Economic pressures

[Danny B]

Squeeze Europe,, banks & drugs... The Crumble... living on the street

I found a few interesting articles. The first concerns the fate of Teresa May.
"The UK government is now paralyzed by electoral politics just when the BREXIT negotiations are just getting underway.

Make no mistake about it, if May is defeated in the coming vote, we will see a major shock wave around the globe ramifications for the security of Europe as a whole."
This side of the pond is pretty well paralysed also.
Here is the very interesting part, VERY telling.
"If the Labour Party wins a new general election thanks to the students, they are clueless as to what his far-left brand of Marxism will do. Corbyn has, among other things, suggested the UK should get rid of its nuclear weapons and withdraw from NATO. It is Britain who supplies the backbone to NATO in Europe. Should Corbyn actually act on these radical ideas, he will certainly destabilize Europe as a whole. However, the mere expectation and/or uncertainty of a Corbyn-led UK would further unsettle every aspect of Britain from the political to the economic future of the nation. Corbyn is proudly a Marxist and he will take Britain back to the Dark Ages."

Think about it. Who would Britain ever use their nukes against? Ireland, perhaps? NATO was used to completely trash Yugoslavia. That was their crowning achievement recently. NATO is now in the process of trying to force Russia into a war. NATO is doing it's best to screw up MENA as much as possible.
"take Britain back to the Dark Ages."
Britain is being completely over run by invaders who rape and pillage. They have NOTHING to lose by running away from foreign entanglements.
"security of Europe as a whole." The security of Europe is being purposely destroyed by a handful of politicians who are hard at work to accomplish population replacement.

https://www.armstrongeconomics.com/international-news/britain/britain-on-the-edge-of-collapse/

850 international banks used to move Italian mafia and P-2 heroin proceeds out of Italy. Much of this was laundered through the Vatican to Switzerland. "
The article goes into a lot of detail about the murder of the Pope and MANY others.

https://hendersonlefthook.wordpress.com/2017/06/25/the-gnomes-of-zurich/

Not surprisingly, The FED answers to no one in government. Exposing Our Lawless Central Bank | Zero HedgeThe Greater Depression | Zero Hedge
You should read the whole article. It's about all the street people who have really hit bottom. Part of this is because of the breakdown of the family.
If the bond market does indeed collapse, there will be many millions more people who fall through the cracks and die.

Crumble rather than collapse, http://twoicefloes.com/the-tif-catal...an-a-collapse/
The EU is fast going broke. Their solution, drag in more States and tax the snot out of them, https://www.rt.com/business/389675-e...-denmark-euro/

http://www.gata.org/node/17449/print

BAD news for the bankers, http://www.cnbc.com/2017/06/20/oil-j...ing-to-30.html

[Danny B]

Plant a garden instead of pounding your head on a wall

The B.I.S. has a warning, ho hum. Next global financial crisis to hit with a 'vengeance', warns BIS

"The following are the brutal truths that the modern generation will have to face as the U.S. and the rest of the world deals with the ongoing global financial crisis:

1. The slate needs to be wiped clean and a new sound monetary system introduced.

2. That will require the elimination of all debt, deficits, unfunded social entitlements, the US Dollar as Reserve currency, and the big one, the $600 trillion of derivatives.

3. To eliminate these problems by default and deflation will cause a banking collapse and untold economic pain, leading to riots and political change.

4. Politicians are appointed for relatively short terms and opt for the easy solutions. While politicians continue to have the ability to create new money at will, they will do so in order to prevent a melt down on their watch. Consequently the odds point to governments wiping the slate clean by generating enough new money to eventually destroy their currencies."

SO MANY people making this claim. The quantity of money theory is NOT working as planned. When they pile up debt and call it money, they INCREASE the drain of interest,,,debt service. Effective deflation of the circulating money supply. When they drive down wages,,, effective deflation of the circulating money supply.
The Moses Generation & the Future of Gold - munKNEE dot.com

WAGES are the link between money and the economy. As the rich extract more and more, they just roll it into investments. It does NOT circulate. The more that is invested, the less circulates. The lower the wages,,, the less circulates in the consuming economy. The less employment, the less circulates BY THE CONSUMER. The money goes round and round in the upper loop. It does NOT flow into consumption. Assets are traded by the $ trillions every day but, the VELOCITY OF MONEY IS FALLING.
Is this linkage so hard to understand?

Illinois is ahead of the curve. Just look at the graph on this page.
Illinois debt is about to be rated 'junk.' What that means

https://mishtalk.com/2017/06/24/how-can-a-human-justify-asking-to-be-paid-15-to-work/

From India;
2012, "Govt sets target to skill 500 million people by 2022"
2017 "Govt abandons goal of training 500 mn people by 2022"

Government mumbles about creating jobs. One out of eleven in the beltway is a lawyer. That's all we need,,, more parasites. Even GOV can't keep up with the flow of parasites coming from the schools.
The national unemployment rate for law graduates has grown for the sixth year in a row to a whopping 15.5 percent, according to a report by the National Association for Law Placement.Jan 13, 2015
Mamas, Don't Let Your Babies Grow Up to Be Lawyers | HuffPost

Wages are crashing. Consumption is crashing. Oil is crashing. Velocity of money is crashing. Banking is crashing. The CBs attempt to fix the problem by pumping more debt into the upper loop.
The wrong theories,,, the wrong remedies. Maybe it is all part of a general de-population plan. The remedies are not working. You have to be prepared to get out of the way of the crashing train.

[Danny B]

News on timing the market crash

I'll start with Armstrong because he has the best record for accuracy.
"As we head into 2018, this may actually present not the trade of a lifetime, but the trade of several lifetimes."
If somebody wins, somebody else has to lose.EVERYBODY knew that Brexit would fail and Trump would not get elected. Maybe Merkel will get the boot.
"This event is timed so once the German elections are concluded, then the real truth about the financial crisis coming in 2018 will start to make its appearance off center stage.

We will be looking at the fate of the currencies, the coming slingshot and Phase Transition, and the consequences of what is really happening outside the USA that will drive the markets absolutely nuts come 2018."

https://www.armstrongeconomics.com/armstrong-economics-upcoming-events/world-economic-conference/2017-world-economic-conferences/

Here is an article that demands a lot of thought.
" The one thing we can know with certainty is it won't be easy to profit from the crash.
After 8+ years of phenomenal gains, it's pretty obvious the global stock market rally is overdue for a credit-cycle downturn"
" Hedge Fund CIO Sets The Day When The Next Crash Begins.
Next February is a good guess, as recessions and market downturns tend to lag the credit market by about 9 months.
My own scenario is based not on cycles or technicals or fundamentals, but on the psychology of the topping process"
Charles Huge Smith goes through EVERY detail of the psychology of the markets as they are correcting. The trading bots may or may not go along with the program. John Hussman thinks that the algos will try to make money on the downward slide. Will the algos be the only ones buying? Are they programmed for crash mode?
Of Two Minds - A Stock Market Crash Scenario

OK, so Armstrong will have everyone rushing to one side of the boat. People reading Smith will be trying to time the TOP. BUT, Armstrong is calling for a collapse of State finances. I'm glad that I don't have to figure out how to sail through a maelstrom spiked with Greek Fire.

China is going to have to do some adjusting, "Moody's estimated that while the government budget deficit in 2016 was "moderate" at around 3 percent of gross domestic product (GDP), it expected the government's debt burden would rise toward 40 percent of GDP by 2018"
Singapore fund Temasek: How a financial crisis in China might play out

The B.I.S. says that the economy is in such good shape that the various CBs can slam on the brakes when it comes to credit creation.
Push on with the 'great unwinding', BIS tells central banks | Reuters
"the BIS said policymakers should take advantage of the improving economic outlook "
"Inflation is certainly not the only variable that matters ... and we should keep one eye at least on financial developments," Shin said."
RIGHT, ignore employment
"The policy challenge is to take advantage of the current tailwinds to put the expansion on a sounder footing," said Claudio Borio, head of the BIS monetary and economic department."
Those "tailwinds" are howling through the corpse of the hollowed out economy.OK, so the B.I.S. "earned over a $1.124 billion. Just what did they do for that?

NO problem, things are fine in Switzerland.
One day later;

[Danny B]

https://dailyreckoning.com/revealed-exact-date-coming-apocalypse/

The claim is made that the "tightening" from the FED wills set things off. The FED was REAL generous when obummer was in office. Can Trump stop the tightening? Would it make a difference? Would this just postpone an even bigger crash?

"In its simplest form, the Phillips curve is a single-equation model that describes an inverse relationship between inflation and unemployment. As unemployment declines, inflation goes up, and vice versa. The equation was put forward in an academic paper in 1958 and was considered a useful guide to policy in the 1960s and early 1970s." Before computers and CNC machines.Treasury noteshttps://html1-f.scribdassets.com/56l...a18017c226.jpg
Velocity of money, https://html1-f.scribdassets.com/56l...a18017c226.jpg
THAT definitely wasn't in the models.

Mario Draghi has put a LOT of lipstick on the Italian pig, https://html1-f.scribdassets.com/56l...2311a7b746.jpg

https://www.scribd.com/document/352207184/2017-6-IceCap-Global-Market-Outlook#from_embed

The article is great for a worldview. It is focused in part on Toronto real estate. You really should take the time to read the whole thing.

[Danny B]

The Technicolor Swan - Kunstler

https://www.bloomberg.com/news/articles/2017-06-26/small-gains-seen-for-asian-stocks-as-yen-weakens-markets-wrap

Rich countries have a $78 trillion pension problem

Globalization tries it's best to get rid of all import tariffs. That means that only the lowest-cost producer will get any business. BUT, there is another factor. The lowest-cost financing will also bring great reduction to the final cost of manufactured goods. As long as the central bank never tries to liquidate it's portfolio, it has issued debt-free money. Japan keeps on printing and has never blow up. China has that option also. If money is created to keep the productiveOf Two Minds - If We Don't Change the Way Money Is Created, Rising Inequality and Social Disorder Are Inevitable
Smith goes on to endorse universal basic income. I just don't see it working. The vast majority of people would just skip work.

That was only 2 banks.
It's going to go up in smoke before long, anyway.

[Danny B]

Universal basic Income OR mass death

There are reportedly 102 million Americans of working age who are not employed. This is AT THE SAME TIME that the FED & Treasury have pumped in many $ trillions into the upper loop of the economy. The more money they print, the lower the velocity of money. It is slowly becoming apparent that all the efforts of the PTB are stupid and wasted. They have managed to lock many millions of people out of home ownership and even the POSSIBILITY of having a family.
OK, so what happens to employment AFTER the FED can no longer pump in money to support the 51% of the people who rely on a check from GOV?

It is becoming painfully obvious that the PTB have completely failed. There are increasing calls to pump debt-free money directly into the lower loop. It may have some bad effects but, having the majority of the population without support of any kind would bring a quick end to America. The idea du jour is universal basic income.
I posted the arguments in favor from C.H.Smith Of Two Minds - If We Don't Change the Way Money Is Created, Rising Inequality and Social Disorder Are Inevitable
Zukerberg, Musk and Modi, et al, have all called for UBI.

Here is an excellent vid from Yanis Varoufakis addressing details that I never even dreamed about. The guy is SMART and ARTICULATE.

https://www.youtube.com/watch?v=22eQ9iLBfY4

The West is going to crash very badly. If the East uses debt-free money, The West will not be able to export much of anything. Financialization gives us a 100% markup on everything (on Average). Without the money pump into the upper loop, upper loop jobs will disappear RAPIDLY. At least the lower loop produces something. That is more than you can say for all the bureaucrats, beggars and bankers.
Currently, corporate welfare costs 10 TIMES what the welfare for the lower loop. Presumably, the upper loop will scream the loudest for free money when all their jobs disappear.

Here is an article about a couple of State Reps that are prepping.
In Anticipation Of The Coming American Apocalypse, 2 Lawmakers Plan To Create ‘Christian Survivalist Centers’ In Rural Areas – The American Dream
Not one mention of farming.... tractors... diesel fuel.

[Danny B]

Alibaba'a Jack Ma Drops a Redpill in Davos: The U.S. Wasted $14 Trillion on Wars Over the Past 30 Years | Zero Hedge
We are locked in to spending about a $trillion a year for war contracts.

The cost of social support / programs for the lower loop is roughly $ 1.5 trillion a year.
The cost of support to the corporatocracy is roughly $15 trillion a year. The corporatocracy has robbed the people,,, because it can. It has no heart, soul or brain. It can't envision a total collapse because commerce has come to a standstill. It will ride this horse right off the cliff thinking that it can make money after the impact. It will fight tooth & nail to hold on to it's advantage. It will attach itself to the money spigot to survive.

The slow unravelling, https://www.rt.com/business/394557-g...ebt-surge-gdp/
Draghi said that he would do whatever it takes to save the Euro. He printed up mega-tons of debt money.
China said that they will do whatever it takes to save the Chinese economy.
"There are indeed some risks in the financial sector, but we are able to uphold the bottom line of no systemic risks," he said. "We are fully capable of preventing various risks and making sure economic operations will be within a reasonable range."
Does that mean debt-free money?
"It might not blow up; China might be able to prevent that kind of event, and it is less likely that China will melt down financially despite its terrific credit expansion, and there are no signs of an immediate crisis. But China, like Japan in the 1980s, is suffering from a "delusion" about how to fix its economic problems."

https://seekingalpha.com/article/4084474-china-suffers-delusion-like-1980s-japan-faces-long-stagnation

https://seekingalpha.com/article/4084428-sovereign-debt-jubilee-japanese-style

if China follows the lead of Japan, it's lights-out for Western debt.

"Federal Reserve has announced that it will soon begin withdrawing liquidity from the system. "
"Over the past 12 months, the Liquidity Composite has risen by 3.1%. Stock prices have inflated by nearly 15% over that time. Since July of last year, liquidity has grown by just 2.4%. Stock prices have risen 14.1% over the same period."
"The Fed took its foot off the accelerator at the end of 2014. Soon it will begin to actually siphon gas from the tank."
"Fed begins the process of withdrawing cash from the system within the next few months. "
"With the debt ceiling yet to be raised, the Treasury is likely to be forced to stop issuing new debt by September, if not before. That borrowing pause will continue until a deal is done to raise the debt ceiling. With all new Treasury supply held off the market, this will create a temporary shortage of Treasury debt in the market. "
"Under QT, the Fed will stop rolling over its Treasury holdings. That means that it will call in the money which it had lent the Treasury when it originally bought these bills, notes, and bonds. The Treasury will need to sell new debt to raise the cash it will need to pay off the Fed. "
"History teaches us that these declines usually become self reinforcing, and they usually devolve into forced selling. That often turns into a crash. "

https://dailyreckoning.com/liquidity-time-bomb-ticks-zero/

Armstrong did mention a crash of Treasury debt.

We got mammoth inflation in the upper loop from FED printing. It stands to reason that we will see mammoth deflation in the upper loop when the FED cuts back.

http://www.zerohedge.com/news/2017-06-28/what-fed-giveth

We have had 8 years of a huge bull market for stocks but bonds are dead. The pension funds invested in GOV bonds on and on. They missed out on the huge rise of stocks. Even after a few years of a rising market, they STILL didn't get onboard.

https://dailyreckoning.com/americas-silent-crisis/

So, who's idea was it for them to buy Treasury debt when stocks were doing so well?

We still have the biggest parasite of all locked in to the financial jugular vein of America.

http://www.rense.com/general96/americasdescent.html

[Danny B]

Broke states....too many banks..

Sometimes, all you need from an article is the headline.

Illinois has been unable to pass a budget for 2 years. Illinois DID vote unanimously "My sources tell me that by an 84-0 vote, part of I-55 will be renamed the Obama Expressway."
Illinois gets all the publicity but, Connecticut has an equal problem.
It's Not Just Illinois: Connecticut Faces Friday Day Of Reckoning | Zero Hedge

Armstrong is a "money" guy so, he thinks that the "bail-ins" were a necessity.

https://www.armstrongeconomics.com/world-news/banking-crisis/are-bail-ins-supported-by-free-market-philosophy/

The problem is; the financial sector is way too crowded.

"(2) On top of the 25 000 full banking licenses there are an other cca 60 000 (!) quasi-banks globally. Credit Unions, Savings Cooperatives, Savings Associations, Building Societies and other forms that are almost as rigorously regulated as banks.
(3) On top of the cca 25 000 full license banks and the cca 60 000 quasi-banks, there are shadow-banks and shadow banking activities. This is a very hard area to calculate estimates on, but the number of unregulated "banks" and "quasi-banks" is somewhere between 20 000 and 30 000 worldwide "
"(4) Total assets of the 25 000 full license banks constitute to cca USD 150 trillion. report that shadow banking assets amount to USD 75 trillion globally."

https://www.linkedin.com/pulse/how-many-banks-globally-david-gyori

Draghi has flapped his jaws about higher interest rates, "This has all sent the dollar down as the fools rush in where no wise-man would dare go."
"Now higher interest rates have miraculously flipped into bullish news. The problem is, the economy has not changed. Higher rates will not reverse the deflation in Europe. The idea is that higher rates will bring capital back to Europe. Nobody is addressing what comes next."

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/tell-as-lie-often-enough-it-becomes-the-truth-how-lies-now-defeat-gold-dollar/

So, Armstrong said to get out of ALL bank shares. No sane person would buy Euro debt either.

South Australia has the highest unemployment rate in the country so, they levied a "surprise tax" on the big banks. https://www.armstrongeconomics.com/w...ncial-trouble/
Unemployment is just a way of life for our future. http://www.zerohedge.com/news/2017-0...ar-opens-vegas

Just imagine that you lost your job. So, you go home and beat up the wife. That won't fix anything.

[Danny B]

France?s staggering debt levels are far more worrying than ours - Telegraph
Sub-prime auto loans are crashing badly. Your car is underwater when you drive it away from the dealer. Even if you give it back to him, the loan never goes away.
Good Luck Getting Out Of That Subprime Auto Loan When Used Car Prices Crash | Zero Hedge

http://www.321gold.com/editorials/hoye/hoye063017.pdf

http://realinvestmentadvice.com/wp-content/uploads/2017/06/Delinquency-Rates-Consumers-062517.png

http://realinvestmentadvice.com/wp-c...GDP-062717.png
Total system leverage is screaming up, http://realinvestmentadvice.com/wp-c...0-041117-2.png

https://realinvestmentadvice.com/yes-ms-yellen-there-will-be-another-financial-crisis/

All the world's currencies exist in their own little bubble, http://brucewilds.blogspot.com/2017/...-paradigm.html

[Danny B]

Interest load and tax load crushing everybody

I doubt that most people on this forum are invested in stocks. At the same time, any crash of the market will affect everybody.
Robert L. Rodriguez was an investment manager for 33 years and won a bunch of awards. He recently retired and had this to say;
"The closest policy period to what we have now would have been between 1942 and 1951, when the Fed and Treasury had an accord to keep interest rates low. Interest rates were artificially held lower to help finance the World War II effort. "
The Central banks were created specifically to finance Government wars.Bob Rodriguez: "We Are Witnessing The Development Of A Perfect Storm" | Zero Hedge

"They" can't find anybody responsible to borrow money so, They are looking for irresponsible people.
Signs Of An Auto Bubble: Dealer Literally Offers "Low Credit Score Discount" | Zero Hedge40% of Americans spend up to half of their income servicing debt - MarketWatchDid they break that down by gender?
"Women are more likely than men to overspend because of stress (35% vs. 24%)"
Low-income families spend 40% of their money on luxuries - MarketWatchMaybe, investors should just get OUT of financial stocks.
" which 20% of US corporations were at risk of default should rates rise. "
Note to Yellen
"Lapthorne calculates that S&P1500 ex financial net debt has risen by almost $2 trillion in five years, a 150% increase, but this mild in comparison to the tripling of the debt pile in the Russell 2000 in six years. He also notes, as shown he previously, that as a result of this debt surge, interest payments cost the smallest 50% of stocks in the US fully 30% of their EBIT " Earnings Before Interest and Taxes.
40% of Americans spend 1/2 their income on servicing debt..
50% of companies pay 30% of their pre-tax earnings on debt service.
12 Signs The Economic Slowdown The Experts Have Been Warning About Is Now Here

[Danny B]

Bankrypt oil.. bankrupt Illinois... bankrupt ECB

Oil is actually quite cheap. BUT, the currency wars have diminished our purchasing power. We've had roughly 10% price inflation,,, depends on the sector. We can't afford carbon energy and the oil majors are going broke. They aren't searching for new oil and this will hit us in a couple of years.

https://www.peakprosperity.com/blog/109505/looming-energy-shock

Illinois has tanked and the comptroller says that they need a budget immediately. There is a BIG difference between having a budget and having money. Illinois is paying $800 million in interest penalties for the $15 billion that they owe to vendors. The courts have ordered them to make payments to a few entities.
Somebody is going to get the gold mine and,,, somebody is going to get the shaft.
Embedded video, https://www.armstrongeconomics.com/w...nk-of-default/https://www.usatoday.com/story/news/...pen/446677001/When the Deal Goes Down - Kunstler

Apparently, the European Central bank is going to crash next year, ARMSTRONG: Major Central Bank May Fail Next Year | FS Staff | FINANCIAL SENSE

Various States are in open revolt at her immigration policies. The ECB is close to insolvent. Fiasco is a pretty good description.

[Danny B]

https://www.armstrongeconomics.com/world-news/climate/merkel-to-confront-trump-at-g20-on-climate/

The dirty little communist requires the carbon taxes to further her twisted dreams of socialist utopia. Trump will tell her to SHOVE IT. Maybe, he will mention that the German pension system is insolvent and, carbon taxes will not save it in the end.

You Aussies have been having a GREAT time down under. Australia is at the top of the world distribution of household credit to GDP - ABC News (Australian Broadcasting Corporation)

"The debt problems from a decade ago haven't been solved. They've grown worse, to the point where they can no longer be unwound, at least not by conventional means." So, we'll try non-conventional.

Previously, OZ had a law against exporting raw iron ore. ONE guy worked for 10 years to get this law changed. He pestered the legislature for 10 years and finally convinced them that it would benefit OZ.
"Then there's China. Our trade is dominated by it. In fact, more than 35 per cent of our trade, most of it in the form of raw iron ore, is with the world's second biggest economy."
Blowing bubbles: The new world economic order - Business - ABC News (Australian Broadcasting Corporation)most

https://www.nytimes.com/2017/06/24/opinion/sunday/artificial-intelligence-economic-inequality.html

There are two choices; debt-free money or general depopulation.

"The chart below shows de-trended real unit labor costs versus the level of economy-wide profit margins"

https://www.hussmanfunds.com/wmc/wmc170703h.png

https://www.hussmanfunds.com/wmc/wmc170703.htm

How hard is it to understand? If people don't have money, profits go down.
The feces-for-brains Central bankers pump money into the upper loop to get the masses to spend more. The transmission mechanism is WAGES. With 102 million working-age Americans out of work, the transmission is broken.

More reading on universal basic income vs Social credit.

http://www.socred.org/index.php/blogs/view/the-big-difference-between-a-basic-income-and-the-national-dividend

https://www.reddit.com/r/BasicIncome/comments/3tmf7b/lets_discuss_social_credit/

[Danny B]

2017 Is Going To Be The Worst Retail Apocalypse In U.S. History ? More Than 300 Retailers Have Already Filed For Bankruptcy
That "fully hop on the digital train" is going to be chugging through a wasteland where nobody has a job or money.

The FED has done 3 rate hikes. This should have put the brakes on some sectors of the economy. It did just the opposite.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/06/25/pol%20error%201_0.jpg

Tyler Durden Blog | "The Paint May Be Drying, But The Wall Is About To Crumble": BofA Explains What The Market Is Missing | Talkmarkets
Marvellous ! Bank stocks haven't had any returns. "Financial stocks have lost all of their gains for the year,"



What about electricity?

[Danny B]

The blockchain is squeezing out corruption

A couple articles on the blockchain.
The blockchain can bypass corruption entirely; Solving The Liquidity Problem (Not What You Think!) | Zero Hedge
China wants a national digital currency, PBOC Hires Blockchain Engineers Who Will Oversee Creation Of The "Digital RMB" | Zero Hedge

https://medium.com/blockchain-at-berkeley/blockchains-cryptocurrencies-the-new-decentralized-economy-part-1-a-gentle-introduction-edcb4824b174

The blockchain technology looks like it will eliminate a lot of corruption and GOV oversight. Combined with AI, it might just get rid of bureaucrats.

https://www.nytimes.com/2017/06/24/opinion/sunday/artificial-intelligence-economic-inequality.html

Illinois has 7 main problems, 7 Fast Facts About the Economic Collapse of Illinois | The Daily Sheeple
LBJ started the "Great Society. You can see the spending climbing from that moment.

https://squawker.org/wp-content/uploads/2017-07-03_11-01-59-1.png

http://stockboardasset.com/insights-and-research/hunger-games-society-looks-like/

US GOV spends 24% of the GDP. Trump is talking about cutting that back. Public spending is the only thing keeping the economy going.

https://mishtalk.com/2017/07/03/construction-spending-flop-only-public-spending-prevents-outright-disaster/

http://www.abc.net.au/news/2017-07-03/blowing-bubbles:-the-new-world-economic-order/8671756?section=business

[Danny B]

millennials take the poisoned bait.

The blockchain is fascinating for it's possibilities. Just how much "money" and commerce can it remove from State control?
It is projected that 10% of GDP will be stored in the blockchain. I can't really see the bankers allowing that.
South Korean bitcoin exchange Bithumb hacked, money stolen - Business Insider
B of A warns that the best indicator that stocks have topped out is; The millennials are starting to pile in.
U.S. Stocks Plunged 57% the Last Time We Saw This | Casey Research

Zero Hedge, "CDO" - the product that will accelerate the next crash when the BTFD mentality that has defined the market for the past 8 years, finally ends as central bankers pull the rug from under an entire generation of traders. "
The millennials are piling into DERIVATIVES.
"Our analysis shows that fundamental signals have significantly improved in efficacy over longer time horizons, whereas algorithm-driven signals perform well in the short term, but the decay rate is extreme "
Everybody piles in to a passive ETF and ignores fundamentals.
As The S&P 500 Becomes One Giant ETF, BofA Has Four Major Warnings | Zero Hedge

https://dailyreckoning.com/jim-rickards-war-north-korea/

Economica has proved this over and over.

https://econimica.blogspot.com/

Well, that is what Armstrong warned about.
The socialists can NEVER deal with reality because it would cut back on their spending.

https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/illinois-poster-child-for-the-coming-sovereign-debt-crisis/

Governor Moonbeam fits the pattern, https://www.armstrongeconomics.com/i...-constitution/
Government everywhere is dreaming up new fees and new fines to squeeze out every last penny.

https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/just-give-the-government-your-money-shut-up/

"Governments are broke and are taking drastic measures to stay in business"
"We reached the peak in government 2015.75. Ever since that fateful turning point, the press has become so corrupt, the politics has collapsed, traditional parties are declining and the rise in discontent is global. Between here and 2032.95, the world around us is changing. It will be out with the old, and in with the new."

https://www.armstrongeconomics.com/international-news/politics/the-coming-revolution-the-next-4th-of-july/

51% of Americans receive a check from GOV. This includes a LOT of government agents who go around snooping into everything that you do. They are all to quick to pull a gun on you. The EPA claims that it "owns" all water. Montana is now requiring you to list your water source. All the better to cut you off. So, when the sovereign debt market collapses, how are all these armed State busybodies going to react?