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  #3271  
Old 05-17-2019, 04:13 PM
Pot head's Avatar
Pot head Pot head is offline
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Obsessive Compulsive Disorder

You just can’t help yourself.
You don’t know how to stop.
Try.
Seek another person out and tell them in person.
Science is truth.
Every other thing is not.
Seek out the truth in science, become free of your obsession.
Every ADULT knows about what you are writing because they are awake.
Have you just come out of your coma?
Do you consider yourself the tip of the spear?
You are just parroting Alex Jones.
Except for the links linking offsite, which puts a drain on the forum.
I find nothing helpful on this thread.
It ain’t science.
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  #3272  
Old 05-17-2019, 04:35 PM
Allen Burgess Allen Burgess is offline
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Quote:
Originally Posted by Pot head View Post
You just can’t help yourself.
You don’t know how to stop.
Try.
Seek another person out and tell them in person.
Science is truth.
Every other thing is not.
Seek out the truth in science, become free of your obsession.
Every ADULT knows about what you are writing because they are awake.
Have you just come out of your coma?
Do you consider yourself the tip of the spear?
You are just parroting Alex Jones.
Except for the links linking offsite, which puts a drain on the forum.
I find nothing helpful on this thread.
It ain’t science.
Fool! Take another look at yourself:
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  #3273  
Old 05-17-2019, 04:45 PM
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Pot head Pot head is offline
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Proof

Quote:
Originally Posted by Allen Burgess View Post
Fool! Take another look at yourself:
It seems the Fragile minded band together.
I just might open a chain of restaurants and feature
The WAAAAAH!!! Burger with cheese.
French (sobbing sound) fries.
And The Mother’s milkshake.

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  #3274  
Old 05-17-2019, 05:06 PM
Allen Burgess Allen Burgess is offline
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Quote:
Originally Posted by Pot head View Post
It seems the Fragile minded band together.
I just might open a chain of restaurants and feature
The WAAAAAH!!! Burger with cheese.
French (sobbing sound) fries.
And The Mother’s milkshake.

Retarded nut case.
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  #3275  
Old 05-17-2019, 05:35 PM
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Pot head Pot head is offline
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Dirt minded

Do your best scribbling.
You will never achieve success.
You are a blowhard.
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  #3276  
Old 05-19-2019, 06:34 PM
Danny B Danny B is offline
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The fall of China,,, what else falls/

At one time, the PBOC was creating more liquidity than the ECB, FED and BOJ all put together. Because of unrestricted international capital flows, the PBOC was floating the worldwide credit system. You might think that I am too focused on what happens in China but, you have to focus on the local effects of international capital. EVIDENTLY, global war against China is off the table because we don't want the cockroaches who are radiation resistant to inherit the planet. I'm not claiming the nuclear weapons are the ultimate weapon. Still, they would be used.

I found an excellent article at Zero Hedge. You should read all of it. I'll cite part of it. The comments are even more informative than the article. Keep in mind that; if nuclear / kinetic war is off the table, the financial war will be extremely cut throat. Armstrong said that the world capital of finance would move to China in about 2032. I'm sure that America would like to prevent this.

ZH Why An Economic War With The US Blows China Up
“By putting more barriers in China’s path to US markets and, in the process, risking some short-term damage to the domestic and global economies, President Donald Trump could exact a heavy long-term cost on the world’s second-largest economy. Indeed, he may even threaten China’s chances of eventually entering the ranks of high-income countries."
"change their development model if they are to make this difficult transition, powering through the dreaded “middle-income trap” that’s tripped up so many other developing countries…

With external tailwinds turning into headwinds, China will need to rely far more on domestic demand to generate prosperity. To do so without building up risks in the financial system, Beijing would need to promote far greater household consumption "
So, how does China increase domestic consumption when India, et al enforce a low global mean wage? How do they escape the demographic crash when their fertility rate is only 1.6. Their working population falls by 1 million a year. The price of changing over to automation falls every year.

"after the US shut Huawei out of its markets, legislation to apply the same export restrictions to ALL firms listed under ‘Made in China 2025’ progresses through Congress, and suggestions fly the US might even go as far as placing Iran-style sanctions on any third party that IS prepared to sell crucial inputs to Huawei. Given Chinese households are swimming in debt and its housing bubble is the world’s largest,"
"So says Bloomberg in ‘China’s Trade Worst Case: Growth Slows, Debt Rises, Companies Exit’.

“Altogether, an economic war with the US blows China up. China would be cut off from Western markets, ideas, technology, and US dollar-flow long, long before it’s ready to replace the US for real.”
Sighhh, this is short -sighted thinking. Here is a map of where all the people are.
https://i.imgur.com/fkiemE2.jpg
As far as being cut off from Western markets; there isn't going to be much in the way of Western markets after the bubble blows. Remember, we pay everybody with bogus treasury bills. China and Russia can develop all the tech they need. Cut off from dollars won't hurt them if they have enough gold.
", ‘China has three trump cards to win trade war with US’. Well, the second threat is nonsense, as we keep explaining, and doesn’t boost the credibility of the Global Times, to put it mildly; the last will accelerate the flood of firms out of China;"
The Belt & Road program is geared to generating markets around the world.

Now, for the comments.
Batman 11America's secret weapon, neoclassical economics.

China has made all the classic mistakes that everyone makes who uses neoclassical economics.

They have inflated both real estate and stock markets with bank credit. They really got taken in by all that price discovery and stable equilibrium stuff.

Their stimulus since 2008 has gone into all the wrong places that didn’t grow GDP; the private debt soared, but GDP didn’t. It’s a classic mistake.

At 25.30 mins you can see the super imposed private debt-to-GDP ratios.

https://www.youtube.com/watch?v=vASt...toCR-R&index=6

Japan, the UK, the US, the Euro-zone and China.

They have already learned the private debt-to-GDP ratio and inflated asset prices are indicators of financial crises.

https://cdn.opendemocracy.net/neweco...t-13.52.41.png

The West’s “black swan” is a Chinese Minsky Moment.

As the Chinese understand the problem they are not going to try and cure a debt problem with more debt as we have been doing in the West since 2008. In the West, central banks dropped interest rates to the floor to squeeze more debt into our economies.

Chinese bankers had inflated the Chinese stock market with margin lending in 2015.

Set the scale to 5 years to see what happens to the Chinese stock market as their bankers inflate it with margin lending.

https://www.bloomberg.com/quote/SHCOMP:IND

The wealth is there one minute and gone the next, it wasn’t real wealth. GDP measures the real wealth in the economy.

The Chinese wanted increased domestic consumption, but let housing costs soar.

It was that neoclassical economics again, but they have now learnt that high housing costs eat into domestic consumption by reducing disposable income.

Disposable income = wages – (taxes + the cost of living)

Once they have sorted out the mess left behind by their technocrats trained in neoclassical economics they will be ready to start growing again, but it could take a while.
At least they have worked out what the problems are, unlike their Western counterparts.

Batman again
Where does this ****ty economics come from?

In 5,000 years of human history those at the top have designed systems to maintain themselves in luxury and leisure.

They got started almost immediately.

Mankind first started to produce a surplus with early agriculture.

It wasn’t long before the elites learnt how to read the skies, the sun and the stars, to predict the coming seasons to the amazed masses and collect tribute.

They soon made the most of the opportunity and removed themselves from any hard work to concentrate on “spiritual matters”, i.e. any hocus-pocus they could come up with to elevate them from the masses, e.g. rituals, fertility rights, offering to the gods …. etc and to turn the initially small tributes, into extracting all the surplus created by the hard work of the rest.

The elites became the representatives of the gods and they were responsible for the bounty of the earth and the harvests. As long as all the surplus was handed over, all would be well.

It’s been the same ever since, the extraction methods have just got more sophisticated over time.

Things were all going so well until the Classical Economists turned up and couldn’t help but notice that the European aristocracy were maintained in luxury and leisure, but never did a stroke.

Things were taking a very dangerous turn for the powerful vested interests of the late 19th century who rather enjoyed their life of luxury and leisure. They needed a new economics to hide what the Classical Economists had discovered.

Neoclassical economics was the answer.

Its original architects would have been only too well aware of what they had hidden and changed to produce an economics that suited the powerful vested interests of the late 19th century.

Free market fundamentalists in the US picked this economics up decades later not knowing what had been changed and then developed a whole ideology from it, neoliberalism.

They then rolled it out globally.

Neoclassical economics had been designed to meet the requirements of 19th century elites and was bound to appeal to late 20th century elites, which it did.

Unfortunately, the Europeans took this economics and designed the Euro with it leaving them to suffer the most from the now unknown flaws within the economics.

Capitalism actually works best with low housing costs; this gives you some idea of how bad neoclassical economics is.

Batman,
\ust read the classical economists to confirm.

Adam Smith observed the world around him.

“The labour and time of the poor is in civilised countries sacrificed to the maintaining of the rich in ease and luxury. The Landlord is maintained in idleness and luxury by the labour of his tenants. The moneyed man is supported by his extractions from the industrious merchant and the needy who are obliged to support him in ease by a return for the use of his money. But every savage has the full fruits of his own labours; there are no landlords, no usurers and no tax gatherers.”

The classical economists saw three groups in the capitalist system.

1) Employers / Capitalists

2) Employees / Workers

3) Rentiers

“The interest of the landlords is always opposed to the interest of every other class in the community” Ricardo 1815 / Classical Economist

What does our man on free trade mean?

He was an expert on the small state, unregulated capitalism he observed in the world around him. He was part of the new capitalist class and the old landowning class were a huge problem with their rents that had to be paid both directly and through wages.

Disposable income = wages – (taxes + the cost of living)

Employees get less disposable income after the landlords rent has gone.

Employers have to cover the landlord’s rents in wages reducing profit.

Ricardo is just talking about housing costs, employees all rented in those days.

Low housing costs work best for employers and employees.

Batman;
Jeffrey Sachs created Putin's Russia - an official media source, the BBC, says so.

A BBC documentary covers a young, naive Jeffrey Sachs and other US free market fundamentalists as they headed into Russia to make a right mess of things and pave the way for Putin.

https://thoughtmaybe.com/the-trap/#top

Part 3 – We will Force You to be Free (36 – 44 mins)

Whoops!
The US dreamed of an open, globalised world.

China became a superpower and the US went into decline.

Whoops!
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Last edited by Danny B; 05-19-2019 at 06:35 PM. Reason: Ity jumped the gun
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  #3277  
Old 05-19-2019, 07:40 PM
Danny B Danny B is offline
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Trolling Premier Xi

Armstrong, "ASIA / AUSTRALIA: President Xi Jinping urged fairness and openness when he was presenting at a conference on Dialogue of Asian Civilizations in Beijing"
I'll bet Xi didn't mention forced technology transfers, patent theft, market dumping and unfair State subsidies.

" It’s worth noting that the renminbi is now only 1.2% from breaching the key psychological 7.00 level versus the dollar."
" The Shanghai Composite dropped 1.9%, with the CSI Financials index down 2.7% and the ChiNext Index sinking 3.6%. Hong Kong’s Hang Seng Index declined 1.3%, led lower by a 2.1% drop in the Hang Seng China Financials index. "
" The President began the morning with a tweet: “China should not retaliate - will only get worse! I say openly to President Xi & all of my many friends in China that China will be hurt very badly if you don’t make a deal because companies will be forced to leave China for other countries.” Less than two hours later, Beijing announced retaliatory tariffs on $60 billion of U.S. goods. "
Saving face is all so important in China.

"rally public support around China’s position in its trade dispute with the U.S., as the ruling Communist Party takes a more aggressive approach — projecting stability and stirring up nationalistic sentiment in the process. ‘If you want to negotiate, the door is open,’ ‘If you want a trade war,’ however, he added, ‘we’ll fight you until the end.’
Have they given any thought to what THE END means?
"“Chinese President Xi Jinping denounced as ‘foolish’ foreign efforts to reshape other nations as he pushes back against U.S. trade demands. "
Unlike Putin, Xi can be easily played.
"The Chinese people’s beliefs are united and their determination as strong as a rock to safeguard national unity and territorial integrity, and defend national interests and dignity,’ "
Starvation trumps dignity.
“At no time will China forfeit the country’s respect, and no one should expect China to swallow bitter fruit that harms its core interests.”

“Negotiations between the U.S. and China appear to have stalled as both sides dig in after disagreements earlier this month. Scheduling for the next round of negotiations is ‘in flux’ because it is unclear what the two sides would negotiate…”"
There is no possibility of a trade agreement between 2 nations that routinely cheat.

"The U.S./Chinese relationship was never going to end well. The lone superpower versus the rising superpower. Vastly different systems, cultures and values. And it would be such a different world these days if not for a decade (or three) of unprecedented global monetary stimulus – cheap (i.e. nearly free) finance that allowed the U.S. to run endless huge Current Account Deficits coupled with easy finance that bestowed upon the Chinese (the curse of) unlimited monetary resources for the most outrageous Credit and investment booms in history. "
"Trump is the unreasonable and disrespectful bully. China will never again be disrespected and pushed around. President Xi - general secretary of the Communist Party, President of the People's Republic of China, chairman of the Central Military Commission, China's ‘Paramount Leader’ and revered ‘Core Leader’ – is precisely the great commander to confront the U.S. hegemon determined to repress China’s strength, advancement and rightful standing in the world."

"May 16 – Bloomberg: “The Trump administration is pulling out the big guns in its push to slow China’s rise, with potentially devastating consequences for the rest of the world. The White House on Wednesday initiated a two-pronged assault on China: barring companies deemed a national security threat from selling to the U.S., and threatening to blacklist Huawei Technologies Co. from buying essential components. If it follows through, the move could cripple China’s largest technology company, "
Credit Bubble Bulletin : Weekly Commentary: True Start to U.S. vs. China Trade War
Historically, the banks have ALWAYS created credit booms where the punters borrow from the banks to expand the economy, primarily stocks and RE.
Then, the banks withdraw liquidity and, crash the economy. The banks buy up everything that is distressed for pennies. This is how they covert credit that was freely created into tangibles.

There is a new problem this time around. Many millions of people can no longer afford a house or even, food. This isn't entirely the fault of banks. Rome collapsed when Government over-reach impoverished the people. Rome's population fell from 1 million down to 20,000 as people left the cities to do subsistence farming. Something that is no longer possible.
Once again, the State has over-reached and broken the bank. The Founding Fathers forbade direct taxes because they knew that the GOV would grow without limit if it could squeeze out money without limit. We have reached that point where State demands have severely diminished the productive economy.
https://www.armstrongeconomics.com/w...world-economy/
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  #3278  
Old 05-20-2019, 12:50 AM
Danny B Danny B is offline
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4 week fuse,,,, deconstructing globalism

Just a little bit more on China.
" Wall Street demands a trade deal, and Wall Street has long believed – ever since the second TARP vote in September 2008 – that it always and everywhere gets what it needs to keep the bubbles aloft.

Yet, here is what Mnuchin told another reporter who was actually listening. We’d call it an economic time bomb with a four-week fuse:
According to Edwards Lawrence, Mnuchin also told Vice Premier Liu He “they have about four weeks until just about everything else China imports into the US gets a 25% tariff. The President says that is $325 Billion worth of items. In other words, the US is ever so gently reminding China it has a gun to its head and the clock is ticking.

Actually, that’s no gun at all. It’s a $140 billion time-bomb that would splatter all over the US economy and the entire China-focussed global supply chain, which now ships $7.2 billion worth of goods into US ports each and every day"
So, China is riding the credit tiger and, Trump is coming head on in the Trump train.
https://www.lewrockwell.com/2019/05/...eak-absurdity/
This is a good article with a lot of info.
"The first is $33.2 billion and that represents how much money Uber has spent on operations and overheads over the last three years (2016-2018). The second number is $23.1 billion, and that reflects the far lower amount of net revenue that was actually generated by all of this spending and disrupting."
So, about that contagion. Where do you think it will hit?

Powell kicked off the recession in December 2018 by trying to reduce the FED's exposure.
5/18 Market loses its hopium-induced high, falls four weeks straight – GRB

There is MUCH complaint about fake news. The algos that do all the trading have no ability to detect lies or BS. They believe that a trade deal is imminent.
5/19 Goldman fund makes record retreat from muni junk bonds over risk – Newsmax
5/19 America’s top cities swamped in debt, Chicago leads the way – Zero Hedge
'Sanctuary City' Oakland, Near-Broke, Will Use Gas Tax Money to keep the lights on.


Agenda 21 wants to move everybody into the cities. Calhoun created a mouse utopia back in the 60s. The mice eventually turned to violence.
https://www.youtube.com/watch?v=0Z760XNy4VM
It doesn't look good for the cities.
5/19 Ohio’s suicide rate jumps 24 percent from 2008 to 2017 – Akron Beacon Journal

" The banking collapse was not a natural event, like a tsunami. It was a direct result of man-made systems and artifices which permitted wealth to be generated and hoarded primarily through multiple financial transactions rather than by the actual production and sale of concrete goods, and which then disproportionately funnelled wealth to those engaged in the mechanics of the transactions.

It was a rotten system, bound to collapse. But unfortunately, it was a system in which the political elite were so financially bound that the consequences of collapse threatened their place in the social order. So collapse was prevented, by the use of the systems of government to effect the largest ever single event transfer of wealth from the poor to the rich in the course of human history. Politicians bailed out the bankers by using the bankers’ own systems, and even permitted the bankers to charge the public for administering their own bailout, and charge massive interest on the money they were giving to themselves."
https://www.craigmurray.org.uk/archi...e-pivot-point/

5/18 Axel Merk: ‘economy to die a traditional death…inflation will move higher’ – MS


The Eurozone project benefited Germany at the expense of the rest of the bloc.
Globalism benefited China and just 5 other States. It is obvious that globalism must be reversed and de-constructed but, nobody knows how to do it. Globalism combined with Automation has left much of the world without a job.
Kunstler; The Golden Golem of Greatness will be blamed for most of that. The internal contradictions of Globalism were already blowing up trade and financial relations between the US and China. The Trump tariffs just amount to a clumsy recognition of the fatal imbalances long at work there. As a 25 percent tax on countless Chinese products, the tariffs will punish American shoppers as much as the Chinese manufacturers. Trade wars have a way of escalating into more kinetic conflicts.

The sad truth is that both China and the US are beset by dangerous fragilities. Both countries have borrowed themselves into a Twilight Zone of unpayable debt. Both countries are sunk in untenable economic and banking rackets to cover up their insolvency.'
"The temperament of the Chinese people is conditioned historically by subservience to authority, which tends to blow into anarchic rage quickly and catastrophically when things go wrong."
Side note, China's Social Credit System Blacklists over 13 Million People - Same System Coming Here
US Facing Widespread surveillance is ‘imminent reality' says tech privacy report
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  #3279  
Old Yesterday, 04:19 AM
Danny B Danny B is offline
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Oil, Iran, Putin,, Rare earths,, Farming crash,, slipping away

Putin plays chess.
The war hawks talk up a big attack on Iran. So what news do we get back?
Visualizing The Countries In Range Of Iranian Missiles ZH
Venezuela Oil Output in April Drops to 16-Year Low - US Energy Dept
Russia's energy ministry does not rule out oil shortages on global market if demand grow
Bank Of America - $90 Brent May Be Around Corner

So, what happens to the West when oil spikes? Tar sands is failing. Fracking is a loser,,, Venezuela is screwed up. Maybe now would NOT be a good time to attack Iran.

B]Trump Says War Will Mean The 'Official End Of Iran' (Total Annihilation) Warns 'Never Threaten US Again'
US-Iran Showdown Is One False-Flag Attack Away From Global Calamity[/B]
Sure, attack Iran and see what happens to the West. Even farming is crashing WITHOUT high fuel prices.
Will Robot Tractors Save America's Farming Industry After It Crashes?
"The S&P GSCI Grains Index Spot has collapsed more than 50% in 81 months from the August 2012 peak. Meanwhile, inflationary cost pressures have been seen in farming equipment, labor, seeds, fertilizers, fuel"
https://www.zerohedge.com/news/2019-...ter-it-crashes
5/20 Oil edges higher as OPEC+ says to stay the course – Reuters
John Deere Slashes Production Amid A 1980sStyle Farm Crisis Collapse In Midwest

Xi Sends Trump A Message - Rare-Earth ExportBan Is Coming
Largest known rare earth deposit discovered in North Korea | MINING

Buy your Neo magnets real soon.
IRAN DID IT !
5/20 Insurer says Iran’s guards likely to have organised tanker attacks – Reuters
5/20 ‘Sabotage’ of Saudi oil tankers is a dangerous moment in Trump’s feud with Iran – Ind

There was NO sabotage. Bibi and the war hawks are just using S.O.P. to get a war going.
5/20 What next? None of the UK cabinet is fit to remain in office – CW
5/20 Austrian government collapses as far right leader caught in video sting – Reuters

E-commerce is destroying bricks & mortar. So, all the work will go to warehouse workers,,, who are all robots.
https://wolfstreet.com/2019/05/18/e-...eres-the-data/
"Last year, e-commerce sales blew through the $500-billion level for the first time ($513.6 billion). For 2019, e-commerce is on track to hit $575 billion, an increase of $61 billion."

There is a NEW free money train coming to town.
5/20 Modern Monetary Theory finds embrace in unexpected place: Wall Street – NY Times
Not all the big money people are onboard.
https://www.youtube.com/watch?v=g6iB6QzuQ70&t=27s
https://www.youtube.com/watch?v=OXuOPEsTQ0k&t=60s

5/20 Deutsche Bank shares hit all-time low after UBS cuts rating to sell – Zero Hedge
So, who are they going to sell to?
5/20 What will the next U.S. recession be like for investors? – Forbes
What happens to all parasites when the host dies?
5/20 Ford to cut 7,000 jobs by August, including 900 this week – CNBC

"In an act of incredible courage the US, which was told (by the Israelis, of course!), that the Iranians were about to attack “somewhere”, Uncle Shmuel sent two aircraft carrier strike groups to the Middle-East. In a “daring” operation, the brilliant USAF pilots B-52 bombers over the Persian Gulf to “send a message” to the “Mollahs”: don’t f*ck with us or else…

The “Mollahs” apparently were unimpressed as they simply declared that “the US carriers were not a threat, only a target“."
The AngloZionist Empire: a hyperpower with microbrains and no cred left, by The Saker - The Unz Review
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  #3280  
Old Yesterday, 02:36 PM
Danny B Danny B is offline
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Crops & food prices,,,speculator vs producer

As more and more niches are automated, more jobs are lost. As Bricks & mortar gives way to E-commerce, fewer people have a salary. As aggregate purchasing power diminishes, the economy shrinks back to just essentials.
"Over the past two decades, food prices have risen 2.6% a year on average"
So, farmers are getting much less for their crops but, food prices are going up. It looks like they may go up much more.

Canada;
"– As of today, May 18th, 2019, no farmers (zero) have started planting.
– In 3 years the percentage of April planting starts has decreased to 0% from 70% just 4 years ago. Typically planting was completed by mid to end of May.
– Flooding this year from Ottawa to Detroit along with cooler temperatures can wreak havoc on winter wheat crops which are planted in the fall and has germinated. But if the heat doesn’t come to dry up the land then the wheat crop is susceptible to rot.
– soil temperatures are below the 25-year average by 23 degrees.
– more rain means less sunshine."
https://www.armstrongeconomics.com/w...o-plant-crops/

Armstrong, "There is a lot going on in Britain. Many fear that Jeremy Corbyn will now win because Theresa May has made a real mess of BREXIT. Consequently, the Telegraph is reporting that Britain’s wealthiest individuals are preparing to leave the country. The fear that Corbyn will take over Britain as the prime minister is rising. He is so left-wing that the #1 question coming from the UK is whether a win for Jeremy Corbyn could be the reason the computer has been projecting the fall of the British pound back to 1985 levels"
https://www.armstrongeconomics.com/i...-to-the-pound/

Armstrong, "QUESTION: Do you support Trump and his trade war with China?

QW

ANSWER: No. Trump is living in an old world view of trade. The numbers are not accurate to begin with. The United States for years actually relied on economic interdependence with China as a stabilizing force in relations with Beijing on geopolitical levels. In other words, China needed the US market to sell products to provide employment for its people. The business between the two nations formed a check on U.S.-China affairs. However, as Trump escalates his trade dispute, he is playing with fire.

Asian culture is a matter of saving face. You cannot negotiate in this type of confrontational posture that leaves the opponent weak in appearance. Regardless if it works for China or not, it becomes a matter of principle. The result is a reduced incentive for stability and restraint in Washington. We already have the nonsense that the Democrats have done with Russia in re-establishing the Cold War. Here we have the Republicans wiping out relations with China. It was Nixon who opened up China and split the close ties between Russian and China. This policy in the USA has actually encouraged the relationship between Russia and China even if it was never intentional."

Instant capital transfer has allowed the money-renters to invade & depart ANY market. Globalism is good for them to maximise profits. BUT, when they depart a sector / State / market, it generally crashes down for lack of capital. Armstrong, et al take a very dim view of anything that diminishes profits. The Central Banks are trying to prop up markets that have suffered from wild flights of capital. They do this with debt instruments. This has caused the CBs to create and hold unsustainable debts.

MMT would give the Treasury the ability to sustain market sectors without incurring new debt. If a market can NOT be shorted and crashed for profit by the sharks, they will stop much of their speculation. For Armstrong and millions of other money-renters, this means a big cut in profits.
Giving the power to create money SOLELY to the Treasury would short-circuit most of the speculators. Benjamin Franklin proved that paper money CAN work. There just needs to be limits to proliferation. Considering the amount of jobs lost to automation, it is highly doubtful that the welfare state is going to cut back on it's demands for funding.
5/21 Harry Dent: MMT utter bullsh*t – free checks to everyone! (socialistic nightmare) – MS
Has he thought about "free anarchy" for everybody.
5/21 Tight U.S. job market not attracting new people to the labor force – Reuters
The skills gap just gets worse and, welfare gets more comfortable.
5/20 Here’s how many U.S. households will run out of money in retirement – Yahoo!
Is that with or, without a crash?
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  #3281  
Old Today, 03:01 AM
Danny B Danny B is offline
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,489
The operating system is frozen up

"'the fall of the British pound back to 1985 levels"
Nobody is buying bonds from the ECB. Why should anybody buy them from the BOE?
5/21 British Steel risks collapse with 25,000 jobs under threat – Reuters
Containerized shipping combined with automation has made a world with a few winners and, all the rest losers. All the CBs are doing QE by one name or another to keep employment going.
Margaritaville lyrics.
Don't know the reason
Stayed here all season
Nothing to show but this brand new tattoo

But there's booze in the blender
And soon it will render
That frozen concoction that helps me hang on
Wastin' away again in Margaritaville

Eventually, there will be many millions of people stuck in Margaritaville with noting to do and, nothing to show.
Traditionally, capitalism only rewards those who participate in remunerative enterprise. It offers nothing to those who opt out one way or another. Socialism tries to provide for everybody BUT, it kills the motivation of the entrepreneur. Socialism always fails because nobody has any motivation to make it work.
Meanwhile the State tries to grow without limit. Traditionally, the State grows until it blows up the public bond market. There are over 22 million working for GOV in America.
5/21 Four in ten Americans embrace some form of socialism – Gallup
No surprise since 51% of Americans receive a check from GOV.

5/21 Stocks come back but bonds flash a ‘dire’ warning about the economy – CNBC
5/21 QE may be over, but the Fed’s U.S. debt hoard is about to soar – GATA
Yeah, right.
Trump is catching on.
https://www.thegatewaypundit.com/201...want-to-fight/
5/20 How Republicans gave us Millennial socialists – Aier
It wasn't just republicans who fostered crony capitalism.
5/20 Where is the Democratic alternative to forever war? – TruthDig
Rich donors do not pay for peace.
5/21 Deutsche Bank death spiral hits historic low. European banks get re-hammered – WS
As Europe keeps falling, the implications for Europe and everyone else – Alhambra Partners

Ah yes, centralization breeds contagion.
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