Economic pressures

[Danny B]

Shemitah cycle

The hot topic at the moment is the Shemitah cycle.
Jim Willie: The Shemitah Is Sunday?The Odds of It Being Random Are Mathematically Impossible | Economy
September Stock Market Crash Cycle

[Danny B]

The IMF

The IMF specializes in rape, pillage and plunder. The new BRIICS bank is an investment bank that is envisioned as an alternative to the IMF. This emerging bank is just one more reason why America is attacking China.
Johann Hari: It's not just Dominique Strauss-Kahn. The IMF itself should be on trial - Johann Hari - Commentators - The Independent

[Danny B]

wither israel?

Israel is used as a forward garrison to agitate the Arabs and keep them dis-united. They have done a swell job of pissing off everybody in the neighborhood. They spy on us continually. They sell out every secret so that we have to constantly upgrade our weapons systems to try to stay on top of our competitors. The estimate of the total cost to support israel is $ 130 billion. "Put another way, American taxpayers give Israel $10.2 million per day (in 2015). "
I'm sure that we could use that money HERE; Top Stories - 1.5 Million U.S. Households Live on $2 a Day per Person - AllGov - News
Naturally, they like getting billions a year. https://www.jewishvirtuallibrary.org...o_Israel1.html

The jews have always pushed socialism. Israeli acquaintances tell me that israel is a communist country. Margaret Thatcher said that socialism is fine until you run out of other people's money. SO, what happens when the American GOV goes belly up? We give them over $ 3 billion a year and we pay $ trillions in indirect costs. You would think that they would be rich.
A couple years ago, 430,000 israelis demonstrated against the GOV and banks. They brought out a nasty looking guillotine on Rothschild Blvd.
Protesters in Tel Aviv bring out the guillotine | Max Keiser
They were complaining about the lack of housing and the high cost of everything.

All the heads of the FED have been jews for decades. Do the jews know anything about running an economy that the goyim don't know?
Evidently NOT. The Jerusalem Post claims that the israeli shekel is the worst currency in the world. The Israeli shekel 'world's worst currency' - Business & Innovation - Jerusalem Post
OK, what about history? They blew up their bond market and destroyed their currency. "`In five years, they have changed the money three times,'' said Mr. Feidy. "
They had to knock off 3 zeros to circulate the new shekel. Just like all the banana republics. I was there when both currencies were circulating. Pretty confusing.
So, the blew up their bond market and now,,, they are in charge of OUR bond market. Armstrong says that our bond market is going to blow up. Jim Willie says that we will get a new currency,,, just like any banana republic.
So, what happens to israel. If they truly are socialist / communist, they can't stand on their own.
Netanyahoooo isn't worried. He had this to say about America. " "Once we squeeze all we can out of the United States, it can dry up and blow away." Considering the damage the neocons and their Israeli facilitators are causing for U.S. national security, Netanyahu may soon have his wish."

Israel has no future. It is at war with itself. The very religious orthodox jews claim that netanyahooo is FAR worse than Hitler. They refuse to do military service and GOV is going to force them. The rich are leaving; Wealthy Jews Now Leaving Israel - Care2 News Network
The israelis are catching on that they are being blamed for the crimes of the zionists. https://www.youtube.com/watch?v=yMmUoNfblDk
https://www.youtube.com/watch?v=awCOSRg-gks
https://www.youtube.com/watch?v=nMQ9C6vni0w

The country is tearing itself apart; https://www.youtube.com/watch?v=v37n0LBtseo
What will they do if the money stops.

[Danny B]

Banking and organized crime AND endless war

Gerald Celente has been very clear for years. the New York bankers are nothing more than mafia in nice suits. https://www.youtube.com/watch?v=wCSR68JwL4M
The London bankers are organized criminals; The City’s stranglehold makes Britain look like an oh-so-civilised mafia state | George Monbiot | Comment is free | The Guardian
Israel is over run by organized crime; https://wikileaks.org/cable/2009/05/09TELAVIV1098.html
WikiLeaks: U.S. Worried Israel Becoming 'The Promised Land' for Organized Crime - Haaretz
In other news, the ratio of paper-gold claims was 126--1 a month ago. It's now at 228--1 with only 6 tons of gold left in the COMEX warehouses. Something Just Snapped At The Comex (Updated) | Zero Hedge
Martin Armstrong has always gone out of his way to bad-mouth gold.
http://www.armstrongeconomics.com/archives/36942
He is a banker and a trader at heart. I find that it slants his observations. He considers gold to be just another commodity. He has no interest in currency being a store-of-value. Gold is the most sought after store of value in the world. It doesn't have to be in demand for currency use. It is very obvious that you can't have your transactional currency also serve as a store of value. This ALWAYS leads to over-issue. This is one of the elements of Triffin's dilemma.

NOPE, the store of value has to be a different item that can't be duplicated willy-nilly. Rickards and America are crying for the SDR to be adopted as the reserve currency. NOBODY else wants America to have control of a reserve currency. They are very tired of all our wars financed by their hard work. Gold will come back as the most accepted store of value. America is fighting this because the war mongers don't want any limitations on their misdeeds.
By destroying so MANY States, we have united the world against us (and israel). We are crashing the system to try to hold on to power. The R.O.W. knows that; no matter how bad the crash gets, it would always be worse if America is allowed to continue.

[Danny B]

Productivity must eventually follow consumption to the grave

"How can we ever hope to get out of debt when all the money to pay off the debt is created by creating a debt? Balancing the budget is an absurd straitjacket. What must be balanced is the capacity to pay, in accordance with the capacity to produce, and not in accordance with the capacity to tax. Since it is the capacity to produce that is the reality, it is the capacity to pay that must be modeled on the capacity to produce"
Lesson 4: The solution: debt-free money issued by society
Ah yes, the capacity to pay. This capacity is dead in the water right now. There are calls to drop money from helicopters to remedy the situation.
$57 trillion in new debt was created between 2007 and 2014. The money supply MUST grow to maintain the debt mountain. When wages died, the mountain took on a life of it's own.
Why Central Banks Are Pressing Investors To Hold Gold | Gold Silver Worlds
The Industrial Revolution has phenomenally increased productive power. The capacity to pay has stagnated. Wages aren't likely to go up SO, production must go down. 9/10 China PPI declines 42nd consecutive month – Mish The PTB are trying to keep the credit mountain aloft even though productivity is crashing. Stocks are held up by huge money infusions.
The economic body has a severed femoral artery but, the CB has hooked up a transfusion to the carotid artery to keep the head alive.
60% of the labor force is out of work BUT, property values in the beltway are going up. The head will eventually notice when gangrene sets in for the rest of the body.

[Danny B]

Poverty, trust and credit

Top Stories - 1.5 Million U.S. Households Live on $2 a Day per Person - AllGov - News
Some 50 Million EU Citizens Live in Poverty - Oxfam
In Japan, 1 in 6 children lives in poverty, putting education, future at stake | The Japan Times
More Than 82 Million Chinese Live on Less Than $1 a Day - China Real Time Report - WSJ
Highest number of Germans below poverty line since reunification | euronews, economy
Wages drop, poverty increases. Eventually comes revolution. This is true for both developed and emerging States. Spain is close to civil war. World leaders face LOTS of problems. I suspect that the threat of revolution is right at the top of the list. How do you maintain food production and distribution when credit dies?

"Any rate hike by the Fed will burn the entire house down! Stocks will crash. Credit will cease to trade, be issued or forwarded." http://www.jsmineset.com/2015/09/09/the-breaking-point/
Without a rate hike, ZIRP will burn the funds to the ground.
Credit depends on trust and trust has left the circus. With organized crime running the financial system, that is no big surprise. Maybe we could live without trust but, we can't possibly survive without credit.
http://www.theburningplatform.com/20...isis-of-trust/

[Danny B]

No debt repudiation

With all that sovereign debt, the bankers must be $hitting bricks about the possibility of default. DO NOT worry about the welfare of the bankers. They will all be OK. They have a plan.

Boiled down Congressman Ryan is saying. The Federal Government owes $18 trillion (eighteen thousand billion dollars where a billion is a thousand million) which debt threatens credit rating (the risk of US defaulting on its payments that international lenders pay raters to estimate) to to maintain our credit rating Ryan, Chairman of House Ways and Means Committee of the House of Representatives, wants the H.R. 692, the Default Prevention Act, and H.R. 3442, the Debt Management and Fiscal Responsibility Act. The Default Prevention Act MAKES IT ILLEGAL FOR THE U.S. EVER TO DEFAULT ON ITS DEBT BUT MORE THAN THAT IT MAKES IT ILLEGAL DESPITE ANY EMERGENCY EVER TO REPUDIATE DEBT. In other words no matter what the national crisis -- DEBTORS GET THEIR EXPECTED INTEREST AND PRINCIPAL PAYMENTS FIRST AND FOREMOST NO MATTER WHAT. Ryan says of the bill, "It says, 'In the unlikely event that we hit the limit, the Treasury can issue new debt only to pay the principal and interest on our current debt—and all obligations to the Social Security trust funds.' " In other words we continue as debt slaves paying taxes while government must stop all deficit-spending for everything (except social security checks) -- really stopping all other Fed government expenditure that is not directly tax financed -- but, by this law, the debt can and must be increased to make every debt payment to international creditors and only may be raised for that for that purpose alone.

This is a bill that will allow the international bankers to finish off the American people and their federal government while keeping the IRS and the Treasury Department and Comptroller functioning but with only one remaining function, a function that cannot be stopped, payment to Rothschild, so that Rothschild can keep exacting creditor's tribute from an American people whose government is only allowed to borrow to to make new payments to lenders while the American people must pay with direct tax financing their entire government -- with whatever money the bankers choose to lend to the private sector (if any) -- which lendings (to the private sector -- if any) will be all the money there will be for 1) paying taxes to pay Rothschild; 2) paying for goods to stay alive and clothed and sheltered and transporation to work; 3) paying the private sector's interest on private sector debt. And the money for all this will come only from loans issued to the private sector (since government can't borrow any more except to pay interest to government's creditors -- AND SINCE THE GOVERNMENT CAN'T CREATE ITS OWN MONEY.

And what does all that add up to?

Austerity that will eat away the people and put them on equal footing with the poorest people now on the planet whoever they may be. THIS IS NOT PREVENTION OF DEFLATIONARY IMPLOSION OF THE DOMESTIC ECONOMY -- THIS IS THE CERTAINTY OF IT.

Do I exagerate? Not one bit.

Ryan says,

"Right now, when we hit the debt limit, the Treasury can’t issue any new debt at all—even to make bond payments that come due. None of us wants to hit the limit. But if the United States missed a bond payment, it would shake the confidence of the world economy. All kinds of credit would dry up: loans for small businesses, mortgages for young families. We could even go into a recession. [close quote]

So what is Ryan's solution in the bill he is offering, in the H.R. 692, the Default Prevention Act? Under the act "if the debt limit is hit" Goverment will only be able to borrow more for funds to keep up payments to international creditors and nothing else. Government borrowings will no longer find any place in the domestic economy. The Government will be exclusively a taker of money out from the domestic economy and never more a "money put inner." And government priting its own money is not an option given because of the other act, the H.R. 3442, Debt Management and Fiscal Responsibility Act -- is the austerity act.

Then why does Ryan say "we could even go into a recession?" Here we are already in a monstrous deflationary depression in the domestic real economy and Ryan is saying we "may even have" a recession? Is he mad? Isn't this middle class depression that has been unending also a recession? Actually it is not -- because recession is measured by GDP and the destruction of every small business, the end of many jobs, the cuts in wages, the fall in business revenue, business losses, bankruptcy and so one -- are all calamaties to the domestic real economy that are balanced out by the gains of the financial sector, the profits of Goldman-Sachs -- so that as the real economy product (one component of GDP) heads for the center of the earth that decrement is balanced out by financial sector gain going astronomical -- so that the drop for us is cancelled by the gain to Goldman-Sachs (which is counted as part of the service sector in national income accounting -- although Goldman-Sachs is also counted as one of the "industrials" now in the Dow Industrial Average.) At any rate - THIS BILL RYAN IS FOR SIGNALS THE INTENTIONS OF INTERNATIONAL FINANCE TO GO ALL THE WAY IN CRASHING THE DOMESTIC AMERICAN ECONOMY AND THE PART OF GOVERNMENT THAT PROVIDES PUBLIC SECTOR GOODS -- WHILE MAINTAINING MONEY PAYMENTS SERVICING THE DEBT TO ROTHSCHILD AND ALLIED INTERNATIONAL CREDITORS NO MATTER HOW THOSE INTEREST PAYMENTS SUCK THE PEOPLE DRY.

No one is going to stand up to Ryan to say that. No one in Congress understands any of this, and they will not listen. Certainly Senator Warren is oblivious to it. And Donald Trump and Jeb Bush -- and Hillary Clinton -- they don't understand it and if they did they would not care - because they are part of the upper-loop -- they do not produce goods in the real domestic economy -- they do not work for firms that produce goods and services in the real economy. They are higher in the pyramid of economic and political power than the debt slave base.

Solution? You want a solution? I gave you your stinking solution -- repudiate the debt and immediately switch to government created money that is directly passed out to the people so they can spend it into circulation so that businesses can earn revenue when they produce and hire and buy inputs from other producers and so the government can tax them directly for public services the government provides without any debt or deficit ever. THAT IS YOUR ONLY SOLUTION -- AND NO ONE RUNNING FOR PRESIDENT OR CONGRESS IS GOING TO GIVE IT TO YOU AND NO ONE IN THE MEDIA THAT IS OWNED BY THE SLAVE MASTERS IS GOING TO PICK UP ON THIS SOLUTION AND TELL YOU ABOUT IT. And what are the odds that you are going to read this and believe it, and communicate it, and organize behind the solution to agitate for it, to move the masses to demand it? I don't know the answer to that. You show me.

Dick Eastman
Yakima, Washington

[Danny B]

socialism, responsibility, wealth and death

Churchill said that socialism is the creed of failure. Socialism is the "firewall" between non-producers and Darwinian pressures. Capitalism demands that you be responsible for your own welfare. Socialism is strictly a distribution system, ignoring productivity and responsibility.
Angel says that somebody has to be held responsible for taking care of her and her 15 children (now 16). https://www.youtube.com/watch?v=RBqjZ0KZCa0
What happens to a society if you remove responsibility and accountability?
https://www.youtube.com/embed/pELwCq...&autoplay=true
Capitalism works on a reward system. Socialism offers no reward. I was in Berlin before the wall came down. There was nothing going on. Everybody just put out the minimum of effort.
If socialism is such a losing arrangement, why do the jews espouse it?
Milton Friedman Capitalism, Socialism, and the Jews https://www.youtube.com/watch?v=ulqBb4JePuQ

"Marxism, Socialism, or Communism in practice are nothing but state-capitalism and rule by a privileged minority, exercising despotic and total control over a majority having virtually no property or legal rights. As is discussed elsewhere herein, Talmudic Judaism is the progenitor of modem Communism and Marxist collectivism as it is now applied to a billion or more of the world’s population."
Dilling X: The Jews and Marxism — Socialism — Communism

SO, we can have world socialism but, we will have world poverty to go with it. The U.S.S.R was a pretty good example. A lethargic society that was drunk most of the time.
The political faction of the PTB want socialism. They also want the SDR so that they can expand it without limit. The producing faction of the PTB want capitalism, responsibility and gold.
This is the crux of the battle going on behind the scenes. We will continue the downhill slide until about 2020.

Edit; Good old socialism is crashing Illinois; Mish's Global Economic Trend Analysis: Apocalypse Illinois: IOUs Projected to Hit $10.5 Billion, $163 Billion Total Accumulated Liabilities

[Danny B]

Japan tries all the "blind alleys"

The PTB have always tried to obfuscate and rewrite history to maintain power. "Search" can do 10 years worth of work in .27 seconds. Researchers are increasingly publishing work showing that our economic plans and rules are bogus constructs. "Austrian" economics is the school of thought that seems to be the closest to accurate. BUT, Keynesian economics is the school that gives the most power to GOV. All the so-called economic "tools" are used by all the tools in GOV and academia to keep GOV in power.
Japan can NOT escape the doldrums. They propose a "NEW" plan to replace all the old plans that didn't work. What Japan's next stimulus may look like as Abe runs on fumes | The Japan Times

Krugman; "Persistent deflation has created a society in which people hoard cash, making it hard for policy to respond when bad things happen"
" there actually is a surefire way to fight deflation: When you print money, don’t use it to buy assets; use it to buy stuff. " http://www.nytimes.com/2015/09/11/op...tion.html?_r=1
Krugman is an idiot. Printing money does NOT create wealth. He is not the only one. The conventional tools just don't work so, the idiots are moving ahead with non-conventional tools.
Negative interest rates are coming into play where the bank charges you to hold your money. "They" seem to believe that if they charge you enough, you will spend your money and stimulate the economy. Now, there is an even better idea.
"It is easy to neuter cash taken out of the bank as a way to defeat negative interest rates simply by removing the guarantee that the Bank of Japan will take that cash back at face value."
"If the guarantee that the Bank of Japan (or other central bank) will always take cash back at face value is removed, it leaves no way to avoid negative interest rates without stimulating the economy. If people take cash out of the bank, store it, and then spend it, that stimulates the economy. If a firm takes a pile of money facing a negative interest rate out of the bank to build a new factory, that stimulates the economy."
Japan is wasting its time trying to raise inflation - Quartz
So, maybe the banks let you deposit your cash,,, maybe they don't.
These morons keep trying to stimulate productivity when the problem is consumptive power.

[Danny B]

GOV vs the banks in the final showdown

H.R. 692 will be a self-binding law that will prevent GOV from defaulting. Armstrong said that, in the end, GOV will eat the banks. That might be quite a spectacle.
"All political power comes from the barrel of a gun" Mao
Who has the most guns?
In other news, complacency seems to be the watchword. "Global risk sentiment (red) vs. global stock prices (black) – a huge gap has opened up between reality and perceptions"
Acting Man Blog | Oblivious To Risk – Investors In LaLa-Land | Talkmarkets

[Danny B]

No home for the hot money

This is the third time that I've tried to post and the board won't take it. I deleted the links and still, it won't go. I don't know what is wrong but, I'm getting tied of it.
Dan

[Danny B]

Breaking it up

China; "China's Economy Continues To Crumble As Key Data Is Worst In 15 Years" " Citi’s Chief Economist Says China Is ‘Financially Out of Control’ (Bloomberg) " the Chinese stock market has lost more than $ 2 trillion of markets cap." OK, so a smart person wouldn't want to invest in China. NO PROBLEM. Goldman Sachs has come up with a list of alternate places to invest. Sounds EFFING great.
"This time last year, it looked like Goldman Sachs Group Inc.’s selection of emerging market up-and-comers was ready to fill the void left by shrinking investment returns in Brazil, Russia, India and China.

Share prices in these “Next 11” countries -- places like the Philippines, Turkey and Mexico -- were trading at all-time highs as foreign investors flooded their markets with cash. Inflows into Goldman Sachs’s U.S.-domiciled Next 11 equity fund sent assets under management to twice the level of the firm’s BRICs counterpart.

Now, though, the Next 11 countries are looking even worse for investors than the larger markets they were supposed to supplant. MSCI Inc.’s Next 11 equity gauge has tumbled 19 percent this year, versus a 14 percent slump for the BRIC index. Foreign capital is rushing out, with the Goldman Sachs fund shrinking by almost half as losses deepened to 11 percent since its inception four years ago."
Goldman's Next 11 Markets Are Sinking Even Faster Than the BRICs - Bloomberg Business

[Danny B]

second half

Now, though, the Next 11 countries are looking even worse for investors than the larger markets they were supposed to supplant. MSCI Inc.’s Next 11 equity gauge has tumbled 19 percent this year, versus a 14 percent slump for the BRIC index. Foreign capital is rushing out, with the Goldman Sachs fund shrinking by almost half as losses deepened to 11 percent since its inception four years ago."
Goldman's Next 11 Markets Are Sinking Even Faster Than the BRICs - Bloomberg Business

How about the American stock market? "$2.1 trillion erased from U.S. stocks in 6 days"
OOPS, that doesn't sound too good. Things are whacky all over; BRICs in crisis, Argentina's president freaks out, goes on warpath – Wolf Street

The wage base has been destroyed and still the bankers try to preserve the consumer economy.
"The top four employment sectors in the US pay less than $10 per hour. "
The American Dream deferred: Looking at the 4 horsemen of middle class destruction. Student debt, household income, low wage jobs, and FIRE economy dominance. The American Dream deferred: Looking at the 4 horsemen of middle class destruction. Student debt, household income, low wage jobs, and FIRE economy dominance.

[Danny B]

30 fixes from Dick Eastman

10 characters
Dick Eastman came up with a list of 30 things needed to fix the economy. No matter how many times i try to post this simple list, it just won't enter. I'm going to try to just list a few.
1. repudiation debt to fraudulent bankers
2. institute permanent national money created by fiat (from “thin air”)
3. originate all new money exclusively in citizen’s primary bank account with a regular free and clear household-sector dividend
4. seperate banking from money creation, ending the fractional reserve banking system and requiring that money creation and distribution to households be a Federal function and the chartering and regulation of banks be a function and responsibility of the states
5. require that banks lend only funds entrusted to the bank by money owners for that purpose
Trying to edit in a few more;
6. eliminate the federal income tax which penalizes productivity and initiative, and replace it with direct taxes equally applied individually imposed for each item of public service approved by Congress, with also a direct excessive wealth tax services including inheritance tax
7. require that the risk of all bank financed transactions be shared between borrower and lender, so banks can only recoup 1/2 of principal in event business loss resulting in default
8. elimination of all national banks, allowing the states to regulate banking while government regulates the money supply dividend to households
9. ending of foreign investment here and American investment abroad
10. severing the domestic monetary unit from the international dollar — allowing the Federal Reserve leave the country taking the international dollar with it
11. regulate foreign trade to ensure that imports in the course of a year are paid for by exports, i.e., balanced trade
12. abolish the corporation as a structure of American business enterprise, breaking up all corporations into single proprietorships or partnerships
13. eliminate the Internal Revenue Service, tax collection being taken over by the US Treasury and enforced by US marshals — impose an excess wealth tax
14. end all deficit finance by government — require that all government goods and services be funded by direct taxation and fees
15. elimination of all trust foundations with all good causes being funded for current expenses only and non-profit corporations

[Danny B]

30 things, trying again

16 expand and conscientiously enforce anti-trust and anti-monopoly law and regulation extending these especially to mass-media with the understanding that monopoly in media is an infringement of everyone's right to free political speech where the minority view always has the possibility, through persuasion, of becoming the majority, which is not the case when a few people own all mass-media
17. limit the ownership of rental properties, news media, the number of homes and the total acreage individuals, and businesses may own
18. requiring by amendment to the Constitution that only uncommitted electors be chosen to the electoral college which both find elect the best qualified president (as the Founding fathers intended), the reputation, character, knowledge of public issues, good and wisdom of the electors who select our presidents being the criterion upon which electors will be compared and chosen
19. end the popular election of Senators, once again having the State legislatures choose US Senators for their respective states