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"Tick... Tock"
8 years to fix the malfunctioning heart of the world’s financial and legal systems but nothing was actually done … and now the clock is ticking and there is hardly any time left.
The number of red lights now blinking at us, largely ignored by those who are supposed to be flying this thing, is growing all the time. It is not that any one of them is a clear harbinger of the end but taken together they paint a dismal and coherent picture – of a system eating itself.
What I mean is that every political and financial system, every bureaucracy, public or private is originally set up to do a necessary job. And the duty of those who work in it is to make sure the system doe that job. But when the challenges facing the system change so that the system begins to no longer be able to do its job, those in it have two choices: they can work for the greater good and help change the old system into a new one better fit to the new challenges, or they can ignore the problems, and forget the reason they and the system were created in the first place and instead seek merely to get as much as they can from the failing system before it implodes.
It seems obvious to me that is where we are today, both politically and financially. We are living in the End Times not because some angry supernatural being is coming to punish us, but because we are living in a system, a machine, which we built and therfore can change, but we have forgotten this. Some time in the recent past we crawled inside our machine, closed the last hatch to the outside behind us, and then forget there was an outside. Our leaders are the worst of us. They are the lords of the machine and they are sure outside there is only chaos. We must all save the machine. Their power and wealth demands it.
And yet they do not know how.
“Something Happened” but “Nothing appears to be breaking”
So said JPM’s chief economist Bruce Kasman. He was refering to the recent extreme ‘turbulence’ on the stock markets and the continuing drop in global market values. All I can say is that only a person who lives resolutely in a linear world, despite it being over a 100 years since we discovered that our world in not linear but non-linear, could say such a thing. In a linear world effects tend to follow their causes quickly and clearly. When things are non-linear, however, effects can surface long after and far away from their cause.
Mr Kasman, I suspect, held his breath, waited for everything to fall down and after a couple of days, when they didn’t he concluded nothing had broken after all. He looked at the on-going trend in events and saw they were much as before the inexplicable ‘turbulence’ and concluded that all was as before and the ‘turbulence’ was just ‘one of those things’.
He could be right. But I doubt it. Ours is a non-linear world and we should remember that. Think back to August 9th 2007. That was the day when BNP Paribas suddenly closed three large sub-Prime mortgage finds. The world at large had not even heard of sub-prime. To little fanfare the ECB pumped €95 billion in to the markets to steady nerves. It was not enough. The next day, August 10th The ECB pumped in another €156 billion, the FED injected $43 Billion and the BoJ a trillion Yen.
Five days later Countrywide Financial haemorrhaged 13% of it value. 16 days later Ameriquest the largest specialist sub-prime lender in the US collapsed and on September 14th there was a bank run on Norther Rock. It was a turbulent time.
And then do you know what happened? Nothing. Something had happened but nothing appeared to be broken. The linear pundits went about their crooked business. Six whole months later Bear Stearns collapsed. Its a non-linear world.
And I think we are going to be reminded … again.
ETF’s
ETF’s – have grown to the point where any prolonged large scale exit will exceed the funds available to those who control the funds and make the markets. I think they know this and some time ago those market makers and fund controllers began to boost the credit they could draw upon. Problem is the very banks they are agreeing larger credit lines with, are drawn from the same group of financial companies who make the ETF markets.
I have written about this before - ETFs – A warning which contains links to the posts in which I explain how ETFs work and why they are The Next Accident Waiting to Happen. In short the liquidity choke built in to the ETF market is that the ETF market depends very heavily on a very few financial firms who run the funds and make the markets.
We have already seen in the recent ‘turbulence’ that the ETF market is not so much liquid as fragile. When there is a scare people want out. They withdraw their money which quickly leads to zero liquidity, which leads on to forced selling and as we have already seen prices will dump to far below what the assets in the underlying market are nominally worth. Leading to an even greater pressure to get out.
The ETF market with its promise of easy withdrawal means when there is an event which spooks people and they want out it happens in seconds not days or even hours,
What it means is that this time around I think it very likely the Central Banks will have even less time than they had back in 07-09, to act before the bomb goes off. Which means in turn I expect no creative thought, only a knee-jerk reaction to do again the only things they know how to do despite the fact they have not worked.
Today it is not a bank run that will amplify some large local event in to a global wave, but a fund run.
Where might that trigger be?
* * *
The world in which and for which our old system was built is now changing around it in fundamental ways.
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My 2yo boy says thank you.
Stay resolute mother fuckers. It's about to blow and when it does, a lot of shit will be flying around.
Diversification. CA$H, gold and, yes, even some Bitcoin for those OK with it. This is above and beyond any holdings in stocks, bonds and real estate (last three risky IMO now). But, real diversification will provide about the best overall protection you can get.
Stay out of debt or pay down (sharply) what you can.
EDIT:
Sure, guns & ammo count as diversification too. As do real assets in other countries.
By the same logic one could suicide and that would be considered diversification too. The diversification possibilities are endless.
the tribe made the private debt the public's, by buying all the bad cds from their franchises the banks,
and then the banks bought the whole market going along with the feds mandate,
of enslaving a free people to debt, and capturing all assets through boom and bust it creates with money printed out of thin air.
ah dishonest joobux so much better than honest money backed by reality..if jew.
Judenfetzen, history repeats itself.
Things are about to get ugly. But the collapse will be deflationary. The gold bugs are about to get caught with their pants down. King Dolla is about to get very valuable.
The ONLY asset class to APPRECIATE in a Deflationary Meltdown is GOLD,
All other asset classes...all of them...DEPRECIATE.
Before you post such NONSENSE on a Financial Blog, using it on a VAIN and NARCISSISTIC attempt to redirect traffic to your own you ought to study, IN DEPTH, the last Deflationary Depression, the Great Depression.
If any idiot is ignorant enough to follow your "sage wisdom" then they deserve the lack which they will have.
I can see short term liquidity paper gold dump....physical premiums will rocket.... might be good paper trading opportunity.... If the market is still operating.... and you are content with final settlement in USD....
Can't really see the point.
You see how the flat out bloody fishing leads to a dr visit yet bitches! If not, you will soon.
In really heavy deflation, it can become difficult to acquire even the basics of life. While gold is a good hedge, you cannot eat it.
Best get yourself a store of food and everyday items you use on a regular basis. Once you have that, put a fair amount of your resources into gold.
I repeat: you CANNOT eat gold. But it is a good place to store your excess wealth once everything else is in place.
Welcome, new member.
Did they send you over from CNBC to discourage gold investment?
Oh, you do eat gold? If there is a major food shortage you will give me ALL your gold for a single meal. Or you can eat your gold but I am not so sure of it's nutrional value. Good Luck, fool!
FractalParasite, You must be a bot, because this is the same exact statement you wrote on another post.
Yes, unfortunately, we've got a growing number of people pimping their two-bit sites here. Calling them "vain and narcissistic" is being kind, Tom.
Fucking idiot.
In the coming deflationary and fiat crash (where prices drop like rocks and fiat is powerless to prop price up) ALL "faith-based-notes" issued by the nationalized central banks will be shunned as the worthless script paper they are.
Even when you're offering something of value at say 75% off what it was just last week, why would any merchant or tradesman in their right mind accept a bank note as payment that will become 50% LESS than what that note was only yesterday by the time he tries to use it again for his own purchases tomorrow?
Get your head out of your ass, pull your pants up, keep your hands & arms inside the car at all times and enjoy your ride through Fiat Hell.
They will tell you that they had to put it somewhere.
Judenfetzen, history repeats itself
Unfortunately, the Doomsday Clock has no "Snooze Button".
Klink, what do criminals do with crowds? They HIDE in them.
Uncritical people focus on the crowd, NOT THE CRIMINAL.
Let me help you out. The criminals are the Debt-Money Monopolists. The Rothschilds are likely at or near the top, along with European Royalty (German / Transylvanian) and NOT Jewish.
How many Jewish people know the actual mechanics of debt-based money? Almost none.
How many Zionists know the mechanics of debt-money? Almost none.
Why? BECAUSE THEY AREN'T THE CRIMINALS!
They are actually victims of the criminal Debt-Money Monopolists.
That's why 200,000 Jewish people hit the streets in 2009 TO PROTEST THEIR DEBT-MONEY MONOPOLIST FINANCED AND CONTROLLED ISRAELI GOVERNMENT.
Stop being played and start to become a player.
But, but, but... irrational hate is just to comfortable to let rationality disrupt it.
Well stated 4 Chan.
I'd add storable food (at least a years worth), but otherwise you are spot on. As an example, when one, such as gold, tanks another such as cash will come to the forefront. Only to be replaced by gold later on.
With diversification you can take advantage of a large increase in value in one area while holding the other. Then, the other will increase in value even as the first loses value.
It is a good situation to be in. First and foremost though you have to eat.
Welcome, new member.
Did they send you over from CNBC to discourage gold investment?
You must be a bot, because this is the exact statement you wrote on another post.
Time to think locally because everything large scale is collapsing in the way an avalanche starts, with just a few pebbles moving......
Mosdtly lead bulion at 1400 fps...
People are pretty broke and some look desperate. While I sat in the mall with my main squeeze sipping a $6.85 Starbucks something of other with whipped cream on it, some of these smeagles were drooling as they walked by like 1/2 Zombiefied already. Few people bought anything any apparel over $15 and it was crazy how many sales, cashbacks, discounts, etc were going on. Stell, there were piles of clothes all over! Americans are so broke they cannot afford even this stuff discounted 90%!! I could not beleive that tea shop selling tin ytins of tea for $95 is still open. wtf?!
QE has been a boon to bankers who now live better then ever, but for the average American, it's been horrible. To make matters worse, joblessnees has skyrocketed and those with wages have not seen an increase for years.
... and yet Barry rages moar an dmoar wars.
I have not seen American leadership -- all three branches -- in such bad shape as it is now in my lifetime.
What kind of a cheap bastard buys an effin' Starbucks Latte for $6.85, CheapBastard? And what kind of cheap bastard would even walk into a fucking starbucks, CheapBastard?
You are making an assumption. His girfriend paid for it
And... they shared...
How do we know his main squeeze isn't a dude? After all, the situation he describes being in is not one a real man would choose.
Maybe his main squeeze is a rubber chicken instead of a real woman? This is Internet don't forget and he could really be a dog with a keyboard & a modem, eh.
... with a gift card
I call that place DumbFucks because that is majority of their customers.
The problem is circular. How much of the pile of clothes you mention were made in the USA? If we and they bought clothes and most other things in the USA they quite likely could afford things.
Anyone who would buy a cup of coffee for $6.85 is already a zombie.
It wasn't a cup of coffee it was a 'latte'. The cool, hip name adds $5 to the price.
He will rue the day he didn't spend that money on socks. Note that I did NOT say, 'stawks.'
What difference,at this point,does it make ?
Ambrose Bierce on our political elite: "Strife of interests masquerading as a contest of principles and the conduct of public affairs for private advantage."
At least with socks, I could hide MY cankles.
The clothing scam is a great indicator of how uck-fayed we really are.
Find a pair of Levi's 505's. The classic, basic blue jean. It's at least $50 wherever you go. The fabric is a fraction of the weight it used to be. A decade (or more) ago, the denim was the right weight, and the 505's were $30. I still bought off-brand, because I too am a Cheap Bastard, but the denim was heavy weight and the stitching didn't rip out if you bent over or put something in your pocket. But what you could get for $30 a decade back, is now not available from Levi's. So that's what, infinite inflation? Or you come up with some agreed-upon modifier, and say it might be $75, or half-again the lightweight denim with spandex 505's you get today?
Next, consider the $15 apparel that was "discounted" 90%. That T-Shirt came out of the factory in Bangladesh with a $150 pricetag?!?!? OK, slightly extreme example. But I've seen store-brand button-down oxford shirts priced at $20, supposedly 50% off. I would never pay $40 for a store-brand oxford shirt. Especially not, because over the past decade or so I've learned I'm going to have to sew the buttons back on in the first half-dozen wearings. Like I have to re-stitch most pairs of shorts I buy, even Dockers brand.
If I compare price and quality, I would say the price of clothing has doubled (conservatively) since 2005. Personal incomes have remained the same, outside the top 5%. Even prices for used clothing at thrift stores have more than doubled over the past decade. But there are still some decent-quality clothes available there, if they weren't too stretched out for the land whale that finally outgrew them and gave them to the thrift store.
And new-clothing stores can only sell this disposable clothing by pretending it's on sale? You are supposed to believe it was originally priced at top-end Designer boutique levels? For cheap, lightweight crap made in a 3rd World sweatshop? When nearly free labor can't keep the price down to a level where it's affordable and there's still a profit in it, then the quality has to be eliminated. Soon enough you'll just get some fabric and a pattern, and you can stitch it yourself. Where is the money that you pay going, if it isn't going to labor, fabric or stitching? It's going to Finance. It's going to stock buybacks. It's going to executive compensation packages. It's paying handling costs on money borrowed to run the actual business because the money earned was spent on the above items.
One fine day, coming soon enough, we'll need to go buy new pants because the stitching dissolved out of the ones we bought for $40 (on sale, reduced 50%!) 2 months ago. By the time we get to the mall, the C-Level Executive suite will have cashed out enough that there isn't enough money left after stock buybacks to actually pay somebody to open the store. So there we'll be, standing in the slush with our asses hanging out of the back of the barely-stitched pants we just bought, wallet in one hand and ass-cheek in the other. In front of a door with a bicycle lock through the handles, wondering what we're going to do next.
We're fucked.
Mr. Yeller will save us from peril.
I just bought some socks and brewed some tea.
Warm tea and warm feet.
Keep it simple.
You're halfway to Earl Butz Nirvana.
Who will save us from the Yeller Peril?
Look here, you rich people: Weep and groan with anguish because of all the terrible troubles ahead of you. 2 Your wealth is rotting away, and your fine clothes are moth-eaten rags. 3 Your gold and silver are corroded. The very wealth you were counting on will eat away your flesh like fire. This corroded treasure you have hoarded will testify against you on the day of judgment. 4 For listen! Hear the cries of the field workers whom you have cheated of their pay. The cries of those who harvest your fields have reached the ears of the Lord of Heaven’s Armies.
5 You have spent your years on earth in luxury, satisfying your every desire. You have fattened yourselves for the day of slaughter. 6 You have condemned and killed innocent people,[a] who do not resist you.[b]
Gold and silver corroded!?
What da fuck?
Are you some kinda douche bag or what?
I think 'douchebag' is one word, Pure Evil.
GOLD AND SILVER ARE CORRODED !!!DID WE NOT COME OFF THE GOLD STANDARD ASSHOLE???IS NOT GOLD SEEM CHEAP NOW? AND SILVER WTF ???ITS IN THE BIBLE !!!!YOU MUST BE A RICH MAN !!!PREPARE TO WEEP AND MOURN!!!!I WILL TELL YOU WHERE YOU CAN STORE YOUR TREASURES!!!"Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. 20"But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal;…MAY THOSE WORDS BURN LIKE FIRE ASSHOLE!!!!
@smash
Get some fucking help...
Hey, Smash, if you said the exact same thing without Biblical identifiers, most people would agree with you. Florid language can go over pretty big on The Hedge.
The problem is, over the centuries everything related to religion, organized or otherwise, has been used to justify anything one can imagine. Everbody always thinks God is on their side, and there's someone in clerical garb whose meal-ticket depends on spoon-feeding that to them.
For those who are truly devout, and not just working an angle, I would say, come up with a new context and set of metaphors. The old ones bring too much baggage. The clever among us will see what you're doing and we won't mind, because we know all these metaphors already existed long before humans had writing to create these texts in the first place. Humans do as humans do, regardless of location, context, culture, or level of technology. That's why Shakespeare, Sophocles, and even the Epic of Gilgamesh are still worth reading. Or the collected folklore of a certain nomadic desert-dwelling middle-Eastern sun-worshipping tribe. But many of us have gotten sick of them. We've heard their stories too many times, told to us to justify what's about to be done to us yet again.
Gartman switches to perma-bull: total collapse confirmed.*
*Hypothetical, just waiting for it to actualize
I would have 'liked' that status but don't identify myself as the type that would have intercourse with his mother!
Maybe that is what they want.
I don't see how any of the plans we see in motion out there by the world elite can have a purpose without death in the equation.
You forget that the world elite have many funds at their disposal and will save the ones closest to them. The real elite will not be harmed. They know what is coming and have planned it as best they could. There is always the black swan event though.
the police state exists to protect the top .000001% from the bottom 99.99999%
Yes they have and that's why the next revolution can't be violent. Violence will only drive the majority of the people into the arms of the current elite, who will be able to at least provide the basics to them even if they end up recreating slave conditions, the average person will chose that for their families over chaos. This has to be a well thought through denoument. We need the best and the brightest to be participating and not worried about where their next meal is coming from. The supply systems have to be maintained. Order has to be maintained and the rule of law has to be maintained. There will be fractures occuring all over the place. Parts of the armed forces wlll side with the eilies and parts will side with the citizens. Foreign powers will try to interfere. Currency systems will break down and new ones will spring up only to fail.
The one thing that has to happen for sure is that the people who would undermine what is being created will have to be identified, exposed and exiled permanently. We need citizens who will do the right thing, not citizens who will only do what is convenient and best for them alone. There are so many issues to be identified and worked through it is virtually impossible to know where to begin.
The next revolution, like every one before it, will be against the political, and not the moneyed, elite. The moneyed elite will starve the political elite of the funds to pay their armies and feed their slaves. And then the armies and slaves will unite in violent uprising and throw off the visible shackles slapped on them by the political class.
The moneyed elite, however, will simply take the opportunity to take back what they invested in the former politicians, and spend but a fraction supporting the new ones.
The police and armed forces will side with the elites because that's where their paychecks and three squares will be coming from.
That's what they've always done. Some of us like to fantasize they'll protect us, because they were born and grew up with us in "The Real America." But that's not ever how it works, never throughout history. The police and armed forces are the ones that were rejected and forced out by their home societies. If their society growing up had had a place for them and something for them to do, they'd be doing it and wouldn't be in the police and armed forces. They'd be farming, or running the hardware store, or making or fixing things. But they're not. And they aren't loyal to those with whom they grew up; they're bitter and angry at those who rejected them and sent them out on their own to live by their wits, and all they found that they could do was join the police and armed forces.
This goes back to the dawn of civilization. Who made up the Roman Legions, once Empire had set in to the point they no longer had citizen-soldiers but only all-mercenary forces the way the US has now? Nobody who has had to take up the life of a mercenary is going to be benevolently nostalgic for the home-village that forced him out to become a mercenary or starve.
Our cultural mythology still thinks we have citizen-soldiers and hometown cops, but that hasn't been true in my lifetime and I just turned 49.
When the 99% no longer pay taxes, the elites will take over the police as a private army.
When the SHTF, I'll value the 2nd Amendment the most I suspect. When I look aorund and see how ill-prepared people are, it's scary.
Pretty upbeat article for a change.
Cant they just decide at their bohemian grove meeting in the next couple weeks to just get this over with already. One hard working American that is tired of this shit. Turn zCERN up and bend over
Actually, the Federal Reserve was created to do an unnecessary job. It exists to plunder. Those in power won't stop plundering. Ever. But they will be stopped. Thus the Digital Cash Alliance.
You mean the "Better Than Cash Alliance"? Brought to you by the Bill and Melinda Gates Foundation...
It's all a pyramid scheme built on perception.
That is why it can go up in smoke in the blink of an eye.
The crash will not be televised.
The crash will not be televised.
Interesting article IMHO.
Just a suggestion,
This is a slow motion train wreck, that's going to take years to sort out.
Over capacity, and hidden inflation, are really going to cause problems.
20 to 30 years Yen, you're way too optimistic.
Look here, you rich people: Weep and groan with anguish because of all the terrible troubles ahead of you. 2 Your wealth is rotting away, and your fine clothes are moth-eaten rags. 3 Your gold and silver are corroded. The very wealth you were counting on will eat away your flesh like fire. This corroded treasure you have hoarded will testify against you on the day of judgment. 4 For listen! Hear the cries of the field workers whom you have cheated of their pay. The cries of those who harvest your fields have reached the ears of the Lord of Heaven’s Armies.
5 You have spent your years on earth in luxury, satisfying your every desire. You have fattened yourselves for the day of slaughter. 6 You have condemned and killed innocent people,[a] who do not resist you.[b]
Look here, you rich people: Weep and groan with anguish because of all the terrible troubles ahead of you. 2 Your wealth is rotting away, and your fine clothes are moth-eaten rags. 3 Your gold and silver are corroded. The very wealth you were counting on will eat away your flesh like fire. This corroded treasure you have hoarded will testify against you on the day of judgment. 4 For listen! Hear the cries of the field workers whom you have cheated of their pay. The cries of those who harvest your fields have reached the ears of the Lord of Heaven’s Armies.
5 You have spent your years on earth in luxury, satisfying your every desire. You have fattened yourselves for the day of slaughter. 6 You have condemned and killed innocent people,[a] who do not resist you.[b]
Look here, you rich people: Weep and groan with anguish because of all the terrible troubles ahead of you. 2 Your wealth is rotting away, and your fine clothes are moth-eaten rags. 3 Your gold and silver are corroded. The very wealth you were counting on will eat away your flesh like fire. This corroded treasure you have hoarded will testify against you on the day of judgment. 4 For listen! Hear the cries of the field workers whom you have cheated of their pay. The cries of those who harvest your fields have reached the ears of the Lord of Heaven’s Armies.
5 You have spent your years on earth in luxury, satisfying your every desire. You have fattened yourselves for the day of slaughter. 6 You have condemned and killed innocent people,[a] who do not resist you.[b]
The pesky thing about the force of Control is that it cannot resolve itself.
The force of Control is really nothing more than Corruption working in concert in disregard for the Mission.
It keeps eating things up until it can't, only because there's nothing left to eat...
and by then, the Mission will have changed.
So worry about the Mission first, and work backwards from there...
with some urgency, of course.
My Hero in a bar fight is the guy under the table holding an empty bottle like a club.
when the shit hits the fan be the guy with his hand on the switch
the boy scout motto... be prepared. or as my karate instructor always said. if you are always assuming the guy next to you is going to hit or shoot you, if it ever really does happen. he will be really surprised, when you hit him back first.
hedge accordingly
If it will help this discussion. The following is not conjecture. The following is not wishful thinking. The following is reaction to a brewing crisis that has been germinating since, let's say 1913. The following is the enumerative actions of forward thinking some 35 years from the present:
1) Going down in the next 90 days to 6 months as of announcement on 3/24/2015. (counting from 4/1/2015; t-minus ~18 days)
2) BRICS announcement of new world reserve currency and central bank system. Probably the petro-yuan to start. Better a gold-backed yuan. China has [estimated] 10,000 metric tonnes of bullion.
3) Federal Reserve System will collapse and the USD "petro-dollar" with it.
4) USD tied to US stocks and bonds, markets will crash completely. Do not own US stocks and bonds. Sell them now, unless you think yourself genius enough, or have inside info to hold onto them to the very last minute to max profit.
5) 30 to 60 day period of adjustment post collapse.
6) Healing process to purge the venom (derivatives) in the present monetary system.
7) There will be bank runs. There will be distribution disruptions in food and other consumer goods. There will be a shock in prices temporarily.
8) Black markets will prevail for a time for certain goods. Especially guns and ammo. The internet may be shut down temporarily during this transition.
9) Checking accounts are not FDIC insured. Only savings accounts are. Have no more funds in your checking account than you need for immediate needs. (current bills, food, consumables).
10) Those that have (physical) gold and silver on hand, prepare your face for a big smile. Gold will at least double overnight. Same for silver. And will probably double again through the transition period, depending on how long the transition is. (Confirmed via Bill Holter and Jim Sinclair in the last 30 days)
11) Good to have a line of credit tied to your metals to a present BRICS nations banking system to their currency to best endure transition period. (Brazil is probably a good bet.)
12) Many uninformed, and/or simply incapable citizens will be left out in the cold. - Prepare your heart to be a good Samaritan to those that ask for help. Especially family and friends.
https://app.box.com/s/hfgvcqg7gqh7i27at6sv53ywu87lwarp
Good post.
I think it will be more catastrophic personally. THe Western leaders will not let go without a fight.
I had heard the result of these 'hacks' could be released over the internet. Putting the crimes of the 'Illuminati' all over it.
Whatever happens I have prepared. No one around me has and I'm sure they will expect me to help them if it goes down. But I told them and they didn't prepare, and my health is quite delicate since i have diabetes.
So I don't think I will be giving my food away to these people! But if I have reason to believe I won't need a 30 day supply it might be OK.
Thanks JC,,,
Phoenix, yer right, the leaders (I shudder to call them that...) will not go down without a fight. My opinion is this: The "civilian" army that Lord Obama promised us will quickly show little will to actually fight. They like sopping up the gravy of a taxpayer funded lifestyle, but they will have no taste for bleeding for the elite war pigs. They will be quickly overwhelmed and waving the white flag. Then it's just a matter of flushing out the rats...
Anthem to the War Pigs: https://www.youtube.com/watch?v=gOyWO2K9Crw
Dylan rocks!!!
;-D
I think you have vastly underestimated the amount of gold that China currently has. I suspect that they are sitting on well in excess of 30,000 tons. However, other than that I think most of what you say could very well come to pass. The question is: is this a GOOD thing? Is having the BRICS nations in charge of the currency system really any different from the FED, in the long run?
In the short term, I'd say yes, it will seem like a relief... but: those at the top of this scheme, at the BIS level, have ORCHESTRATED all of this global chaos so as to institute a GLOBAL CURRENCY. The BRICS gold-denominated Yuan is just one stop along the road to an eventual DIGITAL currency, in a world that has become averse to CASH...but which will then become prone to TOTAL CONTROL. Unless, barter!!
Unfortunately, I think things have progressed too far to turn back the globalist's plans completely. Maybe we can make some inroads and keep them from decimating humanity and actually put some of THEM away, but: if we don't get them ALL, all of what we have witnessed here WILL happen AGAIN, as it has for at least the last 700 years (and actually back to the time of Sumer in Babylon).
I do see chaos and misery in the short term, due to all of this orchestrated bullshit. However, I think there are enough awakened people now around the world that - IF WE STAND IN OUR POWER - *WE* can dictate what happens afterwards. Let us pray that this is so.
Both of you have great points: But! Is the PRC really in good fiancal shape? I am also convinced they understate their Au.
Could we see them forced into a type of Au system by default??
Nigga please!
Checking and savings accounts are both FDIC insured.
But, with over 14 trillion in bank accounts nationwide and the fact that the FDIC has approximately only 32 billion to back up their insurance plan I would surmise the possibility of extracting your funds from the bank would be nearly impossible in the event of a system wide implosion.
Yes, in fact. Most everyday people have their meager assets in something that is FDIC-insured. As if, as you point out, that will help them.
That's how a lot of things are going to work. Our normalcy bias in the US denies systemic counterparty risk. My money is in the FDIC-insured account at the stable mainstream bank. What do you mean I can't have it, I have to fill out a form and wait 90 days minimum and then maybe get a certificate of stock in the bank which I'm not allowed to sell or redeem for a year?
Or, I pay all my bills and taxes and fees. What do you mean I have to take my garbage to the dump myself? Or the police won't come to write me a report to take to my insurance agent, who won't process any claims with or without the report? Or that my kids can't get a bus ride to school? Or the school which guarantees an equal and appropriate education to every child, now claims that they don't need to offer Special Ed because they don't have any severely-enough disable kids to require it, including the 12 year-olds shitting their pants, sitting in it facing the corner flapping their hand in front of their face making beeping noises?
Sure, you'll get everything you've been paying for. But it will turn out to be worthless. All guarantees will be off, and your counterparties will just show empty pockets. You'll be able to fill out a form, of course.
The Lee Wanta thing was covered pretty heavily by Christopher Story way back in the day....before he was assassinated, that is, in July of 2010. His old website, worldreports.org, was some seriously fascinating, and sometimes very dark, stuff.
Not gonna happen, because people don't want to live in BRICS countries.
The dollar (or euro) will always be preferred, for as long as people would rather live in Vienna or New York than in Sao Paulo or Riyadh or Bejing or Moscow. Examine immigration patterns (legal and illegal) and foreign real estate purchases for all the evidence you need.
Further, the dollar will always be preferred (and valuable) for as long as the U.S. military is overwhelmingly dominant -- and there's no chance of a serious military rival to the U.S. within the next 100 years, and probably ever. Oil really doesn't have much to do with it. The petrodollar is a consequence of dollar hegemony, not a cause. Dollar hegemony is a consequence of American military power and cultural domination, not a cause.
It is likely that America and the west will remain culturally and militarily dominant until the nation-state system is dissolved and replaced with world government. (Timeline: hundreds of years.)
To paraphrase Yogi Berra, "If the people want to hold dollars and live in the West, you can't make 'em."
Hey China. We're NOT a service economy.
You're trinkets are over filling our landfills. Ask El Presidente' O'Zero about that one?
Bubba and the witch probably know way more about it than the poser. That fake phony fraud is most likely given info on a need to know basis.
A old punk who loves challenging geopolitics and our cuntlicking Federal Reserve chairperson.
Death In June - Tick Tock - YouTube
I look forward to the day when the drop from the gallows is linear, until it stops!
ETF = exit the fire
Good one Atomizer...
;-D
There is an inherent trickle up in the current system that allows the rich to take from the poor:
a) Those with excess capital invest it and collect interest, dividends and rent.
b) Those with insufficient capital borrow money and pay interest and rent.
This is the mechanism within Capitalism that looks after the idle rich.
The Duke of Westminster can inherit a vast fortune, get an investment banker to invest it wisely, live a life of luxury and leisure and leave an even greater fortune to the next generation, all thanks to Capitalism itself with no work whatsoever.
Capitalism is the benefit system of the wealthy.
To combat the massive trickle up inherent within Capitalism you need the following:
1) Those at the bottom have to be paid enough to keep the whole food chain above going.
2) There is a redistribution from the rich to the poor via taxes.
3) Helicopter money fed in at the bottom.
With none of the above currently sufficient to curb the trickle up, the system is dying through lack of demand.
Where the current system confers such advantages to the elite they are going to wait until we are on the edge of the precipice before they consider changing it.
Why allowed them for another 8 years is my question
When the time comes, they won't have 8 minutes to prepare, surprise is key element, without that they will carry on forever.
1oz Silver American Eagle €13 @ EurGold
https://www.eurgold.eu/silver/american-eagle-1oz-silver-coin-1-dollar-le...
The article is a great reminder that the system took its major downturn in August 2007, it has been 8 yrs and soon enough a decade of economic rough times for the West. Another thing happened in August 2007, a subset of the largest part of the bond market completely froze that month. I remember watching the announcements of Fed Reserve actions with the discount window, and other strange steps I had never heard of before, and then one day, probably after Bear Sterns and Lehman, I gave up on keeping track of all the interventions since it was overwhelming. I can only hope that something good for the middle and lower classes happens sometime in the near future so that there is a good future for most of human kind.
Looking back on 9/11 I'm amazed how American anger was transformed to placate muslims at any cost. 20/20 hindsight here brings clarity to the real cause of TPTB. The second part of this is dilute voters who oppose at any cost through wholesale importation of immigrants so that the bread and circus economy can be maintained. They will continue this dilution of those of us who work until the plowshares are . . . well you know the rest. TPTB make it rain where they need to in order to buy their power, but the dissent is constantly growing. intresting
Watched the History channel re-run of 9-11 and several people on the streets were advocating bombing the Middle East down to sand. Now we let mosques get built all over the country to train radical Muslims.
The mistake that they made was the ones making all the big money dont work for it, they just send out huge bills to the ones who do work for it.
Thats the mistake they made. They want themselves and their buds to live in big mansions and buy bigger yachts so they just raise the price's on the working class.
like magic! without lifting a finger, they are richer and the working class is working harder and longer.
That to me is the mistake they made. Money should be a reward for work performed, not an award for showing up at some office and watching a building full of cubicles and computers spit out bills.
So their answer now that they have sucked the American workers dry is to print more USD's for us to send to the lazy bastards while they head on over to China to suck the Chinese labor force dry.
Well beyond ETFs, stocks, and bonds - every bubble asset is going to crash - and that especially includes real estate that is priced well above the affordability of a low wage workforce. Worse, is that asset deflation will be happening during a fall in the dollar which will ripple through the economy and raise certain other prices. But what you will really be seeing is a great cutback in spending - already a trend with boomers - but intensified by falling stawks. And when you put lower spending with the rest of this you get a depression.
The BIS Quarterly Review for September 2015
Tell us what you really think fuck noobs.
LTV is being displaced by DSR's. Right before your eyeballs. Better download that phone application to determine credit rating.
I wouldn't do it. Understand the new bullshit being pulled off.
In my first brokerage job in the 1970's my boss used great analogies to put financial events in to complete perspective. I can hear him saying “the internet crash was a car (markets) wreck that Wall Street put new tires on. They got the car moving again and then they ran the car into a brick wall in 2008 that killed the engine. Now they are using a QE stick to push the car but it’s not working. After they take the QE stick away from pushing the car it rolls to a stop. If they don’t get this car moving quick they are going to see this car junked (market crash). …”
30 secs before midnight
tick tock. tick tock.
Living inside a broken clock.
There. Fixed it for ya.
Millenarianism is still a religion (or superstition) -- with or without a God.
Tick...fuckin' Tock ...
A rate hike by JAN is a lock.
Yellen is as dumb
As Berneke's middle thumb,
While Rubin and Weill have sold all Citi stock.