This is what happens when you accept Wimpy Promises.

The Wimpy character of the Popeye comics family was famous for saying "I will gladly pay you Tuesday for a hamburger today".  Give me something today and don't worry because I am going to pay you back in the future.  Trust me.  This kind of bullshit used to work during the rise of the liberal trust Ponzi (which is really the same as a debt Ponzi).  But now the con is out in the open, at least in GE.  The pensioners at GE have been getting nipped away at for a long time.  They got promised lifetime benefits but they failed to realize that this meant for the lifetime of GE, not their own human lifetime.  And GE is swirling the bowl.

Oh, sure, there will be rallies in the shares, perhaps even large ones.  But none will be very long lived.  As I predicted a long time ago when nobody else was saying it, GE is done.  All those financial assets which were the means of making debt look like profit are now gone.  GE's ability to source loans for questionable credit customers is gone.  Thus, its vendor finance scam empire is in collapse.  Why?  Because they never owned it.  They borrowed the whole damned thing.  It was, in the words of Styx, the Grand Illusion.  And now the loans are coming due.  GE will BK or be broken up and sold off at pennies on the dollar while those who accepted Wimpy Promises continue to complain and campaign.  They think that by complaining they can get someone else to pick up the responsibility for the debt owed to them by GE but that is not going to happen.  I have no desire to pay for their leisure time in retirement and neither does anyone else.

These people are certainly the victims of a con game.  I'm not debating that.  But if I have to pay for the mistakes of those whose blissful ignorance led them into long term deals with another entity which could negatively affect their retirement years then all I will be doing for the remainder of my short time on this planet is to pay for and thus reward the greed, ignorance and stupidity of others.  Screw that.  I took the time to educate myself.  When Ron Paul spoke, I did not make jokes about his ill fitting suits.  Instead I listened to his words and tested the veracity of them with engineering logic.  His words rang true and I began to do more research and to learn for myself.  I did not let the mood of the herd, or the madness of crowds sway me or blind me from seeing the bigger picture truth.

In order for there to be any sustainable progress, people must be made to pay for their individual mistakes.  If every personal blunder (like believing the lies of big government or big corporations) must be made up for by socializing the loss then you will see in America what is already happening to the likes of Taxafornia: capital flight.  Right now, the corrupt California government there is sneering at the thousands of businesses who are fleeing that tax regime.  They know it's not a good thing but they suggest local businesses just buck up and man up about the huge and growing tax burden being placed upon them.

This kind of arrogance is only possible when times are good.  When the recession/depression comes, the corrupt government of California will be talking out the other side of its mouth.  We will know that its getting serious when CA government begins implementing capital controls.  Now for me to say this seems ludicrous today.  Liberal pundits would laugh in my face.  But I have been known to be right more often than not, and liberals never come back to apologize for their stupidity later on; instead, they just play the victim card and then act like I owe them something (please allow me to pause long enough to spit).

I'm telling you in clear terms that people who know what is going on at the very high level world view (like me) know that capital controls of various forms are coming to California in the coming years.  They will do a variety of things likely to include:

• Huge tax bill for the selling of corporate real estate.  They will hope to make it too expensive to flee...
• Large income tax assessment for those leaving the state.
• Special breakup tax.  In other words, the state will claim that the corporations benefited from all the good times and thus have a social responsibility to help pay for the Ponzi collapse.
• Many other mechanisms which can be as creative as there are stars in the sky.  Desperate governments can and will say and do whatever they need to in order to stay in power.  They can even call it a "security measure".

If you have any sense at all, get the Hell out of high tax areas right now while the getting is easy.  Don't worry, the corporations and the jobs are already moving to those places and will be there to greet you when you arrive.

Americans want less political correctness.

Another one of my long standing predictions (as evidenced in posts like this one) seems to be ringing true in this recent NPR article which suggests that more and more Americans are getting tired of fake political correctness.  Furthermore, and again in line with my world view that liberalism has peaked and now conservative values are being restored is the statement that NPR - a historically liberal outfit - saw fit to add for no real good reason: "Businessman, author, and entertainer Phil Robertson argued in a column that what the U.S. needs is biblical correctness, not political correctness."  Why NPR thought that this religious mention was relevant I can only guess - and I guess NPR sees its audience turning conservative and thus wanting to hear conservative things.

All things liberal are being slowly abandoned right now.  Including California.  If the government there doesn't wake the Hell up they will ruin silicon valley and send the best and brightest to silicon hills in Austin where life is cheaper and taxes are much lower and there is plenty of low cost land to build on.

Get to a better state (Texas for example).

I have warned that when California started to get desperate about its finances that it would start to attack its productive members.  That economic attack is now reaching crisis levels as evidenced by the fact that California companies are moving the fv-k out.  Texas is not really all that conservative.  Austin is a snake's den of liberalism in fact.  But everything is relative, and relative to Taxifornia, Texas is staunchly conservative.  Cally charges 9-11% state income tax.  Texas charges zero percent.  This means that California companies have to pay that much more in order to just stay on par with what Texas companies are paying.  And then let's not even talk about the disparity in housing prices (which I blame on the fed, not the cally government).  And Cally is now going after its producers for support of liberal bullshit policies like homeless tax, etc.

Too bad.  CA used to be a nice place before it got infected with liberalism.

Parkland shooting investigative panel recommends arming teachers.

Yep.  It's true.  The people who reviewed all the evidence and created the official government report have figured out the obvious: when seconds count the police are minutes away, and even after the police arrive they will cower outside long enough for many people to get killed in the building.  So the recommendation is to train and arm school teachers.

Yes, it sounded absurd when I was saying that this was the soln but now even the police agree that even their few honest and brave members cannot be where they need to be when the bad stuff is happening.  So they are happy to outsource their job of protecting students from active shooters to school teachers.

School teachers should embrace this, and the intelligent ones will.  And any teacher who agrees to the training and carries a gun in plain sight on their hip at all times when they are on school grounds should be given a 15% monthly "I'm doing the cop's job" bonus.  And this should be paid for straight out of the police pension fund. Sorry cops, if teachers are doing some of your job then they should get some of your pay.  Fair's fair.

Teachers carrying student protection guns must keep the weapon loaded and safe in a holster.  It must never be put in a desk, even a locked one.  The teacher must wear it at all times and if not then it goes in a safe in the principle's office.  The teacher must also wear a bright orange reflective identification tag or vest that immediately identifies them as a student protection asset.  The gun must never leave the holster except in the direct defense of student lives from armed assailants.  Any deviation = immediate firing from the school system and inability to be hired into teaching ever again.  Shooteachers must attend monthly gun awareness training which discusses recent events that occurred involving armed assailants, what was done right and what was done wrong.  Then the teacher must spend a minimum of 1 hour of paid time at the firing range being observed by someone who will report on their proficiency to the principle who is required to control all of this.

As I stated long ago and in many separate posts like this one, the outsourcing of our personal security to the police state would be a casualty of the declining liberalism.   This is just a recommendation so far which has to go to higher layers of bureaucracy before being considered policy, but the panel is clearly viewed as the experts here and so government now has to disagree with the experts if they they choose to not arm the teachers and "give them a fighting chance" in the words of the cop.

Global infighting has now spilled over into attacks on oligarchs.

The conditions are getting more and more ripe for a misstep or a miscalculation in the rising brinksmanship between the US and China.  The US asked Canada to hold a Chinese business executive and in return China has kidnapped two Canadians and trumped up their own charges (no pun intended).

First let's talk about the law.  Did the lady Huawei exec do some or all of the shit that the US is accusing her of?  YOU BET!  She did that and more.   But in China, she is just an agent of the government.  She's like a general or an admiral there since wars are fought on both the economic front as well as the battle front.  But her crimes were not why she was arrested.  The arrest was one upsmanship of US-China brinksmanship.  And now China is retaliating in like kind.

None of this would be happening except for the fact that fake money has pumped the global debt Ponzi to the moon and now it is feeling the pressure.  People who never predicted anything correctly in their lives and who rarely read past the headlines should just sit back and be quiet and listen. They should understand that their opinions are of no use for anything except adding to the cacophony of noise.  Listen to people with a demonstrated track record of having the correct world view.  Do it for yourself and for your own enlightened interests.

All the things which people think are "the problem" are in fact nothing more than predictable and predicted symptoms of the real root cause of what you see unfolding about you - WE ACCEPTED FAKE MONEY AS IF IT WERE REAL.  We let down our guard and when someone came waltzing in with a deal that sounded too good to be true, we gladly accepted it in our ignorance of history, math and logic.

It's nobody's fault but our own.  Had we collectively listened to people like Austrian economists and Ron Paul back in the 1970s then we could have avoided most of what is coming for us.  But no, we as a herd instead mocked them.  Well, our reward for that bit of foolishness is now unfolding.  I hope my readers finally wake up some day and realize that one thing and one thing only is wrong here:  Mammon money is allowed to exist.   We accept it for pay.  We save it for retirement.  We think it has enduring value and many will cheat or kill to get it.  The fake green paper is nothing but a scam.  Get yourself out of the fake money system by storing your retirement wealth and most of your near term wealth in gold and silver bullion coins.

DO NOT sit on your ass right now and then come back here and comment how I was right, you lost everything, blah blah blah.  Take action now and then don't bother saying a thing.  GTFO of their fake money system and into the real money of gold and silver as best you can.  My reward will be knowing that some people benefited from my efforts to awake and educate them.

Gee, who'd a thunk it?

Not long ago in this post I predicted that the Boy Scouts was doomed.  Yeah, back then it sounded like "oh sure, like that is ever going to happen".   Today's news shows that it is under real threat of going BK.  The liberal helmsmen of that once conservative organization (pre 1990s) think that going BK will allow them to ditch their debtors and then keep going.

Wrong!

Bzzzzzz!

That is never going to happen.

Going BK is exactly the opposite of the charter of the old boy scouts.  They used to say that scouts were Trustworthy, Loyal, Helpful, Friendly, Courteous, Kind, Obedient, Cheerful, Thrifty, Brave, Clean, and Reverent.

But filing for BK is neither trustworthy nor brave; it is the path of losers and cowards.  Thus, nobody will want to associated with the Bankrupt Scouts of Scamerica once they BK.  If people thought that BSA was just down on its luck then it could survive this conservative wave but they know BSA is yet another organization where homosexuals infiltrated the conservative organizations (just like the Catholic church...) during the rise of extreme liberalism and so now I can guarantee you that BSA is going under. 

All we have to see is its functional replacement which has a strict rule: "you are the gender that it says on your birth certificate despite what you might read in the papers otherwise this organization is not for you"

[LEN] update

The October 19th backlink model for my Lennar model is below.

 

As you can see from current actual below, a bottom was struck at the exact location predicted and a 15% rally ensued.  We knew pretty early after take off that it was going to be muted because it formed a rising wedge.  So instead of bouncing to the level of the prior 4th as expected, this looks to have put in a flat correction.  I need a couple more days of data to be sure but it looks down from here.  If you want a detailed model then you can find it on the paid blog along with many other stocks that I keep running models of.