Economic pressures

[Danny B]

Elastic money supply,,, sliding down

Armstrong excoriates Andrew Jackson for killing the central bank. Armstrong is a speculator. His major blindness is; he demands an elastic currency. Under a gold standard, the currency grows at the same rate as the gold supply. This allows for very little speculation. What he fails to recognise is; any elastic currency will eventually be overstretched by the State and bankers. The original charter of the FED was pretty good. Naturally, the bankers were not happy with this. In general, a State goes off the gold standard when it is preparing to go to war. They need to make war on their credit card. Unfortunately for the R.O.W. America had the huge Bretton Woods credit card.
The elastic currency ALWAYS brings a credit cycle. The state wants that to buy elections and wars. The bankers want that to suck in the punters and fleece them. We are coming to the end of a credit super-cycle. On a gold standard, this could never happen.
After the turn of the century, the bankers ramped up borrowing at the same time that wages were falling. They were bailed out. They have needed a continual bailout.

"taxpayers have written checks totaling $190 billion to Uncle Sam so far this month.

Yet despite being flush with tax revenue, the US government still managed to pile almost a quarter of a trillion dollars more on top of its already enormous mountain of debt."
"the US government spends nearly the ENTIRETY of its tax revenue on Social Security, Medicare, and Interest on the Debt."
The US Government Quietly Added $200 Billion To The National Debt This Month Alone | Zero Hedge

https://www.armstrongeconomics.com/armstrongeconomics101/the-gdp-decline-post-2015-75/

"The economy has had three jobless recoveries following the last three recessions" It will only get worse. Most of this article is plain lies.

https://www.theatlantic.com/business/archive/2017/10/next-recession-prepared/544391/

[Danny B]

Surviving on a housing bubble

The upper loop meets the lower loop in the housing market. Residential RE is not bought like commercial RE. We buy the biggest house we think that we can afford. We don't think about return on investment.No mention of China that has the biggest bubble of all because Chinese put all their savings into RE.https://3r8md7174doo44lgpk3kou79-wpe...rice-index.png

http://userscontent2.emaze.com/images/723b6340-dfd8-41db-92a6-1782daf85473/635437015086897499_fo4.jpg

https://3r8md7174doo44lgpk3kou79-wpe...t-to-own-1.jpgThere is always FEMA summer camp.

https://www.theautomaticearth.com/2017/11/the-biggest-ponzi-in-human-history/

[Danny B]

Too many changes at once

Only 13 percent of people worldwide actually like going to work - The ...
https://www.washingtonpost.com/.../o...de-actually-li... The data, which are based on nationally representative polling samples in 2011 and 2012 from more than 140 countries, show that 63 percent are "not engaged"
With the advent of cheap shipping, effectively, hundreds of millions were added to the global labor force. These hundreds of millions were added to the productive sector, but, only MARGINALLY added to the consumptive sector. At 30 bucks a month, they would eat better but, not much more. The Chinese government added to consumption by printing up mega-tons of new money.
Chinese growth is slowing way down and Chinese debt is growing faster than fast. States and Central banks worldwide are printing up money to maintain employment. BUT, the aggregate population of working age people is falling. The State is trying to extend this number by raising the retirement age. At the same time, automation is taking jobs. There is 70% youth unemployment in Spain.

As aggregate employment and aggregate wages diminish, discretionary spending decreases. To preserve profits and margin, industry utilizes more and more automation. As more automation enters the workplace, the surviving workers need to be more and more skilled to stay ahead of the machines.
"Most" people don't want to work anyway. All of the above has created a huge dislocation in the economy and consequently, in finance. Almost 100 million Americans of working age are not in the labor force. Their productivity has been transferred to low-wage workers. automation chips away at every job market. The State tries to make up the difference.
Essentially, all government is socialist. Given the opportunity, it will print so that nobody is poor. This always has the same end result.
The more automation we have, the more it prints. Public debt is growing faster than exponentially.
Realistically, if GOV just sent a check to everyone, nothing would get done. The CAFR1 site shows that GOV agencies have extracted hundreds of $billions and doesn't need to tax. Presumably, this is to keep all of us poor enough that we get up and go to work. This plan is failing because the robots have squeezed us out.
The PTB have focused on productivity because, historically, productivity was the most important factor. The robot has taken over productivity and now, the State stumbles around trying to re-focus on consumption. At the same time, lack of meaningful employment rots the soul and national fiber.

Our general economy can not re-adjust to these changes. The State is trying to maintain control of it's primary mechanisms. MONEY CREATION AND TAXING. The blockchain and BTC came out of left field and nobody knows where that will lead.
Here is a COMPREHENSIVE article examining many of the relationships between; the State, the economy and, the People.
Deutsche Asks A Stunning Question: "Is This The Beginning Of The End Of Fiat Money?" | Zero Hedge

[Danny B]

Debt service,,tax cut,,BTC

The FED claims that 94.4 million are not in the labor force. https://fred.stlouisfed.org/series/LNS15000000


In other news,

https://www.armstrongeconomics.com/international-news/rule-of-law/towns-restoring-to-extortion-of-drivers-to-raise-money/

Government Finances and Gold |
ZIRP is for the benefit of the State to service debt with less pain. It doesn't matter if huge sections of the economy wither away,,, as long as the State can afford to service it's debt.

Stockman, "Moreover, the idea that the GOP can pass a "middle class tax cut" is also way off base. That's because the middle class doesn't pay much income tax, and the 75 million households at the bottom half of the distribution pay virtually none at all."
"the built in CBO spending baseline for the next decade is $53 trillion, and even that assumes abnormally low interest rates (relative to inflation) as far as the eye can see.

Yet the budget resolution did not provide for a reconciliation order to the standing committees for one single dime of savings over the next decade. And without reconciliation there will never be any budget reductions because entitlements, mandatories and interest on the soaring public debt comprise 75% of that $53 trillion baseline. That is, if the standing committees are not ordered to make reforms they do nothing, thereby permitting the doomsday machine to just roll on automatically and indefinitely."
"Yet by then, the baseline level of red ink by CBO's lights will be $1.o2 trillion per year or nearly $1.2 trillion with the tax cut add-on permitted under this year's budget resolution."
"In short, the GOP is now in the midst of kicking the fiscal can right straight into a terminal crisis. Indeed, they have as much as admitted that in the implicit numbers in their phony FY 2018 budget resolution, "

"What lies around the corner is an immense fiscal catastrophe. That's the inexorable result of the current cacophony of can-kicking in the Imperial City."
"That is to say, after 100 months of so-called business expansion we still have negative real interest rates."
Contra Corner » The Can Kickers’ Cacophony

BTC news

I wonder if this virus can steal gold?

[Danny B]

Scraping the bottom of a barrel of fumes,,, with a gun

Revealed: Secret plan to keep Iraq under US control | The Independent
The Independent | News | UK and Worldwide News | NewspaperTillerson Says US Occupation Of Iraq IS PERMANENT
"In 2016, the United States exported about 5.2 MMb/d of petroleum to 101 countries. Most of the exports were petroleum products. The resulting net imports (imports minus exports) of petroleum were about 4.9 MMb/d."

https://www.eia.gov/tools/faqs/faq.php?id=727&t=6

So, Iran is next to Iraq and a very strong state. US Is #1 Enemy, Iran Will Never Yield To It - Supreme Leader
Pox Americana has pretty much lost control of Syrian oil. Iraqi oil is ever-more important.

What about minerals?
Rare Earth: Afghanistan Sits on $1 Trillion in Minerals - NBC News
Trump's Afghanistan strategy may unlock 3 trillion in natural resources
Pentagon says that U.S. military to be in Afghanistan for 50 years.
Here is an excellent article about America running out of both minerals and oil.

https://www.peakprosperity.com/blog/113397/running-out-room

"Rio Tinto has reported an inferred resource of 1.624 billion tonnes containing 1.47 percent copper and 0.037 percent molybdenum at depths exceeding 1,300 metres (0.81 mi)."
"Well, with a little conversion of MJ into barrels of oil, we discover that just a little over 5 million barrels of oil would be involved just in lifting the ore to the surface."
America runs a trade deficit of about $ 1.5 billion EVERY day. A default cascade would pretty much bring that to an end. We trade dollars, in the form of treasury bonds for resource imports. We get the resources at the point of a gun. Nobody actually wants our Treasury bonds so, the FED buys them. If interest rates returned to just 3.7%, it would cost $1 trillion a year for debt service. The only way that we can service the debt is for the FED to print up the money to pay interest.

[aljhoa]

Useful Idiots


Al

[Danny B]

Venezuela, Sr. Price,,, coin news

The oil majors want to pillage Venezuela. Venezuela is being locked out of the credit markets. Venezuela has just declared that they are going to restructure their debt. They need to sit down with their creditors and come to an agreement. BUT, the sanctions block their creditors from negotiating. This will probably bring on a default. BUT, there are lots of derivatives written against a default.
"Tomorrow Will Be Ugly": Venezuela To Restructure All Debt As Creditors Panic Over Imminent Default | Zero Hedge

A major "coin" is imploding, Another One Of The World's Largest ICOs Is Collapsing | Zero Hedge
China hopes to make a big splash with their One belt--One RoadThe Real ?New World Order? Is Coming To Life | Zero Hedge
They are making BIG bets on overland rail transport, as opposed to ship transport.

Sr. Price has a great article. Computer is acting up so, I won't excerpt it.

http://www.24hgold.com/english/news-gold-silver--lord-what-fools-these-mortals-be--.aspx?article=11705400684H11690&redirect=false&contributor=Hugo+Salinas+Price&mk=1

Crypto news;


State assistance, http://realinvestmentadvice.com/wp-c...DPI-080717.png

https://realinvestmentadvice.com/the-saving-rate-conundrum/

[Danny B]

No answer for displacement by automation

Man graduated from a hunter-gatherer existence to an agrarian / farming existence. He then graduated from an agrarian existence to a mechanized society. IF man has no niche in the mechanized society, he must revert to an agrarian system for survival. There are 95 million Americans who are not in the labor force. Savings, family and GOV transfer payments are keeping them alive. Most families have little or no savings. GOV debt is growing faster than exponentially.
Total global debt tops 325 pct of GDP as government debt jumps: IIF

https://www.reuters.com/article/us-global-debt-iif-idUSKBN14O1PQ

Jan 4, 2017 - Global debt levels rose to more than 325 percent of the world's gross domestic product last year as government debt rose sharply,

Global Debt Hits A New Record High Of $217 Trillion; 327% Of GDP ...
403 Forbidden [/B]
State debt can't continue to grow at this rate. 100 million people can not revert to an agrarian system. (U.S. only)

This State debt is purportedly going to be paid back by the next generation. This just isn't going to happen. Birth rates are crashing.

https://econimica.blogspot.com/2017/11/the-end-is-neardepopulation-is-out-of.html

The warm bodies just are not going to be born.

What about automation? The robots get better every day. Is every displaced worker going to go start a farm?
Feces-for-brains people propose a robot tax.Should Robots Pay Taxes? No - Capitalism Should Change - Forbes
https://www.forbes.com/sites/quora/....should-change/ I can't access the article. I think I used up my quota of free articles. Unemployed people don't consume. Robots don't consume. How is capitalism supposed .to adjust to a populace that doesn't consume?

A tax on robots might provide revenues to finance retraining schemes for displaced workers.

https://www.theguardian.com/business/2017/mar/22/robots-tax-bill-gates-income-inequality

State debt worldwide is growing astronomically. This is done, in the main, to finance consumption for people who have lost their job OR, it is done to maintain employment even though that particular niche is no longer profitable. Japan has the fastest falling birth rate and , Japan has the fastest climbing debt. As robots take more and more jobs, more and more people see that they can not afford to have children. As the labor force shrinks, consumption and profits shrink. More robots are employed to compensate for lower profit margins.

The U.S. uses debt-money and it carries an interest burden. 10,000 people retire every day and add to the debt burden. 95 million NOT in the labor force reduces both production and consumption. The State could pump debt-free money into the lower loop. Currently, it pumps debt money into the upper loop.
U.S. GOV took in $ 180 B in October and borrowed $220B on top.
Eventually, the world is going to discover that it can't support rising debt with a falling population. Eventually, the State will have to support the millions of retirees OR let them die.

[Danny B]

Competing models in banking

The formula in America is for the private banks to do almost all of the credit creation. They rake in $trillions in fees and interest. The bank of North Dakota is an exception.
"Public banking is banking operated in the public interest, through institutions owned by the people through their representative governments."
"Public banking is distinguished from private banking in that its mandate begins with the public's interest. Privately-owned banks, by contrast, have shareholders who generally seek short-term profits as their highest priority. Public banks are able to reduce taxes within their jurisdictions, because their profits are returned to the general fund of the public entity. The costs of public projects undertaken by governmental bodies are also greatly reduced, because public banks do not need to charge interest to themselves. Eliminating interest has been shown to reduce the cost of such projects, on average, by 50%."
"As of the spring of 2010, North Dakota was also the only state sporting a major budget surplus; it had the lowest unemployment and default rates in the country; and it had the most community banks per capita, suggesting that the presence of a state-owned bank has not only not hurt but has helped the local banks."
Introduction to Public Banking - Public Banking Institute
You get the idea. The HUGE interest drain is just returned to the people.
Edit,

https://www.huffingtonpost.com/entry/58079b31e4b021af3477654e?timestamp=1476894381025

Everybody goes on and on about the enormous credit bubble in China.
"In the early 1980s, the government started opening up the banking system and allowed four state owned specialized banks to accept deposits and conduct banking business. These four specialized banks are the Industrial & Commercial Bank of China (ICBC), China Construction Bank (CCB), Bank of China (BOC) and Agricultural Bank of China (ABC).

In 1994, the Chinese government established three more banks, each of which is dedicated to a specific lending purpose. These policymaking banks include the Agricultural Development Bank of China (ADBC), the China Development Bank (CDB) and the Export-Import Bank of China.
Introduction To The Chinese Banking System

50% of the cost of everything in America is for the cost of finance. It runs 19% for trash collection and 78% for public housing. China has built up a huge, impressive infrastructure in an amazingly short time. America has built up a huge, amazing public debt in a short time. Just as the Bank of North Dakota has proved the advantage of public banking, China has done the same. That isn't to say that they won't have some kind of crash. Their banking system is far more likely to survive because it SERVES the economy rather than bleeding it.

[Danny B]

China in on the one-world west plan?

There is a long-running debate as to whether or not the East is in on the "Rothschild" plan for a one-world currency and one-world GOV. Here is an infographic from Armstrong that shows China's place in history.

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

You can see that China fell badly about the same time as the Second opium War. It is a good bet that the Chinese will always do what is best for China.
Labor Protests Multiply in China as Economy Slows, Worrying Leaders ...

https://www.nytimes

China labour unrest spreads to 'new economy' - Financial Times
https://www.ft.Not going to happen.
"As I examined in my article 'The Globalist One World Currency Will Look A Lot Like Bitcoin,' while some politicians and banking moguls publicly attack blockchain-based products like Bitcoin or Etherium, in the background they are actually heavily invested in these systems"
This is a good article but, I believe that it comes to the wrong conclusion. The entire East has good reason to maintain the West at a good distance. The West frequently bombed the snot out of the East to control them and keep the drug trade going.
China and Russia are not building up their military with the intention to suffer a tight embrace from the IMF and BIS.

[Danny B]

Inflation, junk bonds, unemployment,, middle class

11/05 Fed’s Kashkari says zero evidence of rise in inflation – Reuters
Here is "zero" evidence, https://seekingalpha.com/article/411...ruth-inflation
Here are a billion more pieces of evidence, USA – The Billion Prices Project

Repost, https://www.wired.com/2017/05/will-p...re-not-robots/
"Who Will Pay for the Future if Not the Robots?" Have you ever seen a robot who carried cash or received a salary?
The CBs pumped in $trillions that the economy just didn't need. Everybody who received this hot money looked for a place to invest it with a good return. Too much money with too small of an economy,,,,, to low money velocity. High-risk debt for dodgy companies is paying just 2% https://dollarcollapse.com/money-bub...an-junk-bonds/

California GOV Jerry Brown told the FEDs to get stuffed. Ca. was going to be a sanctuary city and NO wall. Now, he is asking the FEDs for $7.4 billion, California asks US for $7.4 billion for wildfire rebuilding - LA Times

"The US labor force is rapidly shrinking. Wage growth is non-existent. The vast majority of the American people have no savings and little hope for economic improvement. But none of that matters with the G-3 central banks in charge!"
"The unemployment rate that Drudge blares on behalf of Trump is only at its "lowest since 2000" because October saw an astonishing 968,000 people leave the labor force."
"This leaves the total number of people NOT in the labor force at a record 95,385,000. Then, as ZH notes, "this took place as the number of employed Americans declined by 484,000, however since the unemployment rate denominator dropped more, it translated into an actual decline in the unemployment rate!"
Payroll growth, https://www.tfmetalsreport.com/sites...er_msblsbs.jpg

http://news.goldseek.com/GoldSeek/1509726123.php

"Brett Ryan, an economist at Deutsche Bank told The New York Times on Friday that "With jobless claims at 45-year lows, there's really not a lot left on the sidelines. We're at full employment"
"over the past 17 years, the population not in the labor force swelled by 25 million."

https://www.investors.com/politics/editorials/no-were-not-at-full-employment-yet/

"Fewer than 22% of tax filers even claim the state and local tax deduction, and the vast majority of these are higher-income families. While 78% of those with incomes above $200,000"

https://www.investors.com/politics/editorials/democrats-attack-gop-plan-to-eliminate-state-and-local-tax-deductions-in-tax-cut-plan/

So, the tax plan benefits those who make over $200k. This article refers to them as "high income"
The Republican house members claim that $ 450k is middle class, http://www.newsweek.com/tax-cuts-rep...s-trump-701094
The rape and pillage of the economy by the bankers has left a bad taste in the mouths of the millennials. They seem to believe that capitalism is the culprit. They have a grand idea for a new system.

http://www.foxnews.com/us/2017/11/03/millennials-think-socialism-would-create-great-safe-space-study-finds.html

[Danny B]

The Bitcoin steamroller

It seems like I spend a lot of time on BTC but, it is taking the world by storm.
"If bitcoin can be converted into fiat currencies at a lower transaction cost than the fiat-to-fiat conversions made by banks and credit card companies, it's a superior means of exchange."
"The confusion here is the same one that plagues the conventional understanding of the foreign exchange markets: people confuse exchange and convertibility, which are both flows, i.e. transactions."

"As long as the cost of converting one form of "money" into another form of "money" is fast and low-cost (i.e. nearly frictionless), then it no longer matters whether the "money" in question can be used directly in an exchange or not."
" This convertibility is certainly fast in the credit card realm, but it's not frictionless; rather, it's costly, as a hefty fee is skimmed for every transaction paid in one currency and converted to the cardholder's domestic currency.
If bitcoin can be converted into fiat currencies at a lower transaction cost than the fiat-to-fiat conversions made by banks and credit card companies, it's a superior means of exchange."
oftwominds-Charles Hugh Smith: Let's Clear Up One Confusion About Bitcoin

Now, to the comments.
"But Bitcoin isn't suitable to be treated as a currency. It is too volatile. Right now the volatility is up so the Bitcoiners are happy. But even if it doesn't find it's intrinsic value of zero at some point the volitionality will go in both directions. When that starts to happen it will be useless as a currency. The volatility with regard to the Dollar and other currencies will be it's downfall as a means of transaction facilitation."
"The volatility is high because the velocity of BitCoin (as a currency) is very low compared to the volume of speculative transactions."
"I like Bitcoin because it is making more people think about the reality of money."

"What's the interest rate one can earn on those crypto fake-coins anyway"
"You don't earn interest as there's no counter party risk. There's nothing to compensate for - just like physical cash or gold."
"Volatility is a symptom of adoption and divestment. The volatility is "up" because bitcoin is being adopted."
"You underestimate the power of the government and money and control of the banksters. Nothing to stop them from creating their own crypto's, calling them "legal tender" and calling yours counterfeit."
"The people don't like it. They just haven't had a workable alternative until now.
"PMs are not a REAL alternative. Resorting to trading in gold dust you wind up with a nightmare like in Zimbabwe. You can trade cryptos and maintain a modern economy. This is why they will be adopted."

"You don't understand. Government CC are non sense. What they will do is digital currencies that are just a digital token on some government controlled ledger, those will function as electronic cash - different from regular Digital currency which is debt issued by private banks. Now, those electronic tokens will be freely tradable on exchanges over the world - similar to Bitcoin. What it means - it will just make it a lot easier to swap bitcoin for those digital currencies. The authorities will allow easier access to the markets while still maintaining some kind of control. But, this is mostly a huge win for Bitcoin. Basically the governments realized they can't win and look for a way to join in."
"That is not the premise of Bitcoin's value. That is the most bullish case, implying a 2500x run from here. The more reasonable bull case has it acting as reserves, like gold, and thus achieving a 60x run from here. From there, other coins more suitable for trade can take over for day to day transactions, or some new tech that can be applied to Bitcoin will come along and dramatically decrease the transaction cost and speed."

"Bitcoin isn't the blockchain. There are a lot of currencies that make transactions a lot better and faster than Bitcoin. Litecoin and Ripple of instance and Ripple is the least expensive (in terms of transactions costs) and definitely the fastest. It's also very stable. Irritating for investors looking for a return but great for financial organisations looking for a predictable, reliable, fast currency. "
"Really? Check your facts 90 banks are using Ripple blockchain network to settle intl transfers. Japanese banks are even using it for domestic transfers as well because it's faster and cheaper. The IMF is looking into adoption to eliminate SWIFT."

https://www.reddit.com/r/Ripple/comments/7a6vnr/ripple_held_a_central_bank_summit_with_the_imf/

"Ripple is the least expensive (in terms of transactions costs) and definitely the fastest. It's also very stable. Irritating for investors looking for a return but great for financial organisations looking for a predictable, reliable, fast currency. "
Let's Clear Up One Confusion About Bitcoin | Zero Hedge

[Danny B]

Growth in debt but, NOTHING else

Stockman, "none of the talking heads on bubblevision even mentioned the staggering loss of 484,000 jobs during the month because they ignore the household survey's job count entirely in favor of the establishment survey number (up 261,000)-"
"In that context, one of the most striking numbers in today's report is that 53.0 million prime age men 25 to 54 years old were employed in October, 2017. As is evident in the chart below, that is down by 1.5 million jobholders since the pre-crisis peak in May 2007 and virtually identical to the number in January 2001.

Stated differently, there has been no gain in employed prime age male workers during the entirety of this century!"
"At the same time, the number of social security recipients at the turn of the century was 45 million and is currently 61 million. But due to the inexorability of baby boom demographics and entitlement laws passed years and decades ago, that number will rise to 83 million by 2027"
"The CBO baseline projects outlays of $24 trillion over the next decade for social security, Medicare and SSI (supplemental security income---mainly for the poor elderly). These expenditures are overwhelmingly driven by the baby boom retirement bow wave, and actually constitute 50% of the $48 trillion baseline for total Federal spending (ex-interest) during the 10-year period."
"Worse still, if you add in veterans benefits and Medicaid----both of which are being driven rapidly higher by the aging-out of the eligible populations----the total cost is nearly $31 trillion over the coming decade or 65% of total Federal spending ex-interest."
"the bill introduced yesterday is the biggest con job in years, and that the House GOP will struggle to avoid a complete implosion"
The Dems imploded,,,why not the GOP?

"the baseline individual income tax revenue over the next decade would be $20.9 trillion----meaning that the GOP's ballyhooed tax bill will raise taxes by $386 billion or 2% on everyone else. "
The article goes on to point out that the only reductions will benefit the very richest. The rich just can't help themselves. They look out for each other.
Contra Corner » Funny Facts Friday

"11) The era of cheap energy is over. If the economy tries to recover, oil prices rise so high that it kills the economy/consumers. If we can't afford high oil prices, then we cannot have growth. (because growth causes unaffordably high oil prices!) And the price at which oil is affordable, ie., $30 to $40 per barrel, kills the oil producers and oil producing countries (and kills oil export country government revenues). The cost of extraction of a "marginal" barrel of oil is much higher now. So, energy production will continue to drop and all the oil and commodity producing countries will remain in recession or depression. What's needed to "save" us is $10 oil for an extended period or a miracle in cheap energy technology."
Gulf Coast Commentary: We're Reaching the End of the RoadEric Peters: "The Next Market Cleanse Will Be Sharp, Deep, Fast And Feel Like The End Of The World" | Zero Hedge

https://www.youtube.com/watch?v=RYIEwvLg1U4&t=319s

[Danny B]

https://www.hussmanfunds.com/comment/mmc171106/

So much for the stock market. What about the bond market? Dunno.

The EU rules allow a State to have a limited amount of debt,,, a fixed amount.
And WE point fingers at Italy and France.
The Chinese credit bullet train just hit a putrid brontosaurus.
Apparently, he reads Armstrong.
We'll see.
Not crypto?



"They" cast out a VERY wide net to find dirt on Trump. Funny just how much dirt they are finding.

These rats will do ANYTHING to keep us entertained.

Crypto news;

Bet they wish they had crypto and a get-away car.

[Danny B]

Dirt from Fulford

The 2 items about the Queen having dirty investments AND the Saudi royals getting killed prompted me to look up Benjamin Fulford. I was not disappointed. Here is his take on things.
"There can be no doubt whatsoever that the worldwide purge of the Khazarian mafia now has reached a tipping point of no return, with arrests and purges in the U.S. and Saudi Arabia.

In the Middle East, Iran-linked Hezbollah now effectively rules Lebanon after Saudi puppet Prime Minister Saad Hariri was forced to resign. His resignation was followed by the purge of hundreds of princes, generals, religious leaders, and others by de facto Saudi King Muhammad bin Salman."
"This purge was especially important because it cut off one of the last major remaining sources of Bush/Clinton mafia money and power. Many of the princes purged were homosexually bonded with members of the Bush family and their top lieutenants when they studied in the United States, according to confessions of Kay Griggs, wife of a Skull and Bones Society member, and others. Linked vid.

https://www.theguardian.com/news/2017/nov/05/paradise-papers-leak-reveals-secrets-of-world-elites-hidden-wealth?CMP=Share_AndroidApp_New_Post

Benjamin Fulford -- November 6th 2017: Purge of Khazarian mobsters intensifies as Trump is kept safe in Asia | Stillness in the Storm