Debt Rattle August 28 2019
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Salvador Dali Cadaques 1923 • US Yield Inversion Deepens, Stokes Recession Fears (R.) • Ex-NY Fed Chief Bill Dudley Urges Jay Powell To Prevent
[See the full post at: Debt Rattle August 28 2019]Salvador Dali Cadaques 1923
I really like that Dali…and I’ll be damned if I can say why…
I just like it…
The rest is truly beyond me, and it becomes increasingly apparent, it is beyond our ability to change anything in a meaningful way…
Too stratified; too disorganized; too beaten down to respond; thus the abdication of all our power…
If that doesn’t describe an end of something; then I have no idea what does…“Ex-NY Fed Chief Bill Dudley Urges Jay Powell to Prevent Trump Re-Election (ZH)”
As explained by both Dudley and Durden, the Fed was running the nation and picking the President by raising rates. They had not raised rates in what? 5 years? They were still doing stimulus right through the recovery and far beyond. And the minute DJT is in they both withdrew balance sheet AND raised rates steadily.
Now Trump, having at least the common sense of a jellyfish, then did what no other President has done and pointed right at the Fed. Why? Maybe because they were the ones doing the actions?
Going to show how slavishly sycophantic each and every individual was since Wilson was wetting the bed, the Fed couldn’t believe this. How dare he not play along to his own destruction and shine a spotlight on our market and election rigging! Well, I never! Since when should we have to take the consequences of our own actions? Me and my kids didn’t buy our way into Harvard and lose $1 Billion dollars in the endowment fund to put up with this kind of treatment!
So this is their response, their counterattack. They are trying to get the narrative back on track that it’s not the Fed raising rates every day Trump is in power, but that Trump trying to cut inter-nation deals that is causing the Recession. You know, the recession the media has never reported in 100 years until 2 years AFTER it happens (BuyBuyBuy!), but now breathlessly report BEFORE it happens.
We’ll see which narrative is believed, but A) the Fed not only got revealed by Trump, more importantly THEY just admitted they run the President and make claims to be so far above him, the President-should-know-his-place as our servant. Don’t think people aren’t watching that, proving what people like me have been saying for 100 years with mountains of nonstop evidence. Oh and B) the people are not in the mood. Half dream of burning the Fed down and scattering the ashes to the wind and the other half dream of burning it down and handing the Fed to Congress to print unlimited MMT/UBI money. Either way, it’s over for them. And their 100-year market rigging = wealth extraction = income disparity alien dreadnaught machine.
And then? Well you know my feelings, but it has to go to something real, that can be trusted and proven. Because no one believes Dudley OR Trump, and rightfully so.
“Comey Confidant: Expect Andrew McCabe to be Indicted Any Day (GP)”
What’s taking so long? The Fed’s Reserve Note has value ONLY because of their insider power and confidence in their system. If McCabe goes down, that system is having a civil war and its insiders do not have power, somebody else does. So the US$ crashes (ultimately). So you want to push the big red button on that? World finance, world economy, world food and oil shipments go down. World blame is assigned. Someone gets conquered, someone gets nuked. Ready? I would, Fīat jūstitia ruat cælum, but not a man but has found his balls in 100 years around here, so I’m alone in that, the only moral man in 100 miles, and I would run away and only won by them abandoning the field.
Anyway, hope you got all the Cheetos you wanted to eat, because shipments may be disrupted for a while as they financailly ring-fence us. Like for 25 years. Ask Russia.
“Hong Kong Protesters Say They Have Nothing to Lose (R.)”
When I was saying China is a different place with different rules, it wasn’t to say I don’t hope they win. I do. And men fought just as these after Locke and Voltaire against the same kings and kingdoms. However, a map will tell you that Hong Kong is a speck on the pimple on the nose on the face of China. China has collapsed 100 times by humoring splinter rebellions like this and it is a mortal threat. And the protestors are so coddled, so privileged, apparently they are clueless about what they have to lose: in mortal conflicts like this, they, their city, everyone they ever met, knew, read, or have known, can be murdered and left to rot in a field, their children’s faces pointed at the crows, the whole city leveled and uninhabitable for 1,000 years until history itself has forgotten Hong Kong even in name. Is freedom worth THAT?
“Bruce Wayne: “I’m not afraid of you.”
Carmine Falcone: “Because you think you got nothing to lose. But you haven’t thought it through. You haven’t thought about your lady-friend down at the D.A.’s office. You haven’t thought about your old butler. Bang! People from your world have so very much to lose. Now, you think because your mommy and your daddy got shot, you know about the ugly side of life, but you don’t. You’ve never tasted desperate. You’re Bruce Wayne, the Prince of Gotham…”P.S. 36 people arrested. Versus THAT risk, with 1.5 million protesting? They just arrested 36,000 Mulsims for amusement. China could not possibly be more coddling than they are at present.
“Business Group Warns On China’s Corporate ‘Social Credit’ Plan (R.)”
Speaking of a tyrannical China, this is what was supposed to happen when HRC promised to get us into a world war which would lead to a civil war under the Soviet 1917 plan. Then China + the other fascist corporations, now more powerful than governments, would install this system on the collapsed, exhausted United States. You can’t stop some of these big wheels once in 30 years’ motion, and this is one of them. But since that’s against not only every law in the U.S., not only against every principle held by the people, but also against corporate profits (see CNN), who is pushing it? No, really: I need to know, since what they are doing is illegal and they need to be questioned and indicted.
“Up to 30 Jeffrey Epstein Accusers to Speak Out at New York Court Hearing (G.)”
Someone may have forgotten they don’t need Epstein and in fact are better off and without him can now search the island . Why? Because he wrote everything down, has bunkers full of blackmail videos, and every participant is alive, on tape, and just as guilty as he. That being the case, pretty happy he’s gone, although too easy. We then move on to “Person 2”, “Person 3” through all 5,000 members of the 0.001%, arrest them one by one, adjudicate them, and legally confiscate all their fortunes. Hey, wasn’t that an executive order back in the first week of office? Who knew? But it was all an accident and Trump is an idiot.
Arrest, adjudicate, and confiscate everything (then take my kids) what they’d do to me if I didn’t pay a parking ticket. Don’t do the crime if you can’t do the time.
“Purdue Pharma Offers $10-$12 Billion to Settle Opioid Claims (NBC)”
But if they stop, red-hat wearing people will live. Then how can I rig elections? How can I steal their stuff?
“Near-Total Ban on Sending Wild Elephants to Zoos Agreed (AFP)”
Do they not know what a mess elephants make? They tear up whole towns for amusement. What they need is space, habitat. Keeping them at home: great! Now those brown people can pay the high cost of death and destruction so you can feel good. So if you care, why don’t you buy the habitat, and not the individuals. Like us, they are expressions of their environment, and you can keep a black rhino, but they will be aliens without a home planet, doomed to wander for all eternity. They are your brothers, don’t make them homeless.
“let’s develop the blight-resistant crops that will feed the world.”
GM crops are not more productive than standard ones, often they are less. However, they are patentable, which vertically diverts profits to single points, and wrests control of food, and thus all humanity, into a few hands, with no escape. The ultimate extortion and terrorism. But let’s start with the obvious: GM crops DON’T WORK. They are more expensive and less productive. Do you like money? I like money.
” ,,,, 5,000 members of the 0.001%, arrest them one by one, adjudicate them, and legally confiscate all their fortunes….. Arrest, adjudicate, and confiscate everything …..”
Thanks!
You gave me “that feel good moment” It only lasted a couple of breaths, until I remembered that this was not going to happen in this reality.http://charleshughsmith.blogspot.com/
The Fantasy of Central Bank “Growth” Is Finally ImplodingThat collapse is currently underway in slow motion, but given the increasing instability of asset bubbles, it could accelerate at any time.
To V. Arnold, a contemporary Southwestern artist draws many landscape paintings in this style. Here is one of them:
https://blueraingallery.com/artists/tony-abeyta/mountain-landscape-16775http://www.johndayblog.com/2019/08/waking-up-alive.html
Caitlin Johnstone presents the case that humans are waking up, as one might do in a dream, when just about to hit the ground from a long fall. (I’m trying.)Tulsi Gabbard, the anti-war soldier, Congresswoman from Hawaii, and forbidden candidate for POTUS:
She strongly opposes “US regime change war policy because it has been completely counterproductive to US interests and has caused immense human suffering around the world.”
She called for ending “genocidal war in Yemen” and breaking off longstanding US relations with Saudi Arabia, a despotic crime family masquerading as a nation-state, true as well about other despotic Gulf states.
The US should stay out of Venezuela, she said, adding: It’s all “about the oil.”
“Let the Venezuelan people determine their future. We don’t want other countries to choose our leaders, so we have to stop trying to choose theirs.”
Asked if she opposes (US-designated puppet) Guaido, US sanctions on Venezuela, and military intervention, she said “all of the above.”
Despite voting for a nonbinding congressional resolution, condemning the right to boycott Israel in support of Palestinian rights, she pledged to oppose legislation that “restrict(s) freedom of speech by imposing legal penalties against those who participate in the BDS movement.”
On Afghanistan, the longest US war in modern times with no end of it in prospect, she said she’ll “bring our troops home within the first year in office because they shouldn’t have been there this long.”
(They shouldn’t have been there in the first place. Osama bin Laden and the Taliban had nothing to do with 9/11 — the mother of all US state-sponsored false flags.)
Gabbard joined the army national guard “after the al-Qaeda terror attacks on 9/11 so I could go after those who attacked us on that day,” she said.I’ve not been able to find anything good and informative about Bernie Sanders’ Green New Deal proposal, supposedly the most detailed yet.
Here is something from a few days ago. This is mostly political gobbledygook, but there are some key features.
I see them within the framework of both Climate Change and Resource Depletion, which are linked. Oil and coal have been the forms of energy which drove the global economy to the point where it is over the past 300 years. Iron and copper mining have played huge parts.
Natural resources like forests, farmland and mineral ores have been converted to toxic waste.
We are at immediate risk of losing our support system, and we are also being poisoned by it.
The world is being poisoned, too, but only we face losing the industrial economy which feeds and supports us.
Sanders proposes putting people to work with green jobs.
Good idea. What will that mean? I don’t know many people who do manual labor like small scale farming, tree work, and landscaping.
How do you introduce sedentary adults to physical labor, labor that will also lose-money for the foreseeable future?
I have some rudimentary ideas.
Changes in education of our little children are critical, and also need to stop being so big-brotherish.
Kids can grow vegetables and raise chickens at school. We can have trade-tracks in schools, like Germany does.
Sanders proposes getting off fossil fuels for electricity and transportation by 2030. I think that is an opening bid.
I think 2030 is a good time marker to have begun massive economic restructuring.
It looks like the bottom is about to fall out of the global financialized-industrial-economy.
We will need to be more than a financial reset. The power structure that saps productivity to feed parasites really has to be broken up.
This happens periodically. This time it’s big, because growth is over and we need to focus on personal survival, family survival, and community survival. Planetary ecology needs to survive enough to regrow in time.
We need to become loving stewards in that time.
We need to become loving stewards of life on Earth.
That needs to be an economy. Discuss…
https://www.vox.com/2019/8/22/20827396/bernie-sanders-2020-climate-policy-green-new-dealSanders talks about nationalizing the power grid. Big risk. Public utilities, though, are appropriate. Rentier capitalism needs to quite sucking the life from the economy at every level.
“You can’t nibble around the edges any more,” says Sanders in explaining his plan to essentially nationalize electricity production in the U.S. The full interview is here.
Bernie Sanders recently released his plan for implementing the Green New Deal. These include such comprehensive goals as transitioning to 100% renewable energy for electricity and transportation by 2030 and decarbonizing the entire economy by 2050 (full details here).
https://www.nakedcapitalism.com/2019/08/bernie-sanders-gnd-plan-will-nationalize-power-generation-in-the-u-s.htmlSanders says he is the candidate to take down Trump. He might be. The DNC still does not want him, but they have had some years to consider things. Their major donors don’t want him, but do they see what is coming toward them? Sanders has always cut good deals with capitalists. Always. He’s nothing for elites to fear existentially. They know this. He’s old, and they can look at what he did as mayor of Burlington. Deals.
https://www.commondreams.org/news/2019/08/25/bernie-sanders-touts-campaign-energy-and-excitement-evidence-hes-candidate-take-downTreasuries safe haven.
Make that pseudo-safe haven. After FASBA56, the safest and most liquid place you can shelter your precious after-tax savings is in cash in a secure and private location.
https://www.truthinaccounting.org/news/detail/fasab-statement-56-understanding-the-new-government-financial-accounting-loopholesHONG KONG
Can the protestors win? NO!
For 150 years Hong Kong was a constant reminder of the humiliating defeat by the British when China tried to stop them selling opium to the Chinese. Now they have it back they will not relinquish it again. It is due to be fully absorbed back into China in 2047.
Can the protesters lose? Yes – everything!
Hong Kong only represents 2-3% of China’s GDP. It is a net importer, its’ banks are highly leveraged, and most of its’ trade is with China. It was not in a strong position. Since the protests began some of the rich have left [with their money], tourism has crashed, the HKdollar has fallen, the stock market has fallen and there are questions about whether it can continue as a major financial hub. None of this will improve the conditions for those living there.
The combination of all the above could lead to HK becoming a failed state. The result could be that China HAS to take it over early.
To V. Arnold, a contemporary Southwestern artist draws many landscape paintings in this style. Here is one of them:
phoenixlInteresting; thank you for the link…
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