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Fool! Take another look at yourself:Comment
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Retarded nut case.Comment
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Dirt minded
Do your best scribbling.
You will never achieve success.
You are a blowhard.Comment
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The fall of China,,, what else falls/
At one time, the PBOC was creating more liquidity than the ECB, FED and BOJ all put together. Because of unrestricted international capital flows, the PBOC was floating the worldwide credit system. You might think that I am too focused on what happens in China but, you have to focus on the local effects of international capital. EVIDENTLY, global war against China is off the table because we don't want the cockroaches who are radiation resistant to inherit the planet. I'm not claiming the nuclear weapons are the ultimate weapon. Still, they would be used.
I found an excellent article at Zero Hedge. You should read all of it. I'll cite part of it. The comments are even more informative than the article. Keep in mind that; if nuclear / kinetic war is off the table, the financial war will be extremely cut throat. Armstrong said that the world capital of finance would move to China in about 2032. I'm sure that America would like to prevent this.
ZH Why An Economic War With The US Blows China UpSo, how does China increase domestic consumption when India, et al enforce a low global mean wage? How do they escape the demographic crash when their fertility rate is only 1.6. Their working population falls by 1 million a year. The price of changing over to automation falls every year.
Japan, the UK, the US, the Euro-zone and China.
They have already learned the private debt-to-GDP ratio and inflated asset prices are indicators of financial crises.
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Unlike Putin, Xi can be easily played.There is no possibility of a trade agreement between 2 nations that routinely cheat.
Credit Bubble Bulletin : Weekly Commentary: True Start to U.S. vs. China Trade War
Historically, the banks have ALWAYS created credit booms where the punters borrow from the banks to expand the economy, primarily stocks and RE.
Then, the banks withdraw liquidity and, crash the economy. The banks buy up everything that is distressed for pennies. This is how they covert credit that was freely created into tangibles.
There is a new problem this time around. Many millions of people can no longer afford a house or even, food. This isn't entirely the fault of banks. Rome collapsed when Government over-reach impoverished the people. Rome's population fell from 1 million down to 20,000 as people left the cities to do subsistence farming. Something that is no longer possible.
Once again, the State has over-reached and broken the bank. The Founding Fathers forbade direct taxes because they knew that the GOV would grow without limit if it could squeeze out money without limit. We have reached that point where State demands have severely diminished the productive economy.
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economic time bomb with a four-week fuse:So, China is riding the credit tiger and, Trump is coming head on in the Trump train.
This is a good article with a lot of info.
"The first is $33.2 billion and that represents how much money Uber has spent on operations and overheads over the last three years (2016-2018). The second number is $23.1 billion, and that reflects the far lower amount of net revenue that was actually generated by all of this spending and disrupting."
So, about that contagion. Where do you think it will hit?
Powell kicked off the recession in December 2018 by trying to reduce the FED's exposure.
There is MUCH complaint about fake news. The algos that do all the trading have no ability to detect lies or BS. They believe that a trade deal is imminent.
Agenda 21 wants to move everybody into the cities. Calhoun created a mouse utopia back in the 60s. The mice eventually turned to violence.
It doesn't look good for the cities.
The Eurozone project benefited Germany at the expense of the rest of the bloc.
Globalism benefited China and just 5 other States. It is obvious that globalism must be reversed and de-constructed but, nobody knows how to do it. Globalism combined with Automation has left much of the world without a job.
Kunstler; The Golden Golem of Greatness will be blamed for most of that. The internal contradictions of Globalism were already blowing up trade and financial relations between the US and China. The Trump tariffs just amount to a clumsy recognition of the fatal imbalances long at work there. As a 25 percent tax on countless Chinese products, the tariffs will punish American shoppers as much as the Chinese manufacturers. Trade wars have a way of escalating into more kinetic conflicts.
The sad truth is that both China and the US are beset by dangerous fragilities. Both countries have borrowed themselves into a Twilight Zone of unpayable debt. Both countries are sunk in untenable economic and banking rackets to cover up their insolvency.'
"The temperament of the Chinese people is conditioned historically by subservience to authority, which tends to blow into anarchic rage quickly and catastrophically when things go wrong."
Side note,Comment
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Oil, Iran, Putin,, Rare earths,, Farming crash,, slipping away
Putin plays chess.
The war hawks talk up a big attack on Iran. So what news do we get back?
Visualizing The Countries In Range Of Iranian Missiles ZH
Venezuela Oil Output in April Drops to 16-Year Low - US Energy Dept
Russia's energy ministry does not rule out oil shortages on global market if demand grow
Bank Of America - $90 Brent May Be Around Corner
So, what happens to the West when oil spikes? Tar sands is failing. Fracking is a loser,,, Venezuela is screwed up. Maybe now would NOT be a good time to attack Iran.
B]Trump Says War Will Mean The 'Official End Of Iran' (Total Annihilation) Warns 'Never Threaten US Again'
US-Iran Showdown Is One False-Flag Attack Away From Global Calamity[/B]
Sure, attack Iran and see what happens to the West. Even farming is crashing WITHOUT high fuel prices.
Will Robot Tractors Save America's Farming Industry After It Crashes?
"The S&P GSCI Grains Index Spot has collapsed more than 50% in 81 months from the August 2012 peak. Meanwhile, inflationary cost pressures have been seen in farming equipment, labor, seeds, fertilizers, fuel"
John Deere Slashes Production Amid A 1980sStyle Farm Crisis Collapse In Midwest
Xi Sends Trump A Message - Rare-Earth ExportBan Is Coming
Largest known rare earth deposit discovered in North Korea | MINING
Buy your Neo magnets real soon.
IRAN DID IT !
There was NO sabotage. Bibi and the war hawks are just using S.O.P. to get a war going.
E-commerce is destroying bricks & mortar. So, all the work will go to warehouse workers,,, who are all robots.
"Last year, e-commerce sales blew through the $500-billion level for the first time ($513.6 billion). For 2019, e-commerce is on track to hit $575 billion, an increase of $61 billion."
There is a NEW free money train coming to town.
Not all the big money people are onboard.
So, who are they going to sell to?
What happens to all parasites when the host dies?
The AngloZionist Empire: a hyperpower with microbrains and no cred left, by The Saker - The Unz ReviewComment
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Armstrong, "QUESTION: Do you support Trump and his trade war with China?
QW
ANSWER: No. Trump is living in an old world view of trade. The numbers are not accurate to begin with. The United States for years actually relied on economic interdependence with China as a stabilizing force in relations with Beijing on geopolitical levels. In other words, China needed the US market to sell products to provide employment for its people. The business between the two nations formed a check on U.S.-China affairs. However, as Trump escalates his trade dispute, he is playing with fire.
Asian culture is a matter of saving face. You cannot negotiate in this type of confrontational posture that leaves the opponent weak in appearance. Regardless if it works for China or not, it becomes a matter of principle. The result is a reduced incentive for stability and restraint in Washington. We already have the nonsense that the Democrats have done with Russia in re-establishing the Cold War. Here we have the Republicans wiping out relations with China. It was Nixon who opened up China and split the close ties between Russian and China. This policy in the USA has actually encouraged the relationship between Russia and China even if it was never intentional."
Instant capital transfer has allowed the money-renters to invade & depart ANY market. Globalism is good for them to maximise profits. BUT, when they depart a sector / State / market, it generally crashes down for lack of capital. Armstrong, et al take a very dim view of anything that diminishes profits. The Central Banks are trying to prop up markets that have suffered from wild flights of capital. They do this with debt instruments. This has caused the CBs to create and hold unsustainable debts.
MMT would give the Treasury the ability to sustain market sectors without incurring new debt. If a market can NOT be shorted and crashed for profit by the sharks, they will stop much of their speculation. For Armstrong and millions of other money-renters, this means a big cut in profits.
Giving the power to create money SOLELY to the Treasury would short-circuit most of the speculators. Benjamin Franklin proved that paper money CAN work. There just needs to be limits to proliferation. Considering the amount of jobs lost to automation, it is highly doubtful that the welfare state is going to cut back on it's demands for funding.
Has he thought about "free anarchy" for everybody.
The skills gap just gets worse and, welfare gets more comfortable.
Is that with or, without a crash?Comment
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The operating system is frozen up
"'the fall of the British pound back to 1985 levels"
Nobody is buying bonds from the ECB. Why should anybody buy them from the BOE?
Containerized shipping combined with automation has made a world with a few winners and, all the rest losers. All the CBs are doing QE by one name or another to keep employment going.
Margaritaville lyrics.
Don't know the reason
Stayed here all season
Nothing to show but this brand new tattoo
But there's booze in the blender
And soon it will render
That frozen concoction that helps me hang on
Wastin' away again in Margaritaville
Eventually, there will be many millions of people stuck in Margaritaville with noting to do and, nothing to show.
Traditionally, capitalism only rewards those who participate in remunerative enterprise. It offers nothing to those who opt out one way or another. Socialism tries to provide for everybody BUT, it kills the motivation of the entrepreneur. Socialism always fails because nobody has any motivation to make it work.
Meanwhile the State tries to grow without limit. Traditionally, the State grows until it blows up the public bond market. There are over 22 million working for GOV in America.
No surprise since 51% of Americans receive a check from GOV.
Yeah, right.
Trump is catching on.
It wasn't just republicans who fostered crony capitalism.
Rich donors do not pay for peace.
Ah yes, centralization breeds contagion.Comment
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You'll soon be going down the Zimbabwe road.
Yep, GOV really knows how to spend money wisely.
Meanwhile, the U.S. Navy has a new research program.
US Navy wants to create archive of 350 BILLION social media posts for 'research' purposes
Of course, it is ALL very innocent.
Pulse,,, what pulse?
No mention of low wages.
I'm sure that this will deter other would-be migrants.
Kunstler has something to say.
Originally, when money was connected to labor value, People worked and saved. They put their money in a bank. They merited interest because they had deferred their consumption. The bank lent out the money and merited interest because of the risk of non-payment. As wages froze at a low level, there just wasn't enough money in the banks to loan out to speculators. This necessitated the creation of money that was NOT connected to labor value. Through regulatory capture, the interest value of your deferred consumption (your savings) was stolen by banks that pay no interest on the value of your honest labor. At the same time, the banks still charge interest when they loan money.
They have very little real risk if the State bails them out for every bad decision.
The money renters still expect to receive interest even though they pay no interest. avoiding interest payments on bank accounts has gained them $400 billion a year. At the same time, they still charge huge amounts of interest payments on your debts.
All of this is happening while the world is flooded with liquidity. The liquidity is all stuck in the upper loop which allows them to charge interest on something that is very scarce in the lower loop.
Not all of this is the fault of the FED. Central banks were created to finance wars. So, while the FED is central to the ongoing robbery, it couldn't have dome it without regulatory capture by the State. War is just TOO profitable to ignore when there is ZERO morality at the top. The FED was created as Europe was slipping into WW I A few years later, America was financially geared up to have a BIG, expensive war.
Jim Grant has an excellent article.
Burke, "war is the health of the State"
We need a new operating system.Comment
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Election violence,,,, societal collapse,,,Crash of "no-profit-no dividend business mo
I have to start with politics. Armstrong speculates about war in Europe starting in 2020.
Now, keep in mind that the existing State powers plan to continue in power. Farage is giving them nightmares, along with S
Salvini, et al. You saw that mainline Power in Spain violently attacked the secessionists. Armstrong writes, "Unfortunately, the tension should begin to become more pronounced starting in 2020 going into 2022. I am not sure it would be a war, but certainly a rising trend toward independence."
The MSM is full of stories of antifa violently attacking anything conservative. Armstrong is predicting a LOT of violence around 2020.
From Indonesia,
Do the smart thing, buy French bonds.
"It struck me all as bit silly. France, that well know bastion of social equality, industrial peace, sensibility, stability, benevolent banks and companies accounts for over 25% of Euro corporate debt issuance."
"we turn a blind eye to France breaching its sov debt limits, and corporates owing 125% of GDP because we trust them to spend it sagely?)"
That's when the Soros riots kick in.
Just how desperate do you have to be to haul somebody up in front of a court of law when you don't actually have any crimes or charges?
Nope, not enough blood spilled yet.
Here it is if you want an inside look at operations at a Central Bank.
Erdogan is going to do a spectacular flameout.
Chinese markets are going down FAST
No kidding. Maybe it has something to do with crashing wages and spending power.Maybe because wanna-be buyers have no jobs or money.Comment
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So, form a cartel.
"Pundits glorying in tech profits only consider monopolies or quasi-monopolies like Apple, Facebook and Google or monopolies / cartels enforced by government regulations and policies. Markets open to competition do not enable pricing power beyond a temporary advantage for one or two product cycles. (Please see Two Intertwined Dynamics Are Transforming the Economy: Technology and Financialization)"
Here is a side note, "10 companies control the food industry - Business Insider
Apr 4, 2017 - A small number of powerful companies, from Unilever to Coca-Cola, create ... Only 10 companies control almost every large food and beverage ..."
"Everyone counting on trillions in tech profits is overlooking the inconvenient reality of the S-Curve for cheap credit, cheap energy and cheap labor--the three drivers of global expansion. Once credit dries up or becomes more expensive, once cheap energy is only a memory (or future fantasy) and once employment sags under the pressure to reduce labor inputs, the ranks of those with the earnings or credit to buy, buy, buy will be thinned."
The State is doing all the buy, buy, buy. What happens when the sovereign bond market collapses/
"Stagnant wages can only be supplemented with borrowed money until the costs of servicing the debt (interest) eats the borrower's budget. At that point, lenders will have to face the unpalatable truth that any additional loan will end in default, a process that will also collapse the entire unsustainable mountain of debt the household is struggling to service."
Bring on MMT and UBI
"As many others have pointed out, energy can be abundant but it only drives expansion if it's affordable to low-wage workers. If it's only affordable to the top 20%, every economy based on mass consumption implodes."
We're all going to be ridding scooters and living in tiny houses.
"Sure, there will be jobs for those installing and maintaining the software and robots, but remember: enterprises don't have profits, they only have costs, and the pressure to eliminate entire layers of managerial costs as well as production costs will only increase."
"That leaves government-enforced monopolies as the only dependably profitable corporations, and the citizenry will soon tire of enriching tech oligarchs who bought political cover and regulatory moats. Deflation eats credit-dependent, mass-consumption economies alive from the inside."
oftwominds-Charles Hugh Smith: Technology Is Not Just Disruptive, It's Disastrously Deflationary
They just don't trust each other.
Hopefully, May will melt down just like the wicked witch of the West.
How many weeks / months did it take for Tesla to fall from the top?
There are 20,000 sq. MILES of America farmland that have sterile soil.
Um, what happens to farming if FED GOV goes broke?
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The danger in corporate bonds
BB
If 50% of BBB-rated bonds were to get downgraded, it would entail a shift of $1.30 trillion bonds to junk status. To put that into perspective, the entire junk market today is less than $1.25 trillion,"
Forced selling to WHO?
The Rouble can and, will be attacked. It is at a disadvantage because it isn't much used in international business.
BUT, "On a 10:1 trading to clearing multiple, that's the equivalent of 6,380 tonnes of gold traded per day, or 1.6 million tonnes of gold traded per year.Mar 29, 2017"
" the notional value of daily paper gold trading is around $125.3 billion per day, given a dollar gold price of $1200 /oz. That calculation is based on the equivalent of 3248 tonnes of paper gold being traded daily."
Currently, everybody is trying to suppress the price of gold while they buy as much as possible. One of the biggest gold miners is collecting .24 ounces per ton of mined rock.
Couple of vids
https://www.youtube.com/watch?v=uQfOmaVpYus&t=70sm
I suspect that everything that Huawei builds has lots of back doors.Comment
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