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A Quick Sanity Check
Submitted by Adam Taggart via Peak Prosperity,
Sometimes it pays to step way back and look at things from a high level.
In response to the 2008 crisis, the world's major central banks pumped an unprecedented amount of monetary stimulus into the system -- all in the name of kick-starting enough economic growth to pull the planet out of its fundamental sinkhole of Too Much Debt.
More than six years and over $4 trillion later, what exactly can we say it did for us?
Not enough, as the following short video summarizes.
Many of you are already well-familiar with this theme. Hopefully this video provides a welcome reminder that you're not crazy, despite the persisting artificial heights of today's asset prices. And perhaps more important, it's intended to be an easily-sharable resource for waking up new ears to our message of prudent caution.
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And this: https://www.youtube.com/watch?v=U1Qt6a-vaNM
Krugman will always say "Double down".
He's a gamblin' man.
More than six years and over $4 trillion later, what exactly can we say it did for us?
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It shows how far the Kool-Aid drinking Lib sheeple let the MSM fuck them in 2008!
I don't need charts. I don't need experts. Even a economic dumbass like me can understand that this is ALL going to collapse in a smoking hole.
Lots of jokes. Lots of predictions. It doesn't matter. Imagine the worse and then place that to the power of 10.
Do you have even the slightest bit of extra food? Do you have food preservation equipment? Can you clean water to make it drinkable? Alternate power? Guns? Friends with guns? Heritage seeds? Extra meds?
If you've ever done the first night after a hurricane...... you'll understand. Pitch frickin black. At least people understood power would be coming back. Now, what if it doesn't???????? Before Rita, Houston was in a panic and people were turning into animals. It was fucking scarey and she hadn't even hit yet!!
Three days..... that's it. Three damn days and EVERYONE will be totally freaked out. It all goes down from there.
That's what you need to "invest" for....... It's coming.
QE did lots. It held off deflation for 4-1/2 years, giving us plenty of time to prepare. Most importantly, it meant another four years of cognac and caviar for those running the casino.
Of course, deflation has picked up right where it left off in 2010. http://worldcomplex.blogspot.ca/2015/01/progress-in-usdx-vs-gold.html
Enie meany minee moe, catch a Tiger by the toe, if he hollers let him go, enie meany minee moe.
It's been six long years. If you haven't prepped by now, you're probably insane. The US Fed Gov has even started giving out free prep classes and packages for the sheeple.
I'm broke... can I crash on your couch when the shit hits the fan? I'll till the soil on your farm
Lived through Katrina and it's aftermath in Baton Rouge. Lots of refugees (mostly not nice people) hanging around Walmart and store parking lots. No power at my house for 2 weeks. Cell phones wouldnt' work, gasoline and ice nearly unavailable.
I caught on the whole doomer movement a year before that so had already prepped. Still though, seeing your city tore up and lots of shiftless people wandering around combined with constant sirens, choppers, and empty store shelves can a be a good wakeup call. And when they make the local State U's baskbetball arena into a morgue and you talk to insiders who tell you that the numbers being released about casualties (both natural and manmade are not accurate).
In my family's case, it was affirmation of what I had been telling the Mrs. for over a year. She was skeptical at first but Katrina opened her eyes. Well that and that she volunteered at a shelter for pregnant women evac'd from NO.
When you see somethign with your own eyes, then you see your local version of Baghdad Bob (in that case the governer and teh Col. of the state police) telling you something you just saw is not happening, it shakes your faith in instutions you're supposed to believe and respect.
That is hard for some people. Others like us here already know it and fully expect it whenever the psychopaths in charge start opening their mouths.
If you check into old posts (extremely busy day to answer this morning), you might want to check out http://tri-fuelgen.com Some helpful information can be learned about modifying a generator and rigging your house up to use it. I've done two full blown hurricanes with power out for a week+. All I can say........ there's nothing like being prepared. I was, almost everyone else - not!!
You got to know when to hold em, know when to fold em.
Know when to walk away, know when to run.
I would rather have a bottle in front of me than a frontal lobotomy.
Heard that saying many years ago and still like it.
I'm fucking insane
You are not alone.
Paradoxical "insanity:"
They are normal not in what may be called the absolute sense of the word; they are normal only in relation to a profoundly abnormal society. Their perfect adjustment to that abnormal society is a measure of their mental sickness.
--- Aldous Huxley
It is no measure of health
to be well adjusted to a
profoundly sick society.
--- Jiddu Krishnamurti
It is a mad, mad, mad world after all.
Think the point was to keep us sane?
Bwhahahahahahaha.
Never better than population driven to insanity as the next stop IS extinction.
But we still can inject reason into the so called "debate" in my view. First and Fistmost is "let equities do what they do.". No one has ever been able to explain them and no one ever will.
Real estate on the other hand is " the killer app.". I've never known any financial institution that can resist it's true insanity. Those are where the yield hungry SPECULATORS venture forth never to see an income ever really return.
We build great houses and infrastructure around "the industry" for a reason. There is a sound fear that all that has been expended may in fact be worth zero!
You do get that in equities of course...but of course taint much of a carrying cost in those things. "Light as a feather" actually. And the good...indeed great ones...they can provide a steady source of income when banks are telling the world to stick it where the sun don't shine.
My favorite example is the ch-47 helicopter. That production has been running since the late 1950's...and guess what...they finally just got it right. Indeed...they have for the first time even found a commercial buyer or two.
"These things take time.". Sometimes these things even work out.
Money is debt, or evidence of debt. The now-legendary mortgage bubble popped, meaning that mortgage debt was defaulted upopn in huge amounts. That's "deflationary" in the sense that it decreases the supply on money floating around (extinguish debt = no money). So if you think of fiat or debt-money as having a duration associated with it, a lot of long-duration money got disappeared - so their solution was to "print" a lot of short-duration money. Hence the liquidity meme. The bit about "stimulating recovery" is all smokescreen - ha ha! They don't care about a recovery, ever. They just care that we keep using little pieces of paper with occult symbols on them.
Yes
Money Boo Boo
Very few people above the level of "dimly aware" would disagree with any of this.
The problem is that to correct the imbalances of the past will require pain. The decision was made by the Fed and other central banks 6 years ago that pain would be deferred (most specifinally for the asset-owning class). Not elimintated, just deferred. Somehow, it still doesn't look like a good idea to take that pain now while further deferral is still possible. THEIR decision, not YOURS, I should point out.
The distortions and imbalances of that decision grow by the day, but are ignored because they do not affect the asset-owning class. This is, of course, just the added interest on the pain debt. But for today, it's just the average person's pain, and who in the asset class really give a shit about the pain of the average person? So the interest is gladly piled up and made to be paid by others.
And that's where we are now. Knowing it will be paid for "someday" but certainly not today. Surely not today.
The only thing I would add to your statement is that it didn't start in 2008, they have been doing this since 1999, when we reached the limit of real growth, but still had managable debt. Every bit of growth since then has been false, and based only on debt creating an illusion of prosperity. When the dotcom bubble burst, they could have left everything the fuck alone and it would have sorted itself out long ago. It's been 16 years, not 6, that they have been doing this. I still don't believe we are in the end game yet, although it is inevitable. As long as Japan is still able to play kick the can, we will probably muddle along too. When their currency collapses, you will know the shitstorn is truly beginning.
But don't panic until you see the white of their eyes.
Deficits don't matter....Dick Cheney.
NoDebt:
It was deferred onto people in proportion to how young and poor they are, since they were the least able to defend themselves. This video indeed did provide "a welcome reminder," which summarized the basic facts regarding the previous 6 years. Furthermore, NoDebt, I think you correctly summarized the motivation behind that happening: "The distortions and imbalances of that decision grow by the day ... made to be paid by others."
The old, rich people were able and willing set up a social situation to make young, poor people pay in the future. However, when one recognizes the degree to which it will be NOT POSSIBLE for those young, poor people to EVER pay for what the old, rich people did, while deferring payment for that, the magnitudes of the "pain" deferred onto the future can no longer be fully imagined!
Of course, the previous 6 years of the biggest central banks creating an additional $4 trillion in "money" made out of nothing was just a tiny blip in the overall historical trajectory of that MAD Money As Debt system. What basically happened was that none of the other lesser banks were still able to create enough "money" out of nothing, because they were no longer able to find enough "borrowers" to enable them to justify making that "money" out of nothing. Therefore, the central banks stepped in, to make enough "money" out of nothing, so that those banksters could distribute that to their buddies.
That additional $4 trillion in "money" made out of nothing has enabled the established systems of legalized lies, backed by legalized violence, to continue to have their vicious spirals spin. Thus, the central banks enabled MOAR irreconcilable social polarization, and EVEN MOAR irreparable destruction of the natural world, to be driven by their fundamentally fraudulent financial accounting systems.
After one recognizes that money is measurement backed by murder, because the debt controls are backed by the death controls, then what greater levels of debt insanities actually MEAN is that those will cause corresponding future levels of death insanities. Old, rich people are setting up conditions which will become the mass murdering of younger, poorer people. However, since the established systems are based on successfully enforced frauds, that are able and willing to deliberately ignore the ways that money is actually measurement backed by murder, the balancing of the accounts has been deferred, as much as possible, for as long as possible ... which has enabled the debt slavery system to increase its numbers to even greater levels of debt insanities, which have no actual ways to ever be fixed without drastic changes in the death control systems, that actually back up the debt control systems.
At the present time, since the vast majority of people have adapted to live inside of a society controlled by lies backed by violence (in which the political economy is based on enforced frauds, which get away with deliberately ignoring and denying their environmental ecology, as demonstrated by the ways the "money" made out of nothing appears to violate the basic laws of nature, but nevertheless, continues to be socially successful, because those frauds are enforced), we are in a runaway situation whereby the rich, old people are setting up conditions which will result in the mass murder of young, poor people in the future.
Since our civilization always operated according to the principles and methods of organized crime, as entropic pumps of energy, which systems were buried as deep under bullshit as possible, the basic thrust of the development of that civilization has been the War Kings morphing into the Fraud Kings. The national central banks were the Kings of Fraud, with the King of Kings of Fraud being the Bank of International Settlements. Everything that economic system did was the expression of organized crime, operating a political economy based on enforced frauds.
Systems of organized lies operating robberies became more symbolic forms of fraud. Those frauds were primary committed by older, richer people against younger, poorer people. Those frauds have accumulated to astronomically amplified sizes, becoming globalized systems of electronic monkey money, backed by apes with atomic bombs. The basic debt backed by death systems have become debt insanities headed towards provoking death insanities. TO DEFER THE DEBT IS TO DEFER THE DEATH.
The only genuinely better resolutions of those problems would take more radical truths about human beings and human civilizations operating as general energy systems, integrated into the overall general energy systems that surround them. However, paradoxically, that would require better death controls, in order to back up better debt controls. The problems we are currently presented with have thousands of years of social inertia behind them, as the development of social pyramid systems which were based on being able to back up lies with violence, that became more sophisticated systems of legalized lies, backed by legalized violence, or the enforced frauds that dominate and direct our political economy.
The video in the article above was supposed to provide "A Quick Sanity Check." However, as with everything emanating from the Peak Prosperity group, its presentation was superficially correct, but otherwise profoundly wrong. These problems did NOT start 6 years ago, nor any other arbitrarily picked number of years ago. Although there were some series of significant milestones along the path of the development of human civilization, the basics were always organized lies, operating robberies, developing at an exponential rate.
The deeper levels of the problems were that natural selection was internalized as human intelligence, which was able to develop cultural systems of artificial selection, through the history of warfare, wherein success was based on backing up deceits with destruction, which them morphed to become enforcing frauds. Human beings have been developing, along the paths of least morality, some series of the most expedient sets of solutions to the chronic political problems inherent in the nature of all life in general, and human life in particular, corresponding to the degree that human beings developed the ability to grow brains that could make mental models of their world, with mental models of themselves within their mental models of the world.
The supreme paradoxes with respect to our current systems of artificial selection are that our death controls operate through the maximum possible deceits, while our debt controls operate through the maximum possible frauds. That problem includes the ways that those established systems are surrounded by various controlled opposition groups, which continue to operate within the same basically deceitful and fraudulent world view. The accumulating consequences of money being measurement backed by murder, which has enabled the central banks to continue the established systems of debt slavery, to generated numbers which are even greater debt insanities, are that we overall head towards it provoking corresponding series of death insanities in the future, whereby the established systems are supposed to force younger and poorer people to pay for what older and richer people did, despite that NOT BEING POSSIBLE.
"A Quick Sanity Check" is not sufficient to comprehend the degree to which we are living inside of a Bizarro Mirror World, or in a Wonderland Matrix, where EVERYTHING appears proportionately backward and absurd, because thousands of years of human history has created a culture of artificial selection based on the maximum possible deceits and frauds. THE BASIC SYSTEM RUN BY CENTRAL BANKS MAKES THE PUBLIC "MONEY" SUPPLY OUT OF NOTHING! (Or, as that video above states at about the 42nd second mark, "out of thin air.") Since the most basic law of nature, that human beings are currently aware of, is the conservation of energy, which says nothing can be created out of nothing, and nothing sent to nothing, making "money" out of nothing, as debts, which can disappear back to nothing, when debts disappear, are actually FRAUDS ENFORCED BY GOVERNMENTS.
To understand what is really going on inside those systems requires perceiving the degree to which there are combined money/murder systems, whose history I have outlined above, and whose consequences are unfolding MOAR and MOAR, at the present time! It is theoretically possible to understand the ways in which our political economy based upon those ENFORCED FRAUDS is actually consistent with the laws of nature, however, that requires perceiving the degree to which governments are necessarily the biggest form of organized crime, controlled by the best organized gangs of criminals, which are currently the biggest gangsters known as the international banksters, AKA the Fraud Kings, AKA the central banks, who have successfully applied the methods of organized crime through all aspects of the funding of the political processes, and other related social institutions, so that the powers of sovereign states, originally made by the War Kings, now primarily serve the interests of the Fraud Kings, i.e., the banksters.
The way that was achieved has made Western Civilization's two predominant State Religions become its monetary system and national security, which are based on the maximum possible frauds and deceits. Those, therefore, are headed towards severe social storms and psychotic breakdowns. The global economy is headed towards crazy collapses into chaos because being able to enforce frauds never stops those frauds from being false. The longer that those frauds can be enforced, the greater the collective overall social insanities ensue.
That was the context in which the central banks, during the previous 6 years, kept the established political economy going by filling the breaches in the system by those central banks doubling down on the basic processes of making MOAR of the public "money" supply out of nothing. Of course, that does NOT actually improve the real economic situation, since that was merely more frauds piled on top of previous frauds. The deeper reasons why human problems are so intractable are that, after human life exists, then the death controls direct the development of that life. There is NO way to maintain intellectual integrity while deliberately ignoring that money is measurement backed murder, because the debt controls depend upon the death controls. However, everything that the currently established systems actually do is based on deliberately ignoring and denying that as much as possible, for as long as possible ... The result is as NoDebt outlined in his comment above. The pain has been deferred onto the future, which means mostly onto future generations. The older, richer, people that dominate the currently established systems have set those up so that younger, poorer, people are supposed to pay for the debts being accumulated at an exponential rate, both today, as well as in the past!
Within those currently established systems, it is crucial to consider the paradoxical point that, IF there were NO debts, then there would be NO money. Those who attempt to operate as individuals who avoid going into debt are STILL inside of an overall system in which the public "money" supply is the MAD Money As Debt system, which is ultimately backed by the MAD Mutual Assured Destruction system. Given that overall level of collective MADNESS, "A Quick Sanity Check" only reminds us of how criminally insane we have become!
The abundant radiation floating around may mutate the fraud into something worse.
That will affect the trajectory, perhaps.
You are probably right, Solio.
New police radars can 'see' inside homes
Brad Heath, USA TODAY 10:32 p.m. EST January 19, 2015
At least 50 U.S. law enforcement agencies quietly deployed radars that let them effectively see inside homes, with little notice to the courts or the
WASHINGTON — At least 50 U.S. law enforcement agencies have secretly equipped their officers with radar devices that allow them to effectively peer through the walls of houses to see whether anyone is inside, a practice raising new concerns about the extent of government surveillance.
Those agencies, including the FBI and the U.S. Marshals Service, began deploying the radar systems more than two years ago with little notice to the courts and no public disclosure of when or how they would be used. The technology raises legal and privacy issues because the U.S. Supreme Court has said officers generally cannot use high-tech sensors to tell them about the inside of a person's house without first obtaining a search warrant.
The radars work like finely tuned motion detectors, using radio waves to zero in on movements as slight as human breathing from a distance of more than 50 feet. They can detect whether anyone is inside of a house, where they are and whether they are moving.
Current and former federal officials say the information is critical for keeping officers safe if they need to storm buildings or rescue hostages. But privacy advocates and judges have nonetheless expressed concern about the circumstances in which law enforcement agencies may be using the radars — and the fact that they have so far done so without public scrutiny.
"The idea that the government can send signals through the wall of your house to figure out what's inside is problematic," said Christopher Soghoian, the American Civil Liberties Union's principal technologist. "Technologies that allow the police to look inside of a home are among the intrusive tools that police have."
Agents' use of the radars was largely unknown until December, when a federal appeals court in Denver said officers had used one before they entered a house to arrest a man wanted for violating his parole. The judges expressed alarm that agents had used the new technology without a search warrant, warning that "the government's warrantless use of such a powerful tool to search inside homes poses grave Fourth Amendment questions."
By then, however, the technology was hardly new. Federal contract records show the Marshals Service began buying the radars in 2012, and has so far spent at least $180,000 on them.
sick ..
so.... if you line the walls of your house with lead (or soem other heavy metal) does it still work?
One way to justify gold wallpaper.....
Tinfoil Hats for the less affluent.
If you don't already have a tin foil envelope for your cell phone, you are already tempting fate.
If RF based technology, you need a faraday cage - copper shielding.
The debt will never be paid off. Countries will continue to print money until it becomes worthless. Countries will then default on their debt and then declare bankruptcy. And then the cycle will be restarted. But, when, when?
ahhhh, amadeus39, that is the beauty of QE. the fed prints money to buy treasuries, so if the default consists of the fed "forgiving" the debt they hold, nobody gets burned. a very different scenario than if the treasury simply defaulted on all the bonds held by corps and mom & pop savers. if the debt is too big to fathom, they need more, More, MORE QE to suck up all the treasuries they can get their hands on, thus allowing a bigger and bigger relief when they do forgive it.
I agree, I can't see it ever getting repaid in any normal sense. Instead, they either do QE to infinity (thus making the debt worthless by inflation) or they do something dastardly like that above, inflating it in one big step. We are the losers, and the position of the dollar as the storer of wealth for the rest of the world will be lost, but that is going anyhow.
"We are the losers, and the position of the dollar as the storer of wealth for the rest of the world will be lost, but that is going anyhow."
I think the idea is to, over time, soften the public to a jumping off point on the dollar. It has already been in motion for some time. If it happens too quickly (i.e. the dollar emperor is shown to have no clothes) then pain abounds for everyone, there is violence in the streets, etc. But if the frog is boiled slowly, then there will come a time where the Fed/Govt can say it's time to blow it up and start over and when they finally say it, the majority of the public will either be unthinking lemmings, or will already be in the final "acceptance" phase of the death anyways, thereby facilitating the restart.
In the beginning there was nothing, then it all exploded.
Well and if the world is a liberal paradise where adults share info, culture, history, science, and enjoy brotherhood in a UN type Organization... where we understand: No one takes advantage of anyone else, where information is not held back, where financial information is available, auditable, and transparent to all the world... well if we are really this adult UN Organization that shares finances and data and technology and free trade advantages... well this is astounding... can it be true?
"Next, director and producer of the Watchers catalog of DVDs, Richard Shaw will discuss a series of unlikely coincidences which led him to the rabbis and professors who are the core team that discovered the secrets of the Torah Codes. He'll cover the process involved with revealing the hidden messages buried in the Torah, as well as some of the prophecies."
Well if the Jews are so liberal why is there history, science, technology, and culture hidden in the Jewish State (Outside of Israel and inside of Israel).
- I'm not Naive, I know there are Technology secrets in many countries, and industrial secrets... but is it just another false Meme? Just Propaganda. Just rape by our Trade Negotiators? Looting by Corporations who own Property Rights?? Booty for corporations that win through LBOs... who can sell US National Secrets & Technology??
That would be the Big Bang Bankster Theory, where the TBTF Banks blow up one day, sending Bankster fecal matter into the far reaches of outer space,,,
Chinese GDP comes in low, Asian stocks are up, but oil is down 2%. -2% on a metric that has decoupled from the alien psuedo market looks bearish to me. Then again, I think gold should be $3k/oz. What do I know?
Governments use the debt as money system to motivate us all to work to buy the shit we want. Governments once lived off a percentage of this (tax). But the debt has peaked so taxable income has peaked and is nominally decreasing so they print money for themselves to continue operating unjustifiably. Governments have reached their theoretical limit / life span under the old social contract we supposedly signed into when we were born. Now though, governments have broken the social contract and are printing their own money out of thin air while making the public work like slaves for tiny allocations of this fraudulent and worthless illegal tender. What governments are doing is blatantly criminal and have thusly been forced to increase and build a police state and MIC to defend it. This won't end until our Governemnt have turned us all into a world of North Korean like society's. Governments defaulted on our social contract and are now using CBs to perpetuate this devastating crime. Before this crime, when taxes became too low due to normal economic cycles, the politicians were elected based on their ability to improve the working classes ability to be productive. These natural economic laws have been broken by CBs who have allowed politicians to stay elected by the use of force through police and military expenditure generated by fraudulent money / currency creation. The time has come to use violence to remove the people who control this money printing process.
"Now though, governments have broken the social contract and are printing their own money out of thin air while making the public work like slaves for tiny allocations of this fraudulent and worthless illegal tender"
Yup. But it's far worse. Fractional banking and the Fed money creation ad nauseum rips wealth out of all of our pockets every day. So that's one transfer of wealth to the government. Then there's taxes, obviously another transfer of wealth to the government. And in my darker (but definitely plausible) thoughts, they are licking their chops on retirement accounts, etc. And yet we live in a world where money is just created out of thin air, so wouldn't a politician/political party want to say "elect us and everyone's taxes are zero" (i.e. we have printing presses so we don't need the tax revenue). There are clearly enough idiots to vote for that. But no politician goes down that road because taxes control the populace, so they can create as much money as they want AND control the citizenry with taxes.
Sandpaoer the skin off ALL the elected political turds, especially the fudgepacker, along with all their bureaucratic minions, bury them in salt & drop them from C-130s over the countries rampant w ebola. Nah, that's too good for them.
Prudent caution = BTFD where I come from.
That’s why they need to print another 12 trillion ASAP!
and if that doesn’t work, we can always try 36 trillion....
It was hard enough to put a trillion bills into those visual representation charts a while ago. See how long it takes to do one for quadrillions.
(Time to get a bigger monitor)
Exactly what their doing. Double it again to another $18 trillion to $36 trillion.
After that wears off, another $72 trillion.
Problem of too much debt with even more debt.
On top of that demographics, the aging population.
The only thing the oligarchs have left is to steal whatever is left from those that still have something.
About the expected ECB QE :
Some of us queried what was happening behind the scenes when the SNB pulled the plug on the Franc peg creating market mayhem and the next day Hollande pulled the curtain on the ECB QE program-- to complement what Benoit Coeure (of France sitting on the ECB board) had said-- : the ECB WILL enforce substantial bond buying to help eurozone recovery.
Such a remark which preempted ECB's independent decision making raised eyebrows. What did Hollande have in mind ?
Was it a political gaffe or some subtle arm twisting by advance leaking?
We seem to have an answer now appearing in this Weidmann-Draghi standoff down the home stretch to Thursday's decision :
http://www.marketwatch.com/story/german-opt-out-could-fatally-weaken-eur...
Now Hollande's remark makes more sense !