Economic pressures

[Danny B]

With Yanis gone, they are unanimous.
"This Article 352 allows the EU to wage economic war on any member state to force its will upon the people, regardless of what they vote. This is an amazing authoritarian view for this is not just about maintaining a single currency; it is now all about centralized power. The EU is now in a position to carry out coercive measures against Greece that are completely outside any legal framework."

"To invoke such federalized power requires a unanimous vote, which explains why they would expel Yanis Varoufakis. It appears that the EU Commission is not about to accept an exit vote by the Greek people. They have eliminated any democratic means to exit the euro. This could lead to major civil unrest throughout Europe for playing hardball with Greece will expose the federalization of Europe. It also explains why they now want to create a European Army at the direction of the EU Commission and Troika."
You Can Check-In for the Euro but You Can Never Leave | Armstrong Economics
Hopefully, the collapse of the bond market will forestall any formation of a European army.Yep, power corrupts.Europe's Controlled Demolition - The Automatic Earth
Edit, the "anti-Europe" SPIEGEL Commentary on the Greek Crisis - SPIEGEL ONLINE

[Danny B]

http://www.zerohedge.com/news/2015-07-01/who-will-be-last-crash

US Distracted by Rainbows & Flags as Global Banking Meltdown Begins - Waking Times : Waking Times

This is a big confidence game. It looks like China will reprice gold to gain confidence and attract investment. Saudi is moving towards Russia. They can produce oil at $4 a Bbl. Russia and Iran can produce it cheaply also.

Kunstler; " The cause is simple: the end of cheap energy, oil in particular. At over $70-a-barrel the price kills economies; under $70-a-barrel the price kills oil production."
Systemic Turmoil, Structural Reform | KUNSTLER
If the price of the master resource goes too high, the economy suffers. If it goes too low, production stops. The U.S. fights the financial war by destabilizing other States,,, other currencies. China hopes to stabilize their currency with gold. Europe is going to be sucking rocks.
Eventually, everybody is going to run to tangibles. J.P. Morgan is already doing this.
"in Q1, JPM cornered the commodity derivative market, with a total derivative exposure of just over of $4 trillion, an increase ot 1,691% from just $226 billion in one quarter!"

http://www.zerohedge.com/news/2015-06-29/jpm-just-cornered-commodity-derivative-market-and-time-we-have-proof

[wayne.ct]

Regarding JPMorgan

I think it was JPMorgan that years ago was manipulating the silver market when the Hunt brothers cornered the silver market. The end of that was that that the Hunts were dragged into court and convicted of manipulating the silver market when it should have been the bankers. Isn't that typical?

My question is this: On which side of the market is JPMorgan betting? By market I mean the various commodities, of course, but primarily the USD. The question behind the question is this: Do they think we are in for a bout of inflation or are they betting on a short term deflation before the eventual inflation? I don't suppose it really matters but I am curious. It is always a good time to think what may be going on behind the scenes.

[Danny B]

Hunt bros

Wayne.ct, here is a story to entertain you. It is about the Hunt Bros. and the Circle K cowboys.
Money - Then and Now | Gold Eagle

[Danny B]

Greece and the world

Japan has a shrinking economy but, a growing debt load. What is the prognosis?
Record 62% of households in Japan face financial hardship | The Japan Timesthe mantra of the bankers is; NO bank investor will ever lose any money
"As expected, a Greek government spokesman promptly said that the IMF report is in line with the Greek government's view on debt.

What makes the IMF report even more odd, is not so much its content and position which have been largely known for quite some time now, but its timing: just three days before the Sunday referendum, Tsipras now has prima facie evidence to wave in front of the Greek people and say "see, we were right all along."

http://www.zerohedge.com/news/2015-07-02/did-imf-just-open-pandoras-box

Greece Again Can Save The West -- Paul Craig Roberts - PaulCraigRoberts.org

[Danny B]

The future of bonds in a shrinking economy

A shrinking population in developed States coupled with a shrinking economy means that there is a shrinkage number of companies and persons who are producing a surplus. 1.4 million companies have left America since 2007. GOV prints ever-more to support the growing parasite load. Many of these people are willing and able to work but, the industrial economy has no need for them. Various GOVs have inflated the public debt load by $ 200 trillion to maintain the standard of living for companies and persons who have no niche.

ALL credit bubbles pop eventually and this one has very little time left. GOV squeezes out ever more tax to support non-producers. Every 1 dollar of additional tax reduces the producing economy by about $3. Bonds are a means of spending tomorrow's productivity,,, today. Tomorrow's productivity is drastically reduced. Taxing has reduced it even farther. Bond buyers must have confidence in future wealth production to rationally buy bonds. Rationality is in short supply and confidence will soon join it.

Most of the developed states are in a demographic crash. Many of the non-producers are the elderly. The bond market will crash because it is mathematically unsupportable. Bonds are in a bubble because wealth has run down. After the reset, there won't be any logical reason for a bond market. Wealth will be whatever we have on hand. This will leave the seniors with nothing. GOV will try to tax-and-print but, there will be little actual wealth. The pension plans will be bankrupt. When public debt blows to smithereens, you will have whatever tangibles are at hand.

Man's history is a history of increasing productivity and price DEFLATION It used to take 2 weeks of common labor to pay the cost of a pair of shoes. Man escaped the hunter-gatherer society as his productivity increased. When he developed agriculture and animal labor, he produced enough surplus that some people could become artisans and form towns that didn't have to do subsistence agriculture. As it required ever-less people and work to produce man's daily bread, he was able to form cities.

This was all tied to productivity and price deflation. As more and more people are displaced from the productive economy, they must return to the agricultural or hunter-gatherer lifestyle. This drastically reduces his purchasing power. As the producing economy withers away from lack of consumers, more and more people are displaced. More and more people are driven to undertake the change to agriculture for survival.

Cities are an artefact resulting from industrialization and price deflation. The bankers have blocked price deflation for the last few decades. Industrialization is crashing because parasitic interest and debt have reduced purchasing power.
Just as Greece is declared "non-viable" by the iMF, our cities will become non-viable. One of the Roman emperors forbade Romans from going to the countryside to do subsistence farming.

John Tainter, "The Collapse of Complex Societies" ,,, "As a society collapses, it peels away layers of complexity like peeling and onion."
Roberto Vaca, "The Coming Dark Ages" ,,, he writes about the breakdown of super-systems like communication and transportation.
Ayn Rand, "Atlas Shrugged" ,,, she writes about a scenario where the small number of people who actually hold things together decide to pack up and leave.

Energy is the master resource. Free energy could bring the price deflation that would be necessary to make the cities and agriculture viable once again. A debt jubilee would bring a temporary halt to much of the destruction but, nothing permanent.
A bond collapse will affect the non-producers and the cities first

[Danny B]

Jim Willie and the current mess

Jim Willie; "The safe haven is Gold & Silver, in the form of bars & coins, kept secure outside all nations that speak English, and outside nations that are closely allied with the USFed and USDept Treasury which operate like a vast crime syndicate."
" But the death warrant factors have grown, while the dynamics of the pathogenesis have amplified. A grand isolation will result, like a quarantine, followed by liquidation, identification of the grand rogue nations, clarification of the terrorism source, finally marked by removal of the USDollar as global reserve. In its place will come the Chinese RMB currency as caretaker reserve currency, followed in time by the return to the Gold Standard. Several nations will issue sovereign debt in RMB terms, much like the many Western corporations."
The IMF says that we will get a new reserve currency October 20.
First Look: U.S. Dollar Substitute to Go Public on Oct 20th?

Gold is waiting in the wings; A Simply Outrageous Call On Gold - SPDR Gold Trust ETF (NYSEARCA:GLD) | Seeking Alpha

" The USEconomy and US financial system would never recover from the bank heist at the World Trade Center. Most Americans were not even aware that WTCenter housed the largest private bank in the world. The USDollar was given a delayed death sentence."
"The events of 2014 with the Ukraine War was the most starkly ugly demonstration of war to defend the USDollar. Not one in ten Americans regards the war as a defensive desperate defensive measure to defend an increasingly rejected USDollar on a global scale. Russia no longer wishes to use the USDollar, just like Iran. The Kremlin booted out the Rothschild bankers two years ago. "
That is a sure way to create problems for yourself.

"Langley has long used a strategy to disrupt nations, to destabilize enemy nations
In the last decade, disruption, destabilization, and ruin has extended to allied nations
Numerous terror events have a Langley MO and signature, usually tied to motive
See Oslo bombing, Madrid train bombing, Fukushima earthquake, Bremen fire
Texas should beware of refinery explosions, after New York Fed gold request"

https://www.perpetualassets.com/news/2015/07/02/us-dollar-death-guarantee/

John Nash and Yanis Varoufakis talk about "ideal money". In conversation with John Nash Jnr on Ideal Money | Yanis VaroufakisEconomic Stagnation And The Global Bubble | David Stockman's Contra Corner

[Danny B]

The Pope, Ron Paul, and Ellen Brown

Ron Paul; "Former Texas Rep. Ron Paul called for "a revolutionary change in our economic thinking" "I don't think anybody should be running the economy and that's the whole fallacy of our last hundred years," Paul said.
"We do not have a free market. Every day the market gets less free, individual liberty gets further eroded, and we expand ourselves further around the world and the only reason this exists is that we have been endowed with the ability to print the reserve currency of the world," he said.
Sure, until October 20th.
Read Latest Breaking News from Newsmax.com Ron Paul: Trump Isn't the Solution for the EconomyBY GOVERNMENTS
Martin Armstrong is adamant that hyper-inflation is caused by a loss of confidence, not overprinting.Given enough time, and the miracle of compounded interest, borrowing debt money from banks will raise the debt burden to where it is unpayable.The use of gold and silver as the only "money" created an inelastic money supply. Trade couldn't expand as fast as population and productivity expanded. Credit was used to expand the money supply by creating fractional-reserve banking backed by gold. Gold served as a proxy for the general economy. It limited the credit supply so that it was somewhat commensurate to the overall economy.

"Land and natural resources, once considered part of the commons, have long been privatized and financialized. More recently, this trend has been extended to pensions, health, education and housing. Today financialization has entered a third stage, in which it is invading infrastructure, water, and nature herself. Capital is no longer content merely to own. The goal today is to extract private profit at every stage of production and from every necessity of life.

The dire effects can be seen particularly in the financialization of food. The international food regime has developed over the centuries from colonial trading systems to state-directed development to transnational corporate control."
ah yes,,, the commons. All that land just going to waste.
Koch-Backed Group Calls For No More National ParksChina is seriously poisoning their land with hundreds of tons of mercury, lead, arsenic, cadmium, etc from burning coal. They plan to build nukes but, with all the leaky reactors, they must have second thoughts. They need ZPE.
A Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World | Common Dreams | Breaking News & Views for the Progressive Community

[Danny B]

no future for the Eurozone

The Eurocrats fashioned the European Monetary Union without

http://www.theautomaticearth.com/wp-content/uploads/2015/07/NationsOutsideEuro600.png

This Is Why The Euro Is Finished - The Automatic Earth
There is NO saving the project because the debt load wipes out all productivity. The troika has to resort to outright theft;

Greece has no money so, whether they vote yes or no, the long-term result will be much the same. This site has a flow chart and a lot of lies.
Grexit: Why even ?yes? could see Greece leaveWhy the Effff is J.P. Morgan involved in any way?

http://www.zerohedge.com/news/2015-07-04/6-hours-until-greek-vote-where-we-stand

The Greeks are going to get rogered BAD, "FORMER CIA DIRECTOR IN CHARGE OF GREEK REFERENDUM ELECTION COMPUTERS. RIGGED ELECTIONS SINCE 1981 WHEN PAPANDREOU FIRST CAME TO POWER?"

https://birdflu666.wordpress.com/2015/07/04/former-cia-director-in-charge-of-greek-referendum-election-software/

[Danny B]

Marketing the 'Russian Threat' - PaulCraigRoberts.org
The troika refuses to allow Greece to reduce military expenditures.

[wayne.ct]

Wayne.ct, here is a story to entertain you. It is about the Hunt Bros. and the Circle K cowboys.
Money - Then and Now | Gold Eagle

The story does not mention JPMorgan but it does implicate the eastern money establishment. Are they the same? The advice was pertinent and/but the date line of January, 2004 is almost 11 1/2 years ago. I am going now to check the chart of the price of silver over the last 11 years.

[wayne.ct]

Silver in January, 2004

Approx. 6.50 USD/oz. Rule of 72: 12 years, 6 %pa.

[Danny B]

JFK Killed After Shutting Down Rothschild’s Federal Reserve; List of US Presidents Murdered by the Rothschild Banking Cartel | Humans Are Free

The Hunts couldn't very well corner the market for silver when GOV was trying to flood it. The silver finally ran out in October of 2005. From then on, the price climbed.

[wayne.ct]

Hunt's Cowboys

Interesting? Yes. Funny? Not sure. Instructive? I wonder about that. There was a lot of detail that was new to me and that makes me hesitant. I do have a bit of the gambler in me and most people (I think) are more risk averse than I am. Either way, the Hunts found they got the short end of the stick. The house, in this case, was The Fed and the "eastern establishment." Now I am wondering. What happens next? We seem to be in a period of stagflation while at the same time the media and the masses are largely in denial. Will the US move toward recovery or more decline?

[Danny B]

What's next?

TOTAL COLLAPSE

https://www.youtube.com/watch?v=JFUCo__yJI8