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Eric Janszen Jeffrey Berwick
Eric Janszen started learning the financial markets in '96. In '98, he started a blog and newsletter called itulip. Like a few others, he accurately predicted the tech crash and the 2007 meltdown. He relies on charts and investigation. He has great charts. He has tried to be optimistic but, he has had to admit that hope is fading. Every time that we have a financial problem, the banks print to avoid taking any losses. The serial bubbles just get bigger. He writes that he has little doubt that this is the LAST bubble.
2013 Review and 2014 Forecast - Part I: The Last Bubble - Eric Janszen
GOV knows that the crash is coming. They are hard at work trying to make sure that no capital can leave the country.
The Daily Bell - Jeff Berwick on the Internet, FATCA and the Killer 'Bs' of Personal Empowerment
The FED has claim on 24% of the U.S. GDP. Since we can't realistically pay that much,,,, we have lost our jobs, the FED will have to settle for taking all the infrastructure that WE paid for with our tax dollars. Greece is now selling 110 of their best beaches to satisfy the IMF.
Why do you think that Staircase Escalante was locked up as a national monument. It has enormous reserves of coal and oil and gas.Comment
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War and more war
"Translation: The neoconservative architects of 9/11 and the 9/11 wars are disappointed that Obama refused to bomb Syria, attack Iran, and go to war with Russia over Crimea. They also believe that the US may have to attack China to prevent that nation's rise to world's-leading-superpower status."
PressTV - Bilderberg's New World Order plot hits Iran-Russia-China wallNoonan: U.S. Debt & the Expected Movement in the Price of Gold & Silver | munKNEE dot.comDid gold cause the Great Depression?
As Br'er rabbit stated; I'm running for my life. Br'er fox is only running for his dinner. The Bilderbergers are scheming for continuance of their power structure. Their guest list didn't include the movers and shakers of the East. The East is fighting for survival. With their huge populations, they are at great risk from food, disease and climate wars instituted by the West. The West controls the high ground ( space). The East is locking up energy and gold. Also, China has bought control of strategic marine chokepoints. It has properties at both ends of the Panama canal. There are many others.
London and the district of corruption plan to rely on the old standby, WAR.
The East has read the Guidestones. They know that the power structure in the West considers the East to be the prime candidates for population reduction. Like br'er rabbit, they already know the outcome if they get caught by the West. Neither the East nor the West want a full-on war. The ants and beetles would inherit the earth.
The East watched while the U.S. slowly inflated itself higher and higher. The sons of Sun Tzu laughed when we sent them all of our employment. ROFLMAO when we blew a credit bubble to cover our lost wages. They cried tears of joy when we installed criminals into all the important posts.
We sent Bill Clinton to start the destruction of Africa. China partners and builds in Africa. Our short-term planning is both laughable and despicable.
Britain was a very small country that had a huge empire. The Bilderbergers would see that model extended over the East.
As the people of the West thrash around trying to escape the yoke of the PTB, the East takes close note. The West must advance with Haste. The bond market is facing it's LAST bubble.
The East just smiles as they; start up the BRICS bank, open the Shaghai oil exchange, absorb all the world's gold, initiate currency swaps. The East is well aware of what Western bankers have in store for them, given the chance. The East can pick it's time to act.Comment
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Global currency reset
If you search on ... global currency reset...., there are a lot of interesting pages. Even the IMF is talking about a reset. https://www.youtube.com/watch?v=CVsGzIYmqucThe U.S. Dollar: Currency Masquerading as Money - GoldSeek.com
We have had a continuous devaluation but it seems that this is not enough.
Should a devaluation occur, it must be done without any warning. It would be announced late on a Saturday. All your dollar accounts would be "adjusted" ( robbed). GOV would give you 1? month to bring all your cash into a bank for exchange and recording. They may even demand that anything over a certain amount must be deposited in the bank. Executive Order 6102 prohibited the hoarding of cash and / or gold. 1933
The IMF is talking about a reset. The B.I.S said that the currency is expected to collapse between june, 2014 and july 2015. They also accurately predicted the 2007 meltdown. Since debt is more than 30% higher now than then, the meltdown can be expected to be worse.Comment
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15 Signs The Middle Class Is Dying [Dow Jones Industrial Average(INDEXDJX:.DJI)] | ETF DAILY NEWS
Social security was originally aimed at widows and orphans. It was NOT written to provide for retirees. SS kicked in at age 65 when the average life expectancy was 57.Comment
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Europe at risk of blackouts, warns IEA - TelegraphJoe Costello: Why the Oil Industry is Running Into Major Trouble | naked capitalism
So, Europe will shut down coal and run out of oil. They have mothballed some modern gas generation plants because the power costs too much. In the meantime, they are working on a recovery.Comment
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Ron Paul and the disorderly collapse
The monetary authorities have made it clear that they expect a collapse. 12 years ago, Ron Paul made quite a few predictions of which many have come true. https://www.youtube.com/watch?v=ifJG_oFFDK0
Mr. Paul says that the monetary authorities expect a collapse that they can manage. He says that the collapse will NOT be orderly. https://www.youtube.com/watch?v=TKDkHOfaMv0
Ron Paul in earlier days. https://www.youtube.com/watch?v=ep_Yfpd0yO8Comment
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China and the price of gold
Everyone knows that China imported huge amounts of gold. Even with this, the price of gold remained very low. Looking at the numbers from the CFTC, it was obvious that somebody (s) was driving down the price. Logically, one could figure that the entity driving down the price was the entity buying the gold. The suppression action was executed by a few big Western banks. GATA did extensive reports of this.
Jim Willie claims that rich Chinese families sent their gold to London about 12 years ago. The London Bankers, of course, stole the gold. The Chinese families told them; Get it back or we send the triads to take care of you. About 50 high powered bankers have died recently so, one could assume that the Chinese had to make things very clear.
The bankers colluded with the CFTC to crush the price of gold. Gary Gensler is the head weasel at the CFTC,,, formerly of GS.
How China Imported A Record $70 Billion In Physical Gold Without Sending The Price Of Gold Soaring | Zero HedgeComment
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Illegitimate debt
Various European States are using austerity measures to cut the deficit. Conventional wisdom says that over generous social programs must be cut because they are far too expensive. Everybody already knows this,,, even if it isn't true.
"The neoliberal argument in favour of austerity policies claims that debt is due to unreasonable public spending levels; that societies in general, and popular classes in particular, live above their means.
This is plain false. In the past 30 years, from 1978 to 2012 more precisely, French public spending has in fact decreased by two GDP points"
"First, a fall in the tax revenues of the state. Massive tax reductions for the wealthy and big corporations have been carried out since 1980."
"Tax reductions for the wealthy and interest rates increases are political decisions. What the audit shows is that public deficits do not just grow naturally out of the normal course of social life. They are deliberately inflicted on society by the dominant classes, to legitimise austerity policies that will allow the transfer of value from the working classes to the wealthy ones."
"The report was written by a group of experts in public finances under the coordination of Michel Husson, one of France's finest critical economists. Its conclusion is straightforward: 60% of French public debt is illegitimate."
The French are right: tear up public debt – most of it is illegitimate anyway | Razmig Keucheyan | Comment is free | theguardian.comComment
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ISIS and Iraqi oil
Politics is naturally a dirty business and I try to keep a distance. BUT, the current invasion of Iraq by " Islamic State of Iraq and Syria" ISIS, is going to cause oil prices to go up. ISIS was a relatively small group that didn't have much funding. Since it is a splinter group of Al-Qaeda, it undoubtedly is controlled and funded by the CIA. ISIS hit the jackpot and over ran an area that had an unprotected bank containing $ 500 million in U.S. cash.
Iran has big investments in Iraq and is sending in military. America has rushed in huge naval forces. America can't very well afford to have ISIS torch the refineries and oil fields.
Obummer has a terrible foreign policy and it is affecting things here even more. https://www.youtube.com/watch?v=mXIHII2hQws
The New York Times and various economists have no fear of all this;
New York Times Says "Lack Of Major Wars May Be Hurting Economic Growth" | Zero Hedge
They seem to ignore the fact that every rise in oil prices creates a contraction in the general economy.Comment
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Peak wages
Mish has a good page showing that we passed peak wages a few decades ago.
"It is very safe to say, the decline in "unreal" weekly earnings from $825 in 1973 to $690 today, understates the decline by a huge degree."
Read more at Mish's Global Economic Trend Analysis: "Real" and "Unreal" Wages; Five Decades of Middle Class Decline in Pictures
He shows good numbers to illustrate that the loss is even more than claimed.
This is no real surprise when you consider that a lot of people in the world are willing to work for less money that we want.
America has lost 56,000 manufacturing facilities since 2001
We've lost our jobs and our savings. The silly snots in the District of Corruption can't understand why we just don't seem to have any growth. We passed peak cheap oil several years ago and now energy is taking an ever-larger bite from our diminishing wages.
Chris Martenson has a good vid that covers a lot of the changes that we can expect.
Why The Next 20 Years Will Be Completely Unlike The Last 20 | Peak ProsperityComment
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New World orders
America likes the old world order. PNAC was ,, plan for a new American century. To some power brokers, NWO is a new world fascism centered on a one world currency,,, which they control. China wants a new world order where America is not top dog. Russia wants a new world order with plurality. The FED wants a new/old world order where the dollar is the commanding currency. A new arrangement called TISA would allow the FED/dollar to take control of all? foreign banks. Western think tanks claim that America must control central Asian oil if it wants to control the world.
The District of Corruption wants a NWO where it controls even more of the world. The mega-corporations want a NWO that has a fascist core with a collectivist majority.
The G7 met June 3 and left out Russia. Kinda stupid considering that Russia supplies about 40% of their gas. Now, they are thinking of pushing Russia out of the G20
Meanwhile, lots of countries are joining the Eurasian union.
Russia's Eurasian Union: Part of a Master Plan | The National Interest133 G77 Nations Vow to Destroy America’s New World Order
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Everybody has their own idea of what the order of the world should look like. So many NWOs, one can't keep track.
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So, how does this play out? U.S. has about $ 17 trillion in debt. Foreigners hold about $6 trillion. U.S. National Debt Clock : Real Time
They dump U.S. debt instead of rolling it over. They cash in everything.
The numbers are pretty high;
"Treasury needed to pay off a record of approximately $7,546,726,000,000 in maturing Treasury securities in fiscal 2013, which ended last Monday, according to Treasury's official accounting.
During the same period, the Treasury turned around and issued another $8,323,949,000,000 in new Treasury securities."
Over the last few years, the FED has increased it's balance sheet to about $ 3.48 trillion. It wouldn't be possible for it to absorb all the payment if the debt was not rolled over in any great quantity.
"Rollover Risk: Ideating a U.S. Debt Default" by Steven L. Schwarcz
If the rest of the world cashes in everything, we would have to default. Our exports have fallen drastically recently. We have a huge deficit in our balance of trade. Oil is our most critical import. If we default, we will have to pay in gold for oil. The dollar is hated everywhere because U.S. GOV is hated everywhere,,,, because we murder everywhere.
BRICS Gold Central Bank Outpost
The rest of the world is dumping our paper. Many holders of paper are cashing in paper for gold. When the gold stops, they have no reason to collect more paper. They already have enough. They will just trade with States who aren't run by sociopaths.
Dollar Ready to Die, We are Losing our Country-Jim Willie | Greg Hunter’s USAWatchdogComment
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New World orders
15 charactersComment
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just adding an interesting article :
The open source revolution is coming and it will conquer the 1% - ex CIA spy | Nafeez Ahmed | Environment | theguardian.com
But he also offers a comprehensive vision of hope that activist networks like Reclaim are implementing today.
"We are at the end of a five-thousand-year-plus historical process during which human society grew in scale while it abandoned the early indigenous wisdom councils and communal decision-making," he writes in The Open Source Everything Manifesto. "Power was centralised in the hands of increasingly specialised 'elites' and 'experts' who not only failed to achieve all they promised but used secrecy and the control of information to deceive the public into allowing them to retain power over community resources that they ultimately looted."
Today's capitalism, he argues, is inherently predatory and destructive:
"Over the course of the last centuries, the commons was fenced, and everything from agriculture to water was commoditised without regard to the true cost in non-renewable resources. Human beings, who had spent centuries evolving away from slavery, were re-commoditised by the Industrial Era."
Open source everything, in this context, offers us the chance to build on what we've learned through industrialisation, to learn from our mistakes, and catalyse the re-opening of the commons, in the process breaking the grip of defunct power structures and enabling the possibility of prosperity for all.
"Sharing, not secrecy, is the means by which we realise such a lofty destiny as well as create infinite wealth. The wealth of networks, the wealth of knowledge, revolutionary wealth - all can create a nonzero win-win Earth that works for one hundred percent of humanity. This is the 'utopia' that Buckminster Fuller foresaw, now within our reach."
The goal, he concludes, is to reject:
"... concentrated illicitly aggregated and largely phantom wealth in favor of community wealth defined by community knowledge, community sharing of information, and community definition of truth derived in transparency and authenticity, the latter being the ultimate arbiter of shared wealth."
Signs and symbols -Confucius.
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Open source revolution
MonsieurM, on June 25, I posted the link for the article on the open source revolution at an article by the Daily Bell. The next morning, they had rushed together an article decrying the open source revolution. Robert Steele appeared on the thread to explain and defend his ideas.
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