Economic pressures

[Danny B]

[Danny B]

"Precisely because the financial domain is threatened by disarray, it is imperative for countries to focus on upgrading their work force through measures to reinforce productivity," Did these people take stupid pills? All that the morons think about is productivity. Upgrade means,,, buy more robots. They ignore consumptive ability and then wonder why markets are sluggish.
No winners in a race to the bottom - The NationEmployment is crashing and all they focus on is productivity.

Forbes says to quit worrying about China because China can print as much currency as they want and save everybody. Will China Collapse?
When Russia collapsed, they were able to print as much currency as they wanted.

[Danny B]

Capital Controls and a Bank Holiday in Greece… Here’s How You Can Profit | International ManLord Of The Flies: Dytopia Is Arriving | Investment Research Dynamics
I do have a solution; https://www.youtube.com/watch?v=v2mj6mv_l2c

[Danny B]

Debt as far as the eye can see

"The government is 58% underfinanced. Social Security is 33% underfinanced. So, the entire government enterprise is in worse fiscal shape than Social Security"
"Millennials have been lured into and enslaved by $1.3 trillion of student loan debt, left with limited job opportunities and low pay, priced out of the housing market,"
"With default rates now exceeding 50%, students are angry, demanding relief from their own stupidity."
"Real median household income is lower than it was in 1989. Real hourly wages are at 50 year lows. Home ownership has plunged to 50 year lows"

[Danny B]

Ha-Joon Chang

"Ha-Joon Chang (Seoul, 1963) is one of the 10 world more influential thinkers, according to Prospect magazine"
Being so influential, one would think that he is smart. " he earned a doctorate in Economics at Cambridge"
"We need to think differently because at the moment the orthodox thinking is to cut debt, but there is actually a more effective way which is to grow your income. Unless you do that, people cannot borrow to invest and generate growth. " Again, the mindless chasing of growth.
"so unless you introduce social policies to help mothers work, make childcare affordable and so on, people will not have more children. " He brushes up against the truth but, doesn't follow through. Poor people in developed countries don't have kids that they can't afford. “We need to abandon this moralistic view on debt” | The CornerJapan’s Worsening Poverty Rate | Nippon.com
Chang never mentioned that wages have crashed.

[Danny B]

Tobin tax and negative interest.

" For example: if a central bank raises interest rates to defend its currency, those higher rates strangle the domestic economy. In effect, the central bank has only bad options: either accept a domestic recession to defend the currency, or let the currency devalue and watch the domestic economy implode as import costs soar and capital flees the devaluing currency.
Add all this up and it seems increasingly likely the next Global Financial Meltdown will arise in the FX/currency markets."
oftwominds-Charles Hugh Smith: The Next Financial Crisis Won't be Like the Last One
OK, the currency markets are the next problem area. What is GOV doing about that?
(Lord Hill), told a parliamentary hearing that his position on the so-called "Tobin tax" is that it should not be introduced in Europe alone. He added that this is not a view shared by many in the EU

The proposed tax on share, bond and currency trading would be a significant blow to the City of London, Europe's financial hub"
The rank-and-file pay a huge tax on everything (VAT). The idea that the rich should pay a small tax on transactions is anathema.
The claim is that this tax won't do much in the way of revenue collection. "
Tobin Tax is madness for Europe, and economic war against Britain"
Tobin Tax is madness for Europe, and economic war against Britain - Telegraph
The EU says that they are going to do it,,, they really need a lot of money. EU states to implement Tobin tax by January 2016 - European Union - RFI
Some States are already implementing negative interest to try to force sidelined money into the economy. It's a real screw job for any one with savings. https://blogs.cfainstitute.org/inves...s-of-the-game/
People go to cash to get away from the erosion of negative interest rates. The FED has the answer for that. http://www.zerohedge.com/news/2015-0...-physical-cash

[Danny B]

The gold is almost gone. The COMEX warehouses are empty. SO, what happens when the gold is all gone?
Arkansas spends just $36,000 a year to maintain 1 mile of 2 lane highway. New Jersey spends $ 1,102,000 a year to maintain 1 mile of 2 lane highway. World Holds Breath, Waits for “Death of the Dollar” | Wolf Street

[Danny B]

What part will gold play?

Pastor Lindsey Williams said that the "elites" told him that everyone needed to be prepared by the 15th of September. OK, so what happens?
J.P. Morgan had the largest gold vault in New York. They ran it dry and sold it. There is good reason to believe that there was a tunnel from there to the gold vault of the FED. Everybody knows the amounts of gold going to China. It isn't too difficult to figure where it came from. Ft. Knox was emptied years ago under Rubin.
China and America are in an all-out war at a few levels. The Chinese may decide that the time has come to up the ante. Should they prove that all the U.S. gold is gone, that would definitely cause a shock. China does not want to be the reserve currency. The want to be the major transactional currency.
The Commodity Exchange is considered to be a major player in the gold market. They actually do a lot of manipulation and almost no actual selling. They hold registered gold and eligible gold. One for sale,, one not.
If the FED gold is gone from N.Y and the U.S. gold is gone from Ft. Knox and the J.P.M. gold is gone, what are the chances that all the registered gold is still in the warehouses?
They don't actually claim to have much anyway, "Especially since with just 335 kilograms of gold, or less than 27 bricks, JPMorgan is now just one withdrawal request away from running out of deliverable physical gold."
"Today's latest ongoing reduction in deliverable Comex gold means that as of yesterday's close, there was a record 252 ounces of gold paper claims to every gold physical ounce of currently available and deliverable gold."

http://www.zerohedge.com/news/2015-09-15/comexodus-jpmorgans-vault-one-withdrawal-away-running-out-deliverable-gold

So, raise your hand if you think that all the non-eligible gold is where it is supposed to be. Suppose a few of the elites decide that now would be a good time to take delivery. The bullion dealers ( stealers) will have to declare force majeure. If you're going to have a Force Majeure, best to have Gold at the lowest price possible when cashing out those contracts. This explains more than anything the drive to keep the price of Gold down. The contracts will be cashed out at the same time that physical gold becomes completely unavailable.
There are about 4500 tons of gold traded every day because it is used as a reference.
Armstrong said that U.S. Treasuries would collapse in a couple of weeks. Should it be proved that the treasury has no gold, that would definitely cause a big bump in the road.

[Danny B]

Triffin's dilemma, Bretton Woods and world domination

The essence of Triffin's dilemma is; everyone who wants to save will demand that the owner of the reserve currency print more and more of it. This definitely happened. Since there were so many U.S. dollars circulating for so long, it was considered a safe currency. Interest rates were very low for dollar-loans. There are something like $ 9 trillion in dollar loans, mostly in the emerging markets. As investors desert currencies that are perceived as weak, there is an even higher demand for dollars. This drives up the dollar and makes it even harder to service dollar-denominated debt. Plus, outflows to stronger currencies leave even fewer dollars to service debt.
BUT, when a currency goes too high, nobody can afford to buy our exports. Domestic industry crashes. This $ 9 trillion is in grave danger of default.
Jim Willie said that the dollar would go up and up and then, disappear. I have a vision of a balloon popping.

https://www.youtube.com/watch?v=GFGg59JERDY

Armstrong; "We warned that the Sovereign Debt Crisis will begin in Europe, then hit Japan, and in the process will push the dollar to record highs which will inject deflation into the U.S. economy. Moreover, (not)only a rising dollar will send the U.S. economy down, but it will also create massive currency losses for the some $9 trillion in emerging market debt denominated in dollars issued since 2007. This is an amount equal to about 50% of the total U.S. national debt."
The outcome is simple,,, DEFAULT.
"As the world turns down from this debt crisis, capital will concentrate in the USA, pushing the dollar higher. This will hurt more debtors than ever, but this is what will be necessary to dethrone the dollar from the status of being the reserve currency."
Japanese Debt Downgraded by S&P | Armstrong EconomicsGlobal imbalances and the Triffin dilemma
The world demands that we buy more and more on credit. We had to get rid of gold convertibility to accommodate the enormous currency expansion. Unfortunately, we used our credit card to start wars everywhere.

The demand for U.S. dollars has been catastrophic for peace in the world. The world would rather return to gold than risk ever-more dangerous wars. The criminals of Tel Aviv, New York, London and the district of corruption have leveraged a deficiency in the Bretton Woods agreement into a credit card for world domination.

[Danny B]

Euthanasia of the rentier AND the economy

Big, Bad, Bald, Ben Shalom Bernanke said that there would be no normalization of interest rates in his lifetime; http://www.zerohedge.com/news/2015-0...ng-my-lifetime WHY?
A "rentier" is a person who lives off of the rent of money, or something tangible. Socialism calls for euthanasia of these people. Most of the people who rent their money or stuff are actually savers. What happens to capital formation and savings when you euthanize the savers? Keynes Said: Lets Euthanize The Rentiers, Instead, We Euthanized The Economy :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website
Keynes was never good at projecting the long-term effects of his rubbish; http://www.zerohedge.com/news/2015-0...thanasia-saver
The parasites are great at consumption but, never come up with productive schemes. That is up to the entrepreneur. They need capital to make their ideas come to fruition. Euthanasia of the saver stops this. The euthanasia of the rentier: Why the assault on savers must end - The Commentator
The FED didn't raise rates because they can't. They are destroying the pension funds and other large swaths of the economy. Maybe this is an accident and plain stupidity and,,, maybe not.
"Fed Makes Same Mistake as It Did in 1927"
"The Federal Reserve yielded to international pressure, making the very same mistake that it made during 1927. Back then, there was a secret meeting and the Fed agreed to lower U.S. rates to try to help Europe to deflect capital inflows back to Europe. The exact opposite unfolded in the aftermath when even more money abandoned Europe and flowed directly into the U.S. share market." The exact opposite, huh.
"In 1927, the Fed lowered U.S. rates in the middle of an economic debt crisis, which is the same path taken today. It is very curious how history repeats. We have just witnessed the Fed yield to international pressure once again. In doing so, they are condemning the elderly and U.S. pension funds to financial doom by setting in motion the next financial crisis."
Fed Makes Same Mistake as It Did in 1927 | Armstrong EconomicsConfidence,, huh. That just might affect confidence in treasury bonds. http://davidstockmanscontracorner.co...=ReviveOldPost
It is VERY likely that GOV will just extend maturities on bonds. You THOUGHT that you were holding 90 day paper. Guess what? It's now 10 year paper. http://www.armstrongeconomics.com/archives/37216YES, don't forget the tanks and guns. They are already staged and in place.
It's all wasted effort and a lost cause because the problem is systemic. http://charleshughsmith.blogspot.com...is-doomed.html
The banks were found to be manipulating interest rates (LIBOR), the price of gold and commodities, and a few other things. It was recently disclosed that they are manipulating the interest rate on treasuries A GREAT SURPRISE AND SHOCK. They are being sued by groups that depend on interest income. http://finance.yahoo.com/news/looks-...ail&soc_trk=ma
The FED is pandering to the bankers and perfectly willing to kill off the rest of the economy.

[Danny B]

The Fed has to deal with its own zombie apocalypse
The FED is trying to keep the economy going when the consumer can no longer do it. They infuse money into corporate America to make up for the lack of consumption. If they raise interest rates, 50% of corporations go bankrupt overnight.
The FED has a couple hundred PHDs working for it. At least some of them knew ahead of time that ZIRP never works. They knew that it is a guaranteed crash. Greenspan came out and said that the FED is NOT independent. The dirty fingerprints of politicians are all over the manipulation of interest rates. Politicians are parasites and parasites never entertain ideas of limitations on their wants.

Here is a great graph on the gold supply at COMEX warehouses; http://2.bp.blogspot.com/-eMBsgCri-w...eaur06.php.png
2% of contracts ask for delivery. It won't be long now until COMEX goes naked and people discover that their stored non-deliverable gold is missing. Jesse's Café Américain: Lions and Tigers and Deriding the Theory of Gold Tightness At the Comex, Oh My!

[Ruphus]

Consumption

I feel more and more awake from the brainwashing everyday. The lasted scam I have awakened from is the fitness industry. From increasing metabolism to "3 meals a day" importance, its all rubbish. I recently decided to try a biblical fast as I felt my body needed a "reset" of sorts. I went 4 days on just water without much trouble or struggle. I think the "3 meals a day" mantra may have been introduced to support farmer's increase in production of food. Why run 10 miles to burn 2000 calories when you could just decrease consumption by a couple of days. Could you imagine if all the other fat people in America decided to join me in a week long fast? How would that effect the economy? What if everyone just ate one good meal a week?

[Danny B]

caloric restriction

Ruphus, you are absolutely on the right track. It takes a LOT of reading. Here is a start. Caloric Restriction - Rhesus Monkey, CR, Insulin - Life Extension Health Concern

https://www.youtube.com/watch?v=FGF7EY2Ucm8

[Danny B]

The nuclear option approaches

"What's most disturbing about the above assessment is that Macquarie realizes this last ditch attempt to preserve the status quo will fail, but will - if nothing else - buy another 12-18 months.
So, is that the event horizon countdown: 1-2 years... and then?"
"....suddenly calls to bypass the banks become the norm and suddenly every "authority" on the topic, which so vehemently advocated for QE, admits it never worked from day one, and instead recommends that the only option left to save the world is the "nuclear" one?

Which, incidentally, is precisely what we said would be the endgame on March 18, 2009 - the day the Fed announced the full-blown first QE1. "
It Begins: Australia's Largest Investment Bank Just Said "Helicopter Money" Is 12-18 Months Away | Zero Hedge
Armstrong said that everything depends on confidence and that Treasuries would crash. The FED blew this latest opportunity to raise rates. NOW, Why The Fed's Credibility Is Crashing: The Market's Three Biggest Worries | Zero Hedge
Reportedly, there is MORE THAN ONE nuclear option. http://www.zerohedge.com/news/2015-0...its-debt-today
You are HERE, https://s-media-cache-ak0.pinimg.com...a45e24d7e0.jpgIt's comforting to know that we are maintaining our schedule When the Dollar Dies... : Waking Times

[Danny B]

electronic money,,, a boon for socialism

"suddenly calls to bypass the banks become the norm". Krugman says, screw the bankers.
Paul Krugman on ?the howling of the bankers?: What?s good for the banks isn?t good for America - Salon.com
Armstrong; "There appears to be no hope for the Fed; they will be forced to raise rates only when they see asset inflation in equities. Then they will have no choice. This is the worst possible mess and the longer they wait to normalize interest rates, the worse the total crisis will become for they will have zero control over the economy. Once that is seen, holy hell will break loose." Yellen Is Trapped in the Worst Nightmare Ever | Armstrong Economics
Stockman has an exceellent article about all the stupid decisions from the FED. Riding ZIRP Into The Doom Loop—–Monetary Central Planning’s Dead End | David Stockman's Contra Corner

SO, where does this lead and was it all planned? In 2004, one division of the SEC and one division of the FBI warned that a gigantic bubble of fraud was developing in the RE markets. These 2 divisions were disbanded and silenced. Bankers who refused to make liar loans were penalized. Everybody was encouraged to blow as much hot air into the bubble as possible. As each bubble popped, there were screams for rescue that necessitated a new and bigger bubble.
Looking at the record of the IMF and FED, it is easy to suspect that this was all planned.

Wiki; "The Jewish people have a rich history of involvement in socialism, Marxism, and Western liberalism. "
OK, so we have jews running the FED. Where are we going?
Rothschild, "Let me issue and control a nation's money and I care not who writes the laws"
He didn't say anything about "paper" money. The new frontier to be conquered is electronic money.

Keynes called for euthanasia of the rentier. This is a demand of socialism in general. That would involve the destruction of the banks also. ZIRP is definitely destroying the banks and rentiers. The FED is destroying everything in sight; "What Does The Fed Know That We Don't" - Bridgewater's Ray Dalio Answers | Zero Hedge
SO, we are on track for a general collapse. Then what?

When money stops circulating and everybody is screaming for a solution, presto, the White Knight (electronic money) rides in to the rescue.
The Crowning Glory of Keynesianism | International Man
The FED is trashing the system to bring it to and end. http://www.talkmarkets.com/content/u...t=73815&page=2
The collectivists are on the march, http://www.telegraph.co.uk/finance/p...-and-bust.html

FED GOV will control the ONE bank and that is where your savings will go, automatically. Paper currency will be a thing of the past. The Rothschilds don't care what happens to the lesser banks. They only care about controlling the ONE bank and issuing all electronic money and credit.
Every house will have smart meters. All wealth will be stored electronically. Everything will be monitored. Everything can be controlled from a distance.
There will be no grey market,,, no tax evasion,,, no dissent

Socialism has always been a bust. Capitalism + automation is a bust. Evidently, the world inprovers see fascist-socialism with TOTAL control as the next system.