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  #2281  
Old 08-03-2017, 11:19 PM
Danny B Danny B is offline
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Too, too big,,, punishing the productive

Too much centralization must fail. Repost; https://www.youtube.com/watch?v=IpXVoSZyHXM&t=30s
"The crisis currently playing out on the world stage is a crisis of growth. Not, as we are regularly told, a crisis caused by too little growth, but by too much of it. Banks grew so big that their collapse would have brought down the entire global economy. To prevent this, they were bailed out with huge tranches of public money, which in turn is precipitating social crises on the streets of Western nations. The European Union has grown so big, and so unaccountable, that it threatens to collapse in on itself. Corporations have grown so big that they are overwhelming democracies and building a global plutocracy to serve their own interests. "

"In fact, Kohr’s message is a direct challenge to them. “Wherever something is wrong,” he insisted, “something is too big.”
"Published in 1957, The Breakdown of Nations laid out what at the time was a radical case: that small states, small nations and small economies are more peaceful, more prosperous and more creative than great powers or superstates."
"Kohr’s claim was that society’s problems were not caused by particular forms of social or economic organization, but by their size. Socialism, capitalism, democracy, monarchy—all could work well on what he called “the human scale”: a scale at which people could play a part in the systems that governed their lives. But once scaled up to the level of modern states, all systems became oppressors. "
"We have now reached the point that Kohr warned about over half a century ago: the point where “instead of growth serving life, life must now serve growth, perverting the very purpose of existence.”
We Got Too Big For the World | Literary Hub

"All major political parties in Western Europe, regardless of their different names and party programs, are nowadays committed to the same fundamental idea of democratic socialism. They use democratic elections to legitimize the taxing of productive people for the benefit of unproductive people. They tax people, who have earned their income and accumulated their wealth by producing goods or services purchased voluntarily by consumers and they then re-distribute the confiscated loot to themselves"

"They do not call this policy by its right name: punishing the productive and rewarding the unproductive, of course. That doesn’t sound particularly attractive"
"The EU and the ECB are a moral and economic monstrosity, in violation of natural law and the laws of economics. You cannot continuously punish productivity and success and reward idleness and failure without bringing about the disaster." Good article;
https://mises.org/blog/put-your-hope...centralization

"taxing of productive people for the benefit of unproductive people". If the productive people don't have the money, just print a bunch more. If nobody pays back their loans,,, just print a bunch more.
"there remains nearly €1 trillion in bad loans within the European banking system. This represents 6.7% of the EU economy, according to a report and action plan considered by EU finance ministers earlier this month. That compares with non-performing loans (NPL) ratios in the US and Japan of 1.7 per cent and 1.6 per cent of gross domestic product, respectively."
Europe's Banking Dysfunction Worsens | Zero Hedge
European socialism will crash before American socialism.
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  #2282  
Old 08-04-2017, 02:22 PM
Danny B Danny B is offline
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Crony capitalism scalping the productive economy

Over the last several years, the finance industry went from 5% of the economy to about 20% of the economy. How did it do that?
Many years ago, your deposit in the bank was "call money". It was yours. Over the years, the banks needed more and more money. Your deposit became an "unsecured loan to the bank". The banking industry refused to contract when the economy contracted. Your deposit is now called, "an investment in the bank".
The State, for it's part, started confiscating cash where ever they found it. Obviously, your cash is the proceeds of criminal activity. The war on cash is in full stride. The banks are screaming if anybody has cash outside the banks. YOU are the problem if you hide away your cash for yourself.
Aussie 'War On Cash' Tsar: "Consumers Are Part Of The Problem" | Zero Hedge

So, what do the banks want your cash for? In a shrinking economy, the bankers are having a hard time trying to generate fees.
"Mega-Banks Blow 100% of Earnings on Share-Buybacks & Dividends, Crimp Lending, Constrain Economy "
Mega-Banks Blow 100% of Earnings on Share-Buybacks & Dividends, Crimp Lending, Constrain Economy | Wolf Street
The banks don't want to lend money into a shrinking economy so, they use the money to jack up their bonuses. Even during the big 2008 crash, their bonuses didn't shrink.

The pension system in a nutshell, What Ponzi Scheme? Public Pensions Average 0.6% Return In 2016 Despite 7.6% Assumption | Zero Hedge
A note for all you preppers, Forbes Says Self-Reliant Homesteaders Are "Delusional" And "Mooching" Off "Civil Society" | Zero Hedge
"Ah, poor misunderstood dorks. But what else can they expect? Read any of this stuff and you know: few preppers are smarter than a 5th grader"
" be prepared to neuter preppers by any means available.
Not only will such noblesse oblige ensure a stronger gene pool going forward, but hey — those bastards have all the gear and food and fish antibiotics you'll ever need."
https://www.piquenewsmagazine.com/wh...nt?oid=2657786
The pension gap, https://www.bloomberg.com/news/artic...n-pension-hole

8/04 UK and US savings rate plunges, debt comes full circle – Mish Maybe because we don't have any money.
8/03 Loan default rates deja vu 2008: “right before the SHTF” – Silver Doctors We're going to need a bigger fan.

"Thus, upwards of $1 billion in capital was supplied to Blum’s fund by the California Public Employees’ Retirement System, the California State Teachers’ Retirement System and the Los Angeles County Employee Retirement System, among others. "
This money was then used for leverage buyouts and asset stripping.
"Nor is the fact that his fund was among a pack of hedge fund jackals that ran up the stock prices of for-profits education companies to absurd heights based on growth momentum that was totally unsustainable. In fact, these outfits harvested hundreds of billions of student loans from hapless enrollees — of which 33% of the tuition proceeds went to selling bonuses and expenses, 33% to operating profits and the left-overs to the purported cost of education."
Ah yes,,, fees and bonuses.
https://dailyreckoning.com/fed-enabl...calp-billions/
"That is, negative cash flows are signaling a need for tsunami of bankruptcies, job-layoffs and store liquidations that significantly exceed the fundamentals of the sector.

Finally, the scramble for yield among money managers has fostered the financial liquidation of retail sector equity for the sole purpose of redistributing windfalls to the top of the economic ladder."
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  #2283  
Old 08-05-2017, 03:02 AM
Danny B Danny B is offline
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Productivity,, property rights

Pax Americana experienced a post-war boom in manufacturing because everything in Europe got blown up. In the mid-60s, we started the welfare-warfare economy. Since then, it is claimed that we spent $25 trillion on the war on poverty. By 1970, we had overspent and lost our gold. We also started losing market share. Our credit terms were lengthened so that we could work LOTS more and still "enjoy" our great standard of living. The competition has just gotten too great and we're losing more and more manufacturing.
Reportedly, we're in the process of switching over to a service economy. A service economy doesn't produce enough value-added industry to support / offset our imports.

"America and Western Europe exported almost their entire manufacturing capacity to China etc. And how can you be productive if you don’t manufacture anything? "
"What if the decline in US productivity measured since the 1970s isn’t happening in spite of technology, but because of it?"
" Productivity In America Now On Par With Agrarian Slave Economy"
"US productivity growth peaked in 1972 – incidentally the year after Nixon took the US off gold. The productivity decline witnessed ever since is unprecedented."
No mention that 102 million Americans of working age are not in the labor force.
"In other words, we have seen a progressive (pun intended) weakening of the US economy from the 1970s and the reason is simple enough when we know that monetary policy broken down to its most basic is a transaction of nothing (fiat money) for something (real production of goods and services). Modern monetary policy thereby violates the most sacred principle in a market based economy; "
"The central bank does not need to worry about such trivial things. They can manufacture the medium of exchange at zero cost and express purchasing power on the same level as the producer. However, consumption of real goods and services paid for with zero cost money must by definition be pure capital consumption."
Yep, debt creation just so that the parasites don't go hungry. They can create lots of tokens without doing anything productive.

"Productive structures cannot be properly funded and the economy must regress"
"We’ve used all those trillions in new debt to, as far as productivity is concerned, run to not even stand still: productivity (GDP per capita) continues to decline despite all the debt. Why is that? Well, Bohm-Bawerk answers that question earlier: “.. consumption of real goods and services paid for with zero cost money must by definition be pure capital consumption.” In other words, as I said before, if you don’t use it to actually make things, you’re basically just burning it."
"Things would look different if we used the “zero cost money” for production instead of consumption. But that’s not what the central bank money is used for at all. "
Ah yes, create debt-free money just for production. don't hold your breath.
https://www.theautomaticearth.com/20...vity-and-debt/

Don't waste your time going to college, Only Employment Gains In The Past Year: Those With A High School Diploma Or Lower | Zero Hedge
Japan is hard at work to disprove the economic theories that haven't already been disproven.
https://www.bloomberg.com/view/artic...economic-ideas

No currency union has ever worked if it didn't also have a debt union. The IMF listened to the siren-song of world socialism and ignored long history. They have come out and admitted that they completely screwed up. Almost all the economic theories have proved to be just worthless theories. Not to worry though. They still teach them worldwide.
IMF admits disastrous love affair with the euro & apologises for the immolation of Greece! ? dailyhellas.com

"When the two basic tenets of a market economy—the rule of law and property rights—are abolished, the private sector doesn’t have the incentives to invest time and resources in productive enterprises."
"And even though the state oil company Petróleos de Venezuela, S.A. (PDVSA) is state-run and therefore has better security, the Chávez regime made it hopelessly inefficient, such that it isn’t profitable when oil falls below $50 per barrel.

“The Chavistas kicked out everybody who wasn’t one of them—19,000 people. So they only had And even though the state oil company Petróleos de Venezuela, S.A. (PDVSA) is state-run and therefore has better security, the Chávez regime made it hopelessly inefficient, such that it isn’t profitable when oil falls below $50 per barrel.

“The Chavistas kicked out everybody who wasn’t one of them—19,000 people. So they only had political appointees and the real experts left the country. " political appointees to run the oil industry.
"If the current government stays in power, Venezuela could end up like Zimbabwe, where President Robert Mugabe is still dictator at age 93 and steers the country from one economic crisis to another."
How to Crash an Economy

Zimbabwe has money for GOV officials but, none for the people. http://www.rense.com/general96/Zimbabdarelook.html
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  #2284  
Old 08-05-2017, 07:23 PM
Danny B Danny B is offline
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Neocons,,, no bubbles in sight

"still think, that confidence in central banks and policymakers has been unjustified and thus could erode or collapse at any time. Since the major financial institutions which comprise the financial system are still way overleveraged and opaque (in fact with record amounts of debt and derivatives at present), such a break in confidence could happen abruptly and without warning.
Investors should come to grips, intellectually and viscerally, with the likelihood that most fiscal and monetary policymakers' knowlege of the world is somewhere between "close to nothing" and "way less than zero," and that their pronouncements and policies usually range from "silly but harmless" to "dumb and dangerous."
In Epic Letter, Elliott's Singer Rages Against Everything From Passive Investing To "Safe Spaces" | Zero Hedge

Trump signed the sanctions bill while admitting that it was unconstitutional. It specifically limits the power of the president, which is absolutely against the separation of powers.
Text of signing statement Trump issued alongside the Russian sanctions bill - MarketWatch
What will happen at budget time?

"These are the folks who in spite of their 100% ironclad control of the media and Congress lost the Presidential election to Donald Trump and who are now dead set to impeach him. "
"Keep in mind that the historical record shows that while the Neocons are fantastically driven, they are not particularly smart. Yes, they do have the kind of rabid ideological determination which allows them to achieve a totally disproportionate influence over US policies, but when you actually read what they write and listen to what they say you immediately realize that these are rather mediocre individuals with a rather parochial mindset"

"Even the 100% russophobic Bloomberg is beginning to realize that, if anything, all these sanctions have made both Putin and Russia stronger."
Sanctions, smoke and mirrors from a kindergarten on LSD | The Vineyard of the Saker

The chief bubble blower seems to have smoked some ganja OR drunk some bad Port.
"Bubblicious Debate: Greenspan Says “Bond Bubble About to Break”, No Stock Market Bubble"
The P/E is the highest in history BUT, there is no bubble.
https://mishtalk.com/2017/08/04/bubb...nce-deja-view/
Here is a very deep article from Hugo Salinas Price, .:Plata:.

8/05 German bitcoin exchange hands private info to investigators – Coin Telegraph
8/05 ‘Bitcoin cash’ prices fall by 57% – CNBC
8/05 Hackers move $140k from bitcoin wallets, Marcus Hutchins arrested – Coin Telegraph

If it isn't physical,,, it isn't safe.
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  #2285  
Old 08-06-2017, 04:36 AM
Danny B Danny B is offline
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Risky banks,,, uneven liquidity

The ECB is openly talking about closing the banks and burning the depositors. The CB can print money but, they can't control where it goes. The banks in the southern European countries are insolvent. The ECB prints BUT, the money flows into the good banks. Nobody wants their money in a bad bank. The ECB just can't figure it out.
"Many European banks are lacking liquidity, despite the fact that the ECB has already pumped more than €1.5bn in the market and will continue to do so at least until the end of 2018. " Sloppy work. That €1.5 bn is supposed to be €1.5 trillion.
"The authors of the study are not sure what accounts for the unequal distribution of liquidity."
"The fact that this liquidity ends up in wealthy states within the Eurozone instead of in states where it is badly needed is contrary to the goals of the ECB." Feces for brains politicians can't understand that; anybody that desperately needs money,,,, is always a credit risk.
Explaining the Uneven Distribution of Liquidity in the Eurozone - The Market Mogul

Armstrong, "ANSWER: No. Even FDR closed the banks. While bailouts have ceased, the government will simply now expropriate depositors money to save the banks. Keep in mind that the big banks sell the government debt known as the primary dealers. So no matter what they say, they will protect the banks before the people. The risk is greater in the EU than in the USA."
https://www.armstrongeconomics.com/w...ies-worldwide/

" Meanwhile, the Treasury Dept is burning through its dwindling cash reserves, and all government activities will face a shutdown at the end of the summer unless congress votes to raise the debt ceiling — which may be way harder than passing the stupid Russia sanctions bill."
Russiatosis - Kunstler
The MSM and neocons are so focused on destroying Trump that they are oblivious to all the financial dangers that they create.
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Last edited by Danny B; 08-06-2017 at 04:37 AM. Reason: spppeling
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  #2286  
Old 08-06-2017, 04:56 PM
Danny B Danny B is offline
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paper money, delusion,, fees & bonuses

This is a repost of the South park vid, "poof, it's gone". https://www.youtube.com/watch?v=NmFo-LKHGY0
The money is gone because the bank SAYS it's gone. The depositor agreement has been changed. Now, you are an investor in the bank. If they SAY that your investment is gone, well,,, then it is.
A bank is just a consumer. They don't produce anything. They depend on constant growth so, they are also a Ponzi scheme. When there is a bank closure, they close the doors and figure out how much of the money they need to steal to stay in business,,, if possible. In the '29 crash, 9400 banks closed. They look at the funds of the bondholders, stockholders and depositors. Always looking out for themselves, they try to preserve the senior bondholders.

"Mega-Banks Blow 100% of Earnings on Share-Buybacks & Dividends, Crimp Lending, Constrain Economy "
The banks see no point in lending into a shrinking economy. It is far less risky to put the free money into markets that the FED is backstopping.
Meanwhile, the fees, bonuses and dividends just keep rolling in.

"Using public data to analyze the 10 largest bank holding companies, Hoenig found they will distribute more than 100 percent of the current year's earnings to investors, which could have supported to $537 billion in new loans.
On an annualized basis they will distribute 99 percent of net income, he added." "Since Bank managers are personally heavily rewarded on the share price of the Banks through bonuses and share options, the cause of this is clear."
"This problem was addressed by Glass-Steagall and functioned very well, keeping the banking system essentially sound for almost seventy years, until it was repealed under the Clinton Administration in conjunction with a Congress all too willing to sacrifice the interests of their voters to Big Money."
Don't blame me. It takes LOTS of money to get elected,,, to be a public servant.
"If at times his [Andrew Jackson's] passionate devotion to this cause of the average citizen lent an amazing zeal to his thoughts, to his speech and to his actions, the people loved him for it the more. They realized the intensity of the attacks made by his enemies, by those who, thrust from power and position, pursued him with relentless hatred. The beneficiaries of the abuses to which he put an end pursued him with all the violence that political passions can generate. But the people of his day were not deceived. They loved him for the enemies he had made."
Sounds familiar.

"An overwhelming proportion of the material power of the Nation was arrayed against him. The great media for the dissemination of information and the molding of public opinion fought him. Haughty and sterile intellectualism opposed him." Check.
https://jessescrossroadscafe.blogspo...financial.html

Your receipt for a deposit is just a piece of paper that can become worthless at the whim of the bankers. Your dollar bill is a different story altogether. Your deposit receipt is only tradable in your bank. Your dollar bill is tradable everywhere.
"Keep in mind that the big banks sell the government debt known as the primary dealers. So no matter what they say, they will protect the banks before the people."
The banks and State are desperate to get those dollar bills OUT of the hands of the general public. The dollar bill is a bearer-bond and a demand note. Neither the banks, nor the State can make that bill in your pocket vanish. The open market operations of the FED are used constantly to make liquidity vanish in whatever market the FED is trying to constrict or slow down. They absolutely do not want paper money in circulation because they lose all control of it. Aussie wants to chip big bills to recover control.

The State knows well the "power" of cash. "The $100,000 dollar bill is actually not a dollar bill at all, it’s a gold certificate. What’s a gold certificate? Well a gold certificate is money that the government prints that only they can own and use. It is intended for only the use in Fiscal Channels. There were only 42,000 $100,000 dollar certificates printed and the only ones around today are not for sale "

The stock market has topped-out and is headed down, http://www.zerohedge.com/sites/defau...805_dead_0.jpg
Dead.Market.Walking | Zero Hedge

The stock market has ZERO connection to the real economy. The stock market is ONLY a money laundering mechanism for the bankers.
The bankers could print trillions at will. But they're afraid to do all of it out in the open. So this is what they do, for example: Banks A and B set up a private bank C with non-publicly traded stock in the Cayman islands, which thus doesn't have to disclose who owns it because its shares are not publicly traded. Bank A sells short an S&P 500 Futures contract to Bank B. Bank C buys call options on Bank A stock and put options on Bank B stock. S&P 500 index goes up. Bank B makes money. Bank A loses money (and writes off much of it as losses lowering the amount of tax due). Bank C makes lots of money and extends loans at low or inflation-adjusted inexistent interest rates to Bank A and Bank B. Bank A and Bank B buy Bank B's stock at significantly lower prices than they were before above operation was booked. Next round, Bank A and Bank B trade places. When it gets boring after a while, Bank C declares bankruptcy. Its receivership who is an attorney who also works for Banks A and B writes off loans made to Banks A and Bank B as nonrecoverable. Shareholders of Bank C do not object to the total loss on their bond portfolio that ensues.

The S&L crash was an egregious example of bankers making bad loans to other bankers and waiting for the whole thing to blow up,,, and be bailed out.
"Communism was not created by the masses to overthrow the bankers, Communism was created by the bankers to overthrow and enslave the masses. "
https://www.youtube.com/watch?v=w4W1ph9j_7c&t=37s

Here is an article from the brightest of the bright. It is a good study in delusion and confusion. I won't take time to dissect and rebut it.
https://pro.dailyreckoning.today/p/A...WNT810/?h=true
Here is another BIG dose of delusion.
"Unemployment bottomed at 4.4% "
"The labor participation rate remains a dismal 62.9%."
http://creditbubblebulletin.blogspot...-carefree.html
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  #2287  
Old 08-07-2017, 12:30 AM
Danny B Danny B is offline
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Freedmanite economics,,,runaway automation.

The default cascade will kick in. The banks will close to avoid insolvency. They will take your investment (aka, deposit),,,, they will shed crocodile tears for your loss.
"President Nixon embraced the woolly theory of Milton Friedman and declared the irredeemable dollar a Monad, that is, a thing that exists in and of itself. According to this theory the government has the power to create irredeemable debt ― debt that never needs to be repaid yet will not lose its value ― subject only to a “quantity rule”, e.g., it must not be increased by more than 3 percent annually. This idea is so preposterously silly that “only very learned men could have thought of it”.
"For all its seductive attractiveness Friedmanite economics is ignoring the effect of irredeemable debt on productivity."

"The reason for the decline is that irredeemable debt causes capital destruction. It adds nothing to the per capita quota of capital invested in aid of production."
"Perhaps the worst aspect of the regime of irredeemable debt is the lowest level of morals followed by governments in modern history. It is epitomized by an elaborate check-kiting conspiracy between the U.S: Treasury and the Federal Reserve. Treasury bonds, contrary to appearances, are no more redeemable than Federal Reserve notes. It's all very neat: the notes are backed by the bonds, and the bonds are redeemable by the notes."
GOTTERDÄMMERUNG- The Twilight of Irredeemable Debt :: The Market Oracle ::

The financial industry is a non-producer. The state is a non-producer. We got pushed off a cliff when our jobs were outsourced. Unfortunately, things will only get worse.
“Within 30 years, half of humanity won’t have a job. It could get ugly. There could be a revolution."
"You don't realise it but we're in a race between technology and politics, and technologists are winning. They're way ahead."
"They will destroy jobs and disrupt economies before we even react to them and we really should be thinking about that."
"The big secret in Silicon Valley is that the next wave of disruption could tear apart the way capitalism works, and as a result the way we live our lives could be utterly transformed."
Artificial intelligence pioneer Jeremy Howard said: "People aren't scared enough."
"They're saying 'Don't worry about it, there will always be more jobs'."

Comments;
"My response: Sorry to deliver the bad news, we don't have anything close to 30 years. The scientific decay rates for lots of things predict a much short time frame that will alter our reality. With the earth polar shift now underway and Sun hibernation cycle set to begin, our realities in this world are about to begin to change radically. "
"Society AS WE KNOW IT will collapse.

The robot revolution will usher out the "work to live" system and replace it with the "work to self-actualize" system. People will do productive work for their own benefit rather than material gain, because they already have all the material they could ever want, thanks to an unlimited robotic workforce comprised of a near-infinite number of ASI super-beings doing the drudgework of providing us will all the goods and services we could ever want."

"There are two, and only two, outcomes of the "automate to zero" model: Complete abundance or total dictatorship. There is virtually no funding or research for the former, with the rare exception of the cypherpunks. Your vision of the future may come to fruition, but the odds are heavily against you.

Y'know, there was a Harvard professor back in the day who was a victim of MKULTRA at the University of Michigan. Wrote a book called "Industrial Society and its Future." Some called it a Manifesto. It's a fascinating read and equally as prescient as Timothy May's early writings on cryptoanarchy, but from the other side of the coin. A Dutch team did a fantastic documentary on this subject back in the mid-2000s but you'd never see anything like it aired Stateside: "
EXCELLENT vid, https://www.youtube.com/watch?v=yJDv-zdhzMY
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  #2288  
Old 08-07-2017, 03:50 AM
Danny B Danny B is offline
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0000000000000000 everywhere,,, Hacker noon

"Your receipt for a deposit is just a piece of paper that can become worthless at the whim of the bankers."
"Since the global debt position, including unfunded liabilities and derivatives, amount to over $2 quadrillion, so should global assets. But global assets are not even a fraction of that. Supposedly, global assets are $250 trillion, but these are all bubble valuations that will implode as the debts and liabilities implode"
"Nobody realises that their money is just an electronic entry that can be turned off in a second by the government. "
https://www.goldbroker.com/news/bank...-tomorrow-1162

"Three large (G-20) countries are flashing warning signals today for impending banking crises based on such imbalances:China, Canada, and Australia. No mention of Italy,,, the third largest bond market?
Great article but, it doesn't copy right. https://www.crescat.net/wp-content/u...rly-Letter.pdf

The "violence hack",,, "The true power of cryptocurrencies is the power to print and distribute money without a central power.
Maybe that seems obvious, but I assure you, it’s not. Especially the second part.
That power has always rested with the divine right of kings and nation-states. Until now."
https://hackernoon.com/why-everyone-...y-860c3f25f1fb

Mish lays out a list of the main BS monetary theories.
https://mishtalk.com/2017/08/05/debu...sm-monetarism/
Keep in mind that these theories are the only justification for printing money for the parasites.
The State convinced us that it would take care of us in our old age. That was a good thing because emerging socialism had destroyed the family. The unfunded liabilities of the FED GOV are reckoned at $212 trillion. BUT, the State isn't the only entity that is running short on money.
Legg Mason Survey Finds Baby Boomers Are Roughly $30 Trillion Short On Retirement Savings | Zero Hedge
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  #2289  
Old 08-08-2017, 03:37 AM
Danny B Danny B is offline
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Hussman, Kunstler & BTC

I noticed in 2005 that the economy was headed down. Since then, I've read everybody. After a while , you learn to skip the people who make no sense. When you read the people who make sense, you learn to anticipate their "slant".
John Hussman does excellent work with historical stock values. Based on this, he claims that the fall will be about 87%. BUT, historically, there is no precedence for the CB pumping in so much liquidity. This doesn't necessarily make his models and projections incorrect.
Hussman Funds - Weekly Market Comment: Estimating Market Losses at a Speculative Extreme - August 7, 2017

Kunstler is another story. I won't excerpt.
Just Wait a Little While - Kunstler
Pox Americana has made so many enemies that I expect the worst.

8/04 Hacker who stopped WannaCry malware facing federal charges – WaPo
You already know that the state is the originator of much malware like Stuxnet.
The State / banks have started to catch on to just how dangerous the blockchain is.
8/05 ‘Bitcoin cash’ prices fall by 57% – CNBC
"They" need to induce as much volatility into crypto as possible to prevent it from catching on.

The Central Banks are spoofing the snot out of BTC.
Mysterious Trader With "Nearly Unlimited Bankroll" Said To Manipulate, Dominate Price Of Bitcoin | Zero Hedge
If BTC catches on well enough, they will no longer be able to spoof it. BTC is not a futures market so, it doesn't lend itself to the usual manipulations. You can bet that much of the hacking of BTC is done by it's enemies.
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Old 08-08-2017, 03:04 PM
Danny B Danny B is offline
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The new function of banks

Pretty near everybody is claiming that share prices are way too high. Armstrong is an exception.
"This index has been correlated to major shifts incredibly often one month leading events. It may be our best index ever created. It has been back tested starting in 1790. It is something I most certainly look at to see where we are historically. So while everyone has been screaming CRASH, this index has stood its ground just saying – sorry boys – just no way."
https://www.armstrongeconomics.com/a...-ever-created/

Man is hard-wired to support his genetic lineage. Socialism requires you to support those who are NOT your genetic lineage.
" So under socialism, you are not allowed to be charitable with your own family. This is what the new hunt for taxes in Canada is all about. Take this with the other two proposals for tax increases and the combination will send taxation on small business to potentially as high as 93%. Government never really cares about the impact of their proposals. It is always just about them"
https://www.armstrongeconomics.com/i...l-business-93/

A STARK look at obamacare, https://www.armstrongeconomics.com/i...-retail-sales/

Living on plastic, Americans now have the highest credit-card debt in U.S. history - MarketWatch
8/08 US credit-card debt surpasses record set at brink of crisis – Bloomberg
Greenspan argued that the banks would do what was best of the economy and that, they shouldn't be regulated. He NEVER considered the idea that individual bankers would do what was best for that individual. A few banks were destroyed by the excesses of their employees. Even if the whole bank does what is best for that bank, it is generally bad for the rest of the economy.
The bankers and investors are motivated for the biggest profits. That does nothing for the economy.
"The big New York banks no longer perform the banking function of lending to consumers and businesses. Thanks to government policies that foster increased financial concentration, banking incentives have changed fundamentally. The big banks today are focused on higher risk-return speculation and on trading and fee-based income. "
"their ability to lend is foreclosed by the fact that the big banks pay out all or more than all of their net income in dividends and buy-backs of their own stocks in order to drive up executives’ bonuses. The extraordinary payouts of earnings leave the banks’ capital position too weak to support more lending."
Financial Presstitutes Cover Up for the Big Banks - PaulCraigRoberts.org
The various regulatory changes have allowed the banks to change their motivation and purpose from lending to,,, churning for fees and bonuses.

8/08 Fannie-Freddie might need $100 billion in new crisis – Bloomberg Don't worry, be happy
8/08 Avis plunges on huge miss, margin collapse, guidance cut – Zero Hedge Blame Uber
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Old 08-09-2017, 04:27 AM
Danny B Danny B is offline
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Oil subsidies,,, millennials spending habits

The State knows that it must stop BTC from catching on. They are currently thrashing around trying to work out a strategy.
"EU Rules Bitcoin is a Currency, US Says Bitcoin is a Commodity; Which Side is Correct? What About Gold and BitGold?"
https://mishtalk.com/2015/10/27/eu-r...d-and-bitgold/

The oil industry lost $20 billion last year,,, mostly from the junk bond market. The CB has pumped out so much money that big oil managed to survive well the $20 billion loss. The Journal, World Development claims that there is a worldwide subsidy for carbon energy.
https://www.theguardian.com/environm...-5-tn-per-year
We aren't going to electric cars any time soon because the infrastructure isn't prepared.
We still need a lot of oil. Russia, Iran and Venezuela have a LOT of oil. We are in the process of destroying Venezuela for their oil. We talk about destroying Iran but, it isn't going to happen. The Sino-Russian Bloc would rather stand behind than stand with their backs against the wall.

Kissinger is having a coniption fit because the Wolfowitz doctrine of world domination is soon to blow up if Pox Americana can't control Iran.
Kissinger Fears ISIS Defeat Will Lead To "Iranian Radical Empire;" Russia Rejecting Atlanticist World Order

Here is an excellent article on driverless cars. Apparently, millennials are not bothering to get a drivers license. They don't want to own a car.
https://medium.com/@FedericoPistono/...my-7d8673b9142
A new kosher cryptocurrency has been introduced, https://www.rt.com/business/398940-k...ish-community/
Apparently, the millennials have fallen out of love with satellite TV, https://www.fastcompany.com/40450179...toric-declines
their consumer habits are rocking a lot of markets.
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Old 08-10-2017, 03:08 AM
Danny B Danny B is offline
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Politicians for sale,,, European debt

Obama care is in a drastic death spiral, Death Spiral: 6.5 Million People Choose To Pay Tax Rather Than Buy Obamacare | Zero Hedge
It is dragging down everything else, https://www.armstrongeconomics.com/i...-retail-sales/

So, why won't congress get rid of it?
"According to the Center for Responsive Politics, since 1998, Citigroup has spent more than $98 million lobbying Congress while JPMorgan Chase has spent approximately $85 million. Those figures are dwarfed, however, by the hundreds of millions of dollars that Wall Street’s trade groups spend lobbying Congress. It is also dwarfed by the corruption that flows from the disintegration of campaign finance laws which now allow the millionaires and billionaires on Wall Street to make obscene political donations to both of the major political parties as well as individual candidates."
Everybody is their own special-interest group. THAT is why the system will blow.
Financial System of U.S. Rests on Health of Just Five Mega Banks

Following the Following Gramm-Leach-Bliley act that killed the Glass-Steagal act, the banks were incentivised to end loans and just speculate.
Federal Bank Regulator Drops a Bombshell as Corporate Media Snoozes

Armstrong claims that stocks are not over-valued. Everybody else disagrees. Earnings are dead.
The CBs are buying all the stocks and have killed volatility.
"Mystery" Central Bank Buyer Revealed: SNB Now Owns A Record $84 Billion In US Stocks | Zero Hedge
Does that necessarily make them safe?

Following Gramm-Leach-Bliley [legislation in 1999]"
This really allowed the finance system to take off. Here are the results.
https://www.nytimes.com/interactive/...nequality.html
European public debt and European banks.
"the selling by Italian banks is the most emphatic example yet of a broader trend: banks sold €46 billion of government paper in June across Europe, taking the total reduction since the start of this year to €257 billion."
http://wolfstreet.com/2017/08/08/the...ve-is-the-ecb/
" that sovereign debt is not the place to be in a world of rising interest rates, said Jefferies’ senior European economist, Marchel Alexandrovich."
If ZIRP remains, all interest-income is stillborn. If interest rates go up, public debt blows up.
"End of a century of illusions"
http://www.24hgold.com/english/news-...n+Greyerz&mk=1

Here is a chart of money printing. Notice what happened when Nixon was forced to close the gold window. Mid 1971, http://www.24hgold.com/24hpmdata/art...-08-04-002.png
Surprise, surprise, look at this chart, https://thecollegeinvestor.com/wp-co...25_onwards.png
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Old 08-11-2017, 01:18 AM
Danny B Danny B is offline
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Real Value Added, VIX and VEGA,,, lefties going broke

The CBs buy up the stock market to keep valuations up. It seems to have been working up til now.
"Thanks to Jesse Felder, we recently stumbled upon a measure of economic conditions that has reliably signaled every recession since 1948. The data point, Real Value Added, is currently in negative territory and may, therefore, be a harbinger of an economic downturn. If it is a false signal, it would be the first in a 70-year history of observations."
"Of concern, however, is that negative RVA readings have an impeccable pattern of signaling recession as a coincident indicator."

We aren't way negative yet. Wait til February.
http://realinvestmentadvice.com/wp-c...08/graph-1.png
An Indicator Of Peril | Zero Hedge

Nasdaq is tumbling and the VIX is exploding, As VIX Explodes, A Painful Warning: The Vega Of VIX ETFs Has Never Been Higher | Zero Hedge
The net Vega of VIX, http://www.zerohedge.com/sites/defau...ga%20etf_0.jpg

Eliminating ALL the middle-men, Great Disaster Looms as Technology Disrupts White Collar Workers - GoldCore Gold Bullion Dealer

“The economy in the UK is not stable. It’s in the aftermath of the biggest financial crisis since the great depression, and there’s still a lack of awareness in the political classes about what actually caused the crisis in the first place,” Keen said.

“The Tories were incredibly successful in convincing the electorate that the crisis was caused by government spending, which is absurd. That is technically saying government spending in the UK caused the financial crisis in the United States. Which is just nonsense.

“And that gave us austerity for the last 10 years. That austerity has actually further weakened the economy.”
"Keen says the level of private debt in the UK peaked at about 195 percent of gross domestic product (GDP) post-crisis. While it is now down to about 170 percent of GDP, it is roughly three times the level of debt England carried before the Margaret Thatcher era, he says."
"What is cause for concern, Keen says, is what he calls the “zombie-to-be” economies, such as Australia, Belgium, China, Canada, and South Korea, which avoided the 2008 crisis by borrowing their way through it."
"Keen sees China as a terminal case. It has expanded credit at an annualized rate of around 25 percent for years on end. With private sector debt exceeding 200 percent of GDP"
https://www.rt.com/uk/399091-financi...sh-steve-keen/

" Illinois’ leftist tax-and-spend politicians are continuing to increase all sorts of taxes, which were already high in the first place.
The state just passed a 32% income tax hike."
"Illinois is the most financially distressed state in the US. Every month, it spends $600 million more than it takes in."
" According to a former budget adviser to the governor, soon more than 25 cents of every tax dollar collected will go to retired state employees.

Politicians in Illinois—like a number of other distressed states—have amended their state constitutions to prohibit reducing these pension payments."
"California’s public pension system is also broken beyond repair. It’s $750 billion underfunded."
"Unfunded public pension liabilities in the US have surpassed $5 trillion. And that’s during an epic stock and bond market bubble."
http://www.internationalman.com//art...tate-americans

"The global economy really has suffered some horrible fate, but what? Inflation underwhelms because the economy does and has, but policymakers in 2017 are trying to figure out why in a way that leaves them blameless."
https://seekingalpha.com/article/409...flation-debate

"Today, we stand back… and our mouth drops open as we behold a bigger picture – a breathtaking tableau worthy of Bruegel or perhaps Bosch.
Yes, there are the sinners and the saints… the fools and the rascals… the blessed and the damned. All there.
The scene brought to light by the latest connecting of dots answers the No. 1 economic question of our time: What went wrong with the 21st century?
The simple answer: Economists backed a truck over it. "

"In fact, by some calculations – using non-fiddled measures of inflation – growth has been negative for the whole 21st century. "
"Political and social developments have been similarly dud-ish – including the longest, losingest war in U.S. history… the biggest government deficits… the most vulgar public life… the least personal freedom… and, in our hometown, Baltimore, a record murder rate.
What went wrong?"

"Debt is a burden that the past imposes on the future. As the weight increases, it becomes harder and harder to move forward. (In their book This Time Is Different, Harvard professors Rogoff and Reinhart showed that as debt increases, growth declines.)"
http://bonnerandpartners.com/what-we...-21st-century/
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Old 08-12-2017, 12:28 AM
Danny B Danny B is offline
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Blowing out the bond markets,,retail,,hot money in housing

Here are 2 articles from Armstrong where he talks about previous predictions.
https://www.armstrongeconomics.com/a...om-volatility/
https://www.armstrongeconomics.com/a...-two-flavours/
The thing to keep in mind is; he predicts a crash in sovereign (GOV) debt.
Illinois comes to mind in that they can't possibly pay what they owe. California is in the same boat.
In 1985, Armstrong predicted a big change in the confidence model on 2015.75 On that day, Russia entered the war in Syria. Since then, we see various countries moving towards the umbrella of Russian protection or cooperation. Germany being the most notable.
China has now said that it will block an attack on North Korea.

Fear / confidence in Pox Americana is waning. I suppose that this shrinkage of confidence will affect the sovereign bond market at some point.
September 29 – U.S. Treasury Secretary Steven Mnuchin says that the debt ceiling will be breached on this day if Congress does not raise it by then.

September 30 – If Congress does not pass a budget by the end of this day, there will be a government shutdown just like we witnessed in 2013.

On top of everything else, the month of September is when the Federal Reserve is scheduled to begin unwinding their 4.5 trillion dollar balance sheet…

12 Critical Events That Are Going To Happen Over A 40 Day Period From August 21st To September 30th
I suspect that one of these events will shake confidence.

The CBs pumped in money to save the markets. They have done their share of making bond markets go completely crazy.
An Insane Bond Market In 4 Charts: "Italian Junk Bonds Yield Less Than US Treasurys" | Zero Hedge
Italian banks are so bankrupt that their debt should demand 25---30 % interest. They pay 2.2 %
8/11 Central banks are hiding the true price of risk – Mises Institute No doubt.
"Americans had borrowed more than $1.443 trillion in student loans and $1.116 trillion in auto loans through the first quarter of the year. "
Drowning: Debt Hits ALL-TIME High!Â*

America has 5 times the retail space per person that France has. Kunstler says that it is going to shrink drastically.
http://kunstler.com/cluster****-nati...the-behemoths/
Charles Huge Smith believes that the elites will shift into BTC to avoid getting vaporised in the meltdown.
http://charleshughsmith.blogspot.com...t-bitcoin.html
Goldman Sachs tells us that the FEDS are going after people who don't pay capital gains tax on cryptocurrencies.
http://fortune.com/2017/08/09/goldma...client-advice/

"Thanks to dark pools, off-market trading operations, and foreign governments providing shields for undocumented exchanges of currency, commodities, and in some case equities (so as to hide stock market purchases by foreign central banks) the crash could be 90% complete before trading even begins at 9:30 a.m. Eastern Time, "
"private stock markets housed inside some of Wall Street’s biggest banks. Created to let big investors swap large blocks of shares in secret, they’ve expanded to become a significant part of daily stock trading. More shares now change hands in dark pools than on the New York Stock Exchange."
"total volume of the NYSE and NASDAQ combined was far less than the private dark pools and thus provides and advantage to the large financial houses when preparing for or initiating a crash"
"This time it is truly different as the average person will be so swamped by the liquidation of equities long before the market opens,"
" In the end, the government will be forced to swoop in and buy what is left of most portfolios with guarantees from the Federal Reserve and emergency action by Congress to nationalize pension program, IRAs, and 401K’s to prevent retirees from being put out on the street. "
I don't see this happening smoothly.
http://johngaltfla.com/wordpress/201...-be-televised/

Hot Chinese money flows into housing and the locals can no longer afford it.
https://www.bloomberg.com/news/artic...ins-since-1990
http://www.zerohedge.com/news/2017-0...roperty-market
http://www.zerohedge.com/news/2016-1...scale-no-other
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Last edited by Danny B; 08-12-2017 at 12:30 AM. Reason: spelling
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  #2295  
Old 08-12-2017, 02:31 AM
Danny B Danny B is offline
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Socialism vids

Escapism, https://www.youtube.com/watch?v=J5OA48C3dg4
We currently have an opioid epidemic and an alcoholism epidemic.
Socialism sounds like a good system as long as you don't examine too deeply, https://www.youtube.com/watch?v=bxFonhbVm9g
Our system can only end in one outcome, https://www.youtube.com/watch?v=t7BTTB4tiEU
David Icke weighs in, https://www.youtube.com/watch?v=hKycRuWnnO4&t=202s

The smart contract platform https://www.youtube.com/watch?v=S1saIWZjTho
Socialism rises,,, everything else falls, https://www.youtube.com/watch?v=mKhfR8WC4Eo&t=165s
With socialism, there is an ever-increasing number of bleating parasites that NEED your money. They don't go away, https://www.youtube.com/watch?v=TruCIPy79w8&t=4s
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Old 08-12-2017, 04:08 PM
Danny B Danny B is offline
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INSURGE intelligence

The gold bugs want to sell gold. The stockbrokers want to sell stocks. The State wants to sell bonds. Everybody "talks" their own "book". Academia wants to keep the salaries and grants coming. They don't have an EFFFFing clue what they are talking about but, everybody listens to them.
The non-involved writers like Charles Hugh Smith have limited resources to develop and prove their theorems about how the economy really works.

Published by INSURGE INTELLIGENCE, a crowdfunded investigative journalism project for people and planet. Support us to keep digging where others fear to tread.

EXCELLENT article.
https://medium.com/insurge-intellige...e-82efb9ca45fe
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Old 08-12-2017, 04:27 PM
Danny B Danny B is offline
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No such thing as LIBOR

Historically, interest charges were determined by risk of loss.
Historically, interest charges were justified by the fact that the person who made the loan has to forgo consumption because somebody was using his money.
The State and the CBs have provided so much "money" that nobody (rich) has to forgo consumption. There is so much money floating around that HIGH risk entities can borrow at close to 2% when a true reflection of risk would demand about 15%.
"Research by Italian investment bank Mediobanca found that 114 of Italy’s 500 banks have “Texas Ratios” of over 100% (non-performing loans divided by tangible book value plus reserves; a TR of over 100% is considered perilous).

24 of the endangered banks reportedly have ratios of over 200%, among them some of Italy’s biggest banks, like Monte dei Paschi di Siena with a TR of 269%, and Veneto Banca with a TR of 239%."
5 Reasons Why You Should Buy Silver Now | RiskHedge

So, in a world economy where CBs have provided mountains of debt masquerading as liquidity, what should the interest rate be?

"LIBOR stands for the London Interbank Offered Rate. It measures the rate at which banks lend to each other. If you have any kind of consumer loan, it's a fair bet that it's based on LIBOR.
LIBOR is generally understood as a measure of market confidence. If LIBOR rates are high, it means bankers are nervous about the future and charging a lot to lend. If rates are low, worries are fewer and borrowing is cheaper.
Here's how it's supposed to work. Every morning at 11 a.m. London time, twenty of the world's biggest banks tell a committee in London how much they estimate they'd have to pay to borrow cash unsecured from other banks.

The committee takes all 20 submissions, throws out the highest and lowest four numbers, and then averages out the remaining 12 to create LIBOR rates.
But beginning in the mid-nineties, banks began to discover that other markets provided easier and cheaper sources of funding, like the commercial paper or treasury repurchase markets. Trading between banks fell off.
Again, this was bad. But it paled in comparison to the fact that the numbers these nitwits were manipulating were fake to begin with. The banks were supposed to be estimating how much it would cost them to borrow cash. But they weren't borrowing cash from anyone.

For decades now, the world's biggest banks have been dutifully reporting a whole range of numbers every morning at 11 a.m. London time
The FCA's Bailey put it this way (emphasis mine):
"I don't rule out that you could have another benchmark that would measure what Libor is truly supposed to measure, which is bank credit risk in the funding market," he said. "But that would be – and I use this term carefully – a synthetic rate because there isn't a funding market."

There isn't a funding market!
Some canny law firm somewhere is going to figure this out, sooner rather than later, and devise the world's largest and most lucrative class-action lawsuit: Earth v. Banks.
Taibbi: Is LIBOR, Crucial Financial Benchmark, a Lie? - Rolling Stone
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Old 08-13-2017, 12:40 AM
Danny B Danny B is offline
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Oil, guns and volatility

"According to Kurt Wulff of the oil investment firm McDep Associates, the Four Horsemen, romping in their new Far East pastures, saw asset increases from 1988-1994 as follows: Exxon Mobil- 54%, Chevron Texaco- 74%, Royal Dutch/Shell- 52% and BP Amoco- 54%. Big Oil had more than doubled its collective assets in six short years. This quantum leap in global power had everything to do with the takeover of the old Soviet oil patch"
https://hendersonlefthook.wordpress....he-oil-stupid/

Keep in mind that Venezuela has about 6 billion barrels of oil.
Trump warns VZ Of US ‘Military Option’

Heading Toward US Military Action vs Venezuela?

Trump Rules Out Talks With VZ's Maduro

Maduro Wants Urgent Summit Of 33 Regional Leaders

Maduro can see that Pox Americana wants to shoot first and talk later.
First Freighter Carrying Russian Wheat Leaves For VZ
If central Asia cuts off their oil, Pox Americana will have to scramble for supplies. We have no EFFING reason to go into Venezuela. Sure, we're going in to protect the common people and stabilize the country. This worked so well in the middle east.
If Russia is feeding Venezuela, it might help them stave off the deadly embrace of Pox Americana.


General Dynamics first delivered 654% gains from stopping the Cold War. It then went on develop new technologies, eventually rising 11,040%.

Boeing initially surged 880% on its way to an 8,985% payday.

And Lockheed Martin first soared 1,809% before absolutely exploding up 24,148%.
And I Believe This $382 Million Defense Contractor Is in Position to Control a $45 Billion Opportunity.

That’s the Equivalent of It Growing 111-Fold in Size
The Navy has 113 of them.

And if each is equipped with 1,000 “smart bullets”...

That’s another 113,000 "smart bullets" at $25,000 a pop.
The Only Thing That Stands
Between China and All of That Oil
Is the United States Navy
The South China Sea could contain as much as 130 billion barrels of oil and 900 trillion cubic feet of natural gas.
The article is about the new Chinese super missiles AND the American rail gun that is supposed to stop them.
https://pro.moneymappress.com/p/EADM...TCB&g=0&h=true

"Every gun that is made, every warship launched, every rocket fired, signifies in the final sense a theft from those who hunger and are not fed, those who are cold and are not clothed. Dwight D. Eisenhower"
Read more at: https://www.brainyquote.com/quotes/a...isenhower.html

"The US government itself calculates that the long-term Social Security shortfall exceeds $46 TRILLION.
In other words, in order to be able to pay the benefits they’ve promised, Social Security needs a $46 trillion bailout.

Fat chance.
That amount is over TWICE the national debt, and nearly THREE times the size of the entire US economy.
Moreover, it’s nearly SIXTY times the size of the bailout that the banking system received back in 2008."
Social Security Requires A Bailout That's 60x Greater Than The 2008 Emergency Bank Handout | Zero Hedge

"As such, any spike in equity market realized volatility, even to historical average levels, has the potential to drive a significant amount of equity selling (much of it automated). Such selling would, in turn, further increase volatility which would call for more deleveraging and yet more selling.”
"total outstanding leveraged loans in the U.S. reached $943 billion at the end of 2Q17. Moreover, covenant-lite loans — high-risk instruments issued by junk-rated borrowers, with few protections for creditors — made up 72.5% of that total, a record. "
"QE and the rise of passive strategies means history may tell us nothing about what’s to come. And the longer volatility remains suppressed, the bigger the leverage bubble grows and the more costly the correction will be once the passive herd is spooked. As Hyman Minsky once said: “The more stable things become and the longer things are stable, the more unstable they will be when the crisis hits.”
"“Refusal to acknowledge the existence of risk has become a pandemic,” Richter writes. “This of course has been the explicit strategy of the Fed since the Financial Crisis — to push investors out ever farther toward the thin end of the risk branch.”

The meteoric rise of passive strategies — unbeholden to price discovery, endowed with the biases of their creators — has further encouraged investors to ignore risk."
https://latest.13d.com/toxic-mix-of-...s-5e92ba0f5fc1
So, when it all blows, the big Wall St. banks will melt-down while the markets are closed because they trade 24 / 7. Passive investors will wind up with nothing but smoke.
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Old 08-13-2017, 04:20 AM
Danny B Danny B is offline
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The FED is caught between a rock and a dying socialist system

Non-bank competitors, The digital battle that banks must win | McKinsey & Company

"The Progressive believes in precisely two things: his own magnificence and the constructive power of brute force. In combination, they lead him naturally from the role of pestiferous busybody to brutal dictator. Where the productive man dreams of the things he might create if only left alone by his fellows, the Progressive dreams of the world he could create if only the lives and property of his fellows were at his disposal. "
https://www.armstrongeconomics.com/i...ng-to-get-out/

"If anyone is going to start a war, it will be the Democrats and CNN who keep putting politics ahead of the national security of the country and the world. North Korea’s threat to launch four intermediate-range ballistic missiles into the ocean near Guam I have stated would be a huge risk for North Korea. This will mark the first combat test of the most sophisticated missile defense systems of the United States and its Asian allies known as the Terminal High Altitude Area Defense system, or Thaad"
https://www.armstrongeconomics.com/w...e-dogs-of-war/

Jim Willie, "August 10th: topics covered include stupidity behind USGovt sanctions against German companies and likely backfire as Berlin turns closer to the Kremlin, the failure of the entire Arab Spring movements with resultant killed Petro-Dollar backfire, the Qatar nettlesome issue with the Iran Gas Pipeline tied to their extensive roots to Europe and Russia, the Chinese usage of the ARAMCO stock IPO offering as leverage to buy Saudi oil in RMB terms, the Deep State failure which will earn US isolation as the USGovt desperados sanction the entire globe (while US Elite identified for multi-faceted genocide), the factors leading to the New Scheiss Dollar with massive impact when the King Dollar loses its global currency reserve (price inflation, supply shortage, social disorder)"

"July 29th: topics covered include USDollar fake corrupt support with QE, the coming dual universe of USD vs RMB in coexistence (which cannot be stopped), the coming IMF control of the International Dollar from Chinese offices, the global currency reserve risk of loss, the USFed bloated balance sheet at $4.5 trillion in toxic assets, the weak areas in the USEconomy in cars & pensions & energy sector, the Saudi-Qatar conflict as hint of Petro-Dollar fracture with late stage demise, the potential for Chinese oil purchases from Saudi but paid in RMB terms with powerful effect, the New Scheiss Dollar factors at work, the Trump America First reality with no progress on re-industrialization of the United States"
GOLDEN JACKASS.COM - The Golden Jackass Knows Gold, Currencies & Bonds"

So, the FED announced that they are going to reduce their balance sheet. Come September, FED GOV is going to demand that the FED increase their balance sheet to support a climb in the debt ceiling.
"Fannie-Freddie Might Need $100 Billion in New Crisis, FHFA Says ...
https://www.bloomberg.com/.../fannie...n-new-crisis-f...
5 days ago - Mortgage-finance giants Fannie Mae and Freddie Mac could need nearly $100 "

The FED is holding a lot of short-term debt that it is not rolling over. In the next few years, this will reduce their balance sheet by almost $ 2 trillion.
http://i.investopedia.com/content/sh...0.22.09_am.png
http://www.investopedia.com/insights...balance-sheet/
If, as Martin Armstrong claims, all confidence flows away from sovereign debt, The FED won't be able to sell off the GOV paper that they hold.

"Today, the Fed accounts for about 17 percent of all the public debt outstanding of the federal government."
"Significantly, the total debt as of January 2009 was $10.627 trillion. It has jumped by $9.218 trillion (86.7 percent) since then. Much of the debt has accumulated due to the War on Terror."
"the Fed holds $1.770 trillion in mortgage-backed securities that are issued primarily by government-backed entities. They include the Government National Mortgage Association (Ginnie Mae) -- a wholly owned government corporation -- as well as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Mortgage Corporation (Freddie Mac). Fannie Mae and Freddie Mac are nominally private institutions but have been operating under government conservatorship since 2008."
NATURALLY, Fannie-Freddie need another $ 100 billion.
http://www.al.com/opinion/index.ssf/...ional_deb.html
"The problem is real. The solution will be painful."
"This translates into $61,349 per person or $165,926 per taxpayer."
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Old 08-13-2017, 04:25 PM
Danny B Danny B is offline
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ACC, SDR, Griffin and cashless

You can bet your life that the bankers and the State want to remain in power. They have BIG plans for you and your tangible assets.
Here is a vid from Lynete Zang, CHIEF MARKET ANALYST for ITM trading. She explains that she doesn't really understand many of the new subterfuges in the plans of the PTB to take possession of all assets.
https://www.youtube.com/watch?v=SYPsygSHnAs

In a general sense, everything in the West would be digitally linked to the SDR,,, special drawing rights,,, masquerading as the ACC. This would be a centralized ledger.
Stolen from Comments; "Bitcoin is DECENTRALIZED. If you trade your Bitcoin for centralized government crypto like ACC then that's your choice. Nobody can force you to do it. Crypto is a double edged sword. The Decentralized version can eradicate government and banker tryanny OVERNIGHT. The Centralized version can enslave humanity probably forever. One of these versions WILL BE USED in the future. The banks will push their centralized crypto strongly because they own the media, it will be do or die for Bankers. It is up to YOU to educate everyone you know about the difference between Bitcoin and government $hit like ACC."

If Mrs Zang has trouble understanding this, I suspect that everyone else would have trouble also.
The default cascade is not too far away. The CBs know that and are trying to position themselves owning everything tangible so that a crash in currency won't hurt them near as much as it might other wise.
More vids;
Central Banks Prepare for End of the Dollar - G. Edward Griffin Interview
https://www.youtube.com/watch?v=4FnIrWygZLE Griffin wrote the original book exposing the FED.
​PREPARING TO REGULATE ALL HUMAN ACTIVITY | G Edward Griffin
https://www.youtube.com/watch?v=Gj9xD4bj2h4

G. Edward Griffin: "A Cashless Society Is The Ultimate Globalist Endgame!"
World Alternative Media
https://www.youtube.com/watch?v=Tg7EexTxBbY
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Old 08-13-2017, 05:09 PM
Danny B Danny B is offline
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Quantum tunnelling, the Noosphere and distress

The "100th monkey" phenomenon was first reported by Lawrence Blair and Lyall Watson. Simply stated, when enough members of a species "know" something, they all know it.
Brian David Josephson, FRS (born 4 January 1940), is a Welsh theoretical physicist and professor emeritus of physics at the University of Cambridge. He won a Nobel Prize for proving Quantum Tunnelling carried information to all members of a species. That explains how all the members of a flock or school all turn at once.
The "Princeton Egg" experiment shows that humans are also connected.
The Global Consciousness Project

Here is an excellent article about how humans are reacting to the current socio-economic problems.
"If one in six Americans is being medicated for depression and/or anxiety, and another significant chunk are checking out via opioid numbing, perhaps we need to consider an alternative explanation for these facts: There’s something wrong with the world these people are inhabiting -- not with the people themselves.

Charles Eisenstein really caught my mind’s attention with a piece he wrote long ago entitled The Mutiny of the Soul. In it he argues that perhaps those most in need of medicinal help are actually those who are most attuned to the actual state of the world. He explains the rise in depression and anxiety like this:
The world is edging closer to the final moments after which everything will be forever changed. Grand delusions, perpetuated over decades, will finally hit the limits of reality and collapse in on themselves.
Young people have sussed this out; and are now pulling back from many of the principal occupations of their forebears -- like marriage, babies and buying homes and cars. This perplexes older folks, who are beginning to find themselves increasingly at odds with the generations following after them.
Monetary printing experiments like those currently being run by the world’s central banks are the ultimate form of self-delusion. Money is the most potent form of social communication, underlying all contracts and agreements. Violate those and literally everything falls apart,
If we’re lucky when these financial delusions finally break, we’ll hopefully avoid a global war. That’s the usual route by which the politicians and bankers seek to avoid having to be held accountable for the colossal mistakes they made in the past.
Like a flock of sheep catching the scent of an unseen predator, right now we’re collectively becoming increasingly nervous and stressed.

concluded the mortality rates were 24 percent higher for opioids and 22 percent higher for heroin than had been previously reported.
Nearly 35,000 people across America have died of heroin or opioid overdoses in 2015, according to theNational Institute on Drug Abuse.
An 18% increase in one year is profound.
https://www.peakprosperity.com/blog/...signs-distress

“Three hours before the attacks, a machine called a Random Event Generator at Princeton University predicted a cataclysmic event was about to unfold.”
https://llwproductions.files.wordpre...stz2.gif?w=890
https://motleynews.net/2011/09/06/th...predicted-911/
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Old 08-13-2017, 05:52 PM
Danny B Danny B is offline
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Chiasso incident

"American bonds were confiscated from two Japanese men who were travelling on a direct train to Chiasso, Switzerland"
"134.5 billion dollars "
ASIA-ITALY Everything suggests that the American bonds seized at Chiasso are real
Benjamin Fulford comments on this;
"According to one of these men, Mitsuyoshi Watanabe, formerly of Merrill Lynch, he was carrying a bunch of Kennedy bonds that were supposed to be cashed in order to finance a tunnel linking South Korea and Japan.

His companion, Akihiko Yamaguchi was carrying bonds given to him by a senior Yakuza.
The Yakuza said the bonds were part of a major hoard in Japan. Former US vice-president Dick Cheney recently examined the bonds, pronounced them to be real and took two boxes filled with $500 billion bonds with him. The Yakuza decided that if Cheney said they were real, he would try to cash some of them in Switzerland too.

Instead, the bonds were seized by the Vatican linked P2 Freemason lodge and by the operatives David Sale and Daniele dal Bosco."
"The problem we now face, however, is how to carry out a smooth transition to the new financial system without causing the enormous chaos and suffering that would result if the computers of the global banking system were suddenly shut down. "
https://www.bibliotecapleyades.net/s...fulford101.htm
Fulford careens from the plausible to the doubtful.
Trillion dollar lawsuit & Bilderberg
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Old 08-14-2017, 05:30 PM
Danny B Danny B is offline
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Destroy America to bring in top-down socialism

Top-down socialism is just fascism in disguise. It was inflicted on Russia and killed a lot of people in the Bolshevik revolution. It was later extended to the States that comprised the U.S.S.R.
"There is no need to exaggerate the part played in the creation of Bolshevism and in the actual bringing about of the Russian Revolution, by these international and for the most part atheistical Jews. It is certainly a very great one; it probably outweighs all others. With the notable exception of Lenin, the majority of the leading figures are Jews [Lenin’s paternal grandfather was later found to be a Jew]. Moreover, the principal inspiration and driving power comes from the Jewish leaders." Winston Churchill.

Bottom-up socialism is a different story.
Churchill, "Germany’s most unforgivable crime before the Second World War was her attempt to extricate her economic power from the world’s trading system and to create her own exchange mechanism which would deny world finance its opportunity to profit."

America was a successful bastion of capitalism. How could the world be brought under the yoke of top-down socialism if capitalism always proved to be a more successful system?
If Germany became an overnight, roaring success at bottom-up socialism, how could the world be convinced that top-down socialism was the road to utopia? Germany had to be destroyed.
"Since the end of the war about 3,000,000 people, mostly women and children and overaged men, have been killed in eastern Germany and south-eastern Europe; about 15,000,000 people have been deported or had to flee from their homesteads and are on the road. About 25 per cent of these people, over 3,000,000 have perished. About 4,000,000 men and women have been deported to eastern Europe and Russia as slaves.
It seems that the elimination of the German population of eastern Europe – at least 15,000,000 people – was planned in accordance with decisions made at Yalta. Churchill had said to Mikolajczyk when the latter protested during the negotiations at Moscow against forcing Poland to incorporate eastern Germany: “Don’t mind the five or more million Germans. Stalin will see to them. You will have no trouble with them: they will cease to exist.”

This wide spread murder was a temporary measure. The Germans have re-emerged as a very successful people. They must now be destroyed permanently with forced immigration that will destroy them.

What about America? We were a bastion of free-market capitalism. It had to be poisoned and destroyed. The socialism of Eastern Germany and the U.S.S.R. looked exceedingly bad when compared to the West. Same for North Korea. Just the same, socialism was decreed to be the fate of the West.
Americans first needed to be dumbed down, the deliberate dumbing down of america
Mission accomplished. Americans are at the very bottom in math comprehension. Our education system is focused on destroying both the individual and society.

"Those who constitute the Deep State are not conspiring directly by working together to rule the world and control the people. What they are doing is taking advantage of a dumbed down fearful populace by using the chaos, incompetence of institutions, and confusion spread by the propaganda press to institute their agendas.
It ultimately comes down to power and control over the key mechanisms of finance, taxation, legislation and the media. There isn’t one specific group of conspirators working together to rule the world.
They have competing agendas, but they want the status quo to remain intact. No one within the establishment wants to change anything of substance. The current system benefits their personal interests, while destroying the lives of hard working American citizens.

Our government doesn’t in any way resemble its original concept of a republic. It doesn’t even resemble a democracy at this point. Since FDR and specifically since LBJ, we’ve become a welfare/warfare state. Since Bush II we’ve devolved into a corporate fascist surveillance socialist state. Despite rhetoric about free market capitalism, both parties have embraced socialism. The super-rich, bankers, corporate executives, liberals and conservatives came to the realization socialism disguised as capitalism fills their coffers at a much higher rate than true free market capitalism. Top-down socialism

I do believe we are in the midst of a Fourth Turning where the mood of the masses has turned unequivocally dark. With a decade or so remaining in this period of turmoil, chaos and war, the existing social order will be swept away and replaced by something new. But not necessarily better.
https://www.theburningplatform.com/2...racy-or-chaos/

The FED wants to shrink it's balance sheet. Here is a graph of what happens when QE stops, http://www.oftwominds.com/photos2017...rofits2-17.png
http://www.oftwominds.com/blogaug17/...on8-17.htmlThe actual QE is FAR higher than the advertised QE.

"#4 In 2001, nearly 16 million Americans could not afford the homes that they were currently living in, but by 2015 that number had more than doubled.

#5 Our system of public education is a complete mess. A study of Millennials in 22 major industrialized nations conducted by the Educational Testing Service found that only two countries were worse when it comes to literacy proficiency, and we were dead last when it comes to math."

#7 Many Americans don’t realize this, but the United States has the highest rate of illegal drug use on the entire planet. But we actually have an even bigger problem with legal drugs. According to a study conducted by the Mayo Clinic, nearly 70 percent of all Americans are on at least one prescription drug, and an astounding 20 percent of all Americans are on at least five prescription drugs.

13 We are an extremely, extremely unhappy nation. If you can believe it, doctors in the United States write more than 250 million prescriptions for antidepressants each year.
https://michaelsnyderforidaho.com/in...-deep-trouble/
Trump has no chance of making America great if Americans are not great.

Carl Sagan, "critical faculties in decline, https://www.reddit.com/r/pics/commen...9j&sh=feb61110
Germany has an election coming soon. The EU hoped to force a debt union on EU States after the election . Germany has a $1 trillion surplus and the rest have a $1 trillion deficit. It remains to be seen of the non-German states can arm-twist to get the money from Germany.
https://www.bloomberg.com/news/artic...being-proposed
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Old 08-14-2017, 05:49 PM
Danny B Danny B is offline
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The AIIB and the CIA / MIC

China formed the Asian infrastructure bank and other entities that are in direct competition with the World Bank and the IMF. Not surprisingly, the West is doing whatever it can to break up these competitors. A LOT of States have signed up with the Chinese bank.
https://www.nytimes.com/2015/12/05/b...nds-aloof.html

India and China are now rattling sabres over land that is NOTHING.
https://journal-neo.org/2017/08/11/h...witched-sides/
Either it is Kabuki theater for the West or, the CIA has managed to create a problem.
Also, there are increasing problems between Japan and China.
While China holds a lot of promise for investors, they are hedging their bets due to the astronomical debt in corporate China.
http://thesoundingline.com/wp-conten...t-1024x625.png
Chart of the Day: Putting the Chinese Corporate Debt Bubble in Perspective - The Sounding Line
The military industrial complex may very get their war by going around Trump, If War Comes, Don't Blame The "Military-Industrial Complex" ? It's Much Worse Than You Think | Zero Hedge
ZIRP is now crashing the hedge funds. If you are drinking out of the QE punchbowl, everything is fine. If you are drinking out of the ZIRP punchbowl, everything is bad.
http://www.businessinsider.com/bridg...g-money-2017-8
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Old 08-14-2017, 11:34 PM
Danny B Danny B is offline
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The pot is boiling over

Armstrong, (Germany and France) "They cannot see that this is an endless quest to find new things to tax because they have totally mismanaged government. They will continue in the direction literally until there is a major rebellion, for they are constantly lowering the standard of living by reducing disposable income."
https://www.armstrongeconomics.com/w...-their-houses/
Armstrong writes about East Germany boiling over AND the current boiling in the Ukraine, https://www.armstrongeconomics.com/w...3-to-26-weeks/

Armstrong, "Charlottesville Mayor Mike Signer had denounced the ‘cowardly parade of hatred, bigotry, racism, and intolerance march down the lawns of the architect of our Bill of Rights’ and warned for residents to stay away from the rally. "
For the major to label this event simply caused by “hatred, bigotry, racism, and intolerance” demonstrates he does not comprehend the cause"
"We will most likely see these type events explode peaking out in real bloodshed by September 21/22nd, 2019 (2019.725). So expect to see this civil unrest continue to rise especially after 2017."
https://www.armstrongeconomics.com/w...cle-into-2020/
The States created the fed gov. They had the right to secede. After the southern armies were defeated, Lincoln sent Gen. Sherman to destroy everything he could find. General William Tecumseh Sherman marched from Atlanta to Savannah destroying everything for a hundred miles on either side.. He is still very much the most hated man in Georgia.
They don't forget things like this in the South.
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Old 08-15-2017, 12:22 AM
Danny B Danny B is offline
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American crackdown in BTC

The Graham-Leachy act that voided the Glass-Steagal dumped all your money into the laps of the bankers. They blew it all. The bankers "enticed" the State to hand them $ trillions of taxpayer's money. They have burned through that.
Enter the blockchain. The bankers are trying to ensure that all payments are run through the banks.
The digital battle that banks must win | McKinsey & Company
But, the banking system is both inefficient AND parasitic. Commerce demands efficiency.
"Blockchain -- the technology used for verifying and recording transactions that’s at the heart of ethereum and bitcoin -- can also be used to verify contractual agreements, intellectual property rights and public online ledgers without intermediaries. "
Russia is going for efficiency, https://www.bloomberg.com/news/artic...l-currency-use

The bankers are losing ground because they are a bunch of thieving A-holes.
https://www.youtube.com/watch?v=qezrH2c5N3c
Naturally, they enlist the aid of the State to block the competition.
They call it illicit finance. Obviously, the State has an interest in continuing to tax everything in sight They will naturally side with the bankers..
US Launches Quiet Crackdown On Cryptocurrencies | Zero Hedge
"As Coinivore reports, the bill requires the governments to develop a “national security strategy” to combat the “financing of terrorism and related forms of illicit finance.”
Comments;
"So you cashed out your paper profit? The exchange wired the money to the bank account you gave them together with photo ID scan and all personal data?"
Thats not their worry its when it goes to bitcoin and stays in bitcoin and the end user sees it as a reliable mechanism of exchange and it does not come back to fiat.. Thats where there panicing.. And if the Chinese have already mastered pinnacle parallel offshore transactions of buying and selling houses in Vancouver through an offshore exchange. Central Bank and Government NIGHTMARE.. No Taxes for you so sry!! The Chinese have done an end run around Canadian taxation while the house 'sale' occured on a chinese bitcoin exchange offshore.. They show up and do a taxless title transfer.."

"When Communist Party cracked down on bank-based exchanges back in 2013, people started trading grocery store vouchers to miners and exchanges for cryptocurrencies. Similar non-bank exchanges like Purse.IO already exist in the West. Money always finds a way. LocalBitcoins. Mycelium LocalTrader."
"Is it LEGAL TENDER? (if it IS NOT, then why does Amazon accept it? & if that's the case, why does THE GOVERNMENT allow Amazon to accept a currency for payment that is not LEGAL TENDER)?"
"> but give me a list of anything I'm actually interested in that I can purchase with bitcoin.

Anything on Overstock.com directly. Anything on Amazon (at a discount!) via purse.io"
"According to the bill, an initial draft strategy is expected to come before Congress within the next year, and will see input from U.S. financial regulators, the Department of Homeland Security, and the State Department"
A YEAR !
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Old 08-15-2017, 01:50 AM
Danny B Danny B is offline
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August, no worries

Vid,
Mike Maloney - Why Crash is due August 17, 2017 AltaReports
https://www.youtube.com/watch?v=vbb_B1TX3yM
MIKE MALONEY On Expected Economic Crash on August 21, 2017
RED ALERT: The Dollar Will Collapse 100% on AUGUST 2017! Ron Paul Last Warning To America
James Rickards AUGUST 2017 The Financial System Will Go Dark When The Economic
David Stockman AUG 2017 The US & Global Economy Has Entered The Crack Up Phase
Some people just can't help themselves. They have to put a date on their predictions.
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Old 08-15-2017, 03:15 PM
Danny B Danny B is offline
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Feeding the State pac-man

Armstrong; "Brussels will become authoritarian when the free markets rain on their parade. " (refuse to buy GOV bonds)
"I have been warning that as governments move closer to this major event of a Sovereign Debt Crisis which begins next year with the start of the Monetary Crisis Cycle, they historically will ALWAYS, and without exception, bite the hand that has fed them. The object for government is survival of the fittest and that is them."
"This is also never about how to properly run the economy for the benefit of all. It always boils down to it being them against us." (Congress passed a law stating that insider-trading is illegal,,, except for them)

"Throughout history, there has never been even one benevolent government that has ever surrendered power willingly for the good of the country or the people. That has NEVER happened even once."
"More-often-Than-Not, the revolutions throughout history come about when the taxes of government simply break the back of the economy. We are reaching one of those moments as we cross the threshold into 2018."
https://www.armstrongeconomics.com/i...it-inevitable/
" Yes, the dollar will rise after this year from Political Hell. Keep in mind that a rising dollar will break the world monetary system – not a weak dollar. Keep in mind that the entire system is headed to a reset probably no later than 2021"
https://www.armstrongeconomics.com/i...it-inevitable/

"The Private Sector DB Plans are underfunded by $500 billion, while the Federal and State-Local DB Plans are underfunded by $3.8 trllion (adding both columns together). Even more amusing is that the Federal DB Pension Plans hold a larger underfunded liability than their total assets. While we have heard in the news that the State Pension Plans are in big trouble, we can plainly see the Federal Govt Pension Plans are in much worse shape… LOL."
https://dj0s31cxqi9ot.cloudfront.net...nts.png?x65756
Something Big, Bad And Ugly Is Taking Place In The U.S. Retirement Market GREAT graphs

Illinois is raising the snot out of taxes to fund State expenses. Their pension coasts are eating up everything. A half dozen other States are in the same boat.
FED GOV has to either; print money for unfunded liabilities OR raise taxes way up.
Vattel, “THE nation, being the sole mistress of the property in her possession, may dispose of it as she thinks proper, and may lawfully alienate or mortgage it. "
"The Fifth Amendment in the Bill of Rights to the U.S. Constitution specifically references property thusly: “ . . . nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation."
"Even the most simple of minds can understand the meaning of private property being taken for public use. Heretofore the public nominally accepted that the United States honors the rule of law. After the KELO et al. v. CITY OF NEW LONDON et al. decision, the supreme court has demonstrated decisively and for all times that the legal system has become a Vattelian harbinger of regal predictability. "
"The five judges Stevens, Kennedy, Souter, Ginsburg, and Breyer inextricably prove that they are tools of an oppressive autocracy bent on eradicating the last vestige of citizen sovereignty. Dissenting Justice O'Connor sums up the lawful revulsion precisely: “Today the Court abandons this long-held, basic limitation on government power. Under the banner of economic development, all private property is now vulnerable to being taken and transferred to another private owner,"

"Appreciate the reality that the mantra of a government under the law is a myth. The mere fact that Chief Justice John Marshall set into motion the primacy of judicial review doomed this nation to the whims of arrogant black robed tyrants. "
The Court and your Castle
SO, just what limitations will exist to hold back the State when it decides that it needs your property to continue to fund itself?
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Old 08-16-2017, 02:27 PM
Danny B Danny B is offline
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You can run but, you can't hide,,, from the tax man

European socialism has just gotten too expensive. Draghi has gone against the rules to print & buy debt directly. It is either that or, let the Italian banks meltdown.
"The Bundesbank has bought about £9.1billion in government bonds every month, making it the biggest purchaser of government debt in the EU."
Germany attacks ECB over £1.8TRILLION quantity easing programme | World | News | Express.co.uk
"The plaintiffs in Germany wanted the Bundesverfassungsgericht to stop the Bundesbank’s participation in the ECB program. Germany, they argued, would suffer a complete loss if the bonds failed."
https://www.armstrongeconomics.com/i...tative-easing/

The EU is running out of other people's money. Where did it go? Deflation of the money supply can happen in all different ways.
Half of Belgium's economic output ends up in tax havens
https://www.rt.com/business/399528-b...tax-haven-gdp/
As various groups put their money out of reach of the tax man, the State has to print and steal that much more.

"Switzerland has its “wealth tax” which they argue is nothing just 0.02%. However, it requires you to report all assets worldwide. They then know precisely what you have and it is merely one vote away at anytime to raise the tax or impose criminal penalties for failure to report everything. Yet, once Switzerland has that info, under G20 they must share it with all other governments."
"Now the German Federal Minister of Finance, Wolfgang Schäuble, is proposing to control all large cash transactions claiming this will prevent black money transactions and money laundering. Of course, they see these two issues not as typical crime like drugs, but tax avoidance."
https://www.armstrongeconomics.com/w...-transactions/
The article blames Bin laden and terrorism for all this. Bin laden did not bring socialism to the West.
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Old 08-16-2017, 02:46 PM
Danny B Danny B is offline
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BTC, secure or not

The banks want to take <5%> of your money yearly with negative interest. The State wants to take whatever it claims that it needs. The State has done it's best to ensure that there are no safe havens or alternatives to their fiat. this is driving more and more people to crypto currencies. I've already written quite a bit but, this is a fast-evolving subject.

"But there’s no getting around the fact that Bitcoin is essentially a speculative investment in a new technology, specifically the blockchain. Think of the blockchain, very basically, as layers of independent electronic security that encapsulate a cryptocurrency and keep it frozen in time and space — like layers of amber around a fly. This is what makes a cryptocurrency “crypto.”
Bitcoin and each new initial coin offering (ICO) should be thought of as software infrastructure innovation tools, not competing currencies. It’s the amber that determines their value, not the flies.
All local governments had to do was make it illegal to hide, and thus force law-abiding citizens to become criminals if they fail to disclose such accounts. We should expect similar anti-money laundering hygiene and taxation among the cryptocurrencies.

As a new cryptocurrency is assigned units of a store-of-value, those units must, by necessity, leave other stores-of-value, whether gold or another cryptocurrency. New depositories of value must siphon off the existing depositories of value. On a global scale, it is very much a zero sum game.

Or, as we might say, we can improve the layers of amber, but we can’t create more flies.
The problem is that there is no barrier to entry for cryptocurrencies; as each new competing cryptocurrency finds success, it dilutes or inflates the universe of the others.
They do not create new value, but are finite in supply and are merely intended to hold value that has already been created through savings and productive investment. To miss this point is to perpetuate the very same fallacy that global central banks blindly follow today. You simply cannot create money, or capital, from thin air

Comments;
"the problem is that there is no barrier to entry for cryptocurrencies; as each new competing cryptocurrency finds success, it dilutes or inflates the universe of the others."
All fiats are backed by force, as there was no escape - until crypto. The G8 Central Bankers could fiddle and play with the fiat all they liked. Then if that wasn't enough the governments wait to feed after the Central Banks have gorged themselves.. A little jawbone talk could move the DJIA up or down $100 billion. Notice no matter what central bankers say it has almost no bearing on the value of Bitcoin..

That's right, they cannot control it without a full internet shutdown.

Crypto's value is the removal of the the parasitic function that accompanied all forced fiats. It's value is that it escapes the inflation mechanism of 'growth' forced upon everyone that utlizes fiat dollars. In otherwords it is the escape velocity vehicle to escape the black sucking hole that is your central bank..

And the more they destroy their fiat (which is a mathmatical certainty), the more governments seize your stuff to feed their ever growing parasitic nature, the more people will realize that there is no wealth in fiat, it must come from a mechanism that cannot be easily diluted, like crypto..

The advantage of 21st century cryptos is their emission and use circumvents and disintermediates the 20th century banks with their expensive overhead and "protection" racket. The banks enable expensive, slow, outdated and unresponsive 20th century governments to still exist in the 21st century. Consequently most of the world yet awaits the 21st century-and this is ultimately the primary driver behind crypto.

Eventually nothing more than an iPhone/android app will be required to exchange value between two people. That value for now remains denominated in Dollars or Euro - but that WILL disappear-only question being when.

Who is to say whether backdoors will be added to any crypto currency

The programmers who have completely rewritten the code for bitcoin, or the other programmers who wrote the code for their coins from scratch.

Also the stark reality that coins have never been stolen from anyone's wallet.
The Heartbleed Bug is a serious vulnerability in the popular OpenSSL cryptographic software library. This weakness allows stealing the information protected, under normal conditions, by the SSL/TLS encryption used to secure the Internet. SSL/TLS provides communication security and privacy over the Internet for applications such as web, email, instant messaging (IM) and some virtual private networks (VPNs)...

Heartbleed Bug
Spitznagel: Why Cryptocurrencies Will Never Be Safe Havens | Zero Hedge
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