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The fallout from the battle between globalism and nationalism
I spent a week in the north woods. When I come back, things have accelerated downward. I have to write on social systems because of their enormous effect on economic systems. Globalism is a socialist construct with a fascist control structure. The chosenites have always pushed socialism no matter how often it fails. Globalism is seen as the central control structure that they must create to control the world. Globalism, so far, has only benefited six States. It is already perceived as a failed system. This will be an important perception as the battles grow worse.
Top Institutions and Economists Now Say Globalization Increases Inequality
George Soros will probably get what he wants.
I can't leave out Kunstler, Diminishing Returns - Kunstler
The game plan has been around for a long time. 22 Key Goals Of Zionist Communism In America
"Communist Goals (1963) Congressional Record--Appendix, pp. A34-A35 January 10, 1963
Current Communist Goals EXTENSION OF REMARKS OF HON. A. S. HERLONG, JR. OF FLORIDA IN THE HOUSE OF REPRESENTATIVES Thursday, January 10, 1963 ."
Charles Hugh Smith, oftwominds-Charles Hugh Smith: Are We Fiddling While Rome Burns?
Structured criticality, https://macromon.wordpress.com/2017/...d-criticality/Comment
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Armstrong and 2020
Rogoff, "He is telling the central banks that the next recession they will have to resort to negative interest rates and they should prepare now. Despite the fact that negative rates have failed to work in Europe or Japan, seems to be nothing to really consider.
So what after almost 10 years of failed policies at the European Central Bank, it will eventually work maybe in 12 or 13 years?"
"The academics never get called into real world problems. They have zero experience. Government calls upon them because the politicians also have no experience."
"These policies of negative interest rates have created a Pension Crisis on the horizon and wiped out so many states, provinces, cities, and municipalities. This policy is one-dimensional and only looks at demand and how to force people to spend."
Here is a picture of Slick Willie and the bankers destroying Glass-Steagall.
"Mr. Armstrong; You said that this civil unrest will continue to escalate and that the left is attempting to just suspend government until 2020.":
"This is why the violence will continue and escalate into some very bloody events going into 2020."
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Debt ceiling and infighting
Everybody has written about the fast approaching debt-ceiling battle. As it gets closer, there is more focus and hints.
"Trump tweeted what appears to be a warning that the debt-ceiling process is setting up for failure, saying he had requested that Mitch McConnell and Paul Ryan tie the debt ceiling legislation into the V.A. Bill (which passed), adding that they did not do it, and as a result we "now have a big deal "
"Trump now admits will be a debt-ceiling "mess" has begun, as has the scapegoating, and in Trump's view the blame will, or should, ultimately fall on Congressional Republican leadership in the face of McConnell and Ryan. While it is unlikely that Trump's latest escalation will accelerate a compromise, it virtually guarantees that the feud between the republican controlled Congress and the President will escalate further, effectively making either a debt-ceiling or government shutdown crisis increasingly likely. "
Trump Warns Of Debt Ceiling "Mess"; Blames McConnell, Ryan | Zero HedgeDavid Stockman On America's Goldman Sachs Regency | Zero Hedge
SO, the markets have rolled over about 6% even with all the cash infusions from the plunge protection team.
The inner cities will be the battlefield, America's Inner Cities Are In Chaos... Just Look At Baltimore & Chicago | Zero Hedge
Baltimore is a case study where nobody takes responsibility and, nobody gets an education.
"In grades three through eight, 41 percent of students passed the English test, while only a third passed the math assessment. "
Less than half of Maryland students pass English, math assessments - Baltimore Sun
The liberals seem to think that;if you throw enough money at ANY problem, that will fix it.
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This Is How Trump Is Going To Be Blamed For The Next Financial Crash | Zero Hedge
Comments;
if he takes the credit for the highs, he will be blaming the deep state/Republcans/Democrats/etc for standing in his way when the collapse comes. He can say it all would have stayed good if only they had not got in his way
Trump just needs to start saying, "If they don't pass this spending bill, They are going to crash the markets, its horrible people, horrible.".
Trump's his own worst enemy. If he had any balls he would have pointed out what a charade the markets are and given himself some cover before they collapse again
He knows the game that's being played and won't let them be the only ones crafting the narrative. This is why he is still doing rallies also. He is building a militia, an army of sorts. But most won't be called to take up arms, they will be called to other things when the time comes, and many will answer. Some of you all still don't get it, this isn't even really about Pres Trump, it's something much bigger.
No. Sometimes Timing is everything.
Wait until it happens, and then blame the (((Fed))).
The Public support for ending the Fed will be at its peak then.
"Markets won't crash because of the Federal Reserve buying stocks and bonds!!
August 24, 2015 the Fed outed their covert stock buying program and went on a stock buying binge and reversed a -500 point drop in just 15 minutes!! Who else is powerful enough to do that ??"
This is a whole nother issue.
We are in a whole new world where the State tries to buy up the economy to keep it from crashing. Stay tuned !Comment
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"Business-cycle recessions are not just inevitable, they are necessary to flush bad debt and marginal investments/projects from the system."
"The next recession--which I suggested yesterday has just begun--will be more than a business-cycle downturn; it will be a devastating meteor storm that destroys huge chunks of the economy"
CLARITY; The dynamic that's about to play out is simple: wages for the bottom 95% have gone nowhere for 17 years, while costs have soared far above official inflation for everyone exposed to real-world costs.
We have filled the widening gap between stagnant household income and rising expenses with debt.
"After eight long years of filling the widening gap with borrowed money, the jig is up: the returns on adding debt have diminished to zero"
"When credit expansion stops, the effect is like a meteor storm: marginal borrowers and lenders crater, and every sector that depends on marginal borrowers and lenders for sales and profits also craters."
"Here's total credit in the U.S.: up from $26 trillion 2000 to $66 trillion today."
"Many of those about to be vaporized did not grasp the fragility of the "prosperity" they assumed was both solid and permanent. The difference between earned income and sales derived from earned income and debt-based income and debt-based sales is about to become painfully clear: the coming financial meteor strike will vaporize debt-based activity and leave whatever isn't dependent on debt relatively unscathed."
oftwominds-Charles Hugh Smith: Next Stop, Recession: The Financial Meteor Storm Is Headed Our WayComment
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Trials and tribulations of Bitcoin
Here are a bunch of links on the attempts to control and tax BTC.
"With more assets pouring into digital currencies, the federal government, via the Internal Revenue Service, is looking to get its fair share from Bitcoin -- a cut that the IRS doesn't believe it's been getting until now.
That could change, and fast, as the IRS is using a software program that monitors Bitcoin-based digital addresses, in a campaign to identify potential tax evaders."
Hackers, Bitcoins & Fleas | RiskHedge
"but the anonymity is by no means perfect. Security experts call it pseudonymous privacy, like writing books under a nom de plume. You can preserve your privacy as long as the pseudonym is not linked to you. But as soon as somebody makes the link to one of your anonymous books, the ruse is revealed. Your entire writing history under your pseudonym becomes public. Similarly, as soon as your personal details are linked to your Bitcoin address, your purchase history is revealed too."
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The gold-bug States have a far higher population and productivity than the West. Japan is technically in the East but, they seem to like gold too.
Japan Sees Surge In Gold Smuggling As Yakuza & Wealthy Chinese Team Up | Zero Hedge
Where does that leave the West? Goldman Sachs never wants to be on the wrong side of a trade.
"London metals trader Andrew Maguire tells King World News today that the gold price suppression cartel is splitting, that Goldman Sachs and two other bullion banks have allied with China and are going long, and that Indian gold buying is strong"
"James G. Rickards, who has enjoyed U.S. government security clearance, asserted yesterday that the U.S. government is likely to join with other major governments and officially revalue gold to $10,000 per ounce by the end of the year:"
Sounds strange but, these are strange times.
Maguire sees gold cartel splitting; Rickards predicts revaluation by year-end | Gold Anti-Trust Action CommitteeRickards Fears September Meltdown - "1000 Point Drops, Or A Closed Exchange?" | Zero Hedge
Jim Willie, "The Petro-Dollar is showing numerous signs of being dead. The OPEC cartel is defunct, rendered a useless gaggle steeped in disunity. Enter the Eastern energy cartels to fill the void. The Russians are forming an effective Oil Consortium for supply. Iran is working to form a natural gas cartel, joined by Russia and Qatar. The implications are vast for both the USMilitary and the USDollar. The US global dominance will be cast aside, a process already underway. These energy cartels will assure the end of the USDollar as global currency reserve. They will also open the door for the Gold Standard in various forms."
"the growth of barter with possibilities at the local level for both silver/gold and services, the known bilateral barter examples like China with Iran, the coming Dual Universe of USDollar versus Chinese RMB in not too peaceful coexistence, and the advent of crypto currencies with block chain protections using encryption for security"
Banks and the IRS hate barter.
GOLDEN JACKASS.COM - The Golden Jackass Knows Gold, Currencies & Bonds"Comment
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The economic school of smoke and mirrors
For thousands of years the economy was pretty simple. It mostly consisted of physical goods. Barter was common and precious metals were the most valuable intermediary. Companies of variable capitalBut, But, they all went to very good schools.
"I wrote a full report on how they altered the economy forever changing our banking system from Relationship Banking to Transactional Banking. The arguments how this would reduce risk for banks overturning the regulation of the Great Depression"
Ah yes. Reduced risk for banks and increased risks for everybody else.Comment
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This is the most overvalued stock market on record — even worse than 1929 - MarketWatch
OK, there are a dozen major indicators that show the stock market to be in nosebleed territory.
(Almost) every single indicator says that a crash is coming. The credit cycle has turned and things are moving down.
The banks are pulling their money out, Wall St Banks Sending Warning Signals… Investors Pull Billions In Longest Outflow Streak Since ’04… Worries Grow About Stock Market’s ‘Bad Breadth’… – InvestmentWatch
Goldman Sachs and a couple of other major banks are going "long" on gold.
Can the dollar break down without taking stocks with it?
The Single Most Important Chart in the World is Breaking Down | Zero Hedge
Armstrong makes a different claim. He is looking at ONE measurement.
"All we have been hearing since 2011 is how the stock market is going to crash and then there will be hyperinflation and all sorts of strange relationships that never materialize. They simply focus on the level of the stock market in nominal terms without adjusting it for inflation or showing how it has performed relative to the rest of the economy. Here is a chart of the stock market expressed as the total value of shares traded annually as a percent of GDP. Sorry, this illustrates that the retail market is not in crash mode just yet and it is still nowhere near the overbought levels of 2007."
What a bonehead. He picks the one measure that looks good.
"total value of shares traded annually as a percent of GDP"
The shares are NOT traded. $Trillions were bought up by CBs to inflate and support the market. They do NOT trade like most investors. They buy (with free money) and hold. THAT is why volatility is so low. The CBs don't need to make a profit. Their strategy masks the rest of the market.
The high-yield ETFs don't have near the liquidity that they claim.
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"Western IQs drop by 14 points in last century - 1.23 points per decade - attributed to women of higher intelligence are having fewer children"
Controlled Demolition - KunstlerComment
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First, Danny, Thanks for posting here. Know that you have a consistent follower in me, whether I post or not. By reading and condensing your sources for us you provide a much appreciated, valuable service. I, for one, don't have the drive to do this all for myself.Originally posted by Danny B View PostArmstrong makes a different claim. He is looking at ONE measurement.
"All we have been hearing since 2011 is how the stock market is going to crash and then there will be hyperinflation and all sorts of strange relationships that never materialize. They simply focus on the level of the stock market in nominal terms without adjusting it for inflation or showing how it has performed relative to the rest of the economy. Here is a chart of the stock market expressed as the total value of shares traded annually as a percent of GDP. Sorry, this illustrates that the retail market is not in crash mode just yet and it is still nowhere near the overbought levels of 2007."
What a bonehead. He picks the one measure that looks good.
"total value of shares traded annually as a percent of GDP"
The shares are NOT traded. $Trillions were bought up by CBs to inflate and support the market. They do NOT trade like most investors. They buy (with free money) and hold. THAT is why volatility is so low. The CBs don't need to make a profit. Their strategy masks the rest of the market.
Now for the original reason for this post. When I looked at Armstrong's chart I was dismayed. His conclusion is an almost direct opposite to mine. It appears that the individual investor has abandoned the market. I remember the buzz leading up to the turn of the century. It was so popular to invest in the stock market. Everyone was seemingly being urged to participate. When the crash came thereafter people were discouraged and stopped participating. Now, looking at that chart, this has been a "17 year" trend. Participation is VERY low. My personal trading activity reinforces the point.
Now, considering the participation and manipulation that is quite obvious, i.e. QE, how much of the market activity is actually "market driven"? I don't know the technical terminology, but individual traders with capital of less than $1,000,000, let's say, vs. larger and progressively larger tranches of players? It seems the market is extremely concentrated in the hands of mega-players. It makes it very easy for "them" to continue the manipulation.
It will be an almost trivial task on their part and for their ends to do whatever, but Hussman is right without a doubt. And, Armstrong is wrong, as to the meaning he apparently draws from this chart.
ditto!
The "central planners" have managed to take control of the stock market. What happens depends on what "they" want to happen. As far as being an indicator for the health of the economy the correlation has been broken in my mind. When it becomes broken in the social consciousness we may see some change, but that is also conjecture.
If "they" decide it is time to create a market correction "they" will surely accomplish their goal. So far, Trump has "his finger in the dike" and they seem unprepared to take him out. Will they do it? When will they do it? And what form will it take? That is what I am thinking about.There is a reason why science has been successful and technology is widespread. Don't be afraid to do the math and apply the laws of physics.Comment
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Desperate measures from Tel Aviv and the deep State
Wayne, appreciate the kudos. You probably have some idea of how much reading it takes to make a coherent picture of the situation. I suspect that most of the little players don't have the time or the expertise to pick stocks. The mutual funds have absorbed the investments of the little guy.
The state of the swamp has a lot of effect on what happens to the economy. Trump is airing out the swamp creatures and they will go to any length to get rid of him.
Swamp Central just got BAD news.
" The Israelis Tried to Cut Their Losses in Syria. They Failed
They hoped Assad would fall. Then they wished Syria would fall apart, taking Hezbollah with it."
The Israelis Tried to Cut Their Losses in Syria. They Failed
"Neither by military maneuvers nor by covert means has the Israel / US Axis of Evil been able to defeat Hezbollah. In 2005, the Mossad / CIA complex triggered the 'Cedar Revolution' in Lebanon by killing a prominent Lebanese politician and fingering Syria. The goal of this "color revolution" was to muscle Syrian and Iranian influence out of Lebanon, thus leaving Hezbollah isolated from its main financial backers and suppliers. The phony revolution failed.
In 2006, Israel used the pretext of "kidnapped Israeli soldiers" to invade southern Lebanon. Pardon the mild vulgarity, but the invading Israeli Defense Forces got their sorry asses kicked so hard they ran back into Israel crying, literally!"
AUGUST 2017
The battles for Iran and Syria are pretty much over. The U.S. admits that Syria is firmly in the Russian camp.
The chosenites will have to forget about grabbing the oil in the Golan. They will have to forget about the pipelines that they want.
Netanyahooo threatened Putin. A STUPID move for anyone.
"Not that a war is looming on the horizon. However, Iran's deepened influence in Syria is potentially volatile in the future, increasing the risk that if the 11-year truce and quiet along the Israeli-Lebanese border is broken, the Israeli military may find itself fighting Hezbollah on two fronts. "
They will lose just like last time. Netanyahooo says that he is going to bomb Assad in Damascus. This just shows what an idiot he is.
Trump has pulled back from supporting the chosenites. Tel Aviv and the deep State may go to desperate and extreme measures to get rid of him. They may be willing to crater the economy to eliminate Trump.Comment
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China: the runaway train
China captured lots of markets but, China impoverished it's best customers.
China printed up mountains of currency all in the name of investment and productivity. The preferred store-of-value in China is real estate and housing. At one time, they had 64 million empty residential units. I don't know what it is now. This rolling over of investment and price inflation has resulted in a housing market that most can't afford. Like many economies, they let productivity run away from consumptive power.
Stevenson-Yang Warns "China Is About To Hit A Wall" | Zero HedgeOn 30 bucks a month salary.
China and steel production, "Why is so much steel needed?
Simple. It is needed to build more steel mills so as to build more shipyards, ports, railways and bridges so that more ships can be built to carry more iron ore to more ports and thence along more rails and bridges to more steel mills so as to build more shipyards, ports, railways ..."
On The Coming Collapse Of China's Ponzi Scheme Economy | Zero HedgeComment
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