Economic pressures

[Danny B]

Lots of headlines

Is California's Second Biggest Utility On Verge Of Collapse Next: Edison Plunges After Saying It May Be Responsible For Deadly 2018 Fire
First PG&E, now Edison. Buy popcorn AND a generator.

"IndiGo "is close to placing a near-record order for over 300 Airbus A320neos." "
That is going to suck in Seattle,
India threatens to ground Airbus jets over failure of its US Made engines

Has California Lost 'The Mandate Of Heaven'?
"Beneath the surface, pressures are building and resilience is eroding, and when the tipping point is reached the transition will not be gradual and controllable, it will be non-linear and uncontrollable..."
Keep your BOB packed.

BOJ To Start Lending ETF Shares To Prevent Market Freeze
"The BOJ is on track to surpass the world's largest pension fund, the Government Pension Investment Fund, as the top holder of Tokyo-listed stocks as early as next year."
That will go down in the history books.
Cyberattack Shuts Down India's Largest Nuclear Power Plant
"Kudankulam Plant was hit by a cyberattack and authorities were already alerted of the threat months in advance"
Not Even The Algos Have Any Idea What's Going On Any More
FOMC Preview: If The Fed Doesn't Cut, Brace For Impact; If The Fed Cuts... Then What?

U.S. Shale Braces For Brutal Earnings SeasonLeaving Illinois: "Does Anybody Care About People Like Us?"

[Danny B]

The emerging problem that must not be named

The headlines are dancing around the real problem.

The pile of crashing derivatives grows ever-larger. Wall Street is demanding further rate cuts. Further rate cuts crash more derivatives,, mostly interest rate swaps.

Yes, "technical debt", a euphemism for derivatives.
'It Won't Be Sufficient' - Wall St Reacts To Powell's Final Hawkish 'Insurance Cut'


The Guardian expects, MMT, UBI and, chaos.

https://www.theguardian.com/business/2019/oct/29/when-recession-comes-expect-central-banks-to-rewrite-the-rules

Until recently, the public pension funds refused to believe that 7% returns were a thing of the past. If they were more realistic, they would have to demand enormous contributions from current workers to maintain payouts in the future.

Ray Dalio is the bond king. He has automated ALL trading and, doesn't use humans for decisions. Possibly, it has occurred to him that the economy does not work if people don't have jobs.


The ECB just isn't trying hard enough.

Because you won't have any money after the pension funds blow up


Israeli Diplomatic Missions Worldwide Suspend Work Over Conflict With Finance Ministry
The GOV won't reimburse the diplomats for expenses that do not have a receipt. The diplomats have gone on strike worldwide. Coke and prostitutes are a necessity of the job.
Dying Populations, Not Climate Changes,Are The Biggest Threat To Western Civilization
You Are The Slave Property Of A Corporation Called The United States Of America - Must Watch
Well, the slaves have gone on a reproductive strike.
Details on the bad news.
The Boom Turns Into A Bust - Here are 14 Signs That The U.S. Economy Is Steadily Weakening

[Danny B]

Socialism in the long view

Jewish Encyclopedia
The unedited full-text of the 1906 Jewish Encyclopedia

SOCIALISM:
By: Joseph Jacobs, Isaac A. Hourwich
Theory of civil polity which advocates public collective ownership, production, and distribution. Jews have been prominently identified with the modern Socialist movement from its very inception. "
"The essence of Marx's theory, which won for it the name "scientific socialism," as distinguished from the "Utopian socialism" of his precursors, is the principle of social evolution. While Utopian socialism sets before mankind an ethical ideal of a perfect society, and hopes for its ultimate acceptance by virtue of its inherent beauty, Marx maintains that the industrial evolution of capitalistic society leads toward socialism, regardless of its ethical merits, and that, moreover, this industrial process molds ethical standards in consonance with the industrial tendencies of the time. "
The corporatocracy has NO ethical standardsDilling X: The Jews and Marxism — Socialism — Communism

Socialism attempts (on the face) to bring everybody up. In practice, it brings everybody to a low level. Socialists don't plan to kill motivation but, that is the result. How would Howard Huges do in a socialist country? Socialism kills hope for a better future. It imagines that all people are equal. It allows no reward for people who ARE better than average. Since it disallows ownership of private property, It erases motivation to save or work for a better future.
This is one facet where socialism differs from fascism.
Fascism and wage-slavery allow some

https://www.rt.com/op-ed/472076-millennials-oppose-capitalism-socialism-rich/

https://www.zerohedge.com/political/7-10-millennials-say-they-will-likely-vote-socialist-

Here is a list of Rothschild owned banks. I'm not so sure that it is accurate but, they do have a lot of control.

https://europeanmediacentre.wordpress.com/2013/09/02/list-of-banks-owned-by-the-jewish-rothschild-family/

78 members of congress hold israeli passports.
Most of the FED heads have been jews.
Financial deregulation and legislative capture by bankers are directly responsible for the unfolding crash.
As legislative capture has impoverished the people, they leap to embrace socialism.
Our schools are infested with people who teach very favorably about socialism.
Is this all just co-incidence?

[Danny B]

UBI, chaos and, morality

Our current world is a mix of ISMS. We are plagued by fascism, thinly disguised as crony-capitalism. Most of the uber-wealthy received their wealth from legislative advantage,,, certainly not hard work or brains. Many have abused this legislative advantage beyond bounds. Madoff and Milken come to mind. The Central Bankers have repeatedly come to the rescue of the private banks. After all, the CBs are owned by the private banks. The enormous monetary inflation required to rescues failing derivatives is having a very bad effect on the rest of the economy. There is chaos worldwide.

At the same time, we have emerging socialism to hold social unrest at bay. It isn't working very well lately. The corruption is too powerful and, too entrenched. 44 million in America receive direct government assistance. 23 million "work" for the government. Think TSA.
What happens when the sovereign debt crash unfolds? We have spent the last 150 years inventing labor-saving devices while, at the same time, trying to keep full employment.

Trump railed against GOV spending when he was a private citizen. Once he got in office, it was a different story. HUGE increases in military spending. The Pentagon is the largest employer in the world. The wars are a big jobs program. Same with defence contractors.
The American economy revolves around wars and war industries.


Argentina, though a bountiful country has a major food crisis. There are anti-establishment riots in many countries.

There is no "playbook" that takes into account automation and birth control AND the search engine.

Just how will the rules be revised to take all of this into account? For the present moment, it looks like universal basic income will be brought to the fore.
The corporatocracy brought us economic neoliberalism. A whole new framework for screwing the actual workers.
PEPE ESCOBAR: The Age of Anger Exploding in Serial Geysers

https://consortiumnews.com/2019/10/29/pepe-escobar-the-age-of-anger-exploding-in-serial-geysers/

Luiz Inacio Lula da Silva, better known as Lula, president of Brazil ... Lula quit school after the fourth grade. He came up with a UBI program that the bankers didn't like but, they couldn't stop. He gave everybody a few bucks and, this brought them some confidence. They spent the money and, it lifted the economy. Here is an article about the ongoing efforts at implementing UBI around the world.

https://www.vox.com/future-perfect/2019/10/30/20938236/basic-income-brazil-marica-suplicy-workers-party

The chaos is growing worldwide. The PTB are lamenting the fact that the masses are losing confidence in Government and banking and,,, I suspect that UBI will be rolled out to avoid worldwide revolution.
Crony capitalism was made possible by a complete lack of morality in the legislature. Power corrupts so, I don't expect morality to make a return to the halls of power.

[Danny B]

Disintegrating debt

First, a cross-post about Kunstler.

https://kunstler.com/cluster****-nation/halloween-is-over-and-the-jig-is-up/

https://kunstler.com/cluster****-nation/the-fumes-of-fanaticism/

https://www.dailymail.co.uk/news/article-7638109/Republican-senator-demands-email-communications-Clinton-Obama.html

https://www.bing.com/search?q=rep+gohmert+democrats+civil+war+&qs=HS&sc=8-0&cvid=A32BF831854248D3A14B94823D8B6AB8&FORM=QBLH&sp=1

Armstrong; "Only during the final wave does the government start to unravel in a Public Wave. In a Private Wave, stock markets outperform bond markets. Here, people lose their faith in government rapidly. By the half-way mark in a Private Wave, the government becomes aggressive because it sees it is losing control of society. This is why governments will become much more aggressive during the last part of this wave into 2032."

https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/public-v-private-waves/

just before the IPO goes public.

https://www.youtube.com/watch?v=mFWZgLeLhRo&t=359s

MAGA, baby.




Guaranteed that it would have dropped much more.


"In 2013, the Japanese government recorded relative poverty rates of 16%. This was the highest on record. Another study showed that 1 out of 3 Japanese women ages 20-64 and living alone were living in poverty. Japan has some of the highest rates of child poverty in the developed world, according to a Unicef report."
No kidding,,, quite a mystery why the population in Japan is falling.

https://www.bloomberg.com/graphics/2019-global-fertility-crash/

Do NOT worry. You will learn the answer to this question before long.

Somebody spiked their chocolate with airplane glue.

50 million Americans depend on war.

He must be some kind of anarchist.

[Danny B]

They were all smiles when the posed for pictures on the Belt & Road initiative.

They will be a boon to the emergency rooms at the same time.
Central Banks & war.

https://www.zerohedge.com/geopolitical/its-no-coincidence-century-total-war-coincided-century-central-banking

The FED claims to be handing out only $690 billion a week. This rescues failing derivatives. An interest rate cut wouldn't have any beneficial effect on derivatives.

https://wallstreetonparade.com/2019/10/fed-ups-its-wall-street-bailout-to-690-billion-a-week-as-media-snoozes/

The dumb money isn't near as dumb as it was 10 years ago.

Trump is working on the problem.

South Africa Facing Worst Drought In 1,000 YrsCredit Bubble Bulletin : Weekly Commentary: Music to the Market

https://www.peakprosperity.com/the-end-of-money-3/

ZH, Demographics & Money Creation... Why Fed Monetization Is Just Getting Warmed-Up
"The weaker the potential growth of demand, the stronger the rationale for the Fed, central banks, and federal governments to delay the inevitable..."
The lack of demand has nothing to do with how much money is in the system.
"Fundamentally Rigged" - Runaway Algos Spark Chaos, Crackdown In World's Most Important Futures MarketGundlach: "Intense" Downturn Means "Helicopter Money" Is ComingCarney's Green Crypto Currency: Prelude To A Financial Meltdown

[Danny B]

https://www.zerohedge.com/markets/fed-gives-inflation-welcome-united-states-japan

Berkshire Becomes Global Cash King: $128BN
Farm bankruptcies;

https://www.zerohedge.com/economics/trade-war-chaos-spikes-us-farm-bankruptcies-24

Also, 400,000 farms have gone out of business in Europe in the last year,,,11 million in the last 11 years. Subsidised small farms in Europe can'\t compete with subsidised large farms in America.
Freight Railroad Traffic Plunged 8% At The End Of October
What happened to the pre-Christmas inventory buildup?
Morgan Stanley Asks "What Returns Can Long-Run Investors Expect In This Market", Offers Frightning Answer
True but, greed keeps everybody in the markets. "Picking up dimes in front of a steam roller"
Ken Fisher Taking Out "Women Friendly" Ads As Redemptions Near $4 Billion


Those aren't flies. It is a pile of bad derivatives the size of RODAN.

https://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcTAtvtnT5ksubQBCzB8g6HrOr0loa77jRy06Vr3kPT-UZcQAHCh

[Danny B]

Socialism, mental health & UBI

Mike King writes about we have been screwed by the Central Bank and income tax.
THE SCAM OF INCOME TAXES AND CENTRAL BANKING
This is what I wrote back to him.
John Maynard Keynes was a brilliant guy. At the Versailles conference where Germany was punished, he foretold that the victors had laid the foundation for the next war.
Keynes also said that; within 80 years, we would be so rich that we would only have to work 15 hours a week. This is verbotten.
First, because we wouldn't be generating enough wealth for the parasites. Second, because mankind stagnates with too much free time.
George Jetson only works one hour a day and 2 days a week.
Shumpeter came up with the plan of creative destruction. Wars fill the bill on that. War spending keeps us producing without actually accumulating riches. Keynes said that we needed continuous war to keep the economy stimulated.
Read the CAFR one site by Walter Burien.
CAFR1 Home Page

GOV admits to having something like $230 trillion stashed away. They collect this at the non-16th amendment level. Taxes, fines and fees. The University of California system reports that it has $91 billion stashed away. Yet, they scream that they have to raise tuition.
The endless bites out of our wallets (and purses) is what keeps us working.
The Report From Iron Mountain says that war is how we organize society. Peace must be avoided at all costs.
So, yes, the CBs rob us blind by way of currency inflation. The State robs us blind by way of taxes, fines and fees.
Post Hiroshima, it became too dangerous to have full scale kinetic war. The cold war was invented to pursue creative destruction without actually killing the biosphere.
It stimulated the economy enormously,,,, a la Keynes.
It also served the purpose of uniting us against a common (perceived) enemy.
A family and a clan is a natural socialist, genetic group. A nation State is an attempt to stretch the umbrella of clan protection over a disparate group that is NOT a genetic group.
Mutual prosperity and / or mutual threat are used as the glue to hold an un-natural group together.

At the upper levels of GOV, there is an appreciation that we must keep working to avoid the stagnation seen in the ghettos, Abo reserves, Indian reservations, and, Alaskan natives who get oil money.
You must contrast this with the wholesale destruction of job niches brought on by automation. It is only going to get worse because there is NO cure for efficiency.
The coming collapse is a collapse of State debt because, it tried to support everybody who had lost their job niche.

https://www.zerohedge.com/political/six-charts-showing-just-how-much-government-has-grown

Armstrong predicts the collapse of European socialism. Socialism will be gone but, the people will still be there. Socialism is the firewall between Darwinian pressures and ,,,people who just can't compete in the private labor market. With the rise in automation, the included numbers are just astronomical. What will happen to public sector employment when public finance has collapsed?

What happens to mental health when everyone is receiving UBI?

https://www.youtube.com/watch?v=NX2ep5fCJZ8&t=31s

What happens when men are cast adrift?

https://www.youtube.com/watch?v=-kkUNZChoeM&t=444s

[Danny B]

https://www.rt.com/business/472470-fed-repo-market-intervention/

So, what is the obvious solution??



Just imagine what happens when a 30--1 credit leverage goes into reverse. The banks will need a LOT more cash..

Panic early or, NO SALE of your RE.

64 million empty housing units with BAD drywall rotting away. Dozens of empty cities that nobody wants.


The criminal is crony capitalism.

The airlines and airports have proven to be especially vulnerable to solar storms.


This is off-topic BUT, a very important subject.
Scientists Are Working on a Pill to Erase Memories
"Full results of the study have been submitted to a journal, according to the National Post, however, the Post also reports that Dr. Brunet has been hesitant to discuss the results due to the sheer speed and success of erasing specific memories.:"

https://themindunleashed.com/2019/11/scientists-pill-erase-memories.html

Thanks to the pharmaceutical drug pushers, there are millions of people who are addicted and can NEVER forget the rush,,, the high.

42,000 Plaintiffs Sue Bayer Over Glyphosate
The Trump effect,,, law & order
Keystone Pipeline Shut Down After Leaking Oil In ND
The original protests were centered on the contractor who had a history of shoddy work and, numerous leaks.

Zero Hedge;
Africa's Socialism Is Keeping It Poor
The undeniable fact remains that Africa has the lowest living standard of all continents after Antarctica...

American help;
Pentagon Expands Permanent Africa Presence With $110M Drone Base In Niger
Armed drones going operational against regional ISIS factions...
Russian help;

https://www.rt.com/business/472464-russia-revives-nigeria-plant/

Hedge Funds Invested In PG&E Lose $4.1 Billion In Just Four Trading Days
NIRP in Europe;
Lagarde: "We Should Be Happier To Have A Job Than To Have Savings"We Have Melt-Up: Futures Jump To New All Time High On "Trade Optimism"
Gravity will return eventually.
Blain: "It Feels We've Reached The End Of Something"
"Time has been called on this particular era of irrational market exuberance."
Dow Futures Surge To Record Highs On Yet Another "US-China Trade Deal Close" Headline
It\s called, "hopium"
Four Reasons Why The "Trade Deal" With China Remains A Farce
Aramco IPO Valuation Baffles Bankers With Trillion Dollar Wildcard
...somewhere between $1.22 trillion and $2.3 trillion...

MbS has approved a sale of part of the national oil company. Saudi Arabia is desperate for cash. They have even opened the country up to tourism. It is hard to say just what the IPO is worth because Saudi has never been honest about oil reserves. Also, with a big fall in the economy, oil demand will fall even further.

[Danny B]

radically altering the constitutional limits on legislation, regulation, and spending.blob

https://www.theamericanconservative.com/articles/lbj-vs-the-nuclear-family/

LBJ went a long way towards destroying the nuclear family. The post 1971 bankers went a long way towards the same thing. Their constant monetary inflation caused constant price inflation. This price inflation always outran wage inflation. A family just couldn't survive on one paycheck. Women were dragged out of the household and, into the labor force.
This great "liberation " of women had enormous destructive effects on the children.
The number one job of the parents is; to make their children feel important. Without that, most children are crushed by insecurity for the rest of their lives.
8 In 10 Millennials Believe They Aren't 'Good Enough' ...Massive Inferiority Complex

The result;

https://www.studyfinds.org/majority-children-regularly-battling-anxiety-most-stressed-generation/

The destruction of the nuclear family has been especially bad in the black community.

https://www.youtube.com/watch?v=1DxHL2i3cZo&t=690s

Boys without fathers never learn to be men. They never learn to control their impulses.
The democrats have a long history of destroying the family by "helping" it.
Women in government do their part too. They naturally want to coddle people. The societal changes brought on by the welfare State won't easily be reversed.

[Danny B]

Mental health and, the economy

The Overton Window is a structure that attempts to limit discussion to a set of reasonable subjects. It seems to be getting quite a bit of expansion lately.
11,000 Experts Propose Final Solution To Global Warming Just Kill Billions Of People
Conservative Party Hopeful Called For The Culling Of Poor People
The emerging discussion that must not be named; getting rid of the Central Bank.
Everybody knows that the State MUST collect taxes. Here is a vid produced by the IRS that proves this to be true.

https://www.youtube.com/watch?v=VxU6n4pAnrU

For the younger generation, mental health is crashing. Suicide, addiction and anxiety are rising. They just don't see a good future for themselves. Unfortunately, things won't get better as automation eliminated even more job niches. Bummer.

The piss-poor solution from the state; grab more tax money to support more of the blob state.

https://www.armstrongeconomics.com/world-news/taxes/europe-moving-to-worldwide-income-tax-international-wealth-tax/

Ray Dalio uses computers to do all the work.

[Danny B]

Gold for the big guys

Tried all day to post something interesting. Blocked every time. I even cut it in half,,, no difference.
Edit STILL can't post my blurb on gold. It also got erased from my drafts folder. I have a copy only because I sent it to myself. Besides that, my computer shuts down spontaneously about 3 times a day.

[Danny B]

Just headlines

Ron Paul said that we are soon to see the end of fiat currency AND the welfare-warfare State.

https://www.youtube.com/watch?v=NMl5zGFF33Y

Don't hold your breath waiting. Fiat currency is here to stay.

Declining demand

https://northmantrader.com/2019/11/07/melt-up/

Yep, stocks are above their their 200 day moving average but, nobody wants to miss out on the next leg up.

Will that bring the "omniviolence" that somebody was writing about?

NO. don't look!

Buy more popcorn.


That WILL happen just after we return to honest politicians.
Rense, 62% Of Trump Supporters Say There Is NOTHING He Could Do To Lose Their Support -

[Danny B]

Rickards,,,melting up or, melting down, it's all melting

Jim Rickards was the lead counsel when LTCM went bust when Russian bonds defaulted. He managed the unwinding of Long Term Capital Management when several big U.S. banks ponied up the money to save the system.
Jim Rickards was the top guy that the 16 U.S. intelligence agencies brought onboard when they want to use the war-game computers to predict the future of the U.S. economy.
Jim Rickards said that; in 2008, the world was only hours,,, or minutes from having every stock & bond market in the world shut down.. "Nothing was solved, all that happened was; the debt was lifted from private hands to government hands." "If things changed, they changed for the worse."
The Central bank bailed out Wall St. In the next crisis, who is going to bail out the Central Bank?"

https://www.youtube.com/watch?v=puh8cpI-dHM

Ron Paul is still in a downer mood.

https://www.youtube.com/watch?v=DZC9oZpukrQ

Here is a good, concise vid on NIRP. It wipes out a LOT of people and, helps just a few.

https://www.youtube.com/watch?v=FiYTmTHFa9E&t=439s

Ice Age Farmer has been warning about losses in food production for quite a while.

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

Fed Admits $190 Billion PER DAY Injected Into Financial Markets! Who Gets the Fed Repo Money?
The Money GPS


The shadow banking sector just ran WILD. Keep in mind that a lot of that liquidity went into foreign markets.
Vid, Fed chairman Jay Powell thinks wages could be much higher

"As the global synchronized slowdown intensifies, Taiwan is now warning if Beijing can't create a soft landing in its economy, the threat of a Chinese invasion would be on the horizon.

Taiwan's Foreign Minister Joseph Wu sounded the alarm in a Reuters interview on Wednesday, when he said, Chinese officials would likely invade self-ruled Taiwan to divert domestic economic pressures if a soft landing cannot be achieved. "
Sounds messy.

https://www.zerohedge.com/economics/taiwan-warns-possible-invasion-if-chinas-economy-continues-deteriorate

So, do you still think that the world isn't tribal?

https://www.rt.com/news/472834-south-korea-kim-versus-japan/

Armstrong;

Armstrong favors nuke power. Frau Merkel is a trained physicist and, she took German off nuke power. I give her credit for that.

Global Debt Is Up To $188,000,000,000,000
Fed Warns Climate Change Is A Major Threat To The Economy

https://www.theburningplatform.com/2019/11/07/the-feds-dilemma-is-our-problem/

Print more confidence.

The dragging is mutual.
Here is a convoluted article.
European Commission Warns Of Dire Future Unless Germany Issues Much More Debt

https://www.zerohedge.com/economics/european-commission-issues-dire-forecast-demands-germany-issue-much-more-debt

[BroMikey]

[VIDEO]https://www.youtube.com/watch?v=jkxa5FBhfWs[/VIDEO]