The herd is afoot and moving folks and it's moving right. DO NOT try to stand up to this movement if you don't want to get trampled. My God, the things I am seeing I have never seen before in my life. But all of these things I predicted in advance so I know damned well what I am looking at and what I am seeing. I am in no way confused or shocked or stunned. Liberalism has peaked and we are in a 3rd wave back toward conservatism.
If you don't see it, open your eyes! It's all around us. For example, liberal ESPN is seeing a bigger exodus than Syria has refugees. Read this article. It says that the more conservative aspects of the network barely have any impact but the mouthy left is getting CREAMED over there:
"What do ESPNU, ESPNEWS, and the SEC Network all have in common? They are, by far,
the least opinion-driven and ideological of all the ESPN channels.
ESPN’s slate of uber-opinionated, radically leftist programs such as Around the Horn, First Take, Pardon the Interruption, His & Hers, and others all appear on ESPN or ESPN2, the channels which have seen the greatest decline."
Well folks, without their viewer base their economic support will soon collapse and some middle road or right leaning stuff will take its place. OR ESPN will simply go under. The CEOs of these companies should have been reading my blog. They would have been able to make changes well in advance but right now its kind of like trying to pack up your campsite with the stampede only 30 seconds away. The best you can do is cut and run. It will be difficult to salvage any of their left agenda at all.
Wednesday, November 30, 2016
Ohio campus attacks.
By now pretty much everyone has heard that 11 people were just injured by an ISIL sleeper terrorist on the campus of Ohio State U. The SOB who did this first plowed into his victims with a car and then went after anyone he could with a butchers knife. Survivors in the area had to wait for campus police to arrive in order to kill the terrorist.
I hope it is obvious to all liberals right now that if someone wants to do mass killing, they don't need a gun. A car and a butcher's knife seemed to do the trick here. While nobody is reported to have died from the attacks yet, that is more luck than anything else. As you can see from history, if someone really wants to kill with a knife it is not difficult. Shall we control cars? Butcher's knives? Do you see how silly you have been with all your gun control crap? Who took this murderer down anyway? A man with a wet noodle? NO! A good man with a gun. Are police the only good men out there? Are they the only ones I trust in a pinch? No! They are too often the bad guy these days.
It's a shame that 11 people had to be terrorized like this. It happened as much of inability to defend themselves as of anything else. Trust me, someone runs at me with a knife and that will be the last running they ever do. Boom-boom, out go the lights on Johnny Jihad. I almost wish the terrorist had tried this on the campus of UT (University of Texas). Why? Because it's legal in Texas for students to open carry. Nobody would have had to wait for campus police to leave the doughnut shop and arrive on scene. Some constitution loving person would have been right there with their 2nd amendment rights a-blazing at the bastard who did this.
So here's the thing. If you want to walk around having outsourced your security to a police force that cannot possibly be there to help you when you need it, that's your right. I think it's stupid but it is your right. But if others would rather take ownership and responsibility for their own protection then back the Hell off and let them do that. The life they save could be your own.
I hope it is obvious to all liberals right now that if someone wants to do mass killing, they don't need a gun. A car and a butcher's knife seemed to do the trick here. While nobody is reported to have died from the attacks yet, that is more luck than anything else. As you can see from history, if someone really wants to kill with a knife it is not difficult. Shall we control cars? Butcher's knives? Do you see how silly you have been with all your gun control crap? Who took this murderer down anyway? A man with a wet noodle? NO! A good man with a gun. Are police the only good men out there? Are they the only ones I trust in a pinch? No! They are too often the bad guy these days.
It's a shame that 11 people had to be terrorized like this. It happened as much of inability to defend themselves as of anything else. Trust me, someone runs at me with a knife and that will be the last running they ever do. Boom-boom, out go the lights on Johnny Jihad. I almost wish the terrorist had tried this on the campus of UT (University of Texas). Why? Because it's legal in Texas for students to open carry. Nobody would have had to wait for campus police to leave the doughnut shop and arrive on scene. Some constitution loving person would have been right there with their 2nd amendment rights a-blazing at the bastard who did this.
So here's the thing. If you want to walk around having outsourced your security to a police force that cannot possibly be there to help you when you need it, that's your right. I think it's stupid but it is your right. But if others would rather take ownership and responsibility for their own protection then back the Hell off and let them do that. The life they save could be your own.
Tuesday, November 29, 2016
The jig is up when even young millenials begin to see and speak truth
I've been writing for a long time in posts like this one that the elite liberal leadership is highly amoral and in fact is full of disgusting pedophiles. Even my close friends did not and do not know what to think when they hear me say these things. They know I am an accomplished, logical engineer and they know I am a successful person in many ways. They know I do my homework and that I do not suffer from flights of fancy yet these things are so outlandish to their ears that they can scarcely stand to hear me say them. I can see the huge conflict going on in their minds - it is apparent on their faces.
What they don't understand is that I went through these same stages of the Kubler-Ross grief cycle when I first became aware of what is really going on in our country and in the world. Denial is a big part of it. Also, its one thing to hear someone say something but it takes courage to take the time to understand the truth of it and to repeat it. I'm not talking about wartime bravery here. I'm talking about that certain type of courage needed when stepping apart from the herd and expressing ideas, no matter how well researched, that are bound to make the herd react strongly against the whistle blower. After all, many in the herd think Snowden should be killed for exposing illegal activity by the government! While I would like to think of them as idiots, the truth is that they simply lack that kind of courage needed to go against peer pressure which is a real and very powerful herding force.
When the herd leans liberal, its members are more easily controlled by peer pressure but when the pendulum eventually and inevitably swings back toward conservatism the herd becomes less and less affected by it. We will know this is happening when more and more people begin to not only suspend their liberal disbelief of facts but also when they begin to believe the truths themselves to the point that they actually do their own research and then ultimately repeat what they have learned to others. Telling the herd those truths which the "go along to get along" herd does not want to hear and not being booed out of the room is a clear sign that conservationism is taking over. And when you see it coming from young people then you know we are very near the point where massive disclosure of past sins is going to happen in the not distant future.
Well, young people are doing just that as you can see in this video. Within a few short years we are going to see the collapse of some major institutions and major names will go down in flames. I expect this to hit many areas of Big Sports including F1 racing and the American SuperBowl as well as vast swatches of Hollywood to name just a few.
What they don't understand is that I went through these same stages of the Kubler-Ross grief cycle when I first became aware of what is really going on in our country and in the world. Denial is a big part of it. Also, its one thing to hear someone say something but it takes courage to take the time to understand the truth of it and to repeat it. I'm not talking about wartime bravery here. I'm talking about that certain type of courage needed when stepping apart from the herd and expressing ideas, no matter how well researched, that are bound to make the herd react strongly against the whistle blower. After all, many in the herd think Snowden should be killed for exposing illegal activity by the government! While I would like to think of them as idiots, the truth is that they simply lack that kind of courage needed to go against peer pressure which is a real and very powerful herding force.
When the herd leans liberal, its members are more easily controlled by peer pressure but when the pendulum eventually and inevitably swings back toward conservatism the herd becomes less and less affected by it. We will know this is happening when more and more people begin to not only suspend their liberal disbelief of facts but also when they begin to believe the truths themselves to the point that they actually do their own research and then ultimately repeat what they have learned to others. Telling the herd those truths which the "go along to get along" herd does not want to hear and not being booed out of the room is a clear sign that conservationism is taking over. And when you see it coming from young people then you know we are very near the point where massive disclosure of past sins is going to happen in the not distant future.
Well, young people are doing just that as you can see in this video. Within a few short years we are going to see the collapse of some major institutions and major names will go down in flames. I expect this to hit many areas of Big Sports including F1 racing and the American SuperBowl as well as vast swatches of Hollywood to name just a few.
My first guest post - Augustine Pt.1
Reader Augustine has graciously agreed to do a two part guest post discussing his decades of personal experience as a Brazilian national prior to immigration to the USA. The people of the US believe that our prosperity is a given and that it must and therefore will last forever. After all, if Obama says we are exceptional then I guess we must be (despite the fact that many of us do not understand the meaning of this word...)
My personal view is that the USA is made of up of the same people that live everywhere else in the world and that we are no better or worse and in some cases not even as big a herd. But we do have two things that are special: we have the reserve currency of the world and we have broad gun ownership by the citizens (if anyone was demonstrably exceptional it was the founding fathers of the USA...). These two things interact to have given us (or U.S. if you like) a very high standard of living based on our ability to borrow from the underpaid peoples of the world without our leaders individually absorbing all of the ill begotten loot (trickle down scam-o-nomics does work to a degree). When our ability to borrow our prosperity from those who produce it ends, so does Obama's so called "American Exceptionalism".
Augustine can tell us what that might be like based on his first hand experience in Brazil. If you have specific questions, please ask them in the comments section. Remember, nobody on Economati gets paid anything. There is no revenue stream because there are no ads. There is no notoriety because we still post anonymously. There is nothing in it for us at all at this point except knowing we tried to help people when it was still possible to do so.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Such a sudden change in the cost of an item in the bill of materials of virtually everything in a modern economy derailed the investment plans of the military junta. Actually, malinvestments, made possible only by easy access to capital created from thin air, fiat money. Unable to liquidate the debt, state companies and its suppliers were bailed out by outright monetization of state debt. This actually came to compound the long inflationary period of a couple of decades because, instead of allowing the deflationary bankruptcy of propped up enterprises to return the excess capital from where it had come from, thin air, the junta decided to double down on monetary inflation.
At first, low double digit price inflation was recorded. Then, the junta began what would become the norm for several years, concocting tortuous economic measures to avoid the inevitable. Some of such measures would tame price inflation a bit, even back to single digit, but, as it goes with some reward for no effort, something for nothing, they would add economic distortions of their own without fixing any previous ones, eventually leading to higher price inflation over and over again. So, a perennial zigzag of ever higher price inflation became, in the 1980s, hyperinflation, or the total loss of confidence in the currency as a store of value even in the short term.
At this stage, economic measures mostly in the “wholesale” sectors of the economy were not enough, or so one PhD in economics by the major universities in the world after another thought. For people passing bills as if they were hot potatoes are much harder to persuade than state or state sponsored or state parasite corporations. It was time to try so called heterodox economic measures to compel the populace to conform to their ivory tower plans, which took oppressive forms, like price controls, and terroristic forms, like capital controls.
Evidently, nothing worked. In the end, by successive devaluations the state had zeroed its debts, but the military lost the political control, the economy had to be rebuilt and the culture, an important aspect of life often ignored by such commentaries, was wounded beyond recognition.
On the political aspect, it was more the case of the military cutting their total loss of favor with the people and passing the bucket on to civilian rent seekers who learned to take advantage of a relationship with the junta. Of course, they were unable and unwilling to solve anything, repeating the same approach as the booted junta and continuing the economic terrorism.
On the economic aspect, with a currency devoid of value and the drastic changes in the financial regulatory regime, it was outright impossible to perform any economic calculation. Consequently, economic decisions, whether by the parasitical state corporations or by private ones, were often not sustainable or not sustained, when the next change to the regulatory regime came about. That there was any economy and a mostly normal supply of services and goods during those years is the only Brazilian miracle worthy of the term.
On the cultural aspect, or the general frame of mind and worldview held by Brazilians who experienced this turmoil, what once worked ceased to work. The former way of life, however it’s understood, from the paradigms of how society was structured, social and economically, to the several levels of human relationships, like family, friends, contracts, politics, etc, were shattered by the loss of being able to tell whether something would improve or decimate one’s livelihood. For, in a world of scarcity, man acts economically, seeking the greater return for his efforts to remain himself and his loved ones fed and sheltered; alive. When the only thing constant in the economy are changes, eventually not only institutions and laws cannot be trusted to be recognizable in the near future, but neither can the intentions of fellow economic actors: the fellowmen. When trust collapsed in Brazilian society, it became impossible to recognize someone else’s intentions, since attitudes did not change uniformly throughout a country of continental size like Brazil after yet another change of rules in the game of life.
The loss of the Brazilian culture was arguably the worst casualty of it all. For though politics and economics have improved for the better, even if in hiccups, the culture has not recovered fully and perhaps never will. In all likelihood it’ll forever bear the scars of the wounds inflicted on it by the hyperinflationary years.
There are some major take always in there IMO. One thing that resonated with me were that when things got bad it became hard to tell friend from foe. Another is that culture was a victim of the fake money regime. We are seeing this happen in extreme ways in Japan where the highly inward facing culture that was in place is crumbling based on crumbling demographics and poor economic prospects for the individuals. Liberal might think this is a good thing but if it happens too quickly it can generate a culture shock leading to a frightened herd electing warmonger leaders to reverse the decline at any cost, even world war if necessary.
My personal view is that the USA is made of up of the same people that live everywhere else in the world and that we are no better or worse and in some cases not even as big a herd. But we do have two things that are special: we have the reserve currency of the world and we have broad gun ownership by the citizens (if anyone was demonstrably exceptional it was the founding fathers of the USA...). These two things interact to have given us (or U.S. if you like) a very high standard of living based on our ability to borrow from the underpaid peoples of the world without our leaders individually absorbing all of the ill begotten loot (trickle down scam-o-nomics does work to a degree). When our ability to borrow our prosperity from those who produce it ends, so does Obama's so called "American Exceptionalism".
Augustine can tell us what that might be like based on his first hand experience in Brazil. If you have specific questions, please ask them in the comments section. Remember, nobody on Economati gets paid anything. There is no revenue stream because there are no ads. There is no notoriety because we still post anonymously. There is nothing in it for us at all at this point except knowing we tried to help people when it was still possible to do so.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PART I
I go by the Google handle Augustine. I'm a long time friend
of The Captain, with whom I commune many views on the economy, though
we come from different starting points.
In spite of both of us working in the same industry, where we firstly
met as colleagues, and sharing a similar education background, our life
experiences are quite different. Most
notably, I was born and grew up in Brazil, notorious for its fragile economy
and for having been assailed by hyperinflation and wrecked its currencies (yes,
plural). I got to experience the
Brazilian economic turmoil from a child through adulthood and into the workforce
as an engineer.
Firstly, a brief history of the slow motion train wreck that was the Brazilian economy between 1970 and 1995, a whole generation of one economic disaster after another. Starting in the late 1960s through the early 1970s, Brazil experienced a double digit GDP growth for a few years similar to what China sustained at its peak. The fuel for this growth was neither capital accumulation, surge in productivity or production, but rather cheap credit. As the military autocratic regime, that began in 1964, wanted to assuage the people’s unease with it, as popular demonstrations were popping up all over the world in 1968, it resorted to the economic methamphetamine of inflation. By nationalizing several industries, the new state companies had direct access to the money printing presses through state banks and state agencies, all guaranteed by the treasury itself.
As it usually happens, the sudden onslaught of money in the economy led to an artificial economic growth as the new wealth originated from thin air was consumed. Such years are known as the “Brazilian Miracle”. But it all came to a screeching halt when the Oil Crisis of 1973 caught the world by surprise by quadrupling the price of energy.
Firstly, a brief history of the slow motion train wreck that was the Brazilian economy between 1970 and 1995, a whole generation of one economic disaster after another. Starting in the late 1960s through the early 1970s, Brazil experienced a double digit GDP growth for a few years similar to what China sustained at its peak. The fuel for this growth was neither capital accumulation, surge in productivity or production, but rather cheap credit. As the military autocratic regime, that began in 1964, wanted to assuage the people’s unease with it, as popular demonstrations were popping up all over the world in 1968, it resorted to the economic methamphetamine of inflation. By nationalizing several industries, the new state companies had direct access to the money printing presses through state banks and state agencies, all guaranteed by the treasury itself.
As it usually happens, the sudden onslaught of money in the economy led to an artificial economic growth as the new wealth originated from thin air was consumed. Such years are known as the “Brazilian Miracle”. But it all came to a screeching halt when the Oil Crisis of 1973 caught the world by surprise by quadrupling the price of energy.
Such a sudden change in the cost of an item in the bill of materials of virtually everything in a modern economy derailed the investment plans of the military junta. Actually, malinvestments, made possible only by easy access to capital created from thin air, fiat money. Unable to liquidate the debt, state companies and its suppliers were bailed out by outright monetization of state debt. This actually came to compound the long inflationary period of a couple of decades because, instead of allowing the deflationary bankruptcy of propped up enterprises to return the excess capital from where it had come from, thin air, the junta decided to double down on monetary inflation.
At first, low double digit price inflation was recorded. Then, the junta began what would become the norm for several years, concocting tortuous economic measures to avoid the inevitable. Some of such measures would tame price inflation a bit, even back to single digit, but, as it goes with some reward for no effort, something for nothing, they would add economic distortions of their own without fixing any previous ones, eventually leading to higher price inflation over and over again. So, a perennial zigzag of ever higher price inflation became, in the 1980s, hyperinflation, or the total loss of confidence in the currency as a store of value even in the short term.
At this stage, economic measures mostly in the “wholesale” sectors of the economy were not enough, or so one PhD in economics by the major universities in the world after another thought. For people passing bills as if they were hot potatoes are much harder to persuade than state or state sponsored or state parasite corporations. It was time to try so called heterodox economic measures to compel the populace to conform to their ivory tower plans, which took oppressive forms, like price controls, and terroristic forms, like capital controls.
Evidently, nothing worked. In the end, by successive devaluations the state had zeroed its debts, but the military lost the political control, the economy had to be rebuilt and the culture, an important aspect of life often ignored by such commentaries, was wounded beyond recognition.
On the political aspect, it was more the case of the military cutting their total loss of favor with the people and passing the bucket on to civilian rent seekers who learned to take advantage of a relationship with the junta. Of course, they were unable and unwilling to solve anything, repeating the same approach as the booted junta and continuing the economic terrorism.
On the economic aspect, with a currency devoid of value and the drastic changes in the financial regulatory regime, it was outright impossible to perform any economic calculation. Consequently, economic decisions, whether by the parasitical state corporations or by private ones, were often not sustainable or not sustained, when the next change to the regulatory regime came about. That there was any economy and a mostly normal supply of services and goods during those years is the only Brazilian miracle worthy of the term.
On the cultural aspect, or the general frame of mind and worldview held by Brazilians who experienced this turmoil, what once worked ceased to work. The former way of life, however it’s understood, from the paradigms of how society was structured, social and economically, to the several levels of human relationships, like family, friends, contracts, politics, etc, were shattered by the loss of being able to tell whether something would improve or decimate one’s livelihood. For, in a world of scarcity, man acts economically, seeking the greater return for his efforts to remain himself and his loved ones fed and sheltered; alive. When the only thing constant in the economy are changes, eventually not only institutions and laws cannot be trusted to be recognizable in the near future, but neither can the intentions of fellow economic actors: the fellowmen. When trust collapsed in Brazilian society, it became impossible to recognize someone else’s intentions, since attitudes did not change uniformly throughout a country of continental size like Brazil after yet another change of rules in the game of life.
The loss of the Brazilian culture was arguably the worst casualty of it all. For though politics and economics have improved for the better, even if in hiccups, the culture has not recovered fully and perhaps never will. In all likelihood it’ll forever bear the scars of the wounds inflicted on it by the hyperinflationary years.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ End of Pt 1 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
There are some major take always in there IMO. One thing that resonated with me were that when things got bad it became hard to tell friend from foe. Another is that culture was a victim of the fake money regime. We are seeing this happen in extreme ways in Japan where the highly inward facing culture that was in place is crumbling based on crumbling demographics and poor economic prospects for the individuals. Liberal might think this is a good thing but if it happens too quickly it can generate a culture shock leading to a frightened herd electing warmonger leaders to reverse the decline at any cost, even world war if necessary.
Stay tuned for Pt 2.
Tuesday, November 22, 2016
Trump says his team won't go after Hillary.
Well trump's team is making the right moves early on here IMO. As I stated a few days ago, Trump should make a direct statement about not going after Hillary. It might piss off a few of his rapid followers in the short term that he has now done exactly that but Hillary and Bill are going down no matter what and so why should Trump get involved at all? All he really has to do is to tell the justice department to do its job. All he really has to do is get rid of the unfair Obama bias toward saving the dems from the embarrassment and dirty secret telling that would happen if Hillary goes down. All he has to do is remove Hillary's protective shield, revoke her get out of jail free card. All he has to do is send the signals that his administration will not attack anyone who decides of their own volition to bring her down. That's all he needs to do because Hillary is so dirty that that's all it will take for the wolves to come take her and her dirty husband down.
Trump just needs to stay out of it and let the law do its job. The bad ship Hillary is now taking on water in rough seas and she will break up on the rocks without Trump politicizing her demise. He should just get popcorn and a coke and watch the spectacle with the rest of us. Any I love that Trump supporters are pissed at him for backing down on him campaign threat to prosecute her. That gives him more air cover for telling people it was not a political attack by him that completely sinks the evil couple. They must go down for their own acts, not because someone attacked them, or their mindless followers will ignore the crimes and just cry political foul.
Trump just needs to stay out of it and let the law do its job. The bad ship Hillary is now taking on water in rough seas and she will break up on the rocks without Trump politicizing her demise. He should just get popcorn and a coke and watch the spectacle with the rest of us. Any I love that Trump supporters are pissed at him for backing down on him campaign threat to prosecute her. That gives him more air cover for telling people it was not a political attack by him that completely sinks the evil couple. They must go down for their own acts, not because someone attacked them, or their mindless followers will ignore the crimes and just cry political foul.
Monday, November 21, 2016
Fleecing the millenials... [TNX] [UWTI]
I strongly suspect that oil is approaching a major bottom within a couple months. Why? Because Velocityshares is going to delist and liquidate UWTI on Dec 8th.
"Perhaps it's in millennials' best interest to be forced out of this position. The VelocityShares Daily 3x Long Crude ETN (UWTI) was one of the riskiest ETFs on the planet. Tied to the oil market, with triple leverage that gets reset each day, it could make huge gains when prices went up, but with a structure that causes returns to corrode over time. It also had credit risk due to it being an exchange-trade note, which essentially makes it an unsecured debt obligation of the issuer. "
Yes, after all this time of not worrying about millennials losing money in leveraged oil, perhaps it is in millennials' best interest to get shut out at the bottom. Cheese and crackers, who writes this mind control shit anyway?
Mark my words, those who lost money in this are going to be screaming bloody murder when oil turns up hard whether or not VelocityShares is acting in good faith with this move. Lawsuits will result and VelocityShares will be accused of shutting the fund down due to insider knowledge that oil was about to go back up (i.e. inflation). I'm not accusing VS of any wrong doing but since nothing is as it would seem these days I have learned to expect the unexpected.
Also, is it just a coincidence that this is happening all of a sudden after Trump gets elected and interest rates begin to climb? Well, we don't have a clear 5 wave move up off the bottom in interest rates yet, we do have a breakout of resistance. It is the nature of the coming peak and more so the subsequent pull back that will be telling.
"Perhaps it's in millennials' best interest to be forced out of this position. The VelocityShares Daily 3x Long Crude ETN (UWTI) was one of the riskiest ETFs on the planet. Tied to the oil market, with triple leverage that gets reset each day, it could make huge gains when prices went up, but with a structure that causes returns to corrode over time. It also had credit risk due to it being an exchange-trade note, which essentially makes it an unsecured debt obligation of the issuer. "
Yes, after all this time of not worrying about millennials losing money in leveraged oil, perhaps it is in millennials' best interest to get shut out at the bottom. Cheese and crackers, who writes this mind control shit anyway?
Mark my words, those who lost money in this are going to be screaming bloody murder when oil turns up hard whether or not VelocityShares is acting in good faith with this move. Lawsuits will result and VelocityShares will be accused of shutting the fund down due to insider knowledge that oil was about to go back up (i.e. inflation). I'm not accusing VS of any wrong doing but since nothing is as it would seem these days I have learned to expect the unexpected.
Also, is it just a coincidence that this is happening all of a sudden after Trump gets elected and interest rates begin to climb? Well, we don't have a clear 5 wave move up off the bottom in interest rates yet, we do have a breakout of resistance. It is the nature of the coming peak and more so the subsequent pull back that will be telling.
