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  • Re: Egyptian lawsuit

    I seriously doubt that someone can file a lawsuits against an amorphous group of descendants who are 150 generations removed from an amorphous group of un-named individuals who committed a crime against an amorphous group of un-named, victims. The jews, as a group have been blamed for a lot of things for a long time. They have been kicked out of just about everywhere. The Balfour declaration (illegal) gave them judea/palestine/trans-jordan as a homeland that they can call their own. At that time, it was only 7% jewish. The ethnic cleansing started out in places like Der Yassim. Reportedly, the Balfour Declaration was the payoff to the jews for dragging america into WW II.

    Comment


    • $21 trillion extracted,,,, more to come.

      U.S. national debt, $21 trillion,,, $180 billion. (real time)
      Here is another curious number.
      "According to the Department of Defense Inspector General and the Defense Finance and Accounting Service, $21 Trillion in Taxpayer Funding Is Unaccounted For.

      As unbelievable and absurd as that sounds, the actual total of unaccounted for money at the Pentagon is most likely significantly more than $21 trillion."
      About That Missing $21,000,000,000,000: It May Be Significantly More Than That – Investment Watch Blog
      Our newest aircraft carrier can not launch planes with a heavy fuel load or any bomb load. What did that cost? Do YOU know who paid for that?
      The EMALS Disaster

      "Great empires, such as the Roman and British, were extractive. The empires succeeded, because the value of the resources and wealth extracted from conquered lands exceeded the value of conquest and governance. The reason Rome did not extend its empire east into Germany was not the military prowess of Germanic tribes but Rome’s calculation that the cost of conquest exceeded the value of extractable resources.

      The Roman empire failed, because Romans exhausted manpower and resources in civil wars fighting amongst themselves for power. The British empire failed, because the British exhausted themselves fighting Germany in two world wars."
      "In his book, The Rule of Empires (2010), Timothy H. Parsons replaces the myth of the civilizing empire with the truth of the extractive empire. He describes the successes of the Romans, the Umayyad Caliphate, the Spanish in Peru, Napoleon in Italy, and the British in India and Kenya in extracting resources. "
      "Americans don’t seem to get any extractive benefits from it. After eight years of war and attempted occupation of Iraq, all Washington has for its efforts is several trillion dollars of additional debt and no Iraqi oil. After ten years of trillion dollar struggle against the Taliban in Afghanistan, Washington has nothing to show for it except possibly some part of the drug trade that can be used to fund covert CIA operations. "

      "America’s wars are very expensive. Bush and Obama have doubled the national debt, and the American people have no benefits from it. No riches, no bread and circuses flow to Americans from Washington’s wars. So what is it all about?

      The answer is that Washington’s empire extracts resources from the American people for the benefit of the few powerful interest groups that rule America."
      "The military-security complex, Wall Street, agri-business and the Israel Lobby use the government to extract resources from Americans to serve their profits and power. The US Constitution has been extracted in the interests of the Security State, and Americans’ incomes have been redirected to the pockets of the 1 percent. That is how the American Empire functions. "
      "The New Empire is different. It happens without achieving conquest. The American military did not conquer Iraq and has been forced out politically by the puppet government that Washington established. There is no victory in Afghanistan, and after a decade the American military does not control the country.

      In the New Empire success at war no longer matters. The extraction takes place by being at war. "
      "The American empire works by stripping Americans of wealth and liberty.
      This is why the wars cannot end, or if one does end another starts."
      "It is ironic that under the New Empire the citizens of the empire are extracted of their wealth and liberty in order to extract lives from the targeted foreign populations. Just like the bombed and murdered Muslims, the American people are victims of the American empire."
      https://www.paulcraigroberts.org/201...-then-and-now/

      The comments section spells out the antipathy against the jews by the average american.
      https://www.zerohedge.com/news/2018-...C0%2C0%2C0%2C0

      So, the American ship of State has run aground. PCR mentions that future generations will have to pay these enormous debts incurred to promote the American hegemon. This isn't completely accurate. We will definitely be in extreme poverty. Our poverty isn't going to pay back anybody. We won't be generating taxes for FED GOV. We won't be generating profits for the banks. Hopefully, not a single nickel will go the the war industries. The MIC and the pensioners will be locked in battle.
      PLANT A GARDEN !

      Comment


      • The next QE will be too late,,,, ETF detonation

        There have been a lot of bets that the Powell FED would let things deflate up to a point, and then, resume QE. Stockman claims that the system will be too far gone at that point. He has some pretty good numbers on QT (quantitative tightening), the opposite of money printing.
        "Simple Steve Mnuchin. After reading the latter's recent claim that financing Uncle Sam's impending trillion dollar deficits will be a breeze, we now understand how he sat on the Board of Sears for 10-years and never noticed that the company was going bankrupt."
        It went bankrupt because of corporate raiders.

        Accordingly, for the last two years the 200-DMA has held---but the buying spurts have been entirely faith-based, not Fed enabled. "
        The SNB admits to buying $80 billion of US stocks.
        "What we are saying is there is no "Powell Put" at 2615 (200-DMA) or 2460 (400-DMA) or even 2250 (800-DMA).

        To the contrary, there is in our judgment 15-20% of downside before the Fed relents, but by that point it will be too late."
        "To wit, when the Powell Put fails to appear as expected, the casino will have its Wile E. Coyote moment. And at that point there will be nothing to stop the doomsday machine of ETFs/vol shorts/risk parity trades/levered bond funds/CTA trend followers and combustible bespoke gambles from plunging off the high cliffs of Bubble Finance."
        This is debatable because of foreign capital inflows.

        "And the $70 billion shown here is just the UST side of the bond dumping campaign. There is another 40% share of the shrinkage coming from the run-off of what was once the Fed's $1.8 trillion GSE "
        Yeah, about those GSEs.
        While the U.S. will attract capital inflows to private markets, most people will be put off from public debt,,,, because of Armstrong.
        "The main event is QT and the $600 billion bond dumping experiment"

        "To wit, real production of industrial output is up a scant 1.2% since the pre-crisis peak ten years ago, while consumption of real durable goods has soared by 53%. We'd be more than willing to bet that isn't sustainable"
        That is the "vendor financing" I was talking about.
        "Still, that get's us to the great bond market collision dead ahead. For the first time in history, the combined financial arms of the state---the Treasury and Fed--- will be selling government debt, existing and new, with malice aforethought."
        Contra Corner » The Donald’s Fabulous Fiscal Folly And Wall Street’s Wile E. Coyote Moment
        In the main, I agree with PCR. I still think that foreign capital inflows will make a difference.

        More from Nomi Prins,,,, on that "experiment"
        "The book dives into how central banks rigged the cost of money and the state of the markets, and ultimately created more inequality and instability as a result. They did all of this in order to subsidize private banks at the expense of people everywhere."
        "Since the financial crisis, the Fed has been unleashed. The U.S. central bank has quite literally fabricated nearly $4.5 trillion in funds to buy bonds (assets) from the major private banks. It should be noted that those private banking institutions are members of the Fed system."
        The FED pumped in all that money and got foreign borrowers hooked on cheap dollars. They are now pulling the rug out and crashing foreign CBs and private banks.
        "The reality is, central banks have provided money as cheaply as possible to banks in order to keep the private banking system operating."
        Yep, and the FED plans to be the last man standing.

        "What this meant was that an external supply of money was injected into the world’s markets, in a nearly limitless amount. These actions pushed markets higher, and the bond markets were inflated with this excess money, causing a new round of debt bubbles."
        True but, in the meantime, it financed a LOT of wars.
        I won't bandy the truth about. Congress and the FED have been controlled by israel for some time. The FED went on a pump & dump QE that forced other CBs to follow. Though the PBOC didn't seem to need a lot or pushing.
        Nobody could buck the FED. Just as israel crashed their bond market, the same will happen to America.
        Israel receives MANY $billions in foreign aid from States around the world. When they crashed their bond market, they could fall back on foreign support. They knocked 3 zeros off the shekel and carried on.
        America won't have anybody to fall back on.

        "All told, the current outstanding U.S. debt is just about $40 trillion — or $10 trillion more than the entire U.S. equity market."
        The article goes on to show that most of the trading in an ETF market is in the junk (high yield) markets. Any kind of lockup in junk brings the rest of the market to a stop.
        https://www.cnbc.com/2018/05/08/the-...etf-story.html
        That would be Stockman's "Wile E Coyote" moment.

        Illinois goes from sucky to,,, suckier, https://www.bloomberg.com/news/artic...o-fix-in-sight

        Comment


        • Originally posted by Danny B View Post
          Reportedly, the Balfour Declaration was the payoff to the jews for dragging america into WW II.
          S. 447: Justice for Uncompensated Survivors Today (JUST) Act of 2017
          APR 24, 2018 Passed House
          The bill was passed by both chambers in identical form.
          It goes to the President next who may sign or veto the bill.
          The vote was by voice vote so no record of individual votes was made.

          https://www.govtrack.us/congress/bills/115/s447

          Al

          Comment


          • So, you say that you work for the mafia

            So, just how much difference is there between the government and the Mafia?
            The Abergil crime family is a Moroccan-Jewish crime organization based in Israel, and located ... Considered one of the six major organized-crime cells in Israel, and one of the world's top 40 biggest drug importers to the United States
            Is Israel becoming a mafia state? | The Times of Israel
            a promised land for organized crime? - WikiLeaks
            Israel awash in Mob crime and corruption | The Mob Museum
            Top 10 Jewish Crime Syndicates - Listverse

            Do Americans control the lawmakers? Do they create all that debt to help the average person? Do all those continuous wars increase our security?
            Do Americans want israel to control America?

            The Biggest Organized Crime Groups in the World | Fortune
            Is the United States run by a sophisticated organized crime ...
            The Merger: How Organized Crime is Taking Over the World: Jeffrey ...
            https://www.amazon.com/Merger-Organi.../dp/B008SMORDI
            Gangster's paradise: how organised crime took over Russia | News ...
            https://www.theguardian.com/.../how-...a-vory-super-m..
            Future of organized crime: Future of crime P5 | Quantumrun
            Future of organized crime: Future of crime P5 | Quantumrun

            Organised crime: the economic underbelly | World Finance
            https://www.worldfinance.com/wealth....mic-underbelly
            Organized Crime: The World's Largest Social Network | WIRED
            https://www.wired.com/2011/01/ff_orgchart_crime/
            Organized Crime Has Gone High Tech - Police Chief Magazine
            http://www.policechiefmagazine.org/o...one-high-tech/
            Shape-Shifting Crime in an Age of Globalization - World Policy
            https://worldpolicy.org/2016/06/29/s...globalization/

            "There is very little difference between one and the other, from a practical standpoint. If you’re willing to do a suspension of disbelief exercise with me…"
            "Now, I understand that people are taught over the course of their education about “civics”, the social contract, and such. Imagine if you will that the mafia was teaching your children. I’d wager they would explain the duty of paying your protection money, and how it’s part of the cost of living under their auspices. Stefan Molyneux has a pretty solid video on debunking the social contract in less than 5 minutes."
            "Now, I don’t expect most people to accept this, it’s often a fundamental change in HOW people can see the world, and it’s scary going around realizing that most of what government does, it does for the benefit of insiders, and might even be described as a “tax farm”, designed to find ways to extract the most revenue possible from its denizens."

            "Ironically, the black market is the overlap between seeing the services the crime syndicates provide, and that the government forbids from being provided. "
            Yep, make something illegal and,,, a whole new market opens up for the criminals.
            Lysander Spooner — 'If taxation without consent is not robbery, then any band of robbers have only to declare themselves a government, and all their robbing is legal.
            Much of israel's economy is controlled by organized crime. It is painfully obvious that israel controls America.
            "On October 3, 2001, I.A.P. News reported that according to Israel Radio (in Hebrew) Kol Yisrael an acrimonious argument erupted during the Israeli cabinet weekly session last week between Israeli Prime Minister Ariel Sharon and his foreign Minister Shimon Peres. Peres warned Sharon that refusing to heed incessant American requests for a cease-fire with the Palestinians would endanger Israeli interests and “turn the US against us. “Sharon reportedly yelled at Peres, saying “don’t worry about American pressure, we the Jewish people control America.”

            "— Senator Fullbright, Chair of Senate Foreign Relations Committee: 10/07/1973 on CBS’ “Face the Nation”.

            “I am aware how almost impossible it is in this country to carry out a foreign policy [in the Middle East] not approved by the Jews….. terrific control the Jews have over the news media and the barrage the Jews have built up on congressmen… I am very much concerned over the fact that the Jewish influence here is completely dominating the scene and making it almost impossible to Congress to do anything they don’t approve of. The Israeli embassy is practically dictating to the congress through influential Jewish people in the country”

            What chance does Trump have of extracting America from mob control?

            Comment


            • Shabam! expensive dollars wipe out the world.

              I'm not getting any feedback on this thread. Does this stuff need more explanation? Can you get a reasonably good idea of your future financial situation? I seem to be writing on an infinite blank wall. Oh well,,,, carry on.
              There is a lot to read. Powell at the FED has just posted an execution notice for about 30 countries. First thing. Look at this chart of the U.S. Dollar exchange.
              https://www.zerohedge.com/sites/defa...BDXY%205.8.jpg
              Here is how foreign currencies reacted, https://www.zerohedge.com/sites/defa...urns%20MTD.jpg
              Powell said that rising rates will be NO PROBLEM for the R.O.W. How high, you ask?
              "Meanwhile, also overnight, JPM CEO Jamie Dimon said it’s possible U.S. growth and inflation prove fast enough to prompt the Fed to raise interest rates more than many anticipate, and it would be wise to prepare for benchmark yields to climb to 4%. Such a scenario would be a disaster for EMs:"
              Keep in mind that rates north of 3.5% will crash a LOT of U.S. corporate debt. Are the monetary PTB counting on foreign capital inflows to rescue markets?
              "As for the indicator that markets should keep an eye on to decide when it's time to panic, we reported yesterday that Bank of America is keeping an eye on one specific catalyst for imminent contagion: "EM FX never lies and a plunge in Brazilian real toward 4 versus US dollar is likely to cause deleveraging and contagion across credit portfolios."
              https://www.zerohedge.com/news/2018-...u-are-your-own

              The R.O.W. is suddenly getting desperate.
              "The answer is that while the Fed is technically tightening, other Central Banks, particularly the Bank of Japan (BoJ) and European Central Bank (ECB) have been printing their currencies by the hundreds of billions."
              THEY AREN'T PRINTING DOLLARS.
              "the ECB grew its balance sheet by 63%. And the BoJ has grown its balance sheet by an astonishing 260%."
              https://www.zerohedge.com/news/2018-...flation-coming
              They print Yen but, need dollars for dollar-denominated debt service.

              Armstrong, "hatred of other ministers after he introduced 30 new laws. The outrage was so intense, he was dragged out and executed in his judicial robes in the town marketplace. There was far greater resistance toward changing the laws in China than there was in Rome. These incidents of publicly executing ministers who tried to make the laws even harsher were not unique but became far more common in China compared to the West.

              Still, that is not the worse of such events to drag public officials out and execute them. Back in 1672, the Dutch killed and even ate their Prime Minister. I wonder if some people who hate Trump that much would not do the same today and CNN would probably broadcast it as a special event."

              Keep in mind that all the finance ministers went to the same school of economics,,,, dunderheads, all of them.
              Armstrong, "QUESTION: If governments have been borrowing without limit since world war 2, are you saying that there is some line that is cross in debt to GDP that results in default?
              If France’s debt is less than the USA, then why is the French economy doing so badly? So what is the real issue that causes defaults?

              To answer that question we need to introduce currency. France and Germany were less impacted by converting to the Euro than Greece, Italy, Spain, and Portugal. Why? Currency Inflation! Southern Europe had always issued debt and over time you were paying back with cheaper currency. The USA is insulated in that manner. $1 million in 1930 could buy 1,666 Cadillacs. Today, financed for 39 months, the cost of a Cadillac is $26,700, which means that $1 million will only buy 37.4 cars. The debt issued in 1940 has been devalued over time. This is how debts have escaped the theory that a national debt has some limit."

              "Then countries like Germany worry about the debt so they raise taxes to keep the ratio down below 70%. In taking that approach, they lower the standard of living of their population to support the government. The government spending as a percent of GDP in Germany has run on average about 46.5% of GDP compared to the USA average at 36.57%. The higher that ratio the lower the standard of living. It also warns that there is a limit to taxation before you reach the threshold of revolution "

              The debt crisis we are currently in has been accelerated by two factors:
              1. deflation making past debt more expensive and
              2. artificially low interest rates

              "The crisis we face globally is that as interest rates rise, the servicing of the debt will rise exponentially. This will impact everyone around the world. Now, if the dollar rallies sharply because of the structural crisis in Europe and the turning down of the economies elsewhere, then the past debt of the USA will rise in real terms as was the case with Greece. Then add to this Cauldron and stir gently rising interest rates.
              Shabam! You reach the threshold of a debt crisis!"
              https://www.armstrongeconomics.com/w...ually-default/

              the past debt of the USA will rise in real terms If capital inflows just go to private markets and, NOT to sovereign debt, we (GOV) will definitely have a Shabam moment.

              Super Mario Draghi has evidently had a cerebral haemorrhage.
              " Mario Draghi has created the worst possible financial nightmare perhaps in modern history since governments began borrowing in the 12th century. These are not driven by a free market, but one that is manipulation of a central bank gone absolutely mad."
              "This is completely driven by the insanity of the ECB. In fact, Draghi purchased around $ 2.6 trillion in securities since his Quantitative Easing began in March 2015. He assumed that this would stimulate the economy. However, all it has done is kept the member states on life-support. He is trapped and has no way out, which is why he has come out and said that the ECB will reinvest when the bonds they hold mature. There will be no end to this madness and he has single-handedly wiped out the bond markets."
              OK, so, you see the source of the capital flight. Raising U.S. rates is poison to both domestic debt and emerging market debt. Not to mention to a couple dozen other miscellaneous States.
              https://www.armstrongeconomics.com/i...-just-lost-it/
              Private capital will drain out of 40,,,50 ??? foreign markets. This will happen just at the time that they need all the capital ($) that they can get to service rapidly rising dollar-denominated debt service.
              Apparently, the East will introduce gold-convertible bonds to stabilize their bond markets. The West (Europe) will go down in flames. The Emerging Markets will light up like Vesuvius,,,some like Krakatoa.
              Russia will do fine. Sub-Sahara Africa will descend through all 9 circles of hell when the credit freeze stops the NGOs from feeding them.

              The East and, the Emerging Markets can close ranks and default on EVERYTHING that is dollar denominated. Why not? They can't make anything worse.
              One last happy thought from Armstrong.
              "They pray at the foot of their bed every night that the stock market will crash and the world will be brought to its knees in retribution for their lack of understanding.

              They will never be able to survive what is on the horizon because they are too biased to be objective. They cannot even understand that a weak dollar helps everything and a strong dollar creates the deflation and collapse in debt. The only way to survive is an open mind and try to let the markets explain reality."
              "Greece got in trouble BECAUSE they joined the Euro, the Euro then doubled in value and their previous national debt then cost twice as much deal with. Hello? Why can’t they get this through their heads?"
              https://www.armstrongeconomics.com/m...dollar-turned/

              Comment


              • Couple of short notes

                5/09 Student debt just hit $1.5 trillion – MarketWatch
                5/09 UK retailers suffer sharpest sales drop in 22 years – Guardian
                No money, honey.
                5/09 Australians’ payments spike as interest-only loans expire – Mish
                5/06 150,000 UK ‘mortgage prisoners’ need relief from expensive deals – Ind


                "Total consumer credit rose 5.1% in the first quarter, compared to a year earlier, or by $184 billion, to $3.824 trillion"
                "The chart below shows the progression of consumer debt since 2006."
                https://wolfstreet.com/wp-content/up...al-2018-Q1.png
                "Auto loans and leases for new and used vehicles rose by 3.8% from a year ago, or by $41 billion, to $1.118 trillion."
                "Credit card debt and other revolving credit in Q1 rose 5% year-over-year (not seasonally adjusted) to $977 billion. "
                "Student loans in Q1 jumped by 5.4% ($77.8 billion) year-over-year to $1.51 trillion. "
                https://wolfstreet.com/2018/05/08/co...loans-q1-2018/

                Comment


                • Kicking the EMs and Eurozone off a cliff

                  Everybody asks me , when is the crash going to hit. If you are one of the many people living in a tent or, your car, the crash has already hit. Foreign capital inflows seem to be holding up the stock market,,, for the time being. But, there are other reliable indicators.
                  "To put this in perspective, if the Fed hikes just two more times (which is 50 basis points) and the 10-year keeps sticking below 3%, then the yield curve will invert.
                  This is important because yield curve inversion – when the spread turns negative – has preceded the last seven straight recessions."
                  I kinda doubt that the 10 years will remain at 3%.

                  " There is also the cash hoarding problem going on – and that’s a bad signal of economic health.

                  To summarize, when things are going well in the economy – people spend more money and save less. Because they feel confident they will be able to make that money back.
                  But when things are uncertain and become difficult – people save their money. They will put off dining out and buying things they wanted and instead keep money in their bank account for a ‘rainy day’.
                  Today, Americans are saving at the highest levels since the 1991 recession. They are skittish about the future." PARTY ON !

                  "Finally, and most importantly, another situation signaling trouble ahead is a little-followed indicator – but is eerily accurate. . .

                  The South-Korean Export Growth (SKEG) Indicator. . .
                  Many wouldn’t have guessed that South Korean exports are a great leading indicator of global corporate earnings (EPS).
                  But historically – it is.
                  And right now, the SKEG indicator just turned negative.
                  That means so will global corporate earnings.
                  Just look at the 25-year correlation between the two. . ."
                  Great graph, https://i0.wp.com/palisade-research....02%2C489&ssl=1
                  https://palisade-research.com/economic-problems-ahead/

                  It appears that Powell is hell-bent on raising rates as fast as possible. This has immediately crashed a bunch of other currencies. The big question in my mind is; will the strong dollar kill the British pound? I truly hope so. I would very much like to see the masters of the universe in London hanging from pikes on Threadneedle street.

                  Argentina is a good example of what happens when U.S. interest rates rise.
                  "Because of the increasing cost of credit in the US, Argentinian capital began fleeing the country and moving northwards. The Argentinian peso already lost more than a quarter of its value against the dollar. This, of course, leads to terrible consequences for the Argentinian population: the outstanding dollar-denominated debt has, effectively, increased by a quarter in terms of pesos. On top of that, interest expenses in local currency over these dollar-denominated debts have also increased by a quarter. "
                  https://www.goldrepublic.com/news/Tr...ollar-Reversal This is going to play out the same in many States around the world.

                  "All bubbles collapse, but not all bubbles collapse in the exact same way. I believe the Fed has created a perfect storm of combined deflationary and inflationary factors; an economic bomb to surpass all economic bombs."
                  Stagflationary Crisis: Understanding The Cause Of America?s Ongoing Collapse
                  Rising oil prices;
                  "4. Who loses?
                  India, China, Taiwan, Chile, Turkey, Egypt and Ukraine are among those on the worry list."
                  Turkey seems to be on a lot of "bad" lists.
                  Europe is circling the drain and, Ray Dalio plans to be there to get rich off of shorts.
                  https://www.zerohedge.com/news/2018-...s-short-stocks

                  Rough going everywhere.
                  5/10 Bitter pill for European leaders as Trump abandons Iran deal – Yahoo
                  5/10 UK PM May suffers upper house defeat over Brexit plan – Reuters

                  5/10 Stagflationary crisis: Understanding the cause of America’s collapse – Alt-Market

                  Comment


                  • The world currency that won't launch

                    The R.O.W. is running out of dollars to service dollar-denominated debt. They bid UP the existing dollars to make payments. This is a self-reinforcing cycle that is quickly starting to run away.
                    Armstrong says that the dollar will rise until it causes the maximum pain. He disagrees but, "they" want to replace the dollar with the SDR.
                    https://www.youtube.com/watch?v=POMmkRH3QCM
                    The Economist Magazine is a mouthpiece for the people who believe themselves to be the global elite. In 1988, The economist predicted that we would get a new "World Currency" in about 2018.
                    https://socioecohistory.wordpress.co...mist-magazine/

                    It would NOT be a stretch of the imagination to say that they planned it all along. It would not be a stretch of the imagination to say that they actually brought it about. Greenspan was a gold-loving hard-money type of guy. Then, he flipped. He executed the "Greenspan put". That got us started on the road to great inflation of the upper loop. Was it just coincidence that Greenspan and other FED heads were jewish? Was it just coincidence that the FED inflated like crazy until a goy came on the job?

                    Was it just coincidence that the district of corruption got taken over by dual-citizen neocons hell-bent on world domination?
                    General Wesley Clark – Seven Countries in Five Years
                    "we’re going to start with Iraq, and then we’re going to move to Syria, Lebanon, Libya, Somalia, Sudan and Iran.” Clark said the neocons “wanted us to destabilize the Middle East, turn it upside down, make it under our control.”
                    Yeah, that worked real well in Afghanistan.
                    "Shocked, Clark responded to Wolfowitz at the time by asking: “The purpose of the military is to start wars and change governments? It’s not to deter conflicts?”
                    None of this is news. Israel-firsters hijacked the country a long time ago.

                    The DOD says that $21 trillion is missing. If the total military budget is about $1 trillion a year, how could $21 trillion be un-accounted for? I suspect that the DOD was doing a lot of check kiting.
                    Way back in 2007, I posted that David Walker, the U.S.Comptroller General refused to certify the budget. Since all the money stays in the banks, who would know if U.S. GOV was a $trillion overdrawn?

                    Back to The Economist. They tell us for certain that the SDR is going to be used to re-liquify the world markets after the dollar crashes. After the dollar is destroyed, there will be NO OTHER sovereign currency that would be accepted worldwide. This is true. The zionists and neocons and Dick Cheneys of the world have it all planned out.
                    In 1991, the U.S.S.R. collapsed,,, with a lot of help from Pox Americana. The neocons came SO close to getting a revolution in Russia. Surprisingly, Yeltsin saved the day. He managed to collapse the coup.
                    https://web.viu.ca/davies/H102/Yelstin.speech.1991.htm

                    After the collapse, Pox Americana dismissed any worries about Russia and, the whole East in general. 10 years later, Pox Americana started to worry again about Russia. "They" squeezed out $ 250 billion to attack the Russian bond markets. These bogus bonds were cashed in to the FED on 9/12/2001 without the normal clearing procedures. By coincidence, the FED just happened to be remotely operating when the towers came down.
                    Pretty good luck,,, wouldn't you say?

                    So, 2001, there was an attack on the Russian bond markets. Russia survived. Then, on Oct 1 of 2015, the Russians demonstrated the capabilities of their new weapons and new jamming systems.
                    China knew that they would be next in line for enslavement after Russia fell. The 2 joined up to fight the criminals from the district of corruption and Tel Aviv.
                    That is where we stand now. Netanyahooo and the neocons are doing everything (almost) that they can to drag Russia into a war before the dollar collapses. These changes in geopolitical strength will NOT allow the IMF to dictate anything about the SDR. Part of the reason for this is; American defense contractors worked to create cost over runs. Russian defense contractors worked for future survival.
                    Russia has about $75 trillion in natural resources. North Korea has about $15 trillion in minerals, heavily in rare-earths.

                    Europe will collapse into a smoking ruin. Latin America doesn't look good at all. When the smoke clears a bit, those who have the natural resources will make the rules. The rule will be; only gold will be accepted.
                    Armstrong said that the reset would come when we reached maximum pain. IF the SDR is rejected and GOLD is enthroned, we will definitely see a lot of pain before gold is accepted.

                    Armstrong said that pensions are the next crisis,
                    https://www.financialsense.com/fs-st...rtin-armstrong
                    Somebody else said that public debt will be the next crash,
                    https://www.thestreet.com/investing/...-bomb-14584620
                    So the dollar is going to climb and climb. Yes, gold will fall,,, for a while.
                    The dollar will be the last man standing. The R.O.W. will get ever-more desperate. The dollar will rise to a certain point, and then,
                    https://capitalistexploits.at/2018/0...urney-to-hell/
                    Pox (Anglo)Americana can not force the R.O.W to accept the SDR. The R.O.W. does not need to force America to use gold for reserves. They only need to refuse to sell us stuff for dollars.

                    Comment


                    • You are full of crap (and meat and bones - LOL)

                      Hey Danny, that joke is lame, I know, but take a deep breath and let it go! Look here. I keep coming back to read your posts so you have at least one regular reader. Don't give up on us! I read your post where you complain that you are discouraged because you don't get much feedback. It looks like "Low Joe" and I are the only two readers you got. Well he reads your posts and I appreciate your effort. You get at least "some" pleasure from posting or you would have quit a long time ago. So as long as you feel up to it and enjoy the process, keep up the good work.

                      I do think you beat up on the Jews unnecessarily. Every group has its saints and sinners. When I read "Jews" I insert "some" because I know you mean some Jews and not all. There are bad apples in every bushel. But I honestly don't read every word from Armstrong or Tyler or half of everything else you read. It would be interesting to me up to a point but I would be overwhelmed and for what purpose? I have enough other things to think about and do. I think you may have a lot of followers that just don't have a clue what to say to you. You are way above their heads. They are in a continuous state of panic and discouragement. They are overwhelmed and spend most of their time "putting bread on the table."

                      Anyway, lighten up and I hope you keep going.

                      The economy is still a huge operation. The Titanic could not turn on a dime and it will be some time still for things to collapse as predicted by the doom and gloom crowd. The facts are true and obvious to a small percent in both the upper and lower loop but the majority don't understand and just live from day to day or paycheck to paycheck. Things are accelerating in a downward direction in my view. I am still on the lookout for a trigger that can and will change the mass psychology.

                      I think the interest rate may be the trigger.

                      It can easily start a chain reaction and contagion. Let's say the FED follows through and raises the interest rate to 3 percent. Eventually they will go all Volcker, but I think 3 percent would be a step along the way. The sheep would at that point still believe the lies about "safety" and the banks and corporations, being "less safe" would follow along blindly and expect "their" paper to earn 3+ percent. Retail prices would be inflated to "pay" the price of debt. Each person and corporation, acting independently, would see the shift in prices through their conventional glasses and act in self preservation. The wheels would come off rather quickly over the course of a few weeks.

                      It has to do with perception, of course. As a retail customer, my cost of living is going up, my discretionary income is evaporating. My paper money is dear and I see price inflation everywhere I look. On the one hand I see inflation but the "money" has become expensive. (and THAT is deflation) I am talking about things from an American perspective. The effect on the ROW and EM and their perspective will be a bit different. I won't harp on that.

                      The banks and corporations will have a slightly different perspective. They will see things from a legal/accounting/market forces POV. Their challenge will initially be to balance "all" the factors and many will either bulk up their debt or engage in fraud. They are already trapped but don't seem to know it. They will fail a few at a time and the market volatility will be alarming. Few will see the connection but contagion will be awesome to behold. I remember when corporate failures were headline news. What would it be like to have not one Enron every three months but a new Enron every week and that week after week? Daily? It's only a matter of time.

                      I gotta go. See ya!
                      There is a reason why science has been successful and technology is widespread. Don't be afraid to do the math and apply the laws of physics.

                      Comment


                      • Thanks

                        Originally posted by Danny B View Post
                        I'm not getting any feedback on this thread. Does this stuff need more explanation? Can you get a reasonably good idea of your future financial situation? I seem to be writing on an infinite blank wall. Oh well,,,, carry on.
                        ...
                        Yes, carry on, please. I read most of your posts on this thread. Learned a lot. Cannot imagine how you research and compose such volume. I don't "buy" everything but certainly appreciate the opinions.

                        Regards,

                        bi

                        Comment


                        • Long term viability doesn't look so good

                          Originally posted by bistander View Post
                          Yes, carry on, please. I read most of your posts on this thread. Learned a lot. Cannot imagine how you research and compose such volume. I don't "buy" everything but certainly appreciate the opinions.
                          This has definitely been a learning experience for me too. My 20 minutes of college didn't give me any background in economics. Yes, I cover a lot of "volume". Out of necessity, I have to bring in a LOT of history.
                          Human nature remains the same but, our destructive capacity is rapidly growing.
                          Keep in mind that we are the last in our genus.
                          https://www.youtube.com/watch?v=BwQWNpgdP6U
                          Home Erectus died out <100,000> years ago.
                          Modern man's ancestor Homo erectus became extinct '108,000 years earlier than previously thought' | Daily Mail Online
                          Neanderthal died out <35,000> years ago.
                          Our all-consuming complexity coupled with our astounding destructive capacity make us especially vulnerable to collapse. The coming pole flip and solar minimum will cause huge problems. At the same time, our solar system is moving out of galactic dust clouds that protected us from a lot of cosmic radiation. We could join Neanderthal and all the rest.

                          Comment


                          • Blob State consumes Europe,,, too much money in the wrong places

                            For those of you living in the Eurozone, I can't stress it enough that you must become preppers. Especially those of you living in German, French, or Swedish cities. The Euro has been recognised as a "dead man walking". The French are most at risk because the State spends 57% of the GDP. When the bond market collapses, the persons who have the LEAST amount of a stake in French society will cause the most destruction. The muzzies will burn the place down. They already torch about 40,000 cars a year. What will they do when the dole stops?
                            We all wonder when. Look at how fast the Argentine crisis unfolded. No telling how fast the eurozone will unravel.

                            Putin REALLY wants some kind of solidarity with Western Europe but, he is dumping the Euro.
                            Putin says he wants to break with the dollar but dumps euros instead | Gold Anti-Trust Action Committee
                            5/11 Putin: Whole world sees ‘dangerous dollar monopoly’ – Zero Hedge
                            This is nothing new. Don't worry. The shiny new SDR will take over.
                            5/10 Good news: Public union membership about to dive – Mish Abandon ALL hope. If the money people just CAN'T recognise that would-be consumers must have a decent wage to do any actual consumption, the fall down will never stop until it hits a very hard bottom.

                            5/11 Europe, again humiliated by Trump, struggles to protect its interests – NYT
                            That giant sucking sound is the sound of capital leaving Europe. The European blob state of bureaucrats is far too heavy of a load for the productive economy to carry.
                            5/11 Eurosceptic, anti-immigration Five-Star and Lega have coalition green light – Mish
                            5 Star wants to just dump the onerous debt. Italian banks are extremely weak. 5 Star will do well in elections and cause even more capital flight.
                            5/11 EMP Commission warns of year-long blackout and massive death toll – SHTFPlan
                            The fear of terrorists is wearing off in spite of all the attacks like Sandy Hook. An EMP attack is like terrorism. You just don't see it coming and,,, you should be fearful all the time. Your good, old Uncle Sam will protect you.

                            Armstrong, "The idea that the Fed can stimulate the economy by handing banks more money is the most stupid idea I have ever heard."
                            The FED had to pump money into the upper loop. Pumping it into the lower loop would let us stop working.
                            "Then Congress instructed the Fed to buy their debt for World War I and never restored the design of the Fed. So now the Fed buys only government paper "
                            How else do you expect the Welfare-warfare state to exist?

                            "I have stated also many times that the domestic money supply of any nation can be increased and decreased by international capital flows. If the Chinese come and buy a piece of real estate, they bring in money for a dead asset. The seller now has money that did not exit domestically before the sale. If two Canadian sell and buy a home, nothing changes domestically. But a foreign buyer must import the cash to buy the home and thereby the available cash domestically increases with the state doing nothing"
                            The hot money coming into Vancouver is a good example.

                            "You can create all the money you want, but if the banks will not lend and consumers will not borrow and prefer to hoard because they do not trust the future, you will be in a deflationary cycle."
                            The State was hoping to create a wage-price spiral to lift the heavy burden of paying back the bond market. But, since there was no wage inflation,,, there was no spiral. We have monetary inflation with deflation of almost everything else.
                            "This is why I have made it clear many times. The 2007-2009 Crash was far more devastating than the numbers show because real estate dropped and people felt that they lost their wealth. This is why liquidity remains about 50% of 2007 level"
                            "All these politicians imposing laws to curtail real estate are just brain-dead. This is the one area you do not mess with."
                            Very interesting article, https://www.armstrongeconomics.com/a...ion-deflation/

                            The banks tripped over each other in their haste to loan money to people who could not pay it back. They inflated the debt load but, wages were never inflated.

                            Comment


                            • Mentally prepared

                              So, there are 2 people and a 100 bots reading this thread.
                              I'm fascinated by history and, writing this thread entails reading a lot of history.. I'm not discouraged. I see SO much participation in the American ruling class thread, I thought that there would be more contributors.
                              A fellow FE researcher said that reading one of my posts here was like reading a PHD dissertation. Dunno, I thought that this stuff was pretty straightforward.
                              As far as the doom & gloom stuff, nobody is going to fall over dead. Times will be tough. Yes, the criminals will kill quite a few people. Those people who are mentally prepared will fare much better. There is a huge difference between being worried and being concerned. Just go through life and keep a weather eye out so that you aren't taken by surprise if the banks close.
                              The majority of people will panic because they are caught flat-footed. Things won't be bad until people make them bad.

                              Comment


                              • Capital flight = RE bubble

                                5/11 Third of British homeowners priced out of their own property – Independent
                                Cheap credit fuels house prices rising 200 times faster than income .Australia

                                AND
                                Capital flight from Saudi Arabia has contributed to the sizeable decline in official reserves.
                                Why China Lost About $3.8 Trillion To Capital Flight In The Last Decade
                                Jan 1, 2018 China expert Anne Stevenson-Yang warns capital flight to intensify ...
                                Capital Flight and the Latin American Debt Crisis | Economic Policy .


                                Globalism does not work because capital moves instantly and, people do not. The price of a house must be relative to the wages in the same area. When the hot money floods in, a lot of people get priced (and taxed) out of a house.

                                "Armstrong, All these politicians imposing laws to curtail real estate are just brain-dead. This is the one area you do not mess with."
                                Very interesting article, https://www.armstrongeconomics.com/a...ion-deflation/
                                This is pretty stupid. Greenspan bubbled up RE to the moon. FED GOV actually penalized bankers who did not do enough liar-loans. Our socialist-in-chief wanted to raise the rate of home ownership way up. What did the feces-for-brains think would happen? "They" wanted to jack up the economy by increasing RE and, the resulting wealth effect. Everybody used their home for an ATM.
                                The banks made their fees and, TARP fixed everything.

                                US housing prices are rising twice as fast as wages - New York Post
                                The hot money flows to where it gets the best return. This is the rule until a downturn. Then, the hot money flows to where it gets the best protection. The U.S. currency has never been cancelled. The U.S. doesn't report earnings to foreign States. Capital flows to the States with the strongest property rights.
                                The dollar will keep rising.

                                5/10 Here’s what $70 oil means for the world economy – Bloomberg
                                5/11 Get ready for $100 a barrel oil and the conflict it represents – CNBC
                                "Trump has promised to enact the "highest level of economic sanctions" against Iran, which would cut off the U.S. market from its oil exports. "
                                https://www.cnbc.com/2018/05/10/oil-...t-watcher.html
                                $100 oil would put the brakes on a lot of things. Wait and see.

                                Comment

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