Now that Trump is the GOP candidate he's being more open about this grand plan for making America great again. As I have written in these pages many times, Trump is a liberal in conservative disguise. In true liberal fashion, Trump thinks that all problems are because of someone else. The Chinese, according to Trump, have screwed us by agreeing to work for the past 30 years very hard so that Americans can enjoy a better lifestyle. After all, we all have the stuff they made by the sweat of their brow and all they have of ours is the green paper. I think he knows better but he is pandering for votes. After all, if you just tell the truth like Ron Paul then you are a loon.
In any case, Trump is now telling the NY Times that all we have to do is rack up as much debt as possible at these low rates and when the interest rates finally begin to go up we simply tell our creditors that we can't pay it all off and therefore they should take a haircut. It's very smart, he says. Basically, if you owe your creditors a little money but cannot pay then you have a problem but if you own them a lot of money and you tell them you will not pay then it is they that have the problem.
Gee, Donald, why didn't we think of this ingenious liberal dead beat strategy before?? That's some real keen thinking there, hairpiece! A real "kan't lose" solution to all our woes. And of course you know what comes next. Our creditors cry and scream about getting fvcked and then begin doing things to retaliate. Maybe supply chains are disrupted. Maybe they cut us off from more debt. You know, the usual things one would expect to do to any deadbeat. But then Donald will call it a national security threat. You know what comes next: creative destruction, AKA war.
Trump is making Hillary look conservative.
By the way, are you getting enough of the Trump speech template? "I am the king of debt. I do love debt. I love debt and I love playing
with it.”
What a content-free, serial-bankruptcy artist a$$hole Trump is.
Sunday, May 8, 2016
Friday, May 6, 2016
More evidence of growing infighting at Elite, Inc.
Mish reports on a leaked letter whereby the IMF (AKA the USA; "International" is Elite-speak for "USA empire") told German creditors to forgive some of Greece's debt else the IMF will bail out of the bail out.
So this is how it goes in all organized crime peaks. The top capo sees profits falling and so it tells minions to take one for the gipper. Sometimes they comply but sometimes they realize that the gipper will just keep on asking for more and more, eventually bleeding the minion dry. So instead of engaging in fearful compliance the minion shows up at the capo's house with a hit squad. That's when the organized criminals begin a political and economic blood bath which spills out onto the street right in full view of Mark and Patsy who suddenly realize that all these assholes they have been supporting are in fact just assholes.
The whole thing is going to suck for everyone; let there be no confusion on this fact. But still for some morbid reason I want to be in the front row seat with my popcorn to watch the f-ing sons of bitches tear each other apart. Yes, I will be enjoying that aspect of it even though I know a lot of sheeple will end up as collateral damage. That part, unfortunately, cannot be helped.
So this is how it goes in all organized crime peaks. The top capo sees profits falling and so it tells minions to take one for the gipper. Sometimes they comply but sometimes they realize that the gipper will just keep on asking for more and more, eventually bleeding the minion dry. So instead of engaging in fearful compliance the minion shows up at the capo's house with a hit squad. That's when the organized criminals begin a political and economic blood bath which spills out onto the street right in full view of Mark and Patsy who suddenly realize that all these assholes they have been supporting are in fact just assholes.
The whole thing is going to suck for everyone; let there be no confusion on this fact. But still for some morbid reason I want to be in the front row seat with my popcorn to watch the f-ing sons of bitches tear each other apart. Yes, I will be enjoying that aspect of it even though I know a lot of sheeple will end up as collateral damage. That part, unfortunately, cannot be helped.
Wednesday, May 4, 2016
Jim Rogers goes hyper conservative.
In all the years I have been listening to Jim Rogers I have found him to be a reasonable thinker. But never and I mean never would I have thought that he would come out with a financial prediction that he somehow linked to Bible prophecy. Until today. Generally these "Bible code" people are just selling something and trying to play on people's fears. But Rogers has been fearful of the direction that the markets are going in for several years now and he never invoked the Bible in his arguments before so I was really set back to hear him and watch him do it. Bible code or not, he will eventually be right even if he cannot predict the day or the hour because the real fundamental of the bust - debt - is growing exponentially just like I said it would. Every couple years I like to remind folks about this post I wrote back in 2010 (wow, has it already been 6 years writing this blog??).
I think the conservative mood is affecting everyone and as I predicted long ago it would bring with it a great return to religion. After all, when times are good, who needs God? Yeah, let's uplift vampirism, witchcraft and magic, the Devil and all kind of anti-God stuff because of course, a herd with full stomachs thinks that it needs no help from God. It also thinks gold is a pet rock. In other words, the herd gets drunk on the false prosperity of hyper liberalism (which is always accompanied by fake money as its energy source).
Mark my words, these things are all peaking right now. The latest shark jump is that useless twit Obama's gay monument. Watch out folks, those sharks are now jumping 30 feet out of the water and can easily land in your boat! Folks, I don't care if gay people have a monument or not. I don't like it and I don't dislike it. I just don't give a damn one way or the other. But I do care that our government is wasting tax money on this kind of thing whether for gays or for anyone else. This is not culture. The government does not define my values. Therefore let me put up monuments to straight, conservative Ellioticians if that's what I want to do (hey, not a bad idea at that ; ) and let the gay communities do the same for themselves if they want to but let the government butt the fvek out of this kind of thing altogether.
While Obama embarrasses himself with what are obviously lame duck maneuvers designed to win votes for Hillary, many gay people are looking at this and saying "Why don't they just leave us in peace? We don't want all this attention. We just want to live quiet lives". Those are the smart ones because when this pendulum reverses it is pretty clear that an anti-liberal, anti-gay backlash is coming. All these TV shows with sex, lying, witchcraft, Devil uplifting and magic are going to disappear. Which will really be a shame because the lead chick in "The Magicians" is hot. LOL.
Remember how this usually works folks. All things liberal are stair steps up but elevator down. That's why the stock market behaves that way and it's why debt behaves that way. All these things are liberal artifacts of human society. When the re-conservatism is in full swing, all of these things are going to see elevator down.
I think the conservative mood is affecting everyone and as I predicted long ago it would bring with it a great return to religion. After all, when times are good, who needs God? Yeah, let's uplift vampirism, witchcraft and magic, the Devil and all kind of anti-God stuff because of course, a herd with full stomachs thinks that it needs no help from God. It also thinks gold is a pet rock. In other words, the herd gets drunk on the false prosperity of hyper liberalism (which is always accompanied by fake money as its energy source).
Mark my words, these things are all peaking right now. The latest shark jump is that useless twit Obama's gay monument. Watch out folks, those sharks are now jumping 30 feet out of the water and can easily land in your boat! Folks, I don't care if gay people have a monument or not. I don't like it and I don't dislike it. I just don't give a damn one way or the other. But I do care that our government is wasting tax money on this kind of thing whether for gays or for anyone else. This is not culture. The government does not define my values. Therefore let me put up monuments to straight, conservative Ellioticians if that's what I want to do (hey, not a bad idea at that ; ) and let the gay communities do the same for themselves if they want to but let the government butt the fvek out of this kind of thing altogether.
While Obama embarrasses himself with what are obviously lame duck maneuvers designed to win votes for Hillary, many gay people are looking at this and saying "Why don't they just leave us in peace? We don't want all this attention. We just want to live quiet lives". Those are the smart ones because when this pendulum reverses it is pretty clear that an anti-liberal, anti-gay backlash is coming. All these TV shows with sex, lying, witchcraft, Devil uplifting and magic are going to disappear. Which will really be a shame because the lead chick in "The Magicians" is hot. LOL.
Remember how this usually works folks. All things liberal are stair steps up but elevator down. That's why the stock market behaves that way and it's why debt behaves that way. All these things are liberal artifacts of human society. When the re-conservatism is in full swing, all of these things are going to see elevator down.
Tuesday, May 3, 2016
Profit Confidential article is true but still mostly just noise.
Anyone who tries to follow the "news" today will be overwhelmed by the sheer volume of it and the detailed complexity of it. This is perhaps the greatest reason to ignore the news completely and just use charting in order to understand what condition my condition is in.
The news and the reasons and the logics applied to the economy are just so voluminous that we need to have easy ways to know what is noise and what is important. In an article from Profit Confidential today, Robert Appel gives us his run down on how we got into the position we are in today. It is filled with a lot of truths like central bank manipulation, etc. but unfortunately it does not contain one word about the truth. That is, the only truth that matters. There is in fact one underlying enabler, the Devil which all other minions report to in this mess and that is the use of fake money in the form of fiat currency and fractional reserve banking. Without this enabler none of the other things could possibly have happened.
Thus, when looking for signs of the collapse, look no further than the banking system. When the chickens come home to roost the major sign will be a sudden downward reversal in fortunes of the banks. Everything else is pretty much just useless, time wasting noise.
The news and the reasons and the logics applied to the economy are just so voluminous that we need to have easy ways to know what is noise and what is important. In an article from Profit Confidential today, Robert Appel gives us his run down on how we got into the position we are in today. It is filled with a lot of truths like central bank manipulation, etc. but unfortunately it does not contain one word about the truth. That is, the only truth that matters. There is in fact one underlying enabler, the Devil which all other minions report to in this mess and that is the use of fake money in the form of fiat currency and fractional reserve banking. Without this enabler none of the other things could possibly have happened.
Thus, when looking for signs of the collapse, look no further than the banking system. When the chickens come home to roost the major sign will be a sudden downward reversal in fortunes of the banks. Everything else is pretty much just useless, time wasting noise.
Puerto RICO defaults on $470mn in bonds.
First off, I hope you enjoyed the capitalization of RICO in the post title. It was a thinly veiled expression of my view that all organized government eventually turns into organized crime. I don't mean each person filling out forms and ordering paper clips of course. I'm only referring to the really big chunks of shit that float to the top of the government cesspool AND their complicit minions who knowingly do their illegal and immoral dirty work for pay.
In any case, Mike Malone has a video out today discussing the subject which is worth a watch. Take time to pause the video and read all of US "treasury" (isn't a treasury supposed to have some money in it? All we have is DEBT!!) secretary Jacob Lew's request for the federal government to get involved (AKA pick winners and losers) so that a fair wind down of their colossal debt can be achieved. This is just after the part where he said the $70 bn is unpayable. What an a$$hole. There is no "fair" way to f--k people out of their owed money.
So Mr Lew is looking for the government to take money from someone in order to ensure that PR public worker's still get their retirement checks and so that special elite don't get stiffed on their General Obligation (GO) bonds which are supposedly beyond default. Of course in a fair world, you have to live with your mistakes no matter how bad they are. You don't get to make mistakes and then have your neighbor pay for them, do you? I know I don't. All my cockups have been on me (which is just the way I like it, thank you very much, since it is the feedback mechanism that keeps me on the straight and narrow-ish).
Please understand that Lew is a criminal and that he doesn't give two shits about anything or anyone except extending the global debt Ponzi at all costs. He doesn't care that pumping it up only makes for a bigger collapse in the future. He doesn't care about math, history or logic. He only cares about keeping the Ponzi plates spinning.
I do agree with him on this though: letting PR default and not bailing out the GO bonds will send a big chill to the elite who store their big wealth in these "safe" debt instruments. If they get the feeling that the people will not actually be enslaved in order to pay of these debts (which is the essential promise of all GO bonds...) then they will certainly take their illbegotten gains and exit stage left.
What these elite do not know is that once they do this they are no longer of any use to the herd. The elite thus become not only expendable but better off dead. At least in the eyes of the herd. This is the basis of the historical pitch fork revolution.
The elite are not elite because of God given divinity. They sit in their granite-clad halls of power at the pleasure of the herd. And once the herd is in collapse you are going to see the horns come out. But this time, the horns are filled with gunpowder and the new pitchfork is the AR-15 rifle. Anyone who does not believe that the US could easily if not probably fall into another civil war is really out of touch with the fact that our kum-ba-ya society of tolerance is completely artificial and predicated on the false and temporary prosperity of bought at the expense of $20 TRILLION dollars of debt which was used to pull consumption forward before it was earned/produced.
This WILL, WILL, WILL come home to roost. I wish it didn't have to but there is no if, maybe, or perhaps that they can have a soft landing. It will collapse. No doubt. I do not claim to know the day and the hour and nobody else knows either because it is based on the mood of the herd. But smart people are looking for the signs and they are preparing for the possibility in any way that they can reasonably afford to do so.
In any case, Mike Malone has a video out today discussing the subject which is worth a watch. Take time to pause the video and read all of US "treasury" (isn't a treasury supposed to have some money in it? All we have is DEBT!!) secretary Jacob Lew's request for the federal government to get involved (AKA pick winners and losers) so that a fair wind down of their colossal debt can be achieved. This is just after the part where he said the $70 bn is unpayable. What an a$$hole. There is no "fair" way to f--k people out of their owed money.
So Mr Lew is looking for the government to take money from someone in order to ensure that PR public worker's still get their retirement checks and so that special elite don't get stiffed on their General Obligation (GO) bonds which are supposedly beyond default. Of course in a fair world, you have to live with your mistakes no matter how bad they are. You don't get to make mistakes and then have your neighbor pay for them, do you? I know I don't. All my cockups have been on me (which is just the way I like it, thank you very much, since it is the feedback mechanism that keeps me on the straight and narrow-ish).
Please understand that Lew is a criminal and that he doesn't give two shits about anything or anyone except extending the global debt Ponzi at all costs. He doesn't care that pumping it up only makes for a bigger collapse in the future. He doesn't care about math, history or logic. He only cares about keeping the Ponzi plates spinning.
I do agree with him on this though: letting PR default and not bailing out the GO bonds will send a big chill to the elite who store their big wealth in these "safe" debt instruments. If they get the feeling that the people will not actually be enslaved in order to pay of these debts (which is the essential promise of all GO bonds...) then they will certainly take their illbegotten gains and exit stage left.
What these elite do not know is that once they do this they are no longer of any use to the herd. The elite thus become not only expendable but better off dead. At least in the eyes of the herd. This is the basis of the historical pitch fork revolution.
The elite are not elite because of God given divinity. They sit in their granite-clad halls of power at the pleasure of the herd. And once the herd is in collapse you are going to see the horns come out. But this time, the horns are filled with gunpowder and the new pitchfork is the AR-15 rifle. Anyone who does not believe that the US could easily if not probably fall into another civil war is really out of touch with the fact that our kum-ba-ya society of tolerance is completely artificial and predicated on the false and temporary prosperity of bought at the expense of $20 TRILLION dollars of debt which was used to pull consumption forward before it was earned/produced.
This WILL, WILL, WILL come home to roost. I wish it didn't have to but there is no if, maybe, or perhaps that they can have a soft landing. It will collapse. No doubt. I do not claim to know the day and the hour and nobody else knows either because it is based on the mood of the herd. But smart people are looking for the signs and they are preparing for the possibility in any way that they can reasonably afford to do so.
Sunday, May 1, 2016
Very conservative act by Kenya. WELL DONE.
Kenya recently decided to torch literally tons of illegally "harvested" elephant tusks in what I consider one of the most sincere, "walk the walk" acts I have seen from a government in a long time. Once the ivory is removed from the elephant then what good is it to store it? All it does is beg someone to steal it and sell it on the black market, probably an agent of corrupt government. That ivory is worth its weight in gold yet the Kenyan government torched it in order to send the message that ivory is not a trade-able commodity, not even for governments who took it from poachers.
Do as I say and not as I do is liberal behavior. That is what I expect from US government! But walk the walk is conservative behavior and Kenyans the world over should be proud of what their government is doing here. I heard a saying once that stuck with me, "Don't tempt an honest man". It's so true. Well all that ivory was just an unneeded temptation and now that is up in smoke and everyone is better off for it. Nice job Kenya.
Do as I say and not as I do is liberal behavior. That is what I expect from US government! But walk the walk is conservative behavior and Kenyans the world over should be proud of what their government is doing here. I heard a saying once that stuck with me, "Don't tempt an honest man". It's so true. Well all that ivory was just an unneeded temptation and now that is up in smoke and everyone is better off for it. Nice job Kenya.
Things are just getting worse in Venezuela
The stories coming out of Venezuela now rival those of the US great depression certainly in scope if not in severity. I mean, you have people standing in line to collect their daily allotment of survival goods, rolling blackouts and complete collapse of services. While the government does its best to stay in power above all else, it performs a variety of deck chair rearrangements to act like it is doing something. All the while it blames this force and that cause, blah blah blah.
The situation in Venezuela is not mysterious. They participated in the global debt Ponzi at a marginal level. Now that it is in decline, they are hit the first and eventually the worst. Look how the people queue up in lines and change their living schedule at government behest when what they should be doing is dragging their leaders into the streets doing the Qaddafi shuffle on their heads.
Good people of Argentina, why do you just sit there and take this crap? Is it that you are powerless to change anything because you have no weapons? Well, yes, it is. Isn't it? At least partially so. The other reason of course is that you really don't know what the Hell is going on, do you? Not most of you at least. Since you never saw this coming and since you don't know how an economy really works or what the rightful role of money is or what the consequences of taking on debt are, then how could you see this coming?
Well if misery loves company then you will be getting happier soon because you are just the tip of the sword of debt Ponzi collapse. Everyone else will eventually follow. Why? Because the whole damned world is ensnared in the curse of Mammon money, that is, debt based money made up of fiat currency and fractional reserve lending. Its a trap that there really is no easy way out of. It's like getting caught in the gravitational field of a black hole. It sucks the power out of you as it sucks you down into itself.
Seriously folks, wake up but quick. Read about how those whose Ponzi's have collapsed are now living. Stock up on the basics while there is something to stock up on and for crap's sake, get a gun or two and enough ammo to declare your own personal sovereignty because when the nearly 20 trillion in US debt begin to come tumbling down there really won't be many places to hide and the only one who will be there to help you is you. Don't wait for it to happen. Start now.
The situation in Venezuela is not mysterious. They participated in the global debt Ponzi at a marginal level. Now that it is in decline, they are hit the first and eventually the worst. Look how the people queue up in lines and change their living schedule at government behest when what they should be doing is dragging their leaders into the streets doing the Qaddafi shuffle on their heads.
Good people of Argentina, why do you just sit there and take this crap? Is it that you are powerless to change anything because you have no weapons? Well, yes, it is. Isn't it? At least partially so. The other reason of course is that you really don't know what the Hell is going on, do you? Not most of you at least. Since you never saw this coming and since you don't know how an economy really works or what the rightful role of money is or what the consequences of taking on debt are, then how could you see this coming?
Well if misery loves company then you will be getting happier soon because you are just the tip of the sword of debt Ponzi collapse. Everyone else will eventually follow. Why? Because the whole damned world is ensnared in the curse of Mammon money, that is, debt based money made up of fiat currency and fractional reserve lending. Its a trap that there really is no easy way out of. It's like getting caught in the gravitational field of a black hole. It sucks the power out of you as it sucks you down into itself.
Seriously folks, wake up but quick. Read about how those whose Ponzi's have collapsed are now living. Stock up on the basics while there is something to stock up on and for crap's sake, get a gun or two and enough ammo to declare your own personal sovereignty because when the nearly 20 trillion in US debt begin to come tumbling down there really won't be many places to hide and the only one who will be there to help you is you. Don't wait for it to happen. Start now.
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