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  • Flat tires on the business cycle

    Zero Hedge;
    Hedge Fund CIO: There’s So Much Going Wrong, So Many Manipulations, That I Don’t Trust Anything Right Now
    "Now they’re restarting QE while assuring us it’s anything but QE – and no one can afford to miss another leg higher."
    Ah yes, the constant battle between fear & greed.
    Punishing Savings Through Inflation Is One Of The Greatest Crimes In Human History
    "The Fed's 2% inflation targeting seems 'normal' these days but it is really a stealth tax on savings with no empirical basis for it whatsoever."
    ONLY the jewish central bankers have endorsed the 2% inflation target. Paul Volker, a Presbyterian central banker judged that there was NO JUSTIFICATION at all for it. So, the jewish central bankers endorsed the target to finance the jewish-owned banks. "They" increased the money supply by about 6% a year to get 2% inflation. Actually, it is higher than 2%.

    France: More Death To Free Speech
    "Defending someone who is accused of being a 'racist' implies the risk of being accused of being a 'racist' too. Intellectual terror reigns in France..."
    The French are protesting the poverty brought on by their Central Bank. THAT particular cause has been submerged out of the discussion.

    $35 Billion: UK Faces Huge Loss From Electric Vehicle Adoption
    "The UK’s mission to switch over to EVs and renewable energy by 2050 represents “a huge long-run fiscal challenge”
    Calpers, the huge California state retirement fund mandated that it invest in "green" projects. They lost big-time on them.
    Futures Tumble, Stocks Slide As China Wants More Talks Before Signing "Phase One" Trade Deal
    "We are back to trade deal groundhog day."
    G7 Panics, Says "Global Stablecoins" Pose Threat To Financial Stability
    "...the introduction of 'global stablecoins' could pose a host of challenges to the regulatory community, not least because they have the potential to become systemically important... include challenges for financial stability""
    When it gets right down to it, the State doesn't want any crypto except STATE crypto.

    Armstrong, "We are in a position where there is a crisis on the horizon and we will see a hard landing outside the USA. The impact of a European banking crisis can send the dollar significantly higher. The risks for accounts will be in Europe, for there are no bailout policies"
    Taking into account Armstrong's prediction of a world economic collapse on Jan 18, 2020, we can assume that European banks will close some time close to the second quarter.

    Armstrong, "ANSWER: The original theory was to smooth out the business cycle. The political governments turned to the central banks and argued that they were responsible for the money supply. Therefore, it was allegedly their duty to control inflation irrespective of the spending of politicians. This was an inconvenient economic truth.

    The problem is that the ONLY theory they have is the Keynesian Model. They really have no other theory to rely on. So they keep lowering rates, hoping to stimulate demand and are oblivious to the economic reality that the political side is hunting taxes and becoming more aggressive in tax enforcement."
    Armstrong appears oblivious to the fact that off-shoring, automation and falling wages have diminished demand.
    "They will pray at the foot of their bed before each night that their theory will somehow work. That is not going to happen or prevent anything. We must experience the pain before they would EVER consider any reform."
    "Reform" to Armstrong implies that the State leave private enterprise completely uncontrolled. U.S. GOV spends 24% of the GDP. Imagine what will happen when State finance goes bust and, this spending stops. Armstrong just does not see UBI coming down the tracks.

    QE4 'Not A QE' Begins - Fed Starts Buying $60 BillionIn Bills Per Month Beginning Next Week
    QE Renamed To 'Reserve Management' !

    "Formerly known as Hong Kong Shanghai Bank Corporation, HSBC has served as the world’s #1 drug money laundry since its inception as a repository for British Crown opium proceeds accrued during the Chinese Opium Wars. During the Vietnam War HSBC laundered CIA heroin proceeds."
    "Deak & Company was the major gold dealer in Hong Kong and its operations were crucial to the CIA guns for heroin trade. Founded by OSS operative Nicholas Deak, it became the largest currency and gold trader in the US after WWII. Deak financed CIA adventures in Vietnam, the Mossadegh coup in Iran and the CIA’s assassination of nationalist Prime Minister Patrice Lumumba in the Congo. "

    U.S. GOV assures us that there is a terrorist behind every rock. NOW, they assure us that the MAIN terrorist IS a rock.

    The council on Foreign Relations (CFR) has produced a very intimately filmed video of a 2018 get together of all the major players in the 2008 crash.
    They seem to have left out a few facts.
    In 2004, U.S. GOV mandated that the banks MUST give loans to people who did not qualify. The banks very fined if they did NOT approve loans to people who could NOT pay them back. Sub-prime borrowers defaulted on sub-prime loans.
    The biggest shock to the system was the collapse of Lehman Bros. The Treasury Secretary at the time was straight out of Goldman Sachs. When the banks got into trouble, the secretary of the treasury orchestrated the execution of Lehman Bros.

    When the Russian bond collapse brought down Long Term Capital Management, the banks all ponied up money to save the wider system from systemic collapse.. Bear Stearns refused to contribute. In the aftermath of the 2008 collapse, Bear Stearns was also executed.


    • That Dave guy from the x22 report is for people like me who are not
      sure about all of the complexities of the ever changing trends according
      to the lame stream news.

      Dave basically says the same thing every time just like you say the same
      thing every time. You report on many interesting things from A-Z from
      Wall street to the next financial suicide and Dave keeps saying
      "IT LOOKS LIKE" sorta like predicting the weather I guess.

      Dave has been saying that this system is going down while the new one
      building up is taking over based on GOLD. I have you both to review and
      am looking for a third guy who makes good sense.


      • Gold and FOFOA

        Mikey, I can't give you the name of a good candidate for a third guy. I've been reading everybody for 14 years now. I read different people for different subjects.
        If you want to read the definitive history of gold, there is;
        Friend of Another (FOA)
        Friend of friend of Another (FOFOA)
        FOFOA is now behind a paywall.

        FOFOA: January 2014

        This is the exhaustive analysis of gold backing in the West.


        • Okay sounds good oh and excuse me if I am not as breathless as
          say people in the know cause I ain't. In fact economics was so
          boring to me back in the 70's When gold bellied up I went fishing
          instead. Back then I was still pedaling a 20" bike to deliver news papers
          to keep in tip top physical condition. I can remember the big noise made
          over Gold going up AND down. This might have been 70-71 I think it
          was. Wasn't it about 385?

          Since then we have come a long way. The form of govt we have been
          exposed to in out lifetime is call futilism. This means no matter what
          you do, yer screwed. This form of govt is being exposed and will gradually
          be replaced.

          Nothing stated in the 70's came true, just like the 80's, 90's well you
          get the idea.


          • Equality vs equal opportunity

            Squeezed for time this morning. The U.S. constitution tries to guarantee us "freedom for the pursuit of happiness. "
            There is no guarantee of happiness, NOR equality. We are born with vastly different abilities. The Left tries to legislate equality. With $25 trillion mis-spent on the war on poverty, all the Left has to show for it is destroyed societies in various cities.
            People with great natural talent and great motivation are more likely to rise to the top. The Left can't stand this and, demands that they be taxed exorbitantly to make up for inequality.
            Bernie sanders wants a 97% tax,,, or something like that.

            The answer is NOT taxing the snot out of the rich. Much of our problems were created by the constant currency inflation that outran wage inflation. Most of this gets back to regulatory capture. Greenspan said that we needed to get rid of Glass-Steagal to make American banks to better compete with European banks. He and slick willy gave us the Graham-Leach-Bliley act that gave all our money to the bankers so that they could speculate on everything and, front-run everything that we needed to buy.

            This is a comprehensive article about how Wall Street destroyed capitalism. It doesn't mention regulatory capture.





              • REPO and LIBOR problems indicate big liquidity problems in the banks

                As the magnetosphere gets weaker, more and more solar flux / particle storm gets through. This flux directly affects the brain and heart. but, solar cycle 25 has only started. The wacky news just gets whackier. A couple hundred years ago, Cardinal Malachi made a list of all the future popes, though not by name,,, by characteristics. The current pope is the LAST on the list.
                Lisa Havens reports that the current pope wants to make an interfaith center combining all the Abrahamic religions.
                The articles on the right hand column might be interesting.

                WIDE reading suggests that the banks have run out of money. Repo locked up because they did not have money to loan. LIBOR also has a problem.

                1. GDP hasn’t grown in more than a decade as calculated on a debt-adjusted basis using a realistic deflator.
                2. Average real household income has stagnated to the point that families increasingly can’t afford kids. Canada must rely on immigration for growth.
                3. Governments—through interest rate suppression —are providing vast hidden subsidies for special interest groups ranging from the fossil fuel and automotive industries to cattle production and real estate development. This is spurring environmental despoliation that free markets would stop cold.
                4. Canadian system debts (public, private, household and financial) according to Statistics Canada hit $8.3 trillion at the end of Q2 2019, up 45% since Poloz took office six years ago. That works out to nearly $1 million in debt for each Canadian under the age of 19.

                Illinois Red-Light Cameras Have Collected More Than $1B From Drivers Since 2008
                US Money Supply Suddenly Surges - Bouncing From A 12-Year Low

                There's an election coming.
                "Complete Demise" - Neil Woodford's Flagship Equity Fund To Be Liquidated
                "We have seen the complete demise of the most famous fund manager the U.K. has seen for years."
                IMF Forecasts "Synchronized Global Slowdown" - Weakest Growth 'Since Lehman'
                Panic Behind The Scenes: China's Capital Outflows Are Soaring

                Maybe they shouldn't have messed with Hong Kong.
                Futures, Yuan Slide As China Threatens Retaliation Over US House Bill On Hong Kong

                China Pork Prices "Will Continue To Rise Sharply", Analysts
                "Every week it's a new record."
                China is unfolding an Orwellian crackdown at the same time that food prices are rising.
                Historic Midwest Blizzard Has Farmers Seeing "Massive Crop Losses...As Devastating As We've Ever Seen"
                "An unprecedented October blizzard that hit just before harvest time has absolutely devastated farms all across the U.S. heartland. "
                Is it HAARP or, is it Memorex?
                The Economic Collapse
                So have American farmers been blasted by HAARP to make the food situtaion in China that much worse?
                Investors Panic-Sell Saudi Stocks As Bear Market Erupts
                Saudi is going broke FAST.

                From the Left;
                Waffling Warren Confirms Gender-Reassignment Surgery Is Now A Right
                Pedophile Who Assaulted Nearly 200 Kids Stabbed To Death In Prison

                I'll bet that was quite painful. The cons really detest child molesters.
                Hillary Clinton Says It May Take Her 'More Time' To Grasp Person With Penis Can Identify As Woman
                Twitter Paves Way For Trump Ban With New Content Rules For World Leaders
                Just in time for election season...

                "Governments can do whatever they desire. We have no recourse against governments. No private company could act in such a manner. This is one primary reason why I believe governments should be prohibited from borrowing. People are fools for buying their paper and always expecting that this time will be different."

                "You repeatedly say that Socialism is dying. I live in a rural area of Oregon. As a personal observation, what I see around here is that more people, and especially the younger, are indeed moving TOWARD Socialism. The influence of the media is so strong that even people we know who advocate gun rights and the Constitution are willing to give up both to see Trump out of office and love the Bernie rhetoric of free everything."
                "ANSWER: Socialism is dying because other people’s money is running out. Yes, we see that socialism is rising in its extreme actions from climate change being usurped to justify the confiscation of wealth and control of the economy."
                "This is the final rally of socialism before the crash. It is more akin to the final Phase Transition of a market as it makes its fatal high like the Bubble, 1929, or Tokyo 1989.

                So do not confuse the rise in the outward demands of socialism. We are running out of other people’s money and the unfunded promises will reach $400 trillion by 2032. There is no possible way to fund that without a crash & burn."
                "We are in the collapse of government and the socialistic promises since World War II are all coming due. Economically, this is a battle to the end. The left wants to confiscate all the wealth of the right. This is the end of the purpose of civilization and the beginning of pure tyranny."
                Armstrong definitely turns a blind eye to the effects of automation.

                A good article on failed banks.
                The Ghosts of Failed Banks Have Returned - Alasdair Macleod (10/15/2019) -

                Socialism is the great de-motivator. Every economy that it seeps into becomes moribund. Social security was supposed to support people after their working years were over.
                As automation took over, fewer and fewer people were qualified for the remaining jobs.

                How many people have never worked in their lives? - Full Fact
       › economy › how-many-people-have-never-worked-the...

                Feb 11, 2013 - As it was revealed that 4 million people in Britain have never worked in their lives, today's headlines accused Britons of idleness. But how many ...
                If nearly 40% of Americans aren't working, what are they doing ...
       › if-nearly-40-of-americans-arent-working-what-are-they-d...

                Oct 13, 2015 - The most recent US jobs numbers masked a dark story. Unemployment held steady at 5.1%, but only 59.2% of Americans have a job.

                44 million receive direct government assistance. 51% receive a check from GOV. So, what happens when the sovereign bond market collapses? The banks are already in deep trouble.
                Last edited by Danny B; 10-17-2019, 02:43 PM.


                • THE RIGGED CENTRAL BANK



                  • Derivatives, NIRP,,, liquidity pumping

                    "They" are working overtime to ensure that nobody loses confidence in the banks. The banks are strained for liquidity. Here are a few headlines.
                    Wall Street’s Mega Banks Report Earnings Today, Capping the Craziest Banking Era in U.S. History
                    News Articles on the Fed’s Secret Trillions in Loans to Wall Street During the Last Crisis Have Been Purged from Bloomberg News
                    Two Investment Banks Eligible for Today’s Fed Loans Got Over $2 Trillion from the NY Fed in the Last Crisis
                    In the Midst of a Liquidity Crisis, the Fed Rolls Back Liquidity Requirements at Banks

                    Where Are the Hundreds of Billions in Loans from the Fed Actually Going on Wall Street? Fed’s Powell Admits a Bigger Bailout for Wall Street Is Coming; Fed’s Balance Sheet Ballooned by $176 Billion Since September
                    Fed Says It Will Offer $310 Billion More in Term Loans to Wall Street as Over 68,000 Job Cuts Planned at Mega Banks
                    There’s Nothing Normal About the Fed Pumping Hundreds of Billions Weekly to Unnamed Banks on Wall Street: “Somebody’s Got a Problem”
                    Derivative Risks Rising: Sell-Off in Interconnected Mega Banks and Insurers
                    Mega Banks and Insurers
                    JPMorgan Chase Has a Pattern of Criminality; Now Wall Street Is Pointing to the Bank as a Cause of the Fed’s Emergency Loans
                    The Fed Is Offering $100 Billion a Day in Emergency Loans to Unnamed Banks and Congress Is Not Curious Enough to Hold a Hearing
                    Wall Street Bank Stocks Closed in a Sea of Red Yesterday as Fed Pumps in Another $105 Billion of Liquidity to Manage
                    The Fed Intervened in Overnight Lending for First Time Since the Crash. Why It Matters to You.
                    Malaysia Indicts 17 of the “Untouchables” at Goldman Sachs
                    Yesterday’s Market Plunge Shines Harsh Light on Big Banks and their Derivative Counterparties


                    Interest rate swaps and corporate default - European Central Bank
                    As interest rates crash, there are many $trillions of interest-rate-derivatives. Great mountains of liquidity are disappearing into Wall Street banks to satisfy demands from counter-parties to interest rate derivatives.
                    "Fed Is Offering $100 Billion a Day in Emergency Loans"
                    I see lots of articles asking where the money is going. I don't see anyone directly reporting that all this liquidity is issued to rescue swaps that are being wiped out by low interest rates.
                    Reportedly, NIRP is coming to America to stimulate the economy. All of this is pumped into the upper loop and won't help consumption. At the same time, NIRP plays havoc with $trillions in derivatives.
                    10/15 Sub-zero interest rates could be problematic in U.S.: Fed’s Bullard – Reuters
                    "Congress Is Not Curious Enough to Hold a Hearing"
                    There is NO MYSTERY about this. The FED needs to pump in $trillions to keep the derivative market from imploding.
                    There is an election coming.

                    10/16 China unexpectedly injects $28 billion of cash as growth slows – Bloomberg
                    Capital flight is taking out more than that.
                    10/16 “Worst slump in a generation”: China auto sales continue historic collapse – ZH


                    • The values of money

                      Here is a must-read article about the subjective value of money vs the objective value of money. Keep in mind that; when gold was used for money, it had intrinsic value. Money today is just information.
                      Like all information, it is widely susceptible to corruption.


                      • Warfare-welfare has destroyed the currencies once again

                        The previous article shows that; any freely accepted "money" must have a long history of wide acceptance. Fiat currencies are accepted at the point of a State-held gun. Latin and European currencies have been regularly cancelled. The dollar has not. Great Depression one was caused by runaway currency inflation caused by the FED. There was just not enough money circulating when the credit bubble collapsed. Roosevelt devalued the dollar from $20 to $35 and ounce to free up currency printing to support the general public. Gold-backing had locked up the amount of currency in circulation.
                        When Nixon closed the gold window, this cut loose the chains on the printing presses so that currency could be wildly expanded. Closing the gold window was forced on him by the previous creation of the welfare-warfare State.
                        With the closure of the gold window, wars and welfare could be expanded almost without limitation.

                        The bankers always farored a flexible currency. They needed this flexibility so that they could always be first in line for new money. This new money + your savings were used to speculate in everything. They bought up everything that you needed. At the same time, the State needed a flexible currency to pay for programs needed by various politicians to buy votes.
                        Post WW II, the war industries had no intention of fading away. They got various wars going on the flimsiest excuses. The emerging State of israel got lots of foreign aid and used it wisely. They invested in buying the U.S. congress to ensure unending wars against all of their neighbors. 78 members of congress are israelis with dual citizenship. Their elections were paid for by 3 American, jewish billionaires.
                        Currency expansion reached enormous levels to finance a warfare-welfare State that had reached enormous proportions.

                        The fact that America had never cancelled it's currency attracted people to dollar investments. The fact that America was less socialist than Europe attracted capital to U.S. investments. The fact that America was nowhere near as authoritarian as China attracts investments. There is worldwide capital flight to the dollar zone because the U.S. dollar has the longest running stability.
                        At the same time, there is a growing recognition that the world must pull away from the U.S. dollar if it wants monetary independence from the district of corruption.
                        The R.O.W. prefers a return to gold.

                        The paper-gold price is maintained by the COMES, LBMA and, the bullion banks. The State doesn't want any alternative stores of value outside it's fiat currency. The State goes along with the suppression of the price of gold. The DOJ attack on gold manipulators at J.P. Morgan signals a whole new approach.


                        • Mixed mess

                          "China's growth dropped last quarter to its lowest level in nearly three decades,
                          China's gross domestic product grew by 6% in the three months to September 30, the weakest quarterly growth rate since 1992"
                          This comes from CNN so, of course you can believe it.
                          Armsdtrong, "There is some concern over the latest figures of Chinese unemployment, which shows that 10.97 million new jobs were created. This is very close to the full-year government target of 11 million. US President Trump often bashes China and suggests that the trade war is costing them dearly, with more than “3 million jobs” lost, however, the current figures do not show such a loss which brings to question whether the government figures are accurate or not."
                          Office Vacancies In China Hit Decade High Amid Economic Turmoil 20%

                          China Bans Exports Of Black Clothing To Hong Kong Amid Escalating Social Unrest
                          That will definitely fix the problem,
                          10/12 Median home prices unaffordable for 3/4 of average wage earners – The Day
                          10/18 US imposes tariffs on EU goods, targeting Airbus, wine and whisky – SG

                          Nobody wants the 737 so, we tax the snot out of the Airbus.
                          10/17 Fed injects $104.2bn via overnight, term repos one day after start of “not a QE” – ZH
                          10/17 The Fed’s plan for “stealth QE” isn’t fooling anyone – Birch Gold

                          As long as the banks get the money, they don't care.
                          This is a long detailed article about retirement on Britain.

                          Trump Beats GOP Competitors At Fundraising 194-1
                          The donors just can't stomach Pocahontas or Cortez
                          Despite Ruthless FB Censorship, Zuck Claims He's 'Not Comfortable Being Arbiter Of Free Speech"
                          Somebody whispered in his ear that BAD things just might happen to him if he shut off Trumps' Twitter account.
                          US Slaps EU With Record $7.5 Billion Tariffs
                          MAGA baby !

                          Lebanon Cancels Tax On WhatsApp Calls In Wake Of Mass Protests - Comm Minister
                          Lebanon's 'tax Intifada': Beirut Aflame As Protesters Call For 'downfall Of The Regime' - Vid

                          Something like that could really get out of hand. Don't mess with their apps.
                          'WhatsApp Revolution' Protests In Lebanon Turn Violent With Fires, Road Blocks; Multiple Dead & Wounded

                          Venezuela Ready To Hand Control Of State Oil Company To Russia's Rosneft
                          More oil than Saudi Arabia, but, completely mismanaged.
                          Missing money
                          Two Investment Banks Eligible For Today's Fed Loans Got Over $2 Trillion From The NY Fed In The Last Crisis
                          Remember that money is only information.

                          The IMF is going to double-down on inflationary policies that have always failed.
                          Singapore has banned fake news,,,,, any news that disturbs tranquillity.

                          'Peace-Expert' George W Bush Says "Isolationism" Is Dangerous To Peace
                          By all means,,, get the big wars going again.
                          Why Has There Been A 56% Increase In Suicide Among Young Americans In Just 10 Years?
                          "Today, our society offers more ways to entertain ourselves than ever before, but it offers very little hope..."

                          Trump Campaign To Sue CNN For "Substantial Payment" After Project Veritas Undercover Exposé
                          America's Road Map To $40 Trillion National Debt By 2028

                          With MMT, it won't be debt at all.
                          Military Police Deployed As 500,000 Catalan Independence Protesters Shut Down Barcelona
                          The long-standing plan to flood Europe with immigrants (Kalergi Plan) is a necessity to keep Tribal uprisings like this from ever happening. 1/2 million Catalonians are a force that the Spaniards just can't reckon with.

                          "Complicated Web Of Payments Behind Hunter Biden's $700K Ukraine, China Dealings Untangled"
                          what a tangled web we weave when we practice to deceive
                          Canadian Central Bank Exploring Digital Currency To Better "Track People's Spending Habits"
                          Of course, this has nothing to do with taxing.
                          770,000 Indexes Just Died, But There's Still 2.96 Million Left
                          For The First Time Since The Crisis, Companies Spent More On Buybacks And Dividends Than They Earned...

                          Trump Boasts The US "Has Secured The Oil" In Syria
                          Trump and Putin arranged to put Russians between Erdogan and Assad. This was the only way to keep the israeli warmongers in congress from knocking Syria back to the stone age. When Syria was REALLY down a few years ago, Tel Aviv claimed that Syria no longer existed and, israel was just going to waltz in there and completely annex the Golan with all the water and oil there,,,, belonging to israel.
                          A couple years ago, Trump refused to attack ISIS and, he allowed Assad to retake territory lost to ISIS. This was Trump's big debut in MENA. This was the start of his war to end wars. Putin is completely on-board. Russia has all the oil they could ever need. He doesn't need Syria's oil.
                          Yes, the oil is secured for Syria. Presumably, Assad will rebuild using American men and materials. Meanwhile, Erdogan is stewing in Ankara. The Syrian Kurds have joined up with Assad for survival. Only the Russians stand between them and, Turkish vengeance.
                          As stupid as Erdogan is, he wouldn't dare attack Russia.
                          A few years ago, Erdogan shot down a Russian pilot. He was made to REALLY regret this. A newspaper columnist in Constantinople wrote. "If you dance with the Great Bear, it will be the bear who decides when the dance is over".

                          Kunstler writes about the absolute mendacity of the intel agencies.
                          "Perhaps you can see why unleashing the CIA, NSA, and the FBI on political enemies by Mr. Obama and his cohorts has become such a disaster. When that scheme blew up, the intel community went to the mattresses, as the saying goes in Mafia legend and lore. The “company” found itself at existential risk."
                          "As for the FBI, only an exceptional species of ineptitude explains the trouble they got themselves into with the RussiaGate fiasco. The unbelievable election loss of Mrs. Clinton screwed the pooch for them, and the desperate acts that followed only made things worse. The incompetence and mendacity on display was only matched by Mr. Mueller and his lawyers, who were supposed to be the FBI’s cleanup crew and only left a bigger mess "


                          • Bigger speedbumps and more volatility

                            Armstrong writes about the end of "civilization" in that we no longer civil to each other.
                            "The very purpose of civilization is when everyone comes together to produce a society that is greater than the sum of the individuals. We have lost that very purpose. I honestly do not know what the future will bring after 2032. But there will have to be a lot of blood spilled before there will ever be any resolution. The hatred is far too great to overcome."

                            "Case in point: On October 4, Federal Reserve Chairman Jerome Powell publicly claimed the US economy is “in a good place”. Yet somehow, despite the US banking system already having approximately $1.5 trillion in reserves, the Fed is suddenly pumping in an additional $60 billion per month to keep things propped up."
                            "For starters, you can clearly see how in 2008, the Fed printed up more money in just a few weeks than it had in the nearly 100 years of operations prior."
                            "Further, it has to be noted that the decision to suddenly restart the QE program was made mid-cycle, that is between FOMC meetings. This is a good indicator that things are “serious”, as the Fed typically doesn’t like to appear as if it’s been caught off-guard."
                            The REPO market meltdown brought on the crisis.

                            “The Federal Reserve injected both temporary and permanent liquidity into the financial system Friday. The permanent addition came by way of $7.501 billion in Treasury bill purchases,"
                            "On Thursday, the Fed added $104.15 billion in temporary liquidity.”
                            Credit Bubble Bulletin : Market Commentary: China Watch

                            Escobar: Syria May Be The Biggest Defeat For The CIA Since Vietnam
                            Excellent news

                            Getting Out Of Foreign Wars: Next Up, Ukraine?
                            China's $3.6 Billion Bailout Insulates Turkey From US
                            Beijing’s biggest support package ever for President Erdogan arrives at a critical time...
                            Times Square Billboard Shows Trump Being Hogtied & Tortured
                            So much for the tolerant left!
                            Von Greyerz: The Problem Is The Economy, Stupid! Not The Climate
                            The earth is about to get much cooler and so too is the earth’s economy...

                            G20 Finance Leaders: Stablecoins Could Threaten Global Financial System
                            "Such risks, including in particular those related to money laundering, illicit finance, and consumer and investor protection..."
                            OF COURSE, it is never about lost tax revenue. Do it for the children.
                            CIA Analysts Lawyer Up As Brennan, Clapper Ensnared In Expanding Russiagate Probe
                            "I Stand Against Everything She Represents" - Gabbard Hammers Tired, Sick, Fragile Hillary

                            "She’s the epitome of everything wrong with America and, in fact, the world and Tulsi Gabbard just stood up and laughed at her for still thinking she was the Emperor when in reality she’s The Joker..."

                            Navy Patents UFO-Like Compact Nuclear Fusion Reactor And Hybrid Space/Sea Crafts
                            A mysterious set of patents filed recently by a U.S Navy researcher has caught the eyes of technologists and conspiracy theorists alike...
                            The Army Is Building A Cannon Capable Of Firing From Nashville To NYC
                            The powerful cannon can fire a projectile over a distance of more than 1,150 nautical miles...
                            So, what has Nashville got against NYC?
                            "There Is A Global Crisis" - Israel Diamond Industry Collapses Amid Faltering Demand
                            "There is a global crisis. The government needs to help out the industry. "
                            Millennials have no interest in diamonds so, the government should buy up israeli diamonds

                            California Is (Again) Teetering On The Edge Of Financial Ruin
                            Bring it on. I have my bags packed.
                            Santiago On Fire: Chile's Military Quells Mass Riots With Tanks & Troops Patrolling Streets
                            State of emergency in effect, helicopters & armored vehicles patrol the city amid 'metro protests' as masked student rioters in running war with police...
                            Santiago is a very nice city. It sounds like antifa is loose.
                            PG&E May Sporadically Cut Power To Californians For A Decade
                            Come for the poo-encrusted streets, earthquakes and exorbitant taxes - stay for the Venezuela-tier electricity!

                            "Perhaps it has something to do with the fact that California is the most regulated state in the nation — by far. The Cato Institute analyzed the laws of each state by measuring the amount of individual legal restrictions in their legal codes. California was at the top, way at the top with 395,503 individual restrictions (laws, prohibitions). We surpassed No. 2, ultraleft New York, by almost 90,000 restrictions. Our politicians in Sacramento keep passing hundreds of new laws every year yet half of Californians are thinking of leaving."

                            10/19 IMF: ‘World’s financial system is more stretched than pre-Lehman – GoldCore
                            10/19 Peter Schiff: coming Fed-induced collapse will be ‘far more dramatic’ than ’08 – MM
                            10/19 IMF says Japan can ramp up fiscal stimulus if tax hike sinks growth – Reuters

                            It's never worked but, why stop now.
                            10/19 Serious dark web warning issued after Tor browser users have bitcoin stolen – Forbes
                            TOR, we hardly knew you. Now, you're fading away.
                            10/19 Green Party torches Clinton for claiming Jill Stein is ‘totally’ a Russian asset – RS

                            10/19 Spain calls in Civil Guard to outskirts of Barcelona – Reuters
                            The Guardia Civil are the government thugs that they bring in when the police just aren't violent enough. The Catalans will get BADLY beaten just like last time. They will buy scandalous headlines just like last time. They will show lots of bleeding Catalans,,, just like last time. Madrid will incur the fury of the rest of Europe just like last time.
                            You can see why the Eurocrats want a European army. They will use NON-nationals to put down any nascent revolts. "They" claim that they need a European army to defend themselves from Russia. Nigel Farage asked in the EU parliament, "who do you think you're kidding"?
                            "They" plan to have a united states of Europe no matter how many people they have to kill and imprison.

                            10/19 Protests sweep Lebanon as fury at ruling elite grows – Reuters
                            That certainly appeared out of the blue. A suspicious person might think that a certain neighbour wants to destabalize the home of Hezbollah.
                            10/19 David Stockman on how the US went from America first to empire first – IM
                            Mandated by our overloards in Tel Aviv.
                            The groundwork was laid down many years ago.

                            India and Pakistan are heating things up.
                            The Affordable Care act, "As we recently reported, 66.5 percent of all bankruptcies in the US are tied to medical issues, either because of high costs for care or time out of work. An estimated 530,000 families turn to bankruptcy each year because of medical issues and bills."


                            • Failure of Interest-rate & oil derivatives

                              Warren Buffett once called derivatives “financial weapons of mass destruction.” ... “In our view, however, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal,” 2002
                              Warren Buffett's company is sitting on $122 billion in cash
                              "Rates in the $2.2 trillion market for repurchase agreements rose as high as 10% on September 17 as demand for overnight cash from companies, banks and other borrowers exceeded supply."
                              The FED had to step in because Buffet and other refused to lend liquidity to a crashing market.
                              The FED originates about $100 billion a day and, has extended this into November.

                              Deutsche Bank capitalized to $14.1 billion.
                              Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day July 2019.
                              Deutsche Bank pegs its derivatives exposure at about $22 trillion 2019
                              On July 21, 2011, ... A derivatives book of $49 trillion notional puts Deutsche Bank
                              After a $354 Billion U.S. Bailout, Germany’s Deutsche Bank Still Has $49 Trillion in Derivatives April 17, 2019
                              Fed’s Balance Sheet Spikes by $253 Billion, Now Topping $4 Trillion

                              "According to an article in the Financial Times last week “Germany’s federal and state governments have spent €70bn on bailing out banks since the financial crisis, according to an estimate by Gerhard Schick, head of lobby group Finance Watch.” The figure of €70bn is about 79 billion U.S. dollars. Why did the U.S. Fed throw $364 billion at one German bank when its country of origin has only reached in its pocket to the tune of $79 billion for all of its troubled banks? (Read on for the answer.)

                              During 2018, the serially troubled Deutsche Bank – which still has a vast derivatives footprint in the U.S. as counterparty to some of the largest banks on Wall Street – trimmed its exposure to derivatives from a notional €48.266 trillion to a notional €43.459 trillion (49 trillion U.S. dollars) according to its 2018 annual report."

                              I suspected that all this cash was used to rescue failing derivatives from Deutsche Bank that are held by U.S. banks.
                              Here is what Jim Willie wrote when I queried him about,,, where I suspected the cash was going.
                              Jim Willie,
                              “This enormous cash flow to the banks is used to settle crashing derivatives written on interest rates. As the Zero Interest Rate Policy (ZIRP) and Negative Interest Rate Policy (NIRP) float around the system, with a massive USGovt debt as background, the counter-parties are demanding settlement. Then another broken side. The enormous cash flow is also used to settle dismantled Petro-Dollar derivatives. As the USDollar to crude oil connection breaks down, amidst shattered US-Saudi relations, the counter-parties are demanding settlement. Every major platform to the USD-based financial system is in breakdown mode.” ~ Jackass"

                              Russia and Iran have a LOT of oil. Both are pulling away from the SWIFT system AND the dollar.
                              Just to make matters more difficult, Russia (Rosneft) is taking over oil production in Venezuela. Venezuela reportedly has more oil that Saudi Arabia in it's Orinoco basin.
                              Reportedly, Syria has more oil in the Golan that Saudi Arabia has. Russia is guaranteeing Syrian stability.

                              Banks Are Tired of Losing Money on Fracking Loans – WSI ...
                     › banks-are-tired-of-losing-money-on-fracking-loans
                              Jun 9, 2019

                              Money-losing fracking industry struggling to attract new ...
                     › money-losing-fracking-industry-struggling-to-attract-new-inves...
                              Feb 25, 2019

                              How long can the fracking spending spree last ...
                     › business › energy › article › How-lon...
                              Sep 14, 2018

                              Why fracking isn't the answer to the 'peak oil' crisis | Opinion
                              How America's 'most reckless' billionaire created the fracking
                              Shale Pioneer: Fracking Is An “Unmitigated Disaster” | OilPrice ...
                     › Energy › Energy-General
                              Jun 24, 2019 - Fracking has been an “unmitigated disaster” for shale companies themselves

                              US Fracking Industry is Losing Epic Amounts of Money ...
                     › watch
                              Could Fracking Industry Debt Trigger a Financial Crisis?

                              America's shale firms don't give a frack about financial returns ...
                     › business › 2017/03/25 › americas-shale-firm...

                              Mar 25, 2017 - But shale fracking—the business of getting oil and gas out of rocks by blasting ... The business has burned up cash for 34 of the last 40 quarters, ... at more than $1bn—shale firms are on an unparalleled money-losing streak.

                              Jim Willie, "The enormous cash flow is also used to settle dismantled Petro-Dollar derivatives. As the USDollar to crude oil connection breaks down, "
                              This is easy enough to believe.


                              • Armstrong,,, Tor,,, barcelona,,,1987 crash

                                "Fed’s Balance Sheet Spikes by $253 Billion, Now Topping $4 Trillion"
                                Armstrong makes NO mention of this. He has never mentioned that frackers lost $280 billion.
                                This Federal Policy Enabled the Fracking Industry's $280 billion loss....
                       › stories › this-federal-policy-enabled-the-fracki...
                                May 22, 2018

                                1/4 $trillion in new liquidity dumped into the system to rescue counterparties of Deutsche bank. NO mention from Armstrong.
                                Though, he does write about Great Thurberg and, the global warming hoax.

                                10/19 Spain calls in Civil Guard to outskirts of Barcelona – Reuters
                                10/20 Dramatic footage shows Spanish police in brutal Catalonia protest crackdown – ZH

                                Madrid just doesn't seem to learn that the Catalans are yearning from bloody headlines.
                                I lived in Madrid for a while and, it is very nice. The spectre of Franco still seems to linger in the halls of justice. They just can't win the PR battle by beating people up.
                                10/20 Hong Kong: Tear gas, petrol bombs shatter calm – Reuters
                                Will the Chinese go down the same road?

                                10/20 Mich Congressman calls Hillary Clinton a ‘Trump asset’ after Gabbard Comments – NW
                                I'm sure that this was well-received.
                                10/20 After backlash, Trump says his Doral resort won’t host G-7 summit – Politico
                                The Secret Service told him that it was indefensible.

                                10/19 Serious dark web warning issued after Tor browser users have bitcoin stolen – Forbes
                                10/20 Fake Tor browser has been spying, stealing bitcoin ‘for years’ – Coindesk
                                10/20 Bitcoin price falls under $8k with ‘ugly’ scenarios on all timeframes – Coin Telegraph

                                10/20 Bipartisan shrug as US budget deficit nears $1 trillion – Voice of America

                                "So, what actually happened on October 19th, 1987 that was different than the last few market collapse events and why is it so similar to what is happening today?

                                On October 19, 1987, a different set of circumstances took place. This was almost a perfect storm of sorts for the markets. " "Our researchers believe the declines in the US markets in early October 1987 set up a breakdown event that, once support was broken, prompted a collapse event where liquidity issues accelerated the price decline volatility – much like the “flash crash”. Global investors were unprepared for the scale and scope of the price decline event and panicked at the speed of the price collapse. "
                                Keep in mind that it is a different world today. The stock exchanges have "circuit breakers" to day if things get too crazy. The circuit breakers shut down trading for 10 seconds.
                                "In Part II of this article, we’ll explore the potential of another Black Monday type of setup that may be playing out before our very eyes right now in the US stock market."

                                "But if you look closer, today’s correction isn’t much like the dot-com bubble at all. In fact, it might be more accurate to say that what’s happening today is the very opposite of the dot-com bubble."
                                "Consumer tech grabs most of the headlines. But enterprise tech, whose top clients are other businesses, grabs most of the profit."

                                The Verdict Is In: "Negative Rates Are A Huge Negative For Savers, Low-Income People, And Investors"
                                "the far bigger problem faced by central bankers is that they really have nothing else up their sleeve, and should negative rates be denied by the establishment, it may well mean game over for the financial system as we know it."

                                Jamie Damon, “[Negative rates] has huge negatives for savers and low-income people, for investors and for the capital markets. "
                                “Insurance companies and pension funds have no way to neutralize the negative rates"

                                [B]A US-China Trade Deal Will Likely Be A Zero-Sum Game[/
                                10/20 East St. Louis closes fire house, lays off firefighters to make pension payments – CF

                                California is already home to almost half of the country's homeless.
                                Believe it.
                                At the same time, government pension costs are rising across the state; faster in California than in the rest of the nation.
                                "a recent paper by economists Joshua Rauh and Ryan Shyu found that out-migration of top-bracket taxpayers accelerated after the state's 2012 income tax hike.

                                "Among top-bracket California taxpayers, outward migration and behavioral responses by stayers together eroded 45.2% of the windfall tax"