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Old 06-24-2016, 02:10 PM
Danny B Danny B is offline
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strange days in Europe

Why wasn't Brexit simply blocked by the vote counters??
It was a non-binding referendum,,, why did Cameron resign immediately?
What happens now the UK has voted Brexit - and what is Article 50?
The oligarchs in Brussels say that they are going to make the exit "brutal" to dissuade others.

Global Elites Suffer Fatal Blow, UK Votes to Leave the EU
by Sprott Money - Jun 24, 2016 8:50 AM

The global elites know that this is a massive blow to their long-term plans.
Brexit Wins! Next Stop: Frexit, Italexit and Swexit
by George Washington - Jun 24, 2016 12:50 AM

If it was non-binding, why did everything go off a cliff?
The Soviet Union tried socialism with strongmen and oligarchs in charge.
Following the ideas and design of Monet, the EU was to be a forced collective with a brain-trust in charge. Draghi had the ECB buying up EVERYTHING in sight to keep the show going. The EU was in the process of levying fines on States that wouldn't accept their fair share of immigrant trash.
Far-right political groups were rapidly coming to power. Implosion was /is fast approaching.
Strange days.
BTW, Mario Draghi, formerly of Goldman Sacks IS ON DRUGS, http://www.24hgold.com/english/news-...e+Saville&mk=1

Last edited by Danny B; 06-24-2016 at 02:16 PM. Reason: moar info
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Old 06-25-2016, 01:11 AM
Danny B Danny B is offline
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Pissed-off dictators in Europe

The Brexit vote is non-binding but, there is little chance that parliament can ignore it. The vote might not seem like a big deal to yanks but, it is a big deal to markets. Markets are cratering around the world. Automatic Earth has an excellent article trying to list possible replacements for politicians who are getting the boot. Their conclusion is that none of the British politicians are worth a $hit.
Brexit: The System Cannot Hold - The Automatic Earth
Switzerland withdrew their application to join the Eurozone. SO, the banks of Switzerland AND London are out of reach of the ECB.

"Finally, this was of course not a vote about the -perhaps not so- United Kingdom, it was a vote about the EU. But the only thing we can expect from Brussels and all the 27 remaining capitals is damage control and more high handedness. It’s all the Junckers and Tusks and Schäubles and Dijsselbloems are capable of anymore."
These four anal-orifices stridently screamed that there was no going back. They raked Greece over the coals to scare off the rest. BUT, they could NOT rescue the economies so, the party is coming to an end.

6/24 Don’t worry, Deutsche Bank only down 16% – Mish
6/24 The bear roars around the world as Britain votes to leave EU – The Street
6/24 The consequences of leaving the party – Goldmoney
6/24 Britain should exit Keynesianism, not Europe – Sprott Money

It's not going to be easy sailing for anybody; "It's An Alice In Wonderland World" - GRI Warns "Debt Is Being Piled Upon Debt Being Piled Upon Debt" | Zero Hedge
Greenspan puts in his 2 cents worth; Alan Greenspan says British break from EU 'is just the tip of the iceberg'

Yanis Varoufakis, the economic minister of Greece pleaded with the troika to please rescue Greece. He DID believe in the idea of a united Europe. He told the troika that if Greece were punished, it would lead to the rise of far-right parties in several States. Turns out, he was right.

Kunstler is in fine form; "The Deep State is also the sum of unintended consequences and diminishing returns of a late-stage, bureaucratic, techno-industrial economy cannibalizing itself to stay alive. One obvious conclusion is that this economy has got to change before there is nothing left to eat"
Trumptopia - KUNSTLER

Considering that the parasites are in charge, I don't see a change for the better.
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Old 06-25-2016, 06:23 PM
quantumfanatic quantumfanatic is offline
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As expected, the globalists engineered a victory for the BREXIT referendum yesterday, so the first of three punches that’ll bring down the EU has been thrown. Putting together all we’ve explored , this is how things will go from here…> The Summer of Terror will start kicking in…
…From The Guardian. Here is an excerpt…
>>> The US State Department has issued a travel alert for Europe, cautioning Americans that the influx of summer tourists and a series of high-profile events “will present greater targets for terrorists planning attacks in public locations”.
“We are alerting US citizens to the risk of potential terrorist attacks throughout Europe, targeting major events, tourist sites, restaurants, commercial centers and transportation,” department officials wrote. <<<
The purpose of this globalist-sponsored terror campaign is to outrage the public and fan hatred towards the Muslim refugees and the EU bureaucrats that allowed them in. The angered public will then look upon the BREXIT as being a great idea for their own countries.
> The IMF will scuttle the Eurozone debt deal with Greece, which could lead to a default on Greece’s July debt payments to the European institutions…
…from FT.com. The article is behind a paywall, so search for the title on Google News and follow their link to see it.
The purpose of this globalist-engineered development will be to create chaos in the Eurozone (the EU currency union) to go along with the EU political chaos created by the BREXIT and the Summer of Terror. The third punch to the EU – the knockout blow – will come when the BRICS and the G7 start shooting at each other this September. The sudden breakout of war will result in the stoppage of all financial and trade transactions between the two “sides,” and this will trigger the Next Lehman Moment – a total cardiac arrest in the global economy. Once this has happened, no one in any of the EU countries is going to give a sh*t about what the bureaucrats in Brussels say. The EU will simply fall to pieces. I made sure to finish this update late last night because I knew the propaganda they’d be pushing this morning, and the Drudge Report didn’t disappoint…drudgebrexa
The first thing to notice is that the globalists’ controlled opposition figures are calling for referenda in their own countries. And over the coming weeks, you’ll see lots of reports of how Britain’s vote has emboldened anti-EU forces throughout Europe, especially in Greece.
According to the public narrative of how the Greek default will go down, the BREXIT vote will encourage the Greek Parliament to dig in their heels against unwanted economic “reforms.” Their resistance will be based on the expectation that the Eurozone will ultimately back down to avoid another BREXIT-style blow to the EU. This, paired with German intransigence, will bring the situation to a head and lead to the IMF pulling out of the bailout.
That being said, this narrative is just a script being acted out for public consumption. In reality, Greece will be the nation that upsets the euro apple cart because the globalists want the “birthplace of democracy” to strike the fatal blow against the “undemocratic” EU.The EU was never built to be the QE2; it was built to be the Titanic. The internationalists constructed it so the nations of Europe would jump aboard and drown together when it hits the iceberg of the Great Economic Crisis of 2016.
For more information on how and why the globalists are building tension in the public in order to release it through their controlled opposition figures, read…The Illuminati strategy of tension and release
The Paris Attacks, Marine Le Pen and Ron Paul
Moving on, the snapshot of Drudge headlines we just examined came the top left of the website above the main headline.
In the headlines, we see Drudge foreshadowing the Summer of Terror. Note that the two cities specifically mentioned for attack are the core power centers of the EU. The coming attacks against these power centers and the Vatican will give rise to a growing disinformation meme about an attack against “Christian civilization.” This is what the globalists want you to believe…
“Christian civilization is under full-scale assault by Islamists from without and Satanists from within. The secretly-Satanic Western elite made common cause with the Muslims to create a terrorist army and get it into the Western nations in order to bring down Christianity. The Muslims supplied the men and the Satanists opened the gates and brought them in under ‘migrant’ cover.”
This idea of a war between civilizations – Muslim versus Christian – is why Drudge added the headline mentioning “civilizational jihad.”

Now if we look to the headlines, it mentions the Rio Olympics. This is where the globalist script calls for the Muslims to step over the line and trigger an official holy war. An atrocious “ISIS attack against Christians” at the Olympics will lead to both the Catholic and Orthodox churches declaring a “just war” against them. And since this August attack will result in casualties from all around the world, ground units from all around the world will gather in the Middle East in September to fight them. This global gathering of forces against ISIS will, in turn, devolve into a conflict between the “Champion of Christianity and True Warrior against ISIS” Vladimir Putin and the “Secret Muslim and True Supporter of ISIS” Barack Obama.
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Old 06-25-2016, 10:08 PM
Danny B Danny B is offline
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May you live in interesting times!
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Old 06-25-2016, 10:58 PM
Danny B Danny B is offline
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The Clan vs the State

Man is unique in the animal kingdom in that a newborn must be supported and protected for at least the first 5 years. A family can't do that. Man must live in a clan. The clan is a socialist unit that shares to provide for genetic continuity. Man is born extremely premature because of the limitations of the head vs the birth canal. All of this contributes to the necessity of social cohesion. A child is a huge investment that takes years to pay off. Of necessity, man is a very social creature.

The State wants no competition and will happily destroy the family. J.M.Keynes hated anything that concerned the family. Several decades ago, the State built orphanages for infants. The infants were fed and cleaned. They were left alone to their own devices in a bed. The infants died.
Every time that the bankers print money, our effective wages go down. At one point, they printed so much that a family couldn't survive and the women/mothers had to go to work. This furthered the destruction of the family and the lowering of the birth rate.
The nuclear family became a thing of bygone days for most Americans. Man is a social animal and he needs recognition and love. The foundation of his security is the family. The destruction of the traditional family brings all the neurosis and insecurities to the surface. American doctors write 80 million prescriptions for antidepressants every year.
We constantly hear about parents who kill and maim their children. A b-a-s-t-a-r-d child suffers under a great handicap knowing that nobody loved it enough to hang around and give it love and a name.

There is a strong correlation between broken families and crime. Many millions of people life a fearful, neurotic existence because they don't have a family structure to hold on to AND support,,, to be needed.
Our reproduction rate is so low that we may last only a small fraction of the time that the Neanderthals existed.

Must we renounce our hedonistic lifestyle and go back to the land to survive?
"By 2300 … [a]bout half the countries of Europe would lose 95 per cent or more of their population, and such countries as the Russian Federation and Italy would have only 1 per cent of their population left. "

Will the Mormons and muslims bury us? https://orangeraisin.wordpress.com/2...conservatives/
Will your children be rich or poor?
Will Your Child be Rich or Poor? 15 Poverty Habits Parents Teach Their Children
Erdogan ordered Turkish women to have a minimum of 3 children. Putin asked Russian women to have 3 children. Japan is a basket case as far as reproduction goes.
A family with a newborn is at an extreme economic disadvantage as far as producing. The clan gives them support and security. The Amish don't pay into Social Security because they NEVER turn anybody out. Insecure people who have access to birth control do not have children. The security of the State is as fleeting as the promises of yesterday's politicians.
Dissolve Big brother OR watch the nation wither away.

There was a story in the old, Analog magazine about the future earth. Just like in Star Trek, EVERYTHING was made in a "replicator". Precious metals were no longer scarce. Energy was abundant. There was only one item that couldn't be made in a replicator,,,, a Baby. The currency of the day was denominated in "babies". Society depends on people. What do you do if there just aren't any people?
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Old 06-26-2016, 04:27 PM
Danny B Danny B is offline
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The State destroys

Man is a social creature and the fount of his security is the family and clan. Man has a VERY strong allegiance to his genetic relatives. By nature, man has a VERY weak allegiance to the State. The State seems to be working hard to destroy both the family and familial allegiance. The mantra pushed by the State is; the State is an integral, necessary part of society. The Amish shun the State and put the family above everything else.
Financial secrets of the Amish - MarketWatch

The fount of all security is the family and clan. Responsible people will not have children if the economic picture for the future looks bleak. The State provides material support to people who demand it. Irresponsible people will produce lots of offspring if they have short-term sustenance at hand. In a bad economy, the State "selects" for irresponsible people.
Unlike genetic links, the support of the State can disappear overnight.

In the clan, every person has a position of responsibility. No slackers allowed. With State support, nothing is demanded in return. Seeking the path of least resistance, the dependency class created by the State just continues to grow. The State supplies a tenuous existence to a self-perpetuating cadre of parasites. By it's very actions, the State destroys societal cohesion. Illegitimacy, crime and the prison system are the testaments to the outcome of the destruction of society.
The State responds by monitoring our every action and word. The dumbed-down masses don't seem to mind. Responsible people refuse to bring children into this "prison planet".
The State may reach a position of total monitoring and control BUT, the populace will be dumbed-down, heavily medicated, lethargic and apathetic.
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Old 06-27-2016, 01:27 AM
Danny B Danny B is offline
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No boredom on monday

Some notes from Jim Willie;

Next Big Pillar to Fall Could Be Deutsche Bank! We Could See A Breakdown Event in DB In the NEXT WEEK!
Gold and Silver Are Moving into 2nd Gear – I Think We’re Going to Make A Rather Quick Move Towards $1,900!
I Think We Will See a 5 FOLD Gain In Silver…RAPIDLY!
The March Towards Gold Currencies and Gold Trade Notes IS ON!
US/UK Debt Downgrades Coming Soon. Gold Is Just Getting Started!
If Gold Sticks Above $1300 the Next 24 Hours, We’re Going to Get A Short Squeeze
BREXIT is a VOTE Against the System, Next Vote is GOLD AGAINST THE DOLLAR!
Run On COMEX Gold July Delivery: Something’s Different This Time!
China Suddenly Begins Accumulating Silver
Dollar Devaluation Might Be Simutaneous to the BAIL-IN EVENT
No More Money Printing – QE Will Be Pushed Out of the Picture, Next Comes $21 TRILLION PENSION FUND CONFISCATION!
This Will Wake Up the American Nitwits
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Old 06-28-2016, 01:29 AM
Danny B Danny B is offline
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6/27 The $100 trillion bond market’s got bigger concerns than Brexit – Bloomberg
These bonds are debt instruments that are supposedly going to be paid off.
6/27 The $555 trillion derivatives debt implosion is about to begin – 24hGold
Yeah,,, so who is going to pony up $555 trillion? There is a HUGE difference between a normal hedge and a derivative. The $555 trillion is just notional value BUT, a small fraction of that amount is enough to wipe out everybody.

"In short, the academically based theories of the Fed’s Presidents have been proven to be bunk"
"In short, the two largest economies in the world are contracting. One is entering a currency Crisis (China). The other’s currency is part of a $9 trillion carry trade (the US Dollar).

This is a ticking time bomb waiting to go off. No less than the Bond King Bill Gross has stated that we're heading for a massive crisis. Investing legends Carl Icahn, George Soros, and Stanley Druckenmiller are all taking out MASSIVE trades to profit from a market collapse"
Two Black Swans, Far Greater Than BREXIT Are On the Horizon | Zero Hedge

"Davidson’s warning is the most alarming of all his peers.

Not just because he makes the strongest case for a collapse (he uses over 20 unquestionable charts to prove his point), but also because Davidson has a remarkable track record of calling every major economic shift over the last three decades." Are Stocks 80% Overvalued? New Evidence Shocks Wall Street - The Sovereign Investor
Maybe he's wrong this time?
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Old 06-28-2016, 02:51 PM
Danny B Danny B is offline
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Brexit rocked the boat

Because America lost so much of the main value-added industry, our banking system was way too big for our economy. TARP was pushed to allow the banking industry to avoid down-sizing. BUT, this was just a postponement. The big 5 banks got all the money. Then, they pushed for regulations that would destroy smaller banks. Thousands of smaller banks have gone under since 2008. Recently, economic forces have started to catch up to the banks in a big way. Bank stocks are way down.
ZIRP cut back badly on their incomes. ZIRP is projected to continue for many years. Investors want out of bank stocks. Because of Brexit, nobody really knows the value of the British Pound. With interest-income gone, nobody wants volatility. There is a general exodus from anything that has to do with banking. VERY good graphs;
Bonds & Bullion Bid But Brexit Blowback Batters Banks | Zero Hedge

The B.I.S. has once again warned the Central Banks that they are out of magic bullets. The upshot of this is; the BIS said that GOV must cut way back on spending. "The Global Economy Can No Longer Rely On Debt" - BIS Warns Central Bank Actions "Have Started To Backfire" | Zero Hedge
There is no interest income. If GOV stops buying every stock and bond that threatens to become worth-less, they will become worthless.

Rangel says that nobody should have guns for protection,,,, except politicians. Congressman: Only Politicians Need Firearms For Protection | Zero Hedge
New Zealand is trying something stupid; New food bill in New Zealand takes away human right to grow food « InvestmentWatch

Edit I left out Kunstler.
"A zombie is a terrible thing to behold, but a zombie holding a bag of dog-$hit is like unto the end of the world." Death to All Zombies! - KUNSTLER
"Britain illustrates the problem nicely: how to produce “wealth” without producing wealth. It’s called “the City,” their name for the little district of London that is their Wall Street. In the absence of producing real things, the City became the driver of the UK’s economy, a ghastly parasitical organism that functioned as the central transfer station for the world’s swindles and frauds, churning the West’s dwindling residual capital into a slurry of fees, commissions, arbitrages, rigged casino bets, and rip-offs."

We exited from the agrarian economy into the industrial economy. The majority of the people have become unnecessary to the industrial economy. The problem was papered over with money printing but, that is winding down.

Last edited by Danny B; 06-28-2016 at 03:34 PM. Reason: forgot Kunstler
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Old 06-28-2016, 06:58 PM
quantumfanatic quantumfanatic is offline
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Yes Danny
Maybe i will<maybe not....the maybe is far more likely as the years have caught up with me,I am in the autumn of my life,BUT.....

Have you noticed how hard the controlled alternative press are working to convince you that the globalists / NWO / banksters are frightened by the BREXIT result?…
…From the Drudge Report, Breitbart, and Infowars

Well nothing could be further from the truth. In fact, the collapse of the European Union is a necessary step in building the New World Order the Rockefellers and Kissinger outlined back in their late 1950’s NWO implementation plan…
…From Prospect for America: The Rockefeller Panel Reports

Take special note of the first passage: “The hoped-for result is peace in a world divided into smaller units…” So is the EU a “smaller unit”? No, an EU superstate with its own army is a larger unit than its constituent nation-states, so it clearly wasn’t built to be part of the real New World Order. Rather, it was built as an expendable tool to help the globalists get to the New World Order.

So what was the EU’s raison d’etre, you ask? To tie as many European nations as possible into a political and currency union, then crash the union to create political and economic chaos. And on the currency side of it, they put the planned result of this crash right on the cover of The Economist back in 1988…
…From Mainstream globalist propaganda reveals East/West conflict is a farce

On the cover, you see national currencies burning in a bonfire (The Great Economic Crisis of 2016), as well as a phoenix arising from the flames (in 2018). This phoenix represents a new global currency, and this is what the article said about it…

>>> THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century…

…The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power…

…The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF…

…Governments are far from ready to subordinate their domestic objectives to the goal of international stability. Several more big exchange-rate upsets, a few more stockmarket crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice…

…Pencil in the phoenix for around 2018, and welcome it when it comes. <<<

By the way,why do you say what you have said?


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Old 06-29-2016, 12:03 AM
Danny B Danny B is offline
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"By the way,why do you say what you have said? " I have 1500 posts. Not sure exactly what you are referring to.
Mankind proposes,,, nature disposes.
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Old 06-29-2016, 03:06 PM
Danny B Danny B is offline
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Political revolt. What is next?

It's beginning to look like Brexit may pop the bubble in European finance. Voters with money voted to stay. Voters without money voted to leave. Regulatory capture allowed the bankers to squeeze the wealth out of the productive sector. That sector is now revolting.
The End Game Of Bubble Finance——Political Revolt | David Stockman's Contra Corner
This bubble is looking pretty thin; Bonds Ain't Buying It | Zero Hedge
Bank of America has some advice; Bank of America: "If You Are Going To Panic, Panic Early" | Zero Hedge
The technocrats are trying to push ahead with their vision of utopia; EU referendum: German and French to unveil European superstate blueprint post-Brexit | Politics | News | Daily Express
The EU was anti-democratic and a great thing for the bankers in London; The Collapse of Western Democracy
The EU was a coup over democracy by the technocrats. That's why there was no voting allowed. The British referendum was only barely allowed. And then, only because it was non-binding. The technocrats didn't want to take a chance on things going wrong. Now, 8 other States want to exit.
Stockman's Corner
The End Game Of Bubble Finance——Political Revolt

OK, so do the technocrats just ignore the votes and squash everything? They already have political revolt. Will they risk open revolution?

6/29 Italy eyes €40bn bank rescue as first Brexit domino falls – Telegraph
6/29 Economic predictions for summer 2016: the Epocalypse keeps crashing – SafeHaven
6/29 Oil-rigged states face a full-blown economic budget crisis – CNBC
6/29 A Brexit currency domino effect – Seeking Alpha
6/28 Brexit economics: financial destabilization of Europe? – Daily Bell
6/28 Brexit: new conflict between populism and globalism as chaos looms – Daily Bell
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Old 06-30-2016, 12:33 AM
Danny B Danny B is offline
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Greenspan says; return to the gold standard

"Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we've had in the United States, and that was a golden period of the gold standard. "
"But speaking of crises, Greenspan warned that fundamentally it is not so much an issue of immigration, or even economics, but unsustainable welfare spending, or as Greenspan puts it, "entitlements." No kidding,, what about all the money spent on immigrants who will never work?
"Greenspan then went on to bash the false "recovery" narrative, warning that "the fundamental issue is the fact that productivity growth has ground to a halt."
No kidding, maybe that is because the bankers took all of our money.
" We are running out of people. In other words, everyone is very pleased at the fact that the employment rate is rising. Well, statistics tell us that we need more and more people to produce less and less. " He doesn't mention that GOV people like him produce nothing.
"Of course, Greenspan ignores his own role in the creation of the boom-bust cycle which has doomed the world to series of ever more destructive bubbles and ultimately, hyperinflation which will likely be unlashed once the helicopter money inevitably arrives."
"If we went back on the gold standard and we adhered to the actual structure of the gold standard as it exited prior to 1913, we'd be fine. " Gee, maybe we shouldn't have let the FED and central bankers take us OFF the gold standard. 1913, we got the FED. In 1920, Chairman Benjamin Strong started selling discounted treasury bonds on the secondary market,,, quite illegal. Congress made it retroactively legal rather than slapping down Strong. Just 16 years later, the FED had inflated the credit supply until we crashed in the Great Depression 1.
How can anybody expect a parasitic banker to run the producing economy?
Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard | Zero Hedge

Last edited by Danny B; 06-30-2016 at 12:35 AM. Reason: forgot the link,,, mis smellign
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Old 06-30-2016, 02:39 PM
Danny B Danny B is offline
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Germany looting Europe... The SKEW index

The short story is; Greece crashed because it can't compete with Germany as far as productivity goes. It was locked into the same currency but much less productive. Great Britain is following in the steps of the Mediterranean countries. It has it's own currency but, it still has to trade with the EU currency bloc. Germany has a great advantage and wants EVERYBODY to stay in the union. Britain pays $ 10 billion in taxes to the EU and is slowly going bankrupt.
Revenge Of The Rubes - Why The Days Of The Financial Elite's Rule Are Numbered | Zero Hedge

The Germans call Brexit; a bad joke. "Helpless In The Face Of British Chaos" - What French And German Newspapers Are Saying Today | Zero Hedge

Marc Faber,
“In the 13th century we fought the Hapsburg Empire to be free and not to have foreign justice and foreign laws and not to pay taxes to foreign overlords,” he explained.
“This is precisely what the EU does with all the countries. They want to impose courts of justice, taxes, regulations, new laws and most of which inhibit economic growth. This is a victory for freedom and for people, the Brits.”
"Brexit Sends A Clear Message To Sick Political Elite" Marc Faber Sees "Only Good Contagion" | Zero Hedge

The VIX is the fear index and it is going down. http://www.zerohedge.com/sites/defau...28_EOD11_0.jpg
BUT, the SKEW is the true picture; http://www.zerohedge.com/sites/defau...k%20swan_0.jpg

The SKEW is up in the stratosphere; http://www.zerohedge.com/sites/defau...628_Skew_0.jpg

6/30 There are now $11.7 trillion worth of bonds with negative yields – CNBC
SO, the value of bonds is going down. This is seen as a rise in the attractiveness in gold. NIRP has made gold attractive as a store of value. The "best" store of value is the one that is universally regarded. AND the one that is least susceptible to GOV theft.
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Old 07-01-2016, 03:30 PM
Danny B Danny B is offline
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Brexit,, another sign of control slipping away

The Financial Times is the mouthpiece of the elite crowd. They have a good article about the elites being quite worried about the emerging populism. Pox Americana went to great lengths to convince the Brits to stay in the union.

Never before has a sitting US president visited a fellow democracy in a bid to sway an election. Nor, until now, have 13 former US secretaries of state and defence risked addressing a letter to a foreign electorate with the same motive. Ditto eight former Treasury secretaries and five former supreme commanders of Nato."
The article goes on to lament the woes of the power brokers. Why is America so alarmed by a Brexit vote? - FT.com
The Anglo-American alliance has been quite successful at thrashing the world in the name of empire. The American half doesn't want the British half losing influence in Europe.

Here is another article decrying the loss in productivity. Even Mish seems to miss the point that consumption went absent BEFORE productivity dropped. A huge cohort of Americans have seen their income drop or even, disappear. The world is deflating and the CBs insist that they need inflation. Which IS true but, it is necessary to maintain the credit bubble and NOT the economy.

The 2008 meltdown was primarily in mortgage bonds. The great leverage today is primarily in sovereign bonds. A repeat of the previous bond collapse would find GOV bonds in serious trouble. Dr. Jim Willie: The Corruption Cannot Stop the Masses! 3 Part Interview (Videos) | Politics

All this hot money floating around is expected to move into food commodities in a few years; FEMA Contractor: Unrest After 395% Food Price Spike Coming Soon
The EU was formed as a technocracy that tolerated only a minimum of democratic control. The technocrats have broken the bank and crashed the system. Apparently, the technocrats aren't as smart as they believed. Ron Paul has come out and said that the EU will become dysfunctional very soon. He said popular sentiment has killed it.
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Old 07-02-2016, 09:09 PM
Danny B Danny B is offline
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Slow poison

Short recap When money is loaned with interest, the bankers create the principal but, not the interest. The volume of loans must always grow to create the capital to pay the interest. The income of the banker is dependent on always loaning out more and more money. This is the general principle of low-power money. The principal is destroyed on repayment of the loan and the interest goes to the banker.
With the fractional reserve system and Keynesian economics, it is mandatory to have growth in the credit system, money supply AND population. One person can only consume just so much and you must have 2 persons.
China has 1.39 billion people. India has 1.27 billion people. China had a one-child policy and is now crashing. India never had a one child policy and is getting by pretty good. Japan has a falling population and can't seem to get out of the dumps, no matter how much QE they do. China is doing more QE than Japan and America. It has been well proven that economic growth is directly connected to the number and % of 15---62 year olds.

When the consumption within a State is inadequate to keep air flowing into the the low-power money supply bubble, new consumption must be found outside the State. This is the foundation of the currency war. Cheapen your currency and you get more access to external consumption. A currency war is a round-robin devaluation of currencies by overprinting.
All of this is done to keep the money bubble inflated and people working. But, a currency devaluation is also a cut in wages for the workers in that currency bloc.
The production-consumption cycle is the bread-and-butter of the lower loop of the economy. The bankers thrive by creating more debt slaves BUT, this pulls money out of the producing/consuming economy.
When the income of the financial community starts to fall (commensurate with the fall in the lower loop), the Central Bank rides in with free money (high power) to keep the lower loop inflated. The free money goes into savings or investment or spending. It isn't paid back so, it inflates the low-power money supply as it bleeds in to the consumer loop. Meanwhile, the lower loop is deflating from lost wages and spending power. Most of the high-power money stays in the upper loop as debt instruments.

Celente says that a currency war has started. Gerald Celente: Globalists Will Collapse the Entire World Economy As "Currency War Has Begun"
As we sink ever-lower towards a global-mean wage (and automation), the trickle down from the inflated upper loop goes into everything EXCEPT wages. The transmission mechanism is broken and there is much talk of direct cash injections into the lower loop.
Some years ago, Paris Hilton was criticized for buying an expensive Ferrari. She paid for a lot of Christmas presents for Italian kids. Suppose instead that she had invested the money in a bond of some sort. The investment would have giver her a return but, it wouldn’t have increased consumption. The world is crashing for lack of consumption. TOO many people have forgone consumption to try to live off the interest income from their money.

This plan has gotten too crowded and nobody is getting interest-income.
7/02 Negative yield in 50-year bonds and entire Swiss yield curve – Mish
From The CFR, Euro area banks should have been recapitalized years ago, with public money if needed The mantra is; no bank will ever fail as long as we can bleed the taxpayer for the money. Follow the Money » Post-Brexit

As ZIRP moves deeper into the markets, investors take more and more risk looking for return. The more money that is printed, the more it goes into mal-investment. If investors or funds do NOT take risks, they see their principle shrink as price inflation eats away at it. Bank stocks are falling badly because ZIRP and NIRP are not compatible with their business plan. If the prime rate goes up, the financial side of the lower loop crashes. If the prime rate does not go up, the financial side of the upper loop crashes.

The free money combined with NIRP was a double dose of sweet poison. The high was great but, the extremities are starting to go numb.
"Goldman Sachs admitted as much this week when their top analysts claimed that the third wave of the financial collapse of 2008, is rapidly approaching. Aside from how weird it is to hear a major financial institution admit that the crash of 2008 never ended, a fact that Austrian economists, conservatives, and libertarians have been saying for years, they also admitted that debt will be at the root of the approaching crisis."
Goldman Sachs: The Third Wave of the Financial Crisis Is Upon Us
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Old 07-02-2016, 11:02 PM
Danny B Danny B is offline
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Strange looking helicopter

This is news to me. Never heard it before;
The Oxford Club
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Old 07-03-2016, 12:31 AM
bistander bistander is online now
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Originally Posted by Danny B View Post
This is news to me. Never heard it before;
The Oxford Club
So, did you buy it?
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Old 07-03-2016, 06:10 AM
aljhoa aljhoa is offline
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Originally Posted by bistander View Post
So, did you buy it?
opportunity to choose to deduct either state and local income taxes or state and local sales taxes when you file your return with the IRS…. but by “fairly recent” I mean, “passed into law a little over ten years ago.” This isn’t new.

Wait, but they said Obama just signed it in December!

Yes, but what was signed in December was the “permanentization” of that tax break. For the past ten years, this has been an exception that Congress has voted in each year — but it wasn’t part of the “permanent” tax code, so Congress had to renew it each year.

Now, it’s a permanent part of the tax code.

Which doesn’t mean your tax calculation will be any different this year than it was last year or the year before… but it does mean that you should be able to have more confidence that the tax break will remain on the books.

Can you really “Collect a ‘Cash Rebate’ on Nearly EVERY Single Purchase Made in 2015?” | Stock Gumshoe

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Old 07-03-2016, 03:00 PM
Danny B Danny B is offline
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Hugh Grant & Kyle Bass

I never looked into it but, Aljhoa has it covered.
The baby boomers are retiring at the rate of 10,000 a day signing up for SS. They need a lot of retirement money to keep alive.
"The total U.S. Retirement Market collapsed 21% from 2007 to 2008 ($17.7 trillion down to $13.9 trillion). The current U.S. Retirement market is valued at $24.1 trillion. When the U.S. broader markets finally crack, I forecast a 50% decline in the U.S. Retirement market in the first wave. This could take place over a few years. A 50% decline would put the U.S. Retirement market at $12 trillion, a little less than what it was in 2008."
Why The Collapse Of The U.S. Economic & FInancial System Has Accelerated | Zero Hedge

Kyle Bass;
"Bass said the country’s $3 trillion corporate bond market is “freezing up” amid rising defaults and cancelled debt sales. “We’re starting to see the beginning of the Chinese machine literally break down.”
"It's too late." The credit excesses had already been built. And in China, the credit excesses are already built. They've got, we can go into numbers, but they have asset-liability mismatches in their system, in the wealth management products, that are more than 10% of their system. And our asset-liability mismatches were two and a half percent of our system" Before the 2008 crash.

Bass: I think the behavioural psychology plays a huge part. I think the first inalienable right of human nature is self-preservation, and when you get into a thought of, okay, Hugh's position, is if it...if this were to happen, it would be so globally terrible that therefore, they're going to not let this happen.
Williams: When you talk about this handicapping the central banks, which we've all had to do, and it's essentially impossible. How do a group of free market capitalists handicap a group of academics? We speak different languages.
So we're starting to see...the academics will never turn and say, "We were wrong." The academics will go "more,"

Grant: this idea of helicopter money, and the idea of banning cash, and all these things that, when you sit here in the cold like that, you can see exactly why they need to do these things. You watch the narrative unfold in the media, and then the trial balloons get floated. But you're right, they have to go to helicopter money, they're really not going to have a choice. And it seems to me that they are going to have to try to ban cash. Because, as you say, the U.S. savings rate has tripled since 2007, and that's literally the last thing they want or need. So is there any way out for these guys? Because that's the thesis that I keep checking. I can't see a way out, absent cold fusion. Cold Fusion,,, how did that get dropped into the discussion?
Kyle Bass Shares The "Stunning" Thing A Central Banker Once Told Him | Zero Hedge

"Total public debt on Thursday was $13.93 trillion, and government loans to itself are $5.45 trillion." National debt jumps nearly $100 billion in one day to record high | Washington Examiner

Gold’s shimmer is sign of dark days ahead – Huffington Post
Deflation is blowing in on an eastern trade wind – Automatic Earth
Why Treasury yields are about to really plunge – Zero Hedge No interest income as far as the eye can see.
7/03 The EU is breaking up politically and financially – 24hGold Maybe the technocrats weren't so smart after all.
7/03 Japan clobbered by weak inflation, business confidence – Daily Times Japan is clobbered by a falling population and killed by competition.
7/03 Did she say QE 4? – GoldAndOilGuy if the economy can't support the too-numerous banks, the printing press will be enlisted forever.

7/03 Bad-loan ultimatum in India sees default risk climb most in Asia – Bloomberg Shoot, just yesterday, I wrote that India is doing ok.
7/03 All paper currencies are doomed, Marc Faber says – CNBC Nothing new there.
7/03 Central banks playing competitive devaluation, fund manager says – GATA Nothing new there.
7/03 When government controls ALL wealth – Bonner & Partners We have GOV, of the bureaucrats, by the bureaucrats, for the bureaucrats. That is why there is a revolving door between Wall st. and the District of corruption. The bureaucrats are living well and spending quite a bit of money. Our trade deficit is $ 45 billion a month. Should our credit card be torn up, the bureaucrats will scramble to squeeze out a LOT more from the productive sector.

7/02 America’s offshore tax cheats are feeling the heat once again – Bloomberg If GOV doesn't have access to your money, obviously, you are a cheat.
7/02 Canadexit: how to escape the clutches of Donald Trump and Nigel Farage – Guardian YES, you must remain in the clutches of Rothschild.
7/01 Crescat Capital 2016 investor letter: China QE dwarfs Japan and EU – ValueWalk The crash could very well set off the San Andreas AND the New Madrid
7/03 We may have reached peak pensioner – Guardian This calls for more chemtrails and more graves.

More graves, THAT is what we need;
(1) The US Senate Committee on Homeland Security and Governmental Affairs (3 October 2012) has established that there is no domestic terrorist threat;

(2) There are 300 or more FEMA camps distributed around the country and we know that Congress has authorized 30,000 drones for domestic surveillance;

(3) Since there is no domestic terrorist threat, the domestic surveillance and those FEMA camps are not intended to survey terrorists or to imprison terrorists;

(4) Since those drones and FEMA camps are either intended to survey terrorists or US citizens, it follows that, since they are not for terrorists, they are for US citizens;

(5) DHS has acquired more than 1.5 billion rounds of .40 caliber hollow-point ammunition, which is not even permissible in warfare under the Geneva Conventions;
(6) Since DHS does not conduct operations abroad, it has been acquired for domestic consumption and, since there are not terrorists, it must be for US citizens;

(7) Congress is planning for funeral homes, cemeteries and mortuaries being “overwhelmed” from a mass terror attack, natural disaster or other crisis; but,

(8) there is no domestic terrorist threat and no conceiveable natural disaster would justify this dramatic authorization for coping with staggering numbers of bodies.
Conclusion: The United States is planning for massive civil war, involving massive casualities, with the citizens of the United States. Consider the evidence. There is no way around it. That’s what’s happening.
Homeland Security: Preparing for Massive Civil War | Veterans Today
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Old 07-03-2016, 06:39 PM
Danny B Danny B is offline
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Phantoms and proxies for trangible wealth,,, and BS theories

The FED funds lots of chairs and positions at many universities. The FED believes that it has a huge toolbox full of tools that it can use to control the economy. Lots of economists agree with the FED.
"This doesn’t work, so you create record amounts of new money and push interest rates into negative territory in an attempt to devalue your currency. But this — amazingly — doesn’t work either. " "What we’re witnessing, in short, is a catastrophic loss in the currency war. Contrary to every mainstream economic theory, debt monetization and full-throttle currency creation have resulted in a rising yen and falling prices."
"Abenomics and the desired impact of central bank policies are going into reverse. "

"Meanwhile, negative rates are especially murderous for bank shares. “Why should a central bank policy that hurts bank shares be good for a credit-driven economy?”
Something Huge Is Coming From Japan - DollarCollapse.com

Alan Greenspan; “You want to have as simple a model as you can get that actually captures the complexity of the forces in play… The FRBUS (Federal Reserve Board US) model… that model works exceptionally well for the non-financial area… The financial model was awful. It captured nothing. It didn’t grasp what the issue is.
"And I demonstrate what we have going - that we don’t measure correctly - are bubbles and their implications. Bubbles per se are not toxic. The 2000 bubble collapsed. We barely could see a change in economic activity. On October 19, 1987, the Dow Jones went down 23% in one day. You will not find the slightest indication of that collapse of that bubble in the GDP number – or in industrial production or anything else."
Credit Bubble Bulletin: Weekly Commentary: Greenspan on Bubbles

The Ivory Tower types are so distanced from the lower loop of the economy that can't possibly predict anything right. BUT, they are running the show for the pea-brains in the district of corruption.
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Old 07-04-2016, 04:52 AM
Danny B Danny B is offline
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Arrested development,,, when GOV owns it all

All of Mother Nature's creatures must be able to care for themselves shortly after birth. The human child is an exception. Man relies minimally on natural programming and must spend a huge amount of time on brain development and learning. The child must be supported for years while it does basic development. After several years of basic development, the child must be self-motivated to learn to survive on it's own. A LOT of children can't/don't want to leave the comfort of the "nest". The basic family unit is socialist in nature because it supports the little non-producers.
BUT, it is the natural order for the non-producers to take on responsibility for their own survival. If a child refuses to take responsibility for it's own maintenance and survival, this is a case of Arrested development.

The ideal of socialism is centered on arrested development where we expect the State to take care of all our needs and desires. One of the things that makes capitalism "work" is that the profit motive encourages some people to produce far more than they consume. If you remove the profit motive, those people will not feel motivated to produce any extra. The U.S.S.R. slowly spiralled down into bankruptcy.

The non-productive people of the world, many being lawyers, bankers and bureaucrats, are great fans of socialism as long as they are above the rabble. The State exists only for control. As long as everybody is sucking at the government teat, the State has a great deal of control on everybody. Frederic Hegel said that the individual should be completely submerged and in total service to the State.

“It is just a matter of time,” says a friend writing from Switzerland, “before the feds own all our assets. They’re determined to keep prices high and they have unlimited resources.”

Yes, stocks, bonds, old copies of Mad Magazine… everything will be owned by the government.

Then our liberty will be complete. We will have nothing… and nothing to lose. We will have become what leading progressive economist Wilhelm Röpke had anticipated: the “stable fed” animals that depend on their masters to keep them going.

At last, we will have the kind of capitalism another economist – Karl Marx – dreamed of: capitalism without private capital.

The Deep State will control all our wealth. We will go to college on federal loans…
…we will drive cars, leased of course, at federally subsidized low rates…
…we will live in houses mortgaged by federal mortgage lender Fannie Mae… with the mortgage rates pushed down by its fellow manipulator, Freddie Mac…

…we will work for companies that depend on the Fed’s EZ money financing…

…and, of course, our medical care will be in the hands of the feds… and our retirement finances too.
Cradle to grave – Chapter 1 to Chapter 11… all on central bank credit."

"Each dollar in the private sector is either earned or borrowed. The feds and their crony friends get their money for free. Gradually, they own more and more assets… while the rest of the people owe more and more debt."
"The feds got out the knife in 1971. They changed the money system itself. They severed the link between gold and the dollar… and between value and price.

It was so subtle almost no one objected… and so clever almost no one saw what it really meant.
It took us more than 40 years to figure it out. "
When Government Controls ALL Wealth

J. M. Keynes wanted euthanasia of the rentier Nobody would have any capital except for GOV. Since GOV can print an infinite amount of free money, it can outlast everybody who depends on interest income. NIRP and ZIRP are destroying the banks. ZIRP and QE will hang around until the banks are bust. Instead of being slaves to the private bankers, we would be slaves to the central bank and central GOV.
Walter Burien shows GOV records that come out yearly demonstrate that GOV already own a ?$ 200 trillion in cash and asets. CAFR1 Home Page

Having the reserve currency allowed U.S. GOV to over-print the dollar to the point where it could buy up the private markets. The actions of the FED seem inane. The FED is buying up risky assets by the TON. WELL, they aren't risky if you are buying with free money. The FED can claim that it is stimulating the economy with all that free money. Job loss to automation and outsourcing gives it cover for buying everything that isn't nailed down.

The credit bubble is expected to collapse. Only entities with a printing press and GOV enforcement can be expected to sail on through the disaster. If GOV can successfully control petroleum and food distribution AND it's enforcers, it will have quite a lock on everybody in the collapse.

Thought of the day; "famous American scientist claims we live in 'zoo for aliens' who use us as entertainment
Renowned astrophysicist Neil DeGrasse Tyson says our planet could have extra-terrestrial keepers who created the ongoing political crisis for their own amusement"
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Old 07-05-2016, 12:02 AM
Danny B Danny B is offline
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Splintering the EU,,, more bad economic theory

Italy is the third largest bond market in the world. It's banking system has started crashing. Renzi wants to save it by printing. He is telling the ECB and EU to "get stuffed" "We Won't Be Lectured" - Italy's Renzi To Defy Brussels Over Banking Bailout | Zero Hedge

"according to which the net income of virtually every social group of Americans has devolved dramatically in recent years. As a recent Pew survey showed, by 2014, median income had fallen by 13 percent from 2004 levels, while expenditures had increased by nearly 14 percent. "
Chicago Disintegrates - Gun Shootings Soar An Unprecedented 89%: "It's The Struggling Economy" | Zero Hedge

"The bail-in scheme was supposed to shift losses from governments to bank creditors and depositors, but it has served instead to scare off depositors and investors, making shaky banks even shakier. On top of that, heightened capital requirements have made it practically impossible for Italian banks to raise capital. According to Lorenzo Cordogno, former director general of the Italian Treasury, the result has been that the ECB is “unwittingly destabilizing the banks in an overzealous attempt to make Europe’s banks safer.”
Brexit and the Derivatives Time Bomb

"The social mood was darkening globally " Going… Going… Gone! The EU Begins to Splinter | David Stockman's Contra Corner

Western bankers and politicians, all being parasites, try to stimulate the economy so that they can rake off the best part,,, with the least effort. They pump in "money" into the upper loop and expect that it will stimulate the lower loop. This "wealth effect" is supposed to work magic. BUT, eventually, the bills come due.
"unleashed by the People’s Printing Press of China after 1994. But the incendiary hot house economy which resulted is now pinned under $30 trillion of unserviceable debt and the greatest eruption of malinvestment, excess capacity and sheer investment waste in recorded economic history "
The Curse Of ‘Wealth Effects’ Central Banking | David Stockman's Contra Corner

"So for the third time this century, a business cycle contraction will come without warning from the Fed. Once again the Cool-Aid drinking perma-bulls, day traders and robo-machines will be bloodied as they stampede for the exist ramps." "At the same moment, the futures market was signaling an open on the cash S&P 500 at 2110 or within 0.09% of its all-time high and at nosebleed PE ratio of 24X reported earnings."
"That’s right. Since the auto cycle bottom in mid-2010, retail motor vehicle sales have rebounded at a $360 billion annual rate, whereas auto loans outstanding have risen by $355 billion." NO problem, we're only $5 billion out of pocket.

GOV (bankers) took the interest on our savings account. Then, they figured that we would just spend the money since it wasn't earning interest. We did just the opposite and saved even more. Money velocity is down in the dumps and they need us to spend MORE. MORE consumption. On anything EXCEPT gold. Evidently they are starting to block gold sales.

7/04 Bear Stearns 2.0? UK’s largest property fund halts redemptions – ZH
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Old 07-05-2016, 01:57 PM
Danny B Danny B is offline
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What can't go on,,, won't

"The S&P has more than doubled since 2009, while the Dow Jones has actually tripled." ,,, even though consumption is down.
"Real gross domestic product -- the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production, adjusted for price changes" is going steadily down.
"When the Organization for Economic Cooperation and Development (OECD) examined income inequality, it found that the U.S. has the fourth highest income Gini coefficient — 0.40 — after Turkey, Mexico, and Chile. "
Ahead of The Herd - Quantifornication Revisited

"Two years in succession, the American unit of Deutsche Bank has failed the FED’s “stress test” "In 2007, Lehman had a leverage (the ratio of total assets to shareholder’s equity) of 31:1. At the time that Lehman filed for bankruptcy,"
"In comparison, DBK has a mind boggling leverage of 40x,"
"On June 29th, 2016 the IMF stated that “among the [globally systemically important banks], Deutsche Bank appears to be the most important net contributor to systemic risks," " We will not only see a repeat of this occurrence, again, but it will be exponentially larger than Lehman’s was!"
"The nominal value of derivatives risk that DBK holds on its’ books is $72.8 trillion" "What is more concerning and alarming is that the market cap of DBK is less than $20 billion."
Deutsche Bank to initiate the next “financial crisis”! - ETF Forecasts, Swing Trades & Long Term Investing Signals

7/05 Brexit is a Lehman moment for European banks – Bloomberg Bad news for Deutsche Bank
7/05 VIX, the market’s fear gauge, plunges in historic one-week move – CNBC
7/05 Investor fears spike – Wolf Street
The VIX isn't showing the fear but, the SKEW is.
7/05 This economist thinks China is headed for a 1929-style depression – MarketWatch They should be so lucky.
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Old 07-06-2016, 01:40 AM
wayne.ct wayne.ct is offline
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Triggers and Indicators

I have (informally) been making a note of mentions in comments in blogs that I happen to read. Specifically, posts where people threaten or mention any sort of tax rebellion, refusing to pay taxes, etc. There has been an uptick in such posts. Again, specifically, a slew of posters latched on to the same notion. That notion being, if HC does not have to obey the laws, then the poster won't either. The bottom line being some form of tax rebellion.

This rebellion or civil war can be compared to the knee in a graph. The pressure builds up and then suddenly there is this abrupt movement. It has to do with confidence in the paper currency and the controllers of the circulation. I think we can count on the FED and Congress doing what they think is best to control the paper in circulation, but what is really critical and what they cannot control is the perceived value of a unit of circulating paper. When confidence is lost it will happen quickly. The people stocking the shelves with goods will follow directions and the prices will skyrocket. Confidence will be lost and people living on-the-edge will freak out.

The government employees and hired goons will get raises to cover their increases in cost-of-living, and everyone else will get destroyed. THEY will clean out the shelves of goods for sale and that will be the end. The people talking tax rebellion is an indicator or trigger of a change that is in motion.

That is how I see things at this moment. Tomorrow I may feel differently.
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.
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Old 07-06-2016, 03:07 AM
Ruphus Ruphus is offline
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I'll just leave this here

Did The System Collapse?
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Old 07-06-2016, 03:25 PM
Danny B Danny B is offline
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Details of the crash

Great graphic, Ruphus.
Here is a GREAT article. I won't excerpt it;
Another great article;
"Brexit is just a symptom of the disease eating away at the fabric of our global economy. Lehman’s collapse was not the cause of the 2008 worldwide financial crisis. It was just the excuse for something that was going to happen no matter what. Bad debt, bad bankers, bad regulators, bad politicians, "
IT’S NOT THE BREXIT STUPID – The Burning Platform

Here is an article speculating about which currency will crash first and what will be used on the street for money; What Will Happen to You When the Dollar Collapses? | International Man

"When compared with official inflation this difference amounts to 7.5%. This enables us to verify the US GDP growth rate – officially at 2%. Using more accurate numbers we can see that the US economy is shrinking by 5.5% each year. " GREAT GRAPHS. Druckenmiller, Soros, Spitznagel, Gross Warn Of Crisis - ValueWalk

GOV "invented" paper gold a few decades ago so that the P.O.G. could be controlled. Why?
"Former US Treasury Secretary Larry Summers wrote that a phenomenon called Gibson's Paradox identified that rising gold prices have historically forced interest rates higher. These rising rates thwart prolonged inflationary money and debt creation by central banks."
"The scheme of suppressing global gold and silver prices for decades has allowed loose monetary policy globally by central banks over this period and has created a secular global bond bubble with worldwide bond holdings now exceeding $220 trillion and 340% of GDP - twice the historically sustainable level of 150% of GDP."

So, was the bond bubble created to make the bankers rich and pay for wars and socialism, OR, was the bond bubble created to cause a mega-crash resulting population reduction and one-world control?

A word from your owners, 7/05
Letting central banks manage the economy might not be so bad – Bloomberg
You will have no other gods. 7/06 EU moves to crack down on bitcoin, prepaid credit cards – The Hill
7/06 Spain, Portugal said to face EU sanctions for budget failings – Bloomberg That sounds expensive.
7/06 Spain’s Social Security program will go bust in 2018 – Mish
Global investment skids to a halt

All the rotten scum at the top are getting desperate to maintain power and wealth. Some of the rotten scum are trying to institute world socialism to maintain control. A lot of people are going to die earlier than they planned.
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Old 07-07-2016, 01:31 AM
Ruphus Ruphus is offline
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It's not mine. I did email the creator of the site to see if he will come share here as well.
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Old 07-07-2016, 03:28 AM
Danny B Danny B is offline
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Dead bank walking,,, running for the exits

It takes your breath away to see how fast things are coming apart at the seams.
"Deutsche Bank is back on top, though on the wrong peak. According to a recent IMF report, it poses a bigger threat to the global financial system than any other bank in the world. "
"share prices on the floor, and a stock market value of only $19 billion"
"Deutsche Bank still has around $1.9 trillion of investments on the books. That amounts to more than half of Germany's entire GDP. " Why did the article not mention $ 70 trillion in derivatives?
"7,800 lawsuits have been carried out against the bank worldwide." " record losses of over $6 billion" "Deutsche's share price has halved itself once again this year. "
Opinion: The downfall of an institution | Business | DW.COM | 04.07.2016

The contagion;
7/06 US stocks, bonds, gold jump as EU banking system collapses – Zero Hedge
7/06 Italy may spur pan-Europe bank crisis – Bloomberg
/06 EU banks crash to crisis lows as funding panic accelerates – Zero Hedge
7/06 Government bond yields signal “something very nasty is coming” – Zero Hedge
7/06 Asia markets tumble as investors scurry into safe-haven plays – CNBC
7/06 Markets worry as Italian banks face the perfect storm – CNBC
7/06 Brexit erodes UK economic pillars, property investors flee – Bloomberg
7/06 Brexit shocks push the pound to fresh 31-year low – Bloomberg
7/06 Forget Brexit — China’s currency is falling again – GATA
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Old 07-07-2016, 03:25 PM
Danny B Danny B is offline
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Bonner, the difference between paper money and credit

Steve Saville; "Most rational people with some knowledge of economic history will realise that the US$ will eventually be the victim of hyperinflation."
It's amazing how many writers, economists and, people in general believe that hyperinflation is coming because the FED increased the "money" supply.

Bonner; "The Fed is not printing money. If it were printing money, we’d have more money around… and higher consumer prices." "Yes, their new system is totally fraudulent and absolutely ruinous – just like an old fashioned money-printing scheme. But the fraud takes much longer to uncover… and the ruin is only obvious at the end. "
"Instead of printing money itself, the Fed allows banks to create an almost unlimited amount of credit "
" At first, this new credit-money acts much like printing-press money: It gives people money to spend that nobody ever earned. Everybody is happy.

But if you keep on creating more and more paper money, the fraud is soon obvious. Prices rise. People realize that they have no more purchasing power than they had before. " " By setting up this credit-money system, on the other hand, the feds avoided that problem… or at least, postponed it.

Between 1980 and 2016, for example, Americans spent $32 trillion in net, excess credit. That’s credit (and debt) above and beyond the historic relationship between GDP and debt. "
" If the feds had handed out paper money, prices would have gone up. But even in a recession, or a debt deflation, the cash would still be there. Printing-press money raises prices, permanently.

But a credit-money system is very different. Every new dollar that comes into the system is also another dollar of debt." "Now, American consumers, businesses, and government all drag behind them about $60 trillion in debt."
" Debt is just the flip side of credit. As debt goes bad, credit disappears. And then the system that created so much credit-money will go into reverse, destroying the nation’s money supply.

The money supply (actually, the supply of ready credit) will shrink – suddenly and dramatically. And what should have been a minor, routine pullback in the economy will become a catastrophic panic."
The Fed’s “Doomsday Device” Is About to Explode
Once you inject paper money into the system, you can't get it back out. A paper note exists forever. Credit is just a belief that relies entirely on confidence. "Americans spent $32 trillion" We've already had hyperinflation but, only in the credit supply, NOT in the paper money supply.

Planet Debt and the Deep State; Planet Debt
Armstrong said that 26% of Americans are hoarding cash at home.
"During the first and second quarters of 2014, the velocity of the monetary base2 was at 4.4, its slowest pace on record. This means that every dollar in the monetary base was spent only 4.4 times in the economy during the past year, down from 17.2 just prior to the recession. "

U.S. Banks Hoard $2 Trillion of Ultra-Safe Bonds - Bloomberg
Why Are Corporations Hoarding Trillions? - The New York Times
America's companies are hoarding $1.4 trillion in cash - Sep. 25, 2015 CNN
The Rich Are Hoarding Cash And It's Making Us A Lot Worse Off Huffington Post
Report: It's YOUR Fault: Fed Says Americans Who "Hoard Money" SHTF Plan

The cash supply is going into hiding and the credit supply is soon? to go into reverse.

7/07 A furious Italian Prime Minister slams Deutsche Bank – Zero Hedge Italy is the 10th largest economy and the third largest bond market. Was that a good idea?
7/07 Voodoo banking isn’t the answer – Bloomberg
7/07 “It’s starting to feel like 2008” – Daily Reckoning
7/07 Goldman warns of bear market in next few months – ETF Daily News
7/07 Our future is (literally) crumbling before our eyes – 24hGold
7/07 How to prepare for the worst bear market you’ve ever seen – Casey Research
7/06 Forget Brexit — China’s currency is falling again – GATA China already has $ 30 trillion in debt that it can't service. As it's currency falls, it's dollar-denominated debt will become much more difficult to repay.
7/07 Panic withdrawals force three more UK property funds to freeze assets – Zero Hedge The property funds allow instant redemptions BUT, it takes a long time to sell properties and raise the cash.
7/06 Brexit shocks push the pound to fresh 31-year low – Bloomberg That set off the redemptions. Every breach of confidence creates even more flight out of investments and into alternatives.
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