Economic pressures

[Danny B]

https://www.zerohedge.com/personal-finance/fed-detests-free-markets

Zero Hedge
Chinese Crypto Exchange IDAX Locks Cold Wallet As CEO "Goes Missing"
US Enraged After 6 More EU Nations Join INSTEX To Bypass Iran Sanctions
Europe is finally trying to extricate itself from FED GOV & FED control.
Which Countries Offer The Longest Retirements
"We doubt it will come as a surprise that some of Europe's most fiscally challenged countries are also those that offer the longest retirement across the entire OECD universe."
Tulsi Gabbard: Wake Up And Smell Our $6.4 Trillion Warshttps://www.zerohedge.com/markets/fe...s-own-creation
"...bigger government, bigger deficits, and greater government control and encroachments upon individual freedom and liberty."
Well, what did you expect? It's an election year.
Everybody needs a side job.
UPS employees allegedly ran massive drug shipment operation

"something is seriously starting to break in China's financial system.

Three days after we described the self-destructive doom loop that is tearing apart China's smaller banks, where a second bank run took place in just two weeks - an unprecedented event for a country where until earlier this year not a single bank was allowed to fail publicly and has now had no less than five bank high profile nationalizations/bailouts/runs so far this year - the Chinese bond market is bracing itself for an unprecedented shock: a major, Fortune 500 Chinese commodity trader is poised to become the biggest and highest profile state-owned enterprise to default in the dollar bond market in over two decades.

In what Bloomberg dubbed the latest sign that Beijing is more willing to allow failures in the politically sensitive SOE sector - either that, or China is simply no longer able to control the spillovers from its cracking $40 trillion financial system "

https://www.zerohedge.com/economics/china-braces-unprecedented-massive-default-state-owned-enterprise

[Danny B]

https://mises.org/library/end-socialism-and-calculation-debate-revisited-0

The socialists didn't want to hear or allow any dissenting opinions.

https://fee.org/articles/misess-lost-papers-plundered-by-the-nazis-buried-by-the-soviets-rediscovered-by-me/

[Danny B]

Socialism V2 doesn't work

The Chinese communist leaders have tried several stratagems over the years to make communism work. Human nature and, human failings always got in the way. China desperately wanted to harness the productive capabilities of their enormous population. 286 million Chinese peasants were moved to the cities. This created a huge pool of productive labor. But, wages were so low that there wasn't a commensurate increase in consumption. China must rely on foreign consumption to keep it's productive enterprises in operation.
China and India created a global-mean-wage. They undercut prices in almost all of the manufacturing countries.
The delayed effect was; they took the wages of their customers. The Chinese were losing market share but, still needed to keep their people working. They printed money to put the masses to work building domestic infrastructure. They built enormous amounts of infrastructure and buildings for which there was no demand.

True organic growth would see production & consumption rise in a mutual stairstep fashion. Wages must grow also if P&C is to increase. Wages did not grow and, China was locked in to depending on foreign consumption.
The Chinese productivity miracle was rapidly losing steam. The Chinese compensated for the lack of foreign demand / capital inflows by creating domestic capital. At one time, China was creating more liquidity that all the major, Western Central Banks put together. Much of this capital was channelled through State owned enterprises. SOE
ALL of China was on a roll, creating liquidity from every government office AND every bank.
There is $6 trillion of local debt that is simmering away out of sight. There is $32 trillion NOT on the balance sheet.
China has an enormous amount of dollar denominated debt. BUT, China is unable to access dollars to service that same debt. Trump's trade war is making things much worse. The Chinese are earning fewer and fewer dollars.
Here is a vid that lays it out very clearly.

https://www.youtube.com/watch?v=Fbe1j5R5sow

https://www.youtube.com/watch?v=2cK15cp0jIs&t=28s

https://www.youtube.com/watch?v=ZkJp-YywgTM&t=42s

Germany'

https://www.youtube.com/watch?v=I6gkCUQfphk

Australia,

https://www.youtube.com/watch?v=Cb7gJHpAxJY&t=50s

The bank runs have started in India,

https://www.youtube.com/watch?v=rw6TxwJugs0&t=170s

China faces the inevitable because their hybrid system just doesn't work.

https://www.youtube.com/watch?v=w-2cArChw5M

[Danny B]

Fascism and socialism rising,,,, both are going to fail

The NY Times is glorifying Karl Marx and, our overlords are pushing Marxism at every turn. "They" crashed free market capitalism to bring us fascism. The proposed backlash is Socialism They have pushed socialism everywhere for centuries all around the world. It has failed all the time because "they" ignore human nature. It is also true that human nature has allowed fascism to take hold. America was founded as a republic to keep popular control and socialism at a distance.

Over the decades, voters have pushed the federal government to guarantee their economic prosperity., NOT just their security. In response, the State created the welfare state. We had creeping socialism at the same time that we had creeping fascism. ALL of it was financed by the Federal Reserve.

https://www.independent.org/publications/article.asp?id=360

Armstrong, et al have claimed that State debt is going to completely collapse. Who will lay claim to whatever money is left over after the default?
The welfare state is completely focused on the carbon taxes proposed by the upcoming Madrid climate forum. Paris and Kyoto didn't create the necessary funding. The blob state hopes that Madrid will finally get a worldwide carbon tax.

Meanwhile, the oligarchs plan to create some sort of feudal State that they rule. That doesn't have much chance of success while the birth rate is falling.

https://www.bbc.com/news/amp/world-asia-china-50587098

https://www.theburningplatform.com/2019/12/01/see-you-on-the-dark-side-of-the-moon/

It is a good, comprehensive article.


Putting the screws to China.

The FED has long claimed that it is independent. The FED has no army. At one time, the FED could decline to create more "money" because it was restrained by the gold standard. Now, it has no ability or grounds to hold back.


The Chinese have demonstrated that they have NO imagination. They promised autonomy to Hong Kong. They reneged on the promises. Hong Kong is a very important banking center. China desperately needs liquidity, especially dollars. China has sent in the triads to start thrashing the people of Hong Kong. Capital is fleeing and, investors don't trust the government. Keep in mind that; every time that there is a banking scandal, the Hong Kong and Shanghai Ban of China (HSBC) is at the center of the scandal. HSBC is now moving a lot of their stuff to the blockchain. Is this done to keep communist hands off it?


Death awaits them.

Years ago Varoufacus warned that; putting the torch to southern European States would bring the rise of the far right. Of course, they ignored him.

[Danny B]

Chinese communists will set off the great reset

Armstrong's models are confidence models. The Chinese hang on every word he says. They brought him to China for advice in the 2008 collapse. The Chinese have proved that they have leaned NOTHING !
The Chinese mafia (Triads) have attacked and burned the printing press of The Chaos Times Newspaper.. The Triads are down in Oz chasing down fleeing money.




Chinese Community Party is 'inconsistent' with Australian values: Dutton
There you have it. The Chi coms have tried different systems but, they are trying to regain a world position that they lost Centuries ago.
US President Trump has suggested that the trade deal with China might have to wait until after the 2020 election in November

https://foreignpolicy.com/2018/10/15/chinas-great-leap-backward-xi-jinping/

So, Mao got the young people all riled up. He got them to kill off all the dirty capitalists and bourgeoisie. 20 million died. That's some record of success for socialism. Just the same, socialism is rearing it's disastrous face once again. It isn't a surprise because crony capitalism has stolen most people's future.
The Chinese are enthusiastic gamblers. Trump is attacking the shadow banking system. $40 trillion is off books.

Ah yes, Mao dreamed of a return to the land,,, a simpler life. He wasn't the only Asian leader who got hat idea.

https://www.armstrongeconomics.com/world-news/climate/the-killing-fields-greenpeaces-greta-thunberg/

Armstrong again, "The Democrats are simply moving to extreme measures for socialism. They are turning to violence BECAUSE they have been losing ground. Our model shows that 2020 will be the most violent political election since the 1960s. It really does not matter who wins. Both sides will take to the streets and refuse to accept the victor. This nonsense that Trump is #NotMyPresident has simply invoked the exact opposite position where the Republicans will not accept a Democrat as president. This is what I mean when I say that civilization is collapsing and this leads to separatism."

https://www.armstrongeconomics.com/international-news/politics/2020-elections-to-be-the-most-violent/

https://www.mauldineconomics.com/frontlinethoughts/the-road-to-default

ALL democracies eventually collapse. The bankers and the State are the mega-parasites that only have a slight acquaintance with fiscal discipline. It is the bankers and the State that are causing all the monetary inflation, NOT the worker / actual producer.
The State has many millions of beggars, bankers and bureaucrats that depend on the status quo. The State can't afford them anymore.
96 million are not in the labor force. 44 million receive direct assistance. How is the world going to have a "great reset" without tipping over the apple cart?

BTW, Chinese communist doctrine ensures that they blow up first.

[Danny B]

Bogus numbers on a bogus economy

The GDP is a bogus measurement of how much money is in the economy. Government spending is counted twice. The FED, ESF and, PPT have been pumping in money continuously. The stock market has been going up. Corporate America used all that free money to do buybacks.

"We are facing a corporate debt bomb that is far, far greater than what we faced in 2008
corporations all over the country are now really struggling to deal with their colossal debt burdens, and defaults on the riskiest class of corporate debt are on pace to hit their highest level since 2008. Everyone can see that a major corporate debt disaster is looming, but nobody seems to know how to stop it.

https://www.zerohedge.com/personal-finance/47-gdp-definitely-scariest-corporate-debt-bubble-us-history

In spite of a recent injection of $160 billion, the stock market goes lower every week.

I keep harping on the base problem. Here it is. You should read this.

https://www.dailymail.co.uk/sciencetech/article-7747979/Interactive-map-reveals-10-areas-risk-robot-takeover-workplace.html

Once again, socialism is the firewall between people who are non-productive and,,, Darwinian pressures. Automation is hitting very hard on people with less intelligence and, less education. Government has accumulated millions of people who just can't make it in the competitive private sector.



Trump has no intention of backing off. He never did. He plans to torch China. Europe will be collateral damage.



Yep, preserve the banks and kill the people.



The reported death of the dollar is WAY premature.


Yep,,,, pump in money,,,, cause price inflation,,,, the consumer cuts back,,,,The more they pump in, the more that the actual economy shrinks.

Save the banks and starve the people just doesn't work.

Yep, the mortgage backed securities will blow once again.


Yep, just hold your nose and, close your eyes.

[Danny B]

Snips from Zero hedge.

I mistakenly posted"economics" in the ruling class thread.
Here is the link.

http://www.energeticforum.com/321583-post6907.html

[Danny B]

Politican chaos is the new growth industry

The Democrats will re-elect Trump.

https://moneymaven.io/mishtalk/economics/how-to-re-elect-trump-in-one-easy-lesson-Qcelvupy-kG3YrnzaFV5zw/

Armstrong, "I will update the Cycle of War in 2020. As I have stated many times, the computer has correlated both the international war among nations as well as the civil unrest which leads to revolutions. Normally, these two separate models move at different times. When they align, we get the most dramatic changes. This is what is taking place right now on a global scale."
Look at France; a highly mechanized society can be completely paralysed by a general strike. Expect more of them.
Armstrong, "
AddThis Sharing Buttons
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Blog/Economics
Posted Dec 6, 2019 by Martin Armstrong

QUESTION: Can you elaborate on the Mother of all Financial Crises?
ANSWER: Sorry, no. I have put this together in a special report. I really do not wish to discuss this publicly. I will only be blamed for starting a panic as they have done every time before. So best to keep confidential. Clients only."
Once again, he can't say when the banks will close.
"ANSWER: The drug trade is cash. It has had a major impact upon keeping the political governments south of the United States in chaos. In all honestly, if drugs were legalized, it would save so many lives and help reduce crime."
"Socrates picks up the cash flows. Much of the money is laundered into real estate around the world, but particularly into Miami."
Thank a banker

John Hussman puts out a ton of technical analysis. He says that valuation extremes have exceeded the valuations prior to the 1929 crash. Very interesting article.

https://www.hussmanfunds.com/comment/mc191203/

Hedge Funds Are Quietly Piling Into Oil

The OPECers are trying to force worldwide production cuts. Somebody always has to cheat to meet domestic demands for GOV assistance.
Record number of 168 million people will need UN assistance in 2020

They will have a rude awakening when the banks close.



REPO market, my arse. Nobody will admit that the banks need cash because derivatives are crashing en masse. Every little hiccup in RE crashes down a few more $trillion in MBS securities.


The Kalergi Plan is a scheme to completely destroy cultural continuity in Europe. An obvious effort to forestall things like nationwide strikes. Many other States will see that nationwide strikes are FAR more effective than protests. Why go to the picket lines and risk getting beat up? Just stay at home and, avoid the cops.


After the 1929 crash, investigators blamed the crash on "dark pools" of capital flowing here & there and crashing everything down as they pulled out en masse from a particular area.
these dark pools are now renamed, "hedge Funds" They are doing a repeat.

https://www.realclearpolitics.com/video/2019/12/03/tucker_carlson_how_paul_singer_hedge_funds_are_destroying_rural_america.html

Meanwhile, the marxists are trying to come up with more funding for their huge money-losing endevor,,, world socialism. A climate scare and a carbon tax to fix it are in the works.

https://sorendreier.com/climate-and-the-money-trail/

The banks like the idea because they will administer the carbon tax.
In times long ago, we gave a donation to the temple priests to intercede on our behalf with the gods of nature. Primarily, the sun god.

[Danny B]

Comparing zombies,,, approaching the final zombie reckoning

A zombie is a body that continues to move even though it's vital signs are non-existent.
The mitochondria continue to supply energy for movement even though there is no supply of ATP / energy.
Much of the world economy is a functioning zombie. The energy for movement is supplied by stimulus in the form of liquidity from the Central Banks. Previously, this energy was supplied from wages derived from the cycle of production & consumption. While the bankers sucked out much of the necessary energy for self-survival, they were accompanied by the blob State.,,, An enormous horde of government workers who drew mightily on the bank of energy but, returned very little in the form of "productivity". They produced lots of laws, regulations and fines but, returned nothing in the form of productivity.

Then, there are the millions who rely on money for "working" for the government. 1 out of every 11 in the beltway is a lawyer.

http://news.goldseek.com/2012/3-29ta/image051.jpg

"The average salary for Government of The District of Columbia employees is $81986 per year. "
"(Federal Level) earned an average of $313890 in Washington, DC in 2019"
The U.S. claims that it only spends 24% of the gdp.
Keep in mind that it was originally asserted that advertising and finance should NOT be included in the gdp calculations.
GOV money printing is included in gdp calculations. It is counted a second time when it is spent. We can NOT have a shrinking gdp so, it behoves the GOV to spend money as fast as it can.
The gdp numbers have very little to do with productivity. They are a calculation of how much money is in the system.

6 days ago, Corporate America's debt load is nearing $10 trillion, a record
The federal reserve (FED),, the exchange stabilization fund (ESF) and, the president's working group on markets (PPT) ALL pump in liquidity to every sector.
Since 2007, the oil and gas industry has lost $280 billion


Fracking 2.0 Was a Financial Disaster, Will Fracking 3.0 Be any different?
Corporate debt was pumped up to $10 trillion by federal government disbursements. All of this was done to pump money into the lower loop via injections to the upper loop. The upper loop just held onto the money because wages were insufficient to recapitalize consumption of the lower loop.
May, 2018,

The Federal Reserve is about to create a lot more zombies
Beware the dawn of the corporate dead | Financial Times
The Federal Reserve's Zombie Economy | Fox Business
Opinion | When Dead Companies Don't Die - The New York ...
The Zombie (Company) Apocalypse Is Here | Mises Wire

https://mises.org/wire/zombie-company-apocalypse-here

OK, you get the idea. thousands of zombie companies are kept alive with FED money.
This is ALL done to preserve employment.

What's the manufacturing job killer, automation or trade ...
Most US manufacturing jobs lost to technology, not trade
Rise of the machines: Fear robots, not China or Mexico
The Long-Term Jobs Killer Is Not China. It's Automation.

https://www.foreignaffairs.com/articles/2018-09-07/automation-really-blame-lost-manufacturing-jobs

Here is a graph that clearly shows the effects of automation.

https://news.cgtn.com/news/3d63544f784d7a4d/img/f06f6809-bfa1-4097-b836-d971d324eb23.jpg

You get the idea.

Does China Need a Social Safety Net? - Carnegie Endowment
China's welfare system: difficult, inflexible and blatantly unfair
China's weak social safety net - CNBC.com

China keeps alive it's zombie companies alive to keep employment going.

https://www.youtube.com/watch?v=opQ1_O-TXmY

OK, so every State is affected by the loss of jobs. Reportedly, China SOEs have $40 trillion off-books. But wait, America reports to having a missing $26 trillion. That's just what they report.
You get a check from GOV. You take it to the bank. The bank accepts it because they assume that it will clear.
At the moment, it is reported that U.S. GOV is insolvent. At the same time, it looks like the banks will melt down because hundreds of $trillions of derivatives are crashing. Both China and America keep the zombie alive to keep jobs going.
Parkinson's Law, https://www.fourmilab.ch/fourmilog/a...08/001328.html

Automation isn't going to die off any time soon.

https://www.zerohedge.com/technology/dramatic-change-ahead-robots-are-coming-200000-us-banking-jobs

https://www.dailymail.co.uk/sciencetech/article-7747979/Interactive-map-reveals-10-areas-risk-robot-takeover-workplace.html

It looks like China will crash first. It is claimed that Chinese have so much in savings that they don't need a welfare system. There are already 500 banks scheduled for collapse. It is doubtful that the Chinese banking system can survive a run on the banks.
This may all get down to a test to see which public support system can best handle a zombie apocalypse.

[Danny B]

Dire warning from the BIS

"Long-Term Capital Management was a massive hedge fund with $126 billion in assets. It almost collapsed in late 1998. If it had, that would have set off a global financial crisis"
LTCM was brought down to a large degree by the collapse of Russian bonds. A group of banks got together and, rescued their paper.
The REPO crisis of September was caused by much the same kind of problem. A lack of liquidity in a big bank. Instead of private banks bailing out J. P. Morgan this time, the FED had to jump in,,, within minutes.

"LCH claim to have done a quadrillion of compression trades or netting in the last year, this is more than twice the notional of all outstanding interest rate derivatives.

If initial margins rise significantly, the only assets that will see a bid will be cash, US treasuries, JGBs, Bunds, Yen and Swiss Franc. Everything else will likely face selling pressure. If a major clearinghouse should fail due to two counterparties failing, then many centrally cleared hedges will also fail."
"he growing significance of these new cash sources "can result in unfamiliar market dynamics", said BIS' Claudio Borio. Dynamics such as the one where impossible moves such as repo rates exploding from 2% to 10% in seconds become a daily occurence."
"So where does that leave us? Well, as the BIS concludes, since 17 September, "the Federal Reserve has taken various measures to supply more reserves and alleviate repo market pressures. These operations were expanded in scope to term repos (of two to six weeks) "
Armstrong pointed out that all this REPO money went into overnight loans. NO longer the case.

https://www.zerohedge.com/markets/fed-was-suddenly-facing-multiple-ltcms-bis-offers-stunning-explanation-what-really-happened

This is a complex article about chasing liquidity to lever-up trades AND, at the same time, pay out huge dividends. "a quadrillion of compression trades " this gives you an idea of just how much liquidity is necessary to keep the credit bubble alive.

[Danny B]

Bet on currency inflation


OK, so, the CBs are going to print like crazy.

OK, so the CBs are going to stop printing.

The JCB printing press is set on auto-pilot.

Rate cutting is inflationary in that it tempts more people to do more speculation. Obviously, it raises speculation but, does nothing for consumption when everybody is debt-saturated.


The 2008 LIBOR crisis was caused by banks not trusting other banks. The current REPO crisis is caused by banks not trusting hedge funds.

15% of American companies are zombies and, don't have any profits. The FED, ESF and PPT pump money into the markets to keep them alive,,,, keep their employees working. Corporate debt is now up to $10 trillion. How many zombies will survive a lockup in credit markets?
Armstrong hints at a blowup on January 18. Will the REPO markets fall flat then? Dunno.

https://youtu.be/7ADncN9HIa4

The gold in London, is levered-up and loaned out. Every time that a sovereign repatriates their gold OUT of London, there is far less to loan or manipulate. When Germany FINALLY got their gold back, it was an entirely different set of bars.
Nixon closed the gold window after repatriations reached 100 tons a week.

NOT entirely true. Stupid politicians will push gold higher.

Interest rates were driven down and, interest-income fell. Investors were driven into risky paper in the search for yield. This helped fund risky business (and their employees). All zombies eventually die. There is 10$ trillion in corporate debt. BUT, there is less and less protection for investors.

https://www.zerohedge.com/markets/americas-giant-debt-equity-swap-exposed

[Danny B]

Economic collapse with a side-order of revolution

"one where impossible moves such as repo rates exploding from 2% to 10% in seconds become a daily occurrence."
Just picture this as : the economic system being hooked up to a defibrillator on a daily basis.
There is just so much to cover as we get closer to the convergence of; the black-hole of debt and, the real world supply of liquidity.
Dean Henderson has a lot to say that is worth reading.

https://hendersonlefthook.wordpress.com/2019/12/09/the-internet-psyop-the-coming-collapse/

Likewise, Armstrong has plenty to say.

https://www.armstrongeconomics.com/products_services/products/the-mother-of-all-financial-crises/

"We are witnessing a worldwide revolution indeed. People are rising up against governments in general because it is obvious that corruption has become standard. "

https://www.armstrongeconomics.com/international-news/britain/brexit-generations/

Armstrong, "As I said before, that is not where it began. There are three phases to this. We are only in Phase II. The Mother of all Financial Crises has yet to come."

America created the welfare-warfare State. Europeans concentrated on creating the welfare state. America sidelined them as far as a warfare State. Though, that didn't save Serbia when NATO trashed it.
ALL socialist nations collapse. Pox Americana used the printing press to fund warfare on with it's credit card. BUT, it also used it's credit card to fund the welfare state. 51% of Americans receive a check from GOV. The public are unable to do the required consumption to keep the credit bubble growing. GOV makes the credit bubble grow by channelling new money through the defence industry. It has an insatiable appetite for funding. If U.S. sovereign debt does indeed collapse, do we attribute that to direct welfare payments OR, "offset" welfare payments channelled to the defense industry?
Will corporate & private socialism break the system as it has done previously?

Rack up debt, Declare bankruptcy, RepeatAnd repeat again - 1,000s Of Canadians doing it
Hong Kong Protests Attract Massive CrowdsEstimated 800,000 March In Financial District
Ah yes,,, in the financial district. When the Irish Republican Army did an attack in the London financial district, they finally got major interest.

The entire world economy is completely dependent on new CB liquidity. BUT, the hew-money-drug is wearing off.

https://northmantrader.com/2019/12/08/sell/

"We saw some of this this week following an 850 point drop in the $DJIA which immediately prompted renewed trade optimism headlines.
"Still, last week was a warning. The bid can disappear suddenly and it requires massive amounts of liquidity and jawboning to keep the bid going. "

Because derivative failure is ongoing.

This "scourge" is related to a poverty induced crash in population, wages and, spending.

In absolute numbers, the United States has a larger immigrant population than any other country, with 47 million immigrants as of 2015. This represents 19.1% of the 244 million international migrants worldwide, and 14.4% of the U.S. population.

Sure, "they" have engineered an increase in population but, that has mostly grown the welfare rolls, NOT productivity.

Yes, year-end is going to set off a melt-down.

Yep, grow the government until the whole system pops.

NO mention of food and diesel fuel.


Inflation in everything you buy,,, deflation in everything you sell.

The coming ADVERSITY is going to make all of us super heroes.

Reagan fired the air traffic controllers who struck in spite of their no-strike contract.
France offered a state assistance package to everybody. It has just gotten too expensive and, Macron is trying to shrink it. This is NOT going to end well.


DO NOT WORRY.The progressives are going to be berserk as a full time occupation.

How very GREEN of them. I'm sure that this will be a big consolation when everything in Europe is frozen solid from the solar minimum.

[Danny B]

The projections get more dire

The net is full of discussions about the coming civil war. There is much speculation about who will be lined up against whom. Where will the battle lines be drawn? What weapons will be used? You are welcome to speculate. Keep in mind that currently France is demonstrating against the government. Same for Iraq, Venezuela, Bolivia, Germany, Honduras, israel, Lebanon, et al. Everybody against the government.
U.S. GOV has seen fit to "arm up" Everybody from the past office to the V.A. to SS to SBA. Everybody in FED GOV is buying guns & ammo.

https://www.forbes.com/sites/adamandrzejewski/2017/10/20/why-are-federal-bureaucrats-buying-guns-and-ammo-158-million-spent-by-non-military-agencies/#473d1a064a16

Tainter wrote, The collapse of Complex Societies. With the rollout of the computer, we definitely have a complex society. How much strain can this complex system stand up to?
There is a lot of speculation about the future of society & civilization.

https://claudiograss.ch/2019/12/the-destruction-of-civilization-implications-of-extreme-monetary-interventions/

An article about the evolution of the bank run.

https://claudiograss.ch/2019/11/the-evolution-of-the-bank-run/

NO, of course not ! Nobody is desperate. Powell did NOT-QE when the REPO crisis hit. Evidently, the finance system needs a stronger jolt than the current defibrillator can give. Even though hundreds of $billions are flowing in through several channels, it just isn't enough. Rapid QE is needed. Just imagine touching the hypothetical "third rail" of finance.


The lower loop has had constant price inflation of, between 6% and 10%. It depends on where you look. The upper loop has had 250---300% price inflation.

https://www.armstrongeconomics.com/blog/

Bloomberg says that the CBs won't do mega printing. Many other sources say that we will see QE to infinity. Armstrong here says, "This time, whoever is caught holding will not be bailed out this time around"

[Danny B]

confidence rapidly turning

GOV promised to be our collective security blanket. This plan has now become too expensive. People are rioting all over as GOV tries to remove the blanket. Previously, we had supported the indigent through taxes. That just isn't enough. GOV now wants you to take a personal interest in supporting the indigent.


Charles Hugh Smith always brings clarity to the subjects that he writes about.
The fate of empires, https://charleshughsmith.blogspot.co...-collapse.html
Central banks worldwide buying up massive amounts of gold in a shift away from US dollar - Goldman Sachs
Remember that the CBs can just print up cash to buy this gold. Years ago, they were all dumping gold to get CASH,,,,, that they can get for free any time that they turn on the presses. They were trying to buy confidence in currencies and CBs. Now, they have evidently jumped into a lifeboat.


Could confidence be falling?

C'mon, give us a break. We're printing as fast as we can.


There is speculation that we will have a Repocalypse daily.

The proverbial debt jubilee. Everybody who owes you money can tell you to go biss up a rope.

That doesn't work either.

[Danny B]

Doomers out in force,,,, criminals in every office

This is a crosspost but, very impressive, enough to be read twice.

https://orientalreview.org/2019/11/15/about-trump/

Different people have different perceptions.

https://www.rt.com/business/475482-world-history-shaped-by-taxation/

All Wars Are Bankers' Wars: Michael Rivero ... - Amazon.com
Bankers Hate Peace: All Wars Are Bankers' Wars - Global ...

https://www.youtube.com/watch?v=QlunSNY5B48

Chinese Telecom Carriers to Reduce Reliance on US for Researching 6G Next-Gen Wireless Tech
They found that 5g is too dangerous. Soon, we'll have 6g
Cheney warns US against Middle East pullout as even Washington Post digs up proof his War on Terror was 'UNWINNABLE'
Why won't he just DIE? wars are no longer for winning. It's all about oil and munitions.
Trump's 'favorable' policy instincts obstructed by neocons, foreign interests & the arms lobby at every turn
Standard operation procedure,,, for NOW.

French mayor BANS citizens from dying on weekends and holidays due to lack of doctors
UN Can't Verify Drones in September Attack on Saudi Oil Facilities Were 'of Iranian Origin'
This is important. Nobody can prove who attacked them. Expect LOTS of drone attacks everywhere.
Aramco Stock Soars Limit Up In Debut After Saudis Force Locals To Buy
Nobody wanted to buy stinky Aramco stock on the IPO. So, the Saudi GOV demanded that Saudis buy it.
Trump Shuts Down WTO Appeals Court Sending EU, China Scrambling For 'Plan B'
There is NO plan B. They can't appeal to anybody if they don't like sanctions.

The Bush Family & the Mexican Drug Cartel
The Bush Family & the Mexican Drug Cartel
US Congress Agrees $738 Billion Defense BudgetFor 2020, Showing 3% Increase From 2019

Forget Hypersonics, Give Us Ships! US Navy Chief Ready to Fight for Funds to Build 355 Ship Fleet
Stimulus for the upper loop.
Ships are just big targets but, the military just wants endless funding.

Did you notice,,, I didn't

He must be reading Armstrong
oftwominds-Charles Hugh Smith: Why "This Sucker Is Going Down"



That ripple is soon to be a tsunami.


Not, lie,,, PIE. Everybody cut up the pie and, made a lot of money.