Economic pressures

[Danny B]

https://www.zerohedge.com/news/2019-09-07/david-stockman-unprecedented-collapse-global-financial-system

https://economicprism.com/suffering-the-profanity-of-plentiful-cheap-money/

https://wolfstreet.com/2019/09/06/service-revenue-growth-finance-insurance-the-biggest-grows-fastest/

No surprise that the velocity of money is falling. No surprise that the lower loop is constantly deflating.

The problems with the 737 are killing Boeing. NOW,
Scandal-plagued Boeing Suspends Test Of Long-range 777x After 'issue' During Final Load Checks
US Sent 30,000 Truckloads Of Arms To N. Syria - Erdogan And the masters of war are quite happy.

Welsh Independence Supporters March 'All Under One Banner
Scottish Independence Supporters March 'All Under One Banner'
I see no mention of Ireland. What happened to the Provo company?

https://www.youtube.com/watch?v=P8wgrZ6t5BA

https://headlinehealth.com/african-s...pigs-in-china/
Maersk is reducing shipping capacity from China to Europe.

https://www.zerohedge.com/news/2019-09-05/its-happening-again-maersk-halts-asia-europe-loop-amid-global-slowdown

They are ALL gold diggers.

https://www.zerohedge.com/news/2019-09-06/researchers-blame-marriage-rate-decline-lack-economically-attractive-men

The thread has almost 1100 comments,,, very informative.


Did you hear that the same thing happened to gold?? NO,,, neither did I.

I'm hoping that somebody, somewhere starts to squeal on the real attackers.

That's great. If Judaism can rid itself of the great leech of zionism, the world will be a better place for everybody.

Without an explicit government backing they go bankrupt in a matter of hours.


This is a very big deal.

ONLY if the money is injected into the upper loop.

Try UBI
Workers in Wisconsin lead the way.

https://www.blacklistednews.com/article/74553/mark-of-the-beast-workers-in-wisconsin-wear-i-got-chipped-tshirts-celebrating-new.html

[Danny B]

Ah yes, income increases.That GDP growth is all bogus because it counts money printing as GDP growth
As a result, eurozone governments are in a very comfortable position. Provided they run a primary budget balance of revenue and non-interest expenditure, their debt burden will slowly decline, relative to GDP.
Ah yes but, their revenue is falling.
Households are also favorably placed: their incomes are growing by about 3%, while mortgage rates are heading toward zero. They can therefore just wait for their debt-service capacity to improve over time.
There is no income growth and unemployment runs as high as 35%They would NEVER dream of lowering stock dividends.
Yet the downward stickiness of wages is unlikely to become a concern anytime soon. Nominal wages are currently increasing by around 2.5% per year in the eurozone (and by over 3% in the US). These rates are among the highest this decade, which has been a period of strong employment growth overall.
These people must have done a lot of drugs.
no noticeable problems,,,, so, just get rid of the children and mothers.

The need for occasional reductions in nominal wages seems remote in Europe and the US, and does not seem to cause trouble in Japan.
These wage reductions are a continual occurrence caused by currency inflation resulting in purchasing power reduction.
Given all this, it is hard to understand why the ECB in particular should be so anxious to find new ways to make its stance even more expansionary. Yes, economic activity has weakened over recent quarters, and survey-based indicators suggest that the global economy is poised for a slowdown. But as former US Secretary of the Treasury Lawrence H. Summers and Anna Stansbury have convincingly argued, by itself, further monetary-policy easing will do little to stimulate demand and drive inflation.
As long as it is all pumped into the upper loop, this is true

https://www.project-syndicate.org/commentary/ecb-deflation-obsession-by-daniel-gros-2019-09

An attempt to pump money into the lower loop will bring disaster,,,, so it is claimed.

https://www.zerohedge.com/news/2019-09-08/universal-basic-income-automation-plutocracy-dystopia

[Danny B]

QE MAX from the ECB,,, Illinois, Ford, GM,, GE

There is a wonderful new method of energy storage that uses CO2 as a primary material.
"So far, the process has been shown to convert about 42 percent of the electricity from a power source into a chemical form that can be used in fuel cells."

https://www.sciencealert.com/engineers-build-a-new-kind-of-device-that-effectively-transforms-co2-into-liquid-fuel

42%, marvellous.

Margaret Thatcher managed to keep GB out of the monetary union. This should make Brexit easier. Not surprisingly, the House of lords has sided with the City of London bankers in trying to block Brexit. BOJO is no slouch and, things are going to get bloody.



What a surprise?? The 10th cranial nerve (Vagus nerve) carries nutrients & poison alike from the gut and, past the blood-brain barrier.

All the wankers in politics are tired of being ridiculed.
"A man wearing an "I'm with stupid" T-shirt has been charged with public nuisance during campaigning for the Queensland state election. Judi Jabour witnessed the incident and tweeted that she saw at least 10 police, one paddy wagon and two vehicles turn up at Brunswick Street to arrest Fogerty.
Fogerty was seen standing next to people campaigning for Robert Cavallucci, the state member for Brisbane central and Assistant Minister for Multicultural Affairs, "


Marvellous, how many people do you know that can safely drive a car with 750 hp?


Italy circumvented the budget rules by telling the ECB to "get stuffed"
France got around the the national debt rules by just ignoring them.

He's just trying to survive to the end of his term. LaGarde is trying to pave the way for her term.
The printing presses will be humming. Existing capital will flee. The more that the ECB prints, the more that GB and U.S. will attract capital. It won't go to the sovereign bond market because of Armstrong's warnings. The corporate bond market is exceedingly ugly too. Regardless of stock markets being in the nosebleed zone, they may still go higher.


Time to call up Russia for oil.


China, like Germany was on a silver standard for a long time. Germany went off the silver standard when The Comstock Lode was found in Nevada.


India banks stressed debt ratio may exceed 12% of the total ,,, A prolonged shadow-banking crisis
Ah yes, the shadow banking system.

Trump is trying to pull America back from the road to revolution.

ZH

[Danny B]

reducing drug availability,,,a bit closer every day to the default cascade

The Trump effect;
Purdue Pharma Expected To File Bankruptcy Amid Settlement Negotiations 'Hitting An Impasse'
Oxycontin Owners Refuse To Risk Their Personal Wealth
"the family had balked at a demand from state attorneys general that they pay roughly $4.5 billion out of their personal wealth. State and local governments have filed more than 2,000 lawsuits claiming Purdue Pharma played a central role marketing opioid medications, including Oxycontin, while downplaying the risks.
Marketing? They bribed doctors to prescribe cowboy cocaine for EVERYTHING.
"federal opioid trial involving Purdue Pharma and more than 20 other drugmakers, distributors and pharmacy chains is set to begin next month in Cleveland."

https://www.npr.org/2019/09/09/758927743/sacklers-reject-demand-they-surrender-personal-wealth-to-settle-opioid-claims

https://www.armstrongeconomics.com/world-news/corruption/eu-parliament-how-they-protect-the-bankers/

Society General has very good analysts. This is what they have to say about the bond market.

https://www.zerohedge.com/news/2019-09-08/judging-bond-markets-economic-armageddon-just-around-corner

Another article from Zero Hedge points out that the human element is the weak link.

https://www.zerohedge.com/news/2019-09-07/120-million-workers-need-be-reskilled-due-ai-says-ibm-study

BUT, the "human element" is ALL there is.
This doomsday clock tells you when Japan's sex problem will cause the country to go extinct

https://www.armstrongeconomics.com/armstrongeconomics101/ai-computers/can-ai-think/

Probably orchestrated by Goldman Sachs.

The PPT and CBs pumped in about $250 trillion of new debt. This is rapidly evaporating. The CBs, especially the ECB are getting ready to pump in X amount more to hold off deflation. It is doubtful that they can actually force-feed this debt into any new niches. Inflation is defined as an increase in the money supply. How does this work out when you are inflating a negative? Stay tuned to find out.


Gold isn't a currency. It is a store of value.

Stay tuned to see how this works out.

Ah yes, the family will be collateral damage in the war to save the banks.

http://howtosavetheworld.ca/2019/09/08/why-economic-collapse-will-precede-climate-collapse/

It's a pretty negative article but, has a lot of information. It leans heavily on CO2 and global warming. Global warming and increased CO2 would be good for plants. Unfortunately, we're moving into a cooling trend. Far worse that warming OR cooling is the obvious AND increasing climate volatility. The crop destruction will get much worse as we move into solar cycle 25.

[Danny B]

Rethinking globalism and capitalism

Globalization Is the Only Answer - World Bank Group It works for the banks.
The Threat of Globalization - Global Policy Forum
Globalisation: the rise and fall of an idea that swept the world The Guardian
Globalization benefited just 6 countries.
Globalization was one of those ideas that sounded good on paper. It is just too exclusionary. It left too many people out.
Don't Reverse Globalization. Refine It. - The Globalist https://www.theglobalist.com
Trump and the reversal of globalization - Daily Sabah
Globalization a trend that cannot be reversed - Opinion ...www.chinadaily It worked for China up until the point that it starved it's customers..

Why they're wrong - Anti-globalists - The Economist Yes, the mouthpiece of the self-appointed elites.
That Noise You Hear Is the Sound of Globalization Going Into reverse https://www.wsj. Ah, Wall Street Journal
Globalisation is changing, not going into reverse | Financial Times Another elite mouthpiece.
Globalism is too exclusionary.

What about capitalism? Here is an article about capitalism in crisis.

https://www.cnbc.com/2019/09/04/capitalism-is-in-a-moment-of-crisis-and-business-leaders-know-it.html?recirc=taboolainternal

https://www.cnbc.com/2019/09/09/real-us-debt-levels-could-be-a-shocking-2000percent-of-gdp-report-suggests.html

https://www.dollarcollapse.com/global-debt-bubble-blow-off/

Is EVERYBODY expecting a bailout in the collapse?

Really?? I hadn't noticed.

That is the best news in ages.
The Trump effect.



This is SO stupid. Read Eagle Research. The water can be reduced to HHO gas and burned. According to George, vaporization with burning HHO gas removes radioactivity. I haven't tested this my self. HHO gas is SO strange, I wouldn't be surprised if the claim was true.

Fascinating article about the impact that created the K/T boundary.

https://www.nationalgeographic.com/science/2019/09/last-day-dinosaurs-reign-captured-stunning-detail/

[Danny B]

Spreading the message of UBI

Once again, yesterday's post got zapped.
Why Momentum Stocks Are Getting "Slaughtered" | Zero Hedge
Charles Huge Smith writes about bubble dynamics. Good article.
Here is one graph, https://www.oftwominds.com/photos201...bubble4-19.png
Keep in mind that the stock market is distorted by foreign capital inflows.
oftwominds-Charles Hugh Smith: The Inevitable Bursting of Our Bubble Economy

Armstrong, Can governments prevent a major debt crisis?
"ANSWER: In building the model, I assembled data on everything I could find and then put it all together to see how and what made the world tick. I investigated tax rates to see how civilizations operated. I investigated what types of governments worked best and what always collapsed into oligarchies, then tyrannical entities, before collapsing into dust."

"The Romans generally had a 7% tax. They also had welfare. The difference was that they had NO central bank and NO national debt.
The problem we face is that it would have been far less inflationary to print the money than borrow it.

The Central banks claim that it is less inflationary to BORROW money rather than printing it.
Monetarism: Printing Money To Curb Inflation - Investopedia
Why Not Just Print More Money? | The New Yorker
Why Can't the Government Just Print More Money to Get Out of debt?

Armstrong, "We have a debt crisis that cannot be paid and the accumulative interest expenditures rose to reach at times even 70% of the national debt. Now that they have discovered NEGATIVE interest rates, they think they discovered a new way to tax people indirectly. They think we are too stupid to realize this is even a tax.

But fear not. We are heading into a Monetary Crisis of untold proportions. If the governments do not listen, they will create the biggest civil unrest in all of history."
One way or another, Trump must wrest control of money origination AWAY from the CBs. The bankers are juct one big club. All origination starts at the CB and passes through the banks FIRST. UBI would channel the money to the consumer instead of the speculator..

"This is the collapse of socialism, for they have promised everything, funded nothing, and cannot keep raising taxes without causing the economy to collapse. This will undermine their entire tax system.

There are ways to deal with this crisis if we have the courage to first admit that we have a crisis. That is step one."

https://www.armstrongeconomics.com/world-news/taxes/can-government-prevent-a-major-debt-crisis/

The CBs have distorted everything. MUCH of this has been done at the behest of government.

https://confoundedinterest.net/2019/09/11/what-i-like-about-central-banks-not-global-central-banks-pushing-interest-rates-lower-towards-negative-territory/

What is needed is; a very large number of people must be made aware of the CB ripoff AND, the necessity of UBI.

[Danny B]

war as a "cure" for economic doldrums

Here is an interesting graph of currency debasement.

https://2oqz471sa19h3vbwa53m33yj-wpengine.netdna-ssl.com/wp-content/uploads/2019/09/silver-series-gold-silver-cycle.jpg

Side note.
Mike King, "But the one thing this dirty gang could never have accomplished by themselves was to trigger the actual war. As even the most geographically illiterate Boobus Americanus or Boobus Europithicus should know, neither the US, nor the USSR, and nor the UK shared a common border from which to make mayhem against Hitler's Germany.

France does share a border with Germany, but when Hitler permanently renounced any claims to the disputed Alsace-Lorraine region in 1935, a possible flash-point between the two rivals was diffused forever. "
"In November of 1938, the U.S. mid-term Congressional elections dealt a crushing blow to Franklin Delano Roosevelt's Democrat Party. With America still reeling from the decade-long Great Depression, absent some foreign "crisis", it appeared that the failed two-term President would not be able to seek a third term (He ultimately held office until his death in 1945). It should be noted that at this hard time in American history, prosperous Germany was enjoying full employment, a strong currency, the Autobahn, the Volkswagen, and a happy reconciliation between labor and the entrepreneurial class"

"and so, by 1939, the New World Order crime syndicate and the British & French chauvinists had nearly run out of all options and all propaganda pretexts for instigating another war against peaceful and prosperous Germany, as they had done in 1914. The last hopes for starting the war to re-enslave Germany rested on the shoulders of one man, and one man only. His name was Edward Rydz-Smigly -- the criminal fool who started World War II. As is to be expected, his name is virtually unknown outside of Poland. It's high-time this dirty, rotten, ego-maniacal scoundrel gets the posthumous "credit" he so richly deserves. "

"In 1939, supported from "behind the scenes" by elements in the UK, France, and the US (yes, Roosevelt was deeply involved!), Smigly was encouraged to ignore Hitler's sincere and generous proposals for resolving the bizarre and hated partition of Prussia that had caused tension ever since the end of World War I. At one point, Hitler had even agreed to give up claims to western Prussia in exchange for the return of Danzig and a 1-mile wide highway - railway passage linking Germany to eastern Prussia.

Believing that the western powers were truly behind him, the cowardly Smigly 'stood down' and allowed predominantly Jewish-Bolshevik terror gangs to attack innocent Germans; both within "Prussian Poland" and inside of German border towns as well. These gangs of Red "partisans", as well as other Polish ultra-nationalists, had been salivating at the prospect of triggering a Western "holy war" against Germany ever since 1933."
"By August of 1939, Germany had exhausted all efforts to reason with Smigly's gang. Earlier that year, the British and French had even urged Smigly to allow the Soviet Army to march westward, in the event that war should break out with Germany."
"On September 1, 1939, after all German attempts to reason with Poland, France and Britain had failed, and after the Polish military, at the urging of Britain, went on full mobilization, the Germans invaded Poland and liberated Danzig. On September 7, along with most of the government, Smigly ran from Warsaw as it came under attack. The immediate counter-attack promised by Poland's French and British "allies" never materialized.

Unbeknownst to the blinded idiot Smigly, the Allies had no such plans and fully expected not only the fall of Poland, but the entry of Stalin's hordes. The Allies only interest was to have an excuse to declare war upon Germany, and then wait for Stalin to attack Germany from the east, necessarily having to pass through Poland. Stalin was indeed ready to pounce on a distracted Poland, but his move against Germany was to be on his time-table"
EDWARD SMIGLY RYDZ: THE MAN WHO STARTED WORLD WAR II
The long and the short of all this was Anglo-american-french wars as a panacea for a failed economy.
The result of all this;
Did you know ...

... that just 3 days before the start of the history-altering genocidal tragedy that was World War II, Adolf Hitler pleaded for peace with Britain and France. His sincere overtures were ignored as the Allies, under the phony pretext of "protecting" their aggressive and militaristic Polish ally, declared war first!
HITLER'S SINCERE PEACE LETTER TO FRENCH PRESIDENT

Armstrong again, "This time, the debt crisis is systemic. The currencies are showing divergences as they did pre-World War I. But we have a socialist crisis whereas Western economies are collapsing unable to fund all the promises, as was the case with Communism in 1989-1991 in China and Russia. The central banks only keep governments on life-support and there is no direct stimulation of the economy. Every lesson from the past has been forgotten. We have put all the eggs in one basket (government) and we have politics in meltdown as republics are collapsing and the left v right is becoming much more intense which will, as always and without exception, lead to violence, civil unrest, separatist movements rising, and could result in revolutions which increases the risk of international war as politicians need a distraction from their failed domestic agenda.

It is just now our turn to rock & roll."

https://www.armstrongeconomics.com/armstrongeconomics101/economics/is-it-our-time-to-rock-roll/

Assuming the economy collapses, can Trump hold back the war dogs?

[Danny B]

ECB, screwed either way.,, NIRP, the destroyer,,, Stockman

Once again, my post got zapped. This time, my fault. I have to do the short version.
The Pentagon warns of a complete breakdown of society as mega-cities rise. Just like Robocop andEscape From New York

https://theintercept.com/2016/10/13/pentagon-video-warns-of-unavoidable-dystopian-future-for-worlds-biggest-cities/

That is the projection for 2030. Here is what is happening right now.

https://www.presstv.com/Detail/2019/09/12/605995/Argentina-protest-food-crisis

Disasters causing billions in agricultural losses, with drought leading the way
The Midwest's Farms Face an Intense, Crop-Killing Future
Drought and Extreme Heat Are Killing the World's Crops | Time
Hurricanes, floods, drought and wildfires, 2017 the year of crop losses
Hunger looms as floods destroy crops, sweep away animals in East Africa
Devastating Impacts of Climate Change Threatening Farming
How Climate Change Will Alter Our Food - State of the Planet
Crop Failure A Growing Reality - Earth Changes and the Pole flip
Crop failure and food shortages grand solar minimum and pole flip
Cold and Wet Weather to blame for the Slowest Maize-Planting Season on Record

The emerging solar cycle 25 will be very weak but, our magnetosphere is even weaker. The sunspots may be fewer but, the flares and coronal holes will still affect us. Along with this, we will get a lot more cosmic rays that will bring rain and cloud cover.
You can monitor food production at Crop loss.com, Adapt 2030 and Ice Age farmer
Here are the countries that are most at risk. Keep in mind that crop failures may completely change the list as exporters become importers.

https://www.businessinsider.com/nomura-food-crisis-2010-9#24-vietnam-2

Apparently, you will go to walmart to get your food.

https://www.zerohedge.com/health/walmart-working-govt-distribute-everything-when-shtf

Not until the bombs drop on Tehran.


It's not the doctors getting rich.


The printing presses can never slow down or,,, the bond market flames out.

https://katusaresearch.com/financially-transmitted-diseases/

BUT, the CBs have to constantly increase the supply of bonds.

https://internationalman.com/articles/david-stockman-on-the-coming-financial-panic-and-the-2020-election/

[Danny B]

ECB sinking beneath the waves

Americans can't very well take a big rise in the price of energy.

https://www.rbth.com/business/330970-state-debt

https://www.zerohedge.com/economics/count-draghila-furious-germany-reacts-draghis-monetary-horror

The ECB can print up lots of liquidity but, there is another problem.


Remember that Draghi is an ITALIAN and a Gold Man Sachs alumni. That makes him doubly irresponsible.

"And while the Treasury has taken its time in rebuilding the cash over the past month, with the latest Treasury cash balance just $184BN as of Sept 11, it only means the ramp up in the coming weeks will be that much more acute. So acute in fact, that as BofA rates strategist Mark Cabana writes today, "the USD funding storm has been brewing for months and is likely to make landfall in Q4."
"Why does this matter? Since the Fed does not know the minimum quantity of reserves needed in the banking system and it desires to hold "no more securities than necessary" for the efficient implementation of monetary policy, BofA believes that the Fed will likely want to test how low reserves can fall before intervening in funding markets. "This runs the risk of a temporary overshoot on the extent of money market tightness as the Fed plumbs how low reserves can fall before it ultimately needs to start growing its balance sheet."
A game of "chicken" with Trump

https://www.zerohedge.com/markets/dollar-funding-storm-set-make-landfall-weeks-what-happens-next

Interesting article on fiat currencies.

https://www.numismaticnews.net/article/the-short-life-of-the-average-fiat-paper-currency

Don't ask, don't tell.

Why isn't Cheney's head on a pike somewhere?

Why isn't HIS head on a platter somewhere?

https://www.zerohedge.com/crypto/looking-these-markets-its-if-we-have-all-been-drinking-pan-galactic-gargle-blasters

[Danny B]

Challenging the dollar,,,, deflecting blame ahead of time

Oil To Hit $100? Pompeo Blames Iran For "Unprecedented" Drone Attack That Crippled Largest Saudi Oil Processing Facility

Saudi Aramco describes the Buqyaq facility as "the largest crude oil stabilization plant in the world."
6% of world oil production capacity is off-line.
We're Ready For "Full-Fledged" War: Iran Responds To US Accusation It Launched Saudi Oil Attack

IRGC commander announces American bases and ships "within range" of its missiles.


YES, bring them ALL down.
Only In Illinois: Wife Of Indicted Political Boss Will Hold Highest Judicial Post In State

Retail Carnage Continues: Forever 21 Bankruptcy Expected By Sunday
"The headwinds for retail are gaining hurricane force."
"National Emergency" - US Business Formation Goes Negative

This is just more bad news for the "greatest economy ever."

Israeli Attacks On Syria Halted After Russia Threatened To Shoot Down Jets
Russia threatened to shoot down any invading Israeli warplanes using fighter jets or their S-400 system.
This is great news. It indicates that Netanayahooo is on his way out. His enemies are Xi, Putin and Trump,,, not to mention most of Europe and the East.

IMF Estimates $15 Trillion Of World's Foreign Direct Investments Are "Phantom Capital"
This total makes up 40% of the world's foreign direct investments, and is the equivalent to the combined GDP of China and Germany...
Any hiccup in the system will turn all of it into vapor.

Europe's Dream: Escaping the Dictatorship of the Dollar ...
https://foreignpolicy
Why the Euro Won't Replace the Dollar - Barron's
https://www.barrons.
EU brings industry together to tackle dollar dominance in trade settlement.
The Rise of the Dollar and Fall of the Euro as International currency
Macron Says the Euro Is Not Yet an Alternative to U.S. Dollar ...

https://www.bloomberg

The Euro At 20: A Victim Of Economic Malpractice - Forbes

In 1989, Armstrong told the Eurocrats that a currency union with out a debt union had ALWAYS failed. They said that they were going to go ahead anyway and, "wing it"

Here is a Spanish language vid from Armstrong, In the prologue (English) , Armstrong talks about his history and, what is coming. He focuses on the fact that the bad design of the Euro will take down Europe.

https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/the-coming-economic-crisis-in-spanish/

The BRICs.

Not to be left out;
Could the Renminbi Challenge the Dollar? - Carnegie
MINTs (Mexico, Indonesia, Nigeria, Turkey) - Investopedia
https://www.investopedia.com


Everybody wants to challenge the domination of the U.S. dollar. The Euro could have been an alternative but, Germany could not be talked into a debt union. For good reason. Germans are hard workers,,, southern Europe,,,, much less. Germany didn't want to be hitched up to pull the socialist cart for France.
The BRICs infrastructure bank, along with the Belt & Road initiative could have worked but, Asian cohesiveness was all talk. Chinese dams have cut way back on the water supply for 2 billion people on; the Indus, Ganges, Baramputra and, Mekong.
Then, there are all the problems around the South China Sea.
China is in recession and, going down fast. World trade has crashed and the Chinese are closing down their shipyards.

Armstrong blames the crash of the Euro on socialism. To a certain extent, that is true. The French government spends 57% of the GDP.
Armstrong; "There is a sense of more concern beginning to emerge for the elites are at last starting to notice that this may have gone way too far and it is unfolding as a war against capitalism. Unfortunately, they may have simply overslept way too long. Donating to politicians is not going to save the day."

"While my discussions have been with people who attend these elite conferences that others often associate with conspiracy theories of dominating the world, I can attest that they are no more in charge of the world economy than anyone reading this blog. The Club may have a get-out-of-jail-free card and never are prosecuted, but they ALWAYS lose on their manipulations and run to governments for bailouts. Even there they may have overstayed their welcome when the next one comes crashing down. So much for being in control!'
I can attest that they are no more in charge of the world economy
THAT is a big, steaming load of BS. They set the interest rates,,, the price of money and energy. Everything else follows. THEY are responsible for currency debasement
to finance wars. They are responsible for price inflation that robs us of our purchasing power. They are responsible for supercharging the budgets of the war industries.
they ALWAYS lose on their manipulations and run to governments for bailouts"We are headed into a period that NO PERSON can forecast from an opinion perspective for this is not something anyone has seen in their lifetime and you really have to go past the Great Depression before you can catch a glimpse of what we face."

https://www.armstrongeconomics.com/world-news/climate/will-the-elite-wake-up-in-time-confront-the-left-climate-fear-campaigns/

[Danny B]

OIL?,,,, GM,,,big pharma

Oil Explodes 20% Higher, Biggest Jump On Record
Satellite Images Reveal It Would Take "Months" To Fix Saudi Oil Facility
"US officials "certain" the attack actually originated from Iraq"
Well, shoot,,, bomb Iraq.
Goldman Goes "Lehman Weekend" On Oil: Expects Chaos When Trading Reopens
Our Energy And Debt Predicament In 2019
Many people are concerned that we have an oil problem. Or they are concerned about recession and the need to lower interest rates... As I see the situation, we have a problem of a networked economy that is not functioning well.
The Top 30 IPOs Of 2019 Will Burn A Total Of $12.5 Billion Between Them
IPOs completed during 2019 are projected to be the least profitable IPOs of any year since the Tech boom.

Yuan Extends Losses After China Macro Data Disappoints
China Inc. is shutting down all over the country.
Trump Preparing To Hit EU With Billions In Tariffs: Report
That decision follows another WTO decision which found that Airbus had benefited from illegal state subsidies.
Not happy with just pushing China off a cliff, Trump has picked Europe to be the next victim.
"Liquidity Dies In Darkness": Trillions In Assets Have No Financial Disclosure To Support Them
That is the "vapor" that I mentioned previously.
"We Can Do This For 100 Years": Taliban Threaten More Violence After Trump Kills Peace Talks


Former CIA Spook: "Clear To Me That Spying On Trump Was Ordered By Obama"
"It is clear to me that spying on Trump was ordered by Obama. It had to be, no doubt about it. He gets a Presidential brief on what the FBI, CIA, NSA are doing every single day. "
Maybe he missed a day.

They can NEVER beat a robo-trader which can sell a billion shares between 2 heartbeats.

It's Official: GM Files For Bankruptcy - BankInfoSecurity
https://www.bankinfosecurity.com

Big pharma says that the judge in their case is biased because he mentioned the thousands of deaths related to opioids.

https://www.reuters.com/article/us-usa-opioids-litigation/companies-ask-judge-in-u-s-opioid-trial-to-recuse-himself-idUSKBN1VZ0N1

They want him to recuse himself.
The tag team of Trump & Johnson, https://www.zerohedge.com/political/...-establishment

Lastly, There's Nothing Natural About Socialism

https://www.zerohedge.com/political/theres-nothing-natural-about-socialism

This is completely untrue. There is nothing natural about a State.
A family and clan is a natural genetic group. They support each other because they want to. In a State, we support each other because we are forced to. The State tries to take the natural umbrella of clan protection & support and stretch it out over people who are NOT of our genetic group. THAT is what is not natural.
The Kalergi plan is an old plan to saturate Europe (and america) with non-genetic immigrants to break genetic cohesiveness. They seem to ignore the fact that it will also break cooperation.

The Automatic Earth writes about the new world order with Bibi Netahayahoo as king.

https://www.zerohedge.com/geopolitical/its-new-world-order-alright

[Danny B]

https://smallcaps.com.au/jim-rickards-world-unprepared-next-financial-crisis-future-gold/

He is interesting but, spoken like a true goldbug.
Here is the vid, https://www.youtube.com/watch?v=Ok73IoKxCss

Nassim Taleb coined the term, "black swan". Something that happens that never happened before. There are several candidates.

Small actors can have huge effects. The tools from the NSA got out into the wild after they were hacked. There will never be a world free of hackers.

The day after the 9/11 attack, I called up the FBI and warned them that a likely target for terrorists would be; take a big model airplane with a small charge of C-5 and, fly it into the side of a CNG or LNG tankship. There was one such explosion . It took out hundreds of square miles (shock and flame). The FBI guy agreed that it was a possible scenario.

Charles Huge Smith writes that the modern drone planes are a "black swan". Nobody anticipated how effective they would be. The attack on the Saudi refinery showed that drone attacks are like malware attacks. They don't cost much and, are hard to stop.
"This is asymmetric warfare on a new scale: $20,000 of drones can wreak $20 million in damage and financial losses of $200 million--or $2 billion or $20 billion, if global markets are upended."
"there really isn't any reliable defense against a coordinated drone attack, nor is there any reliable way to distinguish between an Amazon drone delivering a package and a drone delivering a bomb."
oftwominds-Charles Hugh Smith: The Black Swan Is a Drone
Does the world have a whole new level of mutually assured destruction?

Armstrong, "Meanwhile, economic data was released from China showing industrial growth slumping to the weakest rate in over 17 years. The US sanctions are taking a toll with the industrial output slowing down"
"A new Reuters article suggests that Australian insiders within the intelligence agency have reason to believe that China was behind a recent cyber attack on its national Parliament and three other political parties before a general election in May."

[Danny B]

The parasites over run the producerts

In ages past, the farmer, hunter, herdsman, miner, forester, stonemason, fisherman, et al worked hard and, some of them produced excess "wealth". They traded amongst themselves to acquire things that they didn't produce directly. Their excess wealth was later stored as the most non-perishable items. Normally, metal and stone. As time past, the increasing productivity of the farmer and herdsman allowed some people to work as craftsmen and, build cities. For ease of trade, wealth was denominated in gold and silver. Those 2 metals were a standard much easier to judge than the value of oxhides or food.

Different tradesmen offered their services to the producers. The bankers was an offshoot of the traders. The banker's job was to efficiently and intelligently allocate capital to entrepreneurs. All that he had to work with was the stored capital of the producers.
Eventually, receipts for stored capital were used as a proxy for the actual, tangible capital. They were easier to transport and, less likely to be stolen. Talley sticks were one of the best forms of receipts because they couldn't be forged.
All this time, bankers were limited to capital that had already been produced. Of course, there were exceptions for things like logs at a lumber mill or, crops in the field.
"Money" was limited to promissory notes for tangible items.

The bankers started fraudulently creating excess promissory notes. The modern monetary system was born.
The gold standard was forced on the bankers from time to time to stop them from creating capital out of thin air. Since the banker added nothing productive to the economy, he was forever motivated to cheat the system.
Since the State was also a non-producer, it too was motivated to support the banker. The State traded regulatory advantage to the banker in exchange for the banker buying government bonds. Regulatory capture was born.

Since a parasite recognises no limitations on growth, the 2 major, symbiotic parasites always blew up the system. It is advantageous (over the producers) for the parasites to legislate away,,, inflate away the wealth of the producers.
The '87....'01...07 crashes were in the private sector. Stocks, tech, real estate.
Armstrong says that the upcoming crash will be in the Sovereign bond market. Though, corporate bonds are looking equally bad.
The 2 mega parasites are creating megatons of new debt. The general belief is that producers will repay this debt as payment is slowly siphoned off from production & consumption activity.

Armstrong writes convincingly that government will collapse. The State is completely entwined with the other mega parasite. ALL the recent stimulus is channelled through the banks. U.S. FED GOV spends 24% of the gdp. How could there be a total collapse of governments worldwide without a complete collapse of the banks?
The parasites are strangling the producers. The producers are falling in numbers. Consumption and commerce are falling. The parasites continue to inflate the debt bubble to compensate for lost profits and taxes. 10 years of stimulus channelled through the bankers has failed to bring a return of commerce & consumption.
The ideas of MMT and UBI are proffered to channel money directly to the consumer to revive the economy.
At one time, the bankers was employed to efficiently and, wisely allocate stored capital to entrepreneurs. The money renters of today are throwing heaps of debt at any stupid idea that they can find. The bankers will fight UBI and MMT because it sidelines them. The rise of automation sidelines the worker. The bankers will call MMT, "communism".
With, communism, the worker is demotivated because the fruits of his labor are stolen. The parasitism of crony capitalism accomplishes the same result. The parasitism of over-taxation is equally destructive for the motivation of the producer AND the entrepreneur.

The bankers and bureaucrats are the direct enemy of the producer. The bankers use continuous price inflation to keep us from dropping out of the labor force. MMT would change this. The battle for control will not be a short one.

[Danny B]

Liquidity crisis,,, repo window,,, QE

The current problem that is emerging is; a lack of funding.
"it now appears that the Fed is once again behind the curve, and this time the funding squeeze could have dire consequences for not only the economy but the market, as the broken repo plumbing means that despite $1.4 trillion in excess reserves, one or more banks are suddenly left without liquidity,"
"Needless to say, such a move - without a clear catalyst - is a clear indication that plumbing in the overnight funding markets has just snapped, and is badly broken to be trading so far above the effective funds rate."

https://www.zerohedge.com/markets/something-just-snapped-chaos-hits-repo-market-dollar-funding-storm-makes-thunderous

Today's "Watershed" Repo-calypse Is "One Of The Worst Things That Can Happen"

$53.2 Billion In QE Lite: Fed Concludes First Repo In A Decade Amid Liquidity Panic
The first shot toward QE4 was just fired.

Liquidity Traps of Our Own Design by rcwhalen - Sep 17, 2019 4:33 pm
Is the Fed independent? No. The Treasury is the dog and the Fed is the tail

Markets That Live By The Fed, Die By The Fed
The "everything bubble" is not permanent.

Did The Fed Fail: Repo Rate Refuses To Drop
the broadest repo rate has continued to rise and according to BBG data has jumped to 3.9340%.

The FED is trying to do QE via the repo market. It doesn't seem to be working out very well.

https://dailyreckoning.com/the-four-dynamics-of-bubbles/

Once again, the Trump effect. DOJ is going after those who have manipulated gold down for many years.

https://www.zerohedge.com/markets/three-jpmorgan-traders-charged-massive-gold-market-manipulation-fraud

The Macron effect.

https://www.rt.com/news/468684-google-fine-france-taxes/

[Danny B]

Overnight financing is the key to driving the economy, leverage.

https://www.zerohedge.com/markets/repo-calypse-ruins-bank-run-oil-mageddon-ripples-through-markets

This will filter down and affect everything else.

Armstrong, "ANSWER: Capital is beginning to move already. Europe is closing in and hunting taxes. The chaos of Brexit and punishing Britain rather than addressing the economic problems has really doomed Europe.

As you can see, the peak in the PE ratio took place at the LOW in 2009, not the high. When you enter these periods of uncertainty, interest rates, dividends, and expectations of profits no longer mean anything. The primary objective is to park money in a safe place where you get it back. Banks are questionable with bail-in policies and negative interest rates. Now even gold is being targeted. Where else to go but equities?"
Armstrong says that capital will flee public debt like treasuries and, move to equities. I just don't see this. Equities are just too small a market to shove $15 trillion in treasuries in. Forget about $6 trillion in corporate bonds. Various States are making it hard to buy gold without a report. The big money will just file the stupid report and, not worry. A lot of money is moving into silver.


It didn't work so, try it again.

"They" wanted to avoid another rate cut so, they did QE via the repo market.

AND
Illinois state workers highest paid in nation | Illinois Policy
Nearly 40000 state workers to get pay raises under new contract


NIRP and ZIRP are supposed to stimulate the economy. BUT, they wipe out everything and everybody who depend on interest income. Apparently, the negative from the loss of interest income wipes out the positive from low rates. NIRP and ZIRP work wonders for the State that can finance expenditures for free. But, these are expenditures, NOT investments.


If it goes far enough, the paper gold market will self-destruct and, gold will go to a price of many $thousands an ounce. Since MANY other markets are referenced to the price of gold, there would be chaos in all other markets.

The CBs can't very well tolerate competition for their paper.

NYC has high taxes and Florida has low taxes.

Yeah, how did israel manage to launch missiles and drones from Iran?
Every time that talks with Iran looked promising, "Iran" attacked a ship or an oil field or something else.

It looks like Netanayahooo is OUT. This is the best of news. The world can breathe a little easier. The election is close and Bibi refuses to concede. Bibi is charged in 3 big investigations and, will go straight to prison.
His opponent, Gantz is problematic also.
A Dutch court has held a hearing on a war crime case against a former Israeli general challenging incumbent Israeli Prime Minister Benjamin Netanyahu in ongoing general elections.

https://www.presstv.com/Detail/2019/09/17/606451/Palestine-Gaza-Israel-Dutch--Benjam-Benny-Gantzin-Netanyahu

"Whatever the outcome, ordinary Israeli Jews will continue suffering under neoliberal harshness, Arab citizens treated far worse, Occupied Palestinians worst of all.

If Netanyahu loses to Gantz/Lapid, his toxic presence will be gone, his destructive agenda to continue under new management."

https://stephenlendman.org/2019/09/israelis-have-no-say-over-how-theyre-governed/