Debt Rattle July 9 2015
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Harris&Ewing US Navy Yard, Washington. Sight shop, big gun section 1917 • How the NYSE Big Board Went Dark (Bloomberg) • Why Beijing’s Efforts Have Fa
[See the full post at: Debt Rattle July 9 2015]There’s 1,000 things going on right now, but does anyone know why Greece hasn’t nationalized the banks, Sweden-style, as promised during elections? Seems like time and could solve the banking issue: if the government is open, the banks will be open, perforce, with scrip and digital transactions only, if necessary. Was the strange AEP report that Tsipras wanted to lose true?
Also the focus is being foolishly set on Greece alone, let’s not lose sight of what might be out of the news worldwide. Example: Did we just start 2nd level hack attacks on the U.S. yesterday, focused on St. Louis, shutting down the airlines, the subway, the WSJ, ZeroHedge, NYSE, and possibly a few isolated areas of the grid? If so, why? Ukraine isn’t especially heating up. Don’t hear much out of other proxy wars. Is the U.S. spiking China up and crashing it to their anger, or vice versa: China insiders spiking to dump on the rubes and be out as they suck $4T of liquidity out of a fragile system starting the world financial reboot? Or was their bubble mostly organic? ‘Cause it seemed a strange time to double their stock values in 6 months.
What’s going on out there that we’re NOT seeing?
@ Diablo
What’s going on out there that we’re NOT seeing?
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The gods be good; wrong question.
Re; Kunstler, previous post; google it; I’m not much into teaching anymore.
I spend much effort at finding the facts, unlike most hive dwellers, of which I’m not.
Do the work and you’ll be rewarded in kind; guaranteed, if in fact, you do the work…
I would add; Ilargi does the work and is very informative, but cannot always supply a conclusion; much of the present is a “work” in progress, whose conclusion is much like Schrödinger’s cat…“How the NYSE Big Board Went Dark” – no, we will never know the truth about that. Just a coincidence that China’s markets are crashing and the lights go out in New York? Sure, uh-huh.
China’s on Viagra. So are all of the other central banks. All members of the Bank for International Settlements, do you think for one second that the others would allow what China is doing if they hadn’t already talked about it beforehand at their meetings?
China: “What are we going to do? Our economy is turning down, because the U.S./European economy is turning down. How are we going to ramp it back up? We already provided one mother of a stimulus in 2008/2009.” It’s discussed that Japan, Europe are QEing till the cows come home, the U.S. has already done that, and their stock markets are soaring. U.S. to China: “Well, we don’t care what you do, but you mustn’t allow this balloon to deflate. We need you to do your part before this whole thing implodes. Pump up your stock market, get your media to entice people in.” China: “But we were trying to encourage the role of the ‘free market’.” U.S. to China: “Free market? There’s no free market. There’s us. We do the steering, engineering, turning the lights out when needed, and changing the rules when they need changing. Get in there and manipulate.”
I have to laugh when over and over again Mish (who makes sense on a lot of things) says this of the central banks: “In reality, there is not a central bank on the planet that has any credibility.” Check, I’m in agreement there, but the central banks obviously don’t care about that, do they? “Bubble after bubble is the norm. The Fed failed to predict the dotcom bust, the housing boom, the housing bust, or the great recession.” How could they possibly fail to predict something which they set about to create? This is what he always misses, what so many miss.
Last year, China “strongly encouraged” everyone to get into the stock market. They were setting up the bubble, just like they all do (dot.com, housing, stock bubbles). Then we get a whole bunch of so-called experts saying they don’t see them? What? That just does everyone reading their work a huge disservice. Of course, they see them. They made them. Mish continually rails against labour unions, seeing them as one of the major causes of U.S. price increases, etc., and yet he rarely, if ever, recognizes that the true harm is caused by the biggest union of them all – the central banks.
The whole world is on Viagra.
“This lend-to-foreclose ploy is the very game that the Troika have played with Greece.”
Of course. Money management at every level has become nothing more than blatant bad faith, recidivistic Friedmanism running wild because executive, legislative and judicial elements that could provide some restraining force have become controlled by the same destructive and hateful people who structured the entire con game in the first place.
@Dr Diablo
This is one of the 1000 things that is going on:
“EU Parliament backs TTIP resolution”
https://rt.com/news/272563-eu-parliament-ttip-trade/🙁
East Ukraine is under daily bombardment from Kiev forces.
“In “DPR”-controlled Svobodne (49km north-east of Mariupol), the SMM noted 15 shell impacts, assessed to have been caused by 120mm artillery rounds fired from the west. The SMM observed three destroyed houses, which it assessed to have sustained direct hits. A number of other houses had sustained damage. According to “DPR” armed personnel and residents of the village, an elderly woman and her adult son were killed in the shelling. The SMM observed a destroyed house where residents said the victims had lived. Human remains and blood were at the scene. The shelling occurred between 04:10 and 04:50hrs on 7 July, according to residents in neighbouring “DPR”-controlled Telmanove (50km north-east of Mariupol). In “DPR”-controlled Starobesheve (81km north-north-east of Mariupol), the head doctor of the hospital later told the SMM that two civilians killed in Svobodne had been taken to the morgue, which is attached to the hospital.”
The daily count of Ukrainian army war crimes in Donbas, eastern Ukraine
Obvious, if the MSM does not report it means simply that it didn’t happen. 🙂
Is Germany (and the US) forcing Greece to join BRICS so that they then have an excuse to intervene militarily and execute regime change? and what ever happened to the whole EU army thing? sure hope Greece doesn’t go the total devastation way of Ukraine. why isn’t Greece nationalising? and where did Yanis actual go to this week…
I can’t find much on this stuff in my newbie searches, but my hearts in the right place, and so I wait patiently to see how events continue to unfold, wondering in which direction they will go. and the timing of all the other big global events is never a coincidence. it’s all connected.
Business as usual in Greece. Democracy was just executed, SS style, in front of the eyes of the scared “poor who shouldn’t be allowed to vote, because they make the wrong choices” (as a rich Potami MP lady said), to show them who’s boss.
Tsipras has capitulated and betrayed his mandate and now the Greek Parliament votes a third austerity package, known as Memorandum 3, which is exactly the text in the ultimatum given by Junker before the referendum, with some extra measures as a bonus. The 61.2% of the Greek people who voted No to these precise austerity measures was sidestepped and the Yes won, even if it lost. The victims of the scam don’t get to vote how much money they should lose, you see. The new 12.5 billion euro austerity package continues the legacy of kicking the can down the road, without giving much in return, except to the banks. More and heavier taxes, managers to oversee the collections for our beloved German overlords, lower pensions, de facto abolishment of the Armed Forces, hospitals and schools due to lack of funds and the return of the Samaras’ era debtor prisons. And of course, no debt relief, just a 53.5 bn euro “loan package” for the banks, via ESM, which restructures their debt and extends the negotiations for the beginning of the debt relief negotiations sometime after 2022. Its a promise. Cross their heart.
Now things continue from where they were left by the previous government, as if nothing happened in between. There are even talks of replacing ANEL with Potami (the neoliberal “euro whatever it takes, heil Merkel, the rich rule” crowd) in the government coalition.
Problem solved, let’s “save” Italy and Spain now.@ V. I’ll look for it. I was having trouble composing a search term for: “So you want to be a racist.” It tends to be more softer in delivery. But if it’s there, it’ll come to the surface.
To be fair; it’s subtle. Kunstler’s last book (look it up) had a gay character and the gay community was very unhappy with his depiction; after hearing some of the dialogue so was I (I’ve always had gay friends).
Kunstler’s assumptions of a black generated violence, post collapse, are just ludicrous; I’ve lived in black communities, albeit many years ago, I call bullshit on that as well.
I have no doubt Jim is a nice guy (I’ve corresponded with him) ; but so far from a reality he just can’t see.
So, he cancels himself from relevance through his unforgivable naivete given his subject…
Thus I refer to him as a flim flam man…
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