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FAKE NEWS
Donald Trump invented all things crisis.
[VIDEO]https://www.youtube.com/watch?v=Xjq1H7wLTwo[/VIDEO]
Donald Trump invented all things crisis.
[VIDEO]https://www.youtube.com/watch?v=Xjq1H7wLTwo[/VIDEO]
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Fracking;
Russia's energy minister does not rule out that oil prices could fall to $30 per barrelComment
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.Immigrants & pension funds,,,Zombies keep the economy going
The contraction and reset have long been predicted. Trump has abandoned / ignored all the diplomatic niceties that functioned to make international markets predictable, if not stable. He is trying to stretch out the good times until the next election. He's not going to make it but, he may lesson the impact. This is what he is fighting.
"Here is one example as to why the Fed is so deathly afraid of a recession. Wisdom Tree and Factset did a study on Zombie companies. They are defined as those with current trailing 12-month interest expenses that exceed the average of the past three years of earnings before interest and taxes. That number is now just under 23%, which is much higher than the 13% rate that what was evident in 2007 just prior to the Great Recession.
To put this in perspective, nearly 1/4 of firms in the Russell 2000 don't even make enough money to service their debt much less pay back the debt"
You should read the whole, article.
Almost ALL wealth today is denominated as debt. You can call this debt a house-of-cards or, maybe, a chain. The fundamentals today are far worse that they were in the runup to the 2008 crash. The PPT, ESF, FED and, Treasury are all working overtime trying to keep ANY links in the chain from breaking. As the 90% of the population saw their earning power destroyed by the bankers, the lower loop of the economy cut WAY back on consumption.
The solution to the economic slowdown was; offer more credit. This worked up to a point. Debt saturation and default lessened the profitability of increased credit (debt) generation. The economic system is COMPLETELY incompatible with shrinking consumption / debt creation.
There is ZERO realization of what the core problem is. The bankers robbed us so, we can't afford to have children.
Here are 3 articles about the flood of immigrants.
Good graphs;
INTERVIEW WITH CARLOS A. GEBAUER – PART I | Claudio Grass
Armstrong, "Gold will be the hedge against political uncertainty and government ONLY when the people reach that critical point of losing faith in government. We are at the 35% level where people believe the government is the number one problem. When that crosses the 45% mark, things will start to become different."
Germany is a very poor place to rely on solar power.
Armstrong, Property taxes in Calgary have increased as much as 400%.
Once again, this is about jobs.Comment
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federal debt.
"Also, pay attention to the state/provincial debt where they do not have the ability to buy their own nonsense. The manipulation of rates will be at the federal level, not in the state/provincial and municipal levels of government.
So, pay attention to the bifurcation in rates that is unfolding between PUBLIC v PRIVATE."
Armstrong claims that there will be a huge interest rate disparity between public and private debt. QE will be institutionalized as MMT. There won't be an interest rate for SOVEREIGN FEDERAL debt. What Armstrong mentions and then, MISSES is that public debt below the federal level (state/provincial) will crash for lack of a printing press.
Armstrong again, "Look at the British pound during the American Civil War. It was the rally in the pound that began the breakup of the British Empire, as I have warned will happen to the US dollar. That rise in the pound exported DEFLATION to the British Empire and the economic conditions led to the start of separatist movements. Canada won its independence on July 1, 1867. The second major wave of separatist movements came with the end of World War II. India won its independence on August 15, 1947.
The United States will be at risk of also breaking apart under economic conditions, which will fuel both the religious and political battles between left and right. There will be a high probability that the United States will break into regional groups, probably four major regions in general. "
Japan seems to be the test-case for just how much money the State can create. Keep in mind that this "money" is created as debt. They haven't had hyperinflation so, it looks like America is going to follow their example.
When Spain received the New World gold, they got hyperinflation. Apparently, when you create new debt money, you don't get hyperinflation.
BUT, that doesn't mean that everything is smooth sailing.
Italy is flat broke. They are going to create a parallel currency. The ECB and EU say that they will fine Italy Billions of Euros if they do that. I suspect that any such fine would motivate Italy to tell Brussels to GET STUFFED.
if the millennials go to college, they end up with unpayable student loans. If they do not go to college , they end up with LOW wages.
Whenever stocks go down if is a BUYING OPPORTUNITY. BUY the dip. No longer. You can see why Armstrong's model is a confidence model.
In previous downturns, the FED has cut rates to rescue the markets. This is very short-lived and, further cuts are needed. Powell tried to raise rates starting December so that, he could cut them later on. Well, it didn't work out that way. As soon as he raised rates a bit, the markets tanked. Markets are expecting a cut as soon as July. Will we eventually go to negative rates? Who knows?
The current recession started December of 2018 when Powell raised rates..
Oil was headed down to $40,,, maybe even $30. All of a sudden, we see all these bogus tanker attacks. Haliburton is hard at work creating price support for oil.
As Charles Prince said, "we have to keep dancing as long as the music is playing"
Beats living in a tent down by the river.
Infrastructure spending may be good for jobs but, it isn't an investment, per se.
It is obvious that the millennials are dead broke and, can't support the housing market. So, give them a hand(out)
Tell Brussels to GET STUFFED.
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Various slowmotion crashes
Armstrong, "
Chinese Industrial output numbers were released today and show a growth rate of 5%. T
his is the lowest rate of growth in 17 years, showing the strain the U.S. trade tariffs are likely having on the Chinese economy.
A former Chinese central bank governor has warned that the trade war can cause financial chaos, "
Several years ago, the FED raised interest rates by 1/4 % This set off the Asian crisis,,,, which spread to Russia,,, brought down the Russian bond market,,,, brought LTCM. LTCM was so leveraged that it threatened to bring down the entire financial system. ALL the big banks ponied up $millions to save the system. Bear Stearns refused to contribute. 18 years later Bear Stearns was executed in the 2007 crash.
LTCM had 3 Nobel laureates on their board. These three assured the company that their strategy was so perfect, it couldn't lose money in twice the life of the universe.
BTW, Paul Krugman said that the internet would have no more effect on the economy than the FAX machine.
This Chinese GDP number includes ENORMOUS mountains of new debt added to the figures. Their exports are down,,, rail car loadings down, Imports, down BUT, they grew at 5%
Here is a topic that I posted before; Wealth-to-GDP
In America, this ratio has ALWAYS reverted to the mean. Will it do so this time around?
"Asset prices have grown much faster than GDP for many years but, in the very long run, one cannot outgrow the other. This is embedded in economic growth theory, which dictates that national income is shared between capital and labour in a certain way. The ratio is not exactly the same from country to country (it depends on the efficiency of capital), but in most countries about 2/3 of national income goes towards labour and 1/3 to capital."
So, will asset prices unwind?
"One implication of this is that wealth-to-GDP is also long term stable. In the US the mean over the last 150+ years is about 3.5x. At present wealth-to-GDP is 4.85x, suggesting that US wealth will fall dramatically in the years to come."
In Japan, the CB bought up more than 70% of exchange traded funds,,, along with tons of other assets. In the EU, Mario Draghi buys up whatever garbage nobody wants. It seems that; the CBs are trying to compensation for the deflation caused by falling wages and falling population with,,,, currency inflation.
Pox Americana are trying to shove expensive American natural gas down the throats of the EU. We are trying very hard to block the Nordstream pipeline. The Germans especially are very sick and tired of this. BUT, the EU needs to dollars to service dollar-denominated debt. The FED can hold them hostage for dollar liquidity. The EU is in the process of sidelining the U.S. dollar for energy imports.
You Canuks seem to spend very well compared to Yanks.
Hope that y'all like caribou burgers.
There are mountains of data proving that wages are static as prices go up.
"The median earnings for 25-year-old millennial men who have a high school degree or less are $29,000 a year, about $2,600 less than Gen Xers and about $10,000 less than baby boomers at the same age."
Now, you have the numbers.
"As you can see, U.S. financial markets have been rigged for at least three decades. But what do you expect in a fake money system where expediency takes priority? One expedient after another, year after year, decade after decade, has devised a system of chaos."
European Bank Stocks are down 80% since 2008 and are now back at levelsfirst reached in the 1980s.
All the conditions lend themselves to moving the battlefield off-planet. That restriction would last about 10 minutes and then, bombardment from Space would commence,,, AGAIN https://www.naturalnews.com/050816_T...taliation.html
They attacked the conservatives with absolute impunity,,,, think that they had absolute immunity.
The social justice warriors believe that; because their cause is noble, ANY means to destroy others is fair & honorable. The courts do NOT agree.
https://kunstler.com/cluster****-nat...rt/#more-10495'
The great recession was put on hold for the rich ONLY.
YES, we work. They need to keep us poor or NOTHING WOULD GET DONE.
MAGA, baby,,,, crash all those foreign CBs
15 years ago, America had 5 times the retail space per person as France had. We went broke.
The team found that the fertilizer industry results in 29 gigagrams of methane emissions a year. The EPA, however, reports this industry emitted only 0.2 gigagrams of methane a year
India may slap retaliatory tariffs on American goods ahead of Pompeo's visit next week
Let the bodies hit the floor.
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Bumps and bubbles everywhere
The FED controls dollar liquidity and, can shaft any State that does not follow U.S. policy. Pox Americana does not care what happens to non-Americans.
The non-Americans are making new arrangements to escape dollar hegemony.
https://sputniknews.com/business/201...-transactions/
Escaping the dollar also means escaping the American controlled IMF.
Meanwhile, the war hawks are trying to drum up a big war against Iran.
The countries that need Iranian oil.
"In any case, the oil weapon has proven to be an ineffective instrument in the past, for both producers and consumers. Both sides are always dependent on one another, with the producers needing the money and the consumers needing the fuel. "
Dubai (CNN Business)Asia's biggest economies are scrambling to find new sources of oil after the United States said it would no longer grant exemptions to sanctions on Iranian crude exports.
In other news;
French Billionaires Waffle On Notre Dame Rebuild As US Donors Foot The Bill
As I recall, Americans rescued the leaning tower of Pisa when it accelerated it's fall.
Bernie Plagiarizes Stalin With 'Economic Bill Of Rights'
You just can't guarantee a job for everyone. We spent the last 150 years inventing labor-saving devices.
As I've laid out many times before, the nature of the corporation is completely anti-human.
Ocasio criticizes Bezos for paying Amazon workers 'starvation wages'
So, the humans are complaining. Get more robots.
Entertainment; In the opening monologue on her Saturday night FOX News show, Jeanine Pirro railed against former FBI director James Comey, accusing him of running his own "crime family" and attempting to stage a "bloodless coup" against President Trump.
"They're not going quietly into the night, It will be a joy to watch," Pirro began in her opening segment Saturday evening. "Grab your popcorn, Junior Mints or whatever makes you happy. The real show is about to begin. This will be true reality TV. No scripts, no rehearsals, just a gang of criminals pointing fingers at each other to save their own hides. A version of true crime and the reality show Survivor. The deep state exposed."
There may be a robocop in your future.
Headlines;
Deutsche bank IS the bad bank.
Apr 17, 2019 - A derivatives book of $49 trillion notional puts Deutsche Bank
After a $354 Billion U.S. Bailout, Germany's Deutsche Bank Still Has big problems.
50 billion euro is chicken feed
It's not that simple.
Want to bet on that?
More Than 1 Million Americans Will Be Priced Out Of The Housing ...
https://www.forbes.com/.../more-than...d-out-of-the-h
You see that a lot in politicians.
Beijing claimed that they could extradite anybody they want from Hong Kong. Millions protested. Hong Kong controls a LOT of money.
Here is an excellent graph from a very good article.
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The speculative asset chase over the last decade, which is a direct result of Central Bank activity, has locked investors into a period of near zero prospective total returns in virtually in every asset class for the coming decade.
Read that again.
The 1999-2000 Dot.com bubble was about technology stocks. (7-Years to breakeven)
The 2007-2008 debacle was centered around real estate and subprime debt. (7-years to breakeven)
The 2020, or whenever it occurs, scenario will involve multiple bubbles in stocks, corporate debt, and real estate."
Every politician wants his tenure to be a great, rosy picture. They invariably expand the money supply. Each time, there is a pause / crash, the CB must blow an even bigger bubble to keep things growing.
Trump Warns of Epic Stock Market Crash If He's Not Re-Elected ...
https://www.bloomberg.com/.../trump-...-if-he-s-not-r...
2 days ago -
This game of musical fiscal chairs is coming to an end.
This article is all about trading strategies. But, if "wealth to GDP" has always reverted to the mean for the last 150 years, what are the chances?Comment
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Crash of agriculture and manufacturing
Not much to read,,,, a LOT to understand.
The sun is completely quiet. No sunspots,,, no coronal holes. Quiet as can be. At the same time, violent storms are blasting the globe. If you watch this vid from Suspicious Observers, Ben Davidson explains that much of our weather is caused by cosmic rays and other extra-solar energies. So, while the sun is quite weak, there are more extra-solar energies getting through. Our magnetosphere is continuing to weaken.
Crop destruction all over the world is increasing. Reportedly, we have thrashed Mother Nature quite soundly. Mother Nature is striking back.
The Fall Army Worm is eating up China.
China is going to have to cull 200 million swine to try to stop the spread of African Swine Fever. It's going to spread through much of Asia.
Much of the farmland in America won't be planted this season. I suspect that the wild weather will continue for quite some time. This bodes poorly for many countries.
Nobody wants to pay for a house that is appraised for less than what is owed.
"In a recent interview with AgWeb, the president and CEO of Hackett Financial Advisors, Shawn Hackett, explains why he thinks our civilization will have to come up with new ways of growing food over the next 5 years. "
Um,, guys,,, 5 years is NOT enough.
France has declared a state of disaster because of weather damage.
Here is a good vid explaining how the current model of farming is destroying the soil. The end result of intensive farming is; the food has no nutritional value because it is lacking in minerals.
Here is an EXCELLENT vid on the electrical circuits created in the body by the various mineral / ion exchanges.
Here is a brilliant video on angiogenesis. There are several "foods" that you can eat that will prevent the body from creating new blood vessels to send nutrients to cancer cells.
Hmm, back to the dotcom crash.
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FOFOA on gold,,, Libra coin,,,elusive bond buyers
I have to start out with a bit of politics.
GOP rep: Obama running 'shadow government' to undermine Trump .https://thehill.
Report: Obama climate change aides in shadow 'cabinet' to thwart Trtump
How Trump's 'War' On The 'Deep State' Is Leading To The Dismantling Of Government
There may be some truth in these statements. All retiring presidents leave D.C. Obummer didn't. It's also true that many of the deep state moles are obummer holdovers. The attempted coup that has angered and scared so many people was directly controlled by HRC and Barry. The buzzards are coming home to roost.
Here is Kunstler to give you his opinion. It is grim.
Remember that the markets run on confidence.
Here is a story 30 years in the making. It is a story about the niche that gold occupies. I'll do some excerpts but you should read the whole thing. Remember that gold is just a pet
rock. Remember that the CBs tried to get rid of gold many years ago. Keep in mind that the East won't let them do that. The CBs are loading up on gold.
FOFOA;
"They believe, we are entering a new monetary and financial system in which gold will displace the most conservative types of investments, those used by passive savers.
For A/FOA, gold is the master proxy for real wealth, meaning not money, but the actual wants and needs that contribute to our standard of living. That's real wealth, useful things, and gold is the useless proxyThis is where I have to differ.Like most things, it isn't that simple. Here is an article that lays out just who is buying U.S. Treasury debt. Keep in mind that that there is NO way to verify any part of the report. The report claims that foreign CBs ARE buying U.S. debt. Why not?? The FED credits them with a trainload of pixels and, they use those pixels to buy U.S. debt. One big confidence game to out last the competition..
This is too simplified. The dollar sin't going to rash in a vacuum. everything will go down.The landscape is getting pretty weird with all these coins.
FOFOA, "Most of the problems with the euro today, and criticisms of it, are actually effects of the current system, the dollar international monetary and financial system ($IMFS), the fishbowl in which even the euro swims today. Once it is free from the $IMFS, the euro will be money par excellence. The reason is mostly because of its management structure."
This is complete BS. The Euro can't possibly function for all these States unless they have a common debt market. This means shafting Germany hugely.
How can they use the word Value?
Yep,,, for sure. We've been hearing that for 10 years now.
I'm sure that there is no connection.
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PCR, Armstrong, Ron Paul, neocons
Things are certainly getting more complex. Maybe you can make heads & tails out of it. I'm not sure of very much.
Here is a good article from Automatic Earth talking about completely getting rid of the Central Banks.
The CBs are a convenient target. BUT, it was U.S. GOV that forced the CB to buy war bonds. The CBs have completely distorted the economy. Much of this has been done to rescue the private banks. Much of this has been done to preserve employment at zombie companies. MUCH of this has been done to finance wars in MENA. Volker was lauded as a very good Central Banker. Paul Volker is a Presbyterian,,,, unlike all the CB heads that came after him.
The neocons dragged us into war with Iraq.
In the final analysis, I believe that the FED was a willing party to the inflation that was necessary for Pox Americana,,,, under the guidance of the neocons, to attack all these States and, bankrupt America. Everything that Eisenhower had warned about came to pass. The U.S.S.R was bound to collapse on it's own. There was NO need for America to re-arm after WW-II. Korea and Viet-Nam were just wars of choice to make the arms dealers rich.
Naturally, we're being set up again.
"LA spent nearly $620 million in tax dollars last year to address the issue, and yet the number of homeless people increased by 16%, reaching nearly 60,000 people."
The GOV is pumping money into zombies to keep people employed. Public debt is going up astronomically. Still not enough.
The trucking industry is taking a big hit.
Ron Paul talks about the FED.
Here is a good article, " The last time that recession odds were the same as they are now was in July 2007, which was just five months before the Great Recession officially started in December 2007. J"
The feces-for-brains in the management at Boeing cut too many corners on engineering. They wanted to save a buck. That turned out to be a bad idea.
Putin says Western sanctions cost Russia $50 B, EU $240 B
Ah yes, climbing over the bodies of our friends and allies.
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POSSIBLY, some time in the future, we will discover that population deflation brings economic deflation.
China had a 1-child program. Parents drowned their baby daughters. Now, China has come up short 33 million women. Is that how many were drowned?
In Oregon, GOV Brown is trying to shove Cap & Trade down the throats of Oregonians. It will destroy the economy. Republicans want the measure put on the ballot for a vote. The GOV says NO!. She is sending out the State police to round up the Republicans to create a quorum. They have had to flee the State.
Here are a couple of titles from Youtube.
13:59 How fear of nuclear power is hurting the environment | Michael Shellenberger
TED 276K views 2 years ago
13:47 We need nuclear power to solve climate change | Joe Lassiter TED 107K views 2 years ago
After the meltdowns at; Chatsworth, Three Mile Island, Chernobyl, Fukushima, et al, close meltdowns at other reactors, The nuke power industry has a BIG PR problem.
Voila! bring in global warming. Make carbon power much more expensive. Make carbon power an environmental nightmare.
For the most part, global warming is just a product of the nuke power industry.
Cap & Trade is a scheme from the nuke industry. GOV Brown has swallowed the whole thing.
There are more people not in the labor force than there were in the 2008 crash
The price of gold does respond to things like war. For the most part, the price of gold stays the same. It is the value of the currency that is reflected in the "price" of gold.
Armstrong, "Draghi has come out and said that is inflation will not pick up, he will do even more Quantitative Easing. I has warned that the central banks, particularly the ECB, are trapped. They simply cannot return to any normal economic model without blowing up the entire Eurozone. This is becoming extremely serious. The only option for governments will be to adopt the Modern Monetary Theory for it has become impossible for central banks to use interest rates to stimulate the economy"
MAYBE it has something to do with a falling birth rate.
The CBs are trying to make up for population deflation and wage deflation. They printed up an extra $250 trillion to save the rich bankers. Yep, they are definitely trapped.
Armstrong, "I have come to understand Thrasymachus who observed that it did not matter what form of government we lived under, JUSTICE is always defined as the self-interest of government. Once I looked at his observation, it became crystal clear that it also did not apply to merely government, but all aspects of any group that seized power under a variety of labels including religion."
"The target date is rapidly approaching. Indeed, we have nearly a year to understand what is taking place.
Make no mistake about it. The majority of the youth in Iran do NOT support the current government in Iran. This also raises the stakes for the current religious regime in Ira will gradually lose power as attitudes change among the younger generations. To this inevitability, Iran becomes a greater risk for starting a war of they face the loss of power and a potential internal revolution. "
Trump is no dummy.
CENTCOM said that the drone was shot down in international waters. The NEOCONS need for him and us to believe this. Trump will take his time until we know where it actually was. This is the last thing that the war hawks want. Bomb NOW, figure out the details later.Comment
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Insurrection in Oregon
Cap & Trade is just a scheme to cut down opposition to nuke power. Oregon GOV Brown is forcing it on the people. The people are NOT going for this BS.
Militia threats prompt shutdown at Oregon capitol - The Washington Post
https://www.washingtonpost.com/.../t...gon-capitol-da...
10 hours ago -
Armed Militias Pledge to Fight for Fugitive Oregon GOP Lawmakers 'At ...
https://www.thedailybeast.com/armed-...tive-oregon-go...
17 hours ago - Mint Images. Right-wing militia groups across the Pacific Northwest are mobilizing to prevent Oregon state police from arresting Republican state senators who went into hiding on Thursday in order to prevent climate change legislation from passing.
This isn't just Oregon. they have lost a big part of their jobs previously because of the "Spotted Owl".
The militias up there are a force to be reconned with.
Western Rifle Shooters Association: Vanderboegh: The Six Apostles
Oath Keepers Warn Feds Not to "Waco" Oregon Occupation -- or there ...
https://thefreethoughtproject.comComment
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Iran,,, solar & nuke,,,crypto,,,gold,,,bond markets
Saudi intel chief lobbies UK to attack Iran after Trump US cancellation - Official
US Believes Iran Must Be Prevented From Using Allies to Attack Saudi Arabia - Envoy
Those insane Wahabbists in Saudi want to attack Iran just because of religious differences. Iran has no interest whatsoever in attacking Saudi Arabia.
Trump must retaliate against Iran to deter China, Russia and N Korea Says Dimwit Top GOP Rep
Yep, cut off 80% of the oil to the West and, THAT will teach a lesson to China.
FNC Calls Trump Weak on Iran, Will Display Pro-Impeachment Ads On Their Network
Chris Wallace Invokes Deep-State Hero Obama To Criticize Trump On Iran
Yep, we Americans DEMAND a war,,, any war.
'Fire on Iran And The US will be opening gates of hell'...George Galloway in video address
Trump Says He Doesn't Want War With Iran..'There Will Be Obliteration'
US Wants To Avoid 'Unwinnable' War With Iran Says Former Pentagon Advisor
A lost drone is no justification for war with Iran ...even for Trump's squawking hawks
Trump is no dummy. He can plainly see that the Saudis and israelies are trying to stampede him into a war that would kill a few hundred million when all the oil stopped lowing. "errors in the labelling" That's it right there. The hawks lose all credibility. Trump is shrewd and, he doesn't like being led around by the nose. Next time that the israeli / saudi coalition bombs a tanker,,, or whatever, Trump will PAUSE. The israeli / saudi coalition attacked a Japanese tanker WHILE the Japanese PM was visiting Iran.
Russia Will Help Iran With Oil, Banking If Europe's SPV Payment Channel Not Launched
The SPV is an alternative to SWIFT. This is a dagger in the back for dollar / American dominance.
Whistleblower Who Warned About False Flag Attacks to Justify US Invasion of Iran Found Dead And His YouTube Channel Removed
Nothing to see here,,, move along.
A former Arkansas state senator, Linda Collins-Smith was found murdered in her home last week in Pocahontas, Arkansas. According to reports, Collins-Smith was closing in on a child trafficking ring which was being run by the Arkansas government.
Nothing to see here. Move along.
Apparently, the State is getting more worried about crypto coins.
Can't let them compete with the dollar' - Maxine Waters blasts Facebook's cryptocurrency
With Libra Launch, Is Facebook Trying To Become A Virtual Country?
The BIG thing wrong with gold is; it pays no interest or dividends.
https://finance.yahoo
So you see that the State must inflate the markets to keep returns higher than the gains in gold / losses to currency debasement. Stocks nominally depend on earnings and returns. With the economy shrinking, all the nominal gains in stocks are due to buybacks. It's called "eating your seed corn".
More spent on S&P 500 buybacks than all 2018 R&D - Axios
NO, NO, NO, we must have nuke power, no matter the cost.
For the needed 15 terrawatts
" If nuclear stations need to be replaced every 50 years on average, then with 15,000 nuclear power stations, one station would need to be built and another decommissioned somewhere in the world every day. Currently, it takes 6-12 years to build a nuclear station, and up to 20 years to decommission one, making this rate of replacement unrealistic."
California has a new anti-crime program.
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Price inflation,,, central planners,,,neofeudalism
Shadowstats;
The CPI chart on the home page reflects our estimate of inflation for today as if it were calculated the same way it was in 1990. The CPI on the Alternate Data Series tab here reflects the CPI as if it were calculated using the methodologies in place in 1980. In general terms, methodological shifts in government reporting have depressed reported inflation, moving the concept of the CPI away from being a measure of the cost of living needed to maintain a constant standard of living. "
Remember that Shadowstats still uses GOV imputs. Price inflation recently has been running at about 6%.... using the old methodology. A 6% interest rate nowdays is practically unheard of.
All the money renters who are collecting less than 6% are losing. with $13 trillion in NIRP, a lot of people are losing a lot of money.
Sven Henrich, "It's amazing what one can do in 10 years with $4T in QE, $6T in corporate debt/buybacks, $12T in new government debt and the weakest rate hike cycle in history, off of zero bound no less.
By all means let's celebrate this accomplishment of free market economic"
Everybody is trying to print their way out of the problems of AUTOMATION.
There are just too many things that have changed for the status quo to continue to work as before. The Council on Foreign Relations U.S. Treasuries, preventing drastic fluctuations in its value unlike well-known cryptocurrency Bitcoin. The currency will be governed by the Libra Association, an independent, non-profit membership organization including companies such as Mastercard, PayPal, Uber, and Spotify. Users will acquire the cryptocurrency through Facebook subsidiary Calibra upon presenting government identification, "
Keep in mind that Armstrong said that all sovereign debt
(Treasury) will blow up. "Backed by multiple currencies" The printing presses are soon to be cranked up to 11.
Charles Huge Smith;
" Indeed, it can be argued that it was not until the 1600s and 1700s--and only in the northern European strongholds of commoners' rights, The Netherlands and England--that the rights of ownership and political influence enjoyed by commoners in the Roman Empire were matched.
It can even be argued that the rights of Roman citizenship granted to every resident of the late Empire were only matched in the 19th and 20th centuries."
" There are two points worth discussing. One is the acceleration of change; what took 300 years now takes 30, or perhaps less.
The second is the slow erosion of commoners' self-rule and ownership of meaningful, productive capital.
This gradual, almost imperceptible erosion is what I call neofeudalism, a process of transferring political and economic power from commoners to a new Financial Aristocracy/Nobility."
"The capital and managerial expertise required to launch and grow a legal enterprise is extraordinarily high, which is at least partly why a nation of self-employed farmers, shopkeepers, artisans and traders is now a nation of employees of government and large corporations."
As for political influence: a recent study found that voters had very little power in the U.S., which is effectively an oligarchy: Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens.
Summary: "The U.S. government does not represent the interests of the majority of the country's citizens, but is instead ruled by those of the rich and powerful, a new study from Princeton and Northwestern universities has concluded."
Neofeudalism is not a re-run of feudalism. It's a new and improved, state-corporate version of indentured servitude. "
VERY good article.
oftwominds-Charles Hugh Smith: The Lessons of Rome: Our Neofeudal Oligarchy
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Replacement immigration
Is 'welfare' the highest paying entry-level job in 35 states? Read the ...
https://www.washingtonpost.com/.../i...level-job-in-3Replacement Migration - Census Shows Texas Adding 9 New Hispanics For Every White Resident
Expert - It's 'Only Matter of Time Before Illegal Alien Voting Is Expanded'
American Citizens Now Face Up To $500 'SpeedingTickets' For Riding BICYCLES Over 15 MPH
From the looney file;
So, what happens to the many millions of people, including immigrants, when GOV debt collapses?Comment
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So, while it might be interesting to argue with Armstrong's forecasts, you would have to ignore an extremely good track history.
Armstrong on universal basic income.
The idea of some Universal Basic Income has been around for a long time. Here is Milton Friedman on his proposal of a Negative Income Tax. There will always be welfare for there are people who cannot work for some disability and others who prefer not to work and game the system. Even programs where the state directly pays for the food rather than food stamps or restricts the food stamps to certain products, the ingenuity of some people cannot be underestimated. They will sell the products they get for cash.
NO MENTION at all of millions of people who no longer have a job niche.
Armstrong is calling for a LOT of future price inflation. I suppose that all that monetary inflation to save the money renters will bleed over even faster into the lower loop. "They" are calling for big price increases. The many millions of people in the lower loop who do not have investments in the bloated markets are experiencing a fall in purchasing power. Yes, I have no doubt that we will have increasing price inflation. This will cause a corresponding fall in consumption.
Coin wars
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