Economic pressures

[Danny B]

Princeton Egg

The post-war exuberance gave us the baby boom. Today;s economy gives us the baby bust. As more and more job niches disappear, we refuse to bring children into the world. The more advanced a country is and, the more intelligent the people are, the lower the birth rate. Japan leads the way. The Japanese girls are all looking for their "farm boy". Evidently, the pressures of city life run counter to the desire to reproduce.

The State is by nature a PREDATOR. By NECESSITY, it must enforce control over it's citizens. China has just warned it's people that times are going to get tough. China has rolled out it's social credit system where it watches your every move, night and day. Not content with that, it now has a system that predicts when you will commit a crime.
The demands of the techno society run counter to the desires of the humans who don't want to be a cog. The needs of the State run counter to the desires for freedom that are innate in most people.
As artificial intelligence reduces the need for new "cogs" in the process of production, man will continue to lower his birth rate.
As the State rolls out new ways to monitor and control these cogs, the people will rebel in the only way that they are still allowed.
They will go on strike in the maternity ward. They will continue to kill themselves rather than live a meaningless life.

[Danny B]

[Danny B]

http://editions-hache.com/essais/pdf/kaczynski2.pdf

[Danny B]

China slipping fast,,, corporate debt rollover

The rulers are always trying to control their tax slaves,, nothing new. Power corrupts and, attracts the already corrupted. It follows that; we can expect our leaders to be corrupted. It IS different this time because the powers of surveillance are FAR more advaned than ever before in history.

Armstrong has predicted big changes in both 2020 and, 2032.
"ANSWER: The 2032 date is the conclusion of this Private Wave. That is when the power of the West will begin to shift to China for the next cycle that begins thereafter. The 2020 date is when the confidence begins to noticeably begin to turn down for the AVERAGE person. "
"We will be running the computer models on the 2020 election. But preliminary indications show that we will see a sharp rise in violence. Neither side will accept the results."

https://www.armstrongeconomics.com/future-forecasts/ecm/the-difference-between-2020-and-2032/

https://www.spiked-online.com/2019/01/11/the-gilets-jaunes-are-unstoppable/

Credit Bubble Bulletin : Weekly Commentary: Monetary Disorder 2019

Crouching tiger, crouching dragon,


No US officials in Davos - Trump cancels plans for Mnuchin And Pompeo to visit forum

https://www.gilad.co.uk/writings/2019/1/20/try-to-figure-out-where-labour-ends-and-likud-starts

https://www.presstv.com/Detail/2019/01/18/586150/Jewish-state-morris

[Danny B]

China roundup,, BAD news

You know by now that a crash in China will really upset the apple cart. Here is a repost of a few numbers.
Finally, nonfinancial corporate debt rose from $24 trillion to $73 trillion (71% of GDP to 92%)
Bank loans were up 13.5% over the past year"
So bank loans are up but, productivity is down. Where did the money go?

https://www.armstrongeconomics.com/market-talk/market-talk-january-21-2019/

2016

https://finance.yahoo.com/news/chinas-actual-gdp-experts-weigh-223117645.html

China cuts refiners' oil import quotas with first 2019 allowances | Reuters
China's commodities imports falls highlighting economic weakness .So, debt is increasing but, imports, productivity and exports are falling.

https://www.dollarcollapse.com/borrowing-soars-anticipation-slowdown/

Remember that newly printed money is counted as part of the gdp.

2017--- China's debt surpasses 300 percent of GDP, IIF says
The problem is simple but, unsolvable.
Wiki " The Chinese government is also demolishing rural villages and building new cities and towns to relocate villagers to. It ultimately aims to integrate about 70% of China's population, about 900 million people, into cities by 2025.[8]"
"China's urbanization took 22 years to increase to 39.1% from 17.9%. It took Britain 120 years, the US 80 years, and Japan more than 30 years to accomplish this."

China needs to create 15 million jobs every year.
China to add more than 50 million new urban jobs in 2016-2020 ...
Their gdp has gone negative. Population is falling. China has replaced real commerce with simple money printing.

China Housing Crash | The Coming Bubble Collapse - Gord Collins
Forget the Trade War. China Is Already in Crisis - Bloomberg
China's Coming Financial Crisis and the National Security Connection

https://www.abc.net.au/news/2019-01-20/chinas-looming-great-wall-of-debt/10713614

Trump is singing to China;

https://www.youtube.com/watch?v=BGLGzRXY5Bw

[Danny B]

He doesn't mention that much of the shale oil is too light to be useful. THAT is why we are now an oil exporter.

"But the shale oil industry has had a negative cash flow since it started around 2005. "
Coming Attractions - Kunstler
Oil is an absolute necessity for long-range transport. Trucks and planes.

We can get by on the oil that we already have if we shift energy demand to hydro, solar and wind. I personally hate nuke power. We have 245,000 spent fuel rods that must have water circulated on them for the next 10 years. The cost of decommissioning a plant is astronomical. Just as natural gas has killed coal, I hope that solar kills nuke.
While it would be nice to think that the FUSOR or MEG would make a grand entrance, I'm not going to hold my breath.



The Pension Benefits Guarantee Corporation was set up long ago to do just that. but, they are undercapitalized. Sears was destroyed by vulture capitalists in a hostile takeover. There are a few "winners" and 90,000 losers.
NOT a prayer of success.

[Danny B]

Armstrong,,, Freak Chart,,,the Left is bonkers

Armstrong has some interesting articles. Everybody writes about wealth inequality. Very few write about inequality of intelligence and motivation.

https://www.armstrongeconomics.com/world-news/taxes/inequality-of-wealth-2/

As the dollar goes up, it wipes out all other currencies,

https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/euro-declining-as-a-world-currency-in-global-transactions/

People are replaced by machines. The State tries to support a growing percentage of the population. It raises taxes. There is less money available for discretionary spending.

https://www.armstrongeconomics.com/world-news/taxes/direct-taxation-reduces-economic-growth/

The Green Overlords, https://www.armstrongeconomics.com/w...ist-overlords/

https://www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/gann-astrology-reality/

"She illustrated a chart which showed the 300-year cycle in the energy output of the sun. I was stunned. I then spoke to her and showed her my Economic Confidence Model and how her cycle closely tracked the ECM for the rise and fall of empires. That added some explanation behind mass migrations etc., which I picked up from the data and history. "



Millions of workers have been displaced by automation and are being supported by State money.


If they pulled it OUT of a bank, WHERE did it go?

The Freak Chart, https://northmantrader.com/2019/01/22/the-freak-chart/ greatest deflationary force known to man
That slimy P.O.S. is just like Kushner. all these so-called leaders who have NO stake in the future.

https://www.youtube.com/watch?v=GOgtALakLEY&t=95s

Sadly, Venezuela got so rich on oil that they let their agriculture sector wither away.
The Left has gone so nutso that they are tearing down the system.

http://thezman.com/wordpress/?p=16219

The left is so single-minded obsessed with taking over and destroying Trump and everything that is not "theirs", they have lost all perspective. Armstrong said that neither side (the loser) will accept the results of the 2020 election. If you think that the current shutdown is bad, just wait until we have complete paralysis.


Yeah, 1500 private jets showed up so that they could complain about the poor people rising up.

The Greens are working hard to reduce population. That masses don't want to be culled and smothered. We have already reduced our fertility rate but, they want more death.

[Danny B]

Post-work is an early death

Lucky me. I found a couple of articles that I don't need to excerpt.

https://getpocket.com/explore/item/post-work-the-radical-idea-of-a-world-without-jobs

And

https://www.theguardian.com/books/2015/jul/17/postcapitalism-end-of-capitalism-begun

We already see a collapse in fertility and the birth rate. Too many people see a world that they don't like and, they refuse to bring children into this world. What about the people who are already here?
Suicide is the SECOND leading cause of death for ages 10-24. (2016 CDC WISQARS)
Suicide is the SECOND leading cause of death for college-age youth and ages 12-18. (2016 CDC WISQARS)
More teenagers and young adults die from suicide than from cancer, heart disease, AIDS, birth defects, stroke, pneumonia, influenza, and chronic lung disease, COMBINED.
Each day in our nation, there are an average of over 3,041 attempts by young people grades 9-12. If these percentages are additionally applied to grades 7 & 8, the numbers would be higher.
Youth Suicide Statistics - Parent Resource Program

Our prime motivation is survival. What happens when all work is done by machines and we can just sit around?
Native American women still have the highest rates of rape and assault
Drug use, ". A consistent pattern emerged, showing the lowest rates of use among Anglo youth, higher rates among non-reservation Indian youth, and the highest rates among Indian youth on reservations."
THE THREAT OF HOPELESS BLACK MEN - Chicago Tribune

https://www.chicagotribune.com/news/ct-xpm-1986-01-31-8601080774-story.html

https://medium.com/nestegg/running-towards-a-post-scarcity-economy-3d03aa27682f

Mar 25, 2017 - Post-Scarcity (enough abundance for everyone) Every socio-economic transition is born with the infrastructure and knowledge of the system before it. A post-scarcity economy is no different. The internet, AI, and automation are shaped in the free market as much as these technologies disrupt the market.

Supposedly, artificial intelligence is our last invention. Everything that we might need will be invented and built by machines. We lose a major center to our lives.

Why do retirees die so soon after they retire? - Quora
Early Retirement May Be The Kiss Of Death, Study Finds | HuffPost
Is Social Security to blame for so many men dying at 62? | Fox News
Death Rate Rises for Single, Divorced Retired Men - AARP
F]Predictors of Mortality Among Newly Retired Workers - Social Security
Early Retirement, Early Death? - WebMD
It is simple. People don't care to live if they have no center to their lives.
" After age 65, the early retirees have a 37% higher risk of death than ... People who retire at 55 are 89% more likely to die in the 10 years after ..."

Along with death by retirement, there is suicide as an escape mechanism
"Similar to love, which is a broad totalizing dimension encom-
passing mind and body, suicidal wishes are a pervasive
irrepressible condition that incorporates the individual as
a whole; in love everything seems wonderful, in suicidal
states, the condition is best understood not so much as a
movement toward death as it is a movement away from
something and that something is always the same: intolerable emotion, unendurable or unacceptable anguish.
Reduce the level of suffering and the individual will choose
to live. An unpleasant sensation is often localized in the
chest and hypochondrium. The mind tries each option to
release the tension but never finds a safe haven and ends
up convinced that nothing will bring relief. In preventing
suicide, one looks for any indications in the individual
representing the dark side of their internal life-and-death
debate. And such perturbation contributes to the motiva-
tion for suicide, with lethality being the fatal trigger."

Those who are suicidal also often feel worthless, with emotional impoverishment
and loss of self-esteem."

https://econtent.hogrefe.com/doi/pdf/10.1027/0227-5910/a000327

Mankind just isn't prepared to sit back and do nothing

[Danny B]

The untenable life,,, shale & gas,,, pension funds & ZIRP

Ray Dalio runs the largest bond fund in the world. All decisions are made by the computers. The humans are there just to make sure that the computer is fed correct information. Is that our future,,, playing attendant to a machine?
Man is a social animal. We judge ourselves on our contributions to our family and society. Technology has removed this connection. We sit in front of machines telling other machines what to do. The destruction of the nuclear family is just one more step demanded by machinery. As soon as the screen comes on, ALL social interaction come to a halt. Just what do WE get from all that?

https://www.youtube.com/watch?v=e9dZQelULDk

https://oilprice.com/Energy/Energy-General/Warning-Signs-Flash-For-US-Shale.html

So, they drill new wells to make up for the decline in old (3Years old ) wells. But, don't worry, there is a lot of natural gas.
\'Flaring' wastes 3.5% of world's natural gas : Nature News & Comment
North Dakota flared off $1 billion worth of natural gas last year ...
Scientists Show Connection Between Gas Flaring and Arctic Pollution
China never seems to miss an opportunity to try new ideas.

https://www.zerohedge.com/news/2019-01-22/china-starts-debt-shaming-new-app-warns-users-if-they-are-walking-near-someone-debt

https://www.birchgold.com/news/were-reaching-the-beginning-of-the-end-of-the-pension-fund-crisis

Well, they aren't going to attack Russia. Who does that leave? Greece is flattened. Maybe they plan to attack Italy.

[Danny B]

https://alphanewsmn.com/the-civil-war-you-didnt-ask-for-has-arrived/

Ocasio Cortez is going to bring socialism to the masses. I can see from evidence that she isn't well-read.
Costs and Consequences of Socialism-in-Practice

https://www.aier.org/article/green-new-dealers-and-new-socialism

The world is moving into economic collapse. That, in itself will bring civil unrest. Here is an excellent article on the situation in Europe. They are pretty much screwed.

https://capitalistexploits.at/wp-content/uploads/2019/01/1901-Insider-Eurozone.pdf

So, what else will go wrong as sovereign debt collapses and poverty sets in?

If you search on, Benefits Of Ethnic Diversity, it returns pages that tell you that racial diversity is great for everybody.
If you actually read the studies and evidence, they conclude that racial diversity breeds crime.
Edit, https://www.google.com/url?sa=t&rct=...0tt_sJf-ZzGYiB
The truth is; we work together to promote the survival of our clan. "Others" who are not clan are seen as competition. As resources diminish, we will focus on our immediate genetic group and look at all others as competitors / enemies.

So, the left initiates the violence. We've seen plenty of that where people get beat up just for wearing a MAGA hat.
Singapore Summit Proves Why Democrats Lead the War Party | Black ...

https://blackagendareport.com/singapore-summit-proves-why-democrats-lead-war-party

Democrats Are the Real Party of War - The Baffler
https://thebaffler.com/latest/democr...l-party-of-war
Is America headed toward a civil war? - USA Today
Is the U.S. on the brink of civil unrest? - The Globe and Mail
What are the chances that America's disunion turns into Civil War ...

We also face collapses in the biosphere.

https://www.peakprosperity.com/blog/114741/collapse-already-here

[Danny B]

Destruction by the Dems,,, destruction by the neocons

Ever since LBJ instituted the War on Poverty, America spent $25 trillion mostly on handouts. The results weren't as advertised.
How Liberal Policies Destroyed Black Families - The Daily Signal
How the Democrats Destroyed the Black Community....and no one noticed
The Black Family: 40 Years of Lies: Rejecting the Moynihan report caused untold, needless misery
https://www.city-journal.org/html/bl...ies-12872.html

America doesn't have a gun violence epidemic. Democrat cities do.
https://www.americanthinker.com/.../...lence_epidemic...

Mar 26, 2018 - America doesn't have a gun violence epidemic. .... The vast majority of those cities have been run by Democrats for ... are the top 20 cities with the highest gun murder rates in the U.S. per capita. ... Every city is majority Democrat-controlled.

The liberals demand that we get rid of the grading system in schools. Since all people are equal, we shouldn't assign some kind of personal score.
The Dems and liberals work overtime to remove all personal responsibility. Unfolding socialism would work to remove all motivation. Since all democracies are mob rule, the Founding Fathers gave us a democratic republic. Federal debt is at $22 trillion and, unfunded liabilities are at $213 trillion. America might have survived emerging socialism but, it can't survive the incredible cost of our wars.
The 'war on terror' has cost the US nearly $6 trillion - Business Insider

https://straightlinelogic.com/2019/01/25/the-unprofitably-incompetent-by-robert-gore/

Political correctness has gotten to become a religion. Everybody follows the gospel and NOBODY who is running the show has any kind of idea of the truth about our financial condition.

https://www.armstrongeconomics.com/world-news/pension-crisis/forecasting-political-correctness/

Our public servants have a much higher wage schedule that the private sector. Still, they go on strike for more. They have been very creative at finding the money for their salaries.

https://www.armstrongeconomics.com/world-news/taxes/illinois-confiscating-cars-and-selling-them-if-you-owe-tickets/

Since 2007, the DEA has taken $3.2 billion in cash from people not charged with a crime.
From 2005 to 2010, government seizures of assets from both criminals as well as innocent citizens went from $1.25 billion to $2.50 billion. Federal authorities seized over $4 billion in 2013 through forfeiture,
The public sector is at war with the private sector. The producers are at war with the non-producers. Automation is at war with the human job market. The bankers are at war against everybody.
Here's something for you Britts, https://www.armstrongeconomics.com/w...british-press/
Trump said that the debt won't blow up until he is out of office.

https://www.peakprosperity.com/forum/114736/yes-debt-predicament-every-bit-bad-fear

[Danny B]

Bots and fake economies,,Destruction by taxing-a constant


WHY would the Yen be a safe haven if their economy refuses to grow?

Well, so much for the Yen.
Facebook announced that it had shut down over 1.2 billion fake accounts during Q4 2017 and Q1 2018.

So, what is this going to do to advertising revenues?

Armstrong has advice for Europeans trying to hold on to their savings when the GOV is trying to take everything.

https://www.armstrongeconomics.com/world-news/taxes/governments-are-sucking-in-assets-like-a-black-hole/

https://www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/internal-migration-the-cycle-or-city-states/

"Elizabeth Warren adopting the position to impose a wealth tax of two percent on people with assets of 50 million or more.
In order to impose a Wealth Tax, that means that absolutely EVERYONE would then by law be compelled to list everything they own right down to your wedding rings so the state could then calculate your wealth to impose a tax. You will have to prove you are under the $50 million limit to qualify for an exception. This type of tax would absolutely destroy the Right to Privacy. It does not matter if it starts at $50 million. How do they know you have less than $50 million unless you still report all your assets to says you are exempt. They government needs to know everything you own. "
"Elizabeth Warren is the new Karl Marx advocating communism in slow motion. To sell the income tax in 1913, it was to be just 1% and ONLY on the rich just as she is claiming today with her Wealth Tax. Ever since, the income tax has risen to 94%, dropped to 35%, rallied back to 91% and then eventually fell to 31% to rise again to 39.6%."

https://www.armstrongeconomics.com/world-news/taxes/warrens-wealth-tax-the-final-nail-in-the-coffin-of-the-us-economy/

The State tries to support more and more of the populace as automation eliminates their job niche. Originally, the State just supported people who had no abilities that were in demand by the private sector. The schools were dumbed-down. The qualification demands of the private sector continued to rise. Employment displacement by automation has risen rapidly.
There is no happy ending to this story.


The AGW people told us that this is a sign that global warming is real.

[Danny B]

Government money everywhere

"The largest employer in the world announced on Dec. 15 that it lost about $450 billion in fiscal 2006. Its auditor found that its financial statements were unreliable and that its controls were inadequate for the 10th straight year"
In 2006, David Walker, the comptroller General refused to certify that the U.S. budget was accurate.

http://www.washingtonpost.com/wp-dyn/content/article/2006/12/23/AR2006122300653.html

https://www.armstrongeconomics.com/world-news/pension-crisis/private-v-public-pension-funds-who-must-own-govt-bonds/

Making America great, one Chinese bankruptcy at a time.

"Today US
government spending typically averages a fifth to a quarter of GDP, and with ―transfer
payments‖ that add another ten percent or more. This transition is common among
―advanced‖ countries, with most of them operating with governments that are closer to fifty percent of the economy. Do those variables matter?"
cas.umkc.edu/.../Does%20Excessive%20Sovereign%20Debt%20Really%20Hur t%20G...

https://nypost.com/2018/09/22/next-crash-will-be-worse-than-the-great-depression-experts/

During the current reprieve from the shutdown, GOV has taken the opportunity to charge up all the EBT cards with the money for February. No telling how long it will be shut down after the reprieve expires.

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

Young Texas girl figures it out

This was written by a 21 yr old female who gets it. It's her future she's worried about and this is how she feels about the social welfare big government state that she's being forced to live in!
These solutions are just common sense in her opinion.
This was in the Waco Tribune Herald, Waco , TX Nov 18, 2010


Put me in charge . . .


Put me in charge of food stamps. I'd get rid of Lone Star cards; no cash for Ding Dongs or Ho Ho's, just money for 50-pound bags of rice and beans, blocks of cheese and all the powdered milk you can haul away. If you want steak and frozen pizza, then get a job.


Put me in charge of Medicaid. The first thing I'd do is to get women Norplant birth control implants or tubal ligations. Then, we'll test recipients for drugs, alcohol, and nicotine and document all tattoos and piercings. If you want to reproduce or use drugs, alcohol, smoke or get tats and piercings, then get a job.


Put me in charge of government housing. Ever live in a military barracks?
You will maintain our property in a clean and good state of repair. Your "home" will be subject to inspections anytime and possessions will be inventoried. If you want a plasma TV or Xbox 360, then get a job and your own place.


In addition, you will either present a check stub from a job each week or you will report to a "government" job. It may be cleaning the roadways of trash, painting and repairing public housing, whatever we find for you. We will sell your 22 inch rims and low profile tires and your blasting stereo and speakers and put that money toward the "common good.."


Before you write that I've violated someone's rights, realize that all of the above is voluntary. If you want our money, accept our rules.. Before you say that this would be "demeaning" and ruin their "self esteem," consider that it wasn't that long ago that taking someone else's money for doing absolutely nothing was demeaning and lowered self esteem.


If we are expected to pay for other people's mistakes we should at least attempt to make them learn from their bad choices. The current system rewards them for continuing to make bad choices.


AND While you are on Gov't subsistence, you no longer can VOTE! Yes that is correct. For you to vote would be a conflict of interest. You will voluntarily remove yourself from voting while you are receiving a Gov't welfare check. If you want to vote, then get a job.

[Danny B]

Modern Monetary Theory

Both Benjamin Franklin and Adolf Hitler created money out of thin air to provide liquidity to the lower loop where the actual work is done. Both got a war for their impertinence. Creating "money" to pay for actual productivity is NOT inflationary to prices. If you increase the money supply commensurate with the increase in wealth, there is no automatic price increase.
EVERYBODY knows that the Central Bank must create the money supply,,, as opposed to the Treasury creating the money supply. If the Treasury did that, it would cause great inflation.
Armstrong, "Actually, there would be no issue if the government simply created money to fund its normal expenditure. Historically, that will produce very modest inflation."
There you have it. When the head of the FED was a Presbyterian, Paul Volker, there was no such thing as a 2% inflation target. When the chosenites took over the FED, 2% inflation was perfectly accepted and rational.
The FED sucks out $ 1/2 trillion a year from the taxpayer.
" The crisis is when you borrow to fund that deficit spending. In 2019, interest expenditures may now exceed the cost of defense. It is far cheaper to create the money needed than borrow and keep rolling the deficits forever. Then the cumulative interest keeps rising and crowds out all other expenditures. This is what is happening."

https://www.armstrongeconomics.com/armstrongeconomics101/economics/when-is-printing-money-deflationary-rather-than-inflationary/

Here is an excellent article on Modern Monetary Theory That explains and justifies EVERYTHING that Armstrong claims.

https://www.themacrotourist.com/posts/2019/01/23/mmt/

" 40% of millennials are still dependent on mom and dad."
And they are NOT buying houses.

https://www.armstrongeconomics.com/markets-by-sector/real_estate/thanks-to-bankers-student-loans-are-suppressing-our-future-destroying-real-estate-market/

No, NO, NO. I read that they are growing at 6%

Germany depends on Great Britain buying their cars.

Just like russia and Nordstream, the Europeans need carbon energy.

[Danny B]

You can see that the problem has long been recognised.
The bankers insist that all money must be created through the bond market and, passed through their greedy hands.
The Federal Reserve has an education department. You can bet that they don't teach that Central Banks are an enormous drain on the economy.

https://www.federalreserveeducation.org/