Economic pressures

[Danny B]

The main pieces on the game board

"The ceiling already has been breached, but the Treasury Department has been using extraordinary measures to keep the government open."
"Failure to raise debt ceiling would be 'more catastrophic' than Lehman collapse, S&P says"
https://www.cnbc.com/2017/08/30/debt...nd-p-says.html
You never know when a "game changer" will come along.
"Tests to determine the electrical property of the material revealed it was indeed a super capacitor, and its 367 Farads/gram recorded capacitance was over three times higher than graphene super capacitors."
Chinese Researchers Develop Supercapacitor From Dried Leaves Three Times Better Than Graphene

Armstrong, "Remember one major thing. This is the move that has to suck people in on the wrong side in order to create the energy to swing back in the true direction. This is true in stocks as well as in gold. I have warned that we can get a potential HUGE false move, which can even be the biggest in history. The bigger the false move, the bigger the REAL move."
https://www.armstrongeconomics.com/a...fore-the-rise/
"They do not seem to grasp that injecting money by buying government debt and then raising taxes on individuals will not stimulate the economy. Nearly 10 years of this insane policy and we have less than 2% inflation. They seem incapable of comprehending that simply increasing the money supply does not produce inflation. The only thing that counts is the increase in net disposable income."

https://www.armstrongeconomics.com/armstrongeconomics101/economics/germany-increased-tax-collections-4-3-1st-half-2017/

"However, after the U.S. markets opened, MAGICALLY everything reversed because the nuclear threat with N. Korea, Biblical flooding in Texas and the upcoming debt ceiling issue no longer mattered. Those of us in the Alternative Media find this quite hilarious that nothing negatively impacts the financial markets anymore"
The divergence, https://dj0s31cxqi9ot.cloudfront.net...VIX.png?x65756
Trump said that he wanted a weak dollar. https://dj0s31cxqi9ot.cloudfront.net...ART.png?x65756

https://srsroccoreport.com/death-of-the-u-s-dollar-reserve-currency-picking-up-speed/

The attacks on crypto are picking up, https://www.armstrongeconomics.com/w...to-currencies/
The feces-for-brains at the FED have been trying to inflate away the pain of paying the national debt. They have been wildly successful in inflating the upper loop where people don't actually produce anything. They have completely failed at inflating the lower loop where people have to actually be productive. The upper loop just rolls everything over and re-invests. Nothing ever gets produced. There is a price spiral in the upper loop. There is no spiral in the wage & price structure of the lower loop where it actually counts.
The State is very keen to devalue the dollar. Historically, currency inflation was used to inflate away 50% of the pain of repayment of GOV bonds. Historically, many States have revalued gold higher to revalue their currency lower. The CBs dumped thousands of tons of gold to try to drive it out of the monetary system. Once again, they lost that battle. They are buying about 385 tons a year.
Rickards speculates that the FED? treasury? will revalue gold UP to value the dollar DOWN.
I can't say that I am convinced.

http://www.goldcore.com/us/gold-blog/gold-reset-10000oz-coming-end-year-rickards/

[Danny B]

The end of currency reserves

The foreign exchange markets (FOREX) trade about $5 trillion every day in currency swaps. All States hold huge reserves of foreign currency to control and / or offset valuation problems in their domestic currency. Many States try to control the value of their currency by "pegging" it to a more stable currency,,, like the U.S. dollar. These pegs usually don't last very long if there is an underlying problem OR advantage to the domestic currency.

The Bretton Woods agreement set the U.S. dollar locked into gold and, the various other currencies locked into the dollar. After the crash of the gold standard in 1971, the various currencies just floated. The FOREX market taxes advantage of small variances.
The current currency system is stretched to the max. Jim Rickards claims that gold will go to $ 10,000 on January 1 of 2018. Any time that a State plans to make a huge devaluation, it never announces it ahead of time.
The U.S. debt can never be paid down with the current value of the dollar. The State may very well be cooking up a scheme to radically devalue the dollar. Who Knows?

FOFOA has just written a VERY important paper concerning the advent of cleanly floating currencies. The world is now operating on the dregs of the Bretton Woods system. The U.S.trade deficit is about $ 1.5 billion a day. Triffin's dilemma clearly explains why many States buy U.S. treasury debt as reserves. It's a bad system for the rest of the world and, it is coming to an end.
"One way to address the issue of the management of foreign exchange reserves is to start with an economic system in which no reserves are required. There are two. The first is the obvious case of a single world currency. The second is a more useful starting point: a fully functioning, fully adhered to, floating rate world."
All requirements for foreign exchange in this idealized, I should say, hypothetical, system could be met in real time in the marketplace at whatever exchange rate prevails. No foreign exchange reserves would be needed.

If markets are functioning effectively, exchange rates are merely another price to which decisionmakers--both public and private--need respond. Risk-adjusted competitive rates of return on capital in all currencies would converge, and an optimized distribution of goods and services enhancing all nations' standard of living would evolve."
-Alan GreenspanBut, But, what about the bankers?

Don't get me wrong, though. This in no way negates or delegitimizes the genius of MTM gold on Line 1 of the Eurosystem's balance sheet. That was a master stroke in terms of promoting gold within the current system (the $IMFS), and "signaling" that it's an asset, not a currency, that can rise without competing with the euro currency. It was also a master stroke in terms of weathering the transition away from the dollar reserve system.

Think about it this way. When the dollar dies, most of the reserves on most central banks' balance sheets will go *POOF*. Simultaneously, the gold portion will be revalued and will fill that hole, and then some. So it's good to have gold reserves for the transition, and it's good to promote gold for the people.
FOFOA: Nine!

The system is broken. The CBs have printed up $ 200 trillion to try to save the power of the bankers. It's only money, NOT wealth. Their current attempt at maintaining control is the creation of the SDR. IF China was all on-board with the SDR, they wouldn't be stashing every gram of gold that they can get their hands on.
The State wants to maintain ALL control on all stores-of-wealth. The banks want control on all movements of money. The economy just can NOT survive having the mega-parasites running the show.

Meanwhile, back at the FED, the CB is trying to manouver itself into a continuing access to the jugular vein of the economy.

https://dailyreckoning.com/feds-race-time/

[Danny B]

Armstrong,,,, trying to save the lower loop

Armstrong has a good grasp of the reasons for the rise and fall of societies. Here are a few short articles to think about.

https://www.armstrongeconomics.com/qa/usa-eu-differences-in-monetary-policy/

https://www.armstrongeconomics.com/i...nti-democracy/

"When I travel to the USA, I notice the younger generation pay with their cell phones and are not even interested in paper money. In Europe, the younger generation is also disinterested in gold. Could it be that gold is becoming obsolete as the horse and buggy?"
"Yes, gold is still relevant for the older generation."
"The older generations are much more focused on gold and privacy issues than the younger generation."

"The only thing that will possibly prevent gold fading into memory once again is a political reset and revolution where the course of society is again shifted. This is why governments have been selling bullion coins. There is no intent upon returning to any form of a gold standard. They are looking to eliminate even paper currency and any return to a gold standard is not on the table"
"There is a risk of a Dark Age if the whole thing collapses because government turns against its people rather than reforms. If we go that far, I have said before, then you reset to square one and value becomes food and it will gradually build back up from that point"

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/is-gold-still-relevant/

"Let us hope that we do not go into a Dark Age. I certain do not think we are going all the way to a Dark Age. The reason I warn about that is to hopefully make people aware that this is one of those times when such events take place. I do not believe that the cycles can be altered. What I do believe is we possess the power to understand and reduce the volatility."
"What we face is rising tension and dysfunctional government. It is always government that causes the Dark Age. Their greed and obstinate desire to maintain power results in them turning against the people to retain control. If we understand what they WILL do, we can intelligently counteract those measures. The army will be a key component. If some divisions support the government and others the people, there is your civil war. Then we have the Marxists who are in a clear trend to retake government. So this is the battle we will have to confront."

What we face is rising tension and dysfunctional government. It is always government that causes the Dark Age. Their greed and obstinate desire to maintain power results in them turning against the people to retain control. If we understand what they WILL do, we can intelligently counteract those measures.
If we can neutralize government then we can save the future."

"The White Supremacists see their life style diminishing and blame immigrants, minorities, and the Jews because of their dominance in banking. The problem is always government. It consumes more than 50% of the GDP which is just wasted. That reduces the standard of living for everyone. Hunting the rich causes them to hoard and invest less so you then have economics also declining and today 2% growth is hailed as fantastic. The larger government becomes, the lower the economic growth, the higher the taxes, and the lower our standard of living since government produces nothing"
"Workers are being replaced ONLY because of taxes and healthcare costs."
" We have to reboot government for that is what is destroying society. Fix that, and we can advance in society rather than go into a Dark Age because they turn against the people as has been the case throughout history"

https://www.armstrongeconomics.com/world-news/civil-unrest/3d-printing-ai-and-robots-v-dark-age/

Armstrong is a trader / investor. The job of a trader / investor is to intelligently and productively guide and allocate capital to where it is most productive. Traders don't actually produce anything. Traders hate taxes. Armstrong and his ilk have lost sight of the fact that; all this great productivity is useless if people don't have a living wage.

The upper loop of the economy was re-capitalized. This just didn't work because of the falling wages and falling employment in the lower loop. The clamor is getting louder and louder to re-capitalize the lower loop.

https://www.cnbc.com/2017/08/31/1000-per-month-cash-handout-would-grow-the-economy-by-2-point-5-trillion.html

Germany forced austerity on Greece because Schauble and the other German boneheads just didn't understand inflation. Actually, the CBs have little understanding of economics in general.

https://www.yahoo.com/news/m/4cd71d37-0094-3549-be48-6e3437514ba5/ss_fiscal-austerity-after-the.html

[Danny B]

Inescapable deflation

A bit more from C.H. Smith, " Despite all the happy talk about "recovery" and higher growth, wages have gone nowhere since 2000--and for the bottom 20% of workers, they've gone nowhere since the 1970s.
Gross domestic product (GDP) has risen smartly since 2000, but the share of GDP going to wages and salaries has plummeted: this is simply an extension of a 47-year downtrend.
Why do stagnating wages for the bottom 95% doom our status quo? As I noted yesterday in Why Wages Have Lost Ground in the 21st Century, our system requires ever-higher household incomes to function--not just in the top 5%, but in the top 80%.
If 95% of the households are earning less money when adjusted for inflation, and their wealth has also declined or stagnated, then how can we pay for programs which expand by 6% or more every year?"

Here is a graph that shows income inequality. The critical thing to remember is; All that wealth that flows to the upper loop and the richest 1% is LOCKED OUT of circulation in the general economy. The boneheads don't seem to realize that this is DEFLATION of the money supply.

http://www.oftwominds.com/photos2017/inequality-NYT8-17a.png

"The conclusion is sobering: wages/salaries are no longer an adequate means to distribute income or paid work. Our system is broken at the deepest levels--not just economically broken, but socially broken as well. Clinging to this broken model and filling the widening gap between the super-wealthy and everyone else with more debt will doom the system."
The rich write the laws. They wrote them in THEIR favor. Crashing deflation of the general economy is the result. $ 200 trillion created and, we still have deflation.
charles hugh smith-Weblog and Essays

The GDP numbers are just bogus BS to anaesthetise the investors. GDP just keeps going up. What about actual productivity?
"And he recently caught our attention by surfacing this chart of the change in annual Real Value Added to the US economy, a metric that hadn't been on our radar beforehand. This has been a reliable indicator of recession in the US for nearly 70 years, and is now signaling that we've likely already entered one: "

http://realinvestmentadvice.com/wp-content/uploads/2017/08/graph-1.png

"financial markets are not just overbought, but dangerously overvalued at this point. Similar to John Hussman (another producer of market indicators we value highly), Lance shows that, because today's prices are the result of pulling so much of tomorrow's valuation into today (e.g., via the suppression of interest rates and overexuberant speculation), we are living at a rare time in history where the average market return for the next 20 years may well be negative:"
This article has GREAT Graphs. You can skip the first part though. Another graph. https://s.yimg.com/ny/api/res/1.2/LN...13907ad337f2fe

https://www.peakprosperity.com/blog/

110568/van-halen-mms-and-next-market-downturn

This shows the FED rate going up as the economy goes down, http://media.peakprosperity.com/imag...rse-chart2.jpg

http://themostimportantnews.com/archives/former-fed-chairman-alan-greenspan-ominously-warns-that-the-biggest-bond-bubble-in-history-is-about-to-burst

[Danny B]

About that bond bubble

"While the politicians and the mainstream media are playing down any concerns about the US debt ceiling, Treasury Bill market participants are seeing chaos as the yield curve has snapped across the Sept-Oct divide with panic-buying in bills that mature ahead of the September-end (Q3-end liquidity needs), and dumping of October bills."
Ah yes, the debt ceiling contagion. Just how contagious is it going to be?

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/08/31/20170901_debt1111_0.jpg

credit default swaps.Is A US Default Imminent: Liquidation Panic Grips T-Bills Market | Zero HedgeSomething stinks here. Wire transfers take milliseconds to clear.

https://www.rt.com/business/401693-banks-settlement-coin-blockchain/

Why would the BIG banks want to bypass the SWIFT system? CURRENTLY the banks are locked out of doing business with States that are under sanctions.

[Danny B]

Oil, gold, China, more oil, Venezuela

ALL liquidity produced by Central banks flows into general

https://dailyreckoning.com/china-battles-impossible-trinity/

China desperately needs for investors to have confidence in the Chinese economy. They are betting on gold and oil. The U.S. has done quite well with an oil-backed currency,,, the petro-dollar. The East is in the process of destroying the petro-dollar. THEY have cheap oil and, We do not.
We would definitely like to steal the oil from Venezuela.
We are all hot & bothered about democracy there. We will go in and lock down the oil to bring democracy back. China and Russia are currently helping Venezuela to keep us out.
In the meantime, China is working on gold-backing. Gresham's Law ensures that they can't successfully back the Yuan with gold. But, they can back their bonds with gold.

Jim Willie has long predicted that this would happen.
" the profound effects on the dying Petro-Dollar, the new Russian oil consortium to link Venezuela & Iran & Saudi (maybe Mexico soon) for mixture management and exclusive non-USD oil sales"
"namely the Gold Trade Note and the gold-backed RMB & Ruble currencies, the two primary arenas in crude oil & Gold for big upcoming events that will have price impact, the surrender of the USMilitary to the dual RMB-USD universe"
Jim Willie Golden Jackass Hat Trick Letter interview | TF Metals Report
"the fraudulent upcoming gold-backed Dollar prospects with details on likely fraud, the effects of depressed oil price with unlikely spike upward, the Russian oil consortium with anti-USD effect toward killing the Petro-Dollar, the Chinese dumping of USTreasury Bonds featuring collusion with JPMorgan (their new lackey), the reported Rothschild Family exit from US stocks, the USMilitary retreat with peaceful coexistence for USD/RMB dual universe

https://ochelli.com/all-american-finance-fraud/

China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold | OilPrice.comCould the US Use Its Gold Reserves to Avoid a Debt Ceiling Showdown?

OK, so, oil contracts will be quoted in Yuan and executed in gold where demanded. This will be tough for China to uphold since they are so accustomed to printing Yuan without limit. The East has eastern oil locked up. Pox Americana desperately needs to lock up Western oil. That means Venezuela and Mexico. If the East locks in Mexican oil, times will be tough. Fortunately, Mexico is a lot closer than Venezuela so, it won't be very expensive to invade.
Syria has oil and Pox Americana says that we will take Syria over and garrison it permanently. The oil from the Golan Heights is very conveniently located right next to the Chosenites. Not one to forget important details, the pentagram says that Pox Americana will be in control of Afghanistan for at least the next 50 years.

The oil industry is burning through cash at the rate of $20 billion a year. Harvey made a direct hit on the biggest concentration of refineries.
If this new storm, Irma, does the same thing to Louisiana or NYC, I'm definitely

https://dailyreckoning.com/chinas-red-october/

Because of the impossible trinity, China will probably de-peg the Yuan. THAT will be a major move.

[Danny B]

Deflation lurking in the wings

Markets are pretty quiet because everybody is upset about the H-bomb explosion. A couple months ago, gasoline exports from China to North Korea were stopped. They are definitely in trouble. The army was told to go steal corn from the fields because there is not enough money to feed them. Kim is running out of time and money.

GOV and the FED, plus all the other CBs pumped in bazillions of currency units into the markets. With wages falling, there was no legitimate need for this money. Naturally, it went into mal-investment.
"the average yield on corporate bonds with very poor credit ratings has dropped to a record low of 2.3 percent in the euro area.

In other words, investors are willing to accept these very low returns to finance companies threatened by bankruptcy."

https://global.handelsblatt.com/opinion/the-return-of-meltdown-risk-820647

Beware: Russell 2000’s True P/E Ratio Is 78.7, NOT the 20 to 26 Bandied About - munKNEE dot.comA Hot Mess - Kunstler
That smooth little twat, Macron has his eyes on the $1 trillion budget surplus that Germany holds.

https://www.armstrongeconomics.com/international-news/europes-current-economy/macron-wants-a-federal-budget-for-all-of-the-eurozone/

https://hendersonlefthook.wordpress.com/2017/09/03/consolidating-the-money-power/

Keep in mind that your savings were used to finance this power play. Your money is gone. It was used to inflate everything in sight,,,, except your wages. Consumer debt in America is now $ 60 trillion.

[Danny B]

Basking in the sun for a very short time

China just initiated their oil-for-gold platform. They don't want any outside competition.
Maybe THAT was their undoing.
So, make cryptocurrencies illegal and, there will be less competition.
So, the store of value competition boils down to gold and cryptocurrencies.

What Gives Cryptocurrencies Value
Cryptocurrencies: Intrinsic Value Boil Down

[Danny B]

Link vs Peg,,,GOV extortion

FOFOA claims that the world will get rid of both a reserve currency and all currency reserves. ALL currencies will float in an exchange.
FOFOA: Nine!
Human nature ensures that Gresham's Law is inviolable. NO currency can have a fixed

https://www.armstrongeconomics.com/markets-by-sector/energy/gold-oil-dollar/

"The difference between the ECB and the Fed is stark. The ECB owns 40% of Eurozone government debt. The Fed does not even come close."
"European financial markets have become addicted to the unprecedented inflow of cheap money even though there has been no appreciable rise in economic growth or inflation as was expected. "
Draghi talks about reducing bond purchases at the same time that Italy, et al need ever-increasing support. The French GOV spends 57% of the GDP to keep socialism (and rapefugees) alive. They are wildly out of compliance with debt laws for the EU. There is no way out.

https://www.armstrongeconomics.com/international-news/europes-current-economy/ecb-draghi-tapering/

The bankers see a possible way out of Franc's dilemma. Commerce is crashing because of a lack of purchasing power. That silly twat Macron thinks that he can save France by further reduce purchasing power.
Macron’s War on Labor
The PPI scandal in Britain, https://www.armstrongeconomics.com/w...rtgages-loans/

"Back in 2003, Judge Milton Pollack dismissed two class action suits against Merrill Lynch for putting out bogus research during the DOT.COM Bubble "
"Pollack then dismissed another 25 lawsuits against the bankers. Similarly, another judge dismissed suits against Credit Suisse First Boston, Goldman Sachs, and Morgan Stanley."

There is something much more sinister going on behind the curtain. I have warned that you really are taking your life in your hands doing business in New York City with a bank because NOBODY ever wins against the bankers no matter what they do. This begs the question about why are banks paying huge fines, yet nobody goes to jail, and there is never a trial while class action suits are summarily dismissed? Something is seriously wrong here. To discover the answer, as always, just follow the money!

So why are the banks paying huge fines but then nobody can sue them? An inside source coming from a lawyer who worked internally at a bank, explained that the New York Attorney General simply walks into his office and informs them they will hand over $1.2 billion in fines and he does not care about defenses or the rule of law. It is plain criminal extortion. The bankers pay these fines because they cannot afford to go to trial and lose for then class action lawsuits from depositors and shareholders will bury the institution."
"So the judges are in on the scam and class action lawsuits are dismissed with absurd reasoning and the government makes billions in the process. "
The plaintiffs lose but, the GOV wins.

https://www.armstrongeconomics.com/international-news/rule-of-law/why-are-banks-too-big-to-fail-too-big-to-jail/

[Danny B]

No bid with everything mis-priced

Germany has about a $1 trillion current account surplus. The rest of the EU has about a $1 trillion deficit. Macron says that the EU needs a debt union.
Now Poland says that Germany owes it $ 1trillion for reparations.
Germany must pay Poland up to $1 trillion in reparations, minister says | The Independent
"After the First World War Germany lost about 10% of its territory to its neighbours and the Weimar Republic was formed. ... The former eastern territories of Germany were ceded to Poland"
I guess that Poland has forgotten this.

The EU demanded that everybody take in rapefugees but now,,,, refuses to pay anything. Meanwhile Victor Orban is demanding that Brussels pay for the wall that he built to keep out the rapefugees.

https://www.armstrongeconomics.com/international-news/europes-current-economy/eu-refuses-to-honor-solidarity-to-share-expenses-of-refugees/

https://www.armstrongeconomics.com/uncategorized/the-crash-no-bid/

" 1. The process of inflating a bubble (for example, the current bubbles in stocks and real estate) requires pushing investors and speculators alike into risky asset classes. This puts the market at increasing risk as everyone is pushed to one side of the boat.

2. Those on the other side of the boat (i.e. shorts) are slowly but surely eradicated as the pumping keeps inflating the bubble. When the bubble finally bursts, there are no shorts left to cover, i.e. buy stocks at lower prices to reap their profits. "
"at some point the system loses all sensitivity to money pumping: no matter how much money central authorities inject, the markets refuse to go higher. At this point, the stick-slip nature of bubbles manifests and modest selling triggers a collapse as participants all rush for the exits. Buyers have vanished and there is no longer a bid at any price. "

Here is the state / level of our current bubble. http://www.oftwominds.com/photos2017...prices-GDP.png
Of Two Minds - The Trouble with Asset Bubbles: If You Stop Pumping, They Pop
"depth of the last crash, the wheeze of the collateralised debt obligation, which left no one able to distinguish between a good debt and a bad one. "
"Alex Brazier, executive director of financial stability at the Bank of England, warned last month that consumer loans had gone up by 10% in the past year, with average household debt having already eclipsed 2008 levels." GO ! Brits !Go Brits !Go Brits!

https://www.theguardian.com/commentisfree/2017/sep/04/britain-addicted-debt-crash-2007-sub-prime-mortgages-personal-credit

This one is a surprise, "The British courts have ruled against the bankers and insurance companies and they have to repay billions of pounds."

https://www.armstrongeconomics.com/world-news/banking-crisis/scandal-of-selling-insurance-on-products-mortgages-loans/

[Danny B]

https://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/opening-the-door-to-september/

The answer is very simple. The elder races are bored stiff so, they created our civilization just like Shakespeare created his world on paper.

[Danny B]

Socialism is very expensive.Yeah free stuff !It didn't work in India so, sure go ahead.
Digital currencies could mean the end of your bank account, ASIC warnsCryptocurrencies don't "flow" across a border.

"After explaining that central banks are creatures born of crisis in that they are designed to come to the rescue of banks ONLYwhen there are financial crisis, Dr. Weidman, noted that market interventions by central banks often provide financial stability" By screwing the taxpayer.
"Digitalization has the potential to provide financial benefits to the economy, with the risk, however, of disintermediating central banks. As such, the ability of central banks to conduct monetary policy diminishes proportionally to the increase in digitalization. " OH NO !, the CB must retain the power to save the private banks.AKA inflation

"Dr. Weidman notes that in times of crisis, money holders would withdraw their bank deposits and transfer them into the official digital currency, thereby rapidly withdrawing liquidity from the private banking sector in a digital bank run.

Without deposits, Dr. Weidman observes, banks could not make loans." They would all go belly-up in a day.
"3. Will central banks instead create their own digital currencies and in effect kill off the private banking sector and become the banking system in their respective countries with the abilities to create loans, make credit decisions, issue credit and track all transactions?"

The private banks own the FED. Digital currencies hold the possibility of pitting the private banks AGAINST the Central banks. BOTH the private banks and the Central banks can create unlimited cryptocurrencies.

Dr. Weidman claims that CBs are better because they can never go insolvent. The biggest banks are currently creating their own crypto-currencies. If they issue and create their own cryptocurrency, can they ever go insolvent? Will the HUGE TBTF banks just move their operations inside the Central Bank? All they truly want is money and control. If the TBTF banks issue a State crypto-currency, they can squeeze out all the competition.

[Danny B]

Trump & Dems,,,runaway banking sector,,, GLD + BS

The Republicans have blocked EVERYTHING that Trump has tried to do. The simple answer was to just ask the Democrats to work with him.
Republicans Furious As Trump Sides With Democrats On Debt Limit Extension | Zero Hedge
They kicked the can down the road for 3 months. There is a small problem. They plan to approve money for destruction from storm Harvey. BUT, storm Irma is going to be frightfully destructive and expensive also. Behind Irma is another hurricane Kim. Behind that is a tropical storm forming. To make matters worse, the sun has just kicked out the 14 th largest flare ever recorded.

https://www.youtube.com/watch?v=pQXu4JmbvzU

The appropriation for Harvey is just the beginning.

Armstrong said that the world economy will blow if the dollar goes up. Why the US Dollar is About to Go Up, and the Euro Isn?t. | Zero HedgeThe world is becoming desperate about deflation - MarketWatch

Here is a graph showing the banking sector compared to the GDP. America looks to be about 105%. China,, 310%. What really stands out is the debt in Britain and France. Britain is pushing about 575%.

http://static5.businessinsider.com/image/59ae3d70ba785e6a350aa04d-1752/china%20debt%203.png

http://www.businessinsider.com/chinese-debt-risk-to-financial-stability-2017-9

http://www.silverdoctors.com/gold/gold-news/ned-naylor-leyland-reveals-actual-owner-of-bob-pisanis-gld-gold-bar/

[Danny B]

Big Brother is coming to the blockchain

It's getting more and more difficult to read the tea leaves. You can bet that those in power want to retain power. That is a good starting point. The dollar / IMF people want the SDR to be the standard of value going forward. The rest of the world wants to see gold as a reserve and trading done in local currencies. FOFOA presented the idea of a world without reserve currencies. What will a net-exporting State use for a store of value? China really doesn't seem to want crypto-currencies to gain a niche. Russia thinks,,, maybe.

Listen to this vid from 18:50 to 23:45. https://www.youtube.com/watch?v=U0U1WAXSn3oThe power and use of gold is; it limits Central banks from doing unlimited credit expansion. Evidently, China has felt NO restraint in that department.All international transfers have to transit through Wall Street banks "

https://sputniknews.com/business/201709071057180089-sberbank-gold-china-russia-economy/

SWIFTFormer 'Plunge Protection Team' Member Warns "Blockchain Is Freaking Governments Out" | Zero Hedge

Imagine that you have 100 lbs. of gold. Imagine that you want to buy a house. The State will take your gold if you declare it because the East only wants gold for international transactions. If you don't declare it, you can't pay for the house because it is on the blockchain like everything else on the "internet of things". The current official price of gold held by U.S. GOV is,,,,,,, $ 42,22 and oz.

[Danny B]

no more debt ceiling?

Trump has called himself The Debt King. What would a real debt king do about the debt ceiling?
" In a meeting with GOP and Democratic leaders, in which Trump sided with the Democrats on a fiscal deal to raise the debt ceiling, the president said he believes the votes are unproductive, those people said.
With Congress set to lift the debt ceiling into December as part of the deal, Trump floated the idea that the next time Congress votes to raise the debt ceiling, it could be the last. He said conversations should happen over the next three months, according to people in the room."
"However, Orrin Hatch - Republican Senator for Utah and Chair of Senate Finance Committee - says he wants to abolish debt ceiling votes.

Translated: Trump suggests that there should be no constraint at all, not even the fiscally conservative pretence of the debt ceiling law, over how much debt the government can pile on the backs of future generations of Americans."
Trump Wants To End The Debt Ceiling, Schumer Agrees | Zero Hedge
The debt is completely unpayable so, future generations are not going to pay it back.

https://www.youtube.com/watch?v=iFDe5kUUyT0

Watch from 12:00 to 15:25
The debt can never be paid back because there just isn't enough money in existence. There is ever-more debt created BY the upper loop to pay back the upper loop. It is ALL debt.
Trump may very well propose getting rid of the debt ceiling. The FED could create endless FRNs and bonds. It would essentially be debt-free money because nobody could pay it back. The debt ceiling is just an arbitrary number that we have imposed on ourselves. We've raised it over 100 times so, it's pointless to preserve it. One note: The debt has doubled under every president. Trump could hit $ 40 trillion. BUT, with other States trying to de-dolarize, nobody but the FED would buy the debt.