Send out the hit team, Epstein's minions are beginning to sing like birds... etc.

Epstein's whore handler and Lolita Express pilot are now trying to cash in on Epstein's crimes.  No telling if they get killed before they get the chance to blab but sooner or later someone is going to rat out the gay pedo satanic establishment and it is going to get ugly when the mass hypnosis wears off of the majority of Americans and they finally see what I have seen for a long, long time.

In different news:
- Boris Johnson kicks the "remainers" to the curb with a landslide win at the polls which has not been seen since Margaret Thatcher took over back in the Reagan era.  He now has a clear mandate for Brexit. That's it, game over.  A hard Brexit is coming, no deal at all.

- The NFL ditches Colin "the kneeler" Kaepernick.  The liberals propped him up as long as they could but now that flushing sound you hear are these football liberals swirling the bowl.


- Jeff  "bond king" Gundlach says the S+P 500 is toast.

Look at all these things happening at the same time.  Is it really all a coincidence?

And on the other extreme, Greta Thunberg was selected as Time magazine person of the year.  This stacks right up there with Obama winning a Pulitzer peace prize.   This is the stuff that trend extremes are made of.  These are the warning signals of major trend reversals IMO.

What will be next, rich people going to jail?
Hillary charged with felonies?
Financial disruption at the global level?

Uh-Oh. The media is now noticing that CXOs are abandoning ship

I'm mentioned several times in these pages that all these high powered people walking away from extremely lucrative careers is not just happenstance.  Of course when I say it, it sounds like a conspiracy theory instead of what it really is which is situational awareness.  But now we are seeing articles in Yahoo finance pointing out this massive exodus and so the rest of the herd is now aware as well.

Do you really think all these elite are walking away quietly because of boffing co-workers or wanting to spend more time with family?  Think again.  They know an "everything bubble" when they see it and they want time to get their personal shit together before it comes down hard.

And I think many of these people are actually leaving the mainland.  Peter Schiff, for example, left the mainland US to go live in Puerto Rico, and Mike Maloney is in the middle of doing the same thing.  In part they are fleeing the coming socialism (read "tax the rich") but I also think there is a physical security aspect of it.  After government vilifies the rich, how many sheeple with sub 100 IQ will act on the propaganda that government is putting out?  Will they feel justified breaking into "rich people's" homes?  I think a lot of smart people aren't waiting around to find out.

Would the last sane person out of Cally turn the lights off and lower the flag?

California is collapsing.  This is not hyperbole.  It's fact.  People have figured out the rent is too damned high and they are leaving.  And not just normal people.  We now find that Oracle corp is freaking moving OracleWorld out of San Francisco because the cost is too damned high.  I say it like it was a joke because of this guy but many a truth was said in jest and it is no joke that Oracle is moving this huge industry trade show out of SFO.

From now on, the show will be held in Vegas, NV.  Bye bye Cally, your rent is too damned high.  Your requirement to use ridiculously overpriced union labor to do every little thing is an insult to anyone taking out booth space in one of your shows.  As a result these booths can run several million each and then many hundreds of thousands in tacked on bullshit expenses.   This is over now.  Oracle will lead the way and others will follow.

First they will stop having their shows in Cally.  Next they will move their corporate HQ out.  And finally they will move all their operations out.  There are plenty of places just as nice as CA.  I was just in Boise Idaho.  Sounds like a Podunk town but it looks and feels much like San Jose.  The humidity was low and the temperatures were mild.  There are highways and restaurants and infrastructure. I could see high tech moving a ton of employees there.  It still has a state income tax but the max rate is about half of the CA 13% ripoff state tax which BY THE WAY is no longer fully deductible on your federal taxes.  The limit is now $10k.  The rest of the country is tired of subsidizing high income tax liberal states.

And now Cally residents in many areas have rolling blackouts if the wind picks up due to PG+E worries about getting sued for causing fires.  Get to a better state, young Californians.  But leave the liberal bullshit at home.

Fake GDP is clearly stated by current "bond king" Jeff Gundlach

A debt Ponzi is where current prosperity is being purchased using debt and then acting like it's prosperous because we are so productive.  The energy source of this current prosperity is not hard work, smart work, or smart, hard work.  It's debt.  This game is very long in the tooth because much of the world is in negative interest rates with trillions in debt.  It turns out banks can't make money with negative interest rates and so they are starting to pass their costs along.  As these costs hit depositors, many will decide that the price of keeping money in banks is too high and so they will take their money out and put in other things, including metals.  But that is the kiss of death for banks because it has the same effect as a run on the banks; capital flight is capital flight no matter the underlying reason.  And bank deposits are needed in order to backstop the fractionally reserved loans that banks have made.

At the end of the day it will be what I have named condominium economics.  In condo economics the condo developers have fixed costs that they want to amortize over those who have not walked away from their condos yet.  But doing so prices more and more condo owners out of the market, thus exacerbating the problem.  Same thing for the banks.  As banks cannot make money in a negative interest rate environment they begin taxing depositors in order to make up the difference.  The more that leave means costs have to go up on those who remain.

At the start of the debt Ponzi, a dollar of new debt would buy several dollars of GDP.  But now, listen to Jeff Gundlach tell us in clear terms that debt is going up faster than the GDP.  So we are now officially past the point of diminishing returns and we are now in a situation of NEGATIVE returns.  I mean think about it. If I have to spend a trillion dollars to get $500bn in GDP growth then why not just hand $500bn to the people to spend and save $500 bn in debt.  This would actually create the same GDP growth because we stupidly believe that consumption is how to measure GDP.  Am I the only one who thinks measuring production in terms of consumption is a total scam?  Sure, classical economics say there can be no consumption without production but of course reality shows that there can be, at least for a time, as long as the consumption is borrowed from another producer.  And that is just what is going on here.

IF you are not worried about this then there is nothing I can do for you but it does mean you are an idiot who could not be saved even when things are broken down into the most basic languages that a 15 year old should be able to understand.  Don't just sit there while this economic meteor approaches.  DO SOMETHING to prepare.  Now is the time.  All the data is right in front of you.  What in heck are you waiting for?

Time's running out for hillary

With the Epstein bleeder cauterized, bill and hillary need to move on to the next battle front which has just opened up.  It appears that Andy Khawaja, George Nader, Roy Boulos, Rudy Dekermenjian, Moe Diab, Rani El-Sassdi, Stevan Hill and Thayne Whipple have all been indicted by a federal grand jury for a litany of charges which include campaign finance crimes related to hillary.

This is bad news for criminal hillary and bill will get some on him as well.  They killed Epstein and the public took notice.  Nobody from the above list will die yet several of them will be talking a storm out of fear of being killed and in hope of getting into witness protection.  The clinton crime cabal is going down.

When you borrow to consume things look better than what they are.

On my high tech salary I could easily pass as a rich person.  For a while.  I could go buy a new Tesla and park it at that 5000 sq ft mansion you know about.  I could stop working and spend money on credit cards to take trips and have "experiences".  I could eat at the best restaurants and go to the best shows.

But I can't do it forever and neither can anyone else, not even the US government.  So when I see headlines like "lowest unemployment in 50 years" I recognize this as nothing more than conspicuous debt based government consumption.  The article is patting Trump on the back for creating low unemployment but it does not say AT WHAT COST his is achieving this political miracle with.  I bet if we looked at the debt that is being taken on we would find that it would simply be cheaper to hand people free money than to buy this low unemployment using debt.

Said differently, these kinds of superlatives are what we find a cycle peaks.  We don't have much longer before the Ponzi begins to freefall so I hope everyone is using this time of artificial plenty to create some savings and to situate yourself in a way that when this comes crashing down that it will not fall on top of you.  NOBODY is going to look out for you when that time comes.  Those who have not taken the necessary steps will simply get tilled under.

Borrowing long to lend (or consume) short.

Most people have no idea what is going on in the economy but it is a scam of unparalleled proportions and when it breaks down, and it WILL break down, it is going to come down hard on people who won't see it coming.

As I have stated many times, the root cause of ALL these problems is that the working class, being as ignorant as is physically possible with respect to money and finance, has accepted fake money as if it were real.  The USD was always pretty flaky but when Nixon had to take us off the gold standard the paper currency lost all intrinsic value.  But for various reasons, the idiot people of the world continue to accept it for their labor and to save it for retirement even though it will lose much of its value long before then.

As I have also stated, this fake money system has enabled those who understand how the scam works to royally fuck the people who don't know how it works, or even that it is a scam.  The result is a Global Debt Ponzi (GDP).

But what I have not explained in enough detail is one of the major ways this debt Ponzi has expressed itself here in the USA and that is the notion of borrowing long and lending short.  This is what GE did in order to give non credit worthy customers the ability to buy its stuff.  This is what WeWork (soon to be known as WeLookingForWork) has done with real estate - they took out long term loans to control property and turned around and sublet the property on a short term basis.  The short term business results in cash flow which all borrow long lend short scammers call "profits".  The business looks great IFF you ignore the debt.  But if you take the debt into account you know that the company is a scam and that it will eventually BK.

MANY companies are playing this game right now.  Many companies that everyone thinks are good businesses.  Take Netflix for example.  They keep taking on more long term debt in order to create content for subscribers.  The net result is they provide a short term consumption benefit, the cash flow from which is enough to make the payment on the debt (for now) but which is NEVER enough to actually repay the debt.   Thus, even though NFLX has put put a bunch of great content, they never owned that content, they borrowed it.  And since the sale of that content is not enough to repay the debt, when interest rates rise and NFLX has to take on debt just to service the existing debt then NFLX will BK in a debt spiral.

Why am I the only one who can see this?  Why doesn't everyone know it to be true given how obvious it is.

Look around at all the borrow long lend (AKA "consume") short scams going on.  Those taking on the debt never intend to repay it.  They know they will just keep on taking on more and more debt until the market finally says "no mas" and then the companies will simply collapse and walk away from the debt leaving our greedy banking system saddled with it, thus making that system collapse.

It's coming folks.  It's mos def coming.