Economic pressures

[Danny B]

Wealth sequestration / destruction is crashing

J.M. Keynes aid in 1930 that; in the time of his grandchildren, we would be so rich that we would only need to work 15 hours a week. The people of the world would have so much accumulated wealth that they wouldn't need to work very much. This is very problematic if people only generate the productivity needed to maintain themselves.
I've listed the various ways that the bankers inflate the currency to siphon off it's value for themselves. Since they are always first in line at the printing press, price inflation does not bother them. They take all that wet-ink money and, buy up everything that you need. They are always ahead of the game and, price inflation boosts the nominal value of the assets they hold.
Well, there are just too many of them and, they got too greedy. 95 million Americans of working age are not in the workforce. The rest are working at the global mean wage.
The income just isn't there for the banks anymore. The CBs pump in $trillions to keep confidence up.

I suppose that there was some way that we still could have held on to all that accumulated wealth that America had produced.... even after the bankers robbed us.

Shumpeter came up with the idea of "creative destruction" as a means to keep everybody working. If you don't continue to produce for the bankers and bureaucrats, they might go hungry. We are directly taxed heavily. We also pay heavily for the inflation-tax.
The Grace Commission created by Ronald Reagan reported that not one dime of federal tax money went to the FED GOV. Various other high level bankers and politicians have said that the GOV does not need to tax.

Walter Burien has completely proved that the FED GOV does NOT need to tax. Their own financial reports prove that they don't need the money. This is also true for much of non-FED GOV.
CAFR1 Home PageReport From Iron Mountain states that peace must NOT be allowed to break out at any cost. We build to destroy.
The CAFR report from GOV REPORTS shows that <40,000> GOV entities are collectively holding in excess of $200 trillion. The University of California alone system reports that it has $90.1 billion. This wealth accumulates and compounds.
BUT, Wall Street has sucked out $22 trillion since 1970. Aggregate wages have crashed and the financial services sector needs at least 6% growth a year.
MMT and UBI are a hoped-for solution. The financial sector is trying to suck ever-more blood from a shrinking / dying host

[Danny B]

A fair amount of it si coming from European capital flight.
Credit Bubble Bulletin : Weekly Commentary: Abject Monetary Disorder

https://www.peakprosperity.com/bizarro-world-the-herd-has-truly-gone-mad/

Armstrong, "But much the real trend driving the inverted yield curve is capital inflows seeking long-term yields. Much of the capital has moved in from Europe. In addition, the amount of money in fixed-income exchange-traded funds passed $1 trillion last month, an ascendance that has reshaped the market in which countries and companies raise money to pay their bills. This has also altered the yield-curve. These forces have changed the dynamics of the marketplace and the traditional inverted yield curve does not necessarily mean what it once did "
Everybody is pointing at the yield curve inversion as an inflexible indicator of recession. With huge capital flight, this is no longer true.

RenTech Pulls Cash From Deutsche Bank As Insider Warns Of "Lehman-Style" Scene
This is probably the LAST nail in the cofin for Deutsche bank.
Mexico Murder Rate Soars To Ave 94 Per Day
How Mexico Became the World's Second Largest Opium Producer



So, the FED is dumping mortgage backed securities. I wonder why?

https://www.zerohedge.com/news/2019-07-04/how-iran-will-determine-if-us-dollar-remains-worlds-reserve-currency

Pox Americana is demanding that Europe ignore and abandon the Russian gas line Nordstream. We demand that the European buy much more expensive American gas.
The Europeans have SPECIFICALLY designed alternatives to SWIFT so that they could buy Iranian and Russian gas.
So, what is a hegemon to do? Simple, find some pretext for war..

Bolton Welcomes UK Seizure of Tanker Containing Iranian Oil
Yeah, I bet he does.. He's worse than McCain.
Syria & Iran To Defy Sanctions By Building Railway From Tehran To Mediterranean
The article mentions that israel will probably bomb the railway.
Iran Calls Seizure of Its Tanker Maritime Piracy

[wayne.ct]

Negative Interest Rates

The elites seem to have a problem in that they must pay dearly to keep the EU operating. I don't know for sure but someone must be keeping track of the spread between keeping "money" in EU banks vs. US banks. The EU elites see their capital eroding and as much as possible "sell" Euros and "buy" USD. The US elites see their capital eroding as interest rates go up and their bonds collapse. The FED can't raise rates because they will (in their view) collapse the economy and start a revolution. The situation grinds forward with inflation in the US and depression in the EU (not to mention Japan) meaning anyone with sense (and money) is saving not spending.

Result? EU goes down first then US suffers inflation. Until then, US holds its own.

IMO.

[Danny B]

Print money with no plan B,,, rain &amp; food

Wayne, I'm surprised that more people are not contributing here,,, as you are.
I can't possibly have all the info,,, all the insight.
Instant global transfer of jobs and capital has wreaked havoc on all but a few. BUT, as globalism selected a few winners, it eventually destroyed the buying power of the losers. The winners like China and Germany are now crashing because their customers are broke. I firmly believe that the vast majority of people are NOT taking this seriously enough. The PTB do not have a CLUE of how to boot up a new system. We also have to consider that part of the PTB who want to do a gross population reduction.
How can we have a crash of credit markets and NOT have a crash of carbon energy deliveries? How can we have a crash of Sovereign debt and NOT have a crash in the part of the population who depend on State money?
As our magnetosphere weakens, the increased cosmic ray bombardment will cause a big increase in precipitation and cloud cover. Our albedo will increase. Cooling and crop destruction will increase.
Irrigated agriculture represents 20 percent of the total cultivated land, but contributes 40 percent of the total food produced worldwide.
So, 80% of our cultivated land depends on reliable

[Danny B]

How long can printing hold things together?

I found another one of those articles that should be read in it's entirety. I will cite and comment on it though.

There are growing signs that the global economic slowdown is for real. As was the case in 1929, the combination of the peak of the credit cycle coupled with trade protectionism in the Smoot-Hawley Tariff Act are similar conditions to those of today and potentially pose a serious economic challenge to the post-Bretton Woods fiat currency system. Therefore, we must consider the consequences if monetary policy (printing) fails to contain the developing recession and it turns into a full-blown slump. Complacency over broken markets is no longer an option, with rising prices for gold and bitcoin signalling the prospect of a new round of currency debasement (printing)to avoid market distortions unwinding. This article shows why this outcome could undermine fiat currencies entirely and looks at the alternatives of bitcoin and gold in this context.
$9 Million Lost Each Day In Cryptocurrency Scams - Investopedia
Crime still plagues cryptocurrencies; $1.7 billion was stolen last year


Never in all recorded history have financial markets been so distorted everywhere. In our lifetimes we have seen the USSR and also China under Mao attempt to do without markets altogether and fail, having starved and slaughtered millions of their citizens in the process. The Romans started a long period of currency debasement, lasting from Nero to Diocletian, who wrote prices in stone (the origin of the phrase) in a vain attempt to control them. While the Roman Empire was the known world at the time, it was essentially restricted to the Mediterranean and Europe. Subsequently, there have been over fifty instances recorded of complete monetary collapse, the vast majority in the last hundred years, which have led to the breakdown of every society involved.[i]And now we could be facing a global totality, the grand-daddy of them all.
The last 100 years has seen a huge rise in the unconstrained fractional reserve banking. If a little is good,,,, then more must be better.

We have become inured to cycles of credit expansion, driven by fractional reserve banking at least since the Bank Charter Act of 1844, which legalised fractional reserve banking. Extra impetus was given by central banks from the 1920s onwards.
Absolutely,, the wars must go on.The federal government should default on its debt | Fox Business
Between them, central banks and sovereign wealth funds that are buying equities in increasing quantities further the scope of quantitative easing.
So, just how long can this levitation go on?The last thing that government wants is to be efficient. That would wipe out State jobs. YES spend more on infrastructure. It didn't work for Japan but, don't worry about that. As long as you borrow this money from us, everything will be fine.Those animal spirits. are now working 3 part-time gigs to try to put some food on the table.

Credit cycles have been generally worsening, at least since the inflationary crisis of the 1970s, which followed the abandonment of the Bretton Woods Agreement in 1971. Central banks have debauched their currencies increasingly over successive credit cycles, building up to an inevitable apocalyptic crash. The approaching one could be our global totality, the grand-daddy of them all.
The collapse of the Bretton Woods Agreement was an event in a larger cycle of government intervention and failure. Von Mises knew it would happen, and he explained why in his The Theory of Money and Credit, first published in German over one hundred years ago. Ten years before it happened, he predicted the collapse of the mark and other European currencies in the early 1920s. Since then, we have proved that collectively we have learned little.
This is a lesson that the bankers do NOT want to learn

In 1929, the Smoot-Hawley Tariff Act was legislated at the end of the 1920s credit expansion, and it was the combination of the two that changed the similarly benign conditions of the 1920s to those of today into the 1929 crash and the depression that followed.
He mentions the 1920s credit expansion, but, does NOT say a word about the FED. He makes no mention of the fact that FED head, Benjamin Strong was illegally selling Treasury bonds on the secondary market,,,, causing even more effective monetary inflation. 1913, we got the FED and, massive monetary inflation. 16 years later, we got a disastrous crash.

https://www.goldmoney.com/research/goldmoney-insights/broken-markets-and-fragile-currencies?gmrefcode=gata

[Danny B]

Captive bond markets

Armstrong is claiming that the world will have a sovereign debt crisis. Here is a chart of what happened last time.

http://s3.amazonaws.com/armstrongeconomics-wp/2012/12/1931-sovdebtdefault.jpg

https://www.finra.org/investors/us-treasury-securities

The primary dealers are required to buy these notes. Selling them is where the obfuscation comes in. But, the State gets some help in this matter. MANY entities are required

He can't name Deutsche bank by name.

They are REALLY pissed off about Trump and Farage getting on so well.


Politics is going to get quite a bit dirtier.

https://www.washingtonexaminer.com/news/nancy-pelosis-daughter-quite-likely-some-of-our-faves-are-implicated-in-epstein-case

Trump - 'I've Known Jeff For 15 Years... Terrific Guy'
President Bill Clinton And Alan Dershowitz Said Frequent Flyers On The Lolita Express - See Flight Logs Here...

[Danny B]

Pox Americana winding down

After WW II, pox Americana rode roughshod over the whole world, especially Germany and Japan. They are still occupied. When Europe was in ruins, America still had an army. When Europe was flat broke, America was very rich. The military - industrial - banking complex had no interest in going quietly into the night. We found a communist behind every tree and, we had to kill every one of them. This was the excuse to re-arm instead of seeking world peace. Lately, we have found a terrorist behind every rock. This calls for spending a LOT of money.

Pox Americana ruled the world with 2 main "instruments". That would be the American military (budget) and, the Federal Reserve. The Marshall Plan eventually saturated Europe with U.S. dollars. We had out Bretton Woods credit card. How else could we finance 7,000 bases and countless wars of choice? In addition, to the FED and the dollar, we also controlled the IMF and, later, SWIFT. Later, we had the petro-dollar. We made Saudi a deal that they couldn't refuse.
The U.S. military seemed to grow without limit. No budget was too big. No project was cut for lack of money. As long as it was market Top Secret, congress would never see a budget. Reportedly, the military has $22 trillion that they can't account for.
CENTCOM thrashes anybody who sells oil for other than dollars. The IMF and FED play tag-team at bankrupting any State that they fancy has something worth stealing.

All of this changed on 2015.75,,,,, as predicted by Martin Armstrong. The new Russian arms made Russia unassailable in any non-nuclear confrontation. CENTCOM can't attack Russia nor China. In addition to the long range missiles, there are the hypersonic missiles. They can hit anything on the ground. What about space?


"China took in 2007 when it shot down a weather satellite.
More than two-thousand distinct pieces of debris from that Chinese interception continue to orbit the Earth at high speeds, threatening other satellites. Hundreds of pieces will remain threatening for decades"
With the Donald Cook confrontation, Russia proved that they had superior weapons.

What about the FED and IMF?
Europe Launches SWIFT Alternative To Send Money To Iran | Zero
Russia Joins Europe's Effort to Create SWIFT Alternative - Russia ...Europe Launches SWIFT Alternative To Send Money To Iran | Zero ...

https://www.zerohedge.com/.../eu-launches-paris-based-instex-skirt-us-sanctions-iran

https://uk.reuters.com/...swift/russ...wift-system-id.
Europe's Alternative To Swift Another Nail In The Dollar's Coffin
Germany urges SWIFT end to US payments dominance | Business ..
Switzerland Would Join Alternative to US-Dependent Payment System ...

We abused all this power and the world is trying to get loose from American control.

[Danny B]

Hoping that gold will bring peace

The Bretton Woods agreement was an attempt to stop wars by blocking the genesis of war using credit to arm up. It tied State reserves to gold. Seeing as how, Europe had very little gold post WW II, it used the U.S. dollar as a proxy for gold. This meant trusting the Americans. Well, wealth and power attract corruption and, this opportunity was no exception. America went on a permanent war footing.
The world is working towards a new gold standard for international payments. Domestic currencies will float wherever the home state allows.
America runs a trade deficit if a couple $ billion a day. When the new arrangement comes into force, this won't be possible. The B.I.S. is the world's Central Bank. All settlements from the B.I.S. are already done in gold.
Imagine of State "A" owed 10 billion to State "B".. They could just print up 10 billion currency units and, hand them over.

Not any more. No more trade deficits. This means that most imports to America will come to an end. Trump is trying to ease into this new arrangement by bring back some American industry. He doesn't want consumption to come to a crashing halt when credit collapses. This will necessarily bring price inflation. Can't be helped.
If you have any doubts about the return of the gold standard, consider this;

Countries Around The World are Bringing Gold Home - Gold Telegraph
The Netherlands. Germany. Belgium. Switzerland. Austria. India. Mexico.
Still trust London with your gold? Poland latest to repatriate its bullion from the Bank of England
Is Gold Repatriation A Trend? Turkey Gets Its Reserves Back From
Gold Repatriation Could Be Sign of Things to Come - CoinWeek

There is a famous picture of the Queen inspecting a gold vault in London. All the bars have a number. She probably assumed that all that gold belonged to England.
Unfortunately, America has neither gold nor oil.
Rubin got rid of the gold and, the U.S. military burned up much of the oil.


Deutsche bank is a very large domino. Their market capitalization is only $14 billion but, their derivative book is about $50 trillion.


The past few decades has seen central banks cut loose from the constraints of gold. The ensuing credit bubble was to be expected. Neither State nor bank will willing assume any constraints on their ability to create credit. This has brought all the usual ills. Seeing no other recourse, gold will be brought back in to offer some stability.

Kunstler covers the political scene.

https://kunstler.com/cluster****-nation/i-hear-that-train-acomin/

[Danny B]

Downturn,,, ZIRP,,, liquidity trap,,,unemployment

Well, we're definitely getting closer to crunch time. Trump's ratings are very high but, can they survive a credit collapse? He definitely wants a second term. Publicly, he states that the FED doesn't know what they are doing. But, he had a very good idea of what was coming when he appointed Powell. Is he trying to distance himself? The unwinding is picking up speed. It will not hold off til after the election.

They already tried NIRP and, didn't fix anything.
Do tell?


The dollar is down only 1.8% but, gold is up about 9%. The rise in gold is mostly due to the fall in bonds, not a fall in the dollar.

VIX is the "fear gauge" Investors watch VIX to get an idea of what their fellow money renters are doing. The FED, ESF and PPT buy long futures in the VIX.

"In the simplest possible terms, the concern is that the bond market is "saying" something dire about the outlook for growth and stocks are simply ignoring that warning. The myriad curve inversions we've seen over the past several months lend credence to "looming recession" narrative which, again, stocks aren't heeding." foreign capital inflows.

Good article on commodity money.

https://www.aier.org/article/workings-gold-standard

Good article on LaGarde and the ECB
"There is no macroprudential measure that mitigates the risk created by negative rates and almost three trillion of asset purchases. More than half of European debt has negative returns and the ECB must maintain the repurchase of maturities, injections of liquidity and even announce a new program of quantitative easing in the face of the lack of sufficient demand in the secondary market for those negative yielding bonds. That is a bubble."
Yep, capital flight.

"The eurozone has been in stagnation for several months, with many leading indicators worsening, and it is not due to lack of stimulus, but due to excess.

1.- 64% of the sovereign debt of the eurozone hs negative yields. Five trillion euros . Completely unjustified looking at solvency, liquidity or growth ratios."|

https://www.dlacalle.com/en/lagarde-the-ecb-and-the-next-crisis/

We MUST have socialism. https://internationalman.com/article...e-implemented/

https://realinvestmentadvice.com/shelton-the-fed-the-realization-of-a-liquidity-trap/

https://www.naturalnews.com/2019-06-30-america-headed-for-absolute-catastrophe-of-debt-collapse.html

https://realinvestmentadvice.com/quick-takes-some-things-i-am-thinking-about-07-05-19/

[Danny B]

Rich dad, poor dad

Just one vid.

https://www.youtube.com/watch?v=ftBeTIDv8Vg

[Danny B]

China is slipping,,,Libra is BS,,,Malthus

Time to point the finger at China again. The Chinese are born gamblers. Their recent arrival in the world of capitalism has made them a bit too euphoric. Add to that, their inborn, natural tendencies to skirt the law.
Hong Kong and Shanghai Bank of China

https://sputniknews.com/world/201907101076206740-hsbc-scandals-transparency-international/

https://www.zerohedge.com/news/2019-07-09/chinas-losing-control-its-crushing-debt-load-defaults-and-missed-payments-skyrocket

https://www.zerohedge.com/news/2019-07-09/pboc-demands-central-bank-oversight-facebooks-libra

https://mises.org/wire/socialism-man-made-malthusian-trap

"They" are only barely starting to factor in the negative pressures from climate change.

https://www.smithsonianmag.com/smart-news/un-expert-warns-one-climate-crisis-disaster-occurs-every-week-180972573/

As we get deeper into solar cycle 25, the death & destruction will become much more apparent.

A prospectus on war with Iran.

https://www.globalresearch.ca/a-major-conventional-war-against-iran-is-an-impossibility-crisis-within-the-us-command-structure/5682514

What we can't do with invasion, we try to do with chokehold.



Yep, that was the plan all along.

https://www.youtube.com/watch?v=ZVYqB0uTKlE

There is no plan B


Great graphs, https://northmantrader.com/2019/07/1...-rings-a-bell/

[Danny B]

Criminal bankers,,, Brexit battle, ,,Boeing blowup

Yes, it is time to start worrying a bit more.

One Climate Crisis Disaster Occurs Every Week, U.N. Official Warns
So, finance is pulling out of food and oil.
Major Wall Street banks are telling clients to be ready for a sudden rip higher in the market May 2 2019[/B]

How Wall Street Enabled the Fracking 'Revolution' That's Losing Billions
This Fed Policy Enabled the Fracking Industry's $280 Billion Loss.
I just don't see this ending well.
"Federal funds futures give the odds of a July rate cut at 100%.
They further indicate three are likely by January."
They say

https://dailyreckoning.com/a-license-to-buy-everything/

Shoulda bought gold.

That would be Rubin or Greenspan.

You can see why many Americans can't retire. They are carrying TOO MANY dependents.


No kidding When did he figure that one out?
Capital is instantly mobil, labor is NOT.

Maybe the old communist tart is going to be outed by Epstein for wild orgies.

Armstrong, Everybody is predicting a crash because stocks are so over-bought. Armstrong points out that; as investor confidence turns, they just want to preserve value and are NOT worried about income. It doesn't matter if there are earnings as long as investors expect valuations to hold up. The capital flight from Europe is a result of the lack of confidence in the ECB vs the FED. It is doubtful that the coming rate cuts will turn this confidence around.

https://www.armstrongeconomics.com/future-forecasts/ecm/why-are-equities-so-disconnected-from-economics/

https://www.armstrongeconomics.com/international-news/rule-of-law/where-banker-ever-prosecuted-during-the-great-depression/

"There comes times like in 2009 where capital no longer trusts the banks, governments, and is just looking to get its money back intact."
If the State does not pump up the markets, fear of missing out
The Yellow Vest protests have made it impossible to raise taxes on the French so, they raise taxes on Americans.


With one weather disaster a week, they are just going to have to abandon New Orleans. There was a town on the Texas coast that got destroyed years ago. They rebuilt everything. After if got destroyed so badly that they couldn't even find debris, everybody just left the area.
Anthropogenic global warming is FINALLY dying a death of attrition.

https://www.zerohedge.com/news/2019-07-11/scientists-finland-japan-man-made-climate-change-doesnt-exist-practice

Carbon taxes were originated to fund World Government. The base reference of global warming studies was that the out[put of the sun does NOT vary.
Some of the feces-for-brains who advocate world GOV have finally come to the realization that world GOV just can't work when Capital is mobil and, labor is not. Evidently, they believe that they can rectify this problem by destroying all borders so that labor can be mobil.
Take the poor and the stupid out of a country who have NO opportunities in their home country AND send them to some advanced country that has a low birth rate. They are still poor and stupid. Putting them on permanent government welfare isn't going to improve anything. Using generous welfare payments to attract unemployable people is definitely a recipe for disaster.

Boeing engaged $9-an-hour Indian engineers to build 737 Max ...
https://www.business-standard.com
Boeing lost $26.6 billion of market value since Sunday's 737 Max crash
https://www.cnbc.com/.../boeing-lost...-since-sundays

https://qz.com/1660253/boeings-737-max-woes-just-cost-it-a-5-9-billion-order/

5 days agoapparent market level does not fall.

[Danny B]

https://www.marketwatch.com/story/the-fed-is-trapped-by-the-debt-zombie-apocalypse-2019-07-12?siteid=yhoof2&yptr=yahoo

:thumbsup
DHL Sounds Alarm On Collapsing World Trade: "Significant Downturn" Underway Zero hedge:

[Danny B]

euthanasia of the rentier, ,, too much debt liquidity but, not enough money

I'm straining my brain trying to put some ideas together. Keynes said that in the future (our present), there would be so much accumulated wealth that we would only have to work 15 hours a week. Keynes also said that this would bring full employment. This OBVIOUSLY doesn't work. The really talented people, who haven't been displaced by automation are working more hours than ever. The no-talent people will never have a job niche because automation displaces them first.
At the same time, Shumpeter advocated "creative destruction" to keep the economy stimulated and, everybody working. He said to go around town and, break all the windows. This would put people to work.
The U.S. military serially goes around and destroys nations so that they have to spend their oil money to rebuild. The military also burns up as much military hardware as possible, ostensibly to keep people working. Crushing taxes are required to pay for this transfer of wealth to the arms dealers and banks.
Keynes should have been aware of automation because; "Ned Ludd broke a knitting frame to protest automation and outsourcing."By 1812, organised frame-breakers became known as Luddites"
Apparently, Keynes couldn't envision widespread automation.

Suppose that I pay $1 trillion for a plane. Even if that plane is destroyed, the wealth still went to some bank account. The nominal amount of money is just transferred. General Dynamics pays it's suppliers and workers. Maybe the money goes to China for cheap junk. In a general sense, the money sits in a bank somewhere.

Keynes has another idea;
"Keynes explains that the major mistake people make about economics is the idea that capital is scarce, and must be rewarded heavily to encourage investment in job-creating projects. Keynesian theory says that this view is utterly wrong. Keynes says that the amount of capital needed to operate an economy at full employment is limited, and once achieved, the marginal return to capital will drop to the point that it merely covers depreciation, obsolescence, and a small return for risk and for managerial skill and judgment."
"Now, though this state of affairs would be quite compatible with some measure of individualism, yet it would mean the euthanasia of the rentier, and, consequently, the euthanasia of the cumulative oppressive power of the capitalist to exploit the scarcity-value of capital."

In recent years, the CBs have created an additional $248 trillion of debt liquidity.
At the same time, banks are charging 18% credit card interest.
The banks are trying to make capital appear scarce to justify charging interest. There just isn't enough demand for private credit. The State is trying to suck up available credit / liquidity to make it appear that capital is scarce.

The ECB, BOJ, FED and PBOJ are all running the printing presses in hyperdrive creating new liquidity. The Central Banks are creating megatons of liquidity to support the State. U.S. GOV spends 24% of the GDP,,, The French GOV, 57%.
7/13 US government will run out of money in September. CNN

Walter Burien uses GOV financial reports to show that 47,000 GOV agencies have a cumulative $248 trillion stashed away.
CAFR1 Home Page
The California University system claims that they have $91 billion.
Apparently, this mountain of accumulated wealth that Keynes predicted exists but, is walled off from the public who must therefore borrow from the banks.

https://shadowproof.com/2013/02/10/euthanasia-of-the-rentier/

"scarcity-value of capital."
The debt per person is reported to be $86,000 worldwide. This is debt that was incurred by the State in your name. But, this debt was incurred to keep you working.
"scarcity value of labor"
Decades ago, the fertility rate in America was about 3.2 per woman. Wages were good here because of our post-war lock on manufacturing. Capital is always at war with labor.
The fertility rate in Mexico was 6.2 so, the southern border was left open to allow a greater part of the profits to accrue to capital. When Mexican fertility fell to the current number of 2.6, new populations had to be drawn in to America to continue to depress wages.
Scarcity of labor had to be continuously alleviated.
Bring in unskilled labor in the face of rising automation seems like a bad idea.

We have reached a point where the CBs are printing with wild abandon. Capital has successfully depressed wages to where the solventCredit Bubble Bulletin : Weekly Commentary: Central Banker to the World

"They" use fear of missing out to keep money in the markets. Stocks depend on earnings. If earnings don't materialize, there is no reason to stay in stocks.

All the buybacks were done with wet-ink money from the FED.


He better have his BOB handy. Get Wikileaks to hack the info.

Short term debt is commanding way more interest than long term debt. "They" expect a crash in the short term.

The free-money train from the FED to Wall St to frackers is on a different track now.


The printing presses at the FED are starting to smoke a bit to make up the difference.

Michael Hudson really knows his stuff. Plan "A" is for America to collapse last. Since our stimulus is hidden, capital is attracted.

https://kunstler.com/cluster****-nation/nemesis-rising/

[Danny B]

Capital flight,,, ECB vs FED

Armstrong has long claimed that things will get much worse when the people lose confidence in government. He states that 35% of the people think that Us GOV is the problem. He states that this will become a BIG problem when 45% of the people have no confidence in GOV.
He has a vid talking about capital flight. The Chinese found BTC to be the perfect vehicle for getting capital out of China.
Beijing cracks down on Twitter users - Public Radio International
Chinese Censors Crack Down On Foreigners' Speech Online
China cracks down on aggrieved party cadres in Xinjiang and Tibet ..
The Hunt for Dissidents in China - Refworld
China's Hunt for DissIdents Expands to Foreign Countries | Time

China can crack down on protest but, this reduces trust in GOV.
China Cracks Down In Hong Kong, Shocks The Unsuspecting | WJR-AM
Hong Kong climbs to No 4 on World Bank's list of easiest places to do business
China's exports shrink most in 2 years, raising risks to global economy
Shrinking China factory activity, faltering exports inflame economic anxiety

https://www.armstrongeconomics.com/world.../by-its-own-rules-the-ecb-is-insolvent/

Dec 23, 2016 - Under their own rules, the ECB should now be declared insolvent... The Fed only has Federal debt, not state debt which would be more like the ECB.

Here is the Vid, https://www.youtube.com/watch?v=AFrNf5VSfPs