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America - We Have A Problem
If "everything is awesome'... and 70% of the US economy is personal consumption... and Q1 weakness was all weather and port related? Then why are these charts doing this...
Retail sales growth has fallen and can't get back up...
And Wholesale sales have collapsed...
Perhaps, just perhaps, it really is all a big con and all the Fed really has is "confidence trickery" as a policy tool (and a horde of group-thinking, status-quo-beholden talking heads to 'confirm' anecdotes).
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Everything is awesome!
We do indeed have a problem... there is an update today re the Midland Walmart being turned into a detention and processing center. This is on top of the contractor who blew the whistle! The collapse may be precipitated in the US anyday now... http://revelation12.ca/?p=2119
THE INTERNET RAN OUT OF ZEROES AND ONES!!!
Mitch Feierstein sums it up pretty well:
“You can’t taper a Ponzi”
I thought we faked our numbers?
Off with their heads!
Those that can afford stuff don't need stuff. Those that have enough stuff don't want to waste money on more stuff. Those with not so much stuff can't afford more extra stuff but have what they need. Those that want stuff have no means to get it. Stuff is not so important anymore as people prefer events/places/connections/friends/communication/sharing/memories vs stuff you dust or store in the garage. So we create Free trade, TPP, which opens us to more global people who want our stuff.
Your stuff is shit.
See, THIS is the shit I was talking about. Those sales are clearly worse than Q1, we all know inventories are still stuffed...nothing has changed for the better, and yet the Atlanta Fed's GDPNow that was so accurate last quarter says +2.3%.
Bullshit.
More of this BS about personal consumption is 70% of the economy. Personal spending after taxes is about 25% of the economy or about $$4.2 trillion.
See: http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
"Ex" meaning =excluding drug stores= I assume. Surely they are booming.
Great point. America will get through this with the assistance of lots of anti-psychotic/depression meds. No worries folks.
If you count durable goods, non-durable goods, and services, yes, it adds up to around 70% of GDP. Of course, the Bureau Of Economic Analysis is a propaganda machine for the Federal Government, so it really depends on whether or not you believe anything they have to say.
No wonder China's markets are tanking. The US is not buying their stuff!
America-We Have A Problem
America-Who?
Government?
Citizen?
Oh...................yea both!
Citizens cannot afford to buy = Business lose sales = Government gets less taxes (to pay debt)
Government borrows more to pay for loss and then............
Increases taxes to payoff debt = Citizens have less money to buy things so back at the begining.
Anyone else seeing this accelerating exponentially in all debtor nations..................I think Greece is showing us what is going to happen.
America & co had a problem when they started Income tax etc................been going on a long long time................but on a long enough time line it all goes to.........................................Zero
WE don't need no stinking sales.
.
You people are idiots. No one gives a shit about Midland TX.
Right. Everybody cares about what goes on at East 86th and Park.
I read what was posted on this link. It is to say the least very interesting. We will soon see what plays out. Thanks for this post...
The one north of the Loop? And would that be a detention center for illegal aliens or confederate flag waving terrorists?
I often wonder if these extreme conspiracy sites are actually Fedcoat diversions from the "real" problems of a collapsing economy, which indeed would make us "political prisoners" of a centrally planned (albeit seasonally adjusted) nightmare.
While replenishing my water bottle at the company cooler Friday afternoon I overheard some folks saying "See, everything is fine, I told you not to worry. Greece is under control and China is contained". I nearly spit my water across the room...
"Everything is awesome!"
What difference does it make?
The charade will end soon.
Everyone was home reading Zerohedge.
Yeah! I bought a Zerohedge t-shirt. I hope that made it into the numbers.
Zerohedge shirts with the stars and bars? Excellent!
My investment portfolio for 2015/16 is long silver and lead.
Confederate flags sales will make July pop
Start a rumor that the gubmint is going to confiscate guns or ban certain types of ammo. The subsequent panic should help sales figures.
According to all of my walking dead friends and co-workers everything is fine - no worries here...
Wannabe_Oracle
Well said sir.
Anyway, here are the real problem(s), in my opinion:
The money system of living beyond ones means is the root cause of our ignorance and complacency.
Capitalism continuous need of growth on a finite planet is the fuel.
Growing demographic is the tinder.
Lack of enough energy will ignite this fire.
Clearly you have no idea what you are talking about. This is a debt based monetary system, it has nothing to do with capitalism. If this were a capitalist system then we would have had a lot of failed institutions and a reset of the whole system in 2009. The system we have is a debt based fascist system, and any system based on debt must have continuous growth
The system is only "debt based" because there is a monopoly on the "monetary"system. This has everything to do with capitalism. If this were a capitalist system then the monopoly would not exist and, yes, institutions would fail. You are correct in this respect but for the wrong reason.
The essence of capitalism versus all the other *isms is its moral premise. The counterfeiting system is only possible because of the use of force by the "government," i.e., the monopoly.
That civilization flourishes under capitalism and the end result is that there is the highest abundance of values produced is only a bonus. It is not the economics that determines capitalism, or any other *ism. It is the use of voluntary exchange versus the use of force which determines the former and latter respectively.
Again and as always, capitalism is a moral issue (that is, what are individual rights?) and the positive economics is just icing on the cake!
Sorry. There were monopolies before the gov't became one.
Not true. You can have – and for the most part have – capitalist economies without any meaningful individual liberties/rights. There’re many models of capitalism, for instance (to name a few):
Laissez-faire capitalism (the libertarian dream/nightmare – look towards all the failed SAP’s IMF/’The Chicago boys’ have forced down the throat of third world countries (oligarchs) in need of debt and look at places with no or powerless states/civil societies: Somalia comes to mind – should be an economic miracle according to ‘US libertarians’)
Monopoly capitalism (the more normal version were – after some initial real competition – the ‘winners’ consolidate their power in conglomerates, multi-/trans-nationals and cartels)
Social democratic capitalism (the Scandinavian model. Substantial redistribution through taxes – especially on labor. Healthcare, education, infrastructure, pension etc. etc. is provided by the state and paid by taxes)
Fascist/totalitarian capitalism (the state has become a tool of the corporations – democracy has become irrelevant and/or a spectacle at best). Right now this is the global and dominant version of capitalism
The only individual freedom that could be attributed to capitalism is the freedom/right to own stuff. Individual property rights are the only almost sanctified right in capitalism. And it’s only a right if you got stuff you can claim is yours – and if you have the power to back your ‘right’ up with (= that’s one of the reasons capitalists ends up supporting the state, when they got a lot of stuff that needs protection. And/or they see other people with stuff that they need – think the Iraq, Afghanistan etc. wars).
Furthermore, the monopoly on fiat creation is privately owned. It’s not the state that’s counterfeiting – it’s the FED (a private “bank”/debt-factory = an institution to ensure the total enslavement of the bewildered masses to the capitalist oligarchs/the money masters).
The monetary system, the size of the state/state intervention and the amount of distribution are not defining of capitalism
Capitalism is an economic system and a mode of production in which trade, industries, and the means of production are largely or entirely privately owned. We live in an economy were about everything productive/profit generating is privately owned = we live in a capitalist economy. Maybe not the fairy tale version dreamed about by the ‘US libertarians’. Real anarchist (real libertarians) knows, that the power automatically accumulated in a capitalist economy eventually will lead to the kind of shit-show we got today.
That capitalism should be a ‘moral imperative’ is just foolish. The only ‘moral’ in capitalism is you don’t have to be moral – the system cherishes greed, self-centeredness, egoism, materialism and short-sighted gains over long-term sustainability.
You can easily have a huge state, a totally regulated market and substantial redistribution (to make sure the serfs don’t revolt) and still live in a capitalist economy.
But yes, it’s a fascist system – it’s the merger of corporate and state power. However, it’s the first who call the shots – the latter is just a tool. The corporate power is derived because we live in a capitalist economy – the means of production are largely or entirely privately owned.
And yes, libertarianism – the real sort – is left-wing: "Remember that the United States is out of the world on this type of thing. Britain is to a limited extent, but the United States is on Mars. So here, the term 'libertarian' means the opposite of what it always meant in history. 'Libertarian' throughout European history meant 'socialist-anarchist.' The worker's movement--the socialist movement--sort of broke into 2 branches, one statist, one anti-statist. The statist branch led to Bolshevism and Lenin and Trotsky and so on; the anti-statist branch, which included left-Marxists like Rosa Luxumberg, kind of merged with a big strain of anarchism into what was called 'libertarian socialism.' So 'libertarian' in Europe always meant 'socialist.' Here, it means ultra-Ayn Rand or Cato Institute or something like that. But that's a special US usage having to do with the--there are a lot of things special here."
- Chomsky, “Conversations with History”, http://www.youtube.com/watch?v=8ghoXQxdk6s&feature=related " target="_blank">link.http://www.youtube.com/watch?v=8ghoXQxdk6s&feature=related " target="_blank">
Capitalism is much like a shark. It needs to be constantly moving ahead or it dies. Relationships are the same way. (Seinfeld)
The master plan is to get all the native born frogs completely comfortable with amalgamating into the low wage US-based Hispanic serf population of 50 million and growing fast. Ask Hillary or Jeb.
The problem is simple. The US consumer needs more credit.
Exactly!
All debts can be paid as long as the new credit is larger than the current debt…
Borrow more, lower interest rates, print more money, problem solved. Everyone wins --for a while.
As Edward G Griffin(Author, Creature from Jekyl Island) states, in the hidden secrets of money " For a While"
Moar !!!
Let's try giving them 99-year mortgages at -1%.
Sign me up. I'll buy some rental properties and put Section 8 tenants in them. Rinse and repeat. Profit.
Call it normalcy bias,mass delusion or whatever, it has happened throughout history and it is left to other generations to wonder what we were thinking. It is human nature to stay with the herd and it is being exploited by the wranglers today.
"crunch crunch" "smack smack" Got a huge bias going here. Dumbass herd is taking me off the cliff. Don't want to go.
Got me a little doom n gloom woodie goin' here.
Just in from the prime minister of Canada: the econmy is tanking. I have the feeling that we have gone over the cliff and the next BS form the MSM will be (as usual): the second half will be much better! I think the Titanic has already struck the iceberg, it is up to you: run for the lifeboats or continue dancing.
Or go below with the bankers and loot as many staterooms as you can, then get in a lifeboat. And don't worry, there will always be a lifeboat waiting for the bankers.
Save the money printing machine! Money and printers first! To hell with the women and children. After we get off this wreck, we'll print moar money and buy moar bitches. Fine young Greek bitches!
FUCK YEAH!
Somebody will 'save' us. They always do. Unfortunately.........
Altho most of the country only have enough for bills etc., the people that I know who have a bit of money are spending it to prepare for the crisis. if it wasnt for people preparing for the crisis, the charts would even be worse.
Why go out and shop when you can stay home and place your order from Amazon?
Tis true serot.. altho the economy sucks, when I hear that malls are closing down, or stores are closing down, I dont take much heed. Because online stores are taking up some/most of the slack. UPS and fed-x are probably booming, I havent looked lately.
Fedex and UPS seem to be plateau'd.
Bricks-n-mortar are closing down because they are being undercut by online stores, esp. Amazon.
If you like you monopolistic online supplier you can keep your monopolistic online supplier.
From creditor nation to debtor nation
From 20 to 1 worker ratio to retirees
From solvent states to bankrupt states
From gold standard to Fiat
from zero in debt to, well, dont know, have they started the debt clock yet?
From Andy and barney to jacked booted thugs
From a nations Capital that you could pull up in front of the whitehouse to armed guards surrounding it
From a stock market that made sense with the dow having maybe 20pt swings in a day
From "Happy days" to Gay days on TV
I could go on...
from the land of the Free to the land of Gestapo
Land of the Fee, Home of the Slave.
The Gaystapo is pleased.
Not to worry back to school shoping will begin soon.
SOON? Haha, yesterday on the road I needed a quick nibble and a Walmart was up ahead (WallyWorld, I know I know) and I stopped in. Haven't been in one since last October, by blown away by the huge Back To School displays full of shit ... 11 days into July.
End of August I can understand, but this wasn't just a rack - it was a huge fucking space full of all sorts of shit, and that was not just set up that morning I am sure.
Wow! Next thing you'll try to tell us is that stores set up their xmas shit months in advance.
Christmas in July!
Doing my part...Mortgage, utilities and food has made me the good american.
on my way to goodwill, not to be naked
Maybe the people are sick and tired of the crap and are finished participating in this fraud?
Nah...Human Nature is just too corrupted at the core. Most likely their Credit Cards are maxed out and they are flat ass broke and insolvent.
All discretionary income pays financing fees or elevated Necessity prices...or both.
Kind a like...or...where the Gooberments of the World will be because the refuse to contain their own spending?
ObabmCare is eating up all their discretionary money. I've heard some stories.
Am I the only one out of debt here?
Nope.
I think best way to fight back is to max credit cards and not pay.
Graham Chapman: I think all righthtinking people in this country are sick and tired of being told that ordinary, decent people are fed up in this country with being sick and tired.
All: Yes, yes...
Graham Chapman: I'm certainly not! And I'm sick and tired of being told that I am.
Instead of buying bonds? and stawks? the Fed should step in and buy MOAR shit from Wal-Mart and Petsmart and Home Despot!
Just call it foreign aid, to China.
The 70% is waiting for the new i-phone model.
New mustangs, new ford trucks, new chevy silverados, new bmw/audi's everywhere in my town....everything is just fine.
I wonder how reposessions are going for bad car loans. Are they even bothering?
Have they decided to be much more lenient so the sub prime auto market doesn't implode?
I know a landscaper, who owns his own business. just bought a dodge diesel 3/4 ton 4x4 double cab truck for over $30,000 with zero down and 5% interest
He got a truck like that for 30k?! Where the hell is he shopping? Or was it used?
we may have a problem
but we look *fabulous*.
U.S. Air Force Allows Rainbow-striped U.S. Flag at Arizona Base
http://www.tpnn.com/2015/07/09/u-s-air-force-allows-rainbow-striped-u-s-...
That's just gay.
And swishy
And we thought "Zorro the Gay Blade" was a satirical joke.
What's next, Top Gayn?
I guess Disney's Frozen Sales did not help propel anything .
Cant believe you just posted that...got my verizon bill. Twenty dollars higher...So i called to inquire..
Sir you bought "Frozen"...wtf...."ok, thanks"
"uh hunnnny"
Perhaps you should introduce your wife to the wonders of Bittorrent.
I just need another credit card and I will do my part...
Basically sums it up right here:
https://www.youtube.com/watch?v=5NNOrp_83RU
Not funny....here's the REAL reason.... https://www.youtube.com/watch?v=rsL6mKxtOlQ
"then why are the charts doing this..."
Because the introduction of new currency into the economy of productive work is theft, not investment?
Can't have 'America's' first Keynan american negro dipshit 'president' fail...
It's all good..
Buy the bare minimum, starve the government.
Those Jade Helm dudes get their full pay check. Mug those fags.
Took that dick outta your mouth to downvote me? That's dedication!
"As an American Soldier, I will follow the Orders of The Bath House and Kill all Americans who do not obey my orders or the Officers of the UN appointed over me."
I am an American Soldier, Gay and Rainbow Proud.
I hate and loathe my fellow citizens and hope the Bath House give s me orders to kill all of them! My UN and Russian Officers will no doubt give me some medals for gunning down helpless civilians!
I bought a confederate flag today and I'm a yankee
The same folks who are "offended" by the Confederate flag have no problem at all waving the LGBTQ banner in your face non-stop.. And Barry can bathe the White House in the queer banner's colors at night.
They didn't waste any time with that did they. There's no way they could have known what the SCOTUS decision could have been ahead of time, yet meetings were held, and decisions were made, work orders submitted and the rainbow colored floodlights were installed before sundown that very same day. Talk about efficiency in government. USA! USA! USA!
They didn't waste any time with that did they. There's no way they could have known what the SCOTUS decision could have been ahead of time, yet meetings were held, and decisions were made, work orders submitted and the rainbow colored floodlights were installed before sundown that very same day. Talk about efficiency in government. USA! USA! USA!
Remember Chick Fil-A on gay day? My wife and I waited a half hour in line and loved every minute of it. Time to buy a Confederate flag now.
Why? Because fuck you! That's why.
"I am an American Soldier, Gay and Rainbow Proud."
For once in 35 years.. Let the She-male muggers operate outside the base in the tens or twenties.
Ah... I"m probably drunk.
"I swear and dedicate my Honor to Bath House Barry and Communism. The Americna People are my Enemy! I shall fight and defeat them whenever possible, according to my Orders from Bath House Barry, Our Lord and Saviour!"
Starve the Beast!!!
Buy rope, and hang the Govt.
One of the worst was Winston Churchill?
The Only Abe Foxman Interview You Need To Read
https://theuglytruth.wordpress.com/2015/07/12/the-only-abe-foxman-interv...
wow.
Only a problem?
Kkkkkkkkkkkkkkkkk!
- Lack of water in the West.
- 1,000 military bases around the world (that cost the same as the F-35 program, the "flying brick").
- Obesity, Obamacare, NSA, FED printing paper currency to five years without productive backing.
- With military spending in one year what the rest of the world needs to feed five.
Yes, America is an exceptional nation (exceptionally insane).
Ah, there's something else, most countries have in his hymn "freedom", not "democracy" as intrinsic value.
Old man, if you think well what you write.
hehe.
C'mon you guys. Enough with the negativity. We can still out-consume them all.
I plan on doing my part to save the global economy. Sometime this summer I plan to spend $7 on something I really don't need.
I spent $4.89 today on a useless trinket. #doingmypart
$4.99 on a shelter magazine here. Plus tax, of course. Jus tryin' to help.
We went to the gun range....got to buy more ammo now. Doing our part too!
There is no problem as long as debt increases exponentially. All you have to do is go out and make sure you are leveraged to the maximum capacity of your ability to service that debt, and consume as much as you can.
Then, and only then, when everybody is tapped out and the banksters can no longer squeeze one more ounce of blood out of you, then the banksters just come in and take all your stuff for themselves, and leave you with nothing.
That's how a fiat debt based system works. Jamb everybody and then fuck them. So, what else is new?
KABOOOOOOOOOOM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! bitches
Is this how you guys treat America's first Affirmative-Action President? Where's your Hope & Change?
The only thing left is HOPE FOR CHANGE. A deliverate of treason and criminal behavior and we seem unable to do anything about it.
We have all changed jobs into the service sector...I work in California ripping up green grass lawns and replacing them with rocks and natural bushes,etc. I take my wages and pay off my student loan, my car loan, my house loan, my Omygoshcare, my home improvement equity loan, my former medical bills before I got Omygoshcare, my dental loan before I got a dental insurance plan, and my IRA/401K plan (never too early to start saving for retirement)..now what does that leave me for retail sales...let me think for a moment....Ok..not much!
The old saying "whoever dies with the most toys wins" should be updated to "whoever dies with the most debt wins."
Exactly I said to my neighbour the other day every one confuses debt with wealth. He had no idea what I was talking about.
buy the dip,
Speaking of retail, what is up with CVS? This is nothing my aged father likes more than going in and getting some fab bargain with their coupons. But there was no CVS flyer this week in any of his newspapers. And when he went to the store, there was no flyer!!!! And their little coupon machine was not working!!! You know how they always have a million "sale" flags on the shelves - there were none. He was told by the worker there that there were no sales this week. WTF is up; were they hacked or something???
Oh - here is the answer: http://yeswecoupon.com/no-cvs-sales-this-week-are-you-a-test-market/.
Boy, are they going to piss off a lot of old people; this will not turn out well.
Seriously, any one you talk to knows we are in a recession. Why does the MSM continue with the BS? Go on Yahoo or any other news source and all the comments ridicule the cheerleading from the paid shills.
If Americans are consuming less, that's a good thing.
Amerika has lots of problems and no long-term solutions.
Rate of change appears to be increasing, time to re-read "Who Moved My Cheese".
The bright spot: Guillotine, basket, pike, and blade and blade accessory sales are up.
Liberty is a demand. Tyranny is submission..
Save the Whales
Harpoon Banksters Instead
Tesla bitchez knew a dumb black muslim would fix America
It's all over but the bloody part now,.
I don't get the big deal here, just fix the chart.
Get the 0% interest rate cards while you can. There are offers of anywhere from 6 months to 18 months, and a slew of them for balance transfers.
I did this and bought 5+ acres of land with a stream running through it. Nice. Bought a generator, a camper, 100 ounces of silver, and other "prepper" stuff. Am now paying it all back, gradually, Just paid off one 0% CC with balance transfers from others (including CapitalOne... shocking, really). I spent probably $2500 on that card over a year or so, and now have 18 months to pay off the remaining $1500. Not too bad, all at 0% interest.
The best part - sad, or funny - is that my credit rating soared while I was opening all these new cradit facilities, but when I started using them, my rating went down. What a complete con the credit "rating" system is. I haven't missed a payment in over 20 years, but, as soon as I use the credit which the banks gladly promoted, BOOM, down goes my credit rating.
I say fuck 'em. If somebody is stupid enough to offer me money at 0% for 12 or 18 months, I'm fucking using it. Meanwhile, I am hoarding MY cash, MY silver, and my other stuff.
I have no issues paying them back. I have eveything I need to ride out any coming financial storm, thanks to the crooked, stupid, criminally-insane bankers.
My suggestion is for everyone with decent credit to take out 0% CCs and use them. But, don't boost the e-CON-oh-ME! too much, or Mr. Yellen will raise interest rates .25%. Oh, no!
Think logically. If the banks are still offering 0% interest after seven years of bullshit, do you really think they believe the Fed will raise rates?
Hell no. We have another five years of shit at least.
Play the game. Don't be a hater. Use their money for your own good, your own survival, your own prosperity.
From my secret location in upstate NY, I am OUTTAHERE!
Here's what some Chinese (and others) do. They get a Green Card. Ramp up their credit rating, as Asians can do easily. They get dozens of credit cards and credit lines. When they are ready to return to China, they max it all back and get on the plane to Beijing.
There are similar ploys for Americans who intend to stay.
Feel guilty? The Tribal bankers do the same thing with a lot more zero's and you are paying for it right now.
Don't worry, everything is just fine....
who would think paying savers ZERO for 7 years to enrich the rich would have a NEGATIVE EFFECT. Drop the income tax....and just tax all wall street trades regardless of where they occur. Kill the bankers
Look at previous economic collapses and wars. Who survived to live a long, prosperous life? Who became cannon fodder or starving refugees or under the bootheel of an invading army?
Don't be them. Be the guy who fled Germany or Poland with his family and went to Argentina. He was at the opera while Europeans were killing themselves by the milions.
It's a big world and there is always a peaceful place to live. Whenever you start worshipping a piece of dirt and become a "patriot", you just signed up for slavery or death.