Economic pressures

[Danny B]

Grand chessboard and , useless sanctions

Pre- WW II, Imperial Japan was gobbling up territory that Great Britain considered to be theirs. British bankers made a lot of money trading with China, et al. At the same time, Great Britain was losing out to competition from Germany. France committed the first invasion of WW II. Soon, everybody was in it. The British knew that they couldn't win and had to work very hard to drag America into the fight. Roosevelt blockaded Japan to get them to attack. "They" hoped that an attack from Japan would finally overcome American resistance to entering the war. It was hoped that America could be dragged into Europe once it was engaged in the Pacific.

The same thing is happening again but, with different players. China is creating an Eastern "Marshall Plan" with their new Belt & Road initiative. Iran is to be a central hub.
https://www.axios.com/china-is-makin...3139f1f57.html
Pox Americana is working against China by cutting off Iran.

https://www.zerohedge.com/news/2018-05-10/us-moves-cut-iran-global-economy-sanctions-money-network

https://www.zerohedge.com/news/2018-05-10/china-regrets-trumps-decision-vows-protect-iran-nuclear-deal

The neocons, hawks and nut cases think that they can block the Belt & Road initiative. I seriously doubt it. Pox Americana has just made TOO many enemies. The hawks have surrounded Russia with missile bases. They rattle sabers in the direction of Iran.
The Ultimate Nightmare: Why Bombing Iran Would Be a Disaster
Why war with Iran would spell disaster | Iran | Al Jazeera
An attack on Iran would be a disaster for Israel - Haaretz - IsraelNews


There is really nothing that can be done with Iran. They have over 1/4 million missiles,,, most of them heavy ordinance. An attack on Iran would unleash the Hezbollah from Lebanon. NOTHING would stop them. Iran would make sure that not one barrel of oil left Saudi, Iran and UAE.
So, the West tries to get a proxy war going with Iran to stop Russia. But, China is backing Iran also. China said that they would protect Iran.
China is sending subtle hints of their intentions.
China flies fighters and bombers around Taiwan ... - Business Insider UK

The sanctions just push Iran and others to get even more involved in the Asian investment and infrastructure bank. Iran has had many years to prepare for these sanctions. Pox Americana has also created great solidarity in Russia. The sanctions will hurt Iran but, they won't stop them.

Oil is starting to rise quite a bit in price. This will hurt oil importers worldwide. Who will it help? Who will the money be flowing to?

https://sputniknews.com/russia/201805111064358563-russia-oil-gas-profits-rise/

So, we threaten Iran when we can not sanely do anything against it. That raises the price of oil so, we send more of our money to Russia.
At historic interest rates, America will soon be paying $1 trillion a year in interest payments. China, on the other hand is NOT loaded with this kind of debt.

[Danny B]

New day,,, faster BS flow

Central banks were originally created to finance wars for the State / banks. The Bretton Woods credit card allowed the FED to do a real bang-up job of war-making. The State, being much like other organized-crime groups, tends to push the most ruthless people to the top. The ruthless people push things to the limit,,, including the economy. The criminals eventually push things too far and, get either a collapse or a revolution. How far is too far?

And the justification, Ex-UK Military Chief: Boost Defense Budget to Protect 'Homeland' From Russia

Pax Romani expanded until it went bankrupt.
Pax Britannia expanded until it over-reached and went bankrupt.
The London bankers saddled up America to be the new world conquerer.
With $21 trillion in State debt, our time is not far off. How in the world did the DoD manage to misplace $21 trillion and not create a financial problem,, so far?
Pox Americana blindly marches on threatening new wars on a half dozen fronts. Regardless of what the FED claims, the State is still wildly printing new money.

"These domestic sources of buying are led by that juggernaut of funding known in the Treasury reports as "other". Not domestic banks, not domestic pensions, not insurers, not state or local governments...no it's mutual funds assisting the massive bid from "other", loading up like never before on US Treasury debt and saving America from interest rate Armageddon."
Regardless the BLICS efforts, the remainder of foreigners have eschewed US debt to such a degree that foreign holdings as a whole have essentially stalled since the Fed ceased QE. This has left the domestic sources to do nearly all the buying."

https://econimica.blogspot.com/2018/05/the-feds-treasury-holdingsreviewing.html

The FED bought dollar confidence by doing QE under the table. It also raised rates to attract foreign capital. Just the same, there aren't enough inflows to sovereign debt. Uncle Sam is going broke.

Avoiding the 'Q" word.
"Japan gov't debt hits record-high Y1,087 tril at end of March"
"The figure rose 16.25 trillion yen from a year earlier. Debt per capita stood at 8.60 million yen"
They can say,,, 1,087 trillion but, they won't say,,, quadrillion.

Argentina shows us that everything is speeding up.
"The speed by which the EM boom has faltered offers a warning to all. After all, it was only weeks ago that EM prospects were viewed as exceptionally bullish. And with "money" flooding into "developing" markets, it was too easy to disregard structural vulnerabilities and mounting risks. As always, there was ample "hot money" originating from leveraged "carry trades," derivatives and the leveraged speculating community more generally. But these days, with the broad menu of available hot international ETF products, it has never been so easy for retail "money" to jump aboard the EM boom cycle. Jump they did,"

"The Bubble inevitably faltered (2001/2002), and "hot money," as it does, raced for the exits. There were no buyers, no liquidity and meager real wealth to make good on all the debt that had been extended. It was a horrendous collapse and tragedy for the Argentine people, for which they're still suffering some 17 years later. "
"Turkey, another recent EM "darling," saw its currency drop another 2% this week, boosting its two-week decline to 6.3% and y-t-d losses to 12.0%."
" It took just 43 days for China's average yield to rise from 7% to 8%, after having taken more than four months for the move from 6% to 7%."
"A hundred years ago, at about the same time that the Titanic hit the iceberg, Argentina was among the 10 richest countries in the world. Today it ranks 87th. In all, it has defaulted on its debt eight times, suffered hyperinflation twice, and gone through 20 IMF-supported economic programmes in 60 years. The most brutal of these ended in 2001, triggering a $100bn default and crushing devaluation."
"Emerging markets added on $7.7 trillion in new debt last year,"

https://creditbubblebulletin.blogspot.com/2018/05/weekly-commentary-disequilibrium.html

Ahh yes, but, what does Powell say?

That's chump-change for the DoD.

[Danny B]

$3.7 million per member of Congress and is the most ever tracked by the group, which analysed spending data going back to 1990.)"
"So I repeat my point: global bankers and financiers (including those overseeing trillion-dollar Asset Management Funds) can be blamed for the rise of populist and fascist political parties after the Great Financial Crisis."

https://rethinkingeconomicsnorge.com/2018/05/12/can-we-blame-the-bankers/

OK, so, Glass-Steagal took our savings from the control of the bankers.
Graham-Leachy-Bliley gave our savings back to the bankers. Who voted yes for Graham Leachy?
Here are the names right here, https://www.senate.gov/legislative/L...n=1&vote=00354
It was close to unanimous. All those millions and billions for bribes worked magic. Don't forget the revolving door from Wall Street to the District of corruption. Vote "correctly and, you'll never be out of a job.
Graham-Leachy gave all your savings to the bankers to "invest". The big banks all do speculation in commodities and real estate. Since they have all of YOUR money, they can buy up everything. Then, when you need to buy something,,,, you buy it from a banker. They use your money to front-run EVERYTHING.
Not only that, they sweep all accounts every night and take "non-working" money and, put it to work. Since they don't pay interest on savings, the money works for the bank alone.

So, the banks were going to crash in 2007 because lack of money. They received $trillions when all was said and done.
TODAY, the banks are in a huge battle to get deposits. What happened to the hundreds of $billions of depositor money they were speculating with?
What happened to the sweep money?

The IRS and FED produced a Star Trek vid showing that a world falls into total chaos if they don't have taxes and a central bank. Hard to believe.

https://www.youtube.com/watch?v=VxU6n4pAnrU

Armstrong, naturally, is an apologist for the banks.
"the solution is a cryptocurrency to eliminate central banks and the creation of money by lending. That is so impractical it just shows the lunacy of it all. If you stop the creation of money by lending, do you realize property values would crash? We would be back to the Dark Ages "

" All pension funds would be wiped out. The savings accounts would not be there for probably 80%+ of banks would close if not 100%. To suggest that the solution is the end of central banks and bank lending, you are talking about blood in the streets. The riots would be incredible if not revolution. "

https://www.armstrongeconomics.com/world-news/cryptocurrency/can-we-just-use-cryptocurrencies-stop-bank-lending-end-central-banks-survive/

You get the idea. Our very survival depends depends on the banking system. The fact is; the survival of the banking system depends on those who create wealth. The parasite must convince the host to continue to produce. THAT is why bankers go catatonic at the mention of barter.

Armstrong preaches about destruction of the economy by too LITTLE currency creation.
No where does he write about the destruction of the economy by too MUCH currency creation.
We are at the point where all the previous currency creation is starting to blow up. The State is trying to suck out more blood regardless of consequences.

https://www.armstrongeconomics.com/world-news/taxes/illinois-to-impose-1-property-tax-on-top-of-everything-annually-for-30-years/

We are at a point where the system can not just be reset.

https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/what-if-we-just-wiped-out-all-debt/

Graham-Leachy gave all our money to the bankers. Apparently, it has run out. Apparently, the TARP money has run out. The FED claims to have started QT, withdrawing money from the economy. OTHER is buying up all the Treasury bonds to keep U.S. GOV from going off a cliff. Foreign capital flows are supporting private markets. Nobody will touch sovereign debt.
Just the same, the blob-State wants to make sure that their retirement is secure.

https://www.zerohedge.com/news/2018-05-12/audible-gasp-was-heard-when-chicago-fed-unveiled-its-solution-pension-problem

A great deal of the money (debt) supply is leveraged consumer debt. The consumer is defaulting and deflating the money supply.

[Danny B]

More bumps in the road

Things are looking really bad in the Middle-East. Dunno when

https://www.globalresearch.ca/trump-crossed-the-rubicon-and-the-world-is-reacting/5640296

It didn't have to be this way but, that's how the world sees things.

https://nationalvanguard.org/2018/05/this-list-of-us-pro-israel-pressure-groups-is-extraordinary-the-israel-lobby-a-list/

Bonds,
"That will break the back of emerging market debt, and probably the European banking system.

Keep in mind that the USA took the bad loans out of the banks and stuffed them in Freddie and Fannie. ....... The banking crisis just never ends. That combined with Draghi leaving next year means that and any halt to QE by the ECB will leave marginal governments unable to sell their new debt."
"I am continually called throughout Europe because they know this is just a waiting game. I do not think the solution will be one that anyone is willing to talk about without blood pouring from the ticker-tape."

https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/usd/the-dollar-high-real-or-adjusted/

"But Monday's action shows what may be in store for bond traders after ECB policy maker Francois Villeroy de Galhau told Bloomberg News that he expects bond purchases to end this year and an interest-rate increase could follow "
Maybe, they'll do like the Japanese and talk about raising rates year after year.

https://www.bloombergquint.com/view/2018/05/14/bond-traders-get-a-peek-of-the-apocalypse#gs.L=_Q1_A

A Monster Eating the Nation - Kunstler

The petro-yuan system might not be all the great but, a lot of international players will do anything to bring about the demise of the dollar.

https://www.rt.com/business/426637-china-petroyuan-oil-trade-iran/

Mike King on income tax, http://tomatobubble.com/tax_central_bank_scams.html


No kidding. When did they figure that out?

[Danny B]

https://dailyreckoning.com/stock-market-cannot-crash-2018/

"Another serious problem is illustrated in Chart 1 below. This shows the U.S. budget deficit as a percentage of GDP " "From the late 1980s through 2009, these two time series exhibited a fairly strong correlation." "But as the chart reveals, the correlation has broken down since 2009 and the two time series are diverging rapidly."

https://s3.amazonaws.com/agorafinancialwebsite/wp-content/uploads/2018/05/ustreasuryfederalbudgetdeficit.png

https://dailyreckoning.com/economic-numbers-less-meet-eye/

It's all smoke & mirrors, vapor-ware and debt.

Only FOUR stocks are holding up the market averages.

https://www.zerohedge.com/news/2018-05-16/these-4-stocks-account-over-two-thirds-2018s-sp-return

One take-away, consumer staples are down 12.77% 16 million are absent from the labor force. Evidently, they are not buying much of anything.


Yep, a falling population and capital flight will do that.


They laughed at Beppe Grillo when he said that he wanted to take Italy out of the Euro. They aren't laughing now.
They laughed at Nigel Farage when he said that he wanted to dismantle the Eurozone structure. They aren't laughing now, either.

Yep, one more sector gets the rug pulled out from under it.

"This is the entire problem with the structure of the European Union. They want one federal government, one single currency, but none of the responsibility of a national debt."
Socialism is fine until you run out of other people's money.
"The economics behind the Eurozone is a complete disaster. The markets are reflecting that economic reality behind the curtain that nobody wants to pretend is even going on for fear what that will do to Europe. Two-year Italian government yields are now back in positive territory for the first time"
"Now we have for the first time Italy and Greece currently yielding above ZERO on their respective two-year Eurozone government bonds. Interest rates are going to EXPLODE when we look down the line!!!!!!!"

https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/euro/euro-demise-the-crash-of-the-euro-is-inevitable/

The ECB buys all the imperilled sovereign debt that investors won't touch.
Did feces-for-brains Draghi think that investors would eventually change their minds?

The Poles and the Hungarians have blocked the efforts to destroy their countries by forced immigration. They are trying to preserve national unity. The one-worlders are trying to destroy all national unity to make populations more controllable. They are making "great" progress.

https://www.armstrongeconomics.com/international-news/europes-current-economy/eu-migration-chief-say-euopre-will-continue-to-take-refugees-for-decades-to-come/

When the CB quits printing, the bubbles pop.
https://www.themaven.net/mishtalk/ec...UeILgorCkZz5w/
It remains to be seen how much new capital is flowing into markets from back-door channels.

https://www.themaven.net/mishtalk/economics/fed-tightening-cycles-coincide-with-bursting-of-asset-bubbles-how-to-play-it-wAXZMn_MKUeILgorCkZz5w/

Fracking oil from America is an almost worthless LIGHT distillate. Oil from Venezuela is an extremely heavy crude like paste shoe polish. It doesn't flow at all. Russia is a huge producer of oil. Russia and China are buying up as much oil as possible and blending it to re-sell. This is all flowing through Petro-Yuan contracts.

https://www.rt.com/business/426637-china-petroyuan-oil-trade-iran/

The defense Dept admits that there is $21 trillion missing. As the dollar is used less and less, it will be more difficult to paper-over small financial discrepancies.

Permian Basin Is Growing Into the Largest Oil Patch in the World ...
https://www.bloomberg.com/.../permia...il-patch-in-th...
Why is the shale industry still not profitable? | MINING.com

https://www.mining.com/web/shale-industry-still-not-profitable/

Shale oil was financed from the junk bond market. It never made a profit. Chevron borrowed from the credit markets to pay stock dividends. Oil is headed up in price but, that just means that everything else is headed down from the higher cost of the master resource.

[Danny B]

The Blockchain noose

Every baby born in California has DNA sample stored - Digital Journal
U.S. Fertility Rate Hits 40-Year Low
Births plunge to record lows in United States
Death rates for many young Americans rising - Business Insider
What's behind the rise in youth suicides? - CBS News
Age 15-24, 10% of deaths are from suicide.

https://www.zerohedge.com/news/2018-05-16/central-banking-insider-just-revealed-blueprint-cb-policy-when-next-crisis-hits?sort_by=thread&sort_order=ASC&items_per_page=50&page=0%2C0%2C0%2C0%2C0%2C0%2C0%2C0%2C1

universal basic income payment is being withheld for lack of compliance with our directives.
by suppressing labor central banks have avoided inflation unleashing a red-pill moment upon the masses. little by little, step by step, transforming the fruits of our labor to their fruits of graft

Yes, once labor is reduced to entries on a digital ledger we will "pay to exist."


"I'm from the government and I'm here to help you. Please be advised that effective today your asset balance has been electronically reduced by 15% due to unforeseen government needs for more cruise missiles, aircraft carriers, F-35's, and more other stuff. We are confident that future additional reductions will not be necessary. However, should they be necessary, we will be sure to advise you ASAP, after the fact."

"You are of course free to complain about this to your Senators and Congressmen. They are also always eager to help."
"Have a nice day."

It looks like blockchain is just too good of a control structure for the CBs and Pols to walk away from.
Meanwhile, the people refuse to reproduce. Many of the young just kill themselves. This is a question of confidence, control and quality of life. That isn't something that is easily changed for the better. Automation and
AI can't be put back in the bottle. The criminal gang that is running the show isn't going to just set us free.
I see so MANY people waiting and hoping for a collapse.

[Danny B]

Italy to shaft the ECB,,,50% increase in EM debt,,,Rape Germany again

The Trump administration is playing hardball trying to force Europe to sanction Russia. It even wants Europe to cancel the oil pipeline. It has always been economic war. It was never about ideology.

Europe needs dollars to service dollar-denominated debt. The FED can pressure Europe to push away from Russia in return for dollar liquidity. Pox Americana told Europe that it will get relief from American tariffs if it buys more LNG and less Russian gas. This is all about starving out and carving up Russia for $75 trillion in natural resources.
At the same time, Italy is in the process of blowing up the European banks.

https://www.zerohedge.com/news/2013-...taly-blow-euro

It's not just Europe that needs dollars and a continuation of low interest rates.

https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/emerging-market-debt-defaults-on-the-horizon/

Armstrong talks about the U.S. economy being in far better shape. WELL, if the EMs default on a few $trillion, I am sure that will take down a lot of banks everywhere.

The EU was an exercise in futility because they didn't have a common debt market. Germany has a $1trillion surplus and, the rest of Europe has a $1trillion deficit. Not surprisingly, Draghi wants a common debt market. It's all very simple. All the Eurozone States vote for Germany to pay all their debts.

https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/emerging-market-debt-defaults-on-the-horizon/

BTC is useless. It was just a beta test for Central Bank crypto currencies.

[Danny B]

RE sucked up by hot money,,,

This graph shows the number of owner-occupied houses.

https://www.statista.com/statistics/187576/housing-units-occupied-by-owner-in-the-us-since-1975/

It has barely gone up.
This graph shows the population growth;

https://www.statista.com/statistics/183457/united-states--resident-population/

The Gramm-Leach-Bliley act took your money and gave it to the bankers to speculate. Residential RE is a long-term, high-dollar investment. It is VERY attractive to the upper loop where the free money flows. Home ownership just hasn't gone up because the upper loop is buying it up to park wet-ink money..
The hot money flows in and, the average worker is priced out.

https://www.statista.com/statistics/240991/average-sales-prices-of-new-homes-sold-in-the-us/

https://www.zerohedge.com/sites/defa...rt1_jlf940.jpg

We would be OK with stagnant wages if prices didn't rise. Here is a very important graph.

https://www.zerohedge.com/sites/default/files/inline-images/20180517-chart2_jlf940.jpg

It is painfully obvious that the break with the last vestige of the gold standard is what unleashed the monetary inflation that robbed our purchasing power.
"The average family has to work twice as many years to afford the average home as compared to the 60s:"
The last nail in the coffin for the middle class, occurred in 1999, when Bill Clinton signed the repeal of the Glass-Steagall Act. Before then, banks were required to pay no less than 4% on savings accounts, and charge no more than 6% on loans. Savings accounts were a big thing to help the middle class along, and low interest loans were too.

The Gramm-Leach-Bliley act was called the "financial modernization act" We're all very "modern" now.

https://www.zerohedge.com/news/2018-05-18/long-death-americas-middle-class

Once again, it was regulatory capture that set the (price) inflationary wheels in motion. The economy was reconfigured to serve the bankers rather than the bankers serving the economy.
The FED transparently works to get a 2% price inflation in the overall economy. This is 100% a mechanism to keep all the bankers and speculators well off. FED GOV goes along with this hoping to inflate away the burden of repaying the debt. When you talk about regulatory capture, don't forget that the State wants monetary inflation too.
It's no secret that the state is working against the best interests of the productive economy.

But, wait! 51% of Americans receive a check from GOV. 43 million are on food stamps. 45.3 million pay no federal taxes. What happens to the poverty rate of FED GOV should go broke?

http://money.cnn.com/2018/05/17/news/economy/us-middle-class-basics-study/index.html

The TARP money is gone. The follow-up bailout money is gone. The gold is gone. Cheap oil has peaked long ago. The 401k money is gone. The banks are fighting for deposits. There are giga-tons of money (liquidity) in the system. Only problem is,,, it isn't really there.

http://ggc-mauldin-images.s3.amazonaws.com/uploads/newsletters/Image_1_20180516_ME_OP_JM_LiquidCrisis.jpg

The corporatocracy has tried to scale-up to global markets. It is possible that global-scale markets could work. The problem is that there is no such thing as free trade. It's all smoke and mirrors because scale-up doesn't work when it is twisted and distorted by power-mad maniacs.

http://charleshughsmith.blogspot.com/2018/05/sustainability-boils-down-to-scale.html

So, everybody lies about their GDP to keep the hot money from flowing out.

https://www.zerohedge.com/news/2018-05-16/satellite-data-exposes-chinas-massive-gdp-growth-distortions?sort_by=thread&sort_order=ASC&items_per_page=50&page=0%2C0%2C0%2C0%2C0%2C0%2C0%2C0%2C1

Emerging markets are blowing up,,, right on schedule. Italy is going to blow the ECB right out of the water.

https://creditbubblebulletin.blogspot.com/2018/05/weekly-commentary-crisis-watch.html

The US civil work force is 33%. This is the blob State sucking up every penny they can find.

https://www.armstrongeconomics.com/armstrongeconomics101/economics/what-fields-will-survive-going-forward/

[Danny B]

Conflicting info,,,, driving the dollar out of Europe

Things are definitely in flux. It's hard to organize a post.
"But Federal government expenditures have risen by 317% and state/local government spending has leaped by 328% since 1990. In other words, government has expanded at roughly four or five times the underlying growth rate of the economy."

https://www.zerohedge.com/news/2013-10-02/guest-post-have-we-reached-peak-government

The State prints debt money but, never intends to repay the debt.
So, how much do you owe?

https://www.goldbroker.com/news/every-working-american-owes-1-5-million-1226

The FED had to force ZIRP to keep sovereign debt from eating everything.

https://www.youtube.com/watch?v=DFRuRoqLKZU&t=154s

Interest Rates Are About to Shoot Through The Roof - Peter Schiff

https://www.youtube.com/watch?v=CvMyiBw8R18&t=72s

Of course, ZIRP ate everything. The State is worried about the State.
It's not just the EMs that are running into problems, "Argentinareceived a short term reprieve on Tuesday when they 'rolled over' $26 billion of debt (known as Lebacs), and issued new debt totalling $200 billion. However, at rates between 38-40%, it raisesquestions on the long-term sustainability of such financing."
Brent Hits $80, Highest in 4 years
Emerging Market Chaos, the Lira and Peso in Freefall
The spike in the oil price will undoubtedly cause problems.

https://www.zerohedge.com/news/2018-05-19/us-10-year-surges-emerging-markets-implodewhere-next-gold

The Atlantic writes that corporations have a $5 trillion stash of cash. Not ONE WORD about having $5 trillion in debt. https://www.theatlantic.com/business...ermany/260006/
"rising rates, a surging dollar, and a 4 year highs in oil have wreaked havoc on Emerging Markets, and may soon spill over to developed markets although so far US stocks have been resilient, if failing to break out of the recent range despite the small-cap Russell 2000 hitting new all time high. At the same time, a financial publication used several hundred words to not so simply say that there was $8.8bn in equity inflows into US stocks even as the S&P had its biggest weekly drop in over a month;"

OK, now contrast that with;
US stocks suffer second biggest outflow ever in first quarter as ...
https://www.cnbc.com/2018/.../us-sto...ver-in-first-q...
Apr 3, 2018 - A stunning $63.3 billion left U.S. stock funds in the first quarter,
"February saw the third-highest stock outflows on record amid volatility .."
The devil is in the details.

https://www.zerohedge.com/news/2018-05-19/second-quarter-has-been-one-giant-short-squeeze

So, reportedly, we're headed for a train crash, https://www.mauldineconomics.com/fro...-crash-preview

Pox Americana is trying to do some heavy arm-twisting to cut off Iran. The arm-twisting is forcing many other States to do a work-around that involves side-lining the dollar.

https://journal-neo.org/2018/05/19/will-oil-end-the-american-century/

EU States, Russia, China To Discuss New Iran Nuclear Deal, Leaving Zionist US Sidelined

"The annual report showed that 2017 saw the biggest increase in the number of billionaires in history, with new ones created at a rate of one every two days. Their wealth has increased by 13 percent a year on average in the decade from 2006 to 2015."

https://www.rt.com/business/416644-worlds-richest-wealth-oxfam/

Corruption kings;

https://www.rt.com/business/417874-switzerland-us-most-corrupt/

[Danny B]

Willie and Fulford,,,, gold and nukes

Jim Willie is at the fringes because he writes about stuff that isn't widely perceived. Of course, he has more "misses" than most writers but, at least you get a preview of possibilities.
" As central banks across the globe discharge (dump) a sizeable portion of their USTreasury Bond holdings, they will seek alternatives. They will choose Gold bullion and Chinese Govt Bonds more often"
"Indirect Exchange. The latter is a practice of using USTBonds for instance in large projects as cash payment from two parties, like with China and Russia in building an oil pipeline."

"USDollar will no longer have sole trade payment status. It is losing its monopoly, led by oil shipments, the sole status lost to the Chinese RMB. The Petro-Yuan contract out of Shanghai is a major game changer. Many observers believe this is a minor issue, but it is not. As more nations purchase oil with RMB, the banking systems will see the RMB Bonds push out the USTBonds in their reserves management. As the Jackass has stated consistently, gold will be introduced first in trade payment, then in bank reserves, and finally in currencies."

"Hidden important aspects in banking structures and debt structures are in the making, some difficult to fully discern. They relate to the Uniform Commercial Code (UCC) filings against all private money systems. "
I can find no other reference to a UCC filing like this.
"Nations must resolve trade imbalances. Since the abrogated 1971 Bretton Woods Accord, which had set the Gold Standard, the imbalances have grown without bound. The worst offender nation is clearly the United States, which exchanges fraudulent debt securities for finished products and commodity supply. The USGovt debt will never be repaid, a fact gaining awareness. Thus the payment for ample imports in the form of USTBills and USTBonds is spurious at best, and fraudulent at worst."

"Multi-polar global financial system will continue to emerge. Since the end of World War II, the United States decided to gradually impose a quasi-democratic dictatorship, which has morphed into a global cabal fascist dictatorship since September 2001. The unipolar rule has resulted in profound chronic abuse of power, tremendous development of corrupt systems, hyper monetary inflation as standard policy, a push toward confrontation with the anti-Rothschild East"

"Nations must demonstrate gold reserves in order to participate in global trade. They must produce gold and post the gold as reserves, subject to independent audits. Expect the United States to continue in its astounding gold accounting fraud, but the rogue nation will be revealed and unmasked as massive fraud kings."
"The United States cannot go to war with the Eastern superpowers, along with their entire armada of nations aligned in favor of the Gold Standard and aligned against the continued USDollar usage. "
"The Dollar Sphere will rely upon USGovt pressure and even USMilitary coercion."
It always has.
"When the gold-backing for the Chinese RMB is announced and launched, the Dollar Sphere will lose ground in a magnificent manner with a potential collapse episode, culminating in a USGovt debt default event."
What a surprise.

"Emphasis on infra-structure toward economic development will be given by the Eastern coalition of nations which have formed the Eurasian Trade Zone. The Belt & Road Initiative has tremendous momentum, an impressive list of participating nations, and an enormous $8 trillion in projects, many of which have begun. Few economists comprehend the basic economic fact, that economic development, business growth, job creation, and wealth generation begin with business investment. And business investment begins with infra-structure development. Without roads, highways, railways, bridges, tunnels, port facilities, broadband internet, fiber optic lines, high voltage lines, and other means of flow, economies like the neglected USEconomy will continue to rot. "

This is a very important aspect. The U.S. infrastructure is rotten. All the money and productivity was poured into war industries. It is simple, war industries give a higher rate of return than domestic infrastructure. Not to mention that Tel Aviv / New York bought congress to press for world domination.
"The USGovt has spent over $25 trillion since 1975 on military, while earning global resentment and broadbased enmity. The US has neglected its infra-structure and finally resembles a Third World nation more then ever in over 200 years."
"Nations which do not embark on significant infra-structure projects will fall by the wayside."

"Sanctions led by the USGovt, far beyond its jurisdiction and rule, have resulted in a nearly universal anti-USD policy, even among many US allies. The FATCA rules sealed the deal in angry global reaction. The British have joined the AIIBank, much to the ire of the Washington Fascist lunatics. "
Global RESET Challenge: Ultimate Twist

https://benjaminfulford.net/2018/05/14/trump-iran-sanctions-aimed-at-forcing-middle-east-peace-pentagon-sources-say/

[Danny B]

Dollar shortage, China,,, Italy

Everything that Armstrong wrote about a rising dollar exploding the emerging markets seems to be coming to pass.
"Brent (oil) rising above $80 this week for the first time since 2014 - a move which is counterintuitive in the context of the sharply stronger dollar, and which has resulted in even tighter financial conditions across the globe, but especially for emerging market importers of oil."
"private sector QT", further exacerbating tighter monetary conditions and the growing dollar shortage (resulting in an even higher dollar)."
"In other words, the last thing the Fed wants right now as it accelerates its balance sheet normalization, is a sharp spike in the dollar. And yet, that's precisely what is happening. "
What did the FED think would happen when they reduced the quantity of dollars in circulation?

"For Kocic, the relative strength of the dollar is the exogenous event that could awake markets from their peaceful slumber, resulting in a violent reassessment of monetary conditions as the Fed quietly undoes the biggest monetary experiment in history,"
"The punchline: the dollar surge, catalyzed by the April 17 PBOC RRR cut, has launched a feedback loop which, very much like the Chinese 2015 devaluation, culminates in one of two possible unpleasant - for the Fed - outcomes: a collapse in EMs should dollar strength not be arrested, which then morphs into a broad-based liquidation of all risk assets "
Broad based liquidation IF you can find a buyer.

https://www.zerohedge.com/news/2018-05-19/why-soaring-dollar-will-lead-explosive-market-repricing-flow-chart?sort_by=thread&sort_order=ASC&items_per_page=50&page=0%2C0%2C0%2C0%2C0%2C0%2C0%2C0%2C1

Armstrong writes that the financial capital of the world will shift to China. I suppose that this will happen AFTER the global meltdown.

https://www.armstrongeconomics.com/armstrong-economics-upcoming-events/world-economic-conference/the-shift-of-the-financial-capital-of-the-world-to-china/

The Eurozone "works" for the bankers,,,, just not for the people. It was forced austerity across the board.Maybe, that wasn't such a good plan after all. How could so many people be so STUPID? THAT is called communism and, it has always been a financial bust.Nope, they didn't want to be serfs.This wasn't just a war against labor. The technocrats, under the banner of WONDERFUL neoliberalism wanted to destroy the entire social safety net. For being such advanced thinkers, they certainly are STUPID. Did it never occur to them what the effects of poverty would be?
the population of Greece was estimated at 10,783,748 persons, down 0.68 percent year on year from a year earlierThe media, huh?From Goldman Sachs)

As more and more people start to acknowledge the anti-democratic and neocolonial nature of the European Union, " The corporatocracy.

https://americanaffairsjournal.org/2018/05/italys-organic-crisis/

[Danny B]

Printing to hold off the defaults,,, the U.S. corporation

The corporatocracy, especially the parasitic sector thought that it would be a good idea to have war on labor. They also thought that it would be a good idea to shred the safety net. Then, all the money would flow upwards to them. This money is debt money. When wages are destroyed, there is no money circulating in the economy. The CBs created an "extra" $200 trillion of debt to tide them over until the lower loop could once again carry the load. The banks did a thorough job of regulatory capture.
26 Goldman Sachs Alumni Who Run the World (GS) | Investopedia

https://www.investopedia.com/news/26-goldman-sachs-alumni-who-run-world-gs/

Apr 18, 2017 - How Goldman Sachs alumni run the the world. .

Draghi, from GS is FORCED to print the money needed to service the debt that the people can no longer service. All the CBs are printing $trillions waiting for the consumer to return to her old ways of consumption. As consumption fell, capital drove wages down further to maintain margin.
Evidently, the corporatocracy is focused on earnings alone.
The State takes on $bazillions in new debt to keep the banks afloat. State debt has gone to the stratosphere and the private sector doesn't want to buy any more. We are just passing the time waiting for the defaults to smother the banks.


There will be enough money in the lower loop as long as the state continues to print more.

Buybacks diminish the number of outstanding shares and, increase earnings and bonuses. Beware the hangover.
Everybody is nervous about the new government in Italy;

Yeah right, ringfence.

The money supply is all debt. The banks are waking up to the fact that they hold notes of negative value. The poor aren't going to pay off 200 or 300 $trillion.

This is the kind of stuff that got Trafficant killed;

https://anticorruptionsociety.files.wordpress.com/2016/12/james-traficant-the-bankruptcy-of-the-united-states.pdf

https://aadivaahan.wordpress.com/2016/09/13/hey-americans-and-indians-read-and-watch-and-ponder/

Fascism ruins the economy faster than socialism. Democracy always morphs into socialism. It usually takes about 150 years. Democracy is a temporary situation. BUT, if you compare the economies of North & South Korea, you can see that democracy works well while it works. The same is true for East & West Germany.
There are claims that this was planned all along.

https://www.youtube.com/watch?v=AZU0c8DAIU4&t=328s

[Danny B]

Sovereign default will be a NECESSITY

It's not just Hawaii. There are rumblings everywhere.


RIGHT, so, use the printing press to fix the problem.

Yep, but don't worry. No politician will lose her job or feel the pain.


The pyromaniac has noticed the fire.

So, what is the cost of a pitchfork and torch?

The inception of the Euro was a stupid action guaranteed to fail.


Yep, by 'them", he means Russia, Iran, China, Syria, Iraq and most of Central Asia and parts of Western Europe. The world has grown up and can't be threatened any more.

We're going back to tally sticks.

The bacteria and virus will be the ultimate conquerors.

The Russian stock market and, sovereign debt is the best in the world.

https://www.rt.com/business/427333-russia-investments-sanctions-forum/

https://www.zerohedge.com/news/2018-05-21/learning-americas-forgotten-default?sort_by=thread&sort_order=ASC&items_per_page=50&page=0%2C0%2C0%2C0%2C0%2C0%2C0%2C0%2C1

Ronald Bernard has more to say, https://www.youtube.com/watch?v=uA1Ut-K1FsU
EXCELLENT article from Armstrong covering; the supremacy clause,,,, crypto currency,,,State seizure of assets whenever it is deemed necessary.

https://www.armstrongeconomics.com/world-news/cryptocurrency/cryptocurrency-dancing-with-the-devil/

" the French. They would sell their shares to a Brit who would be exempt from the tax and then the following day buys them back splitting the tax savings. Not the Germans are licking their lips at how much money they can now fine banks for helping these type of transactions while they are threatening the traders with ten years imprisonment."
"This attempt to use the criminal proceedings in Germany is by no means a solid case. There is such a thing as Ex Post Facto, which means you cannot declare something to be a crime after the fact. It appears that ten years in prison is the favorite means to extort money from people against the law over controversial share transactions, that are retroactively applied when they were not before. "

https://www.armstrongeconomics.com/world-news/taxes/germanys-hunt-for-taxes-being-illegally-applied-to-the-past/

[Danny B]

The shale industry

I have to focus on oil and, it isn't looking good. This is going to take some reading. The recent glut of oil is winding down.

https://www.dollarcollapse.com/oil-front-page-news/

"Few Americans realize that the U.S. economy is being propped up by the Shale Oil Industry. However, the shale oil industry is nothing more than a Ponzi Scheme, so when it collapses, it will take down the U.S. economy with it. Unfortunately, the reason few Americans understand how lousy the economics are in producing shale oil and gas is due to the misinformation and propaganda being put out by the industry and energy analysts."
"I provide some interesting charts that explain how the huge decline rates and massive debt are going to bring down the industry, much quicker than the market realizes."

"The Permian, the largest shale basin in the United States, decline rate was a stunning 60% in just two years. Thus, the companies producing oil in the Permian are forced to spend boatloads of Captial Expenditures"
"Furthermore, I explain how many of these shale oil companies are using debt to fund operations. However, lousy shale economics are not allowing these companies to pay back debt, so they must borrow new debt to pay back existing debt. "

The comments are more interesting than the article.
"Isn't it the last hours of empire when most or all of her financial acumen is only scams and hustles for the rich to get as much money out of the dead carcass before it dies and then run off.
"Oil going to $30? I doubt it because we are doing the exact opposite of over investing in future production as we did back in 2008, $30 means a glut is on the way - Or is demand going to slump that hard?

"we have been saying for the last 6 years. Jean Leharrere has been saying it for the last 10. To add insult to injury to keep production even for Shale (because of their horrible decline rate) over the next 5 years will require the drilling of an additional 1.5 million new wells. Which will have a $7.3 trillion price tag attached.

https://www.sourcewater.com/blog/waterboom6

https://www.zerohedge.com/news/2018-05-22/shale-oil-ponzi-scheme-explained?items_per_page=50&sort_by=thread&sort_order=ASC&page=0%2C0%2C0%2C0%2C0%2C0%2C0%2C0%2C1

[Danny B]

Asymetric effects

Other news;
Central bank digital currencies,,, control to the nth degree.

https://www.zerohedge.com/news/2018-05-22/bank-england-issues-working-paper-central-bank-digital-currencies

oftwominds-Charles Hugh Smith: The Next Recession Will Be Devastatingly Non-Linear
Most of the people that I know are working overtime and buried in work. The people of lesser abilities are living in a tent under a bridge. Life is competitive.


This is a new phenomenon that was recently demonstrated by Argentina. They went form selling 100 year bonds to ,,,, needing an IMF bailout in a matter of 2 weeks. capital flows at the speed of information AND confidence.
Once again, SPEED.
It hasn't even gotten to a good start.

That "haircut" will be done with a machete or a chainsaw.


NO summit, period
I'm SHOCKED !
Silicon Valley and, over-stuffed unicorns.

https://www.rt.com/business/427507-silicon-valley-bubble-end/