France's North African and African communities is seen as one of the factors driving some youths to violent extremism or the drug trade."
They don't want to be integrated. The violent extremism comes naturally. Job discrimination because they have no job skills.

Every time that there has been a spike in the oil-gold ratio, there has been a crash. The current spike is the highest ever; What Crisis Is The Gold/Oil Ratio Predicting This Time? | Zero Hedge

[Danny B]

2 good articles

Y'all know that I don't want to overload you with reading.
Y'all know that I don't want you to be blind-sided by this unfolding crash.
The PTB have been trying to maintain confidence. BUT, the big banks have come out and said to sell EVERYTHING. Here is a guy who is the top economist at the most prestigious financial institution in the world. He is real clear too.
Top Economist - Who Predicted the 2008 Crash - Confirms What Alternative Financial Sites Have Been Saying for a Decade | Zero Hedge

B of A says that we are doing a repeat of 1937; Bank Of America Begins 66-Day Countdown Until The "Ghost Of 1937" Returns | Zero Hedge

Italian banks are crashing; Italian Banks Collapse, Short Sales Banned As Loan Loss Fears Mount | Zero Hedge
Charles Hugh Smith has an excellent article on financial triage; Of Two Minds - The Coming Era of Financial Triage

Saudi is crashing very badly and will do even worse if China de pegs it's currency; Saudi Arabia Unleashes Capital Controls: Bans Bets Against Dollar Peg | Zero Hedge
Headlines;
• Hedge Fund That Called Subprime Crisis Urges China To Devalue Yuan by 50% (BBG) Screw them wahabbis.
• China Needs a Great Economic Shift Away From Debt Fuelled ‘Growth’ (Wolf) It certainly won't be WAGE -fuelled growth.
• ECB Plans To Order Banks To Tackle Bad Loans (Reuters) Just how do you tackle a loan that isn't being paid? Rolling Block?
1/20 Bernanke: Don't worry, China's $28 trillion debt is an "internal problem" – Mish Yep, internal problem,,, like swallowing a cherry bomb.
1/20 Unprepared? If so, kiss your money goodbye – Money And Markets
1/20 "If assets remain correlated, there'll be a depression" – Zero Hedge

[Danny B]

Value losses

3 reasons why ZIRP is "never"done; Of Two Minds - Another Reason Why the Middle Class and the Velocity of Money Are in Terminal Decline
This is a somewhat complex article about previous crashes in liquidity; We Know How This Ends - Part 2 | Zero Hedge

Headlines;
• Global Shareholders Have $27 Trillion Locked in Bear Markets (BBG) Locked is the right word.
• US Futures Drop With Asia Stocks as Oil Falls (BBG) More miracles from globalization
• Emerging Markets Lost $735 Billion in 2015, $2 Trillion in 2016 (BBG) Hmmm, $2 trillion in less than 3 weeks. Why does that sound bad?

• Energy Sector’s Default Risk Higher Than In Great Recession (MW)
• Some Bankrupt Oil and Gas Drillers Can’t Give Their Assets Away (BBG)
• PBOC Injects Most Cash in Three Years in Open-Market Operations (BBG)Yep, the central bankers only know one plan.
• China Stock Rout Seen Getting Uglier as Derivative Trigger Looms (BBG)
• One In 6 Americans Go Hungry, One In 3 Kids Will Develop Diabetes (Ind.)

• For the Sake of Capitalism, Pepper Spray Davos (Yra Harris)
• 6 Years Suffering The Violence Of A 1,000 Economic Cuts (DI) Suffering,, you ain't seem nothing yet.
• EU Chief Tusk Gives Refugee Plan 2 Months To Work (AP)
• ‘We Will Come To Athens And Burn Them All’: Protest Returns To Greece (Guardian)

• IMF Cancels Systemic Exemption Rule Created In 2010 To Bail Out Greece (AFP)
Greece will definitely burn, So will France.

[Danny B]

Kickcanistan and BDSM economics

Reportedly, the banks are running scared because of energy defaults; https://www.youtube.com/watch?v=2KJ_nX9CkIg
" Bloomberg is reporting that it is now actually cheaper to rent a 1,100 foot merchant vessel than it is to rent a Ferrari…

Rates for Capesize-class ships plummeted 92 percent since August to $1,563 a day amid slowing growth in China. That’s less than a third of the daily rate of 3,950 pounds ($5,597) to rent a Ferrari F40, "
Global Stocks Enter Bear Market: One-Fifth Of All Worldwide Stock Market Wealth Is Already Gone
"The collective market value of companies listed on the S&P 500 has dropped by about a trillion dollars since the start of 2016,"
20th Largest Bank In The World: 2016 Will Be A ?Cataclysmic Year? And ?Investors Should Be Afraid?

2 new terms; "The big Kahuna is coming to devastate the whole farcical notion of BDSM economics binding disparate continental countries into one ‘superstate’. Fifty shades of economic stupidity are coming to an end after the blob has swathed the populous in hair shirts"
"The physics of debt denial - “Kickcanistan” - are unravelling. https://www.rt.com/op-edge/329567-ec...isis-eu-world/

[Danny B]

High-cost producers losing out

Iran, Norway, Saudi, Russia and American frackers; all brought tons of new oil production online. Not surprisingly, the high cost producers are being wiped out by the low-cost producers. The banks have HUGE loan exposure to the high-cost producers. Moodys rating service has just announced that the high-cost producers have NO future;
Moody's Just Put Over Half A Trillion Dollars In Energy Debt On Downgrade Review | Zero Hedge

Venezuela has more oil than Saudi Arabia. They figured that they were set for life. They mismanaged the whole country and bet everything on sales of oil.
This Is What The Death Of A Nation Looks Like: Venezuela Prepares For 720% Hyperinflation | Zero Hedge

Related headlines;
13-year-old German/Russian girl was kidnapped on her way to school by three Muslim “refugees” and raped for 30 hours
Police say the story about migrants raping a 13-year-old girl in Berlin is fake
So, is the story true or not? Why would the police cover up the rape rampage in Koln?
Armstrong; "Germany. Yes, it is the largest economy and main supporter of the euro. They need open borders and the euro to maintain their economy that is EXPORT driven. "
"Germany is declining. It cannot be sustained with open borders or the euro because the rest of Europe is in serious decline. The refugee crisis is a nightmare. "
Europe Moving Into Meltdown? | Armstrong Economics

Merkel allows the literal rape of Germany to save the economy. It can't be saved anyhow.
Once again, we see the high-cost producers undercut by the low-cost producer.