Economic pressures

[Danny B]

Hegel's dream,,,less law, more profit,,, chinese lock up more markets

Armstrong said that interest rates are going to go up faster then people realize is possible. We get a 2fer.
"The energy output of the sun peaked in 2015 and has been crashing faster than anyone thought possible."

https://www.armstrongeconomics.com/world-news/climate/climate-change-the-43-year-cycle/

Social Security is on the ropes,

https://www.nationalreview.com/2018/05/social-security-warning-future-benefits-bold-leadership-needed/

A bunch of pensions are on the ropes,

https://www.benefitnews.com/news/multiemployer-pensions-in-critical-condition

https://dailyreckoning.com/welfare-another-name/

Armstrong said that 33% of those employed worked for GOV of some sort. I thought it was much lower. Just imagine, everybody working for the government. Dunno if it includes private contractors who sub out GOV work.
Communitarianism - Final Synthesis In Hegelian Dialectic

Just as the banks killed Glass-Stegal, they are now killing off more of the Dodd-Frank bill.

https://splinternews.com/congress-just-did-a-huge-bipartisan-solid-for-wall-stre-1826245874

We don't need no stinkin regulations.
You Brits have a big divorce bill waiting for you.

https://www.independent.co.uk/news/uk/politics/brexit-divorce-bill-uk-pay-eu-trade-deal-talks-david-davis-suella-braverman-a8364841.html

Evidently, the military-industrial complex is getting stressed out after 20 years of constant war.

https://www.rt.com/usa/427593-pentagon-report-munitions-bombs/

https://tomluongo.me/2018/05/24/petroyuan-is-only-the-beginning-pop-goes-the-metals-market/

If the U.S. military is already short of strategic materials, just imagine what it will be like when China starts locking down more metals than just rare-earths.
This is one more reason why China will blow Taiwan out of the water before they will let Pox Americana get the the North Korean bonanza of rare-earths.

China can cause a huge spike in the price of gold any time that they want. They know that the crash is coming. They helped it along. Gold will be re-priced and, they have the gold. This gold will buy confidence from the R.O.W. Uncle Sam has empty vaults.

https://www.businessinsider.com.au/rba-lays-out-the-risks-of-chinas-debt-bomb-2018-5

Here is a good article on understanding the difference between the Federal Funds rate and the LIBOR rate. It is worth understanding.

https://seekingalpha.com/article/4176659-paying-attention-wrong-interest-rate

[Danny B]

EM, Deutsche bank,,,Italy,,, Armstrong

Armstrong has a short vid on understanding the difference between money and assets.

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

Central banks want to know who owns what,

https://www.youtube.com/watch?v=tFmof_wq1xw

https://www.youtube.com/watch?v=lrHfd0hsBhY&t=118s

Armstrong on BTC and money laundering,

https://www.youtube.com/watch?v=FDY7OuIwHGA

The corporatocracy and the Eurocrats were not able to completely erase democracy.

The real cost of living index,
Chapwood Index - The Real Cost of Living Increase Index Vs Consumer Price Index - Founded by Ed Butowsky

Here is a graph of emerging market currencies,

https://www.activistpost.com/wp-content/uploads/2018/05/Untitled-8.png

https://www.activistpost.com/2018/05/is-emerging-market-turmoil-deutsche-banks-black-swan.html

So, is Deutsche bank going to collapse before Italy Collapses?


Better get used to it.
The U.K. military needs LOTS more money to prevent a Russian invasion.https://www.rt.com/uk/427759-mod-fun...uclear-russia/

[Danny B]

Euro,,,stimulus to the moon,,,Jubilee

Keep in mind that everything is speeding up. When a person buys a bond, they are going "long" the currency. When a person buys stocks, they are going "short" a currency. Armstrong.
The CBs tried to print up so much currency that much of it would flow into bonds. Traders are blowing up RE prices and stock prices to avoid bonds.

https://www.theautomaticearth.com/2018/05/this-is-the-end-of-the-euro/

As if Europe isn't screwed up enough all ready, "They" are working to flood it with 100 million mostly useless immigrants. https://refugeesmigrants.un.org/inte...onference-2018

https://www.youtube.com/watch?v=3Z4woNYMyz8

Minus most of the banks. NOT on Obummers watch.

"If we've been in "recovery" for years now, as the central banks have been touting, then why has 2016-2108 seen the most stimulus ever injected into the system?"
What do you think paid for the recovery?

https://www.peakprosperity.com/blog/114062/end-stimulus-and-start-crash

https://creditbubblebulletin.blogspot.com/2018/05/weekly-commentary-unfolding-instability.html

"The crisis will create a domino effect and trigger global financial contagion, which I usually refer to as "The Great Reset."
The collapse of high-yield bonds will hit stocks and bonds."
Side note

"As always, a U.S. recession will spark higher federal spending and reduce tax revenue. So I expect the on-budget deficit to quickly reach $2 trillion or more. "
Who is going to buy all this dirty paper?
"Meanwhile, job automation will intensify, with businesses desperate to cut costs. The effect we already see on labor markets will double or triple."
Side note. https://www.axios.com/cities-act-to-...9ccceabe3.html

https://www.zerohedge.com/news/2018-05-25/mauldin-2020s-might-be-worst-decade-us-history

[Danny B]

General Strike,,, 12 indicators,,,Italy,,, eternal money printing

The lower loop of the economy is where all the actual work gets done.
Have you ever heard of investment bankers calling a general strike?
Nope, the general strike originated between the Patricians and Plebeians in Rome. It has been used many times since then.
Wiki, "1947, General Douglas MacArthur, as Supreme Commander of the Allied Powers in Japan, banned a planned general strike of 2,400,000 government workers, stating that "so deadly a social weapon" as the general strike should not be used in the impoverished and emaciated condition of Japan "
"the general strike as a mechanism to prevent war, which anarchists supported, but socialists refused to endorse.[32]"

Here is a good article on worker compensation levels between workers and management.

https://www.dollarcollapse.com/next-populist-political-issue-ceo-pay/

Brazilians have discovered that they don't need a general strike to bring everything to a stop.

https://www.reuters.com/article/us-brazil-transport/brazil-truckers-maintain-blockades-near-standoff-with-military-idUSKCN1IQ1N7

Even Uber drivers have joined in and, are blocking fuel trucks from leaving refineries.
Truckers' strike brings Brazil's economy to a halt - News - The Ledger - Lakeland, FL12 Indications That The Next Major Global Economic Crisis Could Be Just Around The Corner

So, just how much default can the system take before it melts down?

https://www.dollarcollapse.com/debt-slaves-part-1-million-dollar-student-loans/

Doesn't matter much. Nobody is buying Italian debt besides Draghi.
,,, say the Germans.
Yeah, Draghi has his finger in the Italian dike.
Bonneville is going to melt down


Rajoy attacked the Catalonians. This did NOT go down well with the rest of Spain.
WARS

https://ellenbrown.com/2018/05/26/blackstone-blackrock-or-a-public-bank-putting-californias-funds-to-work/

https://www.zerohedge.com/news/2018-05-25/central-banks-have-thrown-towel-monetary-responsibility-pt-2

Putin is warning about the dire effects of protectionist measures. The Smoot-Hawley act in the 30s reduced world trade by 50%.

https://www.rt.com/business/427767-putin-world-trade-peace

/

[Danny B]

Italy,,,safe-haven,,,blob state,,, suicide

The Eurozone was constructed so that unelected technocrats ran everything. They were not able to completely eradicate the voting process. The Italians voted for leaders to throw out the entrenched technocrats.

Technocrat.


The Italians have been well reamed by the flood of immigrants. The Italians asked Brussels for financial help to deal with the flood created by EU policies,,, and American bombs. Brussels refused. The economy of Italy has shrunk substantially since the blob State of EU administrators descended on it.
"Italy bond yields soar" Not for very long, they won't.

Yeah, Portugal is probably next.

Do tell.

The original model for the Eurozone was a disaster at inception. Possibly, this was done on purpose to bring on a crash. The crash would be allowed to fester until everybody was ready to accept the SDR. That is what the Western PTB planned all along,,, at least according to the cover on F.T. The SDR would be a 100% continuation of the Bretton Woods credit card. The R.O.W. isn't going to have anything to do with that idea. They will lock down exports until Pox Americana is kaput.

So, the dollar is going up. The EMs can't afford debt service. PREVIOUSLY, Pox Americana would just send in the CIA and military to trash the government and pillage everything in sight. SCALE. The world has just gotten too big and powerful for Pox Americana to give it a good thrashing. We (the neocons) have managed to unite the whole world against us. There is really nothing to keep the emerging markets from defaulting.

When Italy really goes off a cliff, that will push the dollar that much higher.

https://www.zerohedge.com/news/2018-05-28/trigger-next-dollar-surge

"Consider that the financial recoveries in the United States, Europe, the United Kingdom, and Japan (the economies that the 2008 subprime crisis damaged the most directly) would not have been possible without quantitative easing (QE) policies."
RIGHT, recovery.
https://www.lombardiletter.com/the-signs-of-the-next-financial-crisis-are-getting-louder/28418/?utm_source=categorypage&utm_medium=articlelist&ut m_content={6}

Here is a rundown of our debt,
Why America Is Heading Straight Toward The Worst Debt Crisis In History

Many years ago, the California legislature moved the highway and gas tax funds to the general fund. Every few years, the State creates a new tax to repair the roads. They collect more tax but, don't actually spend it on the highways. So, now they are claiming once again that a new tax is needed.

https://www.zerohedge.com/news/2018-05-26/californians-are-willing-repeal-gas-tax

Gas tax hike has Californians paying more for less - The San Diego Union-Tribune
This will buy more votes for the Champagne socialists. It is actually a scheme to send a lot more money to CALPers. The blob State wants to ensure their own retirement. Remember, the blob State is the writhing mass of bureaucrats who keep demanding ever-more money.

The French State spends 57% of the GDP. VERY generous of them. They are way out of compliance with EU law on debt levels. Macaroon wants to do something about that.

https://www.rt.com/news/427866-france-anti-macron-protests/

http://professorconfess.blogspot.com/2018/05/illinois-university-cut-faculty-pay-to.html

Keep in mind that a great number of administrative jobs have been replaced by computers. The schools (and State) are packed with well-paid zombies. Their pay level is WAY above the teachers who do the actual work. They sit in their offices writing memos to other administrators.

The youth have had their future stolen by the bankers. They have little hope of a good job and / or family. Depression sets in.

http://thesoundingline.com/overdose/

https://www.zerohedge.com/news/2018-05-26/mapping-tsunami-suicides-across-america

[Danny B]

Eurozone melting faster and faster

"The ECB has been intervening BECAUSE as we have warned, there is NO BID. Interest rates for Italian debt have almost doubled in a matter of days."
"The absolute ONLY way to SURVIVE is to maintain a GLOBAL PERSPECTIVE."

https://www.armstrongeconomics.com/international-news/europes-current-economy/the-euro-crisis-is-unfolding-on-schedule/

"They could not find a SINGLE analyst in Europe willing to join me. Not that they disagreed, but for political reasons, they did not want to stand up and say the Eurozone dream was coming undone. No analysts at the top banks would dare come out and say what I have said and still hold a job. The ECM would have been on the phone and that analyst would be fired. "
"My sources there have expressed it best that they see Italy has been invaded and it is now an occupied country under the Eurozone. "

https://www.armstrongeconomics.com/international-news/europes-current-economy/euro-crisis-unfolds-as-politics-in-italy-views-they-are-now-an-occupied-country/

Well, you can see why Armstrong's model is focused on confidence. You can also see why Central Bankers want a universal crypto-coin. They could easily control all capital flows.

Brain-dead analysts who pay no attention to global capital flows,,,, NO attention to sovereign bankruptcy. No private capital is flowing into southern European sovereign debt. German Bunds,,, yes but, nowhere else. No capital is flowing into U.S. sovereign debt either. That is why we have seen the charade of the BLICS buying it or "other" buying it. So, while stock values have hit the stratosphere, big money knows that the eventual losses would be worse in public debt.

The Eurocrats believed that they could negate all democracy and that; the people of Europe would have no recourse, no escape. What they seem to have ignored in their simple-minded rush for control of the People and State is; they couldn't control the flow of capital. So strange as it may seem, it will be the bankers and investors who bring down that god-awful bureaucratic nightmare known as the Eurozone.

[Danny B]

Henry Makow

On Oct 12, 1915, Edith Cavell, 50, a British nurse and head of a teaching hospital in Belgium, was shot by a German firing squad. Her death inflamed anti-German feeling in the US and caused enlistment in England to double.

She had helped some British POW's escape. Normally her crime was punished by three months imprisonment. Why was she killed?

According to Eustace Mullins, Edith Cavell had stumbled upon some damaging information. On April 15, 1915, The Nursing Mirror in London published her letter revealing that the Allied "Belgian Relief Commission" (charged with feeding Belgium) was in fact channelling thousands of tons of supplies to Germany.

Sir William Wiseman, head of British Intelligence and a partner in the bankers Kuhn Loeb, demanded the Germans execute Cavell as a spy. Wiseman believed that "the continuance of the war was at stake." The Germans reluctantly agreed, thus creating "one of the principal martyrs of the First World War." (The Secrets of the Federal Reserve, pp. 72-73)

Pretty cynical you say? No more cynical than demolishing the World Trade Center, murdering over 3000 Americans to start a "War on Terror."

This example of cooperation between belligerents was accomplished because Wiseman worked closely with the head of the US Federal Reserve, Paul Warburg . Warburg's brother Max was Chief of German Intelligence and a close friend of Kaiser Wilhelm.

The London-based central bankers use wars to weaken nations and colonize the world (incl. UK, US Israel etc.). The difficulty executing WWI was that they had already bankrupted the European states by selling them battleships and other armaments. Europe couldn't afford a war!

The introduction of the US Federal Reserve and the Income Tax Act in 1913 solved this problem. US government loans financed World War One. The American people were on the hook for both sides of the conflict.

This is how it works: The banksters created money from thin air based on the credit of the US government. Every dollar they "loaned" the US government was a new dollar in their pocket.

No nation is free if it cannot control its own credit, i.e. print its own currency at will. We are not free. The central banking cartel controls us by threatening to withdraw our credit i.e. currency causing economic turmoil.



HOW THEY PROPPED UP GERMANY

Another obstacle to war was Germany and her allies did not have the resources to fight for more than a year.

As Edith Cavell's discovery suggests, the banksters solved this problem by trading with "neutral" states: Switzerland, Belgium, Holland, Denmark, Norway and Sweden. Thus, the banksters allowed essential resources from England, the US and the British Empire to reach Germany indirectly.

The whole thing is documented in a book entitled, "The Triumph of Unarmed Forces 1914-1918" (1923) by Rear Admiral M.W.W.P. Consett, who was British Naval Attache in Scandinavia. His job was to keep track of the movement of supplies ("unarmed forces") necessary for the continuation of the conflict.

For example, Scandinavia was completely dependent on British coal. So the Swedish iron ore that became German submarines that sank Allied shipping reached Germany on vessels powered by British coal.

Germany needed glycerin (animal fat) for the manufacture of explosives. England had no trouble securing this substance because it controlled the seas. After the war began, the demand for these products from neutral countries "exploded." The British continued to fill these orders. They could have restricted them.

The same applies to copper, zinc, nickel, tin, and many other essential products. Consett believes that had they been embargoed, the war would have been over by 1915.

The trade of tea, coffee and cocoa to neutral countries also increased dramatically but these products often weren't available there. They all went to Germany for huge profit.

Consett's protests fell on deaf ears. The Minister of Blockade was Robert Cecil, a member of the Round Table (i.e. central banker) cabal.

Similarly, the central bankers financed the German side through their Scandinavian banks to the tune of 45 million pound sterling. (p. 146.)

The Allied nations became the banksters' debt slaves: "Despite the huge revenues raised from taxation, the British national debt rose tenfold. The government failed to use its bargaining power as the only really massive borrower in wartime to get money at low rates of interest. The French national debt rose from 28 billion to 151 billion francs ..." (Davies, The History of Money ) The US debt soared from one billion to $25 billion.

According to "The Merchants of Death" World War I was waged by 27 nations; it mobilized 66,103,164 men of whom 37,494,186 became casualties (about 7 million dead.) Its direct costs are estimated at $208,000,000,000, its indirect costs at $151,000,000,000. And these figures do not include the additional billions in interest payments, veterans' care and pensions, and similar expenses..."

Can there be any doubt that mankind is in the pernicious thrall of Satan-worshippers??

MISSION ACCOMPLISHED

As mysteriously as it began, the war ended. In Dec. 1918, the German Empire suddenly "collapsed." You can guess what happened. The banksters had achieved their aims and shut off the spigot. (Hence, the natural sense of betrayal felt in Germany, exacerbated by the onerous reparations dictated by the banksters at Versailles.)

What were the banksters' aims? The Old Order was destroyed. Four empires (Russian, German, Austro-Hungarian and Ottoman) lay in ruins.

The banksters had set up their Bolshevik go-fers in Russia. (They sponsor many "revolutionary" movements as a way to eventually control all property themselves.) They ensured that Palestine would become a "Jewish" state under their control. Israel would be a perennial source of new conflict.

But more important, thanks to bloodbaths such as Verdun (800,000 dead), the optimistic spirit of Christian Western Civilization, Faith in Man and God, were dealt a mortal blow. The flower of the new generation was slaughtered. (See "The Testament of Youth" by Vera Brittain for a moving first-hand account.)

After a grueling economic deflation and another World War, mankind was sufficiently demoralized to accept the banker-run "world government" dictatorship. Can anyone question that the bankster philosophy is satanic?

The broad sweep of history reveals the pattern. The murder of the Austrian heir Arch Duke Ferdinand by the Masonic "Black Hand" group (which began WWI) was a staged event, an "excuse" i.e. the equivalent of Sept. 11, 2001.

The banksters also supported the Nazis in World War Two as Charles Higham documents in his remarkable book, "Trading with the Enemy" (1983). For example, Rockefeller's Standard Oil supplied petroleum to the Nazis.

CONCLUSION

Modern history is the account of how the central banking cartel converts its monopoly of credit into a monopoly of power. This entails destroying our connection with nation, religion (God), race and family. It means substituting objective truth (God, nature) with their Dictat (political correctness, etc.)

It takes courage and clarity to understand we are mice in their lab experiment. We have been sold out by our "leaders", dumbed down by our media and education and spoiled stupid by the welfare state. (Everyone can be bought.) We can't even recognize what is happening, let alone act.

For now, we have prosperity and think we are free. As Aldous Huxley said:

"A really effi*cient totalitarian state would be one in which the all powerful executive of political bosses and their army of managers control a population of slaves WHO DO NOT HAVE TO BE COERCED, because they love their servitude. To make them love it is the task assigned, in present day totalitarian states, to ministries of propaganda, newspaper editors and schoolteachers." [Brave New World, Bantam Books, 1967, p. xii. Caps added.]

https://www.henrymakow.com/001583.html

[Danny B]

Italy goes off a cliff

Everyone remembers when various European States voted on various eurozone treaties. Some States had to vote over and over until they finally got it right. What started out as an iron and coal pact became a prison created by oligarchs to tie every person to a post to be whipped. As the whole construct crumbles, the technocrats are getting ever-more harsh and ever-more honest.

https://www.zerohedge.com/news/2018-05-29/italians-outraged-after-eus-oettinger-says-markets-will-teach-them-not-vote

https://3r8md7174doo44lgpk3kou79-wpe...ieldsMay29.jpg

https://www.theautomaticearth.com/2018/05/hotel-europa/

Italian Debt Crisis: Italian Central Bank Is the Only Net Buyer of Italian Debt - The Sounding Lineinterest rate swaps. The contagion WILL eventually come here.

"But dramatic developments in Italy over the past 48 hours entitle one to say that the trouble brewing in that country is likely to dwarf anything that has happened in Greece.

This is a full-blown crisis in the Eurozone's third largest economy, nearly ten times the size of Greece's."

Read more: STEPHEN GLOVER: The arrogant EU elite is playing with fire | Daily Mail Online

[Danny B]

Armstrong,,, C.H. Smith

You will notice that I cite Martin Armstrong very heavily. His program, Socrates creates 500 reports on markets every day. It monitors RSS feeds and, just about everything else. While I understand that the person writing the software can have a great deal of effect on the final conclusions, his accuracy record indicates that the program is a realistic interpretation of the real-world.
There is also a feedback loop. The more that he proves his accuracy, the more that institutional money is going to follow his suggestions.

"The monetary system will change. That is beyond question. It is also beyond question that the dollar will rise and the rest of the world begins to crumble from its economic mismanagement of government. That dollar rise will break the back of the monetary system and the NUMBER one thing to survive will be tangible assets"
" So will you have something left at the end of the day to leave your grandchildren? Yes, if you listen and understand the shifts underway and realize that there is a difference between assets and cash."

"By exposing the problems and showing what the solutions are, just maybe when the money tree comes crashing down, we can all speak up and be heard to make sure what comes thereafter will be a reset in the proper direction compared to totalitarianism. EVERY Republic and Democracy has collapsed because of corruption"
"This is WHY I have continued to do the WEC events. We have to stay on top of what is happening globally to survive the future. If there is an urgent change in anything discussed at these events I will send an email notifying attendees of what has taken place."

"This may sound horrible, but it is also an OPPORTUNITY to shift investment money at the right time into commodities to survive. That is aside from the fact that you should be wise and stock up on some supplies and canned food in case that event unfolds. "

https://www.armstrongeconomics.com/armstrongeconomics101/economics/will-we-have-anything-left-to-leave-our-grandchildren/

"Just stay away from bonds right now. Interest rates can soar faster than anyone can imagine. We see Italian rates rise from 0.3% to 2.5% in a single day."

https://www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/when-to-pull-the-trigger/

Armstrong recommends that you get into tangibles.
"Just one major volcanic eruption can send food prices sky-high. According to our computer, we show food prices rising from 2020 into 2024. The computer is calculating everything and correlating eveny type of data we have assembled. Its forecasts are based upon that intense correlation."
So, everybody piles into food commodities and, nobody can afford food.

https://www.armstrongeconomics.com/world-news/climate/a-volcano-the-last-little-ice-age/

"Here is the S&P500 expressed in various currencies (click on image). This simple illustration shows how the world really functions. You will note that the S&P 500 is consolidating in US$ terms, but it is starting to breakout and make all time new highs in various currencies like the Euro. This is what I mean that each and every person will act according to their own self-interest. "
"The crypto advocates are actually cheering a one-world currency. They cannot understand that the Euro is failing because centralized planning fails. Their distributed ledger requires taking political power away from governments and installing a one-world economy where we all use the same cryptocurrency. They are blind to the simple reality that we do not have that much time left. We will still crash and burn BEFORE any reform can take place"

"I promised I would not leave anyone behind. That does not mean I must convert these type of people who will never listen. Nevertheless, we do not do ANY advertising and prefer to keep the individual readership small. Our bread & butter is institutions. If it was up to me, I would retire"
Armstrong did more than 7 years of hard time for contempt of court. Apparently, this has given him a sensitivity for the little guy.
"We move to a totalitarian state where the government will take even more power, or we move toward the light of reform and freedom. I do what I do for my posterity. That is my self-interest."

"Institutions, on the other hand, prefer I do no interviews with mainstream media and to shun advertising. Naturally, they do not want to see millions of followers. "
"Less than 5% of the money is really physical. The bulk is already electronic entries. Things are changing and ONLY AFTER the crash and burn is there an opportunity for reform. But make no mistake about it, if we crash, but do not burn, then the government will gladly take them up on electronic currency so they can monitor and tax everyone on everything."

https://www.armstrongeconomics.com/markets-by-sector/stock-indicies/sp-500/the-rise-in-us-share-market-in-foreign-currencies/

" Yes, when I say we can see a monetary reset as soon as 2021, this is no joke. There are critical points in a number of markets that I will reveal in Singapore. These are the lines in the sand. Once we cross them, there is no going back. This is a global systemic collapse. I cannot emphasize how serious this is going to be."

https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/a-global-systemic-collapse-opportunity-risk/

Smith writes about "buffers" for the economy. It is a very good article.

http://charleshughsmith.blogspot.com/2018/05/how-systems-collapse.html

[Danny B]

borrow like there's no tomorrow,,, housing,, gold & silver


NO fixes at all.


OK, what did we do with all this "money"?

OK, so, all the money was pumped into the upper loop but, don't forget the offence contractors. What about the lower loop?
https://www.zerohedge.com/news/2018-...e-20-has-begun


"The month of May is a "delivery month" for COMEX silver, and the total amount of "deliveries" has reached a level not seen since 2007. As you can see below, the total amount of "deliveries" for May has reached 7,157 contracts. This is the highest one-month total since December of 2007, and it represents a total "delivery" of nearly 36,000,000 ounces of "silver""

https://www.zerohedge.com/news/2018-05-29/surging-comex-silver-deliveries

The developed markets are not buying gold. The R.O.W. is buying LOTS of gold.

https://news.goldcore.com/ie/wp-content/uploads/sites/19/2018/05/in-gold-we-trust-gold-reserves-via-goldcore.gif?x78236

There is almost no available gold at the COMEX.

https://www.youtube.com/watch?v=N_9vIkeIr8w

Here are the details on the long-running crash of the EU.

https://thistimeitisdifferent.com/europe-lost-decade-charts

"Those outside of Europe may be surprised to learn that Germany's exports are roughly equal to those of China ($1.2 trillion), even though Germany's population of 82 million is a mere 6% of China's 1.3 billion. Germany and China are the world's top exporters,"

https://www.zerohedge.com/news/2018-05-30/why-eurozone-and-euro-are-both-doomed

Turkey is suddenly in deep do-do.

https://www.armstrongeconomics.com/international-news/turkey/turkey-on-watch-for-monetary-collapse/

[Danny B]

Italy in the fast lane

The EU will blow and, it appears that Italy is the detonator. I've already mentioned that; centralized control brings centralized contagion. Here is a short article on contagion.

https://capitalistexploits.at/2018/05/one-word-contagion/

The technocrats figured that they had the European tribes roped and bound, with no escape. Humans have a way of creating work-arounds. Here is one that is particularly terrifying,,, to the CBs

https://www.telegraph.co.uk/business/2018/05/24/worlds-bankers-awaken-full-horror-italys-parallel-currency/?li_source=LI&li_medium=li-recommendation-widget

Here is a good, short article about how, the technocrats have framed this as a battle. A battle against the Italians?? Is that the framework of the eurozone? NO WONDER the EU wanted to build an EU army. NOT for Russia. Nope, they wanted an army to thrash their own people into line.

https://www.telegraph.co.uk/business/2018/05/28/europes-soft-coup-detat-italy-watershed-moment/?li_source=LI&li_medium=li-recommendation-widget

C.H. Smith wrote that all plans must have an escape valve. JFK wrote that "Those who make peaceful revolution impossible will make violent revolution inevitable."
The Technocrats designed the EU with no plan "B",,, NO way out.


Yeah right,, 20-20 hindsight. The bankers loaned to Greece knowing that it was a deadbeat-borrower. They also knew that the EU did not have a common debt market. They had to have known that their loans would go bad. Did they loan to Greece hoping to take Greek land and assets in return for failed loans? Of course.

More capital flight.

Just wait until the hot money flows into food commodities too and, we can't afford food along with housing.
Great Britain imports many thousands of criminals, and, they commit crimes. The solution; get rid of pointy knives.

https://www.telegraph.co.uk/news/2018/05/27/knives-sharp-filing-solution-soaring-violent-crime-judge-says/

[Danny B]

$7 trillion algos,,,Today, Spain,,,sovereign debt building up pressure

Cross post; Trump has been outmaneuvred by the swamp.

https://www.globalresearch.ca/who-rules-america-2/5608802

So, what will the algos do when there is a big hiccup?

I have to emphasize SPEED. Yesterday, Italy was ready to blow. Today;

https://www.independent.co.uk/news/world/europe/spain-mariano-rajoy-no-confidence-vote-basque-catalan-corruption-a8377331.html

Rajoy was going to be Mr. tough guy,,, suck up to Brussels and, slap down Catalunia. Buena Suerte

"Seattle is in the list even before they impose this new outrageous tax of $275 per employee for companies that do more than $20 million in business annually. They claim it is for the homeless people"
"Once a government gets its hand on a tax, it is used wherever they need money and they never let it go. Like tolls on bridges and tunnels that were said to be there just to pay for the construction. The tunnels into NYC made so much money, the Port Authority then used it to build the World Trade Center. "
And MOSSAD knocked it down.

https://www.armstrongeconomics.com/world-news/taxes/seattle-made-top-10-most-expensive-cities-to-live-before-the-homeless-tax/

1913

https://d33wjekvz3zs1a.cloudfront.net/wp-content/uploads/2016/02/USIntAsTotal.jpg

"Can you imagine that the debt of all nations is about to explode with the slightest uptick in interest rates?"
"The Quantitative Easing in Europe and Japan have destroyed their bond markets. The central banks buy everything. The Bank of Japan bragged how they bought 97% of the new debt. Hello! That means there is no market!"

https://www.armstrongeconomics.com/armstrongeconomics101/economics/debt-is-only-money-that-pays-interest/

Armstrong, " really do not know who makes up this nonsense. They clearly do not look at history nor do they understand human nature. We WILL crash and I hope the BURN then becomes possible where we get reasonable reform without the totalitarianism that is so common."

https://www.armstrongeconomics.com/world-news/cryptocurrency/cryptocurrency-changing-the-world/

Keep in mind that Armstrong himself is completely convinced of the crash. He mentions that the big funds don't want him well publicised. He mentions that you might want to pick up some canned goods,,, just in case that it does crash.

Interest rates go UP;


Hey, this is the information age,,, word get around.

EFF Europe,,, viva, France, England, Scotland, Ireland, Espana, Portugal, Greece, Poland, Sweden, Danmark, Norway, Netherlands,,, and all the rest.
Germany and Belgium can get stuffed.


They should have figured that out $200 trillion in the past.


Don't forget the new tariffs.

SPEED!

[Danny B]

Deutsche bank,,, unemployment

Armstrong has all the info and details but, goes along with the party line that unemployment is 3.8%. Even the BLS admits that MANY millions are not in the labor force. I think that he is just playing it safe in public announcements.

https://www.armstrongeconomics.com/armstrongeconomics101/economics/non-farm-payrolls-blowout-all-the-analysts-show-usa-is-still-holding-up-the-world/

Here are the numbers from John Wiliams, Alternate Unemployment Charts

https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/euro/deutsche-bank-formally-classified-as-a-problem-bank/

The Eurocrats engaged in wishful thinking and dismissed the warnings from Armstrong.
Here is an interesting article about; how much currency is in circulation AND, how much gold is needed to back currency in circulation.

https://www.goldmoney.com/research/goldmoney-insights/gold-s-monetary-rehabilitation?gmrefcode=dollarc

[Danny B]

Oil, Italy & Turkey

The big institutional investors can not afford to engage in wishful thinking and wilful blindness. There is plenty of that to go around.

Japan never had one iota of fiscal discipline.

Yes, and contagion follows.

They can't possibly restructure without fresh money. Word gets around.

YES, all pumped at a loss financed by hot money from the junk-bond market,,,, that investors are abandoning.Yep, strangle Russia or, we will slap you down.Bibi isn't worried.
Oil and gas geopolitics: no shelter from the storm | Asia Times

https://www.armstrongeconomics.com/international-news/europes-current-economy/gdpr-resulting-in-destroying-german-internet/

https://www.theautomaticearth.com/2018/06/this-is-italy-this-is-not-sparta/

Yep, how to destroy an economy without spending a dime.

" Argentina spent the last 3 years borrowing an enormous amount of money; it has defaulted on its international debt 7 times since its independence in 1816; and spent most of the last decade in investment purgatory"
"Like Bangladesh and Zimbabwe, Argentina lies at the outer edge of this known universe, far from other EM countries like China, Peru, Indonesia and Mexico and Vietnam, and lightyears away from the developed world. Only in a world of financial repression by central banks could a country like this issue an oversubscribed 100-year bond."

https://www.zerohedge.com/news/2018-05-31/why-turkey-and-argentina-are-doomed-one-jpmorgan-chart

[Danny B]

Conundrums,,,tariffs,,,Deutsche bank flameout,,,, EMs

Conundrums;
The upper loop people must keep the lower loop people working and, in debt. This is easily accomplished by manipulation of the currency and credit. If we stopped working, everything would come to a stop. At the same time, millions of workers are being squeezed out by automation and outsourcing. It is easy for the PTB to keep us poor but, it is very difficult to keep us working. It is even more difficult to keep us consuming. The banks have extended $trillions in credit that they know we can't pay back.

There is no possibility of getting off the credit merry-go-round. Since the public cut back on the use of credit, the State has to take up the slack.
We have a falling population and a falling energy consumption. There is no possibility that the public sector is going to revive the economy by increased spending. Here is a good comment.

The way I see it, the US has a "double edged sword" kind of problem.

1.) We need higher prices (inflation) to pay the debt monster and continue growing the debt monster (expansion).

2.) The consumer cannot survive higher prices on anything important like food and energy....where they have no choice.

They are trying to thread the needle between inflation and debt expansion. They need debt to ever grow but that will require higher prices. Until the greedy basterds start paying people some decent money, they can't afford higher prices. If you aren't making $20 an hour, then you are in survival mode. Even then you need someone paying a large portion of your healthcare insurance cost.

I live in oil country and $85-$100 a barrel would be great for us, but it would kill the rest of the country. Look at what is going on in Brazil right now. A clear example of reaching a breaking point. It is going to kill them.

Making up job numbers or creative earnings reports aren't going to cut it forever. It has lasted way longer than I thought it would and may go on a while longer, but it is growing clearer and clearer to more and more people that this can't go on forever......yet no one is changing anything.

Oil may be the tip of the spear. The problem is not supply but COST. Every year we not only use 34.7 billion barrels of oil but we need to keep the cost down to a level that the "consumer" can afford it. Getting that much oil and keeping the price low is getting harder and harder. The rest of the world wants some of that "cheap" oil too.

The dollar's lead pipe cinch on the oil market is being challenged. That will lead to higher prices for Americans. That is going to lead to economic "adjustments" for the US. The problem is the religion of MOAR. Everyone has to have MOAR. Moar money, moar interest, moar benefits, moar stuff.......moar, moar, moar,.....every quarter, every year. That is simply not sustainable.

Africa, "Bear in mind that we began to warn of China's growing 'colonization' of Africa back in 2010, noted China's increasing militarization of Africa in 2015, and recent warnings from US Generals that China and US are "on a collision course in Africa,"
Africa wants to drop the dollar in favor of the Yuan.

https://www.zerohedge.com/news/2018-06-02/de-dollarization-escalates-african-economy-needs-more-usage-chinese-yuan

China says that tariffs will make them abandon all trade treaties.
China warns all trade deals are 'void' if US imposes tariffs, other trade measures - ABC News (Australian Broadcasting Corporation)
India abolished 500 and 1,000 Rupee notes in an effort to get more control and more taxes. It is apparently not working.
Cashless society in India: Demonetisation gives way to chaos

Deutsches Bank is following the same financial path as Lehman Bros. and Bear Stearns. Worth a read.
Weekend Reading: Just A Pause That Refreshes? | RIA
The specter of a bail-in will send investors running pretty soon.

Here is a long comprehensive pdf that lays out a LOT of information.

https://ftalphaville-cdn.ft.com/wp-content/uploads/2013/01/Perfect-Storm-LR.pdf

It is in 5 parts.
"The economy is a surplus energy equation, not a monetary one, and growth in output(and in the global population) since the Industrial Revolution has resulted from the harnessing of ever-greater quantities of energy. But the critical relationship between energy production and the energy cost of extraction is now deteriorating so rapidly that
the economy as we have known it for more than two centuries is beginning to unravel"

Emerging Markets Index

https://i0.wp.com/www.dollarcollapse.com/wp-content/uploads/2018/06/Emerging-market-stocks-June-18.jpg?resize=400%2C490&ssl=1

EM bond index,

https://i2.wp.com/www.dollarcollapse.com/wp-content/uploads/2018/06/Emerging-market-bonds-June-18.jpg?resize=400%2C504&ssl=1

The EM currencies are falling and, this makes it much more difficult to service dollar-denominated debt.

https://i2.wp.com/www.dollarcollapse.com/wp-content/uploads/2018/06/Emerging-market-currencies-June-18.jpg?resize=400%2C579&ssl=1

https://www.dollarcollapse.com/emerging-market-chaos-four/